Any currency can play the role of the world. Even seashells can play the role of world currency. It's just a question of the will of governments.
And therefore, it will not be choosen for its functionality, but for political reasons.
Topic: Which crypto currency is technically ready as a world currency (Read 905 times)
November 10, 2017, 10:44:09 AM
My point is it is technically ready not the public is ready for it. Note however if it was fiat money then it would be valued in itself. It is actually possible to create a blockchain with inflation (quantitive easing) just allow pre-mining to appear at any block, or allow for the difficulty of mining to be adjusted. Or send payment directly to people's wallets from a minter(miner) tax
Which by the way was what Milton said was needed for fiat to work without a central bank. (The central bank is a hack)because the technology was not available in the 40s.
Which by the way was what Milton said was needed for fiat to work without a central bank. (The central bank is a hack)because the technology was not available in the 40s.
Interesting - could you point to any link or reference?
November 08, 2017, 05:44:03 AM
Crypto should be used alongside the current currencies we have today. The acceptance of crypto on a global scale would require total effort from everybody. So a possible solution for this is the slow integration of Crypto towards everyone's daily lives. It is already onto a good start but would still have a long way to go. It just needs to keep on growing and keep on receiving support to be able to keep up with the world. But sooner or later it may actually come down for crypto to be the currency used worldwide. This shouldn't just be of concern for developers but fact is, the greater number of people sharing one goal, the faster it will be achieved. And to do this we should just keep on giving them a reason to want to develop crypto.
November 08, 2017, 02:42:35 AM
Yup agree dash is a possibility. IMHO has a better shot than bitcoin at adoption.
November 07, 2017, 05:22:57 PM
Everything has its time. Without doubt, it is a future, but world should change for this future to become present.
Not in 5 or even 10 years, my opinion.
But the good thing is we will be prepared.
Not in 5 or even 10 years, my opinion.
But the good thing is we will be prepared.
November 07, 2017, 04:01:58 PM
I believe that Dash can be massively adopted when they will do what they want.
Instant transactions, modern web and phone wallets (in development) and pretty secure network. You can find more info on www.dash.org. I myself have invested a bit of money into dash and intend to hold and if the project will be promising enough over time then I will continue to buy at dips
Instant transactions, modern web and phone wallets (in development) and pretty secure network. You can find more info on www.dash.org. I myself have invested a bit of money into dash and intend to hold and if the project will be promising enough over time then I will continue to buy at dips
November 07, 2017, 03:34:06 PM
Historically the father of all technologies are not the ones that get mainstreamed. I'm not posting this on Arparnet with my smartradio
November 07, 2017, 02:01:18 PM
I think there are none... but BTC has the best progress into becoming world currency...
BTC is like the father of all crypto, with its price rising from the past months, BTC becoming more and more popular in the world... but still, not ready yet to be world currency...
there's still a long way to go ~
Yup, maybe sometimes in the future, we hope so ~
BTC is like the father of all crypto, with its price rising from the past months, BTC becoming more and more popular in the world... but still, not ready yet to be world currency...
there's still a long way to go ~
For me nowadays only bitcoin. This coin has such bigger expierience in this type of "big" scale popularization that it could be the world currency.
Yup, maybe sometimes in the future, we hope so ~
November 07, 2017, 11:16:38 AM
For me nowadays only bitcoin. This coin has such bigger expierience in this type of "big" scale popularization that it could be the world currency.
November 07, 2017, 10:28:04 AM
My point is it is technically ready not the public is ready for it. Note however if it was fiat money then it would be valued in itself. It is actually possible to create a blockchain with inflation (quantitive easing) just allow pre-mining to appear at any block, or allow for the difficulty of mining to be adjusted. Or send payment directly to people's wallets from a minter(miner) tax
Which by the way was what Milton said was needed for fiat to work without a central bank. (The central bank is a hack)because the technology was not available in the 40s.
Which by the way was what Milton said was needed for fiat to work without a central bank. (The central bank is a hack)because the technology was not available in the 40s.
November 07, 2017, 02:48:58 AM
Also most of the people are not aware of cryptocurrency, specially most of the people around the world are not sure about it. Yes it is booming now but imagine if it would become as a real world currency the price of it will sky rocket and as you know most of the prices of cryptocurrency is really high right now.
