Would it be realistic for the world to run on cryptocurrencies?

[julius caesar]

Education is really the key for them to be able to accept what is the benefits of making cryptocurrency run world wide. Some of the government has a bad views on the crypto because they are lack of knowledge of what it can do and how can it change the economy of the world. In this generation, we really need to adopt on whats on trend like crypto.

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[Ayiranorea]

Education is really the key for them to be able to accept what is the benefits of making cryptocurrency run world wide. Some of the government has a bad views on the crypto because they are lack of knowledge of what it can do and how can it change the economy of the world. In this generation, we really need to adopt on whats on trend like crypto.

As said educating each and every people in the world is must to make the entire world to run on cryptocurrencies. Another important thing is the development, even now there are places around the world where there is no proper internet connectivity. So, a step taken today could make everything functional on cryptocurrencies at least after 25 years.

[btccashacc]

Adpotion. We need more people to use crypto. Any government or such power can not stop the use if one is knowledgeable properly. We need more awareness about the benefits of crypto especially bitcoin. Like:
Decentralisation,
Limited supply,
Can not create from out of thin air etc.

The more crypto educated people we will have the better the space will become.

Education is more important here, once people realize the benefit of the crypto they start to adopt it. I believe the government knows that, but the nature of decentralization makes it likely impossible to be adopted. It has to be controlled, the option might be creating their official centralized cryptocurrency backed by gold or something precious. Another reason it's too volatile, imagine if one country adopts it and the price is dropping dramatically the country will definitely go collapse.

[cotton ball]

Education is really the key for them to be able to accept what is the benefits of making cryptocurrency run world wide. Some of the government has a bad views on the crypto because they are lack of knowledge of what it can do and how can it change the economy of the world. In this generation, we really need to adopt on whats on trend like crypto.

To be able accepted bitcoin as legal currency payment maybe have giving educational about how to use bitcoin and what the feature of bitcoin become legal currency payment than using fiat currency, many people still not understand and government always allowed with new digital currency payment if look benefit than using Fiat currency like USD right now.

[aioc]

We are doing great even if we are a small community of Cryptocurrency users and we are doing greater now that we are a growing community, I don't see any issue if the world will turn Cryptocurrency, it could be a government-run Cryptocurrency, but we still need one country who could test how this could be implemented effectively.

[Latviand]

Education is really the key for them to be able to accept what is the benefits of making cryptocurrency run world wide. Some of the government has a bad views on the crypto because they are lack of knowledge of what it can do and how can it change the economy of the world. In this generation, we really need to adopt on whats on trend like crypto.

To be able accepted bitcoin as legal currency payment maybe have giving educational about how to use bitcoin and what the feature of bitcoin become legal currency payment than using fiat currency, many people still not understand and government always allowed with new digital currency payment if look benefit than using Fiat currency like USD right now.

Cryptocurrency or the world of crypto is a difficult thing not all can fully understand it in a short period, in short, it requires to learn it as it is, so that's right for the people to fully understand crypto world they need to fully understand it, in fact, I've read an article which a university offers a courses to the student about the crypto currency they will teach about what is crypto and how to earn to it. So maybe if a country's government takes a one step forward to this regards, then maybe they can be able to accept and adopt the usage if cryptocurrency; they will see how beneficial and useful using crypto to the lives of people. It will be a long journey for us to reach this world that run by cryptocurrency, but maybe there is a possibility that one day it will cam true, and that will be good for those who are already using crypto.

[nydiacaskey01]

I remember way back when I am in college, we don't use fiat when we buy items in canteen like food or office supplies in the bookstore. We are asked to buy what we call chit using fiat, then that chit will be used around the campus. There are times when the lines are long, those who have chit on hand will sell it to those who are in need of it like those who wants to ride the school bus and they sell it with profits. I am not going to be surprised if one day they will discontinue using chit and just use online currency of their own. If this is possible in a University, this can be used in a Locality like a State or a City or a Village.

[BlackFor3st]

I am just wondering would it be possible in the future for the world to run solely on cryptocurrency? Considering that right now there are many people from different walks of life who are using cryptocurrencies in their day to day life. I think right now one of the main limiting factors for world-wide cryptocurrency usage is the world’s governments who make restrictions on cryptocurrency usage. Moreover, I also think another factor in limiting cryptocurrency usage is a lot of people’s lack of understanding of cryptocurrencies as it is a rather new technology to most people.

