Topic: Help of cryptocurrency in globalization. (Read 438 times)

If you have nothing to eat, then you will not care how easily you can send your cryptocurrency to another person.
First of all, you will think about where to get food. While people do not go to work - they do not receive money, but continue to eat and consume life support products, as well as pay rent.
If people do not have their basic needs closed, they will not give a damn about everything, including cryptocurrency.

Does that not seem too much of an ideal honest people doing honest transactions theme? In other words, it will be not completely that way. Surely blockchain keep the ledge public and money laundering is somewhat prevented, but black market deals are always happening and crypto has been used as a method to avoid taxation and launder money. So it is not ideal and there is nothing currently being done about it. Maybe law enforcement to some extent is working on methods but thats a long story now.

Globally the use of bitcoin is still limited to certain countries. It will take for that to increase in number.

Globalization has been existing already even before but if cryptocurrency will also be legalized in the whole countries, this will definitely add for more globalization. Transactions will be uniform through internet access and those money laundering will be minimized already because we are already in charge with our own finances.

For me I would say that crypto currency is something else on its own. There is already that freedom we need, anyone that wants to make use of cryptocurrency can use it whenever they want and they wouldn’t be questioned about it, unless it’s declared illegal in your country; even if it’s illegal in your country, you can still buy it and store secretly and nobody will know that you have Bitcoin, that’s the good thing about it.

People only get to know that you have Bitcoin if you let them know about it or if you’re the type that’s buying from exchanges, they will know about it since they have every info. Cryptocurrency has already brought globalization, you can send money to anywhere around the world to anyone, at anytime you want. That’s the globalization.

We do not really need to "legalize crypto currency" in the sense that it would be the main money to be used, we are already allowed to use it, accept it, spend it in many places and even in more places we can trade it. Which means it is legalized in some sort of way. Is it the main option people use? No. But, at least it is a start.

Look at USA for example, they made it legal and even so legal that in Ohio people could use crypto to pay their taxes, I don't know if that started or even happened at all but it is definitely was a talking point for a while. Those type of things will make crypto the main option to use eventually, not now, not in 10 years but eventually it will get more and more and more adopted to a point where everyone uses crypto all around the world.

It's not for the government to decide whether they want it prohibited or not, the people will. Laws defined by the constitution are clearly stated, basic rules like no jaywalking is still disobeyed right now, what do you think the government is capable of not legalizing cryptocurrency? They won't affect that much honestly. Merchants are the one you should be educating and promoting the bitcoin to, not the government.

You know what I don't with too smart government official? They are too knowledgeable on how to get away with laws, they have counter part for anything coz they studied it. But I still believe there are ones who are true to their work.

Maybe that is their reason not to legalize cryptocurrency. But I am sure that soon, the government will legalize crypto so their people will have a new payment system besides fiat that they already used. I can imagine that when I buy something in a local store, the officer will ask me what you want to use to pay? Crypto or fiat?

We see that corruption is happening in all countries because the officials want to have money from any sources. But believe me, there will be honest officials that will work for their job, and they will always serve people better than others.

The government is not ready to legalize cryptocurrency because they are not ready for a decentralized system, which the government cannot control like a fiat currency. indeed this will be a different matter in different countries. when developed countries are ready to use it, many developing countries still have problems with money laundering in their countries, so this is very risky against corruption by officials

Globalization is used in different terms for many different subjects. Just to give an example that has been accepted all around the world, mcdonalds is a globalization example, it was just an american company that sold burgers in USA yet right now almost all nations do have mcdonalds, even Russia who was at both literal and cold wars with USA has mcdonalds now, kind of saying like "we would like to kill you, but we will welcome your companies" type of situation.

Crypto could still be labeled as globalization but it is also in different terms, such as being able to send/receive payments all around the world as a person, you do not have to work for people around you anymore, you can work for everyone around the world now, but that is not really exactly the same thing.

How can we achieve globalization if we can't promote mass adoption in our own country? The only hindrance here is the government that is against the use of cryptocurrency. Your definition of globalization is not enough, it is a process where you have communication or connection between companies, and authority, a process where trade and investments are manipulated by information technology. It is hard to achieve if will not make any contribution or action so that the society will understand the advantages of cryptocurrency to our community. It should've start with us so that the people who surrounds us and our environment should adopt and become knowledgeable about the use of cryptocurrency for investments so that we can achieve the globalization that we are rooting for.

