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Topic: Bitcoin will control the world economy!!!!! is it true? - page 2. (Read 8909 times)

newbie
Activity: 78
Merit: 0
I think the world economy is governed by the government, and I think the government will not allow bitcoin to control the economy because bitcoin is unstable and that will be a risk to the economy.
Bitcoin will probably be the world currency, but it will not control the world, because every country has its own currency. In my opinion, bitcoin will bridge trade between countries because of simple and safe factors. The government has an interest in monitoring bitcoin, especially for taxes.
member
Activity: 812
Merit: 11
I think the world economy is governed by the government, and I think the government will not allow bitcoin to control the economy because bitcoin is unstable and that will be a risk to the economy.

I am agree that government will not allowing bitcoin control their economic. Bitcoin is decentralized system and no authorities can control the supply. But i do believe bitcoin will safe our economy in the future because bitcoin have better economy system
member
Activity: 420
Merit: 10
“Tackling Climate Change Using Blockchain”
For me I don't really think that much. I know how bitcoin can really affect the economy of a country but to control the world economy is an overstatement. The volume of bitcoin does not surpass even the population so how can it control the entire world economy when its volume is limited? The effect is clear and will be realistic if everyone will be involved in bitcoin which as we know the possibility of manipulating prices is real and possible. So it may if everybody is holding bitcoin but when not I really don't think this is true.
member
Activity: 117
Merit: 11
that will be impossible (for now) since most companies are still reliant on the existing monetary system. but well it wont be that hard to imagine that the world and companies will accept bitcoins
member
Activity: 294
Merit: 10
JOIN THE NEXT MEGATREND IN CRYPTO!
Some media shows that bitcoin can be the next weapon to control the world economy. i think it is true and it will be seen soon. 
I don't think so, there are too many difficulties that should be resolved so that bitcoin could become a leading world's currency.
It is still not massively adopted, it is uncontrollable and too volatile - these are just some of the problems that people face when using btc as a method of payment.
sr. member
Activity: 910
Merit: 257
Some media shows that bitcoin can be the next weapon to control the world economy. i think it is true and it will be seen soon. 

