Bitcoin Forum

At a time when the world is clamouring for peace and unity among the countries of the world- developed and developing.
There is a major limitation, which is the different currencies of the countries. These fiat currencies are controlled by different policies and economic situations of their different countries.
This posses a threat to global financial unity. As many countries are under banked. At the height of these challenges, came a pseudo human called Satoshi, who created what seems like 21st century wonders(bitcoin)

From 2009 till date, bitcoin suffered too many set back, ranging from disbelief to doubt about its future.
But 10 years down the tunnel is a great improvement and acceptance of the first cryptocurrency - bitcoin.
The huge acceptance lead to the creation of several altcoins.

Now many countries are willing to involve in the cryptocurrency world  despite some restrictions in some countries because according to an African adage "No one knows the Goose that will lay the golden egg".
I am seeing in the future where BTC will become a unified currency for the whole world.

My answer is simple. No, it can't. None of the governments would be eager to use a completely volatile currency. And they are right to think like that also. Why would I want to risk my economy in the end? Bitcoin is already a very good alternative option and it should stay like that.

Hopefully not, because BTC is not centralized and I hope it will always remain this way. This should always remain the people's coin (not that dumb Dogecoin as genius clown Musk says to his sheep).

Forget about the governments, they will never allow these currencies to be accepted as a currency. However i think that bitcoin will replace gold and become the digitial gold. However, Ethereum will become the world central digital currency and all the defi will control the financial and taxation systems.

BTC is so volatile because of low dept of market, high percentage of inexperienced traders, low amount of big market makers. With every step BTC makes this numbers change. Its not like BTC will become a world reserve currency staying at 50k price with current price behaviour... I doubt it will happened but if it will happened BTC will pump to like 50 mln $ and volume will pump from 40B$ to few trillions and huge market makers will bring liquidity that will reduce volatility.

Satoshi is a real entity that can be a person, a group, an institute, any but it is not a bot or machine.

Bitcoin is created to bring the freedom with transactions for the global people and under-banked are one of them.

Bitcoin is a decentralized cryptocurrency. It will not become a global central currency. If you want to imply centralization by the word central. If your implication is a main cryptocurrency, it is in many years. Bitcoin price affects the all crypto market because it is a biggest cryptocurrency.

Bitcoin is the less speculative cryptocurrency (altcoins are more speculative because they are pump and dump assets). You are too optimistic if you think Bitcoin will be a unified currency on Earth.

It is a main crypto, a leader of this market, a game changer for the world but not an unified one.

Governments around the world would never allow Bitcoin to become world central currency but there is possibility that many countries will use it as hedge and backup asset same way like they are holding gold.
With current situation it would be impossible for everyone to use Bitcoin on main chain because it would create astronomical fees and big transaction delays, and only hope for this would be with some second layer solution.
Governments and rulers are looking more and more like dictators for whatever reasons and excuses they have, and they wouldn't want to use any currency they can't control or increase supply.
I think that if majority of people want to use Bitcoin in future there is nobody who could stop that despite all their regulations, bans and restrictions.

You've been blinded from your enthusiasm, but that's okay, as long as you understand where you're wrong. Bitcoin can't become the “unified” world currency, because the world is consisted of states where societies are built in. Realistically, a state can't operate by using Bitcoin, because it can't control it. On the capitalistic age we're now living, money has to circulate. I don't say that governments behave properly with their reserve currency, I just define how a state should work, so the society can do too.

The way Bitcoin inflates makes you not want to spend it, but keep it, because in the future, it'll worth more! But, basically, a state cannot adopt it, because it can't control it, not just for the inflation.

I see Bitcoin as the Gold 2.0 that functions better than it.

bitcoin will forever be bitcoin, because if we change bitcoin to world currency, everything will fluctuate ,, coins will still be bitcoin for the people, as long as bitcoin is still like this people can still benefit, but if bitcoin is used as an currency, people's income in bitcoin will definitely decrease ..

Obviously no one in their right mind would think that Bitcoin will become the reserve currency of the world. But the reasons are not the ones pointed by you. Volatility is an issue with cryptocurrency, but it will reduce with expanding user base. The real reason is that Bitcoin is protected against inflation, unlike the fiat currencies. And this pose a problem for the governments, as they can't print money in unlimited quantities (and then steal most of it). And this is the reason why they removed the gold standard many years back.

Please, I would like you to expanciate on how you believed that Ethereum can be world's central digital currency but Bitcoin cannot.
Through more light on the defi system regulating or controlling the taxation system.

No. Governments want control, not freedom. This gives you a pretty good answer to your question: if they want to have BTC as a central currency, they'll want to somehow centralize it. So better not..

The world can't even have one unifying currency, for that to happen, there will basically have to be one single government controlling the entire world, which in the first place is not possible, and even if it's possible (which isn't) for there to be just a single currency, then there's no way that currency is going to be a decentralized one like Bitcoin; control is something that's indispensable for the government, but with Bitcoin, the said control, and freedom as well is with every single user.

Probably it's not going to happen because even though it is a top cryptocurrency there is still a lot of weakness when it comes to bitcoin.

Obviously, countries' world central currency is not gonna the world since bitcoin is not centralized, countries can not use only one currency since different countries have different values when it comes to goods, etc. It's better for bitcoin to stay to what it is today since we could already use it to make transactions all over the world.

Bitcoin technology is not that great if we are going to use it as a world currency, bitcoin can only process 3 transactions per second, and if you compare that to other altcoins like Ethereum or Solana 3 transactions per second is slow.

I think Btc doesn't need to be the center of the world's currency, because it can't be used as a fixed value and will have a very ineffective impact on people outside of crypto users. Btc is enough as an investment tool and also as a trading coin. Btc has become this great without the need to take over the world's finances, because then we still deserve to be considered as investors rather than having to follow ambitions which will not have a good impact on the value and image of Btc as a future asset. Btc should not be controlled, while the world's central money is easy to control. so we don't agree.

Really small chance it can replace fiat. At least my opinion have a little hope in it beside said impossible bitcoin can replace fiat to be world central currency. Beside a lot of reason why fiat will be used from regulation until flexibility to used anytime, bitcoin as investment actually already good. We still can use it as currency like to send money all over the world, but to purchase something,maybe fees can be a little problem at first.

Frankly speaking, I don't see this happening ever. World leaders wouldn't allow a generic currency system without a controller, become the central currency of the world. There will be corporates who might add bitcoin into their cash reserve, but definitely not on a government level.

World leaders wouldn't allow some unknown miners to produce their reserve currency. This might happen if only government starts controlling 100% of the mining operations. Otherwise, don't even think about it!

I don't think bitcoin at any time will be central. That's why the government can't completely replace bitcoin. If bitcoin becomes central around the world, how people lose access to their wallets, to whom they complain, it will be completely lost in the system.

