Post
Topic
Board Bitcoin Discussion
Re: Is digital currency powerful?
by
Dr.Osh
on 08/10/2023, 05:50:52 UTC
Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !
Well, I also agree that digital currencies are a very good technological development, especially crypto. However, like basically any product, if there are advantages, there will also be disadvantages. Even though I also think that this could be a very good alternative, and could dominate in the future, however, digital currencies still have shortcomings. In fact, because most cryptocurrencies are not centralized coins, they do not have any guarantee from the government. Apart from that, it is not 100% safe from robbery, there are many hackers out there who have managed to steal a lot of money, and there is no guarantee for that. We may have full control, but if the government has given orders that it is illegal, then there will be some consequences if we continue to use it. However, this is a very extraordinary technological development, but it still has some shortcomings like other products.