Bitcoin Coin - page 2. | Bitcointalksearch.org

indrakusumaindra

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Quote from: goaldigger on June 10, 2019, 02:15:36 AM

What if bitcoin as cryptocurrency didnt work? Do you think this kind of currency would be better?

A dream of having a single currency to be used worldwide is what bitcoin is made to. A currency that doesnt need to be converted into different local currencies with different values. If crypto fails, this idea can be better. If we can produce a coin that doesnt need to be converted and can be acceptable worldwide then its like crypto and fiat fusion. What is the odds?

- Who country will produce this?
Since we have worldwide organizations, it can be decided that way. Maybe China since they are just against crypto and maybe they want it more. They are the most capable of production anyway.

- On what value it will be based on?
I dont know much about this one but if im correct, it will be also based on worldwide economic aspects. Since it has only one value worldwide.

- Isnt it effective since the value of money is different on all the countries?
I guess so. Economically speaking, it will take years of research for this kind of project to succeed. There are a hundreds of things that should be considered. If all nations will be equal, then i dont think there's a problem in this.

What do you think?

With a single currency i believe it will changes how we see currency right now. WIth a single currency i believe it will based only in trust of the people who are willingly to use it for transactions and i believe the fluctuation is more into commodity cause we have a single currency that are stable where ever you are.

shinharu10282016

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Quote from: goaldigger on June 10, 2019, 02:15:36 AM

What if bitcoin as cryptocurrency didnt work? Do you think this kind of currency would be better?

A dream of having a single currency to be used worldwide is what bitcoin is made to. A currency that doesnt need to be converted into different local currencies with different values. If crypto fails, this idea can be better. If we can produce a coin that doesnt need to be converted and can be acceptable worldwide then its like crypto and fiat fusion. What is the odds?

- Who country will produce this?
Since we have worldwide organizations, it can be decided that way. Maybe China since they are just against crypto and maybe they want it more. They are the most capable of production anyway.

- On what value it will be based on?
I dont know much about this one but if im correct, it will be also based on worldwide economic aspects. Since it has only one value worldwide.

- Isnt it effective since the value of money is different on all the countries?
I guess so. Economically speaking, it will take years of research for this kind of project to succeed. There are a hundreds of things that should be considered. If all nations will be equal, then i dont think there's a problem in this.

What do you think?

1. What part of Bitcoin wouldn't work ? Any kind of cryptocurrency should be on the internet and not be physically tangible as it will characterize fiat money.

2. If any country would produce this, that would cause more imbalance on the wealth proportions of the world. Can lead to more poverty and wars.

3. Probably the same with fiat. It will all fall down on 'GOLD'.

4. Definitely not. If we look at it, one of Bitcoin's goal is to downplay the use of 'fiat'.

MadeinCoin

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Quote from: goaldigger on June 10, 2019, 02:15:36 AM

- Isnt it effective since the value of money is different on all the countries?
I guess so. Economically speaking, it will take years of research for this kind of project to succeed. There are a hundreds of things that should be considered. If all nations will be equal, then i dont think there's a problem in this.

What do you think?

I don't think this is possible, every country has its own regulations on their currencies and that is independent. Especially with the US and China, these two countries certainly disagree because they will continue to fight. And if the world only has one currency, which is bitcoin, then what is the price of bitcoin? hasn't bitcoin been assessed through fiat so far? It looks like bitcoin is more suitable to work with Fiat to improve the world economy.

darewaller

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Anyone still talking about one world currency this time is a dumb person. The world doesn't need any one world currency. And by the way Bitcoin is not that so important as some of you makes it looks like. Bitcoin wasn't made for the purpose of one world currency, you failed completely by saying that,. Bitcoin was created for making transactions across the world cheap and fast.

There is no place that Satoshi Nakamoto said that Bitcoin was a one currency… it is stated clearly if you check for the meaning of Bitcoin. There is even a video on YouTube that explains that and there is also a post on the Bitcoin official website as well that addresses the purpose for Bitcoin.

