Yes it will, imagine going to china, russia without exchanging Dollar into any other fiat. a lot easier than exchanging in every other Fiat currency. If you look to Europe it has one currency EURO, you dont need to change at every country you stop.
It's not possible dude, cause those main country specially in US, they are not allowed bitcoin to be a currency. Also, in a large land of China, the bitcoin is banned already. So do you think it will be a global currency? 
Topic: Bitcoin cannot be a global currency - page 54. (Read 5119 times)
Yes it will, imagine going to china, russia without exchanging Dollar into any other fiat. a lot easier than exchanging in every other Fiat currency. If you look to Europe it has one currency EURO, you dont need to change at every country you stop.
it is not possible for bitcoin to be global currency. even if it can be very difficult to materialize. but bitcoin can be the most valuable asset and the most popular transaction tool in the world. because bitcoin is very easy to use and without intermediaries.
If some country will published that Bitcoin will be there second currency and willing to coordinate to other country regarding this issue then many will be encourage to follow, specially when the proposal is good enough.
The question you should be asking yourself is that which country is actually willing to do that ?We are talking about the opposite of centralization here which the system of governance and banking of most countries are already accustomed to and we cannot just expect that to be given up for any reason. That is by the way.
OP really made some valid point and it seems the idea of centralization when it comes to market movement is still in play anyway since the whales still control things for their own greed. So, at the end, some will always have the power to always control things.
BTC can be a store of value but far too slow for a currency.
Just as slow as your capability to keep up with the latest developments concerning off-chain scaling solutions? Currently Bitcoin is considered to be too slow for a currency by you, but what happens when lightning network has been fully deployed globally? Is Bitcoin then too fast for a currency? It's clear that whatever Bitcoin is doing or capable of, people will always try to nitpick about other aspects. First Bitcoin was too slow. Second is already that certain people consider lighting network to be centralized. Third will be what? Bitcoin became too powerful? Or will we then again rehash the endless Bitcoin isn't anonymous nonsense due to the lack of other things to nitpick about? It is what it is I guess....
BTC can be a store of value but far too slow for a currency.
There's a possibility that all money will transform into digital or virtual currencies, but I was not so sure if they can become a global currency. Because until now there's a lot of people who cannot know how to used bitcoin and other crypto currency, it was due to they have a lack of knowledge regarding using of this coins as exchange of items. However I believe that when time comes there's a possibility that crypto currencies leads the whole world into digitalization.
then Amazon are now entering blockchain.
Amazon Wins Bitcoin Patent; System To Help Marketplaces, Logistics, and Law AgenciesYour mistaken bitcoin is already a global currency
The title is misleading he didn't realized that bitcoin is totally and completely became a global currency since few 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.
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.
too far to happen but it has a posibility... there are still issues to adress if thevworld decide to make bitcoin as a hlobal currency. there must be regulation and papers to put into discussion if someone will propose this to happen.
If some country will published that Bitcoin will be there second currency and willing to coordinate to other country regarding this issue then many will be encourage to follow, specially when the proposal is good enough.
It will. NASA then Amazon are now entering blockchain. Those are huge names and they have a lot of money. It would be stupid for someone to not accept that bitcoin will dominate all the currencies.
Your mistaken bitcoin is already a global currency considering that most of the world population is using and has knowledge about it, some even invested in it. And not a single individual can control the price of it cause it's a decentralized currency no one owns it. Not even the devs because without it's users they have no job right now.
Wars are happening because countries do not agree on some things so a currency that can be use by anyone in the world is not possible for me. I don't think we would be able to enforce it that very country accept bitcoin because each has different views of it. Some legalized it and some ban it because they cannot see the importance of it that's why it would be hard to make it a global currency. Each country has it own legal currency and making a global one would be near to impossibility.
It could be nearly impossible for bitcoin to become the global currency, but the possibilities to become the most used and most reliable method of payment around the globe is not impossible, because it has been gradually known worldwide and more and more people are already use it as a method of payment.
the pros and cons that exist in bitcoin for now this may be one of the factors that cause bitcoin can not be used as a global currency that can be adopted by each country. but that does not mean it can discourage the existence of bitcoin as a decentralized virtual currency. because I think it will be a lot of people who like bitcoin so bitcoin will remain the choice of every person who wants to save financial assets in the form of crypto.