   It's not difficult to say, for me it's simple. Functioning depends from connections, better connection will lead to better functioning. In the
past everything was connected with paper! Someone wrote something, that paper travel here and there.. and that was good for some time,
now with this population paper is obsolete. Internet is here, but what else can give you security, speed, and some kind of privacy other
than Blockchain? Nothing!
   Blockchain is good for people, all people! But that means it's not good for governments and banks, they will lose power and income if
we start using something that they can't control!

Lightning Network did its job right.

But there are those people that are not planning to use it as something like a connection to other people economically or socially, they want to earn a good profit in the future. People kept on holding and holding if that continues, I think we will not be looking at a good improvement in the future since it will be developed to be an asset and not as we think it is.

With the help of cryptocurrency in globalization it is very effective and the crypto market itself will reach its peak of further development You are right that it is much better now that the knowledge technology of the globalization world and blockchain technology with the world market will make Bitcoin transactions much easier. Bitcoin users can easily set prices by joining different companies.

It might not actually. But things are optimistic if you look into the IT farms and the Banking sector embracing development of blockchain and implementing it for their services. Soon enough the banks will become the pioneer in blockchain tech, unlike what the bitcoin users here think, in other words, the tables will turn in favor of the banks.

These things are present with any new technology or method that is under development. The good thing is that tech companies work on them and try to modify things into working with speed, security and stability. Gradually we will see development and which if for the good.

Not all business are physical products, during this period you could literally see that netflix probably saw an increasing number of users, I do not have that data, we don't know exact number of users netflix have, it gets reported time to time but there is no live data as far as I know, but I am sure it increased all around the world.

Netflix "eventually" will be affected by this because they can't shoot any more new movies while we have corona so they will have to wait, but they could simply buy the ones that was made before and pay them instead as well. So, long story short if you have digital product and you have crypto currency, you can live like there is no corona for your business, it will not affect you. That is the power of crypto, allows you to live a different life.

Each countries have their different point of views or perspective about cryptocurrency and we can do something about it. Continuous promotion of crypto is useless if we don't make some actions in when the government can notice its benefits in the economy and to the community. We also need to practice proper manipulation of crypto so that people will really see the advantages of crypto in our life. If you handle your cryptocurrency wisely, it will reflect into your personality and people will really see that cryptocurrency can influence one's life. Also the government should notice the advantages of crypto in many transactions and how it moves in the market.

In China and US, they allow cryptocurrency that's why their economy is stable and slightly improving and you will notice that their markets are also in a good state. It is possible that crypto especially bitcoin will make a great impact to globalization after it reaches mass adoption around the world. It just needs support and recognition to those who are using it and to those who change the way their mind thinks when they talk about investment and profitability.

this isnt about the virus anymore but what we are dealing here is crypto alone . sure virus cause countries to lockdown but cryptocurrencies are online and being online means it is accesible and transferable wherever you are in this planet .

globalization in monetary system is possible via the help of cryptos and its now happening  and the virus issue causes this process to speed up because like i said earlier there are now lockdowns and quaranties too which disables people to do local transaction just to send or recieve money

Yeah, disgusting how this globalization has made it possible to travel around the world, buy things from anywhere, cheap stuff from China and expensive cars from Germany with ease, how supermarkets are stocked with food you've never seen before, you can go and start a business in a different country within days, truly disgusting. We should all barricade ourself in ouy fortress cities and slay every foreigner that has the courage to come to the gates.


The refugee crisis is because of war, not globalization.
Trade wars are actually the opposite of globalization, what we need is free trade.


Because it's easier to deal with stuff.
For most of us the Euro was a blessing, imagine traveling 1000 km and having to switch between 5 currencies, buying stuff from 50 km and having to convert, selling it 50 km north and convert it again in a different currency. Not to mention how easy is now with SEPA transfers.

This" globalization " that you advocate so much is disgusting and should stop by now.
You can see for yourself what it has led to. From problems in the market due to the influx of China, trade wars to the problem with refugees in the EU and  USA.
Why do you need a worldwide universal currency? Just tell me for what?
Well, yes, a good example of the widespread use of crypto is Iran and Venezuela. If practice is the criterion of truth, then we get that the crypt can fully live in a place where the economy has fallen into total decline - because such a good and globalized world decided to disconnect the country from all payment systems or failed to teach its global neighbors the history and the fact that you can not always just sell oil.

