World economy would benefit if all crypto work together

[Xampeuu]

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 definitely agree with you, a collaboration between crypto will push the cryptocurrency usage and adoption to new heights but as bright as this idea may seem, developers tend to work their way separately.  For reason of fame, and wealth.  Others wanted prestige so instead of working with the team of existing cryptocurrency, they tend to create their own in hopes to be well known.  Others just wanted the wealth that will be collected once their project succeed.

I think the first effective step is to educate government officials from all departments about cryptocurrency and blockchain, especially those that are not decentralized. Most conventional official thought is not only to minimize risk but also to eliminate risk. With the discussion, simulation and supervision, I think officials who in fact ancient people will understand about cryptocurrency and its benefits for the economy.

The adoption of cryptocurrency in many countries is hampered by legal issues from the government, the majority of which believes that crypto threatens the country's sovereignty and is vulnerable to being used to finance terrorism and crime. Various simulation results will also give an idea of the plus and minus points. So as to provide broad insights from all elements of society especially government officials who make and pass laws.

I strongly agree with this one. It is needed for the politicians to know what cryptocurrency is since some laws needed to be enacted and amended in order to legalize Bitcoin along with other cryptocurrencies. There may be a lot of concerns to be faced as mentioned but with the help of new laws and regulations with addition to a special department to oversee any crypto related issues along with the set of professionals to address these then the potentials it could bring especially in the growth of the economy could be welcomed.

right, politicians are legislators, so that before they set a rule, it would be better if they know the understanding of cryptocurrency, so that the policies taken are appropriate policies, do not harm others and can encourage the development of a nation. sometimes we deplore, many rules are set, but not on target, most of them lack mastery of the problem

[ufaiz50]

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!

It's a good idea, by trying to unite the minds of each developer and incorporate the advantages of the system that has been made into a new system that is better.

In fact every developer has his own goals. so far from my experience in system development, that everyone has their own point of view let alone programming languages and frameworks have lots of products. so thinking like uniting is naive in my opinion.

We are in the crypto industry which prioritizes decentralization.

[tbone777]

People cant work together on govs level and you are talking about crypto unite

[wozzek23]

Maybe there could be some smaller ones that gets connected by together creating one more coin that could be exchanged for and get bigger? I know it is not an ideal situation but if you are a coin that has a less than 1 million dollars market cap that kind of means that you are not going to be anything as long as you continue that way, no coin that has under 1 million market cap can suddenly become a billion dollar coin, there is no way.

What could be done is create a token that basically exchanges that token with some other smaller coins and eventually 5-10-20-50 or whatever number of coins can all join in together to create one bigger token. Of course, financially and technologically it will be a very very tough thing to achieve but if coins can do that, we can actually see something amazing.

[julius caesar]

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!

If those developer would unite together and create a project that will have a huge impact to the economy, for sure the government will be accepting bitcoin or cryptocurrency in their country as of now. We can easily spread the positive effect of crypto if we are going to work together as one.

[Blackdeath]

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!

If those developer would unite together and create a project that will have a huge impact to the economy, for sure the government will be accepting bitcoin or cryptocurrency in their country as of now. We can easily spread the positive effect of crypto if we are going to work together as one.

Not sure about it because how would they collaborate with each other and developed their own single coin if they have their own purpose and differences. The only thing that governments in a country will start to adopt cryptocurrency as a legal currency if crimes and frauds have stop in the world of crypto, not making all crypto work together.

[coinfinger]

All the Blockchain projects that you’re seeing, they all don’t have the same purpose, each of them has a different purpose as to which they were launched and if they should try to work together it might not work out due to they will still be busy pursuing different goals.

Unless you mean that all the projects should start making use of bitcoin instead of creating their own cryptocurrencies, but that still won’t be possible, because how these projects is that they sell their tokens to investors and its just like when you’re buying shares from a company. So, this is not going to be possible. I guess in near future, we might be seeing lots of changes in how people are looking at bitcoins or at least on blockhchain technology which may lead to all we are all looking for.

[Meowth05]

For me collabaration will eliminate the competition and in turn will make the price of cryptocurrency stabilize, I may be wrong but that happens in different kinds of businesses.

[travwill]

In my opinion, the main problem is that each individual blockchain has its own scalability problems. Even if we consider them separately from the speculative nature of each individual coin, we will all have huge problems with technology compatibility. Therefore, projects with all the desire may not always work together. But you are right, this can lead to the creation of something new, but then you have to abandon the old.

[wxxyrqa]

In my opinion, the main problem is that each individual blockchain has its own scalability problems. Even if we consider them separately from the speculative nature of each individual coin, we will all have huge problems with technology compatibility. Therefore, projects with all the desire may not always work together. But you are right, this can lead to the creation of something new, but then you have to abandon the old.

It seems to me that the teams of specialists still have a lot of work to do to improve all the platforms that are in demand, as well as increase the technical characteristics of all cryptocurrencies.  Indeed, today the main problem, for example, Bitcoin is this scalability, and If you pay attention to Ethereum, which surpasses Bitcoin in some technical characteristics, then Ethereum, in my opinion, the main problem is its unlimited amount, which over time will affect its value in a negative way.  Before cryptocurrency will be used as a means of payment, and not a means of earning thanks to volatility, it is necessary to improve its quality for everyday use.

[shield132]

World economy wouldn't benefit by the way op states here. It's also very hard tasks and requires tons of discussion. At some point I agree with you, we create world economy and also: Together we stand, divided we fall. We aren't together and that's why we fall, everyone cares about themselves and not about overall society. We aren't united, we are separated, that's real problem. And this problem has to be fixed in real life at first rather than in cryptocurrencies. The reason we created cryptocurrencies is that mentioned problem isn't fixed in real life.
So what I want to say is that problem is deep. Let's take care of each other, let's give loans in lower percentage, let's share profit of organizations to their employees, let's have fixed, for example 1% of all profit from organizations to be put in education and try our best to educate poor people, poor nations along us and etc.
This is from where we have to start fixing of problems.

[TheUltraElite]

For me collabaration will eliminate the competition and in turn will make the price of cryptocurrency stabilize, I may be wrong but that happens in different kinds of businesses.

It is not as easy as you say. Would a project trying to set up their coin in the competition want to collaborate and if so who would they collaborate with? They will have to do it with another shitcoin project meaning increasing pile of shitcoin.

Dont compare this with companies running mainstream businesses. They are recognized and licensed to run with a legal support and they may wish to buy stakes from other companies. It is much different when it comes to crypto economy. Here it is like a wild west and will remain like this for a long time.

[Negotiation]

I agree with you that in business everywhere companies do not work together Their style is different But if I had all the crypto working together the world economy would benefit because there would be no difference between them all being limited to one place. But crypto is never a stable currency These companies will change with current technology.

[USBitcoinServices.Com]

I agree with you that in business everywhere companies do not work together Their style is different But if I had all the crypto working together the world economy would benefit because there would be no difference between them all being limited to one place. But crypto is never a stable currency These companies will change with current technology.

At some point in time, this can happen once the people in charge of those many different crypto projects, then they can encourage other teams to join forces and get more crypto benefits for ALL.

[kooboat]

The whole blockchain technology has been flooded with a lot of projects, most of the time it becomes really difficult selecting which one to choose over the other. There are more practical measures that can be taken by major stakeholders to ensure that most projects are able to achieve their mission and goals.

[Janation]

It would be easy for the adoption to happen if all the team will work together and partner up. I think this will soon be possible once teams realizes they need the community of the other coin to grow bigger.  All of the coins, though they have different technology behind their projects can be united for the adoption.

Some projects can be connected without problems, though there is this main reason why wouldn't this happen.

People are creating their coin for the purpose of people investing in them. They want to popularize their idea of a coin, and despite the cause of the coin, people want to earn money. We are naturally greedy, we have our own ways of showing them. If they started partnering up for a certain project, that would be great but there might be a problem in the long run.

[Wintersoldier]

Using cryptocurrency in our daily lives do really benefit us, but i am not that sure if every cryptocurrency will work together just to make the world economy better becauseevery cryptocurrency has their own use on how they were developed by it's own creator, so it will be very difficult for every cryptocurrency on how will they be cooperate to one and another.

[ene1980]

At some point in time, this can happen once the people in charge of those many different crypto projects, then they can encourage other teams to join forces and get more crypto benefits for ALL.

If joining forces would have been possible we would have already had that because a few years back the market started with bitcoin and everyone who came in the idea wanted to implement their separate ideas and now we have thousands of coins and tokens in the market and to be frank we really do not need those shit coins and all we need is bitcoin in the crypto market and a few anon coins for privacy.

[eaLiTy]

Using cryptocurrency in our daily lives do really benefit us,

Think twice before using crypto payment on your daily basis with the transaction fees for every purchase you make, that would be fun  . I have an alternative for daily transactions without any transaction fees.

but i am not that sure if every cryptocurrency will work together just to make the world economy better becauseevery cryptocurrency has their own use on how they were developed by it's own creator,  

The world thrives on competition and no country will work towards making the other country better.

People are creating their coin for the purpose of people investing in them. They want to popularize their idea of a coin, and despite the cause of the coin, people want to earn money. 

If the purpose is to create coins for the sake of creating one then it will not last that long, we have seen many projects and coins coming and going in the past ten years and i believe this space does have the most number of failed projects in a very short period of time

[xeance]

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 agree, lets also include on the positive impact - fighting corona virus and preventing future pandemic.