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Author Topic: Is the world really waiting for a global decentralized money?  (Read 1760 times)
BigBrother
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October 26, 2018, 09:14:19 PM
 #61

I believe that the world is not yet ready to use decentralized money. So far, they are of interest only to people who are associated with crypto. The rest do without them. It is necessary that some time has passed and perhaps in the future people will cant imagine their lives without cryptocurrency.

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October 27, 2018, 08:47:01 AM
 #62

maybe some people wait for that, but they are more concerned with profits than the status of a globalized currency, they don't care about it because it won't bring big changes, the most important thing is how they profit

From the investment standpoint, you are definitely right since profit gaining is much more important for investors than any thing else.
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October 27, 2018, 09:30:10 AM
 #63

Is the world really waiting for a global decentralized money?

nope. most people don't care about decentralized money because the systemic risks of counterparty risk in finance haven't affected them. if depositor bail-ins start becoming more commonplace, or if there is a serious economic collapse from fractional reserve and rehypothecation practices by banks, i would expect that to change.

people tend not to understand risks until it's too late and the damage is already done. Undecided

Maybe you are right about the existence of people who tend not to understand the risks. But I disagree if you say If many people don't care about decentralized currencies because I think everyone in the world looks forward to it and I think in the next few years, currencies around the world will be decentralized.

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October 27, 2018, 10:16:37 AM
 #64

Is the world really waiting for a global decentralized money?


no, of course not.
maybe for our community in the hope of bitcoin, even then if the value of bitcoin is very reliable in its level of stability.
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October 27, 2018, 12:56:10 PM
 #65

The majority of people are not aware of blockchain technology and decentralization of money. This is the generation of the internet which has brought the necessary disruption to democratize information and make it accessible to the common people. Nevertheless, The world's banks are still following the old archaic banking system and methodologies which makes transaction very expensive. I am sure that people will start adopting decentralized money over the old banking system and centralized transaction.
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October 27, 2018, 01:02:41 PM
 #66

Is the world really waiting for a global decentralized money?

No. They didnt expect bitcoin.
That is why they are making strategies into how to put it down.
If that succeeds then they could colonize the world of crypto with their own shitty coins.

It sounds so bad but it is the truth. Tether is already an example of it. Yet many people still supports it. There will be a moment that it will be taken down and it is not too far away.
To biitcoin they cannot do it for it lives from the belief of people
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October 27, 2018, 01:33:57 PM
 #67

Is the world really waiting for a global decentralized money?

I think the world isn't prepared for it though. There are still so many people that isn't aware of Blockchain and people tend to really on FIAT.
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October 27, 2018, 02:28:10 PM
 #68

Is the world really waiting for a global decentralized money?

Ofcourse i think, people nowadays is really tech-person.
They wants the future is like what they whats in the sci-fi movie.
With the decentralized payment system, this world will be look like so futuristic
ninabobo
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October 27, 2018, 02:50:34 PM
 #69

Is the world really waiting for a global decentralized money?


no, no one is waiting for that unless it happens en masse and just as it should.
there is no debate about this because every country has its own fiat currency, and bitcoin is easier to trade than spent

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October 27, 2018, 03:18:47 PM
 #70

No. We can keep talking about how much we're waiting for bitcoin and altcoins to become a global currency and decentralized money, but the truth is not even half of the world knows about cryptocurrency. Some doesn't even think about how beneficial decentralized money can be, so how can they wait and seek for it?
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October 27, 2018, 04:34:44 PM
 #71

The people who are into cryptocurrency has now gotten to know security, reliability and also safeness due to the decentralized nature of cryptocurrencies. Therefore the world seeing this would like into this decentralized nature and then tax-free economy or low tax systems.

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October 27, 2018, 04:37:52 PM
 #72

Probably not, the world is just waiting for good news like the rules about using cryptocurrency are clear so that everyone can use cryptocurrency safely and easily without fear.

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October 28, 2018, 12:15:03 AM
 #73

Is the world really waiting for a global decentralized money?
No one was expecting something like bitcoin to appear except those that had knowledge about cryptography, governments do not like it and it is not really difficult to know why, they were very happy with their monopoly they had and now they are discovering that for the first time in a very long time they are going to have to compete with a new currency that it is impossible for them to control.
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October 28, 2018, 12:21:33 AM
 #74

Is the world really waiting for a global decentralized money?
One large country whose territory deals with the whole planet and one decentralized currency system with a completely transparent scheme of movement - the classic blockchain or more progressive types. That's just who will regulate the course? This question does not require a response.

 
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aliceHortrex
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October 28, 2018, 12:28:31 AM
 #75

I don't think that the world is waiting for a decentralized currency, because many people are still accustomed into using hard cash for their daily needs. If they're able to transact without any issues, then they won't care much about decentralization. Central Banks have been performing as intended, securing people's money without any risks (since funds are insured by the government like the US FDIC). For people to care about a global decentralized money, something very badly needs to happen where governments take extreme measures to control one's transactions.

But, that's far from happening soon (if it ever does), as people rely more on Cash and Credit Cards (which are centralized) than decentralized solutions such as Bitcoin and Ethereum. These cryptocurrencies are already a global decentralized money accessible by anyone, but most people seem to ignore them due to their many risks such as volatility and hacks. Therefore, until decentralized cryptocurrencies become perfectioned, I don't see any reason why the world would wait for a global decentralized money, since centralized currencies are already performing as intended without issues. Smiley
There is a possibility of something average between the usual currency system of money movement and the decentralized bitcoin. It is necessary to consider options where these two huge waves will gather in one good project. It would be interesting to see some ico on this topic.

 
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October 28, 2018, 01:48:34 AM
 #76

Is the world really waiting for a global decentralized money?

No. I wouldn't say that we are ready, not yet. Decentralized coins is still in its infancy and governments around the world won't simply accept it because its beyond their control. We have seen countries now taking a hard line stance because they're afraid of the negative impact in can bring to them so it simply won't happened in the next 5 or even 10 years. There's almost who will go against it and fully support it so I guess we're just going to be fine.

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October 28, 2018, 06:13:39 AM
 #77

Is the world really waiting for a global decentralized money?

No. I wouldn't say that we are ready, not yet. Decentralized coins is still in its infancy and governments around the world won't simply accept it because its beyond their control. We have seen countries now taking a hard line stance because they're afraid of the negative impact in can bring to them so it simply won't happened in the next 5 or even 10 years. There's almost who will go against it and fully support it so I guess we're just going to be fine.

Yes, we're going to be fine  Smiley
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October 28, 2018, 06:30:25 AM
 #78

Umm possibly yes. Thing is Decentralized money's technology is a bit complicated or very very complicated to understand so it depends on the people if they really know about it then yes if no then no
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October 28, 2018, 06:36:34 AM
 #79

The world is filled with different types of people and not everybody is a fan of cryptocurrencies or technology. There are many who want a decentralized economy and a global currency but there others as well who want's to keep the things as it is now. So we can't really say that the world is ready for a global decentralized cryptocurrency until a majority of the total population of the world demands for such.
This will certainly take a good amount of time and hence the mass adoption of cryptocurrencies is still far from us.

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October 28, 2018, 06:41:52 AM
 #80

When the Internet is managed from a center, isn't a decentralized system installed on it? The world doesn't care unless we're physically central. The world needed a currency to make you feel it was not central. They've done it.
Smiley
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