Bitcoin to be international currency - page 58.

hangar18

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Quote from: kodtycoon on August 05, 2017, 12:13:23 AM

Quote from: Choyor on August 03, 2017, 12:43:24 PM

Today many people of the world use bitcoin, and transact using crypto currency, does that mean bitcoin is not an international currency ?? I think bitcoin is a cross-country currency.

Bitcoin is limited to digital currency and has not been legalized by many countries so bitcoin can not be called an international currency even though it is widely used by many users around the world.

But in present, most country on the world's cancel the rule about using Bitcoin and cryptocurrency. As India in few years ago is one of country not accept Bitcoin, but in this year, they has cancel this rules and become to a country have top volume trading in Asia.

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Quote from: Choyor on August 03, 2017, 12:43:24 PM

Today many people of the world use bitcoin, and transact using crypto currency, does that mean bitcoin is not an international currency ?? I think bitcoin is a cross-country currency.

Bitcoin is limited to digital currency and has not been legalized by many countries so bitcoin can not be called an international currency even though it is widely used by many users around the world.

Bitmedrano040117

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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?

It is already international or global currency in online world. However, bitcoin is not powerful yet compare to dollar where it is the powerful currency in the whole world. I think we can exchange it in any available platform and I don't have any idea how many people like this thread.

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Today many people of the world use bitcoin, and transact using crypto currency, does that mean bitcoin is not an international currency ?? I think bitcoin is a cross-country currency.

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Quote from: taxmanmt5 on March 19, 2017, 01:31:44 AM

Quote from: Vivace92 on March 17, 2017, 04:00:36 AM

I think this is still a debate, many users of the bitcoin is optimistic about the future of the bitcoin will replace the fiat money, I think it still takes long process, because the Government needs political support to approve the wearing of bitcoin.

A very long process that need to take by bitcoin to be implemented as a world currency. Even though there where country that let people use it as their payment yet there were countries that totally contradict with the function of it even there are lots of advantages.

it takes years to fully be a known currency just like buying on all store's with bitcoin but it will happen we just wait and see.

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Bitcoin has become international currency because even governments has not adopting it people are using it all over the world. As a decentralised currency bitcoin is the only coins that can do well in resolving inflation and high cost of lively hood allover the world. I think governments should study bitcoin and adopt it into the financial system especially the third world countries.

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Bitcoin is already known internationally, because bitcoin civilization that uses internet network makes a lot of people know bitcoin. But that does not mean bitcoin can be used in every country, only certain people who better understand about bitcoin who want to sell merchandise with bitcoin. for now bitcoin is still running with fiat, in countries where the population is not familiar with bitcoin, of course we had to change the crypto that we have with physical money to buy something that we want, so bitcoin could become an international currency, tentuk still many things Should be done, especially the introduction, because there are still many people who do not want to transact with bitcoin.

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Quote from: mornabo on April 28, 2017, 06:02:29 AM

I think bitcoin could be an international currency. But it will take time. Because it is used by everyone in the world will take a very long time to process

Indeed, still we need to use bitcoin publicly so other people can notice the existence of bitcoin, we are still lack of spreading it or advertising of it. Once it will be known by everyone and used in most location, Bitcoin will then be recognized as an international currency being used worldwide.

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Quote from: btcdevil on April 29, 2017, 06:37:32 PM

I dont think that Bitcoin can become international currency because still their are so many problems which have to be solved before it can be developed more, apart from that it is mainly the online currency which is good to used for online transactions.

At present Bitcoin does not have the capacity to handle world trade even to a small extent. The problem I think is there is no layering, all transactions have equal status on the blockchain from pennies to millions. Since the penny transaction has no importance really, its not exactly sustainable in that situation. My personal hope is that bitcoin enables or interfaces with alt coins to allow them to provide a secondary penny service and leave bitcoin to secure the big value slightly less common trade.

Sometimes less is more, bitcoin needs to become more pragmatic I agree

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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 never going to happen to become international currencies, as each country has its own history, to have its own currency.
That will happen in the future will be the currency of the bitcoin auxiliaries in all countries.

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Quote from: mornabo on April 28, 2017, 06:02:29 AM

I think bitcoin could be an international currency. But it will take time. Because it is used by everyone in the world will take a very long time to process

Yes that will take time, one day we will see that bitcoin is being concerned by most od the countries. And if that happens, the price will be growing as usual because of the demand that it will get.

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Quote from: Zenithar on April 29, 2017, 06:34:44 PM

Quote from: DocGTR on April 28, 2017, 06:08:37 AM

Quote from: mornabo on April 28, 2017, 06:02:29 AM

I think bitcoin could be an international currency. But it will take time. Because it is used by everyone in the world will take a very long time to process

Yes, for this we need to work on accelerating the processing of operations and popularization among all mankind.

yes that is good in most of the area people still do not know about bitcoin therefore it is our duty in introduce bitcoin in such area and bitcoin become a univesal currency.

I dont think that Bitcoin can become international currency because still their are so many problems which have to be solved before it can be developed more, apart from that it is mainly the online currency which is good to used for online transactions.

