Bitcoin Forum

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money

How can it be?
Why would any country accept a totally global digital currency as legal tender in their country?
A currency with open source coding and not controlled by anyone,
A currency which can be forked by anyone at any time.
The answer my friend is no.

Cryptoncurrency is the new trend of economic of the world.

Cryptocurriencies It is the electronic currency  that we can use for everything  cashless we can use for the mode of payment  sending receiving and everything

it would take time i guess, it needs a solid system that can protect from misconduct behaviour, but if we see currency in exchange system is actually based on trust between two parties, cryptocurrencies could be the future "money", because trust in fiat money is decided by one party, the bank, but in crypto a lot of "people" decide wether your account is legit or not, and i think that would be the main concept in the future.

In the future, people will have opportunity to harvest what crypto has done today. Just like tractor in the past, people were saying if all farms will be cultivated using tractors then what will people do? hahaha. Now... We even need more tractors and we all still have to do a lot of tasks.

I don’t think that decentralized cryptocurrencies will replace government currency but they probably will eventually be used as an alternative form of payment to credit cards and PayPal.  I also think cryptocurrencies will have other functions like store of value or specific functions like internet of things or data storage or various other uses that these altcoins are being created for.

Digital Money or Cryptocurrency has value for being as valuable as money. Cryptocurrency has the properties of money that is durable, concise, exchangeable, rare, can be shared, and can be recognized based on mathematical formulas rather than based on physical form such as gold and silver or confidence in the center such as paper currency.
Crypto currency is better than currency, but that does not mean Crypto currency can replace the old currency. that bitcoin technology is a technology that can "make money move between countries easier and get costs down  dramatic considerable.
Experts agree that bitcoin will not be dominant, because bitcoins are unstable to become a reliable currency. But there are also countries that have started shifting cash and developing bitcoin.

I also expecting cryptocurrencies as means of payment online but not as to replaced the existing local money since it would require a device and energy to operate unlike flat currencies that can be used directly.

Yes, it could be and it is possible to happen. As of todays generation bitcoin cryptocurrencies is legalize and well known all over the world. In that case it could be universal and a meduim of exchange. We are very glad to meet bitcoin world because the cryptocurrency has a biggest value and it could also be converted into real money eventhough it is virtual money.

It could be, it just needs a process that is not easy.
At this time alone crypto has been banned in some countries, whatever the government wants. In fact, crypto can help countries in trouble.
This requires regulation from around the world if it wants crypto to be a legitimate means of exchange.

In a brief explanation, cryptocurrency is built as a systematic virtual digital currency which means that it could be only process thru the presence of a specific devices or machines. It wasn't be converted by physical or fiat money because it's not durable or untouchable. It may consider as a global tender when base on a virtual transaction, meaning  it's by a computer program

Why couldn't it be? People don't need a country's permission to use cryptocurrency. If people worldwide accept Bitcoin as a means of value transfer, then it could very well become the world currency. Perhaps even the UN might legalize it even if individual nations see it as a threat.

There is no problem for that to happen unless and until it gets the legal tender in every country first! Lolz! Thats the first challenging stuff I guess which we need to surpass and then we can think about the global legal tender.

Bitcoin, is still nerve wrecking for many countries and the government along with the banking institutes are unhappy that it even exist. It is taking away the investment that should be going into the banks, golds, stock exchanges etc and thus making the financial stability theoretically unstable!

The problem? The problem is with different countries and different regulations that they play within their own country. For global summit to happen it is really necessary that all the countries will come to the same page and then decide the ultimate fate for it.

I dont think so , cause now there are some people who do not know how to process it and for the people who are lack of knowledge about it so i dont think it will happen.

I think it will be quite intimidating if the non-surveilled finance system is controlled by whales.
I tend to believe government intervention can sometimes be a means of protection.

Altcoins are just create for any various usage such as internet data usage and I don't think crypto currencies can change the government currencies well they use crypto currencies as alternative currencies to the government currencies.

If it will holds all of the market cap of the world then it will probably becomes the universal means of exchange but until there is fiat currency that controls the system of exchange, it is hard for the crypto to change it. Soon, it will come to the point that the means of exchange will change by cryptocurrency.

If yes, then it will be big helps many people for their transactions. But unfortunately bitcoin has scalability issue. I don't expect much about maximum number of bitcoin users, I think it only  30% of all people in this world are who can use bitcoin maybe the rest will use ETH or Other sophisticated altcoins, I still don't think that all people will use cryptocurrency, maybe only 35% is the maximum percentage. It doesn't mean that ETH will replace BTC, people will always prefer to use BTC than other cryptocurrency.

Of course yes but no with the current cryptocurrencies. Big conglomerates like jpmorganchase already develop own distributed systems

Yes I do think that cryptocurrencies can exist alongside with state-back currencies (fiat or crypto) and that one day we will be able to use cryptocurrencies together with our own countries' cryptocurrencies (crypto-USD, crypto-Pound, crypto-Yen etc) but this can only happen if there is a means for govt to monitor and control the flow of these currencies.

If there is proper KYC and accounting of cryptocurrencies such that govt can know where you gotten your BTC or ETH, then I think they will allow these currencies to exist alongside their own currencies.

Else the foreseeable future of crypto is an asset class much like gold or commodity.

I say Yes, But i tooks along time and the process to accept cryptocurrency become universal means of exchange or global legal tender like physical money. Because not all people leaving in different country's really don't know what is cryptocurrencies, How it will  works and what is all about.

Maybe in the future, because cryptocurrency needs to be legalized first for a country to be acknowledge it as a legal tender. A government cannot rely on a currency with unstable value so it really needs to have a standard and regulation first to be utilized.

It will not happen as a universal but it can use as a universal mode of payment but not totally, it can only use as an alternative way. So for me, cryptocurrency should loved and accepted as this will truly change the world.

Bitcoin will never become a global legal tender, but do not get discouraged you can already use bitcoin all over the world despite that in many countries bitcoin is not even a currency, that is the great thing about bitcoin we do not need permission from anyone to use it so even if bitcoin never gets recognized as legal tender we can use it as such, what we really need is not permission by governments but adoption.

Yes! Cryptocurrency may not be a world accepted currency because is an Internet base currency and many people,especially in the developing countries may not get the required computer knowledge to used bitcoin and other cryptos online. Also, it has central control like the fiat money.

Well one thing is we can never know if it can be used for worldwide exchange. You're right about the fact that it's already being used now in many ways but there may come a time, when all the regulations are laid out and most countries see the good in bitcoin, when it will overtake fiat as the main currency available. Again we'll never know

Everything depends on governments. In Swidzerland in Zug friendliness to crypto-currencies is in evidence all around. A city hall and several shops including wine merchant's accept bitcoin, as well as some public services. Residents can even get the blockchain-based digital identity.

cryptocurrency is more than a currency or an asset .. ...an even bigger advance is the fact that the development in cryptocurrency space leads to the internet 3.0 .....thats a huge progress

It is possible if whole world understand the importance of cryptos, still now there is a huge conflict between government, banks and crypto users.
Many community members are against the regulation of cryptos but i believe that it is the most feasible solution because of it cryptos will widely began to use across the countries in shops, retailers or restaurants etc.

Why are you saying that. Bitcoin as already accepted as legal tender in Japan, and Venezuela is already doing the same right now. We also have some states that are trying to allow it's citizens to pay their taxes with bitcoin, although I think it will still be seen as property there, but I'm not sure about that one. It all depends on how regulation gets done, but it will perfectly normal for that to happen in the future. I don't see bitcoin replacing fiat, but being accepted as legal tender is possible, and it is already happening.

Well, as universal means of exchanging few countries have declaring there legality between digital currency and the national currency of a country. But as of a second currency only allows the digital money. Some countries also have studying what was the impact for the country if they digital currency has legally accepted that was the government undecidedly to accept as of now.
 

I don't think so. Maybe if there was only one coin, with no body being able to copy paste new coins. But that's not the case.

With or without the recognition of anyone, bitcoon users are free to transact even for international transaction. Bitcoib are now actually use  in buying goof and services, this allows bitcoin to necome an universal means of exchange even though not recognized as it is. Bitcoin have grown really fast, more and more are now accepting and adapting it. Bitcoin is now becoming more than a form of payment and more like an asset that would rather be choise to hold than to spend.

I agree mostly. I wouldn't call it internet 3.0 though, although it's comparable.

I think Email 2.0 would be better. Peer to peer money, no need for a third party. It can't host millions of websites and institutions though.

Cryptocurrency is used much faster than cash.
Cryptocurrency is absolute security and absolute anonymity.
Transaction costs of cryptocurrency are much lower than bank transaction fees.
With cryptocurrency you can carry huge amounts of money everywhere by remembering the username and password of your website hosting coin.

could happen, but it would be very difficult to realize, because each country already has its own money that is used as a means of payment and is bound by law. need a very mature planning to be able to realize it so that later will not cause turmoil in the economy in every country

Cyptocurrency is a digital currency.its a virtual currency.its one kind of payment of online.transaction cost of cyptocurrency are low.cyptocurrency are totally secure system.

Yes I think it is possible for bitcoin to become a physical money and mode of exchange. However, this idea would still be a long run for bitcoin since as of now bitcoin is continuosly banned by other countries and if this will become a legal tender, government will still have to review and learn more about bitcoin and pass a bill for a regulation to be accepted by all people and all country as well.

cryptocurrency digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank

For universal exchange of currencies it would be possible. But to be a global legal tender like physical money I don't if other country will agree with it. Because not all countries are using crypto currencies. Other country banned the crypto world because they don't know the worth of crypto currency and also to avoid the scams.

Cryptocurreny is not only a new trend but the miraculous kind of value price which people and everyones member sorrounds crypto world will really transform into a wealthier elite.Trusting cryptocurrency for unit of an income is the most terrific situation right now, especially when we know that every day or every month the impact of people with individual income was very huge.

yes it is possible. current and future cryptocurrency will be a global transaction tool. many countries that ban bitcoin do not mean the country is rejecting cryptocurrency, developing countries will soon create a legitimate virtual currency.

The digital currency cannot be an effective means of circulation.

It's the lack of elasticity of supply.

That creates currency instability.

a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

Is decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation"

A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets. ... Bitcoin, created in 2009, was the first decentralized cryptocurrency.

probably it will become in the future. As we see, more and more governments are becoming crypto-friendly. And yes, I believe that will keep happening in the future.

It's question confuse me. How cryptocurrency (digital) can be physical money?

It can be used by many worldwide but cannot be effective to replace as a global legal tender to replace physical money. Because other countries cryptocurrency banned by the government. Yes it could lead to lack of supply and also still physical money be used by means of payment in the future.

I don't think it can be happen, all we know there some countries crypto currency is banned and they have government not legalize the Digital Currency. It's possible but not easy and long way process.

Cryptocurrency is slowly winding up, climbing and changing the economic standards. Cryptocurrency is in the trend right now, but what if people will convert it all to a virtual ? which means that cryptocurrency is still a sub-currency means of exchange compared to the traditional money. It's more preferably to say that cryptocurrency is the new way of investing and profiting of money.

An option maybe so people can have choices in which way they are going to pay their purchases but to be one single global currency, i’m not sure. If i am a merchant, i will also think twice in accepting bitcoin as a payment, not because i dont trust bitcoin but it is difficult to determine the value. If my business is active and my capital goes in and out fast then crypto will not be able to cope up with speed. I mean my money has to roll out everyday, if all that i have is bitcoin and the price is down so i need to wait for a better days to have a more better profit also so what will happen to my business.

Cryptocurrency is a digital money, it cannot be the global legal tender. Because physical money is cash, such as banknotes and coins. And surely physical money has a value.

It can be legal and can be used as a currency but not as a legal tender and you are right there, the legal tender is quite far to the definition of being legal and with that for sure many countries would appeal if the national government will pass law to unite and make bitcoin as a legal tender.

Well its hard to say. Because no one is guarantee to happen nowadays. The technology are continue to improve and we all know that bitcoin and other  crypto's are run thru online with the help of technology. And because this is the new era. It is not impossible for that to happen. All we need to do is to be prepared and adopt to the ever changing world.

A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation. Cryptocurrencies make it easier to transfer funds between two parties in a transaction; these transfers are facilitated through the use of public and private keys for security purposes. These fund transfers are done with minimal processing fees, allowing users to avoid the steep fees charged by most banks and financial institutions for wire transfers.

Not really impossible to happen but not in the whole world. Some of the country's government didn't want to allow crypto currency since it can cause some illegal problems. Illegal transactions can brought to a country through bitcoin. Several governments just want the best for their country by not tolerating illegal transactions by anonymous senders or receivers.

Cryptocurrency don’t need replace physical money cause its better on its own way, its given that fiat money will never die but this kind of technology will help us to enjoy more in the future. The supply with cryptos is not a problem, because we all know even stock market doesn’t run out of supply its a matter of demand and it will create supply.

I think its more ok with that. We can easily transfer/send money to the different parts of the world. But it takes more time to spread. It should be like the USA will introduce cryptocurrency to some countries and that is the time that their governments will start to study the good benefits of cryptocurrency.

Yes, maybe it will be the only thing that people will use in the future. As we see, we all now use computers.

Strongly agree with your opinion on this. The biggest challenge of bitcoin and altcoin become to be a global currencies is government or country. The decentralization system is very much the opposite of government regulation, because to regulate bitcoin the government needs to interfere, for example in transactions, essentially transactions in cryptocurrency mostly use peer to peer system so it only needs sender and receiver and does not need any third party.

That is the difficulty for governments to legitimize or regulate bitcoin as a means of transactions. And yeah, every country has its own rules and will be at least different from other countries it will be another big challenge. I think it is quite happy for me if all the countries legalize bitcoin as a place of investment and place of trading, if to become global currency and replace physical money I am not sure about it.

Cryptocurrency to become a global legal tender requires allot of governmental co-operation and approval. Different levels if community guidelines and security measures have to be followed for something like this to happen.

Proper access to internet and knowledge about how to use it shall be readily available before any such step.
Knowledge about the cryptocurrency should also be widepsread.

This might take a very long time to happen but certainly digital money is the future. Paper money will vanish one day or the other depending upon the speed of development and rate of empowerment of different countries and their governments.

In this world, where things are getting changed quite rapidly and this world is evolving in so many ways, crypto currency is one of the greatest revolution this world has ever seen. This is not only the best way of keeping our money safe but it also helps us in having more money in return due to continuous increase in its market value. The demand of crypto currencies will keep on increasing in future due to its number of advantages.

Cryptocurrency is  money with wings you can send buy pay true this even a miles a way from your transaction but this currency can't replace the fiat money of very country
A country has a history and you will see that on there Fiat money
All people is need to accept that crypto currency is a kind of currency

For me, Cryptocurrency as of the moment is playing a big and important role now in digital industry even markets. due to the fact that many people now are earning cryptocurrencies or they are paid in cryptocurrency as salary to their jobs of if it is an online job. Even now with markets, online markets accepting cryptocurrencies as payment, so we will not be surprise if one day crypto world will expand though there will still be people who does have and don't know how it is or use it. I think it would be better if they will make one curriculum in school today to introduce digital money and how it will be operated.

It's hard to say for now. The current situation points that it wont be used as a legal tender or atleast in the near future. Crypto currency right now is closer to gold or stock than it is with money. And you dont see people flinging there stocks or gold to buy their items.
Additionally, it's way too valuable right now to trade like money. its price fluctuation is overwhelming. If you buy a pizza today with BTC, it could be worth a car tomorrow.

I think it already an universal exchange,cryptocurrencies have already value in different countries.It is already exchangable,but i don't think it can be a legal tender.Specially the word legal,governments are not yet consider cryptocurrencies as legal.Maybe someday but it will take time i guess.

It can but we have to set up our own market place which is already existing so its happening.
Yes, it can.

i do agree with this opinion, it's just all about the matter of time anyway.

Currently bitcoin payment systems are being used all over the world. A simple google search can yield companies already into accepting bitcoin as a mode of payment. So it is not far out there but I have to say, it is quite slow in getting there. Especially with the high fees and slow confirmations.

It could happen, time will answer. Crypto cardiac is easy to secure and fast. But this time can not be made as a universal legal exchange tool. Because the country has a characteristic of fiat money. And fiat money will not change its position.

I think it takes time before the cryptocurrency will become a mainstream as many countries are against this digital currency. Also, the volatility will be a problem if it will replace the physical money or Fiat.

I think it can be a global currency, however, treating it as a global tender would still take a lot of time, and at the moment, is too far-fetched. Cryptocurrencies have not even penetrated the deeply in the trade, investment and currency exchange market for it to have such capacity to be considered as a global money. I think, it is more possible to reach a point when it can interplay with many of the currencies and be accepted as a legitimate currency rather than that to happen.

Ok some convincing points here. I like the way you separated the crypto currency from the fiat currency. They have no similarities at all and they run in their own different principles. So you see, there is no reason for crypto to go in the banks, in national circulation or to replace the fiat currency in first place. All is vein in front of ever green crypto field.

The supply is unlimited. The coins can gain as much value as they want and apart from that they can be divided into sub tokens too. So everything is manageable in here.

I see that we are heading in that direction, cryptocurrency is having a very high popularity and now many places that accept payment via Bitcoin. In addition, there are already a lot of exchanges emerging in various countries and it is a positive value for developing Bitcoin and cryptocurrency. We are going into that era and I think we will have a good future and create a digitized currency, one of which is to apply Bitcoin as a universal currency so that it can be used by all people.

Bitcoin is indeed the market leader today and it will be a great momentum to continue to increase the popularity of cryptocurrency.

My opinion is cryptocurrencies will become one of the main means of exchange in 2 decades, but it takes very long to absolutely replace fiat currencies. Because there are still lots of problems remained like the unsufficient circulation and volatile value. Another reasons is striking the balance between using of government currencies and cryptocurrencies will be difficult as the digital currencies are taking place of fiat currencies but most of existing financial system is based on the latter.

We see how cryptocurrency works for us and through the years locally and globally can access or can use global money in wallet to wallet. Accepting properly in each countries is still a struggle to many because not all people are into bitcoin and through the discretion method of earning or sending money away, it is a big question to other why such cryptocurrency existed. But as a whole, it's really up to the person if he believes or takes challenges and be open minded into a new way of money earning or in investing bitcoin.

It would be possible if it is in digital world or digital transaction. Global currency in virtual world for bitcoin will happen. However, if it is in physical money, it would be impossible. It is also a matter of accepting bitcoin by the government so that they can develop applications or programs that could be an exchange golablly.

It seems to me that this will not happen until the issue is resolved with the speed of confirmation of the transaction. In order for bitcoin to be applied as well as Fiat, the payment confirmation should be instantaneous. I believe this will be done, but the whales are not interested. They use only bitcoin to trade on the stock exchanges. Therefore, I think that one of the altcoins will be used to trade in stores.

For me crypto currencies has no potential to replace fiat due to some reason which is it has no stable value and it can be use to scam people in different ways. And in fact that is the specific reason also why there are some country that didn't want to regulate in crypto. So perhaps crypto currencies will stay as a transparent money in the future.

It can be the mode of payment universally in the future but not now because the acceptance of cryptocurrency is not yet world wide. Some countries are more worried of it's volatility and stability, that's why they are hesitant in adapting to it.

the world must think how to make everything into paperless, and it can not be done instantly, it certainly takes a long stage and process. Whether it starts from the point, and finance, it is like that the world ahead. We are going into the age of digitalization. Very lucky if we can still live to see it happen, all transactions, work, and others are in the hand of the device that is currently called a smartphone and who knows what will appear in the future.

To be legal it must be approved in all countries so in my opinion very difficult and almost impossible, we know for yourself that there are some countries that ban cryptocurrency and now many countries have not approved bitcoin or cryptocurrency in made legal payment.

Its possible but it must be first accepted and legallized by the government worldwide for it to happen. Even though cryptos are already used in transactions, there are still some countries who do not use cryptos as a medium of exchange while some countries already banned its exchange and trading activities due to financial risk. But if the government will consider and embrace the blockchain technology and the other benefits that crypto can brought us, then i think it can be used worldwide, but will take a lot a time.

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A cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets.

The possibility is there you are right but the reason I do not think it is going to happen is because governments will do everything to avoid that and because people are really dumb, if people were not that uninterested we will not have the current system we have with fiat that can be printed in an infinite amount, so when you put those factors together it seems really unlikely bitcoin will become the dominant currency.

For that idea to be successfull we need each and every one of this world live on internet and now do you think that is gonna happen?

We do not a country to make it a legal tender. What we need is more crypto currency user.

Imagine if 50% of the worlds population use Bitcoin/Ethereum most likely retailers and wholesalers will accept Bitcoin/Ethereum. If stores accept crypto then other people will also accepts it until basically everyone will accepts it.

The Venezuelan government issued the "oil coin", which became the world's first legal digital currency.

The republic of the Marshall islands (the island nation of the central Pacific) plans to issue its own crypto currency as a formal legal tender.

The republic of kazakhstan also said it wanted to enter the cryptocurrency market and launch its own legal digital currency.

These are the nations leading in the cryptocurrency rationalization in life. I believe that this is really the right decision of these countries. Taking advantage of the great advantages of cryptocurrency in financial and monetary management is a very precise thing that these countries are adopting. The cryptocurrency market will grow significantly in the next few years.

We do not need that big of adoption, look at the US dollar, the percentage that represents the US population is very small and yet the US dollar is accepted everywhere since the US is a very powerful country, as long as enough people adopt bitcoin and their economic power is big then we will begin to see bitcoin being accepted around the world.

There is a big possibility on that coz cryptocurrency is ongoing to the whole world. Turning the world upside down at the present and in the coming days in years and more years to come. There is no percentage of doubt that it will achieve in the future if the growth and popularity of crypto increase and travel from one place to another. World wide acceptance of crypto is not hard for the people to embrace it coz they feel satisfied and comfortable than the way of fiat. I think it is more better than fiat if the people treat it as normal.

How can you say this? Bitcoins are not reached everywhere. Rather this is the only one problem that we are facing now for bitcoins. Developing teams are continuously thinking and working on it but as the hurdles are so much, a lot of bans all over the world, thus this process is getting so vibrated. We can’t provide much promotion to bitcoins, but hope for the best.

The second comment on this post already answered everything you need to know, and the answer No. Bitcoin can’t be used as a legal tender for exchange. It can be manipulated, it can be forked and lots of other things. So the answer you seek for is No.

Cryptocurrency based from its meaning a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. The goal of this guide is to teach beginners about blockchain and digital currencies. Transactions are recorded on a digital public ledger. Transactions and the ledger are encrypted using cryptography

Crypto currency can never replace government currency in a country, but this can be used as a means of payment that does not have to use cash, but using digital currency.

Agree, it just will take some time for people to learn about the tech as well so we can simplify the tech for the average person. Once these barriers get knocked down, I see mass adoption on the horizon.

Yes it surely can but still a long way until people agree to one currency which can be accepted by everyone just like the physical money. But there is nothing like a legal tender. This is the beauty of blockchain that you don't need it to be legal to use it. Its based on mutual trust itself which is actually giving rise to such a number of currencies.

Might happen. who can predict the future of a currency still hanging in beta and full of dark markets?

Do you think that bankers will calmly observe how bitcoin takes away their work? I doubt that very much. It seems to me that we are not ready to fight for the right to have a national currency. People don't want to join your efforts. Developers do nothing to reduce the time and cost of transaction confirmation. Miners go against the interests of the entire community to save their profits. Users are ready to exchange the basic principles of cryptocurrencies in exchange for the freedom to exchange cryptocurrencies for Fiat. In such conditions, can you win the fight against bankers?

Perhaps, because now Cryptocurrency is very rife developed by various companies and team engineers in various parts of the world. Even Google Ventures also invests in one of the cryptographic technologies.

More important are the properties of fiat that cryptocurrencies don't share: stable store of value and widely accepted for commerce. Without, at a minimum, both of these things, crypto is useless as a currency. Without a stable store of value, you can't save or plan for the long term or have a reasonable idea past the immediate present as to how much value you're holding in the currency, which creates economic chaos. Without being widely accepted, it's as useful as trying to pay with your Diner's Club card. People know it's a thing and that it represents money, but nobody will take it as a payment method.

Cryptocurrency such as bitcoin is now rife and has increased in the international world, but I think, cryptocurrency like Bitcoin will not completely replace the conventional currency, it's just that bitcoin will be one of the alternative currencies.

Yes if bitcoin needed to be recognized by the government in order to work then governments will never give that approval and everything will be fine for them, but it is precisely because bitcoin does not need that the reason because bitcoin is dangerous for them a country could make bitcoin holding illegal and many will not care since they will need to be caught by their government dealing with bitcoin and most small governments do not have the tools to do that.

Can't say at this stage. Bitcoin growing popularity and users positive response has to lead us to this discussion of making BTC as a global currency. But we need to understand the complexity of this process like:
1. Govt. stand on BTC legality: Not all countries have declared BTC as a legal mode of payment. Some may consider BTC as an asset, commodity, good etc.
2. High transaction fees of Bitcoin
3. Long confirmation hours and many more

I agree with you, I think it could and just need a thorough process which will be a BIG task for the Government in order to be properly put it in place. I do believe that time will come, digital currency will play a major role in our economy.

It can be. If all country will unite and regulate bitcoin. And make it safer for evrery users investors traders and holders of bitcoin. And give a high penalty on bitcoin violators.

It can only be a territorial or nationwide  means of of exchange but when we talk about universal that is pretty far from reality. It could also be a universal form of digital currency but not like the physical money because it is decentralized and governments hate it when they don't have the full control of the economy or country's assets. Some countries don't like crypto that is why it cannot be a universal legal tender and another reason is it's volatility and fees.

Nowadays cryptocurrencies are being used only for investment and fund raising purposes but i am sure that they are going to be an alternative to cash money soon. There will be a total of three options for shopping payments. cash, creditcards, cryptomoney...

The scenario is not as bad as you make it out to be, the developers are doing everything they can to improve the speed of transactions but it is something that it will take time since thy are not going to release something that is  not ready if they did they will put the holdings of everyone in danger also there are many users that will never sacrifice the ideals of bitcoin to make it easier to exchange their money for fiat.

This is not going to be. This is just a currency which is using in online by only crypto coins. There are some country which has banned the coins which are related to this system so that it can not be used at these place.

Currency will keep relation with all nation but this currency cannot beat there so that it can not be a part. People use these coins only for getting profit and only some people use it for transferring money but it is very rare.
You can get profit from this system if you can follow all rules but don’t think that it can be a legal currency system because it is almost impossible.

But in some places people are now already using bitcoin for  so many other purposes. They not only using bitcoin for shopping online but also in some places people have the opportunity to use bitcoin in their local shops for shopping, they are using bitcoin even in hotel and in so many other places for different purposes.

It is possible, as we can see some other countries welcomed cryptocurrencies. To become it universal, just like what I said only some other countries didn't banned crypto like bitcoin and that is the problem. Everyone should unite first in terms of this aspect.

That's true, This technology of paying using digital money it developed too much in the last few years, There is a lot of people use cryptocurrencies today for different purpose, one of them, is an investment. I think there is a high percent of people who use cryptocurrencies for investment, because they feel that bitcoin price will increase too much in the future, so they take the opportunity to buy more when bitcoin price drop.

These are getting very popular as this is a time of digitisation and cryptocurrencies are in demand.These are very easy to operate and just require an internet connection.You can carry as much as money in the form of cryptocurrencies.You just need to have a wallet in which you can store these virtual currencies. Cryptocurrencies are an easy way to earn money and that too in a short period of time.Investment in these cryptocurrencies is also very profitable and gives a huge amount of profit margin.

   Tosin12 crypto-currencies are already universal means of exchanges! They are
already legal in some countries, in future it will be legal globally!
   @minajeryll that is more then possibility in my opinion. I except that to happen
in some countries slower then others, but spreading will be finished once when
crypto-currencies are legal in every country. World will unite one day under one
flag.
   Xenoph0bia you talk about facts. Crypto-currencies are getting very popular, they
are easy to handle and use for anything, you store them as you like, you do not need
banks or some other services. They are profitable for people who joined I'm early stages,
I think we, people on this forum, are one of this people, we have a chance, will we use it?

In the future, if the world government accepted cryptocurrency, it would be a major turning point. Cryptocurrency accepted as a form of payment that can cause paper money to disappear and banks may end.

Yes, I don`t think that world economic can evade this. It could be realized by choosing one cryptocurrency in which you could easily convert other currencies.

You are right, especially when you are a traveler which bringing a large amount of money was sometimes not allowed in other countries, so it is better to have a bitcoin exchange anywhere in the world that we can exchange for a dollar or with their local currency as possible.

Bitcoins are not safe as the fiats which have so many middleman and so many paper records of even a cent transaction

Are you giving idea on how to ruin the stability of global economy in a single run?

I don't think that's possible because we know there are various characteristics of the digital currency that the government can't accept as the digital currency has legal legality.

Well, in means of global exchange i think cryptocurrency are not qualified to tender in physical money as valid currency towards the economic stability at this moment because government and a country has insufficient resources to cover up the lacking budget to developed in this new sets of currency.

There is no way possible that cryptocurrency can become a global legal tender like the physical money.
First and foremost, cryptocurrencies are decentralized and are not owned by any of the world's government.
Secondly, physical money is only tenable within its country of origin whereas cryptocurrencies are not like that.  They are not restricted to the borders of a country.
Thirdly, cryptocurrencies are digital currency and can only be used when there is access to the internet. The government of a nation has to provide internet services for all its citizens if there would be a the use of digital currency in such country.

I think it is the form of replacement for the payment Gateway other online. fast and secure placed leading to the user to everyone invest more

it will be a little difficult to cover all the countries of the world, probably only in some countries. each country has a different angle of view of bitcoin, so it's hard enough for bitcoin to be universal means of exchange, because there are definitely some countries that do not approve it.

It is extremely unlikely conceivable that digital currency can turn into a worldwide legitimate delicate like the physical cash. As a matter of first importance, cryptographic forms of money are decentralized and are not possessed by any of the world's administration.
Besides, physical cash is just valid inside its nation of birthplace though cryptographic forms of money dislike that. They are not limited to the fringes of a nation.
Thirdly, cryptographic forms of money are advanced cash and must be utilized when there is access to the web. The legislature of a country needs to give web administrations to every one of its nationals if there would be a the utilization of computerized money in such check

Cryptocurrency is digital form of currency that is being used increasingly all over the world. If compared with the current traditional fiat currencies system a cryptocurrency is far more efficient in terms of usage and transaction costs. The first cryptocurrency to begin trading was Bitcoin back in 2009. Sinces then we have seen numerous cryptocurrencies being created with new algorithms with longer or shorter block times and overall behavior changes to better suit a future economy.

Possibly cryptocurrency can be because as for now, I am seeing that many people are now recognizing and appreciating its worth when it comes to usage that it was already been used in some parts of the world. Since it was generally being generated and operated in an online basis, the spreading and implementation of cryptocurrency usage will become much easier and faster so the exchanges that will go through it will just take a moment and its done.

Brother this is much detailed comment you just wrote and the crunch, what I found in it, yes, crypto currencies are being popular throughout the world. Either it is a first world countries or second or third, people are searching for better coins, the affordable, the lenient and helping etc. Like any actor or actresses, these crypto currencies are digging their places in hearts of public.

Bitcoin and other crypto coins are very much safer than any other regular currency but only when you have kept your private key safe. In case someone else gets to know your private key, then all of your coins will be compromised and that you will be left with nothing. However, investing in crypto currency is the best thing to do as it can multiply the money which you have invested.

It cant be because it is not a solid matter like fiats nor we can see it, so how can it be global issue?

While it is true that the most spread use of cryptocurrencies is as an investment, cryptocurrencies are first and foremost a currency and if the cryptocurrencies are not used like that then those cryptocurrencies are nothing but speculation vehicles which is why most altcoins are never going to succeed since the only use they have is to try to make money for the developers and for the investors.

Yes it might be happen but in some cases other countries do not offer a Cryptocurrencies or some are banned due to lacks of support or they are not trust Cryptocurrencies as basis for transaction. As an advice, it is better to stay safe in the country that are legally offer a Cryptocurrencies for you to have a good investment and far from penalties.

Yes, it can happen if all countries support the existence of Bitcoin so many business developers use Bitcoin as its transaction tool, because as we know if the life of a country's population is set by the country itself.

It takes time before it will happen for there are more important issues than crypto. As a matter of fact there are rumours that bitcoin should be the major exchange of everyone transactions all over the world. Let us see for another time of crypto maybe we can see this things sooner if the improvement will become massive and accepted worldwide.

We need cryptocurrencies and its functions are necessary for our lives as we know that the banking system is not more public friendly but the Bitcoin and other cryptocurrencies are public friendly proving its need as it make transactions for us within seconds and our receiver receives amount in no time wherever he is in the world. The market of these currencies is improving with the passage of time and it gives you a lot of benefits once you enter into the markets.

I don't think it's possible. We have normal currency and it will stay with us. Cryptocurrency is a "digital" money and it will be always.

It would as you can see in any aspects crypto currency are spreading worldwide many people use it as a main transaction therefore it could be use after several years because many people interested and want it as a main money can use.

Of course, this is possible, since the crypto-currency can fulfill all the tasks that are currently performed by fiat money. But the crypto currency is much more adaptive and has no limits to its application.

Yes,Bitcoin can be global currency in future sooner or later.Currently Bitcoin in many countries considered as illegal tender but one day government will realize that Bitcoin is need of current era and according to need of common people Bitcoin will legal and will be massively used overall the globe.
There are many coin in crypto world but Bitcoin have potential to meet the needs of world and overcome the fiat money.

yes it is true that bitcoin is currently used as a medium of exchange as some market markets and coffee shops already accept payments using bitcoin, but the government has not yet certified that this bitcoin is officially converted into exchange rates and only a small percentage of countries allow bitcoin as a value exchange.

Precisely that is the main purpose of cryptocurrency that is as a means of payment every transaction that exists in this world. So I think it could be if cryptocurrency becomes a universal exchange tool in the future.

Yes it could be if it would be put into good use and if it still succeed in the many years to come. Eventually it can be a universal means of exchange and of course would be used as a means of payment through the digital world. And we all know people mostly rely now on the internet, even prefer to do online jobs than really getting a real work job in an office.

I think if Bitcoin pass the legal tender and get a great value in the market with a huge capitalization than there are so many chances for other cryptocurrencies that they will get the legalization and give you a well reputation if it will become legal.

I think in the future surely electronic money will be used as the primary payment method and gradually replacing cash. However, at the present time it is not accepted by many governments and appears to be using it illegally. Besides, it is quite used for payment, it is used to trade and buy more

Nope. It does not have that kind of characteristic which it should have if it has to be global legal tender. Plus being decentralised it breaks all the rules of government and regulatory bodies by not working within single perimeter. It works over public ledger so its difficult to regulate it. If you try to regulate it then it can no longer be the same as you see it today. In addition to this if you see the prices then they are always fluctuating one and there is no way to stabilise them and thus its almost impossible to use it for daily life and may not be accepted as it is for global use.

I don't think that cryptocurrency can be a legal tender. It can be a alternate currency that people could use to buy things online.

Maybe it can be but before it happen a lot of rules will be proven specially the government whose the number one that against bitcoin. We never tell when will that happen but one thing for sure crypto is a  big help for everyone.

In my opinion, electronic money is a kind of engine of progress and in the future can compete with a paper analogue and become a universal payment tool that allows you to make any financial transactions.

I think in the near future this will not happen. Money is controlled by the state. A crypto currency is very difficult to control. Just one currency can not be for all countries in the world.

Cryptocurrencies is going to be the future of our financial system and we should expect bitcoin to be the major determiner of the future' monentry policies.  The market is bright and I think people will should start using bitcoin to do offline's transactions. Cryptocurrencies been  use internationally will reduce inflation and others financial issues.

There are already implement in some countries such as Japan but not maximal because fiat is still used to transact. possibly in the future crypto will be used as a legitimate currency.

we are almost there, let the air of uncertainty clear and the sky would just be the beginning

I think it is very difficult. every country has its own rules and currencies. already set in law to use the currency of the country to make transactions. bitcoin is only used as an investment only.

I think he can be like fiat, but he can not change the fiat because fiat is a lot of use not like cryptocurrency. And remember some other countries has low in internet connection that need to transact in cryptocurrency . Means fiat money is very useful in many aspect than crypto that you need connectivity to transact.

If it could happen the crypto market will likely improve and grow rapidly. everyone will buy crypto because crypto as needs like the fiat used every day.

It's impossible. all must know the purpose of the bitcoin. bitcoin is used for investment and not used the currency used such as the eyes that in each country. all countries must reject it.

someday surely can, but still in online transactions. to do offline transactions using crypto as a means of payment, it will be difficult to happen. paper money will remain the main currency.

Crypto-Currency is unstoppable, at some point it will be used like physical money is used nowadays. The decentralization isn't a must, there could be centralized Crypto-Currencies created by governments to be used on their countries. So they could regulate and control it easier. Now some countries started studying this new technology and sooner or later they will develop something related to Crypto world to benefit themselves, keeping the financial system centralized.

Well in my opinion i think  can cryptocurreny become universal because and we know bitcoin is global and legal but some country not yet legal. And bitcoin can use payments like physical money sometimes use in online payments.

Yes of course.
If we can use it everywhere it is global. In order to do that, we need a lot of applications and availibity in real life. Haha. Just come and support all the projects you like to make it happen.

it is now used as payment for services rendered and slowly, countries are already adapting the use of it. But then again, it cannot replace fiat money through global use. It can just supplement but can never replace.

i think cryptocurrency is facilitating payment. this happens because not many stores that provide payment using cryptocurrency. and i think the government will keep the fiat currency

If course it could. Given time and a number of investors it would be adopted by businesses as a means to exchange goods and services around the world. The only thing getting in the way is its volatility. When we see virtual currencies becoming stable, more and more business will be comfortable with adopting virtual currencies in thwir businesses.

Cryptocurrecy is a universal money, with different value in every country. We still need fiat money, it depends how the government handle it.

Bitcoin may not become a global legal tender because it is a decentralized currency and might remain as a alternative currency instead. Some countries are reported to be planning to create or issue their own cryptocurrency or own token and use it instead of adopting bitcoin. But if majority of the countries around the world unite to make bitcoin the universal means of exchange, then it might be possible to happen.

Cryptocurrency will be good for economics but I think it will remain as cryptocurrency only because each country has a so called fiat. The government will not allow crypto to take over the fiat.

Even though cryptocurrency market is at a rise nowadays, I don't think it will ever be accepted as a global legal tender. It will never replace or come at par with fiat money. Crypto is a decentralized currency, meaning that the government does not have any control over it. Crypto, however, could be a form of an alternative payment. One may argue as well that credit cards could be the start of a "cashless" society and that crypto would come after it. However, if you think about it, credit cards are still based on the value of fiat, unlike crypto, which depends its value on something else.

maybe in the future, cryptocurrency can become globally so all country can use cryptocurrency as a new payment system and not just available on the internet but also available in the real life. but it will need to interfere with the government that will integrate their system with the blockchain technology and maybe the government will launch their own crypto. and maybe their crypto will be a bridge between cryptocurrency and the fiat so it will connect to each other and we can have more benefits from the crypto.

Cryptocurrency can be a universal exchange or money for everyone because there are a lot of people who are interested on bitcoins and if government will be allowing cryptocurrency then people will use bitcoins everyday.

That may be the scenario on cryptocurrency , and because of the advance technology today, cryptocurrency will be the big thing in digital technology making every bitcoin holder the possibilities of using this as future worldwide digital currency that are to be use as payments to different establishment that accepts bitcoin and other cryptos, this might be the furure money.

In my opinion, it can't be true in near future. It depends on every country government's and laws. Because most of them are critically different from the point about the currency of money. Cryptocurrency can't be a global tender at all.

I think all countries reject it. each country has a legitimate currency and has been used to transact. I see on the crypto site that crypto's real purpose is as an investment asset.

Someday it might happen. There are already a lot of coins that appear and are very useful. maybe someday, fiat money will be in exchange with Cryptocurrency and all payments will use Cryptocurrency.

But I also think thinking in the future surely electronic money will be used as the main payment method and gradually replace the cash. However, it is not currently accepted by many governments and appears to be using it illegally.

perhaps later on, digital money can turn out to be internationally so all nation can utilize cryptographic money as another installment framework and accessible on the web as well as accessible in the reality. in any case, it should meddle with the administration that will coordinate their framework with the blockchain innovation and possibly the legislature will dispatch their own particular crypto. also, perhaps their crypto will be an extension amongst digital currency and the fiat so it will associate with each other and we can have more advantages from the crypto.

There are no doubts that in near future it will positively happen , and it's actually happening as you can see by the sudden increase of it's price last 2017 many entrepreneur and investors caught the attention that bitcoin can be a good source of income and a potential to dominate in the near future. I think it will use on the near future no doubts though long live bitcoin.

I think the same as you because, in the future, our life will be full of digital and cryptocurrency is a digital technology which has the potential to be applied. and when cryptocurrency is applied then we can see a new era of digital will comes and I think it will work together with fiat and maybe it will be used in all countries. we are still new in the digital technology and I am sure that cryptocurrency will grow and will evolve into something better that can be used in everywhere in the future.

The future holds so much promise for crypto-currency as an acceptable means of payment,it is already being integrated into a lot of payment systems and the infrastructure to make such possible is constantly being developed.

And certainly because it has the potential to have a good role in finance and various things to be able to take advantage of its advantages.. it still has a high chance to survive forever and better role for all people/countries. Well though it will not be shifting the fiat, it will be an alternative currency that plays an important role for the life of all human beings to a more modern and useful side.

It could happen if the world's population has cryptocurrency, so they receive payment with cryptocurrency, and with it the cryptocurrency can be a global currency.

there are  numerous  things  which hinders the full adoption of crypto. most  governments  are  comfortable with  crypto  since  they  cannot control  it.  this  will be  hard  for  most governmental  entities  to  enforce  various  laws.  apart  from  that  its  quite  volatile and  thus  not suitable for  use  in  the  long  term. my  hope  is  in  the  near  future  we  will  have  stable  coins which  can be  used  to  transact easily.

For me, cryptocurrency can also be used as a means of payment like physical money, it's just that, cryptocurrency is used in transacting online. because for payment with cryptocurrency must have the internet connection

yes of course cryptocurrency will be very much known to people and I am sure cryptocurrency will be many who use it even cryptocurrency can also potentially be one of the solutions in the future of existing financial problems.

I think it is very difficult because not all countries accept the existence of crypto currency, and although it happens still we will not be able to use it as a buying and selling tool because the transaction speed in crypto is still very bad

Cryptocurrency will become the solution for the people who are having financial problems because they can get into cryptocurrency and work here and hustle hard everyday and they can earn a lot of money that they can use to pay their debts and to erase their financial problems and start a great life which means that they will be gonna rich.

It is almost done mate because now almost everyone has bitcoin. people are buying selling and taking advantage of bitcoin, the price of bitcoin gets high and low so some people buy bitcoin at the lower price ad then they hold to get the opportunity and selling high, crypto currency is the common now a day, almost everyone now a day using crypto currency and buying it at the lower price to hold help it grow more than double. It saves our future and crypto currency is gonna be global currency very soon.

it could be all but the record if the whole country of the world can accept and acknowledge the existence of cryptocurrency itself. but the possibility of future will still be in use and in sahkan as a means of payment in the future because the technology in use can make transactions with a fast time and ease of payment if we go abroad do not need to exchange money in use countries that will be in the visit again .

Electronic money is a new trend of technology. and it brings convenience to users across the globe. Full would be the popularity of electronic money in the future.

I agree with you. The people are now more interested with the cryptocurrency because of the investment opportunities and the possibilities that they can become a millionaire someday if they will just invest into a cryptocurrency and keep it for long term and still be patient until they reached their target goal.

cryptocurrency are the new tread setter in the economy world. Cryptocurrency shows the power of virtual currency. Cryptocurrency are decentralised currency which uses same as fiat currency. Sometime cryptocurrency has more advantage then that of fiat currency. Due its digital in nature you can use it all over the world just by the help of Internet. Its digital nature ensures us that no one can duplicate it. Cryptocurrency provide better money transaction experience. Cryptocurrency also use for investment purposes. Many people use it for their business. So Cryptocurrency is the future currency.

the fact that an article like this was published 30-40 years ago in a very well known economics magazine that the new money in future will be virtual money, makes us think that crytpocurrency can become a new currency of the world.

Modernism of global markets is now going very well and this was sudden change in the global market when modern technologies entered. These technologies made everything easy and brought a source of investment as well which is depending upon our knowledge to take care of. Bitcoin and other cryptocurrencies are very responsive and the current conditions favor us to invest here in the Bitcoin’s market.

it would take time i guess, it needs a solid system that can protect from misconduct behaviour, but if we see currency in exchange system is actually based on trust between two parties, cryptocurrencies could be the future "money", because trust in fiat money is decided by one party, the bank, but in crypto a lot of "people" decide wether your account is legit or not, and i think that would be the main concept in the future.

I agree with you because if to look how many people using cryptocurrency we can see big deep. Most of them are using it living in big cities and people who are living in a villages doesn't know how it works and what does it mean.

There is huge possibility that Bitcoin will be the future crypto currency with a legal trend and if legalized by all the countries across the world, it will have tremendous affect on the demand of US dollar. The demand for USD might decrease and it might even outshine it but that will be long from now.

Right now, what the government needs to do is to advertise the crypto so that people come to know about it as another mean of earning and enable people to know how to earn in crypto like Bitcoin.

Yes it could be but the only problem is the government inability to control cryptocurrency.

Yes cryptocurrency can become a universal means of exchange because almost all countries are declaring it legal and people are using it with great ease.People are getting attracted towards it because of its uses and advantages.But because their is no way to control it ,so this can create a problem.But as far  we have seen the improvement in cryptocurrency, we can say that it has the potential to become a universal mean of exchange in future.

It is a very good idea. You need to study the past of this currency and invest in it. For some period of time, you can sell all convert into some other.

Many countries are aiming to be digital now a days so surely the chances are high for cryptocurrency to become universal means of exchange in the coming future.No doubt that it is difficult for them to replace fiat as fiat is being used by people since many years and it is difficult for cryptos to gain the amount of trust that fiat has but cryptos have their own features such as cheap and fast transactions within and outside the countries,profitable investments,security etc.So according to me crypto will be as popular as fiat in the future and will work hand in hand with fiat.

I remember that I read some article and there was stats that physical money is less that 5% probably from all existing money. So it really depends from

blockchain enthusiasts right now, we need from them more work on all fronts. Who's investing in ICO this month, or may be august? Have you heard about

upcoming Kelvin Blockchain if yes, then answer. ;)

It can become universal currency if every government in the country will allow bitcoins to be used by different people in their own community, so it was possible in the future.

Nothing is impossible the possibility is always there. When it is felt cryptocurrency is more reliable, flexible, effective and does not take up a lot of resources, then in the near future it could happen.

The transition in cryptocurrency takes place very quickly and effectively so nothing can prevent investors from investing in this market. I think this is just the beginning of an extremely cryptocurrency market in the future.

Cryptocurrency remains a digital currency all the way through and can never replace our regular currency or fiat money. Anyway, bitcoin can also be used globally like our regular currency but it is only limited since only a few merchants are accepting bitcoin as mode of payments or for purchasing good and services. Unlike our regular bitcoin can never have its physical appearance but as what I've said can be used as an alternative for payments to some merchants who accepts bitcoin.

Of course it is possible for the cryptocurrency to become universal as a currency because we all know that it is the future of the currency since we are now entering into more advanced era because of the technology and that will just become the reason why the government will adapt and implement it to their countries.

Because now governments in a country tend to prohibit its existence, it is becoming increasingly difficult for bitcoins to make the means of payment in the world but with the many enthusiasts must be a bitcoin opportunity to show the best quality is still wide open in the future.

Truly, it could be and it is conceivable to happen. As of todays age bitcoin cryptographic forms of money is sanction and surely understood everywhere throughout the world. All things considered it could be all inclusive and a meduim of trade. We are exceptionally happy to meet bitcoin world in light of the fact that the digital currency has a greatest esteem and it could likewise be changed over into genuine cash eventhough it is virtual cash.

Only when the whole world will offer a wide open arms for cryptocurrencies should it become a global means of exchange. But for now, that's way far from reality yet as bitcoin is also struggling to get up and beat its highest market price ever recorded.

Now there is a period of globalization.Cryptocurrency will be a universal means of exchange that will be used by many countries.Cryptocurrency is the future on the threshold of which we stand.

Cryptocurrency is a kind of digital asset designed to work as a medium of exchange that uses secure network for safer transactions. It uses decentralized control as opposed to centralized systems. It can be used to buy things electronically. The system does not require central command, or large bank can’t control our money.

could be, now has many ATM bitcoin gtersebar around the world.
and also has many stores that accept payments with bitcoin. it is not impossible that bitcoin will replace the current currency.
because bitcoin is different from real money, you just need to travel with smartphone. and security issues of course bitcoin safer...

Cryptocurrency is constantly making noise from across the globe, opening great opportunities, and changing the quality of life. Nowadays, it has become a global phenomenon and is very known to most people. It is independent of any central authority, so people have hold with their own asset. Though other people have limited knowledge about the decentralized nature of cryptocurrency, I still trust its potential that it will be widely-accepted and be widely-available.

Cryptocurrencies is easy to exercise, it is very accessible. Time saving and convenient to use.

I am so glad that i live in the era of such smart technologies which give us a chance to enjoy creative solutions. I think that crypto will be the most convenient and safe method of payment. A lot of large companies have started using crypto

Their are many advantages due to which people use the btc and other crypto currencies and yes bitcoin has become many people part of their life as it has made people millionaire and billionaire last year when the price reached its all time high.

Cryptocurrency is either legal or not. People accepts crypto to be part of their finance but the government did not advice to use it because of the risks it has had. Maybe in the future crypto will be or legalized by the authority to be used as legal tender only on online shops.

bitcoin can be a legitimate global payment instrument if all countries agree and legalize bitcoin. currently, transactions that use bitcoin can only be done by a group of people or sellers and buyers who agree to use crypto for payment instruments, so without involving the government in transacting. so the risks are held by their own.

Maybe someday. When cryptocurrency has been received across the country

Cryptocurrency is a digital currency where no tax and vat are include.

To answer your question, I think not. However, bitcoin began to be sold on exchanges in the form of futures. How will the crypto economy turn in the future is difficult to say. But it seems to me that not bitcoin will become the property of the 21st century and the blockchain system. Which is why they stopped talking about today.

Cryptocurrencies in today's date have caused a revolutionary change in the market.Since digitization is going on in the economy,more and more people are switching to cryptocurrencies.Cryptocurrencies are an easy way to earn a lot of money in a short period of time.The users of cryptocurrencies are increasing day by day.People invest in cryptocurrencies due to the large profit margin it gives us.These are also not taxable.They also have some advantages over normal fiat currency.

A currency with open source coding and not controlled by anyone,
A currency which can be forked by anyone at any time.
The answer my friend is no.

I personally believe that in a few years it can be reality. But it does mean that all people in whole world was will be used only cryptocurrency in their daily life.

In Swidzerland in Zug friendliness to crypto-currencies is in evidence all around. A city hall and several shops including wine merchant's accept bitcoin, as well as some public services. Residents can even get the blockchain-based digital identity.

someday, we will see this is happening and meantime, we can keep trying to collect as many coins as we can and make a profit from the cryptocurrency. so when the times comes, we are making a huge profit and we can reach our goals one by one. besides that, we can have a big money in our bank account and we can use for anything we want. cryptocurrency has a bright future as we know that the technology still grows and in this year, there are so many new technologies that still develop especially in the cryptocurrency section so we can see that in the future, our life will be full of digital technology that will help our life.

I think he can be like fiat, but he can not change the fiat because fiat is a lot of use not like cryptocurrency. And remember some other countries have low in internet connection that needs to transact in cryptocurrency. But if people want to earn they find way to use it.

I think cryptocurrency will be an additional option for people to transact things online in a global scale. That means that many merchant will accept bitcoin as a mode of payment and not just only fiat currency. This will help our economy much better because bitcoin is fast, safe and cheaper compare to the current system. Good luck bitcoin. I hope it will be legalize in SEC in the near future.

Cryptocurrency - Cryptographic Currency designed for Peer to Peer Decentralized Transfers (Bitcoin) - others have designed protocols around this idea for various use cases.

No,cryptocurrency is designed as digital currency and to be a physical money. I don't think government will allow it because cryptocurrency is decentralized and one thing more not all countries accept crypto.

It is not a legal tender in most countries but could be in the future

I think it can be but as an alternative or an option for the users but not to totally replace the existing fiat currencies because i believed that crypto can nevers supersede fiat as people in which majority are poor to middle class are already used to fiat as traditional money. Except it all nations will mandatory to urge to replace fiat to crypto then there is a possibility that crypto will be the sole legal tender.

Cryptocurrencies are very helpful to us people especially when we chose the right currency that will give as income. It is true that cryptocurrencies give money just make sure that the user will follow the rules of the campaign that they joined. I make money and cryptocurrencies loke bitcoin really changed my life. I now make money with my own. I am still a student but I have an income eben I dont have a job. I know many people will be like me when they start to us cryptocurrencies.

I do not think it can replace real money. It should only be used as a remittance tool and should not be developed to a different degree.
We are used to using real money. Using electronic money to replace everything is complicated. Although the transfer is very fast but the market Crypto still carry too many negative factors to be able to stabilize the market and ensure safety.

yes it is a decentralized digital currency with a limited supply and high demand. because there is no mixture of government hands and a trend to replace fiat currencies.

Everyone is hoping for the best of the cryptocurrency world. We are hoping for so many good things to happen about it in the future. And maybe in the future our hopes are very possible to come true, but of course it would take time, it may be a long time of waiting but let us be positive towards it.

I don't think it's possible to use bitcoin because bitcoin like a floating cloud doesn't manage it, but for altcoins, if there is skyrocketing global money it can be used because Altcoin is a company that manages it

The moment of recognition of crypto currency in a number of countries will immediately affect the entire world economy.

To make a payment using bitcoin there is no significant risk if between seller and buyer have agreed on the payment system using bitcoin.

All you have to determine is when a transaction using your bitcoin should know the credibility of that person.

Because it would be the same if all countries accept bitcoin but the user does a transaction with a fraudster, the government will not be responsible in this regard.

It could be done and happened, but because of the many obstacles that are currently being faced only a few stores that receive bitcoin as a means of payment, let alone the government also still not attract bitcoin as a means of legal payment, so the regulation for acceptance bitcoin still does not exist.

Cryptocurrency cannot be a universal means of exchange. Firstly, there are different coins and tokens in cryptocurrency. These coins have different values and different uses. Second, the value of cryptocurrencies is very volatile. Using cryptocurrencies as a universal means of exchange would be hard because of its diversity and volatility. However, if there is ONE crypto that could be used as a universal exchange, it would be possible.

Its hard for cryptocurrency become global currency. Currency must be issued and approved by government and central banks, most cryptocurrency not regulated by government. As currency, crypto is more safe than our current money

that is why you and me here, expecting it will happen in future. We live in a digital society now and it is expanding rapidly. then why we can't expect digital money for transactions? We already got awesome blockchain technology for this purpose.

I bet all of us certainly have similar expectation that virtual can go far in the future. Yep, I kind of agree that cryptocurrencies are capable of becoming a global currency. With the development of society, the speed of advanced technology is quite fast and truly it plays a crucial role in both daily activity, transaction and that sorts of thing. People in various parts of the world are awaring of  the benefit and the prospective of cryptocurrency field gradually. Virtual currency would be more likely to become a legal and common currency all around the world, of course it can’t replace the position of fiat, it's just an extra currency. With current situation, it depends much on governments to identify when we can use virtual as a legal currency widespreadly, i think it would be soon.

yes but with potential for tourism in the world you using a universal currency yes it will be better but not governments do not want to lose their change because they make a lot of money with it

I know it is too soon to say anything but after using bitcoin and observing its trend over the years, I could confidently say that bitcoin and other cryptocurrencies will experience a bright future. Bitcoin has come from nearly nothing to a very high-valued currency at the moment. Although it is nearly impossible to give any correct prediction about the price of bitcoin, bitcoin with its cutting-edge technology are bound to change the world's economy for the better.

Cryptocurrency Is an option like bitcoin as an alternative way of payment because each country has already legitimate currency that they used to transact. Its up to each country either they used digital money or not, If a country has an advance technology like japan, I'll assure they will accept crypto and used It as an alternative money for online transaction.

I think yes. Cryptocurrency become universal means of exchange. It is easy to use and accessible for all the people.

I believe in crypto currency and its future. I just don't think that any government will allow it to replace their own fiat currency. I think what will happen is that cryptos will be the alternative way of payment and other financial transactions. Virtual money an alternative to the fiat, but the fiat currency will still stay as the main and legal currency of each nation.

I think in the future bitcoin is be used as an form of payment in internet, because it is very convenient and all of nation in the world will accept bitcoin online

In my own opinion, there is a possibility that cryptocurrency will be universal if most of the government in other countries will allow their own people to use bitcoins on their daily life.

Cryptocurrency?
 I think cryptocurrency is the thought of as digital currency that uses cryptography. So the cryptocurrency is secured and it makes easier to transfer funds betweek two parties i a transaction.

I think the same as you but we need to wait until all the country can accept cryptocurrency so cryptocurrency can be universal and every people can use cryptocurrency in their life and can collaborate with fiat. but before we can see this, we'd better collect many coins as our investment so in the future, when the time comes, we can use cryptocurrency in our daily life. I think maybe in the next year, there will more country that will support and accept cryptocurrency so it will make cryptocurrency become legal.

Well technically it is a global tender now. But the fact of the matter is will everyone use it? My take? I don't think so. Not everyone has heard of crypto currency even bitcoin. Others may have heard of it but doesn't understand it. Only a handful of people per country understands crypto currency to a point that they could use it. So i think educating everyone on what crypto currency is and the benefits of it is the firt step.

Hard to discuss the topics, since only people on Bitcointalk forum can participate, we already believe in crypto, know about it and have been educationg ourselves on it.

For me i think that in the next year, there will be more country that will accept and support the cryptocurrency, so that the cryptocurrency will become legal.

We shouldn’t see Bitcoin as the same as real currencies we are using just like dollars, euros and pounds. When I look at Bitcoin I see it as the same as PayPal and all those related sort of things. And of course Bitcoin can be used as a means of making payment online, but since not all countries are accepting it, it can only be used at places where its accepted.

But if it’s not accepted in your country I believe that you can still find ways to use it in making transaction and also withdrawing to your bank. Since government can only prevent you from withdrawing from an exchange, you can do straight business with someone.

There is no issue for that to happen except if and until the point that it gets the legitimate delicate in each nation first.  That is the principal testing stuff I figure which we have to outperform and after that we can consider the worldwide legitimate delicate.

Bitcoin, is still nerve destroying for some nations and the legislature alongside the saving money establishments are despondent that it even exist. It is taking without end the venture that ought to go into the banks, golds, stock trades and so on and consequently making the budgetary dependability hypothetically flimsy!

The issue? The issue is with various nations and distinctive directions that they play inside their own nation. For worldwide summit to happen it is extremely vital that every one of the nations will go to a similar page and afterward choose a definitive destiny for it.

I think it still takes a relatively long time for bitcoin be used as a universal payment tool because the government tends to worry when the population continues to rely on bitcoin as a medium of exchange and causes the local currency to disappear later.

Not today but i believe in the years to come it will be as technology improves it will happen. As crypto is beng introduced to many it will happen. As of now some may disagree but it will happen.

I think we have to wait, because it will be a long run for cryptocurrencies to replace fiat money in future.I will strictly recommend you to start learning and reading about the Blockchain and Cryptocurrencies and become a part of this revolution.

cryptocurrency is the new trend of the world of economy.

Yes t can be a legal tender globally but in a digital term of businesses. Right now, we can purchase goods through cryptocurrency so it only means that it would be adoptable in the future for global use.

I believe not. It would be silly if people started using bitcoin as a means of payments for products or utilities. As a means of mutual settlements for the supply of gold or oil, Yes is possible. This option is possible. In General, I think bitcoin is an asset rather than a currency.

Have you ever invested in crypto? Cryptocurrency is built using mathematical cryptography and the most advanced computer engineering principles, making its structure unbreakable.

For me cryptocurrency is very reliable because there is no other electronic cash system in which your account isn’t owned by someone else. Take PayPal, for example: if the company decides for some reason that your account has been misused, it has the power to freeze all of the assets held in the account, without consulting you. It is then up to you to jump through whatever hoops are necessary to get it cleared, so that you can access your funds. With cryptocurrency, you own the private key and the corresponding public key that makes up your cryptpcurrency address. No one can take that away from you unless  you lose it yourself.

In other country it is a legal currency that can be traded in a local currency that's why it can be a good one to be use in all kinds of payments just like what other country do even here in my country there are people who's using bitcoin as their payments in their transactions online just like an online business.

I know it is exciting to see the future of Cryptocurrency but for now, let's just enjoy it they way it is. It is still a long way to go for Cryptocurrency but I am happy that I have been educated and invested in Crypto because it is really an opening for many opportunities to be successful and it is really profitable in many ways.

That is possible but not for now considering the fact that not all the countries in the world approves the use of it. Maybe we can hope for the best for crypto in the future and see things happen if we will keep on supporting crypto. Let us first cherish the fact that we can use crypto while others have no idea about it yet.

As you can see, cryptocurrency is accepted only in some countries, some countries are even skeptical and even banned it. However, it can be used as a legal tender in countries that accept crypto, since in some country you can use it to buy thongs or pay for services.

People want to feel independent using Bitcoin. Government's want to make it legal and have control over everyone who uses it.

  I think that is possible, but it will take a long time,  10 years, 20 years .... to become reality. By now, people are not aware of cryptocurrency much, but if it grows stronger then soon can replace the physical money. But at that time things will be very complicated and difficult to guess

While still somehow geeky and not understood by most people, banks, governments and many companies are aware of its importance.Cryptocurrencies use decentralized control as opposed to centralized electronic money and central banking systems.Cryptocurrencies are used primarily outside existing banking and governmental institutions and are exchanged over the Internet.

Cryptocurrency now is very popular , indeed some of the establishment are now adopting cryptos, some of the countries are now accepting and even making it legit to use in their country, but some are not accepting it, cryptocurrency is digital kind of currency which was develop for anonimity of the owner of that cryptos .

There is a possibility in the future that cryptocurrency can be used as a universal exchange because most of the people right now prefer to use digital currency such as credit cards and if government will legalize cryptocurrency in the future then most of the people will prefer to use bitcoins rather than fiat.

It's possible to happen but not now. We need more time and wait until people start realise the benefit of using bitcoin. Once bitcoin become popular, people around the world will use bitcoin and when it happens maybe we can see bitcoin as a currency and has a physical money on bitcoin.

I think it is impossible for cryptocurrency to become a legal tender in the world. How can a country be willing to let the coinage power be handed over, besides, dont forget cryptocurrency is uncontrolled, people hate the thing they cant control. If there is only one country on the earth, then it is a little bit possibility, but this is not the case.

There is a big chance. If you observe the movement of crypto now you'll find out that most of the countries are studying how they are going to adopt crypto. Let us hope that cryptocurrencies will be use globally. Maybe it's time for the crypto communities to develop more options to reduce the transaction fee when sending payment so that everyone can afford crypto.

Cryptocurrency can become an official currency and electronic money will be the optimal choice for global exchanges. Most national governments pay great attention to Cryptocurrency, the future development of Cryptocurrency will be very good.

Of course, with the current strong growth trend of Cryptocurrency, in the future, Cryptocurrency will become a popular means of exchange. Small business transactions, life services, payments all use Cryptocurrency instead of traditional currency.

Crypto currency can never replace government currency in a country, but this can be used as a means of payment that does not have to use cash.

Absolutely yes is the answer, cryptocurrncy is gradually been adopted globally, i dont mean that crypto currency will replace fiat money, that may not be feasible, but cryptocurrency will definately be a means of cashless transactions globally. though for now, the only digital currency thats gaining prominence is bitcoin, which means all other currencies will first be converted to bitcoin before been used and accepted as a means of transactions

A cryptocurrency (or crypto currency) is digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature.

It can become global but it is not going to become universal I think that in the future we are going to see many different payment options, we are still going to have fiat since some people are not going to learn their lesson but I think that gold will be used in the future as well and cryptocurrencies are going to be used in the future as well especially in large transactions and when it comes to moving money across borders since no bank or government can block those type of transactions.

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This will be great for us but I was saying that the cryptocurrency and also the user surveys are still not ready for that to happen in all the world, we will just destroy everything in case if it will take place right now.

Yes not all people are known about in cryptocurrency especially in rural area or some area are not civilized and no internet they didn't know about in cryptocurrency. People there are lack of knowledge about in cryptocurrency. Yes you are right we don't think if it happens.

Cryptocurrency is a digital currency where transactions can be done in a network (online).
Unlike printed paper currencies, cryptocurrency is designed by solving mathematical problems based on cryptography.

Yes, i think in someways. But there are things that needs to be done first before it became universal means of exchange. For example, netizen who are not yet familiar with cryptocurrency. We need to make everyone well informed and knowledgable about cryptocurrency so that  they will be aware of the new payment method.

Yes, bro. And I am sure that its popularity will be only growing with time. My imagination (and rational mind as well) prompt me that the cryptocurrency will be used everywhere soon.

I would say differently what you are talking about. This is called an asset that can be purchased for Fiat money and can be stored for our future time with you. As a means of payment, then here comes another coin bitcoin cash. And the Commission is small and the speed of transfers is high.

It feels more daily that Bitcoin is going to fail in near future and we all gonna return to our previous work places where everybody was making fun of us, saying that those were the Interiors of cryptocurrency, what a fools.

Maybe it will takes time, it needs a solid system that can protect from misconduct behaviour, but if we see currency in exchange system is actually based on trust between two parties, cryptocurrencies could be the future "money", because trust in fiat money is decided by one party, the bank, but in crypto a lot of "people" decide wether your account is legit or not, and i think that would be the main concept in the future.

I think that it is possible, why not? but time is needed for this! I am sure that crypto will be used successfully as the general means and all of us will benefit from this. To my mind, this is obvious that potential is great

In some months, the market will rise again and the bitcoins will be high again. It is a good strategy to buy when products are losing their value. This is what is happening to cryptos now. I believe that in the future they will be very important. Now, some people are afraid to invest in virtual money. It is totally normal because they do not know what will happen to the cryptos. However, I am sure that virtual money will change our society. The internet and social networks changed our lives. The next major change to happen in our generation is virtual money. Our society will be even better and wealthier with cryptocurrency.

I also look forward to the future of electronic money will be more and more friendly to the community. There will be new opportunities for exchanges and economic development. Helping people to live better, especially to replace all activities, sales and transactions. That is very likely to happen in the future.

Let's speculate. States can allow the circulation of decentralized crypto currency in their territory in parallel with their national money. The state will not support this crypto currency, because it is not interested in it because of its uncontrollability and high volatility. For the same reason, states are unlikely to use it widely in calculations between themselves. Decentralized crypto currency will be predominantly used by citizens. And now how to install. will they use the crypto currency as a global means of payment?

No it will not, most of the crypto analyst are positive about the market price this year and it could actually reach $50k dollars before the year ends so keep on holding your coins.

Maybe it can happen, although it is less likely. Given that not all countries fully support the existence of bitcoin.
So, we just wait for the fate of bitcoin in the future.

For my own opinion, cryptocurrency is something that is digital off. It can be universal means of exchange if all countries across a globe will accept it, and also the establishments. A means of support is a huge factor that can contribute to acceptance of cryptocurrency. Physical money is something that off, cause again it is digital.

Cryptocurrency consists of 2 words, crypto which means secret and currency which means money. Simply put, we can interpret cryptocurrency as a virtual currency technology which uses cryptographic systems to secure transactions. Unlike currencies that we use every day, cryptocurrency has no physical form because it is in a virtual world and is digital.

We know that Bitcoin can be a legitimate global payment instrument if all countries agree and legalize bitcoin. currently, transactions that use Bitcoin can only be done by a group of people or sellers and buyers who agree to use crypto for payment instruments, so without involving the government in transacting. so the risks are held by their own.

For a crypto enthusiast like me, the verb "can" will make me resolve to saying Yes it can!!. Apart from being a crypto enthusiast, I stay positive beyond all odds. Moreover, anything is possible. We've seen many sides of Crypto-currency, the ups and downs also the reds and greens. It's not new that a lot of potentials are embedded in crypto. Infact, one major reason many people are still head strong with crypto, is because of what it has been like and what it could be/do.

So, Yes, Cryptocurrency can. It some countries it already has and that is the first step to going global.

an initial coin offering (ICO) structure that is not required to follow strict public offering regulations. Too many ICOs are arriving now and it's not good for crypto development. I hope you know why bitcoin prices have fallen so far lately. Maybe the increase that you want can not be as extreme as the end of 2017

Additionally, Crypto-currency has the full support of Technology, and in this generation of ours, Technology drives the world. The world always crave for development and people are working every tirelessly to solve this. So, I see crypto as the future of the world's Financial sector, the future the world's exchange market awaits. Gone are the days where goods were exchange for goods, before we started using physical Currencies in exchange for goods and services, that's development, and Crypto-currency is making such big steps too, sooner or later.

I can even boldly say, every contributor to the crypto Industry, is creating an historical impact the future world awaits to surf.

Taking a deeper concentration on this discussion, what is happening to Cryptocurrency on the world's market stage?

Cryptocurrency” is being fuelled by the likes of two renown Chicago exchanges offering cryptocurrency futures and also Cantor Fitzgerald jumping on the bandwagon. Money can be converted into bitcoin at ATMs on street corners in New York and London. Microsoft has accepted Bitcoin for game purchases through Xbox. Surf Air, a frequent-flier airline servicing passengers in Europe, California and Texas, now accepts payments via bitcoins and ethereum. Overstock accepts more than 40 types of cryptocurrencies.

All these are big news to propell the industry into the next big thing.

There is stock market for that even the most popular devices are now into stock market every company had that. Cryptocurrency is for online users and it can be accessed by everyone unlike stock market sometimes you need a stock broker in able to trade in that and sometimes you will need an advice from professional unlike in bitcoin there is a big chance to get increased.

I am believe that will happen in next 5 years. Bitcoin and cryptocurrency obstacle right now is on government regulation. Most advance country already accepting bitcoin for payment and i am believe it will spread in near future and adoption on cryptocurrency will happen

Cryptoncurrency is the new trend of economic of the world.

Cryptocurrency is a digital currency designed to act as a means of exchange. It uses cryptography to secure and verify transactions that now have a lot of cryptocurrency

it still hard to say that it will happen in the next 5 years but it is possible especially if all country can give one vote to the cryptocurrency and all country can accept cryptocurrency as a new system payment. in that time, I am sure that the cryptocurrency and fiat can work together and bitcoin and fiat will be like a bridge between our real life and our online life so there will be no problem for us to make a payment or to buy something. our life will be better which we can make a payment from anywhere and any places.

In future, there will not traditional currencies, will be only crypto

Yes. It could be realized by choosing one cryptos in which you could easily convert other currencies.

that will not happen.fiat and other payment system will not diappear.maybe cryptocurrency just left main currency such as bitcoin ,  ripple and other.impossible traditional currency disapear.

Perhaps, because now Cryptocurrency is very developed by various companies and team engineers in various parts of the world.

In my opinion, cryptocurrencies do not deserve to be used as payment instruments, such as fiat money, although some companies and stores accept cryptocurrencies as payment instruments. The reason I say that cryptocurrencies don't deserve to be used as payment instruments is that their prices are very unstable. Maybe in the future cryptocurrencies and bitcoin will be the means of payment that everyone uses globally if their prices remain stable

Even now crypto currency is being use all over the world as people are investing and using it to buy goods online now market are accepting it as payment, crypto currency is increasing in popularity faster than before people are being modern and getting a lot of income from crypto currency, according to research in our country 80% of business are depending on crypto currency, so now it has become our need of life.

bitcoin is a digital currency, which means that there is no physical form, so, anyway, bitcoin must still not have a physical form, because basically it is a digital form

I think we shouldn’t see Bitcoin as the same as real currencies we are using just like dollars, euros and pounds. When I look at Bitcoin I see it as the same as PayPal and all those related sort of things. And of course Bitcoin can be used as a means of making payment online, but since not all countries are accepting it, it can only be used at places where its accepted. But if it’s not accepted in your country, I believe that you can still find ways to use it in making transaction and also withdrawing to your bank. Since government can only prevent you from withdrawing from an exchange, you can do straight business with someone. Any thought?

