Bitcoin Forum

its easily the strongest cryptocurrency valued 450 times more than the US dollar

the first Super currency and  the best store of wealth due to its cryptographic  network strength

I find this article

Bitcoin to Be the National Currency of Atlantis, Really (http://www.newsbtc.com/2015/12/13/bitcoin-atlantis-currency/)
 Welcome to Liberland: Where Bitcoin is the National Currency (https://www.cryptocoinsnews.com/welcome-liberland-bitcoin-national-currency/)

in future i believe bitcoin can replace usd  :)

it already has and the market capitalization is staggerring

around a Trilliion as a guess, to replicate the entire Cryptosphere

Hmmm... I think we should be more ambitious... Bitcoin: Global currency of the Earth, the Moon, the Mars... the Universe!

Indeed. In bitcoin we trust.

I hate to say this, but Bitcoin is too small overall in order for it to be the currency of -whatever-. And I don't mean small as in user base, I mean the divisions are too small.

As it stands, if every satoshi was worth $1, the market cap would be ~2.1 trillion, if I remember correctly, and thus would be too small to replace the current monetary system. Hypothetically it could, but there would be too many outstanding debts, or anything really, in order for it to be able to fully integrate itself into society.

I can see it becoming a global currency since we see a collapse of the current economic system, but that's only because most other money won't mean much anymore.

It is certainly global if you mean it can be transferred anywhere with ease, however.

I am not sure at this time due to various economic and administrative considerations. but someday will happen. bitcoin will become a global currency.

I think it's fitting to say space currency too because there will be satellites in outer space broadcasting the blockchain soon.

Id agree that so a worldwide currency its doing pretty well, and although it's valued more than usd I'd say usd is still used worldwide more.

Just because its more expensive than USD, doesn't mean its better.

BTC is barely used anywhere at all. Which makes it alot less 'valuable' in my eyes.

We'll never have the market cap of USD. I'm sure there are some economists out there that can prove mathematically why.

How we can say 450 time more valued when the units of USD and bitcoins are not same.
But regardless of value, we are experiencing that bitcoin has many obvious reasons to become the global currency of Earth. In this aspect bitcoin will replace gold to be the international medium of exchange.

Very few words and very full and high meaning. It could be enough the fact that bitcoin worth 450 times the value of us dollar (which the most powerful currency of the world) to understand the power of bitcoin. But I think that is nothing compared to the hopes of everyone of us. Can anyone imagine the importance of someone rich with bitcoin? How was possible to not buy more when the price was 40-50 us dollar (the time of my presentation with it)?

Nope, you're too ambitious for this.
We don't even know that they're using a currency system for doing a trade. Unless, if you mean that human will make a colonial on those planets and using Bitcoin as the currency.

and people often forgot about that, its first currency in the world without borders
its unique, its special, people will recognize its qualities in time :)

Approved. Bitcoin is a global currency of Earth, no doubts about that.
Sadly, my friend don't give a fuck about Bitcoin. >:(

Just wait a few years, the USD is losing its status as world reserve currency and globally accepted unit of trade, Bitcoin can and will fill the gap.     

China, Russia and Europe will try to contest with each other to replace the dollar, but eventually Bitcoin will be the best to fill that role.

I agree that in the global sense, Bitcoin is indeed barely used anywhere. But I'm still able to buy almost anything with Bitcoin, either by paying the merchant directly in Bitcoins or through various gift cards that can be purchased with Bitcoin.

Heck, there are even a number of bars in my home city where I can pay with Bitcoin. Given that Bitcoin is still extremely new, I'd say it's doing pretty good in terms of adoption by merchants.

Thats reasonable, Bitcoin is really currency without borders and not controlled by any country - pretty much ideal in global trade. But Bitcoin cannot replace USD and other currencies because with maximum 5 transactions per seconds, it is not enought, even if you increase 1000x the thoroughput (1GB blocks :o), it is not enought for replacing all other currencies

I dont think Bitcoin need to compete with US$. For now it should dig his way to become main currency of internet and best/cheapest way to send money worldwide.

We know that the price while presently stable, can change at any minute and it usually does. This has often led to feelings of distrust and worry amongst users and the general public. Furthermore, companies like BitPay are believed to be cutting their staff in order to save on costs and keep up with bitcoin’s current pace. moreover All the world wide MNC will go with Bitcoin transaction for reduce fees and taxes Then Bitcoin is untouchable position. :)

yes i think it has almost become the global currency of the world

as we can see now bitcoin has appeared almost in everywhere, just in matter of time it will become global and everybody can spend and do transaction with it

I doubt that bitcoin user base will be that large so we would need capacity that huge. Not right now, and probably not in the near future. Bitcoin community as of now is maybe 4-5 mln people, at most!
Until we will need more transactions per second, considering our growth, it could take years. Until then bitcoin core protocol can be changed to answer these problems.

Interesting article,  may someone from liberland can confirming this news?

I agree with your thought process, but the issue is that I am not sure any government has accepted it as a currency.  We can treat it as a currency all we want, but until the government accepts it as a currency, it is going to be hard for it to mainstream.

yes this is bitcoin,and on other post i found fact,that bitcoin become currency of country near Portugal,even i can't believe that all,but i think that is massive news,of cours if that news is trusted.

bitcoin it's the evolution of gold, in a digital way, gold was also the currency in the past of the world, but it did not work quite well too expensive and troublesome to carry on

bitcoin replaced it perfectly as a means of payment, and as a investment also, but still one can argue about the stability, i can say give it more time and youc an compare it to gold perfectly

It is because it's not adopted to any country. You can use it anywhere and everywhere you are. If only merchants and such would accept it more, that would be amazing. I do believe bitcoin has a brighter future than any other currency out there.

