Bitcoin is Becoming a Global Currency - page 48.

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Quote from: lordquanta on May 19, 2017, 01:46:08 PM

Quote from: slackcryptoz on May 19, 2017, 12:55:35 PM

Quote from: 19Nov16 on May 18, 2017, 12:51:40 AM

I agree, currently bitcoin already used a lot of people and all States are satisfied with the system of the bitcoin transactions, compared to conventional bank then bitcoin better.

If the term global is used to determine the usage of bitcoin across most of the countries, then bitcoin is already a global currency. Only thing it needs is legal adoption, which is quite not possible to be got in a short time period.

Global currency does not mean used by fraction of the fraction people from some countries. Bitcoin first needs to prove itself as scalable to other currencies. look at the uncleared transaction on blockchain. We want bitcoin to scale up it to such level that nobody should doubt about it. Right now that is not the case. There are lot of doubts about the voilatile nature and features such as microtransactions missing.
Lets hope bitcoin will tackle every challenge successfully

This is difference of degree, not of kind

In other words, it could be said that it is a matter of sheer adoption and expansion of Bitcoin user base. Regarding the need of proving itself as scalable to other currencies, I don't think, first, that Bitcoin needs to actually prove anything to anyone, and, second, what other currencies are you talking about? If you mean digital fiat, it is not scalable on its own, you need banks and payment processors like Visa and cronies to do the dirty job. Cash is not scalable altogether. Scalability is an issue, indeed, but it is in fact a minor technical issue, which will get resolved "sooner rather than later"

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Quote from: slackcryptoz on May 19, 2017, 12:55:35 PM

Quote from: 19Nov16 on May 18, 2017, 12:51:40 AM

I agree, currently bitcoin already used a lot of people and all States are satisfied with the system of the bitcoin transactions, compared to conventional bank then bitcoin better.

If the term global is used to determine the usage of bitcoin across most of the countries, then bitcoin is already a global currency. Only thing it needs is legal adoption, which is quite not possible to be got in a short time period.

Global currency does not mean used by fraction of the fraction people from some countries. Bitcoin first needs to prove itself as scalable to other currencies. look at the uncleared transaction on blockchain. We want bitcoin to scale up it to such level that nobody should doubt about it. Right now that is not the case. There are lot of doubts about the voilatile nature and features such as microtransactions missing.
Lets hope bitcoin will tackle every challenge successfully.

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Quote from: 19Nov16 on May 18, 2017, 12:51:40 AM

I agree, currently bitcoin already used a lot of people and all States are satisfied with the system of the bitcoin transactions, compared to conventional bank then bitcoin better.

If the term global is used to determine the usage of bitcoin across most of the countries, then bitcoin is already a global currency. Only thing it needs is legal adoption, which is quite not possible to be got in a short time period.

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I'm happy to discuss about the bright side of Bitcoin, so far I know about Bitcoin it will create a grand platform and a credible method of transaction.
Day by day it's getting bigger and popular form of money, so I think, in future, it will create a good shape of your wealth.

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Quote from: Kisanaq on May 18, 2017, 06:36:03 AM

I think to be a global currency takes a long process, we're certainly still remember when the EU brings together the currency it takes more than 15 years of socialization, bitcoin it took 25 years of socialization in order to become a global currency.

i think no one know that how many time take bitcoin to become a global currency it can become a global a global currency in this year or it can be possible next year next year because bitcoin increasing it popularity too much faster.

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Quote from: batang_bitcoin on May 16, 2017, 11:29:10 PM

Quote from: Urban Crypto on May 16, 2017, 10:55:14 PM

I guess the question is what you mean by global currency? If you mean to replace currencies in general, that is doubtful. If you mean adoption by users in the global market that seems plausible.

There's no need to replace the currencies, because bitcoin can be a good alternative payment method. And the fact that we are doing it already, we can see that bitcoin is already a global currency for us who are using bitcoin. We are near to the cashless society and transactions will be processed automatically.

Yes for us bitcoin is a global currency we are using it all over the world to transact our money to any part of the world and to deal in that currency in any part of the world with any merchant but we are waiting for the states to adopt bitcoin and to use it for all of their official matters then we will call it a global currency officially.

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Quote from: kpcian on May 18, 2017, 10:42:52 AM

I think so.
If Bitcoin would be a global currency then many people will be benefited from this segment, not only that but also Bitcoin will provide many facilities, such as purchasing, traveling and so on.
So it'll be blessings for us.

I think you tried to mean using Bitcoin, it will provide facilities. Absolutely and moreover it will provide great value to its existence, but becoming a global currency is tough rather than being globally accepted by each and every country legally, even this would be more than enough I believe.

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I think so.
If Bitcoin would be a global currency then many people will be benefited from this segment, not only that but also Bitcoin will provide many facilities, such as purchasing, traveling and so on.
So it'll be blessings for us.

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Quote from: Janation on May 18, 2017, 10:07:18 AM

Quote from: chineseprancing on May 18, 2017, 09:06:43 AM

Wow, I think it is a good idea, using this currency you can easily travel to other countries. Also level of money to each country will become fair, due to equal value of currencies.

Using fiat can also be used to easily travel to other countries, so I think even not using bitcoin, it is still fine. And with the transactions that bitcoin has now, I think it is really not good using in a payment. But I dont get how the level of each country currnecy will be fair, we have different values for each currencies, and I think it will vary to every country.

Yes of course with different currency of each country will be different exchange rate obtained from bitcoin transactions.
But this certainly does not complicate the transaction bitcoin wherever we are

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Quote from: chineseprancing on May 18, 2017, 09:06:43 AM

Wow, I think it is a good idea, using this currency you can easily travel to other countries. Also level of money to each country will become fair, due to equal value of currencies.

