Can it be possible for the whole wide world use a single currency? - page 17.

ymirymir

full member

Activity: 462

Merit: 100

Quote from: Zhagedu on April 28, 2018, 08:37:33 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?

I think it is possible but it would take too long. As for me, it will happen in a generation where all people are depending and have enough knowledge on how to access the internet. Through that, we will have a change to have a single digital currency than would make things easier and more convenient.

bobo012

sr. member

Activity: 714

Merit: 257

Quote from: Zhagedu on April 28, 2018, 08:37:33 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?

I can see it but not yet. One crypto to be the universal payment currency. I mean why not, but not anytime soon at least.
It is certainly better that to change fiat money wherever you go...

BitcoinTurk

hero member

Activity: 1624

Merit: 624

Quote from: Zhagedu on April 28, 2018, 08:37:33 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?

Whatever it is, absolutely no! Using a single currency type will cause many economic problems to arise. Trade done on the world will fall and many countries will suffer economic collapse. For that reason, not all countries can use a single currency or crypto money type. In case of use, all people will face very serious financial problems.

mrtryonebiggums

full member

Activity: 322

Merit: 111

Revolutionized Rotating Savings & Borrowings

Quote from: tienigarazz on April 28, 2018, 10:05:07 AM

Bitcoin as a single currency will be a good idea. It can bring bad effect and can also bring good effect.
But doing that, will not be so easy. Because some country are not satified in bitcoin, because of its quality, of being volatile. It can bring big change in our economy. It is a long process, lets just wait and see, for now lets all enjoy bitcoin and support it.

You wrote a lot of text, but said pretty much nothing. Bitcoin as a single currency is an awful idea. It would collapse economies all around the world, there would be nothing to measure it against, and not to mention not everybody would have access. That would fragment the world wide markets and for that reason it can't happen. Alternative it will be, like gold is to fiat and we should all accept this. Doesn't mean though that Bitcoin can't one day reach a 6 or 7 figure price line.

tienigarazz

full member

Activity: 253

Merit: 100

Bitcoin as a single currency will be a good idea. It can bring bad effect and can also bring good effect.
But doing that, will not be so easy. Because some country are not satified in bitcoin, because of its quality, of being volatile. It can bring big change in our economy. It is a long process, lets just wait and see, for now lets all enjoy bitcoin and support it.

Daniel91

legendary

Activity: 3374

Merit: 1824

Quote from: Zhagedu on April 28, 2018, 08:37:33 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?

I really don't think that bitcoin can become main global currency, replacement for other currencies.
You see, if you pay for some service with fiat money, and somebody deceive you, you can complain to the authorities and you will receive your refund eventually.
With bitcoin, you can't find out real owner of btc wallet and can't complain to the authorities and request refund.
Because of it, banks or financial institutions will never accept bitcoin for their business.
Bitcoin have future only as alternative to the traditional money.

cmacwiz

sr. member

Activity: 704

Merit: 270

Quote from: Zhagedu on April 28, 2018, 08:37:33 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?

As a matter of fact bitcoin is being used globally and is a currency as well so there isn't any other currency required for that use. But the only problem with bitcoin for governments is that they can't control bitcoin due to its decentralized nature and it's a pretty big deal for them.

ismelda_ita

full member

Activity: 369

Merit: 106

Quote from: Zhagedu on April 28, 2018, 08:37:33 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?

cryptocurrencies such as bitcoin and ethereum are the most suitable global currencies used in transactions. so we do not have to bother to go to the money changer when we are abroad. but unfortunately, some countries refuse to make transactions using cryptocurrency, whereas using cryptocurrency is efficient, safe and easy.

pey

sr. member

Activity: 546

Merit: 251

Free Crypto in Stake.com Telegram t.me/StakeCasino

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.

Zhagedu

newbie

Activity: 118

Merit: 0

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?

Topic: Can it be possible for the whole wide world use a single currency? - page 17. (Read 1239 times)