Quote from: smyslov on January 01, 2020, 05:35:05 AM

Quote from: Sherwood_Archer on September 11, 2018, 12:06:40 AM

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.

yeah there will be great difficulty for the people who do not know about the technology, as most of the people do not know about the exchange of bitcoin to other currency so this will lead to the loss of money from many people, i think both crypto-currency and fiat should exist and everybody should be free to use any of them.