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Topic: What if all nations of the world started to use bitcoin - page 10. (Read 10123 times)

full member
Activity: 130
Merit: 250
yes .. gold and bitcoin are similar in appearance as being mined and being standards (valuable). block is nugget ...
maybe crypto is just try to go back to stable golden standard, the pretence was that crypto will equalize society members
the civilization is organized as a big pyramid, similar to a large ponzi scheme, where upper part is exploiting lower part
the god is trying to lay the pyramid down, as well as national barrel to tear down, to leave people to sneak out to divine universalism ..
but every liberation is dangerous, it can unleash various strange and devious forces ..
this fiat money is made from thin air and debts .... btc is made by algorithm ...
divine money can be generated only by activation of goodness with help of god .... so, god help us
hero member
Activity: 518
Merit: 500
then it will be a golden age for bitcoin the price will reach to the sky and every early investor will be a millionaire even with one bitcoin investment. The issues of blockchain will not be a problem as then major entities will involve to work for that technology and they will find out the solution.
Yes and bitcoin will become global currency in the world because of all of countries adopt bitcoin in their countries
the fiat currencies will be useless because of bitcoin,
 the peoples will have stable value if out their whealty in bitcoin because there are not inflation in bitcoin
and will many people consider bitcoin is new gold.
member
Activity: 112
Merit: 100
then it will be a golden age for bitcoin the price will reach to the sky and every early investor will be a millionaire even with one bitcoin investment. The issues of blockchain will not be a problem as then major entities will involve to work for that technology and they will find out the solution.

Yes, it will very well raise the price of bitcoin and give an opportunity to become millionaires to those who bought coins at the very beginning.
hero member
Activity: 2590
Merit: 644
What would be a beginning for a better world. The economy would be more stable and the price of BTC would be too. And it wouldn't  be easy for someone to steal money because the system would be way more safe. And everyone will know that there are only 21M btc to use, and this is a way for nobody to ''make'' more money.
to me i think that is the future of bitcoin. although it will take such long time as still only 1 % people of the world are using bitcoin but we can see that the users of bitcoin are continuously increasing.
The population of bitcoin users are now keep increasing, you are right that 1% of the people in the world or more use bitcoin as of now and it will continue to rise if we will just keep being active in this forum and any bitcoin community site and also keep promoting bitcoin until its popularity will be enough for bitcoin to stand alone and keep growing.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
If all the nations of the world started using Bitcoin I think the worldwide government will have no choce but to accept Bitcoin. By that time there will be issues if Bitcoin will be the universal currency or not. Also, the valie of Bitcoin might rise to mountain due to it's demand.
Why there's no choice? I guess that if the world started using bitcoin it's might be only for an alternate currency and not for the main currency unfortunately, though, not accepting bitcoin will not affecting the economy that much, or even don't affect at all.
If the government sees that bitcoin could be a threat for them, they simply refuse, that's it.
hero member
Activity: 1176
Merit: 509
If all the nations of the world started using Bitcoin I think the worldwide government will have no choce but to accept Bitcoin. By that time there will be issues if Bitcoin will be the universal currency or not. Also, the valie of Bitcoin might rise to mountain due to it's demand.
sr. member
Activity: 378
Merit: 250
What would be a beginning for a better world. The economy would be more stable and the price of BTC would be too. And it wouldn't  be easy for someone to steal money because the system would be way more safe. And everyone will know that there are only 21M btc to use, and this is a way for nobody to ''make'' more money.
to me i think that is the future of bitcoin. although it will take such long time as still only 1 % people of the world are using bitcoin but we can see that the users of bitcoin are continuously increasing.
sr. member
Activity: 734
Merit: 250
then it will be a golden age for bitcoin the price will reach to the sky and every early investor will be a millionaire even with one bitcoin investment. The issues of blockchain will not be a problem as then major entities will involve to work for that technology and they will find out the solution.
hero member
Activity: 896
Merit: 514
if all nation of the world start to use bitcoin then we can easily use for direct shopping and online shopping and bitcoin going to more advance currency in the future.
sr. member
Activity: 546
Merit: 257
if all the nations used bitcoin with our current system, I think we will be doomed, there will be a lot of unconfirmed transactions, many users will be dissapointed, and many users will eventually convert to altcoins that is better than the transaction of bitcoin. We need bigger blocks and quick confirmations. Maybe it will happen if a fork will be implemented, I mean after a fork is. Maybe a soft one, but not a hard one.
hero member
Activity: 924
Merit: 500
What will happened if every country started to use bitcoin. Is the current supply of bitcoin and blockchain capacity can handle every bitcoin user?

