can bitcoin govern the whole world? - page 22.

Aveatrex

sr. member

Activity: 840

Merit: 375

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.?

It's hard/impossible.As we all know,you don't pay taxes with cryptocurrency.Governments can't survive without people paying taxes.
In short,cryptocurrency can't be widespreaded worldwide unless somehow governments can start collecting taxes through cryptocurrency which would kill the concept of cryptocurrency being decentralized and not centralized.
That's the reason why governments fear Cryptos and are banning it.

joan26

member

Activity: 168

Merit: 10

Blockchain, bitcoin, and new innovations from the fintech sector are showing that they can improve the status quo, but also advance the concept of digital currency, making it a real contender to replace fiat money. This is putting the world’s governments in an awkward position.

Nkan25

newbie

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Bitcoin being decentarlized and only an asset can't govern, enforce, or create laws. Now if you are talking about Artificial Intelligence, that my be different.

Chaser35

newbie

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Bitcoin can control the whole world is a very different question but yes I do not know if I should have ridiculed it but I think yes because Bitcoin can get control over the whole world because it may be able to replace credit cards in the near future.

Washball

full member

Activity: 266

Merit: 151

First crypto index traded as a token!

Bitcoin is still just a small part of the world's financial market and is only used as a currency in Japan. There some merchants who accept bitcoin as payment, but there are still issues to be resolved, like faster and cheaper transactions. So, it will take years and years before bitcoin is used as currency in more countries.

Fawad Escobar

newbie

Activity: 151

Merit: 0

No
it can not govern the whole world
yes it can be one of the most expensive assets in the whole world soon. But it will crash down also bubble burst or correction whatever u say Tongue

But for sure Blockchain technology will rule the world soon.

2Godbdglory

newbie

Activity: 112

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NO, IT CANNOT BECAUSE BITCOIN DEALS WITH INTERNET WHEREVER THERE IS NO INTERNET IT WILL NOT BE POSSIBLE BECAUSE INTERNET IS THE POSSIBILITY. SOME GOVERNMENT ARE NOT IN SUPPORT OF BITCOIN THERFORE IT WILL NOT BE POSSIBLE.

brengoskandel

member

Activity: 210

Merit: 10

the answer will never be, despite the bitcoin vision to become the world's currency.
and not all countries accept the presence of bitcoin, many countries are banning the circulation of bitcoin, if in saying bitcoin will set the whole world, it is impossible
besides the amount of bitcoin is limited, there are only 21 million. is it possible 21 million is shared for the whole world?

blockchainwriters

member

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Merit: 15

Bitcoin is People currency with peer to peer cash as per satoshi white paper and purely decentralized so taking bitcoin as explain it will change the way democracy should be ruled

Saiful Islam777

newbie

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It is very difficult. It would be strange if you think that Bitcoin will use the world one day. However, it is true that nonetheless, if the government is tolerant about this, it is possible to do it easily. I want Bitcoin one day to spread around the world but it must work harder and make everyone acceptable.

rtm125

member

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Of course bitcoin can topple paper money and lead, that even pensioners will walk in shops with card with bitcoins. Wink

Blackrain13

jr. member

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I think bitcoin can't govern the whole world. First of all bitcoin is decentralized digital currency which means free from government. Bitcoin are global currency,wherever country you are,you can use and invest in bitcoin but it doesn't mean that it will rule and govern the whole world. Government will not allow it for sure. They are now put some rules and start regulating bitcoin. Bitcoin is just basically created for investment and other payments method.

Vektrum

member

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At this time, bitcoin can not even fully perform the function of payment means, that is, used as virtual digital money. Therefore, what kind of global financial domination can we talk about? However, even if he eliminates his shortcomings, the states will not allow him as a poorly controlled coin to be in a more privileged position than their national money. While this is fiction and utopia.

brokens

sr. member

Activity: 728

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Bitcoin will be the currency that every country will use and we can see Bitcoin can help in some country's economic.
i think in the future Bitcoin will be increasingly in use by people and that's why Bitcoin has a good future from year to year.

Wahyu aep

newbie

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it is very difficult to break through the governments of these countries. The banking industry will also stop bitcoin. Perhaps with the development and expansion of the encrypted currency community, bitcoin will be more widely used in business in the future. This is possible and the currency in each country.

mOgliE

legendary

Activity: 1344

Merit: 1251

Hi,

It.. is impossible, I think, to only use bitcoin. At least for the moment, because to be able to use bitcoin, you must have access to a computer and Internet. And this is far from being easy for everyone, even in the wealthy countries.

But indeed, the aim of bitcoin is to allow people to use a currency that cannot be controlled by any entity because it is possessed by many people and that the whole community has access to all transactions and can check everything.

As the use and power of bitcoin grows, we will see changes in our society! Cheesy

Hexcolyte

full member

Activity: 490

Merit: 102

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.?

Yes and no. Maybe not Bitcoin, since right now it's supply is highly concentrated. To become future money, which governed by the government, it should at least be distributed fairly. Even if government approve the idea of Bitcoin and wanna implement it, it is basically impossible to just use Bitcoin as their "money", simply because it is almost impossible to gdistribute Bitcoin to all citizens fairly.

Generalbablita

newbie

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Could be a big factor, YES but the word govern holds a lot more meaning.

00DKM@

member

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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.?

I think it will take a long time to do this, bitcoin dominates the world, in the future, bitcoin will replace cash is very difficult. Governments must create applications to meet the needs of consumers. Convenience in payment, transaction. And the special thing is fixed bitcoin prices, so new bitcoin can replace cash. If the price of bitcoin fluctuates, no one will dare to hold the bitcoin for a long time.

luigidosado

full member

Activity: 196

Merit: 100

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.?

This thing might possibly happen specially nowadays that bitcoin is continuously leveling up and still expanding, reaching everybody in every country. But there are some other factors to be considered in order for it to happen. As long as governments still do not consider bitcoin's technology, it will be very impossible to happen. But bitcoin's volatile price will make it also impossible. What I really think is possible that, bitcoin will create its own world market for all cryptocurrency users.

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