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Topic: Bitcoin is the global currency of Earth - page 10. (Read 7886 times)

hero member
Activity: 952
Merit: 503
December 17, 2015, 08:50:02 AM
#30
Bitcoin won't have enough power to be a currency of earth if we're not supporting it
sr. member
Activity: 280
Merit: 250
December 17, 2015, 08:32:26 AM
#29
It's true what you're saying but the only way for bitcoin to become stronger and bigger worldwide, is when more people are going to start to adapt to it. There's no bitcoin if people don't adapt to it. I think when the time comes that bitcoin becomes so big that different countries will start to ban bitcoin.
hero member
Activity: 616
Merit: 500
December 17, 2015, 08:22:07 AM
#28
It is because it's not adopted to any country. You can use it anywhere and everywhere you are. If only merchants and such would accept it more, that would be amazing. I do believe bitcoin has a brighter future than any other currency out there.
legendary
Activity: 3248
Merit: 1070
December 17, 2015, 07:34:08 AM
#27
bitcoin it's the evolution of gold, in a digital way, gold was also the currency in the past of the world, but it did not work quite well too expensive and troublesome to carry on

bitcoin replaced it perfectly as a means of payment, and as a investment also, but still one can argue about the stability, i can say give it more time and youc an compare it to gold perfectly
hero member
Activity: 518
Merit: 500
December 17, 2015, 03:58:34 AM
#26
its easily the strongest cryptocurrency valued 450 times more than the US dollar

the first Super currency and  the best store of wealth due to its cryptographic  network strength


yes this is bitcoin,and on other post i found fact,that bitcoin become currency of country near Portugal,even i can't believe that all,but i think that is massive news,of cours if that news is trusted.
hero member
Activity: 588
Merit: 500
December 16, 2015, 07:04:10 AM
#25
I agree with your thought process, but the issue is that I am not sure any government has accepted it as a currency.  We can treat it as a currency all we want, but until the government accepts it as a currency, it is going to be hard for it to mainstream.
sr. member
Activity: 252
Merit: 250
December 16, 2015, 07:01:00 AM
#24

Interesting article,  may someone from liberland can confirming this news?
legendary
Activity: 1862
Merit: 1004
December 16, 2015, 06:19:52 AM
#23

It is certainly global if you mean it can be transferred anywhere with ease, however.


Thats reasonable, Bitcoin is really currency without borders and not controlled by any country - pretty much ideal in global trade. But Bitcoin cannot replace USD and other currencies because with maximum 5 transactions per seconds, it is not enought, even if you increase 1000x the thoroughput (1GB blocks Shocked), it is not enought for replacing all other currencies
I doubt that bitcoin user base will be that large so we would need capacity that huge. Not right now, and probably not in the near future. Bitcoin community as of now is maybe 4-5 mln people, at most!
Until we will need more transactions per second, considering our growth, it could take years. Until then bitcoin core protocol can be changed to answer these problems.
legendary
Activity: 1666
Merit: 1001
December 16, 2015, 06:07:10 AM
#22
yes i think it has almost become the global currency of the world

as we can see now bitcoin has appeared almost in everywhere, just in matter of time it will become global and everybody can spend and do transaction with it
hero member
Activity: 994
Merit: 1000
December 16, 2015, 05:51:02 AM
#21
Just because its more expensive than USD, doesn't mean its better.

BTC is barely used anywhere at all. Which makes it alot less 'valuable' in my eyes.


We know that the price while presently stable, can change at any minute and it usually does. This has often led to feelings of distrust and worry amongst users and the general public. Furthermore, companies like BitPay are believed to be cutting their staff in order to save on costs and keep up with bitcoin’s current pace. moreover All the world wide MNC will go with Bitcoin transaction for reduce fees and taxes Then Bitcoin is untouchable position. Smiley
hero member
Activity: 616
Merit: 500
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December 16, 2015, 05:35:45 AM
#20
I dont think Bitcoin need to compete with US$. For now it should dig his way to become main currency of internet and best/cheapest way to send money worldwide.
sr. member
Activity: 423
Merit: 250
December 16, 2015, 05:25:15 AM
#19

It is certainly global if you mean it can be transferred anywhere with ease, however.


