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

[ausbit]

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.

We are entering into the digital world but that doesn’t mean bitcoins will be changing the whole world’s currency type. Bitcoins are amazingly growing but still it takes a long and long time to spread all over the world. It will be a time when every person on this planet have bitcoins with them as they have physical currency now. So we have to wait for that time, only then it could be possible.

[millionaireshs]

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?

In terms of security issue traditional currency will be ahead from cryptocurrencies. It was so cliché that Bitcoin is not regulated by the government, for these reason they have no responsibility about returning the possible losses of your money in the web.
While when we talk about transaction issues, virtual currency will beat traditional money for it can process a lot of transactions in every single second for it runs through the internet. The downside part in Cryptos is that we have no papers, especially in investing that serves as the proof to regain possible losses unlike in banks.
In conclusion, cryptocurrency and traditional money have a close match in different aspects.

[Edrian]

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?

Yes, it is possible to replace cash with cryptocurrency, but it will take a long period of time to happen. If all of the countries around the world follow other first countries who ban bitcoin then it is also possible to freeze cryptocurrencies. Right now some countries regulate bitcoin because lots of people investing on it and not at the banks, if people forget banks then it affects the economy of the country that's why some countries are intimidated by cryptocurrencies.

[TiffanyLien23]

Well i don't think so that cryptocurrencies can replace regular currencies because crypto don't work offline. It only works when there are internet connection or in online but regular currency works even offline. Aside of that crypto are decentralized and the government would not allow the decentralized system to take over their centralized system, the one government can control and also the central bank of each country will not allow this to happen because they have a big contribution through paying tax, unlike the cryto they dont have any taxes and they even dont know to whom they will collect the tax of it.

[kingcrypto-the2nd]

yes cryptocurrencies have the capacity and the potentials to replace regular currencies ,but it all boils down to the ability of crypto stake holders to lobby the financial world ,getting backing from goldman sach and having a foot print in wall street.making pack with major world governments and few emerging economies.everything is possible ,it has to be about negotiations ,dialogues and some compromise from crpto stake holders for the big picture to stand.

[shinchan123]

All types of government are established for one common reason; which is to control its people to put things in order. Decentralized cryptocurrency to replace fiat basically defeats the said purpose. I think they'll do everything in their power to have control over it, the least, regulating it perhaps or worse, completely banning it, just like in some countries.

[removebeforeflight]

As of now Bitcoin and all the cryptocurrencies is considered as a commodity like gold, this would soon be accepted as a legal tender in future. Just for your information that Dubai have given licence to one of the worlds famous trading shops for bitcoin exchange. This is one of the positive note for all crypto fans and in future each and every country would adapt crypto step by step for sure.

[stellgod]

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.

Bitcoin is grabbing fame at a faster rate than it used to in the past and that day is not far away when the whole world will get aware of this amazing digital coin. It does not take much time to hear any sort of news when you are living in a global village where technology is advancing every moment. Actually it has become the hot topic of present and will remain so for coming few years. The digital market has just begun to grow. Bitcoin is the future of money and one day the world will be living in a cashless society.

[Copulative]

I don't figure cryptographic forms of money can supplant standard monetary forms basically on the grounds that crypto don't work disconnected while customary cash does. Besides, crypto are decentralized and the legislature would not enable the decentralized framework to assume control over their incorporated framework, the one government can control.

[queenhallmark]

I don't figure cryptographic forms of money can supplant standard monetary forms basically on the grounds that crypto don't work disconnected while customary cash does. Besides, crypto are decentralized and the legislature would not enable the decentralized framework to assume control over their incorporated framework, the one government can control.

[ghost424]

Cryptocurrency will not overtake and change the regular currency that we use. Regular currency is what we use in our daily lives that is fiat money and fiat money is hard to exchange into something else because you need to know whether it will be profitable in the transaction you will do.

[nemesis_]

I don't think so. Cryptocurrencies may already prove us how great its potential but I don't think that it is enough to surpassed any other regular currencies. There will always be something that cryptocurrency will never overtake to these regular currencies. Also, even how great it is, people will tend to choose what are they familiar to. Furthermore, the government will strive to control cryptocurrency if it is already overtaking the regular currencies. That will be difficult and might cause a lot of change.

[robotrobert]

Cryptocurrency will not overtake and change the regular currency that we use. Regular currency is what we use in our daily lives that is fiat money and fiat money is hard to exchange into something else because you need to know whether it will be profitable in the transaction you will do.

Uuhm… I don’t think that cryptocurrencies has the potential to overtake regular currencies, cause they lack the qualities of a true good currency. And I don’t even think that cryptocurrencies should be compared to conventional currencies, cause they are not the same. Cryptocurrencies are just assets, and we shouldn’t be comparing assets to real currencies.  Maybe we should just be comparing them to other assets and stocks like gold, silver and the rest of them in the market. Regular currencies like dollar should be compared with fellow currencies.

[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.

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.

The will of the government is not everything and it is not absolute, if the people in the country want to use bitcoin as a currency they will do so, the government can only try to regulate it after that fact, that is the way everything works, governments do not develop anything they are always behind the curve when it comes to legislation, right now not many laws are being created about this because people are not using bitcoin  like that, that is why most of the regulation has to do with exchanges and trading.

[Saveplus]

As a realtalk cryptocurrency would never replace fiat currency as long as government regulating it they would never implement decentralized transaction in their law.Government are wise thinker of recognizing digital currency they want to have an authority on it but its hard for them to regulate it because it was decentralized.

[burdagol12345]

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?

Theres a big possibility that this all new cryptocurriencies  going inside in the market change  will surpass or overtake those major cryptocurriencies in terms of value and popularazation,but all of this is depend on the developer of  the new altcoins on how there platform project is would become demand coins of all bitcoiner  in the world of  cryptocurrency bussiness.

[Andrej Peiboski]

It's very unlikely, at least in the short period.
Firstly, there is no general acceptance: there is a lot of talking about cryptocurrencies, but they are still used by a limited number of pieoneers.
Second, when banks and governments will realize that there is the risk to lose their power, they will start a real war against crypto.
We'll see.

[Cryptosaphire18]

It's very unlikely, at least in the short period.
Firstly, there is no general acceptance: there is a lot of talking about cryptocurrencies, but they are still used by a limited number of pieoneers.
Second, when banks and governments will realize that there is the risk to lose their power, they will start a real war against crypto.
We'll see.

Normally when you use local currency in your country, you have only one. So the same thing will happen with other cryptocurrencies such as Bitcoin.There are a LOT of cryptocurrencies out there. Some are traded and used as currencies, but none have the potential to overtake regular currencies even though Bitcoin is now mostly like the standard cryptocurrency.Regular currencies has its own protocols that give rise to a different monetary policy which appoint a bunch of clever people and tell them to stabilize inflation using interest rates and bond-buying. Considering a money supply rule that does not respond to shifts in money demand generates large fluctuations in prices. And since society tends not to tolerate outright declines in wages, these fluctuations often carry over into unemployment.

[aimey]

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?

Issues with regards on the world's financial stability is always under the shadow of doubt. Yet crypto currencies has enormous possibility to thrive in the international financial affairs if the super power countries which holds the control and have power to dictate the flow of the vast financial system will allow this kind of effective monetary system then it will be so.

I think most of the giant and localized financial institutions such as international banks, central banks and other financial conglomerates are working together and do essential measures to foster stability and not to hurt but to enjoy the benefit of being strong mutually with its counterparts one of which is the crypto currency.  

[Count Basie]

I think the cryptocurrencies have excellent chances to become real money in about 15 years from now