If the society rejected to use crypto currencies? - page 13.

grifinmch

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Quote from: Hammonds on October 22, 2018, 09:00:45 PM

Unconsciously, many people now refuse to use cryptocrrency.
So that now for technological progress it is very slow, especially in a cryptocurrency-based payment system.

Perhaps many believers for crypto and reasonable if the incident occurs. Crypto is still full of anomalies and many still consider this as a fraud. yet slowly when it can feel the benefit of crypto is not impossible the mistrust that exists will be a bus change. so it's probably just a matter of time just waiting for the crypto can really be accepted in society.

Hammonds

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Unconsciously, many people now refuse to use cryptocrrency.
So that now for technological progress it is very slow, especially in a cryptocurrency-based payment system.

grendel25

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Quote from: udana123 on July 03, 2018, 11:55:14 AM

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?

Without growth of willing participants and new users we would see the eventual demise of cryptocurrencies. For digital currencies to go forward and be successful there must be a a continuous influx of users. If we were to even keep the same number of participants as there are today it would just stagnate and with no new users we would eventually see decline in existing users.

I just don't see that happening. New users come every day.

keykey1

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Quote from: udana123 on July 03, 2018, 11:55:14 AM

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?

I doubt that many people will refuse to use crypto currency because it gives freedom and a new level of technology development. Just need to clear the market of shit coins.

haryatiposton01

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so far the public has begun to accept cryptocurrency, do you not know that governments in every country reject and prevent many people from using cryptocurrency?, people will realize that using cryptocurrency makes payments easier and more transparent, sooner or later the public will realize the advantages of cryptocurrency.

South Park

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Quote from: Lanatsa on August 08, 2018, 05:30:59 PM

Quote from: South Park on August 08, 2018, 05:26:45 PM

Quote from: passwordnow on August 05, 2018, 04:37:00 PM

ICOs investing rates will decline.

Assuming that the society rejects cryptocurrencies, ICOs aren't the first to be affected with it but bitcoin and that can lead to dramatic fall for its volume, price and adoption.

Even with the current interest in bitcoin the market of icos is having a lot of problems and to be honest I am happy about it, most of the coins are scams or projects released by incompetent developers and they do not deserve to receive a single dollar, it is time this attempt to become rich through icos comes to an end because it is only damaging the image of bitcoin and the market in general.

Completely agree with your point. Out of those rampant existence of scam projects it do really gives negative impact and image on bitcoin itself. It might not be directly but it would just the same story.
For now on a declining market as of this moment we would able to witness those projects who can withstand for longer and scam or shitty projects will definitely or possibly vanished into these times and only potential projects would sustain.

Thanks, I know that my opinion is not very popular because there are many people trying to get rich with those coins and a small minority that have become rich that way, but things have to come to an end, the ico market is too irrational that is why in many countries bitcoin is legal and yet investment in icos has been strictly regulated or banned.

horse_white

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If you think about how few people are actually using crypto, society has already effectively rejected it. Until it is being used widely, you cannot say that the majority of people use it. So it is in the same state because many people refuse to use it. They cannot imagine how money can just be in codes and numbers. It seems like a really alien concept to them, so they do not want to get into crypto.

Now if it somehow became mainstream (like a government adopting it) and then people refused to use it, that would be a bit of a shock.

Ciucas

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This is not going to happen, because as crypto will continue on developing, there will be so many advantages to use crypto that it would be foolish for society to not benefit from it. Anyway, right now we have made big progresses since 1 or 2 years ago, and we will continue to make progresses in the next years as well.

solarion

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Quote from: berezov_petro on August 09, 2018, 02:12:38 PM

Quote from: udana123 on July 03, 2018, 11:55:14 AM

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?

I think if society rejects the crypto currency then it will have a very bad effect on the crypto market and on the ICO. It seems to me that society has not yet understood how useful it can be to crypt the currencies.

That is not bad effect of crypto currencies. actually you will find the growth of the bitcoin even the people not believing the crypto currencies already we have enough investors for cryptos dude. Then if society rejected means they will only not getting the profit with the power of bitcoins.

Whoever reject is not doing with the help of learning what they have done it.
It is happening due to the regulations and fake news which is been shared on this world, people are only supporting us.

berezov_petro

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Quote from: udana123 on July 03, 2018, 11:55:14 AM

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?

I think if society rejects the crypto currency then it will have a very bad effect on the crypto market and on the ICO. It seems to me that society has not yet understood how useful it can be to crypt the currencies.

passwordnow

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Quote from: South Park on August 08, 2018, 05:26:45 PM

Quote from: passwordnow on August 05, 2018, 04:37:00 PM

ICOs investing rates will decline.

