Do you think cryptocurrencies have the potential to overtake regular currencies?

[uraharasan]

Would banks and governments actively work and implement countermeasures to undermine this process?

For now only American and Chinese governments are opposed to the crypto currency while on the other side Russia is very supportive of crypto currency, not all the counter government against crypto currency and yes, some of them there are worried about crypto currency will beat the fiat currency.

Are the underestimating the potential of cryptocurrencies by investing in some of them?

I dont understand your intentions, investing means it's support instead of weakening the crypto currency.

Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?

Yes, I think we will soon know which government will block the crypto currency, you know who.

[Bitcotalk]

Would banks and governments actively work and implement countermeasures to undermine this process? Are the underestimating the potential of cryptocurrencies by investing in some of them?
Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?

Cryptocurrency are decebtralised and have nothing to do with the government but the national currencies are centralised. They totally depend on the government of the individual country. If cryptocurrency try to overtake national currency in future then perhaps, cryptocurrency may be banned but it will hardly happen. Cryptocurrency and national currency has many differences. They can't interchange between themselves. They both will stay on there place without disturbing the future of cryptos.

[lvincent]

I don't think crypto can takeover regular currencies from around the world and even it can the government of each countries will not gonna let that happen. Crypto is too volatile unlike regular currencies that are stable that is one of the reason why it can't and crypto came from the blockchain which i think alot of people who don't even have knowledge about the technology will trust it. They will not gonna invest into something they did'nt know where it camefrom and another one is regular currency is controlled which means it is centralized unlike crypto which is decentralized that when there is a problem who's gonna fix it.

[Osarman]

Would banks and governments actively work and implement countermeasures to undermine this process? Are the underestimating the potential of cryptocurrencies by investing in some of them?
Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?

Government always wins. Cryptocurrencies will be either banned or will be fully controlled by the government, they will not let anything to spoil their full people control project.

If bitcoin becoming, the goverment will take control on it, of course tax will be collected. Therefore, bitcoin and local currencies may equal because of that tax and that could be a huge income by the government. But to overtakes from local currencies, yes in some aspects because they are totally different. Bitcoin is just in online transactions, not  like local currencies that can be used online and any regular transctions.

Yes even if the Btcs are not under the legal currency list of any country yet but all we know is that governmental systems could take the control in their hands at any time .we have a lot many examples of such events the recent of them being china banning the ICO at once but it was temporary of course. China has its own criteria for usage and ban of the virtual assets so as to secure their own national currency. All we can say is that due to the involvement of the law system, Btcs can never take over the physical currency that is supported by the government.

[Darklinkz]

I think some weak currencies will disappear like for example the vietnam money or maybe some rich country will make their own cryptocurrency and replace their national fiat.

[Pixyoxx]

When potential is talked about, yes cryptocurrency has a huge potential to take the position the regular currency holds and senf regular currency to the back seat. But this is just the potential aspect, but in practicality, for this to happen, allot of time, awareness, knowledge and education is required to be vested upon the masses. There is a very large number, or actually majority of people who do not know about crypto currency at all. Familiarising them with this will take allpt of time. Also winning governments trust is always there in the hurdles. May be someday in future cryptocurrencies might find its place on a higher level.

[Gladz29]

Indeed it got the potential.. crypto is fast, stable, secure and trusted as well

For now I think bitcoin its not yet overtake the currency. But we believe that bitcoin can level the value of money. Because some us can use it. If the government  let to use the bitcoin. Maybe the potential of cryptocurrencies can go higher.

[Saksham]

Would banks and governments actively work and implement countermeasures to undermine this process? Are the underestimating the potential of cryptocurrencies by investing in some of them?
Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?

Politics are made acording to the times we live in, and since we are in the era of speed, technology and resorses they will have no option but to accept cryptoicurrency as legal coin.

[DonQuijote]

People hates inflaction, cryptos are the perfect solution

[nesh1]

This could be an option for the future because we all know that we will kill the cash and everything would be online in the future so there is a big chance that we skip the cash and go to cryptocurrency.

[cookerross]

Well, my personal point of view on this is yes of course, there is no doubt about it. The key advantages of bitcoin is its really wide potential in competing and even taking over the capacities of fiat currency.

[Nasty23]

This could be an option for the future because we all know that we will kill the cash and everything would be online in the future so there is a big chance that we skip the cash and go to cryptocurrency.

Yes because of our adaptation in the technology there is a big possibility that the cryptocurrency in the future would become useful in different countries and many people are benefited for the profit that cryptocurrency can provide but there are policy that the government should be order before implementing this in order to protect the users.

[Aryanto28]

it is impossible. because the regular currency is the legal currency for use transactions while crypto not all countries can accept it anyway ordinary currency is easier to be used instantly by everyone in the market. while crypto not everyone can use it because of the limitations of technology and their knowledge about this crypto.

[19Nov16]

With the number of users increasing rapidly, then the biggest threat to the traditional financial system is cryptocurrency, I'm sure it will be difficult to stop cryptocurrency because everyone supports it.

[vasrasus]

With the number of users increasing rapidly, then the biggest threat to the traditional financial system is cryptocurrency, I'm sure it will be difficult to stop cryptocurrency because everyone supports it.

Many find crypto much efficient especially fir international transaction and in fast transaction other than with bank helps or regular fiats like in using in huge amount transactions ,btc or those crypto than uses specifically to ease transactions were indeed helpful.

[spyerf]

Indeed it got the potential.. crypto is fast, stable, secure and trusted as well

I think it's not that easy, crypto currency is a lot of users today, because it's so potential, and nobody deny it, in terms of overtaking its value and usage, it can happen. but each country has its own history, and that is the symbol of its currency. so in my opinion fiat currency will not disappear, unless every country allows and creates its own crypto currency.

[Master Third]

Would banks and governments actively work and implement countermeasures to undermine this process? Are the underestimating the potential of cryptocurrencies by investing in some of them?
Do you think there is a possibility of cryptocurrencies being banned in the future for the reason of being a threat to "normal" currencies?

I think banning the cryptocurrency is the only way of the banks and government to override it,
But if they think making a counterfeit cryptocurrency is not an effective one because all will not choose this one for a reason of taking taxes from people rather the first one which is free from the controller or government.

[Naficopa]

I don't think so, because why governments would agree to this. It's not in their interest so far. They control national currencies and aren't interested in replacing them with cryptocurrencies.

[BillCoin]

I think it will get banned because no government will want to get disturbed by external currency or third party currency. They will never want their traditional currency to be dissolved just because of bitcoin or other coins due to it's high rates. There is difference in them and bitcoin might get troubles, a lot of trouble when it will come as currency to trade in the real life. The first thing is, it's decentralised and price of which would be fluctuating as always. This will lead o chaos when we will buy or sell stuff for it, as the rates wouldn't be fixed we may need to pay more or less all the time.

That's also what I was thinking.

Bitcoin has no chance against the major currencies as governments will never let it happen.\

There is no way that the government will give up on the ability to be able to control the inflation, and to regulate it's currency.
The whole market goes up at the moment because regulators hasn't touched bitcoin yet, but once they will, it's going to be an huge mess for bitcoin and it's hard to know how low the total market cap could reach.

[haroldtee]

I don't think so, because why governments would agree to this. It's not in their interest so far. They control national currencies and aren't interested in replacing them with cryptocurrencies.

It is normal to see government trying hard to attack everything about cryptocurrencies, but you know why it is so hard, most governments have a democratic system and that is why it is so hard to ban bitcoin and the only thing they can ever do is to find ways to frustrate the usage of crypto like what IRS is doing presently in the states.

However, on a normal ground and with the great features that cryptocurrencies have over fiat, there is a huge possibility that fiat can be overtaken. Wait and see what happens when people start realizing the usefulness rather than just being an asset.