Topic: What happens if BitCoin becomes the world leading Money? (Read 1016 times)
I think it is a good payment method, but it will never be the most widely used currency
Well if half the people here are beggars already... those who hold most the btc would be kings, and the rest poor peasants begging for satoshis to feed their families.
I dont think that much peoples here would be kings, couse there are a few real big players in that game of BTC. i think the result would more be that in the end the biggest player wins the race and gets nearly all of the mining coins, and couse he has more of 50% then he controlls the whole system then. a bit like a coporation of the biggest banks today.
Well if half the people here are beggars already... those who hold most the btc would be kings, and the rest poor peasants begging for satoshis to feed their families.
at the moment not that much couse most services are not accepting it.
but if that change then the peoples start to use. and think about one point. all the old curencys are standing in front of a hyper inflation. its only a question of time. and when that starts bitcoin becomes a safer way to have the money safed in. the big question is what is with the internet, will it crash when the financial system crash or not. if yes then bitcoin is crashed with it. if not then bitcoin becomes a good way to store the money in in that time and that can be a point of no return then.
but if that change then the peoples start to use. and think about one point. all the old curencys are standing in front of a hyper inflation. its only a question of time. and when that starts bitcoin becomes a safer way to have the money safed in. the big question is what is with the internet, will it crash when the financial system crash or not. if yes then bitcoin is crashed with it. if not then bitcoin becomes a good way to store the money in in that time and that can be a point of no return then.
I don't see your point. You can't live with inflation? Everyone does. It helps investments ...
If you have only deflation why would people buy anything? They will just keep their currency and wait for years to become richer... They will not invest. They will not buy, go outside.
im not talking of inflation, i talk from hyper inflation thats a complet different thing. My Point is the finance System we have (Dollar,Euro,Yen,..) has a limited time to life. Mathematicaly in 45 years it cant work anymore couse then there are more interests of banks to pay then money available. So the question is not if the system crashes its only a question of the time until then.
You say deflation is bad, infaltion is good. I think both is not realy good. Hyper inflation is what we had in germany with the Reichsmark befohr DM was born. Peoples get there money from work and on there way to the shop it losts half of the amount. in short time poststamps for example costs not 0.50 anymore they increased and costs billions. thats a hyper inflation. and thats what easy can happen if the momentary situation gets out of control. i hope you get the point now
ceda what did the picture show?
60% of the world population doesn't use the USD, that is the leading currency.
Just to prove you wrong, i don't think that the OP has a point.
Just to prove you wrong, i don't think that the OP has a point.
But 100% of the world population can have access to USD, which is not the case with bitcoins.
Not to mention that OP wanted to say "the only remaining money used everywhere" not the "leading" one.
- two tomatoes please
- 0,00099999 BTC, we also have cucumbers for 0.09999999 FTC
- great...
- 0,00099999 BTC, we also have cucumbers for 0.09999999 FTC
- great...
No, Bitcoin advantage is in internet payments worldwide, no regulatory necessary, no chargebacks possible
that will never hapened.. maybe on Mars.. but no on Earth
at the moment not that much couse most services are not accepting it.
but if that change then the peoples start to use. and think about one point. all the old curencys are standing in front of a hyper inflation. its only a question of time. and when that starts bitcoin becomes a safer way to have the money safed in. the big question is what is with the internet, will it crash when the financial system crash or not. if yes then bitcoin is crashed with it. if not then bitcoin becomes a good way to store the money in in that time and that can be a point of no return then.
but if that change then the peoples start to use. and think about one point. all the old curencys are standing in front of a hyper inflation. its only a question of time. and when that starts bitcoin becomes a safer way to have the money safed in. the big question is what is with the internet, will it crash when the financial system crash or not. if yes then bitcoin is crashed with it. if not then bitcoin becomes a good way to store the money in in that time and that can be a point of no return then.
I don't see your point. You can't live with inflation? Everyone does. It helps investments ...
If you have only deflation why would people buy anything? They will just keep their currency and wait for years to become richer... They will not invest. They will not buy, go outside.
at the moment not that much couse most services are not accepting it.
but if that change then the peoples start to use. and think about one point. all the old curencys are standing in front of a hyper inflation. its only a question of time. and when that starts bitcoin becomes a safer way to have the money safed in. the big question is what is with the internet, will it crash when the financial system crash or not. if yes then bitcoin is crashed with it. if not then bitcoin becomes a good way to store the money in in that time and that can be a point of no return then.
but if that change then the peoples start to use. and think about one point. all the old curencys are standing in front of a hyper inflation. its only a question of time. and when that starts bitcoin becomes a safer way to have the money safed in. the big question is what is with the internet, will it crash when the financial system crash or not. if yes then bitcoin is crashed with it. if not then bitcoin becomes a good way to store the money in in that time and that can be a point of no return then.
- two tomatoes please
- 0,00099999 BTC, we also have cucumbers for 0.09999999 FTC
- great...
- 0,00099999 BTC, we also have cucumbers for 0.09999999 FTC
- great...
I can't see that happen in my lifetime, lol.
