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Topic: Bitcoin as Main Currency - page 3. (Read 6012 times)

jr. member
Activity: 53
Merit: 1
February 28, 2017, 01:50:53 PM
If may think it is good for allow bit coin to be used as one general currency for it transpellency. Bit coin is one of the most value able currency in the world. I think bit coin needs world leaders support.

If the bitcoin has 1 billion users, it might be the most valuable currency. But it has long way to go.
legendary
Activity: 2464
Merit: 1145
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February 28, 2017, 01:45:19 PM
Bitcoin as a main currency is not possible in the near future. Volatility is a major factor which does not allow governments to give consideration as a main currency or a currency to circulate. Recent days it has got little changes in the volatility.
I agree to you , Bitcoin is not possible to become the main currency of course government wouldnt allow that. Im sure Government will lose their control in the currency they use if bitcoin replace them. We know bitcoin is anonymously used.
hero member
Activity: 1022
Merit: 511
February 28, 2017, 12:35:46 PM
This is the future, ...our money will be in crypto currency. Soon all people will use a crypto currency, wallets are already embed inside our body thru microchip implants. Transactions are cashless.

Your post sounds like the messages of the end times. Hope it doesn't end in microchip implants and all those signs of the antichrist.

But not impossible if implanted chip will be used in future. For now, chip only used as a GPS to track whereabouts of a person, many people are happy to wear it for safety reasons, including also used by army. Radiation system has been refined and safe to use.

If Bitcoin planted in people wrist, in future we will only use barcode scanner for every short distance transaction. No more need to use your wallet and bank accounts, banks only need to save identity and transaction data only. If this is done by majority people in the world, FIAT is no longer needed as a major currency.
I really don’t think that it is a good idea to implement these kind of things into people’s hands or wrists because that could lead to potential security breaches and people get their private keys stolen and that will cause a lot of problems, I mean we could have like a plastic card that contains our bitcoin address that would be better idea.

To make bitcoin, there are lot of simple ideas are available. I do not think it would take more complex process like implanting kind of things.

Once people realize the true advantages of bitcoin, they will leave off fiats and will embrace bitcoins. That time bitcoin will start getting the status of being main currency, as of now it might need some time to get that status. But it will happen for sure.
sr. member
Activity: 255
Merit: 250
February 27, 2017, 02:30:54 PM
No if that's the case then i will definitely not use it because Government will have the record of everything since they will be thinking of themselves and this not what we all bitcoin users want it.
What is wrong in it if you are not doing anything illegal. what happens when you are a law abiding citizen even if government spy on you there is nothing they can do against me .But i would like to have some freedom and i do not want to fear the government nor anyone peeping into my assets.
full member
Activity: 294
Merit: 100
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February 27, 2017, 02:25:32 PM
My primary currency is USD, but I use BTC as a secondary for all digital holdings. I never get to the point to buy too many things using Bitcoin because the price seems to always go up in large amounts.

If it comes to a time when more opportunity arises, i'd much rather invest with it instead of for consumption.
legendary
Activity: 2898
Merit: 1152
February 27, 2017, 02:17:45 PM
I strongly agree that in the future bitcoin could be serve as the primary virtual currency that is used throughout the world. The user bitcoin is very much. development and growth also increased rapidly in many sectors.

We are not sure about this.  today yes Bitcoin could possibly serve as the primary virtual currency but contender will do all things to take the title from Bitcoin.  If this scalability issue is not solved, I bet People will move out of Bitcoin thinking they had enough of delays and move to an altcoin that scale and have more advance feature than Bitcoin.
hero member
Activity: 882
Merit: 528
February 27, 2017, 02:08:37 PM
No if that's the case then i will definitely not use it because Government will have the record of everything since they will be thinking of themselves and this not what we all bitcoin users want it.
full member
Activity: 150
Merit: 100
February 27, 2017, 11:52:00 AM
If may think it is good for allow bit coin to be used as one general currency for it transpellency. Bit coin is one of the most value able currency in the world. I think bit coin needs world leaders support.
sr. member
Activity: 2380
Merit: 454
February 27, 2017, 11:39:57 AM
This is something that will be possible someday, in fact there are already some countries that are very advanced in the adoption of Bitcoin, but most of the places that I know with this level of progress are European cities, such as a city of the Netherlands, called Arnhem.

I agree with you because the only problem the we have right for this thing to happen is the Government, not all the countries supports bitcoin because others banned it for some reasons, other says because people are using it in illegal stuffs like buying drugs, guns and so on, so their Government prohibited using it.

And others didn't ban it, but the situation is, they don't accept bitcoin yet to be the money that we can use in our everyday lives, and I think it will really take some time for this thing to happen because bitcoin is a poison to them, since they can't control it.
sr. member
Activity: 1666
Merit: 276
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February 27, 2017, 09:14:29 AM
Bitcoin as a main currency is not possible in the near future. Volatility is a major factor which does not allow governments to give consideration as a main currency or a currency to circulate. Recent days it has got little changes in the volatility.
legendary
Activity: 2954
Merit: 1159
February 27, 2017, 08:45:37 AM
This is the future, ...our money will be in crypto currency. Soon all people will use a crypto currency, wallets are already embed inside our body thru microchip implants. Transactions are cashless.

