Cryptocurrency: The Future of Finance in a New World Order?

[kryptqnick]

In 2009, the first cryptocurrency -Bitcoin-, officially launched and since then has continued to roll into a snowball effect that poses a serious threat to the existence of conventional finance. As much money as the restless World Central Bank, the government seems helpless and dragged into the vortex of the evolution of the world's financial system. The Covid-19 pandemic has become a catalyst for forcing the entry of all financial and banking industry sectors into the digitalization era. Imagine a concept of a world without physical currency. It is strange, but real. Money will be removed and replaced with a digital currency system.

The world without a physical currency isn't strange. I use a debit card most of the time, and only use cash where I cannot pay with the card. When I visited Sweden, I haven't even seen any banknotes because it was always easier to pay with a card, and sometimes paying with cash wasn't even allowed. So in some places, it's already reality, but it's not a crypto reality. All that printing done to get Covid relief funds will probably backlash eventually, but that alone isn't enough to really make a difference at Bitcoin adoption rate. A few businesses here and there, some countries declaring their crypto-friendly stance, but all this isn't enough to make cryptos as popular as, say, smartphones.

[Xampeuu]

In 2009, the first cryptocurrency -Bitcoin-, officially launched and since then has continued to roll into a snowball effect that poses a serious threat to the existence of conventional finance. As much money as the restless World Central Bank, the government seems helpless and dragged into the vortex of the evolution of the world's financial system. The Covid-19 pandemic has become a catalyst for forcing the entry of all financial and banking industry sectors into the digitalization era. Imagine a concept of a world without physical currency. It is strange, but real. Money will be removed and replaced with a digital currency system.

It's not about physical vs digital currency. Fiat money is mostly on digital form already, it however isn't so easily transferable as digital because it runs on centralised bank ledgers. In order to decentralised currencies to become threat to current system, they would need to be accepted widely as possible, even more widely then any fiat money and i can't see that happening any time soon. Fiat pairs is the reason why regulators are even interested in this. Or why they can and should interfere.

In fact physical currency is way more untraceable then most digital currencies so i wonder why people want to get rid of it so eagerly.

It's likely they haven't really look into the disadvantages or don't understand the implications. .. Maybe they are more focused on the advantages or don't even know that it has really serious disadvantages.
If the physical one is eliminated it's going to be way too risky to use money because centralized (and virtual) currency would be preferred by tyrannical government. Such government will likely not be confortable with well decentralized currency system. Besides, a well decentralized cryptocurrency would allow users print their "coins" on physical things and use them like physical money.

right, if at the same time eliminating the physical, then it is possible for now it seems the world is not ready, there will be many obstacles that will occur. but by giving him a little space can identify deficiencies and can correct them before they are really deemed worthy. but what they are facing is the government, which they seem to be comfortable with the current system

[cryptoperkele]

...
In fact physical currency is way more untraceable then most digital currencies so i wonder why people want to get rid of it so eagerly.

It's likely they haven't really look into the disadvantages or don't understand the implications. .. Maybe they are more focused on the advantages or don't even know that it has really serious disadvantages.
If the physical one is eliminated it's going to be way too risky to use money because centralized (and virtual) currency would be preferred by tyrannical government. Such government will likely not be confortable with well decentralized currency system. Besides, a well decentralized cryptocurrency would allow users print their "coins" on physical things and use them like physical money.

Yeah, that's likely.

Also people see decentralized currencies as "digital" while not fully understanding what they are; while seeing experts are praising them how progressive they are, they immedietely jump into praising bandwagon when they hear that goverments want to create fully digital usd, eur or whatever.

[jinneas]

Big crises often contain big opportunities. Cryptocurrencies are emerging digital currencies based on blockchain technology, which can effectively alleviate international economic problems.
Most cryptocurrencies use blockchain technology, and all transactions in the network can be recorded point-to-point in a transparent and open network system.
Cryptocurrency is an emerging industry, and the regulatory policies of different countries and regions are also different, but it is an inevitable trend for the industry to gradually move towards compliance and licensing. Cryptocurrency will inevitably become an indispensable part of the financial field in the future.

