Bitcoin is Becoming a Global Currency - page 114.

Mr.grin

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Quote from: deisik on May 21, 2016, 03:05:17 AM

Bitcoin already is a global currency in its own right since it has no national linking (and never had), unlike fiats. It can be used with universal easiness where it is only possible to use it...

So, in a sense, it was born as world currency

you really have very many countries that accept bitcoin, we just have to wait a few more years until the entire country receive bitcoin in the country.

john2231

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Quote from: terman45x on May 21, 2016, 09:50:58 AM

Quote from: fkvidar on May 21, 2016, 09:31:13 AM

Bitcoin users are almost from every country that means it is already global currency, and in next few years we will find majority of people would start using bitcoin.

Agreed, and we will see increase in user base in coming years and many countries like Brazil will welcome bitcoin into their family which will take bitcoin to the highest level.

Yeah your right guys.. brazil has 150 stores right now accepting bitcoin and it will increase more in this year.. hopefully it will happen to other countries.. this is the future..and all coutries are adopting bitcoin to use in the stores..

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Quote from: fkvidar on May 21, 2016, 09:31:13 AM

Bitcoin users are almost from every country that means it is already global currency, and in next few years we will find majority of people would start using bitcoin.

Agreed, and we will see increase in user base in coming years and many countries like Brazil will welcome bitcoin into their family which will take bitcoin to the highest level.

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Bitcoin users are almost from every country that means it is already global currency, and in next few years we will find majority of people would start using bitcoin.

deisik

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Bitcoin already is a global currency in its own right since it has no national linking (and never had), unlike fiats. It can be used with universal easiness where it is only possible to use it...

So, in a sense, it was born as world currency

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Bitcoin can be used in many countries. It is accepted by various international companies. I bought things with it.

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Would bitcoin higher price be because of the exchange rate from USD to *insert foreign currency here?

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Quote from: Marbit on May 20, 2016, 11:37:21 AM

Quote from: marcus_of_augustus on March 28, 2014, 04:10:58 AM

I'm not sure I would class some of those countries as 'major' ... but there is a general sense now that bitcoins are leaving the USA, and at an accelerating rate.

Bitcoin is becoming Global currency because of majority of people using it as like as most popular business method. all over the world know regarding bitcoin So it will happen in the future.

That's true, with bitcoins it makes our life comfortable in doing online transaction, with the coming of massive adoption it will increase the market of bitcoins and it will not be limited to gambling majorly. We can see also a lot of merchants with different products and services.

Marbit

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Quote from: marcus_of_augustus on March 28, 2014, 04:10:58 AM

I'm not sure I would class some of those countries as 'major' ... but there is a general sense now that bitcoins are leaving the USA, and at an accelerating rate.

Bitcoin is becoming Global currency because of majority of people using it as like as most popular business method. all over the world know regarding bitcoin So it will happen in the future.

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Quote from: Piltover on May 20, 2016, 08:57:14 AM

Quote from: diodio5 on May 18, 2016, 05:32:12 PM

Quote from: bitlancr on May 17, 2016, 08:48:46 AM

No Bitcoin is already a global currency if you count the fact that everybody in the world can make use of it. But not everybody is making use of it so if you look at it that way it is not a global currency but it sure has the potential to become one.

yeah probably every country has bitcoin users so perhaps it could be called as a global currency. but not everyone wears bitcoin. it's just like the dollar. the dollar is the global currency but not everyone uses the dollar.
so actually bitcoin has become a global currency

Bitcoin is already a Global Currency and that is because it is almost used all over the world so that is perfect and that have also to change because it must be more acceptable.
So the people with already Bitcoin can spend it more in the future and have also some profit maybe.

Bitcoin is not yet global currency, very few people are using it, and to be honest I feel that dollar is global currency as it widely used and accepted.

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Quote from: diodio5 on May 18, 2016, 05:32:12 PM

Quote from: bitlancr on May 17, 2016, 08:48:46 AM

No Bitcoin is already a global currency if you count the fact that everybody in the world can make use of it. But not everybody is making use of it so if you look at it that way it is not a global currency but it sure has the potential to become one.

yeah probably every country has bitcoin users so perhaps it could be called as a global currency. but not everyone wears bitcoin. it's just like the dollar. the dollar is the global currency but not everyone uses the dollar.
so actually bitcoin has become a global currency

Bitcoin is already a Global Currency and that is because it is almost used all over the world so that is perfect and that have also to change because it must be more acceptable.
So the people with already Bitcoin can spend it more in the future and have also some profit maybe.

