Topic: What will happen if the all countries convert to cryptocurrency? (Read 12679 times)
September 05, 2020, 09:50:42 PM
Crypto-paying countries will ease the burden on banks. The cryptocurrencies they use will also have to change in some way so that the government can control everything, maybe it's a non-transparent centralized chain like we still see on other blockchains. Currently, most countries are just moving towards blockchain technology and no country wants to replace them with their currency systems.
September 05, 2020, 08:26:57 AM
that is such a good thing for world, it will heip to reduce population, because tree would no be cut and also save the money.but there is another risk which is money laundering issue.
February 23, 2020, 05:06:33 AM
Cashless payments are possible only in countries where there is Internet everywhere, even in every village. I don’t think that sometime in the next 10 years there will be a completely non-cash payment. Since there is still a need for cash. However, cashless payments are much more convenient. I can say that in this case, fraudsters and attackers will be less likely to go unnoticed, since all cashless payments can be tracked.
February 22, 2020, 03:11:47 PM
If every country in the world would adopt or convert to cryptocurrency then everything would be boring, that special thing of the blockchain would be gone. At least in the situation of adoption of national crypătocoins.
February 22, 2020, 03:03:20 PM
Now that more and more countries are starting to go cashless (http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?
I don't find it beneficial as many countries goes cashless, it may only form competition to those recent cryptocurrency present in that certain country. If ever that happens, one of the advantages we can consider is the efficiency and convenience while for the disadvantages is the abuse of power that may be applied as some organizations or the government commit power tripping . It's not really necessary for a country to make cryptocurrency since there are a lot of some pre-existing digital currency at the moment. February 19, 2020, 09:18:57 AM
I think the process is a bit longer,but if is does happen all people are lucky and have a major change in life,aside from this,cryto currency gives additional knowledge to the people so its nice to live the life of the knower, i think when this happen all transaction is easy to do including cash in and cash out policy ,we can easily pay products by order or delivery using cryptocurrencies,i wonder if this will happen that all countries converted to cryptocurrency,disputes can be minimized or reduced on both sides of the country
Yes it's better for each country if all countries are converted to cryptocurrency Investment and demand will increase and therefore the crypto market is going to be more developed. Every man will return to his normal life and nobody will suffer vainly.
February 19, 2020, 09:06:42 AM
If all countries around the world have converted into cryptocurrency, it will really be a big problem when it comes to paying taxes because the government does not support and can't control cryptocurrency that they will lose a huge amount of budget in making establishments. But when it comes to making transactions it will be really fast and convenient for every purchasers.
Another problem might be the transaction time and fees like what happened in the past. The blockchain can't take the transactions because of the spam so a lot of people are paying big transaction fees so their transactions can be approved quickly and avoid waiting for days. If all the countries immediately convert into crypto currencies, that would be a problem.
February 18, 2020, 04:23:29 PM
Of course, this is a rather scary and strange step for any developed country in which the classical financial system prevails.
After all, the economy is formed and lives due to the inflow and outflow of funds, which, as we know, are formed partly due to good turnover.
The introduction of a full 1-decentralized cryptocurrency system can very strongly and unpredictably affect the entire economy of the country.
If we take the United States of America, for example, the dollar is valued all over the world due to the fact that America grants loans in national currency to other countries, and also performs any international trade operations in its national currency. Almost any country today depends on the value of the dollar, while no one takes into account the fact that dollar inflation is increasing every year, because America does not stop printing new money. I believe that with the transition of the whole world to cryptocurrency, for many, or rather for all countries, a very bad time is expected, because Each country will remain only with its gross product and gold reserves and no one will be able to draw up any numbers or kilograms of non-existent gold.After all, the economy is formed and lives due to the inflow and outflow of funds, which, as we know, are formed partly due to good turnover.
The introduction of a full 1-decentralized cryptocurrency system can very strongly and unpredictably affect the entire economy of the country.
Almost all national currencies are not provided with anything, this is fake. A much more reliable prospect will be the purchase, as you said, of gold or precious metals, which will be priced under almost any circumstances. I think this is exactly what will happen before the global crisis, most people invest money not in physical referents of the real world, but in the dollar and cryptocurrencies, for which they will eventually pay.
February 17, 2020, 04:16:52 AM
Thinking that all countries in the world would convert into cryptocurrencies is utopia. This is not going to happen.
Economies or financial systems in any country can't function without fiat currencies and I doubt that anyone would want that economy.and prosperity of his country is based on something so volatile and unregulated like Bitcoin or some other cryptocurrency.
With time cryptocurrencies will become more integrated into our societies and people will use them more but they will not completely replace fiat currencies.