If you want a centralized system with Bitcoin, then it is really simple. You can store your coins in an exchange wallet, or in your PayPal account. If someone hacks into these wallets and your coins are stolen, then PayPal will reimburse the amount. But the negative here is that you will not have access to the private keys. Someone else is storing the coins on your behalf, and it goes against one of the basic principles of cryptocurrency. But then, I need to admit that there is a large section of users who prefer this route. They don't want to store coins on their own (mostly the less tech savvy users).

Bitcoin was never and will never be meant to be a currency that could be used as a major currency, and that is due to the fact that it is decentrelized and cannot be controlled by governmments even if they wanted to, and if you ask anyone who has been using bitcoin for some time the reason it was created you would know, if you look at the current state of any currency that is controlled by a government you would see that it went through a lot of manipulation and inflation and they keep on priniting more just because they can, which is why bitcoin is diffrent and can not be used as a major currency.

Bitcoin has become the great initiative, it will be the asset, digital gold in its entirety.  The development to become the central currency of the world will limit the mainstream value created.  It won't, I don't think bitcoin is going to do this.  by its characteristic not belonging to a central currency.

I have absolutely no idea that Bitcoin will become the World financial Central bank. Countries or governments of every country and even the world will not let that happen, absolutely not !! The existing banks in every country are owned by individuals or groups who are very financially strong, they can influence every country's decisions. they certainly won't give bitcoin room to grow. I prefer it like now.

Well to be a central currency is not possible for bitcoin. Its my opinion others could be different. Why i say that heres my some point. Well bitcoin is like a public company. There is no office, no company, no admin or no controller. Which is a big risk factor for government because they need a place where they should discussed and fix their problem. But in bitcoin its impossible. Its public company because anyone can be a owner by buying a cent of bitcoin. So all of bitcoin holder are the owner. No one can truck bitcoin sender or receiver, no one can reverse any transaction. So what is not acceptable for government because they want control. So i don't think bitcoin could be central currency.

I believe it's more appropriate to say a human with a  pseudo name than a pseudo human. Satoshi's numerous fans may raise eyebrows for that malapropism. That said.

Well, on the issue of Bitcoin becoming the world central currency - this won't be possible. I don't see the possibility of that now or even in the future. My reason for saying that is based on the technicalities surrounding Bitcoin. It's not a tech for illiterate folks. It's workings make it so. Again, Bitcoin requires electricity to function. To be able to send or receive BTC one must have access to the internet and electricity. This, a lot of countries don't have.

To become a central currency the currency needs :


Approval from all the governmental bodies

Now does it seem possible ?
I don't think so.

Then we have to think about : Usage
Are mobile phones available everywhere? Internet? Will everyone be able to use them ? no.

The only reason so as why fiat is so popular is because it is indeed something very easy to use and convenient.

Then we will have the problem of Volatility which is good for us as an investment but at the same time it would not be something that we can go with when we are talking about stability of the whole economy.

Pseudo human ?
No
It would be apt to say the creator who did not take even a single penny from us for using such amazing currency.

Yes, of course it will be.

The irony of bitcoin is that it goes up because with each cycle of FOMO, more people and companies FOMO into it. It eventually will capture everyone. FOMO creates FOMO.

Perhaps never as a regular transactional currency, but this might have been intended. As bitcoin increases in value, it will decrease in volatility because it will require increasing funds to change its limits.    The current limitation of bitcoin is that is not directly tied to any physical asset, yet as its price increases (due to the greed of governments who inflate their currencies,) it will be tied to increasing markets.

Also, because governments can't agree among themselves, even within themselves. And the beauty of bitcoin is that every country has electricity, and mining automatically adjusts to the amount of computers available, so there is no upper nor lower limitation on the number of computers needed to verify the chain.

For becoming most popular digital payment it might be possible. but for main currency i dont think so. every country had regulation, economic system and law as logical example just imagine if transcation fee on bitcoin implement on real life transaction. bitcoin is comodity . digital asset . investment option . digital currency just it.

If say about usage, the world is evolving. At the rate at which technology is taking over the world, in the future you will likely see  internet everywhere and even everyone will use a mobile phone, whether by self or by proxy.

However, I have seen your apt points, maybe I was too optimistic about bitcoin.
Noted: The creator of Bitcoin.

It is difficult, although Bitcoin will not disappear because of bans by governments. But it is also difficult to develop a currency that can be used all over the world.

In fact, the biggest difficulty preventing Bitcoin from becoming an international currency is not price fluctuations or limited quantities, but the high cost of learning. Learning how to use US dollars in daily life has become a habit of people, but learning to understand and use Bitcoin will be much more difficult.

You aren't wrong about banks and the string pullers wanting to control the flow of money, that's basically the fundamental that banks are build upon and elites have been raised to. Also, the difficult part is that bitcoin becoming the global currency is pretty difficult since there isn't a lot of bitcoin to go around and if it were to happen, lost coins will increase.

I think it's not possible for BTC to become the world's central currency and the answer is simple, the government won't allow something that they can't regulate or out of their hand. No matter how many countries get involved in BTC and cryptocurrency as a whole, its impossible for them to accept it as their main currency and it will affect their economy as well.

No. I think the question is wrong. Bitcoin cannot be the currency of the world. But it may be another coin with similar technological features to bitcoin. And this coin will not be affiliated with any state. It will be valid in every country.

It is genuine world can't indeed have one binding together cash,There will fundamentally need to be one single government controlling the complete world, which within the to begin with put isn't possible, and indeed in the event that it's conceivable for there to be fair a single money, at that point there's no way that cash is getting to be a decentralized one like Bitcoin.Bitcoin has worth to rule over the world as king unique currency of the world but the govrnrmrnt positive role help to make it possible.

it is unlikely that btc will become a world currency, because it is difficult to replace the fiat currency that has been used for centuries, bitcoin will still be bitcoin, will forever be bitcoin, just let btc stay where it is,
 make it easier for us to invest,

You can use BTCitcoin for global transaction and what is stopping you from doing so.
 
When you come up with something that is not heard before which is a decentralized currency you will have your doubts and think how it can be successful and whether any government will stop this from going mainstream and these were the genuine doubts i had when i first started with BTCitcoin and ten years later it is the hottest market.

It is already a global currency and you do not need anyone's permission to call them a global currency as you can send any amount in BTC without much fuzz from the day BTCitcoin is launched.

I see good future of bitcoin. This pandemic increase people awareness about the advantage of bitcoin payment method. I think bitcoin will be more popular and used by many people in the world for online transaction. For now in export-import trading, people still use fiat because they need bank to send necessary documents. But it is not impossible that we can choose to use bitcoin for export-import trading too. Maybe bitcoin will not become the world central currency, but I think it still can become the most popular alternative payment method.

The simple and short answer is no. Since bitcoin is decentralized it's not going to be accepted by any government as payment method. Actually, the whole point of bitcoin is to be stay anonymous and decentralized so even if somehow some governments accept bitcoin as payment method there will be many conditions such as forcing people to do kcy. I believe bitcoin is going to be stay decentralized like it is and none can change it.