But these are qualities of bitcoin, it doesn't mean that bitcoin will be used as main currency. Also i am not disagree with you, because bitcoin is really superb crypto currency, and it really make our life easy. But use bitcoin as a main currency, it is hard to accept it.
sr. member
Activity: 1806
Merit: 295
February 25, 2017, 07:51:44 AM
This is the future, ...our money will be in crypto currency. Soon all people will use a crypto currency, wallets are already embed inside our body thru microchip implants. Transactions are cashless.

Your post sounds like the messages of the end times. Hope it doesn't end in microchip implants and all those signs of the antichrist.

But not impossible if implanted chip will be used in future. For now, chip only used as a GPS to track whereabouts of a person, many people are happy to wear it for safety reasons, including also used by army. Radiation system has been refined and safe to use.

If Bitcoin planted in people wrist, in future we will only use barcode scanner for every short distance transaction. No more need to use your wallet and bank accounts, banks only need to save identity and transaction data only. If this is done by majority people in the world, FIAT is no longer needed as a major currency.
sr. member
Activity: 686
Merit: 253
February 25, 2017, 07:28:54 AM
This is the future, ...our money will be in crypto currency. Soon all people will use a crypto currency, wallets are already embed inside our body thru microchip implants. Transactions are cashless.

Your post sounds like the messages of the end times. Hope it doesn't end in microchip implants and all those signs of the antichrist.
sr. member
Activity: 1386
Merit: 255
February 25, 2017, 06:47:16 AM
This is the future, ...our money will be in crypto currency. Soon all people will use a crypto currency, wallets are already embed inside our body thru microchip implants. Transactions are cashless.
legendary
Activity: 1414
Merit: 1001
February 25, 2017, 06:19:47 AM
I strongly agree that in the future bitcoin could be serve as the primary virtual currency that is used throughout the world. The user bitcoin is very much. development and growth also increased rapidly in many sectors.
I doubt that bitcoin will become main currency ever. I think it is pretty possible to bitcoin get replaced by some more perfect crypto-currency which could resolve all minuses of bitcoin.
this time I believe that bitcoin digital currency is best. but we can not predict that in the future there is a better digital currency. we all crave always the best for the world economy.
sr. member
Activity: 756
Merit: 253
February 25, 2017, 05:59:40 AM
I strongly agree that in the future bitcoin could be serve as the primary virtual currency that is used throughout the world. The user bitcoin is very much. development and growth also increased rapidly in many sectors.
I doubt that bitcoin will become main currency ever. I think it is pretty possible to bitcoin get replaced by some more perfect crypto-currency which could resolve all minuses of bitcoin.

It's possible Bitcoin can become the main currency in future but we need some changes to be effected nit necessarily introducing a new coin to address its challenges but it has to be infused with changes like the segwit and the likes to rather make it more efficient and perfect.
hero member
Activity: 1078
Merit: 514
February 25, 2017, 04:26:58 AM
I strongly agree that in the future bitcoin could be serve as the primary virtual currency that is used throughout the world. The user bitcoin is very much. development and growth also increased rapidly in many sectors.
I doubt that bitcoin will become main currency ever. I think it is pretty possible to bitcoin get replaced by some more perfect crypto-currency which could resolve all minuses of bitcoin.
sr. member
Activity: 1638
Merit: 300
February 25, 2017, 03:32:44 AM
I strongly agree that in the future bitcoin could be serve as the primary virtual currency that is used throughout the world. The user bitcoin is very much. development and growth also increased rapidly in many sectors.

Yes, that is right, a primary VIRTUAL currency not a primary Currency. Many bitcoin users are taking bitcoin as a stock, saying this Bitcoin will never be a primary currency. But I think Bitcoin now is the primary virtual currency, when someone say digital currency, bitcoin will really punch your mind out if you don't think of bitcoin, it is really popular now you know.
copper member
Activity: 1050
Merit: 500
February 25, 2017, 03:07:11 AM
Nah. Bitcoin is great as an investment and an alternative currency, but to be the main currency/replace the legal tender
of a whole country?
I truly do not see it happening. Maybe a century from now? Who knows whatever huge advances technology would have made by then. For now, there's just too many holes.
Also, by being the 'main currency', it'd have to be approved by the government. I just don't see a government backing/using something they don't have full control of. There's just too many sanctions they could take to prohibit/hinder the use of bitcoin.

I also agree, Bitcoin is at its best being decentralized currency, that is its main attraction.  If it become centralized then this will be no difference than the traditional currency we are aware of.  Aside from that, being an alternative is the highest possible status of Bitcoin since no matter how we push it, the government will never accept something decentralized to take over its economy.  Government may regulate it, acknowledge it and accept it as legal tender but never its main currency.
sr. member
Activity: 882
Merit: 260
February 25, 2017, 02:39:57 AM
I was just curious but, what would you guys think if Bitcoin was the main currency of America. Would you like it and agree with it or would you agree with the current main currencie(s) we have.
It's not possible since it would give several benefits all over the world such as faster transactions, low fees, and secured transactions. It would be better idea if bitcoin would be used a major currency online. Those nightmare of over charge on fees we felt through USD wallet such as paypal, neteller, and others would be end if that happen so. Part of it, scam would lessen for giving fake reciept, and there would be no more reeview for any transaction as paypal and other usd wallet do.
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