Bitcoin to be international currency - page 65.

BitcoinMarshal

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Quote from: Oralmat on April 05, 2017, 10:31:40 AM

Quote from: asriloni on March 29, 2017, 09:49:20 AM

Quote from: Mr.grin on March 29, 2017, 08:57:21 AM

bitcoin will become an international currency even without recognition from the government if the people using the BTC as a means of transaction. but, seeing the potential of bitcoin, most people only use bitcoin as an investment tool. but, I'm sure, someday, bitcoin will be used as a tool of international transactions.

Bitcoin did it, and it has become the international currency right now, No regulation and it will not affecting the bitcoin to be the international currency.

I agree with you , bitcoin is international currency it is just that bitcoin is not recognize by the government and not yet publicize but bitcoin is use all over the world which makes it international. Online availability makes it an global worldwide international currency, however it is not fully regularized in every country till now.

Bitcoin open new ways for many peoples like me as before joining this we have no options or have to pay very high fees but now this is very easy to do many things without any problem its already international currency in near future its going to be more better and helpful as more big names joining this for better and secure transactions

bravehearth0319

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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 at the present was a worldwide currency already, where most of the country's bitcoin is everywhere. Almost more than 30 nations are now familiar with bitcoin only their citizens is not yet ready to accept bitcoin as an alternative payment online to their places but I do believed sooner or later it will be happen. Cheesy

andrew24p

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This is where I honestly see bitcoins main strength, as a transitory currency and store of value.

Oralmat

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Quote from: asriloni on March 29, 2017, 09:49:20 AM

Quote from: Mr.grin on March 29, 2017, 08:57:21 AM

bitcoin will become an international currency even without recognition from the government if the people using the BTC as a means of transaction. but, seeing the potential of bitcoin, most people only use bitcoin as an investment tool. but, I'm sure, someday, bitcoin will be used as a tool of international transactions.

Bitcoin did it, and it has become the international currency right now, No regulation and it will not affecting the bitcoin to be the international currency.

I agree with you , bitcoin is international currency it is just that bitcoin is not recognize by the government and not yet publicize but bitcoin is use all over the world which makes it international. Online availability makes it an global worldwide international currency, however it is not fully regularized in every country till now.

Polisi Ndeso

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This is a good idea, if the world is too much currency it will be encountered many problems when transactions, powerful country will overwhelm the economy so that it could cause problems for other countries.

The_Dark_Knight

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Quote from: mirakal on March 19, 2017, 09:49:23 PM

Quote from: The_Dark_Knight on March 19, 2017, 08:41:52 PM

Quote from: pearlmen on March 19, 2017, 01:36:13 AM

That will be a long way to go in achieving that feat and personally I don't think its going to be possible but I also have the believe that the highest we could witness is that government should be silent about its use for transborder transaction but not coming outrightly to give it the support simply because of the effect its going to have on their own currency thereby reducing their influence in world politics.

By definition that which is not forbidden is allowed so if governments of the world decide to ignore bitcoin as if it does not exist then that is even better for us since we will not have to deal with any useless regulations coming form our local governments regarding the way we use bitcoin.

I don't think it would that be easy, well admittedly I will be happy if we are exempted from any government regulation so we will be able to enjoy the full freedom we are looking. However, I believe that as long as we are living in this word, we are guided with the rules and regulations of the government and they have the power to prosecute those who violate the rules, bitcoin will increase adoption for sure and that is a threat on their side.

Maybe my point was not very clear but in order to prosecute you from a crime or anything governments need to put laws in place so they can do so if they don’t then you have committed no crime and they cannot say anything about it, bitcoin currently is in a gray area.

DoublerHunter

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Quote from: coynedterm on April 01, 2017, 02:29:19 AM

Quote from: BitcoinGirl.Club on April 01, 2017, 02:24:02 AM

there was a time i actually thought bitcoin could actually pull it off and become an international currency and everybody could freely talk about it and so forth

but imo i think its a complimentary currency that will support any other national currency where its not deemed illegal.

Yeah , earlier I was also thinking that the bitcoin will jump and reach to that peak of the world where no one other currency Fiat of money will came against it or will be comparable .
But currently my thinking totally got reverse it is because recently a news came for me and my country that the bitcoin is got declare as illegal in India where I live , so now I think I will got leave my all job with bitcoin . And as the bitcoin Became illegal in my country so I don't think that it will became a international currency now .

That is the same thing what other countries are facing as of now. Bitcoin is banned or illegal in other country because they think that bitcoin is a bad instrument or currency for their country mostly because it is not controllable and it is anonymous so it will be hard for them to track down the abusers of bitcoin but i think after a few years they will find out a solution for that and embrace bitcoin as an another currency and soon it will become a legit international and accepted by other countries.

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Quote from: BitcoinGirl.Club on April 01, 2017, 02:24:02 AM

there was a time i actually thought bitcoin could actually pull it off and become an international currency and everybody could freely talk about it and so forth

but imo i think its a complimentary currency that will support any other national currency where its not deemed illegal.

Yeah , earlier I was also thinking that the bitcoin will jump and reach to that peak of the world where no one other currency Fiat of money will came against it or will be comparable .
But currently my thinking totally got reverse it is because recently a news came for me and my country that the bitcoin is got declare as illegal in India where I live , so now I think I will got leave my all job with bitcoin . And as the bitcoin Became illegal in my country so I don't think that it will became a international currency now .

BitcoinGirl.Club

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there was a time i actually thought bitcoin could actually pull it off and become an international currency and everybody could freely talk about it and so forth

but imo i think its a complimentary currency that will support any other national currency where its not deemed illegal.

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Quote from: Marcus_2017 on March 29, 2017, 08:10:48 AM

Quote from: BlokF4No27 on March 29, 2017, 05:48:26 AM

It seems not yet deserve, this is because the issue is not the existence of the State approved the use of bitcoin. If there are any countries or banks that accept bitcoin, probably bitcoin make decent candidate.

I don't know of banks that officially receive and send bitcoin payments. Perhaps this is due to licensing. Banks do not want to risk their licenses and try to stay away from bitcoin.

Why someone needs to transact with bank? There are other ways like as the bitcoin cards. All of them are debit cards and when their users fill it with bitcoins they can store the balance and use it for shopping or with ATMs like the usual VISA cards. It's a very handy way for any transaction in places where bitcoin is not accepted as medium of payment.

ekoice

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Quote from: asriloni on March 29, 2017, 09:49:20 AM

Quote from: Mr.grin on March 29, 2017, 08:57:21 AM

bitcoin will become an international currency even without recognition from the government if the people using the BTC as a means of transaction. but, seeing the potential of bitcoin, most people only use bitcoin as an investment tool. but, I'm sure, someday, bitcoin will be used as a tool of international transactions.

Bitcoin did it, and it has become the international currency right now, No regulation and it will not affecting the bitcoin to be the international currency.

Definitely,japan government has said that it will accept bitcoin as a payment method.Already,Liberland has announced bitcoin as its national reserve currency.Yet,it will not be surprising if many more countries accept it as a currency.It seems the day for bitcoin to be international currency is nearer.

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Quote from: Mr.grin on March 29, 2017, 08:57:21 AM

bitcoin will become an international currency even without recognition from the government if the people using the BTC as a means of transaction. but, seeing the potential of bitcoin, most people only use bitcoin as an investment tool. but, I'm sure, someday, bitcoin will be used as a tool of international transactions.

Bitcoin did it, and it has become the international currency right now, No regulation and it will not affecting the bitcoin to be the international currency.

michkima

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Quote from: Ducky1 on March 29, 2017, 09:40:54 AM

Quote from: Bitcoin0916 on March 29, 2017, 09:07:47 AM

Quote from: BlokF4No27 on March 29, 2017, 05:48:26 AM

It seems not yet deserve, this is because the issue is not the existence of the State approved the use of bitcoin. If there are any countries or banks that accept bitcoin, probably bitcoin make decent candidate.

