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Author Topic: Are you sure crypto is the future currency?  (Read 2340 times)
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September 05, 2020, 03:02:08 PM
 #281

Many countries are supporting the cryptocurrencies but still, there are many countries that haven't have an interest in cryptos and want to oppose it. But according to the time countries like this would also start adopting it to seeing promising opportunities for the propel of the country.
With number of people loosing their jobs due to  Covid, the countries should consider making cryptocurrencies legal in their countries as this will promote the entrepreneurs to start more companies and thus creating more jobs for the people of the country and then the economy can start to rise again. But the governments are trying to put this problem on others especially China for Covid situation which it actually is. If the countries start making cryptocurrencies legal then yes they have a huge potential to become the future of money and can also evolve the payment systems as we know.

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September 05, 2020, 04:33:32 PM
 #282

Seeing a pandemic strike and an economic slowdown in Venezuela I can trust cryptocurrencies to be the currency of the future. Because of the decentralization and exchange value in any country, the cryptocurrency is doing its job well. Governments will have to issue their cryptocurrency in the future, but it will no longer be as transparent and decentralized as it is today. It will be blockchain technology but a centralized chain because the government doesn't want people to know how much money the country has printed in and they will control the users. Although the chain of concentration is limited, it will reduce the burden on the bank and effectively combat fraud.

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September 06, 2020, 02:17:03 AM
 #283

Yes, I am sure it is inevitable whether you want to or not, the movement in this direction can no longer be stopped. Gradually, on a par with national currencies, all powers will adopt a decentralized one, into which national currencies will gradually be poured as into US securities.
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September 06, 2020, 02:22:03 AM
 #284

Seeing a pandemic strike and an economic slowdown in Venezuela I can trust cryptocurrencies to be the currency of the future. Because of the decentralization and exchange value in any country, the cryptocurrency is doing its job well. Governments will have to issue their cryptocurrency in the future, but it will no longer be as transparent and decentralized as it is today. It will be blockchain technology but a centralized chain because the government doesn't want people to know how much money the country has printed in and they will control the users. Although the chain of concentration is limited, it will reduce the burden on the bank and effectively combat fraud.

It's blockchain powered but yes that's what will happen, government may adopt the system but the higher chance of being
centralized.
With how the pandemic affects the economy and the ways how people seen this venue not just an investment platform but
the also the usages that as well,.

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September 06, 2020, 11:24:40 AM
 #285

Of course I am very sure, bitcoin has been accepted on many payment platforms, we are just waiting for the time for all aspects to accept bitcoin, and altcoins like LTC ETH XLM are also starting to be accepted. Hopefully 10 years will be much better than now.

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September 15, 2020, 09:06:09 PM
 #286

Crytocurrency can be the future but it will take alot of time.Many people around the world are into cryto unlike before but the problem is that most countries are yet to legalize crytocurrency upto now because of some reasons like scams and so on . Countries are careful about it so that people will not lose their funds.So it's gonna take alot of time for it to be used and accepted all around the world.

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September 15, 2020, 09:31:44 PM
 #287

not all cryptocurrencies will become future money, maybe only some of them will be used,
and others will become assets, currently only Bitcoin and Ethereum have becomepayment on some sites.
So far we are doing great eliminating the bad actors of this industry but unfortunately, investors are losing money because of this scam projects, cryptocurrency is the future I am 100% sure of that, and I agree not all of them I consider coins that are in the top 20 are worth investing others are just fake projects or copies of already existing ones.
More reasons why many investor should always ensure he or she verify a cryptocurrency project before making an investment, things can be seen good when looking at the wrong side of a project but looking generally can be a safe zones. There are coins without case use and those types might not be future coins because they lack case use merit. There are also tons of projects that are copy cats which can't amount to future coins IMO.

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September 16, 2020, 12:09:05 AM
 #288

Crytocurrency can be the future but it will take alot of time.Many people around the world are into cryto unlike before but the problem is that most countries are yet to legalize crytocurrency upto now because of some reasons like scams and so on . Countries are careful about it so that people will not lose their funds.So it's gonna take alot of time for it to be used and accepted all around the world.
Chinese cryptocurrency will be the first
https://www.scmp.com/economy/china-economy/article/3083952/what-chinas-cryptocurrency-sovereign-digital-currency-and-why
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September 16, 2020, 12:31:33 AM
 #289

It might take some time, cryptocurrency has a huge potential to be an alternative medium of exchange since some cryptocurrency is now being used to pay online services, maybe not as much as we want it to be, but we are still on the early phase of adaptation. Mass awareness and government acceptance should take place first and from there cryptocurrency can be considered the same as debit/credit card or fiat which we can use on a daily basis.

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September 16, 2020, 05:13:17 AM
 #290

I would say definitely not because :

1.crypto currency has a huge usage in mixing money and money laundering, as you see many signature bounties here are about that .

2.it has a huge usage on gambling websites

3.usage in porn website for being untracked

4.usage in the Dark web for nasty things

5.usage for buying drugs

but still the most usage is in mixing and to remove te foot steps , that is why i think it can never be a replacement .
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September 16, 2020, 06:01:47 AM
 #291

In the “Imagine 2030” report, Deutsche Bank suggests that digital currency could eventually replace cash one day, as demand for anonymity and a more decentralized means of payment grows. ... In this report the bank says that cryptocurrencies are currently just additions to the current money payment system.Cryptocurrency  is better than currency… For large transactions, Bitcoin could be easily used
at anywhere without any problems..
So I am sure Crypto is the future currency.     

