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Topic: Bitcoin is Becoming a Global Currency - page 46. (Read 226367 times)

member
Activity: 100
Merit: 100
Considerably it is there's no other currency or monetary can outrank bitcoin in terms sending and recieving money in the fastest way. Including low fees and controlled transactions that banks hardly can't offer.
I can not imagine how Bitcoin can be a global currency. Reality bitcoin is the currency for a narrow circle of people who deal with crypto-currencies and this community have very narrow scope
hero member
Activity: 840
Merit: 500
I noticed there is no thing that makes bitcoin becoming a global currency, the first thing to become a global currency is widely use and known (more than 50% of world population.

It is far from being global currency ,from it is not yet widely use and some countries were not able yet to catch up into technolgy. To be able btc knew there is a need for each country to fully use technolgy which seems impossible to happen.
although the users of bitcoin are still not too many, but i am sure that the users of bitcoin are present in all over the world, even the users of bitcoin are present in the backward countries of the world. therefore i think we consider bitcoin as a global currency. the users of bitcoin are still continuously increasing, even in some area bitcoin  is also use as fiat currency in local store for shopping.
hero member
Activity: 630
Merit: 500
from the deep observation of recent fluctuation or scenario of bitcoin, it can be said easily that bitcoin is becoming more popular and acceptable to the monetary world. basically, bitcoin is the best in a virtual world. but it needs to take some time to become a global currency. but I think it just a matter of time.
in fact a very little number of people are still know about bitcoin. and as soon bitcoin is introducing in different areas of the world, bitcoin is becoming more and more popular and people are accepting bitcoin, both for investment as well as to be use as currency. hope that in future bitcoin will become more and more popular.
sr. member
Activity: 1540
Merit: 420
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Considerably it is there's no other currency or monetary can outrank bitcoin in terms sending and recieving money in the fastest way. Including low fees and controlled transactions that banks hardly can't offer.
full member
Activity: 448
Merit: 100
Due to the legalization of bitcoin in Japan, its popularity has grown significantly. Many countries began to trust bikkoin more. It happened quickly and now we see new high prices of bitcoins.
sr. member
Activity: 882
Merit: 258
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Is not surprising, and the governments won\t be able to stop bitcoin.We have to hear good stuff about this coin,not only negative ones.I in bitcoin,and i believe will become the top global currency!
yeah sooner or later government will accept it completely. They wont stop bitcoin its now spreading all over the world and number of user of it is continue growing. Bitcoin will be a global currency we just need to wait. I know that it will going to happen in this time because it became more popular and many people now understand what bitcoin is.
full member
Activity: 165
Merit: 100
Bitcoin will definitely become a global payment method, you do not need to go out for bank transfer and care about cumbersome procedural issues, instead you will pay and get paid by bitcoin quickly and save a lot of time as well as effort
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
I noticed there is no thing that makes bitcoin becoming a global currency, the first thing to become a global currency is widely use and known (more than 50% of world population.

It is far from being global currency ,from it is not yet widely use and some countries were not able yet to catch up into technolgy. To be able btc knew there is a need for each country to fully use technolgy which seems impossible to happen.
Even in the first place bitcoin is already a global currency because as long as there is an internet in a country and bitcoin is not banned there then they can still use bitcoin for their own and global doesn't mean usage of all the countries because it is all about the availability of a currency or item and that is bitcoin which is already open globally.
legendary
Activity: 1147
Merit: 1007
I noticed there is no thing that makes bitcoin becoming a global currency, the first thing to become a global currency is widely use and known (more than 50% of world population.

It is far from being global currency ,from it is not yet widely use and some countries were not able yet to catch up into technolgy. To be able btc knew there is a need for each country to fully use technolgy which seems impossible to happen.
full member
Activity: 1484
Merit: 101
I noticed there is no thing that makes bitcoin becoming a global currency, the first thing to become a global currency is widely use and known (more than 50% of world population.
hero member
Activity: 896
Merit: 514
Indeed its becoming Global currency...
now no more have to rely on banks, paperwork, custom issue..
we can transfer money easily from anywhere...

