Topic: Bitcoin cannot be a global currency - page 38. (Read 5119 times)
Bitcoin can already be considered a global digital currency, as it is already used by citizens in all countries of the world. However, he will not be the official currency of any country, and he was not created for this. Bitcoin will only go along with the national money of different countries, but he will not replace them. Most likely, bitcoin will not be massively used at the state level. States will use their centralized crypto-currency for this.
It could be i guess, but needs to be regulated globally and that is a big time problem for all countries.
Sooner or later but one day bitcoin will legal currency, we should trust our bitcoin and keep on investing no matter what the situation will be, I am sure with the legalization of bitcoin is a lot of valuable countries soon bitcoin will be globally legal but we just have to be patient and wait for the perfect time, I think now a day bitcoin is being legal in several areas so invest don’t be worry about perfect regulation because one day it is gonna happen so being worry is useless.It could be i guess, but needs to be regulated globally and that is a big time problem for all countries.
Sooner or later but one day bitcoin will legal currency, we should trust our bitcoin and keep on investing no matter what the situation will be, I am sure with the legalization of bitcoin is a lot of valuable countries soon bitcoin will be globally legal but we just have to be patient and wait for the perfect time, I think now a day bitcoin is being legal in several areas so invest don’t be worry about perfect regulation because one day it is gonna happen so being worry is useless. it is not that easy to be a global currency because all aspects must be met if bitcoin want to be global currency, I think bitcoin is not yet deserved to be a global currency because many aspects that have not been fulfilled ..
which aspects you are talking about , it serves most of purpose of a currency .
we can store it , transfer it , utilize it as mode of payment , have a value (volatile though) . so it is already a currency , only thing is it is not legal in all countries . apart from it tell us why it can not be global currency ?
It could be i guess, but needs to be regulated globally and that is a big time problem for all countries.
may be true and probably not,
but I hope, bitcoin to be a practical and easy world currency. And I have to rethink, because if many bitcoin users in this world who do transactions then the possibility of sending bitcoin can take a long time, I hope there is a solution to remove this problem
but I hope, bitcoin to be a practical and easy world currency. And I have to rethink, because if many bitcoin users in this world who do transactions then the possibility of sending bitcoin can take a long time, I hope there is a solution to remove this problem
It is highly unlikely that 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.
it is not that easy to be a global currency because all aspects must be met if bitcoin want to be global currency, I think bitcoin is not yet deserved to be a global currency because many aspects that have not been fulfilled ..
which aspects you are talking about , it serves most of purpose of a currency .
we can store it , transfer it , utilize it as mode of payment , have a value (volatile though) . so it is already a currency , only thing is it is not legal in all countries . apart from it tell us why it can not be global currency ?
Bitcoin cannot be a global currency. Government of each country will not allow that to happen, although many people already using bitcoin in some transactions like payment system. Still it is not possible for bitcoin to be global currency because there are some countries that doesn't accept bitcoin and in fact some of them even ban the use of it. Bitcoin is a decentralize cryptocurrency and no government can take control of it not like the physical money that we people has been using for so many years.
Yes, it is impossible to be accepted by governments as global currency because each country has there own rules and regulation, people are using it for basic transaction payment in their concerned countries. Maybe there is a chance to declare the Bitcoin as like gold, but Bitcoin is also treated as a commodity only.
it is not that easy to be a global currency because all aspects must be met if bitcoin want to be global currency, I think bitcoin is not yet deserved to be a global currency because many aspects that have not been fulfilled ..
Agreed, Btc can't be a global currency 'cuz price is very unstable.
It should be changing slowly then others can catchup it
It should be changing slowly then others can catchup it
fluctuation and instability of bitcoin is not a big issue at all, bitcoin is even now is almost near to become global currency, now bitcoin investors are present throughout the world, this is such a great truth that even those countries who have considered bitcoin as illegal now they are willing to turn bitcoin legal because they get to know bitcoin is need of the day and it is important to make our economy well and good.
