Topic: Bitcoin to be international currency - page 96. (Read 94961 times)

Quote from: neochiny on July 12, 2016, 08:32:24 AM

We need to achieve a huge adoption before we can be considered as a strong currency and when that happens the government cannot do any bad thing with a huge volume of supporters because we will beat them for sure.

As of jan 2016 there are 100m users of bitcoin and is already a strong crypto currency.
i don't see any reason why gov. would do anything about bitcoin, and what do you mean
we will beat them even with (lets say) 70% of population is using bitcoin fiat money will still
win. bitcoin is better of being an alternate currency than being the main one.

100m users? From where did you get this estimate?
Isn't it tough to get an estimate because people have multiple wallets and addresses?

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

We need to achieve a huge adoption before we can be considered as a strong currency and when that happens the government cannot do any bad thing with a huge volume of supporters because we will beat them for sure.

As of jan 2016 there are 100m users of bitcoin and is already a strong crypto currency.
i don't see any reason why gov. would do anything about bitcoin, and what do you mean
we will beat them even with (lets say) 70% of population is using bitcoin fiat money will still
win. bitcoin is better of being an alternate currency than being the main one.

You are right and I agree with you, it is good that we have to use both and it is important as we have different options to use in our daily transactions especially online, bitcoin is popular now that is why there are platforms in the crypto to integrate FIAT and Bitcoin exchange.

neochiny

hero member

Activity: 756

Merit: 503

Crypto.games

We need to achieve a huge adoption before we can be considered as a strong currency and when that happens the government cannot do any bad thing with a huge volume of supporters because we will beat them for sure.

As of jan 2016 there are 100m users of bitcoin and is already a strong crypto currency.
i don't see any reason why gov. would do anything about bitcoin, and what do you mean
we will beat them even with (lets say) 70% of population is using bitcoin fiat money will still
win. bitcoin is better of being an alternate currency than being the main one.

goinmerry

legendary

Activity: 2940

Merit: 1083

Quote from: ASHLIUSZ on July 12, 2016, 02:35:45 AM

Quote from: hermanhs09 on July 10, 2016, 09:08:28 PM

Quote from: hermanhs09 on July 09, 2016, 11:10:04 AM

Bitcoin is already an international currency,but only in the internet.
We wont see it change to really "international currency" but im sure the online shopping
will be done by bitcoins after some years,maybe 10 or something.

I don't see how. Btc is not recognized by states and will never be.
It's just not possible because it would destroy current fiat system.

yeah fiat will always win against anyone because fiat in backing by government but bitcoin goal is not to take over the position of fiat but it is an option not a bad thing. the important thing is bitcoin received in almost all countries that fact because I could see the users of various countries in bitcoin

I have never said that bitcoin can actually erase the fiat currency.
I was just meaning that bitcoin is so comfortable in paying online,that it might be more used across the world in paying online,
than any other currency.

yeah bitcoin stands first in the world of cryptocurrencies, it is not supported by the government of most of the countries. it is really hard to overcome fiat system which is established as money by government regulation.

We need to achieve a huge adoption before we can be considered as a strong currency and when that happens the government cannot do any bad thing with a huge volume of supporters because we will beat them for sure.

There will be a law for that. If this is an international matter then maybe the world bank will deal with this also or the UN if it should be legalize in terms that they may control it or will just leave it as it is.

Zooplus

legendary

Activity: 1106

Merit: 1000

Quote from: ASHLIUSZ on July 12, 2016, 02:35:45 AM

Quote from: hermanhs09 on July 10, 2016, 09:08:28 PM

Quote from: hermanhs09 on July 09, 2016, 11:10:04 AM

Bitcoin is already an international currency,but only in the internet.
We wont see it change to really "international currency" but im sure the online shopping
will be done by bitcoins after some years,maybe 10 or something.

I don't see how. Btc is not recognized by states and will never be.
It's just not possible because it would destroy current fiat system.

yeah fiat will always win against anyone because fiat in backing by government but bitcoin goal is not to take over the position of fiat but it is an option not a bad thing. the important thing is bitcoin received in almost all countries that fact because I could see the users of various countries in bitcoin

I have never said that bitcoin can actually erase the fiat currency.
I was just meaning that bitcoin is so comfortable in paying online,that it might be more used across the world in paying online,
than any other currency.

yeah bitcoin stands first in the world of cryptocurrencies, it is not supported by the government of most of the countries. it is really hard to overcome fiat system which is established as money by government regulation.

