Bitcoin to be international currency - page 103.

Oralmat

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Quote from: Woshib on June 25, 2016, 03:48:42 AM

Quote from: hyudien on May 12, 2016, 11:16:19 AM

If bitcoin to be international currency, what do you think?
You can use it every where and anywhere, without exchange it.
And how to use transaction with it, if bitcoin just crypto currency?
How many people like with this thread?

Bitcoin is already an international currency that everyone can spend anywhere online.
It can grow, and attract more peoples.
For that, we need to improve the system, so that transactions will be faster.

Bitcoin is an international currency because it has no boundaries or limitation . It is not controlled by any government. But only thing it is not yet considered as an international currency it is not used everywhere and not everyone knows about it.

JesusHadAegis

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Quote from: Woshib on June 25, 2016, 03:48:42 AM

Quote from: hyudien on May 12, 2016, 11:16:19 AM

If bitcoin to be international currency, what do you think?
You can use it every where and anywhere, without exchange it.
And how to use transaction with it, if bitcoin just crypto currency?
How many people like with this thread?

Bitcoin is already an international currency that everyone can spend anywhere online.
It can grow, and attract more peoples.
For that, we need to improve the system, so that transactions will be faster.

I dont think you get the concept of btc being an international currency. It would mean that it can have its own fiat currency and globally accepted and tradable. Btc is mostly limited in online transactions and its not yet viable to use as payment for common goods.

IMO Online business would become more profitable and more opportunities would appear online.

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Quote from: Woshib on June 25, 2016, 03:48:42 AM

Quote from: hyudien on May 12, 2016, 11:16:19 AM

If bitcoin to be international currency, what do you think?
You can use it every where and anywhere, without exchange it.
And how to use transaction with it, if bitcoin just crypto currency?
How many people like with this thread?

Bitcoin is already an international currency that everyone can spend anywhere online.
It can grow, and attract more peoples.
For that, we need to improve the system, so that transactions will be faster.

Its an international currency only for them who are using it or holding it, it cannot be the same for others who have not heard about it, so at a moment we cannot call it as an international currency.

Woshib

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Quote from: hyudien on May 12, 2016, 11:16:19 AM

If bitcoin to be international currency, what do you think?
You can use it every where and anywhere, without exchange it.
And how to use transaction with it, if bitcoin just crypto currency?
How many people like with this thread?

Bitcoin is already an international currency that everyone can spend anywhere online.
It can grow, and attract more peoples.
For that, we need to improve the system, so that transactions will be faster.

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Quote from: Supercrypt on June 25, 2016, 02:59:35 AM

Quote from: Daneric on June 21, 2016, 06:04:44 AM

The future is bitcoin and even currently, it is being used in all parts of the world. How do you call a currency that is being used globally. I highly suspect that bitcoin is now second to the dollar globally. Although it has not been formalized, it is being used by so many people because of its decentralized nature.

No, bitcoin is not yet the second world currency but the second currency of the world is Euro as it is the most traded currency right now, but hope that in the coming future everyone become aware with that currency and it will be the first currency of the globe.

Bitcoin can never become the primary currency, it will be always used as an secondary currency and that is a fact and we need to accept the reality as bitcoin can never replace any major currency.

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Quote from: Daneric on June 21, 2016, 06:04:44 AM

The future is bitcoin and even currently, it is being used in all parts of the world. How do you call a currency that is being used globally. I highly suspect that bitcoin is now second to the dollar globally. Although it has not been formalized, it is being used by so many people because of its decentralized nature.

No, bitcoin is not yet the second world currency but the second currency of the world is Euro as it is the most traded currency right now, but hope that in the coming future everyone become aware with that currency and it will be the first currency of the globe.

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Quote from: hermanhs09 on June 24, 2016, 06:03:52 PM

Quote from: hyudien on June 24, 2016, 03:33:32 PM

Quote from: ibh98 on June 23, 2016, 02:43:30 PM

Why not? We can see rapid use of bitcoin everywhere. Then if it used largely it will be an international currency

But, i think it's verry impossible, couse bitcoin have many weakness like anyone can get it with verry easy. And if wold be, that can make bitcoin unlimited, so if all people have so many bitcoin, it will make bitcoin verry cheaper after.

Bitcoin could end up being a side nation's country money but the fact of the matter is... You cannot expect btc to rise to the challenge to be that currency because there are a limited amount of btc allowed.

Yeah and the fact is that it will be used worldwide in future but it cannot take place of fiat currency ever, as there will be certain population even in future who will prefer to use fiat currency.