Economies or financial systems in any country can't function without fiat currencies and I doubt that anyone would want that economy.and prosperity of his country is based on something so volatile and unregulated like Bitcoin or some other cryptocurrency.
With time cryptocurrencies will become more integrated into our societies and people will use them more but they will not completely replace fiat currencies.
February 17, 2020, 03:16:40 AM
I think the process is a bit longer,but if is does happen all people are lucky and have a major change in life,aside from this,cryto currency gives additional knowledge to the people so its nice to live the life of the knower, i think when this happen all transaction is easy to do including cash in and cash out policy ,we can easily pay products by order or delivery using cryptocurrencies,i wonder if this will happen that all countries converted to cryptocurrency,disputes can be minimized or reduced on both sides of the country
February 17, 2020, 01:04:54 AM
First, the population of the country that decides to implement cryptocurrencies as a new asset. They should be educated on how to use it because from the beginning it is long learning. The use of cryptocurrencies as we all know requires discipline and knowledge is the main thing to that adoption of the new asset to work and not cause disinterest.
The country should improve telecommunications systems throughout the urban territory. For the good and efficient use of the necessary equipment such as smartphones, Wifi among others. I believe that it will certainly bring more advantages than disadvantages if a good marketing study is carried out and that it has an excellent team of developers who create advanced technology financial products and services.
The country should improve telecommunications systems throughout the urban territory. For the good and efficient use of the necessary equipment such as smartphones, Wifi among others. I believe that it will certainly bring more advantages than disadvantages if a good marketing study is carried out and that it has an excellent team of developers who create advanced technology financial products and services.
You are right that if all countries convert to cryptocurrency it will bring us many benefits Crypto has improved many popular before When our country's government learns about its use every country will support crypto. Technology will be developed and the economy of the country will be fed.
That will never happen. Governments will be having a problem if that ever happen. If they immediately convert, they will be having a lot of problems not just to the people that do not know it but also the supporting technologies to make that happen. Banks from the monetary system is still not ready, we will still run through mobile payments before we go to crypto currencies.
February 16, 2020, 05:41:50 PM
First, the population of the country that decides to implement cryptocurrencies as a new asset. They should be educated on how to use it because from the beginning it is long learning. The use of cryptocurrencies as we all know requires discipline and knowledge is the main thing to that adoption of the new asset to work and not cause disinterest.
The country should improve telecommunications systems throughout the urban territory. For the good and efficient use of the necessary equipment such as smartphones, Wifi among others. I believe that it will certainly bring more advantages than disadvantages if a good marketing study is carried out and that it has an excellent team of developers who create advanced technology financial products and services.
The country should improve telecommunications systems throughout the urban territory. For the good and efficient use of the necessary equipment such as smartphones, Wifi among others. I believe that it will certainly bring more advantages than disadvantages if a good marketing study is carried out and that it has an excellent team of developers who create advanced technology financial products and services.
You are right that if all countries convert to cryptocurrency it will bring us many benefits Crypto has improved many popular before When our country's government learns about its use every country will support crypto. Technology will be developed and the economy of the country will be fed.
That will never happen. Governments will be having a problem if that ever happen. If they immediately convert, they will be having a lot of problems not just to the people that do not know it but also the supporting technologies to make that happen. Banks from the monetary system is still not ready, we will still run through mobile payments before we go to crypto currencies.
February 16, 2020, 01:01:26 PM
Now that more and more countries are starting to go cashless (http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?
Virtual payments are available through various banking online services. Countries will adopt cryptocurrency only to get a piece from the cherry. They don't care for this domain.First, the population of the country that decides to implement cryptocurrencies as a new asset. They should be educated on how to use it because from the beginning it is long learning. The use of cryptocurrencies as we all know requires discipline and knowledge is the main thing to that adoption of the new asset to work and not cause disinterest.
The country should improve telecommunications systems throughout the urban territory. For the good and efficient use of the necessary equipment such as smartphones, Wifi among others. I believe that it will certainly bring more advantages than disadvantages if a good marketing study is carried out and that it has an excellent team of developers who create advanced technology financial products and services.
The country should improve telecommunications systems throughout the urban territory. For the good and efficient use of the necessary equipment such as smartphones, Wifi among others. I believe that it will certainly bring more advantages than disadvantages if a good marketing study is carried out and that it has an excellent team of developers who create advanced technology financial products and services.
You are right that if all countries convert to cryptocurrency it will bring us many benefits Crypto has improved many popular before When our country's government learns about its use every country will support crypto. Technology will be developed and the economy of the country will be fed.
February 16, 2020, 11:57:08 AM
Now that more and more countries are starting to go cashless (http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?
