World economy would benefit if all crypto work together

[justdimin]

"All" cyrpto looks like a bit of too much, I personally wouldn't even put the top 10 together because there are ones that are legit while there are ones that are horrible inside the top 10 so it would not make any sense to "work together" for them since some of them are there to help everyone out whereas some of them are there to help just few people out.

Bitcoin, ethereum, litecoin, eos are all things that would get together and do something but on the other hand xrp, bitcoin cash, bitcoin sv, bnb are all out there to make their owners rich and not care about the investors. When there is such a gap between these coins and they are just top 10, you realize that maybe we can't even talk about "all" coins together, if it is so impossible for top 10, how could it be possible for top 100 or even top 1000.

[Averim]

If the crypto projects were working in collaboration more often, then the whole crypto community would achieve bigger accomplishments all at once!
Synergy would be on the side of cryptos if that were the case, we see these days many projects working on their own each of them having as result longer periods of releasing updates and new features.

It is time to find ideas and bring teams together and work smart rather than hard. With collaboration among team projects like Lightning network, bitcoin smart contracts, ETH scalability, and many features could be ready for the masses sooner and the global economy would have a big positive impact!

I like the concept from above, especially the part with '' work smart than hard'. Somehow all crypto projects are in competition even if they try to sustain the same technology.

[bitgolden]

The thing is, we have no idea what we mean when "all crypto work together". There are coins with no ownership such as bitcoin and ethereum where it is totally decentralized and could not be played with at all, while some other ones like xrp or bch is actually very very centralized and could be controlled by some people. So when you want for example bitcoin to work with ripple, how could that be done?

Ripple at least has owners that can make decisions on the coin for example but bitcoin doesn't have a big owner at the top, how could there be some sort of working together there? Maybe xrp and bch can work together since they are both owned by some people and centralized, by bringing their powers together they could definitely make a huge impact on the crypto world.

[Baoo]

Absolutely yes, this new era has a lot of characteristics especially when we use it in the right way. In fact, I guess the only disadvantage of this domain is the existence of scammers, they are unfortunately a lot especially in this period. Furthermore, I guess the world economy would benefit if they accept the cryptocurrencies especially the best of them ( Top 20 ), the other ones are pretty worthless and scam except few.

[micallco]

And I think that unification is one of the most important components of success. We will not achieve universal acceptance of Bitcoin if we are separately. I believe that we need to cooperate, create common projects and attract new people, talking about bitcoin and its capabilities. Together we can reach the heights!

[Yatsan]

And I think that unification is one of the most important components of success. We will not achieve universal acceptance of Bitcoin if we are separately. I believe that we need to cooperate, create common projects and attract new people, talking about bitcoin and its capabilities. Together we can reach the heights!

Bitcoin is decentralized platform so anyone can use it and no one can manage it or rather control it, simply implementing bitcoin in your country will be good or if your government is going to legalized the usage of bitcoin then, it will be a huge milestone. Right now there's a lot of country that is supporting the usage of bitcoin and it's going pretty well. Fiat and crypto co-existing together will be great for every country's economy. Right now it going good, so imagine of all of the country will legalize the usage of bitcoin 

[Arkann]

I think that a lot can be said about the positive aspects and certain difficulties that the legalization of cryptocurrency and its real use will bring, but first of all, one way or another, the use of cryptocurrency at the state level will benefit primarily the user who will stop worrying about the loss of value  their savings, as is happening today with paper money.  Of course, you need to take into account the fact that today the prices for cryptocurrencies are falling and rising, because the market has not yet reached the stability that will come after the world recognition of cryptocurrencies.

[NotATether]

99% of altcoins have achieved nothing, they are just useless forks with no real development. So, even if you take all their developers and make them work on a single project, it wouldn't yield much results. As for the productive part of crypto, more developers doesn't mean significantly faster development. When it comes to cutting edge research and development, things tend to move slowly even with enough resources.

