Bitcoin is Becoming a Global Currency - page 64.

Xester

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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

I agree with that. The definition of a global currency will tell us that this kind of currency is not being bounded by political boundaries and that is the nature of cryptocurrencies, it is not limited to one country but to all nations in the world. Bitcoin as a cryptocurrency can be considered a global currency since it can be used all around the world. Bitcoin doest need to replace fiat currencies and its impossible to do that, but even though it cannot replace fiat currency it is still a growing global currency that world has.

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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

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Quote from: Harlot on February 14, 2017, 09:13:28 AM

Quote from: bravehearth0319 on February 14, 2017, 07:30:24 AM

Bitcoin I think is already a global currency, because Russia, China, Australia, Europe, Singapore, Japan and others are accepted bitcoin in their own nations, maybe they believed it will help to their economy in terms of profit,.

Yes it is accepted in many countries in the world but does it make it the Global Currency? I mean do people prefer now paying in Bitcoin rather than cash? I think not because people still dominantly use Fiat currency and Bitcoin is still some kind of option to them. Can you name one company that only accepts Bitcoin as payment? If there is than that is the time that Bitcoin is the global currency

Does it mean that Bitcoin is the only global currency out there?

If it is not, then why any company should accept only Bitcoin for it to be considered a global currency? I agree that if Bitcoin is a global currency, it is expected that it should be accepted worldwide, more or less. On the other hand, not all other established global currencies such as the US dollar and the Euro are universally accepted either

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Quote from: Harlot on February 14, 2017, 09:13:28 AM

Quote from: bravehearth0319 on February 14, 2017, 07:30:24 AM

Bitcoin I think is already a global currency, because Russia, China, Australia, Europe, Singapore, Japan and others are accepted bitcoin in their own nations, maybe they believed it will help to their economy in terms of profit,.

Yes it is accepted in many countries in the world but does it make it the Global Currency? I mean do people prefer now paying in Bitcoin rather than cash? I think not because people still dominantly use Fiat currency and Bitcoin is still some kind of option to them. Can you name one company that only accepts Bitcoin as payment? If there is than that is the time that Bitcoin is the global currency.

It wouldn't make sense for any company to ONLY accept bitcoin. And by saying global currency, perhaps people mean that it is accepted any where in the world. There will be some people who are willing to trade fiat for bitcoin. Bitcoin has been getting acceptance and it is promising. In the next 10 years or so, we can see it coming up as a reserve currency.

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

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Quote from: bravehearth0319 on February 14, 2017, 07:30:24 AM

Bitcoin I think is already a global currency, because Russia, China, Australia, Europe, Singapore, Japan and others are accepted bitcoin in their own nations, maybe they believed it will help to their economy in terms of profit,.

Yes it is accepted in many countries in the world but does it make it the Global Currency? I mean do people prefer now paying in Bitcoin rather than cash? I think not because people still dominantly use Fiat currency and Bitcoin is still some kind of option to them. Can you name one company that only accepts Bitcoin as payment? If there is than that is the time that Bitcoin is the global currency.

bravehearth0319

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Bitcoin I think is already a global currency, because Russia, China, Australia, Europe, Singapore, Japan and others are accepted bitcoin in their own nations, maybe they believed it will help to their economy in terms of profit,.

Mbah Slamet

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Need a long road to becoming a global currency, the main issues currently are users still don't fully trust the bitcoin system with bitcoin. Many of the problems often encountered, for example stock bitcoin limited so difficult to spread throughout the world population reaches 6 billion currently.

MoneyIsDebt

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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.........

SvenBomvolen

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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.

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Quote from: Baggong on February 13, 2017, 04:18:51 AM

I can't believe, this is because it is still new and not yet bitcoin widely, global currency certainly has to be widely known by the public. In addition, the influence of the USD is still strong, so the trick is having to replace the USD.

As long as the Bitcoin keep increasing and developing, there will be the possibility for it to replace the USD. However, I doubt that it could happen since many people are not really get into Bitcoin. They are still very obsolete and they do not want to accept Bitcoin into their daily life.

Baggong

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I can't believe, this is because it is still new and not yet bitcoin widely, global currency certainly has to be widely known by the public. In addition, the influence of the USD is still strong, so the trick is having to replace the USD.

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Quote from: Harlot on February 13, 2017, 02:43:10 AM

I doubt global currency is the word for it. But I can say that Bitcoin is now world known and the demand of it in many country is getting higher and higher. With that said it can show us that Bitcoin is increasingly becoming a popular currency or payment system that the our world is currently accepting right now and I hope it will increase overtime.

Yeah since nowadays seemslike people consider bitcoin as stocks too
Rather than used as payment processor isn't? People love to invest their money in bitcoin
Only few people who really consider and use it to buy or sell somthing for bitcoin
Pretty unfortunate to see this kind big thing misused .

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Quote from: Harlot on February 13, 2017, 02:43:10 AM

I doubt global currency is the word for it. But I can say that Bitcoin is now world known and the demand of it in many country is getting higher and higher. With that said it can show us that Bitcoin is increasingly becoming a popular currency or payment system that the our world is currently accepting right now and I hope it will increase overtime.

It will certainly go to that direction, we are all expecting that and with the increasing adoption, the demand will also increase. I am sure overtime people will be more aware about the new technology and eventually they will accept it as the government also recognizes it.
This is the result of our continues support, we do not give up when there is a crisis and now it rewarded us with great price.

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I doubt global currency is the word for it. But I can say that Bitcoin is now world known and the demand of it in many country is getting higher and higher. With that said it can show us that Bitcoin is increasingly becoming a popular currency or payment system that the our world is currently accepting right now and I hope it will increase overtime.

Text

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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, 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.

That's what I'm thinking too, Bitcoin 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.

Kasabus

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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.

positivezero

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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.

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Quote from: President79 on February 02, 2017, 05:02:47 AM

Quote from: doaremon on February 02, 2017, 01:55:32 AM

Sooner or later bitcoin is going to be global currency as we can many sites and even stores accepting bitcoin. And except few countries there are many countries around the world where bitcoin is legal. So all we can do now is to wait and see.

I suggest do not expect much from the bitcoin, to become the global currency of course there's a deal many countries, I never thought that all countries will agree, surely they'll bitcoin analyze pros and cons bitcoin. And also, there is definitely a long time socializing, because it introducing a new currency system for 6 billion world population isn't easy.

It is not easy and it will take a lot of time. But we must believe in Bitcoin.
It is now used throughout the world. For Bitcoin has no boundaries.

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Quote from: zagarcoin on February 06, 2017, 03:37:54 AM

Bitcoin was great and I hope it is used by many people and many countries I believe it will happen in the future ,but maybe it will happen for a long time... I hope that one day he will become a global currency.

I bet to differ Bitcoin is already showing glimpses of being the global currency and I agree with the OP on his suggestion. It seems it's gradually taking over and people need to start appreciating it until a full take over some day.

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