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?

The world is truly becoming more cashless and digital. However, this does not mean at all that states can switch to the use of cryptocurrency. No state will ever allow this, and there are serious reasons for this. A cashless society is only possible in ordinary currency and a digitized national stable coin. Cryptocurrency will be able to occupy a certain niche in the financial sector only along with the circulation of the usual currency of states. It can also interact with the currency of states in various forms, and this process is inevitable and has just begun to develop.