I think that we can solve most of these problems by educating people about cryptocurrencies and debunking what the mainstream media have done to slander cryptocurrencies.
I honestly think that if these issues a solved then we will probably have more people to use cryptocurrencies worldwide.

What would do you guys think, I’m just speaking (posting) my thoughts over here. Feel free to correct me if I am wrong. I’ just rather optimistic about the future of cryptocurrency usage in the future.

Aside from educating those people who don't have a proper knowledge of crypto currencies there is still other issues that are need to be fix. Like the full use of crypto currencies even if we have no electricity or internet connections because not all the time we have this resources.

If we can fully solve all the hurdles then we are ready for the digital payment system and we can abandoned the fiat system anytime. But all will always depend to the government we are in as not all the countries have the same thinking so we can expect that there are others who are willing to accept the changes and there are others who are not.

[Ailmand]

Maybe not totally in crypto, it is possible that it can be an alternative such as plastic money. A lot of changes should occur for it to happen. Adaptation, regulation, and volatility makes crypto difficult to be used as an alternative today.

[Lottoshi]

It’s the same as saying can the world be run without governments, considering printing money is one of the governments’ biggest revenue source and economic policy tools, or is it?

On the other hand, there are a handful of economies running on US dollars including places like Zimbabwe, although it is possible for a country to adopt foreign currencies, the government simply doesn’t have a way to stimulate economy.

If the government still has a way to collect taxes effectively, I think it is possible, it’s just government’s role in society would be quite different than it is now, it’ll have much less control, and less likely to defend financial crisis.

[peter0425]

no its not because Fiat will never gone,it will be here forever though the possibilities that bitcoin will take over the market and may be used as the main currency and altcoins and fiat will back up this currency.

Maybe not totally in crypto, it is possible that it can be an alternative such as plastic money. A lot of changes should occur for it to happen. Adaptation, regulation, and volatility makes crypto difficult to be used as an alternative today.

what do you mean by plastic money?maybe it is paper money right?though we have same stand on this matter.

[thesmallgod]

I do not think that is possible. If the whole world could not use the same currency for transaction, then why will that happen with crypto. Take for example, in West Africa, there has been motion that the countries that make up the region to introduce a single currency that can be spent across the region, but for a long time now, they have not been able to realize this due to individual country monetary policy. Here we are talking about crypto that some countries like China have even banned.

[GideonGono]

There's a huge possibility on the crypto spread in every person when everyone must agreed to used cryptocurrency as they currency.

For now, it was difficult to happen because there are some country do ban crypto by using on it so soon if maybe all of the country uses crypto they also encourage to unbanned the crypto.

[HarmonyA]

I am just wondering would it be possible in the future for the world to run solely on cryptocurrency? Considering that right now there are many people from different walks of life who are using cryptocurrencies in their day to day life. I think right now one of the main limiting factors for world-wide cryptocurrency usage is the world’s governments who make restrictions on cryptocurrency usage. Moreover, I also think another factor in limiting cryptocurrency usage is a lot of people’s lack of understanding of cryptocurrencies as it is a rather new technology to most people.

I think that we can solve most of these problems by educating people about cryptocurrencies and debunking what the mainstream media have done to slander cryptocurrencies.
I honestly think that if these issues a solved then we will probably have more people to use cryptocurrencies worldwide.

What would do you guys think, I’m just speaking (posting) my thoughts over here. Feel free to correct me if I am wrong. I’ just rather optimistic about the future of cryptocurrency usage in the future.

There's a huge possibility on the crypto spread in every person when everyone must agreed to used cryptocurrency as they currency.

For now, it was difficult to happen because there are some country do ban crypto by using on it so soon if maybe all of the country uses crypto they also encourage to unbanned the crypto.

It will be possible for the world to run solely on cryptocurrency , but it will require massive adoption just as we have in Fiat.
The world also need to improve on the literacy on cryptocurrency because adoption without understanding of cryptocurrency will cause a lot of harm .
Also Debunking what the mass media says against cryptocurrency is possible when the masses are educated,  and non of the perceived falsehood of the media is correct.
Cryptocurrency will continue to suffer backlash from the mass media, until the issue of fraud is reduced to a bearable minimum.

