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Bitcoin => Bitcoin Discussion => Topic started by: digaran on October 11, 2016, 04:26:05 AM



Title: Was bitcoin designed to be global?
Post by: digaran on October 11, 2016, 04:26:05 AM
Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?


Title: Re: Was bitcoin designed to be global?
Post by: lottery248 on October 11, 2016, 04:32:23 AM
explicitly. didn't bitcoin mentioned that to send  the bitcoin anywhere of the world?
second version is called dogecoin already, so it is other matter.


Title: Re: Was bitcoin designed to be global?
Post by: Yakamoto on October 11, 2016, 04:35:30 AM
explicitly. didn't bitcoin mentioned that to send  the bitcoin anywhere of the world?
second version is called dogecoin already, so it is other matter.
Dogecoin is basically regarded as a meme now and isn't thought of as any sort of version to Bitcoin? I don't think that Dogecoin or its community is even remotely relevant anymore at all.

I do believe that Bitcoin was mentioned in the context of being global somewhere before by Satoshi, but I can't find it if you asked me to.


Title: Re: Was bitcoin designed to be global?
Post by: drwtsn32 on October 11, 2016, 05:12:24 AM
explicitly. didn't bitcoin mentioned that to send  the bitcoin anywhere of the world?
second version is called dogecoin already, so it is other matter.

Aside from being quite supported by many, I don't see any other pros that dogecoin has to be entitled as "second bitcoin".
There is no really second bitcoin yet for me as of now.


Title: Re: Was bitcoin designed to be global?
Post by: shinratensei_ on October 11, 2016, 05:20:25 AM


Can't we have a second version of same code with same team and the same credibility developing it?

It's can't. because every coin are having their characteristic and I think that is impossible for that. but I think in the future will there is a new development of bitcoin and not worried about it, just the time can give a clear answer to your question, dude.


Title: Re: Was bitcoin designed to be global?
Post by: Wind_FURY on October 11, 2016, 05:22:39 AM
Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?


Yes there are only 21M Bitcoins but do remember that they are divisible into 8 decimal units. The design was built for payments on the internet without any middlemen involved aka banks.

It is very arguable that most, if not all of the people would be using Bitcoin as the only cryptocurrency solution 40 years from now. Banks are also interested in the technology to remain relevant in online payments. So we might either see Bitcoin evolve to become the dominant solution for online payments or we see it replaced by something else.

Or maybe we would see Bitcoin become as a sort of commodity and as a store of value.


Title: Re: Was bitcoin designed to be global?
Post by: Kakmakr on October 11, 2016, 05:42:00 AM
The white paper did not define a specific region or group of people, so we have to accept that it was designed to be a global p2p payment system. Luckily for us, Satoshi made it divisible so that we can have loads of smaller units within 1 bitcoin.

The remaining option, if every other option was exhausted, would be for us to decide to make changes to the protocol to allow for more bitcoins, but that will never happen. < We cannot even decide on block sizes >


Title: Re: Was bitcoin designed to be global?
Post by: HabBear on October 11, 2016, 06:27:05 AM
What makes you think that most people will turn to cryptocurrency?

Bitcoin wealth will follow the natural (and current) spread of wealth inequality in this world. A few will have a lot and many will have a lot less. It's just human nature.

Hopefully this currency won't be adopted by "everyone" or "most people". If it is it will become corrupted and controlled like every fiat currency.


Title: Re: Was bitcoin designed to be global?
Post by: davis196 on October 11, 2016, 06:45:47 AM
Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?


Yes,bitcoin is designed to be global.Bitcoin IS global right now.

40 years from now bitcoin might be gone or the human kind might be destroyed.

No,we can`t have the same code with the same and credibility.


Title: Re: Was bitcoin designed to be global?
Post by: NorrisK on October 11, 2016, 06:49:18 AM
The fact that a bitcoin can be divided by 100 million means it can actually be used globally by many people.

We should just learn to stop thinking in full bitcoins and start thinking in satoshi or millibitcoins. Only by moving to millibitcoins you increase the available amount to 2.1 billion, which is already a lot more practical.

In the future no wallet will show bitcoin as standard currency anymore, it will likely show millibitcoin as standard as hardly anybody will have access to full bitcoins anymore.


Title: Re: Was bitcoin designed to be global?
Post by: Xenophoto on October 11, 2016, 07:23:30 AM
Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?

If there are billions of Bitcoins in circulation, 1 BTC wouldn't be as much as it is right now. The number of Bitcoins being much lower than the total population is actually a good thing. Once the majority of people adapts Bitcoin, then Bitcoin would be scarce and us, the people who have been here first, would have much more money.

Of course we can use altcoins, but altcoins are usually being used for trading and after all, all altcoins are still based on Bitcoin.


Title: Re: Was bitcoin designed to be global?
Post by: traderethereum on October 11, 2016, 07:43:57 AM
i think bitcoin was designed to be global but for now, its not ready yet because there are still many people don't know about bitcoin and need to be explain. maybe in next five years or ten years, bitcoin is really ready to use in many country and many people will attracted to bitcoin.


Title: Re: Was bitcoin designed to be global?
Post by: jacafbiz on October 11, 2016, 07:47:05 AM
Yes, It is designed to be global, any technology that is not bound by territorial influence can scale into global use, a good example is internet which was initial designed to exchange communication and now something we can do wothout


Title: Re: Was bitcoin designed to be global?
Post by: Mastsetad on October 11, 2016, 07:57:04 AM
Though everyone makes new things to get popular but not everyone's wishes come true, so when bitcoin was created, i'm sure they did not think it will reach this extent but it did, so now when it reached here we should be patient to see what happens in coming time with it, because 40 years is a really long time, anything can happen by then.


Title: Re: Was bitcoin designed to be global?
Post by: SignificantOtter3 on October 11, 2016, 08:11:18 AM
Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?


Yes there are only 21M Bitcoins but do remember that they are divisible into 8 decimal units. The design was built for payments on the internet without any middlemen involved aka banks.

It is very arguable that most, if not all of the people would be using Bitcoin as the only cryptocurrency solution 40 years from now. Banks are also interested in the technology to remain relevant in online payments. So we might either see Bitcoin evolve to become the dominant solution for online payments or we see it replaced by something else.

Or maybe we would see Bitcoin become as a sort of commodity and as a store of value.

This is the perfect answer!


Title: Re: Was bitcoin designed to be global?
Post by: xJuturna on October 11, 2016, 08:29:14 AM
Sure, it's online and available to the masses without having to worry about applicable regulations and laws on a country to country basis. It's perfect for global use really. Although there are countries out there where internet usage isn't so prevalent; but you don't need me to inform you of that.


Title: Re: Was bitcoin designed to be global?
Post by: ranochigo on October 11, 2016, 08:41:12 AM
Bitcoin is meant for long distance and micro transactions, at least thats what it was ideal for. The fixed market cap does not prevent a large adoption. If more people starts to use Bitcoin, the Bitcoin would be more and more valuable and people can still own an amount of Bitcoin.

A fork can be done for the Bitcoin to be even more divisible.


Title: Re: Was bitcoin designed to be global?
Post by: justdimin on October 11, 2016, 08:42:00 AM
The infinitely divisible feature of bitcoin will make it possible to serve as a global currency. For this same reason we never need any clone of bitcoins.

