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.
Aside from educating those people who don't have a proper knowledge of crypto currencies there is still other issues that are need to be fix. Like the full use of crypto currencies even if we have no electricity or internet connections because not all the time we have this resources.
If we can fully solve all the hurdles then we are ready for the digital payment system and we can abandoned the fiat system anytime. But all will always depend to the government we are in as not all the countries have the same thinking so we can expect that there are others who are willing to accept the changes and there are others who are not.