Electronic money is really a good trend for the world to grow. This is really a good technology to transfer money between countries. So I do not think this market will collapse.

Criptoccurency teknologi yang semakin berkembang dukungan terhadap criptoccurency semakin meningkat karena penggunaan yang praktis.

In our future today, we will have the opportunity to optimize the crypto . Like a machine tool in the past year, everyone says if those in rural areas cultivate it with sensible ones where it is possible for the people to be involved in the field? funny. Today ... there are so many earth-makers looking for more and we still have to work and do not depend on machine tools we still need to do what we should.

it seems that it will never be able to because for now bitcoin is a digital currency and few know about bitcoin even in some countries the distribution of bitcoin is not given permission so it makes bitcoin very difficult to do that.

One or several cryptocurrencies will become global currency

This may be possible in future. But for now, so many doubts.

All are countries don't accept Cryptocurrency.But many country peoples exchange cryptos in this time. Slowly crypto users raising in the world.Anywhere the world you can exchange your crypto from online market. Near future, cryptocurrency will become universal of exchange and globaly legal.

cryptocurrency is traded through anonymous and there is no way to track down when it is used in illegal activities so i don't think any government would want to make a stand to cryptocurrency.

cryptocurrency, unlike any currencies it can be easily manipulated by some powerful people or used as anonymous money to buy something illegal so i really can't see the globalize of cryptocurrency.

Cryptocurrencies is easy to exercise, it is very accessible. Time saving and convenient to use.

All goes to this.Completely replace Fiat money is unlikely to succeed but every year the number of users of cryptocurrency will definitely grow.At the moment it is an uptrend

I think all countries reject it. each country has a legitimate currency and has been used to transact. I see on the crypto site that crypto's real purpose is as an investment asset.

That is very unlikely, believe me I would love to see a future like that, governments are not going to let that happen, they are too comfortable with fiat currencies since they can steal from everyone holding it, what it may happen is that lots of people will begin to use cryptocurrencies and then governments decide they cannot tolerate that any longer and ban them and begin to prosecute holders of crypto as if they were drug dealers but some countries will not do that and most crypto holders will move out there.

You are mistaken. There are too many places in the world where the Internet cannot be used ever. People living there will never have any chances to deal with the crypto.

Of course, it will be, crypto is better than traditional currencies

I believe that one day it will really happen. The society has been developing faster and faster. Soon, people will simply understand that the crypto has a lot of pros.

I really don’t think that the decentralisation is the cause and it will even help.

It was convenient since it was a digital currency and all we need to do is wait for the market price to pump up in order to earn profit.

yes it is a decentralized digital currency with a limited supply and high demand. because there is no mixture of government hands and a trend to replace fiat currencies.

We are all currently in the development stage of the era of digitalization. We all have implemented a digitization system in various important sectors. Well, what we are most waiting for is the attitude of the government in responding to crypto. If the government continues to argue that they will reject Crypto then this will be in vain. I don't understand what the government thinks, the fact is that crypto currently has many benefits and advantages compared to when we use FIAT. The government must immediately make a decision and if there is no decision by 2020, we can leave the crypto world forever.

As far as I know about cryptocurrency, etymologically, cryptocurrency is composed of two words, namely crypto which refers to cryptography or coding language in the world of computers and currency which refers to the value of a currency. The definition can be drawn that cryptocurrency is a digital currency mechanism that can be used to transact virtually (via an internet network) that is protected by a complicated computer coding. ;D

The market is constantly falling, many people worry that the market will collapse but for me we should not focus on anxiety, peace of mind and patiently holding, waiting for the market to grow again.

I think in the near future there is big possibility that cryptocurrencies could become one of our currency. Some people say that bitcoin will really become our future currency which able to exchange to all valuable things. As of now there are some countries start to legalize cryptocurrencies so that I guess in the near future all countries will legalized it and all government will recognized it as real money like our physical money.

This is the bottom of the market, the only way is up!  8)

Some projects need to take their responsibility and get on top of the game.

I can't wait till for example Ebay or Amazon adds BTC or other cryptocurrencies as a valid payment method.

Cryptocurrency is the new dimentions in digital technology where in it is very useful nowadays that we are in the modern day of electronics transactions like payments and other digital ,on line transactions , one the advantage of this is the cashless transactions where the people are easy moving their needs through this cryptocurrency and more it is not only payments but at the same  time investment scheme.

I think it is very difficult for Cryptocurrency to become a medium of exchange because it is not as convenient and practical as cash. For example, when you go to the food street or travel to developing countries, then cryptocurrency may not be reasonable to use.

At a time when all nations around the world agreed on a common rule for the cryptocurrency when people understood the value and accepted cryptocurrency, the point at which equality was guaranteed for everyone. At that time, I think cryptocurrency would become a means of trading, buying and selling, and exchanging popular

I think Cryptocurrency cannot be separated from innovation and advances in digital technology that cannot be dammed and increasingly affect modern human life. The pace of technology is not only seen from surfing the internet with Google applications for example. Moreover, digital technology also touches on the fundamental aspect - without reduction to refer to it as the only major need of modern society - in everyday human life, namely money as a medium of exchange.

The legitimate currency needs to have a definite value, with the price fluctuation of the cryptocurrency probably not appropriate. because universal exchange needs a stable value.

It would require investment I figure, it needs a strong framework that can shield from wrongdoing conduct, yet in the event that we see cash in return framework is really in view of trust between two gatherings, cryptographic forms of money could be the future "cash", since trust in fiat cash is chosen by one gathering, the bank, yet in cryptocurrency a great deal of "individuals" choose whether your record is genuine or not, and I feel that would be the fundamental idea later on.

This is not possible, cryptocurrency is still a virtual currency, it is not real cash. Moreover, the value of electronic money is not stable. Exchange requires a real money and a specific value

First, select one or more of the highly usable cryptocurrency types, followed by a common convention of all countries for that currency, and, most importantly, soliciting citizens to agree.

The Crypto currency is too young and not as widespread as phiatic money. It takes more time and then people will use them in different spheres. Now there are projects that develop platforms for popularization of crypto-currencies, the ability to pay for various services such as banking offers or Take advantage of attracting your audience-or promoting your brand.

bitcoin is universal because it can be used throughout the world and also now bitcoin is the most expensive currency in the world.

It can be but I think it should take a plenty of time. As of now I can't see it will be happening soon. As some countries are bot supporting cryptocurrency .

Of course, crypto currencies can be a universal currency, with crypto currencies being accepted by all countries in the world,
but I am not sure if crypto currencies can be physical currencies because it will not be better than the existing FIAT currency.

Possibly, there are some countries in the world accept bitcoin as a payment and they prefer the idea of safe, secure and can't traceable money. But to make it work in the whole world there are still efforts tk be made.

Yes, it can be a universal mean of exchange. Why not, no country benefit from it, however, I think that we need something more straightforward, something stable and predictable - that are the essential features of a universal mean of payment.

Cryptoncurrency Strengthens the economy. This is a good investment for a country.
                            If everyone in the world deals with Crypto, they will have a great success. Cryptoncurrency is already trading in countries. But some countries do not use Cryptoncurrency. That money is risky. But accepting the benefits through Cryptoncurrency is a good way to progress as a country.

In fact, cryptocurrencies can be our currency but not global currency and as of now dollar is still our global currency. I think there is still a possibility that cryptocurrency will become one of our world currency which can accepted in all countries. We must believe on cryptocurrencies and I think the blockchain technology will help us to develop the cryptocurrencies so that it can become real currency.

crypto is a digital currency designed to act as a means of exchange. It uses encryption to secure and verify transactions as well as control the creation of new units of a particular cryptocurrency.

I think the future of cryptocurrency will become a global payment exchange and a substitute for cash, but to do that cryptocurrency must be managed by governments.

I think there will be coins that can be a bridge between cryptocurrency and the governments and this coin is managed by the government itself but this coin is related with the other coins especially with bitcoin. I hope that we don't have to wait for a long time to see this is happening and soon, we can use cryptocurrency to pay something or our daily needs. I think by using cryptocurrency people don't have to carry cash or any other cards and the best is people don't have to pay the tax like what we use the cards.

For me yes it will become globally. Let us wait a few years from now and i am pretty sure that crypto will become more popular than its popularity today's. People love the way of crypto as it is use easily, fast and maybe we can include the more security than fiat. Global effect of cryptocurrency can be watch more years from now.

If that happens its a long way to go, we know that crypto is a electronic currency that used for different online businesses.
Physical money  maybe it cant replace by  crypto because it is where people used at first but crypto can be use in other ways  and  also gather its popularity to tje society where lot of people engage  on it.

Cryptocurrency is a digital currency, according to statistics, the amount of cryptocurrency has a lot of coin has more than 1200 coin types and this number will tend to increase over time to meet the investment needs of investors.

right, let alone get support from the governments of various countries, certainly will tighten competition. and for those who do not get a place in the hearts of investors and traders, the coin will be automatically eliminated

It will take some time for someone to guess about it and do it properly.

Cryptocurrency has become a well-known global phenomenon. Although there are still many people, banks, governments do not understand and do not accept there are many different cryptocurrency

One of the main purpose of crypto is to have easy and hassele free access to different things, for example you want to buy gadgets and other things but you do not what to experience the traffic outside if you are about to go shop in a certain mall.Crypto may do, no hassele for us consumers. Virtual money is the new thing and one of the best ideas of man.

That is the biggest limitation of cryptocurrencies, some are proposing the creation of physical cryptocurrencies in order to overcome that limitation but I am not really sure that is going to work, it is better to accept the limitations of cryptocurrencies and deal with them, this means that the poorest people will be unable to get access to cryptocurrencies but this is something we have known for some time and unless the living standards improve a lot in the next decade this is something we will have to accept.

This is a very complex and controversial issue. Many people can begin to argue that uniquely crypto currency can replace fiat money, but I would say that the technology of blockade is wonderful, but the crypto currency is more suitable for speculators. And we must wait nearly 5-10 years to understand power of crypto except fiat.

A crypto is a complex encryption system or cryptographic protocol used to transfer confidential data to preserve the value of exchange units. Each year there are several crypto created to meet the investment needs. of investors

Yes, the majority of the exchanges deal with Bitcoin - you can always get fiat for BTC and buy whatever you want. However, it is still difficult to buy many products and things for crypto.

There are possibilities but different countries would have different views about it leading to a decrease in chance of having crypto as our universal currency. Since it is decentralize, it will totally cause some problems since no one is controlling it. Another thing is the volatility of its value which may confuse people for sure.

Well, I've seen news that Germany accepted Bitcoin as a legal tender and even excepted it from taxes. I'd think it will take take for the whole world to recognize crypto currency as a legal tender but then again, it will only take time. Once that happens we'll say goodbye to old fiat. I jut hope i see it in this lifetime.

No one can demand or force you to use cryptocurrency, you can use cryptocurrency to buy flight solders, jewelry, applications, computer parts and even a college degree. Some schools accept tuition fees in bitcoin

I do not understand what you mean. Crypto currency and so already is practically a global payment network, which covers the entire planet. In any case, for people this is so. As for the states as a whole, they are unlikely to support and widely use the decentralized crypto currency. This is not even worth hoping for.

when I heard the kryotocurrency I remember the first time was bitcoin

No, I believe that physical cryptogenic generally not possible. I am sure that cryptocurrencies will completely replace non-cash payments and the Fiat system will be earthly in the form of cash.

I think it would be hard for what you say become true. This depends heavily on whether the government has acepted cryptocurrency as a means of payment. Currently, there are not many countries that accept cryptocurrency because it is difficult to control the activities related to it with the curent technical. However I hope in the future the thing you mention will become a reality.

for the future I think this can happen with the support of the community or government that moves the crypo world to become more popular in the real world. maybe the government will change the style  of crypto if crypto is connected to the real world

I think it's quite difficult and takes a long time. because we are now familiar with global money, namely the dollar and all countries in the world can accept it. While cryptocurrency has many rejections, only a few countries can accept bitcoin as a payment instrument. and all countries in the world already have national currencies so I think this is difficult. but there is still a possibility because we live in a digital era where all the necessities of life can be purchased online so that paying with digital money is not impossible. we just wait.

I think maybe the crypto currency will remain as transparent money in the future. Because I think the crypto currency does not have the potential to replace fiat for a number of reasons which have no stable value and can be used to deceive people in different ways. And actually that is a special reason why there are some countries that don't want to regulate in crypto.