Bitcoin will be a currency in 40 years. It will flow from person to person so no matter how much one person will be holding to serve the entire population of this world with 1000th of 1 satoshi's value more than $10 at those times.

I believe we never need to worry about bitcoin whales because they are early adopters, they will never want to destroy their own beloved project.


Title: Re: Was bitcoin designed to be global?
Post by: Indrawan77 on October 11, 2016, 09:07:02 AM
I think it supposed to be used globally but they not expected it can be phenomenal as now, but i think they can think something to take care of this problem, if this proble its not solved then maybe we will see another subtitute for bitcoin


Title: Re: Was bitcoin designed to be global?
Post by: iv4n on October 11, 2016, 09:14:39 AM
Internet is global, and bitcoins practically can work without network, so probably design of bitcoin was planed to serve that purpose. I think bitcoin need to be global, it`s only way for bitcoin to make great things.
Who would design something like bitcoin is just for local purposes, bitcoin can  make big things just if it`s on global plan, supported from people across the world. Only like that bitcoin can make big things, and for me bitcoin have potential to unite people. Banks didn`t have alternative until now, bitcoin is competition to fiat, and competition is always good.


Title: Re: Was bitcoin designed to be global?
Post by: Monetizer on October 11, 2016, 09:19:23 AM
Isn't it plausible that the bulk of bitcoin adoption happened later and was slower than expected? That would explain why the distribution of Bitcoins so heavily favours "Early adopters"
As for the 21 Million limit, I think we will eventually change to using mBTC as the standard unit because of how bitcoins price will increase. This would mean there is 2 Billion+ mBTC available which sounds a lot more globally friendly.


Title: Re: Was bitcoin designed to be global?
Post by: genos on October 11, 2016, 09:32:50 AM
Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?


Yes there are only 21M Bitcoins but do remember that they are divisible into 8 decimal units. The design was built for payments on the internet without any middlemen involved aka banks.

It is very arguable that most, if not all of the people would be using Bitcoin as the only cryptocurrency solution 40 years from now. Banks are also interested in the technology to remain relevant in online payments. So we might either see Bitcoin evolve to become the dominant solution for online payments or we see it replaced by something else.

Or maybe we would see Bitcoin become as a sort of commodity and as a store of value.

This is the perfect answer!
Limited bitcoin amount is good that is mean bitcoin have no inflation. I agree that all people in the world can use bitcoin becouse it is divisible. And banks are really work conventionaly most people will leave it in the future. Everybody like anything that practically.


Title: Re: Was bitcoin designed to be global?
Post by: aubert on October 11, 2016, 09:36:37 AM
the price will going high if all people around the world use bitcoin,the 21 M limit supply doesn't matter because bitcoin amount doesn't limited by that,there's also mbtc,ubtc,and satoshi unit,bitcoin is literally unlimited in my opinion even 21 M was stated as the limit of supplies


Title: Re: Was bitcoin designed to be global?
Post by: Darwintas on October 11, 2016, 09:57:08 AM
Yeah the only thing that you need is the access to the internet and you are good to go with Bitcoin. So I do think that it is designed to be global.
It is going to be even bigger in the future.


Title: Re: Was bitcoin designed to be global?
Post by: Nivir on October 11, 2016, 10:05:00 AM
Obviously bitcoin is designed to be circulated and used globally. It is designed as an international currency with anonymity and without governments regulations which usually benefits only the rich people. Hopefully the whole world gets covered with internet to further expand bitcoin and other cyrpto's sphere of influence.


Title: Re: Was bitcoin designed to be global?
Post by: groll on October 11, 2016, 10:21:16 AM
We knew that bitcoin can be dibided into small parts but I do not know if it will still able to supply the needs and demand of people for the next coming years.  Maybe the developer of bitcoin should make new batch of digital coins because I think the 21M bitcoins is not sufficient to the users for the next 40 years.  But if ever that they will make new coins then the current value or price of bitcoin will drop. 


Title: Re: Was bitcoin designed to be global?
Post by: harizen on October 11, 2016, 10:31:22 AM
Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

As far as my knowledge and own opinion is concern, bitcoin was designed to somehow changed the current system of sending and receiving money. With bitcoin we can really say it's far less hassle than the usual one. So in here, it was designed in that kind of purpose and not on the people itself.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

If most of the people will use cryptocurrency 40 years from now, then it must be on mulitple cryptos hence those bitcoin will not be used by all people in the world and that 21 million is enough since bitcoin is divisible by 8 decimal units.

But believe me in 40 years, cryptos will not dominated the fiat currencies.

Can't we have a second version of same code with same team and the same credibility developing it?


No. That's it.


Title: Re: Was bitcoin designed to be global?
Post by: TraderETH on October 11, 2016, 10:38:04 AM
I think yes, bitcoin was designed for to be global, and becoming global currency. From a idea making payment without third party like bank and without high fees, and there are not people or government that control it.


Title: Re: Was bitcoin designed to be global?
Post by: Seansky on October 11, 2016, 10:58:11 AM
Bitcoin was really created by satoshi nakamoto to help change the current way of sending and receiving money, so it was designed to be global. Even at the very first hours of bitcoin release it is intended to be a global currency that will ease the sending of money and it is made so that we have a currency which is not controlled by the government, instead it was controlled by us bitcoin users.


Title: Re: Was bitcoin designed to be global?
Post by: Maldesto on October 11, 2016, 11:00:23 AM
Definitely global. I think there's only 21m btc to prevent inflation


Title: Re: Was bitcoin designed to be global?
Post by: digaran on October 11, 2016, 11:14:44 AM
After reading all the opinions I have to say it's good people looking at bitcoin this way, but there is a problem which is the coins in satoshi's addresses, if bitcoin going to be like 1 sat= $1 for example then can you imagine the wealth of the people holding all those coins?

I'm not saying he/they don't deserve it but simply market doesn't want to hand over a big amount of money so they wont adopt it and replace it with paper money, how ever I might be mistaken if satoshi's coins could be some how start to shrink and be sold it could send out a signal of 100% fair distribution.


Title: Re: Was bitcoin designed to be global?
Post by: yayayo on October 11, 2016, 11:14:50 AM
Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?

Frankly I think you haven't really thought about Bitcoin. It obvious that Bitcoin's design is that of a limitless, worldwide currency. The total number of Bitcoin is quite irrelevant, because each Bitcoin is practically limitless divisible (via software upgrade even beyond the precision of one (current) Satoshi).

The socialist notion, that Bitcoin should be somehow "equally distributed" is also a total nonsense. It lies in the nature of most people that they are unable to delay gratification and tend to live beyond their means. So even if you would start with an equal distribution you would end up with an unequal one. The simple reason is that only few people excel in austerity and entrepreneurship. Early adopters of Bitcoin didn't know that Bitcoin would become successful - so they took a higher risk by investing in it. It's their pioneering spirit that made Bitcoin successful. Without these people there would be no envious socialists in the Bitcoin sphere, because there would be nothing to steal from honest people...

There has been a exact clone Bitcoin, called Bytecoin. I don't know if it's still alive. But maybe you can reanimate it... ;D

ya.ya.yo!