It's true what you're saying but the only way for bitcoin to become stronger and bigger worldwide, is when more people are going to start to adapt to it. There's no bitcoin if people don't adapt to it. I think when the time comes that bitcoin becomes so big that different countries will start to ban bitcoin.

Bitcoin won't have enough power to be a currency of earth if we're not supporting it

Support alone is not enough. Bitcoin is a threat to currently existing economic system. Maybe not right now, because we are rather small community, but in couple of years things can change and not even the highest amount of support will convince lawmakers not to create some hardcore version of BitLicense but  with global range.

Its used quite alot imo and blocksize is full, and forget about bitpay shedding staff, shareholders

of all big companies are requesting massive layoffs due to automation from machines and the net,

Someone demanded to know why FB needed more than 10 workers.

I think this is the point.

The fact that it has more value than dollar does not mean much really. It is all in the names. If we call the 1000 dollar note "one grand", we could say "Grands are better than BTC because they have more value".

However, I hope for Bitcoin to be great too!

Really wise and factual lines as of now Bitcoin might be used rarely that's our assumption there are so many people who are using Bitcoin globally especially in China and USA only thing which bothers me about BTC is the stability

it is true , still bitcoin have got only 25% of the earth, and still 75% it have to create awarness, their are still countrys which dont accept bitcoins in any manner. untill it get recognised globally and all transaction are done with bitcoins till then we cannot tell that bitcoin is the global currency of EARTH.

It's only worth $450 because not a lot of people know about it. I think the price of bitcoin could be way higher than it is right now if more people would adapt to it.
Let alone if we have more people who are aware of bitcoin, it would have way more potential.

The Earth is not a globe.

Amen!

Comparing bitcoin is close to impossible. It has so many aspects that are making it greater then any other form of trading, that it is humiliating.
We just need the masses to wake.

People know what happened in cryprus, greece, eventually the world will wake up.

I remember reading stuff like this 5 years ago when bitcoin was worth about a dollar.  ;)

The speed of light limitation will make it impossible to run between Earth and Mars, so you still need interplanet exchanges for crypto currencies but how would that work with the speed of light limitation in place is still a question, maybe in interplanet exchanges the confirmation time must increase to one  hours or longer. It seems only a quantum coin can do instant information propagation in universe (in science fiction like theory)

BTC isn't related to Earth or the Universe. BTC is the global currency of men. If manhood were to disappear, which is definitely a possibility, BTC would disappear as well.

Besides, the US dollar, the Euro, the Chinese or Indian currency all have more than half a billion users. BTC's way behind.

Bitcoin is successful crypto currency , and each day it's growing up and used by more big and famous marketplaces and ewallets online, so we expect it will be the first global currency soon

In Montreal we have a few atm machines but no bars that accept bitcoin.  Which city are you from? 

As the world is turning into one big city there is the need to have a standardized means of exchange. Bitcoin as accomplished just that. It might not be the one that sticks around, but, at least the concept as born.

BTC is barely used anywhere but in the internet and the good thing is everyone uses the cloud so its possible. No one can stop bitcoin even the government. Not unlike they can kill us all.
Gold-money of Gaddafi  was stopped which could have devastated USD thus theories about why he was purposely eliminated.

The choice of 8 decimal places is arbitrary and can be changed, without diluting the value of Bitcoin.  Your math/memory is also off.  If each existing satoshi was worth $1, the total final market cap would be $2.1 quadrillion.

What are you doods smoking here?  Bitcoin is global, yes, but it's a fucking horrible currency!  As it gains value, it encourages hoarding (HODLING) and thus people never use it.  And it's still the plaything of nerds and criminals.  It needs much wider adoption before it becomes an everyday tool for the average person.

It's nice to hope, but damn.  Let's be realistic here.

I can honestly say that bitcoin is the strongest digital currency that i have come across. I am also sure that very many persons across the globe are attesting to this. One great challenge that i see that is pulling bitcoin is the inability of any body to regulate the flow of the coins as it does happen in other currencies. I was thinking that when a body is formed to regulate bitcoins, it will grower stronger that ever before.

Every new user in the ecosystem will push the price up just a tiny bit, since there is less to go around for others. Bitcoin is however gained as much adoption for it to be considered as an actual currency and isn't just some circle jerk between nerds and criminals. The ecosystem has developed tools for people to use in their day-to-day life like debt cards and phone wallets and many more. But realistically we need a lot more development before we could go after the global market.

its already done

this is false, the hoarding encouraged is only momentary because right now bitcoin is very undervalued, at 1k+ or 10k+ you will see a massive usage and spending of bitcoin if it was accepted

what is really discouraging the usage of bitcoin is acceptance which is very restricted nowadays, nothing else, the deflationary system is perfect better than the inflationary crap that fiat is sustaining

Bitcoin is the de facto digital currency. It has the largest market capitalisation. So it can be used as a reserve currency for digital world.

Since you could pretty much consider that everything currently is digital and that ain't going to change. That would make bitcoin the global currency of Earth.

I really doubt that bitcoin will ever replace bitcoin, I have some hope, but deep down, I know it will never happen. I think that the 2 just have to coexist with each other.

Bitcoin will play a big roll in the future of man I am sure but we have a very long way to go and maybe only just get to see it within the next ten to 20 years. You say it is a "Super currency and  the best store of wealth due to its cryptographic  network strength" I agree but we need others to see that as well before it is widely accepted. Time will tell,, if nothing else we know how to store our money in a much safe way than 99% of the planet.