I'm not so sure this can happen because it's very clear that btc is volatile and hard to predict, from here on out I'm not sure btc is the central currency let alone the government. they must have thought several times if they wanted to set btc as the central currency.
it's enough as it is now, btc is enough to be an accessible investment material and the central currency remains $ and can't be changed because basically if this kind of thing is changed it will certainly cause chaos.

I think this is impossible. If Bitcoin is used instead of fiat currency and becomes the only deflation, natural deflation cannot be controlled. It is impossible to overcome the barriers. Trying to confuse the public with such expressions as "Bitcoin can be subdivided infinitely" and "Deflation is better than inflation". It's useless, you will understand if you patiently read books on economics or money and banking.

It finds to be a big question and still no concrete answer until today. The risk that merchants are thinking about how to cope with their losses if there is a sudden drop occurs in the future. They are still worried and of higher risk on their part, and that is why they are still in doubt. We have to understand their position as well and even we like that BTC become the world currency, we can do nothing if there is no strong support from the government, merchants, and establishments who will accept Bitcoin's payment.

To be honest, I was one that doubt it back in the days when I also had the misconception of it being a illegal currency and widely used by criminals because of how pseudonymous it is. If I invested one back then, I could have been locked out of my own wallet because I would not care about it in the first place.

About your thoughts in BTC being world central currency, you already answered your own question.
Central !== (DE)centralized.

It can't reach up to that level because we already know that the reason is the volatility of its market and some important factors that in need of clarifications. nevertheless, it can be one of the top currencies in the world where it can be used as means of payment in any of the leading industries out there and you can see that happening right now. Maybe after some time, there will be lots of development and innovative invention that will push bitcoin as one of the leading currencies in the world.

It is just too impossible from happening right now considering that the most of the government in different countries are against it. We cannot blame them actually, bitcoin is a decentralized currency and they are not gaining anything from it at all. A lot of adjustments would be needed first before it happens and we all know how backed-up fiat currencies are by the government itself. Bitcoin might be a lot more better than it but the government still holds the rule on what is allowed and what should be declared as a central currency.

You should not believe easily that most of the country against with bitcoin since there are no supporting claims in legal matters that can confirm this, The only one I see is fuds nothing less nothing more.

But also its impossible for bitcoin to became a global currency since the law itself will dis allow this to happen and USA government doesn't want that to happen since there economy might get affected if bitcoin overcomes thr US fiat.

Yeah i agree with you completely.
People should to know at first that BTC is a crypto asset not a currency, so it can’t be actually considered as a primary central currency.
Moreover it is also decentralised that is cannot be controlled by any government, so typically OP’s discussion is worthless.
Eager to hear from other people about the same and will entertain all the ideas and thoughts.

It can become a guard currency on a global level in the sense that this governments which abuse their own currency and shut down gateways to buy other fiats must expect their own citizens to flee into Bitcoin, because that can't be stopped.

Being optimistic about btc growth as crypto enthusiast is good but daydreaming is also not good because you are talking about Bitcoin replacing fiat completely and would centeral government's allow this to happen anytime? What would be the fun of banks and government control over these decentalized currencies? And the main thing how would you circulate 21 million coins globally for each person use to exchange for commodities like fiat?There are certain other factors which cannot be neglected like fees and some other for which btc cannot be used as centeral currency.But it's adoption and use will increase over time.

Can BTC become central to the world currency? I think not, and this has to do with the fact that the blockchain in fact any blockchain is not ready for the mass traffic that it will encounter daily. The network is also not efficient enough and getting regular people to understand why their banks are now run by smart chains is not going to be an easy thing.

yes it is like that, with a very uncertain price it will be very difficult for the government to make bitcoin central. and I think that if bitcoin is made the central currency of the world, it will only destroy the global economy because of bitcoin's fluctuating volatility.
I really like the way you think about bitcoin being used as an alternative option because that's the only task because if it's more than possible when bitcoin goes up it's okay but just imagine if bitcoin is used as the world's central money and what happens is bitcoin decreases? how many countries should get inflation because of it :)

The probability is 50%. First, the US dollar has withdrawn from the world currency status by 100%, and no other mainstream legal currency can be replaced. Second, the world returns to the gold standard. Third, gold and Bitcoin each have a 50% probability of becoming world currencies. The problem with gold is that all countries have serious debts, and no one dares to promise gold exchange, otherwise exports will be destroyed and debt will burst. The problem with Bitcoin is that the basic ecological construction is not sound. But apart from these two, nothing else works, such as carbon emissions, petrocoins.

It's true that it's impossible for bitcoin to replace fiat money. The proof is that currently many countries prohibit bitcoin, how can bitcoin become the world's central currency?

Plus there's only a limited amount of bitcoin for it to be used to circulate on a global economy and it has to be really fast, and I don't think that a lot of people are going to be able to access electronic given that there is still poverty all over the world.

We have to understand the scenario that Bitcoin is decentralized and fiat is centralized, so people will value the centralized currency because they are feeling it and also seeing it physically, Bitcoin can replace fiat and it's possible because searching around, it's noticeable that adoption of cryptocurrency is getting higher everyday, and instead of people to invest with manual business they are all investing digitally currently, so the evidence is clear that within period of time at least twenty year ahead Bitcoin will eliminate the values of fiat via investment.

No it doesn't. US dollar is a world currency but it never needed to replace any other currencies. The same when China puts out digital yuan to be a world currency, it won't mean USD will disappear.

I think crypto people overestimated themselves and underestimated fiat when they said crypto would replace world money.

It already is. People accept bitcoin for payments almost everywhere now. If you are waiting for the government approval, don't wait for that because it won't happen. You don't need anybody's permission to send/receive bitcoin because you know it is decentralized. As you said FIAT currencies are controlled, nobody controls bitcoin, yay.

Some governments in developed countries have started to legalize Bitcoin but still will never be able to replace Fiat as the main currency. Bitcoin is too volatile with greater risk. Bitcoin can only be an option payment that can be selected or not. Bitcoin or crypto does have more advanced technology and this will also be a very good potential. But still bitcoin will never be able to become the world's central currency no matter what.

A unified currency? It might be a good thing to unite the countries, but unfortunately the implementation won't be that easy. First, if bitcoin is being a world central currency, who has the responsibility to control it? Of course there need someone who are able to control that, or else things will take a bad turn. Inflation might be a really bad problem, unstable economic situation might happen as well since bitcoin price is really volatile, and also unfortunately, even in this world there are still a lot of places that have no internet connection even until now, so it will be hard for bitcoin to be used as unfied currency, at least not for upcoming years.

