Topic: Bitcoin cannot be a global currency - page 14. (Read 5119 times)
Bitcoin is majorly for online transaction but can't be globally accepted currency , it will only be use for crypto space as a means if exchange and also within some users for means of payment but can't be generally accepted or used .
Well as of now, we can really and definitely say that Bitcoin cannot stand a chance to be the global currency, but no one can ever tell this for sure, because nobody holds what the future will be. I still believe that maybe with the current era we have, there is a high chance that Bitcoin or crypto currencies will lead to be one of the payment method in coming future.
Bitcoin deserved that it becomes a global currency but it's not possible now because lots of countries are unable to understand bitcoin like Bangladesh India and lots more India already stopped buy sell bitcoin from the bank...
There have been a lot of opposition towards bitcoin from many governments, banks and other large financial institutions all over the world, so it can't be a global currency.
I don't concur with you. I surmise that the world is turning towards cryptographic money and later overall world will utilize crypto for their day by day installments in their neighborhood markets. I know it will require long investment however one we will see that every other money vanish from the market and just digital currency is usable everywhere throughout the world.
why do you think btc can not be a global currency? BTC now have a largest community. It has a lot of advantage for transaction because of its own technology. The problem of btc now is still not stable in exchange. There are more speculation of btc. When btc is accepted in banks, it's time BTC be a global currency.
for my thinking, you are right. Bitcoin's purpose cannot be the official global currency of the whole world because Bitcoin cannot be controlled by anyone and that it's price tend to fluctuate so much in a short period of time. But as we can see, Bitcoin is starting to get popular even around teens and parents. In no time Bitcoin would be a currency that would use by people for buying and transacting money even though it won't be an official currency. It can still be a currency that would change the world.
Because many governments still do not recognize this one rate. This is due to concerns that Bitcoin will become a means of money laundering from crime.
the world would adopt an unregulated currency, with high volatility.
For bitcoin to become the global currency, it must go through strong corrections.
For bitcoin to become the global currency, it must go through strong corrections.
The term global currency is given to currencies that can be accessed anywhere around the globe. This is possible with very few currencies, and bitcoin is one among that with increased usage.
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.
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.
We all have a different say or opinions regarding this matter and I also think that bitcoin will never be a global currency since it is used, as of the moment, as an investment or asset by almost everyone here.
Buy it first and then only spend it as that is the best way to go about it.
yes you are perfectly right because bitcoin can't be a global currency but it will reduce rates of paying with debit card, now with bitcoin people order online pays all necessary bills.
I agree completely. Bitcoin has too many technical problems to become global currency number one. So we are waiting for another (decentralized) currency that will take into account all the shortcomings of bitcoin
Nobody can say now what bitcoin could or couldn't be. It's still young, there is plenty of time to grow and go mainstream, at least other 10 years. If by 2030 in won't be something common than yes, it won't be a global currency.
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.
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.
Opposing to many other threads, focusing of significant factors make us wonder on what could be the state of bitcoin towards the industry. Being aware about it make us realise that there may not or maybe a chance that bitcoin will be globally patronise and later on be used to connect us as one.
yeah i think so that bitcoin will never be the main currency, it's not accepted in all country and besides it's not that easy to access bitcoin specially in poor countries or remote
yes, if accessing bitcoin in countries like that is quite difficult, bro, because it is usually a country like that, there is no internet signal or internet network has been given, so it is also difficult for us to introduce BTC to them.
There will be problems sometimes or the other unless it is made legal.
Definitely bitcoin can be the global currency because it has all the quality to be that but according to me the only one obstacle is the government if they just support it then nothing will stop it.
Just wait until it's all perfected. When the troubled water might have settled and all the nay sayers have no FUD to give anyone, then bitcoin will take over the globe. Just a little while and this shall be. Bitcoin is owned and controlled by no one.
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