Topic: Are you sure crypto is the future currency? - page 7. (Read 2415 times)

yes, many countries now are creating their own digital coin. its not a surprise when we reached the year 2025 we are cashless already.its better rather than paper money

I don't think almost every country accepts cryptocurrency. Binance has already added more fiat currencies even though the total number is much lower than all countries. If all countries accept cryptocurrency, the whole crypto world should be changed more than we imagine. Cryptocurrency is already used as a payment in several countries but by the time change more TPS we will need.

decentralization is not the only technology in the future, I feel that in the future more and more technologies will be created by developing cryptocurrency technology, so we will find better solutions, even though nowadays digital currencies are based on blockchain technology or imitating cryptocurrency system, so I'm sure the future will be more cryptocurrency created and used.

Cryptocurrency is not yet ready to be used as a legal tender in most countries. In fact, I won't personally advise that cryptocurrency should become a legal tender in any country. This is because of the issue of volatility. It would be unwise to legalize cryptocurrencies in countries especially the third world countries where basic amenities are lacking and there's high level of illiteracy.

There was only a free cryptos that can be used as universal money while so many cryptos can be categorized as security which means you can't use such security coin as a payment system. It's not all of cryptos have been filling all of the requirements to be used as a universal currency or a payment system.

indeed, this is just the matter of time
because in my opinion the decentralized system on cryptocurrency is more fair than centralized currency

Cryptocurrency is getting more popular day by day and in my mind it will be accepted the whole world in the future. But no doubt it will take a bit long time, as you above mentioned cryptocurrencies are legit in some countries, on the other hand it is not accepted in other countries. l think this event will change, and we will see that these currencies will be used by people all over world and as you said everywhere accepted.

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.

Blokchain technology is an innovation for the future era, especially about Bitcoin which is a big coin in the cryptoqurrency industry space. although now many countries have legalized crypto or adopted blockchain technology but I don't think crypto can be used for transaction tools like paper currencies.

I'm actually seeing crypto to be the future coin because of its adoption and it has given government concern which shows it's going places. Some government have adopted and accepted the currency while some are yet to legalise it and with the world's current issue, I am seeing crypto to solve world's problems and be adopted as digital currency.

Just because our future will involve a lot more crypto doesn't mean that crypto is the future. I am sick and tired of people who think that crypto will be the only currency one day when we reach the mass adoption, it can never be like that, it can't scale to that level and its a failed project from the start.

This is why crypto will be a good part of our life and we will be using it in a lot more places and it will be adopted more so in theory yes crypto will be bigger and important in the future, but that doesn't mean that bitcoin will be the only thing, it doesn't mean that crypto is the only way, there are a lot more options which will continue for a long time as well. That is at least what I believe and hopefully that would be for a long period of time as well.

we need to see its development in the future. we know that nowadays people who use cryptocurrency are always increasing, and this can make wider developments regarding cryptocurrency. although there is enough opposition to become a currency, but the development of crypto continues. although there is potential, but it looks like it takes a very long time.

You are right Cryptocurrency is now almost accepted in every country in some countries it is official and mostly at the moment not legal but day be day cryptocurrency trading, online purchasing and investing is increasing and sooner or later it will be the most popular and everywhere accepted.

I believe that cryptocurrencies will not be more convenient for payment than national currencies. The thing is that the cryptocurrency rate is constantly changing.

they will not completely replace each other, but I think that in the future, cryptocurrency will be a more popular tool to use than fiat money. obviously it is more convenient

You know fiat and cryptocurrency is an asset they have both advantages and disadvantages so they should co-exist no one will replace another. Yes, cryptocurrency has more potential and better than fiat but I am seeing in the distant future fiat will still exist and it is pretty needed in our daily lives. If no fiat there will be no stablecoins that are backed with dollars.

blockchain is already a key technology and many governments understand this. they see how much this technology can change the world and also they see it as a danger for themselves

Many of us were confused right now what will be the run of this platform. Would it be more useful for the future or  just a momentarily trend? But many of the countries now are embracing crypto sinced they had seen the potential into it to succeed. For example the billing will be digitalized in all aspect like foods, games, entertainments and etc. In general, it will lessen your time of having a transactions to do something more productive.

The world’s economic will began to crumple if something as volatile as cryptos take over the official system and currency. Stable coins like USDT might be a wise choice but would still have to be highly centralized. Government would never risk placing all control in the hands of the people as this will result in frauds in tax payment and give rise to other illegal activities. So, decentralized crypto as a currency is basically out of the sight.


I would rather call them as crypto assets than crypto currencies. Cryptos can never replace the fiat currencies but might coexist with it as an asset similar to shares and gold. They will be legalised and regulated, but no government will allow cryptos to replace fiat and be the official currency of the country. Economy of the whole country can never rely on something so volatile.


Venezuela already launched their official crypto currency named Petro back in February 2018 which is being backed up by the country’s oil and mineral reserves. It is claimed that the crypto currency is backed by a centralized debt-crippled entity, so it didn’t get so popular back then.But, we might see it popping up ones again in the market. Basically, no country will allow a decentralized crypto asset to become the official currency unless its centralized and all transactions are kept transparent and traceable.  

When a cryptocurrency grows in price, you really don't want to exchange it for goods. I think this is the problem of cryptocurrency.