Quote from: omfg.xekcep on September 22, 2018, 06:47:54 PM

Quote from: Findingnemo on September 16, 2018, 04:22:24 PM

In the old age,few centuries ago people uses some money system which is called Barter system to buy and sell their products.This system works like exchanging their products between two people when they are in need but they realized that that system has flaws and not suitable for everyone since if there is no demand for one's product he can't buy anything he needs so later they moved to currencies (paper money) until now people uses this as their main form of payment but in digital format but people needs to understand that this also has flaw of centralization so we need to move to the decentralized money for better life.Lets get update ourselves to use the crypto currencies.

I think you need to read a book about how an economy works. Let us take, for example, dollar. Dollar is printed and issued by FED and the economy of US is the support of dollar I mean GDP. What kind the support do Bitcoin have? In addition to the total quantity of Bitcoins is limited and the limit wll be reached very soon (in next several years) but as we know the world economy (as well as an economy of any country) need to have new money for evolving. What is your suggestion how to solve this trouble?
I consider that Bitcoin is an especial asset which is convenient for solving some part of tasks but Bitcoin is not suitable to substitute dollar or any other currency. Bitcoin is an excellent asset for making fast transactions, investing purposes and so forth but Bitcoin is not suitable for holding savings and using as a country currency because of many reasons (high volatility, limitedness).

I know how this centralized economy works and in recent days I got many research about how the currency getting printed and much so on.Of course the USD is being printed by FED but it is used by all their citizen but did you wonder why we are using a printed paper as money by someone other than your country?That is why we want the decentralization to be adopted.

We have only bitcoins? there were lot of other crypto currencies are also available which can be substitute for all the paper money in the world.