Bitcoin to be international currency - page 104.

torrentheaven

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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

Yeah it has an potential to become international currency in future when it will be widely used and accepted, as of now its approaching towards it and its on developing stage.

ibh98

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

techgeek

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Quote from: chaosknight on June 23, 2016, 09:11:22 AM

Quote from: BitcoinPC on June 23, 2016, 09:07:39 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.

Currently we cannot say that Bitcoin is 2nd best to USD. The second bests are still Euro and Pound. The bitcoin is competing all three of them and it has done great in very short period of time. Alone Bitcoin is a threat to USD / EUR0 / Pound. and reason of it is that there are so many features and advantages of bitcoins which FIAT doesn't posses.

Bitcoin is a digital currency and rest are physical currencies, but we can say that bitcoin is the best virtual currency that we have that can take over fiat in near future.

There will be I feel in a point in time, where it becomes accepted to consider as a different metric to measure up the fiat.

If the bitcoin goes on similar to a gold standard it can be used as colleratal debt for banks without paying premium for physical gold. I mean thats the only real metric we can go by to save fiat which is physical.

mobilestrike

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Quote from: hyudien on June 21, 2016, 02:29:42 PM

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

perhaps only a few companies will adopt bitcoin . if it 's a country that's not possible , because no one can control the bitcoin , and if that happens , there will be permanent damage to the economic system within a country . so we can not expect much more for bitcoin can be used comprehensively in their daily economic activities

Bitcoin will be easily controllable within a country or internationally if each of the coin is mined and if everyone adopt it and start to use it for their normal use instead of cash, as with that there will be a stability in its price and so the banks will accept it.

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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 .

Yes I agree with you. You can use bitcoin online and such you can even pay for your bill at restaurant or coffee shop in bitcoin. But to be an international currency is a lot of adoptions and recognizations yet to happen. So bitcoin will stay on the internet till then hopefully for time being.

chaosknight

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Quote from: BitcoinPC on June 23, 2016, 09:07:39 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.

Currently we cannot say that Bitcoin is 2nd best to USD. The second bests are still Euro and Pound. The bitcoin is competing all three of them and it has done great in very short period of time. Alone Bitcoin is a threat to USD / EUR0 / Pound. and reason of it is that there are so many features and advantages of bitcoins which FIAT doesn't posses.

Bitcoin is a digital currency and rest are physical currencies, but we can say that bitcoin is the best virtual currency that we have that can take over fiat in near future.

BitcoinPC

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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.

Currently we cannot say that Bitcoin is 2nd best to USD. The second bests are still Euro and Pound. The bitcoin is competing all three of them and it has done great in very short period of time. Alone Bitcoin is a threat to USD / EUR0 / Pound. and reason of it is that there are so many features and advantages of bitcoins which FIAT doesn't posses.

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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 .

You said never? I'd say it is just a matter of time and we will come to a point where digital currency is the main thing over those paper money that made out of thin air.

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Quote from: hermanhs09 on June 23, 2016, 05:27:41 AM

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.

I dont think that BTC can be an international currency due to the fact of keeping under order. You cant just keep sitting there and doing nothing all day and expect to make money, and what would happen to BTC? most likely it would have to crash due to GDP problems.

I personally can't see it ever being a international currency, RATHER than just trades.

Ha ha. What do bankers today in the banks? Perhaps produce tractors? For what real GDP we are talking in a global economy? Game with digits of the same bankers and the ultimate goal is to have a BONUS for them. Wink

Lucas*

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in my opinion bitcoin is an international currency , most of people use bitcoin from different places in the world , also you can buy and sell bitcoin from any place in the earth , in africa , asia or europe .. .

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For now it is like international currency because almost all country has bitcoin but this is decentralize currency which is can only used in online transaction and trading in other crypto currencies

hermanhs09

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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.

I dont think that BTC can be an international currency due to the fact of keeping under order. You cant just keep sitting there and doing nothing all day and expect to make money, and what would happen to BTC? most likely it would have to crash due to GDP problems.

I personally can't see it ever being a international currency, RATHER than just trades.

hyudien

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Quote from: mirakal on June 22, 2016, 03:01:54 AM

Quote from: hyudien on June 21, 2016, 02:29:42 PM

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

perhaps only a few companies will adopt bitcoin . if it 's a country that's not possible , because no one can control the bitcoin , and if that happens , there will be permanent damage to the economic system within a country . so we can not expect much more for bitcoin can be used comprehensively in their daily economic activities

It takes time to convince the masses to adopt bitcoins but later in the future, with the help of new technology and it could be easy for them to understand the real value of bitcoins then they will strongly adopt with it even if there is not support by the government.

so the conclusion become an international currency is highly improbable . many factors that are not support bitcoin. and of course many of the problems that occur when bitcoin up to become an international currency.

Zooplus

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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

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.

mirakal

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Quote from: hyudien on June 21, 2016, 02:29:42 PM

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

perhaps only a few companies will adopt bitcoin . if it 's a country that's not possible , because no one can control the bitcoin , and if that happens , there will be permanent damage to the economic system within a country . so we can not expect much more for bitcoin can be used comprehensively in their daily economic activities

It takes time to convince the masses to adopt bitcoins but later in the future, with the help of new technology and it could be easy for them to understand the real value of bitcoins then they will strongly adopt with it even if there is not support by the government.

hyudien

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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

perhaps only a few companies will adopt bitcoin . if it 's a country that's not possible , because no one can control the bitcoin , and if that happens , there will be permanent damage to the economic system within a country . so we can not expect much more for bitcoin can be used comprehensively in their daily economic activities

betohell

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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

wintermeasures

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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?

I think bitcoin has become an international currency, because bitcoin can be used anywhere. What do you mean without exchange? I think it was membuthkan exchanger usd if you go to some areas that do not receive usd. Bitcoin already crypto currency, you can find out here http://www.wikihow.com/Use-Bitcoin . Thank you

Daneric

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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.

carlisle1

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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 .

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