Trust is a key issue in whether bitcoin can become a global currency, and if everyone trusts him, it can be used to make money.
But who in reality can trust bitcoin completely? Does anyone change all of their money into bitcoin?
If you want something you will have to invest three things, your capital, your patience to hold and your trust for bitcoin to get huge profit, bitcoin is getting legal in a lot of countries which is the sign that bitcoin will become the world legal currency ad it will increase high in price, so more countries will announce bitcoin as legal currency,. To me the increasing demand and the high acceptance will help us to make bitcoin global currency, as bitcoin is famous worldwide but we are just waiting for the worldwide acceptance. But who in reality can trust bitcoin completely? Does anyone change all of their money into bitcoin?
I think it won't go well with governments, some nations may have accepted bitcoins and
that's quite a good thing, talks of regulations and taxes may seem to indicate that the
probability of bitcoins becoming a global currency is gaining momentum. But until bitcoins
become stable and fully reliable, I think it's better of as a currency and a commodity.
Though I firmly believe that Bitcoin is the universal global cryptocurrency today, it's the
reigning supreme king of them all, it's influence and impact is paramount.
that's quite a good thing, talks of regulations and taxes may seem to indicate that the
probability of bitcoins becoming a global currency is gaining momentum. But until bitcoins
become stable and fully reliable, I think it's better of as a currency and a commodity.
Though I firmly believe that Bitcoin is the universal global cryptocurrency today, it's the
reigning supreme king of them all, it's influence and impact is paramount.
Well many countries are rejected and banned bitcoin and cryptocurrency. It might hard to accept but i think it takes time to makes cryptocurrency and blockchain technology being accepted by other countries. I'm sure someday in the future, we will apply these into our life, maybe not now but in the future.
Trust is a key issue in whether bitcoin can become a global currency, and if everyone trusts him, it can be used to make money.
But who in reality can trust bitcoin completely? Does anyone change all of their money into bitcoin?
I am unable to understand the reason because of which we are getting convinced to such kind of things that bitcoin cannot be the global currency. In fact, there are likely chances of bitcoin to become the world currency but that will surely take lot of time for things to settle down in a positive manner and to let others think in a positive manner regarding bitcoin and above all, to change the behavior of the government officials. But who in reality can trust bitcoin completely? Does anyone change all of their money into bitcoin?
The Financial Times entered into a discussion with Jack Dorsey.
Recently Jack Dorsey, co-founder of Twitter and a crypto-enthusiast, said that Bitcoin could become a global crypto currency in the next 10 years.
The Financial Times refutes Dorsey's optimism. First, the emission of crypto currency is limited, therefore Bitcoin will cost prohibitively expensive to become a global crypto currency, presumably, by 2028 its value will reach about $ 10 million.
Secondly, in the future, the operating costs for Bitcoin mining will be such that $ 15 million will be spent on generating bolkas. Since each block contains about 1500 transactions, each transaction will cost about $ 10,400. With an average price of 11 cents per kilowatt-hour, the energy consumption per transaction will be about 101,114 kWh.
Recently Jack Dorsey, co-founder of Twitter and a crypto-enthusiast, said that Bitcoin could become a global crypto currency in the next 10 years.
The Financial Times refutes Dorsey's optimism. First, the emission of crypto currency is limited, therefore Bitcoin will cost prohibitively expensive to become a global crypto currency, presumably, by 2028 its value will reach about $ 10 million.
Secondly, in the future, the operating costs for Bitcoin mining will be such that $ 15 million will be spent on generating bolkas. Since each block contains about 1500 transactions, each transaction will cost about $ 10,400. With an average price of 11 cents per kilowatt-hour, the energy consumption per transaction will be about 101,114 kWh.
Bitcoin can only be a global currency only if every country recognize this thing but I think we need more time for that. Bitcoin is a first cryptocurrency and i believe it will continue to spread around the world until it recognized and acceptable around the world.
The government will always know about technological and economic developments. They have decision to bitcoin it's not mean they didn't know bitcoin and cryptocurrency, because before deciding to ban or accept cryptocurrency they will control feasible or not feasible if acceptable in their country. They will always have a reason why banned bitcoin. And it is very unlikely for those who banned bitcoin now and in the future they will accept bitcoin and cryptocurrency. They will stick to the first decision to ban bitcoin, no more.
Jump to: