Pages:
Author

Topic: What would it actually take to make BitCoin the most used currency in the world? - page 5. (Read 2995 times)

member
Activity: 81
Merit: 10
actually it's very difficult to make bitcoin as international currency such as USD or EURO because some people considers that digital currency less worth than traditional currency however currently bitcoin already use for worldwide people and without much people realize that indirectly bitcoin has become global currency

True it already is a global currency in a sense, but you cant depend on it to survive. right now you could only depend on it as long as you could sell it for Fiat Cash
legendary
Activity: 1652
Merit: 1000
actually it's very difficult to make bitcoin as international currency such as USD or EURO because some people considers that digital currency less worth than traditional currency however currently bitcoin already use for worldwide people and without much people realize that indirectly bitcoin has become global currency
sr. member
Activity: 423
Merit: 250
Slow and steady wins the pace guys.. We are gaining good ground, and by the looks of elections the people all over the world are loosing faith in their governments..
member
Activity: 81
Merit: 10
i think it is very hard to reach that level you have in mind and it may never happen but it is possible for bitcoin to grow a lot more than this.

and for that it only needs more adoption by the merchants. for example if some big corporate like Amazon starts accepting bitcoin then bitcoin can grow so big.

If amazon started using BTC as a payment method it would make people now very rich, but then it would level out as the whole world sells to cash in.
legendary
Activity: 1218
Merit: 1007
What would need to happen to the global economy to actually make Bitcoin take over in place of National Currency like, USD, CAD or EURO?

So many people on here are banking on this happening one day, many even openly use this as a reason to invest in coins like Monero.
So I ask you, what do you think it would it actually take to make that happen?

WW3? An Asteroid, Alien Invasion?
Collapse of absolutely every value system and form of currency throughout the globe, a swift implementation of upgraded and simplified Bitcoin infrastructure, a lighting network or similar form of killer app, and an aggressive campaign by the community to get it in place as the most used currency, primarily through getting large chains or whoever to accept it and branding it as the only currency that went up when everything collapsed.

WW3 wouldn't do much to be honest (and it would wreck Bitcoin if it was nuclear, like everything else) and asteroid would kill everything or a lot of things (most likely) and thus that is a write-off, and an alien invasion might gives us something to do before we get wiped out, but if we beat them or at least make peace with them we might get absorbed into the intergalactic community and adopt whatever they have.
hero member
Activity: 1036
Merit: 520
i think it is very hard to reach that level you have in mind and it may never happen but it is possible for bitcoin to grow a lot more than this.

and for that it only needs more adoption by the merchants. for example if some big corporate like Amazon starts accepting bitcoin then bitcoin can grow so big.
member
Activity: 81
Merit: 10
What would need to happen to the global economy to actually make Bitcoin take over in place of National Currency like, USD, CAD or EURO?

So many people on here are banking on this happening one day, many even openly use this as a reason to invest in coins like Monero.
So I ask you, what do you think it would it actually take to make that happen?

WW3? An Asteroid, Alien Invasion?

Well bitcoin need to achieve the merchants, the online merchants, big companies must accept it, support it, soo countries can regulate it or allow it to be used and traded. Besides that bitcoin volatility may be one of the bigges challenges since its decentralized.

Before bit coin could achieve all that it would break from over use and slow transaction speed. But it would take a global disaster or some kind of new invention that causes humans to be able to travel around the globe much more freely, thus requiring some kind of globally recognized currency
hero member
Activity: 756
Merit: 501
What would need to happen to the global economy to actually make Bitcoin take over in place of National Currency like, USD, CAD or EURO?

So many people on here are banking on this happening one day, many even openly use this as a reason to invest in coins like Monero.
So I ask you, what do you think it would it actually take to make that happen?

WW3? An Asteroid, Alien Invasion?

Well bitcoin need to achieve the merchants, the online merchants, big companies must accept it, support it, soo countries can regulate it or allow it to be used and traded. Besides that bitcoin volatility may be one of the bigges challenges since its decentralized.
sr. member
Activity: 304
Merit: 250
What would need to happen to the global economy to actually make Bitcoin take over in place of National Currency like, USD, CAD or EURO?

So many people on here are banking on this happening one day, many even openly use this as a reason to invest in coins like Monero.
So I ask you, what do you think it would it actually take to make that happen?

WW3? An Asteroid, Alien Invasion?
Pages:
Jump to: