Topic: Would cryptocurrency as a real currency be functional? - page 2. (Read 196 times)
Yes it would be, as long as the whole world could see the good things that cryptocurrency will bring to the new and next generations in the near future.
I think right now it is already since it is already disseminated amongst countries. Some of these countries even started it as a purchasing power to buy some necessities. Its a bit vague when you're asking cryptocurrency as a real currency. It is! why was it called cryptocurrency in the first place. Everything with value will be functional and will still be.
Other than companies which focuses on security and technology to improve their cryptocurrency, what do you think if cryptocurrency is a real currency? Would it be functional, effective, useful, convenient?
I do not think so UNLESS it is EFFECTIVELY regulated by governments. You know, it is an innovation that comes with so much legal issues because it knows no jurisdiction to speak of. It actually encompasses and surpasses all States I know of, and guess what, it very well penetrated a good number of the populace. The encryption it was made of makes it very technical and thus difficult for governments to trace transactions for proper regulation in terms of identifying criminal activities (money laundering, drugs, and etc.) and taxation. If all data is heavily coded, it will be harder for the governments, respectively, to monitor all the aforementioned. If there is no proper taxation, for instance, how can governments sustain its cause? The effect would clearly be chaos as I see it. Imagine a world where people at large are given so much power in terms of how they handle their monies across borders? How dangerous that is.
Physically, bitcoin isn't a real currency we can only see bitcoin in the form of value or the amount only. Bitcoin has a distinctive character that isn't owned by any other type of currency, that is functional. With its functional nature bitcoin is able to make its users feel comfortable and we can also use bitcoin in various ways either as currency, tradable item, or something that can be invested. Since the first time i used bitcoin on September 17, 2017 my economy has been helped and it makes me feel good so for me bitcoin is very useful and can be used as an effective solution.
Cryptocurrency is the real currency they will be very useful, the transaction cost is very low, you can easily transfer and receive between countries without any intermediaries. Time is very fast, it only takes a few seconds to a few minutes. And you can take Cryptocurrency to any country you want without having to exchange currency. That is the benefit if cryptocurrency becomes the main currency of the world.
The thing with Bitcoin is that it can be ever changing, so yes it could be functional in any circumstance. Becuase if we did hit the point where we REALLY needed to scale because a good amount of the world wanted to use Bitcoin, I think the miners would be able to do it -- I think they'd go for it too. Bitcoin isn't like anything else, we're able to do some crazy things if we need to -- like the lightning network which I really want to succeed.
So yes, I fully do think it can.
I do agree bitcoin can be functional being use as a real currency. In this digital world that we are currently deal with bitcoin can be a great tool as a mode of payment. Yes Bitcoin isn't like anything else, its flexibility and transactionally very convenient. Just a certain studies and public acceptability can make it posible. So yes, I fully do think it can.
Yes it is! functional as it's settings. bitcoin is a digital currency so it's also deserve technological activities. yes your explaining all attributes is have within bitcoin.
Yes. The technology is designed to be changed over time such as Lightening Network. It has a long way to go to be able to handle 7 billion users, but as technology and time progresses so does the change of this becoming a universal currency.
It will be useful & functional once the security and scalability is at its best. Minimal transaction times and costs is why cryptos are so special and interesting to use as a currency. This probably is the most important usecase for the whole technology.
The thing with Bitcoin is that it can be ever changing, so yes it could be functional in any circumstance. Becuase if we did hit the point where we REALLY needed to scale because a good amount of the world wanted to use Bitcoin, I think the miners would be able to do it -- I think they'd go for it too. Bitcoin isn't like anything else, we're able to do some crazy things if we need to -- like the lightning network which I really want to succeed.
So yes, I fully do think it can.
So yes, I fully do think it can.
Other than companies which focuses on security and technology to improve their cryptocurrency, what do you think if cryptocurrency is a real currency? Would it be functional, effective, useful, convenient?
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