Assuming that the society rejects cryptocurrencies, ICOs aren't the first to be affected with it but bitcoin and that can lead to dramatic fall for its volume, price and adoption.

Even with the current interest in bitcoin the market of icos is having a lot of problems and to be honest I am happy about it, most of the coins are scams or projects released by incompetent developers and they do not deserve to receive a single dollar, it is time this attempt to become rich through icos comes to an end because it is only damaging the image of bitcoin and the market in general.

That will eradicate the continuous popping out of these ICOs, some though are legit but most of them doesn't really have a good working product.

They all keep on promising on what will be the point of their ICOs but I can feel your happiness with what's happening. The ones that will remain are the legit for the upcoming years.

argus312

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It's unlikely that all will directly refuse to use crypto currency, but even if it's fantasized that this will happen, then the crypto currency will disappear!

jhache

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Quote from: udana123 on July 03, 2018, 11:55:14 AM

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?

As at now, the majority has not accepted the use of cryptos so if you ask me i would have to say that things would remain as they are now, with the prices moving slowly and bear and bulls come at interval. There will be not much change from what is happening now and it will just be those of us that are interested in it now that would still be using the coins.

seandiumx20

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Then it will be a problem to some projects that is related to ecosystem and real-estates or maybe all of the projects because investors are from society. Hmm, this case is really the most dangerous part of being in the crypto world since no one will invest or take a time to use crypto and it will be a sudden decrease of it's value.

It will back to it's original price that is super low and many persons will invest again if they know that price value of each tokens are low.

kingvirtus09

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Quote from: South Park on August 08, 2018, 05:26:45 PM

Quote from: passwordnow on August 05, 2018, 04:37:00 PM

ICOs investing rates will decline.

Assuming that the society rejects cryptocurrencies, ICOs aren't the first to be affected with it but bitcoin and that can lead to dramatic fall for its volume, price and adoption.

Even with the current interest in bitcoin the market of icos is having a lot of problems and to be honest I am happy about it, most of the coins are scams or projects released by incompetent developers and they do not deserve to receive a single dollar, it is time this attempt to become rich through icos comes to an end because it is only damaging the image of bitcoin and the market in general.

The current situation is unlikely stable. But here's the catch media creating alot of FUD so holders won't able to get hold some coins. ICo's are good if projects are really good at in some use cases. Remember cryptocurrency will change the future.

Pom_bensin

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Quote from: udana123 on July 03, 2018, 11:55:14 AM

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?

in my opinion if the public refuses to use crypto currency, I'm sure this will have a big effect on ico. maybe ico will have trouble reaching the target and ico can't maximize in looking for investors, this will affect the future development of the coin.

Lanatsa

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Quote from: South Park on August 08, 2018, 05:26:45 PM

Quote from: passwordnow on August 05, 2018, 04:37:00 PM

ICOs investing rates will decline.

Assuming that the society rejects cryptocurrencies, ICOs aren't the first to be affected with it but bitcoin and that can lead to dramatic fall for its volume, price and adoption.

Even with the current interest in bitcoin the market of icos is having a lot of problems and to be honest I am happy about it, most of the coins are scams or projects released by incompetent developers and they do not deserve to receive a single dollar, it is time this attempt to become rich through icos comes to an end because it is only damaging the image of bitcoin and the market in general.

Completely agree with your point. Out of those rampant existence of scam projects it do really gives negative impact and image on bitcoin itself. It might not be directly but it would just the same story.
For now on a declining market as of this moment we would able to witness those projects who can withstand for longer and scam or shitty projects will definitely or possibly vanished into these times and only potential projects would sustain.

South Park

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I am terrible at Fantasy Football!!!

Quote from: passwordnow on August 05, 2018, 04:37:00 PM

ICOs investing rates will decline.

Assuming that the society rejects cryptocurrencies, ICOs aren't the first to be affected with it but bitcoin and that can lead to dramatic fall for its volume, price and adoption.

Even with the current interest in bitcoin the market of icos are having a lot of problems and to be honest I am happy about it, most of the coins are scams or projects released by incompetent developers and they do not deserve to receive a single dollar, it is time this attempt to become rich through icos comes to an end because it is only damaging the image of bitcoin and the market in general.

mexite

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Cryptocurrency will always have diehard fans and enthusiasts. It's a new world of consciousness and reality. Our resolve to break away from the norm (centralization) will only make us stronger. Fear not.

BigBrother

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Well, if everyone refuses and no one will use the crypto currency, then it will simply disappear as unnecessary. Like any thing that isn't in demand. But this situation will never happen and the number of users of the crypt will only increase.

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