Bitcoin is Becoming a Global Currency - page 140.

pitham1

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Quote from: angelakay124 on September 19, 2015, 12:52:30 PM

It is true that bitcoin have begun to be accepted by several countries and stock markets. But in some of the countries like nepal it is very hard to deal with paypal and other payment processor till now. Bitcoin is also not in so much of light over here as currency but for developer like me it has become a good way to accept payment rather than paypal due to no restrictions for my country like they have in paypal. Happy to see how bitcoin is working these days.

As long as bitcoin is small and under the radar of the government, there is no problem. Once it becomes bigger, the government will subject it to the same restrictions / regulations as any other money transmission medium.

angelakay124

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It is true that bitcoin have begun to be accepted by several countries and stock markets. But in some of the countries like nepal it is very hard to deal with paypal and other payment processor till now. Bitcoin is also not in so much of light over here as currency but for developer like me it has become a good way to accept payment rather than paypal due to no restrictions for my country like they have in paypal. Happy to see how bitcoin is working these days.

Dotakels

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Quote from: roadbits on September 18, 2015, 05:50:56 AM

Quote from: bryant.coleman on September 13, 2015, 01:44:47 PM

Quote from: Barnabe on September 12, 2015, 09:35:26 AM

Bitcoin could also be a "safe" investment like gold is, because of the low inflation if the demand is steady the price would remain the same over large periods of time.

I doubt whether that is possible. Gold is being used as a form of currency for more than 5,000 years now, and that is one of the reasons why we are having stable exchange rates for gold. Also, gold is exchangeable almost anywhere in the world. Bitcoin, on the other hand is just 6 years old, and very few people are using it.

Not only very less people using it but it also have lot of transaction limitations and bitcoins also using in may non legal transactions so no governments will official accept bitcoin as currency. Instead bitcoin will be a alternative currency to buy some things online like now forever but in future this market may be quite big.

You know why theres some people who are using bitcoin after 6 years? because theres so many things that must to study about bitcoin, if they will accept it right now after you introduced it to them without studying it, it may cause of many crimes or bad things will happen.

BlackPanda

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bitcoin as a currency will enter the market held, be a strong currency and reliable

fkvidar

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I believe it's only a matter of time. I don't know exactly how much time. But what I see happening is enormously exciting on so many levels. Bitcoin is the new money. It's just that the majority of people don't know it yet.

Amph

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Quote from: bitgolden on September 18, 2015, 05:26:20 AM

Yes it is spreading everywhere throughout the world however it is not as quicker that it ought to be and the reason is absence of knowledge among the common people of the most. It is headed to be a worldwide cash yet it will require some investment and it is just conceivable when there is acknowledgment from the world people.

from what i can tell, it seems that only the awareness it's spreading nicely but still there is a long way to go, on the contrary the usage not so much, kinda stale

we need something like a catalyzing process, that speed up the usage, someone big should start it

roadbits

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Quote from: bryant.coleman on September 13, 2015, 01:44:47 PM

Quote from: Barnabe on September 12, 2015, 09:35:26 AM

Bitcoin could also be a "safe" investment like gold is, because of the low inflation if the demand is steady the price would remain the same over large periods of time.

I doubt whether that is possible. Gold is being used as a form of currency for more than 5,000 years now, and that is one of the reasons why we are having stable exchange rates for gold. Also, gold is exchangeable almost anywhere in the world. Bitcoin, on the other hand is just 6 years old, and very few people are using it.

Not only very less people using it but it also have lot of transaction limitations and bitcoins also using in may non legal transactions so no governments will official accept bitcoin as currency. Instead bitcoin will be a alternative currency to buy some things online like now forever but in future this market may be quite big.

bitgolden

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Yes it is spreading everywhere throughout the world however it is not as quicker that it ought to be and the reason is absence of knowledge among the common people of the most. It is headed to be a worldwide cash yet it will require some investment and it is just conceivable when there is acknowledgment from the world people.

