Bitcoins are not safe as the fiats which have so many middleman and so many paper records of even a cent transaction
Bitcoin and other crypto coins are very much safer than any other regular currency but only when you have kept your private key safe. In case someone else gets to know your private key, then all of your coins will be compromised and that you will be left with nothing. However, investing in crypto currency is the best thing to do as it can multiply the money which you have invested. 
Topic: Cryptocurrency - page 17. (Read 3524 times)
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
It is possible, as we can see some other countries welcomed cryptocurrencies. To become it universal, just like what I said only some other countries didn't banned crypto like bitcoin and that is the problem. Everyone should unite first in terms of this aspect.Tosin12 crypto-currencies are already universal means of exchanges! They are
already legal in some countries, in future it will be legal globally!
@minajeryll that is more then possibility in my opinion. I except that to happen
in some countries slower then others, but spreading will be finished once when
crypto-currencies are legal in every country. World will unite one day under one
flag.
Xenoph0bia you talk about facts. Crypto-currencies are getting very popular, they
are easy to handle and use for anything, you store them as you like, you do not need
banks or some other services. They are profitable for people who joined I'm early stages,
I think we, people on this forum, are one of this people, we have a chance, will we use it?
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
Possibly cryptocurrency can be because as for now, I am seeing that many people are now recognizing and appreciating its worth when it comes to usage that it was already been used in some parts of the world. Since it was generally being generated and operated in an online basis, the spreading and implementation of cryptocurrency usage will become much easier and faster so the exchanges that will go through it will just take a moment and its done.
Cryptocurrency is digital form of currency that is being used increasingly all over the world. If compared with the current traditional fiat currencies system a cryptocurrency is far more efficient in terms of usage and transaction costs. The first cryptocurrency to begin trading was Bitcoin back in 2009. Sinces then we have seen numerous cryptocurrencies being created with new algorithms with longer or shorter block times and overall behavior changes to better suit a future economy.
It is extremely unlikely conceivable that digital currency can turn into a worldwide legitimate delicate like the physical cash. As a matter of first importance, cryptographic forms of money are decentralized and are not possessed by any of the world's administration.
Besides, physical cash is just valid inside its nation of birthplace though cryptographic forms of money dislike that. They are not limited to the fringes of a nation.
Thirdly, cryptographic forms of money are advanced cash and must be utilized when there is access to the web. The legislature of a country needs to give web administrations to every one of its nationals if there would be a the utilization of computerized money in such check
Besides, physical cash is just valid inside its nation of birthplace though cryptographic forms of money dislike that. They are not limited to the fringes of a nation.
Thirdly, cryptographic forms of money are advanced cash and must be utilized when there is access to the web. The legislature of a country needs to give web administrations to every one of its nationals if there would be a the utilization of computerized money in such check
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
it will be a little difficult to cover all the countries of the world, probably only in some countries. each country has a different angle of view of bitcoin, so it's hard enough for bitcoin to be universal means of exchange, because there are definitely some countries that do not approve it.
I think it is the form of replacement for the payment Gateway other online. fast and secure placed leading to the user to everyone invest more
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
There is no way possible that cryptocurrency can become a global legal tender like the physical money.
First and foremost, cryptocurrencies are decentralized and are not owned by any of the world's government.
Secondly, physical money is only tenable within its country of origin whereas cryptocurrencies are not like that. They are not restricted to the borders of a country.
Thirdly, cryptocurrencies are digital currency and can only be used when there is access to the internet. The government of a nation has to provide internet services for all its citizens if there would be a the use of digital currency in such country.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
In the future, if the world government accepted cryptocurrency, it would be a major turning point. Cryptocurrency accepted as a form of payment that can cause paper money to disappear and banks may end.Well, in means of global exchange i think cryptocurrency are not qualified to tender in physical money as valid currency towards the economic stability at this moment because government and a country has insufficient resources to cover up the lacking budget to developed in this new sets of currency.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
I don't think that's possible because we know there are various characteristics of the digital currency that the government can't accept as the digital currency has legal legality.
Are you giving idea on how to ruin the stability of global economy in a single run?
Bitcoins are not safe as the fiats which have so many middleman and so many paper records of even a cent transaction
Yes, I don`t think that world economic can evade this. It could be realized by choosing one cryptocurrency in which you could easily convert other currencies.
You are right, especially when you are a traveler which bringing a large amount of money was sometimes not allowed in other countries, so it is better to have a bitcoin exchange anywhere in the world that we can exchange for a dollar or with their local currency as possible. Cryptoncurrency is the new trend of economic of the world.
Yes, I don`t think that world economic can evade this. It could be realized by choosing one cryptocurrency in which you could easily convert other currencies.
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
In the future, if the world government accepted cryptocurrency, it would be a major turning point. Cryptocurrency accepted as a form of payment that can cause paper money to disappear and banks may end. 
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
It is possible, as we can see some other countries welcomed cryptocurrencies. To become it universal, just like what I said only some other countries didn't banned crypto like bitcoin and that is the problem. Everyone should unite first in terms of this aspect.Tosin12 crypto-currencies are already universal means of exchanges! They are
already legal in some countries, in future it will be legal globally!
@minajeryll that is more then possibility in my opinion. I except that to happen
in some countries slower then others, but spreading will be finished once when
crypto-currencies are legal in every country. World will unite one day under one
flag.
Xenoph0bia you talk about facts. Crypto-currencies are getting very popular, they
are easy to handle and use for anything, you store them as you like, you do not need
banks or some other services. They are profitable for people who joined I'm early stages,
I think we, people on this forum, are one of this people, we have a chance, will we use it?
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
It is possible, as we can see some other countries welcomed cryptocurrencies. To become it universal, just like what I said only some other countries didn't banned crypto like bitcoin and that is the problem. Everyone should unite first in terms of this aspect.Nowadays cryptocurrencies are being used only for investment and fund raising purposes but i am sure that they are going to be an alternative to cash money soon. There will be a total of three options for shopping payments. cash, creditcards, cryptomoney...
That's true, This technology of paying using digital money it developed too much in the last few years, There is a lot of people use cryptocurrencies today for different purpose, one of them, is an investment. I think there is a high percent of people who use cryptocurrencies for investment, because they feel that bitcoin price will increase too much in the future, so they take the opportunity to buy more when bitcoin price drop.Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
It is possible, as we can see some other countries welcomed cryptocurrencies. To become it universal, just like what I said only some other countries didn't banned crypto like bitcoin and that is the problem. Everyone should unite first in terms of this aspect. Jump to: