Topic: Do you think cryptocurrencies have the potential to overtake regular currencies? - page 3. (Read 4091 times)
April 13, 2018, 02:05:58 AM
Well, cryptocurrency status is very unstable so im not sure it will overtake the regular currency. As of the moment the crypto coin is a little down. So i guess it will not out run the regular currency.
April 13, 2018, 01:07:07 AM
With the help of ICO, not only coinage scamcoins are made, but interesting startups that would not have appeared under the usual investment scheme. These projects increase the economy, and therefore collect more taxes, direct and indirect for states. Therefore, they will not banned.
April 12, 2018, 10:30:51 PM
Bitcoin has already done that, right? For example, the market cap of Bitcoin is greater than the total currency supply (only banknotes and coins) of major fiat currencies such as the Russian Ruble and Indian Rupee. In the future, it may even overtake the top fiat currencies such as the United States Dollar and the Great Britain Pound.
It is true that bitcoin is bigger than many national currencies around the world but let's be honest the benchmark is the US dollar and until bitcoin does that then no one is going to be that impressed by bitcoin, besides it is very likely that there are going to be a lot of measures taken so that day never comes. April 09, 2018, 05:03:52 PM
I believe in the future cryptocurrencies will completely replace fiat currencies!
Currently cryptocurrencies are in its formative stages with a minimal mass adoption and awareness among the general public. However, gradually with proper publicizing, better R&D , extensive use of technologies like AI, robotics, blockchainin and importantly with regulations mediated by government-backed agencies will eventually make cryptos a common thing on a daily basis. I strongly believe that there has to be some regulations made on cryptocurrencies for its own good!
Currently cryptocurrencies are in its formative stages with a minimal mass adoption and awareness among the general public. However, gradually with proper publicizing, better R&D , extensive use of technologies like AI, robotics, blockchainin and importantly with regulations mediated by government-backed agencies will eventually make cryptos a common thing on a daily basis. I strongly believe that there has to be some regulations made on cryptocurrencies for its own good!
April 09, 2018, 04:40:02 PM
Cryptocurrency has a very bright future when it comes to the issue of money.Change is difficult but there is a time coming where people will fully embrace cryptocurrency because it is convenient ,fast and save for people to use.With cryptocurrency,you don't need to carry money in your pocket around.Everything will be digital and the risk of having your money stolen will be reduced with secured wallets development unlike fiat money where an armed robber can easily attack and steal your money.
April 09, 2018, 04:32:11 PM
Cryptocurrencies can't replace regular currencies simply because crypto don't work offline where regular currency does. But Government always wins, Cryptocurrencies will be either banned or will be fully controlled by the government
You are mistaken governments do not always win, they win most of the time that is correct but they can be beaten and they had been beaten in many other issues before and due to the nature of bitcoin and cryptocurrencies I have no doubt that this is another subject in which they are going to be unable to win and the people that have the means and the knowledge will be able to use cryptocurrencies with no problem. 
April 09, 2018, 03:27:23 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?
...It is not impossible that cryptocurrencies have the potential to overtake regular currencies, because there are some other countries using it as a regular currencies, but not all countries would use it. Actually, cryptocurrencies is the best for online currency and not all goverment could able to ban of cryptocurrencies.Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
April 07, 2018, 12:38:43 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?
...It is not impossible that cryptocurrencies have the potential to overtake regular currencies, because there are some other countries using it as a regular currencies, but not all countries would use it. Actually, cryptocurrencies is the best for online currency and not all goverment could able to ban of cryptocurrencies. Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
April 07, 2018, 12:15:37 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?
Until strong regulation and taxation policy by governments, It is not possible for cryptocurrencies to become mainstream payment system, Bitcoin is decentralized and it can not be controlled by single entity, Corrupt governments will not allow decentralized payment system, They may create their own crypto 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?
April 06, 2018, 10:51:13 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 there is a possibility that crypto will replace the fiat currency. It may be that the government makes its own crypto coins, or does a tax for crypto money for state income and crypto will be legalized.
April 05, 2018, 11:23:05 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?
I think there is a possibility that crypto will replace the fiat currency. It may be that the government makes its own crypto coins, or does a tax for crypto money for state income and crypto will be legalized.
April 05, 2018, 10:27:09 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?
Government can change the status of cryptocurrency in the world. They can impose regulation in crypto and they can ban cryptocurrency in the world. Government holds the citizen, everything in this world is being manipulated by the government.Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
We can't deny the fact that government impose taxes and banned crypto not because they care about the future of the citizen and economy but they want to eliminate the decentralization.
April 05, 2018, 10:00:26 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?
Well, first, that depends on what you mean and how you expect it to happen. Do you mean by the whole countries in the world making use of Bitcoin? That’s impossible and can’t be. You don’t expect the world to be making use of Bitcoin while they are supposed to be making use of different currencies. And if you mean by every country using different types of cryptocurrencies? It’s still also impossible because they all don’t have the potential it takes to be a real currency. They are lacking lots of features that makes up a true currency, which is the conventional currencies we’re using now.Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
April 05, 2018, 09:26:17 AM
There is always a posibility that cryptocurrencies can overtake regular currencies. But in my own opinion. I think regular currencies are more convenient to use by all people than cryptocurrencies.
April 05, 2018, 08:16:22 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 don’t see bitcoin as a threat to normal currency. There is no possible way that it will replace normal currency. Bitcoin can be an alternative way to pay though since it is more secure. I also don’t think that the government will implement countermeasures to undermine this process. I think they would rather earn more money rather than ban a possible source of income. Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
April 05, 2018, 07:16:54 AM
Cryptocurrencies can't replace regular currencies simply because crypto don't work offline where regular currency does. But Government always wins, Cryptocurrencies will be either banned or will be fully controlled by the government
The world right now is always in the online status. It is never offline. The more developed we are, the more technology we have and therefore, in the future, it will be much easier for us to access the cryptocurrency network. Cryptocurrencies can never be controlled by the government even if they win the battle April 05, 2018, 05:53:42 AM
Yes it is so possible that crypto currencies can overtake the regular currencies. Actually it was already increases and had already overtake the other currencies some currencies has a higher value but bitcoin already beat the other currencies prices.
April 05, 2018, 02:55:30 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 best thing to do by the government is to study carefully crypto currency. They must its pros and cons and its benefit to the society. Crypt currency has a potential to overtake the regular currency maybe in the future. But for now maybe it is still cannot sustain all types of transactions involving money. Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
Some banks and governments like china are actually doing that already. Restrictions, bans, fuds, anything that can take away people's interest in crypto. And for now it seems to be working but for me it's it's inevitable that crypto will become a major player to challenge these regular currencies.
April 05, 2018, 01:14:50 AM
Yes there is a possibility since our technology continue to evolve. Just take for example communication.. from telegram or letters to SMS or text messaging, from telephone line to mobile and from voices to face communication. Primitive currencies talk about exchanges of goods, then came golf or silver currencies, then the gold become reserve for paper currencies and it will continue to evolve. The time is the only question here.
April 05, 2018, 01:02:02 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 yes there is the possibility of cryptocurrency taking over the regular currency around the World. Maybe it is not now and now it is not yet seen. But I am sure in the future this will happen. I believe in the future we will all use all sophisticated technology. Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?
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