- The currency of a country is the heart and the road connecting the government with the people, besides, it also shows their public presence in the world, they also have sovereignty and personal products, the alternative will become an alarming indicator of the state of their existence, how bitcoin can break those principles and be accepted as an alternative to the nation's currency. The world monetary center still doesn't have enough space and tolerance for bitcoin, bitcoin is just a small topic in the global arena, not updated too much

The said topic has been talked about so many times in so many different ways and thought builds that I can barely even stop myself from being annoyed by this topic. Clearly the answer is easy with common sense and it obviously is a no. The reasons as to why so are more than the very few reasons as to why bitcoins should become the world central currency. If you go ahead and try to read through the topics related to this, you will be bombarded with a lot of significant ideas and reasoning behind them that would certainly satisfy you. All you have to do is allocate enough time in searching about this topic.

Limited supply is not the issue for the governments and central banks. The real issue here is decentralization. The governments don't like a currency which they can't control. They want a centralized currency, which can be manipulated and controlled. So unless the political system changes in a big way, I don't think that there is a great chance of Bitcoin being accepted on a global scale by the governments. Anyway, Bitcoin doesn't need the governmental support. It is designed in such a way.

I really agree with this if the governments of various countries that are now rejecting bitcoin, can return to accepting bitcoin with a positive and open mind.. hope bitcoin can become a payment center that can be recognized by all countries... apart from the bad side for a country, because there are still many countries whose representatives of the government are not responsible for corruption and money laundering with bitcoin so as not to be detected.

I don't think it's possible for Bitcoin to become a global central currency, because every country has its own regulations, especially when it comes to the use of existing local currencies.  most governments are certainly worried that if Bitcoin is free to use for transaction purposes, it is likely that most people will switch to using Bitcoin.  Moreover, foreign tourists will feel free to use Bitcoin if government policies are able to relax the rules that have been put in place

But why only BTC???
Is this so powerful and stable that you say that? We are empowering this coin! So? We can reroute :)) we can say like this

Based on current situation, it really is not going to happen. If it does happen, be prepared to pay absurd fees for transacting anything. Look at how crazy the fees are when the network is underload. Now imagine the whole world using bitcoin at once. You will have to pay insane fees to get your transaction included in a block. Something has to be done about this. We need a proper solution that won't comprise the current protocols and security measures bitcoin has taken. Or else bitcoin is always going to be a store of value. Not a regular currency that can be used for day to day transaction.

It actually can if the governments give green light to this. But they won't which I'm sure of. They wouldn't like their digital currency to lose huge amount of importance and value. I don't expect to see this happening in any big country especially.

No it couldn't the government wouldn't let it happen simple as that.
How could a decentralized currency be the central currency of the world?
As much as I dream or want it to happen we need to face reality and know that it is impossible even for a country.

I guess thinking that BTC can be possibly become the world central currency is too early, I mean the world isn't adopting bitcoin yet or even appreciating the presence of cryptocurrency in the world market. But I believe that this is possible but if it would be happen I guess but it would take time until every nation in the world agrees to use this as world central currency. But at the same time I guess bitcoin could be adopted as world central currency when it comes to trading industry of each nation but not as the circulating currency in a certain nation, not until all of the people in a certain country has good internet connection and a gadget or tools to use in dealing with bitcoin then it would be possible.

It isn't just too early, it is impossible.  The government wanted control and Bitcoin just do the opposite.  They can be adopted by several countries, yes, but to be a central currency is a big no.  Instead of using Bitcoin as a central currency, this government will just create a new blockchain-based currency that they have full control.

Whether Bitcoin can become the mainstream currency in the world depends on the number of people who accept Bitcoin as a hard currency, and the number of Bitcoins that can match the development of the economy.

Bitcoin is losing when we think of the probability of something like this to happen. Because it is volatile. This could be the main reason that prevents it from reaching that high level.

PRobably to the governments around the world because if they see the base currency USD won't be acceptable for trading due to the depreciating value, their trading partners may not see it fit to use. Just like what happened in Zimbabwe, they are adopting USD because the local currency they have loses its value anymore.

If nothing seems to be better to use and other countries will refuse Yuan or EURO, they may agree to use BTC. possibilities are high because they are not making laws and regulations to cryptocurrency. BTC could become the world reserve currency.

There are many ways that the world can achieve peace and I don’t think that the currency we are all making use of has anything to do with whether we have peace or not. For us to achieve peace in this world, what we are all going to be needing is understanding and tolerance.

Having understanding among every ethnic groups, religion, race, etc. is the first thing that is going to help us on our quest of achieving peace all around the world. If you check right now, some of the problems we are having at this time is being caused by religion and race; if you check you will see some people from a different race who lacks understanding, hating on another race. And then you will also see people of a particular religion hating on other religious groups. So we very well need understanding and tolerance, before any other thing.

Honestly speaking I don't see bitcoin becoming the global currency because it got so many limitations to why it can't actually be accepted as the world central currency, bitcoin is an alternative currency and also an asset for investment. Bitcoin can be accepted as a means of payments by many big investors and companies and can possibly be abducted in many countries but won't really replace fiat, most government won't even agree on giving up on their country's currency because there got full charge and control of it.

Well, the fact that bitcoin is decentralized and the government can't control it, it will never happen that bitcoin will become the world's central currency.
Perhaps bitcoin will become the world's good alternative currency in all local currency because it can be used to send money across the world and it is everywhere. Let us face the fact that bitcoin is good for storing and saving value, people did not intend bitcoin as a payment, they think bitcoin is a form of investment that you have to hold your bitcoin. There are too many factors to consider before bitcoin becomes the bitcoin become the world's central currency.

In terms of implementation there is more chances of risk, because to make every country get adopted to the usage of bitcoin/cryptocurrencies isn't an easy thing. As there is limitation in the number of bitcoin available for usage there is very less chance of inflation. Maybe in the next twenty years we can experience the change, as countries have begun to announce bitcoin as legal tender and the first being El Salvador.

I also think bitcoin is not yet going to be a unified currency at this early time because even if there are already numerous countries who have extend their interest in crypto, their own government is still the first reason why bitcoin is not accepted.

But as the time goes by, we can expect changes that will be inevitable. I expect that more people will discover about bitcoin not just as a good store of value but also as a good currency that can be a good option to use when people gets sick using fiat. And once this will happen, adoption from its users might be possible even bitcoin banning is still visible.

I think in the future bitcoin will become the central currency of the world. From the beginning of 2021 until now, the cryptocurrency market has witnessed many fluctuations, with the focus of attention being  bitcoin. The bitcoin price continuously broke records, suddenly turned sharply lower and recovered in a short time. Bitcoin is making a big impact globally.

Maybe, I mean there is a huge chance but not it becomes the main currency, it will be just an alternative for fiat money. Whether we like it or not, Fiat money couldn't vanish and to find no reason why it has to be.
But it takes years, several years before this will happen. We know the situation and still, a lot of countries are against crypto. Maybe it is needed for their support as well before Bitcoin finally becomes a legal currency globally.

I guess that will never happen, even if bitcoin becomes the top he will not be the center of the whole world, there will still always be backups of fiat. I just agree bitcoin is a testament to the progress of a centralized fiat system, they have a decentralized system. and a technological advancement.

