No any country needs his own currency and economy.Look Europe and euro,rich north poor south
And lot of tensions becouse of that,cash will also stay,how many places in Europe i know where i can pay only with cash.And still best wallet is your own pocket
Topic: Do you think cryptocurrencies have the potential to overtake regular currencies? - page 13. (Read 4078 times)
January 16, 2018, 01:12:48 AM
January 16, 2018, 01:06:52 AM
I don't think so, because why governments would agree to this. It's not in their interest so far. They control national currencies and aren't interested in replacing them with cryptocurrencies.
I also think that way. Although the crypto currency is potentially, its value and its users are more than paper money, but it will only be in crypto and will continue that way.
January 16, 2018, 12:13:38 AM
When we compare the price ranging of bitcoins and traditional currencies the price of bitcoins is so higher than any asset or commodity which means the bitcoins have overtaken the price of local currency and it will be sustaining the first position in the financial market due to increased number of bitcoin user's and more demand of bitcoins. Bitcoins and all other crypto currencies are backed by the local currency so traditional currency is also required to run the crypto currency as there is no physical existence of crypto currencies, may be in the long run when all accept the internet technology and digitization, then there will not be any need for the local currency as all the transactions will be carried out with bitcoins and other crypto currency.
January 15, 2018, 11:52:46 PM
I don't think so, because why governments would agree to this. It's not in their interest so far. They control national currencies and aren't interested in replacing them with cryptocurrencies.
I also think that way. Although the crypto currency is potentially, its value and its users are more than paper money, but it will only be in crypto and will continue that way.Just only last year 2017 has made some drastically increased their value because growth of the community attracted to it. So from here onwards compared with other currency crypto will play major role in terms of currency.
January 15, 2018, 11:41:22 PM
in terms of its value sure yes on what i see now , but on having the use as fiat money ill say no crypto for me is just for the internet world and it will never be like fiat money because of government that supporting and issuing the fiat since we dont have government here to support crypto so it will never be happen to overtake the use of currency.
January 15, 2018, 11:18:20 PM
Yes i do think the cryptocurrencies can overtake the regular currencies and in fact they already did it.
January 15, 2018, 11:01:41 PM
It can overtake in term's of value. But about the legality of cryptocurrency will behind also. Currency like paper money are legally used as a medium of exchange. But talking about bitcoin it is also use to make money with a high exchange value, so therefore bitcoin is more over than paper money or it is really overtaking to real money.
January 15, 2018, 10:17:12 PM
I don't think so, because why governments would agree to this. It's not in their interest so far. They control national currencies and aren't interested in replacing them with cryptocurrencies.
I also think that way. Although the crypto currency is potentially, its value and its users are more than paper money, but it will only be in crypto and will continue that way. January 15, 2018, 09:42:47 PM
I don't think so, because why governments would agree to this. It's not in their interest so far. They control national currencies and aren't interested in replacing them with cryptocurrencies.
I also think that way. Although the crypto currency is potentially, its value and its users are more than paper money, but it will only be in crypto and will continue that way.
January 15, 2018, 09:24:15 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?
I think government will not accept any digital cryptocurrency to become our real money. Bitcoin and other cryptocurrencies are decentralized while our real money is not. Aside from that digital cryptocurrencies values are just depending with our real money so it is impossible to implement to make digital currencies as our real money.
January 15, 2018, 09:07:17 PM
I don't think so, because why governments would agree to this. It's not in their interest so far. They control national currencies and aren't interested in replacing them with cryptocurrencies.
I also think that way. Although the crypto currency is potentially, its value and its users are more than paper money, but it will only be in crypto and will continue that way. January 12, 2018, 06:16:28 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?
It could be possibility because this procedure has already been applied in many country's and why to go far, we have china as big example of that. So yes bitcoin or crypto currency could be banned if regulations think that crypto's are threat to the fait currency. Banks may or may not include the crypto currency depending on the trustworthiness of the crypto currencies. They stake the money obtained from the people and hence they will never come to know that how to operate the cryptos and it better to submit the money directly to the bank. This way people may not support the fact that crypto can be threat to the banks. They will never let it happen.
Regular currency is regulated and there inso way crypto will overtake them because its obvious that government will produce the enough money and they will never disturb the economy of the nation for the virtual currency like bitcoin or others.
January 12, 2018, 05:39:24 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.
Yes you are right here. Bitcoins are taken mostly as the source of investment and a source that is giving you much money. So it will be so hard for the people to take it as a normal currency that is just making the whole world of crypto, a simple world. Then there will be no charm of bitcoins and they will be treated just simply as cash. And I think this is just wasting a golden chance. January 12, 2018, 04:00:02 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.
Yes you are right here. Bitcoins are taken mostly as the source of investment and a source that is giving you much money. So it will be so hard for the people to take it as a normal currency that is just making the whole world of crypto, a simple world. Then there will be no charm of bitcoins and they will be treated just simply as cash. And I think this is just wasting a golden chance. 
January 12, 2018, 03:22:42 PM
I think cryptocurrencies has a high potential to overtake regular currencies someday. again someday not now. not this year, even bitcoin is so popular nowadays its not enough popular to convinced all people to have a bitcoin currency cause we all know that many people are afraid of changes. they are prepared in tangible currency so they can use it all along in public or anywhere.
I think that the use of crypto currency can be only at a certain moment and in a certain place. I think that the crypto currency will not find support in most people for daily use. You just imagine how a cup of coffee will cost if you pay for it with Bitcoin, given the cost and length of the transaction. January 11, 2018, 10:42:41 PM
I think cryptocurrencies has a high potential to overtake regular currencies someday. again someday not now. not this year, even bitcoin is so popular nowadays its not enough popular to convinced all people to have a bitcoin currency cause we all know that many people are afraid of changes. they are prepared in tangible currency so they can use it all along in public or anywhere.
January 11, 2018, 09:46:26 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?
Of course there is, and it is happening now. Just research some things about countries who banned crypto currency.
As for the battle of survival in the crypto world I think some of the hottest officials and businesses are recognizing the potential of crypto and of the block chain will continue to be developed, they have no choice to adopt in the technology of blockchain because they can't just disregard a high potential technology just because they it is a threat to them. Just accept the fact that technology is growing through time.
Countries can try but they will not succeed in banning cryptocurrency anymore than they succeed in banning piracy. That is the point of decentralization. Everyone who has a computer can be part of the system without government knowing. Tomorrow I can setup PC for mine and government cannot do anything.
January 11, 2018, 09:42:21 PM
Crypto currency is built or have existed based on a decentralised system and i guess it will stay that way forever. With that alone, i don't think the government would allow a decentraosed system to run their monetary system. Hence, crytocurrencies overtaking regular currencies would be impossible unless the government is willing to embrace the decentralized system. As with the banning, their are countries that have already banned crypto currency.
January 11, 2018, 09:28:12 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?
Of course there is, and it is happening now. Just research some things about countries who banned crypto currency.
As for the battle of survival in the crypto world I think some of the hottest officials and businesses are recognizing the potential of crypto and of the block chain will continue to be developed, they have no choice to adopt in the technology of blockchain because they can't just disregard a high potential technology just because they it is a threat to them. Just accept the fact that technology is growing through time.
January 11, 2018, 07:13:33 PM
A small possibility for the government to replace physical money with crypto money. And even if that happens then the government will apply tax laws in every transaction.
It will only happen if it's a centralized cryptocurrency but if it's not then there's no small possibility or chance that it will replace regular currencies. And it doesn't need to be there just for cryptocurrencies to imposed tax, the government can do it already and put tax to any crypto related transaction or if someone earned from it while he/she is in the vicinity of the country's jurisdiction.Jump to: