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

[maarx]

I am sure crypto currencies started ruling the currency market and this has caused the countries ban bitcoin in the respected counrtries. Crypto has bit shaken the gorvenments in recent days. Few countries announced that bitcoiin is illegal and many started adapting it knowing the benefits behind. Many have trusted in crypto and invested in it assuring a good trun over. 

[Harrow30]

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 the banks themselves will need to equip themselves with more information on Cryptocurrency and the blockchain itself if they will be countering Cryptocurrency itself. This means banks will adopt and adapt to blockchain first before wanting to use their findings against them. I will think that along the line, they will get bought over when convinced to make full use of the blockchain themselves.

[Apaxy]

they have ability to replace other investment ways but it’s hard to be used daily with 1 million transction every hour.
bank system is more acceptable more than cryptocurrencies.
people exchange them cryptocurrencies after earn from it.

even more of humanity is not ready for any experiment based on digital currencies. Just imagine how old people and children will use Bitcoin, in order to buy milk and bread. I honestly can not imagine this, because it requires certain knowledge and capabilities. But both of them have no children.

[girl.m]

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?

Nope not gonna happen even for centuries. This is called cryptocurrencies, it s.anpnymous hard to tracked maybe cant be. If it were to happen it would be absird and pure idiocy. All crypto's cant overtake any real/state currency but the price however it has the legality and full potential to be spend.

It cannot really happen as of today since not all countries accept bitcoin so there is no tendency yet that it gonna happen, not this time maybe if it will happen after more than 5 decades when many cryptocurrencies were finally adapt by countries.

it could be done as time goes by , the problem are how much time it will cost? a lot of time of course , just look at internet where 20 years ago it is something that most people confused about , we think will never have reach internet era.

and then we have recognized internet as a primary needs in the last 5 years. the potential are there but not for soon.

Goverments can restrict people

[sister1001]

The potential exists, but for the moment is just potential. I believe that current solutions have plenty of technical credibility and enough processing power, but they are not commercially viable as they are.

[Choy13]

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?

Im not sure governments are going to happily accept bitcoin as a replacement for their fiat currencies. You have to ask yourself: why? what do they win doing that?

Why would governments replace their currencies, which they control, for a currency that nobody controls? It makes no sense.

I see bitcoin as a neutral asset like gold primarily, secondarily as a currency, and it will depend on the people using it or not. The big mistake is considering bitcoin before digital gold, because that's where big blockers ruin everything.

It can replace the regular currency of the cryptocurrency because bitcoin is so convenient to use rather than the regular currency. We as a supporter of bitcoin we can push through the importance of bitcoin to use. I agree that bitcoin as neutral asset like gold is a primary and secondary currency that depend on the people using it or not. Just be slowly but surely in using bitcoin because other people like the government did not know properly the bitcoin.

[mx667]

I am sure crypto currencies started ruling the currency market and this has caused the countries ban bitcoin in the respected counrtries. Crypto has bit shaken the gorvenments in recent days. Few countries announced that bitcoiin is illegal and many started adapting it knowing the benefits behind. Many have trusted in crypto and invested in it assuring a good trun over. The potential exists, but for the moment is just potential. I believe that current solutions have plenty of technical credibility and enough processing power, but they are not commercially viable as they are.

First of all, suppose to know that regular currency and cryptocurrency are two things that are very unique and have their own utility. Why do people always compare and argue about cryptocurrency who will overthrow the regular currency? I just want to ask one thing only, this is an absolute question that can overcome all arguments and debate about all this. What is the fate of those living in the village and the traditional environment? Should not they use cash and ordinary currency? Even smartphones they do not have. Especially if told to use the technology and learn the cryptocurrency market? That would be too complicated and inconvenient for them.

[ethereumhunter]

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?

Im not sure governments are going to happily accept bitcoin as a replacement for their fiat currencies. You have to ask yourself: why? what do they win doing that?

Why would governments replace their currencies, which they control, for a currency that nobody controls? It makes no sense.

I see bitcoin as a neutral asset like gold primarily, secondarily as a currency, and it will depend on the people using it or not. The big mistake is considering bitcoin before digital gold, because that's where big blockers ruin everything.

It can replace the regular currency of the cryptocurrency because bitcoin is so convenient to use rather than the regular currency. We as a supporter of bitcoin we can push through the importance of bitcoin to use. I agree that bitcoin as neutral asset like gold is a primary and secondary currency that depend on the people using it or not. Just be slowly but surely in using bitcoin because other people like the government did not know properly the bitcoin.

maybe we could see bitcoin as a neutral asset like gold as gold is not used as a new currency too and I think bitcoin function until now is like gold. but crypto still has potential to overtake regular currencies only if the paper money is gone and the government decides to use digital currency as the new payment system and I am sure that if the government follow the technology, then they will use technology for their own benefit to create something that they could control.

