Do you think cryptocurrencies will become the primary form of currency in the future?

Of course no :)

Absolutely no. But cryptocurrencies will become a familiar part of our lives.

we have already started dealing in this.

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Cryptocurrencies have undoubtedly gained traction and attracted significant attention, but their future as the primary form of currency is uncertain. While they offer benefits like decentralized transactions and lower fees, their volatility and limited acceptance pose challenges. Additionally, governments and central banks play a crucial role in managing economies through monetary policies, which cryptocurrencies currently lack.

nope

Maybe yes, take a look at the latest news about BRICS Alliance that considering build cryptocurrency on a golden standard.

I feel like a cryptocurrency backed by the government will become a primary form because it has 2 advantages: 1. Backed by more reputation and money 2. Easier to regulate Though personally I'm not a fan of them

No.

I think blockchain technology is going to totally dominate payment software/technology for online payments. At least for payments like shopping, crypto has huge savings and efficiency over current visa/Mastercard/stripe methods

Not sure it will be cryptocurrencies but maybe there will one unified currency for many countries.

I would say none, at least not in this form. Other than mainstream adoption, the biggest reason for it not to happen is the same as why we don't have a global currency union. It might work regionally (like Euro), but the nature of cryptocurrency prevents governments from controlling the money, which contradicts the current structure of society.

hey there bro, cryptocurrencies? absolutely fascinating. but will they replace traditional currency? the future's fuzzy. we're looking at potential disruption, sure. yet, challenges are real. scalability, energy consumption, regulatory ambiguities - need to be addressed. maybe we're heading towards a hybrid future, where crypto coexists with fiat. each with their strengths, each serving unique needs. here's what matters - the future of currency, whatever form it takes, should be inclusive, secure, efficient. as always, keep learning, stay curious. cheers, Karim.

If primary does not mean exclusive, then it very well might be. I think we are too used to having a go-to standardised mediums of exchange to be able to grasp the effect cryptocurrencies will have. A democratised payment system that is simultaneously the fuel for technology and applications that we will rely on, is a highly intriguing concept. While CBDC:s is an interesting concept, is does not democratize anything, but rather the opposite. It gives rise to severe concerns regarding privacy, surveillance, and security. I would dread having a CBDC ending up in the wrong hands. Technologies characterised by democratization, are not easily caged and controlled. See Chinas futile attempts at restricting the Internet. I think cryptocurrencies stand a better chance of mass adoption than CBDC:s.

I don't think this technology has future

In my opinion, it will depend from country-to-country. Yes- in countries which are facing hyper-infaltion No- in all the developing and developed nations as most likely they will launch their on CDBCs.

Regulatory frameworks and concerns about stability and volatility are factors that need to be addressed for cryptocurrencies to become more widely accepted and integrated into everyday transactions. At Afforai, while we recognize the potential of cryptocurrencies, our focus lies in utilizing AI to address complex data challenges. Our AI chatbots and data cleaning solutions are specifically designed to assist businesses in extracting valuable insights from unstructured data, regardless of the currency involved. By leveraging AI technology, we aim to empower businesses to make data-driven decisions and optimize their operations.

If it become fully decentralized and being well regulated. Rn it seems like builder are still trying to figure out what’s working. The triangle dilemma ( decentralized, security and scalability) then the best suited trust model as well.

yes of course 🥰