Digital Currency Take Over

[Sadlife]

Well digital currency and crypto currency are two different things crypto currency comes with anonymity which is a secured connection without being track what that individual purchase because it's decentralized. Digital currency is centralized, a good example is paypal, paymaya you also purchase online products with this. In some way it is a digital currency and government's can monitor and tax you.

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[Onestepinhell]

As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...

Well, I think for a long time))) because many will not want to give up paper, because stealing paper is easier than pixels on the screen))).
Well, again, all the same, everyone will come to understand that the digital currency is the future, and you can already see it. In Japan, as far as I know, bitcoin can be paid. Now Russia is legalizing the crypto currency in its own country that will affect the mainstream masses. This will gradually lead to that the crypto currency will be everywhere))) _

[rickadone]

Digital cuurency is now success even though there has some countries that hasn't accepting this. Actually they are not doing wrong it is their decision and for sure there is an enough reason why they do it. They will realized it i guess when the time comes.

It is every country's decision to do whatever they seem please to do but that will obviously not change the progress that we are already having with digital currencies.

I expect that over time, most countries will introduce the idea of blockchain technology into the financial sector which would make us to have the present cryptocurrency going in par with the new centralized form of currencies but I believe it would be a co-existence in the long run with nothing changing much.

[hastang]

As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...

debit cards / credit cards / atm, can be considered as digital currency but using fiat as a medium for exchange.. this type of transaction are very rampant to any country of the world and their nothing to take over with that.. this is widely acceptable in any establishment, corporation, company and even goverment itself. NOW, if you are talking crypto currency with coin as his representation to take over the existing system of every country.. thats is imposible to happen right now. given the volatilty of the coin its risk is big.

[Blue Bell]

Every thing depends on the country regulations, until then no one can tell how much time. If any big country show the good results of economy after regulating cryptocurrency then within very short time it will get success.

It is like who will kick the ball first but even with that, the possibility of it taken over is not seen yet in my view and one reason is because of its decentralized nature. Many country won't want their identity to be eroded.

the clearest and most obvious is the time that will answer all this, will the digital currency take over the finances in the banking or, alternatively, the government and the bank take over and control the digital currency becomes centralized.

We all know time will answer everything but we still have to understand that no matter what even if digital currency is taking a hold of the day, banks will still be functioning and so as local currencies. Now, regulation is not necessarily going to mean cryptocurrencies will become centralized as long as the protocol is not changed. The only thing that is going to be affected would be activities revolving round cryptocurrency as people obviously won't be free to make those decisions they have been making in the past.

I do not know much about it. all this is just a prediction of predictions alone, no matter how crypto money will take over the banking world in my opinion. but, I begin to agree with you, if the crypto currency takes over, the local currency will always be there for use. however we will never forget tradition.

Well as you know it will be a great step to overtake fiat money as fiat money has been using since very old by people to replacing it would surely be very huge step so I think something huge take time to happen and waiting for it to be done is not a big deal at all, I really want to see bitcoin overtaking paper money because bitcoin is good for our economical condition to get better but paper money has no such chance to change it.

[pinoyden]

Well as you know it will be a great step to overtake fiat money as fiat money has been using since very old by people to replacing it would surely be very huge step so I think something huge take time to happen and waiting for it to be done is not a big deal at all, I really want to see bitcoin overtaking paper money because bitcoin is good for our economical condition to get better but paper money has no such chance to change it.

Do you think all the people can use bitcoin? What about the poorer ones that dont have an internet and a device that can run a bitcoin wallet or can browse the web.

 how can they be able to use bitcoin? I believe experts are also aware to these problem , that is why fiats are still existed even though we are now living on a more advance world with new technologies and ideas are now invented in order to make our lives more easier when compared to before.

All things have advantages and disadvantages, even cryptos are not exempted to this fact and i guess that is why all things are created equally and well balanced , so that one must not overtake or overcome the other.

[EdenHazard]

For the countries that have rejected the use of cryptocurrencies before it would be very difficult to regulate cryptocurrency back. Technological developments are already evenly distributed in every country, certainly in every country there will always be users of cryptocurrency. But the regulations of each country will always be a barrier for every user, their space will be limited by the government. As an alternative if indeed every society wants a payment system using cryptocurrency then the government will create its own cryptocurrency, so as they can manage the overall use of cryptocurrency in their country.

[BTCeminjas]

Well as you know it will be a great step to overtake fiat money as fiat money has been using since very old by people to replacing it would surely be very huge step so I think something huge take time to happen and waiting for it to be done is not a big deal at all, I really want to see bitcoin overtaking paper money because bitcoin is good for our economical condition to get better but paper money has no such chance to change it.

Do you think all the people can use bitcoin? What about the poorer ones that dont have an internet and a device that can run a bitcoin wallet or can browse the web.

 how can they be able to use bitcoin? I believe experts are also aware to these problem , that is why fiats are still existed even though we are now living on a more advance world with new technologies and ideas are now invented in order to make our lives more easier when compared to before.

All things have advantages and disadvantages, even cryptos are not exempted to this fact and i guess that is why all things are created equally and well balanced, so that one must not overtake or overcome the other.

Yeah, I guess that is the one reason until now bitcoin can't overtake fiat, a traditional currency will not replace or even overtake by digital currency. The advanced technology will continue be spreading as of now even poorer people will adapt on that near in the future as of now we can't conclude this thing won't gonna happens.

It's hard to predict but who knows it will happen in the future all people adopting digital currency but not eliminate paper money as a traditional currency.

[Rajamuda]

Of the many people/countries.. have their own background or thought in responding to anything related to digital currency/cryptocurrency, it causes not fully crypto be considered as something that can advance the country. Perhaps after more countries are reviewing all the technologies related to crypto and succeed to deepen on it.. it's likely the market will be more crowded and more people who moving in crypto including buying something and others activities. All back to the governments of each country to respond to crypto and the market is still strongly influenced by the presence of contradictions and acceptance (welcomed) over a long time forward.

[anntlevel]

Every thing depends on the country regulations, until then no one can tell how much time. If any big country show the good results of economy after regulating cryptocurrency then within very short time it will get success.

It is like who will kick the ball first but even with that, the possibility of it taken over is not seen yet in my view and one reason is because of its decentralized nature. Many country won't want their identity to be eroded.

the clearest and most obvious is the time that will answer all this, will the digital currency take over the finances in the banking or, alternatively, the government and the bank take over and control the digital currency becomes centralized.

We all know time will answer everything but we still have to understand that no matter what even if digital currency is taking a hold of the day, banks will still be functioning and so as local currencies. Now, regulation is not necessarily going to mean cryptocurrencies will become centralized as long as the protocol is not changed. The only thing that is going to be affected would be activities revolving round cryptocurrency as people obviously won't be free to make those decisions they have been making in the past.

I do not know much about it. all this is just a prediction of predictions alone, no matter how crypto money will take over the banking world in my opinion. but, I begin to agree with you, if the crypto currency takes over, the local currency will always be there for use. however we will never forget tradition.

It is just the matter of time which will prove the worth of crypto currencies as most of the crypto currencies have a strong hold in the crypto market and that there is no way that we can deny their wroth and importance. Once most of the people will get to know about the crypto currencies, this will automatically lift up the value of the crypto coins and that paper money will be left behind then.

[Reatim]

As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...

You can't really put a blame on countries totally rejecting digital currency. You can't say that they are wrong, they have their own reasons. Like thinking that it will have a negative impact on them.

However, for those who chooses to go on the other path, it's not going to be easy as well so I we can't really say for sure. Maybe 5-10 years from now? But I'm happy seeing nations started to embrace bitcoin and crypto. This is really a big steps towards digital currency and the adoption that we are all been waiting for.

