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Author Topic: Are you sure crypto is the future currency?  (Read 2413 times)
103deltafox
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July 19, 2020, 08:55:27 PM
 #161

I really wish it becomes the future currency ,though it's been gaining mass adoption gradually but I think it will take a whole lot of time for full adoption,most countries wouldn't want it over fiat but it's good we are early adopters and we see how it finally plays out.

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July 19, 2020, 11:57:23 PM
 #162

I have the same opinion as you sir. It is only a matter of time until crypto is used and legalized throughout the world. I think crypto will become an efficient, secure and instant global payment option.

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July 20, 2020, 02:18:10 AM
 #163

I have the same opinion as you sir. It is only a matter of time until crypto is used and legalized throughout the world. I think crypto will become an efficient, secure and instant global payment option.
So far, nothing has been created that would fully correspond to decentralized finances that are not subject to administration.
Today, the main product capable of changing the entire financial system is Ethereum when truly decentralized financial systems are created on its basis that can solve many global issues that are not subject to the existing monetary policy.
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July 20, 2020, 02:23:56 AM
 #164

I really wish it becomes the future currency ,though it's been gaining mass adoption gradually but I think it will take a whole lot of time for full adoption,most countries wouldn't want it over fiat but it's good we are early adopters and we see how it finally plays out.
Yeah, it's so true! The cryptocurrency is expected to be a future currency when it first appeared. However, as you said, it will take a lot of time for the world to fully use cryptocurrencies as a payment method. Despite the advantages of the cryptocurrency are over fiat currencies, many nations seem to be not interested in developing them. I think the reason is that they want to keep their fiat money superior, it's their tool to control the national economy and part of global economy!

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July 20, 2020, 04:34:02 AM
 #165

Maybe, maybe not. Nobody can tell with 100% accuracy that bitcoin will be the future currency. But yes there is a possibility that said by many economic analysts. It will happen as soon as the governments of the world will legalize cryptocurrency. But it is not so easy. The maximum countries in the world are against crypto now or they don't want to talk clearly about crypto. So it will come in the future but it is not so near to now. we need to wait for some years.
quite difficult to get the legality of digital currencies worldwide, unless there is a ruling country that can affect global currencies that can announce that crypto can be used as a legal payment instrument in every country and guarantee that crypto will not affect the major currencies owned by every country, of course such things can be said if crypto will be centered on one ruling country, everyone certainly will not be comfortable if that happens in the future
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July 20, 2020, 04:44:19 AM
 #166

My hope is also like this, where transactions are easier to do using cryptocurrency, hopefully in the future more and more countries will legalize cryptocurrency.
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July 20, 2020, 05:25:59 AM
 #167

My hope is also like this, where transactions are easier to do using cryptocurrency, hopefully in the future more and more countries will legalize cryptocurrency.
It will but those countries need to do a lot of audit before they can start to consider crypto. I remember when there was no even a single country that legalized crypto and they have legalized crypto after there was a lot of demand from their countries to use cyrptocurrency

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July 20, 2020, 05:35:11 AM
 #168

of course, it takes a long time to fully use cryptocurrency as money in the future, for now, there are several countries and also online media that have accepted transactions through cryptocurrency.

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July 20, 2020, 05:53:07 AM
 #169

I feel cryptocurrency will be more engaged in the near future but I think some of the top coin will still stay on asset class while the stable coin might be pushed to daily use currency. I also think countries and their central banks will introduce currency with own country name that they can control the size. The problem those currency could have is the non volatility and laundering but the daily volume use will be high with time.   

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July 20, 2020, 09:26:33 AM
 #170

I feel cryptocurrency will be more engaged in the near future but I think some of the top coin will still stay on asset class while the stable coin might be pushed to daily use currency. I also think countries and their central banks will introduce currency with own country name that they can control the size. The problem those currency could have is the non volatility and laundering but the daily volume use will be high with time.   

every country will surely develop its own digital currency after getting a picture from crypto about payments using digital.
and sure enough in my country fiat money that is commonly used has several digital uses.
I mean on average when people want to shop online they make payments digitally.

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July 20, 2020, 09:34:44 AM
 #171

I have the same opinion as you sir. It is only a matter of time until crypto is used and legalized throughout the world. I think crypto will become an efficient, secure and instant global payment option.
I think and we must know that crypto is very dynamic that can follow the development of future technology that will be used to make the future payment system. Crypto is very complex compared with the traditional payment system.

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July 20, 2020, 09:39:00 AM
 #172

I completely agree that crypto will be the currency of the future. Cryptocurrencies are already used all over the world and constantly more and more countries begin to legalize cryptocurrencies and recognize them as official currencies, this is just a matter of time when the whole world will already fully begin to use cryptocurrencies with its full potential.

Definitely it’ll be the currency of the future. It’s just that it takes a long time to make it happen. When transitioning from barter to gold and other precious metals, I’m pretty sure that it also took them a long while to adopt it. Same thing when transitioning from gold and precious metals to paper bills and physical coins.

The evolution of money takes decades or centuries to transition. As for cryptocurrencies, I would see it much faster than the previous transitions. Analysts would say that it would replace fiat money within this decade or in the next one. It’s going to be unpredictable, but who knows, it can happen real soon. We will never know, but at least I definitely know that cryptocurrencies are the future currencies.

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July 20, 2020, 09:40:34 AM
 #173

Of course i am sure crypto currency is future currency, now everyone know what is crypto what is benefit from this crypto, suppose if i have a crypto currency i don’t need to carrying money bag and it’s easy to use, so that i can say it’s future currency.
it's not just about convenience. cryptocurrency has a very large number of qualities that show its advantages over the current economic system






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July 20, 2020, 11:53:41 AM
 #174

yes I think the same now cryptocurrency is more advanced many large companies have a partnership with the crypto project and this makes crypto more known by many people and makes crypto a lot of use for transactions
There are a lot of huge companies, which have already a partnership with cryptocurrency. That makes people to rely on this world, and we can learn from them to follow new technology. People prefer making transactions with cryptocurrency, that is why it is more useful than with a bank. No doubt cryptocurrency is the future currency.

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shata
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July 20, 2020, 12:30:19 PM
 #175

I completely agree that crypto will be the currency of the future. Cryptocurrencies are already used all over the world and constantly more and more countries begin to legalize cryptocurrencies and recognize them as official currencies, this is just a matter of time when the whole world will already fully begin to use cryptocurrencies with its full potential.

 Cryptocurrency can be used for utilities, investment securities, payment method, substitute of fiat value, and many more. With ever development of cryptocurrency in improving our lives, if we think it only as to substitute fiat value; then perhaps it is the most simple form of explaination I could ever agree of. If you may think it deeply, cryptocurrency could be, "not a", but THE Financial Revolution.

As you can see, we need not simply the money or cash with huge financial value. Everyone has its right to vote for financial fraud and financial control made not only by our government but by wealthy private sectors. Inflation as most common problem, which happened to some countries like Venezuela and Zimbabwe. The gap of wealth between average citizens to crazy rich individuals. Unncessary competition among countries and many more. Cryprocurrency is hub for people with same reason about it.

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July 20, 2020, 02:57:27 PM
 #176

I think it will still be the future, maybe not completely replacing traditional currencies, but many newcomers to cryptocurrency in the future are not out of curiosity anymore. Instead, they come to cryptocurrency to be able to play a game, using a decentralized social network or, make a living with crypto.
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July 20, 2020, 04:21:05 PM
 #177

I think it will still be the future, maybe not completely replacing traditional currencies, but many newcomers to cryptocurrency in the future are not out of curiosity anymore. Instead, they come to cryptocurrency to be able to play a game, using a decentralized social network or, make a living with crypto.
Yes agree but in my opinion, crypto must the too broad classification and all cryptocurrencies cannot be the future but bitcoin must be the definite one among them. In the near future itself, bitcoin is going to be the mainstream of payment processor as all the service providers and vendors are going to accept bitcoin as one of their payment option. Lightning network will help them to eliminate the problem of waiting for confirmations.

When more people are preferring to have a problem free payment system then I believe all the vendors will get enforced to adopt that payment system. This is what exactly going to happen for bitcoin payment system in near future. How many people are adopting bitcoin in between time and how many people are demanding payment option for bitcoin are the key deciding factors here to push the bitcoin as universal payment method.
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July 20, 2020, 04:29:21 PM
 #178

We are in modern age and day by day new technology is coming. In this modern world, we can't think a day without virtual/online lifestyle. Crypto currency is helping us in many ways. It is fast, secure and it helps to save money and time.
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July 20, 2020, 05:36:07 PM
 #179

I completely agree that crypto will be the currency of the future. Cryptocurrencies are already used all over the world and constantly more and more countries begin to legalize cryptocurrencies and recognize them as official currencies, this is just a matter of time when the whole world will already fully begin to use cryptocurrencies with its full potential.

True it is just a matter of time but yet more advancement or improvements is still needed, and most importantly lesser or no scam projects, because this issue of scam projects tends to drag the crypto space behind. However, when studying the crypto space it is clear that Crypto will have a say in the future because it tends to offer more better alternative to fiat in certain cases. Lastly, not all crypto will make it to the future, in fact only few will be able to pitch their tents hence whatever anyone is doing or investing in any crypto for long term, let due diligence be done first.

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July 20, 2020, 10:25:43 PM
 #180

I think yes' because in the legal age this is also popular as a future currency, actually through the cryptographic system it helped a lot with the bounties to sustain when the community quarantine was implemented by the government.

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