Title: Re: Was bitcoin designed to be global?
Post by: Oralmat on October 11, 2016, 01:23:15 PM
Now bitcoin is going well, so it has clear mean that in future bitcoin also would be grow up and as you said bitcoin has limited numbers, so may be in future something more happen in bitcoins, with passing the time, definitely bitcoin give us more, if bitcoin want to live in this world.     


Title: Re: Was bitcoin designed to be global?
Post by: xdrpx on October 11, 2016, 02:29:30 PM
There may be 21 Million Bitcoins, but each of those Bitcoins can be further divided into smaller and smaller decimal units and this infact can account for a lot of the worlds money. Also, there wouldn't need to be another version of Bitcoin which would be considered as a hard fork unless something serious happens to Bitcoin since it's an experiment by itself.

Bitcoin is global and has acceptance all over the world, except in few countries where it could be banned by Governments (but actually people can still use them).


Title: Re: Was bitcoin designed to be global?
Post by: Kprawn on October 11, 2016, 05:12:09 PM
Bitcoin was designed to emulate gold and the scarcity was built into the protocol by hard coding the 21 000 000 coin cap. I am saying,

hard coding, but it can be changed. It is one of the building blocks of this technology, and something that makes it unique. We should

never tamper with that, and the coins made available should be the only coins we use. At some stage, the price will be high enough for

people to sell and then the supply will increase again.  ;D


Title: Re: Was bitcoin designed to be global?
Post by: bithasher on October 11, 2016, 05:15:40 PM
Why the process of adoption was slower it is quite natural. There are always denier and embrace whenever new thing appears of what people are not used with. Bitcoin went through same way and early adopters who took risk jumped. The more time is passing the more people are joining as they are realizing its benefits.


Title: Re: Was bitcoin designed to be global?
Post by: Hellacopter on October 11, 2016, 05:26:03 PM
Bitcoin is already global , and its designed to be global, that's why it reach fast this success and this high level. Bitcoin will turn to become the first used currency worldwide, just its a matter of time.


Title: Re: Was bitcoin designed to be global?
Post by: Barbut on October 11, 2016, 05:31:02 PM
If we see that with bitcoin we can just work on the internet, then its designed for global use. Who can tell what Satoshi had in his mind while
he was creating bitcoins, but I think he wanted bitcoin to be used by everyone on this world.
Bitcoin is something new, who can tell what will be for 50 years. Blockchain have much to offer to the world, and if this period of adaptation
goes well, we can see bitcoin as global currency used by almost everyone, I also expect there to be enough space for some other alt coin. Yes
world is big, and there is a lot of space for other coins I think.


Title: Re: Was bitcoin designed to be global?
Post by: aizzaku on October 11, 2016, 05:38:11 PM
Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?



There is rather simple answer for you question, not much to discuss, see Bitcoin was the first cryptocurrency. Imagine this like a old tree with bitcoin and blockchain as the main trunk of the tree but now there are these alternate coins which can be the branches.
Bitcoin will always be used as the main exchange or rather for many more years but there are now very specialized coins for different things with beautiful algorithms. Its like every country has there own fiat currency right such will be the use of cryptocurrency, everyone to his own with a exchange rate between. Just be virtual !


Title: Re: Was bitcoin designed to be global?
Post by: Velkro on October 11, 2016, 05:43:01 PM
Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?

You forget that Bitcoin is divided. U dont need whole BTC, u can have 0,005 BTC that is worth current whole BTC 630$ in future :)


Title: Re: Was bitcoin designed to be global?
Post by: krishna1 on October 11, 2016, 05:49:40 PM
if we have a second version of it then it will generally be called an altcoin and nothing is better than this 21million btc thing yes it looks very small amount but it will be adjusted by time because there are already many altcoins avalible in the marker so when btc will be full then users will start using alts


Title: Re: Was bitcoin designed to be global?
Post by: BitcoinSupremo on October 11, 2016, 07:16:01 PM
Bitcoin is so perfect that we don't need a second version. It is designed to be a global currency since it can be divided in to many commas like 0,00000001 btc for example. 21 mln coins are enough that everyone who may want and for sure will be using bitcoin after 40 years or so will have the chance to have his fair cut of bitcoins.

The real problem is we should not think for 40 years after when we don't know if will be alive by that time. We should  just enjoy bitcoins in our time and making our lives better with it.


Title: Re: Was bitcoin designed to be global?
Post by: Taki on October 12, 2016, 07:02:10 AM
I think bitcoin was designed to be global. It was designet to be used on the internet and internet is global thing. So bitcoin's creators knew that one day it will be known in many countries and used.


Title: Re: Was bitcoin designed to be global?
Post by: 1Referee on October 12, 2016, 07:29:15 AM
if we have a second version of it then it will generally be called an altcoin and nothing is better than this 21million btc thing yes it looks very small amount but it will be adjusted by time because there are already many altcoins avalible in the marker so when btc will be full then users will start using alts

This doesn't make any sense. 21 million coins is more than enough to suit the needs of people using Bitcoin as currency and as investment, etc. The higher the price goes, the lower the amounts will be that people can afford. Don't forget that 1BTC can be divided into 100 million smaller pieces (satoshi's).


Title: Re: Was bitcoin designed to be global?
Post by: naidray on October 12, 2016, 07:55:54 AM
Don't forget that 1BTC can be divided into 100 million smaller pieces (satoshi's).
That must be a scenario of what we are having right now. Fortunately, bitcoin is divisible even further to go flexible for the requirement of minimum possible unit to be transacted. (When one satoshi hit value of $1, we need smaller unit to transact $0.01). Basically bitcoin system will be able to have unlimited number of units, so that bitcoin can serve to any volume of people.


Title: Re: Was bitcoin designed to be global?
Post by: mirakal on October 12, 2016, 08:11:06 AM
Absolutely, bitcoin is designed to be global because it is decentralized and no person is operating it so you can ensure that it is real and no personal interest will be serves, with bitcoin we are united here for one purpose, to spend and earn at the same time taking advantage on the early stage of bitcoin.


Title: Re: Was bitcoin designed to be global?
Post by: Betwrong on October 12, 2016, 08:37:36 AM
Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?


I don't think it would be much of a problem even if all the money in the world would be replaced by Bitcoin.

Let's see what would happen if it would be the case right now.

We have roughly 5 trillion USD worth of circulating money and around 15 million Bitcoins. If we'd replace all the money with Bitcoin the price of 1 BTC would rise to $333,000 and since 1 BTC = 100,000,000 Satoshis we'd have the situation when 300 Satoshis would be equivalent to 1 USD, or in other words the minimum you can pay for a thing would be $0.003.

Although I know that there are countries where "everything is cheap" I doubt that you can find a thing there which costs less than $0.003.


Title: Re: Was bitcoin designed to be global?
Post by: wikenpp on October 12, 2016, 11:37:05 AM
Yeah I do think that Bitcoin was designed to be global because they have made use of the internet and almost all people in the world have access to the internet. They knew what they were doing when they started with Bitcoin and launched.
It has become pretty popular and I think that in the future it is even going to be more popular around the world.


Title: Re: Was bitcoin designed to be global?
Post by: Jeremycoin on October 12, 2016, 11:46:08 AM
Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?


