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.
Topic: Bitcoin cannot be a global currency - page 55. (Read 5120 times)
I don’t know what you’re talking about, but Bitcoin is decentralized and by being decentralized makes it global (meaning that anyone can make use of it without any restrictions, except the ones placed the government. The only thing that Bitcoin doesn’t have the qualities of achieving is being a real currency… it can’t be a real currency. Well, it’s just an asset. And I don’t believe what you’re saying about human beings originating from monkeys, maybe your family did, but not mine, I don’t believe that trash.
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?
But who in reality can trust bitcoin completely? Does anyone change all of their money into bitcoin?
For me bitcoin now is a global currency in another aspect or world. It may not be a currency like dollar for those simple person known but in our cryptoworld bitcoin is the oldest, well known and the fundamental cryptocurrency.
So many have wondered if bitcoin could be the next global currency. While you may have heard the term bitcoin thrown around, it is understandable if you’re still fuzzy on the intricacies of this digital payment system. Before attempting to answer the question posed above, it is important to understand exactly what a bitcoin is.
Bitcoin is a relatively new technology, in fact, it is less than a decade old. Created back in 2007, bitcoin is the world’s first decentralized virtual form of currency. As of fall of 2016, it is now an accepted form of payment in dozens of countries around the globe. As more nations continue to adopt this groundbreaking technology, it increases the chances that bitcoin will, in fact, become the next global form of currency and one of the few not tied to a specific nation’s economy or a banking system.
Experts estimate that in just three years, by the year 2019, there will be five million active bitcoin users. Of this five million, fifty-one percent of users are expected to be outside the United States.These are impressive statistics, however, consider an even more impressive estimation, bitcoins are expected to be the world’s sixth largest reserve currency by the year 2030.
Bitcoin is a relatively new technology, in fact, it is less than a decade old. Created back in 2007, bitcoin is the world’s first decentralized virtual form of currency. As of fall of 2016, it is now an accepted form of payment in dozens of countries around the globe. As more nations continue to adopt this groundbreaking technology, it increases the chances that bitcoin will, in fact, become the next global form of currency and one of the few not tied to a specific nation’s economy or a banking system.
Experts estimate that in just three years, by the year 2019, there will be five million active bitcoin users. Of this five million, fifty-one percent of users are expected to be outside the United States.These are impressive statistics, however, consider an even more impressive estimation, bitcoins are expected to be the world’s sixth largest reserve currency by the year 2030.
Chances of Bitcoin becoming a global currency it's still on the high side. certain things needs to fixed and currently it's lacking the required speed needed and transaction fees are still on the high side. Lightening network are meant to handle the issue of transaction feed and speed when fully implemented. But the volatility nature of the currency is what i don't know how it will be fixed. But am sure with time Bitcoin will be accepted as the internet money.
Yes, because they are a lot of resistance from government around the world so I'm not surprise that it will not be the future of the currency as what we all have been wanting to.
Government would rather deal with the old and traditional fiat like Dollars or even Gold to transact and trade with other nations. And just look at how slow the adoption of crypto, we are still not hitting 2% globally.
Chances of Bitcoin becoming a global currency it's still on the high side. certain things needs to fixed and currently it's lacking the required speed needed and transaction fees are still on the high side. Lightening network are meant to handle the issue of transaction feed and speed when fully implemented. But the volatility nature of the currency is what i don't know how it will be fixed. But am sure with time Bitcoin will be accepted as the internet money.
Bitcoin can be definitely a global currency in the sense of be accepted worldwide, but every country of course still needs its own local currency. A government can also not use bitcoin as its official currency where they have no influence whatsoever on it, this is clear. There are also a lot of altcoins available alternatively and we also do not need a global currency as globalization is not good for the average people.
It can only be a global currency for the elite few due to limitation. Other cryptocurrencies can pave the way for a dominant global currency. Only time will tell either way because there are several factors that could change the outlook.
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.
It can only be a global currency for the elite few due to limitation. Other cryptocurrencies can pave the way for a dominant global currency. Only time will tell either way because there are several factors that could change the outlook.
sure, the technology of bitcoin is too old.but now btc is still the king of cryptocurrency. I think bitcoin is gold, ethereum is gas for now
You never know about the future as we cannot predict that. I am very much sure that anything can happen in this world and that you can expect anything from bitcoin as this is the most valuable crypto coin and has defeated almost all other investments. It is just a matter of time which will decide the things but there is no such big reason because of which you can claim that bitcoin cannot be a global currency. bitcoin is one of the earliest coins invented why it can not be a global currency while it is mostly used for me as much as the bitcoin helped so they should make it a global currency.
This make me frozen for a second, can you please use some comma or period to avoid some sentence fragment. First invented? ( don't think so ) and also that is not enough to be counted as a global currency, specially some countries does not welcoming the bitcoin as currency. bitcoin is one of the earliest coins invented why it can not be a global currency while it is mostly used for me as much as the bitcoin helped so they should make it a global currency.
This make me frozen for a second, can you please use some comma or period to avoid some sentence fragment. First invented? ( don't think so ) and also that is not enough to be counted as a global currency, specially some countries does not welcoming the bitcoin as currency. 
bitcoin is one of the earliest coins invented why it can not be a global currency while it is mostly used for me as much as the bitcoin helped so they should make it a global currency.
Not all country has the buying power to have establishments that it focused on cryptocurrency, and considering in microeconomics that not even all people has access to internet while some can in their own internet cafe but it is quite limited.
If crypto is what we all believe it is, and thus far it has more than proven its power, then weaker economies are the ones who are badly in need of cryptos growth potential. If Belarus can jump into crypto like they did, there is no reason why similar countries (i.e. weak countries) can't do the exact same thing. Spain is a much larger economy, but even they are looking to open themselves up for the crypto rush that is only gaining popularity. Friendly tax policies and growth capabilities are all part of the plan to attract talent, new potentially billion dollar startups, etc. It could be a major long term boost for their country in all aspects, and that's the main point of importance here. Countries saying no to that are ill minded.
Its a fact that the concept behind bitcoin is decentralization but unfortunately its market is centralized.The whole market is manipulated easily by few persons or some specific country.If all this situation continues ,then its obvious bitcoin can't be a global currency.But we must never be pessimistic.Anything can happen in market.Lets hope for the best.
No need to use bitcoin as a global currency because it is one of the normal online currencies has a lot of development and value in short time but there is no guarantee about the stability and future so bitcoin cannot be used as global currency .
Its a fact that the concept behind bitcoin is decentralization but unfortunately its market is centralized.The whole market is manipulated easily by few persons or some specific country.If all this situation continues ,then its obvious bitcoin can't be a global currency.But we must never be pessimistic.Anything can happen in market.Lets hope for the best.
I really do believed that bitcoin can be a world currency. But it may not be happen for now but it could be a big possibility in the future to be happen I guess. Because if not, why some countries regulated them bitcoin as their alternative currency to their nations? isn't right? just think of it.
on the other hand we can easily see many projects based on blockchain that wants to take all the personal data of human and conduct a qr code to anyone like humans are a kind of goods which makes us as products in the middle of corporation (centralization)
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.
Uhm… I think that Bitcoin is kind of a global currency. I know I that most of the governments considers it as an illegal thing, but there are lots of other places you can stay to send and receive Bitcoin . So as long as you can use it to transfer and receive money, it’s still a global piece for sending and receiving money cause it is decentralized, meaning that anyone can make use if it, as long as their government approves the use of cryptocurrencies. 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.
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