And development doesn't hold crypto back from mass adoption, it's already very much usable, but for other reasons people choose not to adopt it yet.

I doubt that the developers of most altcoins have a concrete understanding of how cryptocurrency is supposed to work. They just make a fork in order to get rich or to pursue some ideology. Most of the cryptocurrency developers are already focused around bitcoin anyway, since they already have a lot of brilliant geniuses working on it.

Putting too many developers in a project actually slows it down and its effects have been described in the Mythical Man Month (Wikipedia link). Organizations tend to describe development in people-months but the problem with describing it in this way is that adding another person does not necessarily make one month of more work, as that person could fall behind. The more developers working on a project the more people they have to communicate with in order to coordinate a project. The issue with adding more developers is the code maintainers will be burdened with testing and merging commits from more people. So you've got a bottleneck. This is why many open source projects on github have slow release cycles.

[abhiseshakana]

I have a different view. Cryptocurrency is just an object. While humans as economic agents are the subjects. Humans have a nature that is never satisfied (greedy). With this nature, how humans can create profits or improvements in the world economy. So what can benefit and improve the world economy is the change in the character of each individual, especially government officials. Not looking for maximum profit but how to make the benefits can be felt by everyone.

The world economy will improve if the adoption of cryptocurrency can touch the real sector, not just limited to trading on the exchange. When in fact the money is now changing the function of the payment instrument into an asset which is ultimately used as a speculation tool.

[Twentyonepaylots]

The thing is, we have no idea what we mean when "all crypto work together". There are coins with no ownership such as bitcoin and ethereum where it is totally decentralized and could not be played with at all, while some other ones like xrp or bch is actually very very centralized and could be controlled by some people. So when you want for example bitcoin to work with ripple, how could that be done?

Yeah, although I agreed that it will be beneficial if all crypto will work together to attain economy gain I'm still clueless on how and who will initiate it. Since different coins are running in either decentralized or centralized platform. Maybe the mass adoption is enough supported by many coins in the market and probably tokenization would really help. The regulation is what we are focusing as of now since there are some beefs with different country like U.S. and China, and there are pretty sure of political interest with many government.

Ripple at least has owners that can make decisions on the coin for example but bitcoin doesn't have a big owner at the top, how could there be some sort of working together there? Maybe xrp and bch can work together since they are both owned by some people and centralized, by bringing their powers together they could definitely make a huge impact on the crypto world.

I believe the XRP would impact greatly alone coz I'm very negative with Bitcoin Cash since the network is adjusting making a complex data that affects the every next transaction.

[NavI_027]

Hmm, no offense but the unity you are pertaining about sounds impossible for me. Every developer got their own visions for their own coin of cours and each one of them have different intentions — some aim to make a better version of btc, some made it for the sake of business and some just made it for scamming people. On that aspect, unity was already absent.

But you know what, I love the idea of "single existing coin" because what we really want is revolution right? Where all countries across the globe can engage faster and easier way of transaction between one another .

[el kaka22]

Could you really blame them tho? Right now we are living in a world where you can work as hard as you humanely can and you could still stay poor, not maybe "I don't know where the next email will come" level of poor but "If I am unemployed for 2 months I am screwed" level of poor and that is exactly why I think we should start to focus on why those people are trying to make money quickly rather than why they are stealing peoples money.

In a fair world what those people are doing would be seen as greedy and bad but right now if you steal couple million dollars from people with the disguise of a new token or a new coin or even a fork or whatever you are basically making sure you will live a decent life by risking your life in exchange, nobody would want to do that, people would prefer a fair world where they can make their way as well but they see this as only way out of poverty sometimes.

Not saying what they are doing is right, it is wrong and illegal in many cases but at least we know that they are not doing it for fun, they are doing it to get a better life which I kind of understand.