November 07, 2017, 02:01:21 AM
Disagree we have dozens of stable blockchain ls solar-backed gold-backed computational backed. Any would be a viable replacement for bitcoin with the right marketing but would be on the level of pre ww2 fiat or asset backed money. Probably not quite able to reproduce current credit levels of fiat though
November 06, 2017, 09:10:28 AM
At this stage, I think we are still in the early phase and it will take at least a decade to make it almost stable in the possible ways. We have some serious issues with Bitcoin including high transaction fees and undecided legal status in most of the countries. The number of people using Bitcoins is very less as compared to that of fiat users so I believe that 10 years is a suitable timeframe to expect something concrete from it. Technically Bitcoin is a global currency even at this moment.
November 06, 2017, 07:44:40 AM
Cryptocurrency is the inevitable future. While there are many issues with the current technology, they can be overcome. In time Cryptocurrency will be way superior to fiat currency based monetary systems.
To build a sustainable and self-sufficient economy based on Cryptocurrrency, the following MUST be achieved:
- sub-second transaction times (compared to current Bitcoin transaction times running into minutes or even hours)
- sub-cent transaction costs (compared to current Bitcoin transaction cost of a few Dollars)
- scalability (the current block chain is not scalable to handle a sizable economy)
- controllable price stability (control being democratically vested in the community)
- simple and accessible interface to laymen
To build a sustainable and self-sufficient economy based on Cryptocurrrency, the following MUST be achieved:
- sub-second transaction times (compared to current Bitcoin transaction times running into minutes or even hours)
- sub-cent transaction costs (compared to current Bitcoin transaction cost of a few Dollars)
- scalability (the current block chain is not scalable to handle a sizable economy)
- controllable price stability (control being democratically vested in the community)
- simple and accessible interface to laymen
So jute or similar then? https://github.com/Taek42/jute
November 05, 2017, 11:55:33 AM
Cryptocurrency is the inevitable future. While there are many issues with the current technology, they can be overcome. In time Cryptocurrency will be way superior to fiat currency based monetary systems.
To build a sustainable and self-sufficient economy based on Cryptocurrrency, the following MUST be achieved:
- sub-second transaction times (compared to current Bitcoin transaction times running into minutes or even hours)
- sub-cent transaction costs (compared to current Bitcoin transaction cost of a few Dollars)
- scalability (the current block chain is not scalable to handle a sizable economy)
- controllable price stability (control being democratically vested in the community)
- simple and accessible interface to laymen
To build a sustainable and self-sufficient economy based on Cryptocurrrency, the following MUST be achieved:
- sub-second transaction times (compared to current Bitcoin transaction times running into minutes or even hours)
- sub-cent transaction costs (compared to current Bitcoin transaction cost of a few Dollars)
- scalability (the current block chain is not scalable to handle a sizable economy)
- controllable price stability (control being democratically vested in the community)
- simple and accessible interface to laymen
November 04, 2017, 11:34:06 PM
I want to see those days where bitcoin is used for day to day transactions . But I think it may take more days than I think.But btc is fully ready to be used.
November 04, 2017, 11:32:45 PM
Yes.Bitcoin can be fully used as a currency.But as it is not mined completely.It may cause fluctuations that no one likes.
November 04, 2017, 11:30:10 PM
Bitcoin cannot be used now for buying things and etc because it is very much volatile.
November 04, 2017, 11:25:02 PM
Bitcoin is technically ready to use.Also we have other crypto currencies with added features but I think they are not necessary.
November 04, 2017, 03:31:00 PM
What will happen? Is Bitcoin today technically ready? Or do we need further several technical improvements? If not Bitcoin which crypto currencies is technical ready?
Bitcoin was technically ready from the day Satoshi put the first node online! It's not the currency we're waiting for, it's the world!
People aren't ready for this new currency to exist in every day places. Merchants aren't ready to say "Bitcoin accepted here!" Those two groups need to mature in their comfort and become more aligned if Bitcoin is going to be a widely used currency.
People aren't hodling bitcoin because they're waiting for it to be accepted as currency. They're holding it because it's worth more tomorrow than it is today, literally.
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