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Topic: Are you sure crypto is the future currency? - page 19. (Read 2415 times)

hero member
Activity: 1666
Merit: 753
I actually doubt that crypto will be able to replace fiat completely.

An ideal situation would honestly just be fiat and crypto coexisting, with crypto providing aspects of currency that fiat fails to provide, like a long term store of value as well as smart contracts.

It's a bit unrealistic to expect that the government/central banks around the world will just all of a sudden give up on the control that they have over monetary policy and the monetary system in general.
jr. member
Activity: 206
Merit: 2
in the near future i can see that crypto will be the currencies of many countries, money is part of growth, if many people will know the good use of crypto currencies they will adopt it and use it instead of their local money, in modern days where in everything is digitalized, the demand of cryptocurrencies will increase, especially bitcoin that is already accepted in many countries.
full member
Activity: 1540
Merit: 102
Yes they should be because we are moving toward digital now and crypto make transactions easier and you do not have to carry money with you all the time and you can buy different things from home plus there is no third party and its decentralised.
hero member
Activity: 3136
Merit: 591
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It counts as an alternative currency in the future. Cash will stay and it could become cashless in the future so we will have two currencies at the same time. The local cash that we have which is supported by the government and bitcoin and cryptocurrencies that merchants prefer to accept.
Yes, time will come that crypto will be adopted by most in the world and we just have to wait until it all happens.
jr. member
Activity: 294
Merit: 1
I like Blokchain technology and this is an extraordinary innovation especially for the digital era in the future, but I personally am not sure if all cryptoqurrency can be used as a currency or transaction tool like paper money. maybe if I trusted bitcoin enough. because the most major bitcoin currency and has a high selling price.
full member
Activity: 644
Merit: 127
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I completely agree that crypto will be the currency of the future. Cryptocurrencies are already used all over the world and constantly more and more countries begin to legalize cryptocurrencies and recognize them as official currencies, this is just a matter of time when the whole world will already fully begin to use cryptocurrencies with its full potential.
As time goes by, our era is continuosly growing. We are in need of something that will be able to improve our way of living like having a faster transaction is just a click whenever you want. For sure, cryptocurrency is our future currency in terms of digital but I guess there is still a fiat money that time.
newbie
Activity: 70
Merit: 0
I believe that one of the most important thing these days is still practical value and real value every solution brings. I am pretty impressed with blockchain implementation cases in real life. A great example here is GET protocol that helps entire ticketing industry. GET Protocol offers a blockchain-based smart ticketing solution that can be used by anybody who needs to issue admission tickets in an honest and transparent way, thereby seeking to eliminate ticket fraud and exorbitant prices. There are already impressing results - partnership with Klaitn (very popular service-centric blockchain platform, Google them), Oerrock festival and much more
legendary
Activity: 2632
Merit: 1094
No! Crypto that depends on the internet can never be a secure future currency. There has to be an offline currency that can be used and adopted by everyone no matter if they have access to the internet or not. Also, except ETH, I don't find any crypto currency stable enough to be used as fiat. Maybe some country will come up with a better option that would be crypto-related and be pegged to fiat so that it's easier to trade and use.
copper member
Activity: 2324
Merit: 2142
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Surely cryptocurrencies (POW one) have a lot to offer, e.g., permissionless, transparency, security, immutability, etc., however:

this is just a matter of time when the whole world will already fully begin to use cryptocurrencies with its full potential.
It's not only a matter of time but also development-wise. At the moment, no crypto can handle worldwide transactions. It's still a long way to go, in my opinion.

Maybe the future of the currency is not a cryptocurrency, but something brand new. You just have to think out of the box Wink
hero member
Activity: 2408
Merit: 584
you should keep one thing in your mind that the world is going to more advance digital Era, nowadays people converting their businesses to online and you know that cryptocurrency is playing a big role and the other good point is that crypto transaction fees is too much low and secure and fast payment processor more than our fiat currency.
hero member
Activity: 1162
Merit: 516
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this might be aas far many times in this poem but the people and everyone who are being in this poem for not yours will see the same this bitcoin and the other cryptocurrencies are the future and the world will be adopt cryptocurrencies as the financial medium.
We need some adoption from the giants to make it true. So time is very close for that bro.
hero member
Activity: 812
Merit: 512
I completely agree that crypto will be the currency of the future. Cryptocurrencies are already used all over the world and constantly more and more countries begin to legalize cryptocurrencies and recognize them as official currencies, this is just a matter of time when the whole world will already fully begin to use cryptocurrencies with its full potential.
We are only in the first phase so can not be sure of anything, this market has only appeared for more than 10 years and it is still not too popular. We will need a lot of time for this market to grow and more countries to accept it, but I also hope that in the future, cryptocurrencies will be accepted as a currency and widely used
sr. member
Activity: 2366
Merit: 305
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I completely agree that crypto will be the currency of the future. Cryptocurrencies are already used all over the world and constantly more and more countries begin to legalize cryptocurrencies and recognize them as official currencies, this is just a matter of time when the whole world will already fully begin to use cryptocurrencies with its full potential.
No, I won't. Crypto will remain an alternative currency as what we saw now. Probably it will once cryptos are regulated by the government and it is manipulated by them. Currency? I think that is not the mindset of some crypto enthusiasts now. They are holding their crypto just because they think that it is a valuable asset that someday they will gain profit on it. Spending daily will may consider as a currency.
hero member
Activity: 2730
Merit: 632
January 18, 2020, 12:35:21 PM
#9
I completely agree that crypto will be the currency of the future. Cryptocurrencies are already used all over the world and constantly more and more countries begin to legalize cryptocurrencies and recognize them as official currencies, this is just a matter of time when the whole world will already fully begin to use cryptocurrencies with its full potential.
No it wont and crypto would really just remain on what it should be - alternative payment option. Come to think that replacing fiat currency is really impossible

as long  government do exist this thing wont really happen but somehow if crypto would be on fullest adoption it would remain as just an alternative which is better
rather than for us to see for crypto to be banned anywhere.
sr. member
Activity: 812
Merit: 262
January 18, 2020, 12:32:18 PM
#8
I completely agree that crypto will be the currency of the future. Cryptocurrencies are already used all over the world and constantly more and more countries begin to legalize cryptocurrencies and recognize them as official currencies, this is just a matter of time when the whole world will already fully begin to use cryptocurrencies with its full potential.
Can't really say if cryptocurrency will really be the future currency because there are countries who are still unfavorable with cryptocurrency and more people still don't trust cryptocurrency. People will still purchase goods with the use of paper money instead of digital money, so it will take long for us to know if crypto has a chance to be accepted by the government in every country.
sr. member
Activity: 896
Merit: 267
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January 18, 2020, 12:30:55 PM
#7
Well lots of things can happen and one of that is what were thinking about having a slowly but surely mass adoption of cryptocurrency in the world and then after that cryptocurrency will be our future but i also been thinking about the situation of countries having their own fiat currency becomes digitalized because every country has their fiat that represents them as a country so its hard to think of making way to cryptocurrency but i'm hoping that crypto can compete with fiat in terms of usage in the near futre
sr. member
Activity: 1288
Merit: 253
January 18, 2020, 12:27:32 PM
#6
Everything have self moment and not keep continue for long time, although bitcoin have higher price right now I think always have little chance for bitcoin and altcoin become  nothing with lower price at the future, maybe when have and got much profit better with invest in your real investment like make your store or buy some real estate investment.
legendary
Activity: 2436
Merit: 1189
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January 18, 2020, 12:25:45 PM
#5
Maybe, maybe not. Nobody can tell with 100% accuracy that bitcoin will be the future currency. But yes there is a possibility that said by many economic analysts. It will happen as soon as the governments of the world will legalize cryptocurrency. But it is not so easy. The maximum countries in the world are against crypto now or they don't want to talk clearly about crypto. So it will come in the future but it is not so near to now. we need to wait for some years.
sr. member
Activity: 1638
Merit: 261
January 18, 2020, 12:24:31 PM
#4
Crypto currencies will indeed be the most preferred digital currency if we get mass adoption but I don't think any country has made crypto as it's official currency except the fact that Venezuela made a headline that they will launch their own crypto named Petro. There is still a long way to go for crypto to be used just like any other online payment methods.
hero member
Activity: 1540
Merit: 508
January 18, 2020, 12:18:37 PM
#3
I completely agree that crypto will be the currency of the future. Cryptocurrencies are already used all over the world and constantly more and more countries begin to legalize cryptocurrencies and recognize them as official currencies, this is just a matter of time when the whole world will already fully begin to use cryptocurrencies with its full potential.
I believe that crypto will be the world's currency. However i think stable coins are more suitable. There are many things to do with the security to make sure that the world's economic can be relayed on it.
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