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Quote from: DocGTR on April 28, 2017, 06:08:37 AM

Quote from: mornabo on April 28, 2017, 06:02:29 AM

I think bitcoin could be an international currency. But it will take time. Because it is used by everyone in the world will take a very long time to process

Yes, for this we need to work on accelerating the processing of operations and popularization among all mankind.

yes that is good in most of the area people still do not know about bitcoin therefore it is our duty to introduce bitcoin in such area and to turn bitcoin as universal currency. i think bitcoin is not introduce in backward countries and cities, i think such people still need good education about bitcoin so that they can understand bitcoin and take interest in bitcoin.

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Quote from: Jrock on April 24, 2017, 10:17:13 AM

Quote from: AK47- on April 24, 2017, 10:01:28 AM

Quote from: MioTaiHeo on April 24, 2017, 08:12:29 AM

Quote from: TribalBob on April 23, 2017, 11:24:20 AM

Quote from: deppil on April 21, 2017, 06:59:55 PM

Quote from: meliodas on April 17, 2017, 04:25:31 PM

I really think it is really becoming an international currency there are so many people all over the world that is using it,
And it doesn't matter where ever you are as long as you can access the internet you can send and receive bitcoin.

I think bitcoin has not become an international currency, although users have been covered in different countries but it has not made bitcoin in anywhere. You're not yet free to use bitcoin

Yes the Governments have not announced anything publicly yet but they have also not banned bitcoin yet and people who are earning and using bitcoins will continue to use bitcoins even if there is any interference from Government in future.

I hope that in the future there will be no significant government interventions in bitcoin. Let the government control the national currency. Bitcoin can not be banned and controlled

Yes, government should not intervene in bitcoin. It is individual's currency and this is what makes it important.

Bitcoin is a decentralized currency and even Government cannot have control on it and that is the best thing about bitcoins and even if there is interference from Government I am sure that people will continue to earn it and use it best possible ways.

It is again the situation where people have a little doubt about it. If the government bans its use or trading it will not be possible for most of the people to use or earn it after this decision. May be most of us will not like to challenge the government by earning or spending it. Beside it may provide better earning opportunities at the time.

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Quote from: Supercrypt on April 28, 2017, 04:28:38 PM

Quote from: rhamzter on April 24, 2017, 11:00:25 PM

Sound pretty good, if the bitcoin was became an international currency money line of all country were become fair. I think it is a good idea to less the poverty in all nation. I just want to see that it will happen in the future.

Well some people surely become excited about when thinking of bitcoin to be an international currency. But the truth is to analyze the strength of it. We need to realize the fact that bitcoin is not that capable of to be spread internationally. We can exchange it from individual to individual but it’s not that easy go for organizations and specially country to country.

Bitcoin has a capability to be international currency because it just need to be adopted by the countries around the world, I'm not saying that bitcoin will be the next international currency or it will replace the dollar, i'm saying is, bitcoin will become international currency but only an addition to the financial system and can help the economy of the country. It is hard as of now but just a few months we will see a lot of countries adopting bitcoin and that will become a proof that bitcoin can be international currency.

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Quote from: rhamzter on April 24, 2017, 11:00:25 PM

Sound pretty good, if the bitcoin was became an international currency money line of all country were become fair. I think it is a good idea to less the poverty in all nation. I just want to see that it will happen in the future.

Well some people surely become excited about when thinking of bitcoin to be an international currency. But the truth is to analyze the strength of it. We need to realize the fact that bitcoin is not that capable of to be spread internationally. We can exchange it from individual to individual but it’s not that easy go for organizations and specially country to country.

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Quote from: Sanitough on April 25, 2017, 03:57:01 AM

Quote from: jaysabi on April 24, 2017, 11:29:16 PM

Quote from: rajasumi3 on April 24, 2017, 11:13:29 PM

It is yet to be announced that bitcoins would be used worldwide as in many parts of the world ,bitcoin introduction is too much necessary then we can apply it.We need media to join hands with us for the promotion of bitcoins.

There wouldn't be any broad announcement any more than there was for the dollar. Nobody controls the international currency market, so there's no authority to deem anything an international currency. It just kind of happens. Whatever currency is the most sought after worldwide is an international currency because its sought out worldwide. Nobody announces it to be so first.

Actually it depends on how we judge it because there is no proper of fixed definition of international currency,
bitcoin is not regulated by the government so we can call it anything we want to, but for me it is already an international currency.

Yes, agree that there is no fixed definition but to my understanding an international currency is the one which is used by two different countries when they make any trade deal or other official issue, and the same currency is if used by the rest of the world for the same purpose.

I like bitcoin because I earn it irrespective of my region as like the others from a different region. But still I can’t term it international currency.

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Quote from: mornabo on April 28, 2017, 06:02:29 AM

I think bitcoin could be an international currency. But it will take time. Because it is used by everyone in the world will take a very long time to process

Yes, for this we need to work on accelerating the processing of operations and popularization among all mankind.

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I think bitcoin could be an international currency. But it will take time. Because it is used by everyone in the world will take a very long time to process

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Quote from: CODE200 on April 28, 2017, 02:22:58 AM

Nope, If you will use bitcoin in transactions you will need the basic needs of bitcoin and that is the internet and gadgets to store the bitcoin although many peoples have that but some didn't have so not all people can use bitcoin especially with the country that their internet is very expensive and very slow, So it's too far to bitcoin became the international currency.

Yes, not everyone has the opportunity to connect a good internet to work with bitcoin. It takes time to develop this system, it can only be an additional currency.

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