Bitcoin is Becoming a Global Currency - page 63.

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Quote from: Slark on February 22, 2017, 01:41:54 AM

Look what is currently happening - we have more than 80.000 unconfirmed transactions waiting in the mempool.
And bitcoin is not even used by more than 10 million people. It can't become a global payment method with problems like that.
So far Bitcoin proved one thing - it is a great asset when you are not using it, nothing will potentially gain you more profit than holding BTC

Lightning Network is likely the answer

But since miners are not going to accept it anyway (since they are rather shortsighted and care only for their short-term profits which LN is set to strip them off), Bitcoin might have to pass through the so-called bottleneck in the future to get rid of these rogue miners. Some folks are claiming that the LN update will make Bitcoin centralized as a payment system (turn it into a banking system of sorts), though I heavily disagree with this attitude since it will actually allow to decentralize it from the miners' hegemony we are presently stuck with

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Quote from: Slark on February 22, 2017, 01:41:54 AM

Look what is currently happening - we have more than 80.000 unconfirmed transactions waiting in the mempool.
And bitcoin is not even used by more than 10 million people. It can't become a global payment method with problems like that.
So far Bitcoin proved one thing - it is a great asset when you are not using it, nothing will potentially gain you more profit than holding BTC.

Bitcoin confirmation delays seems to be a problem but I don't think that will have a negative bearing over it becoming a global currency. It is actually being used globally and taking center stage in global transactions but the problem with the confirmations has to do with the block size which I'm told work is already underway to increase it.

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Quote from: nara1892 on February 21, 2017, 06:58:12 PM

Quote from: lOvE mE forEvEr on February 15, 2017, 08:00:05 AM

Quote from: blockcha1n on February 14, 2017, 09:18:28 AM

I think Bitcoin is not becoming a global currency, rather it is already and it has always been. The nature of Bitcoin is global.

Yes true, if bitcoin currency of course all countries will accepted. In my country, bitcoin same with commodity, and not accept for payment. Don't too high expectations with bitcoin.

yeah, because bitcoin is available in all countries as long as the citizens have internet connection. if a currency can do such thing, we can call it as global currency. besides, it is used in many countries.

Internet facility is available in all countries,but backward countries don't have much knowledge about bitcoin. Bitcoin will become global currency only when they have proper exchanges. Even though they have knowledge about how to use bitcoin, but they need to convert them into their corresponding currency. But very soon Bitcoin will become global currency.

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Look what is currently happening - we have more than 80.000 unconfirmed transactions waiting in the mempool.
And bitcoin is not even used by more than 10 million people. It can't become a global payment method with problems like that.
So far Bitcoin proved one thing - it is a great asset when you are not using it, nothing will potentially gain you more profit than holding BTC.

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Quote from: rizkyhiw on February 22, 2017, 12:30:34 AM

Quote from: cramcram21 on February 21, 2017, 04:10:04 PM

Well for me as long as they can access internet,
They can use bitcoin and earn through it so yes bitcoin is becoming a global currency for me.

Global currency means people used bitcoin around the world as a payment tool
So far only few people do it , the rest is an investor who holding bitcoin only
Also considering there only few merchants, not spreaded evenly around the world
So basically it's not yet completely recognized as global currency.

There are investors but these investors do spend their bitcoins as well, they are not here to just hold bitcoin as they take the chance to spend as well. I am an investor and I look to hold it longer but I also enjoy spending my bitcoins like using it for paying my bills and in gambling. What will make our investment successful is when there is a great demand and that will only happen when bitcoins is circulated with a good number of population.

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Quote from: cramcram21 on February 21, 2017, 04:10:04 PM

Well for me as long as they can access internet,
They can use bitcoin and earn through it so yes bitcoin is becoming a global currency for me.

Global currency means people used bitcoin around the world as a payment tool
So far only few people do it , the rest is an investor who holding bitcoin only
Also considering there only few merchants, not spreaded evenly around the world
So basically it's not yet completely recognized as global currency.

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Quote from: Natalim on February 21, 2017, 10:03:26 PM

Quote from: nara1892 on February 21, 2017, 06:58:12 PM

Quote from: lOvE mE forEvEr on February 15, 2017, 08:00:05 AM

Quote from: blockcha1n on February 14, 2017, 09:18:28 AM

I think Bitcoin is not becoming a global currency, rather it is already and it has always been. The nature of Bitcoin is global.

Yes true, if bitcoin currency of course all countries will accepted. In my country, bitcoin same with commodity, and not accept for payment. Don't too high expectations with bitcoin.

yeah, because bitcoin is available in all countries as long as the citizens have internet connection. if a currency can do such thing, we can call it as global currency. besides, it is used in many countries.

Global currencies in my own definition is where it is used by many countries regardless of the number of users, as what we have been witnessing now, progress of bitcoin has rapidly increase, we have hit the $1,100 and that means a lot to the bitcoin economy as a whole, it only shows that people are supporting bitcoin and they are making a good demand which makes bitcoin more stronger.

That's correct and this globalization dream of Bitcoin enthusiasts will be realized in no time. 2017 is indeed proving to be the year of Bitcoin and we hope for more support all over the world before the end of the year.

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Quote from: nara1892 on February 21, 2017, 06:58:12 PM

Quote from: lOvE mE forEvEr on February 15, 2017, 08:00:05 AM

Quote from: blockcha1n on February 14, 2017, 09:18:28 AM

I think Bitcoin is not becoming a global currency, rather it is already and it has always been. The nature of Bitcoin is global.

Yes true, if bitcoin currency of course all countries will accepted. In my country, bitcoin same with commodity, and not accept for payment. Don't too high expectations with bitcoin.

yeah, because bitcoin is available in all countries as long as the citizens have internet connection. if a currency can do such thing, we can call it as global currency. besides, it is used in many countries.

Global currencies in my own definition is where it is used by many countries regardless of the number of users, as what we have been witnessing now, progress of bitcoin has rapidly increase, we have hit the $1,100 and that means a lot to the bitcoin economy as a whole, it only shows that people are supporting bitcoin and they are making a good demand which makes bitcoin more stronger.

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Quote from: lOvE mE forEvEr on February 15, 2017, 08:00:05 AM

Quote from: blockcha1n on February 14, 2017, 09:18:28 AM

I think Bitcoin is not becoming a global currency, rather it is already and it has always been. The nature of Bitcoin is global.

Yes true, if bitcoin currency of course all countries will accepted. In my country, bitcoin same with commodity, and not accept for payment. Don't too high expectations with bitcoin.

yeah, because bitcoin is available in all countries as long as the citizens have internet connection. if a currency can do such thing, we can call it as global currency. besides, it is used in many countries.

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Well for me as long as they can access internet,
They can use bitcoin and earn through it so yes bitcoin is becoming a global currency for me.

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Quote from: Vaslime on February 21, 2017, 10:52:19 AM

Quote from: gabmen on February 16, 2017, 01:30:32 AM

Quote from: BigBos on February 15, 2017, 08:56:23 AM

bitcoin will really become an international currency when everyone was using bitcoin. but for now, there is still he who does not know to use bitcoin, even some of those who hate using bitcoin, for several reasons. but, when everything has been receiving bitcoin, I think it would be very easy for bitcoin to become a global currency.

Well at this point, i think we can already consider bitcoin,in some ways, as global currency as people from different countries are already using btc to make money transfers and online transaction. Though the fact that it still would have to be converted to fiat and that country's currency tells us that it's mostly a digital currency that people around the world are using

I have used bitcoin to buy things internationally.

yeah we can use bitcoin in anywhere for shopping because bitcoin is acceptable in anywhere for online shopping i hope bitcoin will be more use than usd in the future and then bitcoin can be say that bitcoin is global currency and advantages of bitcoin is also growing day by day .

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Quote from: gabmen on February 16, 2017, 01:30:32 AM

Quote from: BigBos on February 15, 2017, 08:56:23 AM

bitcoin will really become an international currency when everyone was using bitcoin. but for now, there is still he who does not know to use bitcoin, even some of those who hate using bitcoin, for several reasons. but, when everything has been receiving bitcoin, I think it would be very easy for bitcoin to become a global currency.

Well at this point, i think we can already consider bitcoin,in some ways, as global currency as people from different countries are already using btc to make money transfers and online transaction. Though the fact that it still would have to be converted to fiat and that country's currency tells us that it's mostly a digital currency that people around the world are using

People from different countries using it makes it international in my eyes. I would consider it global if people from all the countries would use it. Also i acknowledge it as payment method but not as currency. We are quite far away from being a currency.

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Quote from: gabmen on February 16, 2017, 01:30:32 AM

Quote from: BigBos on February 15, 2017, 08:56:23 AM

bitcoin will really become an international currency when everyone was using bitcoin. but for now, there is still he who does not know to use bitcoin, even some of those who hate using bitcoin, for several reasons. but, when everything has been receiving bitcoin, I think it would be very easy for bitcoin to become a global currency.

Well at this point, i think we can already consider bitcoin,in some ways, as global currency as people from different countries are already using btc to make money transfers and online transaction. Though the fact that it still would have to be converted to fiat and that country's currency tells us that it's mostly a digital currency that people around the world are using

I have used bitcoin to buy things internationally.

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Quote from: BigBos on February 15, 2017, 08:56:23 AM

bitcoin will really become an international currency when everyone was using bitcoin. but for now, there is still he who does not know to use bitcoin, even some of those who hate using bitcoin, for several reasons. but, when everything has been receiving bitcoin, I think it would be very easy for bitcoin to become a global currency.

Well at this point, i think we can already consider bitcoin,in some ways, as global currency as people from different countries are already using btc to make money transfers and online transaction. Though the fact that it still would have to be converted to fiat and that country's currency tells us that it's mostly a digital currency that people around the world are using

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Quote from: SvenBomvolen on February 13, 2017, 04:48:58 AM

Quote from: positivezero on February 12, 2017, 10:04:23 PM

Quote from: hajimasan on January 31, 2017, 11:58:53 AM

Due to increasing in technology almost person want to get an alternative path of earning. So more people join with bitcoin so we can say that bitcoin will become as a global currency.

