Topic: Will Societies Embrace The Crypto Finance Model? (Read 156 times)
CNBC has news about seller asking 30 BTC for house in Florida . So society is slowly adapting the change.
hero member
Activity: 672
Merit: 500
ADAMANT — the most secure and anonymous messenger
I think that different goverments might accept bitcoin as a currency or other wrll established crypto currencies as some sort of currency. I doubt they will ever embark to make it a worldwide currency as that means alot of countries will need to agree on worth and so forth based on what stuff costs in their countries. For example the United States might have a issue with lets say Africa having same costs as right now one African dollar is no where as near in terms of buying power as a American dollars.
Some financial systems that look good on paper may not succeed. There is no system where equality and sustainability can last forever that includes blockchain. Things will always change, it's just a matter of time.
Sometimes we wonder how long the current financial system can endure. Given how well Bitcoin can perform to lift up some economies in certain regions, a new financial model is quite necessary.
This article: http://freedomwithcrypto.blogspot.com/2017/12/will-fiat-currency-hold-back-bitcoin.html really fleshes on it.
This article: http://freedomwithcrypto.blogspot.com/2017/12/will-fiat-currency-hold-back-bitcoin.html really fleshes on it.
Jump to: