It will never happen, forget about it.
Bitcoin can't be regulated by the governments and it's only alternative, virtual currency.
In the world, people have possibility to use many different currencies, and each currency have certain purpose or role.
You will receive salary in local currency and spend it for mortgage, daily expenses etc.
If you go abroad, you will need international currency as US dollar, Euro, Swiss Franks etc.
Bitcoin will always remain alternative way for online and offline payments, decentralized and without government or bank control.
Topic: What if all nations of the world started to use bitcoin - page 13. (Read 10123 times)
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.
Thanks in advance.
Adoption will not happen overnight. Definitely Bitcoin will adapt whenever there is some need on improvement, it may take some time due to the need of consensus but eventually it will upgrade. About the supply of bitcoin, definitely it can handle every bitcoin user. It is only a code if there is a need to divide satoshi then it can be done by the developer. Though one thing for sure Bitcoin price will really go up.
If all the nations in the world start using bitcoins then there will be no government or banks at all .
Well this is never gonna happen as government will never want to lose their power over their people.
Well this is never gonna happen as government will never want to lose their power over their people.
Thanks for the response guys so therefore we can conclude that Bitcoin can handle even the whole number of people of the world use bitcoin. And the price of Bitcoin will either increase or decrease?
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 this would happen there are many possibilities and things may happen.One is bitcoin price will decrease due to increase in supply and small demand on buying.Second is bitcoin will be one of the fiat or real currency in the world if all countries will adopt and use bit coinsThanks in advance.
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 this would happen there are many possibilities and things may happen.One is bitcoin price will decrease due to increase in supply and small demand on buying.Second is bitcoin will be one of the fiat or real currency in the world if all countries will adopt and use bit coins Thanks in advance.
if every country started to use bitcoin, be sure the current price won't be the same, as well the trading volume 
I think most of the countries have already started using Bitcoins. You only need the internet to use Bitcoin, that's all. Even if you don't have a local exchange, you can always buy stuff over the internet and get them shipped to your country.
For now, I think developers should find a way to make transactions faster.
We are not even in the 20% of the world's population and yet the traffic at the transactions is so heavy. What more if you put the whole world into using it. That would chaos and they wont agree with that kind of service. I am thinking more about all the bitcoin have been mined and that is where the start of project developments.
We are not even in the 20% of the world's population and yet the traffic at the transactions is so heavy. What more if you put the whole world into using it. That would chaos and they wont agree with that kind of service. I am thinking more about all the bitcoin have been mined and that is where the start of project developments.
if every country started to use bitcoin, be sure the current price won't be the same, as well the trading volume
Obviously, Bitcoin's price would skyrocket 
But since nobody knows who the hell Satoshi Nakamoto is and how many bitcoins he holds, no country will acknowledge bitcoin officially. Countries have their centralized FIAT currency so they can have control over their currencies by the central banks.
They won't sign up for any shit which they won't be able to control.
But since nobody knows who the hell Satoshi Nakamoto is and how many bitcoins he holds, no country will acknowledge bitcoin officially. Countries have their centralized FIAT currency so they can have control over their currencies by the central banks.
They won't sign up for any shit which they won't be able to control.
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.
Thanks in advance.
If all countries in the world started to use bitcoin then the problem on supply will be covered up by the increasing value. And the problem on mining capacity will no longer be a problem since bitcoin mining farms will appear throughout the world and in large numbers thus even if the blocksize is small it will be compensated by the number of miners and their hashpower.
I agree with you. If all nations take bitcoin, then the price will be much higher. At the disposal of each person there will be only a few satoshs. And who will have the whole bitcoin, they will become real rich people
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.
Thanks in advance.
If all countries in the world started to use bitcoin then the problem on supply will be covered up by the increasing value. And the problem on mining capacity will no longer be a problem since bitcoin mining farms will appear throughout the world and in large numbers thus even if the blocksize is small it will be compensated by the number of miners and their hashpower.
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.
Thanks in advance.
If all countries in the world started to use bitcoin then the problem on supply will be covered up by the increasing value. And the problem on mining capacity will no longer be a problem since bitcoin mining farms will appear throughout the world and in large numbers thus even if the blocksize is small it will be compensated by the number of miners and their hashpower.
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 every countries starts use bitcoin will be impact on price of bitcoin goes up and there are other problem as you said block size, but if all of countries use bitcoin all of comunity bitcoin will make solution for this problem, they will not debate any more like now. They will be focus search the solution together, actually I am waiting this moment all of countries adopt bitcoin. Thanks in advance.
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.
This of course will make bitcoin price increases. we can see the movement of the growing number of transactions. Imagine going to the accumulation of the transaction, I am concerned if the process bitcoin delivery time will be slower. Thanks in advance.
It would be a dream for some while nightmare for some countries as the cheapest electric ones shall rule the market Share. It would create many issues and most of all tax issue's. The chances are less but Japan Bitcoin law is in action. Let's hope more of it inspires other countries to bring Bitcoin in the system. Wait and watch I would say, we can't even be sure if it will ever come.
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.
Thanks in advance.
If that happened then it will be the best thing that will happen in the bitcoin / crypto currency world. The current supply of bitcoin will be distributed and divided and every quantity of Satoshi will count and will be valuable. For sure the price of bitcoin when that time happens will probably reach 5 up to 6 digits.
If all nations of the world started to use bitcoin than that will be evolution, a great evolution!! But the fact is its not possible at any more. Yes, bitcoins demand is increasing and in future, it will be more demandable but its impossible that every country will be started to use bitcoin.
Its like a dream!
Its like a dream!
Japan already recognize bitcoin as legal tender, are you still dreaming? All indeed originated from trading volume, then start referring to implement government investment with good regulation, after it spread to their focus on retail and public services. Many different views of hardfork, but do not break the chain of attention to country development through bitcoin.
If all nations of the world started to use bitcoin than that will be evolution, a great evolution!! But the fact is its not possible at any more. Yes, bitcoins demand is increasing and in future, it will be more demandable but its impossible that every country will be started to use bitcoin.
Its like a dream!
Its like a dream!
It would be very difficult for a government to adopt bitcoin as its currency but it could issue its own crypto currency and overnight replace its own fiat currency by it at a 1:1 ratio having primed the crypto currency before hand. The government would lose nearly all control and have practically no monetary policy and little ability to regulate except for the use of pre primed denomination of "coinx". I personally think that public finances would sober up and that a realistic economy would ensue, stability would be a great advantage and wealth would not be made through fractional reserve banking and usury both which add little to a society.
If that would happen the Bitcoin price will increase dramatically.
The current supply of bitcoin is 21 million if your planning to give 1 bitcoin to every single person in the world of course it will not be enough.
But if you divide 1 bitcoin into smaller portions like Satoshi i think most likely it is enough to cover every single person in the whole world.
The current supply of bitcoin is 21 million if your planning to give 1 bitcoin to every single person in the world of course it will not be enough.
But if you divide 1 bitcoin into smaller portions like Satoshi i think most likely it is enough to cover every single person in the whole world.
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