Bitcoin Forum

Guys

 What would you think if bitcoin is the only currency in da world?

I think shopping would certainly be a lot more difficult, especially for food. There would also be an increase in internet crimes.

mikehersh2



Not really. When shopping it would most probably work the way that you send bitcoins, they check that bitcoins are coming in and that the fee is high enough and then you can leave with a confirmation. Only for bigger transactions they would demand a confirmation.

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setupbounds



It would not work with the current limits the protocol has. Not only that but the tech of nodes will be way too slow to handle the amount of transactions.

If Bitcoin is the only available currency in the world? Bitcoin hater is going to create a new currency based on Bitcoin (Altcoin I mean) or another type (probably fiat). Bitcoin fans will be very happy - especially the early adopters. And the richest man/woman listed on Forbes will be "Satoshi Nakamoto (unknown identity).

I wish the day will come true, l love Bitcoins, i always say that Bitcoins is a future currency.   

Would it be good or not I'm not sure, but I'm pretty sure that it will never be the only currency. That is just not possible, like there can't be only one fiat currency in the world.

If bitcoin would be only one curency on the world, %90 percent of people would be unaware of bitcoin and poor😊

 I would think "Damn! These sig campaigns are irritating!  They're everywhere and it's causing sig burn-in on my screen!!  Is there no other why to make Bitcoins now that money is gone?"

 Seriously, it will never happen.

I don't think that day will come when only btc will be available. . Local currencies depending on country is mandatory. .. But off course btc will be widely accepted across the globe...

  for me i think shopping would be more easy and anonymous :). But thats the down side the crime rates would increase

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Well I would be happy. If bitcoin would be the only currency in the world I would most likely be pretty rich. I mean if everyone would use only bitcoin the user base would be huge compared to what it is now thus making my coins worth much more.

How many would be needed for being in middle class?
0.0001? btcs ?

what do you mean my middle class ?

yea we would be all rich haha

it would take people forever to get accustomed with the change and i would be more difficult

i m 100 person agree with you if the day will come then majority of people are poor and only that people are rich who have Bitcoins just like we. but i m also 100 person certain the day will not come, its  all imagination thinking.

Most are in indoors.

And probably all people would crating some ways to make it live and virtual.

bitcoin can not be main currency because it is not supported by any high-price material. For example fiat money supported by gold. And price of dollar related with gold capital. But bitcoin is not related with any gold capital etc. So bitcoin is cost nothing...

i guess there is more than bitcoin in da world!

Practically no fiat currency is backed by gold anymore. It's way too convenient for governments to print money without having to back it.

So that fiat money is only backed by the trust in that country and government.

But the trust in Bitcoin is backed by the trust every bitcoiner has in the other bitcoiners. And you can trust them more since they will never steal your money like governments can do. Zyprus for example. Many went bankrupt there. Received a credit of hundred thousand in their bank account, money was stolen and they still would have to pay back the credit. And other things happened.

you are right sir :)

yea me too but ithink it would be impossible . But if that become reality the rates of btc to usd would be crazy up

The FUNNiest thing that is going to happen is , "If someone has to buy something, the shopkeeper will wait for transaction confirmation !"

Well, for higher priced items it would be no problem. You buy a car, send the transaction and sit down with the seller drinking a coffee, conversating a bit, until the first confirmation comes in.

In stores, for example expensive clothes or jewelry, I think the shop owner will decide on case by case. A new user buying a $3000 jacket might have to wait for a confirmation, surely will be treated well in that time, but a known custome with money surely can work out of the store fast.

Well, might even be that it becomes a status symbol to be a "nonconfirmer" or something. :D Like taking out your platin credit card or so. Impressing the kind of ladies that look somewhat more like ticks. Well, some guys try to show off that way too. In fact one should never take such a girl you practically have to pay to be with you. It's not much more like a whore then. If they only want to fuck them ok...

Well, not the topic anymore I guess. :D :D :D

Interesting but that's all are imaginations, not come to true.
If it will be happen then i will buy a lot of Bitcoins.
Then i will be a rich man.  :D

I don't think that bitcoin will be only currency in the world.
Because it is not a major currency in the world.
it is just online currency, instead of most of the currencies are here.

That would mean one nation One in everything.

At first, Banks will have to change their stategy and they might have some problems with it.
International shipping would be even more common and easier for normal people.

People would used to it, so do I :D
If only bitcoin will be more stable :P

Yes if whole world unite under one flag under one name and one anthem.
Then we could see one currency but bitcoin is so far from that position..
Im not sure if really need one world government..This is centralization.

There have been many speculations that btc could be the "currency of da world", and even though that is not anytime soon, I look forward to the day. Although it could cause a lot more problems like hacking and stealing money, I think it can make things a lot easier such as shopping and transfering money.

Then the government won't make money from you  ;D

I'd like to see all my friend cry because they will have 0.002 btc equal to 20k$ and me with my little amount I'll be rich