Quote from: brenzosa on October 29, 2018, 12:46:38 PM

Quote from: udana123 on July 03, 2018, 04:55:14 PM

This thing came up to my mind suddenly. As I know a currency is a transaction medium that majority of the people agree to use to exchange their items with them. If it is the case, if majority refused to use crypto currencies, what will be the consequences may occur ? And how it will affect to the ICOs ? Any Ideas?

If majority refuse to use cryptocurrency, then crypto prices will not rise much. But this refusal will just defer the acceptance of crypto. The day will come where all people will eventually use crypto whether they like it or not.

You can not get people to use cryptocurrency. Cryptocurrency will always be voluntary. In our world there will always be cash and non-cash forms of payment, a cryptocurrency can only be an addition to these currencies.

If people completely abandon the use of cryptocurrency, then it will simply cease to exist. It will not cost anything. The value of cryptocurrency arises only when it is in demand. However, the disappearance of cryptocurrency is unlikely.