The more people using Bitcoin, the difficulty of the mining will increase that will make the price higher. Which means we will never running out of Bitcoin, so you actually shouldn't worry about that.


But however, this might happen. But about the same team, I think it won't happen because satoshi is still missing.
Can't we have a second version of same code with same team and the same credibility developing it?


Title: Re: Was bitcoin designed to be global?
Post by: goinmerry on October 12, 2016, 01:34:31 PM
It is. Banks are global. As I read to some analyst, they say one reason is to change the banks method of transacting money. I think satoshi have a bigger insight to what it can do more. But we are left with bitcoin and we should take care of the rest.


Title: Re: Was bitcoin designed to be global?
Post by: Fatanut on October 12, 2016, 01:53:15 PM
Most probably, yes. Bitcoin is designed to be a currency on the Internet and any one in the world can access the Internet. Thus, people that are far away from each other can send Bitcoins to each other. It was designed to be used globally and every single human being has the rights to use it. Maybe that is why you can hide your identity very easily when using Bitcoins, so even if your government bans you from using it, you still can.


Title: Re: Was bitcoin designed to be global?
Post by: HilbillyFred on October 12, 2016, 02:07:20 PM
I dont know how you can call it becuase they are not gettign global i dont thjink allot of north coreans are using the bitcoin you know and that is just becuase i know that
they are not able to use it while the president of them is using it.


Title: Re: Was bitcoin designed to be global?
Post by: bravehearth0319 on October 12, 2016, 02:19:32 PM
explicitly. didn't bitcoin mentioned that to send  the bitcoin anywhere of the world?
second version is called dogecoin already, so it is other matter.

Aside from being quite supported by many, I don't see any other pros that dogecoin has to be entitled as "second bitcoin".
There is no really second bitcoin yet for me as of now.

Yes! I do agreed with you, Bitcoin will always be still a bitcoin. It is true that in our time now I don't see any signs of second bitcoin. because still there is a big difference gap in the price from Bitcoin vs. altcoins.


Title: Re: Was bitcoin designed to be global?
Post by: AicecreaME on October 12, 2016, 02:47:26 PM
I think it is possible to be global, to be used by the billions of people around the world. During our software freedom day way back when I was in second year college, the speaker said that bitcoin is going to be the future money, that' why I believe that it is possible to be global and not just only for some people who is using it for a long time.


Title: Re: Was bitcoin designed to be global?
Post by: countryfree on October 12, 2016, 02:55:29 PM
Don't ask! It's a fact, BTC is global now, in a sense that you can use it as easily in Europe, Asia or America. There are enough BTC for everybody. Nobody said you have to own one full BTC to be part of the community. Scalability is more of an issue the number of transactions the network can handle per day).


Title: Re: Was bitcoin designed to be global?
Post by: freebutcaged on October 12, 2016, 02:59:25 PM
When bitcoin hits $50000 per coin if you held 1M coins you'd be rich as hell :)
No one putting much cash in bitcoin they only mine it and play with small paper money amounts like few billion bucks, it ain't global yet.


Title: Re: Was bitcoin designed to be global?
Post by: LarryHocks on October 12, 2016, 03:08:44 PM
if we have a second version of it then it will generally be called an altcoin and nothing is better than this 21million btc thing yes it looks very small amount but it will be adjusted by time because there are already many altcoins avalible in the marker so when btc will be full then users will start using alts

Its indeed hard to say I think that the bitcoin is now still the biggest and will stay this but on some point the alt are gonna take it over.
The bitcoin is designed for some part globally in my eyes.


Title: Re: Was bitcoin designed to be global?
Post by: macartem on October 12, 2016, 03:13:39 PM
I think bitcoin was designed to be global.


Title: Re: Was bitcoin designed to be global?
Post by: krishna1 on October 12, 2016, 03:35:32 PM
i do not think it is made for the global but maybe it can somehow can manage that much pressure well i have a idea that if we use bitcoin only for transfering porpose and not for storage porpose then maybe we can solve this issue


Title: Re: Was bitcoin designed to be global?
Post by: samcoin on October 12, 2016, 03:52:11 PM
The number of Bitcoins isn't important matter although 21M is great number, you can see that some casinos and sportsbook deal with 1m BTC, this can be a new standard if Bitcin price reached much higher price, you can compare it to the Gold, when we buy gold we buy X number of grams, and yes I think it has been designed to be used globally, because the target of Bitcoin is that no one can control the network, so it is open for everyone.


Title: Re: Was bitcoin designed to be global?
Post by: audaciousbeing on October 12, 2016, 04:12:41 PM
I think bitcoin was designed to be global.

Bitcoin to me wouldn't have been thought of to be a major currency as early as this. With the statistics of about 21million BTC all over the world, then I really would want to know how its going to go round. I also think that, the limitation in the abundance is also a factor that makes it a sought after in the crypto world. In conclusion, it was intended for it to be global originally but not this early.


Title: Re: Was bitcoin designed to be global?
Post by: prabowo96 on October 12, 2016, 04:29:27 PM
explicitly. didn't bitcoin mentioned that to send  the bitcoin anywhere of the world?
second version is called dogecoin already, so it is other matter.

What?? Lol
Dogecoin is a "joke"... Bitcoin will always be on top, maybe we can see a new good alt, a bigger one, worldwide... and well, this alt will be made by banks ;) think about it.


Title: Re: Was bitcoin designed to be global?
Post by: erikalui on October 12, 2016, 04:38:32 PM
Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?


Due to the limited number of bitcoins in circulation, bitcoins can reach the price that other currencies can never do and today bitcoins are priced higher than gold too which is because of its technology, popularity and use.

In 40 years, there may be more currencies using this blockchain technology but bitcoins would always be the first invention and the ne to sustain on its own for 6+ years compared to other currencies that have not survived for long (including altcoins). Bitcoins was designed for users who want to transact online without the need to have their identity associated with it and not so that it becomes a global currency as Satoshi knew it wouldn't be as it opposes the Government regulations.


Title: Re: Was bitcoin designed to be global?
Post by: Dudeperfect on October 12, 2016, 04:59:32 PM
This is a good debatable topic, I think yes but it was an experiment which turned out to be a super successful experiment and now we are dealing with it. Yes a good core team with same credibility is must for any such another experiment on large level but it would take time for us to really face the problem of scarcity of bitcoins. I donít think that itís going to happen in next few decades.


Title: Re: Was bitcoin designed to be global?
Post by: serjent05 on October 12, 2016, 05:15:13 PM
I think bitcoin was designed to be global.

Bitcoin to me wouldn't have been thought of to be a major currency as early as this. With the statistics of about 21million BTC all over the world, then I really would want to know how its going to go round. I also think that, the limitation in the abundance is also a factor that makes it a sought after in the crypto world. In conclusion, it was intended for it to be global originally but not this early.

Well, you agreed that bitcoin is designed to be global.  If it is designed to be global then, at its early stage it should and must be global ready.  And I can see that bitcoin already have that capability.  The instant transaction, people from different countries and regions, can easily transfer coins without third party involvement, just the bitcoin network.  And even if it has the only 21m of coins, you cannot neglect the eight more decimal places attached to it. And there is this Satoshi, mBTC and BTC terms to make up for this eight decimal places.


