Will fiat money be completely dead in 5 years? Tim Draper thinks so. Good Morning Crypto! We will also discuss NEO, Ethereum Plasma, and other cryptocurrency news!
Get your breakfast and coffee ready and we will get straight into it!
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https://www.ccn.com/tim-draper-cryptocurrencies-will-used-payments-5-years/
https://themerkle.com/neo-network-suffered-from-transactions-not-being-broadcast-properly/
https://cointelegraph.com/news/telecom-egypt-covertly-redirecting-internet-users-to-crypto-mining-sites-report-says
https://cointelegraph.com/news/south-koreas-largest-crypto-exchange-bithumb-to-supply-crypto-kiosks-to-restaurants
https://cointelegraph.com/news/buterin-presents-blockchain-scaling-solution-that-could-make-exchanges-hack-resistant
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Ivan on Tech is all about cryptocurrencies and the technology behind Bitcoin, Ethereum, Litecoin, Ripple, IOTA. We also cover Bitcoin price, altcoin price, investing, analytics, different altcoins.
Ivan on Tech by Ivan Liljeqvist
Fiat may be die, but it won't come without a big fight from the CBs.
I just can't see the central banks and governments giving up power to the people just like that.
Draper has been right about a lot of things, but I think he's overoptimistic with this prediction.
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5 years seems a bit fast, but that would be ok with me as long as my cryptos are doing well. Thanks for the video and post!
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Fiat is a bad dream and soon many will wake up :)
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Don't know if Fiat is a good dream or not but the crypto gonna be taking over soon I guess. Its complete dominance is on the cards.
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That's a great way for this guy to get headlines but we can tell it is unlikely. I need to use fiat to buy food and pay rent. 50 years sounds more reasonable.
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Hi Ivan !
Thanks as always.
5 years would really not be far of to go. Sounds interesting.
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Success for you @ivanli
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Yea They are letting FIAT die its own death...Plasma will get rid of unnecessary data in the root chain. It will handle smart contracts much like its foundation, but will only broadcast completed transactions to the public Ethereum chain. This saves an enormous amount of processing power and memory for the chain’s participants, making it more inexpensive to interact with the system’s other participants
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buy buy buy... hold ur horses... buy all the bitcoin :p
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Bitcoin was originally lauded for its fool-proof digital currency solution, but so far, there are few places to spend Bitcoin. The most liquid of all currencies is surprisingly illiquid. Moreover, the recent arrival of thousands of “altcoins”—alternative coins—devalues the whole concept. Ethereum might pose a challenge to bitcoin in terms of smart contracts. While ether has potential it's still worth less than 10% of one Bitcoin in dollars today.
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I went through this article.
However, what shocked most readers was that at its core, Reid's report was dead accurate, and as Reid writes in a follow up report published this morning, it is the topic of the fiat system itself as potentially the weakest link in any future crisis that generated the most debate
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Dead? I doubt it. However I think it's quite possibly that a younger demographic may very rarely use it. Here in Hangzhou, hardly anyone uses physical cash. In 5 years I very much doubt it there will be cash used in the city other than by older generations.
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That's how it's most likely gonna play out, guess the location will have a small effect as well.
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well completely agreed sir @ivanli!
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Glad to see you again @ivanli
I think Tim Draper is right and The Bitcoin transaction numbers tell me we have a long way to go in adoption. Maybe we're just one technical breakthrough away, but there's no way to predict when that might happen.
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Yes. Good riddance. First time in human history we can shift to a provably stable medium of exchange, instead of scumbag bankers driving us through boom and bust cycles while enriching themselves.
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I don't think it will be dead in 5 years, and I hope not, as I don't think the world would be able to adjust so quickly which could create major chaos. Don't you think?
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That's too long..
Fiat money sucks , it's all about crypto now
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Crypto are always volatile.It is as usual..@ivanli
Change the way you look at things and the things you look at change.
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I don't think so that fiat currency will be died in 5 years. Although i admit that crypto is the currency of 21st century, but still it will need take minimum decade or so to rule over the market. Thanks for sharing @ivanli Keep sharing
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I noticed one thing that firstly you live in youtube and after finished your live streaming then you this video upload on Steemit... That is really impresive that many people just make a video and upload on youtube and then upload on steemit.. But you firstly come in live so that people watching your latest video in live and ask a question for them don't understand... I watched your maximum videos.. Trully skeaking I don't understand about crypto market but still I'm tried to learning aboyt that from your videos... Thank you so much for your great task style.....
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i think if crypto remains stable then this prediction might be true !
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No, it will still be around for quite a while.
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IOTAAAAAAAAAAAAAA!!!
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thanks for the update Ivan
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