What if all nations of the world started to use bitcoin - page 3.

sergeyzol

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Quote from: Vaskiy on May 02, 2017, 06:22:16 AM

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.

Bitcoin will be only an additional currency with which you can not only pay off, but also earn on the growth of the price.

Vaskiy

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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.

witsie

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my stances on that are from another side .... namely i am in divine universalism ... so i am generating divine money ... but, i remember that before cryptographers have invented btc i was thinking: "maybe the guys from technology will help me as to a presumed secular god zikalkis with some invention .. and wow ... 5 years ago on a liberalist site i have seen a word "bitcoin" ... i google it and said: wooooow they did it, oh my guard ... ever since then i visited and signed up to all crypto-fiat sites that i could reach (over 1000 buxes and clixes, they paid me 6.22 fiat dollars in 2 years of daily clicking) all pokers and miners ... i didn't complain .... first day i entered crypto-fiat online industry i said: uhhh .... they are so perfidious and morbid ....and, it holds water still ....! ... maybe it is main human characteristic ... we are scum on the earth, naturally,.... now, i feel crypto is exploited and enslaved by fiats .... so i had to find solution to deliver them from that slavery .... thus, i invented our divine money .... 1 divine dollar = 1 fiat dollar = 1mb (near) .... now we have all 3 players in the game ... fiats, cryptos and divine ... society, people and god ... nature is the fulcrum on which we all 3 exist ( maybe nature we can consider as gold and diamonds, if we need fourth player ) so i enclosed missing parts of that vicious circle .... and we can run forward
........................... my conclusions i tried to compose and teach me and you ......................
...
technology <<-perfectgoodier>goodiest>divine ->> morality
... profanistsspam>slam>genialists>divinists ....
...
maybe you see that i prepare ground and testing waters for our future divine sites ... lol & hah
any advice r suggestion or a question would be welcomed and appreciated (rewarded too)
...
.stick to my sites, i am not franklin linkoln nor george washington, i am not doc holiday nor che guevara, i am zik zikalkis, thanks

MingLee

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Quote from: Wesimon on May 01, 2017, 10:31:47 AM

Quote from: Xester on April 24, 2017, 06:27:27 AM

Quote from: batang_bitcoin on April 23, 2017, 05:26:39 PM

Quote from: Mr on April 23, 2017, 09:11:57 AM

Quote from: Antoshka on April 23, 2017, 07:24:03 AM

This will increase the price of coins, but you need to improve the system so that there are no failures due to a huge number of transactions.

I agree. And I think that the bitcoin blockchain system can never maintain a huge number of transaction daily if the whole world starts using Bitcoin. There will be another altcoin strong enough to sweep Bitcoin away

Those problems that we are experiencing will surely be fix when all the nations are already using and adopted bitcoin. And it's a thing that will make the price to pump, the demand will be higher and the supply will be lesser and I guess when it happens, satoshi's / bits will be more valuable by that time and has a very good value.

If all countries will adopt bitcoin then the price of bitcoin will no longer increase but become fixed since the government will make a move to make the price of bitcoin stable. The only change in bitcoins value is when the US dollars value will increase. But it is a long way to go and we are still uncertain if who among our ideas will occur but hopefully there is a bright future in bitcoin.

Bitcoin's value is dictated by the demand and supply, so how come that bitcoin's value will be fixed if all country adopts bitcoin and to think that the demand of bitcoin on that point is very high. Obviously, based from the law of supply and demand, bitcoin's price will soar up.

How come that the government will do something about bitcoin's price? They cannot even touch bitcoin. So please enlighten us on how will they do it.

Bitcoin's value is not dictated by supply and demand, at this point the majority of the market is more interested in speculation and guessing games rather than actually buying or selling due to a need or surplus of it. That one ETF is going through the SEC again and there's a high chance that the current market value of Bitcoin is partially speculation about that, along with other movements happening due to Bitfinex screwing the value up for everyone.

Wesimon

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Quote from: Xester on April 24, 2017, 06:27:27 AM

Quote from: batang_bitcoin on April 23, 2017, 05:26:39 PM

Quote from: Mr on April 23, 2017, 09:11:57 AM

Quote from: Antoshka on April 23, 2017, 07:24:03 AM

This will increase the price of coins, but you need to improve the system so that there are no failures due to a huge number of transactions.

