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Of course fiat currencies will still be used in such a place, because in reality not all places have infrastructure and facilities that support online transactions. Fiat will still be there, but what is needed now is trust and recognition of cryptocurrencies that can be used as legal payment instruments such as fiat currencies. This is what we stand for
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I agree more that it is bad news, digital money transactions should not limit the amount but must be questioned first where the money was obtained from and what the money will be used for, as a form of protection against illegal actions. If it is clean, then the transaction can be done, but if it is suspicious, the government has the right to block it. What must be restricted is the disbursement of large amounts of cash. Because cash is difficult to track, so it is prone to be used for illegal actions in contrast to digital money whose transaction data is recorded and stored so that it is easy to track. Freedom to transact is needed, but not to interfere or harm others.
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The more new cryptocurrencies, the more competition in the market will ultimately require that every new cryptocurrencies be able to provide quality or advantages over others. For investors themselves and business people in this field, will provide many choices for those who ultimately demand them to be more selective in investing in cryptocurrencies.
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It is precisely technology that should reduce our workload. But with the advent of technology, it will be able to reduce the number of workers. Yanga eventually resulted in increased unemployment. and this will be a problem.
One side, technological sophistication helps workload. On the other hand, many jobs require only a few workers because they are covered by technology, so many people are looking for work. There are advantages for the company because they only use a few workers to be more effective and efficient. As with the availability of many workers, but there is no employment (the company uses this), the existing workers must be able to work better to maintain their jobs. For workers who have special expertise, I believe that the company will be retained and even get a higher fee for its expertise.
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we work because we want to get money. for most people, money is a motivation. Only a few people do not make money as their motivation, but satisfaction with something like a hobby and creativity will be their motivation. but in the end, a hobby or creativity that is able to produce beautiful and interesting works will also be rewarded by money or appreciation. according to my own thoughts, money is still the motivation of most people in living their lives.
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Bitcoin mining can only be done through computers with high graphics cards, bitcoin mining on smartphones is not possible. Some time ago, I have read that there are smartphones that have the potential to produce crypto currencies and that too, I think it will take a long time. Some apps that offer bitcoin mining on cellphones must use the cryptonote algorithm, one of the cryptocurrencies (not bitcoin), which is then converted into bitcoin.
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there are several reasons why other cryptocurrency prohibits, especially by the government: 1) the absence of regulators and lack of legal certainty, so that no institution can ensure its security; 2) The fluctuating exchange rate so that it is vulnerable to causing an economic bubble; 3) User identity that can be disguised, making it vulnerable to use in illegal activities; and if there is no regulator, the government cannot control because it does not have control as they do with the central bank of the country. other than that they cannot collect taxes from cryptocurrencies transactions because the transactions are carried out person to person without an official intermediary institution.
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If we understand the workings and technologies that underlie digital currencies, and we believe that cryptocurrencies will revolutionize the banking system, change the way humans transact, and can be accepted by everyone including the government. So I prefer to invest or transact on cryptocurrencies.
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the reason for making new cryptocurrencies is to develop business in this field. this is interesting, because cryptocurrencies are increasingly interested in considering that the price of cryptocurrencies is very volatile and has the potential to become an investment commodity. in addition, to give investors choices in investing the capital they have in cryptocurrencies after spaces are monopolized and manipulated by the central bank, people prefer to make their own version of the currency.
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one of them, for some investors is considered important. the important thing is do not panic and rush to make decisions, and the proof the market can still survive.
for those who panic about it, maybe they sell it. but some are taking advantage of this situation to make a profit. for those with large capital, every decision they make to buy and sell will affect the ups and downs of the market.
I do not think so. in my own country the benefits and impacts are still being assessed. we are here because we believe in crypto's future.
for some countries this is a problem, and for others it is a new breakthrough that needs to be developed.
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