Can Bitcoin become the universal currency of the world? What is the reason? - page 9.

seoincorporation

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Quote from: sell100 on October 19, 2018, 06:53:10 AM

Can Bitcoin become the universal currency of the world? What is the reason?

Universities and colleges are opening up to the idea of taking donations via cryptocurrencyâ€¦by Manoj Sharma for CNR Earlier this week

Read more:
https://www.trackcoinmarket.com/en/crypto-news/34494/universities-colleges-learning-handle-donations-bitcoin

It can't become the universal currency because it doesn't have the transactions power we need nowadays, With credit and debit cards we have close to 100,000 TPS (transactions per second) and bitcoin can confirm close to 2500 transactions each 10 minutes, so, it can be the only coin. But it can be another coin for the markets, even it can be the coin with more value Wink

aoluain

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I cannot see why any government would want to use an open source, unregulated and decentralised
currency like bitcoin. They would have no control over it.

guybrushthreepwood

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Quote from: sell100 on October 19, 2018, 06:53:10 AM

Can Bitcoin become the universal currency of the world?

Can it? Yes. Will it? Only time will tell. I think bitcoin is the best contender currently to become a worldwide borderless currency, but volatility is an issue right now as well as adoption. For it to work as a currency I think volatility needs to be curbed and it needs to be adopted on a large scale. Maybe even a better currency will come along at some point that will fix bitcoin's issues, or alternatively bitcoin will smooth out the issue it has. I would prefer that to be honest.

Quote from: sell100 on October 19, 2018, 06:53:10 AM

What is the reason?

What it the reason for what? Why it can or can't become a currency of the world or something else?

Quote from: sell100 on October 19, 2018, 06:53:10 AM

Universities and colleges are opening up to the idea of taking donations via cryptocurrencyâ€¦by Manoj Sharma for CNR Earlier this week

Read more:
https://www.trackcoinmarket.com/en/crypto-news/34494/universities-colleges-learning-handle-donations-bitcoin

Not sure why this is relevant here?

Yantoaja

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Quote from: sell100 on October 19, 2018, 06:53:10 AM

Can Bitcoin become the universal currency of the world? What is the reason?

Universities and colleges are opening up to the idea of taking donations via cryptocurrencyâ€¦by Manoj Sharma for CNR Earlier this week

Read more:
https://www.trackcoinmarket.com/en/crypto-news/34494/universities-colleges-learning-handle-donations-bitcoin

I think btc doesn't need to be a global currency, because if you think like that then you will look like someone who is very obsessed with BTC and seems to care about BTC can go beyond everything, if I think BTTC is already very good and enough to become a digital currency at the moment, and it is intended for that, so to make btc a universal currency it would be very not make sanse

Herbys

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Quote from: sell100 on October 19, 2018, 06:53:10 AM

Can Bitcoin become the universal currency of the world? What is the reason?

Universities and colleges are opening up to the idea of taking donations via cryptocurrencyâ€¦by Manoj Sharma for CNR Earlier this week

Read more:
https://www.trackcoinmarket.com/en/crypto-news/34494/universities-colleges-learning-handle-donations-bitcoin

Jack Dorsey, CEO of Twitter in an interview with The Times of London, said that in ten years the Common World Currency will appear, and in his opinion it will be Bitcoin.

I think the forecast can be justified, given the fact of a possible global crisis. Roll Eyes

giantrobot

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With the development of blockchain technology, it is quite possible. Electronic money is a comprehensive and useful way of being used in transactions, much more than traditional transactions.
However, getting it popular requires time. Currently, some countries prohibit electronic money, Bitcoin prices are still unstable in the market, to be widely used around the world, requiring high infrastructure and high educational standards.

aioc

hero member

Activity: 3178

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Quote from: sell100 on October 19, 2018, 06:53:10 AM

Can Bitcoin become the universal currency of the world? What is the reason?

Universities and colleges are opening up to the idea of taking donations via cryptocurrencyâ€¦by Manoj Sharma for CNR Earlier this week

Read more:
https://www.trackcoinmarket.com/en/crypto-news/34494/universities-colleges-learning-handle-donations-bitcoin

I can't think of one reason why it should be it's decentralized and internet based so you go to a remote place with no internet and buy stuff there but you only had cryptocurrency so you will end up starving yourself or confined yourself to places where you can transact using cryptocurrency.

sell100

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Can Bitcoin become the universal currency of the world? What is the reason?

Universities and colleges are opening up to the idea of taking donations via cryptocurrencyâ€¦by Manoj Sharma for CNR Earlier this week

Read more:
https://www.trackcoinmarket.com/en/crypto-news/34494/universities-colleges-learning-handle-donations-bitcoin

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