Bitcoin world currency - page 10. | Bitcointalksearch.org

dekafee79

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Quote from: Jmmerquita on August 04, 2017, 11:43:57 PM

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

that's my hope, we'll see. if the development of bitcoin is good and many people use it, I think being the world currency is possible,

jonland22

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Quote from: douglock on March 24, 2018, 02:36:22 PM

Quote from: FullMooon on March 22, 2018, 09:54:30 AM

Yes this is possible that the bitcoin will commodate the whole world as one currency. It is one of the goal of bitcoin to become one currency use all over the world. This may affect to the economy as a big change to adjust for exchanging money.

I think that this possibility can not happen. Bitcoin itself has proven that it can not handle a huge number of transaction every day. Moreover, people have to suffer a high fee and slow confirmation. The more I use bitcoin, the more I realize how bad it can be. In the future, I hope that dev team will know how to fix bitcoin and make it becomes faster and faster

Lightning network can solve this problem if it will finished implemented throughout the world and besides bitcoin has lower fees now compared to BCH which holds more hash transaction than bitcoin, bitcoin might be an old technology already but the respect and name it made to everyone makes it more valuable compared to other coins.
Bitcoin as a world currency can only be done if we have one government existing and fiat system is totally abolished.

Activitycoin

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Quote from: Jimbo Abu on March 24, 2018, 04:35:52 AM

Quote from: Jmmerquita on August 04, 2017, 11:43:57 PM

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

It has the right time for that. Just think what is happening now. But if the time comes in the future, many people will hug it because many people will see the good value of a bitcoin.

I do agree with you that gradually bitcoin is getting more valuable and people are investing in bitcoin because it has more potential than any other currency, at start bitcoin was not that famous but now everyone knows about bitcoin which mean bitcoin is popular worldwide. As time passing everything is getting digital so I think bitcoin will be the only currency in future that people will need to use and they will trust to invest,

Bitcoinjheta

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Quote from: Gameroid on March 23, 2018, 06:54:49 PM

Quote from: pleght on March 22, 2018, 03:10:29 PM

BitCoin is not the world currency. It will never happen again.There is only one possibility that the countries produce their own crypto money.

Yes currently bitcoin is not a world currency, because still most of the countries do not have any idea about bitcoin, but bitcoin popularity is increasing from time to time and therefore we can expect that in near future bitcoin will become a world currency and its users will then present throughout the world. Bitcoin is in fact the need of the future, therefore its importance cannot be ignore.

Yes, i believe that bitcoin is amazingly increasing its popularity world wide from time to time many spectators and investors getting interested to join in cryptocurrency market and invest there money. But speaking with the world wide currency i am not supposedly be easily be adapt into the economy and its stability because a lot circumstance might happen in along process it will create chaos between the non believers and believers.

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Quote from: dekafee79 on March 24, 2018, 08:23:43 AM

Quote from: Alva12 on March 22, 2018, 04:45:22 AM

It will happen and I believe that it's possible to happen. Not that too fast but later on every merchant is going to adopt and accept bitcoin as the payment for their goods and other stuffs that people will avail to them.

Are you sure that bitcoin will be the attraction after the legalization? I still believe the world's bitcoin currencies. The internet knows no bounds, and bitcoin as well. I do not have to wait that it's legalized

That is why even after the banning of bitcoin in particular countries, still the citizens are dealing in bitcoin. They do not need anyone’s permission for this. Nobody can stop anyone from doing whatever he wishes to on internet. There are many ways to hide one’s activities and erase all the digital traces. Besides, banning of bitcoin is ridiculous. It is a wonderful investment tool that can help many in financial crisis. What is the point in keeping common people deprive from bitcoin?

douglock

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Quote from: FullMooon on March 22, 2018, 09:54:30 AM

Yes this is possible that the bitcoin will commodate the whole world as one currency. It is one of the goal of bitcoin to become one currency use all over the world. This may affect to the economy as a big change to adjust for exchanging money.

I think that this possibility can not happen. Bitcoin itself has proven that it can not handle a huge number of transaction every day. Moreover, people have to suffer a high fee and slow confirmation. The more I use bitcoin, the more I realize how bad it can be. In the future, I hope that dev team will know how to fix bitcoin and make it becomes faster and faster

whyrqa

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Quote from: catok broek on March 22, 2018, 02:28:47 PM

Quote from: Jmmerquita on August 04, 2017, 11:43:57 PM

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

Not now, but it is possible in the future. many countries still ban bitcoin as a legal currency exchange, because they are still afraid of that bitcoin is a decentralized currency which can used by tax evaders to hide their wealth cause of anonymous properties attached to bitcoin. the volatility of bitcoin can give bad effect to the economic as well.

Many governments see bitcoin as a threat and they are right bitcoin is a threat to the way the current system works if bitcoin ever becomes a world currency the system will have to change, it will be impossible for governments to tax you the way they do now, governments will have to get a lot smaller and that is something they hate, but if enough people adopt bitcoin they will have no other option and the laws regarding taxes will have to change.

you are All Right Speak, Just take into account the fact that today we are on problems with state authorities, but when Bitcoin is legalized, then the problem will necessarily appear.

dekafee79

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Quote from: Alva12 on March 22, 2018, 04:45:22 AM

It will happen and I believe that it's possible to happen. Not that too fast but later on every merchant is going to adopt and accept bitcoin as the payment for their goods and other stuffs that people will avail to them.

