If that's going to happen for the first time that all countries will embrace cryptocurrencies then probably it will be the day where we can see an increase of crypto prices as more people are demanding for cryptocurrencies. So many great things is going to happen and different countries have their own strategies too no how they would handle and utilize cryptos to its full capabilities. Surely, it will be an extraordinary day for cryptoworld as a whole.
That could be the start of cashless society and everybody are ready to embrace the big changes and cryptocurrency can be more limited on the market. I think many are going to be greedy upon crypto because of opportunity to increase the price and no one gonna give up till they gain more higher. People gonna dont have any satisfaction in life and everything gonna be expensive. 
Topic: What will happen if the all countries convert to cryptocurrency? - page 25. (Read 12679 times)
September 21, 2018, 04:14:18 AM
September 21, 2018, 03:17:59 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?
Hmph… dude please try to read well. The link you posted just said ‘does a cashless society benefit everyone?’ and it didn’t say that countries are converting to cryptocurrency, if you say lots of countries are converting to cryptocurrency, then you should mention which countries did that cause I have never seen any country that did that. And by the way, a cashless society is not going to benefit everyone. So we still need physical money. September 21, 2018, 02:04:54 AM
Much depends on banks and government. If they see the positive side when using crypto currency, then they will start using it at the national level.
This does not depend on the banks or the governments. The government will never be using cryptocurrencies since there are the feature of them that will be a problem to them, and that is the decentralization.
Bitcoin and other cryptocurrency are decentralized, saying that, the government can't control it like the currencies or fiats in their country. That might be a reason for that certain country to be controlled since the price of cryptocurrencies can be manipulated.
September 21, 2018, 01:52:19 AM
if that happens then we will get convenience in doing digital transactions, but there is one obstacle that will be found, what if there is no internet connection in an area, then we must still use paper money to make transactions
September 21, 2018, 01:10:08 AM
It will be difficult to say if the countries will convert to cryptocurrency. I don't see any such possibility. However, it will not be a very spectacular thing if it does happen. The narration of the capacity and capabilities of cryptocurrency is being overblown.
This will never happen as we know that governments of different countries have issued their own fiat currencies and they have a big profit and benefits with it so they can not leave fiat currencies fully. They can not switch into crypto currencies fully however many countries are using crypto currencies along with fiat currencies and their whole economy is the contribution of both these currencies. September 20, 2018, 07:13:47 AM
the advantages are so numerous, and it surpasses the disadvantages, but spme disadvantages is that one may get stranded in cases where there is low network coverage, we understand that services are to be paid for directly from your wallet which cannot function when there is low network coverage, another disadvantage is that it may be available to the literates in the society, who has got a vast knowledge of ICT, the non-literate and the aged may be left behind.
September 20, 2018, 06:36:30 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?
Everyone should go and adapt the new technology in which there is no permanent in this world except change so either we like it or not we should embrace crypto if it will happen to supersede fiat. One advantage is the whole world is united to acknowledge Crypto in which we can use it anywhere but i see the disadvantage with the poor as most of them might be difficult to learn the new system of currency.
September 19, 2018, 05:50:53 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?
Yes, I agree that it will be a new era of development with all the advantages of a cashless society. But I don’t think so that will ever happen. Think about the poor people or illiterate ones, who cannot understand such technical things and cannot even afford to buy smart phones and a good internet connection; both of which are perquisites for using Bitcoin. A lot of work has to be done before countries can fully shift to cryptos. September 19, 2018, 02:51:04 PM
Indeed, using digital currency can make it easier for us without having to carry cash, but this will lead to demonstrations for a group of people who do not have deep knowledge of this cryptocurrency.
September 19, 2018, 02:27:56 PM
That is impossible to happen, there are some countries did not accept bitcoin since it is decentralized. Probably it will happen if the decentralized crypto will have become a centralized and controlled by the government. So, it is really impossible that thing will happen people become cashless. Government always against on that cryptocurrency they did not support this, besides, they treat this as an illegal.
So, now how to become cryptocurrency replacing traditional fiat into digital currency.