I think all countries reject it. each country has a legitimate currency and has been used to transact and it is very difficult for Cryptocurrency to become a medium of exchange because it is not as convenient and practical as cash. For example, when you go to the food street or travel to developing countries, then cryptocurrency may not be reasonable to use.

I think that depends on people using cryptocurrency, if many accept cryptocurrency as a medium of exchange, cryptocurrency will become global currency, and if many use them for investment, cryptocurrency will be valuable assets.

I don’t think cryptocurrency will replace once countries  government currency but they probably will eventually be used as an alternative form of payment . In the recent time, the acceptability of  Crypto increase. A lot of international marketplace approve various types of cryptocurrency like BTC, ETH. Instead of these, some country banned it. I also think cryptocurrencies will have other functions like store of value or specific functions like internet of things or data storage or various other uses that these altcoins are being created for.

Nothing is impossible the possibility is always there. When it is felt cryptocurrency is more reliable, flexible, effective and does not take up a lot of resources, then in the near future it could happen.

impossible, bitcoin and other cryptocurrency will never dominate let alone replace the Fiat currency which has long been believed as a medium of exchange.

I'm not really sure if it can become a one and only global currency, but it sure already is just one of the currencies that the whole world is gonna be using.

In a concise clarification, cryptographic money is worked as an efficient virtual computerized cash which implies that it could be just process through the nearness of a particular gadgets or machines. It wasn't be changed over by physical or fiat cash since it's not sturdy or untouchable. It might consider as a worldwide delicate when base on a virtual exchange, which means it's by a PC program

In my opinion, it is impossible to happen. It is because cryto market is unstable but it could give transparent transactions due to blockchain technology that could help people for easier and faster transactions.

It can, but to some extend.
You can not use bitcoin to do a lot of things like cash do since controlling tax through cash and credits is easier than controlling tax through bitcoin. Unless some countries decide to have their own crypto inside their countries.

it could happen if there are many cryptocurrency users

criptoccurency technology is growing rapidly but to master the world economy is still in need of more in-depth research

Cryptocurrency can become a universal means of exchange because almost all countries are declaring it legal and people are using it with great ease.

But Bitcoin is already a universal money, and a global tender. You can buy and sell openly using crypto as a currency. You can do so freely in most of the EU countries.

A crypto is a complex encryption system or cryptographic protocol used to transfer confidential data to preserve the value of exchange units. Each year there are several cryptos created to meet the investment needs

Electronic money in the United States is protected by the Constitution as a kind of asset, but in another country it has not been accepted as a currency and is facing a major challenge from governments and businesses. China has vowed to ban its investment in ICO and India, which banned the use of Bitcoin as a payment method. Now, people view the electronic money as a unique digital, can not copy, can not be forged.

I think it would be hard for what you say become true. This depends heavily on whether the government has acepted cryptocurrency as a means of payment. Currently, there are not many countries that accept cryptocurrency because it is difficult to control the activities related to it with the curent technical. However I hope in the future the thing you mention will become a reality.

That could happen if there was a genuine referendum. Real investors will have a common interest in the crypto market.

I probably say its yes because in the modern way of living digital gadgets like cellphone and others are useful to us now and everyday we carry it so it means if we use digital money like cryptocurrency it is easy to buy something and pay because of crypto so it means that crypto will use as physical money someday.

what is clear, with the modern era as it is today, everything is practical. and i think cryptocurrency is a new breakthrough for transactions, although currently it is still a fiat currency facility, but i am sure that in the future it will be widely used

The number of cryptocurrencies on the market are now outrageous and i find it very difficult to remodify myself with the coins and get the most trusted cryptocurrency to invest into.

In my own view of point Crypto currency is better than currency, but that does not mean Crypto currency can replace the old currency. that bitcoin technology is a technology that can "make money move between countries easier and get costs down  dramatic considerable. Experts agree that bitcoin will not be dominant, because bitcoins are unstable to become a reliable currency.

It seems that it will never be able to because for now bitcoin is a digital currency and few know about bitcoin even in some countries the distribution of bitcoin is not given permission so it makes bitcoin very difficult to do that.

No , I don't think Cryptocurrency can become universal like physical money because cryptocurrency is a decentralized platform, governments can not control it. It's hard to become universal like physical money

no ... we need fiat to transact, I prefer crypto called digital assets like gold. because in my own country crypto is not allowed for payment devices

yes in my opinion bitcoin can be a global payment instrument like physical money but it won't happen this year, it takes a long time for bitcoin to become a global currency. at this time we need more votes from the community to support bitcoin to become a world currency and after that all governments around the world will make enormous changes.

Cryptocurrency is continuously growing in the community and that is the reason why bitcoins do really have a bright future so we should invest today while the market prices are still cheap.

there are many problems that will prevent cryptocurrency from becoming universal money, because there are several countries that still prohibit cryptocurrency transactions

you are right, I also think like that cryptocurrency if want to be universal money someone must control and have to get approval from the state, and cryptocurrency prices not also fluctuate.

Right cause many countries now are accepted bitcoin it become more successful in the future cause they trust and believe in bitcoin that's why many investors wants to join in bitcoin cause they know they have good future in bitcoin .

Cryptocurrencies are spreading like fire all over the world and it is trending a lot.Cryptocurrencies are an easy way to earn a lot of money and in a shorter time period.These are best for investment purposes as they give good amounts of profit returns.Cryptocurrencies just require an internet connection to get operated and are very easy to use.One can store any amounts of cryptocurrencies in their respective electronic wallets.Taxes are also not implied on these currencies.

It will be a difficult issue for many countries. When many coins are not recognized by the government as legal, what you ask is impossible. Take Cryptoncurrency out to tender when many issues are not resolved. Cryptoncurrency is a trend in the future, but I think fiat is the best.

Ilegendph
yeah right, i also think like that, because it can't possibly replace paper money because the picture of the banknote from each country is a hero of the country, so it's impossible for bitcoin to replace that, i just think bitcoin is used as an alternative just as you say aardvark15

People are getting attracted towards it because of its uses and advantages.But because their is no way to control it ,so this can create a problem.But as far  we have seen the improvement in cryptocurrency, we can say that it has the potential to become a universal mean of exchange in future.

I think Cryptoncurrency is a new trend of the world economy. This is an electronic currency that we can use for everything without cash that we can use to send receiving payment modes and all, all depends on the country and the businessmen who have used crypto currency as a transaction tool his.

That is the story of the future but I appreciate that story. This is really a new industry and it is on the fast track. I believe in Blockchain technology, it will be a great technology and help a lot in the future, especially EOS.

maybe, yes or no.  we'll never know what will be the future of crypto but based of BTC all, seems like a lot of us already put their money in.

Economists say no, if we use bitcoin or cryptocurrency as payment for buyers and sellers will be difficult with the value in the currency due to volatility in cryptocurrency, but even though it is not official, many also use bitcoin as a means of payment for certain items as long as there is an agreement on the seller and buyer.

why everyone hopes about the impossible, no, crypto is not suitable for global currencies or for daily payments.
let fiat money work, and I would agree that crypto is only a tool as an investment to create more fiat money.

No doubt that it is difficult for them to replace fiat as fiat is being used by people since many years and it is difficult for cryptos to gain the amount of trust that fiat has but cryptos have their own features such as cheap and fast transactions within and outside the countries,profitable investments,security etc.So according to me crypto will be as popular as fiat in the future and will work hand in hand with fiat.

The Cryptocurrency was built with cryptographic protocols that make transactions secure and difficult to fake and it can be wiped out due to computer crash and hacking they are useful and convenient, but i still chose the fiat for stability.

I believe that will happen, but to achieve it takes a long time. The main reason for crypto is difficult to become a payment instrument because it has not received legality from the government, and crypto holders themselves use crypto as an asset rather than being a medium of exchange.

I think that is possible in the future. It can interfere with the exchanges to make it more convenient and functional. If only we are going to keep on supporting and investing in crypto, we can help it become legal in the whole world and be declared as a currency for everyone. We should keep on helping it out if we really want to see better outcomes.

Why not?
now many banks are starting to look and learn blockchain technology. and even some have started to apply it. and also we see now a lot of coins or platforms that work with banks.

and even they provide trading desk facilities to their investors.if bank could applied it , maybe cryptocurrency would implemented or mass adopted faster than before.

cryptocurrency in my opinion is a digital currency where we can use the currency to send and receive for payment. crypto is the future

nothing is impossible, the development of blockchain technology is increasing, the developers offer a variety of innovations, many crypto have glanced towards banking, one of them is XRP, and many banks are starting to see blockchain technology, we'll see.

I think cryptocurrency will be an additional option for people to transact things online in a global scale. That means that many merchant will accept bitcoin as a mode of payment and not just only fiat currency. This will help our economy much better because bitcoin is fast, safe and cheaper compare to the current system. Good luck bitcoin. I hope it will be legalize in SEC in the near future.

Thats the original plan of satoshi nakamoto for cryptocurrency specially bitcoin to bind the whole world with one currency,to transact in every part of the nation using one coin and tha is bitcoin and with the help of all alternative coins this can be held


Stop that stupid SEC and the ETF because cryptocurrency will live and will progress without all of their legalizations..in sooner time all will become great full because of cryptocurrency

I believe this is the very purpose of cryptocurrency to be used worldwide as a digital currency being used by everyone worldwide. I believe this will lead to a cashless society in the years to come.

currently the crypto currency can already be used to make payment instruments even though it must change it into a local currency first, and the crypto currency can be done in full as a means of payment if all countries have legalized this crypto currency

You are right, cryptocurrencies really have a good value and can be use online for payment. If this will be legalized in the countries then it will be a big help to online industries.

Cryptocurrency can be a means of exchange through trading. It is a hassle free digital currency that can use to any transaction when converted to fiat money and aside from that, it cannot be faked.

No it could not be possible but for now it may be difficult to education individuals on cryptocurrency because the system is not yet accepted by the government. Though there are certain countries that has accepted the system then they could possibly implement education on bitcoin.

The current crypocurrency market has a lot of coin you can find yourself some coin to be able to invest in trading and choose which coin is good for you.

That can happen but at the limits of market control people. And tycoons can take advantage of the cryptocurrency market for money laundering or something bigger.

cryptocurrency may be the means of payment currency exists along fiat in the future. In addition crypto will be a place for people to store assets instead of gold foreign currency as today.

it could take long time for cryptocurrency legalization from government.they need to make new laws in their own country that might be have different political will.

I am very doubtful about that because we know that the total supply of bitcoin and some other cryptocurrency has very limited availability which will make cryptocurrency prices have a very terrible movement and will surely make many people afraid to use cryptocurrency to make transactions because the price could suddenly fall and a threat to sellers of something you want to pay using the bitcoin you have.

yes why not? i dont mean that cryptocurrencies can beat physical money and cash. because traditional money items will stay stronger. there is no doubt. people feel more safe with cash. but crypto can be an alternative solution and practicable as well in the future.

To the crypto currency has become exactly what you are talking about, namely a universal means of exchange will take a lot of time!

Even though cryptocurrencies is not yet used by everybody today, cryptocurrencies play a big role now in people who knew it and work for it. Cryptocurrencies especially bitcoin is already used as a mode of payment like for example the facebook online shop. The admin post that they are accepting bitcoin as a payment to gadgets tgey are selling. In the Philippines, cryptos like ethereum, bch, xrp and bitcoin is catching peoples attention because the most used wallet online "coins.ph" contains this.

At times like this i think it's the right time to save cryptocurrency, so that if a lot of people use it, of course price will increase, and we get a big profit. hope that many countries will legalize it

Nowadays electronic money is quite risky, it is not suitable for those who are weak hearted or do not have much capital, if less capital then we require such deep knowledge to hope to make a profit.

I think that in the future it will happen, and cryptocurrency will become a common currency in people's lives and replace or take place next to Fiat.

Yes I agree. It is a digital money that can make people rich by investing. I believe that crypto currency can  the ecomic rate high and lower the rate of unemployed. I know that this will last long in this modern world.

Maybe on the near future Cryptocurrency will become a universal means of money or source of money because many people are patronizing crypto because of the larger income that has been produce by it.

if I think that replacing cash to switch to digital currency will not happen, because the government will never be silent if the currency as a symbol of the state is replaced with a currency in...