It is pretty sad when I see the inflation is good for currency myth propagated, even between economists. For sure inflation is good for the ones in debt, thus ideal for governments !  :-[

But for savers, inflation is terrible and deflation suits them much better. So you have two sides here and saying one is better for currency is ridicilous. By the way, Bitcoin solve this because the final supply is constant, not increasing or decreasing.

I'm not sure if that's correct; given an infinite amount of time the Bitcoin supply would approach 0 as all the private keys are lost or destroyed. This however isn't a problem as a single satoshi can be infinitely  subdivided to meet demand.

Bitcoin is still not use in every country, but I believe that in the future people will just start using it. I think the most the new generation so the young one will use bitcoin more often than us. When that happens a lot of country will adopt bitcoin.
Later more atm will come for bitcoins so that we just can cash some money with it.

I have no doubt a Bitcoin will be worth $1 million, not so much because of the strength of Bitcoin as a global currency, but because of the inherent weaknesses in the US dollar going forward. Global support and confidence in the dollar is fading while Bitcoin continues to rise. the third world war hasn’t even grasped the value of Bitcoin yet

for atm bitcoin it is launching a year ago, in my country there are have 2 atm bitcoin ( bali and jakarta )
very helpful and received with pleasure by the people around there, but I have never tried it :P

everyone who use and adopt bitcoin will hope like that,but lets be realistic.
so many reason why bitcoin need some years for being global currency,as we know,not many country accept bitcoin,and they also ban it, but if you call bitcoin become global currency,its was true,just not mainstream like paypal or US dollar.

if you are live in san francisco. you can find many sellers who accept bitcoin. bitcoin is really be currency on there?

things will happen if we take some actions. if in your country there aren't many bitcoin merchants or services, you can start your own since you'll be one of the very few that will benefit from the demand. it's basically a win win situation. you are making profits, and you'll also help the bitcoin economy. if we keep waiting, not much will change. if we take action, we can achieve a lot.

True... Bitcoin is designed for globalisation.

Not yet in my opinion but have very good potential to become global currency.
Personally, I believe that soon Bitcoin will become mainstream but we all have to support it and make effort.
When you buy online ask merchants to add bitcoin as payment option, and if they receive many such requests they will accept it.
If you see negative report about bitcoin in media react, send complain etc.
Such small things really can help us to become global currency of Earth :)

Actually the current global currency accepted everywhere is the U.S. Dollar mate. I hope the Bitcoin can displace the greenback someday, but I still can see a strong and healthy Uncle Sam.

It's easy to say it here in the Bitcointalk. There is always at least one point which can be used to support such statement. But let's go and ask people in your city or just family. Who is using Bitcoin? There is a long journey for Bitcoin to be global currency.

Is this correct ? 21,000,000 x 1,00000000 = 21,100,000,000,000,000  surly that's more than 2.1 trillion? 

Yes it's not yet known as the Bitcoin's community wish , but i think if everyone make some effort in advertising this crypto currency and supporting it and talking with his relatives about Bitcoin, this can really help to make it the global currency soon

I'm pretty happy about the bitcoin becomes well known by many people in the world, especially in my country Indonesia the volume market of bitcoin became higher. It shows that bitcoin to be well known in my country..

yeah every day bitcoin trade there are more than 2000 BTC in the Indonesian market, quite amazing, proving that bitcoin users in Indonesia is very much :D

Great ambitions bitcoin is already a global currency transfer anywhere in the world. But i doubt it will come close to the USD

yes true bitcoin has spread to all corners of the world,
in various cities have received bitcoin hopefully in the future will be better

That's where altcoins are the turning point in relation to that limitation in bitcoin.

Actually I sincerely don't think bitcoin will be the most used digital coin, since there are better platforms out there, better transaction speeds, etc.

bitcoin still not accepted in all countries because some countries also banned bitcoin but i hope in the future they will regret their decision and accepted bitcoin in their countries

all countries would maintain their currency so as not to fall. if bitcoin legalized it would be very risky for the currency of the country. but we'll see what happens in the future

I dont think it will easy,bitcoin just crypto currency,it cannot be global currency in the world,because so many country not accept bitcoin,but if we try to advertise and introducing to people,it will happen in some years.

What kinds of business accept Bitcoin in San Francisco.  I am working on bringing Bitcoin to more companies here in Pennsylvania; however it is a hard start for some of the companies to get involved.  Just looking for ideas on which businesses I should start with.

yeah i agree. for me, everything have 2 sides like coin. good side, and bad side
on the good side we see btc is more expensive than USD, but on the bad side there are still many problems in BTC

Commenting on whether its deserves to be called global currency is merely a simple task but in my eyes its deserves to be called as global currency which can be proved by checking the percentage of online transactions are taking place with bitcoin and the advantages we can have by using bitcoin as currency.

They planning 24 Bitcoin satellites on earth orbit  ;D
http://www.coindesk.com/bitcoin-nanosatellites-orbit-earth-2016/

Eventually bitcoin will be the no 1 used currency, which will make bitcoin the no 1. crypto currency used all over the world.

The question is not if, but when this will happen. I honestly think we will achieve this within a decade or so.

of course it is a currency of the whole world its value is pretty high and more and more people are getting interested in how bitcoins work and they try to use it what means that the price should grow even more lets hope countries will start accepting it as a national currency as soon as possible

But still wondering there are many people still did not realizing how useful bitcoin is.. yeah by lower merchants that accepting bictoin in their payment option. Just hoping in the near future we will see a huge merchants whether online nor offline starts accepting bitcoin.

If you are looking to grow your Bitcoin you have to join a MMM Global where you can earn unto 100% per month. Over 140million members world wide and growing. PM me or ask me how you can do the same or open the website link on the left.

