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Topic: Bitcoin is Becoming a Global Currency - page 48. (Read 226367 times)

legendary
Activity: 2758
Merit: 6830
Yes it is. Bitcoin is starting to become bigger here in Brazil. When I discovered Bitcoin in 2014, almost no one knew about btc when I asked them. Now, people I know may not be experts but they know the name and the basic concept of Bitcoin. We also can finally buy some stuff more easily with btc.
sr. member
Activity: 440
Merit: 250
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.
but to me i think bitcoin is already a global currency, because the users of bitcoin are already present in all over the world. i do not think that there will be a single are where the users of bitcoin will not be present. therefore we can say that bitcoin is already a global currency.
legendary
Activity: 3486
Merit: 1280
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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.
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"
sr. member
Activity: 770
Merit: 268
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.
sr. member
Activity: 456
Merit: 250
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.
hero member
Activity: 826
Merit: 529
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.
hero member
Activity: 1022
Merit: 538
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.
hero member
Activity: 798
Merit: 500
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.
sr. member
Activity: 1232
Merit: 250
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.
hero member
Activity: 826
Merit: 529
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.
sr. member
Activity: 938
Merit: 256
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
hero member
Activity: 1722
Merit: 528
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.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
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.
hero member
Activity: 630
Merit: 500
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.
member
Activity: 112
Merit: 10
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.
legendary
Activity: 1484
Merit: 1001
Crypto-News.net: News from Crypto World
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.
sr. member
Activity: 364
Merit: 250
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
sr. member
Activity: 700
Merit: 277
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.
sr. member
Activity: 1722
Merit: 252
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.
hero member
Activity: 980
Merit: 523
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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