Topic: Do you think cryptocurrencies have the potential to overtake regular currencies? - page 10. (Read 4091 times)
February 14, 2018, 04:33:38 AM
As of now Bitcoin and all the cryptocurrencies is considered as a commodity like gold, this would soon be accepted as a legal tender in future. Just for your information that Dubai have given licence to one of the worlds famous trading shops for bitcoin exchange. This is one of the positive note for all crypto fans and in future each and every country would adapt crypto step by step for sure.
February 13, 2018, 04:36:00 PM
All types of government are established for one common reason; which is to control its people to put things in order. Decentralized cryptocurrency to replace fiat basically defeats the said purpose. I think they'll do everything in their power to have control over it, the least, regulating it perhaps or worse, completely banning it, just like in some countries.
February 13, 2018, 02:56:56 PM
yes cryptocurrencies have the capacity and the potentials to replace regular currencies ,but it all boils down to the ability of crypto stake holders to lobby the financial world ,getting backing from goldman sach and having a foot print in wall street.making pack with major world governments and few emerging economies.everything is possible ,it has to be about negotiations ,dialogues and some compromise from crpto stake holders for the big picture to stand.
February 13, 2018, 11:01:13 AM
Well i don't think so that cryptocurrencies can replace regular currencies because crypto don't work offline. It only works when there are internet connection or in online but regular currency works even offline. Aside of that crypto are decentralized and the government would not allow the decentralized system to take over their centralized system, the one government can control and also the central bank of each country will not allow this to happen because they have a big contribution through paying tax, unlike the cryto they dont have any taxes and they even dont know to whom they will collect the tax of it.
February 13, 2018, 10:53:05 AM
Would banks and governments actively work and implement countermeasures to undermine this process? Are the underestimating the potential of cryptocurrencies by investing in some of them?
Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
Yes, it is possible to replace cash with cryptocurrency, but it will take a long period of time to happen. If all of the countries around the world follow other first countries who ban bitcoin then it is also possible to freeze cryptocurrencies. Right now some countries regulate bitcoin because lots of people investing on it and not at the banks, if people forget banks then it affects the economy of the country that's why some countries are intimidated by cryptocurrencies.
February 13, 2018, 10:19:48 AM
Would banks and governments actively work and implement countermeasures to undermine this process? Are the underestimating the potential of cryptocurrencies by investing in some of them?
Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
In terms of security issue traditional currency will be ahead from cryptocurrencies. It was so cliché that Bitcoin is not regulated by the government, for these reason they have no responsibility about returning the possible losses of your money in the web.
While when we talk about transaction issues, virtual currency will beat traditional money for it can process a lot of transactions in every single second for it runs through the internet. The downside part in Cryptos is that we have no papers, especially in investing that serves as the proof to regain possible losses unlike in banks.
In conclusion, cryptocurrency and traditional money have a close match in different aspects.
February 13, 2018, 09:39:51 AM
Would banks and governments actively work and implement countermeasures to undermine this process? Are the underestimating the potential of cryptocurrencies by investing in some of them?
Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
i think so,because as of these days more and more people has using bitcoin as thier transact money for thier business and more country now has accept bitcoin as one of thier currency.Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
February 09, 2018, 12:04:24 PM
Would banks and governments actively work and implement countermeasures to undermine this process? Are the underestimating the potential of cryptocurrencies by investing in some of them?
Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
Cryptocurrencies can be a threat to fiat currencies if and only if the drawback of not being able use cryptocurrencies during offline can be addressed. Because we know, no internet connection, no cryptos.
February 09, 2018, 09:18:40 AM
That could be possible to happen in the near future as days goes by we are entering the digital age that means even the regular currencies that we use will be digital as well. So time will come that crypto currencies will replace the regular currencies.
Digital currencies doesn't mean it will adopt the model or concept of crypto currencies, since the blockchain is designed to be decentralised, government will hardly regulating their own coin mainly due to the system they use, instead, they will make a new ones that suits their regulation pretty well. The age of fiat or traditional money is obviously will over, the digital currencies will replace it. But what the digital currencies might be, no one knows.Just see the result when the time comes, though, cryptocurrencies still facing so many problem some of them are scalability and security (end-user).
February 09, 2018, 09:11:05 AM
Would banks and governments actively work and implement countermeasures to undermine this process? Are the underestimating the potential of cryptocurrencies by investing in some of them?
Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
I really think and not thinking only but i really observe and found and that is what is happening now that most of cryptocurrencies now is highly overtaking our regular or normal currencies. Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
February 09, 2018, 08:47:03 AM
Would banks and governments actively work and implement countermeasures to undermine this process? Are the underestimating the potential of cryptocurrencies by investing in some of them?
Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
i think so,because as of these days more and more people has using bitcoin as thier transact money for thier business and more country now has accept bitcoin as one of thier currency. Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
February 09, 2018, 08:29:35 AM
That could be possible to happen in the near future as days goes by we are entering the digital age that means even the regular currencies that we use will be digital as well. So time will come that crypto currencies will replace the regular currencies.
February 09, 2018, 07:07:49 AM
I do not think that bitcoin can be considered a substitute for conventional currencies, since everyone uses it as an investment asset. I think the state equates him to such an asset as gold.
Not yet, since bitcoin cannot be used to buy anything in my country but that is going to change as time passes, it will not be a complete substitute for most people but for people in the forum that have held bitcoin or a long time there is the possibility that bitcoin in the future will become the only currency they use and they will be able to avoid fiat in all its forms, that day is very far away but chances is that will become a reality in the next decades. February 06, 2018, 06:53:05 PM
I do not think that bitcoin can be considered a substitute for conventional currencies, since everyone uses it as an investment asset. I think the state equates him to such an asset as gold.
Not yet, since bitcoin cannot be used to buy anything in my country but that is going to change as time passes, it will not be a complete substitute for most people but for people in the forum that have held bitcoin or a long time there is the possibility that bitcoin in the future will become the only currency they use and they will be able to avoid fiat in all its forms, that day is very far away but chances is that will become a reality in the next decades. January 31, 2018, 04:19:57 PM
Would banks and governments actively work and implement countermeasures to undermine this process? Are the underestimating the potential of cryptocurrencies by investing in some of them?
Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
Im not sure governments are going to happily accept bitcoin as a replacement for their fiat currencies. You have to ask yourself: why? what do they win doing that?
Quote
I see bitcoin as a neutral asset like gold primarily, secondarily as a currency, and it will depend on the people using it or not. The big mistake is considering bitcoin before digital gold, because that's where big blockers ruin everything.
they only be digital assets not like fiat currencies has hard copy.
January 31, 2018, 07:30:14 AM
Would banks and governments actively work and implement countermeasures to undermine this process? Are the underestimating the potential of cryptocurrencies by investing in some of them?
Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
Im not sure governments are going to happily accept bitcoin as a replacement for their fiat currencies. You have to ask yourself: why? what do they win doing that?
Quote
I see bitcoin as a neutral asset like gold primarily, secondarily as a currency, and it will depend on the people using it or not. The big mistake is considering bitcoin before digital gold, because that's where big blockers ruin everything.
they only be digital assets not like fiat currencies has hard copy.
January 31, 2018, 07:18:37 AM
No, not at this time. Its very far from reality that this will might happen in the future. Maybe cryptocurrencies are so popular and some of them can be in paying in some goods and services but most of the people prefer fiat than e-currency. One factor to consider is thay not all the people in the world can gain acces in the net and nit familiar with this alts. But this possibility might happen but we need to wait it for very long time.
January 31, 2018, 06:32:23 AM
Governments is concerned about decentralization and banks is concerned about peer to peer, due to these concepts of crypto currency they are opposing it. Banks cannot directly ban and it is convincing the governments giving false information about crypto and trying to take a step to ban from government. If the government is really think of the welfare of people, then it should accept crypto currency.
January 21, 2018, 10:48:13 PM
I think so..since Fiats depreciate in value and cryptos appreciates day by day..
And more business are ready to accept crypto currency and more ppl tent to learn and hold crypto day by day..
With the increasing demand and new projects by block chain
World will be more used to crypto currency worth the value appreciates..
And more business are ready to accept crypto currency and more ppl tent to learn and hold crypto day by day..
With the increasing demand and new projects by block chain
World will be more used to crypto currency worth the value appreciates..
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January 21, 2018, 10:11:25 PM
Would banks and governments actively work and implement countermeasures to undermine this process? Are the underestimating the potential of cryptocurrencies by investing in some of them?
Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
Im not sure governments are going to happily accept bitcoin as a replacement for their fiat currencies. You have to ask yourself: why? what do they win doing that?
Why would governments replace their currencies, which they control, for a currency that nobody controls? It makes no sense.
I see bitcoin as a neutral asset like gold primarily, secondarily as a currency, and it will depend on the people using it or not. The big mistake is considering bitcoin before digital gold, because that's where big blockers ruin everything.
maybe we could see bitcoin as a neutral asset like gold as gold is not used as a new currency too and I think bitcoin function until now is like gold. but crypto still has potential to overtake regular currencies only if the paper money is gone and the government decides to use digital currency as the new payment system and I am sure that if the government follow the technology, then they will use technology for their own benefit to create something that they could control.
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