Topic: Is the world really waiting for a global decentralized money? - page 9. (Read 1834 times)
i dont think so. the world is vast and many people today are unbanked and not that financially literate that is why i am not sure that the whole world is capable of using digital money.
everyone expects a centralized monetary system, whether centralized or centralized, as long as it provides people with the best features, best information security, risk case. At present, bitcoin is operating on a decentralized principle, because of its limitations it can not completely eliminate the paper money....
Most of the people don't give interest with what's with globalization or decentralized money, they don't have time for this and all they about are themselves on how to survive.
Survival at its finest, regardless of how good the innovation is and how helpful it is for the people but if it doesn't really target those average person, there will be division for people who are hungry for decentralized systems and people who are thinking of what food to eat.
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.
This.Survival at its finest, regardless of how good the innovation is and how helpful it is for the people but if it doesn't really target those average person, there will be division for people who are hungry for decentralized systems and people who are thinking of what food to eat.
For money issue, I am not sure that some people need money that has a decentralized system. They will consider the money created by a decentralized system is a fraud that must be shunned. The reason is quite clear if the person does not have a party that governs it in real terms, and even if the price changes if based on supply and demand, not from a decision made by the person making the money, it will make them more distrustful.
It is never known what can lead to technical development. I think now many are afraid of cryptocurrency because of their meager education.
In the future, cryptocurrencies will take their place in the world.
In the future, cryptocurrencies will take their place in the world.
I think that regulators are currently not ready to recognize Bitcoin and cryptocurrency money. They will try to qualify it as something else.
Do you think they will have to recognize soon?
I do not think the world is waiting for it because the world is totally not ready to accept, adopt or believe in it
The average person of scared of the risk in volatility of price and also is wary of buying what would be of no use
I do believe that until we have a real life case use of crypto currency on full scale operations
Only then can the world be ready to accept bitcoin and other altcoins.
Example such as paying bitcoin for travels or trains, pizzas, e.t.c
The average person of scared of the risk in volatility of price and also is wary of buying what would be of no use
I do believe that until we have a real life case use of crypto currency on full scale operations
Only then can the world be ready to accept bitcoin and other altcoins.
Example such as paying bitcoin for travels or trains, pizzas, e.t.c
I have to agree the majority in here, not all people cares about the decentralised, and with the media keep on focusing on the bad side of decentralised money, it makes people not really care and some even hate decentralised money , but if you asked business people then global decentralised money could become new breakthrough and the potential to make more money
Globally, in my opinion it is not, but some groups do have such hopes. and they want it just so they get easier access to their activities. because of course, people who work outside the scope of the internet and digital certainly will not interfere in this problem
Nope, because the majority of them have no clue was decentralization mean and what advantages that has over centralized money. It only becomes evident, when something goes wrong with the centralized payment methods and they have to resort to other alternatives. Just look at the people who were using Backpage and then credit card companies stopped supporting that service.
The same thing happened with Wikileaks and Bitcoin once again, provided an alternative solution.
The same thing happened with Wikileaks and Bitcoin once again, provided an alternative solution.
Is the world really waiting for a global decentralized money?
It would not be right to say that the world is waiting. But it is possible that the world needs. We will have many returns to an innovation centerless projects. As time goes by, I think the better ones will come. We are currently in a complete transition process.
Whatever works for people today will be their primary choice, and at this day and age, no one really cares about the improvement of our financial systems; they are much more interested in inflating their assets and bank accounts rather than deviating from the current financial system. Only a handful of people wants a complete overhaul of our financial system, and almost everyone are just busy living and making it out alive.
What this world needs is the redistribution of wealth, though I'm afraid that that wouldn't be achieved in our lifetimes.
What this world needs is the redistribution of wealth, though I'm afraid that that wouldn't be achieved in our lifetimes.
no the world is not waiting for a decentralized currency and as others already said, people don't usually care for it either. but that is what has been happening, bitcoin as a decentralized currency has been growing more and more and people may not realize it now that they want it but as soon as they become familiar with the concept of decentralization in general and use anything decentralized they start seeing the power of it and then they will also start wanting it.
actually it is very good if crypto will be applied as a global decentralized currency but for now it is still difficult due to the existence of several countries to this day still not willing to legalize bitcoin.
Your opinion is that there are still some countries that still cannot accept the existence of bitcoin so I think that if crypto is applied as a global currency, it would still be difficult. 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.
Indeed. Most of them even dont recognise the crypto currencies at all and all they know about it as something trading stuff. They have no in-depth idea about it so how can anyone be expecting them to use it for the purpose of real life affairs. A global decentralised only, that really sounds very big title with great responsibilities within it but its really a fakery and nothing else. People are not willing learn about it, the average person just recognise his bank, cheques, cash, and online banking and I am sure if surveyed then they will never want to try out these.
a small part is waiting, but most do not care and stay focused on the current currency and financial condition. because most people don't know what decentralized money is, even they have never heard of bitcoin and cryptocurrency.
actually it is very good if crypto will be applied as a global decentralized currency but for now it is still difficult due to the existence of several countries to this day still not willing to legalize bitcoin.
Is the world really waiting for a global decentralized money?
Most 3rd world countries/African countries haven't even awoken to the new trend of decentralized/Digital currencies,while a large percentage of those that have are still sceptical about the system(scam),while a lot more cannot get access to the internetDecentralized money looks to be the future curreny,but for now the world is yet to embrace it, at least not with open arms
They aren't ready to take the risk of investing and losing,wallets getting smacked by malwares, exchanges getting hacked, users getting scammed..
The negatives seem to flash all across and make all the headlines
The world at this point only cares about it's economy,jobs,education,military etc
But amidst all this,the growth of the bitcoin is unwavering and if the world fails to accept it now, it'll definitely go ahead of them and wait for them to play catch up
Is the world really waiting for a global decentralized money?
nope. most people don't care about decentralized money because the systemic risks of counterparty risk in finance haven't affected them. if depositor bail-ins start becoming more commonplace, or if there is a serious economic collapse from fractional reserve and rehypothecation practices by banks, i would expect that to change.
people tend not to understand risks until it's too late and the damage is already done.
Is the world really waiting for a global decentralized money?
nope. most people don't care about decentralized money because the systemic risks of counterparty risk in finance haven't affected them. if depositor bail-ins start becoming more commonplace, or if there is a serious economic collapse from fractional reserve and rehypothecation practices by banks, i would expect that to change.
people tend not to understand risks until it's too late and the damage is already done.
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