I agree. And I think that the bitcoin blockchain system can never maintain a huge number of transaction daily if the whole world starts using Bitcoin. There will be another altcoin strong enough to sweep Bitcoin away

Those problems that we are experiencing will surely be fix when all the nations are already using and adopted bitcoin. And it's a thing that will make the price to pump, the demand will be higher and the supply will be lesser and I guess when it happens, satoshi's / bits will be more valuable by that time and has a very good value.

If all countries will adopt bitcoin then the price of bitcoin will no longer increase but become fixed since the government will make a move to make the price of bitcoin stable. The only change in bitcoins value is when the US dollars value will increase. But it is a long way to go and we are still uncertain if who among our ideas will occur but hopefully there is a bright future in bitcoin.

Bitcoin's value is dictated by the demand and supply, so how come that bitcoin's value will be fixed if all country adopts bitcoin and to think that the demand of bitcoin on that point is very high. Obviously, based from the law of supply and demand, bitcoin's price will soar up.

How come that the government will do something about bitcoin's price? They cannot even touch bitcoin. So please enlighten us on how will they do it.

Yakamoto

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Quote from: Armstand on May 01, 2017, 09:56:04 AM

Quote from: ?? on ??

Quote from: Bellator on May 01, 2017, 09:42:29 AM

Quote from: ?? on ??

thats very good if all the world using bitcoin for transaction in the Internet

That's good in our bitcoin community. Because the price of bitcoin will pump. But The question is if all nations of the world started to use bitcoin if they can handle this traffic of transaction? If this transaction will confirm faster ?

If all the nations will start using bitcoins then definitely the price of bitcoin will go much higher and when if comes to transaction then core development team will work on it to make it faster so people don't have to wait longer for transaction to get confirmed.

The only problem that can encounter if ever every nation will use it ,is the confirmations delay. This is already happening now even in some countries that are not known it yet,what more if they acquire it also, So your right that there is really a need to develop it and make it faster.

For countries that are moving any sort of a sum of money, typically it's not a terrible thing to only have to wait 10 to 30 minutes for the transaction to go through. Using conventional methods, that can take a lot, and I mean a lot, longer. The only convenience that countries have available to them is that they get a bit more priority due to the nature of what they do. If they opted to use Bitcoin, it not only moves faster, but is also traceable, and seeing a multi-million or potentially multi-billion dollar move on the blockchain would be something everyone would be watching.

traderethereum

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Quote from: Armstand on May 01, 2017, 09:56:04 AM

Quote from: ?? on ??

Quote from: Bellator on May 01, 2017, 09:42:29 AM

Quote from: ?? on ??

thats very good if all the world using bitcoin for transaction in the Internet

That's good in our bitcoin community. Because the price of bitcoin will pump. But The question is if all nations of the world started to use bitcoin if they can handle this traffic of transaction? If this transaction will confirm faster ?

If all the nations will start using bitcoins then definitely the price of bitcoin will go much higher and when if comes to transaction then core development team will work on it to make it faster so people don't have to wait longer for transaction to get confirmed.

The only problem that can encounter if ever every nation will use it ,is the confirmations delay. This is already happening now even in some countries that are not known it yet,what more if they acquire it also, So your right that there is really a need to develop it and make it faster.

this is the main problem that bitcoin have and its should fixed so the confirmations is no need to waiting for too long. i am sure that if all nations is started to use bitcoin, then blockchain will be fast in confirmatin because the teams of bitcoin will not let blockchain to get slow in confirmations so they will fixed this as soon as possible.

Armstand

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Quote from: ?? on ??

Quote from: Bellator on May 01, 2017, 09:42:29 AM

Quote from: ?? on ??

thats very good if all the world using bitcoin for transaction in the Internet

That's good in our bitcoin community. Because the price of bitcoin will pump. But The question is if all nations of the world started to use bitcoin if they can handle this traffic of transaction? If this transaction will confirm faster ?

If all the nations will start using bitcoins then definitely the price of bitcoin will go much higher and when if comes to transaction then core development team will work on it to make it faster so people don't have to wait longer for transaction to get confirmed.

