What will happen if the all countries convert to cryptocurrency?

[Pab]

All countries of the world.Do you know what are you talking about
It may happen if govs will develop his own cryptocurrencies.
If that will ever happen than money will be fully controlled by govs
There is only one kind of money what are really people money
that money is cash in pocket

[malicoin]

well there is no need for such a thing that we still now are paying everything virtually and are not bringing cash so what would be the point of this.

[Caelanpelley]

If all countries switch to electronic money, money transactions between countries will become faster. Only a computer with a network connection or a smartphone can exchange easily from one country to another. We will have a common currency.

[EllieBasti05]

If all countries convert to crypto currency they should develop their own currency like fiat money. Digital currency same with bitcoin that can be use all over the world with the price of cresendo and descresendo and be centralize by the government.

They should finance their own blockchain and name the currency like where it came from (ex. US Bitcoin, JAP Bitcoin)  It's very convenient for all countries, but it can be very dangerous for greedy elites for controlling and hoarding/keeping the currency.

[Barbarian]

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?

No state can fully switch to using cryptocurrency only. If this happens, especially in many states, chaos will simply begin and the economies of the states will collapse. Therefore, no state will ever fully switch to the use of cryptocurrency. Cryptocurrency can go in the state only in parallel with the national money of this state.

It seems to me that some people have very unrealistic views about what cryptocurrencies can achieve, it is true that the invention of satoshi was incredible but like anything it has limitations and one of the most important is that it's going to be impossible for everyone to use cryptocurrencies because you need to have access to a computer.

[k1ng0fBTC]

All countries converting to cryptcurrency means a good news to the entire crypto market. The market will see full green for a long period because there will be an increase demand as users trade with the various coins on the market.

When countries accept cryptocurrency people will put their money in it without any fear. Converting of governments means converting the whole nation into cryptocurrency. The use of crypto will increase by this way and people get more chances to enhance life standards of their families. People will be happy while using cryptocurrency instead of paper or fiat currencies.

[edisystem]

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?

Depends, if people start accepting cryptocurrency as a payment and the government on all countries accept cryptocurrency or even make their own cryptocurrency, then it could be happen. It's possible though, all countries accept cryptocurrency but I think it will takes years to happen.

[jikurpa]

Unfortunately, this development is still very far away. As long as there is a poverty line and developing countries, the widespread implementation of crypto currency will not happen. Bitcoin will remain the lot of units-enlightened.

to do that really requires a long time and process, of course, as an example in my country, the government in my country still prohibits directly conducting cryptocurrency transactions directly, or in other words, the government has not fully inaugurated the use of cryptocurrency as the prevailing currency

[rickyNmorty]

The moment all the countries convert to crytocurrency would be the beginning of many amazing things to happen to the world and the financial sector, the process sending and receiving funds worldwide would become very fast and easy, it would lead to growth of businesses and make life easier for citizens of the world.

I also believe with this. The economy will rise. There will be no poor anymore, the poor will be looks like rich people of today. Everyone have work and there will be no child in the sidewalk starving. Bitcoin will bring us a better life if everyone accepted it. Therefore lets hope for it to happen.

[arnaudel98]

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 main disadvantage of crypto is that it's still highly volatile meaning that its value with respect to goods and services bought is unstable. I know I'm saying unpopular thing but there should be some kind of regulation to make crypto more stable if we want it to be used a a currency in the direct meaning of this word.

If all countries accept the bitcoin and replace the fiat i think the economy will be destroy. Ever know why government are against bitcoin and want to ban it ?. If all country convert to cryptocurrency everything will be destroy.

[MRY]

in my opinion, if all countries convert to the crypto currency it will be beneficial to us because we can easily use the crypto currency and the government will support the crypto currency but the government will also make rules that will benefit the country and that could be detrimental to us

[Faeton]

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?

Instead of several bills in your pocket, you’ll carry a laptop or a mobile phone with you, if stealing several bills can really be called petty theft, then theft of a mobile phone in this case will not seem petty theft. First, a lot will be tied to the phone number and even its recovery will present certain problems. Secondly,
 In order to make transactions from a mobile phone, people will keep various access codes, secret keys and other confidential information in it. Their loss and possession of it by the attacker can cause very big problems. Even if such information is protected with a password, it will be simple for usability and therefore easily cracked. In general, what is simpler here, you need to look here.