Title: Re: Was bitcoin designed to be global?
Post by: coinoclock on October 12, 2016, 05:18:13 PM
it was maybe not designed with the goal to be global, but it was definitely designed to not exclude certain regions or people.  


Title: Re: Was bitcoin designed to be global?
Post by: kryptqnick on October 12, 2016, 06:44:13 PM
Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?

It sounds true that 21 million is not enough for billions of people. However, I think that is the reason why the price is going to increase enormously and people will actually use thousands of satoshi and 1 bitcoin will be something that only millionaires have. And of course I think that Bitcoin will not stay alone. Litecoin and other alt coins are going to join it.


Title: Re: Was bitcoin designed to be global?
Post by: vero on October 12, 2016, 06:53:44 PM
an interesting question, bitcoin has created for the global even the supply of bitcoin limited however decisive it's how expensive price for one bitcoin.


Title: Re: Was bitcoin designed to be global?
Post by: Nivir on October 13, 2016, 08:18:42 AM
an interesting question, bitcoin has created for the global even the supply of bitcoin limited however decisive it's how expensive price for one bitcoin.

Very true. Maybe 10 years from now a single satoshi will be worth a few bucks. And then people will realize later, damn I could've spent my free time patiently waiting at those free faucets for few satos. :D 


Title: Re: Was bitcoin designed to be global?
Post by: severaldetails on October 13, 2016, 08:29:29 AM
an interesting question, bitcoin has created for the global even the supply of bitcoin limited however decisive it's how expensive price for one bitcoin.

Very true. Maybe 10 years from now a single satoshi will be worth a few bucks. And then people will realize later, damn I could've spent my free time patiently waiting at those free faucets for few satos. :D 

The problem with increasing price is that the fees for transactions calculated in fiat increase as well.
There are those transactuions with no fees, but they are slower, sometimes not even confirmed.
When satoshis would be worth something, one simple transaction would cost a lot.
That's why I think there is a limit for the price of bitcoin.
And therefor the supply of bitcoins is way too low to play an important role in the global payment systems.


Title: Re: Was bitcoin designed to be global?
Post by: Darker45 on October 13, 2016, 08:52:35 AM
an interesting question, bitcoin has created for the global even the supply of bitcoin limited however decisive it's how expensive price for one bitcoin.

Very true. Maybe 10 years from now a single satoshi will be worth a few bucks. And then people will realize later, damn I could've spent my free time patiently waiting at those free faucets for few satos. :D 

The problem with increasing price is that the fees for transactions calculated in fiat increase as well.
There are those transactuions with no fees, but they are slower, sometimes not even confirmed.
When satoshis would be worth something, one simple transaction would cost a lot.
That's why I think there is a limit for the price of bitcoin.
And therefor the supply of bitcoins is way too low to play an important role in the global payment systems.

Yeah the charges are actually one of the major hindrances that bitcoin is facing. Imagine gaining 3% on trading but exchange centers will charge you 2% from converting btc into your own fiat money. Trading sites charge withdrawals and so on. Worst scenario is when bitcoin drop its value plus those charges. :(   


Title: Re: Was bitcoin designed to be global?
Post by: ObscureBean on October 13, 2016, 09:03:54 AM
Satoshi couldn't have known that Bitcoin would turn to be this successful, he probably started the project as an experiment. I doubt he spent a lot of time working out the precise details of how Bitcoin would work in a situation where everyone on earth is using it. That doesn't really matter though because Bitcoin code can always be improved/modified along the way if need be.


Title: Re: Was bitcoin designed to be global?
Post by: 1Referee on October 13, 2016, 09:10:26 AM
an interesting question, bitcoin has created for the global even the supply of bitcoin limited however decisive it's how expensive price for one bitcoin.

Limited supply is never a problem as Bitcoin is a divisible currency where you can split 1BTC into 100,000,000 smaller units if you so wish.

OP;

I am quite sure that it was his plan to have Bitcoin being operated/used throughout the entire world. People from that level never think small, their aim is always the highest possible.


Title: Re: Was bitcoin designed to be global?
Post by: rababo on October 13, 2016, 02:47:13 PM
I think it is. Bitcoin was designed to be digital currency, people all over the world can use it as currency without any difficulties like fiat does. And in future, more people will use it as currency because it's advantages in many aspects.


Title: Re: Was bitcoin designed to be global?
Post by: danherbias07 on October 13, 2016, 02:58:22 PM
I think it is. Bitcoin was designed to be digital currency, people all over the world can use it as currency without any difficulties like fiat does. And in future, more people will use it as currency because it's advantages in many aspects.

Very true it is. You just need to connect in the internet and somehow you could earn some. This will take the longer route though. As of buying bitcoin there will be a little problem with that. Some countries dont offer that kind of service.


Title: Re: Was bitcoin designed to be global?
Post by: iqlimasyadiqa on October 13, 2016, 03:12:23 PM
Of course . bitcoin is a financial media that can be used globally. we only need Internet access to use it.
the ease, speed and simplicity become an important point of excess bitcoin.


Title: Re: Was bitcoin designed to be global?
Post by: thisappointed on October 13, 2016, 04:42:46 PM
For me, when bitcoin was built by satoshi, I think he didn't designed it to be global but to be used as a virtual money in certain places. But right now since many people are using bitcoin and it is easily adopted by everyone because it is not that hard to earn and use, I think there's a possibility that it would gone global. Bitcoin is the future money like most of the people say because it is really convenient to use and not time consuming rather than we have to go personally to a store just to buy things if we can buy it online or just order it by using bitcoin as a payment, right?


Title: Re: Was bitcoin designed to be global?
Post by: socks435 on October 13, 2016, 04:47:24 PM
I think bitcoin is already using globally and they are made to use globally that can also accepting locally in many stores someday.. just like brazil right now that has 150 stores and counting to accept bitcoin as payment and i think it will happen too in the other countries


Title: Re: Was bitcoin designed to be global?
Post by: amacar2 on October 13, 2016, 05:13:04 PM
There are many clones of bitcoin already and none of them have got same adaptability and popularity like bitcoin till now. Even though bitcoin have only 21 million total bitcoin supply it can be distributed among all world population as 1 bitcoin can be franctioned into 108 times to make 1 satoshi and even that small amount of bitcoin is transfarable.


Title: Re: Was bitcoin designed to be global?
Post by: krishna1 on October 13, 2016, 06:29:25 PM
no bitcoin is not designed to be global it is for a local use only i mean not about a country use but it is made for a community or a fourm but now it is being used for the whole world and its kind of effective because we have used it almost on everywhere in the internet


Title: Re: Was bitcoin designed to be global?
Post by: croutonhexagon on October 13, 2016, 06:49:26 PM
Yes bitcoin is decentralized and it's meant for whole world and even for whole universe. It has no limitation. Bitcoin will reach wherever internet and crazy people like us exists.


Title: Re: Was bitcoin designed to be global?
Post by: mindrust on October 13, 2016, 06:57:00 PM
Of course it was.

