Bitcoin Forum

Is the world really waiting for a global decentralized money?

No, the average person doesn't care if it's global, they don't care if it's decentralized. What the average person cares about is if it works to buy food and pay their bills. Now investors are quite a bit different beast and also well off global travelers.

the world is not just waiting for a decentralized money, but rather the decentralized money is already among us all ''bitcoin'' though the adoption yet is not as expected but soon every thing will become digitized and cryptocurrency wont be left behind.

I think that regulators are currently not ready to recognize Bitcoin and cryptocurrency money. They will try to qualify it as something else.

nope. most people don't care about decentralized money because the systemic risks of counterparty risk in finance haven't affected them. if depositor bail-ins start becoming more commonplace, or if there is a serious economic collapse from fractional reserve and rehypothecation practices by banks, i would expect that to change.

people tend not to understand risks until it's too late and the damage is already done. :-\

of course yes! regardless of the people care or not, the world economy is crashing, were in a bubble economy that is about to pop, check the interview of peter schiff on rt america in youtube, and other video interviews of financial experts they all say one thing " get out the dollar" if you check now the stockmarket,the dow, etc. they are starting to fall...

Most 3rd world countries/African countries haven't even awoken to the new trend of decentralized/Digital currencies,while a large percentage of those that have are still sceptical about the system(scam),while a lot more cannot get access to the internet

Decentralized money looks to be the future curreny,but for now the world is yet to embrace it, at least not with open arms
They aren't ready to take the risk of investing and losing,wallets getting smacked by malwares, exchanges getting hacked, users getting scammed..

The negatives seem to flash all across and make all the headlines
The world at this point only cares about it's economy,jobs,education,military etc

But amidst all this,the growth of the bitcoin is unwavering and if the world fails to accept it now, it'll definitely go ahead of them and wait for them to play catch up

actually it is very good if crypto will be applied as a global decentralized currency but for now it is still difficult due to the existence of several countries to this day still not willing to legalize bitcoin.

a small part is waiting, but most do not care and stay focused on the current currency and financial condition. because most people don't know what decentralized money is, even they have never heard of bitcoin and cryptocurrency.

Indeed. Most of them even dont recognise the crypto currencies at all and all they know about it as something trading stuff. They have no in-depth idea about it so how can anyone be expecting them to use it for the purpose of real life affairs. A global decentralised only, that really sounds very big title with great responsibilities within it but its really a fakery and nothing else. People are not willing learn about it, the average person just recognise his bank, cheques, cash, and online banking and I am sure if surveyed then they will never want to try out these.

Your opinion is that there are still some countries that still cannot accept the existence of bitcoin so I think that if crypto is applied as a global currency, it would still be difficult.

no the world is not waiting for a decentralized currency and as others already said, people don't usually care for it either. but that is what has been happening, bitcoin as a decentralized currency has been growing more and more and people may not realize it now that they want it but as soon as they become familiar with the concept of decentralization in general and use anything decentralized they start seeing the power of it and then they will also start wanting it.

Whatever works for people today will be their primary choice, and at this day and age, no one really cares about the improvement of our financial systems; they are much more interested in inflating their assets and bank accounts rather than deviating from the current financial system. Only a handful of people wants a complete overhaul of our financial system, and almost everyone are just busy living and making it out alive.

What this world needs is the redistribution of wealth, though I'm afraid that that wouldn't be achieved in our lifetimes.

It would not be right to say that the world is waiting. But it is possible that the world needs. We will have many returns to an innovation centerless projects. As time goes by, I think the better ones will come. We are currently in a complete transition process.

Nope, because the majority of them have no clue was decentralization mean and what advantages that has over centralized money. It only becomes evident, when something goes wrong with the centralized payment methods and they have to resort to other alternatives. Just look at the people who were using Backpage and then credit card companies stopped supporting that service. <We saw a huge influx of people wanting to switch to Bitcoin use, because they could not use credit cards>

The same thing happened with Wikileaks and Bitcoin once again, provided an alternative solution.  :D

Globally, in my opinion it is not, but some groups do have such hopes. and they want it just so they get easier access to their activities. because of course, people who work outside the scope of the internet and digital certainly will not interfere in this problem

I have to agree the majority in here, not all people cares about the decentralised, and with the media keep on focusing on the bad side of decentralised money, it makes people not really care and some even hate decentralised money , but if you asked business people then global decentralised money could become new breakthrough and the potential to make more money

I do not think the world is waiting for it because the world is totally not ready to accept, adopt or believe in it
The average person of scared of the risk in volatility of price and also is wary of buying what would be of no use

I do believe that until we have a real life case use of crypto currency on full scale operations
Only then can the world be ready to accept bitcoin and other altcoins.

