Bitcoin is an exceptionally poor currency. It's expensive, it's slow, it doesn't scale... Nothing in the OP post supports the subject of the thread that bitcoin could win the currency war. Bitcoin will have to solve all three of it's major problems to win any type of currency war. Cash is superior in every aspect right now, and centralized payment systems are far superior to a decentralized blockchain system thus far.
All this points of yours really needs debate, saying that centralized currency is far preferable than decentralized currency, i think these really need more explanation or insights, it's accepted that centralized currency come into existence before digital currency, which digital can be decentralized currency, because looking at the current situation of nature it's obvious that people uses the digital system of payment which might be cryptocurrency and especially Bitcoin, so it's left to individual to decide for a means of payment, so am disputing the fact that fiat currency is superior than crypto, automatically it depends on the environment we found ourselves for transportation, many people currently accepts crypto because they use it for investment within short period. 
Topic: Bitcoin could win the currency war - page 2. (Read 931 times)
Bitcoin has almost reached all the qualifications to win the currency war except for the acceptance by the government. It still needs more adoption for the world to recognize it as a top currency. However, that could possibly happen soon if people would prefer using it as a mode of payment and lots of huge establishments would adopt it.
With this extraordinary price increase, of course, many people do not underestimate bitcoin anymore, moreover, bitcoin is considered a noble asset that is good for long-term storage. but indeed until now its main function as a currency has not been able to be fulfilled, because there are still many governments that oppose it as a means of payment, but do not prohibit their citizens from owning bitcoin 
We still cannot jump into conclusions and make statements like that considering the position of bitcoin at the moment. It may look good and it had a great price but still, there are a lot of things needed first before it can win the currency war. It is a decentralized currency so it will be difficult for many countries to tolerate the use of it. Many people might be boastful on bitcoin's position and they have all the reason to do so, but still we should know bitcoin limits for now, it may still change in the future actually.
There is no country that can own Bitcoin, it’s not possible, so I don’t really see Bitcoin as a currency but a store of value. And if you look at the way that things are going with bitcoin you will see that it is becoming more of a store of value, because most people these days can’t really afford to use it for day to day transactions like they do before, unless you’re sending huge amount of money that you don’t do everyday.But we do know for sure that Bitcoin is going to be growing and it’s going to reach a level where it will be one of the most valuable assets for anyone to own in the world, so those who have invested in it earlier are sure going to benefit from it, but it can’t be owned by any country, not China and not even the US can own it, it’s meant for the whole world and everyone is free to use it. So whatever kind of economy competition these countries have, it’s all up to them and Bitcoin is not part of it.
Bitcoin is an exceptionally poor currency. It's expensive, it's slow, it doesn't scale... Nothing in the OP post supports the subject of the thread that bitcoin could win the currency war. Bitcoin will have to solve all three of it's major problems to win any type of currency war. Cash is superior in every aspect right now, and centralized payment systems are far superior to a decentralized blockchain system thus far.
We still cannot jump into conclusions and make statements like that considering the position of bitcoin at the moment. It may look good and it had a great price but still, there are a lot of things needed first before it can win the currency war. It is a decentralized currency so it will be difficult for many countries to tolerate the use of it. Many people might be boastful on bitcoin's position and they have all the reason to do so, but still we should know bitcoin limits for now, it may still change in the future actually.
Bitcoin has almost reached all the qualifications to win the currency war except for the acceptance by the government. It still needs more adoption for the world to recognize it as a top currency. However, that could possibly happen soon if people would prefer using it as a mode of payment and lots of huge establishments would adopt it.
With this extraordinary price increase, of course, many people do not underestimate bitcoin anymore, moreover, bitcoin is considered a noble asset that is good for long-term storage. but indeed until now its main function as a currency has not been able to be fulfilled, because there are still many governments that oppose it as a means of payment, but do not prohibit their citizens from owning bitcoin from year to year we can see the price of bitcoin is getting up and it's really amazing,
I don't think all countries allow bitcoin to be a means of payment but we'll see what happens in the next few years
Bitcoin has almost reached all the qualifications to win the currency war except for the acceptance by the government. It still needs more adoption for the world to recognize it as a top currency. However, that could possibly happen soon if people would prefer using it as a mode of payment and lots of huge establishments would adopt it.
