Quote from: macson on August 19, 2023, 06:51:39 PM

Quote from: Chukwudumaga on August 19, 2023, 04:34:12 PM

snip

Will you agree with the thought that cryptocurrency is going to make a significant contribution to the economy of every country in the world ?

of course i agree with this, the presence of cryptocurrency really makes the world economy change drastically because the role of banks will be replaced and all transactions become transparent, just imagine we can send large amounts of money across countries in an instant without the need for complicated questions from third parties such as banks. but laws and regulations on cryptocurrencies in various countries are still different, this is what causes the adoption of cryptocurrencies to be a little hampered, because there are many interests that are protected and also damaged by the presence of cryptocurrencies.

There is no denying that if cryptocurrency is widely accepted and allowed to be used, it will have a dramatic impact on the monetary system as well as the economy today. But do you think the government will let that happen? I mean, will the government let cryptocurrencies replace the role of banks? While we all know that banks are the trump card of the government, so they control the economy as well as control us. If they accept bitcoin as a currency, as a means of payment, won't banks be eliminated altogether? So I don't think that's going to happen anytime soon.