Topic: Future of digital money depends on smart phone technology and people's knowledge - page 3. (Read 1170 times)
October 07, 2019, 03:25:33 AM
you are not far from the truth at all, this factors you mention plays a vital role in the ability of people to use digital money, one major factor will be education, only those who are educated can be interested in knowing what crypto or digital money is all about, and how to take advantage of it, in a most remote areas where we have high population of uneducated people, this will be a big limitation, it is only when you can read that you will be able to use a smartphones, same applies to understanding a project simplicity.
October 07, 2019, 02:46:33 AM
All of us - the people present on this forum all know Bitcoin and all coin famous.
But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
Well, if you add simplification, that there is no real need to know advanced technology. Most people already know how to use a smartphone, and crypto will eventually get to the point where there are supporting features in every phone. The first step would be to regulate it, and work on tech simplification. There are already blockchain-based phones, but they did not do so well due to the lack of interest. With regulations, tech will be able to advance faster, and exposure would arrive as well. Not to mention that a lot of people know about crypto but hesitate to approach it due to the lack of regulation, which causes them to think it a scam.
October 07, 2019, 02:10:19 AM
Rather than smart phones, the future of digital currencies will most likely to depend on the acceptance of the governments. If governments would accept digital currencies, there's a high possibility of it being taught in schools to give knowledge regarding blockchain technology. And with that, it'll cause additional recognition by the people that may lead for smart phone companies to innovate their product.
I agree with you. Things will get easy if the government would accept cryptocurrency. If the government would approve the adoption of Bitcoin, it would be easy to pursue its goal as a digital currency. People really need to be informed about the importance of digital currency and must have enough knowledge of how it really works. There's still a lot to go through for digital currency but I believe that as the technology grows each day, the blockchain technology will grow either.
October 07, 2019, 01:08:12 AM
There are plenty of population people in the world who do not understand blockchain technology because they have limited source to learn and the worst too some of them do not understand how to use smartphone and OP says makes sense that useful technology cannot be optimize if people don't understand to use the technology itself so before develop it i think first of all we have to makes people aware and know for blockchain technology
October 06, 2019, 06:29:29 PM
All of us - the people present on this forum all know Bitcoin and all coin famous.
But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
I think you forgot to emphasize the importance of achieving merchant adoption first - which in essence, is a critical factor on achieving total mass adoption and without it, usage of cryptocurrencies would only be restricted to a select few and will eventually falter.But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
As with the case in my country, assuming we could have at least 5 merchant adoptions everyday like convenience stores, groceries, gas stations, supermarkets, coffee shops, restaurants.etc. which, in a span of 2 years, it might produce a vibrant crypto economy allowing the crypto industry to further flourish.
It is very important it does happen though, and we need to see more explanations and the older generation more interested in the currency and utilising it before we can ever hope for full adoption.
Great post OP, I liked that you mentioned smart-phones, I think they'll be very cruical for adoption, with how important they are t people.
October 06, 2019, 06:23:36 PM
All of us - the people present on this forum all know Bitcoin and all coin famous.
But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
Smart phones really play a big role for this new technology. There are already some phones that is based on Blockchain technology and the number of this kind of phones will be more than now in the future.
October 06, 2019, 05:53:51 PM
All of us - the people present on this forum all know Bitcoin and all coin famous.
But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
I think you forgot to emphasize the importance of achieving merchant adoption first - which in essence, is a critical factor on achieving total mass adoption and without it, usage of cryptocurrencies would only be restricted to a select few and will eventually falter.But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
As with the case in my country, assuming we could have at least 5 merchant adoptions everyday like convenience stores, groceries, gas stations, supermarkets, coffee shops, restaurants.etc. which, in a span of 2 years, it might produce a vibrant crypto economy allowing the crypto industry to further flourish.
For now such partnerships with banks and other fiat gateways couldn't be avoided since we still need cash but assuming we have achieved a full blown crypto mass adoption over a span of several years then there is no need to utilize fiat money as a medium of payment anymore and thus it would now become obsolete and useless.
October 06, 2019, 03:18:28 PM
All of us - the people present on this forum all know Bitcoin and all coin famous.
But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
I agree with your opinions. People should learn about Blockchain technology. I see some universities that try to educate students for Blockchain. Their number is increasing and that makes me very happy.
October 06, 2019, 02:49:07 PM
All of us - the people present on this forum all know Bitcoin and all coin famous.
But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
I don't think I agree with you on this to some point. If there is increase in knowledge and smart phone technology and the adoption of digital currency is poor, these will not have any relevant impact in the financial ecosystem. The future of digital currency (cryptocurrency) solely depends on how people adopt to the use of it... Adoption is the key and the determinant of the future of cryptocurrency......
October 06, 2019, 02:01:53 PM
Mobiles are only a part of the growth of crytocurrencies and digital currencies but I will admit that the easier Bitcoin becomes integrated with mobiles and having secure apps for that the more people we will attract to Bitcoin. At the moment Bitcoin is a little bit too complex for the majority of people out there especially the older generation. If we can correct this by developing easier to use software to access and store Bitcoin we should see growth in the amount of people using Bitcoin and apps should be at the forefront of the list.
October 06, 2019, 12:42:38 PM
All of us - the people present on this forum all know Bitcoin and all coin famous.
But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
In big and fairly developed countries people are already used to paying without paper money. They use their debit cards with PayPass or even apps on smartphones to perform payments. Both options are possible for cryptocurrencies. The integration of cryptos into smartphones is already a thing, and the payment system could be perfected to become useful for people. However, there are bigger issues when it comes to cryptocurrencies. These issues are related to a number of transactions the network can perform per second. With Bitcoin, this number is very low, which leads to time-consuming and expensive transactions. If we don't solve this in a user-friendly way, we can say "no" to worldwide adoption of cryptos. But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
October 06, 2019, 10:23:06 AM
All of us - the people present on this forum all know Bitcoin and all coin famous.
