Most of the people consider cryptos only a thing on which speculating amount can be invested. And they are right so far because crypto currencies still could not present themselves as the replacement of fiat currencies.
Most of the people consider cryptos only a thing on which speculating amount can be invested. And they are right so far because crypto currencies still could not present themselves as the replacement of fiat currencies.
I don't think it will be long though! I think soon cryptos will replace fiat. I was recently looking at an online payment processor that allows you to accept payments for your products in Bitcoin and with Appics you will be able to use your coins to pay for goods. So, it is happening quite fast in my humble opinion :)
Crytpcurrencies have some flaws and without addressing those issues, it is not possible for cryptos to replace fiat currencies. I wrote some articles on this matter which I posted on steemit. Below are some links of my posts in which I tried to analyse the matter.
https://steemit.com/cryptocurrency/@akdx/why-various-counties-are-turning-hostile-to-cryptocurrencies https://steemit.com/economy/@akdx/effects-and-impacts-of-a-government-owned-central-digital-cryptocurrency-cdc
However, this song is very nice! Thank you for this nice song.