can bitcoin govern the whole world? - page 10.

Bheb112795

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Quote from: arthur25 on January 16, 2018, 01:56:31 AM

Nowadays bitcoin reach other countries and it is use in some transactions and very helpful in some country's economic.
What you can say?
Can bitcoin govern the world of business market, govern the world of every payments as it is moving to make it the future money.?

Bitcoin could govern the world of business market but not every payments. There are still people that are not that into use of internet, like low markets.

Samj16

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I think this could be difficult to happen. I think the government of one country will not allow this to happen,that digital currency will replace or take over fiat. Many countries still dont know what cyrpto currency is and some countries bans btc.

Tylev

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Quote from: arthur25 on January 16, 2018, 01:56:31 AM

Nowadays bitcoin reach other countries and it is use in some transactions and very helpful in some country's economic.
What you can say?
Can bitcoin govern the world of business market, govern the world of every payments as it is moving to make it the future money.?

Bitcoin is still impossible to use fully, even as a means of payment, so it's too early to think about world domination. In addition, bitcoin should not strive to dominate, it needs to cooperate with the rest of the usual currency. Bitcoin can not exist, replacing the ordinary currency, given its greater volatility. I can not even imagine even international calculations in bitcoin, given the high volatility of bitcoin.

zissmieus

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This is not possible when the world economic situation is more complicated, many people think that in the world there are still unknown countries virtual currency is how dominant and how this Not widely used. I believe in the very future Bitcoin will be able to develop the whole world.

CoinstarF

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Quote from: Rainmaker45 on January 16, 2018, 04:11:15 AM

Quote from: arthur25 on January 16, 2018, 01:56:31 AM

Nowadays bitcoin reach other countries and it is use in some transactions and very helpful in some country's economic.
What you can say?
Can bitcoin govern the world of business market, govern the world of every payments as it is moving to make it the future money.?

with the present happenings in blockchain, i think the main purpose of this currency is been ignored, one of which was for fast transaction and low cost of transaction, today what we see is very high transaction fees. if the cost of transactions can be looked into, then bitcoin will be future money. for both the poor and the rich.

Possible yes consumers wants a low cost and a faster services in terms of block chain technologies bitcoin has a capacity of those needs.

poypototoy

newbie

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This idea has a very low possibility since there is a flaw with the use of bitcoins. What I'm saying is that we need electricity, a device and an internet connection to use and there are still remote places in the world. Imagine in a tropical island for vacation, you are really thirsty and there is no reception, how can you pay for your drinks in Bitcoin? It's not impossible for bitcoin to be the main currency but my point is that this will still be a long way ahead.

alvinmtp

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I believe that bitcoin can control or govern the whole world if in the future it'll be the money or it'll be the way to use in transacting money, paying bills etc. bitcoin has a big impact right now not only for adults but for some teenagers as young as they are right now and they can understand the concept of bitcoin they may be the one of the factor that bitcoin may be govern the world in the future.

jcemos9bt

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WayMaker Miracle Worker

yes bitcoin can govern the whole world as far as the government and it people know how to work with the system, by now you can see the way countries and it people are embracing bitcoin now because if you reject it before one year you will bite your hand sorry for yourself, so bitcoin can govern the whole world.

svetochka.yakovleva.93

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I would like to weigh all the pros and cons of the crypto currency and, in particular, bitcoin itself. having studied a large amount of information and traced the stock exchanges, it became obvious that the advantages of crypto currency as such are not

thesmallgod

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technically you are saying bitcoin will take over and succeed paper money. I think this will not happen. as we speak there are still millions of people who do not even know what bitcoin is not to talk of other people that do not want to be involved. the rate at which some countries have reacted badly which result in banning of the coin is an indication that bitcoin will not be globally acceptable. the government want something they can have control over. something that will offer mutual relationship and not bitcoin

apolonio

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Quote from: arthur25 on January 16, 2018, 01:56:31 AM

Nowadays bitcoin reach other countries and it is use in some transactions and very helpful in some country's economic.
What you can say?
Can bitcoin govern the world of business market, govern the world of every payments as it is moving to make it the future money.?

Well i like the way that bitcoin is very helpful in having transactions because it make the transaction easy and fast. But bitcoin cant govern the whole world, some countries are banning bitcoins because it is use for illegal transactions. And also the amount or the quantity of bitcoin is very little to be use by all people in different countries. So it is more easy to have fiat money.

davison2

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I would say no, Bitcoin cannot govern the whole world. The reason is because irrespective of the general adoption, there are still countries that bans the use of bitcoin for one reason or the other, so if bitcoin cannot be applied in some countries of "the world", then bitcoin cannot govern the whole world.

aleksej.rozhkov

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Well so far for now I dont think so because bitcoin is not yet legal in all countries.Its because some government are against bitcoin because they say that it is illegal.However if bitcoin will continue to grow there will be a possibility that it can govern the whole world but I think it will take a couple of years to happen.

gandhe83

member

Activity: 266

Merit: 10

In the future bitcoin will govern the world, that is certain.
Because the benefits of bitcoin bring us as:
Low cost, efficiency: anywhere and any time your transaction is immediately completed. High security, transparency and control are at your fingertips.

Black Angel

sr. member

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When the number of users continues to increase there is no need to doubt that bitcoin will control the world economy, the current transactions are more than $ 20 billion per day and that's greater than the third country's foreign exchange.

KesoNie

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Quote from: Snappycoco on May 05, 2018, 07:11:56 AM

Quote from: arthur25 on January 16, 2018, 01:56:31 AM

Nowadays bitcoin reach other countries and it is use in some transactions and very helpful in some country's economic.
What you can say?
Can bitcoin govern the world of business market, govern the world of every payments as it is moving to make it the future money.?

There is a chance but I think not that high because of some country prohibiting the use of Bitcoin. But for me it is a Yes knowing that bitcoin currency is slowly accepted and used.

Yes there is a possibility but as of this time we cannot tell if it would gonna happen or it wouldn't happen. It would only base on this two possibilities but since bitcoin today is not yet approved and used by many countries so it is far to imagine that it could be happen, but of course I am always looking forward for this possibilities.

Bruce1614

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it is conceivable, the digital forms of money keep on dominating the market, making its own particular structure, the issue is that there are numerous laws, numerous administrations against thus that it can enter the financial model in a lawful and authority way it would need to yield before a few principles and executes and already made, likely work as a parallel cash regardless of whether this causes an opposition with the dollar and euro. We'll see what readies the future for bitcoin

Snappycoco

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Quote from: arthur25 on January 16, 2018, 01:56:31 AM

Nowadays bitcoin reach other countries and it is use in some transactions and very helpful in some country's economic.
What you can say?
Can bitcoin govern the world of business market, govern the world of every payments as it is moving to make it the future money.?

There is a chance but I think not that high because of some country prohibiting the use of Bitcoin. But for me it is a Yes knowing that bitcoin currency is slowly accepted and used.

youdacapt

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Quote from: Yatsan on May 05, 2018, 06:43:34 AM

Quote from: arthur25 on January 16, 2018, 01:56:31 AM

Nowadays bitcoin reach other countries and it is use in some transactions and very helpful in some country's economic.
What you can say?
Can bitcoin govern the world of business market, govern the world of every payments as it is moving to make it the future money.?

I can't see bitcoin governing the world since less than 50% of the population uses it or maybe less 30%. Aside the bitcoin is limited and even its price would hit 50K US dollars that wouldn't be enough for the billions of users. The banking system around the world are pretty similar to each other and cannot handle a virtual money with no assurance and backed up by nothing.

because bitcoin can not implement clear policy and prevention, they have to wait for consensus and it can not run effectively and quickly. then no one can control any transaction from its users, then this will be a big problem in the future, the solution is to keep the fixed fiat at the top and bitcoin position only focus on the crypto market. all things based on freedom that can not be intervened in the business will cause great greed and the potential for increased active crime.

jayarbillones

newbie

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Bitcoin have great impact globally. People want to change the sick of old traditional banking system,With the current BItcoin and exchangers situations, hacking, delay in confirmations, high fees etc, it always attracts many investors, businessmen and traders around the world. It could be yes, a digital money in the future .

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