Yes, bitcoin is becoming a global currency, but banks will not disappear at all. They will either take bitcoin or destroy it.
yeah you are right that bitcoin will becoming a global currency in the future and i hope bitcoin will much more popular than USD in the future and people will be use bitcoin more usd.
hero member
Activity: 882
Merit: 500
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no not yet bitcoin has to do a lot of things to be  a global currency although bitcoin is indeed becoming popular in some countries but the problem is bitcoin just can't handle 250k- 350k transactions per day what if the transactions per day will increase because of the popularity?. we need a solution if we want bitcoin can be a global currency.
If a popular Bitcoin Miner or a group of Bitcoin miner allows people to submit their transactions through a form then there might be a change for transaction speed development. The miners will notice that they could monetize the speeding up of transaction confirmations and they will compete on who’s faster.
hero member
Activity: 2814
Merit: 576
no not yet bitcoin has to do a lot of things to be  a global currency although bitcoin is indeed becoming popular in some countries but the problem is bitcoin just can't handle 250k- 350k transactions per day what if the transactions per day will increase because of the popularity?. we need a solution if we want bitcoin can be a global currency.
That is correct also they increasing every transaction fee to get funds and upgrade there system to make things normal again when we are going to try make an transaction it will gonna be back to normal real soon. But for me bitcoin is already a global currency because we can send it anywhere from the world and use anywhere as pocket money the problem on other countries is they trying to block this coins thinking it is black currency or only seen from dark net.
They are not increasing the fees because of the upgrade on their system. They are increasing the fee because of the miners, the miners are only capable in confirming transaction so we don't have any rights to be against to the increasing fee but to just to that. Soon the fees will increase again if there will be a lot of stuck transaction and also few miners.
That's probably gonna happen and I think at this moment that btc price is surging its good to start mining, when there
are more miners fees could be competitive and there will be faster transaction.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
no not yet bitcoin has to do a lot of things to be  a global currency although bitcoin is indeed becoming popular in some countries but the problem is bitcoin just can't handle 250k- 350k transactions per day what if the transactions per day will increase because of the popularity?. we need a solution if we want bitcoin can be a global currency.
That is correct also they increasing every transaction fee to get funds and upgrade there system to make things normal again when we are going to try make an transaction it will gonna be back to normal real soon. But for me bitcoin is already a global currency because we can send it anywhere from the world and use anywhere as pocket money the problem on other countries is they trying to block this coins thinking it is black currency or only seen from dark net.
They are not increasing the fees because of the upgrade on their system. They are increasing the fee because of the miners, the miners are only capable in confirming transaction so we don't have any rights to be against to the increasing fee but to just to that. Soon the fees will increase again if there will be a lot of stuck transaction and also few miners.
legendary
Activity: 3486
Merit: 1280
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Indeed its becoming Global currency...
now no more have to rely on banks, paperwork, custom issue..
we can transfer money easily from anywhere...

Yes, bitcoin is becoming a global currency, but banks will not disappear at all. They will either take bitcoin or destroy it

They are rather going to ignore Bitcoin altogether

Bitcoin is going farther and farther from becoming a viable means of payment which is what any currency is essentially about. We can't say that Bitcoin doesn't affect fiat, since it is going to expel fiat from savings and thus this fiat is set to enter circulation, maybe, increasing inflation somewhat (though the effect should be negligible, as to me), but that's what banks actually need, i.e. more fiat in circulation means more work for banks. Therefore, banks should be pro-Bitcoin on the whole. But you may choose to disagree, of course
legendary
Activity: 1036
Merit: 1002
no not yet bitcoin has to do a lot of things to be  a global currency although bitcoin is indeed becoming popular in some countries but the problem is bitcoin just can't handle 250k- 350k transactions per day what if the transactions per day will increase because of the popularity?. we need a solution if we want bitcoin can be a global currency.
That is correct also they increasing every transaction fee to get funds and upgrade there system to make things normal again when we are going to try make an transaction it will gonna be back to normal real soon. But for me bitcoin is already a global currency because we can send it anywhere from the world and use anywhere as pocket money the problem on other countries is they trying to block this coins thinking it is black currency or only seen from dark net.
sr. member
Activity: 518
Merit: 271
no not yet bitcoin has to do a lot of things to be  a global currency although bitcoin is indeed becoming popular in some countries but the problem is bitcoin just can't handle 250k- 350k transactions per day what if the transactions per day will increase because of the popularity?. we need a solution if we want bitcoin can be a global currency.
legendary
Activity: 3696
Merit: 4343
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from the deep observation of recent fluctuation or scenario of bitcoin, it can be said easily that bitcoin is becoming more popular and acceptable to the monetary world. basically, bitcoin is the best in a virtual world. but it needs to take some time to become a global currency. but I think it just a matter of time.

yes sure, but actually with this long time waiting for transaction and core developers vision, bitcoin is more similar to gold and not to simple money

i hope core devs do love with bu-users, because our ultimate goal is bitcoin like money, community need it

i prefer is core devs to develop this
sr. member
Activity: 546
Merit: 257
Indeed its becoming Global currency...
now no more have to rely on banks, paperwork, custom issue..
we can transfer money easily from anywhere...
No, it is not. At this stage bitcoin is NOT capable for becoming one. It is not at all scalable. Look at the clogged transaction on blockchain.  US dollar is global currency and will remain so. In order to become the global currency bitcoin needs to be scalable to handle the load efficiently.

That is right, with all of the clog in the transaction, bitcoin, becoming a global currency is really hard. If it becomes a global currency, then it means, most of the people here on Earth will be using it, so think what might happen to the transaction, imagine a one way road, with just two lane and full of cars, that is how it will be if it is not scaled.
sr. member
Activity: 1246
Merit: 255
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from the deep observation of recent fluctuation or scenario of bitcoin, it can be said easily that bitcoin is becoming more popular and acceptable to the monetary world. basically, bitcoin is the best in a virtual world. but it needs to take some time to become a global currency. but I think it just a matter of time.
As quoted it's a matter of time, because the way bitcoin moving forward cannot be predicted exactly. Being more popular doesn't make it a global currency but it has already got similarities of a global currency in other form due to the acceptance around the world. Monetary system will always serve as the primary and cryptocurrencies will be serving as alternates.
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