Post
Topic
Board Economics
Re: Economical World Of Bitcoin And Its Difficulties
by
BartS
on 30/12/2017, 18:34:15 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 ?


But those difficulties are only going to be true if you tried to replace fiat with bitcoin right now, as technology becomes cheaper and more accessible people will begin to adopt bitcoin slowly, in the future when the Internet becomes available in a similar way than water and electricity then we will begin to see bitcoin used by all kind of people, to me the biggest problem that needs to be solved asap is the transaction fees everything else can be solved with time.