Bitcoin is Becoming a Global Currency - page 59.

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Quote from: virtualkeybuyer on April 09, 2017, 06:43:47 PM

Quote from: Nagadota on April 09, 2017, 06:36:29 PM

Bitcoin has always been a global currency, and that internationalism is one of its best aspects.

Unfortunately, that doesn't mean that it'll actually be accepted everywhere, just that it has the potential to be accepted everywhere. Hopefully, it'll become more popular as people see these sorts of benefits.

I think bitcoin is not yet a global currency because it is not used like dollar. If bitcoin is started to use like dollar for all of the transactions of the world whether governmental or non governmental and for international use then we can say that now bitcoin is a global currency

This is only one approach to defining a global currency

I mean whether a currency is used like the US dollar to be considered as a global currency (since that's what you seem to imply). Obviously, apart from the US dollar itself, there are no more currencies used as widely and wildly. On the other hand, the US dollar is not used everywhere either, and if we consider only the territory across which a currency is accepted (as a metric for determining its global character), then only the US and Bitcoin together would cut it as truly global currencies. Even Euro is rather limited to circulation between the countries of the Eurozone itself, or the countries which avoid the US dollar for various reasons (such as Iran, for example)

yellow1

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I think yes, because as of now a bitcoin is a popular in the whole country, especially when if it will recognize. Because a bitcoin is might be an investment of other people. For example last year history of bitcoin is only small value but now it is rising or become a great value. Maybe someday it currency is known in all over the countries. And all investors may use this as a bitcoin currency.

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Quote from: virtualkeybuyer on April 09, 2017, 06:43:47 PM

Quote from: Nagadota on April 09, 2017, 06:36:29 PM

Bitcoin has always been a global currency, and that internationalism is one of its best aspects.

Unfortunately, that doesn't mean that it'll actually be accepted everywhere, just that it has the potential to be accepted everywhere. Hopefully, it'll become more popular as people see these sorts of benefits.

I think bitcoin is not yet a global currency because it is not used like dollar. If bitcoin is started to use like dollar for all of the transactions of the world whether governmental or non governmental and for international use then we can say that now bitcoin is a global currency.

Yeah bitcoin is gaining popularity at a moment but its not as popular as dollar and even the market cap of bitcoin is too low in compare to dollar and it will take long time for bitcoin to reach everywhere and get accepted like fiat currency.

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Quote from: Nagadota on April 09, 2017, 06:36:29 PM

Bitcoin has always been a global currency, and that internationalism is one of its best aspects.

Unfortunately, that doesn't mean that it'll actually be accepted everywhere, just that it has the potential to be accepted everywhere. Hopefully, it'll become more popular as people see these sorts of benefits.

I think bitcoin is not yet a global currency because it is not used like dollar. If bitcoin is started to use like dollar for all of the transactions of the world whether governmental or non governmental and for international use then we can say that now bitcoin is a global currency.

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Bitcoin has always been a global currency, and that internationalism is one of its best aspects.

Unfortunately, that doesn't mean that it'll actually be accepted everywhere, just that it has the potential to be accepted everywhere. Hopefully, it'll become more popular as people see these sorts of benefits.

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Agreed, Because i'm now can transfer money to my relatives in foreign countries very easy. And of course with my dealers too, we use bitcoin instead of doing some stupid steps transfering money. It's really great and convenience . No wonder if bitcoin becomes the global currency.

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Quote from: benjamindees on March 28, 2014, 03:31:21 AM

For the first time, when I look at the offers on LocalBitcoins.com, there are a half-dozen currencies ahead of the US dollar, offering a higher price for Bitcoin than US dollar users.

Euros, South African Rands, New Zealand Dollars, Hong Kong Dollars, Polish Zloty, Malaysian Ringgits.

It is no longer just the US, EU or even China driving adoption. There is a market for Bitcoins in major countries all over the world.

Bitcoin is definitely worldwide but it's not really mainstream. I think Bitcoin needs to be more established as a payment method and/or a method of sending money before it can be a mainstream currency.

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Quote from: Creepings on April 06, 2017, 04:10:08 PM

Quote from: yellow1 on April 06, 2017, 05:10:47 AM

I think maybe if it will become popular to everywhere and all over the country it possible to become currency among other country.Because bitcoin is a good investment especially on savings.And when it spread among the country maybe it will uses as a currency.

Bitcoin is a great digital currency, a great asset or investment. It is now popular especially to the people who are sending money accross the world. It may be used as a currency of a country, but the problem is, it has still it's flaws which can be a vulnerable aspect of bitcoin that may be abused by the government leaders and use it to make illegal or unethical transactions to make their life easy and comfortable the way they want it.

you are right bitcoin is really a great currency and bitcoin more going to popular in the world and i also send my money to any country in bitcoin easily and bitcoin transaction fees is very much lower than bank.

