Topic: Bitcoin to be international currency - page 68. (Read 94986 times)
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.
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.
Bitcoin isn't international currency but it's international crypto currency. If there is crypto payment anywhere, every such company accepts bitcoin as a payment and after that there are altcoins. It's good that everyone thinks like that.
Bitcoin isn't local currency, so that means it's internstional, isn't it like that? So to my mind that question won't be asked.
yeah we all know that bitcoin is cryptocurrency. but not a problem if we call bitcoin as currency? because you can buy stuff offline using bitcoin? and when in use by everyone maybe it can call international currency Bitcoin isn't local currency, so that means it's internstional, isn't it like that? So to my mind that question won't be asked.
As others have already pointed out, Bitcoin itself is international. It is not an official currency, but an unofficial currency, payment method, value-exchange system (pick your choice).
However, if you are referring to bitcoin as an official currency worldwide assuming we let go of the existing state issued currencies we have, it is neither a good idea or a practical one. The world’s GDP is too large for Bitcoin (at current) to support it - even if all 21 Million Bitcoins have been mined.
That is not true, the 21 million coins cap is not a factor when it comes to supporting the GDP of the world, bitcoin could make a world economy function the only issue is that bitcoin will become very valuable and those that hold bitcoin will become millionaires overnight. However, if you are referring to bitcoin as an official currency worldwide assuming we let go of the existing state issued currencies we have, it is neither a good idea or a practical one. The world’s GDP is too large for Bitcoin (at current) to support it - even if all 21 Million Bitcoins have been mined.
Bitcoin isn't international currency but it's international crypto currency. If there is crypto payment anywhere, every such company accepts bitcoin as a payment and after that there are altcoins. It's good that everyone thinks like that.
Bitcoin isn't local currency, so that means it's internstional, isn't it like that? So to my mind that question won't be asked.
Bitcoin isn't local currency, so that means it's internstional, isn't it like that? So to my mind that question won't be asked.
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 has become a global currency which is already widely used by people around the world and now there is a store that accepts bitcoin it has become an international currencyYou 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 takes time really but with continues support the right time will come in the near future.
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.
Yup. User of bitcoin very want this coin used as well and want to replace fiat currency. Because every we do transactions we not need to pay tax. And this reason why some country didn't get any tax fee from that transactions.
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.
As others have already pointed out, Bitcoin itself is international. It is not an official currency, but an unofficial currency, payment method, value-exchange system (pick your choice).
However, if you are referring to bitcoin as an official currency worldwide assuming we let go of the existing state issued currencies we have, it is neither a good idea or a practical one. The world’s GDP is too large for Bitcoin (at current) to support it - even if all 21 Million Bitcoins have been mined.
However, if you are referring to bitcoin as an official currency worldwide assuming we let go of the existing state issued currencies we have, it is neither a good idea or a practical one. The world’s GDP is too large for Bitcoin (at current) to support it - even if all 21 Million Bitcoins have been mined.
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 has become a global currency which is already widely used by people around the world and now there is a store that accepts bitcoin it has become an international currencyYou 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 takes time really but with continues support the right time will come in the near future.
Global mean is used several people in the world.
And international mean is gotta accepted by country with legitimate law. You can look it in Wikipedia.
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 has become a global currency which is already widely used by people around the world and now there is a store that accepts bitcoin it has become an international currencyYou 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 takes time really but with continues support the right time will come in the near future.
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 has become a global currency which is already widely used by people around the world and now there is a store that accepts bitcoin it has become an international currency 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?
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?
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?
agreed, bitcoin nowadays are very popular to be use worldwide in terms of online payment and online job/income too. So far many of the merchant now is accepting bitcoin concepts anyhow. Moreover, majority of the online advertising company also adopting the system of bitcoin.
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?
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?
today's increasingly sophisticated money must be updated and therefore present no such thing cryptocurrency, and this is also a demand of time, if you do not follow then you will be left behind
Yes, just keeping yourself updated is already a good thing. The best apart about that is you are advance to those who will just come to know bitcoin.