[Twentyonepaylots]

I am just wondering would it be possible in the future for the world to run solely on cryptocurrency? Considering that right now there are many people from different walks of life who are using cryptocurrencies in their day to day life. I think right now one of the main limiting factors for world-wide cryptocurrency usage is the world’s governments who make restrictions on cryptocurrency usage. Moreover, I also think another factor in limiting cryptocurrency usage is a lot of people’s lack of understanding of cryptocurrencies as it is a rather new technology to most people.

I think that we can solve most of these problems by educating people about cryptocurrencies and debunking what the mainstream media have done to slander cryptocurrencies.
I honestly think that if these issues a solved then we will probably have more people to use cryptocurrencies worldwide.

What would do you guys think, I’m just speaking (posting) my thoughts over here. Feel free to correct me if I am wrong. I’ just rather optimistic about the future of cryptocurrency usage in the future.

There's a huge possibility on the crypto spread in every person when everyone must agreed to used cryptocurrency as they currency.

For now, it was difficult to happen because there are some country do ban crypto by using on it so soon if maybe all of the country uses crypto they also encourage to unbanned the crypto.

It will be possible for the world to run solely on cryptocurrency , but it will require massive adoption just as we have in Fiat.
The world also need to improve on the literacy on cryptocurrency because adoption without understanding of cryptocurrency will cause a lot of harm .
Also Debunking what the mass media says against cryptocurrency is possible when the masses are educated,  and non of the perceived falsehood of the media is correct.
Cryptocurrency will continue to suffer backlash from the mass media, until the issue of fraud is reduced to a bearable minimum.

There is a big possibility of this coming in the future, but in order for the general public to gain hold of cryptocurrencies the big companies should first advertise the use of it, so far the threat that obstructs big companies from investing is the fact that it is highly volatile, they can't just trust their life savings or their companies profit for example on something that could be gone tomorrow, so as long as bitcoin and any other cryptocurrencies remain volatile, it wouldn't see global usage just yet.

[aomakun]

There's a huge possibility on the crypto spread in every person when everyone must agreed to used cryptocurrency as they currency.

For now, it was difficult to happen because there are some country do ban crypto by using on it so soon if maybe all of the country uses crypto they also encourage to unbanned the crypto.

but if people are encouraged to use crypto it will be difficult because at this time only many countries still refuse bitcoin, so it still takes time for countries to provide legality first then the public will be encouraged to use bitcoin as a transaction or for their digital investments.

[Savemore]

For me it is not realistic to see that the people are only using cryptocurrencies as mode of payment. Of course I am sure that the bankers will not let it happen. There will be also financial crisis if the world will not use fiat money anymore. The balance will be broken, I think that the mass adoption will occur but there is balance between fiat money and cryptocurrencies.

[Eugenar]

I don't think the world's going to run crypoturrency, leaving behind fiat money. Although the blockchain has already been adopted by several companies and countries, it does not mean that they will also accept cryptocurrency. Since we know there are strong swings in cryptocurrencies that are not appropriate for use in payment instruments. And also most governments do not accept cryptography as a means of payment they only use cryptography as an investment tool. And some consumers of cryptocurrencies also tend to use fiat money for payment devices because it's more convenient. They only use crypto for commercial and investment purposes.

We could possibly think of the meaning of the fiats here, which is a currency regulated by the government and it could possibly be possible for us to turn the cryptocurrency to fiats if we want to and the government want too. Just for the correction, cryptocurrency is already been used as a payment tool not just for the investment reason. I prefer to transact mostly using crypto such as Ethereum, or XRP. Bitcoin will then be for investment. What we could learn here is that cryptocurrency could be suited for different purposes.

[celot]

Become realistic when world running with bitcoin and altcoin as currency payment after many infaltion value by using USD as their payment transaction so far, trying new digital currency payment where increase much profit is better for world running bitcoin as currency payment.

[qiwoman2]

Money is already going digital. Many central banks and governments are creating their own digital versions of FIAT, PRIMARILY to keep tabs on everyone and easier to tax as well. It's up to us through the lay people to want to convert our economic prowess to decentralized crypto and to want to use and adapt to it, which will make the real difference. We need to educate our friends and family on growing Bitcoin and other good crypto reserves. If we all got 5 people each year to say put 2% of their money into crypto, we would moon in 5 years from now. Unfortunately, too many of us are lazy and not motivated enough to make this happen, that's our drawback and others are just interested to rip the rest of us off with scams.