Quote from: Natalim on August 20, 2021, 07:32:13 PM

Quote from: oHnK on August 20, 2021, 04:58:03 PM

Quote from: suryana on August 20, 2021, 11:19:44 AM

Quote from: Baihaki Khaizan on August 11, 2021, 03:53:23 AM

In 2009, the first cryptocurrency -Bitcoin-, officially launched and since then has continued to roll into a snowball effect that poses a serious threat to the existence of conventional finance. As much money as the restless World Central Bank, the government seems helpless and dragged into the vortex of the evolution of the world's financial system. The Covid-19 pandemic has become a catalyst for forcing the entry of all financial and banking industry sectors into the digitalization era. Imagine a concept of a world without physical currency. It is strange, but real. Money will be removed and replaced with a digital currency system.

looks strange indeed if we look at the situation today . Like the impossible. But this could be something that could happen in the future . Needs force everyone to understand technology and the internet. So I don't think anything is impossible in the future. Depends on whether humans are able to develop this much deeper

I don't think that crypto currency is a strange thing to implement in society because it is currently a solution to a centralized economic system that has already worsened the economic condition itself because the Central Bank as the monetary regulator in every country does not carry out its function properly, inflation that occurs continues to increase every year, even though from theory inflation is a sign of the country's growth, but if it is not controlled, let alone supported by large foreign debts, it will cloud their situation, making regulations for their momentary interest.

Crypto is not here to compete from fiat or the physical money but it's a good alternative when this financial system wherein we are already used is not becoming helpful already. We all know that we are already facing the digital age but seems the government is not ready yet. I think it will only be a matter of time before the government adjust to start having digitalization as the new future for finance system.

And crypto will be a good replacement for the old financial system because it's making the whole system more convenient and eventually more secured compared to our present system wherein transparency is not being seen and i think the government officials are even liking it for their own interest. Sad but it's really happening.

I think the governments right now are a bit desperate about how to move forward with their digital currencies. If they launch those currencies and force people to use them, it also means that if banks charge negative interests or fees, you don't even have a choice but watch your money shrinking because you can't pick it up and put it in a safe at home.
At that point they know they will see a wave of fiat money going into deflationary crypto currencies in particular. What are they going to do then? Everyone would start looking for alternatives, even those who were so far not interested in cryptocurrencies. They face a dilemma right now.