I think it has no possibility ,because if that happen many holder of other coins well argue with that, and scamming will become more easy, and many people will make a way to avoid that just like what they have do when BTC value increase, they make other altcoin that more better than BTC such as bitcoin cash and more other cryptocurrency.
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Topic: Can it be possible for the whole wide world use a single currency? - page 11. (Read 1239 times)
May 08, 2018, 01:49:53 AM
May 08, 2018, 01:12:02 AM
I'm sure bitcoin must be able to dominate the world. all countries will use bitcoin as a legitimate transaction tool. but despite that. the world still will not be separated from paper money. because paper money can be made as a symbol or a sign of the country.
One of Bitcoin's main principles is that there are no borders it has to respect or abide by. It's one protocol that has no equal, and one that at the same time can't be stopped. It's pointless to focus on what paper money will be like by that time, we should only care about what matters for us, and that's slowly taking distance from dealing with fiat. Let countries have their paper money, we have Bitcoin, that's more than enough. In current times it requires only our smartphone to transact with others or buy our daily needs in stores. I could perfectly use Bitcoin as sole currency if it enjoyed more adoption and stability. Fiat is a mixture of state and corporation money, while Bitcoin is people's (everyone's) money.
There would be a day when bitcoins and fiat currency would be against one another in usage. Then their mutual combination can give relief to the mankind.
May 06, 2018, 12:24:06 PM
Technically crypto currencies, like bitcoin, is globally accepted but not one country has ownership or backing it up. You can say that crypto currencies could be a stock that people can exchange for other goods ir servixes or even currencies. Today, bitcoin is globally used but not all countries actually accept it. But i think a single currency per se isn't possible.
I think the only problem with bitcoin to the government is that they can not control the bitcoin because of its decentralized and it is a big deal for them. bitcoin being used globally and is a currency also so no other currencies required to use it.
May 06, 2018, 11:59:15 AM
It can't be possible. Because there are no boundary to entry in crypto world,many currencies are here in the market.How can you avoid others if you accept only one? Without that there are some others problem that it have no authority to control volatility,many country doesn't accept it in their country,many scammers and frauds ate usiing it to doing crime.
May 06, 2018, 11:25:11 AM
I think it is not possible and will never happen that we can use globally only one currency. Every country have its own right that are good for the people. That is why there are money changer to change the currency of other country on its own currency because you can not use other country currency to buy in your own location. Bitcoin can use only in the internet transaction not in real money.
May 06, 2018, 11:12:48 AM
Honestly, I think it is absolutely impossible because of the difference in the level of development and difference in the level of technological advancement in different Continents of the world. There are people in my country that will not accept U.S dollars for goods or services provided. They want what they know and understand. The amount of alternative coins in the Crypto world proves that people have started resisting the use of Bitcoin as the only digital currency
May 06, 2018, 11:02:37 AM
No currency issued by a country can be single currency to me but bitcoin fits that though countries still use their currencies, bitcoin is used by everyone.
I believe that bitcoin has been used globally as of the moment in most countries who accepted cryptocurrencies and if i were to choose then definitely i also prefer to use bitcoin. Less hassle and fast transactions most especially when am out in my own country.
May 06, 2018, 10:47:41 AM
Some countries are already using bitcoin in their transactions in paying bills and buying in online shopping and i think time will come that bitcoin will be legalized and considered currency but fiat money will stay together with bicoin.
May 06, 2018, 10:29:01 AM
No currency issued by a country can be single currency to me but bitcoin fits that though countries still use their currencies, bitcoin is used by everyone.
I believe that bitcoin has been used globally as of the moment in most countries who accepted cryptocurrencies and if i were to choose then definitely i also prefer to use bitcoin. Less hassle and fast transactions most especially when am out in my own country.
May 06, 2018, 10:14:04 AM
I think that if everyone in the world uses the same currency they are very good. But this is unlikely. Because a country will have its own currency, value and symbol for each country. The culture of each country is different to create its own identity. Currency too.
May 06, 2018, 09:29:21 AM
Dollars is accepted anywhere and small exchange store are scatter everywhere so I think there will be a time wherein BTC is accepted on every store if not there is a store whom you can connect to use your BTC purchase things around.
May 06, 2018, 06:40:41 AM
I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
It is possible kinda like how gold could be accepted anywhere globally. Dont expect it to be widely accepted though. I mean, bitcoin could potentially dominate transactions in the internet and the currency online could be considered as used globally. However, respective local fiat could still dominate day to day transaction
May 06, 2018, 06:24:17 AM
BTC is an excellent currency to become worldwide. At the moment, USD is a world currency and its price is based on oil production, which is heavily artificially overstated. the cost of BTC is also artificially overstated and revalued. And why can not it become a single legal currency?
May 06, 2018, 05:00:58 AM
it is very possible and possible if world currency can be based on euro, dollars, pound sterling. it is very possible that one currency can lead the rest which i think can be cryptocurrency. it is possible one globe one currency.
That is what we are already going toward that. Bitcoin can be consider as the single currency to be use by all the people of the world. i think that it will become more easy and comfortable for the people to use a single currency instead of using their different fiat currencies. May 06, 2018, 04:29:35 AM
Yes it is and it also written in the Bible that there will be one currency for the whole world. And when that time comes, it is indeed a sign that we are on end times. What ever things written inthe Bible it will come to pass.
May 06, 2018, 04:19:48 AM
The virtual currency is currently well appreciated for the future using the same money; many think that Bitcoin brings the most significant growth in the future but is now in the sixth place. World rankings, if you pass the currency, the Bitcoin currency will become popular.
May 06, 2018, 01:42:34 AM
I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
It is really accepted but you should consider the fact that not all countries is using it and even some prohibits the use of bitcoin. Some banks even ban bitcoin because of its volatility. May 06, 2018, 01:24:58 AM
In my opinion that is impossible to happen because every country have their own currency. Eventhough bitcoin can be accepted in all around the world but bitcoin only can use as alterlative currency. Every local currency are really important for the economy in every countries, so the government in every countries Will protect their currency.
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May 06, 2018, 12:25:26 AM
it might be happening in the future as we know that there are a country that has not stable in their economy and I think if all country has agreement to united in one large community of human, then maybe we can use one currency which can be used in all places. maybe in the future, we are going to see that what we watch in the movie like star trek will happen.
May 05, 2018, 11:14:51 AM
For me it is impossible. I think many countries will not agree to change their currency. The currencies of every country has a sentimental value. And its not good if we use only one currency.
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