Example such as paying bitcoin for travels or trains, pizzas, e.t.c

Do you think they will have to recognize soon?

It is never known what can lead to technical development. I think now many are afraid of cryptocurrency because of their meager education.

In the future, cryptocurrencies will take their place in the world.

For money issue, I am not sure that some people need money that has a decentralized system. They will consider the money created by a decentralized system is a fraud that must be shunned. The reason is quite clear if the person does not have a party that governs it in real terms, and even if the price changes if based on supply and demand, not from a decision made by the person making the money, it will make them more distrustful.

Most of the people don't give interest with what's with globalization or decentralized money, they don't have time for this and all they about are themselves on how to survive.

This.

Survival at its finest, regardless of how good the innovation is and how helpful it is for the people but if it doesn't really target those average person, there will be division for people who are hungry for decentralized systems and people who are thinking of what food to eat.

i dont think so. the world is vast and many people today are unbanked and not that financially literate that is why i am not sure that the whole world is capable of using digital money.

Definitely, the better ones will come. Transition phase...

Yes, if a money can involve businesses in some ways, it will have the capability of being globally applicable.

How can we wait for something we don't know? However, if we can fully understand what is happening then an expectation may occur.

As another member mentioned earlier, cryptocurrency is challenging with transition process. We had better wait...

Requirements as well as situations available in the current systems may pose the world to look for a novel solution, even knowing nothing about it.

That is a difficult question to answer, but the answer is modt likely to be 'No'. There are people who like decentralized money only for investment and earning, but they will not accept it their daily life. Some people would love to accept it. But, there is also some people who don't like decentralized money at all. So, when we are going to talk about the world, we will have to consider all of its population, and thus it is safe to say that the world is not waiting for decentralized money.

i think with the way this crypto market is maturing, soon will be attractive to low risk investor ( almost everyone) right now its a  market in development and is still to young and reckless so, almoste veryone gets in got scammed and run away and the mouth to mouth bad marketing is the responsible of the bear market.. in part of course

my understanding of the global world is not waiting for desetralisasi, because there are still many lay people do not understand about this bitcoin. The real needs they are waiting for, bitcoin is considered a stock that is not yet clear to many people. They work in the field they get a salary - that's what they are waiting for and then buy all their needs.

The importance of having decentralized money, which we could call Bitcoin, wouldn't matter a lot if the people are not open to it. It would be hard for them to learn it if they are not too familiar with it, and especially the senior citizens of the world. They would have a hard time, but it would be nice to see that your grandmother would give you a gift in Bitcoins. Lol.

The world is waiting for no one, and people want the easy way and for some, what they already know. But having decentralized money would help a lot with the problems we have with fiat. The world needs it, but it's not yet ready.

I understand what you mean but I don't think so. i think that the world still need real money to maintain the global economic system. For global decentralized money, i think it is really hard to come true

Sure! But the world is getting close by the internet and social media. We were much more distant to each of us 10 years ago. i think day by day global, decentralized money become more important for the average person.

Yes, we need only a 5 year more to see the big changes.

It is rumored that most politicians seek globalization and the creation of a world government. In this case, the cryptocurrency will be very appropriate. This topic can be classified as philosophical. Because for globalization to happen, all States must unite. We can have a lot of discussions on this topic, but we will definitely see what will happen.

Parts of the world maybe, but others not so much. A lot of people just want to ensure they have food and a roof over their heads, which some people can't even say they have. If you are speaking about wealthier people and those interested in investment, well maybe, but even then it would only be if it is going to benefit their goals

Not only politicians, the world is controlled by a few very powerful people who would greatly benefit from such a world. If everyone could participate in consumerism, imagine the profits! International organizations have been moving us in this direction for a long time.

The ultimate goal is for the entire world to become a “single market” with uniform laws, rules and regulations.

I think, yes.

Who cares if it is decentralized or centralized, people just want to be treated fairly to pay for work and can be used for all kinds of transactions. Decentralization and centralization are business products, the spirit to reduce transaction costs is only an illusion. Even bitcoin transactions have high fees and those that give large fees are prioritized based on the transaction.

nope. not at all.. some might find it convenient, some find it just another mean of asset storage. some people not even know or need it, they just as content as they are right now even without any money.

I do not believe that the average person has an interest in decentralized money. Technology and progress does not stand still but it takes a lot of time as for the economy !

Technology is the only potential to take the exclusive control and profit back from capitalist mafia. Decentralization/distribution of control/trust primarily aims to bring economic justice for the public and societies, though certain people do not like this to happen. Regulation could be performed and set autonomously even in democratic autonomous organizations as well as dApps.
It is a fact that most of people are currently not aware of decentralization benefits, but they definitely will be when the next world economy crisis happens. As I mentioned earlier, we need a certain span of time to wait, watch and finally see what will happen.

Its hard to say world waiting decentralized currency. Most country have their own central banks that control their money supply, and i think central banks disrupted by bitcoin or cryptocurrency. Government and central banks must be want to keep control on money supply and if government decide using cryptocurrency, i am believe they will creating their own cryptocurrency

You judge by yourself, because you rotate in the world of blockchain and crypto technologies. Most people don't know anything about decentralization. And many of the people don't want to know anything about it, they don't need it for everyday life. They and without decentralization is good.

I guess many investors will answer no. For investors, they always expect bitcoin to grow best and not depend on the government. Therefore, centralized charges for obtaining legitimate government approval are unnecessary.

Agreed. There is a percentage of the population who cannot access the web,
there are those who can but are literally existing from week to week.

Of the population who have a disposable income not all care about crypto, they
feel they dont need it. There are others who are doing just fine with FIAT.

We are the ones who are interested in the various features and projects of
decentralised crypto there are others who are waiting on the sidelines for the
next big bullrun.

Most of the people of the world don't know what is decentralized digital currencies like Bitcoin, Ethereum, Ripple, LightCoin and atcoins. They only know their currencies and USD or other few currencies.  To be a global currency, the legalization in most of the countries is mostly needed for Bitcoin.

No the world is not waiting for anything like it, the average person doesn't really care if it's decentralised or not, all he cares is that it's money with which he can buy food, house and clothes. While people have the herd mentality effect in which one person follows another that might introduce them to bitcoins, slowly when they realise it's power and benefits they may actually adopt it, but as of now no one really cares for it.

The beauty and benefit of a single global decentralized currency is understood only by those who have already become familiar with Biotin. This is really going to be a very cool event for the world. But when that full acceptance happens is a mystery.

A lot of people who is open minded would see the opportunity of being part of the Bitcoin community knowing that they have the curiosity about it. But when a skeptic person starts to see that, they will only be thinking of the contrary part on it.

What I worry most is the part where the uneducated people start to know about it and be affected because I think they won't be able to comprehend Quickly or easily. It's not also like they would be able to get the technology needed. I think there is a need to stop and think about helping the ones who have no knowledge or capacity to get educated.

I think the world is not ready to use cryptocurrency as a global currency, cryptocurrency are too unstable and the government is also unable to legalize cryptocurrency.

Unfortunately, a lot of people in the world still have no idea what a decentralized currency is and what benefits it can bring us. Therefore, not everyone is waiting for the full implementation of bitcoin as a means of payment. Alas.

The part of the world that has already had the happiness to get acquainted with all the pros and cons of the decentralized currency bitcoin is undoubtedly waiting for its full global adoption. And I belong to these people. This technology is indeed very promising and will bring great benefits to the developing world.

That's not true when all smartphones jump into blockchain. The domination will begin it will be widely accepted. The government is legalizing cryptocurrency in different countries and regions. And thry don't have plan to stop it nor promote cryptos as payments of goods a d services.

As time goes by, we will see good and also surprising events.

The vast majority of comments indicate that not people are ready to use a decentralized money globally nor regulators.
However, the main message of the question concerns about willingness rather readiness.

People in the cryptocurrency ecosystem has read and understood how cryptocurrencies are and how it works with its decentralized nature and I think they are all waiting for a global decentralized money.

I don't think that the world is waiting for a decentralized currency, because many people are still accustomed into using hard cash for their daily needs. If they're able to transact without any issues, then they won't care much about decentralization. Central Banks have been performing as intended, securing people's money without any risks (since funds are insured by the government like the US FDIC). For people to care about a global decentralized money, something very badly needs to happen where governments take extreme measures to control one's transactions.

But, that's far from happening soon (if it ever does), as people rely more on Cash and Credit Cards (which are centralized) than decentralized solutions such as Bitcoin and Ethereum. These cryptocurrencies are already a global decentralized money accessible by anyone, but most people seem to ignore them due to their many risks such as volatility and hacks. Therefore, until decentralized cryptocurrencies become perfectioned, I don't see any reason why the world would wait for a global decentralized money, since centralized currencies are already performing as intended without issues. :)

maybe some people wait for that, but they are more concerned with profits than the status of a globalized currency, they don't care about it because it won't bring big changes, the most important thing is how they profit

I believe that the world is not yet ready to use decentralized money. So far, they are of interest only to people who are associated with crypto. The rest do without them. It is necessary that some time has passed and perhaps in the future people will cant imagine their lives without cryptocurrency.

From the investment standpoint, you are definitely right since profit gaining is much more important for investors than any thing else.

Maybe you are right about the existence of people who tend not to understand the risks. But I disagree if you say If many people don't care about decentralized currencies because I think everyone in the world looks forward to it and I think in the next few years, currencies around the world will be decentralized.

no, of course not.
maybe for our community in the hope of bitcoin, even then if the value of bitcoin is very reliable in its level of stability.

The majority of people are not aware of blockchain technology and decentralization of money. This is the generation of the internet which has brought the necessary disruption to democratize information and make it accessible to the common people. Nevertheless, The world's banks are still following the old archaic banking system and methodologies which makes transaction very expensive. I am sure that people will start adopting decentralized money over the old banking system and centralized transaction.

No. They didnt expect bitcoin.
That is why they are making strategies into how to put it down.
If that succeeds then they could colonize the world of crypto with their own shitty coins.

It sounds so bad but it is the truth. Tether is already an example of it. Yet many people still supports it. There will be a moment that it will be taken down and it is not too far away.
To biitcoin they cannot do it for it lives from the belief of people

I think the world isn't prepared for it though. There are still so many people that isn't aware of Blockchain and people tend to really on FIAT.

Ofcourse i think, people nowadays is really tech-person.
They wants the future is like what they whats in the sci-fi movie.
With the decentralized payment system, this world will be look like so futuristic

no, no one is waiting for that unless it happens en masse and just as it should.
there is no debate about this because every country has its own fiat currency, and bitcoin is easier to trade than spent

No. We can keep talking about how much we're waiting for bitcoin and altcoins to become a global currency and decentralized money, but the truth is not even half of the world knows about cryptocurrency. Some doesn't even think about how beneficial decentralized money can be, so how can they wait and seek for it?

The people who are into cryptocurrency has now gotten to know security, reliability and also safeness due to the decentralized nature of cryptocurrencies. Therefore the world seeing this would like into this decentralized nature and then tax-free economy or low tax systems.

Probably not, the world is just waiting for good news like the rules about using cryptocurrency are clear so that everyone can use cryptocurrency safely and easily without fear.

No one was expecting something like bitcoin to appear except those that had knowledge about cryptography, governments do not like it and it is not really difficult to know why, they were very happy with their monopoly they had and now they are discovering that for the first time in a very long time they are going to have to compete with a new currency that it is impossible for them to control.

One large country whose territory deals with the whole planet and one decentralized currency system with a completely transparent scheme of movement - the classic blockchain or more progressive types. That's just who will regulate the course? This question does not require a response.

There is a possibility of something average between the usual currency system of money movement and the decentralized bitcoin. It is necessary to consider options where these two huge waves will gather in one good project. It would be interesting to see some ico on this topic.

No. I wouldn't say that we are ready, not yet. Decentralized coins is still in its infancy and governments around the world won't simply accept it because its beyond their control. We have seen countries now taking a hard line stance because they're afraid of the negative impact in can bring to them so it simply won't happened in the next 5 or even 10 years. There's almost who will go against it and fully support it so I guess we're just going to be fine.

Yes, we're going to be fine  :)

Umm possibly yes. Thing is Decentralized money's technology is a bit complicated or very very complicated to understand so it depends on the people if they really know about it then yes if no then no

The world is filled with different types of people and not everybody is a fan of cryptocurrencies or technology. There are many who want a decentralized economy and a global currency but there others as well who want's to keep the things as it is now. So we can't really say that the world is ready for a global decentralized cryptocurrency until a majority of the total population of the world demands for such.
This will certainly take a good amount of time and hence the mass adoption of cryptocurrencies is still far from us.

