Topic: Bitcoin is Becoming a Global Currency - page 135. (Read 226404 times)

they are switching from physical coins to digital coins, but still use the same currency, swedish crowns, just the digital version of it.

the banks do this because they want to have full control over transactions and also because they want to charge negative interest (you pay for the money you store at the bank, and since cash money is not accepted anyway, cashing out is not an option).

this scam is pulled in an attempt to force more spending in an attempt to boost the economy, as well as fill the banks pockets (or is it the other way around?)

either way, the banks are massively scamming the local population, and hopefully the swedes will be smart enough to say "fuck it, we're not complying to the banks rules anymore, we want financial freedom, we're using bitcoin from now on".

But I highly doubt a whole country will be smart enough to do it, most people just lack common sense.

Possible, but some people can never catch us if the future change. and possible they still using the present currencies. Gold coins in the futuremaybe. But the question is? in our present time you can't use gold coins to buy some things at the mall or any store. Bitcoin can use only in internet. in our present time.

The rest of them can use gold coins.

But you have to agree that almost everyone has internet and PC now, or they will have in the future.

Bitcoin might not be global in the next 10 years, but it can be in the next 30.

Yes, I agree bitcoin can't be the global currencies how about people don't have computers and internet. To the computer shop? they can't spent they time and pay they rent ? And we all know they can get money using faucet at first. They can't even do begging to have BTC. So the point is not all every body can afford and work with this Site. Impossible BTC can be a Global Currencies Just my 2 cents please respect.

This is the reason so many of us are holding our bitcoins. Bitcoin is growing in popularity, and might be even used as a side currency somewhere in the future. But that's just wishful thinking, as the governments of that country will always want to have control over their currencies, but you never know.

Soon, when you say the word "bitcoin" in a cafe, no one will look at you as if you have said a foreign word, but ask you about it!

those only countries that were in first world country that already accept bitcoin as a payment, but think about those users and countries who in third world country, how they can adopt it if they don't have access on internet or they don't have laptop or desktop computer?

You must be joking, what simplicity? If you're a typical adult with a normal job and want to buy something, which one will be simpler and faster: paying for it with your credit/debit card with contactless function or taking out your phone, scanning the code and confirming the transfer? Even this simple task takes more effort with bitcoin, but first you have to register an exchange account, transfer currency there, buy bitcoin and send it to your portable wallet (phone).

Bitcoin has become global currency in the world, it's used in many countries now, like in USA, UK, Australia, you can even buy chocolates in UK using btc..
Bitcoins have been accepted globally because of their simplicity, their ease, their security, their originality and security.
Bitcoin was designed specifically for the internet, and the result is lower fees, less fraud, and an open payment system with free competition.    in the coming years will be transparency, openness, convenience, and price.

yeah so many things to do and rules to be fulfill and its takes a time to completely adopt the bitcoin and we should must solve the problem of each country , the poor people and the non-literacy people.

They are also like "Blockchain shares" ... bitcoin has elements of all these legacy assets, currency, commodity, bearer shares, time-locked trust funds, limited tradeable data and none of them at all. It is something entirely new because it is a novel technology.

You cannot describe it using terms of art from the old paradigm. Why do people persist in the futile attempt of trying to put it into a box of their old framework of thinking.

It's bitcoin, something new as an asset, deal with it.

I think it's way too early to tell what the world will eventually decide it is. It could be many things to many people and come up with some new definitions that we haven't even begun to conceive of yet too.

A commodity can also be money isnt it?

It just creates more savings, and less spending, which is good for the economy.

The keynesian shills tell you the exact opposite, because they are lying.

no! BitCoin is a commodity, not a currency. The process of generating new BitCoins is even called mining! As for using "money" to "buy" things. That definition makes almost every object in the world money

yeah and not only to become global currency i think it will be the mainstream, because if we are dreaming that bitcoin will become global currency we can dream that bitcoin become mainstream and most of people in this world are using bitcoin and its a great for the future.

I don't know what do you mean with "market" but if with market you mean various markets of products I can tell that for example Microsft accept bitcoin as a payment option for a variety of digital content across its online platforms. If you want to lean more can read here: http://www.coindesk.com/microsoft-adds-bitcoin-payments-xbox-games-mobile-content/.

Then, even Dell accepts bitcoin for its products. If you want to learn more read here: http://www.businessinsider.com/dell-becomes-biggest-company-to-accept-bitcoin-internationally-2015-2, or/and here: http://www.telegraph.co.uk/technology/news/11425250/Britons-can-now-buy-Dell-computers-with-Bitcoin.html.

There are to many other merchants in various markets of products which accept bitcoin and day after day the number of those  is in big increase.

To bitcoin achieve all countrys there is a long jorney on the way,we are making 7 years with bitcoin ,and we just a small community growing daily but how long will take to bitcoin be everywhere?Will be the openbazar that will change the vision that most people has a bitcoin as a kind of virus,pyramide ,scam?

global currency mean that it will be accepted in all the world, not just one country, bitcoin can't become global in australia only, that's local adoption

i dunno if bitcoin can grow strong only on the net, it surely need to have  alarge portion in RL too

Bitcoin will keep rocking being taxed or not ,since the most of us doesnt hold a huge volume of bitcoin soo  we dont need to expose them to government to tax them.It will be a pleasure to see what will happen with the opening of openbazar.

Governments take the fees from fiat from everything,as i know there isnt any market that allow you to pay with bitcoins,if that happens they must say they had reveived x ammount of bitcoins to avoid being punished to not share those information.At some countries bitcois holders are taxed already,countries cant do nothing against bitcoin ,they can accept it and put a fee inside it ,otherwise they wont take control since who hold bitcoin is us community and big farmers.

If Bitcoin became global currency, it would necessarily limit what bankers and govt could do. It would be much, much more difficult for govt to finance wars, continually expand welfare roles (as opposed to focusing on those who are in most need), subsidize various industries, etc. Bankers would also have more incentive to limit it's lending.

However, overall there isn't any reason to believe that there wouldn't be similar investment vehicles, savings edifices, deposit insurance, etc.

In addition, as someone else mentioned, a fixed currency creates a situation where productivity and population growth (slowly) increases the value of each bitcoin. This encourages savings over debt.

Many disagree about the impact on business, productivity, growth, innovation, etc between an (moderate) inflationary/deflationary environment. But that's a slightly different and deeper conversation. Briefly, many believe that a deflationary environment would not just slow, but actually reverse spending, growth, and investment ("Deflationary death spiral"). They tend to believe that inflation is necessary to encourage spending and growth. Others (myself included) believe that an inflationary environment tends to encourage over-consumption, spending and borrowing over savings - thus leading to more/bad debt and contribute to instable boom/bust economic crashes. Similarly, these believe a deflationary environment would not stifle growth, but would slow it to a stable, more sustainable rate.