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Author Topic: What will happen to global economy when crypto becomes global currency?  (Read 1499 times)
CrazeCoinz
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September 29, 2018, 01:07:46 PM
 #61

If and when cryptocurrency finally becomes an official global currency, how do you think it will affect the global economy and the economy of each countries? Will it help improve the economy better than fiat or will it still need help from fiat?
I think this will not become a global currency as fiat will still use with many country that still out of reach in this technology. With the opposition of other country to accept or legalize crypto this will still a question for global currency acceptance.
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Angi
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September 29, 2018, 01:15:42 PM
 #62

For me It would have a little bit of trouble because cryptocurrency are not yet known by all people but wanted of some to use it globally so there is a chance that all countries it is not quite as sophisticated as the currency is different in each country so if we need to unite all its helpful that we use one currency only. it's just for my own understanding.
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September 29, 2018, 01:32:12 PM
 #63

The first decentralized currency in the world today is the form of payment accepted in many countries around the world. As more countries start adopting blockchain technology, Bitcoin becomes the new global currency.
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September 29, 2018, 01:57:06 PM
 #64

As of now that kind of scenario are not predicted because a lot of currency now are using for easy and fastest transaction that all people wanted and if this will be accepted in future as a main money that uses to all if will be more helpful to us to pay in easy way and not to wait a little longer to receive money from friends and relatives.
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September 29, 2018, 02:05:34 PM
 #65

It will start a new era when government  toxic control ends Grin
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September 29, 2018, 05:20:26 PM
 #66

The global economy will definitely have to change, because it is currently driven by debt. A lot of large infrastructure funding

are currently funded by "toilet paper" money that are printed from thin air. Wars are funded with the same mechanism, so I

figure that will also have to change. Bitcoin does not allow "printing money from thin air", because it is mined at a fixed rate

and a preconfigured supply. (This cannot be changed or manipulated without majority consensus and most people who can

make that decision would never be incentivised to allow that, because it decrease the value of their own coins)  Wink

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