Topic: Is the world ready for cryptocurrency? - page 76. (Read 6295 times)
In some countries Bitcoin has really exploded, like the US. I know Bitcoin has not really been legal worldwide, it's pretty new compared to some countries and some young people. Only those who really want to know and invest in Bitcoin will research it. Efforts are still being made to make Bitcoin popular or replace current currency.
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'd be lying if i said the world is ready for cryptocurrency, maybe technically they are. But, in fact there are some country that still can not accept bitcoin and banned bitcoin. I think the world will be ready at least 5 years from now.
Yes I think the world is ready for cryptocurrency today lots of people have involvement in crypto this means that the demand of crypto is getting stronger every year especially last year that bitcoin rise and many people noticed this I hope crypto will accept in many countries soon.
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.
JFYI there is more country that is now using crypto currencies. Not "few". Some countries are not yet fully adapting on how cryptocurrency works but people in these countries are certainly using crrpto for online payments.
Who said anything about current currencies being replaced by cryptocurrency/digital money? It can co-exist with fiat. That is how it will gradually evolve as the future money that everyone in the world will be using. It takes time and there is no need to rush everything. Internet was not created in a day and not everyone in the world had access on it and now look at it. It's everywhere. Soon will happen with crypto.
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 would never be a time where all currencies would be changed to Bitcoin alone, all cryptocurrency currency requires is the endorsement it can always work with the current Fiat
Many people use cryptocurrency and most of them are altcoins and tokens, I think so many people should know how to run it along But learn at the right time
The gradual use of the crypto coins and also the general adoption is what that we do the magic to the crypto world
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 of crypto currencies is still at an early stage and people around the world only knows Bitcoin as there is and nothing more. We should try to make a noise for them to discover this.
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.
Rome wasn't built in a day...
No, the world may not be ready, but currently the foundations and getting laid.
The pillars will soon rise, but only when the world is ready to adopt crypto without hesistation.
In addition, that the world is not ready, the cryptocurrencies are not yet ready. The market is quite young yet. Much remains to be done. Running ETF, for example. Need to stabilize the course. Now the volatility is too big
The most crucial question is whether cryptocurrency is ready to be an alternative to the current financial system?
I do not think the answer will be "yes," we have more than 1,000 coins, most of them worthless.
Bitcoin and stablecoins are the best examples of cryptos.
- Bitcoin cannot be an alternative to the current system because of the problem of limited transactions.[1]
- Stablecoins are good, but centralization means the current financial system.[2]
If the current economy collapses into a "global financial crisis"[3], it will be a substitute.
[1] Bitcoin scalability problem
[2] Why “stablecoins” make no sense
[3] Financial_crisis_of_2007–2008
I do not think the answer will be "yes," we have more than 1,000 coins, most of them worthless.
Bitcoin and stablecoins are the best examples of cryptos.
- Bitcoin cannot be an alternative to the current system because of the problem of limited transactions.[1]
- Stablecoins are good, but centralization means the current financial system.[2]
if the world is truly ready for this digital currency?
If we ignore the disadvantages of cryptos "scalability and price fluctuating have been solved," I think it will be an additional option for the current system and not a substitute.If the current economy collapses into a "global financial crisis"[3], it will be a substitute.
[1] Bitcoin scalability problem
[2] Why “stablecoins” make no sense
[3] Financial_crisis_of_2007–2008
Many people use cryptocurrency and most of them are altcoins and tokens, I think so many people should know how to run it along But learn at the right time
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.
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