Could Bitcoin be the New King of Currency? - page 3.

Hazir

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Quote from: Daisy14 on April 21, 2016, 11:05:18 AM

Despite the fact that bitcoin is not backed by anything it has been growing for more than ten years now. I do not see the shortcomings he is talking about except that it's anonymous and that depends on which side of the fence you are.

It is not that bitcoin is not backed by anything. Bitcoins have value because they are useful and because they are scarce.
And Blockchain as the backbone of bitcoin network could be used as ultimate and the best ledger on our planet which alone is very valuable.

thend1949

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I think bitcoin is ahead in currency because this crypto currency are have many ways to get earn but the problem in this coin is theres no physical appearance so i dont think that this crypto coin be a new king of crypto currency

eternalgloom

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Quote from: el kaka22 on April 27, 2016, 12:52:55 PM

Quote from: AsaroUk on April 25, 2016, 09:54:29 AM

That is only possible if Bitcoin is going to be more used and also more worth otherwise it will have still haters and many people are going to use their own money.
But the chance is high that it can be the most used payment method also and that would be nice.

Yes, there are high chances for the bitcoin that it becomes a king of currencies and it will have the more users than any other currency, as the adoption rate of bitcoin is now going to be much faster which is its guarantee.

There is no way of knowing that there's a high chance that Bitcoin will become a major currency, I'd say it's pretty unlikely since it's just too complicated for the average joe to understand.

DashCoinDark

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Quote from: upsidedown75 on April 26, 2016, 12:18:05 PM

Quote from: AsaroUk on April 25, 2016, 09:54:29 AM

That is only possible if Bitcoin is going to be more used and also more worth otherwise it will have still haters and many people are going to use their own money.
But the chance is high that it can be the most used payment method also and that would be nice.

Bitcoin is still more worth and it do not have haters, everyone love to bitcoin and everyone is happy with its benefits, everyone is earning a good profit with this currency and it is going to be the king of all other currencies.

It is only possible if Bitcoin is getting more used otherwise it would be not possible because there are still a lot of people that doesnt even know what Bitcoin is.
So we have to change that and promote Bitcoin more so it will be more used and that would be nice for the currency itself.

vero

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Bitcoin is the king than all coins cryptocurrency we can't look bitcoin standing side by side with fiat money.

rickadone

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Quote from: Betwrong on April 27, 2016, 07:47:42 AM

Quote from: Shibashi Dogemoto on April 26, 2016, 02:08:44 PM

It can never be a king of currency, stop dreaming, the users of bitcoin are less then 10% across the globe, how can you expect that it will reach to 100% in coming years.

Actually I think it's even less than 10% across the glob. However it says nothing about the future of Bitcoin. The speed of adoption is unpredictable so it's pretty possible it will reach 90% in the near future.

Yes the near future is the future of bitcoin and at that time biotin will have the power of currency and its usage will cross 90% and it will be the king of all other currencies which we will call as the global currency.

arwin100

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Quote from: bittrojan on April 27, 2016, 08:43:59 PM

Quote from: pecuniavalida on April 21, 2016, 10:40:13 AM

A lot of economic instability has lead people to believe that hoarding cash is a smart way to protect themselves financially. Earlier this year a bunch of headlines touted that "Cash is King". How can this be true when the government is working towards a cashless society? According to an article written earlier this year, government officials are actively trying to ban cash. Apparently they're trying to stop depositors from being able to withdraw any cash so that everything is done digitally. For the most part, this plan has been in motion for a long time. I think this is why a lot of people have started preferring digital currency, such as Bitcoin, to fiat currency.

However, what I find interesting about this article is that the author suggests having a crypto-currency backed by gold "to solve some of the shortcomings and vulnerabilities of Bitcoin." Would this alternative crypto-currency be more stable than Bitcoin? Or would Bitcoin be more stable since it isn't backed by anything?

king of currency is not exist,so far dollar become the most popular,but i never called it as a king,i think good currency is need by each countries,and its diffeerent in almost each cuntries,and bitcoin will not become king of currency because bitcoin have limited access.

The king of curriency is still dollars as you can see it right now dollars is used to all of people as currency in world wide web and many people use it as their part of daily transaction online and america is the most powerfull country holding it. And i dont think bitcoin will surpass its fame and get the record of being king of all curriency bitcoin has many things to be proved yet and it needs for now acceptance to leading stores.

bittrojan

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Quote from: pecuniavalida on April 21, 2016, 10:40:13 AM

A lot of economic instability has lead people to believe that hoarding cash is a smart way to protect themselves financially. Earlier this year a bunch of headlines touted that "Cash is King". How can this be true when the government is working towards a cashless society? According to an article written earlier this year, government officials are actively trying to ban cash. Apparently they're trying to stop depositors from being able to withdraw any cash so that everything is done digitally. For the most part, this plan has been in motion for a long time. I think this is why a lot of people have started preferring digital currency, such as Bitcoin, to fiat currency.

However, what I find interesting about this article is that the author suggests having a crypto-currency backed by gold "to solve some of the shortcomings and vulnerabilities of Bitcoin." Would this alternative crypto-currency be more stable than Bitcoin? Or would Bitcoin be more stable since it isn't backed by anything?

king of currency is not exist,so far dollar become the most popular,but i never called it as a king,i think good currency is need by each countries,and its diffeerent in almost each cuntries,and bitcoin will not become king of currency because bitcoin have limited access.