So, now how to become cryptocurrency replacing traditional fiat into digital currency.
September 19, 2018, 01:55:38 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?
Yes, I agree that it will be a new era of development with all the advantages of a cashless society. But I don’t think so that will ever happen. Think about the poor people or illiterate ones, who cannot understand such technical things and cannot even afford to buy smart phones and a good internet connection; both of which are perquisites for using Bitcoin. A lot of work has to be done before countries can fully shift to cryptos. September 19, 2018, 01:20:51 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?
Yes, I agree that it will be a new era of development with all the advantages of a cashless society. But I don’t think so that will ever happen. Think about the poor people or illiterate ones, who cannot understand such technical things and cannot even afford to buy smart phones and a good internet connection; both of which are perquisites for using Bitcoin. A lot of work has to be done before countries can fully shift to cryptos. September 19, 2018, 03:28:05 AM
the one thing that we will see is people don't carry too many cards in their wallet and they only need one wallet which supports for making payment of the transaction. although fiat still uses, with the cryptocurrency, it makes people easy to buy something and they can easily to transfer the amount from their wallet to the other wallet. maybe this will happen in the future when all countries convert to cryptocurrency.
I dont understand how that will make the government to think about the application of crypto currency in the real world and thus change everything from the fiat to the crypto currency. Thats utterly ridiculous. The crypto world and the real world are different things. They both run on trust factor and fiat runs more onto the traditional way of trading which is running since thousands of years now. The banking sector is very much strong in handling all the current financial situations with its tried and tested system which keeps improving itself all the time. I dont think crypto fit in somewhere here, its gonna take the lifetime.
September 19, 2018, 03:13:54 AM
If that's going to happen for the first time that all countries will embrace cryptocurrencies then probably it will be the day where we can see an increase of crypto prices as more people are demanding for cryptocurrencies. So many great things is going to happen and different countries have their own strategies too no how they would handle and utilize cryptos to its full capabilities. Surely, it will be an extraordinary day for cryptoworld as a whole.
September 18, 2018, 11:47:22 PM
It is certain that this will not happen in the near future. Only when governments and central banks have total control over the cryptocurrencies only then. Bitcoin is designed as a decentralized currency, so any government or banking control is tackling the very essence and reason for the existence of Bitcoin.
Honestly, you idea is conflicting, you tend to say they will not happen but then stated that it will happen once the government and central banks have control over cryptocurrency.
As far as we know, cryptocurrency is either centralized or decentralized, so I believe it is very possible for the world to convert to cryptocurrency but the problem would be, there are lots of people, who are unable to use or access the technology, will be left out. The possibility of people going back to barter system will be possible for the given reason, that is if they make the paper money obsolete or not usuable.
September 18, 2018, 11:19:17 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 know that there is a lot of people in the forum that want to see something like this happen but they need to stop dreaming, I really think the cryptocurrencies are going to be used by a significant portion of the population of the world but that's it, governments themselves are not going to adopt cryptocurrencies because they are very comfortable with the system they have created. 
September 18, 2018, 05:33:57 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?
It's depends to the country if they choose crypto as they adopt the crypto to their country. And I think many things will be consider if a one country choose crypto using to their everyday life. And before that happen many things will be discuss to consider. September 18, 2018, 04:13:45 PM
There is a long road till that! Biggest problem would be which country possess how many coins. Many countries would make their coins and who knows how many of them and try to explain that their coin is the best and most valuable... And I don't think they would accept cryptocurrencies that are already on the market!
September 18, 2018, 04:08:26 PM
That could the rise of the era of cryptocurrency that the different countries are joining and accepting cryptos , it would bring unity in the cryptocurrency world ,because there are no more denial on crypto use in every country and this would benefits more to the user of cryptos and the entire cryptocurrency.
September 18, 2018, 03:53:34 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?
If all countries are converted to cryptocurrency for sure every transaction will be on blockchain technology or simply it will be digitalized. The advantage of it every transaction will be fast that you don't need to fall in line in shopping malls, but the disadvantage of it is it will be easier for hackers to steal all of your money.Jump to: