Post
Topic
Board Economics
Re: What will happen if the all countries convert to cryptocurrency?
by
smyslov
on 01/01/2020, 05:35:05 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?


It will be good if majority or all of the countries convert to Cryptocurrency, but there will be disadvantages, like how about those places who are remote and do not have an internet connection, and there are people in this world who are hard to understand this technology are not using internet, fiat should still exist but if we are going to go all out, these circumstances should be considered and address.