Bitcoin to be international currency - page 66.

D05GTO

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Quote from: bravehearth0319 on March 29, 2017, 09:04:36 AM

Quote from: hyudien on May 12, 2016, 12:16:19 PM

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.

bravehearth0319

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Quote from: hyudien on May 12, 2016, 12:16:19 PM

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.

BlokF4No27

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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.

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Quote from: Blackdeath on March 29, 2017, 01:41:49 AM

Quote from: tiggytomb on May 12, 2016, 12:36:37 PM

It is already kind of an international currency, a couple of countries have acknowledged it as such. For it to be a true officially accepted currently I don't think we will see that anytime soon as the governments have no control of it as they do currently with their fiat.

I think it also. Bitcoin is already a international currency because some big countries like USA, China, Russia, and Japan are aknowlege it and now using bitcoin for their transaction. Bitcoin is online currency that can be used by everyone on their daily transaction.

The popularity of bitcoin in big countries will influence the small countries and that is all we need, a big circulation will be good for the market. Actually if the ETF were approved we could seen a skyrocket of value of bitcoins now but unfortunately it was not as what we expected.
Bitcoin is still new even in the big countries as majority of the potential users had not adopted yet, this will take time and I like to see a constant progress that would effect a more stable price, volatility is very scary to investors and we need them to spread awareness to the people.

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Quote from: tiggytomb on May 12, 2016, 12:36:37 PM

It is already kind of an international currency, a couple of countries have acknowledged it as such. For it to be a true officially accepted currently I don't think we will see that anytime soon as the governments have no control of it as they do currently with their fiat.

I think it also. Bitcoin is already a international currency because some big countries like USA, China, Russia, and Japan are aknowlege it and now using bitcoin for their transaction. Bitcoin is online currency that can be used by everyone on their daily transaction.

fathur.aza

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If this bitcoin as a world currency I agree because all the majority of the world using bitcoin, maintren must gain popularity in the future, therefore, it is a bitcoin user must fully support as a world currency.

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Quote from: lordquanta on March 22, 2017, 02:38:28 PM

Before any govt accepting it as currency, let the bitcoin developer community itself solve the current problem with hard fork or soft fork. It has been going around since long time and it is still unsolved. How are the issues like transaction congestion, lost transaction, micro transaction will be dealt with? Unless and until these issues remain there is no chance of bitcoin getting wider acceptance from any Govt body.

Well i think every starting currency starts out this way, though your right. Issues like this would have to be settled first to earn trust from countries and governments and i think depelovers should look into resolving these things. Though btc is actually being used now internationally, i can't really say it's an official currency already

lordquanta

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Before any govt accepting it as currency, let the bitcoin developer community itself solve the current problem with hard fork or soft fork. It has been going around since long time and it is still unsolved. How are the issues like transaction congestion, lost transaction, micro transaction will be dealt with? Unless and until these issues remain there is no chance of bitcoin getting wider acceptance from any Govt body.

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Quote from: soul-impact on March 22, 2017, 01:23:56 PM

Quote from: peter0425 on March 22, 2017, 01:12:12 PM

Quote from: Bibite on March 22, 2017, 01:00:40 PM

It could be pretty usefull to have Bitcoin as an internationnal currency, but I really doubt we will see this in a near future. I think specially about americans that will be jealous, as most of the trades worldwide are done with the US dollar. I know Iran stopped to use the dollar for buying, trading, import, if lot of countries could do the same then yes, we could start to hope to see bitcoin used internationnally..... if and only if... gov, could get a control over it, otherwise it will never happen

Government does not want bitcoin to be international currency for the reason that it is decentralized. That's why a lot of government are putting regulations around it. And yes, the US dollar is the universal currency that is being used globally so I also doubt that bitcoin will be accepted globally. We could just used bitcoin as online payment around the world and I think that is already a milestone for bitcoin already.

I agree. The government does not like Bitcoin at all due to the decentralization while country works on the centralized system. The more you use Bitcoin, the more you independent of the government and the nation.

Yeah and they wont like that. Who is it to control and to get money from if money is decentralized. Where would they get their salaries from that. Actually it is kind of annoying when you thing about it but also scary.
If that happens who will control chaos in case there will be. Who will want power if there will be nothing to be a pawn.
We are just tired of all the corruption that we see everyday and we just want to change that but at what expense. This will be a long talk including the banking system which will be much angry with it.

