Bitcoin Forum
September 22, 2018, 06:10:10 PM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: How can this new global financial system work with 1600-30.000 currencies?  (Read 40 times)
KingScorpio
Sr. Member
****
Online Online

Activity: 518
Merit: 273



View Profile WWW
May 26, 2018, 12:58:44 AM
 #1

How can this new global financial system work with 1600 official and 30.000 more unofficial cryptocurrencies?

a regulatory movement, would automatically be bigotted, and promote some at the expense of others.

the ultimate issue is that money = power, and power is always like a pyramid.

i mean there will be so much chaos, abuse, inefficiency and confusion with this new cryptobased financial system it might get unpopular altogether, because the working population will lose the most from the explosion of currencies as they lose powerful reliable currencies that they can use to travel abroad etc.

regards

1537639810
Hero Member
*
Offline Offline

Posts: 1537639810

View Profile Personal Message (Offline)

Ignore
1537639810
Reply with quote  #2

1537639810
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537639810
Hero Member
*
Offline Offline

Posts: 1537639810

View Profile Personal Message (Offline)

Ignore
1537639810
Reply with quote  #2

1537639810
Report to moderator
Apriand
Legendary
*
Offline Offline

Activity: 1036
Merit: 1002


Mainstream For The Underground


View Profile
May 31, 2018, 04:35:40 PM
 #2

Why do you think that all these currencies will be applicable in the future? I am not sure, that people will need all of them. About 7-8 months ago, when ICOs just started to gain popularity, I hoped to see that tokens will be used like a company's "share". As better organization works, then the higher price we gonna to see.

MFTU   Mainstream For The Underground   Whitepaper
RADIO   ANN Thread   Twitter   Telegram
komrobert
Full Member
***
Offline Offline

Activity: 266
Merit: 100



View Profile
May 31, 2018, 04:41:04 PM
 #3

I am totally sure that in the near future most of altcoins will cost nothing, because they are really useless. Every day born so many altcoins I don't even know.

Macai
Full Member
***
Offline Offline

Activity: 424
Merit: 100


View Profile
June 28, 2018, 02:28:47 PM
 #4

I am totally sure that in the near future most of altcoins will cost nothing, because they are really useless. Every day born so many altcoins I don't even know.

I do believe that cryptocurrency is the future of the global currency. Eventually we are geared up to cashless society with the use of digital currencies. Other altcoins will indeed cost nothing in the future but at this point in time, they are instrument for the awareness of people to the cryptocurrency world.

Twitter | Facebook | Telegram | Whitepaper
▶▷> KryptoSEA <◁◀
>Your everyday crypto <
m_f_o_c
Newbie
*
Offline Offline

Activity: 103
Merit: 0


View Profile
July 06, 2018, 06:57:47 PM
 #5

I am sure that most crypto currency with useless technology for the world will cease to exist and only useful crypto currencies will remain, which will not be much. For now, invest only in reliable crypto currencies (BTC).
LeGaulois
Copper Member
Hero Member
*****
Offline Offline

Activity: 826
Merit: 852

Bitcoin Ninja Unregulated Banker Unbanking Folks


View Profile
July 06, 2018, 07:31:38 PM
 #6

How can this new global financial system work with 1600 official and 30.000 more unofficial cryptocurrencies?

a regulatory movement, would automatically be bigotted, and promote some at the expense of others.

the ultimate issue is that money = power, and power is always like a pyramid.

i mean there will be so much chaos, abuse, inefficiency and confusion with this new cryptobased financial system it might get unpopular altogether, because the working population will lose the most from the explosion of currencies as they lose powerful reliable currencies that they can use to travel abroad etc.

regards

It's like the Linux operating systems. Firstly we had Debian, then they forked it to make Ubuntu, then they forked it to make Lubuntu/Kubuntu and all Buntu series. Then they forked Kubuntu to make Bardlinux Some OS are a fork of a fork that has been forked from 3rd generation of a fork.

Today there are maybe over 200 operating system based on Linux. Cryptocurrencies are somewhat similar to Linux. As an open source project, everyone is able to clone it and add his twist, resulting in "everyone is creating his  crypto"
But at the end, most disappear for different reasons. It's like the Darwin theory. The same will apply to cryptocurrencies, only a few will still be used in 10-15 years. All the others will be forgotten

Aroma92
Member
**
Offline Offline

Activity: 252
Merit: 10


View Profile WWW
July 06, 2018, 07:43:22 PM
 #7

Now with the crypto-currencies, there is a mess. There are too many of them, no one controls them. This is bad in the long run. Since there are a lot of burglaries and frauds.

ORVIUM        Open and Transparent Science Powered By Blockchain        ORVIUM
█    Whitepaper        Telegram        Twitter        Facebook        Reddit        Blog    █
▇▆▅▃▃▃▃▃▃   Token Generation Event: Coming Soon   ▃▃▃▃▃▃▅▆▇
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!