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.
Long long time to see these things coming in application. Government intervention and high network fees are some more obstructions is success. We can say it the virtual world currency but its difficult to say that it would become a real world currency accepted unanimously.
Topic: Bitcoin world currency - page 15. (Read 5797 times)
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.
Long long time to see these things coming in application. Government intervention and high network fees are some more obstructions is success. We can say it the virtual world currency but its difficult to say that it would become a real world currency accepted unanimously.
Unfortunately, we can not use bitcoin to buy goods in all countries, as in some countries it is simply banned, and in many countries there is no way to make purchases with it.
Those who banned bitcoin in their region will lag and no other country will make any business deal with them as bitcoin become the world currency and on top of it the regions who banned it will remove ban because who world will be going to accept it and bitcoin will be ruling coin of world and one or two countries cannot do anything against united countries, 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.
Long long time to see these things coming in application. Government intervention and high network fees are some more obstructions is success. We can say it the virtual world currency but its difficult to say that it would become a real world currency accepted unanimously.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 is going to be very difficult for bitcoin to reach that level of adoption, but if it came to that point I think bitcoin will be able to help the world by having a common currency between buyers and sellers all around the world, this will create less friction in the economy, and a lot less money is going to be lost when you exchange currencies. 
of course very, bitcoin can to buy anything, I heard in china already validate the purchase of goods by using bitcoin payment.
it's possible but not yet, maybe bitcoin will be far ahead to reach this world currency. In the present time not all people know this bitcoin, not everyone has internet connection, and Also include here the slow connections of other countries. But if it's going to be a world currency, we're definitely the first to get rich.
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.
Using bitcoin all over the world is very impossible and very difficult to implement. All users should have access in btc, everybody should have internet and smartphone to use it. What about other people that cannot afford to have it.
We can buy through online internet and join online games. This is what people are doing today instead of going outside and buy some foods we can charge it to bitcoins because it is also a currency but not the the world using in to it.
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.
There is no rush to this thought, but it is possible in the distant future because the current development of knowledge about this currency and its increase in value give it a basis.
In my opinion Bitcoin would be better coin as a storage value something like a gold but in the crypto world.
But using bitcoin in all commodities in the entire world is obviously possible. There is every indication that world go in this direction because Bitcoin gains popularity and more and more retailers start using bitcoins. But the affect on economy is still a little mystery.
But using bitcoin in all commodities in the entire world is obviously possible. There is every indication that world go in this direction because Bitcoin gains popularity and more and more retailers start using bitcoins. But the affect on economy is still a little mystery.
I doubt that it will be ever possible to buy all commodities in the entire world, because I doubt that bitcoin will ever become a world currency. Until today I am not aware that bitcoin is the official currency in any country and in my opinion it's also not necessary that a government will declare it as the official currency of that country.
We people can already use bitcoin almost worldwide and we users don't need the intervention of governments to continue doing so.
Although people are using bitcoin throughout the world, but still i think it is too much important that government should turn bitcoin as legal currency, because if once bitcoin will become as legal currency then more and more shopkeeper and even government departments will start accepting bitcoin,. then we will become able to use bitcoin for everything we want and there will no restriction over it. We people can already use bitcoin almost worldwide and we users don't need the intervention of governments to continue doing so.
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 would be better if we could use bitcoin in buying basic commodities, it would just be easier nit carrying money around, you won't get worried by it getting lost or dropping your money or maybe some pick pocket will get it. You can just have your phone and pay the items by scanning or clicking. It would be much easier, safer and better.
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.
There is no rush to this thought, but it is possible in the distant future because the current development of knowledge about this currency and its increase in value give it a basis. 
It's just make easier for people to do transaction using bitcoin. As long as government still not legalize bitcoin, it won't affect anything but the story is different if government already legalized for example Japan.
I'm sure there will be more revenue for that country especially when they charging tax for bitcoin transaction
I'm sure there will be more revenue for that country especially when they charging tax for bitcoin transaction
for now only as a country that receives payments using bitcoin, but every year more and more countries are legalizing bitcoin, I still have not tried to buy something using bitcoin, usually I use bitcoin just for trade and investment.
Yes bitcoin can be world currency but there should be room for improvement also.
I think Ecommerce websites' think about to accept bitcoin as payment but they are affraid from the price of bitcoin as we seen price is not stable sometimes it rise or fall.
I think Ecommerce websites' think about to accept bitcoin as payment but they are affraid from the price of bitcoin as we seen price is not stable sometimes it rise or fall.
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 there could minor effect on economy 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.
Given the era that is widely focused on electronics, I think it is possible to use Bitcoins in buying and/or selling all commodities worldwide to facilitate trade and commerce. Although this sure poses a real threat to all respective currencies, and by the latter, I meant currencies that are regulated by central banks, this phenomena cannot stop the growth of cryptocurrencies especially so that it promotes easy access to all supplies worldwide. Through this, there is a huge possibility that prices of commodities will drop because it effectively cuts the chain of multifarous supply chain.
bitcoin can not be said world currency because there are still few people who use, compare with USD or EURO, USD daily transactions are very large and reach hundreds of billions every day while bitcoin may be new millions.
Unfortunately, we can not use bitcoin to buy goods in all countries, as in some countries it is simply banned, and in many countries there is no way to make purchases with it.
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