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March 17, 2024

Is cryptocurrency a viable alternative to traditional currencies?




Total votes: 6

Comments

  1. Ruba Al-baddawi
    90

    Maybe. I’m not really familiar with this topic.

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  2. FearlessHusky1
    117.5

    I do not think cryptocurrency is a viable alternative to traditional currencies, at least not right now. I think the volatility of most cryptocurrencies make them wholly unsuitable for long-term …Read MoreI do not think cryptocurrency is a viable alternative to traditional currencies, at least not right now. I think the volatility of most cryptocurrencies make them wholly unsuitable for long-term market deals and agreements. Read Less

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  3. CuriousPanda2
    97.5

    I think cryptocurrency in its present state is too unpredictable to be a viable alternative to traditional currencies. Much of the population is also unaware of how cryptocurrency functions (myself …Read MoreI think cryptocurrency in its present state is too unpredictable to be a viable alternative to traditional currencies. Much of the population is also unaware of how cryptocurrency functions (myself included) which would severely impact its success as a primary form of exchange. If it was to be more widely incorporated, there would need to be a massive undertaking to educate people on cryptocurrency basics. Read Less

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  4. CheerfulMagpie
    114

    I think that in the future cryptocurrency has the potential to become a viable currency once it is further regulated and better understood. Currently, it is far to volatile. On top of this, many in …Read MoreI think that in the future cryptocurrency has the potential to become a viable currency once it is further regulated and better understood. Currently, it is far to volatile. On top of this, many in the world still do not understand it enough and have a deep distrust of cryptocurrencies. Read Less

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  5. CleverCrocodile2
    40

    I am uncertain if cryptocurrency is a good alternative for traditional currencies in the present because it is still a somewhat new concept that not everyone fully understands. I think it could become …Read MoreI am uncertain if cryptocurrency is a good alternative for traditional currencies in the present because it is still a somewhat new concept that not everyone fully understands. I think it could become a good alternative if people are educated on it. Read Less

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