Topic: Bitcoin is the global currency of Earth - page 9. (Read 7909 times)
I can honestly say that bitcoin is the strongest digital currency that i have come across. I am also sure that very many persons across the globe are attesting to this. One great challenge that i see that is pulling bitcoin is the inability of any body to regulate the flow of the coins as it does happen in other currencies. I was thinking that when a body is formed to regulate bitcoins, it will grower stronger that ever before.
What are you doods smoking here? Bitcoin is global, yes, but it's a fucking horrible currency! As it gains value, it encourages hoarding (HODLING) and thus people never use it. And it's still the plaything of nerds and criminals. It needs much wider adoption before it becomes an everyday tool for the average person.
It's nice to hope, but damn. Let's be realistic here.
It's nice to hope, but damn. Let's be realistic here.
I hate to say this, but Bitcoin is too small overall in order for it to be the currency of -whatever-. And I don't mean small as in user base, I mean the divisions are too small.
As it stands, if every satoshi was worth $1, the market cap would be ~2.1 trillion, if I remember correctly, and thus would be too small to replace the current monetary system. Hypothetically it could, but there would be too many outstanding debts, or anything really, in order for it to be able to fully integrate itself into society.
As it stands, if every satoshi was worth $1, the market cap would be ~2.1 trillion, if I remember correctly, and thus would be too small to replace the current monetary system. Hypothetically it could, but there would be too many outstanding debts, or anything really, in order for it to be able to fully integrate itself into society.
The choice of 8 decimal places is arbitrary and can be changed, without diluting the value of Bitcoin. Your math/memory is also off. If each existing satoshi was worth $1, the total final market cap would be $2.1 quadrillion.
BTC isn't related to Earth or the Universe. BTC is the global currency of men. If mankind were to disappear, which is definitely a possibility, BTC would disappear as well.
Besides, the US dollar, the Euro, the Chinese or Indian currency all have more than half a billion users. BTC's way behind.
Besides, the US dollar, the Euro, the Chinese or Indian currency all have more than half a billion users. BTC's way behind.
BTC is barely used anywhere but in the internet and the good thing is everyone uses the cloud so its possible. No one can stop bitcoin even the government. Not unlike they can kill us all.
Gold-money of Gaddafi was stopped which could have devastated USD thus theories about why he was purposely eliminated.
As the world is turning into one big city there is the need to have a standardized means of exchange. Bitcoin as accomplished just that. It might not be the one that sticks around, but, at least the concept as born.
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. BTC is barely used anywhere at all. Which makes it alot less 'valuable' in my eyes.
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.
In Montreal we have a few atm machines but no bars that accept bitcoin. Which city are you from?
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
the first Super currency and the best store of wealth due to its cryptographic network strength
Bitcoin is successful crypto currency , and each day it's growing up and used by more big and famous marketplaces and ewallets online, so we expect it will be the first global currency soon
BTC isn't related to Earth or the Universe. BTC is the global currency of men. If manhood were to disappear, which is definitely a possibility, BTC would disappear as well.
Besides, the US dollar, the Euro, the Chinese or Indian currency all have more than half a billion users. BTC's way behind.
Besides, the US dollar, the Euro, the Chinese or Indian currency all have more than half a billion users. BTC's way behind.
The speed of light limitation will make it impossible to run between Earth and Mars, so you still need interplanet exchanges for crypto currencies but how would that work with the speed of light limitation in place is still a question, maybe in interplanet exchanges the confirmation time must increase to one hours or longer. It seems only a quantum coin can do instant information propagation in universe (in science fiction like theory)
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
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.
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
the first Super currency and the best store of wealth due to its cryptographic network strength
Indeed. In bitcoin we trust.
Amen!
Comparing bitcoin is close to impossible. It has so many aspects that are making it greater then any other form of trading, that it is humiliating.
We just need the masses to wake.
People know what happened in cryprus, greece, eventually the world will wake up.
The Earth is not a globe.
It's only worth $450 because not a lot of people know about it. I think the price of bitcoin could be way higher than it is right now if more people would adapt to it.
Let alone if we have more people who are aware of bitcoin, it would have way more potential.
Let alone if we have more people who are aware of bitcoin, it would have way more potential.
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.
BTC is barely used anywhere at all. Which makes it alot less 'valuable' in my eyes.
I think this is the point.
The fact that it has more value than dollar does not mean much really. It is all in the names. If we call the 1000 dollar note "one grand", we could say "Grands are better than BTC because they have more value".
However, I hope for Bitcoin to be great too!
Really wise and factual lines as of now Bitcoin might be used rarely that's our assumption there are so many people who are using Bitcoin globally especially in China and USA only thing which bothers me about BTC is the stability
it is true , still bitcoin have got only 25% of the earth, and still 75% it have to create awarness, their are still countrys which dont accept bitcoins in any manner. untill it get recognised globally and all transaction are done with bitcoins till then we cannot tell that bitcoin is the global currency of EARTH.
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.
BTC is barely used anywhere at all. Which makes it alot less 'valuable' in my eyes.
I think this is the point.
The fact that it has more value than dollar does not mean much really. It is all in the names. If we call the 1000 dollar note "one grand", we could say "Grands are better than BTC because they have more value".
However, I hope for Bitcoin to be great too!
Really wise and factual lines as of now Bitcoin might be used rarely that's our assumption there are so many people who are using Bitcoin globally especially in China and USA only thing which bothers me about BTC is the stability
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
the first Super currency and the best store of wealth due to its cryptographic network strength
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.
BTC is barely used anywhere at all. Which makes it alot less 'valuable' in my eyes.
I think this is the point.
The fact that it has more value than dollar does not mean much really. It is all in the names. If we call the 1000 dollar note "one grand", we could say "Grands are better than BTC because they have more value".
However, I hope for Bitcoin to be great too!
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. BTC is barely used anywhere at all. Which makes it alot less 'valuable' in my eyes.
Its used quite alot imo and blocksize is full, and forget about bitpay shedding staff, shareholders
of all big companies are requesting massive layoffs due to automation from machines and the net,
Someone demanded to know why FB needed more than 10 workers.
Bitcoin won't have enough power to be a currency of earth if we're not supporting it
Support alone is not enough. Bitcoin is a threat to currently existing economic system. Maybe not right now, because we are rather small community, but in couple of years things can change and not even the highest amount of support will convince lawmakers not to create some hardcore version of BitLicense but with global range. Jump to: