Is the world really waiting for a global decentralized money? - page 3.

ellehcar

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Quote from: Weecoinofficial on October 24, 2018, 11:35:39 AM

Is the world really waiting for a global decentralized money?

The truth of the matter is not all people in this world cares about having a global decentralized money. As a matter of fact, they don't even know nor heard about the word "decentralized". So how can they care for something they don't even know or didn't even cross their imagination? Who cares for this global decentralized money are those who have self-vested interest in it, those who will benefit from it. They are the indefatigable beings who know very well the convenience and ease this "decentralized money" will bring to their lives and to their businesses, and thus they realize the expediency to bring it global.

BIPBot

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Honestly, the world doesn't care about it. They wouldn't even know how the current financial system runs. A decentralized money would just be another fancy word for them. The investors, tech enthusiasts and other such similar segments are eagerly waiting for this. It is not just the fact that money will be decentralized. When money becomes decentralized it helps curb corruptions of various forms which could go from the ground level to the higher levels of the governments.
So the answer to your question is no.
The world might not completely be aware to truly want a decentralized money.

Weecoinofficial

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Quote from: dvdrewritable on October 31, 2018, 04:44:56 AM

It will be wonderful if the world accepts decentralized money. But it's quite impossible because there is an issue to legalize bitcoin in every country but most of the government are opposite of decentralized money. But personally, I would like to see this happen who knows what will happen in the future.

I guess the world will finally have to accept a global decentralized money.

iSparta

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The time comes when it becomes obvious that dollar cannot be used as a world currency. This is understood in the United States, which used to benefit from the dominance of the dollar in the world. Therefore, sooner or later a decision should be made on the use of a new world currency. This may be Bitcoin or another newly created cryptocurrency.

carlisle1

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Quote from: kingcolex on October 24, 2018, 11:48:18 AM

No, the average person doesn't care if it's global, they don't care if it's decentralized. What the average person cares about is if it works to buy food and pay their bills. Now investors are quite a bit different beast and also well off global travelers.

You got the correct answer dude,majority of the people worldwide is more concern on what can bring then food,shelter and money it doesn’t care if centralized or decentralized,only governments and politicians are more concerned since they will benefits if the ball turns their ways

Christopher_Hayes

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No. Not many people know about cryptocurrency and that's the truth. There are a lot of people that are using cryptocurrency around the globe, but it's still a small percent compared to how many people are using fiat. If we are heading for a global decentralized money, it won't happen 'til maybe about a decade later or two.

kendra1107

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Quote from: Weecoinofficial on October 24, 2018, 11:35:39 AM

Is the world really waiting for a global decentralized money?

A global currency will certainly exist. But I strongly doubt it will be decentralized. Meaning, this currency will not be digital. This global currency will be controlled by an elite organization which was planned out generations ago.

dvdrewritable

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It will be wonderful if the world accepts decentralized money. But it's quite impossible because there is an issue to legalize bitcoin in every country but most of the government are opposite of decentralized money. But personally, I would like to see this happen who knows what will happen in the future.

gilangIDR

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Quote from: Weecoinofficial on October 24, 2018, 11:35:39 AM

Is the world really waiting for a global decentralized money?

Yes, that the world needs a centralized financial system, with a centralized financial system, we can get the best service. The financial system will be faster and safer. This will further support technological progress and in my opinion if this can be applied quickly and precisely then we will get a much better future than before. A centralized financial system is a dream for everyone !!

lyks15

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I think world is not ready for a global decentralized money because not all the country can afford the innovation that need to upgrade and I think this is too much expensive that even the big business that belong in not so progressive country will damage because it can affect to their business. I think global decentralized is too risky. Imagine that all your transaction is at online then suddenly the system will damage,all your money will lost. I think this is possible to happend in many more years. We need to focus in our present progress then when we achieved it, global decentralized may be posaible.

bitfocus

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I guess, no is the answer. see, most of the people even has no idea about how their currency is backed by gold or how they print it. They just care about earning, spending, saving and investing - and this is the major reason that BTC will take decades to go global.

tikaka

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no . Most investors just want bitcoin prices to grow and have strong price volatility so they make more profit with bitcoin. Centralized costs will make investors lose profits and I think investors want bitcoin to grow bitcoin freely and without imposing, so surely people would not expect a centralized charge. . .

sngwinner

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Nope, the world is actually wasn't and may not be even ready now, though we have it among us. We hear governments speaking ill of Btc and that should tell you the world never anticipated this. However, I believe the growth of Btc acros the globe will force them to embrace decentralised money

Roukawa

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Quote from: Weecoinofficial on October 24, 2018, 11:35:39 AM

Is the world really waiting for a global decentralized money?