Virtual payments are available through various banking online services. Countries will adopt cryptocurrency only to get a piece from the cherry. They don't care for this domain. 
February 16, 2020, 06:38:59 AM
First, the population of the country that decides to implement cryptocurrencies as a new asset. They should be educated on how to use it because from the beginning it is long learning. The use of cryptocurrencies as we all know requires discipline and knowledge is the main thing to that adoption of the new asset to work and not cause disinterest.
The country should improve telecommunications systems throughout the urban territory. For the good and efficient use of the necessary equipment such as smartphones, Wifi among others. I believe that it will certainly bring more advantages than disadvantages if a good marketing study is carried out and that it has an excellent team of developers who create advanced technology financial products and services.
The country should improve telecommunications systems throughout the urban territory. For the good and efficient use of the necessary equipment such as smartphones, Wifi among others. I believe that it will certainly bring more advantages than disadvantages if a good marketing study is carried out and that it has an excellent team of developers who create advanced technology financial products and services.
You are right that if all countries convert to cryptocurrency it will bring us many benefits Crypto has improved many popular before When our country's government learns about its use every country will support crypto. Technology will be developed and the economy of the country will be fed.
February 16, 2020, 06:01:06 AM
Of course, this is a rather scary and strange step for any developed country in which the classical financial system prevails.
After all, the economy is formed and lives due to the inflow and outflow of funds, which, as we know, are formed partly due to good turnover.
The introduction of a full 1-decentralized cryptocurrency system can very strongly and unpredictably affect the entire economy of the country.
If we take the United States of America, for example, the dollar is valued all over the world due to the fact that America grants loans in national currency to other countries, and also performs any international trade operations in its national currency. Almost any country today depends on the value of the dollar, while no one takes into account the fact that dollar inflation is increasing every year, because America does not stop printing new money. I believe that with the transition of the whole world to cryptocurrency, for many, or rather for all countries, a very bad time is expected, because Each country will remain only with its gross product and gold reserves and no one will be able to draw up any numbers or kilograms of non-existent gold. After all, the economy is formed and lives due to the inflow and outflow of funds, which, as we know, are formed partly due to good turnover.
The introduction of a full 1-decentralized cryptocurrency system can very strongly and unpredictably affect the entire economy of the country.
February 15, 2020, 01:46:09 PM
Of course, this is a rather scary and strange step for any developed country in which the classical financial system prevails.
After all, the economy is formed and lives due to the inflow and outflow of funds, which, as we know, are formed partly due to good turnover.
The introduction of a full 1-decentralized cryptocurrency system can very strongly and unpredictably affect the entire economy of the country.
After all, the economy is formed and lives due to the inflow and outflow of funds, which, as we know, are formed partly due to good turnover.
The introduction of a full 1-decentralized cryptocurrency system can very strongly and unpredictably affect the entire economy of the country.
February 15, 2020, 01:25:44 AM
The world is truly becoming more cashless and digital. However, this does not mean at all that states can switch to the use of cryptocurrency. No state will ever allow this, and there are serious reasons for this. A cashless society is only possible in ordinary currency and a digitized national stable coin. Cryptocurrency will be able to occupy a certain niche in the financial sector only along with the circulation of the usual currency of states. It can also interact with the currency of states in various forms, and this process is inevitable and has just begun to develop.
Unless each government creates its own cryptocurrency.
This is the only way that I can see that. If the government creates its own cryptocurrency and they are the ones that are controlling it, it will be favorable for them. The future is leading to digital currencies, nowadays I don't think that the government can still support that. What they are studying now is the development of Blockchain technology which I think is the start since it will really develop a lot of things including the banking systems in a country.
February 15, 2020, 12:53:20 AM
Are you talking about digitizing fiat or open transparent blockchain.
Money in the past and future will gravitate to the cheapest system of transacting and least inflating (value loss).
7 years ago in the European Government, Why the whole banking system is a scam
https://www.youtube.com/watch?v=hYzX3YZoMrs
Money in the past and future will gravitate to the cheapest system of transacting and least inflating (value loss).
7 years ago in the European Government, Why the whole banking system is a scam
https://www.youtube.com/watch?v=hYzX3YZoMrs
February 15, 2020, 12:34:00 AM
Now that more and more countries are starting to go cashless (http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?
The world is truly becoming more cashless and digital. However, this does not mean at all that states can switch to the use of cryptocurrency. No state will ever allow this, and there are serious reasons for this. A cashless society is only possible in ordinary currency and a digitized national stable coin. Cryptocurrency will be able to occupy a certain niche in the financial sector only along with the circulation of the usual currency of states. It can also interact with the currency of states in various forms, and this process is inevitable and has just begun to develop. Jump to: