MY ENTRY TO "THE FUTURE OF CRYPTO", W6E3 CONTEST IN HIVE LEARNERS | By @deimage
Hello Hive Learners, how are you guys today ?, I hope everyone good and enjoy this Thursday. And still exciting to following w6e3 Contest in Hive learners.
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Week 6 is almost over and it was very exciting. The discussion about Cryptocurrency is indeed endless and very interesting. Many have given their opinion about Cryptocurrencies and it is a very interesting thing to listen to. Many people have different opinions about Cryptocurrency because Cryptocurrency itself is a very flexible thing, so everyone can use it according to their needs.
In the discussion of the 3rd edition in this 5th week, I will discuss the topic "The Future of Crypto", in which here I have to give my views on Cryptocurrency in the future and if Real Money is replaced with Cryptocurrency. Because we know that Cryptocurrency is an investment and also a development in the field of currency in the future.
So, let's see my opinion on this one.
Cryptocurrency is a virtual currency that is currently being used for those who are actually working in virtual media. Cryptocurrency, has indeed become a very convincing breakthrough for those of us who know the benefits and uses of this cryptocurrency itself. Cryptocurrency is also a flexible currency and because of that Cryptocurrency is considered as something that will be the successor of currency in the future.
Cryptocurrency is predicted to be the real currency that we use today, and for those of us who are used to making transactions using Cryptocurrencies, this is certainly the best thing we get. For those who are not at all familiar with Cryptocurrency, of course it is something new and needs an in-depth introduction for them. In my opinion, Cryptocurrency would be a good thing if it was a substitute for the currency we are using now, but of course it requires a very long process and all countries must agree to this in order to allow Cryptocurrencies to be traded not only domestically. As we know, the currency we use today is the most recognized currency, and the legal medium of exchange after the era of exchanging goods to meet needs. Money has become a solid symbol that makes it highly glorified and glorified, and the currency of a country will also symbolize the state and economy of the country from the value of its currency. The currency of a country also needs legal recognition from the world so that it can be used anywhere and is legal, for this I don't think Cryptocurrency needs it because Cryptocurrency does not represent any country when viewed from its nature.
The currency that we use today is certainly very influential on the stock exchange and also has a price that changes like Cryptocurrency, therefore, the transition from real currency to Cryptocurrency is a very difficult process to do.
In essence, the transition period is a period that will be very difficult if the current currency change to Cryptocurency actually occurs. Of course we cannot exchange all the assets we have into Crypto directly, there are rules that will be carried out by the parties concerned so that there is no crisis in this transition period. Of course, the transition period is a long time in which various changes in the world's financial system occur which cause some functions to be abolished and also create new functions for this Cryptocurrency system to be implemented. The application of Cryptocurrency systems in various countries cannot be done in one day, at least it will take several years for this process to run normally. During this transition period, there will also be many errors and errors that may occur in the software due to the device causing the transition process to be hampered. Regarding the alignment of a country's currency against Cryptocurrencies, it is also something that must be considered. We cannot harmonize a country's currency value against Cryptocurrencies because of course there are previous differences. Cryptocurrencies also need a place to convert and this makes a lot of software prioritize conversion capabilities over anything else. These changes will be more difficult to apply to all users with various backgrounds with knowledge of Cryptocurrencies.
I myself do not know whether this change will have a positive or negative impact on the world's financial system and various transactions. This process of change also has various impacts on human life, where every human life will have an effect and has something to do with money and this is something very basic. I think that converting real currency to Cryptocurrency has certain advantages in terms of flexibility, convenience, as well as security. Utilization of software can also be done optimally, it will certainly encourage humans to a more modern era with various advantages. Cryptocurrency will also encourage software providers to be better and safer for transaction activities, this of course requires a lot of IT personnel who will work to meet the needs of software so that it can adapt to Cryptocurrency transactions. Cryptocurrency will also change everything in the world, because changing currency is changing everything in this world. The transactions that we use later will also change, there will be no more paper money or coins, only online transactions and therefore all providers of goods and services will conduct transactions online and use different devices than usual. And small traders who do not have adequate tools for Cryptocurrency transactions will certainly be left behind.
For me the overall change will cause imbalance in various aspects, therefore dual currency will make the process easier even though dual currency is something that is a little confusing, but in practice it will make more sense than changing everything to Cryptocurrency.
Those are some explanations for me about Cryptocurrency changes, I hope this Cryptocurrency will be something positive later and of course provide various benefits. I hope my explanation this time provides a good view for you.
Thank you, and see you in another post.
Special Thanks :
@hive-learners
@bruno-kemaI'd like to invite my friends to following this contest :