[dreambigbtc]

I think so..since Fiats depreciate in value and cryptos appreciates day by day..
And more business are ready to accept crypto currency and more ppl tent to learn and hold crypto day by day..
With the increasing demand  and new projects by block chain
World will be more used to crypto currency worth the value appreciates..

[xuv500]

Governments is concerned about decentralization and banks is concerned about peer to peer, due to these concepts of crypto currency they are opposing it. Banks cannot directly ban and it is convincing the governments giving false information about crypto and trying to take a step to ban from government. If the government is really think of the welfare of people, then it should accept crypto currency.

[adiksau0414]

No, not at this time. Its very far from reality that this will might happen in the future. Maybe cryptocurrencies are so popular and some of them can be in paying in some goods and services but most of the people prefer fiat than e-currency. One factor to consider is thay not all the people in the world can gain acces in the net and nit familiar with this alts. But this possibility might happen but we need to wait it for very long time.

[Portia12]

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?

Im not sure governments are going to happily accept bitcoin as a replacement for their fiat currencies. You have to ask yourself: why? what do they win doing that?

i agree they will not use bitcoin to replace to their fiat currencies because all fiat will lose all their profit if it will happen.

I see bitcoin as a neutral asset like gold primarily, secondarily as a currency, and it will depend on the people using it or not. The big mistake is considering bitcoin before digital gold, because that's where big blockers ruin everything.

they only be digital assets not like fiat currencies has hard copy.

[Blue Bell]

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?

Im not sure governments are going to happily accept bitcoin as a replacement for their fiat currencies. You have to ask yourself: why? what do they win doing that?

i agree they will not use bitcoin to replace to their fiat currencies because all fiat will lose all their profit if it will happen.

I see bitcoin as a neutral asset like gold primarily, secondarily as a currency, and it will depend on the people using it or not. The big mistake is considering bitcoin before digital gold, because that's where big blockers ruin everything.

they only be digital assets not like fiat currencies has hard copy.

No one can ever have right to copy bitcoin because now almost all crypto currencies are at demand they have a lot of users and it is complete setup it is not only a simple currency but it is investment and asset at the same time. I am bitcoin users since one year but I have never seen any currency like bitcoin because it is the only one and will remain the only one forever, now bitcoin has replaced regular currency and in future I know bitcoin will be legal so everyone will say god bye to regular fiat currency.

[winterland]

I do not think that bitcoin can be considered a substitute for conventional currencies, since everyone uses it as an investment asset. I think the state equates him to such an asset as gold.   

Not yet, since bitcoin cannot be used to buy anything in my country but that is going to change as time passes, it will not be a complete substitute for most people but for people in the forum that have held bitcoin or a long time there is the possibility that bitcoin in the future will become the only currency they use and they will be able to avoid fiat in all its forms, that day is very far away but chances is that will become a reality in the next decades.

[wewe123]

I do not think that bitcoin can be considered a substitute for conventional currencies, since everyone uses it as an investment asset. I think the state equates him to such an asset as gold.   

Not yet, since bitcoin cannot be used to buy anything in my country but that is going to change as time passes, it will not be a complete substitute for most people but for people in the forum that have held bitcoin or a long time there is the possibility that bitcoin in the future will become the only currency they use and they will be able to avoid fiat in all its forms, that day is very far away but chances is that will become a reality in the next decades.

As of now it cannot be applied yet because the government don't recognize it yet, but as soon as the grown up technology be scatterd to every country that can be applied by bitcoin then there is possibility that cryptocurrency can potentialy takeover the current regular currency in the near future.

[anklas]

That could be possible to happen in the near future as days goes by we are entering the digital age that means even the regular currencies that we use will be digital as well. So time will come that crypto currencies will replace the regular currencies.

[dammang]

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 so,because as of these days more and more people has using bitcoin as thier transact money for thier business and more country now has accept bitcoin as one of thier currency.

[Shamburis]

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 really think and not thinking only but i really observe and found and that is what is happening now that most of cryptocurrencies now is highly overtaking our regular or normal currencies.

[bitkanu]

That could be possible to happen in the near future as days goes by we are entering the digital age that means even the regular currencies that we use will be digital as well. So time will come that crypto currencies will replace the regular currencies.

Digital currencies doesn't mean it will adopt the model or concept of crypto currencies, since the blockchain is designed to be decentralised, government will hardly regulating their own coin mainly due to the system they use, instead, they will make a new ones that suits their regulation pretty well. The age of fiat or traditional money is obviously will over, the digital currencies will replace it. But what the digital currencies might be, no one knows.
Just see the result when the time comes, though, cryptocurrencies still facing so many problem some of them are scalability and security (end-user).

[nightfury]

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?

Cryptocurrencies can be a threat to fiat currencies if and only if the drawback of not being able use cryptocurrencies during offline can be addressed. Because we know, no internet connection, no cryptos.