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Quote from: bitcoin-hunter on May 19, 2016, 04:11:30 AM

You can see Bitcoin as a global currency because literately everybody who has access to the internet can make use of it. But not everyone is making use of it so if you look at it that way it is not a global currency but it has the potential to become one.

connected to the internet all over the world and all countries use the internet. so if each country has a bitcoin user so it can be interpreted that bitcoin accepted in every state You do not need to wait for everyone to wear bitcoin because they it is impossible. I think bitcoin has become a global currency

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Quote from: danherbias07 on May 20, 2016, 04:00:24 AM

Quote from: bias on May 20, 2016, 03:45:24 AM

i think its safe to say that Bitcoin is already a Global Currency. i just hope countries that have it banned can lift those bans Cool

Thinking about those "bitcoin banned country" I cant really see how they did it. First of all it is online currency. So you just need internet. How they can stop that? Banned an IP whenever it reads a "bitcoin" word in it? Just having a thought of it. How?

Countries who banned bitcoins are those corrupt countries, they are afraid of this technology because bitcoin is transparent, fast, and secure. With the people adopting to this they cannot continue their shady transactions which is only to serve their personal interest instead of the people.

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Quote from: bias on May 20, 2016, 03:45:24 AM

i think its safe to say that Bitcoin is already a Global Currency. i just hope countries that have it banned can lift those bans Cool

Thinking about those "bitcoin banned country" I cant really see how they did it. First of all it is online currency. So you just need internet. How they can stop that? Banned an IP whenever it reads a "bitcoin" word in it? Just having a thought of it. How?

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Tha fact itself that the Bitcoin is a virtual currency makes it global because it doesn't belong to any country or jurisdiction of any state in particular. That is one of the biggest values of Bitcoin. It's available to anyone, people just have to take it.

bias

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i think its safe to say that Bitcoin is already a Global Currency. i just hope countries that have it banned can lift those bans Cool

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Quote from: Doms on May 19, 2016, 08:59:52 PM

If by global it means being able to act as currency in different parts of the world, it can be considered so because it is accepted as payment online globally. How many use at as payment option is the question to ask. Mass adoption will take a while because of technology hindrances, especially in third world countries.

Yes, it is.
To promote Bitcoin need to distribute information about it. Governments of the third world should take example and experience from advanced technological development of States. And also, it is necessary to improve relations between the countries, it will learn from each other.

Doms

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If by global it means being able to act as currency in different parts of the world, it can be considered so because it is accepted as payment online globally. How many use at as payment option is the question to ask. Mass adoption will take a while because of technology hindrances, especially in third world countries.

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Quote from: adibe on May 19, 2016, 09:38:52 AM

Quote from: Bitcoinbro on May 19, 2016, 09:29:41 AM

The bitcoin will not be a global currency because its just too small and banks will always try to stop this.
I think there is maybe a chance but it will be a very small chance, it first needs to gain popularity.

Yeah, maybe someday all people around the world will accept bitcoin for a global currency. If this happened, it will make bitcoin become popular and the price of bitcoin will increase too.

all people will accept bitcoin but "the local currency like yuan in chinese, baht in thailand, rupiah in indonesia, rupe india, can't be replace with any new currency" , now Us dollar is global currrency but in the all of country, the local currency is the main payment processor.

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Quote from: adibe on May 19, 2016, 09:38:52 AM

Quote from: Bitcoinbro on May 19, 2016, 09:29:41 AM

The bitcoin will not be a global currency because its just too small and banks will always try to stop this.
I think there is maybe a chance but it will be a very small chance, it first needs to gain popularity.

Yeah, maybe someday all people around the world will accept bitcoin for a global currency. If this happened, it will make bitcoin become popular and the price of bitcoin will increase too.

Adoption level is key here, if adoption goes higher then it will take bitcoin to next level, and if majority of people worldwide starts using bitcoin then it can surely become a global currency.

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