For now fiat money is the most use than bitcoin. Maybe in the future it will just a global thing.
Like when you are going to other country no need to convert just pay with bitcoin. That would be nice so I am hoping that it will happen.

Let's together imagine that this will actually happen someday, bitcoin will become a global currency in the world, like the US Dollar and paypal, which is acceptable wherever and legally recognized, I hope that time I had many bitcoin; D

fiat is more used not because it's better, but because it's regualted and because especially it's much older, people tend to forget that bitcoin is only 6 years old

it's true that nowadays the things move faster, and info spread faster, but you still need a reasonable amount of time to have the so called adoption, if it will ever happen

Fiat is more used (yes and mainly) because is regulated (which mean has legal status and because the legal money of every country has this form) but even because is more widely accepted and has more power as a currency compared to bitcoin. We live in the real world and not in internet. Bitcoin can be used only in internet (at least actually). The market in internet (even is in fast increase) is yet very few compared with the real market (the market in the real world). So the everyday needs that everyone has must be fulfilled, let say, at least 80% (are more) only with fiat money. Even bitcoin is known by me and you we cannot use it out of internet. We cannot buy with it the bread, the clothes, the various foods, to pay in restaurants (normally and mostly) and so on.

I used smarthone to pay with Bitcoin in restaurant already, would do it in other places if I noticed "Bitcoin accepted here" as well. So I dont get your "We cannot buy with it the bread, the clothes, the various foods, to pay in restaurants", because internet is available almost everywhere...

Not yet.
Global currencies on earth are USD, EURO, GBP etc.
Bitcoin is still relatively unknown virtual currency but without big global influence.
This is reality and we should accept it.
Of course, eventually i believe that bitcoin will become mainstream but this will not happen so quickly.

First, if you used smartphone within your neighborhood you must know that the world is much more big than your neighborhood. There are your city, then other cities, then your country, then the continents. So the real world is much more big than your neighborhood and your neighborhood is not at all representative of all the world.

Second, if your neighborhood is so developed and has internet in all the places mentioned by me (where you buy bread, where you buy clothes, at the public WC and in every remaining place of it) I can assure you that exist at least one continent named Africa in which the people don't have internet or is verified very few spread of it even at their homes. So you must understand again that the world is not only your neighborhood.

Third, I can assure you that bitcoin is ignored from more of three quarters of all the countries of the world which don't know at all it. And some of those in which is know has banned it. See here for more: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country (https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country). So how is possible to be used bitcoin in that places. I would hear your intellectual thought about this.

Four, I can assure that you are lying about the possibility to use in your neighborhood bitcoin so easy and for more in so more places like you mention in your post. And you make this only to make an original post or because think (but without knowing the true why) that bitcoin is something superior compared to everything else.

Five, If you "don't get" my post it is not my problem but your problem. But you have even another more big problem (and even risky for you as a person). You  are not able to understand even the why of your "don't get" in the case when someone can tell "I don't like bitcoin only for fun". Because is out of your mind that someone have its thoughts that can be different from yours. You cannot understand that the world has this development only because of this quality had by every human being. I tell this after the reading your "don't get" about my thoughts and my argumentation. "Don't get" that I (and everyone else including you) can have the right to have my (their) thoughts and to express those giving arguments which explain the why of those thoughts. Your "don't get" argued with general words and general arguments that can be told in every kind of situation is the most devastating fact of your poor mental situation and you mentality. Undeveloped one. Which maybe have to do nothing with your "internet everywhere" and "bitcoin everywhere used" neighborhood but with your lack of desire (or maybe even inability) to learn.

Let see what pearls will born and will be explained here in this forum from your "cultivated" mind after the read of this my post. Let see how "don't get" will repeated in your reply (must be to many to be counted). Or maybe will ignore everything (this must be the most quoted behavior as for me) making one or two sentences with irony or insults. Because are unable for more. ???

it will definitely take time. as for now my country, it used to have btc atm but no one used it so now it is totally gone and it is very very hard to find one local shop that accept bitcoin. so it will take time. however, i can buy international items especially digital good easily with btc.

yah i also believe it will be mainstream in the future as it can do so much more things that others cant. just like i wan to tips a website that does not know where it belongs to, i can use btc. if want to cash transfer, there is tons of info u need to find out etc. so dealing with international trade, btc is really amazing.

Well it's not  the global currency of the earth right now, but it has sure a lot of potential.
Reading that bitcoin outcompeted the USD/EUR/ YEN in 2015 shows this potential.

But we have to be realistic too, it will not happen in 2-3 years.

Bitcoin can become a global currency, but there is a long way to go.
First of all financial institutions should accept bitcoin being a valid/legal form of ledger.

Its a long way now for the Bitcoins to become the global currencies on earth. At this time there are only few people know about Bitcoins and its value. And through word of mouth only will grow Bitcoins everywhere around the world.

I must admit I live in a place where internet coverage is almost 100% (its hard to find places on the coverage country map without signal), and it is easy and affordable for anybody interested to have it at home/smartphone. Hopefully it is only matter of time such infrastructure/economic becomes standard everywhere.

I told I used smartphone to pay with Bitcoin in restaurant already, would do it in other places if I noticed "Bitcoin accepted here" as well.
Meaning  even if there is technical possibility to add Bitcoin payment option, hardly anyone accept Bitcoin now.

Maybe your "we" I interpretted as me as well, so your reasoning "We cannot buy with it the bread, the clothes, the various foods, to pay in restaurants (normally and mostly) and so on" seems untrue for me.




If I was citizen of any of the few countries where Bitcoin is banned, I would be pissed others decide for me what I can do in such innoncent matter - Bitcoin banning is basically totalitarian politician decision not respecting basic human rights.





