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Topic: Bitcoin cannot be a global currency - page 47. (Read 5119 times)

full member
Activity: 658
Merit: 102
May 27, 2018, 12:53:03 PM
Citizens of different countries can use bitcoin as a global crypto currency. Bitcoin, in principle, is already being used for this.
However, at the state level, bitcoin and other centralized crypto currency can not be used for international settlements because it has very high volatility. I think that for this state will use different centralized crypto currency by their mutual agreement.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
May 27, 2018, 10:13:31 AM
My opinion is that the technology itself blockade will receive a very large application in our world, but bitcoin will not become a world currency. Countries and the state can not allow this.
You are mistaken this is not really about if governments are going to allow bitcoin to become a global currency, this is about the people, are the people going to adopt bitcoin in enough numbers to make it a global currency? No one really knows the answer to that question but if I were to bet I'll probably say that is the most likely outcome.
newbie
Activity: 182
Merit: 0
May 27, 2018, 07:42:09 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 really believe that bitcoin can be use as global currency if all the countries will legalize the use of bitcoin but this is only an alternate currency of all the countries.
sr. member
Activity: 658
Merit: 274
Wish for the rain? Then deal with the mud too.
May 27, 2018, 05:58:02 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.

Definitele yes, it would be very tough for bitcoin to be in that stage since there are lots of factors/reasons for bitcoin not to be in that position more than why it would be calles global currency. In addition, bitcoin isn't neither visbile nor tangible, it could be only seen in computer or some other gadget but once you take it out it would be definitely another currency and not bitcoin again.
hero member
Activity: 756
Merit: 500
May 27, 2018, 04:39:07 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.
If Bitcoin is not global, then what is the reason for calling it decentralized? 😏 It is already global and you can’t change the fact that it is global. It can be used for quick international transactions to most countries in the world. The only places it can’t be used are places where it has been banned by the government due to their belief that it is being used for money laundering and other sort of things.
newbie
Activity: 112
Merit: 0
May 26, 2018, 08:18:15 PM
Yes, of course, Bitcoin is not going to be a global currency. Bitcoin will continue to be a digital currency that only lives and survives on the internet. Although the price of Bitcoin bis touches the price is very high but this does not change Bitcoin into the global currency.
It is true that bitcoin needs the Internet and it was designed to be used over the Internet, however I think you're having a very limited view of what it can be accomplished with bitcoin, in the future we will be able to exchange our bitcoins for physical goods in any store it will be very similar to using credit cards or debit cards once that happens using bitcoin all over the world will be very easy.

Bitcoin is currently use by different countries world wide and I think  it can be use as a world wide currency if other countries adopt and legalize the use of bitcoin
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
May 26, 2018, 04:12:43 PM
Yes, of course, Bitcoin is not going to be a global currency. Bitcoin will continue to be a digital currency that only lives and survives on the internet. Although the price of Bitcoin bis touches the price is very high but this does not change Bitcoin into the global currency.
It is true that bitcoin needs the Internet and it was designed to be used over the Internet, however I think you're having a very limited view of what it can be accomplished with bitcoin, in the future we will be able to exchange our bitcoins for physical goods in any store it will be very similar to using credit cards or debit cards once that happens using bitcoin all over the world will be very easy.
sr. member
Activity: 448
Merit: 251
Futurov
May 26, 2018, 08:35:18 AM
I couldnt agree more, bitcoin cannot be a global currency. It will only exist in the world of crypto, standing on top of the other coins offered in the market. I guess this is a good thing because if it were to be a global currency then it will be a confusing thing to deal with since its value flactuates from time to time. It isnt stable as fiat money and people with decent jobs will have a hard time earning income. Lets just leave it at that.. fiat money existing in the real world while bitcoin in the virtual platform
full member
Activity: 368
Merit: 104
May 26, 2018, 02:09:45 AM
Yes, Bitcoin is not going to be a global currency. Bitcoin can only be a digital currency that only lives on the internet rather than in the real world. Although the price of Bitcoin can be spelled out very high and demand is also more and more. But still, Bitcoin can only be as a digital currency in the world of cryptocurrency.
If we are only claiming this thing based on the volatile nature of the bitcoin and the crypto currencies and that there is no other thing which we are considering, then you are right that bitcoin cannot be a global currency. However, if we consider all the things and that if there comes a time when the government declares their support for the bitcoin and the crypto coins, then this thing can surely happen.
newbie
Activity: 140
Merit: 0
May 26, 2018, 02:05:52 AM
I think that the notion of Bitcoin being a global currency is confusing. Are you saying that people will abandon their local fiat currencies and adopt Bitcoin? This will never happen. The best Bitcoin can achieve is being universally accepted in the mainstream as a currency without the sentiments being experienced now. If Bitcoin becomes a global currency as some people think, where then does decentralisation come in?
newbie
Activity: 93
Merit: 0
May 26, 2018, 12:01:54 AM
Bitcoin will be the only currency for internet payments replacing credit cards so in next five years we may see bitcoin is single largest currency on bitcoin