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Quote from: hyudien on June 24, 2016, 03:33:32 PM

Quote from: ibh98 on June 23, 2016, 02:43:30 PM

Why not? We can see rapid use of bitcoin everywhere. Then if it used largely it will be an international currency

But, i think it's verry impossible, couse bitcoin have many weakness like anyone can get it with verry easy. And if wold be, that can make bitcoin unlimited, so if all people have so many bitcoin, it will make bitcoin verry cheaper after.

Bitcoin could end up being a side nation's country money but the fact of the matter is... You cannot expect btc to rise to the challenge to be that currency because there are a limited amount of btc allowed.

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Quote from: ibh98 on June 23, 2016, 02:43:30 PM

Why not? We can see rapid use of bitcoin everywhere. Then if it used largely it will be an international currency

But, i think it's verry impossible, couse bitcoin have many weakness like anyone can get it with verry easy. And if wold be, that can make bitcoin unlimited, so if all people have so many bitcoin, it will make bitcoin verry cheaper after.

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Quote from: mirakal on June 23, 2016, 11:51:07 PM

Quote from: Cyaren on June 23, 2016, 06:09:51 PM

Quote from: coin_gambler on June 23, 2016, 05:17:59 PM

Quote from: ibh98 on June 23, 2016, 02:43:30 PM

Why not? We can see rapid use of bitcoin everywhere. Then if it used largely it will be an international currency

bitcoin is definitely not used really rapidly in my opinion and bitcoin is not going to to be used really rapidly for sure at least not so soon, i think after a few years it will be possible

bitcoin might become an international currency pretty soon i think and i hope that more and more companies will be accepting it pretty soon, i hope that one day it will become the currency of the world

Bitcoin will not ever be an international currency i dont think mainly because of just human error, miners would not be able to put out enough to supply the whole country constantly 24/7 because it would be constant work.

Miners will increase depending on the profitability of the operation, if the demand will increase so the benefits of the miners will also increase as the price will for sure hit again to the moon. In that sense, we can see some stable price that is back by the real demand of supply of the majority.

the the mners will not be disappointed as now with halving the price of bitcoin will increase so their lower reward will worth the same which was before as the price of bitcoin is already doubled and it will increase more higher, so everyone will like bitcoin and bitcoin will be an international currency sooner.

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Bitcoin is an international currency. The only development we need is to make it mainstream currency for smoother transactions. At present bitcoin is more like an investment for people just like gold.

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Quote from: betohell on June 21, 2016, 07:00:32 AM

Quote from: carlisle1 on June 21, 2016, 05:34:50 AM

Maybe but not totally a currency because it is a decentralized digital currency and it will never be replace the US Dollar and it doesnt have a fixed price so i dont think that the government and almost all countries will accept bitcoin to be a international currency it will stay as a international digital currency .

I think that makes it decentralized bitcoin become a global currency. because there is no one who can control the bitcoin. so that bitcoin will become the most attractive currency

I agree, but it won't really happen as long as the bitcoin is volatile. No one wants a coin(that's what I think from business owners) that keeps on changing every minute. It's a risk for business owners and they don't want it.

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Quote from: Zooplus on June 22, 2016, 10:13:39 AM

Quote from: betohell on June 21, 2016, 07:00:32 AM

Quote from: carlisle1 on June 21, 2016, 05:34:50 AM

Maybe but not totally a currency because it is a decentralized digital currency and it will never be replace the US Dollar and it doesnt have a fixed price so i dont think that the government and almost all countries will accept bitcoin to be a international currency it will stay as a international digital currency .

I think that makes it decentralized bitcoin become a global currency. because there is no one who can control the bitcoin. so that bitcoin will become the most attractive currency

It's true, because people don't trust the government so they will choose a more decentralized currency and that would only happen if the government will not make a necessary measures to ban bitcoins in their respective countries.

That's right people will choose decentralized currency as governments always interfering citizen's basic financial rights.
Eventually bitcoin will become internationally accepted and its already starting it's journey towards that.

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Quote from: Daneric on June 21, 2016, 06:04:44 AM

The future is bitcoin and even currently, it is being used in all parts of the world. How do you call a currency that is being used globally. I highly suspect that bitcoin is now second to the dollar globally. Although it has not been formalized, it is being used by so many people because of its decentralized nature.

Nowadays everyone is attracted to the bitcoin more than dollar , but the only problem with them is that they cannot use bitcoin at their local market once that problem is solved we will see that bitcoin will replace bitcoin. But nowadays I also think that it is at second to dollar.