Bitcoin is technically possible here, you see Credit Card terminal in most shops, meaning they use internet connection for it already, and there are incentives to use Bitcoin instead because instead of using Credit Card 3-5% fees, you can use bitpay Bitcoin 1% fee or if you dont need exchange right to fiat and want to accept Bitcoin yourselves almost 0% fee. The economical incentive is here, but the knowledge not.




I dont understand why you are so frustrated, your first day on the internet? I believe I got much worse/trolling reply to one of my posts but I never got so frustrated to write almost a reply essay to get the frustration out.

Yes, i think so.  Its will long time for global currency. Because still many people don't know about bitcoin and some countries not allow trading bitcoin

Agreed. There are long way to go to achieve the status of to the global currency of earth.
But when considering within six years of time span, bitcoin has reached this much popularity and adopted by many online business, it is highly possible for bitcoin to become global currency of earth.

I agree

yes it is a thing that could happen. for bitcoin recognized and used anything can happen. The new era has method payment has start.

Well, Sooner or Later money will be useless tho.
Bitcoin will be stronger everyday.

is likely to be difficult. physical currency is still the top priority at this time. perhaps 100 years from now it all becomes possible.

Yes, likely to be difficult but I would like to remove a digit from your prediction and give it 10 years  :)

100 years is overkill, almost approahcing the fee era, the value at that point, must be in the range of 100k at the very least

i would say that in 5 years we can see already a great global currency

I agree with you. I can not wait. enough for 10 years. supported the present circumstances bitcoin never mind worldwide.

Bitcoin is used globally so it is a global currency no doubt it is not on mainstream yet and it  could never be on mainstream but if it is used worldwide then it is a global currency and there would be more awareness among the people in future when they start knowing about bitcoins.

It will not happen until most of the banks and common people realised the benefit of bitcoin and blockchain technology.

Im quite curious about how bitcoin is going to be accepted in 10 years.

First hear.Global currency owned by Chinise  miners and people with enough  dollars to buy bitcoin
Bitcoin never will be global currency of the world
Matches will be,invest in matches

But Bitcoin is money!
I can use it to buy things with it, so it is money.
There are people out there, who offer services like online lectures and accept Bitcoin as payment option for that.So again Bitcoin is money.
I think you are speaking of the fiat currencies which the nations of the world are using today.And yes I hope they become less and less important the next years while hopefully Bitcoin will become more relevant!

Everything in the world is owned/ruled by a country or entity. Bitcoin will be no exception. The Chinese mining farms will rule the mining scene completely within a few years. We can't do much about it.

Interesting observation :)

ruling the mining farm is not equal to ruling bitcoin at all, if none will accept bitcoin outside from china they are basically mining their own altcoin

so merchants are also crucial for bitcoin not only miners

I wonder why 10 years are required.
Bitcoin will replace PayPal, Western Union and gold with respect to different applications to each of them.
When considering bitcoin like an investment, it will give more returns than gold. Already bitcoin can be transferable across borders. This way bitcoin will replace gold to become the global currency of the Earth.

You meant, just replacing gold is enough to become the global currency of the earth?

To become global currency of Earth, bitcoin just in need of more people must be using it for their daily needs. It seems again very simple task for bitcoin ecosystem because bitcoin has all the required futures to be used on daily needs.

I must agree that I am surprised abut the answer had from you. But only because normally such kind of dandy people like you normally give superficial answer to "cross the river" when I see that you not only are not such kind of person but are able even to attack. Is well known that the most good defense  is to attack. Especially this behavior is efficient when are told bullshits or lies. Accompanying this behavior with the giving of answers without telling nothing, to lie again or to make appear the other part as not in a normal condition.

Have any problem for me your reaction. Must write even more. Cannot be touched by someone who made such posts and give this kind of explanations. From someone who will solve the lack of the internet in Africa telling:If I was citizen of any of the few countries where Bitcoin is banned, I would be pissed others decide for me what I can do in such innoncent matter - Bitcoin banning is basically totalitarian politician decision not respecting basic human rights. can be waited even more than understand my post as a sign of frustration or being the first day in internet the day when I made the answer to its post. This person is so smart that cannot understand that to be "Hero Member" in bitcointalk needed much more than one day in internet and much more than an answer to its "Hall of Fame" post. So such person think that I am frustrated and in my first day in internet the day in which have made my answer to its post. Normally must stop here because everything is clear (at least for me) with whom I have to do but is funny to tease such kind of people because express always pearls in their posts. So, as a consequence I will try to make another essay to see and taste his reaction.

So, according to the brilliant, practically all Africa must know that to have internet must "be pissed others decide for them what they can do in such innocent matter - Bitcoin banning is basically totalitarian politician decision not respecting basic human rights" and within 1-2 hours everyone will have internet everywhere. Will be covered at 100% all the countries (mean all Africa) and immediately can began the use of bitcoin mined immediately after the cover 100% with internet of their area.

This can be done using the "Credit Card terminal in most shops" in other words "meaning they use internet connection for it already, and there are incentives to use Bitcoin instead because instead of using Credit Card 3-5% fees, you can use bitpay Bitcoin 1% fee or if you dont need exchange right to fiat and want to accept Bitcoin yourselves almost 0% fee. The economical incentive is here, but the knowledge not." Everything clear for everyone. Except for me. Cannot understand nothing. Maybe because I am frustrated and at my second day of internet (my days in internet are counted only when I make answer to his posts). Hope to have another full explanation about what word I have understand wrong and that not allow me (leaving apart my frustration), to not understand such easy and significant explanations.

So everything is solved doing a hard war against "totalitarian politician decision not respecting basic human rights" and don't using "Credit Card 3-5% fees" but using "bitpay Bitcoin 1% fee or if you don't need exchange right to fiat and want to accept Bitcoin yourselves almost 0% fee". Beh, there remain nothing to tell about this solution. Only savants brain can be able to invent such meaningful and farsighted (being in the same time simple in its implementation) project. To not forget to "be pissed others decide for every African".

And attention brothers of Africa if you "don't get" something. Never told or interpret such expression. Otherwise for sure you would become automatically frustrated and will have always every new day in internet as a new and first day on it. It is the power of these words who make you such. You will forget all the previous ones had in the internet bring to you by the One. This may not allow you to "be pissed" and to use "bitpay Bitcoin 1% fee or if you don't need exchange right to fiat and want to accept Bitcoin yourselves almost 0% fee". Maybe you will have other fee than "bitpay Bitcoin 1% fee" if "you don't need exchange right to fiat" and "want to accept Bitcoin yourselves almost 0% fee". What can you pretend more?

As a conclusion: Cannot wait to read the next answer of the normal, savant, non frustrated (clearly showed by what has write), not first day in internet, analytical (has given detailed argumentative answers to everything - including my mental disease expressed with the wrong understanding of his limpid words and sentences in its first post and first of all the resulution of the lack of internet and the few knowledge of bitcoin in Africa), and persecuted by the trolls, person which for sure will define me this time as insane when will read all this my new essay.

But he is strong and I am sure that will be able to withstand the above essay with another brilliant answer full of projects about the fast, and without any kind of cost, spread and implementation of internet and bitcoin not only in Africa but in every nook of the Earth where will be the need of such things and the need of its projects. Naturally always "be pissed others decide for him what he can do in such innoncent matter - Bitcoin banning is basically totalitarian politician decision not respecting basic human rights"

Yes and it can become global currency only when it is being used for daily needs, as we want that bitcoin should be accepted everywhere and everyone starts using bitcoins then only it can become a global currency, and it totally depends on the adoption level of the people.

It will take too long it to happen especially in certain countries where people are not aware about the bitcoins, and the reason is people are used to credit card, debit cards and fiat currency, so it will become difficult to convince them to switch to bitcoins for making purchases, and I am sure they will hesitate at the initial stage, but once they are in, they will love to shop using bitcoins.

The Chinese government is going to issue its own digital currency. When people see the benefit and it is reported widely, they might notice bitcoin and see the benefit of bitcoin and use it.

It's easy to say it here in the Bitcointalk. There is always at least one point which can be used to support such statement. But let's go and ask people in your city or just family. Who is using Bitcoin? There is a long journey for Bitcoin to be global currency.

I think that Bitcoin need more support and advertising as you noticed here, there is a lot of people ouit this forum not knowing anything about this powerful crypto currency
So yes, i think there is a remaining long run for bitcoin to become global as we wish

Bitcoin could being the global currency of Earth, but that's still need some time and support and spreading the word about this powerful crypto currency

we dont need to do anything Billions is flowing into Silicon Valley let them sort it out

while we network in here and develope the cuttig edge strategies on how to keep ahead

of the masses who have a considerably shorter attention span

I can caught your point, indeed the first step bitcoin should introduce in to whole of society. With this way everyone can get knowledge about bitcoin and maybe interest to using bitcoin.

This is very possible. bitcoin has penetrated in various sectors. live in the future if the actors and the market share can assure a wider market that bitcoin really the best medium of payment.  :)

I agree too that bitcoins will become the global currency of earth very soon in all the corners. The market of bitcoins is growing very fast so I am sure it will make the global currency same like United States Dollar.

I strongly believe bitcoin will become a currency in this world someday. bitcoin will be everything.

Well, yes you are right. BTC currently is Nr. 1 and the strongest crypto currency in the world.  :D

It is a worldwide currency and more than the dollar in a way, now you can use BTC in almost any place or exchange it to USD very easily in worldwide exchanges or people exchanging personally "rather than a single company".

I don't think BTC would replace fiat, it's a global currency being exchangable to all currencies and being in the hands of millions of different people in different nationality.

I think its possible the bitcoin will take over the world.
I think it will of course take a long time.
In 10 years its possible, bitcoin is the future currency.

Yup bitcoin will reach to good place in future it will replace USD's place for sure. But fiat will be there because government people will not allow bitcoin grow up to that. If everything comes transparent So corrupted people will be in problem that's why.

The brilliance of bitcoin is that it doesn't need to replace the fiat currencies to be an alternative to financial centralization and corporate deceit.

I don't think so it is just the Government but the bitcoin itself cannot replace FIAT due to its SLOW transaction time. There are a lot of things where bitcoin -> bitcoin transfer as mode of payment is not applicable.

no wonder why btc could valueable in cryptocurrencies than the others..easy to trade in and profit..
let see in 10 years later..im sure btc will replace dollars

yeah its wroldwide currency you can using bitcoin in all country, you can convert it to all currencies,
so bitcoin could be called as a world currency

I think that's only going to happen later. But I actually think not.
Because the world namely is very large. Many people know Bitcoin disagree.
So that's already troublesome if it does happen.

My neighbor's grandma' never heard of Bitcoin.
This means that there's still long way to work until it will really be a global currency.

I agree it is the biggest currency in the cryptocurrency world and by far advantageous to all other competitors like PayPal.

It is the most functional currency. But I think it will several decades to be as useful as the major fiat currency.

I agree that BTC will rule the world very soon since its possible that BTC will take over globally.
I am sure it will of course not take a long time and probably in a decade would be possible for bitcoin to be the future currency.