How many people are currently using btc?
- two tomatoes please
- 0,00099999 BTC, we also have cucumbers for 0.09999999 FTC
- great...
- 0,00099999 BTC, we also have cucumbers for 0.09999999 FTC
- great...
There is no world currency association, and the big problem is that this decisions usualy are made by the finance elite. They would profit on that. so for them it would be nice couse then they dont only lead the money more then ever they even would have the biggest private securtiy and military. So they would control the peoples much more directly then now. They dont realy have a reason not to go that step after the old money is crashed. it only brings them more power and power is what they want.
and back to the same amount of tax for everyone if that realy happens please give me a gun to kill myself.
and back to the same amount of tax for everyone if that realy happens please give me a gun to kill myself.
so you want everyone to pay the same tax amount? Someone who earns millions has to pay the same amount like a mother that cant work couse she must be there for her baby? poor mother 
and poor peoples that are looking for a job couse there are not enough jobs for everybody available.
and poor peoples that are looking for a job couse there are not enough jobs for everybody available.If you can't determine how much money earn anyone, you have to ask them the same amount of tax...
The World Currency Association wouldn't allow it, but if they did then all the original investors will profit big time. Note: the above is just my opinion, if you disagree, then disagree
I like the cryptocoins couse of the anonymity and the possibilititys they bring: no freezen Accounts and so on.
But i see a big danger in it too. If BitCoin becomes the world leading Money one day that would mean much trouble for nearly anyone.
First there would be no state tax possible anymore, and a state without tax is not there. So we wouldnt have Police for example. We would have an Anarchistik Order. In that order the richest would be the Warlords and most peoples have to look where to find something to eat. That sounds not good for me. So as long as the normal curencies work, a smal bitcoin for online buisness is nice. But if it gets to the place of the normal curencys we have the problem.
And the normal curencys will crash soon or later, the question is what happens then. Just a few thoughts to discuss.
But i see a big danger in it too. If BitCoin becomes the world leading Money one day that would mean much trouble for nearly anyone.
First there would be no state tax possible anymore, and a state without tax is not there. So we wouldnt have Police for example. We would have an Anarchistik Order. In that order the richest would be the Warlords and most peoples have to look where to find something to eat. That sounds not good for me. So as long as the normal curencies work, a smal bitcoin for online buisness is nice. But if it gets to the place of the normal curencys we have the problem.
And the normal curencys will crash soon or later, the question is what happens then. Just a few thoughts to discuss.
You can make flat yearly tax per citizen regardless of income
so you want everyone to pay the same tax amount? Someone who earns millions has to pay the same amount like a mother that cant work couse she must be there for her baby? poor mother
and poor peoples that are looking for a job couse there are not enough jobs for everybody available. 
I like the cryptocoins couse of the anonymity and the possibilititys they bring: no freezen Accounts and so on.
But i see a big danger in it too. If BitCoin becomes the world leading Money one day that would mean much trouble for nearly anyone.
First there would be no state tax possible anymore, and a state without tax is not there. So we wouldnt have Police for example. We would have an Anarchistik Order. In that order the richest would be the Warlords and most peoples have to look where to find something to eat. That sounds not good for me. So as long as the normal curencies work, a smal bitcoin for online buisness is nice. But if it gets to the place of the normal curencys we have the problem.
And the normal curencys will crash soon or later, the question is what happens then. Just a few thoughts to discuss.
But i see a big danger in it too. If BitCoin becomes the world leading Money one day that would mean much trouble for nearly anyone.
First there would be no state tax possible anymore, and a state without tax is not there. So we wouldnt have Police for example. We would have an Anarchistik Order. In that order the richest would be the Warlords and most peoples have to look where to find something to eat. That sounds not good for me. So as long as the normal curencies work, a smal bitcoin for online buisness is nice. But if it gets to the place of the normal curencys we have the problem.
And the normal curencys will crash soon or later, the question is what happens then. Just a few thoughts to discuss.
You can make flat yearly tax per citizen regardless of income
thats nice i like happy peoples 
I am introducing BTC to my friend who is sitting beside me.
Then we see your post.
I don't know what would happen to world.
But I do know that he is laughing till now after reading your post.
Then we see your post.
I don't know what would happen to world.
But I do know that he is laughing till now after reading your post.
so what do you think is holding it away from becoming the leading money in the internet enabled states?
It grows and grows, and at the point where more and more shops online and offline accept it. there is no way to stop it. its like a self running thing if it reaches the right size.
the zones of the world without internet get it more and more. so these 60% become less and less.
It grows and grows, and at the point where more and more shops online and offline accept it. there is no way to stop it. its like a self running thing if it reaches the right size.
the zones of the world without internet get it more and more. so these 60% become less and less.
60% of the world population doesn't use the USD, that is the leading currency.
Just to prove you wrong, i don't think that the OP has a point.
Just to prove you wrong, i don't think that the OP has a point.
But 100% of the world population can have access to USD, which is not the case with bitcoins.
Not to mention that OP wanted to say "the only remaining money used everywhere" not the "leading" one.
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