One more thing is you will be ready if your own government would decide to make it as your currency. You dont need learning from school just a little more deeper knowledge and Voila! you can use it and very well adapted.
Just the biggest problem for bitcoin is the government. Many countries do not recognize bitcoins at the level of laws. This makes it difficult to use cryptocurrency
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?
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?
today's increasingly sophisticated money must be updated and therefore present no such thing cryptocurrency, and this is also a demand of time, if you do not follow then you will be left behind
Yes, just keeping yourself updated is already a good thing. The best apart about that is you are advance to those who will just come to know bitcoin.
One more thing is you will be ready if your own government would decide to make it as your currency. You dont need learning from school just a little more deeper knowledge and Voila! you can use it and very well adapted.
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?
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?
today's increasingly sophisticated money must be updated and therefore present no such thing cryptocurrency, and this is also a demand of time, if you do not follow then you will be left behind
Bitcoin never belonged to just one country. In order to use bitcoin, you do not need to be a citizen of any particular country. This all suggests that bitcoin is already an international currency
I don't think that Bitcoin can be an international currency it won't be allowed by all the governments of each country. What I see in Bitcoin's future is that it will still continue to become a payment option online besides paypal and credit cards which is good because I think Bitcoin is the most convenient among them all when it comes to online use. 
Bitcoin never belonged to just one country. In order to use bitcoin, you do not need to be a citizen of any particular country. This all suggests that bitcoin is already an international currency
off course the bitcoin is already become a international currency now because it is using by so many people of varrious countries .the performance of bit coin is also accepted by users so it become verry popular site now a days.
bitcoin is used by various people around the world from different countries and it proves that bitcoin worth anywhere and I think now we can say that bitcoin is an international currencyYes since almost country has an access on using bitcoin, it is just that our choice to use it. I hope one day this international currency be implemented and accept by the government. How kool will it be when we shall see all nations, one currency and that too is bitcoins.
I dont think that it will happen in very soon or not possible because to become international currency it has to be in large circulations. Most of them forget that Bitcoin is a good for investment like gold and in some aspects it can be used as online currency but it to become international currency is too small chances. It can become online currency and good for investment
It will happen infact on some of the places it is already happening. only one thing is old currencies will not be removed entirely from the market because it is present from a long time if it is done it will create havoc moment. lets first it get popular among the young people sooner or later masses may start accepting it but it will take time. It has to be educated among more people so that it becomes the common way of transaction.
Agree with you. Bitcoin can not replace the national currency instantly. At once it will become an alternative way of payment and will exist together with Fiat. And then, maybe, and will supplant Fiat
It depends on the number of people who use it. The lower the transaction fee, the more user.
off course the bitcoin is already become a international currency now because it is using by so many people of varrious countries .the performance of bit coin is also accepted by users so it become verry popular site now a days.
bitcoin is used by various people around the world from different countries and it proves that bitcoin worth anywhere and I think now we can say that bitcoin is an international currencyYes since almost country has an access on using bitcoin, it is just that our choice to use it. I hope one day this international currency be implemented and accept by the government. How kool will it be when we shall see all nations, one currency and that too is bitcoins.
I dont think that it will happen in very soon or not possible because to become international currency it has to be in large circulations. Most of them forget that Bitcoin is a good for investment like gold and in some aspects it can be used as online currency but it to become international currency is too small chances. It can become online currency and good for investment
It will happen infact on some of the places it is already happening. only one thing is old currencies will not be removed entirely from the market because it is present from a long time if it is done it will create havoc moment. lets first it get popular among the young people sooner or later masses may start accepting it but it will take time. It has to be educated among more people so that it becomes the common way of transaction.
Agree with you. Bitcoin can not replace the national currency instantly. At once it will become an alternative way of payment and will exist together with Fiat. And then, maybe, and will supplant Fiat
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