Using fiat can also be used to easily travel to other countries, so I think even not using bitcoin, it is still fine. And with the transactions that bitcoin has now, I think it is really not good using in a payment. But I dont get how the level of each country currnecy will be fair, we have different values for each currencies, and I think it will vary to every country.

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Quote from: chineseprancing on May 18, 2017, 09:06:43 AM

Wow, I think it is a good idea, using this currency you can easily travel to other countries. Also level of money to each country will become fair, due to equal value of currencies.

It is a real good idea because of bitcoin we are already reaching the whole world and if ever you wanted to travel around the world. You can just simply bring your hardware wallet or you can log in to the computers of the travelling agencies or the airport for confirming your payment and that is what global currency's advantage.

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Wow, I think it is a good idea, using this currency you can easily travel to other countries. Also level of money to each country will become fair, due to equal value of currencies.

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Quote from: azguard on May 18, 2017, 07:14:34 AM

Quote from: Humanxlemming on May 18, 2017, 06:50:36 AM

Quote from: 19Nov16 on May 18, 2017, 12:51:40 AM

I agree, currently bitcoin already used a lot of people and all States are satisfied with the system of the bitcoin transactions, compared to conventional bank then bitcoin better.

We can say that bitcoin can be global currency but we need many more confirmations like in States if they whether agree that bitcoin can be a global currency. And i think we need to wait more many time after bitcoin CAN be a global curency. Me too am hoping to become bitcoin as a global currency because it's would add more demand

We are in that age now, Japan first fully accept it, rest will follow after they see how will Japan handle it. Will they be some setback or it will go smoothly. Also news from today is that Australia is fully accepting it with no more double tax this is also another step forward bitcoin becoming global currency alternative.

Think that we will see more countries adopting it from this moment and that is only mater of time in month not as it been in years.

No country has adopted bitcoin yet, they just accept it as a type of currency/method of payment. But yes nearly every country will do that soon its the first truly borderless currency.

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Quote from: Humanxlemming on May 18, 2017, 06:50:36 AM

Quote from: 19Nov16 on May 18, 2017, 12:51:40 AM

I agree, currently bitcoin already used a lot of people and all States are satisfied with the system of the bitcoin transactions, compared to conventional bank then bitcoin better.

We can say that bitcoin can be global currency but we need many more confirmations like in States if they whether agree that bitcoin can be a global currency. And i think we need to wait more many time after bitcoin CAN be a global curency. Me too am hoping to become bitcoin as a global currency because it's would add more demand

We are in that age now, Japan first fully accept it, rest will follow after they see how will Japan handle it. Will they be some setback or it will go smoothly. Also news from today is that Australia is fully accepting it with no more double tax this is also another step forward bitcoin becoming global currency alternative.

Think that we will see more countries adopting it from this moment and that is only mater of time in month not as it been in years.

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Quote from: 19Nov16 on May 18, 2017, 12:51:40 AM

I agree, currently bitcoin already used a lot of people and all States are satisfied with the system of the bitcoin transactions, compared to conventional bank then bitcoin better.

We can say that bitcoin can be global currency but we need many more confirmations like in States if they whether agree that bitcoin can be a global currency. And i think we need to wait more many time after bitcoin CAN be a global curency. Me too am hoping to become bitcoin as a global currency because it's would add more demand

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I think to be a global currency takes a long process, we're certainly still remember when the EU brings together the currency it takes more than 15 years of socialization, bitcoin it took 25 years of socialization in order to become a global currency.

19Nov16

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I agree, currently bitcoin already used a lot of people and all States are satisfied with the system of the bitcoin transactions, compared to conventional bank then bitcoin better.

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Quote from: Karmakid on May 16, 2017, 09:55:26 PM

It already does sir,bitcoins is now available on any places in the world that have access in bitcoins besides those countries that totally banned bitcoin,but all country and places with internet they can use bitcoins so bitcoin is now a global currency

yeah you are right that bitcoin is available in everywhere for online shopping and i heard that some places bitcoin acceptable for direct shopping and different countries people are using bitcoin and i hope sooner bitcoin will use maximum people of the world as USD.

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Quote from: carlisle1 on May 12, 2017, 01:35:17 PM

Quote from: NEWGOODOUBLE on May 11, 2017, 08:14:36 AM

Quote from: UCHCHILD on May 09, 2017, 08:45:27 PM

Yes, but for sure things will be different if we have a very crowded volume of users, like government will try to take charge of it because people are going into bitcoin.
Things are good in bitcoin now so I hope when it become global currency it will remain the same as what we have now.

May be even better for the future of bitcoin, if the government is willing to legalize bitcoin. Not just as an international currency. But bitcoin may be used as the primary currency

after being legalized and accepted in japan as a new payment method I hope it will affect the popularity of bitcoin that it can lead bitcoin the international currency i think it is enough because even if bitcoin did not become a primary currency I think we can still use in various transactions just like how we our primary or local currency .

in fact we can see the effect right now. as we can see that the price of bitcoin is trading above 1800 USD level and that is really a very high value in present time. it is really all because of the Japan accepting bitcoin and giving it as a legal status. i am hopeful that the government will also become pressurize by the increasing number of bitcoin users, because the number of bitcoin users are increasing continuously.

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Quote from: Urban Crypto on May 16, 2017, 10:55:14 PM

I guess the question is what you mean by global currency? If you mean to replace currencies in general, that is doubtful. If you mean adoption by users in the global market that seems plausible.

There's no need to replace the currencies, because bitcoin can be a good alternative payment method. And the fact that we are doing it already, we can see that bitcoin is already a global currency for us who are using bitcoin. We are near to the cashless society and transactions will be processed automatically.

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