Thats reasonable, Bitcoin is really currency without borders and not controlled by any country - pretty much ideal in global trade. But Bitcoin cannot replace USD and other currencies because with maximum 5 transactions per seconds, it is not enought, even if you increase 1000x the thoroughput (1GB blocks Shocked), it is not enought for replacing all other currencies
legendary
Activity: 1792
Merit: 1283
December 16, 2015, 05:24:18 AM
#18
Just because its more expensive than USD, doesn't mean its better.

BTC is barely used anywhere at all. Which makes it alot less 'valuable' in my eyes.


I agree that in the global sense, Bitcoin is indeed barely used anywhere. But I'm still able to buy almost anything with Bitcoin, either by paying the merchant directly in Bitcoins or through various gift cards that can be purchased with Bitcoin.

Heck, there are even a number of bars in my home city where I can pay with Bitcoin. Given that Bitcoin is still extremely new, I'd say it's doing pretty good in terms of adoption by merchants.
legendary
Activity: 1106
Merit: 1005
December 16, 2015, 05:11:52 AM
#17
Just because its more expensive than USD, doesn't mean its better.

BTC is barely used anywhere at all. Which makes it alot less 'valuable' in my eyes.



Just wait a few years, the USD is losing its status as world reserve currency and globally accepted unit of trade, Bitcoin can and will fill the gap.     

China, Russia and Europe will try to contest with each other to replace the dollar, but eventually Bitcoin will be the best to fill that role.
hero member
Activity: 756
Merit: 500
I don't bite.
December 16, 2015, 05:05:16 AM
#16
Approved. Bitcoin is a global currency of Earth, no doubts about that.
Sadly, my friend don't give a fuck about Bitcoin. Angry
legendary
Activity: 2296
Merit: 1014
December 16, 2015, 04:55:02 AM
#15
its easily the strongest cryptocurrency valued 450 times more than the US dollar

the first Super currency and  the best store of wealth due to its cryptographic  network strength


and people often forgot about that, its first currency in the world without borders
its unique, its special, people will recognize its qualities in time Smiley
legendary
Activity: 1022
Merit: 1003
𝓗𝓞𝓓𝓛
December 16, 2015, 04:51:15 AM
#14
Hmmm... I think we should be more ambitious... Bitcoin: Global currency of the Earth, the Moon, the Mars... the Universe!
Nope, you're too ambitious for this.
We don't even know that they're using a currency system for doing a trade. Unless, if you mean that human will make a colonial on those planets and using Bitcoin as the currency.
legendary
Activity: 1134
Merit: 1000
December 16, 2015, 03:56:48 AM
#13
its easily the strongest cryptocurrency valued 450 times more than the US dollar

the first Super currency and  the best store of wealth due to its cryptographic  network strength


Very few words and very full and high meaning. It could be enough the fact that bitcoin worth 450 times the value of us dollar (which the most powerful currency of the world) to understand the power of bitcoin. But I think that is nothing compared to the hopes of everyone of us. Can anyone imagine the importance of someone rich with bitcoin? How was possible to not buy more when the price was 40-50 us dollar (the time of my presentation with it)?
legendary
Activity: 2100
Merit: 1058
December 16, 2015, 03:22:49 AM
#12
its easily the strongest cryptocurrency valued 450 times more than the US dollar

the first Super currency and  the best store of wealth due to its cryptographic  network strength



How we can say 450 time more valued when the units of USD and bitcoins are not same.
But regardless of value, we are experiencing that bitcoin has many obvious reasons to become the global currency of Earth. In this aspect bitcoin will replace gold to be the international medium of exchange.
hero member
Activity: 506
Merit: 500
December 16, 2015, 03:19:50 AM
#11
its easily the strongest cryptocurrency valued 450 times more than the US dollar

the first Super currency and  the best store of wealth due to its cryptographic  network strength

That is baseless wild speculation. It does not give a time line. I can safely say bitcoin will not be worth more than US dollar in terms of market capitulation in 5 years.

We'll never have the market cap of USD. I'm sure there are some economists out there that can prove mathematically why.
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