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Author Topic: Cryptocurrency  (Read 2142 times)
leeheidrick
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September 02, 2018, 12:17:03 AM
 #421

How can it be?
Why would any country accept a totally global digital currency as legal tender in their country?
A currency with open source coding and not controlled by anyone,
A currency which can be forked by anyone at any time.
The answer my friend is no.
you are right, I also think like that cryptocurrency if want to be universal money someone must control and have to get approval from the state, and cryptocurrency prices not also fluctuate.
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September 02, 2018, 05:20:30 PM
 #422

probably it will become in the future. As we see, more and more governments are becoming crypto-friendly. And yes, I believe that will keep happening in the future.
Right cause many countries now are accepted bitcoin it become more successful in the future cause they trust and believe in bitcoin that's why many investors wants to join in bitcoin cause they know they have good future in bitcoin .

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Himanshu111
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September 02, 2018, 07:18:25 PM
 #423

How can it be?
Why would any country accept a totally global digital currency as legal tender in their country?
A currency with open source coding and not controlled by anyone,
A currency which can be forked by anyone at any time.
The answer my friend is no.
you are right, I also think like that cryptocurrency if want to be universal money someone must control and have to get approval from the state, and cryptocurrency prices not also fluctuate.
Cryptocurrencies are spreading like fire all over the world and it is trending a lot.Cryptocurrencies are an easy way to earn a lot of money and in a shorter time period.These are best for investment purposes as they give good amounts of profit returns.Cryptocurrencies just require an internet connection to get operated and are very easy to use.One can store any amounts of cryptocurrencies in their respective electronic wallets.Taxes are also not implied on these currencies.

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lamthanh3462342
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September 02, 2018, 08:22:28 PM
 #424

It will be a difficult issue for many countries. When many coins are not recognized by the government as legal, what you ask is impossible. Take Cryptoncurrency out to tender when many issues are not resolved. Cryptoncurrency is a trend in the future, but I think fiat is the best.
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September 06, 2018, 01:43:23 AM
 #425

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money

I don’t think that decentralized cryptocurrencies will replace government currency but they probably will eventually be used as an alternative form of payment to credit cards and PayPal.  I also think cryptocurrencies will have other functions like store of value or specific functions like internet of things or data storage or various other uses that these altcoins are being created for.
I also expecting cryptocurrencies as means of payment online but not as to replaced the existing local money since it would require a device and energy to operate unlike flat currencies that can be used directly.

Ilegendph
yeah right, i also think like that, because it can't possibly replace paper money because the picture of the banknote from each country is a hero of the country, so it's impossible for bitcoin to replace that, i just think bitcoin is used as an alternative just as you say aardvark15
Coongcoongler
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September 06, 2018, 02:02:10 AM
 #426

People are getting attracted towards it because of its uses and advantages.But because their is no way to control it ,so this can create a problem.But as far  we have seen the improvement in cryptocurrency, we can say that it has the potential to become a universal mean of exchange in future.
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September 06, 2018, 02:04:34 AM
 #427

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
I think Cryptoncurrency is a new trend of the world economy. This is an electronic currency that we can use for everything without cash that we can use to send receiving payment modes and all, all depends on the country and the businessmen who have used crypto currency as a transaction tool his.

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September 06, 2018, 02:14:03 AM
 #428

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
That is the story of the future but I appreciate that story. This is really a new industry and it is on the fast track. I believe in Blockchain technology, it will be a great technology and help a lot in the future, especially EOS.

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September 06, 2018, 03:45:34 AM
 #429

maybe, yes or no.  we'll never know what will be the future of crypto but based of BTC all, seems like a lot of us already put their money in.
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September 06, 2018, 04:36:09 AM
 #430

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
Economists say no, if we use bitcoin or cryptocurrency as payment for buyers and sellers will be difficult with the value in the currency due to volatility in cryptocurrency, but even though it is not official, many also use bitcoin as a means of payment for certain items as long as there is an agreement on the seller and buyer.

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September 06, 2018, 04:45:03 AM
 #431

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
why everyone hopes about the impossible, no, crypto is not suitable for global currencies or for daily payments.
let fiat money work, and I would agree that crypto is only a tool as an investment to create more fiat money.
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September 07, 2018, 01:57:30 AM
 #432

No doubt that it is difficult for them to replace fiat as fiat is being used by people since many years and it is difficult for cryptos to gain the amount of trust that fiat has but cryptos have their own features such as cheap and fast transactions within and outside the countries,profitable investments,security etc.So according to me crypto will be as popular as fiat in the future and will work hand in hand with fiat.
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September 08, 2018, 03:13:54 PM
 #433

The Cryptocurrency was built with cryptographic protocols that make transactions secure and difficult to fake and it can be wiped out due to computer crash and hacking they are useful and convenient, but i still chose the fiat for stability.
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September 08, 2018, 03:37:09 PM
 #434

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money

I believe that will happen, but to achieve it takes a long time. The main reason for crypto is difficult to become a payment instrument because it has not received legality from the government, and crypto holders themselves use crypto as an asset rather than being a medium of exchange.

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September 08, 2018, 03:42:33 PM
 #435

Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
I think that is possible in the future. It can interfere with the exchanges to make it more convenient and functional. If only we are going to keep on supporting and investing in crypto, we can help it become legal in the whole world and be declared as a currency for everyone. We should keep on helping it out if we really want to see better outcomes.

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September 08, 2018, 03:52:58 PM
 #436

Why not?
now many banks are starting to look and learn blockchain technology. and even some have started to apply it. and also we see now a lot of coins or platforms that work with banks.

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September 08, 2018, 03:58:36 PM
 #437

Why not?
now many banks are starting to look and learn blockchain technology. and even some have started to apply it. and also we see now a lot of coins or platforms that work with banks.
and even they provide trading desk facilities to their investors.if bank could applied it , maybe cryptocurrency would implemented or mass adopted faster than before.

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September 08, 2018, 04:00:35 PM
 #438

cryptocurrency in my opinion is a digital currency where we can use the currency to send and receive for payment. crypto is the future

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September 14, 2018, 08:48:03 PM
 #439

In a brief explanation, cryptocurrency is built as a systematic virtual digital currency which means that it could be only process thru the presence of a specific devices or machines. It wasn't be converted by physical or fiat money because it's not durable or untouchable. It may consider as a global tender when base on a virtual transaction, meaning  it's by a computer program
Yes I agree. It is a digital money that can make people rich by investing. I believe that crypto currency can  the ecomic rate high and lower the rate of unemployed. I know that this will last long in this modern world.

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September 14, 2018, 10:27:05 PM
 #440

nothing is impossible, the development of blockchain technology is increasing, the developers offer a variety of innovations, many crypto have glanced towards banking, one of them is XRP, and many banks are starting to see blockchain technology, we'll see.
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