The only problem that can encounter if ever every nation will use it ,is the confirmations delay. This is already happening now even in some countries that are not known it yet,what more if they acquire it also, So your right that there is really a need to develop it and make it faster.

YuginKadoya

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Quote from: Bellator on May 01, 2017, 09:42:29 AM

Quote from: ?? on ??

thats very good if all the world using bitcoin for transaction in the Internet

That's good in our bitcoin community. Because the price of bitcoin will pump. But The question is if all nations of the world started to use bitcoin if they can handle this traffic of transaction? If this transaction will confirm faster ?

Japan have accepted bitcoin, what do you think japan's comment about some slow transaction confirmation that take days to be confirm? do you think they would rather give big amount of fees so their transaction could be confirm quickly? Well I think they just keep it as is because the part that is important is the technology of bitcoin, well that is my opinion well let's just see if the whole world would really accept bitcoin just like japan did.

Bellator

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Quote from: ?? on ??

thats very good if all the world using bitcoin for transaction in the Internet

That's good in our bitcoin community. Because the price of bitcoin will pump. But The question is if all nations of the world started to use bitcoin if they can handle this traffic of transaction? If this transaction will confirm faster ?

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Quote from: DoublerHunter on May 01, 2017, 02:21:22 AM

Quote from: Bunsomjelican on May 01, 2017, 12:54:46 AM

Quote from: layoutph on March 31, 2017, 10:19:11 AM

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.

That's the time Bitcoin will declare as new world currency I think if that happens. Which means majority of the businesses or merchants are bitcoin accepted. How I wish that to be happened soon Wink

Bitcoin is already a currency and bitcoin will not be a new world currency because lack of supply and it will not be sustainable for the entire population of our world. If bitcoin will be used by all nations then it will be great because the price in that time will be huge and we will be millionaires because of that.

Lack of supply?
That is exactly why bitcoin is doing so great compared to fiat.
It's limited unlike fiat which can be printed any second the government is out of toilet paper.

How is possible that people who use this forum for months can still spout crap like this?

Raven91

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IF all nation started to use bitcoin it will be great because the demand of bitcoin will go up and no doubt that the bitcoin price will also increase and bitcoin will have lot of partnership and you can use it in many store where you can buy using digital currency.

DoublerHunter

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Quote from: Bunsomjelican on May 01, 2017, 12:54:46 AM

Quote from: layoutph on March 31, 2017, 10:19:11 AM

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.

That's the time Bitcoin will declare as new world currency I think if that happens. Which means majority of the businesses or merchants are bitcoin accepted. How I wish that to be happened soon Wink

Bitcoin is already a currency and bitcoin will not be a new world currency because lack of supply and it will not be sustainable for the entire population of our world. If bitcoin will be used by all nations then it will be great because the price in that time will be huge and we will be millionaires because of that.

Bunsomjelican

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Quote from: layoutph on March 31, 2017, 10:19:11 AM

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.

That's the time Bitcoin will declare as new world currency I think if that happens. Which means majority of the businesses or merchants are bitcoin accepted. How I wish that to be happened soon Wink

PhucS

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Quote from: layoutph on March 31, 2017, 10:19:11 AM

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 would be a great thing if all countries in the world started using bitcoin. Everything will become easier, Bitcoin is accepted and users will no longer have to worry about its legality. It can become a currency rather than an electronic currency. The value of Bitcoin will increase sharply because of the many users, so the supply is lacking. This means Bitcoin exploitation will be more difficult. But I think this is hardly possible because all the countries in the world are not the same, there are some poor countries have not thrived, their people are unknown to Bitcoin

Monnt

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Quote from: johnwest on April 24, 2017, 01:08:19 PM

Quote from: JL421 on April 24, 2017, 12:46:54 PM

If that would be the case then bitcoin is mostly over. The prices will rise to some 10k but no use the transactions speed will be slow. It would 48 hours to process a payment with some 10$ fees. The low fees payments can take months.

Even Bitcoin will get adopted and developed for those situations. If the governments start using BTC then they will surely think about its development but the anonymity will be a big hurdle for them as they will not be knowing about most of the transaction senders and receivers.