[Silberman]

Well as you know it will be a great step to overtake fiat money as fiat money has been using since very old by people to replacing it would surely be very huge step so I think something huge take time to happen and waiting for it to be done is not a big deal at all, I really want to see bitcoin overtaking paper money because bitcoin is good for our economical condition to get better but paper money has no such chance to change it.

Do you think all the people can use bitcoin? What about the poorer ones that dont have an internet and a device that can run a bitcoin wallet or can browse the web.

 how can they be able to use bitcoin? I believe experts are also aware to these problem , that is why fiats are still existed even though we are now living on a more advance world with new technologies and ideas are now invented in order to make our lives more easier when compared to before.

All things have advantages and disadvantages, even cryptos are not exempted to this fact and i guess that is why all things are created equally and well balanced , so that one must not overtake or overcome the other.

Bitcoin is a great technology and it allows to us a great degree of freedom but at the same time we cannot deny that the technology has some limitations, we need at least two infrastructures to be in place, and those are the Internet and electricity network and poor people most of the time do not have access to neither and to make matters even more complicated you need access to a computer to use bitcoin at all.

[mersal]

Well as you know it will be a great step to overtake fiat money as fiat money has been using since very old by people to replacing it would surely be very huge step so I think something huge take time to happen and waiting for it to be done is not a big deal at all, I really want to see bitcoin overtaking paper money because bitcoin is good for our economical condition to get better but paper money has no such chance to change it.

Do you think all the people can use bitcoin? What about the poorer ones that dont have an internet and a device that can run a bitcoin wallet or can browse the web.

 how can they be able to use bitcoin? I believe experts are also aware to these problem , that is why fiats are still existed even though we are now living on a more advance world with new technologies and ideas are now invented in order to make our lives more easier when compared to before.

All things have advantages and disadvantages, even cryptos are not exempted to this fact and i guess that is why all things are created equally and well balanced , so that one must not overtake or overcome the other.

Bitcoin is a great technology and it allows to us a great degree of freedom but at the same time we cannot deny that the technology has some limitations, we need at least two infrastructures to be in place, and those are the Internet and electricity network and poor people most of the time do not have access to neither and to make matters even more complicated you need access to a computer to use bitcoin at all.

In bitcoin it will be based on the user and followers so it will be running in a good form , digital currency is not like bitcoin it has its own way so it will not destroyed by crypto currencies .

[Activitycoin]

As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...

You can't really put a blame on countries totally rejecting digital currency. You can't say that they are wrong, they have their own reasons. Like thinking that it will have a negative impact on them.

However, for those who chooses to go on the other path, it's not going to be easy as well so I we can't really say for sure. Maybe 5-10 years from now? But I'm happy seeing nations started to embrace bitcoin and crypto. This is really a big steps towards digital currency and the adoption that we are all been waiting for.

Everyone has their own way of thinking some will like it and some will not but later on I am sure they will be regret for not accepting bitcoin at right time, as much as I know bitcoin is now being so famous and no country is afraid for accepting it, digital currency is very important for the development of a country, those who are buying bitcoin at this position at growing price will be the future lucky millionaires, so my country is blessed with high acceptance of bitcoin and no one here is restricted by the government to use bitcoin, we are free to use it for shopping and to  buy things w need.

[Qartersa]

As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...

You can't really put a blame on countries totally rejecting digital currency. You can't say that they are wrong, they have their own reasons. Like thinking that it will have a negative impact on them.

However, for those who chooses to go on the other path, it's not going to be easy as well so I we can't really say for sure. Maybe 5-10 years from now? But I'm happy seeing nations started to embrace bitcoin and crypto. This is really a big steps towards digital currency and the adoption that we are all been waiting for.

Everyone has their own way of thinking some will like it and some will not but later on I am sure they will be regret for not accepting bitcoin at right time, as much as I know bitcoin is now being so famous and no country is afraid for accepting it, digital currency is very important for the development of a country, those who are buying bitcoin at this position at growing price will be the future lucky millionaires, so my country is blessed with high acceptance of bitcoin and no one here is restricted by the government to use bitcoin, we are free to use it for shopping and to  buy things w need.

