Topic: Bitcoin is Becoming a Global Currency - page 141. (Read 226365 times)

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...

Well, unless your friends are willing to invest tens of thousands of dollars I don’t see why anyone could be afraid; invest a sum that, if everything goes to hell, you’ll not be afraid to lose, maybe a few hundreds, tops. Familiarize yourself with the bitcoin community and see if it’s for you.

Bitcoin/gold/silver is our saviour!

Ok, i corrected it. I like you are like my old grammar teacher, always picking on the small mistakes.

The first part naturally contradicts the second

What do you talk about guys, Bitcoin is Currency, Bitcoin is Money.

Fiat is Currency, but Fiat is not money, it's a "bank-note" a.k.a  toilet paper with human pictures on it.

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If there would be no fiat money, bitcoin would probably be used by much more people than it is now. People need a means of exchange, and bitcoin is perfect for the digital age +2000 era.

Bitcoin can't replace fiat money , bitcoin is the only way to have an easy transaction. Because we use bitcoin as a currency when we can exchange it as a fiat money, if theres no fiat money anymore bitcoin will also lost .

Bitcoin can't replace fiat money , bitcoin is the only way to have an easy transaction. Because we use bitcoin as a currency when we can exchange it as a fiat money, if theres no fiat money anymore bitcoin will also lost .

No, money is a good term. But people have to learn that the toilet paper that they have in their purse is not money, its a "bank-note" or in other words its a toilet paper scam currency.

Money is only: gold,silver, bitcoin.

yes soon it will be the world wide best technology ..and it will replce or extect the word "money" we will call it 'cryptomoney' in a smarter way.I wish I got 10bitcoins in next year before its too late and future comes in

I think every market for every country that has an exchange would improve.

Not just australian, and esp those who need to move money the most would be the ones to 1st explode.

"If it is defined as a global currency, this would be a
positive step to encouraging the bitcoin market to
continue innovating. The Australian bitcoin market will
significantly improve.   

Well maybe some people think bitcoin will devalue over time from here on out and fluctuate at a price way lower than what it was in 2013; that doesn't mean that people still won't believe in the value of a decentralized currency that can be globally used.  Honestly, I think that there will be 3 or 4 major players in the crypto world that would offer different capabilities.  That, in turn, means that bitcoin would have to share the market of who uses cryptocurrency (because, let's face it... fiat isn't going anywhere).

So what I'm trying to get at is that maybe more and more people are starting to not like how bitcoins volatile market is going right now due to the blockchain debate... so people with bitcoins (I think) are starting to hedge funds into altcoins that they think are going to "make it". When I say "make it" I don't mean surpass the price of bitcoin, but instead be a major player that has substantial amount of value above a couple of dollars per coin.  Therefore, the occasional bubble and bursts of btc are going to happen for a while now because when people see it declining in price, they aren't just buying btc because they think that it's going to go to $900 again... but they are trying to ride the bull to a certain price point to get more "bang for their buck" to get more altcoins per btc.