DoublerHunter

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Well, having a physical coin of bitcoin isn't that a bad idea. However, the bitcoin is meant and made to be digital and that was the thing that made it unique compared to all form of currencies. You can always put addresses to the coin but for me, it is just a waste of time and money. Since it will always run with a computer/digital. Indeed, a person will not accept a physical coin until he can verify it online. So the point of having a physical coin is nonsense.

fiulpro

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They actually will Decide to have a global currency only when they aren't actually fighting.
The thing is , it's hard already for everyone to get involved with the other countrie's culture and anything that originated from there.
Let us take an example :-
Which is the universal language ?
English ! Right ?
Since it originated from Britain , countries like China and Japan they actually don't use it , they think they are disrespecting their own culture , therefore it is important to first maintain peace with everyone then think about something else.

bhabygrim

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Quote from: goaldigger on June 10, 2019, 02:15:36 AM

What if bitcoin as cryptocurrency didnt work? Do you think this kind of currency would be better?

A dream of having a single currency to be used worldwide is what bitcoin is made to. A currency that doesnt need to be converted into different local currencies with different values. If crypto fails, this idea can be better. If we can produce a coin that doesnt need to be converted and can be acceptable worldwide then its like crypto and fiat fusion. What is the odds?

-snip-

I don't think that it would be possible to happen a one currency for the whole world to use,
Bitcoin is made to be p2p to be decentralized to make us free from banks not to take over and be the only currency .
This kind of payment system has been long gone we have done it before in the past we use gold to trade or to pay for everything but back then it isn't just gold that is being used they also use silver ,
If you would look back in the future we already using different kinds of payment in every country and it always work that way even when Fiat take over and now in digital age we could also see it just look at the crypto market we aren't just using Bitcoin but there are also tons of crypto so it is clear that a single currency wouldn't happen no matter what we do.

sana54210

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Quote from: Kimonoe on June 11, 2019, 11:31:04 PM

Quote from: lepbagong on June 11, 2019, 07:59:40 AM

Quote from: wahyu wida on June 10, 2019, 11:05:15 PM

Quote from: Finestream on June 10, 2019, 04:40:57 PM

Quote from: Moshaid on June 10, 2019, 02:03:12 PM

I don't see this idea being accepted because a coin controlled by the whole seven great country would be really difficult to accept. One of the reason why bitcoin is what it is today is because it's not controlled by any factor nor governmental bodies which makes it a decentralized coin. I don't see any reason we should diversify to another coin rather let's make bitcoin adoption more popular.

Exactly.Instead of resorting into bitcoin coin,i think we should focus more on bitcoin adoption by the government.For me,bitcoin will not just fail easily knowing that every year its value increases long with its popularity too.More and more people are already inclined with bitcoin and all other forms of cryptocurrency.

right, the government holds control of a country. so every policy, of course, must be obeyed by its citizens. therefore I think this is the most effective step. and of course the policy must be in favor of the development of bitcoin

but is it really easy for a country to be able to control and operate bitcoin, because the movement of bitcoin is a uniqueness that cannot be regulated and moves up and down cannot be predicted at all. I think it's good to let Bitcoin grow on its own as it has happened so far. and supports so that bitcoin is more stable and moves in a positive direction

I don't think it's possible to regulate bitcoin, because of the decentralized system. no one can control bitcoin except for those who have the most supply of bitcoin. the more bitcoin is spread, I think it's increasingly difficult to control

I have been thinking a lot too, how regulation will encourage the government to adopt Bitcoin, but I have not really seen anything that will make regulation possible because of the reason you gave, it they regulate Bitcoin on paper, it will not hold much weight because government will still not have any clue to who uses Bitcoin for a transactions or who does not.

This is really going to be a difficult thing, the only thing they can regulate is cryptocurrency generally and which they must create their own decentralized coin before they can do so, and I think that is why India is planning to create their own digital coin instead of embracing Bitcoin.

Dontme

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Quote from: goaldigger on June 10, 2019, 02:15:36 AM

What if bitcoin as cryptocurrency didnt work? Do you think this kind of currency would be better?

A dream of having a single currency to be used worldwide is what bitcoin is made to. A currency that doesnt need to be converted into different local currencies with different values. If crypto fails, this idea can be better. If we can produce a coin that doesnt need to be converted and can be acceptable worldwide then its like crypto and fiat fusion. What is the odds?

- Who country will produce this?
Since we have worldwide organizations, it can be decided that way. Maybe China since they are just against crypto and maybe they want it more. They are the most capable of production anyway.

- On what value it will be based on?
I dont know much about this one but if im correct, it will be also based on worldwide economic aspects. Since it has only one value worldwide.

- Isnt it effective since the value of money is different on all the countries?
I guess so. Economically speaking, it will take years of research for this kind of project to succeed. There are a hundreds of things that should be considered. If all nations will be equal, then i dont think there's a problem in this.

What do you think?

