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.
Topic: Do you think cryptocurrencies have the potential to overtake regular currencies? - page 14. (Read 4078 times)
January 11, 2018, 06:41:55 PM
January 11, 2018, 06:40:30 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?
The threats are actually becoming imminent. We even now have bankers; owners, managers and workers buying into Cryptocurrency already at this time. Some are of the notion that they just want to study the markets and see how it operates and how real it is. While undergoing this studies, cash is being earned and kept. Within them; banks, I want to believe that they have come to the realization that the Cryptocurrency world will be a threat to then going by its sustenance on the blockchain too.
January 11, 2018, 06:27:42 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. January 11, 2018, 06:17:49 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?
Bitcoin has the possibility to overtake some of the weakest currencies, it is not going to replace the dollar or any other big currency like that but it could replace the currency in countries with a lot of economic problems that are not very significant for the world economy. Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
January 11, 2018, 05:19:12 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?
No and no. Cryptocurrencies will be used alongside FIAT unless governments decide to create their own centralized blockchain-based 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?
Governments would never replace a currency that they control with one that they don't.
You have a point there. The current state of cryptocurrency now like using alongside fiat is enough, you see the government doesn't ban nor legalized it but we make money from it. Plus who the hell would replace their fiat with a doubtful currency I mean they have a doubt in cyprtos.
January 11, 2018, 02:55:49 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?
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.
January 11, 2018, 01:29:46 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?
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.
January 11, 2018, 12:45:03 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?
Nope not gonna happen even for centuries. This is called cryptocurrencies, it s.anpnymous hard to tracked maybe cant be. If it were to happen it would be absird and pure idiocy. All crypto's cant overtake any real/state currency but the price however it has the legality and full potential to be spend.Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
and then we have recognized internet as a primary needs in the last 5 years. the potential are there but not for soon.
January 11, 2018, 12:14:11 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.
January 11, 2018, 08:35:06 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?
No and no. Cryptocurrencies will be used alongside FIAT unless governments decide to create their own centralized blockchain-based 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?
Governments would never replace a currency that they control with one that they don't.
You have a point there. The current state of cryptocurrency now like using alongside fiat is enough, you see the government doesn't ban nor legalized it but we make money from it. Plus who the hell would replace their fiat with a doubtful currency I mean they have a doubt in cyprtos.
January 11, 2018, 08:22:07 AM
I think yes cryptocurrencies have potential but our government will not legitamate this because there is no taxes included in this cryptocurrunecy. I think our worst scenario, if the government ban the cryptocurrencies. It is hard to overtake regular currencies because this our past and the present currency, all of this has a big process to be one of currency. Let us be happy to our cryptocurrency and not to worried that.
January 11, 2018, 07:59:27 AM
it is impossible. because the regular currency is the legal currency for use transactions while crypto not all countries can accept it anyway ordinary currency is easier to be used instantly by everyone in the market. while crypto not everyone can use it because of the limitations of technology and their knowledge about this crypto.
Limitation is actually going to be a problem for now, but looking at the future, when some old folks have been wiped out, we are definitely going to end up seeing the possibility of some overtaking which I would not be surprised anyway as people keep seeing the main reasons why they should be holding bitcoin in the long run due to the level at which it is going to be extremely useful. January 10, 2018, 11:32:26 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?
Nope not gonna happen even for centuries. This is called cryptocurrencies, it s.anpnymous hard to tracked maybe cant be. If it were to happen it would be absird and pure idiocy. All crypto's cant overtake any real/state currency but the price however it has the legality and full potential to be spend.Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
January 10, 2018, 09:49:48 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?
Yes they will and planning to operate a large scale regulation about something like this. It is a matter of saving and earning yet the goverment want to hold and regulate the abnormal size of people who uses it and gain and incredible amount of money. If such counterparts were to be implemented huge value will surely be compromised. Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
January 10, 2018, 09:43:48 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?
The answer is clear and short- "No" and the reason behind it is that government will never allow cryptos to overtake their legal currency.Why would they ever allow because they dont want to loose their control over fiat and make uaage of digital currencies.Crypto will be used side by side but not in place of fiat which remains forever.The government can make its own blockchain based currency(they might make or might not) which can be used but we cant predict future. Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
January 10, 2018, 09:31:18 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?
I just don't think so, I'm quite positive about it. The thing is the regular currency is too old for us and I think that if we keep on using it, then there will be no growth from what's happening now. I really like the fact that the cryptocurrency is changing the world for the better.
January 10, 2018, 07:16:32 AM
Bitcoin and other cryptocurrencies will remain to be the currency of the internet if governments will continue its restrictions and will not allow any virtual currency to be use publicly. So it is not possible for the virtual currencies to overtake any regular currencies. If the banks and other financial institutions support the use of cryptocurrencies, the use of these virtual currencies will grow and the chance to overtake the fiat currency is high.
Bitcoin doesn’t have the potential to become a real currency, cause it lacks the qualities of conventional currencies. It is only used online, with no physical form. It is decentralized; conventional/regular currencies are not decentralized, and if it happens that Bitcoin will become a currency, it will only be used by a particular country and not the whole world. January 09, 2018, 05:50:54 AM
Since most of us are still very dependent on bringing and paying with physical cash, then I think it will be a while before we can fully adapt yo digital payments. Some countries also don't have the means or technology to go full digital at this time either.
January 09, 2018, 05:49:45 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 I do believe this, and not just a potential, but a high possibility. With technology being advanced everyday, there is yearning for improvement and innovations, thus all the old systems that we have such as fiat. This is why I don't see any reasons or hindrances as to why the cryptocurrencies cannot overtake the regular currencies. It is bound to happen in the future anyways.
January 09, 2018, 05:41:34 AM
It seems that indeed the crypto currency so has a strong potential because of its advantages, benefits, and superiority, yeah it could be.. there's certainly be the government of a country that will considering it, also maybe worrying the citizens being more focused on crypto currency entirely till the country's economic system would be disturbed.
But if to thinking about the strong of crypto currency, I think in the future still will not replaced the regular currency, it will remain an alternative currency. And anyway, the government will not be easy to decide about it, because the crypto currency is a digital currency in a cyberspace that can be transacted with online only and can't be transacted with offline like as regular currency.
But if to thinking about the strong of crypto currency, I think in the future still will not replaced the regular currency, it will remain an alternative currency. And anyway, the government will not be easy to decide about it, because the crypto currency is a digital currency in a cyberspace that can be transacted with online only and can't be transacted with offline like as regular currency.
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