Crypto VS national currency - page 42.

cmacwiz

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Quote from: stryker on May 05, 2018, 04:01:50 PM

I found this expression on the news channel about the crypto currency: "Anyone who will try to buy coffee for cash in 2023, runs the risk of causing laughter from the seller, that he does not use crypto currency."
how do you think, is it realistic? Can a crypto currency replace national money?
I think that it's possible, but it will take more time.

It’s true that bitcoin and other cryptocurrencies have gained immense amount of popularity among the people since it has started and also has gained a lot of users throughout the world. This has lead to increase its demand but still I think national currency is better than bitcoin because firstly, it is way more popular than bitcoin and then it is accepted everywhere whereas bitcoin is not accepted everywhere.

onecoin.bd

newbie

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I am agree with you.
Now people ar trust bitcoin as like national money.
There have opportunity to earn money from crypto currency. So, in my opinion it is possible to crypto currency replace national money.
But it will need more time Wink

Corsicoin

full member

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CryptoSport

In the future you don't buy things...
You see it, you use it, it's already paid.
We can imagine it's paid according to the time you use it Wink

Crowdsale.network

newbie

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I think that cryptocurrency will not be able to replace the national currency but I have read opinions of experts that cryptocurrencies are going to displace roughly 25% of national currencies by 2030. We will see..

Heartbreakeren

newbie

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A possibility: the Federal Reserve could issue its own digital currency. Some global central banks are already exploring that.

Ondre

jr. member

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https://i.imgur.com/iwknjIj.png

Yes i agree, it is possible but it will indeed took time for crypto to change fiat money. It needs more info dessimination and people need to be educated about this kind of digital money.

St4yInTh3D4rk

sr. member

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"STAY IN THE DARK"

Quote from: Aleister Crowley on May 05, 2018, 05:08:05 PM

Quote from: stryker on May 05, 2018, 04:01:50 PM

I found this expression on the news channel about the crypto currency: "Anyone who will try to buy coffee for cash in 2023, runs the risk of causing laughter from the seller, that he does not use crypto currency."
how do you think, is it realistic? Can a crypto currency replace national money?
I think that it's possible, but it will take more time.

bitcoin will not be able to replace the national currency, because the national currency is still to be used, as a system of exchanges for each country, therefore we can assess how strong the economy is in the country .. for all the scoring, every country has a crypto currency that is oriented to bitcoin

But it can happen in the future right?

Yes,I think it will happen but not sure about that year of 2023,but surely it will happen one day.But if we use bitcoin only for trading and just bumping and dumping we never can crypto currency in our daily life.

jonaire99

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Quote from: stryker on May 05, 2018, 04:01:50 PM

I found this expression on the news channel about the crypto currency: "Anyone who will try to buy coffee for cash in 2023, runs the risk of causing laughter from the seller, that he does not use crypto currency."
how do you think, is it realistic? Can a crypto currency replace national money?
I think that it's possible, but it will take more time.

That would happen only in wealthy countries, at that time, cash is still much around in majority of the nations. Wealthy countries is no doubt, has the capability to modernize their technologies in a few years time. In making a cryptocurrency as national money, it will be up to the government or monetary authority if they'll going to eplace the cash with a highly volatile virtual coin.

dewi91

full member

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in my opinion crypto currency will never be replace national currency because nation currency is one of the important factors for economy stability in each country. national currency is easier to used for daily transaction and national currency can be accepted in all region of the country. its so difficult to used crypto as main currency especially in develop country.

greenpath

newbie

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Today's revelation of crypto life in the market is a good sign that we would come up with crypto currency in the future. Crypto bitcoin and altcoins are familiar across the world. In this matter big possibility that one day every will not use the actual money rather we use digital currency. From children to adult, everyone is more convenient to use this system of money through digital. I think it is not hard to go in that place if everything is ready to engage in the system of digital currency all over the world.

ParveZ219

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Quote from: stryker on May 05, 2018, 04:01:50 PM

I found this expression on the news channel about the crypto currency: "Anyone who will try to buy coffee for cash in 2023, runs the risk of causing laughter from the seller, that he does not use crypto currency."
how do you think, is it realistic? Can a crypto currency replace national money?
I think that it's possible, but it will take more time.

Bro cryptocurrency is at its own place and national currency is at its own place...I am not going against crypto..I support it....But these are just like exchanging coins to notes or filling that to our electronic devices for making faster and safer payments..

Mihail.B

member

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Even if this happens, it should take a long time! so far, very few people accept or trust cryptocurrencies! you need to connect the media and go to the masses!))

tuikindu

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Quote from: stryker on May 05, 2018, 04:01:50 PM

I found this expression on the news channel about the crypto currency: "Anyone who will try to buy coffee for cash in 2023, runs the risk of causing laughter from the seller, that he does not use crypto currency."
how do you think, is it realistic? Can a crypto currency replace national money?
I think that it's possible, but it will take more time.

BTC encryption, such as digital currency is a beneficial attempt for future monetary system, but any monetary system must first with the first stage of human adapt to productivity, technology, cultural level is feasible. Under the existing centralized production, centralized administrative human productivity and superstructure system. There are still many hard questions about the widespread use of distributed money as a currency. As an asset, BTC has to deal with a serious bubble, and other COINS have to deal with its fundamental problems. If the solution cannot be solved through better technical design, the cryptographic coin will have no future.

redhorsebeer1980

newbie

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Between the bitcoin currency and the national currency have their own position.Not all the world's population can access the bitcoin.Crypto currency is a virtual money and while national currency is a government and bank control fiat money.Bank and governments can't control cryptocurrency but virtual digital money easily controlled by the bank and governments.

genlocy

newbie

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Crypto currencies are digital currencies. At the ancient age exchanges of goods are done by goods. Like rice for meat. In the circulation of update people change their interests. They think of currency (example: stones). Now we are using notes or coins. We start using credit cards. Within few years it will happen that most of the payments will be done by crypto currency.

oppasong

full member

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of course we hope according to what you say that one day digital currency will become the national currency, but this will take a long time if seen the development of bitcoin now but in fact this will be terelisasi because almost all the countries that exist world already received bitcoin as currency.

Pr.Victus

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Global loyalty & rewards

I doubt that the crypto currency will completely replace the national money. This is contrary to the policy of the state. The state can easily prohibit business from accepting a crypto currency to pay for goods and services. I believe that the crypto currency will be in the shadows for a long time, until it recaptures about 25% of the market.

missycoin

newbie

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I think crypto will replace national currency, but it will be national crypto which will be centralized at some point

jeni99

member

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I think virtual currency has been widely used in restaurants or coffee shops only if you want to change globally, then it takes a long time.
but it will definitely happen because we have entered the digital age

klebsiella

full member

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True, we are living in the modern age/computer age, but still cryptocurrency cannot replace national currency. There are still a lot of countries across the globe that are very poor or living in the so called third world country. Where most people doesn't own computers and internet connections so it is impossible for them to possess such currency.

Topic: Crypto VS national currency - page 42. (Read 3028 times)