Post
Topic
Board Economics
Re: Economical World Of Bitcoin And Its Difficulties
by
filharvey
on 30/12/2017, 14:42:17 UTC
From many months i am thinking about what if " we remove fiat system , and change things into crypto " .. What are the main difficulties we will face ?

1. Internet every where is not yet done.
2. Awareness with Crypto ( but its not a big thing, as most are aware of how to use currency. )
3. Bitcoin is only 21,000,000 and world population is more. ( This can fix by other altcoins same like USD/RUB/CNY etc )

What other difficulties we can face ?


The major drawback nowadays is the very high transaction fee which has almost made bitcoin unusable for micro transactions.The other drawback is that it has not been widely legalized by world countries which creates an uncertainty in the bitcoin world.