If all of around country in the world agree for bitcoin as the payment, we can imagine how much profit we can get by growing fast of bitcoin and altcoin price. but so far many country still not allowing for bitcoin using as payment system.
You are right it will be all profit for us and it will help us to make more income, actually the price of bitcoin is almost about the number of users and the number of investors, so if more people will buy bitcoin the more price of bitcoin will get high and it will be more income so it is all our benefit we actually need to help it make more famous and more popular so that more countries will accept it,. 
Topic: What will happen if the all countries convert to cryptocurrency? - page 26. (Read 12670 times)
September 18, 2018, 02:58:25 PM
September 18, 2018, 12:54:44 PM
States, governments with their state bodies are unlikely to switch to the use of decentralized crypto currency. Citizens of these countries will transfer money to use crypto currency. If citizens mainly use crypto currency, the main drawback of this will be that by that time all data about all transactions in the crypto currency that will pass through exchangers and outlets will be transferred to the relevant authorities and therefore the state will have almost all information about transactions of citizens in the crypto currency.
September 18, 2018, 12:09:34 PM
The moment all the countries convert to crytocurrency would be the beginning of many amazing things to happen to the world and the financial sector, the process sending and receiving funds worldwide would become very fast and easy, it would lead to growth of businesses and make life easier for citizens of the world.
I agree with this. The currency will come to a new face. The cryptocurrency will lead the world and help everyone to have a better life. Easier and accessible transactions will be done at the same time fastest way. This will help our daily task to be an instant. This thing is not impossible to happen so lets just hold for now.
September 18, 2018, 11:48:20 AM
See each and every activity has its own pros and cons. Adopting cryptocurrencies for the nation might sound a great idea but I believe that we are not ready for it to run the entire nation based on international currency with volatility. On the other hand, Crypto is all about self-responsibility and we are not mature enough to use cryptocurrencies, in my honest opinion. We must build awareness on the mass level before implementing the actual decision.
September 18, 2018, 09:34:19 AM
The moment all the countries convert to crytocurrency would be the beginning of many amazing things to happen to the world and the financial sector, the process sending and receiving funds worldwide would become very fast and easy, it would lead to growth of businesses and make life easier for citizens of the world.
I agree with this. This is the future what everyone deserves. This is surely give satisfaction to everyone especially to those business sectors because doing transactions is much easier at the same time accessible. Using cryptocurrency as the new form of world currency is something that will help us in our life to walk faster.
September 18, 2018, 09:16:48 AM
While this is impossible because we do not know all the possibilities of cryptocurrency completely and it will be dangerous now to completely switch to cryptocurrency. For this we need some more time to fully understand their potential and boundaries. Well, if it had happened that all countries would have switched to cryptocurrency, that would be a mess, because only a small part of the world knows how to use cryptocurrencies and governments will have to train others and there will be problems, so if we will come to this, it will happen not soon.
September 18, 2018, 09:12:40 AM
Current amount of money in the world is roughly $80 trillion. If all the payments were carried out in cryptocurrency, Bitcoin with its 60% of total crypto capitalization and 17.2 million circulating supply, would cost roughly $2,800,000. This is what can happen if all the countries convert to cryptocurrency. Isn't this something all of us are waiting for? 
September 18, 2018, 08:54:03 AM
Government can make their own cryptocurrency but the different thing between bitcoin is government cryptocurrency is decentralized crypto. Bitcoin is decentralized cryptocurrency and government can not control the supply. I think government cryptocurrency like fiat money but in digital format
September 18, 2018, 07:16:58 AM
If all of around country in the world agree for bitcoin as the payment, we can imagine how much profit we can get by growing fast of bitcoin and altcoin price. but so far many country still not allowing for bitcoin using as payment system.
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September 18, 2018, 07:00:52 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.
September 18, 2018, 06:14:43 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?
Which countries exactly are going cashless? Are you sure you’re still in this world lol?. Because I don’t know any country in this world that is going without cash. Everywhere you go there is cash which is main thing we use. Then banks use the help of the technology to make things easy for us, that’s by making use of banks app. So I’m sorry your very wrong. 
September 18, 2018, 03:29:11 AM
For one thing, a country can't pump up it's currency by simply expunging other currencies and even manipulate their marker because the currency is decentralized. Further more since crypto currency will be Internet based, i think the internet will have a wider range and a more ease in accessing. I just hope it does come true.
September 18, 2018, 03:18:30 AM
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.
September 18, 2018, 02:47:17 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?
If most of the countries are going to convert into cryptocurrency then there is no way for other people to use their fiat and everything will be a digital transaction.
September 18, 2018, 02:31:07 AM
I think it will make the country very risky and maybe it can make the country become a developing country, but to be able to change cryptocurrency payments it must make the economic conditions in the country be good first and provide information about cryptocurrency in the country so that many people can use it.
September 18, 2018, 02:10:14 AM
Maybe crypto currencies will revolutionize the world. And making its crypto currency recognized as a global currency in the future.
This is a beautiful dream but i do not think that it can happen every. This will pose a possible threat to the demand of USD and the US would never love that. Yes it can be accepted as secondary currency which will bring ease and you would not have to go to the exchange or bank to convert your currency. Besides, majority of the countries are in sheer financial crisis and they just cannot pay attention to this new system and might not be able to accept it as a secondary currency because the demand for their already degrading national currency will further decline.
September 17, 2018, 01:34:48 PM
Citizens can switch to the use of crypto currency and the state can legalize it or not. However, the state itself, that is, the system of state bodies, will not switch to the use of decentralized crypto currency in their financial calculations. Any state will only support its national money and its centralized crypto currency, if it is created. Decentralized crypto currency is not needed by the government.
September 17, 2018, 01:11:58 PM
If in the current time, all countries are switching to Cryptocurrency, the world economy may have a problem affecting it. But sooner or later, the world will have to move to Cryptocurrency
Of course a much crypto currency is important for us it will surely happen so it is good to happen right now; if our world will convert to crypto currency so it will be easy to use it all over the world and people will be happy to have it, they will not have to hide or to convert their bitcoin to money as they will be able to buy any kind of thing with bitcoin at any time it will be great time for all of us for sure. September 17, 2018, 01:08:25 PM
If the cashless society is fully adopted and operational initially it will very difficult to operatevdue low level of orientation and obviously going to take time to be integrated fully into the society of course with the introduction of cryptocurrencors as a digital currency its gonna be much easier provided that the scalability issue had been resolved to ensure swift and faster transactions.
September 17, 2018, 11:13:01 AM
Cryptocurrency will bring a society without cash, with only technology and technology. People will bring high intellectual development, paid for in applications, if the cryptocurrency is used properly, it will create a rich economic situation.
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