When the Internet is managed from a center, isn't a decentralized system installed on it? The world doesn't care unless we're physically central. The world needed a currency to make you feel it was not central. They've done it.
:)

The rich people doesnt care anything about bitcoin, wise and businessman do. Rich people dont waste their time in bitcoin. They dont care about it cause they are already rich. And many of them think that bitcoin is a scam.

Maybe rich people pretend that Bitcoin is a scam  ;)

Most part of the world doesn't give a shit about this issues. And most part of the forum also. Only few people really think and much less people make something for that

I don't think bitcoin will ever become centralized money system, because it'd would its essence and sense. I also don't think, we can speak on behalf of all the world. Do you know how the average person look like? Well, I'll tell you, he or she receives enough money to sustain their life on the same level and pamper themselves from time to time. Such person hate chaos, and decentralized money are nothing, but it.

this is a good reply so this thread didn't have to go to 5 pages perhaps,
but if we think further, someone in power has to be both aware of the flaws in the current system, and want to "break free" from it?
we don't need the middleman, but yet governments and banks are fighting so hard to keep it. to get to the next stage in civilization we must get past this point!

Technology will pass all the obstacles whether governments like it or not.

Nope I don't thik so this as important now as we have something really worth of waiting.Global decentralized currency is already with us and the issue is how to get that currency more stable and more profitable.

Already the decentralized money will be needed when the time comes, not to gain as it is. We all know how easy the usage of the plastic card is from paper money. Cryptocurrency is much more useful than a plastic card, and you don't need to carry anything physical, just the presence of the internet is enough to pay anything.

The  world will definitely  tends to  a global decentralizes currency, this  is still some decades  away, but sure it will commence with the technology of cryptocurrency which is the real answer to  the cashless and  global currency decentralization.

Perhaps the world is not really waiting for this adoption but it is only because most people have not yet had time to properly learn about cryptocurrencies and realize its advantage.  

yes, when I read from local media that public enthusiasm for the demand of decentralized currencies always improved better, Indonesia, China, India, South Korea, Venezuela, Argentina, Switzerland, Singapore, Malaysia, and others.

although some countries prohibit the development of crypto, but in reality, many people adopt crypto, such as in Indonesia, China and India.

and that means, the public has realized that crypto is their economic solution, so I say that the world is waiting for decentralized currencies.

It is not just waiting for this kind of currency but we can consider these as a huge transformation in the world of currency. Such development will help us bring what is best and applicable for the next generation. We are in computer era and almost everyone are now using internet which is digital currency may very applicable at this time. Why we don't embrace this thing if it is helping us to more productive? Of course, will do.

People who care about economic progress of the country are really waiting for a global decentralized money but for those who don't even know abount decentralization don't care if it will happen.I think most of the people should be educated about cryptocurrencies so that they will embrace the new technology that will answer our economic progress.

just some people want to crypto as global money. even though, better if we have fiat and crypto as our secondary payment. not all people know about crypto, and its hard to teach fore some poeple. so, people that know about crypto, jast walk with your future, your dream about crypto money, but you still need fiat, and people that dont know about it just life as usual

i dont think so, but i think decentralized money is the future, we can see that in the future we can see that there are many technologies that will replace the traditional things, maybe the decentralized money is the one of them, it will replace the traditional money that still use the decentralized system

I think people are simply waiting to see if crypto can work in their country first. Baby steps, so to speak. Once they get used to the concept, for sure they’ll be more accepting of a global currency –which in the end, will prove to be more practical and efficient for everyone, don’t you think?

Of course. It's our future. Technologies develop and come to the fore in various fields. Economy is a good field for technology. Do you expect such a cryptocurrency?

blockchain and crypto currencies were created following the development of technology and time and perhaps also to cover all deficiencies in the economic system and possibly also the economic system will adopt blockchain and crypto currencies

I doubt wether even half of total population of this world have heard of bitcoin or decentralized currency. But that's how it works actually, common people are kept in dark regarding good stuffs. Stuff that can actually make a difference.

The world doesn't care whether there is a decentralized money or not. I doubt if they even know what a decentralized money is. But it does not matter if they recognise it or not the currency is growing and eventually everyone will get used to it.

It really depends on the global majority. If it was put to a vote I guess the tide would be supporting of the decentralized global money but it will come with its pros and cons.