This is such nice and perfect thinking about bitcoin because you are right we are getting over the digital world and in our society digital currency is getting higher value than our regular money,. people are modern and educated so they love trying new and technologic things, so bitcoin is such new technology which has given us better opportunities to run our life well and in profit making manner so I think digital currency is now has become need globally we cannot neglects it value and importance in the world.
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.
bitcoin is already and will continue to be a global currency, I've made several transaction with people from other countries through bitcoin, some even requested that it's only bitcoin that they accept, so many adoption taking place and you are here saying its not a global adoption? 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.
it is very difficult for bitcoin to become a global currency. because there are still many people who do not know bitcoin and there are still many countries that prohibit the existence of bitcoin. because they fear that the development of bitcoin can not be overcome. but you do not have to worry though some countries do not allow it but in some countries, many have received and legalized bitcoin. and I'm sure bitcoin will go on and on all over the world.
Yes it is difficult but not impossible, i think it will take a lot of time, but still it is possible and it is going to happen, because bitcoin is slowly but regularly increasing its popularity, i am hopeful that a time will come when bitcoin will be too much popular and about all the people of the world will be using bitcoin. Agreed, Btc can't be a global currency 'cuz price is very unstable.
It should be changing slowly then others can catchup it
It should be changing slowly then others can catchup it
fluctuation and instability of bitcoin is not a big issue at all, bitcoin is even now is almost near to become global currency, now bitcoin investors are present throughout the world, this is such a great truth that even those countries who have considered bitcoin as illegal now they are willing to turn bitcoin legal because they get to know bitcoin is need of the day and it is important to make our economy well and good.
Maybe not, but blockchain technology itself will be a part of future for sure.
That is something really interesting governments, bank and businesses love the blockchain, it is a great idea that made bitcoin possible but they hate bitcoin, they know they will lose the tight control they have on the economy if they allow bitcoin to flourish but at the same time they really do not have any kind of idea of how to stop bitcoin from being adopted by the population of the world.Bitcoin is just a symbol of Blockchain Technology. In fact, many other altcoins have better technology than Bitcoin, like ETH, XRP, LTC,...The governments can make their our coin based on blockchain technology instead of using Bitcoin - what they can't control. And as we know, the transaction speed of Bitcoin is very slow and cost high fee when there're too many people use it. Imagination if 8 billion people use bitcoin as a global currency, how long will it take for 0.1 BTC transaction? and would it cost 0.01 BTC as the fee to transfer?
it is very difficult for bitcoin to become a global currency. because there are still many people who do not know bitcoin and there are still many countries that prohibit the existence of bitcoin. because they fear that the development of bitcoin can not be overcome. but you do not have to worry though some countries do not allow it but in some countries, many have received and legalized bitcoin. and I'm sure bitcoin will go on and on all over the world.
Bitcoin cannot be a global currency. Government of each country will not allow that to happen, although many people already using bitcoin in some transactions like payment system. Still it is not possible for bitcoin to be global currency because there are some countries that doesn't accept bitcoin and in fact some of them even ban the use of it. Bitcoin is a decentralize cryptocurrency and no government can take control of it not like the physical money that we people has been using for so many years.
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.
Yes I believe so. I don’t think Bitcoin can be allowed to be a global currency cause it doesn’t have what it takes to occupy such a position in any country. 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.
First thing I believe that disqualifies Bitcoin from being a global currency is the fact that it’s only an electronic money and does not have any way of being used physically except if you have a device that gives you access to it. And the government is also not in support of it, so not possible.
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.
In my opinion it is a big truth that in present time we are free to use bitcoin but surely in the future we will not be free to use such things easily because the main reason is that most of the countries are making rules to regulate the cryptocurrency and also they are Making new new rules so that they can give better limitations over the use of the bitcoin and also not only regualte but also people pay tax for which what they are using bitcoin , even service of bitcoin is limited to those people which are totally anonymous but Still no one is in the front of the world to be a offical owner of this technology and in this way I think bitcoin is on hand of few anonymous people and will remain in full centralised control , whatever we think but truth can never be change .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.
China, Singapore, South Korea, Russia, Australia and Germany and many more countries are using it so bitcoin is essentially becoming a global currency. It is not just yet fully adopted and used by an average consumer but it will definitely start happening soon.
Jump to: