News: Bitcoin won't be Global Currency - page 10.

eduvacation.net

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Quote from: SmileyLadd on June 06, 2018, 01:55:19 AM

I got caught up in this news last 6 hours ago, most of us participants are hoping that Bitcoin will someday become a Global Currency, why is that?

Any thoughts or opinions about this?

The reason that complicates bitcoin into global currency is a regulation. besides that, the pure bitcoin price movement is determined by the holder so no one can control the bitcoin. Two things that make the parties related to the global economy always reject the bitcoin to be a global currency. But it is also beneficial for bitcoin holders because they are free to do anything with their money in bitcoin form.

mahimonliner

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So many things to be done for establishing as global currency and it wount happen so early.
first blockchain technology needs to be established then there will be chance for bitcoin to establish as a global currency.

Olano

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I do not think that bitcoin will ever become a world currency. Most likely there will be a new convenient and simple crypto currency, which will replace bitcoin. Bitcoin has long been obsolete. He is popular only because he appeared first. By the way, Ripple could replace bitcoin in the future.

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Quote from: SmileyLadd on June 06, 2018, 01:55:19 AM

I got caught up in this news last 6 hours ago, most of us participants are hoping that Bitcoin will someday become a Global Currency, why is that?

Any thoughts or opinions about this?

It's not a news. It is just an idea. It's just a opinion which has been given by Ripple CEO. There are many people give their opinions every day. Many people predict the future.
Tomorrow you might hear that bitcoin will be global and the price will reach 1 million dollar.

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Quote from: SmileyLadd on June 06, 2018, 01:55:19 AM

I got caught up in this news last 6 hours ago, most of us participants are hoping that Bitcoin will someday become a Global Currency, why is that?

Any thoughts or opinions about this?

where is the link of the news ?
I heard weeks ago , CEO of twitter Jack Dorsey said that bitcoin will be a global currency in 5 years.
here is the link, https://www.theverge.com/2018/3/21/17147574/twitter-ceo-bitcoin-jack-dorsey-square-interview-currency-10-years
which one is true, let see in the future.

cizatext

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May be yes bitcoin will one day become the world universal currency, where bitcoin will be use to pay for goods and services across the globe and also bitcoin being recognized as the digital global currency and that will bring the total freedom to the entire world financial system. Bitcoin is going to carry out that task.

BelieveInBTC

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Using multiple currencies especially if you travel a lot is really inconvenient. It would be great to see a currency similar to gold which would be accepted in any shop all over the world. It will take years for Bitcoin to achieve it but many people actually want it. The only problem are politicans and banks which want to have a full control of money. Bitcoin can help us solve inflation and introduce deflation to our lives.

DUHOIxx

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Currently on many news sites talk a lot about bitcoin, good news is less but bad news many. we need to calm down, can not listen to such news sites, who does not calm then will lose bitcoin. In addition to business we need to have stance and patience.

Kakmakr

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The people who are saying that, has no clue what they are talking about. I have send Bitcoin to friends in 15 countries and I have bought products and services with Bitcoin in even more countries. Bitcoin is borderless and you can send it to anyone in the world, even if Bitcoin is banned in their country.

We do not have to ask permission to send bitcoins to someone, we teach them how it works and we send them bitcoins and viola! This is why this technology is so great, it is unstoppable. Cool

Washball

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Bitcoin is global, but not really the global currency we had in mind. And it will not become this global currency, it is hardly being used as a currency and certainly not worldwide yet. Although more and more merchants and corporations accept bitcoin lately. Issues like transaction fees and speed should also be fixed first.

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Quote from: Red-Apple on June 06, 2018, 02:19:56 AM

bitcoin already IS a global currency. in fact bitcoin is the ONLY currency that is global. everything else is either not a currency (like altcoins) or are limited to certain countries (fiat).

if you are thinking bitcoin to be used as the only currency and it replaces everything else then that is not happening.

Agreed.