I don't think you're wrong, because every pope always wants to signify the market, and that's happening to bitcoin now. Like when Elon Musk supported bitcoin, then he manipulated the market. That is one of the truths you say, I think this is the weakness of the decentralized system.

I'm sure it will not do this ever. It's decentralization and volatility wouldn't let it to do so. And if BTC will lost it, the whole point of BTC will be lost too.

I actually think differently from you
Bitcoin really has a big opportunity to become the world central currency

maybe not in the near future but it's definitely heading there
Volatile prices should not actually be used as a reference, because that means we consider Bitcoin the same as fiat

At present, bitcoin will not become the currency of the world's central bank. The market of bitcoin has not stabilized and fluctuates greatly. In order to stabilize the situation, the government will not let bitcoin become the currency of the world's central bank.

Most people in today's world do not understand or recognize bitcoin. This also restricts bitcoin to a certain extent. But I always believe that bitcoin can become the world's central bank currency in the near future.

Cannot be ascertained because there are still many concerns being considered, however there are still many people/governments who consider the risks due to the nature of bitcoin itself. If we look at it from the bright side, I think it would be and can coexist with ordinary currencies, like a tool for a more modern and useful economic life.

Yes, there are many other ways that the world will achieve peace but the issue of unified currency is not out of point. In your comment you were saying different races. Yes, these races are attached to their identity. Currency is a national identity. When a race is hated, its currency is hated too. Trade among this race becomes very difficult

Currency is a general equivalent, a yardstick used to measure value and a medium of exchange value. Value exchange forms a market. The market is part of the economy, and economy and politics are closely related. If a country uses Bitcoin to replace legal currency as currency, it is equivalent to tying the country’s economy with Bitcoin. Judging from the current market and monitoring, Bitcoin, a digital asset, is extremely susceptible to manipulation by capital, which is important for national politics and Economic stability is obviously not desirable.

I don't think so, in my opinion, if bitcoin is seen as a fiat currency and can be used by everyone, and can be traded with bitcoin, I think the price of bitcoin will go down, and bitcoin will no longer have a lot of interest, because we can no longer be an investment, and we can't use bitcoin itself, so leave bitcoin where it is, so we can make money in bitcoin..

Not possible, imagine a main currency being easily manipulated by whales, an unstable currency cannot be considered as a main medium of exchange. Economy will easily crash if crypto will be used as a main currency. But, there is no doubt it can be one of the best alternative to cash.

Even though Bitcoin can solve some issues in the system of our money, I don't think it's possible for now. People of interest can still benefit from it.
It's already an alternative for fiat for some of us. It has a long way to go; the vulnerabilities based on its volatility can be detrimental to its image, limiting new users to come.

Let's look at it critically, though it may not be used in place of fiat or for direct exchange except with merchants that accept it because even at the moment,  some merchants do but then, it could be incorporated in lto the banking systems for fiat exchange. I'm just trying to see a possibility but still, that would be subject to a lot of national policy as well as price rate and taxing. Its one way the government can actually take the bitcoin that exists but then, this would be a promotion for black market exchanges to strive as well as promoting bitcoin, spreading its universality as well.

Although, it been accepted as a currency of the world, I seriously won't expect this to happen. The world has never been a unified place, there are lots of organisations out there that have or are attempting this especially the UN and have not been able to merge nations not to talk of bitcoin, a decentralized system being a unifying factor for centralization. I don't see how this would work.

I think bitcoin is already serving a purpose that is close to that, there are lots of ways that bitcoin serves us for a greater purpose. By being a decentralized currency, it makes it a central currency that a lot of people can make use of; everyone around the world is free to make use of bitcoin, there is no restrictions since it is not controlled by anyone or organization, it is open to everyone that wants to make use of it, even if it is banned you can still access it in one or the other. But there are also other methods that are fulfilling the same purpose, and I don’t think any one of them is going to be the main currency that people will be using.

Governments all over the world never agree in creating peace and harmony, so we should not expect them in making bitcoin as a central currency. Most of world problems (like unjust distribution of wealth) will be solved if we have a central currency to whom everyone has equal access but thats a dream and will remain dream. 

It will be difficult to say yes completely that btc can become the world central currency, just as it is difficult to say a complete "no" as well, for reasons being that there are no certainties and the things which are probable are not many.

It is possible to say btc can become amongst the world's central currency over time, but it will not come easy because most governments in some countries do not easily subscribe for what they cannot completely control or influence. So if btc is to be used and adopted by major world countries, it might result in some change of some things that make cryptocurrency unique from the traditional centralised fiat.

Bitcoin can't be the world central currency but it can be an alternative to a fiat currency. Bitcoin is not yet fully accepted anywhere and there are also many things to consider as a currency but bitcoin is a useful digital currency and can be use in many ways not only as investment but also as payment method. But although bitcoin is useful, it's still impossible to be a world currency because we know that government of other countries are against about it because of being a decentralized currency.

What do you mean by different Bitcoin? Is there another Bitcoin that exists?

Anyways, Bitcoin has already been used and legalized in some countries. And I believe in the domino effect which I think that many countries will follow. Of course, the adoption won't be so fast (that is what we expect), maybe we could see 10 years from now, almost all countries are legalizing Bitcoin. Who knows, right? But for now, we are still far from it, the development is slow, well, it is might because of some factors and the banning of crypto in some countries making people give a doubt.

Legalization will not make Bitcoin a central currency, because as long as the USD is still strong, Bitcoin will be difficult to replace the existence of FIAT currencies.
Owning and using BTC for current transactions is quite a drain on transaction fees, it is not recommended if you use it for daily purposes. But it is possible to use it to buy expensive items that cannot be done using a credit card.

Do you mean that it will replace fiat? If so I think it will be hard for bitcoin to be world central currency. Fiat has been for so long, and it's been adapting too well, so it will be really hard to change our currency to a new one, especially technology based one since the technology is not well adapted yet, so i think it will be hard. Not impossible, but might took so long time to happen.

Yes, I strongly believe that Bitcoin will one day become a world central currency.

When ai speak to several people as regards the Bitcoin white paper that satoshi came up with; I refer to it as the " 9 pages that changed the world's financial system "

Satoshi's initial plan was just for simple transactions.. P2P.
That's all. However, over 12 years we have seen that it's more than just that. It's a financial revolution that is just about to happen.

Consider El Salvador, these guys just pulled a major plug in the whole Blockchain and Crypto Space. There's more and more to come. We just have to embrace Bitcoin wholeheartedly.

My simple thoughts

I don't understand why many people are hoping Bitcoin would be a central currency. I don't think it was ever designed to be one and I don't think it would ever be. Except it becomes centralized. meaning it can be influenced by a third party (the government).
The last thing you want is a Bitcoin influenced by the government

The fact that Bitcoin is not serving as a currency is not an imperfection rather its a peculiarity. No one can change this fact.

