Bitcoin to be used as world currency? - page 9.

ranman09

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Quote from: Xester on May 14, 2018, 07:25:19 AM

I do agree that bitcoin cannot replace the fiat currency. The government will not allow any currency that they cannot control to replace their own national currency except if there is economic collapse. But if you notice countries are now making their own cryptocurrency such as Sweden, they are the first country that have launched the first ever government owned cryptocurrency. Soon other countries will follow their footsteps and eventually will be used by people. But even though bitcoin will not replace traditional money but it will be still used worldwide.

I agree bitcoin can be used in many applications. If it does meet or is allowed to be a world currency then it can be a replacement on money transfer. I believe this is the best application for it.

Spontebob

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Quote from: Xester on May 14, 2018, 07:25:19 AM

I do agree that bitcoin cannot replace the fiat currency. The government will not allow any currency that they cannot control to replace their own national currency except if there is economic collapse. But if you notice countries are now making their own cryptocurrency such as Sweden, they are the first country that have launched the first ever government owned cryptocurrency. Soon other countries will follow their footsteps and eventually will be used by people. But even though bitcoin will not replace traditional money but it will be still used worldwide.

There's a possibility that bitcoin can be used as world currency but like what he/she said, it can't replace fiat currency. I've read an article stating that there will only be one currency in the world and that will be bitcoin.

jamesbtcearn

newbie

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I believe that there is a chance of being the commonly used currency of bitcoin. Already we have seen so many platforms are accepting thia as payment option. So probably that day is not so fat.

pendong101

newbie

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No i don't think so but Bitcoin can be used for global transactions but the traditional currency will not be lost and still be used

joshy23

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Quote from: marjon on May 16, 2018, 05:56:01 AM

I don't think it will happen, and I'm hoping it won't really happen. Otherwise, Bitcoin could be the "Mark of the beast" money. I'm strongly opposed to this idea.

If being recognized as a national currency then the value will be controlled by certain big countries, those who have a big reserved will dominate and will have a huge control over the value, I'm not in favor of letting this to happen since I'm always aiming for volatile market and take advantage of certain situations, as I seen that things will be much better if this coin will reserved as it is.

Jocuserious

sr. member

Activity: 1936

Merit: 290

I also believe that Bitcoin will used over the world one day.no need to long time fair, already this days come to fair.i know bitcoin is a degital crypto currency,it is the on of most currency.it can take worldwide accept.need to days it will see soon.

44elenas

newbie

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World currency is a bit of a stretch in my opinion but i guess it can get there if the rest of the world embraces bitcoin which will probably be in 100 years or so.

9emb3lelit3

jr. member

Activity: 207

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Yes, this is what is called the future technological development, from Bitcoin we will see a real proof of the development of digital technology which as a means of payment transactions is easy and safe for all people in the world.
Surely we must learn from all these developments, this is the future !, and this is the digital technology that we will soon feel, we see, and we will use.

marjon

member

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I don't think it will happen, and I'm hoping it won't really happen. Otherwise, Bitcoin could be the "Mark of the beast" money. I'm strongly opposed to this idea.

BoLhCa

newbie

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It's kinda hard to be world currency, too high volatility.

Tyronthegreat

newbie

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Quote from: rddsd7 on May 14, 2018, 07:17:42 AM

~~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??

The fact that the political elit and the leaders of Vatican city is seeking a world government and a currency this can be the biggest stepping stone of bitcoin to be one if the candidates crypto currency and make the chance to replace the old system. The only disadvantage of bitcoin to be not the world crypto in the future is by being a decentralized platform but other than this I see no other reason.

BitcoinLoan

sr. member

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Merit: 250

Quote from: sumit2103 on May 16, 2018, 04:52:35 AM

It will be very difficult to replace physical money with btc because in most of the parts of world the digitization is under the way and people are still not able to get access of such advance technology. So i think it will take alot of time and hard work with advancement of technology to get btc as world currency.

Bitcoin can’t currently be used reliably to pay for things, except for maybe dinner in some odd-ball locations, primarily because of its volatility. Even places like Expedia or Amazon which accept Bitcoin must, I’m quite sure, immediately convert the Bitcoin to a currency.

sumit2103

newbie

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It will be very difficult to replace physical money with btc because in most of the parts of world the digitization is under the way and people are still not able to get access of such advance technology. So i think it will take alot of time and hard work with advancement of technology to get btc as world currency.

lesya-ya

member

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Merit: 10

Undoubtedly, Bitcoin important for a certain percentage of the population, but still it has not acquired a mass value. Time will tell whether Bitcoin will become the world currency.

Suprex125

newbie

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Although the Vatican leaders have searched for governments and world currencies, I think to replace the traditional money or become a world currency will not happen.
although this happens, it will take a long time and process.

jasonhart

newbie

Activity: 322

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I think the chances are less of it being replaces with traditional money. But I presume both the centralized and decentralized system will run side by side. Let's see what happens.

Abdullah.dhariwal

newbie

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Bitcoin will lead all other currencies in near future.

DoublerHunter

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Bitcoin can be used as a world currency because bitcoin is international cryptocurrency and every people in any part of the world can use it by just having internet and also a device but bitcoin cannot be a primary currency because of its limitations and also the other things that we need to consider like fees and also being convenient.

sandialoveth

newbie

Activity: 266

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it has possibilities to become most favorite and replace traditional money or become world currency. but if we want this to be happend we have to preach people more to come into the crypto community and support it. only then it would be possible.

lucy94

newbie

Activity: 126

Merit: 0

not any time soon, maybe in twenty years or so

Topic: Bitcoin to be used as world currency? - page 9. (Read 1033 times)