Topic: If the society rejected to use crypto currencies? (Read 20233 times)
Society wont reject the use of crypto currencies, but governments can and have flatout banned the use of it. Sooner or later it might go mainstream in society, but probably not in the next few years, maybe in 10 to 20 years.
This thing came up to my mind suddenly. As I know a currency is a transaction medium that majority of the people agree to use to exchange their items with them. If it is the case, if majority refused to use crypto currencies, what will be the consequences may occur ? And how it will affect to the ICOs ? Any Ideas?
Crypto will function normally only when people use it, that is, it will always be in demand. If people stop using it, it will lose all value and. will become ordinary characters that will not interest anyone. While we see that the cryptocurrency is of interest to an increasing number of people. At the initial stage, it was very difficult to prove that a series of letters and numbers based on a new technology can represent not only some value, but can also be used as a means of payment. Now we have already passed this period, therefore, it is unlikely that people, having seen the advantages of introducing settlements in cryptocurrency, will massively refuse it. Something extraordinary must happen, so that people doubt the cryptocurrency and stop using it. The implications that most of us doesn't like to happen, government interventions will be an impact if they declared this alternative currency as illegal and start to ban the system to work inside their jurisdictions, government if seriously act against this chain can ruined the whole ecosystem of this industry, the possibilities of narrow down each site and declared every crypto related sites as illegal will take a huge effect from this market.
They won't do this, believe me. What governments want is controlling of money transactions' history, from which they can get more taxes, as well as prevent potential money laundering activities from bad gangs. Over time (years, in my opinion), when blockchain technology and its products invaded deeper and deeper into human society and its operations, governments won't be able to ban all crypto, and things related to crypto. It is unrealistic ambitious objective for governments to do. In stead, they might move further than KYC requirements on exchanges. if many refuse, of course the government will start moving and will give a decision on the crypto future, whether it can be said to be legal or illegal. and if the government decides to stop crypto because of the reason for the many rejections from the public, the crypto future will disappear and that will also have an effect on ico too.
The implications that most of us doesn't like to happen, government interventions will be an impact if they declared this alternative currency as illegal and start to ban the system to work inside their jurisdictions, government if seriously act against this chain can ruined the whole ecosystem of this industry, the possibilities of narrow down each site and declared every crypto related sites as illegal will take a huge effect from this market. This thing came up to my mind suddenly. As I know a currency is a transaction medium that majority of the people agree to use to exchange their items with them. If it is the case, if majority refused to use crypto currencies, what will be the consequences may occur ? And how it will affect to the ICOs ? Any Ideas?
"a product that has no market, has no market value at all". If you are going to look at it, you can easily answer your question in the first place. If people rejects cryptocurrency, its market value will be trash and you can't even think about it be still good, but the opposite will happen, it will be thrown to the state of oblivion.
if many refuse, of course the government will start moving and will give a decision on the crypto future, whether it can be said to be legal or illegal. and if the government decides to stop crypto because of the reason for the many rejections from the public, the crypto future will disappear and that will also have an effect on ico too.
I think it can't be like that. some of the governments in the world have adopted the blockchain technology, of course governments from other countries can see the benefits of using this chain. this technology continues to grow, the refusal of one of the two countries I don't think will make the majority of users hesitate.
The key is blockchain is the future of human civilization, that has started to change the world, and might change the world more significantly. So, using crypto or not, it does not a big matter because crypto is just one of means to do transactions in our society. For this purpose, crypto plays nearly same roles as gold, cash, etc. Nevertheless, in technical aspects, crypto is different, that will be a game-changing, so I think eventually human will accept crypto, globally.
if many refuse, of course the government will start moving and will give a decision on the crypto future, whether it can be said to be legal or illegal. and if the government decides to stop crypto because of the reason for the many rejections from the public, the crypto future will disappear and that will also have an effect on ico too.
People will not refuse to use cryptocurrency because at the moment it has a good financial attachment. How can people refuse to use bitcoin ? A huge number of stores that are in the deep web will not be able to work. Namely, they make up a huge part of financial transactions.
