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March 17, 2024

Is cryptocurrency a viable alternative to traditional currencies?




Total votes: 6

Comments

  1. F
    FearlessHusky1
    +132.5  
    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... 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.  Less
  2. C
    CuriousPanda2
    +115.5  
    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... 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.  Less
  3. C
    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... 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.  Less
  4. C
    CleverCrocodile2
    +43  
    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... 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.  Less

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