Digital Currency Take Over

[ghost14k]

Digital currency is becoming quite popular and have made a name for itself. Unlike those days when it was not known. Almost every media now carries stories on cryptocurrencis and it is still spreading like wildfire. Blockchain development companies are coming out with full force even with all the FUD going on with it. SO the question is if it is fake and scam why are companies deeply involved in it. I believe is just a matter a time and these things will become the rel thing  and it is spreading fast.

[South Park]

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...

It is not clear what you mean by digital currency, if you just mean fiat in digital form then most of the money of the world is already in that form, most fiat is just numbers in a database and nothing more, but if you mean cryptocurrencies then it is going to take a lot of time for that to happen and in my opinion we will need a little bit of good luck for that to happen.

[Johnyz]

Digital currencies are a serious threat to old banking.This is the reason we see lots of fud in digital currencies market.It is not easy to replace the existing system but surely ,sooner or later ,digital currencies will take over overall economy.

There is a big potential for cryptocurrency to take ove and replace fiat money but more time for this. A lot of big people are feeling the pressure now with cryptos and they know if they don’t make a move their business will die. FUD news are also comes from those big companies they feel the threat now. No one can stop cryptos from soaring higher, in time this market will boom again.

[coinfinger]

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...

Cryptocurrency, especially Bitcoin has accomplished a lot.I can remember that there wasn’t much people here in the forum before ,and most of these new exchanges weren’t out as of then, price was even low cause there was not much demand for it. But now look at how far the price has reached. Many would have thought using their. Bitcoin to buy pizza back then, but now you can use it to buy a car.

[Topcarey]

Digital currency will not take over but it will be added in the circulation like fiat as a mode of payment. Many countries now embraced the blockchain technology because of its advantage to the economy especially on financial aspect.

I agree regarding not taking over of the digital currency but would become one of the payment option because more merchants would accept cryptocurrency and more people would adopt it. It may happen suddenly but slowly, we can see that more people are getting aware of the existence of it.

The advent of digital currency is really making a buzz in the internet and into people's lives. Following satoshi's goal of making bitcoin as the medium of payment alternative to paper money, it is facing a barrier which i think is really hard for bitcoin to fulfill its goal. You know, bitcoin and crypto can't be use offline so i think that's the biggest barrier that might spoil its goal.

There would be a solution to this like how SMS is use. People would be able to use cryptocurrency without the need to use the internet but through SMS. I saw an ICO that has this goal of making it possible for people to use it without the need of accessing the internet.

Everything would takes time which cryptocurrency would be gradually adopted on our daily living just like on using up local fiat but it would really just stay on that area and i cant really see the possibility that it would go above local fiats because no government will really let this thing to happen.Crypto will be just good as an another option or alternative but wont really come to a point where it would take over.
This would still lead up into severe debates and argumentation's if someone tried to push it up.

Yeah it is right the world is turning towards digital currency and the future is that of digital currency. All other currencies will disappear from the market and only digital currency will take place. Bitcoin is the leading currency in the market therefore I can say that people will use bitcoin as their regular currency in the markets. But it will take long time.

[Marlo0619]

I think in the future. When the time comes that bitcoin is accepted in all countries and when it is legalize in every country and when banks accepts the bitcoin as deposit and withdraw and when we can buy anything with bitcoin. That is the greatest thing that will happen in cryptocurrency history. Especially in bitcoin history. Cryptocurrencies can take all over the world easily if they are legit or true that people can make money out of it.

[wastetimer1]

Digital currencies are getting in demand and people have started suing it.

[diger]

Here you can argue and argue.I think it will be at least 20-30 years until we all move to the digital currency.Can you imagine now that would be your mother or grandmother went to the market and paid all the crypt? I think they can do it, but it's a lot more convenient with Fiat money.And in order for crypto to take root , it takes a lot of time, not to mention that now it is dangerous to store crypto!We all know how many hackers steal every year, not counting the fact that in life now on people who are associated with crypto immediately in danger, I have a friend robbed on 30 BTC, well survived!

[Rainbow009]

Digital currency has some unique features, including the blockchain technology. It also has its down sides; it is an unregulated sphere, total anonymity of the traders.
I think it would be a while before digital currency takes over.

[volleyballslenderF]

It will soon take over as the world is now getting into the Digital world.

[1978lover]

It is an ambiguous situation and one cannot really say whether it will take over or not.

[matutana10]

There are many countries that are converting into the Digital world and the digital currencies.

[Ridwan Fauzi]

Digital currency will not take over but it will be added in the circulation like fiat as a mode of payment. Many countries now embraced the blockchain technology because of its advantage to the economy especially on financial aspect.

I agree regarding not taking over of the digital currency but would become one of the payment option because more merchants would accept cryptocurrency and more people would adopt it. It may happen suddenly but slowly, we can see that more people are getting aware of the existence of it.