Thanks in advance.
If all nations will use bitcoin as their mide of payment if their government will accept it  wholeheartedly, it will surely the value of bitcoin will increase together with the demand of the bitcoin users.
sr. member
Activity: 938
Merit: 256
What will happened if every country started to use bitcoin. Is the current supply of bitcoin and blockchain capacity can handle every bitcoin user?

Thanks in advance.


I hope everyone is using bitcoin as a means of transaction and if it happens will be good for the growth of bitcoin,
but to realize it will take a long time.
legendary
Activity: 1190
Merit: 1000
Look ARROUND!
If everyone in the world used Bitcoin then I would think that the price of Bitcoin would get pretty high. With a huge amount of people trying to purchase the coin to purchase other things with it and receiving a discount on things just by using Bitcoin will cause the price to go up really high each day.
I would also think that the transaction speed would be improved because of the amount of people carrying and spending Bitcoin.
member
Activity: 107
Merit: 10
Bitcoin unionhead who's neglecting fiat :)
What would be a beginning for a better world. The economy would be more stable and the price of BTC would be too. And it wouldn't  be easy for someone to steal money because the system would be way more safe. And everyone will know that there are only 21M btc to use, and this is a way for nobody to ''make'' more money.
sr. member
Activity: 406
Merit: 250
https://gexcrypto.io
What will happened if every country started to use bitcoin. Is the current supply of bitcoin and blockchain capacity can handle every bitcoin user?

Thanks in advance.

I think it will cause very high amount of traffic for blockchain, and probably it will cause many issues, like getting so many transactions unconfirmed, and the transactions fees will increase as well.

That is exactly what is happening currently. To think that only a small portion of the world's population is using bitcoin for transactions, what more if the whole world uses bitcoin. I'm afraid that the current system that handles every transaction is very far from being capable of handling a massive number of transactions. This needs a lot of improvements and attention.
full member
Activity: 204
Merit: 100
Imagine that suddenly there are 200m transactions per second in the mempool, but wait that would mean 200m tx and every one of them should contain at least a few bucks worth of bitcoins, I think 50 years from now that'll become a reality. right now let us have 10-15 tx per second and fees reduced then we'll think about all the world using bitcoin.
full member
Activity: 130
Merit: 250
everything expands so far as it could go, cryptos will stay under slavery of fiats so long until the divine intervention delivers them from that slavery
when obama came to power he said: look people, i have to bail out banks so that you can have source of money for lending, i can not bail out you
only god can bail out the people, as almighty god is prohibited and banned by the science and religion to become born so we ought to create secular god
solution is too close to be seen, i was sailing as a ship's mate and we had radar with off-center option, that center is position for our secular god
crypto industry online is 2cents2%, we can't earn cryptos, we must buy cryptos to satisfy fiats owners, they will scam and scum us, we spam & slam
hero member
Activity: 672
Merit: 500
What will happened if every country started to use bitcoin. Is the current supply of bitcoin and blockchain capacity can handle every bitcoin user?

Thanks in advance.

I think it will cause very high amount of traffic for blockchain, and probably it will cause many issues, like getting so many transactions unconfirmed, and the transactions fees will increase as well.
legendary
Activity: 1652
Merit: 1000
if all nations in the world make stated use bitcoin i think the current supply will not enough to all of bitcoin users and the effect is the price of bitcoin will very expensive and i think the victim from these situations is the people who live on the third countries cannot use bitcoin because usually most of them is poor countries
legendary
Activity: 3430
Merit: 1934
Shuffle.com
What will happened if every country started to use bitcoin. Is the current supply of bitcoin and blockchain capacity can handle every bitcoin user?

Thanks in advance.

it is good, the bitcoin will increase the number of investore and the number of users. it will lead to the grow of bitcoin and it will be known in all countries it tends to be every store in the world will accept bitcoin as its payment.
It's not good because at the same time the network will be flooded with unconfirmed tx like what's happening recently. What more if everyone is using bitcoin we might reach millions of unconfirmed transactions.
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