Many people are still in the dark regarding the existence of decentralized currency. And frankly most of them do not care that as well but that will not stop the growth of the currency in any way.

Most people of the world are just happy to earn money. So many people are illiterate and the concept 'decentralization; would make no sense to them. Perhaps the world needs a decntralized currency along with fiats, but what it needs imminently is making the mass people aware of the benefits of decentralized currency.

The world may need a global currency, one could argue. But the matter of the fact is, half of the total population don't even care where is this money coming from as long as it is coming. This much poverty we have. People who are aware of the loop holes of central currency would love a change. But otherwise, people are still in dark.

The world is not yet ready for a decentralized cryptocurency. There are many opposing factors are in the way of a global decentralized money. I for one hopes to see a future where decentralized cryptocurrencies are globally accepted.

Most of the people actually do not care about decentralization as long as they cannot see the potentiality of blockchain and cryptocurrencies. World is actually far away from having this decentralized money let alone global one.

Probably yes but if Crypto currency cannot serve what average people or world needs, people will not cares about it. However, I see the facts that bitcoin offers potential services to change the world run to digital. It is proven by the development of widespread of bitcoin is continuously increased. Government is trying to see the potential of blockchain technology.

Can you define ''world''?
It's to general term.
Do you think about political and economical, banking elite?
I'm sure that they are thinking about global decentralized money but they don't think about bitcoin in such context.
Why?
It's very simple really, they can't control bitcoin.
Average people mostly, influenced by media, don't have positive impression about bitcoin at the moment.
Many people think that bitcoin is only good for speculation on the market.
I think that people will like idea to have one global currency so that they can avoid exchanges during travel but just a few see bitcoin as such currency.

a great and valid idea :)

in my opinion no. Decentralized or centralized currencies are very useful for all countries. the world only needs a currency with a good system with good security. so that all countries feel safe and comfortable if they do economic activities. so that all countries will choose the best currency system to support their activities.

No, people have no interest if money is decentralised or not what they want is money that works, money that can be used to pay for goods and services.

I am not sure for this because when cryptocurrency release and people know about cryptocurrency, I think they are not ready to see and use cryptocurrency. Besides that, we need to wait for the cryptocurrency is in use in all country then the chance to see cryptocurrency become global decentralized money will happen. Without accepting in all country, we will never see this is happening because there are not too big support from each country and the people itself.

People don't typically like to admit they're wrong, so you're asking for too much here. They'll just try to rationalize it. But the math can't be rationalized. No matter how you cut it, HODL wasn't the ideal approach. It wasn't even the safest.

You would have made more money with just about any selling at any point when it was over $10K. You didn't even have to sell at ATH. Then bought back at any point under $10K. No need to even time it perfectly or hit the bottom accurately. At a minimum you should have made a little extra cash. But if you were patient, you would have made a killing. No need for any active trading, just two extra transactions. You could then return to your exact same HODL position, but with extra cash in your pocket, and having a little extra guarantee in case things don't pan out.

Holding long term is a great advice originating from the stock market, when you have a DIVERSIFIED portfolio, that can handle a few bumps on the road. That's because historically, things like the the DOW have always been steadily climbing. It doesn't really apply to a single all eggs in one basket investment like just Bitcoin. That's a much more vulnerable tactic. Plus Bitcoin doesn't have a long enough history you can rely on, and hasn't even hit mass adoption yet.

I have some long term Bitcoin stashed away, but I'm still making a little profit along the way because you just can't predict what the future holds. Maybe the world will decide to adopt another cryptocurrency instead, or maybe a major vulnerability will be discovered in Bitcoin in a year. I'd rather protect myself. Things may not always pan out like you'd like them to.

I didn’t even read your whole post because it’s so ridiculous. Hindsight is 20/20. If you were investing for the long term (years) like me then this bear market means nothing, because it’s temporary. Back earlier this year when people were yelling HODL, we were trying to prevent an irrational bear market from taking hold. We lost. However, the market could very well have turned around faster than anyone expected, so hodling could have been a good idea even in the short term. Again if you are not a daytrader, but instead are a long term investor than HODLING has been proven to be the right strategy during bitcoin’s 9 year track record. And I believe this will continue to be true in the years to come.

It depends what we mean by the world. In general, we can say, that the majority of the world's population have no idea, what is a decentralized money, but in the same time, globalization is a solid trend nowadays, and decentralization makes true sense in many ways.

