Post
Topic
Board Economics
Re: What will happen if the all countries convert to cryptocurrency?
by
robotrobert
on 06/10/2018, 07:37:29 UTC
Now that more and more countries are starting to go cashless (http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?

For me it’s not a good idea cause we will start facing a lot of cyber criminals who has nothing to do except stealing Bitcoin and cryptos from people wallet. Using cryptocurrency will be another stress cause you will be looking for ways to protect your money after working hard for it. In fact I don’t even need to make too much of an explanation, only a fool would think that using cryptocurrency is a good idea. As for me, I don’t believe that.