[Moshaid]

This is what am actually craving for to see happening, but alongside all cryptocurrency working together or most cryptocurrency working together, another implementation i would love to see come to live is the usage of cryptocurrency in the business world as well this including general global market as well as the economy sector in each or most countries. With this the main purpose of cryptocurrency is achieved and this would bring an avenue for more growth.

[FlightyPouch]

I like the concept from above, especially the part with '' work smart than hard'. Somehow all crypto projects are in competition even if they try to sustain the same technology.

Obviously, they want to earn other than laying the goal of the project of the coin. We can' really remove that from the market since we are talking about profits here, we are talking about money here. The reason a lot of projects are popping up, wanting their ideas to take over and earn a huge amount of profit from investors and we are not even talking about scams here. Just imagine how hard it is to unite people if they just want to earn.

[kaya11]

If the crypto projects were working in collaboration more often, then the whole crypto community would achieve bigger accomplishments all at once!
Synergy would be on the side of cryptos if that were the case, we see these days many projects working on their own each of them having as result longer periods of releasing updates and new features.

It is time to find ideas and bring teams together and work smart rather than hard. With collaboration among team projects like Lightning network, bitcoin smart contracts, ETH scalability, and many features could be ready for the masses sooner and the global economy would have a big positive impact!

That's a hard goal to achieve, too many factors to consider. Most of the project developers wants their name to be known aside from earning money. They have different sets f of minds with different needs and it is hard to compress them if they have different ideas. As of now I only see collaboration of projects between exchanges and new projects, and this is because they want money, more money. The real question is are there still projects that don't raise funds for their set of goals and do their projects with what resources they have? I think if they succeed somehow, they would benefit from it later on as people will buy it in high price if is useful enough or at the phase that it can be utilize. Bitcoin's creator only needs the support of the people through their help running the network, he even gave some BTC to some, he never asked money from them.

[USBitcoinServices.Com]

If the crypto projects were working in collaboration more often, then the whole crypto community would achieve bigger accomplishments all at once!
Synergy would be on the side of cryptos if that were the case, we see these days many projects working on their own each of them having as result longer periods of releasing updates and new features.

It is time to find ideas and bring teams together and work smart rather than hard. With collaboration among team projects like Lightning network, bitcoin smart contracts, ETH scalability, and many features could be ready for the masses sooner and the global economy would have a big positive impact!

That's a hard goal to achieve, too many factors to consider.

Once each project realizes that they can't achieve their goals by themselves then they might consider doing partnerships, we can see that already happening with many of them. Why work hard when teams can join and create synergy?

[KrisAlex18]

Cryptocurrency becomes so prominent all over the world. Some countries already accepted the cryptocurrencies in there which is good, including the state of China, a country that is known for being as one of the stable and advanced countries in the world I cannot see something terrible in cryptocurrency so I confused to some countries that afraid of accepting cryptocurrency in their land, they didn't know the advantage of cryptocurrency if they have it in their area, one of which is, in online world all things are so convenient which also uses cryptocurrency to avail some stuff, like movies, software, bills, and any other payments, but the thing I doubt in online world is most of the websites are scammed, and it has a big chances that hackers and spammers can steal your money.

[sujon5]

Sometimes working in collabs is impossible. I mean every company tries to perform the best. So it's often about competition.

[Kakmakr]

I strongly disagree with this thinking... The strength of Alt coins is the fact that different developers can experiment with new concepts and scaling solutions, without being "blocked" by lead developers of single projects. Imagine what would happen if there was one or two people calling all the shots on every Alt coin that was in development. 

Also, too many cooks, spoils the broth comes to mind. It becomes too difficult to make decisions when there are too many people participating in a single project. < Just look what happened when we had to decide on the last fork and how many people were trying to sabotage the other side, because they wanted their fork to be the dominant fork. >

[tabas]

It is an impossible dream to happen.
But it might come if all of dream drop the projects that they are working with and start pushing bitcoin worldwide. This is the kind of unity that we all want to see so that only one cryptocurrency will be proclaimed and will ever be the king.