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Quote from: Enotche on June 24, 2016, 12:07:56 AM

Quote from: Hatuferu on June 23, 2016, 11:59:05 PM

There is no problem with the network I think if there will be a massive adoption and when bitcoins is widely use internationally, the miners will maintain to do the job and they will be rewarded with a good amount for their operation. The main problem here is how we make it happen the massive adoption we are talking.

Yes, I agree.
Governments should take the lead in mining, to provide the necessary conditions for mining. The current mining lies on the shoulders of enthusiasts who are somehow trying to work to put up with inconveniences. If the government has brought mining to the industrial scale, it would be very cool, and most efficiently.

That's a good idea also, so we can also protect the users of the blockchain and same with the miners that they will be getting the amount that is necessary for them to sustain in the operation.

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Quote from: Hatuferu on June 23, 2016, 11:59:05 PM

There is no problem with the network I think if there will be a massive adoption and when bitcoins is widely use internationally, the miners will maintain to do the job and they will be rewarded with a good amount for their operation. The main problem here is how we make it happen the massive adoption we are talking.

Yes, I agree.
Governments should take the lead in mining, to provide the necessary conditions for mining. The current mining lies on the shoulders of enthusiasts who are somehow trying to work to put up with inconveniences. If the government has brought mining to the industrial scale, it would be very cool, and most efficiently.

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Quote from: mirakal on June 23, 2016, 11:51:07 PM

Quote from: Cyaren on June 23, 2016, 06:09:51 PM

Quote from: coin_gambler on June 23, 2016, 05:17:59 PM

Quote from: ibh98 on June 23, 2016, 02:43:30 PM

Why not? We can see rapid use of bitcoin everywhere. Then if it used largely it will be an international currency

bitcoin is definitely not used really rapidly in my opinion and bitcoin is not going to to be used really rapidly for sure at least not so soon, i think after a few years it will be possible

bitcoin might become an international currency pretty soon i think and i hope that more and more companies will be accepting it pretty soon, i hope that one day it will become the currency of the world

Bitcoin will not ever be an international currency i dont think mainly because of just human error, miners would not be able to put out enough to supply the whole country constantly 24/7 because it would be constant work.

Miners will increase depending on the profitability of the operation, if the demand will increase so the benefits of the miners will also increase as the price will for sure hit again to the moon. In that sense, we can see some stable price that is back by the real demand of supply of the majority.

There is no problem with the network I think if there will be a massive adoption and when bitcoins is widely use internationally, the miners will maintain to do the job and they will be rewarded with a good amount for their operation. The main problem here is how we make it happen the massive adoption we are talking.

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Quote from: Cyaren on June 23, 2016, 06:09:51 PM

Quote from: coin_gambler on June 23, 2016, 05:17:59 PM

Quote from: ibh98 on June 23, 2016, 02:43:30 PM

Why not? We can see rapid use of bitcoin everywhere. Then if it used largely it will be an international currency

bitcoin is definitely not used really rapidly in my opinion and bitcoin is not going to to be used really rapidly for sure at least not so soon, i think after a few years it will be possible

bitcoin might become an international currency pretty soon i think and i hope that more and more companies will be accepting it pretty soon, i hope that one day it will become the currency of the world

Bitcoin will not ever be an international currency i dont think mainly because of just human error, miners would not be able to put out enough to supply the whole country constantly 24/7 because it would be constant work.

Miners will increase depending on the profitability of the operation, if the demand will increase so the benefits of the miners will also increase as the price will for sure hit again to the moon. In that sense, we can see some stable price that is back by the real demand of supply of the majority.

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Quote from: coin_gambler on June 23, 2016, 05:17:59 PM

Quote from: ibh98 on June 23, 2016, 02:43:30 PM

Why not? We can see rapid use of bitcoin everywhere. Then if it used largely it will be an international currency

bitcoin is definitely not used really rapidly in my opinion and bitcoin is not going to to be used really rapidly for sure at least not so soon, i think after a few years it will be possible

bitcoin might become an international currency pretty soon i think and i hope that more and more companies will be accepting it pretty soon, i hope that one day it will become the currency of the world

Bitcoin will not ever be an international currency i dont think mainly because of just human error, miners would not be able to put out enough to supply the whole country constantly 24/7 because it would be constant work.

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Quote from: ibh98 on June 23, 2016, 02:43:30 PM

Why not? We can see rapid use of bitcoin everywhere. Then if it used largely it will be an international currency

bitcoin is definitely not used really rapidly in my opinion and bitcoin is not going to to be used really rapidly for sure at least not so soon, i think after a few years it will be possible

bitcoin might become an international currency pretty soon i think and i hope that more and more companies will be accepting it pretty soon, i hope that one day it will become the currency of the world

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