Bitcoin can end up a worldwide forex because it is now an customary form of charge in dozens of nations around the world. As more nations preserve to adopt this groundbreaking technology, it increases the probabilities that bitcoin will in truth come to be the next global form of forex.
Topic: Bitcoin cannot be a global currency - page 5. (Read 5119 times)
i think bitcoin will become a world currency, some people hard to accept it. The government and the central banks will not react if Bitcoin is not a treat on their business and shaddy transactions
No one can surely tell that bitcoin can be global currency and also can not be because there are various logics behind both of the issues.
I think Bitcoin will not be a global currency in the near term because there are too many countries that are not ready to accept bitcoin as an official option to make a payment transaction
Bitcoin is accepted in various countries but it will be difficult for it to be a global currency. A lot of people have their own negative thoughts about Bitcoin and it will take a long time for it to be accepted generally. It involves a lot of effort.
Of course, Bitcoin can be a world currency. However, Bitcoin is not valid in all countries. But seeing the popularity of Bitcoin,it will be the world currency for a time.Only the bitcoin has been known in all the countries, which could not make any other coins.Everywhere they are Bitcoin,world Currency Will be.
I have the same opinion as you though Bitcoin is not the world's currency but its presence in the nation is now huge in terms of quantity and value. In addition to the barriers of governments to limit the influence of Bitcoin but most people around the world know about it and are dealing with it. That also shows it's global because it only lacks government recognition in that country.
Bitcoin is percieved to be the future of all transactions. Gradually people are gaining insight into Bitcoin and cryptosystem each passing day. Many countries are yet to institute the legality of crypto. When these happens the speculations of a global currency would be achieved with bitcoin being the prime currency of 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.
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.
We are aiming globally so anyone who thinks that it will happen in a short time is losing their minds. Even Google spent decades to reach where they are. So we just need keep on what we are doing and we we will eventually reach it.
Bitcoin is already a global currency....and it is the common currency between all the countries...Not only that people are trading bitcoins...and now almost all the sites are accepting bitcoins...So we can say that it is already globally accepted.
I agree with your statement that bitcoin already global currency but around world we have 150+ nations and out of them how many nations recognize bitcoin and use it for their personal lives. we can count it on fingers. there are many constraints between bitcoin and fiat. so hopefully it will be used globally soon.
Bitcoin is already a global currency....and it is the common currency between all the countries...Not only that people are trading bitcoins...and now almost all the sites are accepting bitcoins...So we can say that it is already globally accepted.
I think this already happened... look around.
The blockchain revolution is upon us.
According to Bloomberg, 22% of USA residents report using BTC over USD. And adoption rate will increase in the future.
So many industries have been revolutionized by this public ledger technology that it's hard to keep track.
The blockchain revolution is upon us.
According to Bloomberg, 22% of USA residents report using BTC over USD. And adoption rate will increase in the future.
So many industries have been revolutionized by this public ledger technology that it's hard to keep track.
Why bitcoin can't be a global currency only because government are still not accept it but imagine when every country accept it and start using it fluently then it will obviously become the global currency.
That should mean that all of the countries that are accepting bitcoin have the whole nation using bitcoins. But, in a lot of countries, it's legal to use bitcoin for payments but we don't see people using bitcoin that much. I live in such a country and only a few are using bitcoins. A lot of people do know it, a lot of people have heard of it, but not a lot are actively using it. Some think that it's an Internet scam.Using your logic again, dollars is an example of such currency that you are talking about. Each country have their own currency. It's their way to protect themselves, in a way. Supposed that one currency is indeed being used by the whole world. There will be an unequal distribution of wealth. There will be rich people manipulating the whole thing as they are one of those people who have the most coins.
Just think about this, each country have their own different culture, tradition, beliefs, language, and most importantly, government. Why should we have the same currency?
The river of history does not peresoshnet.Progress can not be stopped.For new technological solutions, a new financial tool is needed. By spreading the crypto currency, it's still an honorable 6th place.
Before bitcoin will be accepted all over the world, he must go a long way to create regulation. On the one hand, bitcoin is created for freedom, and on the other hand, it also hinders him. In this case, we have complete uncertainty. People are afraid of uncertainty. Therefore, regulation is necessary.
For now it seems to be impossible but in future it can be possible. To be global currency bitcoin needs to be accepted by every country. But in present world most of the country don't accept bitcoin as a legal currency. Also many don't even know about cryptocurrency. So for now it is quite impossible to be global currency for bitcoin.
The stability and legitimacy of Bitcoin is now difficult to guarantee.
When the price of BTC tends to be stable, most countries in the world accept BTC, maybe BTC can become a common currency!
When the price of BTC tends to be stable, most countries in the world accept BTC, maybe BTC can become a common currency!
The dithering of the administration to give bitcoin time to be aggressive in the worldwide money field is its decentralized element. They fear cash they can't control or they can't benefit. On the off chance that this can be change or if nothing else somewhat support them as a government official fiscally, a conceivable discusses worldwide money is close. This is incomprehensible in nature and would the network will permit it. Who knows!
In order for Bitcoin to be a global currency, it needs to accepted by all Countries. We all know that some Countries are not legalizing Bitcoin. as for now, it's far from happening. maybe not in the following 2-5 years. But, who knows? maybe the World will adapt in Bitcoin faster than we expected.
Why bitcoin can't be a global currency only because government are still not accept it but imagine when every country accept it and start using it fluently then it will obviously become the global currency.
it seems to me that bitcoin is a very slow and very high cost transaction in his network in order to make it a world currency
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