Bitcoin cannot be a global currency - page 13.

KorakPawon

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Quote from: BillCoin on March 24, 2018, 01:52:06 PM

I agree with you that bitcoin will probably will never be the main global currency, but it can replace the current internet payment systems, instead of paying with credit card over the internet that will also require you to reveal your credit card details, you can play anonymously with bitcoin.

Fiat defends citizens from them-self, if regular people will start using bitcoin on a daily basis, the chances of them to get scammed is pretty high considering all the scams that are running on the cryptocurrencies market.
Unregulated market is really dangerous for some people, and that's what fiat comes to defend.

if bitcoin has to be a global currency, I think it's quite difficult, but in this world nothing is impossible, but the process may be quite difficult because all countries in the world already have their own currency.

but if bitcoin becomes / helps in payment in the internet world it is very likely and it will be very helpful to users and maybe it will be welcomed by all people.

Gummybear67

full member

Activity: 188

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Quote from: huanzhong644306 on March 24, 2018, 09:28:21 AM

Technology believers believe that bitcoin is the mission of decentralization, the future of the world currency.

BTC just need, relative scarcity and the manufacturing cost, nature has the price, the price is the fluctuation, as long as access to the securitization in the human history of human use of the most profound institutional invention, the currency is likely to generate huge profits.

You have a lot of money and you have followers. With followers there is a crowd. The masses will naturally divide.

With differentiation, there is naturally a blank majority. Naturally, there are evil men who have been swindled. Nature has its center and leadership.

This is the history of bitcoin's journey along the way, which is why the BTC creator went to the center to turn the government against the pursuit of liberalism.

But on a philosophical basis, technologists are wrong.

The beginning of human birth is said to be monkeys. No government, no center. No money, no inflation. Government is not the product of power, but the government itself is the product of liberalism.

Because freedom must be evil, freedom itself creates chaos, and chaos leads to the pursuit of order, thus freedom produces power and bad power transition to good power.

In the world of BTC, new centralization has begun:

Global mining is concentrated in the hands of a few. The maintenance and development of bitcoin is concentrated in the hands of few digital farmers. The influence of virtual currency is concentrated in the hands of a few big v.

They are the new army, the new bureaucracy, the new emperor. Are these people trustworthy?

The emergence of BTC is a technological advance in the history of human currency. It makes up for the deficiency of the existing monetary system and should also promote the reform of the existing monetary system.

Like insurrection, it is either extinguished or assimilated into the long river of history.

Technically yes, it will take years before Bitcoin become a global currency, but come to think of it? It Is globally known by all, using it and making it a part of their everyday lives. That somehow make like a Global currency.

DarrinEspacio

newbie

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Bitcoin has already become a global currency if you look at it carefully because the whole Globe knows about it and more or less use it also.

trongdanhmtk3

newbie

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In my opinion it would be the world's currency if it had a more rational development than now

Ms.Anna

newbie

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At the moment, bitcoin does not fit the description of the world currency, although its popularity among a certain number of investors is growing - many believe that bitcoin will soon come out of the shadows and take its rightful place among other currencies.

Madara_Uchiha

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Unlike reserve currencies, bitcoin does not have an interest rate set by the central bank, so its profitability is difficult to quantify.

thekop12345

newbie

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I really think what makes Bitcoin different is not currency, but technology is Blockchain. Bitcoin is a pioneer of this technology. The future will have another real currency used to make the common currency, I believe

ubercool

hero member

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It will be a global currency in future but to become that it will hurt many governments and they will retaliate with harsh regulations. There are still lots of countries who neglected the rise of crypto and they will soon understand what has to be done.

Muspion

jr. member

Activity: 127

Merit: 1

it is true that bitcoin cannot be a global currency, but bitcoin can become a banking pioneer to use blockchain technology used by bitcoin

darko.bountym

newbie

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Bitcoin is created to provide something new in the world and it did it. But does bitcoin will continue and will survive with a lot of restriction that are included we'll see.

billy4u

newbie

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Why not? We have seen the growth of bitcoin in the last few years. Assuming ten years from now every country has accepted transactions in bitcoin, what would you call it then? Bitcoin's advancement depends on us all. As for the CAN and CAN'T it is a possibility just as all other perimeters in the world which is subject to succeed or fail.

Happy Fun

newbie

Activity: 54

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Well. Bitcoin has created because it want to be a new something in this world. See history happen from past until now, crisis in every where, war is not stopped too. And bitcoin want to change all of them.

MUSFIKAR

full member

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For the time being we don't know whether or not Bitcoin can become a global currency there is still no common ground in that direction. As a commodity, Bitcoin has not been used as a legitimate currency. Because it is not centralized, people never know much about the global currency.

Jinatfatm

newbie

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Bitcoin is already global. The question is whether it will be a currency. The lightning network solves this problem. So yes, it will be a global currency.

hachimon

newbie

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yes, I agree with the existence of bitcoin is a technology that brings progress in the economic field. but not all countries and communities can accept bitcoin as a legal payment instrument. many countries do not believe and reject bitcoin. they think bitcoin is a ponzi scheme that will harm the people. and in each country late it has an official fiat currency and has been used for centuries. making it difficult for them to accept bitcoin as a currency or payment instrument.

goodluck0319

sr. member

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in addition to bitcoin, there are many other coins and technologies. therefore, we can not say for sure that bitcoin will not be a global currency, because the idea of bitcoin can give an idea to another coin

Mazda17

full member

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Quote from: Rupok on March 24, 2018, 01:37:50 PM

Of course, Bitcoin can be a world currency. However, Bitcoin is not valid in all countries. But seeing the popularity of Bitcoin,it will be the world currency for a time.Only the bitcoin has been known in all the countries, which could not make any other coins.Everywhere they are Bitcoin,world Currency Will be.

Good opinion and I like the way you think.
I agree with you that bitcoin will probably be a major global currency, but can replace the current internet payment system, instead of paying with a credit card via the internet that will ask for our credit card details, we can play anonymously with bitcoin.
If you look back on the popularity of bitcoin is very large, but I'm sure someday bitcoin will become the world currency after everyone believes in bitcoin.

people12345

newbie

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Bitcoin as of now is a world cash from the position that is utilized by individuals at relatively every mainland on the planet. But since of the reasons that you have portrayed it will never be standard cash or authority money in some nation. In any case, from my perspective that wasn't the objective and it shouldn't be the objective of bitcoin.

Additionally the way that through web association bitcoin is accessible everywhere throughout the world makes it worldwide and offers chance to all countries on the planet to utilize it and that is the magnificence of bitcoin.

tkaush

newbie

Activity: 121

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I agree with some points and for Bitcoin to become the global currency in the world it should be used by majority of people and it should be accessible to everyone which can be happen but the main problem is many holders and investors are leaving Bitcoin in a higher rate due to it's uncertainty which is a real disadvantage for Bitcoin and only time can tell what will happen in the end

longrhm0

jr. member

Activity: 112

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I assume we will admire bitcoin higher if will have a look at it from the perspective of blockchain era, technology has grew to become out to be the high-quality aspect that has befell to mankind in currently years, and with the way bitcoin goes in the exploitation of the possibilities of technology, it has the potential of becoming a international foreign money.

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