Topic: Bitcoin is Becoming a Global Currency - page 122. (Read 226404 times)

Quote from: terman45x on April 17, 2016, 06:34:10 PM

Quote from: bitkilo on April 17, 2016, 11:19:52 PM

I would say bitcoin has always been a global currency since the 1st day it went live.
Think about it no matter where you were in the world as long as you had an internet conection and knew at least one other person with a wallet then you could send coins to each other.

Obtaining coins in say 2009 would not have been easy from most countries so i guess you could say that is becoming global.

At it start it has global potential, but since a few years it has become globally used. Which means progress.
In the future years to come i expect this to grow exponentially.

It has an potential to grow hugely but it doesn't promise that people will stop using fiat and will only use bitcoin for their day to day spendings, that is simply impossible.

Bitcoin will never replace fiat in any country around the world but it can and does get used by some for day to day spending.

I know a few people that make about 90% of all purchases and pay bills by bitcoin only.
If your like me and just hate banks then i try use bitcoin to pay for as much as i can.

If it does end up being used as paying bills aren't they afraid of the volatility of bitcoin. Not really useful as payment if it fluctuates so much.

I already pay a lot of my bills with bitcoin, i also pay my rent each fortnight with btc, granted i am using a third party for these payments because until these utilities companies can pay their own bills and employees with btc they will never accept bitcoin as a payment method.

Yap, I recently payed electric bills too. But the staff was confused on my payment system that i was referred to their IT guys and a lot of hustle occurred because its not really a tradition in my place the online transactions.

And i think if the times comes when the government recognizes btc, they gonna put tax on it.

Our government has already recognised that they can tax your bitcoins, actually they used to double tax them up till not long ago.
We used to have to pay 10% gst tax to purchase coins and then another 10% gst tax to spend them, I'm glad the government finally woke up to themselves and changed that rule.

What country are you in?

JesusHadAegis

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Quote from: Johnny00 on April 17, 2016, 09:08:11 PM

Quote from: terman45x on April 17, 2016, 06:34:10 PM

Quote from: Zacudis on April 17, 2016, 11:10:58 PM

I would say bitcoin has always been a global currency since the 1st day it went live.
Think about it no matter where you were in the world as long as you had an internet conection and knew at least one other person with a wallet then you could send coins to each other.

Obtaining coins in say 2009 would not have been easy from most countries so i guess you could say that is becoming global.

At it start it has global potential, but since a few years it has become globally used. Which means progress.
In the future years to come i expect this to grow exponentially.

It has an potential to grow hugely but it doesn't promise that people will stop using fiat and will only use bitcoin for their day to day spendings, that is simply impossible.

Bitcoin will never replace fiat in any country around the world but it can and does get used by some for day to day spending.

I know a few people that make about 90% of all purchases and pay bills by bitcoin only.
If your like me and just hate banks then i try use bitcoin to pay for as much as i can.

If it does end up being used as paying bills aren't they afraid of the volatility of bitcoin. Not really useful as payment if it fluctuates so much.

I already pay a lot of my bills with bitcoin, i also pay my rent each fortnight with btc, granted i am using a third party for these payments because until these utilities companies can pay their own bills and employees with btc they will never accept bitcoin as a payment method.

Yap, I recently payed electric bills too. But the staff was confused on my payment system that i was referred to their IT guys and a lot of hustle occurred because its not really a tradition in my place the online transactions.

And i think if the times comes when the government recognizes btc, they gonna put tax on it.

STT

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Quote from: Farma on April 17, 2016, 09:54:07 PM

Quote from: Zacudis on April 17, 2016, 09:14:32 PM

Next time i will write down the names of the places that accept bitcoin so that way I can post it.

Im surprised nobody keeps a central directory you can reference on a phone or something. I guess it would draw in some custom to be listed there, possibly a yellow pages type form of advertising for somebody who kept this upto date. Maybe google is so good its not required exactly

bitkilo

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https://www.bitcoin.com/

Quote from: Johnny00 on April 17, 2016, 09:08:11 PM

Quote from: terman45x on April 17, 2016, 06:34:10 PM

Quote from: Farma on April 17, 2016, 09:54:07 PM

I would say bitcoin has always been a global currency since the 1st day it went live.
Think about it no matter where you were in the world as long as you had an internet conection and knew at least one other person with a wallet then you could send coins to each other.

Obtaining coins in say 2009 would not have been easy from most countries so i guess you could say that is becoming global.

At it start it has global potential, but since a few years it has become globally used. Which means progress.
In the future years to come i expect this to grow exponentially.

It has an potential to grow hugely but it doesn't promise that people will stop using fiat and will only use bitcoin for their day to day spendings, that is simply impossible.

Bitcoin will never replace fiat in any country around the world but it can and does get used by some for day to day spending.

I know a few people that make about 90% of all purchases and pay bills by bitcoin only.
If your like me and just hate banks then i try use bitcoin to pay for as much as i can.

If it does end up being used as paying bills aren't they afraid of the volatility of bitcoin. Not really useful as payment if it fluctuates so much.

I already pay a lot of my bills with bitcoin, i also pay my rent each fortnight with btc, granted i am using a third party for these payments because until these utilities companies can pay their own bills and employees with btc they will never accept bitcoin as a payment method.

Zacudis

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Quote from: Zacudis on April 17, 2016, 09:14:32 PM

Bitcoin has already become a global currency, It did this when it was trading on the Stock markets, yes as a stock, but also as a currency if you look at the stock exchange you have all currencies traded, and then the commodities market is also Bitcoin. so it is in all levels of trade, and currency exchanges, this is what keeps it strong, and will make it stronger for days to come.

I think at this time yet. because bitcoin only well-known and popular on the internet, but the internet paypal also well known, and could even be said that paypal is the toughest rivals of the bitcoin. before conquering paypal, bitcoin has not been the best on the internet. laymen know about paypal but not with bitcoin. so I guess after bitcoin after the internet, and came out as paper money in the real world, then at the time that bitcoin will be recognized as a world currency, but this is just think

I travel alot around the US and I have found that many places take bitcoin. Restaurants, Hotels, I stopped at a truckstop a small private one and it took bitcoin. When you start seeing bitcoin in small private businesses you know that major chains are going to take it up fast to keep up with the private businesses. Next time i will write down the names of the places that accept bitcoin so that way I can post it.

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Quote from: Zacudis on April 17, 2016, 09:14:32 PM

Bitcoin has already become a global currency, It did this when it was trading on the Stock markets, yes as a stock, but also as a currency if you look at the stock exchange you have all currencies traded, and then the commodities market is also Bitcoin. so it is in all levels of trade, and currency exchanges, this is what keeps it strong, and will make it stronger for days to come.

I think at this time yet. because bitcoin only well-known and popular on the internet, but the internet paypal also well known, and could even be said that paypal is the toughest rivals of the bitcoin. before conquering paypal, bitcoin has not been the best on the internet. laymen know about paypal but not with bitcoin. so I guess after bitcoin after the internet, and came out as paper money in the real world, then at the time that bitcoin will be recognized as a world currency, but this is just think

Zacudis

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Bitcoin has already become a global currency, It did this when it was trading on the Stock markets, yes as a stock, but also as a currency if you look at the stock exchange you have all currencies traded, and then the commodities market is also Bitcoin. so it is in all levels of trade, and currency exchanges, this is what keeps it strong, and will make it stronger for days to come.

Johnny00

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Quote from: terman45x on April 17, 2016, 06:34:10 PM

Quote from: terman45x on April 17, 2016, 06:34:10 PM

I would say bitcoin has always been a global currency since the 1st day it went live.
Think about it no matter where you were in the world as long as you had an internet conection and knew at least one other person with a wallet then you could send coins to each other.

Obtaining coins in say 2009 would not have been easy from most countries so i guess you could say that is becoming global.

At it start it has global potential, but since a few years it has become globally used. Which means progress.
In the future years to come i expect this to grow exponentially.

It has an potential to grow hugely but it doesn't promise that people will stop using fiat and will only use bitcoin for their day to day spendings, that is simply impossible.

Bitcoin will never replace fiat in any country around the world but it can and does get used by some for day to day spending.

I know a few people that make about 90% of all purchases and pay bills by bitcoin only.
If your like me and just hate banks then i try use bitcoin to pay for as much as i can.

If it does end up being used as paying bills aren't they afraid of the volatility of bitcoin. Not really useful as payment if it fluctuates so much.

bitkilo

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https://www.bitcoin.com/

I would say bitcoin has always been a global currency since the 1st day it went live.
Think about it no matter where you were in the world as long as you had an internet conection and knew at least one other person with a wallet then you could send coins to each other.

Obtaining coins in say 2009 would not have been easy from most countries so i guess you could say that is becoming global.

At it start it has global potential, but since a few years it has become globally used. Which means progress.
In the future years to come i expect this to grow exponentially.

It has an potential to grow hugely but it doesn't promise that people will stop using fiat and will only use bitcoin for their day to day spendings, that is simply impossible.

Bitcoin will never replace fiat in any country around the world but it can and does get used by some for day to day spending.

I know a few people that make about 90% of all purchases and pay bills by bitcoin only.
If your like me and just hate banks then i try use bitcoin to pay for as much as i can.

terman45x

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I would say bitcoin has always been a global currency since the 1st day it went live.
Think about it no matter where you were in the world as long as you had an internet conection and knew at least one other person with a wallet then you could send coins to each other.

Obtaining coins in say 2009 would not have been easy from most countries so i guess you could say that is becoming global.

At it start it has global potential, but since a few years it has become globally used. Which means progress.
In the future years to come i expect this to grow exponentially.

It has an potential to grow hugely but it doesn't promise that people will stop using fiat and will only use bitcoin for their day to day spendings, that is simply impossible.

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