Topic: Do you think cryptocurrencies have the potential to overtake regular currencies? - page 4. (Read 4078 times)
April 05, 2018, 01:55:46 AM
I do not think that encryption money can replace fiat money, because the encryption money is dispersed, so that the government will lose their power, so the government will not let this happen. So now some governments have come up with ways to regulate cryptocurrencies.
April 05, 2018, 01:54:13 AM
It is not. These two things are very different. the regular currency will remain and remain strong despite the many cryptos that appear. Indeed many are concerned but it is not a big problem for regular currency.
April 05, 2018, 01:36:27 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?
April 05, 2018, 01:21:10 AM
Decentralization allows cryptocurrencies to give individuals more control over the digital currency and security. It has weakened the influence of intermediaries such as the global banking system, stockbrokers and clearing houses, reducing the geopolitical requirements and restrictions set by each country.
The use of cryptocurrencies has made it easier to buy goods and services abroad. No need to go to the foreign exchange counter.
That is a big relief for travelers. It had been great issue for those who love travelling for exchanging currency with the respective country they are willing to go to. Since bitcoin or the complete crypto market is decentralized and no one owns it, so people use it globally. This quality of its make it really feasible for using internationally. World in the need of a currency that could be accepted by everyone. The use of cryptocurrencies has made it easier to buy goods and services abroad. No need to go to the foreign exchange counter.
April 04, 2018, 07:59:19 PM
I think it can be for some countries that have already received cryptocurrency but for countries that have not received will be very difficult because of lack of understanding of the cryptocurrency itself
This is first comment about which I can say it is sensible one. Really, there are so many comments here and you can read them. They say, yes bitcoins would be the supreme currency and will be using all over the world and all that boosting stuff. I think we must live in a reality where people are even unaware of what all these coins are so how can they use these bitcoins? 
April 04, 2018, 05:58:11 PM
Cryptocurrency only has so little chances of replacing physical money or the currency we have today. First let's be specific, bitcoin, the number one cryptocurrency. Bitcoin is becoming powerful but not powerful enough to replace fiat. That is because, bitcoin is created to patch up the holes created by our century old currency. It is like an upgrade to the system where we can make transactions better.
April 04, 2018, 05:35:31 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
April 04, 2018, 04:44:13 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?
Bitcoin can never replace fiat currency; probably the governments will never let that happen. They will never want to lose their control over the financial system of the country. Further, Bitcoin can never have that mass adoption which fiat currency has. Also, the government will never ban them because there are some many investors who still have faith in Bitcoin. Since Bitcoin is decentralized the users do not need the approval of any authority before using it.
April 04, 2018, 07:21:17 AM
I think it can be for some countries that have already received cryptocurrency but for countries that have not received will be very difficult because of lack of understanding of the cryptocurrency itself
This is first comment about which I can say it is sensible one. Really, there are so many comments here and you can read them. They say, yes bitcoins would be the supreme currency and will be using all over the world and all that boosting stuff. I think we must live in a reality where people are even unaware of what all these coins are so how can they use these bitcoins? April 03, 2018, 02:35:17 AM
Decentralization allows cryptocurrencies to give individuals more control over the digital currency and security. It has weakened the influence of intermediaries such as the global banking system, stockbrokers and clearing houses, reducing the geopolitical requirements and restrictions set by each country.
The use of cryptocurrencies has made it easier to buy goods and services abroad. No need to go to the foreign exchange counter.
The use of cryptocurrencies has made it easier to buy goods and services abroad. No need to go to the foreign exchange counter.
April 03, 2018, 02:17:52 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?
Bitcoin will not replace or overtake regular currencies, regular currencies/paper money is on of governments tools to control their economy. All governments will prioritize their national currency, bitcoin will always becomes an alternative currency that will be very usefull for international transactions. Although there are many benefits that bitcoin giving to us right now but even it is too small to influence economy of small countries. 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 03, 2018, 01:18:14 AM
Hmmm…. I don’t really see Bitcoin as a threat to normal currencies, although I do hate the fact that some people (especially the rich dudes) can use it as a means of money laundering which is very bad. Bitcoin and every other cryptocurrencies can’t overtake conventional currencies, cause they don’t even have the potential or what it takes, and they are neither getting banned. They will stay, but as stocks meant for investment.
April 02, 2018, 02:49:00 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?
Bitcoin will not replace or overtake regular currencies, regular currencies/paper money is on of governments tools to control their economy. All governments will prioritize their national currency, bitcoin will always becomes an alternative currency that will be very usefull for international transactions. Although there are many benefits that bitcoin giving to us right now but even it is too small to influence economy of small countries. 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 just a matter of time. Digital currencies are a way better than paper money. What if all the countries introduce their own national crypto coin, then there would be absolutely zero need of paper money. Digital coins are the future.
April 01, 2018, 11:09:53 PM
Yes, it is possible for cryptocurrencies to overtake fiat - but that would take a veeeeeery long process and time as there are many considerations to be viewed by each governments primarily starting with people and their technological abilities and capacities as cryptocurrencies obvioulsy heavily rely on them.
It could but for now, no.
(If it has not been banned, of course.)
It could but for now, no.
(If it has not been banned, of course.)
April 01, 2018, 08:46:50 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?
[/quote
i think cryptocurrencies have the potential to overtake regular currencies do you even see now what is going on, that other cryptocurrencies is very much higher than regular 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?
[/quote
i think cryptocurrencies have the potential to overtake regular currencies do you even see now what is going on, that other cryptocurrencies is very much higher than regular currency.]
April 01, 2018, 07:02:38 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?
Crypto currencies is also a electric or digital currency like credit cards, to keep your money you need to deposit it to the banks so that you where not hassle to bring your money. Just like crypto currency you could bring your money by you only digital phone.
To overtake the regular currency it could wait for long year before it happen
April 01, 2018, 06:00:11 PM
I think it could but the government would surely decline it.
But maybe it would trigger the banks to start creating it"s own digital currency or some online payment,
And maybe in the future we wouldn't need cash because of it.
But maybe it would trigger the banks to start creating it"s own digital currency or some online payment,
And maybe in the future we wouldn't need cash because of it.
April 01, 2018, 04:54:01 PM
They certainly have the potential, though I really doubt it will be bitcoin that manages to achieve this. In its current iteration there are far too many flaws to allow it to compete with regular currencies, its volatility, the scaling issues and the transaction times to mention just a few. I think if it forks a few times, and the lightning network test is successful then it will be a real contender, right now, it's not ready.
April 01, 2018, 04:11:55 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?
jes they do,
the reason lies in the broken overregulated bankster system, that is run by regional gays.
April 01, 2018, 03:27:42 PM
Cryptocurrencies completely based on the internet but regular currency has impact both internet and offline. Regular currency occurs both way and that why that has worldwide acceptance. Cryptocurrencies is not accepted by worldwide. We know some of the country ban the Cryptocurrencies, and some are not interested in this currency so it is not possible to overtake regular currencies.
If the government allow this currency than there has possibility to overtake, but its quite impossible. The reason of they don’t find how this currency control completely, they can control buy implementing tax but its worldwide currency and there has no control by that country. So it can huge possibility to impact the country control by other. If the government take it as alternative currency its help also the same way and hopefully will be great for the users and also the country though there has some negative impact also.
If the government allow this currency than there has possibility to overtake, but its quite impossible. The reason of they don’t find how this currency control completely, they can control buy implementing tax but its worldwide currency and there has no control by that country. So it can huge possibility to impact the country control by other. If the government take it as alternative currency its help also the same way and hopefully will be great for the users and also the country though there has some negative impact also.
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