With the trend at which bitcoin is gaining popularity, I strongly believe it will replace the USD as a global currency.

yes, I think after few year bitcoin will be global currency of earth because we can use bitcoin anywhere, any time and some country are allowing its but only few country are not allowing. when they will aware about bitcoin, I hope they will also accept bitcoin.

global currency now occupied by the dollar. many people who think that bitcoin will replace the dollar, and maybe. then bitcoin has also become a global currency

I think it is so difficult for bitcoin to replace dollars as global currency because still many people even don't know what is bitcoin  :-\
But, i hope i am wrong and bitcoin will replace dollars as the most currency in the world.

We have quite the journey to take before Bitcoin becomes the overall number one used currency. We need to educate people that don't know of it. We need to eliminate the terrible reputation.

The journey will be long and yes it will be bumpy.
But in the end i believe bitcoin will make it to the top 3 of currencies.

I think it will be the top 5 in 2020. Then it will go up one spot every decade. It will take some time for it to be the top one.

It will rise slowly until all is mined. Then will be interesting to see what happens.

I think none of us will see the mine of all the bitcoin. Maybe our great grand children will see that. Bitcoin would be totally different.

Since it is universal and is the first and most recognized cryptocurrency, I think it has a chance to be considered a global currency.  It will take years to get there, but it's possible.

If Bitcoin can play into the Illuminati's agenda, which it seems to do a good job at integrating with technology (imagine RFID chips with btc wallets), it's a borderless currency just like they want a one-world governance, this monetary system plays right into that.

The only problem is the decentralization, and no-takeback transfer system. The push for RBF and whatever the fork core is coding may be driven by a hidden hand.

Why wouldn't the illumanti just create their own crypto currency? Govmn't of Canada did this with MintChip, but I still don't know how it works. Why didn't that take off? Cause the majority of people already have use digital currency: online banking. I can go for months without seeing a dollar in my hand, and can spend a shit ton of cash (if I had any).

The point is, I can't tell if Bitcoin is a part of the illuminati agenda or not. The whole 'beast-system'. If the number of the beast is the number of a man, then Bitcoin and it's binary created and managed by man must fit into that description.

 8)

Bitcoin is all the best. I believe, it would become the global currency. Mostly people are not known about bitcoin, its uses ! We should aware the world about this currency.

Bitcoin can become a global currency, but there is a long way to go. First of all financial institutions should accept bitcoin being a valid/legal form of ledger. That does not happen all of a sudden!

Well, not yet... Global currencies on earth are USD, EURO, GBP etc. Bitcoin is still relatively unknown virtual currency but without big global influence.
This is reality and we should accept it. Of course, eventually i believe that bitcoin will become mainstream but this will not happen so quickly.

It is possible indeed. It is now very popular around this time. But it has now a low value around this time.
Some people dont even know what Bitcoin is and that is a big problem. I hope more people will use Bitcoin in the future.

are you serious? bitcoin as currency of the universe will be possible as long as there are creatures over universe who know to use bitcoin.

if it's just in earth, maybe it's possible as long as many people promote bitcoin and of course it will take long time

It is pretty sad when I see the inflation is good for currency myth propagated, even between economists. For sure inflation is good for the ones in debt, thus ideal for governments ! But for savers, inflation is terrible and deflation suits them much better. So you have two sides here and saying one is better for currency is ridicilous. By the way, Bitcoin solve this because the final supply is constant, not increasing or decreasing. I'm not sure if that's correct; given an infinite amount of time the Bitcoin supply would approach 0 as all the private keys are lost or destroyed. This however isn't a problem as a single satoshi can be infinitely  subdivided to meet demand.

Without a side-chain(not sure if its possible even with one), sending less than a satoshi is not possible

Edit: Also, a change in Bitcoin protocol also known as a hard fork can allow mining of coins more than 21 million,

It is true that bitcoin is not properly publicized and embraced by the masses. Only few people know it and are using it. It will only become a global currency once it has more than 75% reach globally.

It will take a long time to reach there as the awareness level of people is not going to reach at extreme level overnight, and bitcoin is a currency at a moment too.

That is not true. There are many other currency that is bigger than Bitcoin, and of course it is more popular soon.
The popular now is increasing but you dont know about the value. It is hard to predict the value of Bitcoin. You must take the risk when you want to sell it.

Bitcoin has many advantages that could make it the global dominating legal tender, but for some reasons it's not yet. On the other hand we have an USD - currency accepted almost everywhere in the world, but it was meant to be just national mean of payment. Bitcoin supporters should consider wider spectrum of factors before announcing such things like title of this thread (which I wish to become true!).

You are right that there are a lot of currency's bigger, but you have to keep in mind that the bitcoin itself is one of the fast growing currency's of the century.
I think that says already enough and we can say it would be possible but it will take years to even do this but its 100% possible!

maybe i will call it for bitcoin is the popular currency of earth for who use bitcoin in around the world but fiat is still number one and bitcoin never ever can replace fiat currency.

I thinks Bitcoin is more profitable than fiat. Fiat Currency is not much known by peoples, even i also don't know this currency. I support only Bitcoin.

Yeah, and the reason is there are maximum users of fiat and fiat is more popular then bitcoins, bitcoin will be more popular in future, but I don't think it can go beyond fiat, as people find fiat easy and convenient.

Fiat is our real money is just a currency of every country.. Where do you live? what currency do you use? our currency or money we can call it fiat..
That's why fiat is not profitable because the price of fiat is stable than bitcoin..

It is many used of course. But I think that dollar is more used. Bitcoin is becoming more popular and more used, but many people doesnt use it and that have different reasons.
Many people doesnt even know what Bitcoin is and many stores dont even accept Bitcoin and that is the problem.

I am pretty sure that fiat is actually the global currency of Earth. Bitcoin will never be the global currency.