With this extraordinary price increase, of course, many people do not underestimate bitcoin anymore, moreover, bitcoin is considered a noble asset that is good for long-term storage. but indeed until now its main function as a currency has not been able to be fulfilled, because there are still many governments that oppose it as a means of payment, but do not prohibit their citizens from owning bitcoin
Why go to a war when we can easily coexist with other currencies plus in any form of war, there will always be a casualty and I don't think that a decentralized platform will be able to do it.
Bitcoin has almost reached all the qualifications to win the currency war except for the acceptance by the government. It still needs more adoption for the world to recognize it as a top currency. However, that could possibly happen soon if people would prefer using it as a mode of payment and lots of huge establishments would adopt it.
Seeing comments about China vs US, as the post was a little convoluted in its purpose, or the title was misleading. Bitcoin can't possibly win the currency war, as it's terrible for that purpose. It may have its place as the original, but there are way better crypto options for a usable currency. Speedy transactions and low transaction fees come to mind immediately as cons for Bitcoin.
Maybe with additional development, but then it's possible that like with the Eth vs Bnb discussion, upgrades to the network may be "too little too late."
Maybe with additional development, but then it's possible that like with the Eth vs Bnb discussion, upgrades to the network may be "too little too late."
When it comes to military, for sure the US has the strongest military there is right now, so I don’t think china is going to be competing in that area. This is not like the old days, and the US keeps on advancing. So, the Chinese is just going to keep trying to up their economy and that’s what they will be doing and the area they can be able to compete. As for Bitcoin, whatever these people are doing is just their own business, one thing I know for sure about Bitcoin is that no matter what it is going to keep on growing big every year, it’s not going to stop growing.
People are now starting to realize that the Bitcoin is the key to financial freedom. And governments around the world cannot stop people from making use of cryptocurrency, that won’t happen, people will still be able to make use of bitcoin even if it’s banned in their countries, that’s the good thing about it.
People are now starting to realize that the Bitcoin is the key to financial freedom. And governments around the world cannot stop people from making use of cryptocurrency, that won’t happen, people will still be able to make use of bitcoin even if it’s banned in their countries, that’s the good thing about it.
I believe that the crypto (not Bitcoin alone) is winning the hearts of everyone all over the world. And if we talk about BTC only, it's being given very much importance in Google Search as it topped in Turkey while Lira (the currency of Turkey) falls over 15% in a day. I believe that an extremely hard competition for both paper and digital money (in fiat) arose after BTC got such huge recognition from major institutionalists as well as companies.
It doesn't really mean anything. Cryptocurrency has become more interested in terms of its price increase and frequent mention of it in the media. However, states will never switch to using a decentralized cryptocurrency. It is already clear that instead of cryptocurrency, they will use their digitized central bank currencies.There has always been war and rivalry between the currencies of states and it will continue regardless of the availability of cryptocurrencies. But the states will always have cryptocurrency in the background after their own currency.
Government will always choose a currency that they have full control of. And in case with cryptocurrency, they do not have that kind or power. So very low chance that it will be considered the major currency even few years from now. But of course, crypto can always co-exist with central bank's currencies. Local fiat most likely be the main currency, very likely that we will have this in our lifetime. Bitcoin adoption may grow, but it is hard to qualify this to be the major currency, when we talk of global influence.
I believe that the crypto (not Bitcoin alone) is winning the hearts of everyone all over the world. And if we talk about BTC only, it's being given very much importance in Google Search as it topped in Turkey while Lira (the currency of Turkey) falls over 15% in a day. I believe that an extremely hard competition for both paper and digital money (in fiat) arose after BTC got such huge recognition from major institutionalists as well as companies.
It doesn't really mean anything. Cryptocurrency has become more interested in terms of its price increase and frequent mention of it in the media. However, states will never switch to using a decentralized cryptocurrency. It is already clear that instead of cryptocurrency, they will use their digitized central bank currencies.There has always been war and rivalry between the currencies of states and it will continue regardless of the availability of cryptocurrencies. But the states will always have cryptocurrency in the background after their own currency.