Financial gain is important to factor for the crypto related society but there is no reason to ban the crypto projects. Bitcoin grows every day and we will hit the 10k$ next year in my opinion. Society will come back to buy the BTC again.
I know few countries will but I think 60%-80% of the society will not reject the idea of using crypto. Remember that people are also skeptic about the smartphone, cars and even the internet. Everything was slow and always a small step but look where we are now and that is now happenning to cryptocurrency. We can wake up the next the btc is already a world bank reserve.
It is not likely to happen but theoretically that would be the end for new ICOs.
The essence of cryptocurrenices is that they can reach those people as well who are excluded from financial services.
Mass adoption is the key for the success of cryptocurrencies.
The essence of cryptocurrenices is that they can reach those people as well who are excluded from financial services.
Mass adoption is the key for the success of cryptocurrencies.
Samsung will release their own coin and its show us samsung support crytocurrency. Beside samsung, others big company already involve in crypto market, if this continue i am believe mass adoption happen organically
The society can't ignore cryptocurrency for long though many are still skeptical about it but it's just a matter of time as we have already started to see many great companies embracing blockchain technology and this will be a plus for mass adoption of cryptocurrency.
Society can't ignore growing market and crypto is the future how bussiness run. I dont think people will ignore cryptocurrency because big company like samsung or investment firm already join in crypto industry. Soon or later, mass adoption will happen and many people will hold crypto as investment or any purpose 
People will not refuse to use cryptocurrency because at the moment it has a good financial attachment. How can people refuse to use bitcoin ? A huge number of stores that are in the deep web will not be able to work. Namely, they make up a huge part of financial transactions.
Financial gain is important to factor for the crypto related society but there is no reason to ban the crypto projects. Bitcoin grows every day and we will hit the 10k$ next year in my opinion. Society will come back to buy the BTC again.
People will not refuse to use cryptocurrency because at the moment it has a good financial attachment. How can people refuse to use bitcoin ? A huge number of stores that are in the deep web will not be able to work. Namely, they make up a huge part of financial transactions.
It is not likely to happen but theoretically that would be the end for new ICOs.
The essence of cryptocurrenices is that they can reach those people as well who are excluded from financial services.
Mass adoption is the key for the success of cryptocurrencies.
The essence of cryptocurrenices is that they can reach those people as well who are excluded from financial services.
Mass adoption is the key for the success of cryptocurrencies.
The society can't ignore cryptocurrency for long though many are still skeptical about it but it's just a matter of time as we have already started to see many great companies embracing blockchain technology and this will be a plus for mass adoption of cryptocurrency.
Though cryptocurrencies is highly acceptable by now but we may think also those areas where aren't have internet, equipment and even have money to used. They are absolutely nowhere about this and they'll just ignoring crypto.Anyways, they are just of small numbers and couldn't be a hindrance to make crypto development continues, and become acceptable to the community.
It is not possible for the near future for a common reason. There will be a need for cryptocurrencies and there is no way back. Crypto payments are part of the whole system and this is the best current alternative.
developer to gains of more on supports from the expends of nominal unit on exchange and more on fundamental as distinguished the distance within the modest bands of range with chance on working of evaluation.
If people don't accept cryptos then the current fiat money system will be there until a new payment sytem invention comes in the future.
Fiat money are still here even before that cryptos and other payment methods have not yet invented but now that cryptos and other payment methods are now invented fiats are still here and will continue to remain because this is the only official currency of every country while other are only for alternative use or for online use .
But chances of cryptos will be adopted in near future is high as investment if they are not refued to accept it as payment system.
The question is " if people will reject to use cryptos " , not "if people reject crypto to be use as a currency " . you cant say that crypto will be adopted as an investment tool if cryptos are already rejected at the first place .
The society can't ignore cryptocurrency for long though many are still skeptical about it but it's just a matter of time as we have already started to see many great companies embracing blockchain technology and this will be a plus for mass adoption of cryptocurrency.
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