Cryptocurrency emergence; Has it done more harm than good?

[Kennysplash]

Cryptocurrency is a digital currency that has been available for over a decade. It offers people a worldwide alternative mode of payment apart from the Fiat or local currencies. Ever since the first inception of the first cryptocurrency which is Bitcoin in 2009, the world has seen hundreds more cryptocurrencies emerge. But what has been its effects on the world in general?
Many people have actually become rich through cryptocurrency. Some invest in it, some trade it and this has benefited a lot of people.
Also cryptocurrencies offer an alternative mode of payment for products and services rendered throughout the world.
Furthermore, it offers absolute anonymity you can never figure out who owns a cryptocurrency wallet by the address.
I think it's only disadvantages are market fluctuations and no security in case of loss. But still if you weigh these advantages and disadvantages we will see that cryptocurrencies has certainly done more good than harm.

 

[Donkiz]

Cryptocurrency have done lots of good since it's inception till date, many people have become reach through their investment in cryptocurrency. Many small businesses have been able to do business without government interference and heavy taxes with the help of cryptocurrency.

Cryptocurrency have also created employment opportunities to many people and have also assisted in the emergence of many online businesses. So cryptocurrency have done lots of good since it's inception and have opened lots of platforms for businesses to thrive on.

 

[Thosynho]

Cryptocurrency is a digital currency that has been available for over a decade. It offers people a worldwide alternative mode of payment apart from the Fiat or local currencies. Ever since the first inception of the first cryptocurrency which is Bitcoin in 2009, the world has seen hundreds more cryptocurrencies emerge. But what has been its effects on the world in general?
Many people have actually become rich through cryptocurrency. Some invest in it, some trade it and this has benefited a lot of people.
Also cryptocurrencies offer an alternative mode of payment for products and services rendered throughout the world.
Furthermore, it offers absolute anonymity you can never figure out who owns a cryptocurrency wallet by the address.
I think it's only disadvantages are market fluctuations and no security in case of loss. But still if you weigh these advantages and disadvantages we will see that cryptocurrencies has certainly done more good than harm.

Everything created or invented has it's good and bad sides however if its good side out weighed the side effects then it's worth embracing. In my opinion, the good of crypto currency is far better and introduction of it is timely. This is because the world has become digital and every country is embracing cashless economy/policy.

 

[Jonaville]

The emergence of cryptocurrency has actually done the human Society a good thing. but that is not to say that it does not have its own disadvantages. One major disadvantage of cryptocurrencies is their volatility. This means that it can either rise in value or fall at any given time, and for those who invest in cryptocurrency, this can actually mean a bad thing. However, in general cryptocurrencies has done more good than harm because it offers a wider alternative of payment methods to humans all around the globe, not to mention if cryptocurrency values actually rise, it will be a major gain for the investors.

 

[Josemendez]

To me , the coming of cryptocurrency has actually done more good than harm .

Yes , one can say that Cryptocurrency has been a medium used by many thieves and scammers to carry out fraudulent activities , but then presently a lot of security measures has helped in tracking these fraudulent activities.

Many people have been able to make a living from cryptocurrency. It has given the world a general form of Currency ,that has avail many people the opportunity to buy a particular product at the same price worldwide .

 

[Chibson]

Cryptocurrency have done both good and bad. Some of those who invested in Bitcoin and some other cryptocurrencies like Ethereum and litecoin some years back are now millionaires. Cryptocurrency also offers anonymity and decentralism.
The success of Bitcoin and Ethereum had brought about the emergency of thousands of other cryptos that either made some rich or wretched some. Cryptocurrency also offers easy mode of payment without involvement of third party.
I definitely see cryptocurrency ruling the future.
The downside is, there's no way to recover your money in case of scam.