According to my understanding, the biggest obstacle to bitcoin becoming a universal currency is the inability to scale up transactions.
With deflation in place of inflation, bitcoin does not look like a fiat currency for long periods of time.
No one wants to spend the money that grows every year.
Topic: Bitcoin and Future of Economy! - page 22. (Read 2899 times)
Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
So my question is can bitcoin be a main currency of world economy?
The "don't like attitude" of most country steam from the rumors that bitcoin is being used for illegal activity like criminality (drugs, guns and even terrorist funding). However, there's always 2 sides of the discussions here. Yes there might be people behind trying to exploit one of bitcoins nature, but if you will have to take a closer look, its not anonymous as others think of it. If authorities really wanted to follow the trail, there's blockchain and blockchain analysis that can help them out uncovering those who exploited the system. But with the collaborative efforts of most countries, I don't think that we can see bitcoin treated as a main currency. Their will be lots of opposition, specially coming from financial institutions like Banks.
Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
Why not? It has potential to be the main currency of the world. Bitcoin is a technological innovation and as a human, we want changes to our economy and to the whole society. Bitcoin brings transparency and decentralisation. But due to the banning of other countries, bitcoin has conflict to become the main currency in the world. Aside from that, we need a couple of years before we can attach with bitcoin and eliminate fiat currency. So my question is can bitcoin be a main currency of world economy?
Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
So my question is can bitcoin be a main currency of world economy?
How economy drive is created?
Its two way transaction where people within the country earn money through there jobs, skills, business and they pay taxes over their salaries to government. This is also followed by the employer itself who pays government X share for doing the business in their territory and thus government earns more money from different ways. When there is international trade then other countries pay local government for doing business and trades with them.
These all creates the stream of investment for government and using which they pay government employees their salaries, create big infrastructure, roads, bring oil into the nation and puts up education system and much more.
This generate the proper circle of economy and an ecosystem is created here in regulated manner.
Bitcoin and Economy?
Being decentralised and running over the public ledger bitcoin becomes partially invisible to the government. People dont pay nay taxes over it and thus money flows in one direction only. People can save up as much money as they want and as long as they dont convert back to the fiat then they re not eligible for the taxes. Thus it disturbs the ecosystem that we discussed above.
In no way bitcoin can help future of economy.
You said a lot of good things and when you get to the bitcoin part, you forget that bitcoin can also help a lot. I'll give you an example: if the government and the banks of my country were encouraging bitcoin exchange and miners to settle in my country, it could be an advantage for my country, as exchange and miners would be creating jobs and to encourage universities to create blockchain courses, crypto there ... there would be more software engineers and banks too would be moving more money, but because of the political elite this is not going to happen.
Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
My answer is never. What can we expect in a currency that comes from a market that has so much fraud and is always manipulated? The disadvantages of Bitcoin and the Crypto market are heavily exploited. So Bitcoin's future is bleak and we should not invest long term on it.So my question is can bitcoin be a main currency of world economy?
so it's dark bitcoin or do you mean that there are people with obscure intentions who use bitcoin for malefic purposes? because bitcoin can not hurt anyone
Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
I do not think that way because I think bitcoin is a decentralized currency that until now has not found a way to control bitcoin completely and what the government can do for now is just to monitor but not to control it. perhaps it can happen if the government can find a way to control the bitcoin as a whole. So my question is can bitcoin be a main currency of world economy?
Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
So my question is can bitcoin be a main currency of world economy?
How economy drive is created?
Its two way transaction where people within the country earn money through there jobs, skills, business and they pay taxes over their salaries to government. This is also followed by the employer itself who pays government X share for doing the business in their territory and thus government earns more money from different ways. When there is international trade then other countries pay local government for doing business and trades with them.
These all creates the stream of investment for government and using which they pay government employees their salaries, create big infrastructure, roads, bring oil into the nation and puts up education system and much more.
This generate the proper circle of economy and an ecosystem is created here in regulated manner.
Bitcoin and Economy?
Being decentralised and running over the public ledger bitcoin becomes partially invisible to the government. People dont pay nay taxes over it and thus money flows in one direction only. People can save up as much money as they want and as long as they dont convert back to the fiat then they re not eligible for the taxes. Thus it disturbs the ecosystem that we discussed above.
In no way bitcoin can help future of economy.
Economy is important of the country growth and connect the other country for business improvement. So economy growth is must for the country. People growth is important of the economy growth and country growth. Bitcoin is change people life.
Nowadays bitcoin is reach the all country. So people use the bitcoin for the future growth. So if people will be growth. Country will be growth. So country will be help to people growth. So then country economy will be growth.
Nowadays bitcoin is reach the all country. So people use the bitcoin for the future growth. So if people will be growth. Country will be growth. So country will be help to people growth. So then country economy will be growth.
Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
My answer is never. What can we expect in a currency that comes from a market that has so much fraud and is always manipulated? The disadvantages of Bitcoin and the Crypto market are heavily exploited. So Bitcoin's future is bleak and we should not invest long term on it. So my question is can bitcoin be a main currency of world economy?
Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
So my question is can bitcoin be a main currency of world economy?
Nope it cant. Already there is big debate going on whether to keep the crypto currency in this world or not as many countries are against this type of commodities. They are getting disturbed due to the crypto currency boom as industrial and government sectors are hampered in terms of public investments which are getting diverted towards the crypto sphere now. I think this has got to do with the national economy itself, where the money which should be circulating in the national treasure is actually getting driven away to another countries in the form of crypto investment. This kind of debates and problems are getting created and thus forms loop holes for the national treasure making it look like enemy for governments. Thats why it may not take that status anytime.
Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
So my question is can bitcoin be a main currency of world economy?
Thats hard to say as you yourself know that there always be dislikes between two countries when another adopts something new and other down want to. They fear that they will be left behind the race if some other countries go ahead and make progress in that field. Crypto currencies are looked in the same way now where many countries are struggling to regulate it but others are putting open bans on its use.
If such wars are login on about the bitcoin or crypto's then they will never be accepted as global currency or economic centre. It doesn't carry that much weightage from all over the globe at all.
Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
So my question is can bitcoin be a main currency of world economy?
No I do not think that it will be. To be honest I do not think any government will adopt Bitcoin as their main currency. With the resources that they have if they want to shift to crypto currency they can always create their own coin. The only way that this could happen is we will be under one government and with one president.
Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
So my question is can bitcoin be a main currency of world economy?
In order to Bitcoin to become a main currency of the world then it should make all countries to accept it without hesitation because if there are countries that will against it then it will be very impossible to make this ambitious agenda to become in reality. Its just like not all nations are in support of US dollar existence so therefore not all nations are accepting this currency for spending.
Bitcoin as a worlds main economy sounds impossible to me because as we all know not all human being are embracing bitcoin especially the influencian person are against bitcoin so it takes a lifetime to wait before it happened I guess.
Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
So my question is can bitcoin be a main currency of world economy?
You will never have the answer because you are asking the wrong question. Its not whether BTC will become the world's "main currency", but whether the technology can help us to invent a better form of currency. The answer to that would be a "yes", if you ask me.
So my question is can bitcoin be a main currency of world economy?
It will become the main currency for crypto economy but not for world economy. There's a long debate on how will bitcoin going to overtake the currency worldwide but there's a long way to go before it will go there. Dollar will stay and bitcoin will be it's rival and alternative choice for people who wants to stay anonymous.
It is also depending the legality of bitcoin of that certain country. Some stated that it couldn't happen that it become a world currency due to current currency of every country which economy rely on it.
Like what I've said that there's a long way before it will happen and there's a lot of things that can change on this matter.
Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
So my question is can bitcoin be a main currency of world economy?
Yeah some country they dont want bitcoin, becuase they knows bitcoin can destroy some bank. Bitcoin has a big influence in online banking, so i think thats the some reason why other countries not accepting bitcoin
Bitcoin as of this moment is getting known all over the world.Who knows someday betcoin well be the one to be substitute instead of money 
So my question is can bitcoin be a main currency of world economy?
It will become the main currency for crypto economy but not for world economy. There's a long debate on how will bitcoin going to overtake the currency worldwide but there's a long way to go before it will go there. Dollar will stay and bitcoin will be it's rival and alternative choice for people who wants to stay anonymous.
It is also depending the legality of bitcoin of that certain country. Some stated that it couldn't happen that it become a world currency due to current currency of every country which economy rely on it.
So my question is can bitcoin be a main currency of world economy?
It will become the main currency for crypto economy but not for world economy. There's a long debate on how will bitcoin going to overtake the currency worldwide but there's a long way to go before it will go there. Dollar will stay and bitcoin will be it's rival and alternative choice for people who wants to stay anonymous.
Its possible but it make take decades before it happen. Bitcoin may increase its value but it will have a hard time to get in the main market around the world. Maybe the whole cryptocurrency can be a good alternaternative for a fiat money but it will never be the main currency I think. Our government will always find ways to protect fiat money, but a least cryptocurrency will be accepted around the world in the future.
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