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.
You are right but right now, it is not easy to unite most of the governments to adapt and educate people about crypto currencies. This kind of scenario will happen slowly, it will start from one government to fully adapt and start to educate people about crypto currencies then they will start to clear the hurdles on how the uneducated persons together with the very poor people can start to use it in their daily lives.
And once the other government will start to follow the footsteps of the first government to fully adapt crypto currencies then it is the start that crypto currencies future will come into realistic.