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

ymirymir

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Quote from: Zhagedu on April 28, 2018, 07:37:33 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

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Quote from: Zhagedu on April 28, 2018, 07:37:33 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

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Quote from: Zhagedu on April 28, 2018, 07:37:33 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

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Quote from: tienigarazz on April 28, 2018, 09:05:07 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

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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

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Quote from: Zhagedu on April 28, 2018, 07:37:33 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

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Quote from: Zhagedu on April 28, 2018, 07:37:33 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

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Quote from: Zhagedu on April 28, 2018, 07:37:33 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

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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

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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?

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