Cryptocurrency - page 15. | Bitcointalksearch.org

weblouartisan

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Quote from: Tosin12 on February 24, 2018, 05:40:35 PM

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money

Cryptocurrency can be a universal exchange or money for everyone because there are a lot of people who are interested on bitcoins and if government will be allowing cryptocurrency then people will use bitcoins everyday.

maydna

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maybe in the future, cryptocurrency can become globally so all country can use cryptocurrency as a new payment system and not just available on the internet but also available in the real life. but it will need to interfere with the government that will integrate their system with the blockchain technology and maybe the government will launch their own crypto. and maybe their crypto will be a bridge between cryptocurrency and the fiat so it will connect to each other and we can have more benefits from the crypto.

Sir Cross

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Even though cryptocurrency market is at a rise nowadays, I don't think it will ever be accepted as a global legal tender. It will never replace or come at par with fiat money. Crypto is a decentralized currency, meaning that the government does not have any control over it. Crypto, however, could be a form of an alternative payment. One may argue as well that credit cards could be the start of a "cashless" society and that crypto would come after it. However, if you think about it, credit cards are still based on the value of fiat, unlike crypto, which depends its value on something else.

PatM77

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Cryptocurrency will be good for economics but I think it will remain as cryptocurrency only because each country has a so called fiat. The government will not allow crypto to take over the fiat.

Rooster101

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Quote from: Tosin12 on February 24, 2018, 05:40:35 PM

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money

Bitcoin may not become a global legal tender because it is a decentralized currency and might remain as a alternative currency instead. Some countries are reported to be planning to create or issue their own cryptocurrency or own token and use it instead of adopting bitcoin. But if majority of the countries around the world unite to make bitcoin the universal means of exchange, then it might be possible to happen.

Ramonranger

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Quote from: breathlessz on July 04, 2018, 01:10:18 AM

Quote from: Pumapipa on July 04, 2018, 12:42:59 AM

Quote from: Tosin12 on February 24, 2018, 05:40:35 PM

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money

it is now used as payment for services rendered and slowly, countries are already adapting the use of it. But then again, it cannot replace fiat money through global use. It can just supplement but can never replace.

i think cryptocurrency is facilitating payment. this happens because not many stores that provide payment using cryptocurrency. and i think the government will keep the fiat currency

Cryptocurrecy is a universal money, with different value in every country. We still need fiat money, it depends how the government handle it.

squog

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If course it could. Given time and a number of investors it would be adopted by businesses as a means to exchange goods and services around the world. The only thing getting in the way is its volatility. When we see virtual currencies becoming stable, more and more business will be comfortable with adopting virtual currencies in thwir businesses.

breathlessz

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Quote from: Pumapipa on July 04, 2018, 12:42:59 AM

Quote from: Tosin12 on February 24, 2018, 05:40:35 PM

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money

it is now used as payment for services rendered and slowly, countries are already adapting the use of it. But then again, it cannot replace fiat money through global use. It can just supplement but can never replace.

i think cryptocurrency is facilitating payment. this happens because not many stores that provide payment using cryptocurrency. and i think the government will keep the fiat currency

Pumapipa

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Quote from: Tosin12 on February 24, 2018, 05:40:35 PM

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money

it is now used as payment for services rendered and slowly, countries are already adapting the use of it. But then again, it cannot replace fiat money through global use. It can just supplement but can never replace.

megaradux

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Quote from: Tosin12 on February 24, 2018, 05:40:35 PM

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money

Yes of course.
If we can use it everywhere it is global. In order to do that, we need a lot of applications and availibity in real life. Haha. Just come and support all the projects you like to make it happen.

BulbaLord

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Quote from: Tosin12 on February 24, 2018, 05:40:35 PM

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money

Well in my opinion i think can cryptocurreny become universal because and we know bitcoin is global and legal but some country not yet legal. And bitcoin can use payments like physical money sometimes use in online payments.

mrcash02

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Quote from: Ctn on July 01, 2018, 02:56:20 PM

Quote from: Tosin12 on February 24, 2018, 05:40:35 PM

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money

Nope. It does not have that kind of characteristic which it should have if it has to be global legal tender. Plus being decentralised it breaks all the rules of government and regulatory bodies by not working within single perimeter. It works over public ledger so its difficult to regulate it. If you try to regulate it then it can no longer be the same as you see it today. In addition to this if you see the prices then they are always fluctuating one and there is no way to stabilise them and thus its almost impossible to use it for daily life and may not be accepted as it is for global use.

Crypto-Currency is unstoppable, at some point it will be used like physical money is used nowadays. The decentralization isn't a must, there could be centralized Crypto-Currencies created by governments to be used on their countries. So they could regulate and control it easier. Now some countries started studying this new technology and sooner or later they will develop something related to Crypto world to benefit themselves, keeping the financial system centralized.

gowobonyok

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someday surely can, but still in online transactions. to do offline transactions using crypto as a means of payment, it will be difficult to happen. paper money will remain the main currency.

pivxmen

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It's impossible. all must know the purpose of the bitcoin. bitcoin is used for investment and not used the currency used such as the eyes that in each country. all countries must reject it.

verziagra

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If it could happen the crypto market will likely improve and grow rapidly. everyone will buy crypto because crypto as needs like the fiat used every day.

chrisculanag

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I think he can be like fiat, but he can not change the fiat because fiat is a lot of use not like cryptocurrency. And remember some other countries has low in internet connection that need to transact in cryptocurrency . Means fiat money is very useful in many aspect than crypto that you need connectivity to transact.

celakkenyang

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I think it is very difficult. every country has its own rules and currencies. already set in law to use the currency of the country to make transactions. bitcoin is only used as an investment only.

bowals

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we are almost there, let the air of uncertainty clear and the sky would just be the beginning

owmivmen

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There are already implement in some countries such as Japan but not maximal because fiat is still used to transact. possibly in the future crypto will be used as a legitimate currency.

Idrisu

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Cryptocurrencies is going to be the future of our financial system and we should expect bitcoin to be the major determiner of the future' monentry policies. The market is bright and I think people will should start using bitcoin to do offline's transactions. Cryptocurrencies been use internationally will reduce inflation and others financial issues.

Topic: Cryptocurrency - page 15. (Read 3524 times)