Is digital currency powerful?

[crypticj]

Well, digital currency is the future that can allow you to be free and not use banks. Moreover, currencies like BTC can't be printed and manipulated so government can't use them to make people poor.

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[Darker45]

In this age of internet, transactions are done online and across the globe. That includes payments. The global E-Commerce market is in the trillions of US dollars. The growth is fast. It is expected to grow even bigger in the coming years. That countries have their own local currencies is a bit of a hindrance. There is a need for a native internet money.

Moreover, even in physical stores and shops and markets, payments are made online. This is how powerful a digital currency could be.

And when it comes to the best digital currency out there, nothing comes close to Bitcoin. Indeed, it's the only digital currency that you can fully own and control.

[wxa7115]

Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !

Which is exactly why governments do not like them, governments are the ones in complete control with fiat currencies and they simply thought this was going to be the case forever, as if someone tried to created a centralized currency independent from the ones they print, they will simply crush it and get the people behind it in jail.

But then Satoshi found a way to do this anyway with the creation of a decentralized cryptocurrency, and since then governments have been baffled about what to do with bitcoin.

[bitterguy28]

Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government,
It cannot interfered by government but they can implement Banning so meaning they are still have power against us or bitcoin if they strict the reulations.

there is no interference if the crypto is allowed in that country , but what if there is a banning ? then what could be the situation?

no one can rob it or counterfeit it.

It can be robbed mate if you are careless in using your gadget , because hackers and cheaters are always there to get your precious coins.

 You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !

Use it globally ? wrong there are countries that you are not allowed to use it so best to learn crypto deeply mate.

[Rupok]

of course Digital currency is powerful I think so, digital currency is very powerful in terms of regulation. As governors are unable to control it, it is not recognized in other countries.Governments have tried many times to ban cryptocurrency but cryptocurrency is so powerful that no one can ban it.There are very few countries that have legalized Bitcoin currency. But cryptocurrency is widespread across the country due to which digital currencies like Bitcoin and Ethereum, BNB are revolutionizing the global financial system. Bitcoin is a decentralized currency that they cannot control.

[Kakmakr]

Well, this does not apply to all digital currencies....

Some digital currencies are "centralized" and it can be controlled by governments. Even some tokens have some well known developers that can be targeted by governments.

This is what is so unique about Bitcoin, because the original developer cannot be traced... so he/she or they cannot be targeted by governments. It is also decentralized, so it is not easy to shut it down....

All other centralized digital currencies can be forced to close down, because you have a central point of failure. 

[danskgraes]

Well, while digital currencies offer certain advantages, let's not forget the volatility and unpredictable nature of the crypto market. One day you're soaring high, the next day you're plummeting to the ground. It's like riding a rollercoaster blindfolded. So, powerful? Maybe. Risky? Definitely.

[landheer]

In my opinion, digital currency or not, of course, has its positive and negative sides,
In my opinion, a digital currency like bitcoin also has positives and negatives, for example, suddenly the internet connection goes down, of course it will make transactions difficult because there is no internet connection.

so I personally prefer regular currency because regular currency is more practical and easy to use.

[TheUltraElite]

Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !

The governments are not always lenient towards crypto - this might be a deterrent to your determination. You cannot be completely using crypto to live and you will have to keep first in working condition to run your life and it's payments. It does feel good to be able to spend your crypto like this for daily necessities but things are not fully streamlined for such. But we should strive for this and hope that our next generations get better and improved access to crypto and it's easy transactions.

But all this applies to bitcoin and not altcoins.

[GreatArkansas]

You will realize how digital currency powerful once you already using it, you will see a huge gap when using it, the way we view and handle money could be completely altered by it.
But even with how powerful it is, there will be always a downside of it just like other things, like security, regulation, or volatility.
But I believe that it will continue to develop and grow, so these challenges in the future will be managed.

[YUriy1991]

In general it is true and one thing that is unique is that there is no interference from the government. This uniqueness allows users to transact globally and quickly grow their business on an international level. But, however where there is more power there must be a shortage. Digital currencies also have downsides to consider. Firstly, volatility. Exchange rates can fluctuate drastically over time, security and privacy issues are also a concern and the last reliance on internet access can be a barrier to the widespread adoption of digital currencies in some regions.

[Bazzu]

of course there are always governments that do not allow their citizens to make payment transactions using digital currency, and of course the government also has reasons for that.

and in my opinion what is suitable to be called a digital currency is bitcoin, because altcoins are very high risk.
because in my opinion at this time it is impossible that everyone will use
btc as a digital currency because of course not everyone has a mobile phone and so on.
so transactions using ordinary currency in my opinion are easier because of course everyone can hold fiat currency. but of course we won't know for the future.

[Hamza2424]

Not every digital currency is powerful, and it's very clear now that these days electronic cash is also digital currency and Shitcoins also come under the same category. So What I am trying to say is almost everything is digital and except for a few nothing is reliable in my view Bitcoin is the most Strongest digital currency and Asset.
Others are just tempered ones and Shitcoins so those are not reliable for the Investment and Holding purpose to obtain good and profitable results. So my recommendation to OP is Going with BTC is safe.

[drwhobox]

Digital currency is so powerful that you don't need anyones approval to use it. You don't need to verify your documents, share your personal information and still you can use it better than fiat. To create a bank account you need documents and you have to be at a legal age to operate your own bank account but with bitcoin and digital currency, anyone at any age can make transactions.

[livingfree]

Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !

While most of those that you've mentioned are good. Generalizing digital currencies and telling them that you can control your own coin there is something that everyone must understand.

If it's the digital currency made by the government, you'll have no control on it but only them. If you've got cryptos, you also have no control over them but the way you spend both of it, that's where you get to control those.

There's still some misunderstanding that when someone says digital currencies, it's either fiat made into digital or simply said as crypto.

[The Cryptovator]

Digital currency possesses great potential when utilized effectively, but its successful utilization is not as straightforward as one might assume. When running a business, adherence to centralized government regulations becomes a necessity. Accepting cryptocurrency payments is not a simple task unless it is supported by the government. The true freedom that crypto offers is realized when we have complete control over it. Expanding a business with cryptocurrency requires careful consideration of numerous factors. Consequently, even large enterprises may refrain from accepting crypto due to various reasons.

[usekevin]

Digital currency was more powerful one as compared to normal fiat.The Zimbabwe had implemented one scheme based on the digital currencies.It’s gold backed digital currencies.It allow the user to exchange the money for holding tokens.It’s the electronic money,the gold which is equivalent amount of gold was backed in the Zimbabwean bank.So you can exchange your token to Zimbabwean dollar at any time.It will save our exchange value of holding dollars by holding tokens.Then convert on your demand to dollars.

[pawel7777]

Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !

Literally none of that is true, maybe except the counterfeit part. What do you mean by controlling your own coins? If you control your private keys, then it somewhat protects you from getting defrauded or from having it seized, but you don't have any control over Bitcoin (or other crypto) network.
We witness government interference all the time, crypto can get banned or get regulated just like anything else. It can also get stolen from you, which happens to even very tech-savvy people (see Luke Jr, Bitcoin core developer, who got almost all his bitcoins stolen from him). Can you name one business that expanded globally by actually using crypto (excluding exchanges and alike)?

[goldkingcoiner]

Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !

No interference? The governments are doing all they can to slow down Bitcoin adoption, on behalf of the banks, of course... A money that does not require a third party to store and secure it? Thats unacceptable to them. The government wants to control our money and the banks want demand arbitrary fees for holding on to our money. This old system needs to be overhauled.

And blockchain is an unstoppable, unregulatable and unchained technology. Ironically named Blockchain

[robattfield]

Of course, it is strong because it is behind and has been developed and improved much more than previous generations. You should use them to get a better feel for this. While it is true that these novelties really give us new concepts, they still have many downsides, such as security, regulation, and volatility, which will be addressed to some extent. There is therefore a need for technological advancements, regulatory frameworks, and increased awareness and understanding of cryptocurrencies that can contribute to mitigating these challenges and help overcome these obstacles and exploit the potential benefits of digital currency.