I do not know. Maybe, the world is preparing for a good move when it comes in global decentralized money. Of course, all of us have the eagerness to join this big community. It might 10 years before the world fully accept this matter. In fact, many research will undergo in case this will become the trend in the future.

cryptjh

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No I don’t think so, I think most people just want a local currency from a government they can trust and where the value is stabile. A global decentralizes blockchain currency are mostly for the people who think there local currency will burst, or who like to gamble.

syaripudin

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Quote from: Weecoinofficial on October 24, 2018, 11:35:39 AM

Is the world really waiting for a global decentralized money?

why not, because if we look at the role of bitcoin as a decentralized currency, I think with all the types of features that bitcoin has, of course it will provide convenience to every user. but of course even though a decentralized system is a system of freedom in terms of finance, but I think there must be a role for the government to make regulations that aim so that no party will use it for criminal purposes.

1993jochico

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Quote from: Weecoinofficial on October 24, 2018, 11:35:39 AM

Is the world really waiting for a global decentralized money?

Not waiting, actually we dont have any idea about this before "that money can be decentralized" till bitcoin is invented so no one wait for it but most of us like the idea of decentralized money for sure aside from those corrupt in every country.

Samemagazine

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Quote from: Kthestunner on October 30, 2018, 03:48:31 AM

Quote from: Sacredvineofspirits on October 30, 2018, 03:31:22 AM

Quote from: Kestenbetsa on October 30, 2018, 03:28:48 AM

Quote from: Chocolatehaze on October 30, 2018, 03:27:11 AM

Is the world now admit that screaming HODL when it was at 14500 was a mistaken scream Cry

People don't typically like to admit they're wrong, so you're asking for too much here. They'll just try to rationalize it. But the math can't be rationalized. No matter how you cut it, HODL wasn't the ideal approach. It wasn't even the safest.

You would have made more money with just about any selling at any point when it was over $10K. You didn't even have to sell at ATH. Then bought back at any point under $10K. No need to even time it perfectly or hit the bottom accurately. At a minimum you should have made a little extra cash. But if you were patient, you would have made a killing. No need for any active trading, just two extra transactions. You could then return to your exact same HODL position, but with extra cash in your pocket, and having a little extra guarantee in case things don't pan out.

Holding long term is a great advice originating from the stock market, when you have a DIVERSIFIED portfolio, that can handle a few bumps on the road. That's because historically, things like the the DOW have always been steadily climbing. It doesn't really apply to a single all eggs in one basket investment like just Bitcoin. That's a much more vulnerable tactic. Plus Bitcoin doesn't have a long enough history you can rely on, and hasn't even hit mass adoption yet.

I have some long term Bitcoin stashed away, but I'm still making a little profit along the way because you just can't predict what the future holds. Maybe the world will decide to adopt another cryptocurrency instead, or maybe a major vulnerability will be discovered in Bitcoin in a year. I'd rather protect myself. Things may not always pan out like you'd like them to.

HODLING has been proven to be the right strategy during bitcoin’s 9 year track record. And I believe this will continue to be true in the years to come.

It hasn't. And it keeps getting proven wrong. What markets like the one we've seen in the last year, keeps proving that it's not exactly the best strategy. Especially since most people aren't in this for the last 9 years, so it really doesn't help most people entering the market now. Your argument only works if you've been in the market since nearly the beginning.

And I'm not just talking about the continual missed opportunities, it's more about how hodl is being sold as a safe strategy. Which is very misleading. The closest thing to a safe strategy is a mix of both a little hodl and long term trading. But nothing is really safe or guaranteed. Being all in with only hodl, is basically putting all your eggs in one basket. With the illusion of doing the same thing as the stock market, except you're not using a diversified portfolio following the S&P 500 or the Dow Jones. So you really have nowhere near that same safety, only the illusion of it.

Historically the best thing a person can do with Bitcoin is buy it and forget they own it. Revisit in a few years. The overwhelming majority of people who try to trade lose money and a lot of that is because of their own emotion. Most of society and makes decisions based on emotion rather than facts and logic. This kills them as Traders

Chocolatehaze

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Is the world now admit that screaming HODL when it was at 14500 was a mistaken scream Cry

Eva18

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Quote from: Weecoinofficial on October 24, 2018, 11:35:39 AM

Is the world really waiting for a global decentralized money?

I think the world already has a global decentralized currency in the "bitcoin", although cryptocurrency today may not be easily accepted like fiat, but the world is no longer waiting for what is here already.

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