If you mean BTC to be a single world currency, I think the chance is almost impossible. The government doesn't like a decentralized system on BTC, they cannot control the price at all. I am sure the government prefers to stay with fiats than move to BTC. Fiats is easier to use at any place because it doesn't need the network. While BTC requires the network to use it. Not all people want to use digital currency for payment purposes.

Its not almost impossible but rather its totally impossible.There would be no single currency neither it would be fiat or crypto because governments around the world wouldnt really tend to deal with single currency
and we know that there are lots of types of government which wont really be fitting out on a single currency and this is where we do see lots of fiat on specific countries that we do have globally.
Bitcoin does have the potential but it would really be just remaining on the market that is currently serving which is on that total decentralization.

I don't think bitcoin is ever a central currency. Because each country needs its own currency. Bitcoin should be incorporated as a monetary alternative, we do not have to wait for an idea like OP raises. It is better that bitcoin is independent as always, that we have the opportunity to choose I agree.
If Bitcoin has worked for many of us it is time that more people know how to incorporate it into their monetary resources.
The process has been slow but in my opinion we are on the right track.
The need for new technologies in finance will make bitcoin enter more places around the world.

In countries and regions with imperfect financial systems, the supply of traditional currency services is insufficient and digital cryptocurrencies like Bitcoin may provide viable alternatives.
Judging from the current development of Bitcoin, it is obvious that more and more people are understanding and understanding Bitcoin. Bitcoin can not only be invested, but also used as currency. But bitcoin will still be restricted by many countries. Although its storage value is obvious, its monetary attributes are likely to be replaced by other digital currencies.And the price of Bitcoin fluctuates too much. Even if the price of Bitcoin tends to stabilize in the future, its deflationary nature will not become a global currency.

Just imagine if Bitcoin becomes the world's central currency, looking at Bitcoin's volatility now and looking at Bitcoin's volatility if it becomes the world's central currency, it would be much worse than it is right now, so a lot of people will actually say no, the volatility now is actually high, we can't entrust everything at a currency with this much volatility.

I think Bitcoin can and will certainly become the world central currency. Sure, governments are a huge factor in hindering that from coming true but I believe a state of balance between Bitcoin and governments will be put forward since Bitcoin is irresistible.
I know people don't like USD in dominating the world currency and the inflation followed, sometimes I feel bad about that, too. the only weapon available is Bitcoin. if all people in the globe reach a consensus on Bitcoin, then I'm sure governments have to accept and adapt to Bitcoin.
Satoshi gave us the chance and we must seize on it to end the current system which is unfair and wild. we need to support Bitcoin and make it a consensus.

very big opportunity for bitcoin to become a unifying future of the world...

as jack Dorsey said in an interview that bitcoin will become a unifier of the world so he focused on developing a lighting network. when many small countries adopt bitcoin as a legal tender, large countries cannot refuse bitcoin adoption.

There are many chances that BTC become the world central currency because this is modern world and new modern Currency is introduced. BTC is most valuable coin in digital currency because of its dumping or pumping price. It will be source of payment in future tesla company is part of the success of this coin. We can predict from this success it will be a payment asset in future.

Though crypto is already accepted by most developed countries but the question is can we predict the use of crypto as the central currency? The future for that is possible but it will take a longer while, am not sure in this generation maybe next, but the volatility and fluctuations is the major concern to be considered before it adoption as the world central currency.

Bitcoin made huge leaps in technology by showing us that a transparent and globally unified cryptocurrency is possible by utilizing mass computing power. However the amount in circulation is nowhere near enough for all the regular transactions taking place every day and the network behind it is not as efficient as already existing payment systems like Visa/Mastercard. It definitely has a purpose and is great for moving larger amounts of money around, but it is simply unfeasible to become the primary currency for that reason. Now, it has laid the groundwork and maybe some other cryptocurrency is able to achieve this goal in future - most likely with much larger and flexible supplies (similar to a central banks ability to "print money" which isn't always a bad thing).

"Worlds central currency" ? Really? Wake up from your dream. I think such day will never come, or at least not in our century. When two neighbor  countries can not come to an agreement in political and economical question, how can hundred of countries agree to have one central currency? This is simply unreal. And what about pride for a national currency? History? Take US dollar for example. How old it is? It is most popular currency and still not a worlds central currency.

Reason why it won't happen. Not all people know how to use technology but it won't stop other people to use it but world central currency?. That's a big no. How about buying a grocery and that person doesn't have a lot of bitcoin and yet wanted to buy using a small amount of bitcoin and what do you think will happen if the transaction fee is higher than the amount and it will cost you more just buying a grocery or even buying vegetables for cooking later. This is why fiat currency is used for as it also existed a long time.

I agree with those who say it's not possible to happen. We live in globalized world characterized by centralization of power in fewer hands which are united in factions, organizations and oligarchies in different parts of the world, but all of them connected by the common goal that is to suppress the regional cultures and individual freedom.
Bitcoin as it is right now looks like a threat to these people. For this reason I don't see why they would consider it as a world central currency. It's more interesting for them to create their own crypto currencies as some countries and big techs are already doing right now.

On the other hand, if these globalists are able to hold at least 51% of the bitcoin supply they could subvert the decentralized nature of the crypto currency, turning it into the world central currency. Although it's almost impossible to happen I think the desire does exist and that is why we see a lot of manipulation attempts in the market. They do this to incentive the weak hands to drop their coins, so the whales can keep buying and accumulating more and more coins within time.

There are a lot of reason why BTC can't be central currency in world. I mean there are a lot of people who still not reach fiat digital payment yet. And in fiat they still can use traditional way when they give their money directly. Bitcoin need anything that maybe not all people can reach for example internet and device. Maybe will be good if bitcojn and fiat stay together with their own function.

It's a good question that everyone is curious about a certain answer of it. In my opinion, this is not very possible. Because Bitcoin is a volatile cryptocurrency. Maybe its volatility is getting lower in time (which I don't believe so) but the volatility will never be gone. This is the nature of Bitcoin. It's been like that since it was first released. Governments wouldn't lean towards making it legal tender that easy. For now, there are only some developing countries that are aiming to do so. Developed countries are searching for ways to keep their currency's value and they are developing their own digital currencies at the same time.

Short answer: No;
Long answer: Possibly.

The reason is that, in order for BTC to be considered as the world central currency, it is essential and vital that all countries must accept it to be the main legal tender in transactions. In addition, almost all countries must be technological adapted when they implement BTC as the world currency since it requires the connection of the internet in order to have a stable transaction.
 
However, imagine that the world central currency has a cap of 21 million. This would result to an inflation of its price where people would purchase it at a high price in order to transact.

It might be possible in the future but for now, the chance is very slim. Bitcoin has been getting a lot of restrictions even if there's a lot of countries now who wants to get involve in bitcoin. But the fact that the government personally is not supporting it, then it would be hard for bitcoin to become a world central currency.

And being a currency with high volatility, i don't think it will  serve as a world currency if the value is not fixed. Because as far as i know, its volatility will always be there and might only be reduced if the government start controlling it.

Bitcoin and fiat both have advantages and disadvantages so that Bitcoin will not be separated from Fiat and Bitcoin will never be able to replace Fiat. In the digital era like today, Fiat is even widely available in digital form with faster and more efficient types of transactions using smartphone devices.
Bitcoin is still constrained by fees that are too large, but bitcoin is good every time
transactions will be recorded and will not be deleted by anyone and transparent.

Fiat remains the main currency used by the public and Bitcoin is one of the other options that can be chosen.

Bitcoin being the world Central currency isn't gonna happen for now. Maybe in the future it has high chance, because of more corporate networks involvement into the usage of cryptocurrencies and development of their own cryptocurrencies tied to the Bitcoin network. As an user mentioned, there are people who aren't aware of digital fiat and there are regions where there is no internet access. Bitcoin needs internet connectivity for accessing. Likewise several hurdles need to be overcome to reach the mainstream adoption through which it can move towards the next level. This gradual move could make it the central currency after fifty years.

Can the world come together? No! Because people's opinions differ, you cannot expect them to act your way. Bitcoin can never become the world central currency cause they'll always be criticisms from people. And if it even became the world central currency, then there's a need to be afraid. But this can't be. Not with the decentralization that Bitcoin offers. Governments are seeking to even rip it off from those who are already using it.

I'm not really sure about that. If that would be a central currency I'm sure that many people will use it and use it in illegal ways like private transaction or anonymous transaction and money laundering I don't think all the governments would not agree to let this happen, I'm not really sure about the consequences but I'm sure that it's impossible to happen right now.

I don’t think Bitcoin will be able to establish itself as the world’s central currency. There are many reasons behind this. Because Bitcoin is a decentralized cryptocurrency, it cannot be controlled by the government and certain individuals. Moreover, due to the decentralized nature of Bitcoin, it is highly unstable and therefore cannot be considered as the central currency of the world. Moreover, since the origin and use of Bitcoin are not dependent on the economic development of a country, it is difficult to determine the economic growth and potential of a country by it. So it can be said that Bitcoin is very unlikely to be considered as the central currency of the world.

The government is really trying to isolate bitcoin from most users due to the ideology it brings but this separation seems to be tightening ties and pushing up high confidence in bitcoin and its ability to free people from government influence, the metric of popularity is also drawing a scenario where bitcoin will soon be used by most people. However, the upper class and the management are the guidelines of the social world, the lower classes can come together but without the consent of the leaders, bitcoin is still just a system normal

Its hard to think that it will happen while the fact is even even dollar didn't succeed to be the 1 world currency even if how rich this country is and how strong tge law they have so maybe the idea of bitcoin to go thru that far is so impossible maybe for now we should enjoy the benefits of having bircoing on our pockets.

No it can't. In my opinion btc can never handle the wolrd economy to change every countries fiat currency, yes btc are now legal to other country to use as mode of payment but we all know that other countries not accepting it because of its volatility. Btc is not the only crypto currency that can we use to replace the fiat money but some other country can make their own crypto to be able become cashless society as trend of changes in the economy if the world economy will implement the use of crypto currency to replace the fiat money of every country.

It is impossible for now. And if it becomes a world currency, the governments of every country will stop it. There are also countries that ban Bitcoin or Bitcoin mining.
However, if the volatility of Bitcoin is gradually reduced in the future, it may be allowed to be used worldwide. Because it is more convenient to use globally.

it's not that easy to change bitcoin into currency,, because the human resource factor of each country is different, and also people's understanding of bitcoin is not yet fully understood by people, there are still difficulties in using or transacting with bitcoin..

I think BTC will stay as digital gold. We're not using gold as currency. And also BTC is decentralized. How can it be central currency? I don't think we'll have one. But it's great that crypto can be easily sent from any point of the globe.

it is still difficult to make bitcoin a global currency but it does not rule out the possibility that bitcoin can be an alternative currency that can be used to transact digitally and is recognized globally
Currently, an international currency or alternative currency is needed for online store transactions between countries

Bitcoin is not a currency to be traded like in general, paper money, digital Bitcoin that can be exchanged for paper currency, In digital form and paper money, there are far differences, very far both from the physical, the manufacture and also who controls it.

You need to know, the world bank will never make Bitcoin a unified currency as you say, the world bank will never consider Bitcoin as a legal currency, more inclined to digital online or as a medium of exchange.

There are several reasons Banks cannot make Bitcoin a unified currency.
1. The creator of Bitcoin is unclear, although what people know is that Bitcoin was created by satoshi.
2. Bitcoin is not in physical form, like paper money, only based on online transactions and prices are not as stable as currencies in general.
For example: today the price is $30k two hours later it could be $25k or vice versa, this kind of nature can disrupt the world, the biggest risk and negative effect for the world.

Another example: you are a car dealer, selling and buying, today you buy a car in a warehouse at a price of 1 Bitcoin/unit at a price of $ 30k, today your car has not been sold, tomorrow someone wants to buy the car in Btc, because they know the price of the car and the Bitcoin price for that day is $20k, the loser in this case is the trader/buyer profit, if measured by Bitcoin, something like this if it happened the world could go berserk.

For this reason because Bitcoin is not as stable as paper currency in general, it is certain and guaranteed that it cannot be made as an integrated currency by every bank, let alone a central / world bank.

The current system, which uses fiat currency is not a very sustainable one. The governments are taking loans like there is no tomorrow and the det-to-GDP ratio is already higher than 100% for most of the countries. At some point, it is going to implode. We already saw this happening in certain countries such as Greece and Cyprus. A higher debt ratio means that the national currencies will rapidly lose their purchasing power and those who have savings denominated in the fiat ends up on the losing side. Bitcoin can emerge as a hedge in such situations.

Although Bitcoin is gradually being accepted by more and more countries, it has certain advantages over fiat currencies. But it is still impossible for Bitcoin to become a global currency.

• Bitcoin is more expensive for daily small consumption payments.
• Bitcoin's volatile price makes it incapable of playing the role of a global currency. Large fluctuations in purchasing power are something that bitcoin can bear, but it is not something that ordinary people can bear.
• Bitcoin is not yet fully popularized. More people's perception of Bitcoin is still a scam, without realizing the benefits it brings, and not having a correct understanding of Bitcoin.

it seems that it is not easy to replace the existing fiat currency and has become a legal exchange and is recognized throughout the world, even if you want to force it, it may only be able to support it.

after all, fiat money will always remain the money that is used as a legal medium of exchange, because fiat currency has been used for a long time and it is not easy to replace it even though there are changes due to the advanced technological situation. to remember that every country has created digital currency and there are still limitations compared to fiat money. so crypto will be used only to make up for the shortfall of fiat transactions.

It's more unlikely to ever happen to be honest because it's limited in supply and it's too expensive to be used solely for currency to spend on transactions. Maybe you're right that we will find a way towards it that it's possible to use it like a currency even with a limited supply.

