Is the world ready for cryptocurrency? - page 64.

nguyenhoven

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Activity: 248

Merit: 1

Quote from: Impulseboy on August 06, 2018, 05:41:37 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.

it wouldn't be a seamless transition, therefore it shouldn't happen overnight. I see it as a long term process of getting back the power back from the governments to the hands of ordinary people

Pamela Andrade

newbie

Activity: 25

Merit: 0

We should pose the question whether Bitcoin is ready to replace for fiat money. It has been riddled with unsolved problems and shortcomings. To process the number of digital retail transactions currently handled by selected national retail payment systems, even under optimistic assumptions, the size of the ledger would swell well beyond the storage capacity of a typical smartphone in a matter of days, beyond that of a typical personal computer in a matter of weeks and beyond that of servers in a matter of months. Without being solved, the problems still face Bitcoin as a obstacle to its being widely used.

Brenda Smith

newbie

Activity: 35

Merit: 0

That the world is ready for using Bitcoin doesn't mean national currency will be replaced by Bitcoin. Bitcoin and fiat money can co-exist. And I want to assert that Cryptocurrency can't replace fiat money because Bitcoin as well as other cryptocurrencies fails to satisfy the standards of a currency.

Togacity

jr. member

Activity: 112

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The world is more than ready for crypto just that most countries haven't officially accepted it but its citizens are using it on a daily basis

iSparta

member

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The world is ready for crypto. Only some huge banks and related people are breaking development of cryptocurrencies as world money. I think that they are preparing their own crypto or inventing some mechanisms to control bitcoins.

Aleksandr_ov

member

Activity: 252

Merit: 44

in fact, I agree with the author that the world is ready, but they have ruled the most everything aside and come up with traps!

CrimBit

hero member

Activity: 672

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I really think that most of the world is not ready with Cryptocurrency I really think there is a need for more knowledge about technology, or if there is no particular seminar needed to take on people who want to know more about how Blockchain is.

princesspoppy

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Activity: 634

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Quote from: Impulseboy on August 06, 2018, 05:41:37 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 are some countries using and adopting cryptos however, I think it is not enough to say that the world is totally ready for cryptos and the change that might happen in doing this. There are many more things that should be done in order for the world to be totally ready for this cryptos. Other counties should also accept and adapt cryptos, as an asset or as a currency in their own country as well as in their country. Also, internet connection is a must in order to access the wallets and anything about cryptos.

Loreto Padolina

newbie

Activity: 9

Merit: 0

I think the world is not ready in crypto currency but it soon will be legal when it become popular in our country.. every people most know about crypto currency..

bitfocus

member

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I don't think you will ever get a clear answer as the question is too broad to discuss. my opinion is, nothing is ready ready for anything, we need to ready the field for any changes to be adopted.

player1001101001

jr. member

Activity: 336

Merit: 2

Quote from: Betty10 on August 09, 2018, 06:08:36 AM

The world is seeing what is going on in the crypto space, and I believe they are getting prepared for a Cryptocurrency world. We have seen some countries giving Crypto a green light. Better days ahead for the community.

The world is not completely ready for accepting cryptocurrency at this moment. Many countries are against the cryptocurrency and consistently taken major action towards it. Those countries need much time to prepare their self for accepting cryptocurrency.

omone1

member

Activity: 845

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With constant enlightenment and the right campaign coupled with Cryptocurrencies performance thus far, I think we are gradually preparing the world for Cryptocurrency adoption. Although this is already been accepted by some businesses and establishment.

Betty10

newbie

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The world is seeing what is going on in the crypto space, and I believe they are getting prepared for a Cryptocurrency world. We have seen some countries giving Crypto a green light. Better days ahead for the community.

Xising

sr. member

Activity: 910

Merit: 257

Quote from: Impulseboy on August 06, 2018, 05:41:37 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 would say that it is. We have been using digital means of payment and investment for many years now, and since cryptocurrency is similar to those kinds of investments, I can say that the world is ready for it. I think the only reason why many people don't want to embrace and use the market fully is because of its instability and volatility. After all, it's so hard to rely on something that can make you lose your investment and money even if you tried your best to actually be ready for it. I think if that feature and characteristic would be addressed, there would be an out pouring for support for the cryptocurrency market.

clickerz

hero member

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Backed.Finance

Quote from: kier010 on August 09, 2018, 05:41:04 AM

i think it is not ready yet. we know crypto but what about the other people that don't know? they need to know it first. the people need to be educated about crypto first before the world would be ready. bitcoin and other crypto are good but people without knowledge about them they can easily be influence by others. good influence is okay but bad influence is not.

There are still many skeptics about virtual money or currencies. Cryptocurrency awareness and penetration I think is very low but day after day there are people joining this new technology.We need more information drive, more applications and physical stores that will accept this cryptocurrency and its adaptation will rise significantly.

Ronaldcoin2017

sr. member

Activity: 1148

Merit: 300

Quote from: Sexie on August 09, 2018, 05:55:16 AM

Quote from: Impulseboy on August 06, 2018, 05:41:37 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.

Endl

I think that the world is Very much ready to accept cryptocurrencies as we can see many friendly countries are now using it. As some of the banks now also recognize and accept Bitcoin deposits and through more on exchanges. But in my opinion Bitcoin and other cryptocurrencies will be used as it as digital , still can not replace other currencies . We still need the local currencies for exchange. It always been different. In my understanding, gold , Silveri, dollars and Bitcoin are all currencies with different functions. So local currencies Will still remain as Bitcoin is.

I think so, the world now is already slowly accepting crypto. I believe that there are few percentage of the people around the world that did not know about crypto and maybe soon they will know it. So then I also believe that the world is really ready for it. We are now living in the modern world and I believe that crypto will become a part of it soon.

Sexie

member

Activity: 420

Merit: 10

Quote from: Impulseboy on August 06, 2018, 05:41:37 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.

Endl

I think that the world is Very much ready to accept cryptocurrencies as we can see many friendly countries are now using it. As some of the banks now also recognize and accept Bitcoin deposits and through more on exchanges. But in my opinion Bitcoin and other cryptocurrencies will be used as it as digital , still can not replace other currencies . We still need the local currencies for exchange. It always been different. In my understanding, gold , Silveri, dollars and Bitcoin are all currencies with different functions. So local currencies Will still remain as Bitcoin is.

hibiscus

newbie

Activity: 217

Merit: 0

Cryptocurrency is some ways connected with a secure blockchain on the internet . It is a digital currency that is free from a third party influence that is no government or central authorities interefere in the transactions .Cryptocurrency is gaining popularity and some countries accepts the decentralized currency .Due to demonetization in India Bitcoin is growing since India tried to stop blackmoney they experimented demonetization and encouraged people to transact through digital wallets before India Switzerland had started experimenting with bitcoin distribution.

kier010

full member

Activity: 532

Merit: 100

i think it is not ready yet. we know crypto but what about the other people that don't know? they need to know it first. the people need to be educated about crypto first before the world would be ready. bitcoin and other crypto are good but people without knowledge about them they can easily be influence by others. good influence is okay but bad influence is not.

Mr.John19

full member

Activity: 350

Merit: 109

We cannot assess it if the world is prepared for the new age of the digital currencies. So, My answer relies upon the what number of nations as of now acknowledge digital currencies with their control about it. We realize that some nation is attempting their commitment to manage the digital currencies. In any case, I sometimes wish that bitcoin will be one of cash that acknowledges everywhere throughout the world.

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