Topic: What if all nations of the world started to use bitcoin - page 2. (Read 10123 times)
I think it's such a great change if every country in the world started to accept and use bitcoin. But i think it is quite difficult to happen, since not all country have same technology development. I bet there's still some place who doesn't even know what internet is and even if every country accept bitcoin, not many people will be able to use it since not many people know and understand bitcoin. Even when i explain about bitcoin to some people they're clueless af and don't care about it since they think it's difficult and prefer using something more common.
the price will increase, for sure. And then no one wants to use Bitcoin anymore because I believe that 21 millions Bitcoin can not adapt 7 billions people and more over, miners and the blockchain can not confirm 1 transaction in less than an hour
yeah many people do not spend their bitcoin because they are sure that bitcoin price increasing constantly everyday then they hold their bitcoin and waiting for more high price and i hope they will be get a big profit in the future. As much as possible I do not enter into any bitcoin spending now since were really sure that its value will increase more than what's happening now, anyway it is seems a way of investing in a safer way since bitcoin value is obviously increasing.
This would scare the living shit out of me, as thus would make bitcoin the one currency the Bible talks about. For one, I don't think it will happen as a state can't control the rate of inflation, which is crazy important if you are planning something as lofty as finacial policy for a whole nation. Also, if States were interested in adopting bitcoin, they would mine it. If any one state attempted to mine bitcoin for itself, it would be an arms race as nations competed to build the best/ most efficient miners. No private company, not even BitFury or Bitmain, could compete with a state actor concerning bitcoin.
Easier to make a new, more controllable bitcoin than subvert the original coin.
With the prediction that if every country uses bitcoin, I bet this condition will be more and more changers emerging, this is a chance that everyone wants, and transaction costs will continue to rise.
the price will increase, for sure. And then no one wants to use Bitcoin anymore because I believe that 21 millions Bitcoin can not adapt 7 billions people and more over, miners and the blockchain can not confirm 1 transaction in less than an hour
yes its true the price will increase , the demand will increase too. im hoping that someday all of the countries will accept bitcoin as one of the mode of payment that we can paid off. the more people using it, the more opportunities are being opened. and more an more people will invest bitcoin and they will be happy and satisfied for using it.
the price will increase, for sure. And then no one wants to use Bitcoin anymore because I believe that 21 millions Bitcoin can not adapt 7 billions people and more over, miners and the blockchain can not confirm 1 transaction in less than an hour
yeah many people do not spend their bitcoin because they are sure that bitcoin price increasing constantly everyday then they hold their bitcoin and waiting for more high price and i hope they will be get a big profit in the future. As much as possible I do not enter into any bitcoin spending now since were really sure that its value will increase more than what's happening now, anyway it is seems a way of investing in a safer way since bitcoin value is obviously increasing.
Probably this things might happen since from $300 to $2000 value of btc been seen how it progress in such a small period of time, Bitcoin users now can be able to save more and benefit from future increase and development of bitcoin since we already see that bitcoin have the ability to reach bigger value than expected,so value our btc now as much as possible.
the price will increase, for sure. And then no one wants to use Bitcoin anymore because I believe that 21 millions Bitcoin can not adapt 7 billions people and more over, miners and the blockchain can not confirm 1 transaction in less than an hour
yeah many people do not spend their bitcoin because they are sure that bitcoin price increasing constantly everyday then they hold their bitcoin and waiting for more high price and i hope they will be get a big profit in the future. As much as possible I do not enter into any bitcoin spending now since were really sure that its value will increase more than what's happening now, anyway it is seems a way of investing in a safer way since bitcoin value is obviously increasing.
the price will increase, for sure. And then no one wants to use Bitcoin anymore because I believe that 21 millions Bitcoin can not adapt 7 billions people and more over, miners and the blockchain can not confirm 1 transaction in less than an hour
yeah many people do not spend their bitcoin because they are sure that bitcoin price increasing constantly everyday then they hold their bitcoin and waiting for more high price and i hope they will be get a big profit in the future. As much as possible I do not enter into any bitcoin spending now since were really sure that its value will increase more than what's happening now, anyway it is seems a way of investing in a safer way since bitcoin value is obviously increasing.
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.
Then I am sure that the price of bitcoin will start to increase more and more faster and at that time the investors will like to store more coins and the demnad will be that much that the price of one satoshi will reach to about $1. Thanks in advance.
the price will increase, for sure. And then no one wants to use Bitcoin anymore because I believe that 21 millions Bitcoin can not adapt 7 billions people and more over, miners and the blockchain can not confirm 1 transaction in less than an hour
yeah many people do not spend their bitcoin because they are sure that bitcoin price increasing constantly everyday then they hold their bitcoin and waiting for more high price and i hope they will be get a big profit in the future. As much as possible I do not enter into any bitcoin spending now since were really sure that its value will increase more than what's happening now, anyway it is seems a way of investing in a safer way since bitcoin value is obviously increasing.