But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
I think you forgot to emphasize the importance of achieving merchant adoption first - which in essence, is a critical factor on achieving total mass adoption and without it, usage of cryptocurrencies would only be restricted to a select few and will eventually falter.But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
As with the case in my country, assuming we could have at least 5 merchant adoptions everyday like convenience stores, groceries, gas stations, supermarkets, coffee shops, restaurants.etc. which, in a span of 2 years, it might produce a vibrant crypto economy allowing the crypto industry to further flourish.
October 06, 2019, 09:40:46 AM
In time people know about crypto without teaching the. We always adjust to what comes mainstream without even making an effort of studying what it is. If crypto would be part of our daily life and accepted in the near future. Most likely it will be part of the curriculum in univerisites and colleges. And if it will be part of some businesses and companies would require blockchain knowledgeable employees, people will be forced or it will be in demand to have knowledge about crypto and blockchain tech. So, I think, we will come to a point where crypto will be used every where.
October 06, 2019, 09:37:10 AM
All of us - the people present on this forum all know Bitcoin and all coin famous.
But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
I think you forgot to emphasize the importance of achieving merchant adoption first - which in essence, is a critical factor on achieving total mass adoption and without it, usage of cryptocurrencies would only be restricted to a select few and will eventually falter.But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
As with the case in my country, assuming we could have at least 5 merchant adoptions everyday like convenience stores, groceries, gas stations, supermarkets, coffee shops, restaurants.etc. which, in a span of 2 years, it might produce a vibrant crypto economy allowing the crypto industry to further flourish.
October 06, 2019, 09:29:54 AM
All of us - the people present on this forum all know Bitcoin and all coin famous.
But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
This is true, the technology is very essential and very efficient to use in block chain and technology. In our generation, smart phones have a variety of uses when it comes to technology.
Also you need to verify and observe if cryptocurrency is available in your country. Security is always needed when there's a money involved.
For me we also need discipline and good decision making when it comes to digital currencies. Being wise we can help promote bitcoin in many transactions in the market.
October 06, 2019, 07:28:34 AM
All of us - the people present on this forum all know Bitcoin and all coin famous.
But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
I agree with most of your points here.But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
1. Our world is slowly becoming more and more technical based and with that, a lot of people need the skills that come with it. But the best part BTC, is that you don't need a lot of information to use it, you need a lot of information to understand it all.
2. Yep, nowadays people can't live for an hour without their phone and this is very cruical.
3. Will be hard to do, but will be good.
It was great having someone in the same opinion as me.
Perhaps let us think about how everyone can understand and create the simplest Blockchain ecosystem so anyone can use it. It's like pulling out a wallet and cashing it back to the customer
October 06, 2019, 07:26:14 AM
Rather than smart phones, the future of digital currencies will most likely to depend on the acceptance of the governments. If governments would accept digital currencies, there's a high possibility of it being taught in schools to give knowledge regarding blockchain technology. And with that, it'll cause additional recognition by the people that may lead for smart phone companies to innovate their product.
bingo . id like to add some . smartphones are not really important here but its only the people's knowledge is what matter the most . these days we can see that every single people are now owning a smartphone because smartphones are now affordable and even the not so rich people can afford and own one but ask them if they have a knowledge on crypto , for sure they will answer no . most of them didnt have any idea on what is a crypto but they are verry familiar on how to use their smartphone and on how to operate the apps and social medias
I have not figured out how we would trade cryptocurrency without computers and phones. Or maybe a form of the Internet in the future.
So for me, smart phones are still essential for cryptocurrency transactions
October 06, 2019, 07:13:41 AM
Rather than smart phones, the future of digital currencies will most likely to depend on the acceptance of the governments. If governments would accept digital currencies, there's a high possibility of it being taught in schools to give knowledge regarding blockchain technology. And with that, it'll cause additional recognition by the people that may lead for smart phone companies to innovate their product.
bingo . id like to add some . smartphones are not really important here but its only the people's knowledge is what matter the most . these days we can see that every single people are now owning a smartphone because smartphones are now affordable and even the not so rich people can afford and own one but ask them if they have a knowledge on crypto , for sure they will answer no . most of them didnt have any idea on what is a crypto but they are verry familiar on how to use their smartphone and on how to operate the apps and social medias
October 06, 2019, 06:51:03 AM
Rather than smart phones, the future of digital currencies will most likely to depend on the acceptance of the governments. If governments would accept digital currencies, there's a high possibility of it being taught in schools to give knowledge regarding blockchain technology. And with that, it'll cause additional recognition by the people that may lead for smart phone companies to innovate their product.
October 06, 2019, 06:41:12 AM
All of us - the people present on this forum all know Bitcoin and all coin famous.
But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
I agree with most of your points here.But I think the future development of digital currencies to replace banknotes or banks depends greatly on one of the following factors:
1. Qualifications and knowledge of the people. Because the majority of people today do not fully understand block-chain and technology. So if you want to use cryptocurrency like paper money today, all people have to know how to use technology
2. Smart phones - Must be integrated with technology to make it convenient for people to use
3. Simplification of cryptocurrency developers. How can people easily use like paper money.
And what do you think about my opinion?
1. Our world is slowly becoming more and more technical based and with that, a lot of people need the skills that come with it. But the best part BTC, is that you don't need a lot of information to use it, you need a lot of information to understand it all.
2. Yep, nowadays people can't live for an hour without their phone and this is very cruical.
3. Will be hard to do, but will be good.
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