The consumers are different from investors , they don't care that it is a decentralized or centralized system as long as they can easily use in their daily life to buy food and drink  ;)

It hasn't. And it keeps getting proven wrong. What markets like the one we've seen in the last year, keeps proving that it's not exactly the best strategy. Especially since most people aren't in this for the last 9 years, so it really doesn't help most people entering the market now. Your argument only works if you've been in the market since nearly the beginning.

And I'm not just talking about the continual missed opportunities, it's more about how hodl is being sold as a safe strategy. Which is very misleading. The closest thing to a safe strategy is a mix of both a little hodl and long term trading. But nothing is really safe or guaranteed. Being all in with only hodl, is basically putting all your eggs in one basket. With the illusion of doing the same thing as the stock market, except you're not using a diversified portfolio following the S&P 500 or the Dow Jones. So you really have nowhere near that same safety, only the illusion of it.

I think the world already has a global decentralized currency in the "bitcoin", although cryptocurrency today  may not be easily accepted like fiat, but the world is no longer waiting for what is here already.

Historically the best thing a person can do with Bitcoin is buy it and forget they own it. Revisit in a few years. The overwhelming majority of people who try to trade lose money and a lot of that is because of their own emotion. Most of society and makes decisions based on emotion rather than facts and logic. This kills them as Traders

Not waiting, actually we dont have any idea about this before "that money can be decentralized" till bitcoin is invented so no one wait for it but most of us like the idea of decentralized money for sure aside from those corrupt in every country.

why not, because if we look at the role of bitcoin as a decentralized currency, I think with all the types of features that bitcoin has, of course it will provide convenience to every user. but of course even though a decentralized system is a system of freedom in terms of finance, but I think there must be a role for the government to make regulations that aim so that no party will use it for criminal purposes.

No I don’t think so, I think most people just want a local currency from a government they can trust and where the value is stabile. A global decentralizes blockchain currency are mostly for the people who think there local currency will burst, or who like to gamble.

I do not know. Maybe, the world is preparing for a good move when it comes in global decentralized money. Of course, all of us have the eagerness to join this big community. It might 10 years before the world fully accept this matter. In fact, many research will undergo in case this will become the trend in the future.

Nope, the world is actually wasn't and may not be even ready now, though we have it among us. We hear governments speaking ill of Btc and that should tell you the world never anticipated this. However, I believe the growth of Btc acros the globe will force them to embrace decentralised money

no . Most investors just want bitcoin prices to grow and have strong price volatility so they make more profit with bitcoin. Centralized costs will make investors lose profits and I think investors want bitcoin to grow bitcoin freely and without imposing, so surely people would not expect a centralized charge. . .

I guess, no is the answer. see, most of the people even has no idea about how their currency is backed by gold or how they print it. They just care about earning, spending, saving and investing - and this is the major reason that BTC will take decades to go global.

I think world is not ready for a global decentralized money because not all the country can afford the innovation that need to upgrade and I think this is too much expensive that even the big business that belong in not so progressive country will damage because it can affect to their business. I think global decentralized is too risky. Imagine that all your transaction is at online then suddenly the system will damage,all your money will lost. I think this is possible to happend in many more years. We need to focus in our present progress then when we achieved it, global decentralized may be posaible.

Yes, that the world needs a centralized financial system, with a centralized financial system, we can get the best service. The financial system will be faster and safer. This will further support technological progress and in my opinion if this can be applied quickly and precisely then we will get a much better future than before. A centralized financial system is a dream for everyone !!

It will be wonderful if the world accepts decentralized money.  But it's quite impossible because there is an issue to legalize bitcoin in every country but most of the government are opposite of decentralized money. But personally, I would like to see this happen who knows what will happen in the future.

A global currency will certainly exist. But I strongly doubt it will be decentralized. Meaning, this currency will not be digital. This global currency will be controlled by an elite organization which was planned out generations ago.

No. Not many people know about cryptocurrency and that's the truth. There are a lot of people that are using cryptocurrency around the globe, but it's still a small percent compared to how many people are using fiat. If we are heading for a global decentralized money, it won't happen 'til maybe about a decade later or two.

You got the correct answer dude,majority of the people worldwide is more concern on what can bring then food,shelter and money it doesn’t care if centralized or decentralized,only governments and politicians are more concerned  since they will benefits if the ball turns their ways

The time comes when it becomes obvious that dollar cannot be used as a world currency. This is understood in the United States, which used to benefit from the dominance of the dollar in the world. Therefore, sooner or later a decision should be made on the use of a new world currency. This may be Bitcoin or another newly created cryptocurrency.

I guess the world will finally have to accept a global decentralized money.

Honestly, the world doesn't care about it. They wouldn't even know how the current financial system runs. A decentralized money would just be another fancy word for them. The investors, tech enthusiasts and other such similar segments are eagerly waiting for this. It is not just the fact that money will be decentralized. When money becomes decentralized it helps curb corruptions of various forms which could go from the ground level to the higher levels of the governments.
So the answer to your question is no.
The world might not completely be aware to truly want a decentralized money.

The truth of the matter is not all people in this world cares about having a global decentralized money. As a matter of fact, they don't even know nor heard about the word "decentralized". So how can they care for something they don't even know or didn't even cross their imagination? Who cares for this global decentralized money are those who have self-vested interest in it, those who will benefit from it. They are the indefatigable beings who know very well the convenience and ease this "decentralized money" will bring to their lives and to their businesses, and thus they realize the expediency to bring it global.

Wait is getting unending we cant wait anymore, the world economy is falling apart, debt culture is boiling point, assets are getting liquidated cheap, and the trust is falling apart with apartheid govt all over the places. we cant continue to claim to be human if we continue to support such human regime time to bring about a change.

Well that just maybe. People are waiting some decentralized money because they know that centralized thing are making some worse when having a crisis and i think going back like using gold for transaction in old age should make stable economic. And in modern age we can use decentralized money again using cryptocurrency

Correct. The US Dollar will not always remain as a world currency. Some change needs to happen, especially after the inception of Blockchain technology back in 2009. AFAIK, people are disappointed with real world currencies since governments can manipulate them easily. Due to their high inflation, it's becoming less practical to use them for buying stuff, as their spending power becomes decreased over time. While people aren't waiting for a global money yet, they will demand it once government oppression starts to occur.

After that, decentralized cryptocurrencies may take over the world's economy, or simply a centralized cryptocurrency like Ripple would achieve said purpose. We may not be very far from this to happen soon, as the world is shifting its views towards everything blockchain. :)

I think you are just mentioning what we are experiencing in this current bear market, and I will say that it is normal. Nothing has change, we just got used to seeing a bull market that once it got corrected we are feeling that something bad is happening. And I don't think a decentralized kind of money would solve any economical crisis we are currently experiencing, the government will always find a way to regulate it or worst shut it down. Don't make it look like that all governments of each country are run by dictators as clearly a decentralized kind of money will not be a solution to your problem.

People will not care unless they need it. Ordinary people would not use bitcoin for the simple fact that they don't need a use for it, especially those who do not have transactions overseas. They can live their lives using local payment process.

For investors, businessmen, and travelers the story will be different. For they have experienced how money really works, and because they are continuously seeking ways to make thing cheaper or to save.

It will be different depending on who you ask. But I think it will help no matter what.

I don't think the world is waiting for a global decentralized money because there is already a proof that proves it already. It's so obvious how some countries ban the use of cryptocurrencies in their country and that alone speaks about it already.

I think the world is not ready for a global decentralized money, especially those people and institutions that benefit from the centralized system. People have just learned about it and haven’t realized the power of decentralization. Unfortunately, at the moment, most people care about the price of cryptocurrency rather than opportunities it brings.

The worlds criminals are waiting for it. For the average citizen it’s too inconvenient and difficult to use.

I think the world is not ready yet for the decentralized digital currency. Before that happens Bitcoin needs to be more familiar with every sectors' people, And, Bitcoin volatility should be control or stop. Because a volatile coin won't be accepted in the major sectors.

I don't think people will understand it somehow if the government will not support this kind of currency migration. Decentralized money has to be more accurate in terms of spending needs, and being ready for this depends on how people would demand this for daily mode of spending. Proper understanding towards every individual around the world couldn't give us the confidence of allowing every person to adapt decentralized currency instantly, because it will take a long process.

decentralization of the global currency will only give birth to various unfair interests and this is worse than the central monopoly, many people who cannot compete or even become followers will be isolated by greater interests.

But if the currency is separate and is considered a common currency, it will still be considered feasible because after all the currencies of each country still have to remain independent in accordance with their respective regulations.