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Topic: Bitcoin cannot be a global currency - page 39. (Read 5099 times)

newbie
Activity: 184
Merit: 0
July 03, 2018, 07:37:48 PM
Agreed, Btc can't be a global currency 'cuz price is very unstable.
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.
Strongly agree with you, to some extent we can say bitcoin is global currency now because bitcoin is acceptable by everyone, there is no discrimination among users, rich, poor, able, disable, specially, ordinary all kind of people are enjoying bitcoin to get a better life, if some of them are not affording to buy bitcoin so for them bitcoin has another way of joining campaigns to earn good money and some bitcoin using their skills and knowledge.
hero member
Activity: 882
Merit: 500
July 03, 2018, 01:49:59 PM
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 .
newbie
Activity: 154
Merit: 0
July 03, 2018, 06:35:31 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.
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?
full member
Activity: 532
Merit: 101
July 03, 2018, 04:05:36 AM
Bitcoin cannot be a global currency NOW!!!
but soon it will be. FIAT will be gone in due time as technology is engaging with bitcoin now.
we are not yet ready in a hundred percent but definitely will be.
newbie
Activity: 34
Merit: 0
July 03, 2018, 03:28:59 AM
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?
legendary
Activity: 1372
Merit: 1008
July 02, 2018, 11:27:34 PM
It can be adopted globally as a means of transferring assets, but to become the global currency, it would have to undergo regulations. Hence, coming out of the shadows and under the umbrella of financial regulatory bodies.
Yes it will be adopted globally because it is easy to transact all over the world. We can say that even now bitcoin is global currency, because people are around the world can buy, sell goods using bitcoin,  without any discrimination of nationality and location, people are using it in every place of the world, its fast and easy transaction attracts people towards bitcoin investment.
Thats right, even today bitcoin has become global currency, we know that bitcoin users have covered the whole world, almost every
country there are bitcoin users, and besides you can use bitcoin and transactions wherever you want? is not that a global currency?
newbie
Activity: 532
Merit: 0
July 02, 2018, 06:02:04 PM
That the mission and main purpose of Bitcoin.... Looking at the world now it a technology age.... Just think about it using blockchain to solve problem, inventing things..... So I still believe that Bitcoin will be a global currency it just matter of time.
hero member
Activity: 700
Merit: 500
July 01, 2018, 09:02:39 PM
Agreed, Btc can't be a global currency 'cuz price is very unstable.
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.
Yes very true, bitcoin is now already present in all over the world may be very few counties will be there where the concept bitcoin still not reach and where people are not using bitcoin, otherwise i can see that in current time you can find bitcoin users in all over the world.  Bitcoin is in fact the need of the modern time where we can expect that all the people will be using bitcoin for everything, and they will be giving preference to bitcoin over fiat currency.
newbie
Activity: 75
Merit: 0
July 01, 2018, 07:09:34 PM
Bitcoin has come to stay and it's high time people start accepting that fact. Bitcoin can be a global currency, with the growth it is having in recent times and the level of popularity it is gaining it would certainly become a global currency in the nearest future.
full member
Activity: 378
Merit: 103
July 01, 2018, 10:40:13 AM
i agreed that it can not be global currency untill and unless the more people adopt it... the governments make some amendments for this crypto currency Smiley
sr. member
Activity: 602
Merit: 250
July 01, 2018, 07:40:06 AM
Agreed, Btc can't be a global currency 'cuz price is very unstable.
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.
hero member
Activity: 728
Merit: 502
July 01, 2018, 06:00:47 AM
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.
Every increasing population of country are accepting bitcoin, when a child even born he has some bitcoin because every parents are trying to save their children future by saving some bitcoin for them, now blockchain technology is taking the command because of using in every well known company, now everyone is happy to use bitcoin, government is also being happy because of bitcoin development in country as it make economy good.
sr. member
Activity: 418
Merit: 253
June 30, 2018, 05:55:27 PM
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.

Even in my country Government is against bitcoin and have declared it as a illegal currency but people are still using it and making money out of it and Government cannot do anything about it but its hard to believe that bitcoin can be a global currency and it has not reached everywhere yet and not many people are aware about it and if they know about it they are scared to invest in it as Government is not in support of it.
jr. member
Activity: 370
Merit: 1
June 30, 2018, 05:04:44 PM
I totally agree with you. For now let's never say never because things might turn around tomorrow. Since btc is a decentralized currency without the control of the government, how then can it be a global currency.
member
Activity: 215
Merit: 11
June 30, 2018, 02:39:22 PM
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. As it is not centralized, people never knew it much about being a global currency.
full member
Activity: 434
Merit: 100
June 30, 2018, 11:57:17 AM
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.
hero member
Activity: 1022
Merit: 511
June 30, 2018, 02:49:33 AM
Although Bitcoin is not valid in every country of the world, Bitcoin has gained recognition in every country. From this contact, Bitcoin will be recognized as a worldwide currency. There is no human in the world who likes Bitcoin and does not want to earn money from Bitcoin. So, just waiting for that time, Bitcoin will be known as the global currency.
No, it is not right, the future is that of cryptocurrency and it will be the global currency in the coming future. More and more people are investing in bitcoin and we will see that one day the whole world will use only one currency and that will be bitcoin. I hope that I will see this time in my life but not sure about that. My children will definitely see the new era of cryptocurrency.
newbie
Activity: 126
Merit: 0
June 29, 2018, 07:06:58 AM
It can be adopted globally as a means of transferring assets, but to become the global currency, it would have to undergo regulations. Hence, coming out of the shadows and under the umbrella of financial regulatory bodies.
Yes it will be adopted globally because it is easy to transact all over the world. We can say that even now bitcoin is global currency, because people are around the world can buy, sell goods using bitcoin,  without any discrimination of nationality and location, people are using it in every place of the world, its fast and easy transaction attracts people towards bitcoin investment.
newbie
Activity: 27
Merit: 0
June 28, 2018, 10:05:15 AM
Agreed, Btc can't be a global currency 'cuz price is very unstable.
It should be changing slowly then others can catchup it
sr. member
Activity: 1876
Merit: 328
June 28, 2018, 04:23:11 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.
I don’t know for others, but I see Bitcoin as a global currency. Just look at this, everyone no matter where you are living  you still have the access to Bitcoin (except countries where government has banned it) and you can also send to anyone in any location and receive from anyone too. So since you can do that already, what then do you want from it? If you are waiting for when Bitcoin will become our currency, then I’m sorry, that’s a stupid thought.
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