How the world counter attack against cryptocurrencies

[snapee11]

Questions or not, but the world seems to have a say to the rising of the cryptocurrencies, its not that they're ignoring the fact that the cryptos were destroying their businesses or stocks or the system of every nation's currencies, but their simply making an act to regain its power by creating an online ways of fiat payments for any transactions.

but here are the questions, can they hold off this against the rising of cryptocuurencies?

fiat or crypto? or both?

gold or crypto? or both?

what would happen if the world abolish the use of paper-made money and adopt whole-heartedly the effectiveness of cryptocurrencies?

what nations could possibly rise if theres no more fiat in the world?

the world may never be the same as today, are you prepared and ready for it?

[Coyster]

but their simply making an act to regain its power by creating an online ways of fiat payments for any transactions.

I guess you mean CBDC's right, well mind you that they are not decentralized, so there's no need to worry about them, they are only digital fiat currencies and aren't going to be used like dex cryptocurrencies.

what would happen if the world abolish the use of paper-made money and adopt whole-heartedly the effectiveness of cryptocurrencies?

The world can't do that, no matter how many countries launch cbdc's, nor despite the rise of Bitcoin or other dex cryptocurrencies, fiat/paper money will be used in every country.

fiat or crypto? or both?

gold or crypto? or both?

Fiat, cryptocurrencies and gold, all of them is going to be used, though Fiat will always be used more than the rest.

[hd49728]

Your question is not true.

The truth is on the globe their are bitcoiners, bitcoin supporters and bitcoin haters. Not all people, all nations over the world are countering and attacking bitcoin.

For the negative people and nations on cryptocurrency, they are fear of their bail-outs. A note for you is not all of cryptocurrency have been created will be strong to survive and only few of them will. Bitcoin is the most powerful among them.

[mk4]

its not that they're ignoring the fact that the cryptos were destroying their businesses or stocks or the system of every nation's currencies,

Wait what? crypto is destroying what stock and what businesses?

fiat or crypto? or both?

gold or crypto? or both?

You're comparing mostly two different things here. Each has their own uses.

what would happen if the world abolish the use of paper-made money and adopt whole-heartedly the effectiveness of cryptocurrencies?

If governments would abolish physical cash, they would go with online services such as Venmo, PayPal, and Cash App. For some reason a lot of people think that online transactions automatically means the usage of cryptocurrencies. Definitely not.

what nations could possibly rise if theres no more fiat in the world?

It's unrealistic for you to think that governments worldwide would stop the distribution and usage of fiat lol.

the world may never be the same as today, are you prepared and ready for it?

Your idea of the future is quite far-fetched.

[Maroons]

Questions or not, but the world seems to have a say to the rising of the cryptocurrencies, its not that they're ignoring the fact that the cryptos were destroying their businesses or stocks or the system of every nation's currencies, but their simply making an act to regain its power by creating an online ways of fiat payments for any transactions.

Okay fist of all cryptocurrency did not destroy anything or currently destroying anything in the business and stock field or even the system of every country's currency, if there is to blame and it is obviously the pandemic that is happening to us right now and online fiat payments already existed many years ago, the usage of it just increased now because of the pandemic and it is not because to gain power or anything that you are saying.

what would happen if the world abolish the use of paper-made money and adopt whole-heartedly the effectiveness of cryptocurrencies?

The termination of the use of paper-money is very possible but complete end of fiat is not possible, fiat is already embedded to our lives and if ever the world wants to go paper less then it will still be fiat, in my perspective crypto will not be ahead of fiat but what I see is fiat and crypto will collaborate to create much more better system that we have now and of course it is with blockchain.

what nations could possibly rise if theres no more fiat in the world?

the world may never be the same as today, are you prepared and ready for it?

Like what I've said in the first questions, it is not very likely to happen, fiat will not be gone in this world.

Yes, there is a lot of changes that is happening here in the world but keep in mind that it's still people who makes changes in this world and if the world can't keep up or adapt in the changes that is planned to make in our society then it is better to stay with it and just continue evolving on its path.

[cryptoaddictchie]

What would happen if the world abolish the use of paper-made money and adopt whole-heartedly the effectiveness of cryptocurrencies?

That would be next to impossible for now. How even we innovate or technology grows especially on blockchain, traditional paper bill can never be abolish by majority of country. This is the solid way that everybody can always keep up when using finance. Now if youre getting overwhlem by blockchain improvement. It can be incorporated but totally replacing our old school paper bill for all digital accounts we know that there is always vulnerable aspect that could be negative in terms of mass community.

I love crypto but the idea of paper money would never been gone.

I think the topics mostly appropriate on economic section dont you think? OP might move this there as the topic isnt really about beginners but youre inciting an idea which is debatable.

[Darker45]

Questions or not, but the world seems to have a say to the rising of the cryptocurrencies, its not that they're ignoring the fact that the cryptos were destroying their businesses or stocks or the system of every nation's currencies, but their simply making an act to regain its power by creating an online ways of fiat payments for any transactions.

1. I have yet to hear a case of "businesses or stocks or the system of every nation's currencies" that is actually destroyed by crypto. Crypto has destroyed not even one of them.

2. Fiat online payments were already popular even before Bitcoin came to the fore or even way before Bitcoin was conceived.

but here are the questions, can they hold off this against the rising of cryptocuurencies?

Yes, most probably.

fiat or crypto? or both?

Both.

gold or crypto? or both?

Both.

what would happen if the world abolish the use of paper-made money and adopt whole-heartedly the effectiveness of cryptocurrencies?

Then commerce becomes more efficient; it becomes more convenient to mankind. But I guess that won't happen in the next half a century at least. The world is so big and there is a gaping chasm impossible to bridge between the most high-tech city and the most impoverished village. While we are talking of abolishing paper money and replacing it with a digital currency, there are individuals out there who are dying of thirst and hunger.

what nations could possibly rise if theres no more fiat in the world?

The rich nations.

the world may never be the same as today, are you prepared and ready for it?

Yes, I am. Always.