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September 16, 2020, 06:06:14 AM
 #292

I would say definitely not because :

1.crypto currency has a huge usage in mixing money and money laundering, as you see many signature bounties here are about that .

2.it has a huge usage on gambling websites

3.usage in porn website for being untracked

4.usage in the Dark web for nasty things

5.usage for buying drugs

but still the most usage is in mixing and to remove te foot steps , that is why i think it can never be a replacement .

crypto yuan currency is already being tested

https://www.coindesk.com/digital-currency-china-central-bank-yuan-tests
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September 16, 2020, 07:26:26 AM
 #293

I would say definitely not because :

1.crypto currency has a huge usage in mixing money and money laundering, as you see many signature bounties here are about that .

2.it has a huge usage on gambling websites

3.usage in porn website for being untracked

4.usage in the Dark web for nasty things

5.usage for buying drugs

but still the most usage is in mixing and to remove te foot steps , that is why i think it can never be a replacement .

crypto yuan currency is already being tested

https://www.coindesk.com/digital-currency-china-central-bank-yuan-tests

China is a completely different world , where they track internet , money footprints , and I assure you they never let a single leakage in money and they definitely make it trackable, It has a huge population and they must be able to control it nevertheless chaos could happen, I still think Cryptocurrency could never be a replacement.
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September 16, 2020, 07:39:11 AM
 #294

not too sure because now digital currencies such as paypal, alipay and others have a lot of user bases and it seems like cryptocurrency doesn't have a user base like them, but if there are businesses from all cryptocurrency activist countries and there are rules about enforcement around the world I think cryptocurrency can beat them.
True, but many paypal and alipay users are also following the development of cryptocurrency and even they are also involved in it, so this would be great if there were rules about law enforcement around the world for cryptocurrency.


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September 16, 2020, 07:49:11 AM
 #295

I see that now cryptocurrency is more advanced, many large companies have collaborations with crypto projects or adopt blockchain technology, and this makes crypto more known to many people and there are even services that accept payments using crypto.

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September 16, 2020, 07:54:01 AM
 #296

You can see that the development of cryptocurrency is getting better had dropped in the previous year but crypto never stops making new updates
to attract investors back it turned out that the effort was fruitful the current crypto concept is defi, defi has made the crypto world even better
many investors are interested it could be crypto is the future currency

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September 16, 2020, 09:56:15 AM
 #297

Yes, because this is the technology of the future and surpasses fiat money in everything!

If the technology is the future, dont you think that during cryptocurrency development and acceptance period, technology will come up with something new ? By the time cryptocurrency be adopted everywhere, some new way of payment will appear? Like "time" from the movie "In time". Your life is limited by time, and you can buy/sell/exchange your lifetime in for something Smiley

How long it took for fiat money to appear? How long it took people to switch from using see shell, beads, animal teeth, metal to fiat money?
By looking how technology develop right now, there is a possibility that we will step over crypto and use something else.

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September 16, 2020, 10:12:10 AM
 #298

Yes, because this is the technology of the future and surpasses fiat money in everything!

If the technology is the future, dont you think that during cryptocurrency development and acceptance period, technology will come up with something new ? By the time cryptocurrency be adopted everywhere, some new way of payment will appear? Like "time" from the movie "In time". Your life is limited by time, and you can buy/sell/exchange your lifetime in for something Smiley

How long it took for fiat money to appear? How long it took people to switch from using see shell, beads, animal teeth, metal to fiat money?
By looking how technology develop right now, there is a possibility that we will step over crypto and use something else.
Yes what you have said is possible but not in this century, the world is not that advanced to switch our money to something different and about the question if crypto is our future, i think crypto will still be 2nd to fiat for people are very used to it and if we will switch or adapt to crypto without thinking about the other people who have not encountered crypto yet it will be a unorganized process, instead in my opinion digital fiat will more likely to be adapted by lots of people and now that we are quarantined digital fiat payments are used often.

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September 16, 2020, 01:09:22 PM
 #299

Yes, because this is the technology of the future and surpasses fiat money in everything!

If the technology is the future, dont you think that during cryptocurrency development and acceptance period, technology will come up with something new ? By the time cryptocurrency be adopted everywhere, some new way of payment will appear? Like "time" from the movie "In time". Your life is limited by time, and you can buy/sell/exchange your lifetime in for something Smiley

How long it took for fiat money to appear? How long it took people to switch from using see shell, beads, animal teeth, metal to fiat money?
By looking how technology develop right now, there is a possibility that we will step over crypto and use something else.

But aren't you selling your lifetime right now while you are getting payed to work your 8-hour job? You could say that you are getting payed for the work you are doing but you can also look at it like you are selling your lifetime (1/3 of every working day) to your employer.



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September 16, 2020, 02:30:30 PM
 #300

Wouldnt say for now for certain. Crypto is quite unstable for now but we're not for certain in the path it would take since it is hard to be able to tell ever since the start of it. But its not far off.




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