Your country may have allowed and not restrict it, but that does not go for each and every country. There are even countries that ban bitcoins and there are some that greatly restricts it. The truth is, the governments are afraid of this digital currency revolution because of the fundamental feature of being decentralized. They cannot control cryptocurrencies which scares governments as they always makes some excuse that it will be used in crime and whatever illicit activity. But to be honest with them, 99.99% of the time fiat has been used in the past to conduct any form of illicit activity even through the existence of Bitcoins.

[goaldigger]

Tax is a part of everything involved in buying, selling and all transactions. It is an independent variable exist permanently on each country. If digital currency takes over and taxes are required then its just normal. I dont think taxes is the only reason why countries ban bitcoin and i guess cryptocurrency circulating from the world is near.

[btc_angela]

Tax is a part of everything involved in buying, selling and all transactions. It is an independent variable exist permanently on each country. If digital currency takes over and taxes are required then its just normal. I dont think taxes is the only reason why countries ban bitcoin and i guess cryptocurrency circulating from the world is near.

I guess taxes will be part of crypto currency as long as it is going to be regulated by the governments. I do hope though that the taxes is not so big. Everyone loves crypto because its decentralized and away from the prying eyes of the government. However as it grows bigger every year, they take notice and the only way to somewhat control it is to impose taxes that we hate. If its too steep then I'm sure that people will find ways to try and circumvent again which is not good.

[stepwilli]

Well as you know it will be a great step to overtake fiat money as fiat money has been using since very old by people to replacing it would surely be very huge step so I think something huge take time to happen and waiting for it to be done is not a big deal at all, I really want to see bitcoin overtaking paper money because bitcoin is good for our economical condition to get better but paper money has no such chance to change it.

Do you think all the people can use bitcoin? What about the poorer ones that dont have an internet and a device that can run a bitcoin wallet or can browse the web.

 how can they be able to use bitcoin? I believe experts are also aware to these problem , that is why fiats are still existed even though we are now living on a more advance world with new technologies and ideas are now invented in order to make our lives more easier when compared to before.

All things have advantages and disadvantages, even cryptos are not exempted to this fact and i guess that is why all things are created equally and well balanced, so that one must not overtake or overcome the other.

Yeah, I guess that is the one reason until now bitcoin can't overtake fiat, a traditional currency will not replace or even overtake by digital currency. The advanced technology will continue be spreading as of now even poorer people will adapt on that near in the future as of now we can't conclude this thing won't gonna happens.

It's hard to predict but who knows it will happen in the future all people adopting digital currency but not eliminate paper money as a traditional currency.

It is no doubt very much difficult for the crypto currencies to take lead over any of the regular currencies because of the reason that the awareness rate of the crypto currencies is not that much and above all, the regular currencies are having the support of the government which the crypto coins lack. Things can only be in favor of the crypto coins if we get to know that the government have declared them as legal currencies.

[Sadlife]

It will take a while for countries to truly embrace digital currency cause they see it as fraud, ponzi scheme and highly volatile which has been said by FUD media and news. That's why most countries fear it because the lack of knowledge. Yes, it is volatile but it's a scam. In my opinion it will take quite some time before countries fully adapt digital currencies especially third worlds.

[newcollegestar]

As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...

debit cards / credit cards / atm, can be considered as digital currency but using fiat as a medium for exchange.. this type of transaction are very rampant to any country of the world and their nothing to take over with that.. this is widely acceptable in any establishment, corporation, company and even goverment itself. NOW, if you are talking crypto currency with coin as his representation to take over the existing system of every country.. thats is imposible to happen right now. given the volatilty of the coin its risk is big.

I don’t really get what you mean by debit and credit cards can be considered as a cryptocurrency, dude do you even know what you’re talking about here? Like seriously, how can you be saying that the use of debit card and credit card should be considered as cryptocurrencies, tell me, is there anything that has to do with cryptocurrencies and debit /credit cards!?