Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: princessgirl on November 29, 2018, 02:00:57 AM
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The history of trading or exchanging is a very interesting one. Man decided to finally limit the burden of using items like cowries or some special stones to make payment because it was cumbersome - the reason for the paper money. Convenience is what every man seek and because of this, the Blockchain has been created to bring a more convenient and simple way of making payment both online and offline. Cryptocurrency will definitely hit the mainstream adoption some years to come.
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The history of trading or exchanging is a very interesting one. Man decided to finally limit the burden of using items like cowries or some special stones to make payment because it was cumbersome - the reason for the paper money. Convenience is what every man seek and because of this, the Blockchain has been created to bring a more convenient and simple way of making payment both online and offline. Cryptocurrency will definitely hit the mainstream adoption some years to come.
True crypto can bring in many advantages to the world but what is stopping people from adopting it is some governments are hammering crypto, the volatility and scams in the market. Many vendors are not accepting crypto payments which is why we still need paper money for daily living.
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Despite of the fact that market now is down crypto future won't stock on downfall trend. The market will show his potential and growth in the future because the world now is attracted to digital technologies.
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blockchain is innovation for the future. I'm sure the blockchain will be useful in the future. with the blockchain, all transactions will be easier.
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Paper money is practically a receipt of the state that the holder of this banknote owns part of the national wealth of the country in the amount of its face value. This is a very convenient form of payment for goods and services, so paper money will exist as long as states exist.
Cryptocurrency has its advantages and disadvantages. These types of means of payment will exist together, complementing each other. However, fiat will always take advantage of the security of their states.
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when plastic cards appeared, people also could not understand why it was needed, but after a few years, people got used to it and now they cannot imagine life without them, it will be the same with cryptocurrency, it just takes time ;)
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Most people do not know about the blockchain and cryptocurrency, do not imagine the advantages of this technology, so the old habit of using paper. The process of accepting as a full-fledged money will be long and difficult, but of course people will understand that the cryptocurrency for payment is safer and better.
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Because paper money is still needed to make transactions and payments in real life. Because that's the reality that exists today. Not everyone can use crypto currency in the form of transactions, so using paper money is the best choice.
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Many fail to understand that understanding each other with mutual benefit gives way to exchange and creation of money , now we are trying to make it digital but many still find it difficult to understand as every country will use as a unique payment method without rescription in cross border , we still in one way or the other need to use fiat as a mode of converter and value rate.
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Paper money is money that has been used since ancient times. So now paper money is a favorite of many people. And the emergence of crypto as a substitute for paper money. But that effort is not as easy as we imagine. Crypto still needs and depends on fiat money and for now it still cannot work optimally as a digital currency.
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Convenience it the main word here. On the part of cryptocurreny, convenience will also play a major role. Easy to understand and simple to use blockchain-based applications will lead the way towards mass adoption.
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Blockchain is now already become useful for banking sectors. Many countries already implement blockchain technology in banking sectors. We use paper money because it is our national currency, no country still leave their paper money. It is a tradition and easy for all people of that country.
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banknotes will be reduced in my opinion because this has a lot of flexibility and one of them is easy to fake different from crypto which has a special algorithm that will be safe from counterfeiting
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Many people around the globe doesn't know about cryptocurrency especially to those places that lack of technology that's why we need to use paper money.
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the development of cryptocurrency which is getting better makes many people interested in learning it. there are even many people who are successful in it because they can manage their crypto well. if we can use it well then I think we will also get the benefits.