Blackmet

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Actualy bitcoin now is the king of crypto currency, but golbaly bitcoin is so small and unknown. I can't really belive that bitcoin can be a "king of currency".

el kaka22

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Quote from: AsaroUk on April 25, 2016, 09:54:29 AM

That is only possible if Bitcoin is going to be more used and also more worth otherwise it will have still haters and many people are going to use their own money.
But the chance is high that it can be the most used payment method also and that would be nice.

Yes, there are high chances for the bitcoin that it becomes a king of currencies and it will have the more users than any other currency, as the adoption rate of bitcoin is now going to be much faster which is its guarantee.

Betwrong

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Quote from: Shibashi Dogemoto on April 26, 2016, 02:08:44 PM

It can never be a king of currency, stop dreaming, the users of bitcoin are less then 10% across the globe, how can you expect that it will reach to 100% in coming years.

Actually I think it's even less than 10% across the glob. However it says nothing about the future of Bitcoin. The speed of adoption is unpredictable so it's pretty possible it will reach 90% in the near future.

arwin100

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Quote from: MingLee on April 26, 2016, 07:12:08 PM

Quote from: sishendaoye on April 26, 2016, 06:29:55 PM

No the bitcoin can not become this, there are just too many currency's that are way bigger than the bitcoin itself.
I think banks will try to stop this and they will succeed with a replacement of the bitcoin with another coin that is made by banks...

Bitcoin can hypothetically become the king of currency due to it's relative ease of use and it's ability to be simply transferred all over the world, but I agree with your statement about other, bigger currencies being able to snuff out the potential for Bitcoin to be anywhere close to receiving such a title.

Banks have already tried to develop alts for Bitcoin, and so far they have all been fairly poor and half-assed attempts at accomplishing something.

I dont really agree with your thoughs their bitcoin can never be the king of all curriencies because first of all it has no country originated and it has no law of government holding to i. And i think i will agree if somebody called it the king of all altcoins or crypto coins because it is no.1 of all in alt category. But to rename itself as king of all no i doubt It. And i dont see banks making their own alts i think bank dont bother to do it because they have their own strategy to gain money.

MingLee

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Quote from: sishendaoye on April 26, 2016, 06:29:55 PM

No the bitcoin can not become this, there are just too many currency's that are way bigger than the bitcoin itself.
I think banks will try to stop this and they will succeed with a replacement of the bitcoin with another coin that is made by banks...

Bitcoin can hypothetically become the king of currency due to it's relative ease of use and it's ability to be simply transferred all over the world, but I agree with your statement about other, bigger currencies being able to snuff out the potential for Bitcoin to be anywhere close to receiving such a title.

Banks have already tried to develop alts for Bitcoin, and so far they have all been fairly poor and half-assed attempts at accomplishing something.

sishendaoye

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No the bitcoin can not become this, there are just too many currency's that are way bigger than the bitcoin itself.
I think banks will try to stop this and they will succeed with a replacement of the bitcoin with another coin that is made by banks...

Shibashi Dogemoto

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It can never be a king of currency, stop dreaming, the users of bitcoin are less then 10% across the globe, how can you expect that it will reach to 100% in coming years.

Pab

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There was some alts backed by gold,already disappear,there was alt backed by amber,i think desnt exist anymore,bitcoin is backed by bitcoin,by internet,still people knowledge about bitcoin is very little
hope it will change in near future

BellaBitBit

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Quote from: Herbert2020 on April 23, 2016, 04:43:17 AM

it is already the king of currencies, bitcoin is being used all over the world by every people with different nationalities equally that is already a lot more than any other currencies could achieve ever.
besides there is always a lot of good benefits of using bitcoin that you can not overlook.

I agree that it already is. It is global and when it picks up users it will quickly become the true king.

Kartikay

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If bitcoin will get proper support from governments of various nations then it will surely be the New King of Currency but gold and bitcoin exchange makes no sense. Are we really moving backward in history? In past Kings used to issue gold coins. I think bitcoin should be remain in the way as it is now. Government should only encourage its use and let everything remain same.

upsidedown75

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Quote from: AsaroUk on April 25, 2016, 09:54:29 AM

That is only possible if Bitcoin is going to be more used and also more worth otherwise it will have still haters and many people are going to use their own money.
But the chance is high that it can be the most used payment method also and that would be nice.

Bitcoin is still more worth and it do not have haters, everyone love to bitcoin and everyone is happy with its benefits, everyone is earning a good profit with this currency and it is going to be the king of all other currencies.

RodeoX

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The revolution will be monetized!

I think a crypto-coin backed by gold is a stupid idea. This scam has been tried many times as "paper gold". The problem is that you buy gold and get paper. Why the hell would I do such a stupid thing?

If I'm spending the money to get a gold backed coin then I want an actual gold coin. I want to know "where is the gold, who has it, how can redeem my coins?" What if the business says "well, I think we'll just keep the gold". It's a ridiculous deal. And for what? So your private keys are backed by shinny rocks? What is gold backed by?

Topic: Could Bitcoin be the New King of Currency? - page 3. (Read 3605 times)