There are many people use bitcoin to transfer their money overseas. This feature only will keep bitcoin as a global currency. You can't carry your cash overseas  without a problem unless you buy house or similar in the country you are carrying your money to. If you just wire 100k$ into your overseas account, the government will seize your money. If you buy a house and apply for a mortgage, suddenly there is no problem ! :D


Title: Re: Was bitcoin designed to be global?
Post by: PokerFace3 on October 13, 2016, 07:19:08 PM
no bitcoin is not designed to be global it is for a local use only i mean not about a country use but it is made for a community or a fourm but now it is being used for the whole world and its kind of effective because we have used it almost on everywhere in the internet
You cannot completely ignore that bitcoin was not created to be used globally. With the feature of having one bitcoin is infinitely divisible, bitcoin will be having enough number of units to serve this global.
In my understanding, I do not find the any pitfall that lacks to serve the total population of this world. Also bitcoin is completely flexible to have any future enhancements so certainly it will be always suitable for any demands.


Title: Re: Was bitcoin designed to be global?
Post by: audaciousbeing on October 13, 2016, 07:48:42 PM
Yes bitcoin is decentralized and it's meant for whole world and even for whole universe. It has no limitation. Bitcoin will reach wherever internet and crazy people like us exists.

I would say yes because anything that promise to not ask for your data can easily be exploited for illegal purpose without knowing that good people too always value their own privacy and not willing to share. So I think with the exposure Bitcoin is getting in recent times, and scrutiny being put in place I see it as being uncomfortable for the bad guys and I am also seeing then moving to another coming to make their date more private


Title: Re: Was bitcoin designed to be global?
Post by: SmartIphone on October 13, 2016, 10:07:19 PM
Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?


Since mostly all websites all accessible all over the world and the digital money is too then I think that bitcoin is designed to be global too.
This because the fees are same for local or international transaction so it doesn't matter about the country.
Because the total is 21M doesnt mean that 21M will be hold by 21M people.


Title: Re: Was bitcoin designed to be global?
Post by: shinratensei_ on October 14, 2016, 12:25:24 AM
no bitcoin is not designed to be global it is for a local use only i mean not about a country use but it is made for a community or a fourm but now it is being used for the whole world and its kind of effective because we have used it almost on everywhere in the internet
You cannot completely ignore that bitcoin was not created to be used globally. With the feature of having one bitcoin is infinitely divisible, bitcoin will be having enough number of units to serve this global.
In my understanding, I do not find the any pitfall that lacks to serve the total population of this world. Also bitcoin is completely flexible to have any future enhancements so certainly it will be always suitable for any demands.
And in my understanding "yes, bitcoin are designed for being a global(the global digital currency in my mind) and are not more than it.
bitcoin are needed more researching again about that. and bitcoin is already used by the digital community.


Title: Re: Was bitcoin designed to be global?
Post by: madwica on October 14, 2016, 01:13:41 AM
no bitcoin is not designed to be global it is for a local use only i mean not about a country use but it is made for a community or a fourm but now it is being used for the whole world and its kind of effective because we have used it almost on everywhere in the internet
You cannot completely ignore that bitcoin was not created to be used globally. With the feature of having one bitcoin is infinitely divisible, bitcoin will be having enough number of units to serve this global.
In my understanding, I do not find the any pitfall that lacks to serve the total population of this world. Also bitcoin is completely flexible to have any future enhancements so certainly it will be always suitable for any demands.
And in my understanding "yes, bitcoin are designed for being a global(the global digital currency in my mind) and are not more than it.
bitcoin are needed more researching again about that. and bitcoin is already used by the digital community.
Bitcoin now is treated as global decentralized currency and i think it will never been centralized currency but it is good enough for bitcoin more users of paypal are transferring here in bitcoin because of low fee of the transaction.


Title: Re: Was bitcoin designed to be global?
Post by: electronicash on October 14, 2016, 01:16:58 AM
not just bitcoin but perhaps the rest of the legit coin regardless of how is their value and the maximum supply. so long as people can send from where they are to where else in the world.


Title: Re: Was bitcoin designed to be global?
Post by: Hirose UK on October 14, 2016, 01:29:00 AM
probably not. as we can see there are only 21M bitcoins available, so I think it's not for global in term of every people in every country. I mean, there are so many people and many ways of think. they all don't think in the same way. so maybe satoshi didn't mean to create bitcoin for all of people. just my opinion.


Title: Re: Was bitcoin designed to be global?
Post by: ganjamancer on October 14, 2016, 01:38:19 AM
Indeed it is a global currency.  Technically, it can even be in places that don't have internet (sort of).  If someone has a paper wallet, they can receive coins anywhere in the world.  Spending can be a little harder, though, although it is possible.  For example, those loaded physical coins that have the private keys on the inside can be traded just like a... well, coin! ;-)


Title: Re: Was bitcoin designed to be global?
Post by: Hugroll on October 14, 2016, 01:41:52 AM
the total amount of bitcoins that was expected to be there doesnt really matter much because bitcoin can always be broken down into smaller and smaller pieces. i believe that bitcoin was designed to be global.
and the only way its going to survive is if it stays global.


Title: Re: Was bitcoin designed to be global?
Post by: Snorek on October 14, 2016, 01:45:12 AM
I am still surprised that people are so deeply rooted in old ways of thinking about money and they lack basic insight about Bitcoin.

Stop comparing bitcoin to FIATs - it is something entirely different and more sophisticated.

I bet people think of 21m of bitcoin in FIAT category - of course we couldn't use only 21 millions of dollars/euros/pounds/whatever to fuel our economy.

But bitcoin is not limited to one or two decimal places, like FIAT is. Bitcoin can be upgraded, FIAT cannot, bitcoin was born on the internet=internet is global.


Title: Re: Was bitcoin designed to be global?
Post by: lionheart78 on October 14, 2016, 01:54:35 AM
the total amount of bitcoins that was expected to be there doesnt really matter much because bitcoin can always be broken down into smaller and smaller pieces. i believe that bitcoin was designed to be global.
and the only way its going to survive is if it stays global.

I agree the amount of bitcoin is irrelevant whether it is designed to be global or not.  What matters is the capability of bitcoin to be sent anywhere in the world without a third party involved.  And since Bitcoin can be sent to anywhere in the world as long as the recipient have a bitcoin wallet, then it is designed to be globally used.


Title: Re: Was bitcoin designed to be global?
Post by: clickerz on October 14, 2016, 01:58:02 AM
the total amount of bitcoins that was expected to be there doesnt really matter much because bitcoin can always be broken down into smaller and smaller pieces. i believe that bitcoin was designed to be global.
and the only way its going to survive is if it stays global.
Yes, bitcoin is designed to be global. Look at transactions, it originates from different parts of the world.No one knows who you are and more people are joining to used the bitcoin. It gives opportunity worldwide and in bitcoin we are all equals no matter whats your color,races or origin. :)


Title: Re: Was bitcoin designed to be global?
Post by: NewInCryptoCurrency on October 14, 2016, 02:10:48 AM
the total amount of bitcoins that was expected to be there doesnt really matter much because bitcoin can always be broken down into smaller and smaller pieces. i believe that bitcoin was designed to be global.
and the only way its going to survive is if it stays global.
Yes, bitcoin is designed to be global. Look at transactions, it originates from different parts of the world.No one knows who you are and more people are joining to used the bitcoin. It gives opportunity worldwide and in bitcoin we are all equals no matter whats your color,races or origin. :)

I think that it was never expected that it could become so big honestly, so I think it was not designed to go globally.
On the other hand luckily it did and it unwraps good.