[hisuka]

in my opinion, if all countries convert to the crypto currency it will be beneficial to us because we can easily use the crypto currency and the government will support the crypto currency but the government will also make rules that will benefit the country and that could be detrimental to us

Their is an easy transactions for every users who really converted to use cryptocurrency. So if all countries convert to crypto their is always disadvantages to be face by many users. Advantage and disadvantages can occur in crypto but I think it takes time to happen.

[Rejevunator]

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 main disadvantage of crypto is that it's still highly volatile meaning that its value with respect to goods and services bought is unstable. I know I'm saying unpopular thing but there should be some kind of regulation to make crypto more stable if we want it to be used a a currency in the direct meaning of this word.

Let me clear for you when you send money via banks you pay tax which help for the benefit for your country where bitcoin is tax free you won't pay tax which mean government gain nothing with your transaction.

[hicies]

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?

No state can fully switch to using cryptocurrency only. If this happens, especially in many states, chaos will simply begin and the economies of the states will collapse. Therefore, no state will ever fully switch to the use of cryptocurrency. Cryptocurrency can go in the state only in parallel with the national money of this state.

It seems to me that some people have very unrealistic views about what cryptocurrencies can achieve, it is true that the invention of satoshi was incredible but like anything it has limitations and one of the most important is that it's going to be impossible for everyone to use cryptocurrencies because you need to have access to a computer.

Nothing will happen, everything will be normal and people will feel ease while using their cryptos in the global market. I am waiting for that time because I want to use my coins in the world without taking my local money in my pockets. It will be a different experience. Governments impose taxes on crypto transactions and I think that the economy will be better than today.

[Osarman]

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?

Depends, if people start accepting cryptocurrency as a payment and the government on all countries accept cryptocurrency or even make their own cryptocurrency, then it could be happen. It's possible though, all countries accept cryptocurrency but I think it will takes years to happen.

It will not happen because fiat currencies are very necessary in every aspect of life but if you look at the crypto coins they have also spread all over the world but not fully.

Governments have interest in fiat currency and they will never let it switch to crypto currency as they are benefiting their economies and almost depending upon fiat currency. However, crypto coins are also contributing but everything here has its own needs and requirements.

[Evetemot]

All countries converting to cryptcurrency means a good news to the entire crypto market. The market will see full green for a long period because there will be an increase demand as users trade with the various coins on the market.

When countries accept cryptocurrency people will put their money in it without any fear. Converting of governments means converting the whole nation into cryptocurrency. The use of crypto will increase by this way and people get more chances to enhance life standards of their families. People will be happy while using cryptocurrency instead of paper or fiat currencies.

Why not, every country can switch to cryptocurrency fully because if we can travel from barter system to digital cards, we can also go one step ahead towards digital currency. It will take time but in this time we cannot imagine the atmosphere in the future. There are many things in the world which were impossible 100 years ago but now we are using them.

[Dontme]

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 advantages are that we gonna enjoy the life since the price of what we holding has 99% assurance that the price will go up like x10 and above. The disadvantage is that we will surely their will be many hacks.

[Barbarian]

All countries converting to cryptcurrency means a good news to the entire crypto market. The market will see full green for a long period because there will be an increase demand as users trade with the various coins on the market.

When countries accept cryptocurrency people will put their money in it without any fear. Converting of governments means converting the whole nation into cryptocurrency. The use of crypto will increase by this way and people get more chances to enhance life standards of their families. People will be happy while using cryptocurrency instead of paper or fiat currencies.

Why not, every country can switch to cryptocurrency fully because if we can travel from barter system to digital cards, we can also go one step ahead towards digital currency. It will take time but in this time we cannot imagine the atmosphere in the future. There are many things in the world which were impossible 100 years ago but now we are using them.

The fact that something was impossible long time ago does not mean that is easy to achieve now, water is something that we all need and more than half of the human population do not have direct access to water so I find it unlikely bitcoin is going to be within the reach of everyone.

[Faeton]

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?

If all states switch to the use of cryptocurrencies, which can never happen in reality, then very interesting events will really begin. The economies of countries will unbalance quickly, and complete economic chaos will begin. I think that such an experiment will end quickly and everything will again fall into place with a return to their national money.