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Topic: Bitcoin to be used as world currency? - page 5. (Read 1058 times)

member
Activity: 322
Merit: 20
Bitcoin can't be the world currency why? Because the government wants the currency to run under their control. But crypto currency is rumored to become the prototype of the next coming versions of fiat. They said that Russia, Japan and China are already creating their own crypto coin. Meaning every nation would create their own coins. Soon everyone could trade with other currencies using his fingertips. There are also probability of having a one world currency if this happened.
Yes I agree on that. It is really impossible for bitcoin to run us a world currency. Because we have. A different governance and we used different money. If we use bitcoin as a world currency maybe we also need to have one governance which is really impossible. I think bitcoin will not going to be the world currency .
jr. member
Activity: 199
Merit: 2
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 think it's harder to enforce the country to change the money they use because it's going to be more complicated in the process because bitcoin is not fully centralized because theres a lot of issue about bitcoin which is not good that make government cant implement bitcoin as a fiat money and then the hackers and scammers spreadout if that will happen . But if each of our country implemented that our economy grow faster thru bitcoins usage thats hard thing to make as easy such as mode of payment system.
sr. member
Activity: 1372
Merit: 255
Bitcoin can't be the world currency why? Because the government wants the currency to run under their control. But crypto currency is rumored to become the prototype of the next coming versions of fiat. They said that Russia, Japan and China are already creating their own crypto coin. Meaning every nation would create their own coins. Soon everyone could trade with other currencies using his fingertips. There are also probability of having a one world currency if this happened.
newbie
Activity: 150
Merit: 0
It's unlikely that bitcoin will replace fiat money, too much has to happen for this. Maybe traditional money will use blockchain technology and paper money will no longer be used. There will be a digital society.
newbie
Activity: 238
Merit: 0
Yes, it is possible to Bitcoin used as world currency but I think it's hard to replace fiat currency. Bitcoin is online currency which can use worldwide. Soon I think it will option of payment worldwide. Traditional currency is physical currency and Bitcoin has not physical form. For daily small needs we need physical currency. Online payment not possible in most of countries. So it's hard to replace traditional currency. But in future anything is possible.
newbie
Activity: 234
Merit: 0
maybe, bitcoin will be used to world curency, because bitcoin is now beginning to dominate the world market
newbie
Activity: 56
Merit: 0
AML BitCoin (ABTC) is the world's first patent-pending AML/KYC/Patriot Act Coin that’s compliant with biometric identification. AML Tokens can be exchanged to AML BitCoins at a 1:1 ratio, once available. AML BitCoin is compliant with worldwide regulations, enabling it to be government and bank friendly, and to be recognized as a legitimate payment method by regulators.
AML Bitcoin is the answer to imminent regulation that is happening all over the world. They are are listed on IDAX, Exrates, OVIS, and CCEX with more in the works! This coin will not be this cheap again!! My advice, get these while you can!
newbie
Activity: 58
Merit: 0
For the simplest and most comprehensive view, we can look at the following example: Tom has a flight from Berlin to Seoul and luggage empty 5kg of portable. Maria living and working in Berlin want to send her friend in Seoul a 5kg gift parcel. If Maria sent by conventional means of transport such as DHL, GRS, etc.
sr. member
Activity: 1372
Merit: 275
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'm also sure if one day bitcoin will be the currency used all over the world but it definitely takes a long process and time because the most important thing is the bitcoin is well received and official as the applicable currency
member
Activity: 523
Merit: 10
YOUC - https://www.youengine.io/
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??

yeah bitcoin could be the world currency in the future. just by looking in the market, bitcoin volume is the biggest.
if bitcoin used by world as a global currency, i wonder how much bitcoin increased if that happened.
full member
Activity: 490
Merit: 100
Yes I agree if bitcoin used as a world currency. Because as of now bitcoin is international currency. It is popular to the world who knows in bitcoin and have a investment
Yeah already bitcoin is famous enough and people are surely agree to invest money in bitcoin, a lot of investees are making investments with bitcoin to secure the future, increasing popularity is a sign bitcoin is going to be the next worldwide legal currency, in future every single country will use bitcoin to purchase goods and to pay bills and schools fesses.
newbie
Activity: 252
Merit: 0
Bitcoin is now a widely used and popular crypto currency. Many investors are coming and investing day by day. It has the capability to replace the traditional money to be the world currency, but the government will not allow this. But few governments are taking the steps to make it their own currency like Sweden. It is the country who has launched the first government owned crypto currency. We hope that soon others will understand it. Though it will take time but we can hope that bitcoin will be able to do that.
newbie
Activity: 154
Merit: 0
Bitcoin can become one of the world’s most usable currency one day because it can be used for global transactions, where there is no limitation of state for transactions, but become a replacement of traditional money will not happen in near future.
hero member
Activity: 1190
Merit: 534
Considering the current literacy rate in terms of technology, it is very difficult for everyone to use Bitcoin and hence they will always going to prefer fiat currencies. Bitcoin will gain a place as a major player in the fund transfer industry but it is not going to replace fiat at least in next 50 years. On the other hand, we will see governments adopting blockchain for fiat currencies and will try to optimize the infrastructure of traditional payment systems.
newbie
Activity: 252
Merit: 0
Crypto currency system is the best way for trading and this crypto currency system developed by bitcoin so investing on bitcoin is very profitable. Nowadays many of the people like to use bitcoin and using bitcoin they can trade frequently so there is no limitation of trading because this crypto currency I mean bitcoin price is also high in the market and also holing 1st position in the market so we should encourage people to invest in bitcoin .
newbie
Activity: 123
Merit: 0
bitcoin has been accepted in some other countries for payments or transactions, but I do not think the local currency or traditional money will be lost, but I am sure that bitcoin will also be the top spot in the world market, as more people know about the more bitcoin also use it , because bitcoin is also easier for transactions or means of payment than other kridit or katu.
newbie
Activity: 182
Merit: 0
Bitcoin is a modern and sophisticated payment tool, so I totally agree that Bitcoin can be the currency of all countries in the World. this sounds strange and impossible, but I'm sure one day All the countries in the world will eventually use this bitcoin as a legitimate payment instrument in their country.
newbie
Activity: 9
Merit: 0
as mentioned above. goverment wont allowed losing power + bitcoin is still too vulnerable for the use of a world currency. In addition it is really expensive to mine bitcoine and the fees and transaction time are still to high.
newbie
Activity: 30
Merit: 0
In my experience it is much easier to pay using bitcoin rather than with credit cars or debit cards. The only problem is that bitcoin have a high transaction fees and have a slow confirmation of transaction but if we can launch the lightning network bitcoin will be the perfect tool for creating payments. Though even  bitcoin have a high fees for transactions but  it is still cheaper than the charges in using a credit card.
jr. member
Activity: 182
Merit: 2
It must be . Because we need to upgrade the thing that were used to be to prevent us from robberry and other criminal crimes. Because of the technology it has in the system a lot of potencial in bitcoin can be notice the way it work make it more stronger that the other currencu imagening it is use in all over the world the way currency work. bitcoinis really a game changer i guess. Bitcoin virtual currency Although the world does not take place as a currency, but the demand of the world market is not low. So Bitcoin will be the equivalent of the world currency.
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