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Topic: Is the world ready for cryptocurrency? - page 19. (Read 6301 times)

newbie
Activity: 42
Merit: 0
August 30, 2018, 08:04:54 AM
Although there are a few countries who uses bitcoins and other cryptocurrencies now, I cannot help but wonder if the world is truly ready for this digital currency? It will certainly be hard to replace all currencies in the world but it could happen in a decade or so, perhaps even less? Still the question is, is the world ready? I think if this happens it might be one of the biggest changes that will happen worldwide.
At present, the world is not ready yet, in my personal opinion. Bitcoin is very new and has not been accepted by all countries for some reason. As this market increases capitalization value then the market will be bigger and harder to manipulate the market price then maybe bitcoin and crypto can be widely used.
member
Activity: 518
Merit: 21
August 30, 2018, 07:46:19 AM
right, if that happens there will be a change in the world economy. But I think that is quite difficult, because to implement such a policy there must be scientific studies that produce positive things if the policy is carried out. If there are many positive things, then maybe it will be done ... !!
Well it may look impossible for now though there are people already who push the system to be legally adapted and recognized all over the world but it seems that there are things they need to understand on the system where it lacks. Hopefully that this could help them get the idea and then continue to promote the system.
full member
Activity: 742
Merit: 103
August 30, 2018, 07:43:50 AM
In order that bitcoin could be painlessly integrated into the world financial system, it should take a very long time and a lot of effort should be made, including by the bitcoin core developers.
newbie
Activity: 61
Merit: 0
August 30, 2018, 06:44:08 AM
Yes it has a big change to world why? because it can part and be famous all over the world like paying by using Bitcoin it think world is ready for this kind of changing.
newbie
Activity: 30
Merit: 0
August 30, 2018, 06:40:43 AM
It is likely that some countries are prepared to welcome the dominance of cryptocurrency but there are also few countries and some aren't willing to take on new ones.
newbie
Activity: 11
Merit: 0
August 30, 2018, 06:18:51 AM
I think the world is not fully ready for cryptocurrency. many things are still needed for the full operation of cryptocurrency throughout the world. because there are still many people who don't realize it, the world will only be ready if everyone is aware and knows about how to use it.
full member
Activity: 340
Merit: 101
August 30, 2018, 04:12:18 AM
Although there are a few countries who uses bitcoins and other cryptocurrencies now, I cannot help but wonder if the world is truly ready for this digital currency? It will certainly be hard to replace all currencies in the world but it could happen in a decade or so, perhaps even less? Still the question is, is the world ready? I think if this happens it might be one of the biggest changes that will happen worldwide.
There is by far now the world is not ready. It should take time to form the rules for the use of bitcoins and crypto in different countries. therefore, in 5 years this issue will be very relevant.
jr. member
Activity: 224
Merit: 1
August 30, 2018, 03:38:12 AM
slowly the cryptocurrency will dominate the world. until the government approves it. this is what we are waiting for. because more and more sophisticated today.
newbie
Activity: 107
Merit: 0
August 30, 2018, 03:18:58 AM
In the current situation, when the world is divided into states and blocks of states, which sometimes are at war with each other, the crypto-currencies will work all the same worse. As soon as they interfere with any state, they will be banned, they will be fought.

You are right, because not all countries and governments have same thoughts and understanding about cryptocurrencies and how it will be able to help us in a positive ways.
full member
Activity: 551
Merit: 100
August 30, 2018, 03:11:25 AM
In the current situation, when the world is divided into states and blocks of states, which sometimes are at war with each other, the crypto-currencies will work all the same worse. As soon as they interfere with any state, they will be banned, they will be fought.
newbie
Activity: 23
Merit: 0
August 30, 2018, 02:12:56 AM
I think we cannot say that for sure that the world is ready for cryptos and digital currencies. one primary reason for that is crypto is still being unknown to the masses and secondary not everyone has access to the internet and all. Only a small percentage of the world know about crypto and that is stopping the mass adoption of crypto.
sr. member
Activity: 432
Merit: 250
August 29, 2018, 03:41:05 PM
Suppose,world is not ready for cryptocurrency now we will wait for ready world? No. Need to start. Now just starting after some years world can take it easily or appropriately.
jr. member
Activity: 266
Merit: 2
August 30, 2018, 01:40:00 AM
Yes, the world at large is indeed ready for the bubbles coming from cryptocurrency, it's only going to be better.
newbie
Activity: 98
Merit: 0
August 30, 2018, 01:32:53 AM
The world is always welcome for its integration and will provide opportunities for potential development if the bitcoin market is useful and valuable, the market will last for us.
newbie
Activity: 106
Merit: 0
August 30, 2018, 01:28:38 AM
I guess people are ready for cryptocurrency however government has still reservation when it comes to it because they think it is dangerous.That is why they study it further.
newbie
Activity: 97
Merit: 0
August 30, 2018, 01:23:10 AM
I think people of the world are ready. However, some of the governments still do not understand the advantages and refuse to accept it.
jr. member
Activity: 149
Merit: 1
August 30, 2018, 01:02:44 AM
I think in some country crypto is ready cause in my country I think crypto is not understand well cause I noticed lots of people here are bankrupt due of lack of knowledge in this technology Hope someday crypto will recognize of our government and have studies in this technology and teach to many jobless persons.
full member
Activity: 364
Merit: 100
August 30, 2018, 12:57:22 AM
A few years back bitcoin is using for various transactions and through this way many businesses operated and many exchanges are doing well so that the world is always ready for crypto but the reason is some time the demand rise and some time fall so many news changed the bitcoin demand.
member
Activity: 80
Merit: 10
Unifying Knowledge For Faster Insight
August 30, 2018, 12:43:21 AM
I read somewhere that there is only 0.2% adoption rate...even if 10x people use crypto currency than today it will still be a very small minority. Another 10x and we have 20% which is suddenly a sizeable market and companies cannot ignore that anymore.
newbie
Activity: 176
Merit: 0
August 30, 2018, 12:30:56 AM
Although there are a few countries who uses bitcoins and other cryptocurrencies now, I cannot help but wonder if the world is truly ready for this digital currency? It will certainly be hard to replace all currencies in the world but it could happen in a decade or so, perhaps even less? Still the question is, is the world ready? I think if this happens it might be one of the biggest changes that will happen worldwide.

I think the world is ready but let's be honest, blockchain technology is not quite ready to replace all currencies in the world. Its still buggy, relatively slow and needs some time.
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