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

[cryp24x]

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.

It says that it could be an alternative way of payment. I don't think that wolrd could be run in Cryptocurrencies. Fiat still the best currency to run all of the countries needs since not all are technically inclined people and not all people have internet access. Acceptance will be possible if the people will be well-informed in Cryptocurrency.

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[SummerBliss]

It will become a reality only.
The main hindrance right now is that not everyone on this planet is digitally connected. So you can't expect the transition to happen globally. but it can start from some Asian countries like South Korea or Japan.
The world can run on cryptocurrencies but not the decentralized one. Such cryptocurrencies will be controlled and maintained by the government and central banks just like fiat. It will be just an easier way to maintain transparency and reduce the cost.

[romero121]

Only time can give the right answer, until then we need to move forward along with the market changes. From my view everything getting a digital transition will make the future to be functional on blockchain and cryptocurrencies until the next big technology is innovated. Right now cryptocurrency usage is very low compared to the fiat usage, but it keeps counting. Possibly the world will run on cryptocurrencies, but the usage of fiat will be there forever.

[Diirtmaan]

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.

You talk very well about what needs to be done and why this is not happening. I agree that many people are not interested in developing and popularizing of Bitcoin because of their personal causes and laziness. 10 years have passed but crypto has progressed poorly compared to what result we could achieve if we were not lazy

[todiboa]

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.

It says that it could be an alternative way of payment. I don't think that wolrd could be run in Cryptocurrencies. Fiat still the best currency to run all of the countries needs since not all are technically inclined people and not all people have internet access. Acceptance will be possible if the people will be well-informed in Cryptocurrency.

ust few % of people have problems like lack of internet or learning opportunities. For some reason, Instagram, FB, tweeter tik-tok, etc current attract millions of users and everyone is able to figure out how it works. I think to understand how crypto works is not a problem, a problem is that crypto still not presented to people as simply and interestingly as social networks and other nonsense

[Thecryptocurrency09]

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.

Surely it is possible as the technology is rising I think what we need to wait is to completely adopt this cryptocurrency to see this.
I think this could be the future and I think it would take 100 years or more to have this cryptocurrency become implemented but today I think we still need the fiat money and cryptocurrency is just an alternative currency for now.

Surely this cryptocurrency is a great assets or digital money if we are using great technology in the future surely this cryptocurrency is going to fit it for sure.

[Jercyhora2]

In my opinion, it is not a good idea to accept crypto currency as total way of payment, because we still need our paper bills to buy our daily need and there is sone advantages that our paper bills that crypto currency don't. Like for example : Our paper bills are unhackable, you can carry any where because all establishment a accepts bill cash for services.

May 75% of evey monetary system can use crypto but it a stupid idea accepting it totally.

[TastyChillySauce00]

It will become a reality only.
The main hindrance right now is that not everyone on this planet is digitally connected. So you can't expect the transition to happen globally. but it can start from some Asian countries like South Korea or Japan.
The world can run on cryptocurrencies but not the decentralized one. Such cryptocurrencies will be controlled and maintained by the government and central banks just like fiat. It will be just an easier way to maintain transparency and reduce the cost.

That is basically the same as using bank transfer then. Using centralized crypto which probably backed by the government would be a waste of time. Why going through hardship deploying crypto if it's centralized at the end of the day. Although i'm pessimistic whether world could run solely in decentralzied crypto or not but to have centralized crypto despite making sense will just be a waste of time.

[DevilSlayer]

In the future, if mass adopters occur, Bitcoin may become the main payment source. This will definitely make it much easier for the public to do transactions with bitcoin, and this may be a tough competition for fiat currencies, but if that happens it does not mean that fiat currencies are no longer valid because some of their people will also need banknotes to be given to their kids, and it is very unlikely that they will give their kids bitcoin to buy snacks.

Fiat currencies have still upper hand than the cryptocurrencies, for me it is still too far to see that the most of the citizens will use cryptocurrencies and not fiat money. The fiat money is backed by the government so, I am sure that the government will not yet let the world run by cryptocurrencies. Our economy deserves better payment system and it is the reason why the world should be run by the cryptocurrencies.

[peter0425]

It would be a bit difficult to achieve this one with right now, as we are still far too far to achieve mass adoption.

were getting to close year after year.

Crypto users ' population is growing, but it's still not enough. Many governments are against cryptocurrencies, so it's really hard to say that running on cryptocurrency is possible for the world.

in time those Governments that against crypto will change way if the realization happen,they may find how beneficial is crypto and not the other way around.

Just like what you said, there are factors that stop it from happening and we still have to work on that factor in order to finally achieve what we want.

with all our help guys,if we give some effort for the crypto to be adopted by telling people what this can give to us human.

[gabmen]

It would be a bit difficult to achieve this one with right now, as we are still far too far to achieve mass adoption.

were getting to close year after year.

Crypto users ' population is growing, but it's still not enough. Many governments are against cryptocurrencies, so it's really hard to say that running on cryptocurrency is possible for the world.

in time those Governments that against crypto will change way if the realization happen,they may find how beneficial is crypto and not the other way around.

Just like what you said, there are factors that stop it from happening and we still have to work on that factor in order to finally achieve what we want.

with all our help guys,if we give some effort for the crypto to be adopted by telling people what this can give to us human.

Adoption is very real and is achievable in just a few years. Though for the world to run mostly on crypto? That's doubtful. People will always look for alternatives and in case it comes to that point, we'll look for faster, cheaper way to run things just as how bitcoin is to fiat right now. There's no absolute, we'll always have other options.