Same the possibilities are limitless if it starts being used officially by nations. Its one of those things where you see more and more people using it so you know its going to keep going up as long as that trend continues.
the price will increase, for sure. And then no one wants to use Bitcoin anymore because I believe that 21 millions Bitcoin can not adapt 7 billions people and more over, miners and the blockchain can not confirm 1 transaction in less than an hour
yeah many people do not spend their bitcoin because they are sure that bitcoin price increasing constantly everyday then they hold their bitcoin and waiting for more high price and i hope they will be get a big profit in the future. As much as possible I do not enter into any bitcoin spending now since were really sure that its value will increase more than what's happening now, anyway it is seems a way of investing in a safer way since bitcoin value is obviously increasing.
the price will increase, for sure. And then no one wants to use Bitcoin anymore because I believe that 21 millions Bitcoin can not adapt 7 billions people and more over, miners and the blockchain can not confirm 1 transaction in less than an hour
yeah many people do not spend their bitcoin because they are sure that bitcoin price increasing constantly everyday then they hold their bitcoin and waiting for more high price and i hope they will be get a big profit in the future.
There are already people from every nation using bitcoin. Just not on a huge level. But the fire has been started....
Bitcoin price would go very high if every country used bitcoin. Would probably mean higher fees if that happened right now. We would need segwit for sure to get this solved.
Yeah that is right. The more people use bitcoin, the higher the fees are. Therefore, we must encourage more people to join our community and tell them how beautiful and remarkable Bitcoin can be. Tell them that Bitcoin has changed your life and make you richer than ever
Bitcoin price would go very high if every country used bitcoin. Would probably mean higher fees if that happened right now. We would need segwit for sure to get this solved.
If that really happens in future then the price of bitcoins will reach to the moon and it will be used and accepted as a fiat currency but I don't think that will ever happen as some countries will never allow usage of bitcoins in their country.
the price will increase, for sure. And then no one wants to use Bitcoin anymore because I believe that 21 millions Bitcoin can not adapt 7 billions people and more over, miners and the blockchain can not confirm 1 transaction in less than an hour
Single currency system won't exist to make the financial system run in a perfect manner. Because the money value varies between Countries. Also in future bitcoin might be used as an currency for cross border transaction where as within the country the transaction will be made using the country's own digital coin.
A universal currency is much more ideal, because we can’t really expect countries to just ditch their local currencies and go gaga over a digital currency. Just like what the dollar is now, bitcoin can be that currency that the world over will prefer to use when it comes to international purchases or something that you can rely on because of the value that it holds. That could be the day when even a satoshi would have a significant amount and is enough to buy a cigarette.that's why bitcoin will be hard to implement as universal currency ,it can be the most known crytocurrency or internet money, but in actual when government , laws and principles to be on the list . It will be a long run to promote bitcoin and to adapt physically.
Single currency system won't exist to make the financial system run in a perfect manner. Because the money value varies between Countries. Also in future bitcoin might be used as an currency for cross border transaction where as within the country the transaction will be made using the country's own digital coin.
A universal currency is much more ideal, because we can’t really expect countries to just ditch their local currencies and go gaga over a digital currency. Just like what the dollar is now, bitcoin can be that currency that the world over will prefer to use when it comes to international purchases or something that you can rely on because of the value that it holds. That could be the day when even a satoshi would have a significant amount and is enough to buy a cigarette.Single currency system won't exist to make the financial system run in a perfect manner. Because the money value varies between Countries. Also in future bitcoin might be used as an currency for cross border transaction where as within the country the transaction will be made using the country's own digital coin.
A universal currency is much more ideal, because we can’t really expect countries to just ditch their local currencies and go gaga over a digital currency. Just like what the dollar is now, bitcoin can be that currency that the world over will prefer to use when it comes to international purchases or something that you can rely on because of the value that it holds. That could be the day when even a satoshi would have a significant amount and is enough to buy a cigarette. 
It sounds like utopia that every nation in the world uses Bitcoin. I'm not saying this could be impossibe but at the moment there are no cinditions for such thing because not all have the equal knowledge and access to the new technologies and Internet and Bitcoin can't be used everywhere under same conditions. And it's not very likely that it would become the main currency.
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