Title: Re: Was bitcoin designed to be global?
Post by: mirakal on October 14, 2016, 02:23:23 AM
the total amount of bitcoins that was expected to be there doesnt really matter much because bitcoin can always be broken down into smaller and smaller pieces. i believe that bitcoin was designed to be global.
and the only way its going to survive is if it stays global.
Yes, bitcoin is designed to be global. Look at transactions, it originates from different parts of the world.No one knows who you are and more people are joining to used the bitcoin. It gives opportunity worldwide and in bitcoin we are all equals no matter whats your color,races or origin. :)

I think that it was never expected that it could become so big honestly, so I think it was not designed to go globally.
On the other hand luckily it did and it unwraps good.
Of course it was designed globally, if you have read the full story on why bitcoin is created, you will know that its purpose is really to help the world transact online in the cheapest and the fastest way, and with that features people are attracted and they are coming in to adopt, so this is what we are seeing now.


Title: Re: Was bitcoin designed to be global?
Post by: Chris! on October 14, 2016, 02:41:05 AM
Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?


Actually there are 100million times more units than you listed. They're called a Satoshi. If bitcoins are worth 1000x what they are right now we still won't really have a need for 1 satoshi. If it becomes so mainstream that everyone owns bitcoins in the world (doubtful) then it could always be broken up into 10, 12 or 16 decimal points.


Title: Re: Was bitcoin designed to be global?
Post by: drwtsn32 on October 14, 2016, 03:12:38 AM
Of course. Definitely. Bitcoin was designed to be global. If I were its creator, why would I make a virtual currency that is only available in my country? I mean how can I even do that? Bitcoin runs on the internet and the internet is accessible anywhere by anyone.


Title: Re: Was bitcoin designed to be global?
Post by: Newcoins2020 on October 14, 2016, 03:28:56 AM
Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?


Since mostly all websites all accessible all over the world and the digital money is too then I think that bitcoin is designed to be global too.
This because the fees are same for local or international transaction so it doesn't matter about the country.
Because the total is 21M doesnt mean that 21M will be hold by 21M people.

I also think it was designed for global use, I do not think they never knew it will grow so much but that they had plans to get global that is one thing that is sure in my eyes.
I think that it is designed for global use..


Title: Re: Was bitcoin designed to be global?
Post by: Doms on October 14, 2016, 04:09:07 AM
Bitcoin being a decentralized currency is meant to be owned by everyone, with no central authority over it. That is why it is easy for it to be a global currency. The only problem is that people in general are not aware that such a thing or technology exists. Either that or they don't care about bitcoin. For what it's worth, bitcoin is already something that's global since everything that runs digitally is already part of globalization.


Title: Re: Was bitcoin designed to be global?
Post by: jerowacik on October 14, 2016, 04:10:56 AM
bitcoin is designed to meet all human needs. bitcoin can be used in various places. bitcoin might be hampered by the infrastructure.
bitcoin require computing devices / smartphones and internet access.


Title: Re: Was bitcoin designed to be global?
Post by: dearbesz1219 on October 14, 2016, 08:21:52 AM
I think yes! Bitcoin was design by the creator to become globally, That any country can adopt the system of bitcoin. But sadly, majority of the countries nowadays is not that open in digital currency. Hope that sooner or later they will see the edge of it for them to realize that bitcoin can be a key to progress their economy.


Title: Re: Was bitcoin designed to be global?
Post by: sempak on October 14, 2016, 08:30:06 AM
bitcoin is designed to meet all human needs. bitcoin can be used in various places. bitcoin might be hampered by the infrastructure.
bitcoin require computing devices / smartphones and internet access.
yes absolutely right. bitcoin can be accessed anywhere and anyone can use bitcoin. we are given the ease for each transaction made.


Title: Re: Was bitcoin designed to be global?
Post by: Luke2939 on October 14, 2016, 08:43:16 AM
I would say, yes it was designed to go global. If more people use bitcoin and run nodes, the stronger the bitcoin will be. So, it is a lot better for bitcoin to go global and be global. It has already won users spread across the world. This vital for the success of bitcoin. We can expect the price of the bitcoin to increase as going global will shoot up the demand of bitcoin.


Title: Re: Was bitcoin designed to be global?
Post by: MTBTT on October 14, 2016, 08:48:59 AM
bitcoin is designed to meet all human needs. bitcoin can be used in various places. bitcoin might be hampered by the infrastructure.
bitcoin require computing devices / smartphones and internet access.
of course bitcoin made for all men from wherever you're free to use bitcoin, bitcoin works just like regular money so it's not a problem to use by anyone


Title: Re: Was bitcoin designed to be global?
Post by: Taki on October 16, 2016, 04:29:12 PM
Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?


Bitcoin became a global currency already. More and more people in the world start to realise all the power of bitcoin. That makes bitcoin more popular and provokes it's price to grow higher and higher. And those people who hold more bitcoins automatically turn into millionares. Nobody knows what will be in 40 years it is too long period. Probably people will use other crypto currencies and it will be same popular and useful as Bitcoin. Or the number of bitcoins will be increased.


Title: Re: Was bitcoin designed to be global?
Post by: newcoins1978 on October 17, 2016, 02:02:10 PM
Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?

Yeah Bitcoin is designed to be global that is why they made use of the fact that you can access it with the internet no matter where you live.
They have done this with a purpose and made good use of the internet.


Title: Re: Was bitcoin designed to be global?
Post by: dunfida on October 17, 2016, 03:15:37 PM
Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?


Its  impossible  to manipulate even on bitcoin alone  because  no one  would able to make it except  to the  original devs and the  founder itself.  40  years is too long way to consider  because we dont  even know if bitcoin would still exist  or being replaced already by a new crypto.


Title: Re: Was bitcoin designed to be global?
Post by: SmartIphone on October 18, 2016, 07:50:11 AM
Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?


Since mostly all websites all accessible all over the world and the digital money is too then I think that bitcoin is designed to be global too.
This because the fees are same for local or international transaction so it doesn't matter about the country.
Because the total is 21M doesnt mean that 21M will be hold by 21M people.

I also think it was designed for global use, I do not think they never knew it will grow so much but that they had plans to get global that is one thing that is sure in my eyes.
I think that it is designed for global use..

Whatever the bitcoin was designed for I still believe that it is for global/international use.
Since the transaction fees are the same then it is being used at the best way for international transaction.


Title: Re: Was bitcoin designed to be global?
Post by: elDano on October 18, 2016, 08:18:34 AM
Bitcoins are designed to be global for sure and the bitcoin is global because everyone in the world are using it and that is nice because how more people
will use it how more the price will become.


Title: Re: Was bitcoin designed to be global?
Post by: Rostadom on October 18, 2016, 01:12:48 PM
The fact that Bitcoin is done with the aid of the Internet, it's only normal to think that it was designed to be used globally. The number of Bitcoins is enough to be used by computer geeks around the world. We can send and receive Bitcoin regardless of the sender's location. As long as there's an Internet connection, you can use Bitcoin and there's Internet in most places in the world.