Yes nowadays fiat still till now the global currency of earth, but there is no guarantee that will continue forever, and Bitcoin's is growing daily so i think it's really possible that Bitcoin become the global currency worldwide

Bitcoin could being the first and global currency , but that's need more time and usability from the people worldwide , and also need more support from the Bitcoin's community as well

Fiat has its own characteristics and uses, but I haven't see any fiat currency which is more than 100% higher than US dollar that makes it amazing..

We never know what can happen later in the future. So that is quite hard to predict. And that is not good.
Many people doesnt even know what Bitcoin is. And some people doesnt even trust Bitcoin and that is also not good. You must first find safety and popularity.

It is a global currency due it's decentralized nature of existence and it may be a real boost to developing countries and their economies as many people don't have access to banking in a regular way. Bitcoin can replace banks in places where there are none.

Fiat is becoming more popular in world than bitcoin. So maybe there is a loss of bitcoin in future!

Just for the correction. Fiat is not becoming popular because it is already globally used in transactions and it is common to use fiat in transactions because it is globally adapted. Bitcoin is the one becoming popular because of growing number of businesses that accepts it. Bitcoin will be the global currency if everybody would adapt it and use for their daily transactions and that will happen for a long time.

i think bitcoin has the potential to become the global currency in the future but it is not there yet, so it needs more development. today and all the transactions that are waiting for confirmation for half a day is the indication of that.

Yes sir it is, thats why I modified my locationo Earth of Bitcoin, meaning that all Earth is for bitcoin.

Yeah, it will be bigger in coming years, but it will take a long time to achieve that milestone, if maximum number of users starts using bitcoin as a currency, it can become a global currency.

Yes. The bitcoin need constant development. Over time, it will be perfected to some extent and suitable for many usage.

It won't happen soon, if the situation of bitcoin evolves into a global currency the value of bitcoin will not be high as we are experiencing now.

so many places still use paper and never made it to plastic

now they have smart phones and are seconds away from

downloading an app that can turn them into a bank

or give them access to a bank account, its the same

thing either way,

yeah it would be somewhere such price because a lot of people would use bitcoins then as an everyday currency what would be really cool in my opinion to shop with bitcoins

i hope that one day this will happen what will make the price go up significantly and make some good money for me, i think that i might even make a lot of income from such growths

But this super currency still illegal in different countries also a lot of bitcoin haters still wating for bitcoins death. It will not become global currency till it's illegal.

yeah its been proofed that bitcoin is the global currency,everyone use and adopt bitcoin. still become strongest cryptocurrency ,and lead price of all cryptocurrency. glad to be part of this currency.

I read 'Bitcoin is the global warming currency of Earth' at first.  Hilarious if you think about all the heat and energy it produces as a byproduct of securing the blockchain.

don't worry. it will become legal so soon. governments are started allowing bitcoin . in future bitcoin will be legal for every country and bitcoin will be used in any street of world same like fiat currency.

Although Bitcoin is not considered a legal currency in most countries it is not strictly illegal there, you can use it without being prosecuted by government. But in some countries it is really illegal unfortunately. Those countries include: Bolivia, Bangladesh,  Ecuador, Kyrgyzstan and some others.

I feel sad for those people who live in those country who can be prosecuted if they used bitcoin.
I agree with blackmet if the bitcoin is still illegal like in those countries stated above then bitcoin wont become a global currency.

there are many interests who want things to stay as they are

We cannot consider bitcoin as a global currency at this stage as still many people are not aware about it and not even heard about it, when it is known by each and every individual it can be a global currency.

I think the main, unrealized power of bitcoin is the instantaneous transfers and incredibly low transfer fees. This is what makes it a true global currency.

most people have heard about it by now

As you can see now you see also that Bitcoin is becoming more acceptable as payment method and that is perfect for the currency itself.
But it have also to change and that is that the value of the Bitcoin have to rise and that is important.

The global currency is indeed the bitcoin, I really like this because the fact is that its a global currency and can be used for all kind of things in my eyes.

I used bitcoin to pay somebody in another country, without the need to use a bank, it is quite convenient.

I agree with this. We can't say Bitcoin is global currency if many people not aware with Bitcoin existence. People is still unfamiliar with Bitcoin, especially in internet less region.

i think presently it is not the global currency of the earth becasue so many people do not know any thing about it. but it is look like that in future it may  be the global currency of the world.

if one bitcoin is worth $750 this does not mean that bitcoin is stronger than USD. because there are only 15 million bitcoins out there while on the other hand there are trillions of dollars so this comparison can not work that way

Very few people across the globe are aware about the bitcoin and that doesn't make it global currency, but things may change in future when it will be widely used and accepted.

yes it is a fact that bitcoin is now the global currency of the world. i think there will be not a single state where people are not using bitcoin. therefore w can say that bitcoin has become the global curreny of the world.

If people say that bitcoin is a global currency now, I think they are saying wrong. Many countries in the world are not known about this currency. If a a country using bitcoin, than only a few people of it are using bitcoin. If this currency is to become global, then it should be spread out widely. More they known about it, more they become interested in it. Only internet is not only a source of awareness about bitcoins, I think it should be started at higher level. :)

You are right about the thing that we cannot claim bitcoin a global currency as it is not used globally. But it is used online globally and there is no restrictions of boundaries.

We can't claim if bitcoin is a global currency because in my region a lot of people doesn't know about bitcoin, for online globally maybe some little people is still unfamiliar with bitcoin.

USD is till the global currency of the earth because that's what's almost every currency is being compared to, to know it's value. It would take a very long time to change the global currency from USD to bitcoin and a very large money, and a very powerful/influential person to do so.