Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[AudraMiller]

There are many people that are new to cryptocurrency that ask me if i think that crypto will ever become a physical currency and if it will be able to exist as a coin or so forth to pay for items. In my opinion, this can never happen because the value of some coins are very large and you would not be able to pay for items with less than a single coin. Therefore i think that it would be impractical to turn this digital currency into a physical one. What are your thoughts on this?

 

[SCAMEXPOSER]

Cryptocurrency are digital assets so if they must remain digital they can't be physical and I am not seeing them to be physical because the world is going towards cashless economy

 

[AudraMiller]

Cryptocurrency are digital assets so if they must remain digital they can't be physical and I am not seeing them to be physical because the world is going towards cashless economy

I think I cashless economy is much safer because then it reduces the chance of you being robbed, because especially since the crime rate has been increasing at a significant rate globally. I think people just prefer a physical currency in some senses because it is easier to use especially if you are not very good with technology.

 

[SCAMEXPOSER]

That is what I see that cryptocurrency stand for and to remove the body of a necessary bank charges and control over our
Wealth thereby making cryptocurrency decentralized.

 

[AudraMiller]

That is what I see that cryptocurrency stand for and to remove the body of a necessary bank charges and control over our
Wealth thereby making cryptocurrency decentralized.

It is good that it removes the control on these currencies, however this lack of control is the exact same thing that is preventing the currency from being adopted by the necessary governments, and this can be quite dangerous as well.

 

[SCAMEXPOSER]

Personally I don't think it is even compulsory for government to adopt it it is it should be made to allow to run or is it on it own people who are interested in it should trade it on their own risk.

 

[Kennysplash]

This is not feasible, the best is for cryptocurrency to continue being a digital currency. There is no way it can be converted to physical coins and be spent, it will lose its woke purpose as a digital currency.

 

[sh199]

Crypto is a digital currency and no company or institute cant control it. It goes with its flow. So, there is no change to crypto becomes a physical currency.

 

[kaycee001]

Crypto is a digital currency which is very easy to trade with. So it's better if it remains digital but the should be strict control and proper monitoring of the market.it can't be considered as physical currency because the world is going digital and cashless already.

 

[Josemendez]

There are many people that are new to cryptocurrency that ask me if i think that crypto will ever become a physical currency and if it will be able to exist as a coin or so forth to pay for items. In my opinion, this can never happen because the value of some coins are very large and you would not be able to pay for items with less than a single coin. Therefore i think that it would be impractical to turn this digital currency into a physical one. What are your thoughts on this?

I think this is what is done through developing of digital version of the country's Fiat Currency. Cryptocurrency will remain cryptocurrency

 

[BullyMaguire]

No.. it should remain as it is today.. digital that's the point of making it anyway.. if it goes physical then what's the difference between that and fiat

 

[AudraMiller]

No.. it should remain as it is today.. digital that's the point of making it anyway.. if it goes physical then what's the difference between that and fiat

You are correct. And there would be no difference at all. this digital currency allows us to go beyond the physical limitations of fiat currency and transact on a larger scale.

 

[Josemendez]

You are correct. And there would be no difference at all. this digital currency allows us to go beyond the physical limitations of fiat currency and transact on a larger scale.

It has given equal opportunity to people from all spheres of the world . Both low tier and too tier have one currency and one strength

 

[AudraMiller]

It has given equal opportunity to people from all spheres of the world . Both low tier and too tier have one currency and one strength

Yes, however i think that the concern for some in cryptocurrency is that those on the upper tier can manipulate a decentralized market and this can result in those in the low tier being disadvantaged.

 

[Wisdom01]

I dont think its possible to turn it to a digital one , because on what mode will it be and since its decentralised who would start the creation and measure the supply and others

 

[Josemendez]

Yes, however i think that the concern for some in cryptocurrency is that those on the upper tier can manipulate a decentralized market and this can result in those in the low tier being disadvantaged.

I think it is not really the case. The market can only be manipulated by whales and anybody can be a whale so that's not just for top tier countries

 

[Rollerkid]

Crypto currencies are digital assets which are not backed by the government. Considering crypto currencies to be in the form of physical notes and coins has high chance of impossibility. However, in the future crypto currencies might be physical but I don't think it will be safe.
Crypto currencies are much safer in the form of digital in terms of storage, security, etc. Vulnerable crypto currencies like Bitcoin and ethereum can be stolen easily if they were physical and this would be a challenge for the crypto community.

 

[Styleplus]

Cryptocurrency becoming a physical coin will kill it's decentralization and also result in discrepancy oweing to the fact that all nation is entitled to their own currency, which country will claim responsibility for crypto coins,this are logical questions that should be ask if cryptocurrency will one day become a physical coin.

 

[dorcasy]

I am the kind of person that love trying something to see the outcome and yes I would love to see cryptocurrency becoming a physical coin.
It will bring to rivalry between the foreign currency and crypto coin especially when the former begins to depreciate in value.
This can also be the opposite until we give it a trial.

 

[AudraMiller]

Crypto currencies are digital assets which are not backed by the government. Considering crypto currencies to be in the form of physical notes and coins has high chance of impossibility. However, in the future crypto currencies might be physical but I don't think it will be safe.
Crypto currencies are much safer in the form of digital in terms of storage, security, etc. Vulnerable crypto currencies like Bitcoin and ethereum can be stolen easily if they were physical and this would be a challenge for the crypto community.

I also think that i is highly unlikely that they will be able to make bitcoin into some sort of physical form becausee if you look at payments that are being made at the best case you use a portion of bitcoin and therefore it was a physical coin then you will not be able to make this as well.