Topic: News: Bitcoin won't be Global Currency - page 9. (Read 1112 times)
Where is the link, or you just read it from unknown source? maybe some article from the ripple fans i guess. anyway when you post something here like some news you need to also post the references to be able for us to check it.
the one reason why the people want to make bitcoin as the global currencies, because if bitcoin become a global currencies automatically the price of bitcoin will rising up and the holder of bitcoin and the bitcoin investor will happy to hear this, they will get big profit if the price of bitcoin rising up
For me,once bitcoin becomes a global currency,it's price will be stable because the government will control its own fluctuation.And maybe by that time,i supposed there will be no fluctuations anymore since the government will make it centralized already. 
Bitcoin, the most widely traded electronic money, has much slower transactions. At the time of the interview, Bitcoin's average transaction time was 42 minutes, while the ripple only took about 4 seconds. With this downside, Bitcoin is hard to become a global currency
the one reason why the people want to make bitcoin as the global currencies, because if bitcoin become a global currencies automatically the price of bitcoin will rising up and the holder of bitcoin and the bitcoin investor will happy to hear this, they will get big profit if the price of bitcoin rising up
Bitcoin is not a comprehensive solution to solve all the problems that people often think of. Instead, you are looking at each ledger, each with different blockchains that will solve different problems.
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?
I think it is possible that Bitcoin gets global currency or at least a very accepted currecy for online transactions. Any thoughts or opinions about this?
OP, you are mistaking your point with something else; your definition and understanding of the term 'globally' is confusing. Bitcoin have indirectly become a global currency because almost everyone who knows about it, have been making use of it to make payments for goods and also pay for services. But one thing that you must understand clearly, is that, bitcoin can not be the ONLY currency been used by all the countries.
In my opinion, the potential of bitcoin to replaced fiat was always there. But due to the opposition of different groups, bankings, businessmen and even the government, the dream of crypto revolution maybe not gonna happen. Those factors greatly affect the future of btc, I think if all nations decided to embrace blockchain technology then there's no problem such this (regarding your question).
For your information,bitcoin is the global currency up to now.The people from various country inverse their money in bitcoin and use it as a global asset too.If the currency used in many countries in this world.It will be act as a global currency.We know up to now bitcoin is used as a currency in different countries,in which they are legal one.
everythink will be global someday. maybe legal ways maybe not but definitely global. deepweb isn't legal but i think global.
I don't know what do you mean exactly because bitcoin is already a global currency, it's already traded and accepted worldwide, maybe you mean mass-adopted because there is a lot of issue and obstacle for mass adoption.
Bitcoin originally created to become world wide currency, where you can spend bitcoin every where, imagine a transaction with single global currency, it will make the transaction between countries become really easy, it will create new business everywhere and for travelers it will be really easy to go abroad without need to exchange money
right
In my opinion, it’s unlikely to become a global currency. Think about it –on the internet, these virtual currencies perform most effectively within its country's borders. The real world economy is too complex and dynamic for bitcoin to function as a global currency. And how can we have a universal currency when there are countries banning bitcoin?
While of course bitcoin will not become a world currency, if only because many governments have banned it or until only see it as a currency. But the prospects are good in my opinion.
Based on of what I've read that It will be possible still be a global currency because we need just to endorse the value of bitcoin and with that they will see soon the importance of the bitcoin in the global currency and right now we should debate more about the good outcome of bitcoin in the currency and to avoid bad results of investing or making the bitcoin be part of the global currency.
While of course bitcoin will not become a world currency, if only because many governments have banned it or until only see it as a currency. But the prospects are good in my opinion.
The entrance to the bitcoin scene of the first state is likely to provoke a wave of adding cryptocurrency to its reserves by all the others. Countries that will be the first to adopt bitcoin will get the most benefit if the coin eventually becomes a global reserve currency. Unfortunately, it's likely to be the States with the strongest Executive powers — dictatorships like North Korea — and they'll be the fastest at accumulating bitcoins.
The big irony is that the US is currently one of the countries most open to its regulation on bitcoin, while China and Russia are the most hostile. The US risks significantly weakening its geopolitical position if bitcoin displaces the dollar as a global reserve currency. Back in the 1960s, Charles de Gaulle criticized the "exorbitant privileges" enjoyed by the United States thanks to the Bretton Woods agreement of 1944.
The big irony is that the US is currently one of the countries most open to its regulation on bitcoin, while China and Russia are the most hostile. The US risks significantly weakening its geopolitical position if bitcoin displaces the dollar as a global reserve currency. Back in the 1960s, Charles de Gaulle criticized the "exorbitant privileges" enjoyed by the United States thanks to the Bretton Woods agreement of 1944.
Bitcoin along with some altcoins are enjoying the title of being a global currency.
Bitcoin, Litecoin, Dash, Monero and Zcash are already being used for payments
for goods and services. Ok the likes of Dash, Monero and Zcash are used more
in the dark web but Bitcoin is global and becoming more and more adopted to
make it even more global because it is a universal currency.
Some interesting links
https://www.lifewire.com/big-sites-that-accept-bitcoin-payments-3485965
https://news.bitcoin.com/prague-subway-system-now-has-ten-new-bitcoin-atms/
For those who think Bitcoin or other decentralised crypto is going to be adopted
by all countries around the world thus making it global, I cannot see it happening,
at least my brain cannot work out how it would be possible, everything in world
finance would have to change IMO and governments would have to surrender all
control of their finances.
Bitcoin, Litecoin, Dash, Monero and Zcash are already being used for payments
for goods and services. Ok the likes of Dash, Monero and Zcash are used more
in the dark web but Bitcoin is global and becoming more and more adopted to
make it even more global because it is a universal currency.
Some interesting links
https://www.lifewire.com/big-sites-that-accept-bitcoin-payments-3485965
https://news.bitcoin.com/prague-subway-system-now-has-ten-new-bitcoin-atms/
For those who think Bitcoin or other decentralised crypto is going to be adopted
by all countries around the world thus making it global, I cannot see it happening,
at least my brain cannot work out how it would be possible, everything in world
finance would have to change IMO and governments would have to surrender all
control of their finances.
Bitcoin already globally digital currency. It is not the global currency like USD, And I am pretty sure that will not happen. But most of the people who involved in online earning, they know about bitcoin, So bitcoin is the worldwide digital currency. Like I am from Vietnam and You are from Indonesia, We both know about crypto. Suppose I am in your country and then I buy some goods and give you some BTC or eth, You will accept that. Isn't it? By this means bitcoin is the global currency to me.
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?
Any thoughts or opinions about this?
Bitcoin don't have to be officially recognized as global currency, as long as people use it worldwide already it makes bitcoin a worldwide currency.
I doubt that bitcoin will be adopted by every country worldwide, but this still doesn't mean that people can not pay with bitcoin worldwide.
So, to be exact, bitcoin - is a worldwide currency, but not used that much nowadays.
Jump to: