What will happen if the all countries convert to cryptocurrency?

[marcbitcoins]

Now that more and more countries are starting to go cashless (http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?

Everyone should go and adapt the new technology in which there is no permanent in this world except change so either we like it or not we should embrace crypto if it will happen to supersede fiat. One advantage is the whole world is united to acknowledge Crypto in which we can use it anywhere but i see the disadvantage with the poor as most of them might be difficult to learn the new system of currency.

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[Noloveatthistime]

If in the current time, all countries are switching to Cryptocurrency, the world economy may have a problem affecting it. But sooner or later, the world will have to move to Cryptocurrency

[Dinomoves]

That’s what they call digital currency at work. Something we look forward to see in the future that all are into crypyocurrency. It will give many advantage in its use for everything. No hassle. The struggle probably will only be at tge start but will be well as time goes by.

[Grimjule]

The moment every country decides to convert to cryptocurrency, that is when the prices of all cryptos will just skyrocket. But I really don't know if this will happen in future.

maybe yes and maybe maybe not, I think there might be some countries not beautiful to cryptocurrency, for example in the country of Indonesia still prohibits bitcoin and crytocurrency as a substitute for money in Indonesia.

The whole world will use one digital currency and buying, selling would be easy. You will buy from your home and will pay your bills from your bedroom. These are the benefits of bitcoin and Altcoin. The world is gradually moves on towards digital things and cryptocurrency is one of them. You will not need to convert your money in the required one due to bitcoin.

[trickyriky]

If in the current time, all countries are switching to Cryptocurrency, the world economy may have a problem affecting it. But sooner or later, the world will have to move to Cryptocurrency

Many dozens of years must pass before all of the counties start to use the cryptos as their main currencies. Yes, the mankind has already made a great step into the cryptocurrency world but still, fiat plays the main role.

[Beegovere]

Maybe crypto currencies will revolutionize the world. And making its crypto currency recognized as a global currency in the future.

That would be a very big maybe. Cryptocurrency being recognized as a global currency with high level of adoption is totally different from it replacing fiat. As it is, what this topic is so much about is seeing a time coming where everyone will simply convert to cryptocurrency.

As cool as that sounds, it is unrealistic. Everyone can certainly not end up using cryptocurrency as that would first of all take a long time before we even get to hit some good level of mainstream adoption and the fact that it would be hard in terms of the technological aspect for certain people to have access to it.

[carlisle1]

Now that more and more countries are starting to go cashless (http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?

The advantage is everything will become accessible and accurate in regards to virtual payments since it was cashless,but the disadvantage is wht about in instances that internet is not available and we need to be electronic free transacting,better not to expect a cashless society because this will never happen for sure

[yurekaa]

maybe, there will be a global economic crisis. because the majority of people in the world do not understand and know how to use the crypto currency. so that they will experience difficulties in transacting and need a longer transition time to study the crypto currency. and the financial system of a country will experience an overall change.

[Cryptoville247]

We all are still patiently waiting for this to take off in every country. This is going to be very good for cryptocurrency. It means by then, we should be celebrating a lot of crypto millionaires.

[trako]

every country works to be strong. for example, to have a strong army. or to have a strong economy. the crypto makes the whole world equal in trade. so no government wants it. this situation can not be useful anyway. yet the infrastructure is not enough around the world. maybe 100 years later.

[cr7]

If in the current time, all countries are switching to Cryptocurrency, the world economy may have a problem affecting it. But sooner or later, the world will have to move to Cryptocurrency

Many dozens of years must pass before all of the counties start to use the cryptos as their main currencies. Yes, the mankind has already made a great step into the cryptocurrency world but still, fiat plays the main role.

Such companies as visa or master card did not need several decades to implement their technologies. Blockchain and cryptocurrency are improving much faster. So the cryptocurrency will not need a lot of time for its implementation around the world, it will happen very quickly!

[asilabumer]

maybe, there will be a global economic crisis. because the majority of people in the world do not understand and know how to use the crypto currency. so that they will experience difficulties in transacting and need a longer transition time to study the crypto currency. and the financial system of a country will experience an overall change.

Exactly, a chaos with global scale, people are constantly looking for methods to convert cash into cryptocurrency, the pressure for banks will be extremely huge, companies and businesses will be stagnant in paying their wages and paying costs. In short, hundreds or millions of problems will suddenly arise and there is no solution, and of course, because the government knows this, they will not allow cryptocurrency to destroy the stability of the economy and currency.

[stephanirain]

We all are still patiently waiting for this to take off in every country. This is going to be very good for cryptocurrency. It means by then, we should be celebrating a lot of crypto millionaires.

People who are using cryptocurrencies are all waiting to be used by everyone in the world because it will have a more better future if all the countries start to convert to cryptocurrency. Hoping that one day countries will start to accept cryptocurrency.

[boboto]

I think that everything will be taxed

[Larva14]

Now that more and more countries are starting to go cashless (http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?

It is good and transaction will be more convenient and fast, however many scammers and hackers will used it to exploit other accounts which can be resulted in hacking and stealing of money. It is need to have more better security for everyone. Also many things will be have taxed, which we don't experience right now. Maybe also the transaction will be taxed.

[SkvorNyc777]

I think that economical system will become more fair actually because crypto is devoted to bring fair ideas into todays economics.

[optap]

all will become legal and less valuable

[Oasisman]

Now that more and more countries are starting to go cashless (http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?

Cryptocurrency would not be the 1st nor to the 5th option if a nation decides to implement a cashless society. Volatility and decentralization is the main reasons. Cashless society means, creating digital wallets through mobile phones, or online accounts and wallets that could be accessed by several physical scanning. The government are more likely to allow this if they have the full control to everything, since the idea of cashless society allows our transactions being transparent, thus preventing fraud and illegal activities. But, there are always a drawbacks that can be developed on the latter part.

[winterland]

This is probably one of those questions that you can ask but that you're not going to get a meaningful answer because it's going to be impossible for all the countries around the world to convert to cryptocurrencies, I think that only a few countries will do that, and that will happen when people lose confidence in the currency printed by their governments and a possible case could be Venezuela.

[cryptoalfs76]

Now that more and more countries are starting to go cashless (http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?

Will,if we approximately happen if all country been convert  the monetary fund into cryptocurrency and become a cashless society i thinks its great advantage,to those all of us,because we create a worlds thats make all transaction become easier,and everythings would become possible in crypto world and everything would become convenient,otherwise this all only speculation,but why not if  this would happen,its a big positive impact to all of us,especially in the part of this community.