[Wintersoldier]

Adoption is very real and is achievable in just a few years. Though for the world to run mostly on crypto? That's doubtful. People will always look for alternatives and in case it comes to that point, we'll look for faster, cheaper way to run things just as how bitcoin is to fiat right now. There's no absolute, we'll always have other options.

It is quite contradicting o state that adoption is achievable and at the same time, world having bitcoin as main currency is doubtful. Because if bitcoin is proven to be useful, then it is in fact, could get allot of adoption, and getting allot of adoption means world has the capability of running with bitcoin as its main currency for transactions. What is doubtful is when a person especially someone we know that makes forks with bitcoin and created a currency out of it, then try to claim, he's the real satoshi, but in fact, promoting the forked crypto he has.

[Wipeout2097]

Legality is major hurdle also government not allowing for it,Beside the creating awareness about the crypto  that maximum population adopt it.First decade of Crypto was for development and current decade is for adoption.Current also precious for the cryptocurrency,halving of BTC is on way and that will also green signal for the adoption and the rising price of crypto.

I believe people run dafter crypto because they want financial freedom and easy way to transfer their funds globally.  

[CarnagexD]

Legality is major hurdle also government not allowing for it,Beside the creating awareness about the crypto  that maximum population adopt it.First decade of Crypto was for development and current decade is for adoption.Current also precious for the cryptocurrency,halving of BTC is on way and that will also green signal for the adoption and the rising price of crypto.

I believe people run dafter crypto because they want financial freedom and easy way to transfer their funds globally.  

The world running on cryptocurrencies is not a farfetched idea honestly. At this moment people are more into digitized goods and not too soon bitcoin will be the prevalent currency there is due to the fact that it is more secure, fast and efficient. Bitcoin only needs support and time to develop into a more desirable coin than what it is right now.

[Linkkoin]

Indeed. Not all governments are all in favor in bitcoin because even there are countries who accepts bitcoin as a currency like US, Switzerland, Australia, UK, and so on.  The government still supports and regulate fiat, and bitcoin has a lot of issues due to scam accusations and about the changes of it's price that it started to go down badly.

Scalability, volatility but as well one of the elements of the Keynesian economy:
In case of a financial crisis, states often print out more fiat currency out of thin air to minimize effects of such crisis, instead of reforming the system at where the true problem lies. Otherwise (as we have seen with Greece or Spain), the recovery from a crisis is very long and problematic. 

[bdivrik]

The world is heading towards a new economic order. Production vehicles were much more valuable in the past. Now the material power can keep the money constantly. This cycle needs to be broken. Cryptocurrency can break this cycle. This is my opinion. It can do so with a limited amount of money and a transparent transfer system.

[FaithInCrypto]

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.

It could but in my personal opinion, it will be difficult. Bringing awareness of cryptocurrency need a lot of work already so it'll probably take a few more decades before the world could run solely in cryptocurrency. Also, with the government using its power and being a hindrance to cryptocurrency and people who are close-minded, unwelcoming the cryptocurrency, it'll take more years for everything. What I had in mind is hopefully, crypto and fiat is able to walk hand in hand as a mode of payment to most establishments. 

[procoiner20]

The world is heading towards a new economic order. Production vehicles were much more valuable in the past. Now the material power can keep the money constantly. This cycle needs to be broken. Cryptocurrency can break this cycle. This is my opinion. It can do so with a limited amount of money and a transparent transfer system.

We should be careful and differentiate between cryptocurrency and the underlying technology - blockchain. In my humble opinion, imposing Bitcoin as global means of payment is ambitious and complex goal to attain. On the other hand, the blockchain tech, the infrastructure is slowly but surely gaining traction and almost in all sectors business are exploring or developing blockchain based solutions.

[Assface16678]

I think we need more education on blockchain and Bitcoin in order to see more adoption of crypto in day to day life. People and governments need to understand that crypto is decentralized and borderless. There are still allot of people who doesn't even know that crypto exists. We need to educate people on the disadvantages of normal currency and advantages of crypto.

One of the most famous coin today is the cryptocurrency, but many people don't know what it is. Cryptocurrency is a coin that comes from the real currency that now are converted into digital currencies but distributed and divided into a different kind of coin and that we called now as a bitcoin, litecoin, ripple and ethereum. These coins are already adopted to the other country because it has a lot of benefits like more faster transactor and less hassle for queuing. Even this popularity and benefits still there are many countries does not accept of this kind of process because they are not ready for this kind of coins and they want to trace all of the transaction to make sure there is no illegal action. However, still, in the future, there is a chance it will used.

[White Christmas]

It would be a bit difficult to achieve this one with right now, as we are still far too far to achieve mass adoption. Crypto users ' population is growing, but it's still not enough. Many governments are against cryptocurrencies, so it's really hard to say that running on cryptocurrency is possible for the world. Just like what you said, there are factors that stop it from happening and we still have to work on that factor in order to finally achieve what we want.

There are some points in order to know if it would be really realistic for the world to run a cryptocurrency just like for example if many people are using cryptocurrency all over the world then it would probably real on the near future that it will be also used by the masses because it will be a good for transaction and etc. We know that although many people are adapting bitcoin and other cryptocurrency still there are some country and government who are not in favor about this matter in which they are still banning it to be used by the masses or the people, if the government and all of the country will accept and adapt bitcoin as well as the other cryptocurrency then it would be a great chance to have a realistic cryptocurrency all over the world in the near future.