Topic: Bitcoin to be international currency - page 45. (Read 94961 times)

The fact is that since the new projects that are now being promoted in oil are somehow connected with the crypto currency, then uniquely Bitcoin will be more and more popular. But I'm still doubtful about the massive use of crypto currency.

For me, Bitcoin has been became international currency, the issue is it still not legally and you are using a currency out of law. But, the government also have not any rule for Bitcoin, so I think we still can use it for our transaction.

Bitcoin is already considered as digital currency because we can use it to buy goods online. Yes we can use it to pay our bills anytime as long we have an internet access. For some it is already use as internation currency because it can be use online though some countries did not accept bitcoin yet.

Bitcoin is previously an worldwide forex. Wherever you are, you can constantly use your Bitcoin to transact with somebody online. When going to other nations and you want to get a neighborhood currency, you can look up on the internet what online wallet supports a withdrawal in that forex. For case in point, in my region which is the Philippines, we have cash.ph which makes it possible for you to withdraw your Bitcoins into peso. I wager there are other countries that has internet site like ours.

Bitcoin actually got famous because of the Deep Web. The FBI seized lots of wallets containing a lot of bitcoins when they took Silk Road down. That put bitcoin in the spotlight. Non crypto people heard of bitcoin because of that news, which is kinda bad since those people only think that crypto currencies in general are only used for illegal stuff. When that stigma disappears, we might see more people accepting bitcoin.

Yeah, taxes is sucks. But Bitcoin can still be an International currency in the underground world. For example like : Deep Web, Dark Web, Dark Net, and so on. You can buy guns, drugs, and even humans, with Bitcoin. Why ? Because Bitcoin is untraceable and cannot be track down. It keeps our privacy but also can be use as criminality tool. Not only that, Bitcoin can be use to make people happy and give us financial freedom.

Bitcoin is a digital currency it will use all country and it's value changed every day and it uses to anywhere, any time can bay you bill and use to any purchase for the future purposes you have money you will use the bitcoin it will accept for anything. You want money you can change, then money, easy to way it's a comfortable of the future investing

Global forex have to be acknowledged almost everywhere. Bitcoin is nowhere in close proximity to that. In scores of nations around the world men and women have never but read of it let alone have entry to appropriate world wide web which is the spine of transactions to arise. Acceptance is critical alongside with simple trade with fiats all over the entire world. Then only it can grow to be an intercontinental forex in the accurate sense.

Though the hurdles you have mentioned are there in the way of bitcoins for being accepted worldwide but these obstacles won’t last for long. The increase in investors on daily basis is going to make bitcoins legal soon around the globe.

Once the users will increase, there will be automatically pressure built on governments to legalize bitcoins for the welfare of public.

Yes we used it now as an international currency on which we can buy things fast wherever we are through bitcoin payment method but the number of bitcoin user is still not many because there are many people who are still unaware about the technology and bitcoin.

Bitcoins are already serving as international currency and people are frequently using bitcoins for buying and selling goods online.

There are so many websites especially shopping sites that are accepting bitcoins wholeheartedly because they are very much aware of the fact that bitcoins are the best investments at present due to their continuously changing values.

It wont  , it only can be international when it is regulated, which means you have to pay tax  . "No token, bill, virtual currency, or counterfeit money, whose purpose it is to parody legal tender or otherwise serve as a novelty, and where such can be demonstrated beyond a reasonable doubt, shall be subject to taxation, regulation, or licensing by any branch of government, but shall instead enjoy free and unrestricted exchange. (emphasis added)”

I do not agree with you, because bitcoin is currently not legalized in some countries because many are suspicious that bitcoin is criminal and illegal, such as drug transactions, illegal weapons, money laundering and others

Bitcoin is already to be international currency but I agree if bitcoin to be the main international currency.  Bitcoin is qualifies to be that.  The fast transaction will make the online business develop faster.

Bitcoin is a peer-to-peer system without a central, government hub. Therefore, it has caught the attention of people who distrust their governments. Unlike traditional currencies, Bitcoin is immune to manipulation by unscrupulous governments.
In countries with unstable currencies, bitcoins may be a comparatively safe place to store one’s money.
For more businesses accepting Bitcoin, you can search for online and brick and mortar businesses that accept Bitcoin. You can find businesses anywhere in the world by category.
With enough adoption, Bitcoin could become the preferred currency for global travelers.

Not exactly as no government accepts bitcoin for payment of taxes or similar type tasks that might fit the profile.   However it does convey value internationally so any confusion is reasonable.  The reason that matters is because size is limited, dollars transact in the trillions or billions but there is no counterparty to Bitcoin for this size which excludes full trading


http://www.economist.com/content/big-mac-index

McDonalds itself has an index of value, its unofficial but every country that sells a mcburger is compared to see the cost of being a citizen in each country.  So which country has the most expensive menu compared to the menu for USA.   You cant transport the burger and use it for trade so I guess its not really comparable but similar in that people are presuming the value is the same all over the world.
Arguably Bitcoin is more valuable in Venezuela where US dollar is banned and their own currency is unusable, whatever the price is the worth is greater there in their hands.   Places like that are probably supporting value elsewhere.  Japan has a bad currency system and you know the issues with their neighbours also.   If bitcoin was purely vs free units of value it might be alot less and it has no backing of one certain country which comes back to question of is it really a global currency.  Its the anti hero in this story

There will be more big news in the future so let's get ready with that by starting to save bitcoin now, its an international currency only but only up to our own definition as the government has not considered it as a payment system but only a payment system. Whatever they call it, the thing that matters most is we were able to benefit from it, for me it's an asset because I am investing hard on it.

Isn't Bitcoin already an international currency? There are even rumors that mcdonald's will start accepting btc

Bitcoin is a digital currency so it is used to anywhere and any place. It is easy to exchange the money. You can use bitcoin for the bill payment. It is a become an international currency it is moving, So it's the use full for the future saving and investment. If you know the bitcoin. Bitcoin is the future international currency.

With increasing number of users making bitcoin is very calculated, many people predict will defeat bitcoin dollars and I hope so so international transactions become easier.