The virus forces us to close our borders. The losses incurred by the business during the pandemic will be huge.
These processes will greatly harm globalization because we will roll back a few years ago. It is not known how the virus behaves mutating several times.

Well, globalization aims to make a borderless world where anyon and everyone can connect with each other be it economically or socially. Cryptocurrency is one of the many that is laying the foundation to bridge those gaps and I think it is doing its job right.

There are not that many jobs with full time crypto salaries. Some are half fiat half crypto and some are only fiat. You have to give a salary in the form in which your workers are able to buy their groceries quickly and not be prosecuted for that.

I am not sure you understand correctly. Blockchain is the technology behind bitcoin. There is nothing called replacement here. Something new may come one day but that is still ages. Still one can keep pondering about it and never actually make any profit because they were too engrossed thinking about what happened in the future.

- As you said, crypto is creating jobs and waves across regions of the world, a lot of users and have the idea that they will use crypto in the future, this is a sign of globalization, people will have a different method of payment, a more modern payment method. And another sign to reinforce and confirm this idea, you can look at the libra coin project, a project that seems to be accepted by the government, which can be called a crypto, the group behind it is Facebook and this network covers the globe with a huge impact every day

For me, crypto can help us get job and income. Second thing I'm not agree with crypto bring globalized because blockchain do that, crypto is product and someday will replacement. There's no safe in crypto/ currency world, we should do our best to protect our asset. Blockchain make transaction faster, that's benefits we can take and manage to help economy activity. Focus on technology and make sure not saving crypto because all transaction will end with currency.

We're already communicating on a global network.
Fortunately, we can do so at least pseudo-anonymously with ease.
It will be a considerable victory for anyone around the to send money anonymously too.

nice to see a thread that is not related with corona  . what i thought is your topic related with it because you use the word help.  cryptos really need help because it seems like they are dying now but in terms of globalization , we are on that process  .

we are getting slowly on there most especially thesedays that people are crawling into cryptos and think that cryptos are like a safe haven for them because you know people are now avoiding the use of physical currencies and also the fact that cryptos are now cheap  .

As per country, there are lots of things to be organized especially in financial terms which is the very reason why most of countries are implementing such laws putting cryptocurrencies as a new added economic class. By this time we already have plenty of adoption process but for a mean time it might slow down as we are experience a shake from the world with the current situation. Bitcoin will remain an asset if we let it stay that way but it ain't if we are capable and brave enough to face the sole purpose why the bitcoin is created.

Hope the majority of the government will do it, make it legal but also have their own regulated digital coin but wouldn't it be their enemy? centralize vs decentralize? Controlling bitcoin won't be that easy as anonymously people are way too powerful than the government.

I don’t see the possibilities of that happening. The way I see it, things are going to remain as it is and Bitcoin will just remain an asset that will be used by those who wants to make use of it, I only hope that it is declared legal in every country so that it can be accessed by everyone.

You might be wondering why I said it can’t be adopted by the government but they can only just declare it as legal asset, reason is that Bitcoin can’t be regulated, and that’s what the government is all about – having control over everything and they won’t adopt BTC since they can’t control it. But I do think that it might be possible for them to control BTC if they join hands together, though they will never agree to that.

It is a fact that Cryptocurrency is a faster way to do transactions all throughout the globe because of its unique characteristics that is always available anytime and wherever you are with just the internet. It is also great because, the transactions made with Cryptocurrency is private and can't be traced by anyone. But, with its capability to secure transactions also comes the threat in which it might be used in unlawful acts that might be a risk to the welfare of the people around the globe.

Regulations might not make Cryptocurrency what it is in the present but, it is safer that way.

Ethereum Co-Founder Pronounces 20th Century World Order Dead
https://cointelegraph.com/news/ethereum-co-founder-pronounces-20th-century-world-order-dead

Article is great! Charles Hoskinson have a strong argument's here, and he is pretty much right about current situation and what future holds for us.

“What we are looking at right now is the unraveling of the economic order of the 20th century... Winners and losers that had certain assumptions about how power should work, how money should work, how credit should work, how finance should work, how information needs to flow. And this economy was sustainable and stable when information was not instantaneous. And when it was totally acceptable to have empires, meaning one or two nation-states being supreme above all others and establishing all the rules and regulations.”

This is true, and with internet and crypto information will flow, nobody is able to control or change information once she gets cemented in some chain. Internet and crypto together will create a new world order, where information about everything you wish to know will be available to you. We are heading towards more transparent world, and that will be good for all of us! Not just for few people who run the show and control everything. Read article, it's good and you will understand more about what is happening right now.

Cryptocurrency must give the world more confidence to be accepted. Less volatility would be ideal and so if we could say that it can help make globalization better for all who participate and without disadvantages. I have done my tests of offering to pay with crypto in some business of my locality and I have not had a positive answer so I must conclude. That it takes knowledge and good market behavior for cryptocurrencies to be accepted.

Need bigger companies want to help bitcoin and they will make bitcoin have higher price, if continue bitcoin will going down without get anything how can bitcoin have the way on higher price and keep going touch for on the top.

The trouble with globalization thanks to crypto is the simple fact that if you move money out of one country to another there are legal parts involved and so you can't do that as a big company dealing with a lot of money. However the smaller people like freelancers could take advantage of this globalization.

Like import/export company may have a trouble and that is understandable because it is a huge company that takes care of these things but a person who is a coder that works with someone in another nation getting 2000 dollars from them with crypto would probably not be a problem, there is a vast difference between those things even if the amount of money they deal with is literally the same. A trucker who gets 2000 dollars is different in legal ways compared to a coder who gets 2000 dollars for a code he writes when it comes to laws.

This is the reason why people hate it.

They thought that they could earn money here but they don't understand how volatile the market is. They thought that they could easily earn a profit but we all know there is no safe haven investment. Losing in this market is inevitable so we should also let them know that if they will be investing in this cryptocurrency or other cryptocurrencies as well, they should be ready for it.

Unfortunately I do think globalization does require one thing and that is

- approval of the government

Bitcoins is approved by many governmental bodies but at the same time it does not stop the government from putting people using bitcoins in a lawsuit and banning it in various parts.

Anything which is globalized needs to be officially represented to protect itself against these counter negative laws and regulations .

Also governmental approval is much needed . Not 1-2 government but all of them .

Today only a few people appreciated the use of cryptocurrency and some of them are making a lot of market investment with the use of it and some of the people today are making a lot of income with the help of crypto. It becomes more accessible for adapting towards the future because we are making the transaction online. After all, it is faster and secure. If we are trying to seek the benefits of the cryptocurrency it is better than the traditional way because also today we are facing some problem like the virus spreading and now one of the most popular payment is through online because we are now avoiding having contact with the use of the objects like the money. Also, we can make a lot of profit and income with the use of cryptocurrency and that was a good thing about this but always make sure make a research and study to avoid losing money because of the market volatile.

I think this depends on the country that we are talking about.

Despite Bitcoin known throughout the globe, there are still those countries that banned Bitcoin and other cryptocurrencies. And we've already done this, I remember talking about this 2 years ago, seeing it right now really brings back memories.

what i am surely believe is there are no people that against having cryptocurrency instead they are just afraid for some reason that they don't really know what this cryptocurrency is all about.
but yeah this my country can be globalized by this market,and it is starting now because of the advantage of crypto,many of my countryman are now entering this investment and for me?this is what people need to know for us to finally get adopted by the world.

Well said mate, yes there is so many advantage of using cryptocurrency in exporting and importing goods, like it makes the transaction faster, but of course there is also disadvantage with that, the money online is more valuable of being stolen, there are so many hackers and scammers in this virtual world, there are so many professional hackers that even the most secured website are being hacked by them. I hope that if cryptocurrency will be given a chance to use in transferring money in different country when exporting and importing happens, it should have full security, our government should have so many experts in data security, to avoid hackers.

One thing that can be disadvantage of bitcoin is, there are still so many countries that are not evolving or those who cannot adopt to the emerging technology, so by that, they cannot follow the transactions because they are not known in terms of cryptocurrency.

Every technology has its other side like being misused by the bad actors but the thing is whether the advantages outpace those activities is the big question. Being the exporter what is your view if some escrow provides the collateral security for both the exporter and importer would it do good.? I heard some blockchain companies working on those because it seems to be less time consuming and easier in all respects when compared to traditional route but what do you think as challenges in this method over the traditional routes.?

Well said mate, bitcoin is the best currency to use when we are going to export or import goods and stuffs, bitcoin can be used in payment to make the transaction faster compared to the use of fiat currency. If all the countries see the benefits of using bitcoin then for sure they will understand what we are saying, bitcoin can really helps the economy, it can be alternatives in the fiat currency especially as of this moment when COVID-19 is continuously spreading all over the world.


Actually that borderless thing is not really true, because there is still unfair treatment to each everyone in our land, the government treat better those who have higher status in life compared to those not. There are still so many people hungry, lack of help and lack of attention from the government.

I feel these two different words which do not have any direct correlation. Maybe a single mode of payment unifies people from the globe. So the second phrase is more correct.

There are other digital payment systems too. Bitcoin got its popularity from the price changes that were huge in terms of dollar cost. The there were the bad PR of bitcoin being used to fund wrongdoings, even though fiat has always been used in the same manner.

It is still a long way from globalization and this is a longshot idea but possible.

Yes you are absolutely right cryptocurrency is so very useful in trading and buy and sell because you can easily buy what you want using bitcoin and you can also trade faster and it so very useful in our country and in our daily lives you all need is to mined it or invest for it

I, as an exporter, would be very happy if payments could be processed using bitcoin, which means my cashflow will get better. It's just that this can be done if the exporter and importer copy trust each other. L/C (letter of credit) remains the safest choice in export-import transactions, especially with large transaction value.

Cryptocurrency will not help globalization, because crypto in globalization is only an object, not a subject. The phenomenon of globalization and integration of the world economy has made our world increasingly borderless. With the assistance of the development and progress of information technology, many countries and individuals are becoming increasingly connected with one another globally. Cryptocurrency without us denying indeed facilitates cross-border payments but some individuals can also be misused for cross-border funding. so it all depends on the commitment of individuals, groups, and countries.

Well said mate, different transactions of cryptocurrencies are much faster than the fiat currencies, so if the country will accept the cryptocurrency in their land, then for sure they will be globalized as soon as possible. If all the countries will see the benefits of having cryptocurrency then for sure they will become a better country, just like what New York did, they plant a generator for crypto mining machine which is really worth it because they are now earning for 50,000 USD everyday, that is so big they money that they spent for planting the project is really big but it is worth it because of the earnings they may have everyday, and for sure it will be bigger soon because it is still new.

Yes it really does help globalization more visible, in terms of trasferring money from any country to another country it really does exceed the capability of what fiat currency can do, it will connect businesses across the country more easily and more faster but of course everything has its weakness and the weakness of this is i think it has a low chance of transferring of the influence of cultural knowledge or what we called social globalization from one person to another coming from different countries but in a nutshell it really does help globalization but not all parts of it.

I guess it doing that already? Think about it, thanks to crypto currency money could move from any nations to any nation and any person to any person without limitations. If I want to send you 30 cents from Uganda to china, how easy it is do you think? I am pretty sure I really can't do that. However using some currency that is small (not bitcoin) like waves or tron or whatever I can send you 30 cents in less than 30 seconds and that's it.

So, as you can see I have always called crypto the "internet of money" because it is bringing people together and it is making a global currency right now. It may not be used as much as we would like to but it is certainly used a bit and that is certainly getting more and more common as well eventually leading to crypto being the most preferred country to country money transaction method for sure.

The thing I like the most in the cryptocurrency is the globalization it offers mainly in the cross border payments which is very costly right now which can be done in one-hundredth of the traditional means and as you mentioned payments during the export of goods which is hectic and highly dependent on time-consuming banking system which can also be easily overcome with the cryptos in just minutes

Well said mate, but I think money is power, and bitcoin is money, so basically bitcoin can really help different countries to be globalized and bring them under one umbrella, a strong relationship between different countries is really important because that is what we can get if our country is globalized enough.

Russia, India, China and US are strong and powerful country, they have so many population in their land, and as we all know they are really advanced when talking about technology, and if I am not mistaken China and US already accept crytocurrency in their land, which is really good for them because they want their country to be powerful continuously using different cryptocurrency. which is I agree because cryptocurrency is really good in terms of fast and safe transactions.

Indeed, if every country has a time for observing and analyzing the advantage of cryptocurrency they will surely accept this in the land. There are already a lot of countries that accept it and it is really worth it for them.

If we would define globalization, it is the overall exchange of products and service from different countries with the help of technology. Blockchain and crypto can simply be an example of the advancement of technology, it is the new generation of the world's monetary system which makes things easier and more convenient. Being said, it would really be a great help for the improvement of the globalization leadong to the rise of global economy.

Amidst the differences in currency we can all be united through using the same cryptocurrency when making transactions from other countries. There will be no hustle upon exchanges that's why it is way more better for us in terms of globalization. New ways will lead to new progress.

I think OP's title is on the contrary because cryptocurrency is born out of globalization and not that cryptocurrency helps in globalization. Although in some sense, it reach out to many countries in bringing people together especially in the area of financial transaction. But I think that cryptocurrency is the benefit from globalization because people now adapt to the new or growing financial system from other countries which is cryptocurrency or digital payment system.

Cryptocurrency and even blockchain can give a big part in globalization because through this technological advancement, it helps country to have transactions internationally. It makes it easier to transact with people in other countries. And that's what globalization is all about, connecting people across the world for stronger economy. Technology leads to greater globalization and cryptocurrency is a product of technology.

Those countries that use cryptocurrency in their land is better than those who are not, I think cryptocurrency would be a big factor for one country to make their country be globalized because as we all know cryptocurrency is much better compared to fiat currencies in terms of fast, and safe transactions, it will be really good for the country to use cryptocurrency when imports and exports happen.

The thing about globalization is it makes the country innovate more things and have a strong connection among other countries, which is really good to have for every country in this world. When the country becomes globalized the goods and services will have lower costs, just like in other rich country, the price of goods and services are lower compared to other countries.

Hmm, 12 replies and nobody asked the most important question!
What country are we talking about?  

Anyhow, no it won't as much as you might want to think!
Bitcoin is a way of transferring money, for globalization you need everything from people to companies to governments to interact with each other.
The EU, for example, has been able to do most of it without bitcoin because the first ingredient was the economy and we had it in place.

For poor countries, no it will not make a difference, even if the government and the people are fans of cryptos, what you need to enter the global economy are products and purchasing power, and that's a hard thing to achieve for. Focus on the economy, grow it, grow the median income in a country and then you can think about other things, but out of the blue just because you adopt BTC nothing will change. Do you think that if countries in the sub-saharian region will drop their currencies and switch to BTC next morning by miracle electronics, cars, and planes factories will pop-up?


Globalization really started when the few European empires started conquering everything they could grab before somebody else did, and the first phase ended with the British Empire owning 25% of the world and the other few powers...well....the rest.  
It wasn't that beneficial for small countries which in most cases were crushed, ripped into pieces and shared between empires.

Well said mate, globalization started on 20th century while bitcoin started on 2009, so we don't know if this cryptocurrency gives help or contribute in globalization, bitcoin was launched first before globalization exists, but one thing for sure in the country of Philippines they are not using cryptocurrency as they are already starting to make their country globalize.

I just want to talk about the last sentence that you have said about one country goes up, one country would surely go down, I don't think so that the is the nature of globalization because there are a lot of countries that helping each other to become a better ones, they make imports and exports so for sure they benefited on both things.

Yeah you are right and i do believe that crypto currency will help to globalize our own country because just like you said that its is safer fiat currency because crypto currency can trade through computer, laptop or even cellphone and it's the fastest way to trade or buy and sell

You already said it. It "presumes" that all countries move towards each other, but that doesn't necessarily mean that it actually is true. Let's be honest here, big countries would want to expand more, develop more, and stand above others more since that indicates the amount of say they have regarding things. They don't necessarily need other countries, why? Because they can develop on their own. Globalization became a thing because there wasn't a single country towering over another, but rather multiple countries being at equals on different levels. Tbf, only those small countries benefit fully on globalization, since they can advance their country's progress quite faster but it would stay under the jurisdiction of most of the countries supporting it. They'd support those countries, but wouldn't let them exceed their own.

Understanding it is not that tough. With time you get to know some of the intricacies of bitcoin and how it works. While this is important for the developers, the merchants don't need much knowledge but they should.

