Quote from: nidacoinlove on January 07, 2018, 06:39:59 AM

Quote from: Kotone on January 04, 2018, 04:40:43 AM

Quote from: bitcoinblog on December 18, 2017, 04:49:58 PM

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 ?

I think that the major problem for this would be that bitcoin runs on the internet and for some cou tries that do not have neccessarily the function to carry this over to their whole nation would not have the full efficiency of using this cryptocurrency

Well this may even not be the real problem, let suppose the internet is on boom in each and every part of the world and cryptocurrency is leagalized all over the world too.
What government will do is that they will collect tax on every crypto transaction, are the users here ready to pay these taxes? The truth is a majority of bitcoin users adopted it because it is decentralized. Governments will drag it to a centralised pattern I think more than 80% of BTC users will not like it to be a centralised currency.
Secondly bitcoin transaction fee and confirmation time is too ridiculous to be used on the spot.
Honestly speaking implementation of crypto could only be a day dreaming. Crypto physically is not capable to be used as streamline currency. It could only be used as a secondary currency.

Not only on 80% but I do believe its on 95% which most people would really tend not like for bitcoin to be legalized since if it does then decentralization would be somehow affected but not fully. By means of taxation people can able to evade as they like know bitcoin can make up anonymous transactions. This is why most government wont really like to adopt it on their vicinity because of these such things. Regarding on the recent situation on where fees are ridiculously high and long confirmation times I don't really see that it can be considered to be mainstream.