Have to be patient, when use of the bitcoin's getting massive, surely there is no reason for the State or Government to reject the bitcoin. I'm sure someday there will be countries that approved the bitcoin as an alternative payment.

If the country is corruption free then they will surely give legal permission to bitcoins in their countries as it will help their economy for sure and it can also reduce the unemployment issues as people can easily start earning bitcoins which can take care of their living.

Yeah, but it is not about having curruption or not it would still be dependent on the users of the currency. If bitcoin will be widely accepted then they will adopt it as their main currency. Especially if their citizens do not trust their own currency then bitcoins could really something they can opt to chose as their own currency.

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Quote from: Bitcoin0916 on March 29, 2017, 09:07:47 AM

Quote from: BlokF4No27 on March 29, 2017, 05:48:26 AM

It seems not yet deserve, this is because the issue is not the existence of the State approved the use of bitcoin. If there are any countries or banks that accept bitcoin, probably bitcoin make decent candidate.

Have to be patient, when use of the bitcoin's getting massive, surely there is no reason for the State or Government to reject the bitcoin. I'm sure someday there will be countries that approved the bitcoin as an alternative payment.

If the country is corruption free then they will surely give legal permission to bitcoins in their countries as it will help their economy for sure and it can also reduce the unemployment issues as people can easily start earning bitcoins which can take care of their living.

hankyulpark

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To BTC become "THE" international currency, it should be accepted without the need to exchange it to any fiat currency. All purchases must be made natively in BTC, and all supply chain using it as the payment method of choice. Not even dollar achieved this, and never will.
As one of many cross-border currencies that exist nowadays, BTC already accomplished much: We can pay for airplane tickets, meals, hotel rooms and much more with it.

Bitcoin0916

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Quote from: BlokF4No27 on March 29, 2017, 05:48:26 AM

It seems not yet deserve, this is because the issue is not the existence of the State approved the use of bitcoin. If there are any countries or banks that accept bitcoin, probably bitcoin make decent candidate.

Have to be patient, when use of the bitcoin's getting massive, surely there is no reason for the State or Government to reject the bitcoin. I'm sure someday there will be countries that approved the bitcoin as an alternative payment.

Mr.grin

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bitcoin will become an international currency even without recognition from the government if the people using the BTC as a means of transaction. but, seeing the potential of bitcoin, most people only use bitcoin as an investment tool. but, I'm sure, someday, bitcoin will be used as a tool of international transactions.

gabmen

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Quote from: BlokF4No27 on March 29, 2017, 05:48:26 AM

It seems not yet deserve, this is because the issue is not the existence of the State approved the use of bitcoin. If there are any countries or banks that accept bitcoin, probably bitcoin make decent candidate.

Well being a digital currency that is accessed through the internet, i think that already classifies btc as an international currency as people all around the world are able have access and use to it anytime. Though a lot of things still would beed to be worked out woth btc, at this time it's well on its way to being the top digital currency there is

Harlot

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Quote from: D05GTO on March 29, 2017, 08:08:29 AM

Quote from: bravehearth0319 on March 29, 2017, 08:04:36 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?

Of course many bitcoin will users will become reach those who keep and saved bitcoin for a years, because the price value will surely skyrocket increase of that happen.

Price will definitely go higher in future once the adoption level also goes high and bitcoin is already an international currency as all the users from different countries are using it and soon it will reach to all those places where people are not aware about it yet.

Price is just one aspect of Bitcoin, but it does not determine the success of Bitcoin in terms of becoming an international currency. Even if its valued highly in the market it does not translate to having consumers actually accept it. To make Bitcoin an international currency we must have a gradual increase in demand because an increase in demand means a lot of users are willing to have Bitcoin in their wallets.

Marcus_2017

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Quote from: BlokF4No27 on March 29, 2017, 05:48:26 AM

It seems not yet deserve, this is because the issue is not the existence of the State approved the use of bitcoin. If there are any countries or banks that accept bitcoin, probably bitcoin make decent candidate.

I don't know of banks that officially receive and send bitcoin payments. Perhaps this is due to licensing. Banks do not want to risk their licenses and try to stay away from bitcoin.

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