Sentences with phrase «replacing fiat»

Viewing through this lens, the blockchain is the future and we should be paying attention to that and not to the possibility of Bitcoin replacing fiat currencies.

While implementing blockchain in the banks is nothing new, the idea of replacing fiat currencies with their digital counterparts is still not fully ripe.

For a digital currency that was launched with the primary purpose of replacing fiat currency, slow transaction speeds and high fees diminished its true utility.

Bernanke also provided a key insight into how central banks view cryptocurrencies like bitcoin, saying, «Bitcoin is meant to be an attempt to replace fiat currencies and evade government regulation and government intervention.»

The author isn't arguing that central banks are going away anytime soon, or that cryptocurrency will replace fiat money.

Harker's statements suggest that digital currencies will not replace fiat money, at least not any time soon.

Ultimately, Bitcoin is made to replace fiat currency, a feat that many would say unachievable.

Cryptocurrencies will replace fiat currencies only in countries without a functioning currency of their own.

Whether Bitcoin itself will ever be able to replace fiat currency entirely is a big question mark.

That said, one wonders if digital currencies can replace fiat currencies before their conversion rate into the latter beomes reliably stable.

It may not replace fiat currencies, just as unlawful file - sharing has not killed off lawful distribution, but it may persist as a viable alternative and, by doing so, force change in the way its traditional predecessors function.

Many people believe Bitcoin is the future and will eventually replace fiat currency.

Bitcoin prices are not known for their stability, which is odd, considering that the currency's end goal is to «replace fiat money.»

Some crypto evangelists predict Bitcoin will become mainstream or even replace fiat currency.

And if you can't use it for daily payments, then it will never replace fiat money.

Bitcoin, the first, biggest, and most recognisable cryptocurrency, has been at the heart of much of that excitement, with acolytes touting it as the future of global finance, and some even suggesting that it could replace fiat currencies like the dollar and the pound.

There will be some countries that will replace their fiat currencies by Bitcoin, but I don't think Bitcoin will replace fiat currencies as a whole.»

«Bitcoin will never replace the fiat currencies.

The author isn't arguing that central banks are going away anytime soon, or that cryptocurrency will replace fiat money.

Lastly, the subject of bitcoin as a new form of money was broached, as was the question of whether it - or something similar - would ever replace the fiat currencies we know today.

Because of this, the naysayers are questioning Bitcoin's ability to replace fiat currency as a widely used mode of payment.

In February another IC representative noted, speaking in the State Duma, that cryptocurrencies or surrogate money can seriously compete with the official currency and thus undermine the liquidity of the ruble and in prospect replace fiat money completely.

I have a strong feeling that cryptocurrencies will replace fiat currency in the long run.

Its potential to work as a legitimate payment system, one that could replace fiat and revolutionize money, has fallen away somewhat.

Depending on who you talk to, Cryptocurrency is either going to replace fiat currency the world over, or crash and burn until each and every one of them is completely worthless.

The problem with the analysis is that bitcoin is more than a payment method, and even those in the industry who don't expect bitcoin to replace fiat money are long bitcoin.

The idea is that the E-Ora will eventually replace the fiat currency currently circulating, and despite the racist and inhumane social policies of the town, the economic case study it could present would be an invaluable digital economic lesson.

This new form of money has a lot of potential, although that doesn't mean it will replace fiat currency anytime soon.

«That doesn't mean it will completely replace fiat... it will be the universal standard of value,» Rogers said.

During an interview with Korea JoongAng Daily and JoongAng Ilbo, two largest news publications in South Korea, Ethereum co-founder Vitalik Buterin discussed the potential of his creation, merits and flaws of initial coin offerings (ICOs) and his personal thoughts on whether cryptocurrencies such as Bitcoin will be able to replace fiat currencies.

In a new opinion piece published by Project Syndicate Friday, Roubini (nicknamed «Dr. Doom») said blockchain's potential has been overstated while condemning the notion that cryptocurrencies could replace fiat currencies as «utterly idiotic.»

In the end, the general consensus of the panel was that they thought that bitcoin - particularly the block chain - as a technology was promising, but they did not say it would replace fiat currency.

Will cryptocurrency replace fiat donations down the road?

Depending on who you talk to, Cryptocurrency is either going to replace fiat currency the world over, or crash...

Regulators are wary of Bitcoin, particularly of its ambitions to replace fiat currencies.

The volatility of crypto - assets has prompted an intense debate about whether they are a bubble, just another fad, or a revolution equivalent to the advent of the internet that will disrupt the financial sector and eventually replace fiat currencies.

One could think that Bitcoin's primary purpose should be to replace fiat money for transactions.

Not exact matches

There is growing sentiment that our fiat currency system should be replaced with a hard anchor, such as the gold or silver standards in place in much of the world over the two centuries preceding gold's abandonment by the United States in 1971.

If the XRP token it to replace only a minor percentage of fiat currency that is currently used to provide cross border liquidity, then demand is likely to hugely outstrip supply.

Bitcoin is what's known as a «cryptocurrency», a digital asset designed to replace and usurp traditional fiat currency.

What I can tell you from my conversations with clients is that more and more people are starting to see bitcoin as money and the potential to replace the current fiat central banking system that has gotten out of hand.

It is to replace persuasive love by fiat, acting according to some preordained plan.

Accordingly, only when we recognise that monetary central planning is the ultimate source of our financial and economic distemper, and when it either collapses or is consigned to the dustbin of history, and when 100 % - reserve banking and sound money replace fractional reserve and central banking and fiat currency, will the ruinous cycle of boom and bust become as thing of the past.

Yes, I would dare to stay that only 10 % of all fiat money and gold can be replaced with cryptocurrencies.

However unlike gold, Bitcoin is completely out of the reach of governments and can't be regulated, centralized, or ultimately shut down and replaced with inflationary fiat money.

He pointed out that central banks worldwide are monitoring and scrutinizing cryptocurrencies given the fact that several countries are giving up their fiat for replacing the same with their exclusive crypto line - up.

«Digital fiat currency would certainly be influenced by [the] existing payment system and information technologies, but it should be distinguished from [the] current payment system so as to focus on service delivery and play its role in replacing traditional currency.

For a digital fiat currency (DFC) to show vitality and supplement or even replace traditional currency, it has to be user friendly and well received by the public.

Some of this may stem from fears that the cryptocurrency may replace their own controlled and centralized fiat currency.

News You've heard of hyberbitcoinization: how bitcoin could one day replace hyper - inflated fiat currencies.