Topic: Bitcoin cannot be a global currency - page 28. (Read 5099 times)
In my perception, bitcoin is already on the global platform. It’s been used worldwide and it doesn’t need more than that to be a global currency. I believe it is already strong in the market and it is getting stronger and stronger.
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.
firmly consent to this. It is extremely amusing that we individuals look for flexibility and flourish in our nations yet we generally drag each other down. Not all personalities on the planet can consent to only one outright honesty. Be that as it may, I trust that bitcoin will even now substantiate itself to supplant different monetary forms to stop the swellings and collapses in our economies. 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.
I think bitcoin cant be a global currency because still more country not accepted the system of bitcoin. But i hope it would happen to legalized all over the world, its a big help to everyone when it was become a global currency, we can use bitcoin in any payment method and bring a smooth transaction becaue it was digital.
I think that currently bitcoin has very few chances to be called a currency and used worldwide as payment method.
Mainly due to high risk of manipulation, unstable price and lack of proper regulation.
But i do admit that bitcoin could be taken into an example when some countries would like to create their own government controlled cryptocurrency.
Everyday i have less and less doubts that fiat money will be replaced by digital currency, just a matter of time now.
Mainly due to high risk of manipulation, unstable price and lack of proper regulation.
But i do admit that bitcoin could be taken into an example when some countries would like to create their own government controlled cryptocurrency.
Everyday i have less and less doubts that fiat money will be replaced by digital currency, just a matter of time now.
Let me give you my opinion about the currency. I generally believe that bitcoin is difficult to call a currency. I would call bitcoin an asset. For example, gold is considered an asset, not a currency. Just as bitcoin should be considered a valuable asset of the 21st century. It is not enough, only 21 million of which total produced today 17 million and of these 17 million, 2 million lost for various reasons, i.e. today there are 15 000 000 bitcoins. And this SCARCITY
Sorry to say this to you,Bitcoin is already a global currency, I don't know how you want to see it ,but its the truth,if a country like Russia,Vietnam, are using Cryptos,and Bitcoin is the king,they must surely patronize bitcoin..
Bitcoin can become a world currency and this already has a large number of confirmations: many countries legalize the crypto currency, around the world they constantly install new ATMs for bitcoins of payments. The reasons why Bitcoin will develop can be listed endlessly.
At present, bitcoin is not valid in all countries. But I believe in the near future Bitcoin will be the common currency of the whole world. It can replace the existing internet payment systems, instead of paying by credit card over the internet
Yes only single currency cannot be global one because it could affect on trade.
In future it may be possible that every country may have their own digital currency and system will be working like it is working today.
In future it may be possible that every country may have their own digital currency and system will be working like it is working today.
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.
I strongly agree to this. It is very ironic that we people seek freedom and thrive in our countries yet we always drag each other down. Not all minds in the world can agree to just one absolute righteousness. But, I believe that bitcoin will still prove itself to replace other currencies to stop the inflations and deflations in our economies. 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.
With its current design, Bitcoin can handle only 5 transactions per second. That might be enough at the inter-bank level, but is certainly not enough for everyone to transact directly in bitcoin.
Moreover, bitcoin is even less stable that fiat money.
Moreover, bitcoin is even less stable that fiat money.
Bitcoin is quite often seen as an outsider in the world of finance, simply because it’s not issued nor controlled by a bank or government. But there are several downsides to the traditional monetary system as well, which was clear for everyone to see during the recent Greece debacle. Will the future lie in traditional finance, or is Bitcoin the solution everyone has been waiting for?
The current bitcoin is not a global currency but we can hope for the foreseeable future it will be digitally shared for everyone in the world that is also reasonable for us.
Until now I see bitcoin is a type of global money transfer, not a global currency. No body wants to have a currency that today it costs $10K and tomorrow only $5K left. That's really unrealistic!
Therefore bitcoin is less effective as a means of payment. Moreover, decentralized bitcoin, no government can manage it, unless it regulates its legal status in the country. But anything can happen, I think the most likely thing is bitcoin is getting more popular as a commodity and investment tool. 
Anything can happen in this new era about the development of Bitcoin and one of them Bitcoin can be a legitimate currency in use in their respective countries but it can be re-unearthed.
Bitcoin is widely accepted by the public, but its presence may not yet replace fiat money. Bitcoin only plays a role to facilitate transactions and can not be equated with fiat money. Although it can not be global money but in the coming year may be bitcoin has been widely developed and used by the community.
Until now I see bitcoin is a type of global money transfer, not a global currency. No body wants to have a currency that today it costs $10K and tomorrow only $5K left. That's really unrealistic!
Officially Bitcoin cannot be a global currency. But unofficially, the global community has many who use Bitcoin as a means of payment and trading.
By looking at the present volatility in bitcoin prices we can't completely say bitcoin as global currency we can call it as asset for long-term returns
Bitcoin has potential and probably become a global currency but it would take a lot of years before it happens because the governments are still creating regulation about these digital currencies and also there are lot of remote areas where Bitcoin can't reach or people don't even know about Bitcoin so for now it will be just an alternative way of transferring money thru online.
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