Faster payments is though better with visa and MasterCard but with lightning network we might see better bitcoin usage with fast transfers. Here altcoins often get a pitch because their blockchains often remain less congested. But don't let that concept make you enter too much into altcoins

it will help because it makes transactions easier for different countries, because their currencies are different.
so using crypto will be easier not need to convert how much to pay first because crypto is connected to all fiat currencies, for example someone sells goods at a price of 0.1 btc then the buyer only needs to prepare 0.1btc no need to compare currency rates his money against the seller's currency.

cryptocurrency is indeed useful for transactions between countries, with a faster payment process, which means speeding up business processes between the two parties, so that it will speed up the wheels of development. on the other hand using it can be safer if we understand it wisely

Which crypto and when does this testing take place? If they prefer speed I believe even a less decentralized PoS system like Ripple can still handle 100 tx/s or more. VISA handles around 2,000 tx overall, so if those "10k tps" project ever made it, then it should not be a problem.


It was never its target too anyway.

People should really think this off before considering or saying up things about unity when it comes to global currency and as said not all countries or its leaders would really have similar minds.
So this kind of globalization is somewhat a dream which would hardly to become true or would happen.Being optimistic isnt bad but we should really accept the fact that it wont really
happen in the end of the day.This would just be as good as an alternative and wont be the main thing ever.

I really love your confidence! But unfortunately the leaders don't think in similar line. For them, power is more important than anything else! For example, you look at Russia, India, China and US. All of these countries are rules by such leaders who believe in achieving supremacy even at the cost of human lives. So there's no way, they will become less hungry, at least in our lifetime!

Bitcoin is just a currency system controlled by none. It doesn't have to power to bring all nations under one umbrella! 

but globalization presume all countries move a little bit towards each other. So every country should become a little less hungry for power each day and each year. So we could meet global currency one day

Even without the existence of crypto, globalization has long started within each country. Just the fact that international groups among countries have been formed is proof that each and every country is operating, or at least, wishes to operate in an international scale. Crypto can be one aspect to achieve/prosper in terms of globalization, but it's just a drop in terms of its level. But, in all honesty, operating in an international scale doesn't mean agreeing with a few countries objectives/purpose. In the end, globalization would prosper, but only based on how individual countries do their thing. And, if one country goes up, one country would surely go down, that kind of cycle. I mean, I'm pretty sure we all understand how hungry for power countries are right?

That is the most common disadvantage of cryptocurrency, hackers are hackers, they will do their best just to steal your money, they are so knowledgeable about doing that, they are really expert from stealing your personal information, so we should really protect our accounts from hackers and scammers in this virtual world, you may use different ways ti protect your account, you may use 2FA, use strong password, it is better if you add symbols on your passwords or add Capital letters on it, it will be hard for the hackers to access your account if you do that thing, do not believe some good offers from strangers, when they send you a link do not open it because it can be a scam, once you signed up then you may lose your money especially if you login your wallet information.

Globalization has started long time ago and cryptocurrencies are just one part of it. Of course they help moving the boundaries because they can be used everywhere in the world where internet connection exists. They are definetely global phenomenon that gives to modern finances totaly different dimension.
About safety and security could be discussed, cryptocurrency have their bad sides like everything else and I wouldn't so easily say that cryptocurrencies are safer than fiat money. Hackers attack, money laundering different scams and abuse show that cryptocurrencies have their own soft belly too.

I respect your perspectives and I understand how you see cryptocurrency on your own. However, cryptocurrency was already considered and tested by the big corporations and entrepreneurs already. But the cryptocurrency failed to meet the standard that corporations are considering to adopt a technology. They were concerned about the speed and the process and the cryptocurrency just failed to meet their standards.

In the other side, the Blockchain technology was already adopted and revised by the companies globally and those companies are already using the blockchain technology for their daily operations already. And for me, that is the best thing the cryptocurrency could give to the economy. IMO

Do you believe that cryptocurrency will help our country to be globalized? Or are those people who are against having cryptocurrency for our country to be globalized?

Well, we have all different perceptions regarding cryptocurrency, but for me, cryptocurrency can be a great help to make our country globalized, Cryptocurrency is much safer and faster compared to fiat currencies when we are talking about transactions because all things happen through online or internet is great compared to the real world.

If we use cryptocurrency in exporting different kinds of stuff and goods then we will have faster transactions which are really good especially when talking about economics.

I have read a thread about this thing but actually, it was already different as of this year, our economic always change so I made this thread if there are already changes in the perception of others as of this year.

This is the link related to this post.
https://bitcointalksearch.org/topic/bitcoin-and-globalization-4655347