I believe that the crypto (not Bitcoin alone) is winning the hearts of everyone all over the world. And if we talk about BTC only, it's being given very much importance in Google Search as it topped in Turkey while Lira (the currency of Turkey) falls over 15% in a day. I believe that an extremely hard competition for both paper and digital money (in fiat) arose after BTC got such huge recognition from major institutionalists as well as companies.
It doesn't really mean anything. Cryptocurrency has become more interested in terms of its price increase and frequent mention of it in the media. However, states will never switch to using a decentralized cryptocurrency. It is already clear that instead of cryptocurrency, they will use their digitized central bank currencies.There has always been war and rivalry between the currencies of states and it will continue regardless of the availability of cryptocurrencies. But the states will always have cryptocurrency in the background after their own currency.
I think bitcoin could win the currency war but if could be happen when one country put their full trust in the crypto currency, and if that situation happen, china might win, because they using higher than other countries however china will compete first to us to be more dominant because those countries are more advanced in terms of using high technology.
- You really know how to joke about this story, how bitcoin won all the trust and love from a country when the mystery about it is still a long list to answer, especially this product does not depend on countries, it is like an independent unknown standing in the gaze of nations, full of hidden sheaths and suppressing cravings from government. A little investment to compete for mutual profits is possible, wanting to put bitcoin on a currency war, perhaps no country in the world wants, profit and control in bitcoin is enough to be a common enemy of other countries 
I think bitcoin could win the currency war but if could be happen when one country put their full trust in the crypto currency, and if that situation happen, china might win, because they using higher than other countries however china will compete first to us to be more dominant because those countries are more advanced in terms of using high technology.
This is not a war and Bitcoin never competes with fiat or any local currency. People will know that Bitcoin isn't fully established as a currency but most investors are just considering this as a store of value and investment. This just gives us another option, not a thing that it was created for the said purpose to replace fiat.
I don't know why some people wanted Bitcoin to replace fiat money. Or, I'm not sure if they know more about Bitcoin that they are confident enough that this never gives any problem in the future.
I don't know why some people wanted Bitcoin to replace fiat money. Or, I'm not sure if they know more about Bitcoin that they are confident enough that this never gives any problem in the future.
The world is still full of love, and love allows us to overcome all difficulties. We must always believe that love exists. We must not only believe in love, but we must also dedicate our love to let others feel the existence of love.
Here in India, there's a lot of FUD that the government is only interested in using Blockchain technology and use it for the digital rupee, but without allowing cryptocurrencies like Bitcoin and Ethereum (and others) join the technology. Stupid people don't even know that testing a bike without tyres is impossible. 
I saw Americans too got caught by their Government when their gov said that they will be increasing the tax rates now just because they've been providing "free money" to their public through lots of continuously ongoing stimulus. I still don't understand what gives these Governments a huge level of confidence to trust their traditional banking only over crypto?
All these bans on cryptocurrencies will be a temporary phenomenon if other states actively allow the use of cryptocurrencies, just a look from the outside at the successful and most importantly profitable use of cryptocurrencies for other states can bring the right understanding to the minds of statesmen I saw Americans too got caught by their Government when their gov said that they will be increasing the tax rates now just because they've been providing "free money" to their public through lots of continuously ongoing stimulus. I still don't understand what gives these Governments a huge level of confidence to trust their traditional banking only over crypto?
By the way, some tax increases were already implied by the election promises of the current American administration, and what sauce it will be packed with for the layman is not the essence of the matter 
Saying that bitcoin has a significant impact is a subjective thing to say because in my opinion because bitcoin did shook the foundations of the existing financial institutions but it didn't replace it or anything in that realm, if there really is a war, I think that everything is just getting started, we are just putting everything in place.
Well, isn't shocking it enough? I mean it doesn't need to replace it, it needs to change it just enough to make fiat world realize that if they go on with their regular methods this way, they are going to lose and much more people will turn to crypto. Plus we are now seeing a lot of places starting their own cards, which will allow people to never own fiat at all, with the exchanges cards you will be capable of spending your bitcoin anywhere you go, and those places will be paid with fiat while you pay with bitcoin, thanks to those cards.The more that gets famous the more people will stay in crypto and not move to fiat and there will be a stage where fiat will be even worse when it was today (which is already very bad) this is why I think it is quite important to realize even if we manage to just change a few things in the fiat world that would be a big win for us.
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