Are you sure that bitcoin will be the attraction after the legalization? I still believe the world's bitcoin currencies. The internet knows no bounds, and bitcoin as well. I do not have to wait that it's legalized

Smarty14392

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Quote from: Marcsymon on March 22, 2018, 06:52:58 AM

Quote from: Jmmerquita on August 04, 2017, 11:43:57 PM

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

This is impossible because we need to make all people in the whole world know how bitcoin will work in which education is very important for them to easily learn the digital transactions and also its need to make internet connection to be in place everywhere which is very impossible to happen like if you are in the middle of the desert therefore it is really difficult to make it happen unlike the local paper money in which everyone knows how to use it including the children.

Bitcoin can be recognized by all the people of world one day but still it won’t make bitcoin world currency for many reasons. It is not the requirement of a coin to be known by everyone for becoming world currency. There is no way that the government of all countries would agree upon this.

Already, many countries feel fear of bitcoin. However, the idea sounds very productive to me but the reality is that, it is not possible to happen.

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Quote from: Jmmerquita on August 04, 2017, 11:43:57 PM

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

It has the right time for that. Just think what is happening now. But if the time comes in the future, many people will hug it because many people will see the good value of a bitcoin.

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Quote from: FullMooon on March 22, 2018, 09:54:30 AM

Yes this is possible that the bitcoin will commodate the whole world as one currency. It is one of the goal of bitcoin to become one currency use all over the world. This may affect to the economy as a big change to adjust for exchanging money.

Well, being a lover of bitcoins and extremely hopeful for bitcoins to be prevailed all over the world and having best market in international market, still I don’t support this idea. There is nothing goodness in this option. Just imagine if this coin would be considered as one coin throughout the globe and everyone is using them, what would be their charm then? It will lose all this extra profit ratio thing and much more.

destroyer01

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Bitcoin can grow and become a widely accepted and adopted currency. Further attempts are being made to get bitcoin listed,which will likely determine its success.

Gameroid

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Quote from: pleght on March 22, 2018, 03:10:29 PM

BitCoin is not the world currency. It will never happen again.There is only one possibility that the countries produce their own crypto money.

Yes currently bitcoin is not a world currency, because still most of the countries do not have any idea about bitcoin, but bitcoin popularity is increasing from time to time and therefore we can expect that in near future bitcoin will become a world currency and its users will then present throughout the world. Bitcoin is in fact the need of the future, therefore its importance cannot be ignore.

EdenHazard

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Quote from: portotoi on March 22, 2018, 09:29:01 AM

I am so positive enough to believe that this will happen in the near future. In behalf of what we are experiencing now that bitcoin value is breaking, i still believes that bitcoin can be use in every corner of the whole world.

it is happening now i guess … bitcoin has become the most searched around the world lately. people getting curious and found it so interesting , we can see now tha there a lot of company develop bitcoin technology to help the E transaction advanced.

if you walk in netherland , arnhem exactly. you'll know its been used like euro as a way to trade stuff.

Topaz72

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Quote from: Athelstan Miller on March 22, 2018, 04:47:57 AM

I dont think so, we should consider the fact that for now most of the countries doesnt recognized bitcoin and its potentials , and people should accept the fact we cannot purchase all the commodities since estates are not yet acquiring bitcoin as a way of exchange since its volatile.

It is not the reality mate because right now almost every country accept bitcoin and they are aware of the bitcoin benefits so they want to trade and invest in bitcoin today, people are buying bitcoin as they know soon they will be legally allow to use bitcoin for purchasing all goods of their demand and this reality will make you feel that you have done good job, to invest in bitcoin today, market is gradually turning green, people hope to be legally bitcoin user same I do I want to invest for long time, bitcoin is already famous worldwide and people are no more afraid about the bitcoin fallen price, as they know I is temporary fall in price.

pleght

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BitCoin is not the world currency. It will never happen again.There is only one possibility that the countries produce their own crypto money.

catok broek

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Quote from: Jmmerquita on August 04, 2017, 11:43:57 PM

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

Not now, but it is possible in the future. many countries still ban bitcoin as a legal currency exchange, because they are still afraid of that bitcoin is a decentralized currency which can used by tax evaders to hide their wealth cause of anonymous properties attached to bitcoin. the volatility of bitcoin can give bad effect to the economic as well.

Marrionbitcoin

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Quote from: Jmmerquita on August 04, 2017, 11:43:57 PM

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

That is possible to adapt Bitcoin as currency I think it will take so many time to study the pros and cons for implementing it. Government must implement rules and regulations for the protection and safety of investors.

Fretcy

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Now in the developed countries like America, Japan, Singapore mostly all the places Bitcoins have been widely used and accepted by the Government as well as the people as the Government looks for the welfare of the people which can help to change people's lives as well as for the betterment of the countries. If all the world start to accept this bitcoin and block chain technology then the world will be a better place to live in as it provides source of income to the unemployed and can wipe out or eliminate poverty and hunger from the world and all will be able to enjoy the freedom of their finances through the bitcoin technology as no one else has authority of the user's bitcoins. As there is potential for the price of bitcoins to increase so there is more chance for world wide acceptance and bitcoin will be in the mainstream of financial market which will make bitcoins a one world currency which can make travelling and all transactions easy or digitized.

hibiscus

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Bitcoin has the potential to become the world currency because of its certain positive features. Bitcoin has the wide popularity in the market and developed the investors confidence. Its market capital is amazingly higher that is above 260 billion usd and the corresponding daily transaction rate also very high. Mean time its certain features are attracted by the world business people and they preferred bitcoin for their business transactions world wide and they will be saving their processing time and money. Day by day bitcoins popularity is considerably increasing and possibly bitcoin can be the world currency in future.

Topic: Bitcoin world currency - page 10. (Read 5822 times)