If the society rejected to use crypto currencies?

[Leyss]

This thing came up to my mind suddenly. As I know a currency is a transaction medium that majority of the people agree to use to exchange their items with them. If it is the case, if majority refused to use crypto currencies, what will be the consequences may occur ? And how it will affect to the ICOs ? Any Ideas?

Cryptocurrency is not supported, as a general rule, by anything. It can exist only because there is a demand for it. If the demand drops significantly, or it does not exist at all, then the crtto currency will simply disappear. She will go where she came from - to the world of virtual reality.
However, this is unlikely to ever happen. People have already seen the advantages and convenience of cryptocurrency in use.

[Considered]

If the majority of the world refuse to use cryptos then they are just going to remain as they are now, with  the small amount of investors who use and make money from the coin an investment, if there is refusal to use the coins then the coins will not be used as widespread currencies but that does not mean that they die out, they just remain as they are now

[Tarion]

I do not think that it is possible. But lets imagine it is so. Nothing would change. People who love crypto will still use it and people who reject to use it will use centralised banks. The same situation as at the moment.

[hardinero007]

There are some people and institutions rejecting the use of cryptocurrencies.  They are fearing what it may cause as this is a new technology.  This is just temporary.  In due time, the blockchain technology will bring in many advantages that almost all people have to accept the use of crypto.

[Argoo]

This thing came up to my mind suddenly. As I know a currency is a transaction medium that majority of the people agree to use to exchange their items with them. If it is the case, if majority refused to use crypto currencies, what will be the consequences may occur ? And how it will affect to the ICOs ? Any Ideas?

If majority refuse to use cryptocurrency, then crypto prices will not rise much.  But this refusal will just defer the acceptance of crypto.  The day will come where all people will eventually use crypto whether they like it or not.

You can not get people to use cryptocurrency. Cryptocurrency will always be voluntary. In our world there will always be cash and non-cash forms of payment, a cryptocurrency can only be an addition to these currencies.

If people completely abandon the use of cryptocurrency, then it will simply cease to exist. It will not cost anything. The value of cryptocurrency arises only when it is in demand. However, the disappearance of cryptocurrency is unlikely.

[Komandor8957]

The reason for the rejection of cryptocurrency can be an extraordinary distrust of their unstable work and sudden changes in the market rate. In this case, the ICO will wait for the collapse, because not one investor is interested in a worthless, very risky industry.

[lihongjing]

The first refusal to use cryptocurrency will not affect the cryptocurrency. Bitcoin is usually a huge payment, which is not used by ordinary people. Secondly, the impact of ICO has nothing to do with the payment of cryptocurrency, and ICO will gradually disappear.

[Sevarchik]

If currenct society reject to use cryptos, there left cryptoenthusiast and continue developing, and when peoples see there opportunity to earn come new society.

[cliber]

I think your outlook is too worried. I am of the opinion that there will be no regrets that will occur if the majority refuse to use the crypto currency. So far I have seen almost the majority of people use crypto currencies. Even if this happens, the risk is ready to be accepted.

[DR_Vladislav]

This thing came up to my mind suddenly. As I know a currency is a transaction medium that majority of the people agree to use to exchange their items with them. If it is the case, if majority refused to use crypto currencies, what will be the consequences may occur ? And how it will affect to the ICOs ? Any Ideas?

You start with if and that if will not happen becouse cryoto has its people to use.
If majore stores addepted crypto as payment method. Then it is over crypto is reality.

[olsyd]

If it is the case, if majority refused to use crypto currencies, what will be the consequences may occur ?

A majority does not decide anything, money, power and influence decide. Did a majority decide to ban cryptocurrencies in China? No - the government. Or a majority makes an influence on the cryptocurrencies rates? No, individual traders with a large number of assets. Change your thinking

[darmin]

When a lot of denial going on then it will effect for crypto and make it more down. but this time it seems the majority of people are indeed there is indeed still refuses even the uninitiated will crypto, but it could grow. fundamental aspects such as refusal to crypto will indeed deliver bad impacts such as the fall at no small price.

[Dmitry_K]

I do not think that it is possible. But lets imagine it is so. Nothing would change. People who love crypto will still use it and people who reject to use it will use centralised banks. The same situation as at the moment.

I agree in your opinion. The market will remain as it is now if no steps are taken to regulate the crypto market and to accept the crypto currencies by the governments of different countries. Now, unfortunately, we are far from this.

[Dobby070]

This thing came up to my mind suddenly. As I know a currency is a transaction medium that majority of the people agree to use to exchange their items with them. If it is the case, if majority refused to use crypto currencies, what will be the consequences may occur ? And how it will affect to the ICOs ? Any Ideas?

It is simple as the technology not used is not gaining popularity and eventually ignored and stopped its development. Just like the cryptocurrency, it is all product of the great minds and also a technology. If we didn't support it, soon it will vanish.

[Russlenat]

If society rejected to used crypto i think it maybe die in instant because society play a big rule on every technology we have now, but I think it will not happen because we are now using technology in out daily life.

[wakeham8]

It would be awful for everybody in the crypto industry, but I think it is not going to happen, because such giants as IBM and SONY are already integrating a lot of innovations with help of the blockchain technology.

[martin1221]

This thing came up to my mind suddenly. As I know a currency is a transaction medium that majority of the people agree to use to exchange their items with them. If it is the case, if majority refused to use crypto currencies, what will be the consequences may occur ? And how it will affect to the ICOs ? Any Ideas?

Since bitcoin started it was not readily accepted by everyone. The same is happening right now. The acceptance of cryptocurrency is slow process but it is gaining some loyal following that I think would keep the technology going and would give it wider acceptance.

[Sab11]

Yeah if society will rejected to use crypto currencies for sure it will disappear because without community/society is the life of crypto without it bitcoin/crypto currencies is nothing, hope that will not happen in the future.

[hanomnom]

They are just afraid of things that they cannot understand. It happend every time when certain new technology become massively adopted, but it should be fine.

[judyrob]

of course, rejection would make crypto or ICO into fall. But if you look at the potential and functionality of crypto then the rejection may not be the case. Thus indeed many who do not know about crypto but look at developments that there will be many who support it being a thing that can change and financial transactions in the economy.