Your impressions and experiences (Digital Currencies As Payment Instruments for Future Transactions) #Club5050

Good evening all friends in the steem entrepreneur community. Best regards also to the contest makers and the whole team in this community.

We know that digital currency is the currency of the future. especially if we look at the increasingly rapid development, now many world governments have started to open their eyes to digital currencies.

If we take a closer look, several countries have provided special regulations for digital transactions using cryptocurrencies. countries such as Japan, Russia, and the US are some of the countries that have provided special regulations for the use of crypto digital currencies.

Several other countries are also starting to develop their own currency systems into digital form. Call it like China, which began to develop its digital Yuan project.

In my opinion, Technically anything can qualify as money as long as the recipient and sender agree, essentially the same as bartering that has been done since ancient times. people will get rice instead of flour or salt instead of sugar.

But not all of them are available or exchangeable in the same amount. This makes certain items more valuable than others. For example, 1 liter of gasoline is more valuable than 1 liter of water. here's the difference.

The opportunity to use digital money transactions In this case Steem, SBD and TRX are increasingly wide open. Moreover, at this time digital transactions are starting to become the most important payment method. The payment method is no longer in physical form. be an option for the future.

I have no experience using Steem, Sbd and Trx as a means of payment. The reason is simple. Because I only have a few coins lately. But on several occasions I am interested in doing these transactions in the future. even on several occasions during the discussion I heard firsthand the practice of paying using this coin. For example, what has been done by Mr. @subkiusman.

The presence of digital currency does provide new opportunities and experiences in the world of transactions. ease and almost no risk attracted many people. Especially with the increasing value.

Let's see the advantages and disadvantages of transactions using this digital money

Excess

1. Avoid Currency Counterfeiting
   The problem with using paper money and credit cards is that they are prone to theft and counterfeiting. technically in the digital world, there is a term “double spend”, which means by using the same money, one can make transactions for two different things. the blockchain scheme in this cryptocurrency does not allow currency counterfeiting.

2. Protect Privacy
   Not everyone wants to be known. some people do not want to be identified when transacting for privacy reasons. the point is Not that people who want to maintain their privacy are bad people. they may be classified as shy to be known by the public. There are many reasons why people would want to do this, one reason being fear of having their identity misused.

3. Speed ​​and Convenience
   Digital money was deliberately created as a solution to various problems of conventional financial and banking transactions. by using Cryptocurrency, you can make transactions more quickly and practically. By its universal nature.

Lack

1. High Volatility
   The gait of cryptocurrency itself has only been going on for the last 10 years. therefore, the volatility of this type of currency is still very high. Currency values ​​can suddenly experience a drastic increase. Likewise with the decline in value which can also occur in a very fast time.

2. Transactions Are Too Complicated
   Some people still think cryptocurrency transactions are complicated. This is because you have to create a cryptocurrency wallet, manage shipping costs, make backups of private keys, and more before transacting with cryptocurrencies. this is natural because the cryptocurrency system itself is very strict and secret and is not known to many people.

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Hopefully in the future more steemians will use steem/Sbd as a means of payment. Happy New Year to all entrepreneurs.