If and when cryptocurrency and/or bitcoin becomes the official currency of the world, do you think there will be a downside to it? If so, what do you think the negative effect will be once cryptocurrency becomes a worldwide currency?
It would be a disadvantage to the people who have no proper access to internet connection because they wouldn't be able to full benefit from the technology itself. There would be no problem with those countries wherein they can fully utilized the capacity but it would be a disadvantage for those countries who have limited access.
The network would become slow because more people are gonna use it so they need to find ways for the transaction to be fast. Other than that, it would be easier for the people to send/receive money which is a convenience.