Bitcoin is Becoming a Global Currency - page 110.

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Quote from: sishendaoye on June 07, 2016, 08:07:19 PM

There is a chance that this will happen if the bitcoin continuous to grow more and more I really think we can achieve this.

Possibility is there, but very low. Now too its a global currency as its used over the entire world. If you think dollar has come across long years so to attain this place, likewise only after long run this might happen because bitcoin has existed just few years back.

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Quote from: Bitcoinbee on June 08, 2016, 01:55:01 AM

Bitcoin is indeed a global currency, and what is lacking is the number of users that is needed to support its global claim. It is far more better than any automated financial addressing system used nowadays. So to go globally bitcoin has to be recognized by even a fraction in the majority of individuals using the current technology. At least a fraction of that will be a lot.

There are hundreds of cryptocurrency varieties worldwide. Bitcoin loves everyone to refer to cryptocurrencies as "bitcoin." The reality is, that cryptocurrencies are already accepted globally as was PayPal before it.

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Bitcoin is indeed a global currency, and what is lacking is the number of users that is needed to support its global claim. It is far more better than any automated financial addressing system used nowadays. So to go globally bitcoin has to be recognized by even a fraction in the majority of individuals using the current technology. At least a fraction of that will be a lot.

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Bitcoin, from the start, has been a global currency. It can be used to purchase things from different parts of the globe with different online merchants accepting it as payment. But the greater concern should be on how it can serve more people in more places. The frequency of transactions compared to Paypal and credit cards are still miles away, but seeing how things are improving, I hope that bitcoin somehow gets into the realm of consciousness of the average citizens of the world.

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In the interest of international central banking system to do everything possible to keep control over the global financial system, as it revolve a lot of money.
Many do not beieve that Bitcoin could become the world's reserve currency, but with a similar cryptocurrency can happen anything.
In the near future, society will not start en masse to give up their bank accounts and create a Bitcoin wallet. It is clear that the chances of a decentralized global currency Bitcoin controlled miner and not central banks, are very small.

However, it is clear that Bitcoin will not be lost, and in a constantly evolving digital industry to it, no doubt, is provided.

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It is crossing the chasm first in the emerging market economies

https://coin.dance/volume/localbitcoins

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Quote from: sishendaoye on June 07, 2016, 08:07:19 PM

There is a chance that this will happen if the bitcoin continuous to grow more and more I really think we can achieve this.

Is it not achieved yet? I think it is a global currency now. I guess we are thinking of fiat when we say global. It is not physical money but online it is global. Even if you go in Africa you can access bitcoin.

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There is a chance that this will happen if the bitcoin continuous to grow more and more I really think we can achieve this.

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Quote from: Taki on June 07, 2016, 04:53:54 PM

Slowly but it is really becoming a global currency. More and more people use it and cause of that more and more sites and gadgets that accept it appear. I was reading that soon appear an ATC that accept bitcoins, somewhere in America. And I'm sure other countries will repeat it in few time.

I mean, I can see a world where we wouldn't use just bitcoin, but in terms of where/who it can reach in that you can send it to any one relatively quick I can see what you are saying. Plus, it's the closest thing to paying someone "under the table" for miscellaneous jobs online without taxes and that sort of thing, so I guess that's a plus. I couldn't even imagine having to file for taxes right now with all the random stuff I have bought and that sort of thing with bitcoin.

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Quote from: Jmild1 on June 07, 2016, 06:15:20 PM

Quote from: zalucia on June 07, 2016, 12:39:50 PM

Quote from: dilution007 on June 07, 2016, 03:57:18 AM

Bitcoin is Becoming a Global Digital Asset. Grin

It is recognized as property in many countries, including UK and the US. In Germany, it is regarded as currency.

Not quite yet, herc in Philippines where we are one of 3rd world country, bitcoin doesnt discovered yet by 97% of people

Very true. I only know of about 5 Australians who are on bitcointalk, and there's only one bitcoin atm in my state. It's also down for maintainance 24/7...

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Quote from: zalucia on June 07, 2016, 12:39:50 PM

Quote from: dilution007 on June 07, 2016, 03:57:18 AM

Bitcoin is Becoming a Global Digital Asset. Grin

It is recognized as property in many countries, including UK and the US. In Germany, it is regarded as currency.

Not quite yet, herc in Philippines where we are one of 3rd world country, bitcoin doesnt discovered yet by 97% of people

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Slowly but it is really becoming a global currency. More and more people use it and cause of that more and more sites and gadgets that accept it appear. I was reading that soon appear an ATC that accept bitcoins, somewhere in America. And I'm sure other countries will repeat it in few time.

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Quote from: expert4knowledge on June 03, 2016, 03:07:10 PM

Bitcoin has the potential to become the second global currency specially in digital environment and not more.

if we talk about digital world then I think bitcoin will not be the second global currency, but it will take the first place and everyone on internet will prefer it first.

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Quote from: avw1982 on June 07, 2016, 01:47:39 PM

Quote from: BigBos on June 07, 2016, 01:29:36 PM

bitcoin has great potential as a currency, even on the internet. The new bitcoin several years appeared on the internet, but the price has overcome paypal, I guess it's possible for bitcoin, but not everyone can use it

The currency is now getting a viral level where the governments will find impossible to control or contain living them with only one option of accepting it and moving forward and maybe formulating some laws regarding the btc. This is surely a global currency that will usefully bring change in some years.

What is it with the gov acceptance and law obsession?! This paradigm is obsolete, move on already.

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Quote from: BigBos on June 07, 2016, 01:29:36 PM

bitcoin has great potential as a currency, even on the internet. The new bitcoin several years appeared on the internet, but the price has overcome paypal, I guess it's possible for bitcoin, but not everyone can use it

But anyway it's so far from becoming a global currency, many countries banned bitcoin and it's very sad, cause bitcoin is really good as currency.

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Quote from: BigBos on June 07, 2016, 01:29:36 PM

bitcoin has great potential as a currency, even on the internet. The new bitcoin several years appeared on the internet, but the price has overcome paypal, I guess it's possible for bitcoin, but not everyone can use it

The currency is now getting a viral level where the governments will find impossible to control or contain living them with only one option of accepting it and moving forward and maybe formulating some laws regarding the btc. This is surely a global currency that will usefully bring change in some years.

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bitcoin has great potential as a currency, even on the internet. The new bitcoin several years appeared on the internet, but the price has overcome paypal, I guess it's possible for bitcoin, but not everyone can use it

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Quote from: dilution007 on June 07, 2016, 03:57:18 AM

Bitcoin is Becoming a Global Digital Asset. Grin

It is recognized as property in many countries, including UK and the US. In Germany, it is regarded as currency.

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Bitcoin is Becoming a Global Digital Asset. Grin

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Quote from: Doms on June 06, 2016, 10:06:28 PM

Quote from: richardsNY on June 06, 2016, 05:46:49 PM

Quote from: DeDordtenaar on June 06, 2016, 05:17:25 PM

Quote from: ElpadroBitcoin on June 06, 2016, 11:26:25 AM

Quote from: Gliassa on June 06, 2016, 06:42:56 AM

You already can see now that Bitcoin is already used all over the world and that is nice and I also think that the value of Bitcoin is rising slowly now so that is really nice.
But it will be really hard to know what the value will be later but it is nice if it will be more popular and used.

Yeah it is being used all over the world so you can see it as a global currency but is is not used by the majority of the people. I think that that should be there aim.

yeah although bitcoin used worldwide but only a few people in each country who use bitcoin? even in my town only me who know and use bitcoin. I wanted to be a pioneer bitcoin in my town. but I always failed in promoting. bitcoin still have a few users dude

The well known media channels are champion in talking down on Bitcoin. The far majority of their reports about Bitcoin are negative. When there is something good happening they don't even cover it. But as soon as an exchange gets hacked, or the recent drama with Craigh Wright, they cover it immediately.

That is because bad news creates more impact. People, in general, pay closer attention to negative news and seems to be disinterested in moderately good news. But bad publicity for bitcoin is still publicity, and sooner or later, people are going to see good news coming, what with the bitcoin price climbing rapidly the past few weeks.

Bitcoin really create a breakthrough in business sector for making some transaction convenient and anonymous and i dont really doubt that it will gain more and more popularity in the future since the market of it getting wider and it is spread all around the globe, and bitcoin now is being advertise anywhere and in tv add thats why bitcoin will gain more success, thats why we can really threat it as global currency because we do trades and transaction with it without any error and hassle in internet world.

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