[Viscore]

Almost everyone who is used to using cryptocurrencies for investment also has some places that have gradually accepted payment, it seems that cryptocurrencies have become a kind of future currency, it may seem strange to some people but i feel that all things progress and money too must have progress and change for us to grow , for some traditional banks they always insist . If they still hold the old opinion that BTC is an unreliable currency, why don't they think that their money has become old andol boring, cryptocurrency is the future of finance in the future?.

The central banks and those finance industries must have been triggered with the presence of crypto because if not, such countries must not impose restrictions for cryptocurrencies. If they are just open to crypto, traditional finances and this new evolution technology will create a good blend so they can serve more satisfaction to their clients.

I think the government should give more emphasis to crypto because it might be their answered prayer in regaining the strong foundation of their economy.

[Alfreed]

cryptocurrency is definitely entering the financial market. brokers love this product very much because, due to the high volatility, the cryptocurrency gives very high returns. but you can also lose everything very quickly. cryptocurrency has become an integral part of our financial system and will be there until demand falls for it

[Hippocrypto]

In 2009, the first cryptocurrency -Bitcoin-, officially launched and since then has continued to roll into a snowball effect that poses a serious threat to the existence of conventional finance. As much money as the restless World Central Bank, the government seems helpless and dragged into the vortex of the evolution of the world's financial system. The Covid-19 pandemic has become a catalyst for forcing the entry of all financial and banking industry sectors into the digitalization era. Imagine a concept of a world without physical currency. It is strange, but real. Money will be removed and replaced with a digital currency system.

That idea was going into transparency right now, and that one world order now started to rage against Nation slowly undertaking as beast. Their plans will work out accordingly but in a perfect time, as world goes digitalization everything will be changed from small to big, rich or poor will have to accept it. The ongoing vaccination was just the start of this order, cryptocurrency will be implemented as soon as possible when people started to adopt the system.

[Liamttw]

Money will be removed and replaced with a digital currency system.

Fiat currency will not be completely removed.
Blockchain technology is the future. As the blockchain provides more options in the future, it will witness the faster development of new integration with existing technologies and the introduction of newer technologies. People are more and more aware of the potential of encryption technology. People can participate in a completely transparent and permissionless financial system without any central agency or government, allowing users to participate in a more effective and fairer reward distribution system.
A fairer and more inclusive decentralized economic model is gaining appeal in the whole society. Encryption will democratize the creation and transmission of value, and it is gradually integrating and changing everyone's life. Cryptocurrency is vital to the future of the global financial system.

[Xinarae*]

Cryptocurrency will cover many places to create the future of money in a new world order. The demand for crypto will double to improve the world in the future one of the challenges every business faces is that cash flow and marketing companies are not immune to it bitcoin is the solution it has some financial benefits and less practical benefits. The company that accepts this payment may use a third party to convert bitcoins into cash or withdraw them in bitcoin form extremely easy to get started. Lots of companies support businesses that want to set up bitcoin as a payment option

[Charot12345]

In 2009, the first cryptocurrency -Bitcoin-, officially launched and since then has continued to roll into a snowball effect that poses a serious threat to the existence of conventional finance. As much money as the restless World Central Bank, the government seems helpless and dragged into the vortex of the evolution of the world's financial system. The Covid-19 pandemic has become a catalyst for forcing the entry of all financial and banking industry sectors into the digitalization era. Imagine a concept of a world without physical currency. It is strange, but real. Money will be removed and replaced with a digital currency system.

It may be strange by now to view the world without a physical currency because all people are used to the money that we are using now, a paper money. We are using it from generations to generation so something new is strange. But the modern technology is evolving and we are used to adjustments. So using a digital currency maybe a bit strange now but give people more years so they can adjust to it. And due to current pandemic, digital currency make it more appealing to people and become very useful.

[XUNing]

Under the digital global economic trend, it is necessary to adapt to the development of the encryption industry.

Cryptocurrency has become a currency of the future. Many companies and large institutions have accepted Bitcoin as payment, and some countries use Bitcoin as legal tender. Cryptocurrency is an emerging currency based on blockchain technology, and it can also effectively alleviate international economic problems.

[5thFear]

With the takeover of Bitcoin as a financial system, the govt won't have the leverage on the general public in the long run. And we might see a society free of governments and the so called pathetic rules. We might see a fully liberated human society in the future.

