I am just wondering would it be possible in the future for the world to run solely on cryptocurrency? Considering that right now there are many people from different walks of life who are using cryptocurrencies in their day to day life. I think right now one of the main limiting factors for world-wide cryptocurrency usage is the worlds governments who make restrictions on cryptocurrency usage. Moreover, I also think another factor in limiting cryptocurrency usage is a lot of peoples lack of understanding of cryptocurrencies as it is a rather new technology to most people.
I think that we can solve most of these problems by educating people about cryptocurrencies and debunking what the mainstream media have done to slander cryptocurrencies.
I honestly think that if these issues a solved then we will probably have more people to use cryptocurrencies worldwide.
What would do you guys think, Im just speaking (posting) my thoughts over here. Feel free to correct me if I am wrong. I just rather optimistic about the future of cryptocurrency usage in the future.
First thing that will create barrier in realizing this dream is lack of government support because of different views of many people about the cryptocurrency, so if we don't get government support fully, it may become very impossible for us to have implementation which will assist everyone who are interested to use cryptocurrency to use it freely.
One more thing that I think will really not help the cryptocurrency usage worldwide to be achieved is because of the knowledge of cryptocurrency usage that will be impossible for some people to have no matter how much you try and a result of lack of literacy. You may have been living in an advanced country where you have virtually everyone there being able to read, write and speak English, but we have lots of illiterate in my country that it will take 10 decades for them to understand and be able to use cryptocurrency.