Yes i agree to you, todays generation is very different from the past. We have so called technology, very improving and productive today. I think every year they produce new technology that can be used and useful to the people. That's why, bitcoin is famous its because of the new technology, sooner or later, the things that we don't expect will come, like bitcoin is becoming a global currency. Yes it is very possible since bitcoin now is always in social media, many people used it and it gives us the benefits that dont expect.

That's right today in era of centralized money we all are looking for a way to skip the system away. Bitcoin is appeared in the right time in the year of the world's financial crisis (2008), it's decentralized and bitcoin users are only people who can control bitcoin.

Yes only we people (users of bitcoin) can control bitcoin. Even bitcoin would become the global currency it doesn't mean that it would replace the real money. yeah bitcoin now is very famous in a way that it gives us benefits like earning money as well as the transactions being done by it. It is easier and convenient to use especially if you're a busy person.

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Quote from: Kasabus on February 13, 2017, 12:47:27 AM

Quote from: positivezero on February 12, 2017, 10:04:23 PM

Quote from: hajimasan on January 31, 2017, 11:58:53 AM

Due to increasing in technology almost person want to get an alternative path of earning. So more people join with bitcoin so we can say that bitcoin will become as a global currency.

Yes i agree to you, todays generation is very different from the past. We have so called technology, very improving and productive today. I think every year they produce new technology that can be used and useful to the people. That's why, bitcoin is famous its because of the new technology, sooner or later, the things that we don't expect will come, like bitcoin is becoming a global currency. Yes it is very possible since bitcoin now is always in social media, many people used it and it gives us the benefits that dont expect.

I guess the probability of that happening is very low, we cannot expect it will be a currency that will replace the current system. It will only be a payment system online and nothing more special than that, bitcoin can be regulated by the government and anonymous transaction can only happen if you will not convert your transaction to fiat. Always consider than if a certain exchange sites will not comply, the government can sanction them.

What i mean is bitcoin will become a global currency but it doesn't mean that it would replace the fiat money. Yes i would agree to you that bitcoin is a payment system online but also bitcoin is a kind of currency that will be replaced into real money. Well of course, the government will give punishment since some of the governments won't allow bitcoin in their country

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bitcoin will really become an international currency when everyone was using bitcoin. but for now, there is still he who does not know to use bitcoin, even some of those who hate using bitcoin, for several reasons. but, when everything has been receiving bitcoin, I think it would be very easy for bitcoin to become a global currency.

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Quote from: lOvE mE forEvEr on February 15, 2017, 08:00:05 AM

Quote from: blockcha1n on February 14, 2017, 09:18:28 AM

I think Bitcoin is not becoming a global currency, rather it is already and it has always been. The nature of Bitcoin is global.

Yes true, if bitcoin currency of course all countries will accepted. In my country, bitcoin same with commodity, and not accept for payment. Don't too high expectations with bitcoin.

A lot of the country are not determining if bitcoin is including on the / same as a commodity.

But bitcoin still have a lot of the problem with the government's permission. look at U.S

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Quote from: blockcha1n on February 14, 2017, 09:18:28 AM

I think Bitcoin is not becoming a global currency, rather it is already and it has always been. The nature of Bitcoin is global.

Yes true, if bitcoin currency of course all countries will accepted. In my country, bitcoin same with commodity, and not accept for payment. Don't too high expectations with bitcoin.

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Quote from: delliaerd on February 15, 2017, 05:54:08 AM

Quote from: MoneyIsDebt on February 13, 2017, 04:50:31 AM

Quote from: Text on February 13, 2017, 01:51:17 AM

Quote from: Kasabus on February 13, 2017, 12:47:27 AM

I guess the probability of that happening is very low, we cannot expect it will be a currency that will replace the current system. It will only be a payment system online and nothing more special than that, can be regulated by the government and anonymous transaction can only happen if you will not convert your transaction to fiat. Always consider than if a certain exchange sites will not comply, the government can sanction them.

That's what I'm thinking too, is an alternate currency online and also an alternative method on processing our payments. So it will not replace the fiat money of every country, there is only an adaptation but not replacement.

you are right paper money has its own importance..... we can't use as a daily use without exchanging it...... if you say about internet than i think it will become global currency in future.........

In my point of view it would be very hard to Bitcoin can replace fiat. To become a global currency Does it have to beat all currencies? Indirectly, Bitcoin is used globally, it means that Bitcoin has become one of the global currency without having to get rid of another global currency.
Correct me if i wrong, thanks

we need more time to see bitcoin is becoming a global currency and there will be a mass adoption in every where since until now, there is only few people know bitcoin in one country. if the bitcoin user is united and maybe make an proposal to the government and give explain to the government that bitcoin is a good thing and they can get involve in bitcoin too, then i think we don't need too long to see bitcoin as global currency.

Topic: Bitcoin is Becoming a Global Currency - page 63. (Read 226475 times)