I am just wondering would it be possible in the future for the world to run solely on cryptocurrency? Considering that right now there are many people from different walks of life who are using cryptocurrencies in their day to day life.
No! A single crypto can't be scaled at global level! At least we don't have any such strong crypto in the market till date! So a decentralized cryptocurrency owned by no-one, will never become a mainstream global currency! Let's be realistic, please!
I think right now one of the main limiting factors for world-wide cryptocurrency usage is the worlds governments who make restrictions on cryptocurrency usage. Moreover, I also think another factor in limiting cryptocurrency usage is a lot of peoples lack of understanding of cryptocurrencies as it is a rather new technology to most people.
Governments regulation around cryptos is the main bottleneck for crypto's adoption! Education may have its own effect, but definitely not the major one!
I think that we can solve most of these problems by educating people about cryptocurrencies and debunking what the mainstream media have done to slander cryptocurrencies.
I honestly think that if these issues a solved then we will probably have more people to use cryptocurrencies worldwide.
I don't really think so! The reason is already given above! Education is definitely required but it will not increase the adoption of cryptos! The only way to fuel adoption is to set up regulatory frameworks around cryptos. But that's not something we can do!