I don't think bitcoin can be the central currency of the world, where bitcoin is still being rejected in every destabilized country, there is no admin or controller it is a big risk factor for the government because they need a place where they have to discuss and fix problems that occur, and another factor, namely the price of bitcoin which is not certain and enough, even in 1 bitcoin it takes 57k $ even though it can be obtained in the form of cents there are still those who can't have it

  My answer is a Big NO  and it can't be a central currency. More people experience difficulties specially at Young age they can not verify because of their age and also they don't have a primary ID to get verified in the system,and it's a big risk for us specially Cryptocurrencies is an Volatile.

I don't think bitcoin can be the central currency of the world. we know that bitcoin price movements are difficult to predict. Bitcoin is unstable and will continue to move up and down so this makes it less likely for it to become a central currency. Bitcoin is more suitable to be used as an investment, in fact the opportunity to soar is greater as it is today. Most people already know about bitcoin. The number 1 coin in cryptocurrency whose price is the most fantastic among others. Many are hunted but bitcoin has a threshold.

I don't think it's possible if bitcoin becomes a world central currency. We know for ourselves that Bitcoin is unstable because the price is always up and down and hard to predict. Even smart people can't predict market developments with certainty. So I don't think Bitcoin can be a world central currency. What is more appropriate now is to make Bitcoin an investment tool because it can be profitable. There are also many Bitcoin projects that are fairly good, so instead of thinking about the impossible, we better move to take advantage of opportunities that can lead us to profit.

Every strong system come to an end one day because of its flaws. The inflation is now ever increasing in this fiat system that it will very soon collapse and bitcoin will be ready to replace the world currency.

I think no, the ruling strata need controlled finances.

We don't know that for sure, maybe they will see the merit of using bitcoin as a reserve currency, maybe they see that it can help them increase their control, influence or wealth. We don't know how the real owners think so it's going to be hard for us to actually know what's going behind those corrupt and greedy minds.

Bitcoin is indeed more suitable to be used as an investment tool than central currency, in my opinion.
The reason is as you said, the high fluctuating price of Bitcoin is very unlikely to be used for central currency, but if it is used as an investment tool then it makes more sense and is more profitable.

It is a long way to go, honestly. We are still at the very beginning trying to attract more support from the community and from the government as well but was very unfortunate which we can see that some countries are declining such huge development in the world of currency. I'm not getting hopeless at this time and besides, the adoption keeps growing even we can feel it was very slow, at least, we can say that there will be a perfect time for this. Though it can't be a world currency at least we could consider it as a legal currency worldwide, not only in a specific area or country.

A thousand no's to this one. Why would you want a decentralized cryptocurrency to be a world central currency? It can a major currency along with the other most frequently used and powerful currencies but as THE currency. For one, The volatility of Bitcoin alone will make a person hesitate to use it as a mode of payment, especially those that of the small consumption or small payments like the ones with a cheap or small price.

True, world finance is very complicated, decentralization is like a roller coaster, there will be speculators who play the price of bitcoin so as to make the price of commodity goods and services unclear, this will create new problems so I think bitcoin and crypto is not the solution to become the world central currency.

I don't think bitcoin will ever be the world's central currency.

Foremost, bitcoin is decentralized. If it will be nominated to become a global currency, it will lose its true nature. It can't be centralized and shouldn't be. Hence it's really impossible to happen. Second, the government is against everything they cannot control. Since bitcoin is decentralized, they wouldn't want it to take over because they can't regulate it much compared with fiat. Third, bitcoin is volatile. If they will make it as a global currency, they will risk so much of their resources. They don't want that. Fourth, bitcoin is scarce. It has a very limited supply. The government cannot just produce and print it like what they usually do with fiat. Lastly, bitcoin isn't recognized as currency by the government. So why would they even thought of making it a global currency? They don't acknowledge the cryptocurrencies purchasing power because it isn't legalized to most countries yet because of the aforementioned reasons.

Aside from all of this, the a lot of features must have to improve first before diving into mass adoption and into world domination (btc being global currency/reserve asset). Transaction fees are still very high while processing time takes so long to be confirmed. Hopefully these things will be enhanced for the betterment of the community and users' experience.

No one can say that for sure. So I prefer we say "an inventor known as Satoshi Nakamoto."




Wonder what you mean by "Unified Currency for the whole World",   you mean like a One global currency without fiats , One Global currency without altcoins, or a Global currency with fiats & altcoins. I don't see why it shouldn't latter.... Should be that just incase your country requires you to have a mark of loyalty in order to buy and sell, then you can always flee to the available well decentralized currencies/currency.

Yes no dout Btc more famous crypto and have a bright future but may b not because it's crypto and in crypto everything is possible  so becarefull.

I read the news that several countries have legalized bitcoin and now that country has made many changes for the better. Is this proof that if bitcoin becomes the world's central currency, the world will be better off, but I think if bitcoin is made into a currency? the center of the world maybe in a matter of hours there are people who will be suddenly poor or vice versa suddenly rich by holding bitcoin because basically the price of bitcoin is unstable and can change at any time.

The way Bitcoin is growing in popularity, it is safe to say that Bitcoin will become a central currency for the foreseeable future.Many countries are approving bitcoin anew, many countries are again on bitcoin Urging the imposition of taxes. So wait for you to become the center of Bitcoin.

Am very sure bitcoin will never be allowed and a general currency due to so many reasons and even if other countries accept it I believe China and united state will never accept and if those two countries don't accept it I don't really think that will be possible most expecially if united state don't really accept it as a general currency in there country then it can't be possible. Bitcoin is number one degital currency, bitcoin have been very popular and lot's of people have been adopting bitcoin but it won't still be accepted all over the world but it can easily be used as payment method in some places and some companies are beginning to pay their worker's with bitcoin which is very nice.

Dont know about temporary currency system but would rather be an alternative decentralized payment system which is totally opposing centralization and with that alone, you could already tell that government wouldnt

really let this thing to happen that something decentralized would become mainstream or main currency and thinking off realistically on where bitcoin doesnt really fit out on some aspect which fiat could simply do.

Just let it be and it would be better on not minding about this stuff and mind off that we do have at least some options.

You are saying right. But now bitcoin becomes the global currency. The reason is that bitcoin is used from anywhere in the world. And there is no government that is involved in bitcoin price movements. And its supply is limited. No one can increase their supply as we compare it with our local currencies. But it is the best currency for investing money.

a country will not give up their currency but Bitcoin can be used alongside with the digital currencies that they're now developing. it's not gonna affect the income of the people whether they are paid in BTC or digital fiat, is the same thing. it will only affect if they are not going to spend it cause they may see BTC as an investment like we do today.

Bans from countries like China, Turkey, Russia, Egypt, Vietnam and etc., it would be really hard to have a one world currency. Ideology and perspective by each country differs so uniting them would be really hard but I think in the future it will. When World War III happens and a new world order happen where a central government governs the world according to scriptures.