Challenger2015

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Quote from: soul-impact on March 22, 2017, 01:23:56 PM

Quote from: peter0425 on March 22, 2017, 01:12:12 PM

Quote from: Bibite on March 22, 2017, 01:00:40 PM

It could be pretty usefull to have Bitcoin as an internationnal currency, but I really doubt we will see this in a near future. I think specially about americans that will be jealous, as most of the trades worldwide are done with the US dollar. I know Iran stopped to use the dollar for buying, trading, import, if lot of countries could do the same then yes, we could start to hope to see bitcoin used internationnally..... if and only if... gov, could get a control over it, otherwise it will never happen

Government does not want bitcoin to be international currency for the reason that it is decentralized. That's why a lot of government are putting regulations around it. And yes, the US dollar is the universal currency that is being used globally so I also doubt that bitcoin will be accepted globally. We could just used bitcoin as online payment around the world and I think that is already a milestone for bitcoin already.

I agree. The government does not like Bitcoin at all due to the decentralization while country works on the centralized system. The more you use Bitcoin, the more you independent of the government and the nation.

You forgot to say that the more bitcoin is distributed the less the government will collect taxes and less money from the state.

soul-impact

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Quote from: peter0425 on March 22, 2017, 01:12:12 PM

Quote from: Bibite on March 22, 2017, 01:00:40 PM

It could be pretty usefull to have Bitcoin as an internationnal currency, but I really doubt we will see this in a near future. I think specially about americans that will be jealous, as most of the trades worldwide are done with the US dollar. I know Iran stopped to use the dollar for buying, trading, import, if lot of countries could do the same then yes, we could start to hope to see bitcoin used internationnally..... if and only if... gov, could get a control over it, otherwise it will never happen

Government does not want bitcoin to be international currency for the reason that it is decentralized. That's why a lot of government are putting regulations around it. And yes, the US dollar is the universal currency that is being used globally so I also doubt that bitcoin will be accepted globally. We could just used bitcoin as online payment around the world and I think that is already a milestone for bitcoin already.

I agree. The government does not like Bitcoin at all due to the decentralization while country works on the centralized system. The more you use Bitcoin, the more you independent of the government and the nation.

peter0425

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Quote from: Bibite on March 22, 2017, 01:00:40 PM

It could be pretty usefull to have Bitcoin as an internationnal currency, but I really doubt we will see this in a near future. I think specially about americans that will be jealous, as most of the trades worldwide are done with the US dollar. I know Iran stopped to use the dollar for buying, trading, import, if lot of countries could do the same then yes, we could start to hope to see bitcoin used internationnally..... if and only if... gov, could get a control over it, otherwise it will never happen

Government does not want bitcoin to be international currency for the reason that it is decentralized. That's why a lot of government are putting regulations around it. And yes, the US dollar is the universal currency that is being used globally so I also doubt that bitcoin will be accepted globally. We could just used bitcoin as online payment around the world and I think that is already a milestone for bitcoin already.

Bibite

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It could be pretty usefull to have Bitcoin as an internationnal currency, but I really doubt we will see this in a near future. I think specially about americans that will be jealous, as most of the trades worldwide are done with the US dollar. I know Iran stopped to use the dollar for buying, trading, import, if lot of countries could do the same then yes, we could start to hope to see bitcoin used internationnally..... if and only if... gov, could get a control over it, otherwise it will never happen

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Quote from: hyudien on March 22, 2017, 07:07:59 AM

Quote from: bohr on March 21, 2017, 07:31:33 PM

Quote from: hyudien on May 12, 2016, 12:16:19 PM

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, the only issue is that not many are accepting it as a way of payment for their services and products but that is going to change in the future.

Hi mate. That is not an issue, but that is reality if still many government didn't accepted bitcoin for purchase them product and services. So, if you said if that an issue, please give the reason.

its true, i think there is still few government that will look that bitcoin can give benefits to them and there is few country that accepting bitcoin. but to see bitcoin as an international currency, there will be more time to see this and we need to supporting bitcoin with other people so we can see that bitcoin is available in many places.

hyudien

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Quote from: bohr on March 21, 2017, 07:31:33 PM

Quote from: hyudien on May 12, 2016, 12:16:19 PM

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, the only issue is that not many are accepting it as a way of payment for their services and products but that is going to change in the future.

Hi mate. That is not an issue, but that is reality if still many government didn't accepted bitcoin for purchase them product and services. So, if you said if that an issue, please give the reason.

bohr

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Quote from: hyudien on May 12, 2016, 12:16:19 PM

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, the only issue is that not many are accepting it as a way of payment for their services and products but that is going to change in the future.

wowanstrong

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Quote from: Bitcoin0916 on March 20, 2017, 09:11:01 PM

Quote from: MissGrey on March 20, 2017, 09:01:21 PM

Quote from: jamieb81 on March 20, 2017, 11:24:11 AM

Quote from: The_Dark_Knight on March 19, 2017, 09:41:52 PM

Quote from: pearlmen on March 19, 2017, 02:36:13 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.

