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Author Topic: Is the world ready for cryptocurrency?  (Read 1323 times)
Impulseboy
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August 06, 2018, 10:41:37 AM
 #1

Although there are a few countries who uses bitcoins and other cryptocurrencies now, I cannot help but wonder if the world is truly ready for this digital currency? It will certainly be hard to replace all currencies in the world but it could happen in a decade or so, perhaps even less? Still the question is, is the world ready? I think if this happens it might be one of the biggest changes that will happen worldwide.
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August 06, 2018, 10:59:20 AM
 #2

Many people use cryptocurrency and most of them are altcoins and tokens, I think so many people should know how to run it along But learn at the right time

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August 06, 2018, 11:18:53 AM
 #3

The most crucial question is whether cryptocurrency is ready to be an alternative to the current financial system?
I do not think the answer will be "yes," we have more than 1,000 coins, most of them worthless.
Bitcoin and stablecoins are the best examples of cryptos.

 - Bitcoin cannot be an alternative to the current system because of the problem of limited transactions.[1]
 - Stablecoins are good, but centralization means the current financial system.[2]

if the world is truly ready for this digital currency?
If we ignore the disadvantages of cryptos "scalability and price fluctuating have been solved," I think it will be an additional option for the current system and not a substitute.
If the current economy collapses into a "global financial crisis"[3], it will be a substitute.


[1] Bitcoin scalability problem
[2] Why “stablecoins” make no sense
[3] Financial_crisis_of_2007–2008

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August 06, 2018, 11:20:54 AM
 #4

In addition, that the world is not ready, the cryptocurrencies are not yet ready. The market is quite young yet. Much remains to be done. Running ETF, for example. Need to stabilize the course. Now the volatility is too big

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August 06, 2018, 11:21:53 AM
 #5

Although there are a few countries who uses bitcoins and other cryptocurrencies now, I cannot help but wonder if the world is truly ready for this digital currency? It will certainly be hard to replace all currencies in the world but it could happen in a decade or so, perhaps even less? Still the question is, is the world ready? I think if this happens it might be one of the biggest changes that will happen worldwide.

I think the world of crypto currencies is still at an early stage and people around the world only knows Bitcoin as there is and nothing more. We should try to make a noise for them to discover this.

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August 06, 2018, 11:24:41 AM
 #6

Although there are a few countries who uses bitcoins and other cryptocurrencies now, I cannot help but wonder if the world is truly ready for this digital currency? It will certainly be hard to replace all currencies in the world but it could happen in a decade or so, perhaps even less? Still the question is, is the world ready? I think if this happens it might be one of the biggest changes that will happen worldwide.

There would never be a time where all currencies would be changed to Bitcoin alone, all cryptocurrency currency requires is the endorsement it can always work with the current Fiat
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August 06, 2018, 11:28:05 AM
 #7

Yes I think the world is ready for cryptocurrency today lots of people have involvement in crypto this means that the demand of crypto is getting stronger every year especially last year that bitcoin rise and many people noticed this I hope crypto will accept in many countries soon.

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August 06, 2018, 11:28:49 AM
 #8

Although there are a few countries who uses bitcoins and other cryptocurrencies now, I cannot help but wonder if the world is truly ready for this digital currency? It will certainly be hard to replace all currencies in the world but it could happen in a decade or so, perhaps even less? Still the question is, is the world ready? I think if this happens it might be one of the biggest changes that will happen worldwide.

Rome wasn't built in a day...
No, the world may not be ready, but currently the foundations and getting laid.
The pillars will soon rise, but only when the world is ready to adopt crypto without hesistation.

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August 06, 2018, 11:29:03 AM
 #9

Many people use cryptocurrency and most of them are altcoins and tokens, I think so many people should know how to run it along But learn at the right time

The gradual use of the crypto coins and also the general adoption is what that we do the magic to the crypto world
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August 06, 2018, 11:31:07 AM
 #10

I think the world is ready. But the real question in my opinion should be if all the ppl are ready. I think not everyone is ready, but the world and where we stand as tech, is definitely ready. More ppl got to get in...

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August 06, 2018, 11:34:11 AM
 #11

Although there are a few countries who uses bitcoins and other cryptocurrencies now, I cannot help but wonder if the world is truly ready for this digital currency? It will certainly be hard to replace all currencies in the world but it could happen in a decade or so, perhaps even less? Still the question is, is the world ready? I think if this happens it might be one of the biggest changes that will happen worldwide.

JFYI there is more country that is now using crypto currencies. Not "few". Some countries are not yet fully adapting on how cryptocurrency works but people in these countries are certainly using crrpto for online payments.
Who said anything about current currencies being replaced by cryptocurrency/digital money? It can co-exist with fiat. That is how it will gradually evolve as the future money that everyone in the world will be using. It takes time and there is no need to rush everything. Internet was not created in a day and not everyone in the world had access on it and now look at it. It's everywhere. Soon will happen with crypto.

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August 06, 2018, 11:35:47 AM
 #12

Although there are a few countries who uses bitcoins and other cryptocurrencies now, I cannot help but wonder if the world is truly ready for this digital currency? It will certainly be hard to replace all currencies in the world but it could happen in a decade or so, perhaps even less? Still the question is, is the world ready? I think if this happens it might be one of the biggest changes that will happen worldwide.
I'd be lying if i said the world is ready for cryptocurrency, maybe technically they are. But, in fact there are some country that still can not accept bitcoin and banned bitcoin. I think the world will be ready at least 5 years from now.


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August 06, 2018, 11:39:56 AM
 #13

In some countries Bitcoin has really exploded, like the US. I know Bitcoin has not really been legal worldwide, it's pretty new compared to some countries and some young people. Only those who really want to know and invest in Bitcoin will research it. Efforts are still being made to make Bitcoin popular or replace current currency.
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August 06, 2018, 11:41:51 AM
 #14

I don't think Bitcoin is ready to be use globally. It still needs a lot of development and still needs to solve a lot of problem before it could be use without some major hassle like fees and transaction speed. It still need some time. Maybe in the near future, some developers would find a way.

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August 06, 2018, 11:45:34 AM
 #15

I really think that most of the world is not ready just yet with Cryptocurrency I really think there is a need for further knowledge about the technology or it needs to be teach in the school, Or if not a certain seminar would be needed to take up on people who would love to further know how Blockchain, Cryptocurrency, And Bitcoin really works, Because I really think that the number of people that are not aware with Cryptocurrency are so much, That is why there are so much people being scam and are using Cryptocurrency or bitcoin for their personal purposes.














 

 

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August 06, 2018, 11:47:35 AM
 #16

if for developed countries it is already quite popular and many have used bitcoin for their needs, but in countries that are still lacking facilities still do not understand what crypto is, and in some countries there are also restrictions on crypto ..

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August 06, 2018, 11:56:05 AM
 #17

I think the cryptocurrency market is at an early stage, the world will need more time to really accept the crypto. Bitcoin and many cryptocurrencies will gradually replace currency fiat but not now.

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August 06, 2018, 11:59:42 AM
 #18

i think the bitcoin and cryptocurrencies considered as assets not as a currencies but who knows they will be official currencies, every big change coming slowly not fastly

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August 06, 2018, 12:02:19 PM
 #19

Personally i think the world is more than ready just that some PEOPLE out there are trying to hinder ti usage. It just a matter of time.
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August 06, 2018, 12:19:27 PM
 #20

The question is a bit ambiguous and I don't think there is a clear answer. It's as if someone had wondered years ago if the world was ready for smartphones, electronic money, go shopping and pay with the mobile phone, etc. These tools simply appeared and people started using them. With cryptocurrencies something similar will happen, in fact, it could be said that this process has already begun although it's true that it's being slower than we would like.

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