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Topic: can bitcoin govern the whole world? - page 24. (Read 1995 times)

hero member
Activity: 1890
Merit: 831
January 16, 2018, 02:37:50 AM
#12
I do think that despite it being the first cryptocurrency to reach this enormous potential scale there are many things that are still unsolved.

It's high transaction fee and the slow network.

Many things are being done to solve it and adoption of segWit addresses is just a starting.

Before anything else it needs to solve all the issues. .. related to it...then only we could say that it can have a fair chance to regulate..the transactions universally.
newbie
Activity: 74
Merit: 0
January 16, 2018, 02:31:42 AM
#11
It seems for now bitcoin can't be applied in some countries because the regulations and financial policies in each country is different, so if forced should have the same vision and perspective.
newbie
Activity: 20
Merit: 0
January 16, 2018, 01:35:30 AM
#10
Hi, buddy..


i think can't
because,  if bitcoin govern whole the world .. He have to agreed with regulation system...
member
Activity: 392
Merit: 10
Spanish Translator
January 16, 2018, 01:27:21 AM
#9
Bitcoin is not useful for small payments and many transactions that you see in the real world. So no, maybe an auction but I don't think that tbh can conquer the world
member
Activity: 103
Merit: 10
“Revolutionizing Brokerage of Personal Data”
January 16, 2018, 01:16:51 AM
#8
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.?

Nope, There are still Places in the world that prefers fiat money or still lives the old way, Implementing Bitcoin as a new mode of payments will eventually give a hard time in poor places and people who cannot afford internet and smartphones.
newbie
Activity: 55
Merit: 0
January 16, 2018, 01:16:03 AM
#7
Are you kidding?  Bitcoin can't even govern itself... or at least the developers/miners/whoever can't.  Nobody seems to agree on anything.  As an example, the scaling debate has turned into a complete sh-+show.  Coins like OMG are coming along and trying to solve the scaling issue long before it becomes a problem.  If Bitcoin can't scale, or does so at such a slow rate how could it govern the world?  No way.
member
Activity: 139
Merit: 10
January 16, 2018, 01:14:45 AM
#6
I think it's hard 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 used in the business field in the future. It is perhaps and currency in each country is coexistence.
jr. member
Activity: 89
Merit: 1
January 16, 2018, 01:13:19 AM
#5
Are you serious on this?, clearly bitcoin is not a viable option right now. Even if it does the government will surely won't allow that to happen. We can see that countries are now making regulations on how crypto's should be used to their people.
member
Activity: 126
Merit: 16
January 16, 2018, 01:09:45 AM
#4
As far as I am concerned the government wouldn't allow it because it will only benefit most of us here using or investing in bitcoin. Because if you look at it how else are the poverty people, and those who don't know how to used bitcoin are going to pay their payment, and the worst what if there is no electricity or internet connect then how else are we going to pay or buy goods or services.
hero member
Activity: 1372
Merit: 503
January 16, 2018, 01:09:05 AM
#3
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.?

Reallistically, I think that bitcoin can make an impact on the whole world as a cashless payment system but it cannot stand alone unless of course that its bolatility and its price are fixed and remained costant. Howerver, even if it doesn’t then I think that it can still be that with a paper system or that currency hand in hand so that it might be implemented
newbie
Activity: 37
Merit: 0
January 16, 2018, 01:04:28 AM
#2
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.?
No, he is still outlawed and not accepted by any country. And its mechanisms so far do not allow spreading around the world, because different effects on the economy of a particular country. In general, while it's just fantastic.
newbie
Activity: 182
Merit: 0
January 16, 2018, 12:56:31 AM
#1
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.?
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