Yeah, I agree, the only way governments will agree on making bitcoin as a legal currency is if we agree on giving up one of its best quality which is being anonymous, and if that happens than the bitcoin will go down because most of the bitcoin market is powered by illegal actions that take place in shadows of the net, otherwise what benefits will they have in doing so, I think that is why they haven’t made any decisions regarding regulating bitcoin.

batang_bitcoin

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Quote from: SoulBargain on April 24, 2017, 01:01:55 AM

Quote from: batang_bitcoin on April 23, 2017, 07:08:47 PM

Quote from: senyorito123 on April 23, 2017, 06:58:59 PM

Quote from: batang_bitcoin on April 23, 2017, 05:26:39 PM

Quote from: Mr on April 23, 2017, 09:11:57 AM

Quote from: Antoshka on April 23, 2017, 07:24:03 AM

This will increase the price of coins, but you need to improve the system so that there are no failures due to a huge number of transactions.

I agree. And I think that the bitcoin blockchain system can never maintain a huge number of transaction daily if the whole world starts using Bitcoin. There will be another altcoin strong enough to sweep Bitcoin away

Those problems that we are experiencing will surely be fix when all the nations are already using and adopted bitcoin. And it's a thing that will make the price to pump, the demand will be higher and the supply will be lesser and I guess when it happens, satoshi's / bits will be more valuable by that time and has a very good value.

Well you're idea is acceptable and if nations will adopt bitcoin I think many hardworking people will have profitable income in the future.

Yes that will attract a lot of people because it's either they will be forced to use bitcoin since many are using it or it will be implemented by the government or it will be declared as a safe and recommended crypto currency. But if ever this will happen then there will be doors opening for other alt coins as well, it's possible.

Bicoin has its room of improvements and I expect for it to cope with the demand of its users worldwide and also if government would decide to legalize it in their respective country then I'm sure that they will help improve the system of bitcoin and also the advantages and benefits of bitcoin has its very sharp edge for other alt coins to touch it.

It will be on a room of improvement and it's already on the room waiting for some upgrades that should be done. The bitcoin surely will pump the government will play a very important role for making the belief of many about bitcoin from negative to positive. They might improve the system but not totally all about it, mostly with regulation.

johnwest

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Quote from: JL421 on April 24, 2017, 12:46:54 PM

If that would be the case then bitcoin is mostly over. The prices will rise to some 10k but no use the transactions speed will be slow. It would 48 hours to process a payment with some 10$ fees. The low fees payments can take months.

Even Bitcoin will get adopted and developed for those situations. If the governments start using BTC then they will surely think about its development but the anonymity will be a big hurdle for them as they will not be knowing about most of the transaction senders and receivers.

JL421

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If that would be the case then bitcoin is mostly over. The prices will rise to some 10k but no use the transactions speed will be slow. It would 48 hours to process a payment with some 10$ fees. The low fees payments can take months.

Wandering Soul~

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Quote from: speem28 on April 24, 2017, 07:03:18 AM

Quote from: jc89 on April 22, 2017, 06:53:19 PM

Quote from: batang_bitcoin on April 22, 2017, 05:29:07 PM

Quote from: radjie on April 21, 2017, 10:20:31 PM

If all countries use bitcoin, must be able to provide free internet to all countries. Because it will be used by everyone.

For some countries this is possible but here in my country this is all about business. Big companies will take the chance of earning with the internet connection of bitcoin. It is good for us that are into bitcoin while it is still good as early but for those people that will enter bitcoin lately, it will not be an easy thing for them.

As a matter of fact, some countries provide free internet already in public areas such as park, malls, etc. On the other hand, I would not agree that the internet will be fully free for all. Just think about the quality they will provide if that happens, I would think that the internet will be so slow because ISPs gives good quality of service if they are paid high enough.

Yes, I agree with you, providing free internet in public places will not have that much benefit for people. As many people will use the internet in places that they will have free internet. I'm sure the internet speed will be slow, especially in my country, where we were ranked as one of the lowest country with poor internet connection.

You're all right if all of that happens now but since our technology is rapidly increasing we can expect better things in the future . I also have the same situation as you, My country is one of the slowest but expensive internet connection although our government is currently searching for a solution to this problem . One things for sure, if things like free worldwide internet connection and all nations accepting bitcoin will happen, It won't happen anytime soon .

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