[lightning0]

Money will be removed and replaced with a digital currency system.

Under the digital global trend, the traditional financial system will be constantly updated, and it will not be completely replaced.

Although cryptocurrency or digital currency can bring many benefits to people, it also has many inconveniences and has not been accepted by all countries. It will take a long time for cryptocurrency to change the world of the traditional financial system.

[Argoo]

It is not so much about replacing the physically currency but about the regulators and banks world over realizing that the people's movement of their right to have Bitcoin isn't going anywhere.

They cannot just make open source software illegal on a legislative whim. A gradual consensus is emerging within Civil society aided by certain rich individuals (Jack, Elon) that the Govt does not get to have a monopoly on currency. Over the course of development of money, governments have been the de-facto power. Nobody questioned it. Any attempts to change the system were met with retribution because those were started by people or groups. Now, here we have an alternative to money which the government cannot morally and ethically call wrong.

It is open source and people are choosing to use it. Just the way that people choose democracy and give all the power to chosen representative. Power flows from the people and thats what bitcoin has enabled in terms of Socio-economic power.

I do not think that the situation with digital currency will dramatically change relations in the global financial market in the near future. The world is moving towards the digitization of currencies, but this process will be quite slow. Finance doesn't like quick changes. In addition, the complete prohibition of cryptocurrency by most states cannot be ruled out. Now there are more and more calls from officials to regulate the circulation of cryptocurrency more strictly due to the fact that it is used for criminal purposes, including for laundering dirty money and financing terrorism.
We do not know what may happen in the future. Now, if the Taliban, who seized power in Afghanistan, begin a confrontation with the West and the United States, and in connection with the sanctions applied, they begin to use cryptocurrency, then it is possible that it may be completely outlawed by the G20 states. Moreover, there are many such options.

[suryana]

In 2009, the first cryptocurrency -Bitcoin-, officially launched and since then has continued to roll into a snowball effect that poses a serious threat to the existence of conventional finance. As much money as the restless World Central Bank, the government seems helpless and dragged into the vortex of the evolution of the world's financial system. The Covid-19 pandemic has become a catalyst for forcing the entry of all financial and banking industry sectors into the digitalization era. Imagine a concept of a world without physical currency. It is strange, but real. Money will be removed and replaced with a digital currency system.

looks strange indeed if we look at the situation today . Like the impossible. But this could be something that could happen in the future . Needs force everyone to understand technology and the internet. So I don't think anything is impossible in the future. Depends on whether humans are able to develop this much deeper

[oHnK]

In 2009, the first cryptocurrency -Bitcoin-, officially launched and since then has continued to roll into a snowball effect that poses a serious threat to the existence of conventional finance. As much money as the restless World Central Bank, the government seems helpless and dragged into the vortex of the evolution of the world's financial system. The Covid-19 pandemic has become a catalyst for forcing the entry of all financial and banking industry sectors into the digitalization era. Imagine a concept of a world without physical currency. It is strange, but real. Money will be removed and replaced with a digital currency system.

looks strange indeed if we look at the situation today . Like the impossible. But this could be something that could happen in the future . Needs force everyone to understand technology and the internet. So I don't think anything is impossible in the future. Depends on whether humans are able to develop this much deeper

I don't think that crypto currency is a strange thing to implement in society because it is currently a solution to a centralized economic system that has already worsened the economic condition itself because the Central Bank as the monetary regulator in every country does not carry out its function properly, inflation that occurs continues to increase every year, even though from theory inflation is a sign of the country's growth, but if it is not controlled, let alone supported by large foreign debts, it will cloud their situation, making regulations for  their momentary interest.

[Natalim]

In 2009, the first cryptocurrency -Bitcoin-, officially launched and since then has continued to roll into a snowball effect that poses a serious threat to the existence of conventional finance. As much money as the restless World Central Bank, the government seems helpless and dragged into the vortex of the evolution of the world's financial system. The Covid-19 pandemic has become a catalyst for forcing the entry of all financial and banking industry sectors into the digitalization era. Imagine a concept of a world without physical currency. It is strange, but real. Money will be removed and replaced with a digital currency system.

looks strange indeed if we look at the situation today . Like the impossible. But this could be something that could happen in the future . Needs force everyone to understand technology and the internet. So I don't think anything is impossible in the future. Depends on whether humans are able to develop this much deeper

I don't think that crypto currency is a strange thing to implement in society because it is currently a solution to a centralized economic system that has already worsened the economic condition itself because the Central Bank as the monetary regulator in every country does not carry out its function properly, inflation that occurs continues to increase every year, even though from theory inflation is a sign of the country's growth, but if it is not controlled, let alone supported by large foreign debts, it will cloud their situation, making regulations for  their momentary interest.

Crypto is not here to compete from fiat or the physical money but it's a good alternative when this financial system wherein we are already used is not becoming helpful already. We all know that we are already facing the digital age but seems the government is not ready yet. I think it will only be a matter of time before the government adjust to start having digitalization as the new future for finance system.

And crypto will be a good replacement for the old financial system because it's making the whole system more convenient and eventually more secured compared to our present system wherein transparency is not being seen and i think the government officials are even liking it for their own interest. Sad but it's really happening.

[Kusman]

Cryptocurrencies have changed the way we look at money. We have a completely different system which is digital and anonymous. Governments don't let people make anonymous transactions anymore though. But still, cryptocurrency means financial freedom. You can do whatever you want without needing the help of anyone but you need the help when it comes to banks.

Maybe one of volatile cryptocurrencies won't ever be the global currency. But they have paved the way for governments to develop their own digital currencies which will replace fiat money in the future.

[Snappycoco]

In 2009, the first cryptocurrency -Bitcoin-, officially launched and since then has continued to roll into a snowball effect that poses a serious threat to the existence of conventional finance. As much money as the restless World Central Bank, the government seems helpless and dragged into the vortex of the evolution of the world's financial system. The Covid-19 pandemic has become a catalyst for forcing the entry of all financial and banking industry sectors into the digitalization era. Imagine a concept of a world without physical currency. It is strange, but real. Money will be removed and replaced with a digital currency system.

Agreed specially now that the printing spree is making inflation great. I believe it might takes time to be fully implemented but I can see a bright future for it. A future where fiat isn't a thing anymore and all transactions are being done through phones. Where banks isn't popular anymore and DeFi replaced it.

[anti-dot]

In 2009, the first cryptocurrency -Bitcoin-, officially launched and since then has continued to roll into a snowball effect that poses a serious threat to the existence of conventional finance. As much money as the restless World Central Bank, the government seems helpless and dragged into the vortex of the evolution of the world's financial system. The Covid-19 pandemic has become a catalyst for forcing the entry of all financial and banking industry sectors into the digitalization era. Imagine a concept of a world without physical currency. It is strange, but real. Money will be removed and replaced with a digital currency system.

looks strange indeed if we look at the situation today . Like the impossible. But this could be something that could happen in the future . Needs force everyone to understand technology and the internet. So I don't think anything is impossible in the future. Depends on whether humans are able to develop this much deeper

I don't think that crypto currency is a strange thing to implement in society because it is currently a solution to a centralized economic system that has already worsened the economic condition itself because the Central Bank as the monetary regulator in every country does not carry out its function properly, inflation that occurs continues to increase every year, even though from theory inflation is a sign of the country's growth, but if it is not controlled, let alone supported by large foreign debts, it will cloud their situation, making regulations for  their momentary interest.

Crypto is not here to compete from fiat or the physical money but it's a good alternative when this financial system wherein we are already used is not becoming helpful already. We all know that we are already facing the digital age but seems the government is not ready yet. I think it will only be a matter of time before the government adjust to start having digitalization as the new future for finance system.

And crypto will be a good replacement for the old financial system because it's making the whole system more convenient and eventually more secured compared to our present system wherein transparency is not being seen and i think the government officials are even liking it for their own interest. Sad but it's really happening.

I think the governments right now are a bit desperate about how to move forward with their digital currencies. If they launch those currencies and force people to use them, it also means that if banks charge negative interests or fees, you don't even have a choice but watch your money shrinking because you can't pick it up and put it in a safe at home.
At that point they know they will see a wave of fiat money going into deflationary crypto currencies in particular. What are they going to do then? Everyone would start looking for alternatives, even those who were so far not interested in cryptocurrencies. They face a dilemma right now.