Wow that is a good design. I don`t think bitcoin as a coin will work, I mean a single coin will be worth $10,000? It will be easy to loose it or got stolen. Also, they must use gold to make the coin if it will worth $10,000 which will really impossible to happen.

el kaka22

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While the whole world is turning their money into digital form it would be counter productive to actually make a new "coin" and print it out and try to make it accepted worldwide because that would result with a whole lot of centralized issues as well. Why would we want to go back in time instead of forward since we already have a futuristic currency and you want it to go back 5 steps and become a coin instead.

Hell even in today's world we use paper money more than change probably and we use cards (debit/credit) more than we use cash too so if you think about it even without crypto ever existing we are still digital because of banks and you want us to let that go and go back to printing coins. Nobody would accept something as foolish as this and it wouldn't even take off from the idea stage.

bitgolden

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Quote from: EdenHazard on June 11, 2019, 12:04:58 AM

There is no single currency on this world and it will never happen for sure. Government has a own currency and they won't change it or even attend to other countries' currencies. As for bitcoin and altcoin just an alternative currency which can be use by people if they doesn't has a fiat money and also I prefer for bitcoin to be use as like that. Other than that, with the current situation as everyone knows bitcoin still considered has a less feasible to be use as payment system because it's fee is really high. Comparing with fiat, we don't need to pay fee for per transactions we made.

Watch has things unfold and see if bitcoin will not eventually succeed in becoming a global currency, who would have ever thought before that there will be a time where Europeans will have single currency recognized in the whole of Europe, the only continent I see for now that still does not have single currency governing that region is Africa which Gadhafi tried to create before he was murdered.

It will be possible with time for us to have single currency because eventually someone will come up with such an idea, raise it and government of the whole world will see season why it is necessary and then implement it, but since bitcoin has already been created and known, I think they might pick bitcoin, or better still create a centralized coin.

harizen

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Quote from: goaldigger on June 10, 2019, 02:15:36 AM

A currency that doesnt need to be converted into different local currencies with different values.

It won't happen. It's too much to expect. Monetary values are different per country because it depends on the economic status of a certain country. Don't see how it will be possible to have a currency that has the same value per country.

Try to read some basics about Economics 101 and you will understand that even crypto isn't possible to make that.

bitcon

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Quote from: CryptoBry on June 10, 2019, 02:52:50 AM

One of the many things that bitcoin become very attractive to many people is that is it is in digital form...take that property away and you are just creating another fiat money not so dissimilar to what we already are using. In other words, there is no new innovation in there and would not make any sense (at least to me). In case bitcoin will eventually fail, the best alternative is to go back to gold -- real gold coins otherwise we just return to the normalcy. Plus you suggest the idea of involving China in making and managing the coins...that is blasphemy to say the least (lol). But I do appreciate the bitcoin image above though it is looking like a silver coin.

For me, it will be also better to see it as it is, in digital formate. Bitcoins can be stamped like fiat, I believe but they will lose their attraction - it will make crypto (!) currency not as safe as it is now.

kamudd

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It would be very difficult even impossible if bitcoin would be a real coin and could be used all over the world or even become a single currency. It remains like this and remains the most needed USD and Eur.

rizkyhiw

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What should be discussed again and indeed in this world there is no single currency and every country has their own currency with the system they built themselves for the progress of the country's economy, for cryptocurrency itself I think there are still many people who do not understand this technology and there , Many regions are lagging behind in terms of technological progress, Bitcoin still needs a lot of time to be recognized evenly throughout the world, Fiat is still the best now for each country and crypto is still largely an investment vehicle for future inventories.

ricardobs

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It's quite funny how some people like to ask unreasonable questions. Trust me, talking about one world currency is a stupid thing and I don't even know why anyone would be coming up with such an idea. Just look at your question, a currency that doesn't need to be converted but has a crypto and fiat fusion? That's not going to happen. If you feel like you need to be making use of cryptocurrency alone then you should consider making use of stable coins and no one is accepting those now, people just make use of them for storing their their coins and nothing else. So if you make use of stable coins you're not going to find places where they are being accepted, like for e.g in an online shopping store.

ajaymukund

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Yes, but each country has different development and has a different economy. countries cannot equal and use the same currency.
Besides, not everyone in the world knows about the internet or blockchain. So the development and the desire to use only one currency is impossible.