1. Bitcoin is already a global currency.

2. Still, it's extremely high-minded to think it (or any other crypto) will eventually replace fiat because a huge portion of the world does not have access to computers, smart phones or the internet. It's fun to theorize this may one day happen but the people who do so are genuinely out of touch with the general condition of humanity.

Ar Rahman

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bitcoin will not be a global currency, but bitcoin is already widely used as a transaction tool for goods purchases or exchange of goods, only bitcoin has not received legality in the world as a global currency, but for now bitcoin is still a lot of fans for investment, and I'm sure although bitcoin will not be a global currency, bitcoin owners do not feel the loss, because they can still invest. Grin

ocid

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bitcoin will not be a global currency even though its existence can be inaugurated by all countries, as all nations fear that the local currency will be abandoned by the layers of society. until when bitcoin will not be entirely a global currency but only an alternative means of transactions around the world

Thefrolly

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And who said it? It doesn't matters if some guy creates FUD against bitcoin cause no single person or government organization controls it and saying things like Bitcoin wont be Global currency doesn't affects Bitcoin at all. It is going to be a global currency and there is nothing in the world stopping it from becoming one.

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Bitcoin already acts as one, but to be able to use it heavily in almost every day-to-day transaction, it must be controlled, or regulated in a sense that the government can alter its supply at will so as to help the economy stimulate. Fiat accomplishes all of those, though because of the ability of the government to alter its current supply, it's prone to hyperinflation and devaluation more than cryptocurrencies. Personally, I'd like to see people using bitcoins in a global scale even in the tiniest transaction, though that would be highly improbable even in the next decades to come.

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Quote from: SmileyLadd on June 06, 2018, 01:55:19 AM

I got caught up in this news last 6 hours ago, most of us participants are hoping that Bitcoin will someday become a Global Currency, why is that?

Any thoughts or opinions about this?

In my opinion, maybe it would not be happen it is because not all countries allow bitcoin to be in their market. Though technologies keep upgrading but other countries will not allow bitcoin to be legitimize.

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Quote from: SmileyLadd on June 06, 2018, 01:55:19 AM

I got caught up in this news last 6 hours ago, most of us participants are hoping that Bitcoin will someday become a Global Currency, why is that?

Bitcoin is already a Global Currency.I can order products outside of my continent with bitcoins.Exchange for goods and services with bitcoins and possibly do whatever I could do with my fiat with Bitcoins.I don't see how it is not a Global Currency.If you mean everyone would be using bitcoins instead of the fiat, it will never happen.

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Quote from: SmileyLadd on June 06, 2018, 01:55:19 AM

I got caught up in this news last 6 hours ago, most of us participants are hoping that Bitcoin will someday become a Global Currency, why is that?

Any thoughts or opinions about this?

Even if bitcoin has all characteristics of becoming the first global currency, I doubt it will ever happen in our lifetime. Because the nexus of our governments won't let it happen for their own benefit. So as a tech enthusiast or bitcoin lovers, it really doesn't matter how strongly we want it to happen. our government is here to control everything. They won't let go their controlling authority for such a decentralized currency. So majority of the bitcoin holders wish to let it happen but they hope very little about it!

xaker74

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Bitcoin will not become a global currency, at least in the form in which it is now, if will be a good hardfork and it becomes more convenient, it can be.

nioctiB#1

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Quote from: SmileyLadd on June 06, 2018, 01:55:19 AM

I got caught up in this news last 6 hours ago, most of us participants are hoping that Bitcoin will someday become a Global Currency, why is that?
Any thoughts or opinions about this?

It is already a global currency because anyone can freely use it but the real problem is the issue about the legality in countries and this is the reason why bitcoin is being prevented from reaching its mass adoption and be used as a medium of payment or as a currency. But I understand why some countries dont want it as a currency it is because of the volatility of it and it is hard to use a currency that is not stable. And I think it will never be stable because it is being traded and people are just into it because of the profit that they can get from investing in bitcoin.

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