Topic: Bitcoin to be used as world currency? - page 3. (Read 1033 times)
if bitcoin into digital currency is used for all countries it is certain that bitcoin price will be very expensive because bitcoin will be less total supply in circulation and certainly the transaction will be more solid.
Many have wondered if bitcoin could be the next global currency. While you may have heard the term bitcoin thrown around, it is understandable if you’re still fuzzy on the intricacies of this digital payment system. Before attempting to answer the question posed above, it is important to understand exactly what a bitcoin is.
Bitcoin is a relatively new technology; in fact, it is less than a decade old. Created back in 2007, bitcoin is the world’s first decentralized virtual form of currency. As of fall of 2016, it is now an accepted form of payment in dozens of countries around the globe. As more nations continue to adopt this groundbreaking technology, it increases the chances that bitcoin will in fact become the next global form of currency and one of the few not tied to a specific nation’s economy or a banking system.
Bitcoin is a relatively new technology; in fact, it is less than a decade old. Created back in 2007, bitcoin is the world’s first decentralized virtual form of currency. As of fall of 2016, it is now an accepted form of payment in dozens of countries around the globe. As more nations continue to adopt this groundbreaking technology, it increases the chances that bitcoin will in fact become the next global form of currency and one of the few not tied to a specific nation’s economy or a banking system.
For a long time, now the political elite and the leaders of the Vatican have been looking for a world government and currency,
I do believe that bitcoin is a part of financial future and great way to become an investor, but I have doubts that it can possibly replace traditional money or become world currency.
What are the possibilities and stopovers??
I do believe that bitcoin is a part of financial future and great way to become an investor, but I have doubts that it can possibly replace traditional money or become world currency.
What are the possibilities and stopovers??
I believe that bitcoins may someday become a globally accepted crypto currency because of the various advantages offer by it to the users , the increase in user ensure this and also the big community that supports it.
But yes there are some problems that bitcoins may have to face ,
They have to need their anonymous nature transactions so that if user for illegal funding government ould easily trace ,
They need a more stable value , it cannot be considered a globally accepted crypto currency unless it has this fluctuating value .
Currently due to the popularity of bitcoin, I think that sooner or later it is the intermediate entity of the world
Bitcoin is the future financial platform of the world. However, Bitcoin is not a substitute for national currencies, which can be considered as a medium of exchange and settlement in the near future.
I believe it is very difficult for BTC to replace the world currency.
if bitcoin is used as a digital currency in the world it seems to be very difficult because I see bitcoin has a very limited supply and this world has more than total bitcoin supply making bitcoin very expensive and not suitable for digital currency world.
In the unseen future, if a unified world government formed and and looks for its first unified currency, there is 99% chance that bitcoin will not be selected and instead the world government will issue its own currency. This currency might be centralized and it can be used as cash or a virtual money. Bitcoin is best as a virtual currency and mass adoption is needed before it can be use by people throughout the world but on becoming a world currency, it may be impossible to happen because it is not compatible with centralized nature of government
World government currency is supposed to be centralised and transactions are controlled by government. This way bitcoin will lose its sense and value.
For a long time, now the political elite and the leaders of the Vatican have been looking for a world government and currency,
I do believe that bitcoin is a part of financial future and great way to become an investor, but I have doubts that it can possibly replace traditional money or become world currency.
What are the possibilities and stopovers??
I do believe that bitcoin is a part of financial future and great way to become an investor, but I have doubts that it can possibly replace traditional money or become world currency.
What are the possibilities and stopovers??
I also doubt that bitcoin will replace fiat money. Because however fiat money is needed as a real form. Maybe bitcoin will be something else in the future and we do not know that.
For a long time, now the political elite and the leaders of the Vatican have been looking for a world government and currency,
I do believe that bitcoin is a part of financial future and great way to become an investor, but I have doubts that it can possibly replace traditional money or become world currency.
What are the possibilities and stopovers??
I do believe that bitcoin is a part of financial future and great way to become an investor, but I have doubts that it can possibly replace traditional money or become world currency.
What are the possibilities and stopovers??
Bitcoin is very useful for the crypto world. Because bitcoin is the most popular in the crypto world, and I'm sure bitcoin will be very useful in the future. Nor is it a place of payment or to be whatever it is.
Bitcoin now is popular and reaching the whole world.Many people and investors using bitcoin as payment for transaction and other expenses but to replace the fiat or what we called traditional currency is very impossible its because government cannot control the bitcoin.Maybe in the future bitcoin will become optional to traditional currencies.
Bitcoin is the world currency of the future which is sure to happen soon.Bitcoin community must be ready for government regulations and new policy frame work for the cryptocurrency.The world knows what bitcoin is and i don't think they can allow it to overpower fiat.I believe bitcoin will still be generally accepted soon.
Bitcoin and technology blockchain will be change the world financial currency But Bitcoin no replace world currency. Because the policies will be protected your currency currency of each country.
I think traditional currency will still remain and it will not be lost but bitcoin will become world widely known and can be accepted in all transactions.
Bitcoin is a cryptocurrency and a digital payment system, bitcoin is open source (anyone can use it freely and for free).
The system for listing Bitcoin is by crowdsourcing, so many managers all agree on the consensus that Bitcoin is valuable.
while world trade with a majority using USD makes USD very valuable and profits to the United States, at least in the form of influence to other countries. this thing i think is already worth bitcoin used for world currency.
The system for listing Bitcoin is by crowdsourcing, so many managers all agree on the consensus that Bitcoin is valuable.
while world trade with a majority using USD makes USD very valuable and profits to the United States, at least in the form of influence to other countries. this thing i think is already worth bitcoin used for world currency.
I think bitcoin can't replace fiat currency, maybe after many years, there are possibilities that bitcoin will be the currency of the world if all government accept it as legal.
I believe that bitcoin has great potential to become world currency if government support it, bitcoin is already adopted by many countries because they believe it gives a huge profit.
I believe that bitcoin has great potential to become world currency if government support it, bitcoin is already adopted by many countries because they believe it gives a huge profit.
This is the expectation of all users, if bitcoin is used globally it will make the bitcoin demand increase significantly and of course this will make the price skyrocket.
I do not think it could be used as a world currency, because its value fluctuates frequently. I hope it is still a high value currency and is a long-term investment and a great profit for everyone.
Well it could be used as a world currency and it also couldn't be used as currency because bitcoin is not yet implemented legally so we couldn't tell when it would gonna be used as a world currency. But I'm very positive that bitcoin would become or would be used as a world currency maybe not now but I hope it'll be soon.
NOT YET.
Bitcoin is not yet ready for this, I honestly think that they need alot of grounding to make, first of all its anonymity, what about anonymity? Crime rates, most of the cases are very much related tl bitcoin, in this case it would be a barrier in making it as a world currency, but I sure do hope that this may be true someday.
Bitcoin is not yet ready for this, I honestly think that they need alot of grounding to make, first of all its anonymity, what about anonymity? Crime rates, most of the cases are very much related tl bitcoin, in this case it would be a barrier in making it as a world currency, but I sure do hope that this may be true someday.
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