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Quote from: Labumi on April 07, 2017, 10:55:41 PM

Quote from: Creepings on April 06, 2017, 04:10:08 PM

Quote from: yellow1 on April 06, 2017, 05:10:47 AM

I think maybe if it will become popular to everywhere and all over the country it possible to become currency among other country.Because bitcoin is a good investment especially on savings.And when it spread among the country maybe it will uses as a currency.

Bitcoin is a great digital currency, a great asset or investment. It is now popular especially to the people who are sending money accross the world. It may be used as a currency of a country, but the problem is, it has still it's flaws which can be a vulnerable aspect of bitcoin that may be abused by the government leaders and use it to make illegal or unethical transactions to make their life easy and comfortable the way they want it.

Ahaha if you are not sure against profits given bitcoin so everything you say like despair ..?? . Bitcoin does have flaws, but the weakness is not a reason to make us just be spectators and commentators. Because of this world who dare step up he will be a winner, be a person who can think clearly and not afraid of weakness. Because of that one moment of weakness will certainly be corrected by those who are more expert in completing it, we just follow the rules of the game and look for advantage as much as possible

The advantage will be for those who are willing to hold their bitcoins for better value in the future, also we could take advantage of the price volatility if we will learn trading and eventually develop our skills through our knowledge and experience. Let's be more optimistic and focus on the future of bitcoin rather than thinking this is not a strong asset since it always fluctuate like the pump and dump game.

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Quote from: Creepings on April 06, 2017, 04:10:08 PM

Quote from: yellow1 on April 06, 2017, 05:10:47 AM

I think maybe if it will become popular to everywhere and all over the country it possible to become currency among other country.Because bitcoin is a good investment especially on savings.And when it spread among the country maybe it will uses as a currency.

Bitcoin is a great digital currency, a great asset or investment. It is now popular especially to the people who are sending money accross the world. It may be used as a currency of a country, but the problem is, it has still it's flaws which can be a vulnerable aspect of bitcoin that may be abused by the government leaders and use it to make illegal or unethical transactions to make their life easy and comfortable the way they want it.

Ahaha if you are not sure against profits given bitcoin so everything you say like despair ..?? . Bitcoin does have flaws, but the weakness is not a reason to make us just be spectators and commentators. Because of this world who dare step up he will be a winner, be a person who can think clearly and not afraid of weakness. Because of that one moment of weakness will certainly be corrected by those who are more expert in completing it, we just follow the rules of the game and look for advantage as much as possible

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Quote from: stergium on April 07, 2017, 04:03:44 PM

Quote from: ?? on ??

Quote from: benjamindees on March 28, 2014, 03:31:21 AM

For the first time, when I look at the offers on LocalBitcoins.com, there are a half-dozen currencies ahead of the US dollar, offering a higher price for Bitcoin than US dollar users.

Euros, South African Rands, New Zealand Dollars, Hong Kong Dollars, Polish Zloty, Malaysian Ringgits.

It is no longer just the US, EU or even China driving adoption. There is a market for Bitcoins in major countries all over the world.

Yes,Japan has passed a bill accepting bitcoins as payment officially.Liberland has made bitcoin its national currency.Nigeria is facing a huge economic crisis and so its people have lost their faith in their currency and have started to buy bitcoins.More companies have initiated steps to accept bitcoin payments.Bitcoin is soon going to become a global currency.

i personally have no idea that either japan has passed the bill about bitcoin or not, but i think it will be a good decision if the government has taken about bitcoin.

Which government?

Anyway, there is a video of a woman surviving for 2 days using bitcoin only
https://www.youtube.com/watch?v=FfJG6iVeRfI watch it! it's very informative
and entertaining Cheesy

there's an article about this too http://bitkan.com/news/topic/30920
the video is a great way to show how bitcoin can be used in daily life.

Oo ako to

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Quote from: benjamindees on March 28, 2014, 03:31:21 AM

For the first time, when I look at the offers on LocalBitcoins.com, there are a half-dozen currencies ahead of the US dollar, offering a higher price for Bitcoin than US dollar users.

Euros, South African Rands, New Zealand Dollars, Hong Kong Dollars, Polish Zloty, Malaysian Ringgits.

It is no longer just the US, EU or even China driving adoption. There is a market for Bitcoins in major countries all over the world.

Well, that is a good news for everyone of us. Its a big step towards success of the cryptocurrencies. Because of this the bitcoin price will skyrocket easily because of its huge demands.

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Quote from: ?? on ??

Quote from: benjamindees on March 28, 2014, 03:31:21 AM

For the first time, when I look at the offers on LocalBitcoins.com, there are a half-dozen currencies ahead of the US dollar, offering a higher price for Bitcoin than US dollar users.

Euros, South African Rands, New Zealand Dollars, Hong Kong Dollars, Polish Zloty, Malaysian Ringgits.

It is no longer just the US, EU or even China driving adoption. There is a market for Bitcoins in major countries all over the world.

Yes,Japan has passed a bill accepting bitcoins as payment officially.Liberland has made bitcoin its national currency.Nigeria is facing a huge economic crisis and so its people have lost their faith in their currency and have started to buy bitcoins.More companies have initiated steps to accept bitcoin payments.Bitcoin is soon going to become a global currency.

i personally have no idea that either japan has passed the bill about bitcoin or not, but i think it will be a good decision if the government has taken about bitcoin.

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Quote from: renfangfua on April 06, 2017, 11:36:14 PM

Quote from: usefrees on March 26, 2017, 01:22:10 PM

Now many have doubts that bitcoin can become a world currency. Nobody knows what will happen to bitcoin tomorrow. Therefore, we can not now talk about the good future bitcoin

Japan accepts bitcoin as legal payment method,Mexico has recently introduced a bill which defines bitcoin as a digital asset and sets forth rules for bitcoin exchanges, more and more countries accept bitcoin.Bitcoin being widely use helps lot of its users that's why we keep on adopting and using it that for sure every nation and people will soon get curious on it and will definitely use it.

and all of it makes bitcoin have more power to be established , and hard to make bitcoin worthless. really important to keep getting merchants to accept bitcoin , it was the key for convincing common people to know and start using bitcoin as a payment option alongside any other currency. we should always be optimistic heading for future of money.

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Quote from: usefrees on March 26, 2017, 01:22:10 PM

Now many have doubts that bitcoin can become a world currency. Nobody knows what will happen to bitcoin tomorrow. Therefore, we can not now talk about the good future bitcoin

Japan accepts bitcoin as legal payment method,Mexico has recently introduced a bill which defines bitcoin as a digital asset and sets forth rules for bitcoin exchanges, more and more countries accept bitcoin.Bitcoin being widely use helps lot of its users that's why we keep on adopting and using it that for sure every nation and people will soon get curious on it and will definitely use it.

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Quote from: batang_bitcoin on April 06, 2017, 05:20:07 PM

Quote from: yellow1 on April 06, 2017, 05:10:47 AM

I think maybe if it will become popular to everywhere and all over the country it possible to become currency among other country.Because bitcoin is a good investment especially on savings.And when it spread among the country maybe it will uses as a currency.

Government's will not simply declare it as a global currency. For us who are here and uses it with almost everything can conclude that it's our global currency. And I doubt it that they are going to consider it as a global currency but I know there are some countries that will recognize bitcoin this way because it's a good economy booster.

I think Governments will consider bitcoin as a way of payment but never as currency, maybe some
part or some government will see it as a currency but, I doubt that the majority of the Governments
in this world will see it as a currency.

I agree that Governments may also see it as an economy booster

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Quote from: Bitcotalk on April 06, 2017, 04:43:13 PM

Quote from: deppil on April 05, 2017, 10:16:32 AM

Quote from: usefrees on March 26, 2017, 01:22:10 PM

Now many have doubts that bitcoin can become a world currency. Nobody knows what will happen to bitcoin tomorrow. Therefore, we can not now talk about the good future bitcoin

I think the future can be predicted from the current bitcoin development. if the development of bitcoin is bad then the future will be ugly. but you can see the development of bitcoin is very good

yes you are right the development of bitcoin is going very well the developers of it are very expert and intelligent because of their struggle bitcoin is on strong foundations and none of the issue can harm it.

Are you kidding me? With a lot of debate about the blocksize increase and in this time it looks silly. Looks like the scalability issue is destroying and divided the bitcoin community. As you can see about both of the developer Bitcoin unlimited and bitcoin core try to attacking each other to get the interest from the block voters.

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Quote from: yellow1 on April 06, 2017, 05:10:47 AM

I think maybe if it will become popular to everywhere and all over the country it possible to become currency among other country.Because bitcoin is a good investment especially on savings.And when it spread among the country maybe it will uses as a currency.

Government's will not simply declare it as a global currency. For us who are here and uses it with almost everything can conclude that it's our global currency. And I doubt it that they are going to consider it as a global currency but I know there are some countries that will recognize bitcoin this way because it's a good economy booster.

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Quote from: deppil on April 05, 2017, 10:16:32 AM

Quote from: usefrees on March 26, 2017, 01:22:10 PM

Now many have doubts that bitcoin can become a world currency. Nobody knows what will happen to bitcoin tomorrow. Therefore, we can not now talk about the good future bitcoin

I think the future can be predicted from the current bitcoin development. if the development of bitcoin is bad then the future will be ugly. but you can see the development of bitcoin is very good

yes you are right the development of bitcoin is going very well the developers of it are very expert and intelligent because of their struggle bitcoin is on strong foundations and none of the issue can harm it.

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Quote from: yellow1 on April 06, 2017, 05:10:47 AM

I think maybe if it will become popular to everywhere and all over the country it possible to become currency among other country.Because bitcoin is a good investment especially on savings.And when it spread among the country maybe it will uses as a currency.

Bitcoin is a great digital currency, a great asset or investment. It is now popular especially to the people who are sending money accross the world. It may be used as a currency of a country, but the problem is, it has still it's flaws which can be a vulnerable aspect of bitcoin that may be abused by the government leaders and use it to make illegal or unethical transactions to make their life easy and comfortable the way they want it.

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