Quote from: Bebop09 on January 05, 2018, 05:19:49 AM

Did Virtual currencies can affect to Local currencies?
How come did local currencies benefited to virtual currency?

For me Virtual currencies are very helpful to people now a days especially to online world. We can easily pay online when we buy clothing, furniture, gadgets and even online gaming by using virtual terminal.
How can local currencies benefited to cryptocurrencies? By using cryptocurrencies to buy anything online the local benefited it by doing the exchange. Now a days many people do online payments using cryptocurrencies so instead using local currencies, they do exchange the local currencies to virtual currencies for easy process.
Cryptocurrencies are very helpful to people now a days.

There's been a lot of companies dropping Bitcoin because of the transaction fees and the clogging of the network right now, along with the volatility of the market making it so companies might not get the amount they requested for the transaction initially, in fiat value. Steam stopped accepting it and I don't know if it has started to accept Bitcoin again since the drop in value. Considering that the mempool is being filled again (and we were on such a good streak to clearing it completely!) most companies likely won't be looking at Bitcoin again for a little bit of time.

We need to start to clear the mempool, meaning less transactions, so that companies will stop associating Bitcoin with $25 transaction fees and slow confirmation times. But I can't convince people to do that.