We need to achieve a huge adoption before we can be considered as a strong currency and when that happens the government cannot do any bad thing with a huge volume of supporters because we will beat them for sure.

ASHLIUSZ

hero member

Activity: 994

Merit: 502

Quote from: hermanhs09 on July 10, 2016, 09:08:28 PM

Quote from: hermanhs09 on July 09, 2016, 11:10:04 AM

Bitcoin is already an international currency,but only in the internet.
We wont see it change to really "international currency" but im sure the online shopping
will be done by bitcoins after some years,maybe 10 or something.

I don't see how. Btc is not recognized by states and will never be.
It's just not possible because it would destroy current fiat system.

yeah fiat will always win against anyone because fiat in backing by government but bitcoin goal is not to take over the position of fiat but it is an option not a bad thing. the important thing is bitcoin received in almost all countries that fact because I could see the users of various countries in bitcoin

I have never said that bitcoin can actually erase the fiat currency.
I was just meaning that bitcoin is so comfortable in paying online,that it might be more used across the world in paying online,
than any other currency.

yeah bitcoin stands first in the world of cryptocurrencies, it is not supported by the government of most of the countries. it is really hard to overcome fiat system which is established as money by government regulation.

jaysabi

legendary

Activity: 2044

Merit: 1115

★777Coin.com★ Fun BTC Casino!

Quote from: hermanhs09 on July 09, 2016, 11:10:04 AM

Bitcoin is already an international currency,but only in the internet.
We wont see it change to really "international currency" but im sure the online shopping
will be done by bitcoins after some years,maybe 10 or something.

I don't see how. Btc is not recognized by states and will never be.
It's just not possible because it would destroy current fiat system.

yeah fiat will always win against anyone because fiat in backing by government but bitcoin goal is not to take over the position of fiat but it is an option not a bad thing. the important thing is bitcoin received in almost all countries that fact because I could see the users of various countries in bitcoin

Government backing doesn't give something worth. Everyone's consensus as to what is valuable is what gives something worth. It's merely a confidence game. As proof, look at any country that suffered through hyperinflation. The government was saying the currency had value, but prices rose out of control because nobody using the money believed it had value. The opposite is true of gold currently, where most governments do not recognize it as acceptable currency (does not having the backing of the government, that is), yet gold still has value because everyone agrees it does and is comfortable with that idea.

hyudien

hero member

Activity: 2100

Merit: 596

Leading Crypto Sports Betting & Casino Platform

Quote from: goldcoinminer on July 08, 2016, 01:35:33 AM

Quote from: goinmerry on July 08, 2016, 01:13:21 AM

Quote from: hyudien on July 07, 2016, 02:28:44 PM

Quote from: goinmerry on July 07, 2016, 05:15:56 AM

Why? Is it not? You mean if I go to the other part of the world I cant buy it or sell it. Maybe even use it to an online shop? I can still use it right? So it is an international currency.

Why u call it international currency if some place not support it?

What?!!!! How about this go to Germany or in Australia. Go online. You think you cant buy bitcoin through that? You think you cant order something online when you are in a different country?

It is online so wherever there is signal or you can access the internet then you can use bitcoin. Exceptions are from delivery companies if they cant reach it not with bitcoin.

International does not mean that all country should adopt, the majority should be the basis and with the advent of the internet I don't think it is hard to transact and use bitcoin in online transactions.

So what is the difference of the global currency and international currency if you argue like that?

hermanhs09

hero member

Activity: 574

Merit: 500

Quote from: hermanhs09 on July 09, 2016, 11:10:04 AM

Bitcoin is already an international currency,but only in the internet.
We wont see it change to really "international currency" but im sure the online shopping
will be done by bitcoins after some years,maybe 10 or something.

I don't see how. Btc is not recognized by states and will never be.
It's just not possible because it would destroy current fiat system.

yeah fiat will always win against anyone because fiat in backing by government but bitcoin goal is not to take over the position of fiat but it is an option not a bad thing. the important thing is bitcoin received in almost all countries that fact because I could see the users of various countries in bitcoin

I have never said that bitcoin can actually erase the fiat currency.
I was just meaning that bitcoin is so comfortable in paying online,that it might be more used across the world in paying online,
than any other currency.

joinal

sr. member

Activity: 322

Merit: 250