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Manoj Sharma is quite a friend of mine and he does have credibility on his field. Perhaps they are accepting bitcoin donations because for one, it's the most famous cryptocurrency and perhaps, they know it better than the rest but I don't think it necessarily means that it's going to become the universal currency of the world. There are so much more qualifications needed for a currency to pass as universal pretty much how the USD has acquired that position over the years.
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True democracy specific to the financial system but not as a whole obviously bitcoin is not regulated by any banks nor governments hence giving you that so called democracy on your transactions and investments with Bitcoins.
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Well, there is this new cryptocurrency called Virie which has just been launched recently as a part of the project called "Virternity". Contrary to DEX, They have DEN (Distributed Exchange Network) which apparently will enable direct purchase and sale of the Virie coins without a need for any brokerage hence removing the cost. Users will be no longer forced to send money to an exchange and wait. It has the potential to be the easiest to use cryptocurrency so it's probably worth giving it a try.
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It's relatively new hence we really can't tell yet if indeed it will be the easiest to use cryptocurrency. I had a peak on its website and so far, it appears to be the most convenient to use graphic interface albeit, for the rest of its features, I am yet to experience but it does look promising. We'll see later.
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I heard about a cryptocurrency that is relatively new which is called "Virie" which says that it's not a cryptocurrency on its own. It’s a system where cryptocurrency (as a common means) is used to create a maintain the environment for the real thing: the Virie Market (and then – Escrow system). It’s a free trade infrastructure aiming to create space for e-commerce free of usual obstacles and yet guaranteeing sureties to keep contracting parties protected of possible frauds albeit it's too early to tell if it's going to be that "perfect" one you are looking for but is there really such a thing as "perfect"?v
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From what I understand, it's a relatively new cryptocurrency exclusive for a project called Virternity and like what you said, it sure looks promising. It does not seem to have a potential of being used or abused by any avaricious company nor organizations because it's not centralized but ain't all cryptos are? Although some of the more famous ones like bitcoin have already some involvements from the governments and other organizations and I think that is the edge of being a new one like this Virie.
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Well I guess everyone wants to have their own identity in the financial system in the form of their own cryptocurrency and of course, each one promises to be be better than the other so it's just really up to us to identify which ones is worth getting into and which ones are not. Let's allow them to develop whatever currency they want because in the first place, we don't have the right nor the means to stop them, do we?
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Yes I've read about it and it's pretty promising but since I'm a newbie too, I would probably wait just a little while until it's completely launched meaning, some other people have already invested in it although I would also not wait for too long or I might get left behind when it turns out to be a pretty good investment just like what happened to me with bitcoin. I've missed the best investment days for it. Although from my understanding, Virie is not a cryptocurrency on its own. It’s a free trade infrastructure aiming to create space for e-commerce free of usual obstacles and yet guaranteeing sureties to keep contracting parties protected of possible frauds. Sounds promising.
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Yes, I've read about it from this website : https://virternity.com/virternityHere's an excerpt from their roadmap https://api.virternity.com/uploads/Virternity%20Roadmap.pdf"Those who choose to support the project financially (contributors) will immediately receive a small piece of the future in the form of virtual currency. This currency will have real, inherent value (ie, easily exchanged for goods and services). More importantly, it will enable the seamless unification of the material and virtual worlds."
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I don't think you should be worried at all. The whole world is turning digital that the world itself may just become a digital world someday and if that happens, obviously, all currencies that will exist will be digital currencies only. There will not be a need for physical money as there will be one massive blockchain with enough power supply and energy that can accommodate every single transaction. Just wait and see.
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That's quite a tough question actually but I don't think banks will collapse even if in the future, all currencies become digital. We have to remember that the banks functions does not limit to savings only. They also have mortgages and they also process corporate actions such as mergers and take overs or bankruptcy among others. What may happen is that banks will just have to accept cryptocurrencies for all their transactions.
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Yes it is yet it maintains its freedom. It is not that widespread yet but no one stops anyone from joining any ICO or use it for payments or transactions. in fact, there are already investors who had made it their business to incorporate bitcoin in enterprises and other businesses.
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I'd say well done to Google for that one. They have been through a lot of controversies this year on data leaks issues, it's just about time they compensate for that but, can we really trust them again especially when it comes to protection and security? Just a random thought I have here.
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To my understanding, it is not dependency but rather just a reference so that the value of bitcoin can be measured. USD is the universal currency of the world. Is it not all other currencies use as reference of their own value? It does not mean that they are dependent to USD, does it?
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Bitcoin was designed to be decentralized avoiding control from any entities. Bitcoin has been accepted regardless of it being unregulated hence there is not a need to regulate it as we will then lose the democracy and freedom to control our own coins.
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That's quite unlikely to happen but if in case it does, then we're doomed. If cryptocurrencies fall under the power of avaricious entities, there will be chaos but then again, since bitcoin and cryptocurrencies are unregulated, that is quite unlikely to happen.
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Immersive technologies like Virtual Reality can surely help increase the popularity not only of bitcoin but of all other digital currencies for that matter but it certainly is not the only driving force. It's the people's receptiveness to all of these technologies. As it is, immersive technologies are not that widely accepted yet it isn't even in the mainstream yet just as much as it is to cryptocurrencies. There's just too much negativity in this planet.
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