I wouldn't say control, but I think that there is a big chance that bitcoins, or Bitcoin specifically, may have a hand in improving and making the world economy more vibrant and active. I say that because of the fact that it's a growing market, and so, if more and more people from different countries would really embrace and support it, and ultimately, improve its market. It can really rake in big returns and income on those who invest in it. Also, if it gains more value, it can be more competitive in similar markets and assets.
jr. member
Activity: 238
Merit: 1
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In order to control the global economy bitcoin will need to develop more than 10 years and I do not think that this is possible ! But to use it for the development of the world economy is very logical !
member
Activity: 350
Merit: 12
The first cryptocurrency can sink the first social network. If Facebook takes advantage of the idea of Telegram and decides to create its own cryptocurrency, it can topple bitcoin from its pedestal. Audience Telegram has a little more than 200 million users. At ICO, the messenger managed to collect twice for 850 million dollars, ahead - the final round of financing. If Facebook with its two billion audience decides to do the same, then its cryptocurrency can be a very powerful competitor.
sr. member
Activity: 1246
Merit: 254
Trphy.io
all countries experienced a decline in the value of the currency caused by rising dollar prices including several developing countries. this is a gap for the government to develop digital currencies and blockchain is a future financial technology.
The Government should give the science about the world of crypto to community if they want to develop cryptocurrency and blockchain. Because until now many citizens who still do not understand about crypto, if it can run well then I'm sure this crypto will make the world economy for be better.
full member
Activity: 377
Merit: 100
MenaPay - Crypto made easier than cash
Some media shows that bitcoin can be the next weapon to control the world economy. i think it is true and it will be seen soon. 
As for now, we cannot say that bitcoin is already controlling the world's economy since it is not yet legal and exclusive to the world. If ever it will become legal globally in the future, there's a possibility that the changes occuring within crypto will greatly affect the world's economy that's why many countries banned bitcoin since they saw it as a threat.
hero member
Activity: 2114
Merit: 740
Leading Crypto Sports Betting & Casino Platform
all countries experienced a decline in the value of the currency caused by rising dollar prices including several developing countries. this is a gap for the government to develop digital currencies and blockchain is a future financial technology.
member
Activity: 322
Merit: 10
I believe you'il definitely check it when the time comes. Everyone has a common virtual currency. Because the exchange rate differences will be gone. People will have everything they want to have as soon as they want. Although this situation worries the states in this direction, the situation is definitely going towards it.
sr. member
Activity: 518
Merit: 250
Some media shows that bitcoin can be the next weapon to control the world economy. i think it is true and it will be seen soon. 
if the bitcoin will become the worlds used money for transaction i think it might control the worlds economy because it is decentralized and removes the taxes that we need to pay.
jr. member
Activity: 269
Merit: 1
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I think the world economy is governed by the government, and I think the government will not allow bitcoin to control the economy because bitcoin is unstable and that will be a risk to the economy.
sr. member
Activity: 966
Merit: 311
sorry, I think that assumption is wrong, Bitcoin is not a group like Rothschild or another group that controls the world economy, but if Bitcoin will control the way and the world transaction system, I really agree because that is Bitcoin with its Blockchain technology...
good point mate, bitcoin is not institutional that able to controll world economy.but it could replace current global payment system if bitcoin has fast transaction speed and low fees.when it happen , international trade will using bitcoin replace L/C or others system.
By L/C, do you mean Local Currency?
I actually don't think that bitcoins can really replace the local currencies untill and unless they are decentralised.
There is not huge point is making this topic go viral as we all know that bitcoins are going well as they are being decentralised rather than being centralised to be able to use as an replace to local currencies.

Blockchain transactions are a way different to understand for many users who are not that related to the cryptocurrencies. Transactions with the fiat currencies are really much easy to handle and also has no transaction cost. Fiat and cryptocurrencies are much different from each other and also non relative.

Going back to OP, i don't think that bitcoins can really control the world economy but instead it could have some major impact on stabilising the economy. If majority of peoples from a certain country are related to cryptocurrencies, than indeed the economy of that specific country can rise up.
member
Activity: 392
Merit: 10
BTC is difficult to influence the world economy. Although BTC is now well known to many people, its economic volume is still small!
BTC also needs to slowly strengthen itself to compete with traditional legal currency!
jr. member
Activity: 147
Merit: 1
Some media shows that bitcoin can be the next weapon to control the world economy. i think it is true and it will be seen soon. 

I do agree with you, but if you look at this again, it is not a reality, just a mere expectation, which in fact we do not know what will happen in the future to BTC itself, maybe BTC can indeed be used as a digital world currency, but to be used as a state currency. the global currency is still very far from the existing reality, it can be seen from the many government regulations that prohibit the circulation and transactions of using BTC in their countries.
newbie
Activity: 38
Merit: 0
I don't agree with you. The world economy need a currency that they can control to maintain the economy system world wide but bitcoin is decentralized and hard to control. As a result, i think it is impossible
sr. member
Activity: 980
Merit: 250
sorry, I think that assumption is wrong, Bitcoin is not a group like Rothschild or another group that controls the world economy, but if Bitcoin will control the way and the world transaction system, I really agree because that is Bitcoin with its Blockchain technology...
good point mate, bitcoin is not institutional that able to controll world economy.but it could replace current global payment system if bitcoin has fast transaction speed and low fees.when it happen , international trade will using bitcoin replace L/C or others system.
newbie
Activity: 26
Merit: 0
This will not happen, Bitcoin is not strong enough and not enough influence to control the world economy, maybe in the future Bitcoin will be stable and play an important role in the economy. Controlling the economy with Bitcoin is not enough.
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