Bitcoin world currency - page 11. | Bitcointalksearch.org

South Park

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Quote from: Dietere on March 22, 2018, 04:51:14 AM

It is really impossible to buy all the goods or commodities in this world using one currency. Undecided

Bitcoin is not enough for that and it will just artificially ballooned the value of Bitcoin. But we can all use Bitcoin to buy goods or to shop online there is no question on that.

It could be possible but it will be a bad idea, after all even if bitcoin is the first cryptocurrency it is not only cryptocurrency around there are thousands of cryptocurrencies all trying to take bitcoin spot and while many of those coins are scams at the same time there are many other projects that are pretty good and we need them after all the decentralization not only comes from the network so the more good coins we have the better.

Stug

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It is impossible because bitcoin's value is losing

East2011

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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.

I think it is imposible to use bitcoin in the entire world. Because as we can see i the news not all countries like bitcoin. And some countries banned bitcoin. It is only posible in countries that make bitcoin as a mode of payments.

BitcoinLoan

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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 would make sense that a cryptocurrency would be used to in a one world currency.Logistically, you could never have the same paper fiat all over the world acting as a one world currency.It would have to be a digital currency.

FullMooon

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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.

portotoi

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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.

magmar

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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.

For me that is possible that you can buy anything that are in the market wherever cointry it is because bitcoins is like an international currency it depends on the people who are selling it if they are gonna accept bitcoins as a payment in that thing or service but we all known that bitcoins can be converted into a money easily but not that those chinese.country because they banned bitcoins. But the real money will be there the bitcoins is just like an contemporary money for me.

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Quote from: bhabygrim on March 22, 2018, 06:36:40 AM

I think maybe in the future we could see it happen ,
Maybe we could use Bitcoin to pay for everything that we need even in the little transactions like for paying our taxi fare.

That is not going to happen in the future that we can use bitcoin for paying everything because bitcoin got a fee that is needed to be paid for the miners and if the people use bitcoin then they will be paying the price of the item plus the tax and also plus the fee for the miners to confirm his transaction and that is not a good idea to use bitcoin as a means of payment and for me, it is just an investment.

sana gull

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Quote from: nickmax on March 22, 2018, 07:13:57 AM

Soon the Internet will be everywhere thanks to Ilon Mask! And bitcoin is very popular right now. It is only necessary to simplify its use and increase security. If corporations like Amazon and Aliexpress start accepting crypto currencies, then this will be a huge step forward!

It will take a lot of time, because still a lot of countries are there which the education ration is very low, and specially in backward countries people cannot afford to receive education, in such countries they do not even giving more importance to female education, there are some countries where the education ration is less than 5 percent therefore i think that it will take a lot of time when all the people of the world will become educated and start using bitcoin.

nickmax

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Soon the Internet will be everywhere thanks to Ilon Mask! And bitcoin is very popular right now. It is only necessary to simplify its use and increase security. If corporations like Amazon and Aliexpress start accepting crypto currencies, then this will be a huge step forward!

Marcsymon

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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.

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.

bhabygrim

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I think maybe in the future we could see it happen ,
Maybe we could use Bitcoin to pay for everything that we need even in the little transactions like for paying our taxi fare.

johny.valencia2

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This would require everybody to utilize bitcoin. For evident reasons, bitcoin can't be utilized all over (or outside of a wifi field, so far as that is concerned). there are a few circumstances where you basically can't keep away from fiat; physical tokenized esteem just bodes well for the way that we direct business these days.
Proceeding onward to the system. Scaling be accursed, in the event that we endeavor to process even a small amount of the exchanges ACH finds in a day, your excavator would touch off in challenge Smiley we would need to do alot to oblige all that movement. furthermore, to be completely forthright, it is wasteful to utilize the system in this way. fiat is snappy, clean. the main handling power you require is the calories you used to give a man back change.

Eijrafarm

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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.

This is the best purpose if BTC. To serve as a tool which you can easily use to transact any time anywhere. It could definitely affect the economy of a certain country that would adopt BTC.

intoy_victor

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Bitcoin is know right now every where and any countries you want to go. Maybe in the future if all countries adapt bitcoin it could be also a second international currency that could be use anywhere. But if you want to use it to other coubtry maybe you could convert it first to there local currency to buy goods or things you want.

judy1409

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Bitcoin is now under the development, then I think the countries part is to take their action how to apply tax with their people using bitcoin. Regulation is the part of the government to make the economy better alongside with bitcoin. So government will not use bitcoin since its decentralized for being worldwide currency.

ocim128

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i don't think so but remember nothing is impossible in this world

dillpicklechips

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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.

All commodities seems a bit too much. Maybe some commodities. The fact is that Bitcoin becoming a world currency is truly amazing which breaks the boundary between different countries and trading made easily without filling up many info and the transactions could take up a few minutes. This new technology, blockchain, had been a great help.

Fergale

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No, I don't think so. To have effect over the economy the governments should use Bitcoin to buy commodities and because the volatility it's risky.

Today BTC prices a lot, but tomorrow maybe the price can fall 10% or more. It's not good to keep the economy stable,

so I think it's not very helpful at this moment...

jademaxsuy

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Yeah bitcoin is the world currency and the good thing about this currency is that it could change its value from time to time. This means that if you have this kind of currency by buying it in some trusted retailers like here in the philippines which is the coins.ph then you could be able to earn if you know only how to hold and sell smartly. Just make a study of bitcoin market price if it is low then that would be the best time to buy it and hold it for a while for surely bitcoin price will rise depending on the seasons like what happen last year highest bitcoin market price reach to 19k USD in the month of december. That was the month or season to be jolly together with the events or the incoming new year so most of the investors that time selling their btc.

Topic: Bitcoin world currency - page 11. (Read 5822 times)