Sooner or later this will happen, yep, now everyone is still comfortable using real currency for the payment system. Perhaps the future will be many people who use digital currency as an alternative payment system, although this has happened at the moment now in countries that receive bitcoin or countries that resist and neutral to bitcoin.

The advent of digital currency is really making a buzz in the internet and into people's lives. Following satoshi's goal of making bitcoin as the medium of payment alternative to paper money, it is facing a barrier which i think is really hard for bitcoin to fulfill its goal. You know, bitcoin and crypto can't be use offline so i think that's the biggest barrier that might spoil its goal.

There would be a solution to this like how SMS is use. People would be able to use cryptocurrency without the need to use the internet but through SMS. I saw an ICO that has this goal of making it possible for people to use it without the need of accessing the internet.

If Bitcoin and cryptocurrency have been received thoroughly by different countries, I am sure the problem will be easy to overcome. This is a great opportunity for cryptocurrency developers to refine a system so as not to be viewed badly by various communities. Because for now they are still 50:50 to do so considering cryptocurrency has not been well received by some countries.

[Rezel111]

probably will not take over because some countries still ban digital currencies, but the development of digital currencies so far is very good and already known almost all over the world and many countries now use blockchain technology,I think the development of technology is difficult to be dammed so there is a chance take over but it won't be fully.

[Ayston]

The majority still shows that fiat or the paper money still dominate the digital and the physical market because there are billion of people there that doesn't know yet the thing called "Bitcoin"

[NeeNts]

the digital currency has been recognized by most countries because it is a modern technological advance, but its function is still not approved by some countries as a means of legitimate payment transactions for fear that citizens prefer digital currency as payment transactions than the existing currency. as long as legalization can not be given by most countries then digital currency will not take over the official currency position in each country.

Yeah it is a fact the future is that of cryptocurrency and in the future it will take over the market. All other currencies will disappear from the market and only bitcoin will prevail in the whole world. The world is turning towards digital currency and bitcoin is the leading digital currency in the list. No doubt it will take long time but finally it will cover the market.

Cryptocurrency is digital currency and when people and especially governments know about blockchain technology they will accept crypto and will allow their people to trade and deal in cryptocurrency. The time has started and many countries have already accepted bitcoin as their legal currency and the rests are following them. Soon they will accept bitcoin.

[Efiraboy]

Many countries are open on using digital currency as a mode of payment within their government but with some restrictions, and most of its use is only limited and does not apply to all. Like here in philippines, there are people engage in btc, and most of them are students and young adults. However, its not recognized by business owners because they are not aware of it or maybe because they are afraid to try due to the bad news that they saw or heard from the television. Additionally, there are few countries who banned crypto exchanges within their government. Common reason is that they wanted to avoid illegal transactions or to protect the public on the risk that can be brought by other cryptos. There are few cryptos that are not legit or scam, just like the news that i saw on tv last january or feb (dont know the exact month). But on the news it says that most filipinos invested on that crypto then they found out that it was just a scam.
So on my opinion, i think digital currencies will not take over the economy. Besides, the government will not allow it to happen because it will make a lot of changes in our economic system. Digital currency is different from fiat. Digital currency will only be another form of currency (electronically) which is an alternative to fiat.

The future is that of cryptocurrency and the whole world will use only digital currency even in their local markets and as we know bitcoin is the leading crypto in the world and is acceptable to everyone, therefore people will use only bitcoin. The fiat and paper currencies will become idol and nobody will use it. Bitcoin will replace all these currencies.

[sleekie]

Digital currency hasn't yet taken over because a lot of countries don't even recognize it yet but going forward, with the rate of technological advancement, digital currency can takeover the fiat currency in say a decade time

[South Park]

Digital currencies are a serious threat to old banking.This is the reason we see lots of fud in digital currencies market.It is not easy to replace the existing system but surely ,sooner or later ,digital currencies will take over overall economy.

There is a big potential for cryptocurrency to take ove and replace fiat money but more time for this. A lot of big people are feeling the pressure now with cryptos and they know if they don’t make a move their business will die. FUD news are also comes from those big companies they feel the threat now. No one can stop cryptos from soaring higher, in time this market will boom again.

The potential is there but that does not mean that it is going to happen, there are too many created interests that are invested in the idea of fiat money and they are not going to let this system die that easily and even if in the future it happened they will find another way to deceive people and make them accept a system that benefits the bankers and not the people. 

[poptok1]

The potential is there but that does not mean that it is going to happen, there are too many created interests that are invested in the idea of fiat money and they are not going to let this system die that easily and even if in the future it happened they will find another way to deceive people and make them accept a system that benefits the bankers and not the people. 

This is the exact reason why bitcoin will never be mainstream. It will always be a form of mutiny. It not necessarily a bad or a good thing, that of course depends on the users themself. We can already see how blockchain is being recognised by various governments, how they plan and introduce currency's of their own, centralized and under administration control. Decade from now, state issued crypto will be a quite regular thing. Early adopters and enthusiasts of today should bear in mind what and who was the first on the stage, because next generation will not care.