Yes either way will be best for us if bitcoin is not recognized by government there will not be much regulations and pro government rules applied to bitcoin but if government recognizes bitcoin it will be better as more people will start using bitcoin and the value of bitcoin will increase much mroe than we have seen in the past but i don't think it's gonna happen overnight it will take more time.

I share the same opinion as you guys, I think that would nice can use Bitcoin in everywhere and anywhere, without exchange it, but that would imply regulations and restrictions by the government and more situations we do not have now. In my country exist stupid regulations about obtaining of foreign exchange, I do not want to imagine what it would happen with something of the magnitude of Bitcoin. Besides, I think that "using Bitcoin everywhere and anywhere, without changing it" as the thread creator says is something that is far away because the bitcoin has problems with the speed of his transactions in this moment and fees.

The problem is we already know, regulation and restrictions. It is not only happening in your country, but in many countries, including my country. The fundamental thing is that because the issue of full control of the money, bitcoin can not be controlled so as to make the country not likely legalize bitcoin.

Yes I agree. The government will never make bitcoins equal to the currency. It rather equates bitcoin to the product. And the cryptocurrency will be subject to high taxes.
And some countries will never take bitcoin

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Quote from: MissGrey on March 20, 2017, 09:01:21 PM

Quote from: jamieb81 on March 20, 2017, 11:24:11 AM

Quote from: The_Dark_Knight on March 19, 2017, 09:41:52 PM

Quote from: pearlmen on March 19, 2017, 02:36:13 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.

Yes either way will be best for us if bitcoin is not recognized by government there will not be much regulations and pro government rules applied to bitcoin but if government recognizes bitcoin it will be better as more people will start using bitcoin and the value of bitcoin will increase much mroe than we have seen in the past but i don't think it's gonna happen overnight it will take more time.

I share the same opinion as you guys, I think that would nice can use Bitcoin in everywhere and anywhere, without exchange it, but that would imply regulations and restrictions by the government and more situations we do not have now. In my country exist stupid regulations about obtaining of foreign exchange, I do not want to imagine what it would happen with something of the magnitude of Bitcoin. Besides, I think that "using Bitcoin everywhere and anywhere, without changing it" as the thread creator says is something that is far away because the bitcoin has problems with the speed of his transactions in this moment and fees.

The problem is we already know, regulation and restrictions. It is not only happening in your country, but in many countries, including my country. The fundamental thing is that because the issue of full control of the money, bitcoin can not be controlled so as to make the country not likely legalize bitcoin.

hoian0809

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Quote from: MissGrey on March 20, 2017, 09:01:21 PM

Quote from: jamieb81 on March 20, 2017, 11:24:11 AM

Quote from: The_Dark_Knight on March 19, 2017, 09:41:52 PM

Quote from: pearlmen on March 19, 2017, 02:36:13 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.

Yes either way will be best for us if bitcoin is not recognized by government there will not be much regulations and pro government rules applied to bitcoin but if government recognizes bitcoin it will be better as more people will start using bitcoin and the value of bitcoin will increase much mroe than we have seen in the past but i don't think it's gonna happen overnight it will take more time.

I share the same opinion as you guys, I think that would nice can use Bitcoin in everywhere and anywhere, without exchange it, but that would imply regulations and restrictions by the government and more situations we do not have now. In my country exist stupid regulations about obtaining of foreign exchange, I do not want to imagine what it would happen with something of the magnitude of Bitcoin. Besides, I think that "using Bitcoin everywhere and anywhere, without changing it" as the thread creator says is something that is far away because the bitcoin has problems with the speed of his transactions in this moment and fees.

I am looking forward to the day when everyone can just travel using bitcoin without the need to exchange currency.

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Quote from: jamieb81 on March 20, 2017, 11:24:11 AM

Quote from: The_Dark_Knight on March 19, 2017, 09:41:52 PM

Quote from: pearlmen on March 19, 2017, 02:36:13 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.

Yes either way will be best for us if bitcoin is not recognized by government there will not be much regulations and pro government rules applied to bitcoin but if government recognizes bitcoin it will be better as more people will start using bitcoin and the value of bitcoin will increase much mroe than we have seen in the past but i don't think it's gonna happen overnight it will take more time.

I share the same opinion as you guys, I think that would nice can use Bitcoin in everywhere and anywhere, without exchange it, but that would imply regulations and restrictions by the government and more situations we do not have now. In my country exist stupid regulations about obtaining of foreign exchange, I do not want to imagine what it would happen with something of the magnitude of Bitcoin. Besides, I think that "using Bitcoin everywhere and anywhere, without changing it" as the thread creator says is something that is far away because the bitcoin has problems with the speed of his transactions in this moment and fees.

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