The inventor of the most famous cryptocurrency today – Bitcoin – attempted to build a “peer-to-peer electronic cash system”. This had been tried many times before but the main point of difference between Bitcoin and previous efforts like Digicash was that it was to be entirely decentralised. Without an overarching entity controlling the currency, the notion of “trust” would be removed from the system.

To combat “double spending”, the major flaw in all digital cash systems at that point, Bitcoin inventor Satoshi Nakamoto proposed a revolutionary technology known as the blockchain to record all the transactions made with his currency.

For any single balance, transaction, or change to the network to take place, there would need to be consensus amongst those validating the network – the miners. Since Bitcoin’s invent, many other programmers have attempted to use the model and tweak it to provide what they consider to be a more functional form of digital cash.

Other cryptocurrencies include Litecoin, Monero, Ether, and New Economy Movement. Many of these efforts tailor their currency for a special purpose. Speed, price, and privacy, are among the most common.

BTC is Unstable

Bitcoin is speculative so the currency is unstable. In addition there are currently some companies offering btc purchases so no one has made this currency money for payment

Yes of course, i usually use my btc for buying my stuff from internet because it's pretty simple and many stores give discounts. I also invest my btc with assumption i can get more money from investing my BTC

Because not many women want to take interest in something like digital currency, crypto world and such.
And also, men tend to know more about technology and things like this.
Usually women don't want to waste their time with something like this. They're either working their career or relaxing at home.
But still there's quite many women who knows bitcoin out there, it's just they don't reveal themselves because it's no use too anyway.

Not really. Except all those negative things, bitcoin also has many advantages that can help goverment.
And i think, it's still hard for bitcoin to replace bank because there are still many reasons, like not universal enough, hard to trace, and inconvinient unlike bank for the people who don't really understand technology.
Also, if many people invest in bitcoin and be rich, it can also reduce the poverty number in the country, and can effect positively to the goverment.

The luno survey results of 47.9% believe in bitcoin. 21.3% do not believe in bitcoin. 30.8% do not know the bitcoin. Many Indonesians invest more dibitcoin 96.5% than invest in precious metals 12.9% but why the government of Indonesia and other countries Not yet recognize or permit currency bitcoin

it would be, why?

First, You can send and receive Bitcoins anywhere in the world at any time. no day off, no bureaucracy, no limit. users are in full control of their money. Next, There is no charge to receive Bitcoins. Many wallets let you control how much it costs to pay for transaction costs when it is spent. And then, Bitcoin users are in full control of their transactions. traders can not force undesirable costs as can happen with other payment methods. No personal information related to Bitcoin transactions. It has a strong protection against identity theft. Bitcoin users can protect their money with backups and encryption. Last,Anyone can verify and use in real time all information about Bitcoin money supply because it is available on the block chain. No one can control or manipulate the Bitcoin protocol like that of secure cryptography. This allows the core of Bitcoin to be trusted to be completely neutral, transparent and secure.To sum up, bitcoin gives us more profit than cash. It is not possible that cash can be eliminated with bitcoin

On August 8, the Bitcoin network, a consortium of miners opted to receive an upgrade called "SegWit." SegWit (short for Segregated Witness) is software that will enhance the ability of Bitcoin (BTC) to perform more efficient transactions. There are pros and cons, those who oppose the solution support different methods to achieve the same goal, namely by increasing the block size.

i hope it can answer your question. thanks

The currency we use is made after the state provides gold guarantee to the bank. This is done so that the currency stabilizes its exchange rate.
The currency should be stable while BTC is unstable.
For example overnight BTC prices can up / down to 9 jt / more .. With the up and down period can last long.
If it fits nicely but if it fits down?
For example, early morning 1 BTC the price of Rp 36 million so X satoshi can be used to pay for meatballs at Rp 20 rb. Apesnya, afternoon-2 weeks later 1 BTC price down to 26 million. The seller of automatic meatballs the next day is overwhelmed because his satoshi can not be enough for sales the next day.
Therefore there are those who think BTC can not be a currency.

Bitcoin is a virtual currency developed in 2009 by someone under the pseudonym of Satoshi Nakamoto. This currency is like Rupiah or Dollar, but it is only available in the digital world. The concept may sound like eGold, although it is actually much different.

There's a reason it's called the honey badger of money. Bitcoin is here to stay, save for some hack in the crypto being revealed (which in truth would screw up global commerce anyways as from what I've read it's the backbone of internet security).

Yes, Bitcoin will be around for quite some time in my opinion. To see what risks Bitcoin has I would recommend by reading my answer here.

However, let’s reframe the question to “What if other governments setup their own fiat currency”?

This happens all the time of course. There are over 100 different fiat currencies on the face of the earth. However, very few countries ban other countries fiat currencies to prohibit competition.

I don’t see why this would be any different for cryptocurrencies