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« on: February 07, 2021, 10:47:50 PM »
Why I feel digital money will find it difficult to gain mass adoption (less than 30% of the world population uses cryptocurrencies) is because,most coins have cap and are not very tradable in small units.Who would want to exchange his bitcoin for food,knowing very well that bitcoin is limited in number.Also we need to have a way of dealing with the ever changing price of most cryptocurrencies.Imagine getting paid your salary in bitcoin?.whose price flunctuates daily.If only there was a method to ensure the price of good and services are reflective of the changes in the value of the cryptocurrency used in purchasing them,it would be nice.
Lastly,I feel there should be little evidence to trace a transaction between two people.For instance Mr A sends bitcoin to Mr B,it would aid mass adoption if Mr A can have a receipt or something to signify he indeed sent something to Mr B in case of disputes that may arise.