Bitcoin can still be a global currency in the next years to come, though right now bitcoin has limited features and is only good for investment, i still believe for its promising future waiting.
member
Activity: 280
Merit: 15
May 25, 2018, 08:54:11 PM
Bitcoin will be the only currency for internet payments replacing credit cards so in next five years we may see bitcoin is single largest currency on bitcoin
member
Activity: 238
Merit: 10
"SIMPLE SHOPPING AND SAFE PAY"
May 25, 2018, 01:44:53 PM
My opinion is that the technology itself blockade will receive a very large application in our world, but bitcoin will not become a world currency. Countries and the state can not allow this.
full member
Activity: 546
Merit: 100
May 25, 2018, 03:54:04 AM
Bitcoin will never be a global currency. Bitcoin will remain a digital currency. Bitcoin enthusiasts are a lot but this will not turn Bitcoin into a global currency.
newbie
Activity: 113
Merit: 0
May 25, 2018, 02:49:39 AM
It's already probably the most popular global cryptocurrency. Though it's not official in many countries, people keep using it and sending their funds daily from one point of our planet to another. You can't pay anywhere you want with even a dollar, so you can't require it from such a new thing as BTC
member
Activity: 448
Merit: 10
A Blockchain Mobile Operator With Token Rewards
May 25, 2018, 01:00:08 AM
Yes, of course, Bitcoin is not going to be a global currency. Bitcoin will continue to be a digital currency that only lives and survives on the internet. Although the price of Bitcoin bis touches the price is very high but this does not change Bitcoin into the global currency.
full member
Activity: 462
Merit: 100
Good Morning
May 24, 2018, 11:25:28 PM
Truly, we can sitting tight for that opportunity to comes so we can see that bitcoin will acknowledge in all nation and will turn into a worldwide cash. be that as it may, for the time being, I think it is sufficient for us to utilize bitcoin for a wellspring of wage so we can gather more bitcoin from step by step so when the time it comes, we are prepared to offer our bitcoin to profit. I trust that bitcoin will tackle all individuals' concern in monetary so they can tail us to endeavor to profit in the crypto world.
of course as an opportunity from the development of events it can be, but there are many obstacles in this. Since many people trust cash more, this is the case, then if it were possible to touch it, it would have been much better, since many could pay it off as a cash, and since these are pixels on the screen and just numbers will not happen.
So, in the best cases, they will come up with a common currency that can be for all the same and at the same time have an electronic look.
full member
Activity: 490
Merit: 100
May 24, 2018, 05:50:23 PM
I believe bitcoin will be the world digital currency. The world is fast becoming a global village through technology and I believe bitcoin will be the currency of the village.
Your positive attitudes towards bitcoin, and towards the best future of us, as it is true we are now getting towards digital system and our life is really connected to the digital way of payment now, as time passing people are being aware about bitcoin crypto currency, so I think there is 101% chances to see bitcoin as legal currency worldwide, it will increase more after a few years but we will have to wait for it, bitcoin is going to take over the crypto market within few years as already it is on demand and is famous enough.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
May 24, 2018, 04:38:23 PM
I believe that a time may come when bitcoin (or some other alt coin) will become a global currency. Popularity of fiat will slowly disappear. Who knows poverty might disappear too.
No one would have ever thought of this thing that bitcoin will have this much of the market value and that bitcoin will have this much of the fame and popularity as it has now. So, we can expect anything to happen in this world especially when it comes to that of the bitcoin. There are likely chances of this thing to happen and that if this thing ever happens, then this will surely help the people in much better way.
But I agree with that person that it is helpful to disappear unemployment problem because people are getting involve in this field with the help of bitcoin so no doubt that people will priority will accept Bitcoin payment instead of fiat because bitcoin is that option of payment where they will don't think about the another thing which are not helping them to make earnings , so surely they will give priority to the bitcoin to use .
And here I am 100% sure that in the coming years of 10 year bitcoin will be a option for everyone to accept as a payment from one country to another country legally without any restriction ( even today we have no restrictions but still few regulations and rules are not in favour to Ake transaction from one country to another country without taxation ) .
I think bitcoin has nothing to do with poverty because poor people cannot but bitcoin. Other issue is that bitcoin will take over in the future or not. There is no doubt that bitcoin or any other cryptocurrency will hold the market because people are investing in bitcoin and everyone wants one usable currency in the globe, so that no need for exchange local currency.
Well I am not agree with your thinking as bitcoin is not only for the rich but a lot of poor people are using bitcoin to get a better life, if they are not affording to buy bitcoin then there is other option to use campaigns and earn free from bitcoin with talent and knowledge, as we see now almost everyone is ready to invest in bitcoin because it gives profit and it gives income, gradually more and more counters are switching to bitcoin and blockchain technology, I think bitcoin has high chances to become global currency.

Bitcoin is not only for the rich but people see the price and they think that they will never be able to afford a bitcoin and to be honest I think they are right, how many people have so much money lying around their houses so they can invest in bitcoin, in the West saving is no longer part of the culture people instead rely on credit to buy stuff and I do not see that culture changing soon.
member
Activity: 420
Merit: 10
May 23, 2018, 11:26:01 PM
Yes, I agree Bitcoin is not going to be a global currency. Forever Bitcoin will continue to be a digital currency that only lives if there is the internet. With all the advanced technology available in Bitcoin, Bitcoin remains a cryptocurrency.
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