Barnabe

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Quote from: bryant.coleman on September 13, 2015, 01:44:47 PM

Quote from: Barnabe on September 12, 2015, 09:35:26 AM

Bitcoin could also be a "safe" investment like gold is, because of the low inflation if the demand is steady the price would remain the same over large periods of time.

I doubt whether that is possible. Gold is being used as a form of currency for more than 5,000 years now, and that is one of the reasons why we are having stable exchange rates for gold. Also, gold is exchangeable almost anywhere in the world. Bitcoin, on the other hand is just 6 years old, and very few people are using it.

I'm not saying bitcoin should be as stable than gold. But it should have the same principles (steady supply and no centralized authority being the most important features)

bryant.coleman

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Quote from: Barnabe on September 12, 2015, 09:35:26 AM

Bitcoin could also be a "safe" investment like gold is, because of the low inflation if the demand is steady the price would remain the same over large periods of time.

I doubt whether that is possible. Gold is being used as a form of currency for more than 5,000 years now, and that is one of the reasons why we are having stable exchange rates for gold. Also, gold is exchangeable almost anywhere in the world. Bitcoin, on the other hand is just 6 years old, and very few people are using it.

Dotakels

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Quote from: jt byte on September 12, 2015, 08:36:44 AM

Quote from: MinerHQ on September 12, 2015, 08:16:14 AM

Quote from: rivera on September 12, 2015, 05:55:43 AM

Quote from: pjsonowal on September 11, 2015, 03:08:01 PM

it will become soon ...am happy that it is gaining its popularity day by that.....hope the day will come when we dont have currencies and get to see a FUTURE WORLD- BITCOIN WORLD am dying and waiting for the day to come Cheesy

Well, i think bitcoins will be more popular in the future and yes maybe it will be the global currency
maybe one day all countries will use this currency. when it is happened, what happened with the current currencies?

I think bitcoin will not replace any current currencies but it will be surely an alternative currency to buy any thing in online.

In the real world it can only replace if it will be produced in physical coin, otherwise i think it will be the main currency online.

why you will produced a real coins if you can use your own currency coins? and i think its hard to find a company that produced coins because bitcoin is not on the mainstream stage.

lahm-44

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usa is lossing its grip and russians too and so on..bitcoin is expanding day by day and peoples really loves it even if the maket is too much volatile but then also peoples are stisfy with this system

Barnabe

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Quote from: jt byte on September 12, 2015, 08:36:44 AM

Quote from: MinerHQ on September 12, 2015, 08:16:14 AM

Quote from: rivera on September 12, 2015, 05:55:43 AM

Quote from: pjsonowal on September 11, 2015, 03:08:01 PM

it will become soon ...am happy that it is gaining its popularity day by that.....hope the day will come when we dont have currencies and get to see a FUTURE WORLD- BITCOIN WORLD am dying and waiting for the day to come Cheesy

Well, i think bitcoins will be more popular in the future and yes maybe it will be the global currency
maybe one day all countries will use this currency. when it is happened, what happened with the current currencies?

I think bitcoin will not replace any current currencies but it will be surely an alternative currency to buy any thing in online.

In the real world it can only replace if it will be produced in physical coin, otherwise i think it will be the main currency online.

Bitcoin could also be a "safe" investment like gold is, because of the low inflation if the demand is steady the price would remain the same over large periods of time.

jt byte

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Quote from: MinerHQ on September 12, 2015, 08:16:14 AM

Quote from: rivera on September 12, 2015, 05:55:43 AM

Quote from: pjsonowal on September 11, 2015, 03:08:01 PM

it will become soon ...am happy that it is gaining its popularity day by that.....hope the day will come when we dont have currencies and get to see a FUTURE WORLD- BITCOIN WORLD am dying and waiting for the day to come Cheesy

Well, i think bitcoins will be more popular in the future and yes maybe it will be the global currency
maybe one day all countries will use this currency. when it is happened, what happened with the current currencies?

I think bitcoin will not replace any current currencies but it will be surely an alternative currency to buy any thing in online.

In the real world it can only replace if it will be produced in physical coin, otherwise i think it will be the main currency online.