Adhichan

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Quote from: Kimonoe on June 11, 2019, 11:31:04 PM

Quote from: lepbagong on June 11, 2019, 07:59:40 AM

Quote from: wahyu wida on June 10, 2019, 11:05:15 PM

Quote from: Finestream on June 10, 2019, 04:40:57 PM

Quote from: Moshaid on June 10, 2019, 02:03:12 PM

I don't see this idea being accepted because a coin controlled by the whole seven great country would be really difficult to accept. One of the reason why bitcoin is what it is today is because it's not controlled by any factor nor governmental bodies which makes it a decentralized coin. I don't see any reason we should diversify to another coin rather let's make bitcoin adoption more popular.

Exactly.Instead of resorting into bitcoin coin,i think we should focus more on bitcoin adoption by the government.For me,bitcoin will not just fail easily knowing that every year its value increases long with its popularity too.More and more people are already inclined with bitcoin and all other forms of cryptocurrency.

right, the government holds control of a country. so every policy, of course, must be obeyed by its citizens. therefore I think this is the most effective step. and of course the policy must be in favor of the development of bitcoin

but is it really easy for a country to be able to control and operate bitcoin, because the movement of bitcoin is a uniqueness that cannot be regulated and moves up and down cannot be predicted at all. I think it's good to let Bitcoin grow on its own as it has happened so far. and supports so that bitcoin is more stable and moves in a positive direction

I don't think it's possible to regulate bitcoin, because of the decentralized system. no one can control bitcoin except for those who have the most supply of bitcoin. the more bitcoin is spread, I think it's increasingly difficult to control

bitcoin holder amount will make this coin could not controlled.but it still possible to regulate by local government.they only need to issue policy that contain about bitcoin regulation in their country.actually biggest bitcoin holder come from institution.retail trader has less amount.

Kimonoe

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Quote from: lepbagong on June 11, 2019, 07:59:40 AM

Quote from: wahyu wida on June 10, 2019, 11:05:15 PM

Quote from: Finestream on June 10, 2019, 04:40:57 PM

Quote from: Moshaid on June 10, 2019, 02:03:12 PM

I don't see this idea being accepted because a coin controlled by the whole seven great country would be really difficult to accept. One of the reason why bitcoin is what it is today is because it's not controlled by any factor nor governmental bodies which makes it a decentralized coin. I don't see any reason we should diversify to another coin rather let's make bitcoin adoption more popular.

Exactly.Instead of resorting into bitcoin coin,i think we should focus more on bitcoin adoption by the government.For me,bitcoin will not just fail easily knowing that every year its value increases long with its popularity too.More and more people are already inclined with bitcoin and all other forms of cryptocurrency.

right, the government holds control of a country. so every policy, of course, must be obeyed by its citizens. therefore I think this is the most effective step. and of course the policy must be in favor of the development of bitcoin

but is it really easy for a country to be able to control and operate bitcoin, because the movement of bitcoin is a uniqueness that cannot be regulated and moves up and down cannot be predicted at all. I think it's good to let Bitcoin grow on its own as it has happened so far. and supports so that bitcoin is more stable and moves in a positive direction

I don't think it's possible to regulate bitcoin, because of the decentralized system. no one can control bitcoin except for those who have the most supply of bitcoin. the more bitcoin is spread, I think it's increasingly difficult to control

lepbagong

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Quote from: wahyu wida on June 10, 2019, 11:05:15 PM

Quote from: Finestream on June 10, 2019, 04:40:57 PM

Quote from: Moshaid on June 10, 2019, 02:03:12 PM

I don't see this idea being accepted because a coin controlled by the whole seven great country would be really difficult to accept. One of the reason why bitcoin is what it is today is because it's not controlled by any factor nor governmental bodies which makes it a decentralized coin. I don't see any reason we should diversify to another coin rather let's make bitcoin adoption more popular.

Exactly.Instead of resorting into bitcoin coin,i think we should focus more on bitcoin adoption by the government.For me,bitcoin will not just fail easily knowing that every year its value increases long with its popularity too.More and more people are already inclined with bitcoin and all other forms of cryptocurrency.

right, the government holds control of a country. so every policy, of course, must be obeyed by its citizens. therefore I think this is the most effective step. and of course the policy must be in favor of the development of bitcoin

but is it really easy for a country to be able to control and operate bitcoin, because the movement of bitcoin is a uniqueness that cannot be regulated and moves up and down cannot be predicted at all. I think it's good to let Bitcoin grow on its own as it has happened so far. and supports so that bitcoin is more stable and moves in a positive direction

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