MinerHQ

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Quote from: rivera on September 12, 2015, 05:55:43 AM

Quote from: pjsonowal on September 11, 2015, 03:08:01 PM

it will become soon ...am happy that it is gaining its popularity day by that.....hope the day will come when we dont have currencies and get to see a FUTURE WORLD- BITCOIN WORLD am dying and waiting for the day to come Cheesy

Well, i think bitcoins will be more popular in the future and yes maybe it will be the global currency
maybe one day all countries will use this currency. when it is happened, what happened with the current currencies?

I think bitcoin will not replace any current currencies but it will be surely an alternative currency to buy any thing in online.

Dotakels

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Quote from: rivera on September 12, 2015, 05:55:43 AM

Quote from: pjsonowal on September 11, 2015, 03:08:01 PM

it will become soon ...am happy that it is gaining its popularity day by that.....hope the day will come when we dont have currencies and get to see a FUTURE WORLD- BITCOIN WORLD am dying and waiting for the day to come Cheesy

Well, i think bitcoins will be more popular in the future and yes maybe it will be the global currency
maybe one day all countries will use this currency. when it is happened, what happened with the current currencies?

i think the current currencies will be a part of the history, and bitcoin will now be the global currency and will be the mainstream, but i think it will be happened after 20 years or 30?

rivera

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Quote from: pjsonowal on September 11, 2015, 03:08:01 PM

it will become soon ...am happy that it is gaining its popularity day by that.....hope the day will come when we dont have currencies and get to see a FUTURE WORLD- BITCOIN WORLD am dying and waiting for the day to come Cheesy

Well, i think bitcoins will be more popular in the future and yes maybe it will be the global currency
maybe one day all countries will use this currency. when it is happened, what happened with the current currencies?

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Quote from: OROBTC on September 11, 2015, 11:31:44 PM

...

deisik & RealBitcoin

Actually I would like it if the Fed raises rates. Very few times in history have we seen such distortions caused by ZIRP. Asset prices are very high, even if measured inflation is low (my explanation guess: very low "Monetary Velocity").

Pensions and investors need a positive rate of return on their investments. Otherwise it is theft ("financial repression").

Policy makers (.gov and .fed) are doing a very poor job of managing our (USA, probably the whole Western world as well) economy, I have no trust in them nor their competence. I sold almost the entire the balance of my stocks & bonds a month or so ago.

Gold, CA$H, real estate and BTC. And BTC is about 1% of my assets, no more than that.

That seems to be right. I have a higher percentage, but I bought only a small part of my BTC stash with fiat. The best part of it came in through speculation...

OROBTC

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...

deisik & RealBitcoin

Actually I would like it if the Fed raises rates. Very few times in history have we seen such distortions caused by ZIRP. Asset prices are very high, even if measured inflation is low (my explanation guess: very low "Monetary Velocity").

Pensions and investors need a positive rate of return on their investments. Otherwise it is theft ("financial repression").

Policy makers (.gov and .fed) are doing a very poor job of managing our (USA, probably the whole Western world as well) economy, I have no trust in them nor their competence. I sold almost the entire the balance of my stocks & bonds a month or so ago.

Gold, CA$H, real estate and BTC. And BTC is about 1% of my assets, no more than that.

deisik

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Quote from: RealBitcoin on September 11, 2015, 06:18:34 PM

Quote from: deisik on September 11, 2015, 05:20:27 PM

Quote from: ?? on ??

What about endogenous money creation and destruction as required by the economy? I assume it won't be a matter of dispute that 1) this is a useful feature, and 2) Bitcoin is totally devoid of it...

Money is never destroyed, it is supposed to when the interest rates rise but we all know how BS is that.

Many central banks are targeting inflation rate, and as long as they succeed (keeping it low, but not lower), you will have to agree that interest rates are ultimately irrelevant

Quote from: RealBitcoin on September 11, 2015, 06:18:34 PM

The interest rates can never ever fucking rise again, because that woud collapse the world economy under the pressure of debt

Who owes whom, globally?

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