Title: Re: Was bitcoin designed to be global?
Post by: drwtsn32 on October 18, 2016, 01:53:33 PM
We were not sure about Satoshi's thinking back when he was making it but, you can see that bitcoin is perfect for the internet, which is global. So I think it was at least 80% really intended to be global.


Title: Re: Was bitcoin designed to be global?
Post by: Skaven on October 18, 2016, 01:56:41 PM
Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?


Yes there are only 21M Bitcoins but do remember that they are divisible into 8 decimal units. The design was built for payments on the internet without any middlemen involved aka banks.

It is very arguable that most, if not all of the people would be using Bitcoin as the only cryptocurrency solution 40 years from now. Banks are also interested in the technology to remain relevant in online payments. So we might either see Bitcoin evolve to become the dominant solution for online payments or we see it replaced by something else.

Or maybe we would see Bitcoin become as a sort of commodity and as a store of value.
Off course there are so many people who are using the bitcoin so you can say the bitcoin is getting global becuase everyone on the planet is using it in all kind of
countrys does not matter witch one.


Title: Re: Was bitcoin designed to be global?
Post by: drakker on October 18, 2016, 02:12:30 PM
I think the answer is yes. For me it will be global someday but not for now. Today a few knows about bitcoin in terms of global population. Someday when majority of population knows about bitcoin more shops, stores,establishments will use bitcoin in terms of payment. I think time can answer your question mate.


Title: Re: Was bitcoin designed to be global?
Post by: Ybalevia on October 18, 2016, 02:16:32 PM
I dont think that the bitcoin is designed for global use but you can do allot of things world wide with the bitcoin i think first his dissision was the china
but now he is everywhere you look./


Title: Re: Was bitcoin designed to be global?
Post by: Sandroxa on October 18, 2016, 02:53:34 PM
I think that the bitcoin is used global i dont know if he is designed to be global but when he is not designed for global use there will not everybody on planet have bitcoins so
i think he is designed for global use.


Title: Re: Was bitcoin designed to be global?
Post by: digaran on October 18, 2016, 05:45:02 PM
After I thought about it now I see bitcoin is like the cloud, you can access it every where but you can't really control it and it will never become an official currency in any country because it's decentralized.


Title: Re: Was bitcoin designed to be global?
Post by: CasioK on October 18, 2016, 05:57:25 PM
After I thought about it now I see bitcoin is like the cloud, you can access it every where but you can't really control it and it will never become an official currency in any country because it's decentralized.
How you can say that bitcoin will never become official currency for a country ?
It would be up to a country's policies and financial situation. If their people prefer, any country will be able to adopt bitcoin as their official currency, I do not see any technical problem for that. If any country declare so, that will give very big boost for bitcoin prices.


Title: Re: Was bitcoin designed to be global?
Post by: prabowo96 on October 18, 2016, 06:00:43 PM
After I thought about it now I see bitcoin is like the cloud, you can access it every where but you can't really control it and it will never become an official currency in any country because it's decentralized.
How you can say that bitcoin will never become official currency for a country ?
It would be up to a country's policies and financial situation. If their people prefer, any country will be able to adopt bitcoin as their official currency, I do not see any technical problem for that. If any country declare so, that will give very big boost for bitcoin prices.

Why any country will acept this? They wiill have zero control and the fiat currency will be dead.
Government will probably ban bitcoin if it starts to move the fiat currency price down.

Think about it.


Title: Re: Was bitcoin designed to be global?
Post by: Doamader on October 18, 2016, 06:29:34 PM
Well in the first i doubt Nakamoto ever dreamed with bitcoin being worth 10 dollars or above those, i do believe he were frustated and made something complex, but with a purpose save money with any transaction reducing the fees, anyway since it turned into a sucess, i do believe the crypot world has power enought to change from fiat to crypto without problem, there are several coins with potencial.


Title: Re: Was bitcoin designed to be global?
Post by: lol3c on October 18, 2016, 06:41:55 PM
Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?

Maybe there will be more cryptocurrencies in 40 years later. Look at the world right now, Each country have their own currency. And futhermore, we have EURO, GOLD, Diamond considered as currency. At the moment, many team are developing their own cryptos which they believe can be one of the world Currencies. For example, Etherium which have developed by The DAO are very popular nowadays. So, we have to admit that BItcoin is not the one and only currencies in the world


Title: Re: Was bitcoin designed to be global?
Post by: serjent05 on October 18, 2016, 06:45:48 PM
Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?

Maybe there will be more cryptocurrencies in 40 years later. Look at the world right now, Each country have their own currency. And futhermore, we have EURO, GOLD, Diamond considered as currency. At the moment, many team are developing their own cryptos which they believe can be one of the world Currencies. For example, Etherium which have developed by The DAO are very popular nowadays. So, we have to admit that BItcoin is not the one and only currencies in the world

LOL it was been admitted even before early years and the reason we have alternate cryptocurrency section in this forum.  No one is denying the fact that bitcoin is not alone.  And it is possible that there will be centralized  cryptocurrency in the next decade for each country.  Because that is where the trend is going to.


Title: Re: Was bitcoin designed to be global?
Post by: boyptc on October 19, 2016, 01:19:21 AM
I think that the bitcoin is used global i dont know if he is designed to be global but when he is not designed for global use there will not everybody on planet have bitcoins so
i think he is designed for global use.

Me too I'm thinking that bitcoin was designed to be global. Because this is the first currency that we can be used all over the world. And we don't have to convert it to our fiat money in able to have transactions abroad. And good thing that bitcoin has been adopted by many people so we are not going to have any problems for its mass adoption.


Title: Re: Was bitcoin designed to be global?
Post by: Oilacris on October 19, 2016, 05:08:53 AM
I think that the bitcoin is used global i dont know if he is designed to be global but when he is not designed for global use there will not everybody on planet have bitcoins so
i think he is designed for global use.

Me too I'm thinking that bitcoin was designed to be global. Because this is the first currency that we can be used all over the world. And we don't have to convert it to our fiat money in able to have transactions abroad. And good thing that bitcoin has been adopted by many people so we are not going to have any problems for its mass adoption.

ITs really designed to be  used globally because  we  are  all on a single blockchain  which all networks   all bitcoins users as  long  there is internet  then we are all connected to each  other  by means of wallets addresses.  As you said   we  wont  have  really have a hard time  to send and recieve funds  came from other side of the world.


Title: Re: Was bitcoin designed to be global?
Post by: MingLee on October 19, 2016, 05:10:41 AM
Bitcoin, based on the whitepaper, was designed around the concept of a currency completely free of centralization, meaning that it would be a form of currency designed to have a lot of global-effect aspects, yes. it is more than likely it was intended to be used by anyone and everyone before the protocol was finalized.


Title: Re: Was bitcoin designed to be global?
Post by: ekoice on October 19, 2016, 07:55:21 PM
Yes, bitcoin was designed to be global.Bitcoin was introduced to pay online without any bank involvement charging fees.It has decentralized  money giving opportunity to all people to earn.


Title: Re: Was bitcoin designed to be global?
Post by: JeffBrad12 on October 19, 2016, 11:58:33 PM
That's right, without through the money institution gateway are reducing the fees in using bitcoin caused by the bank are can't taking fees from the transaction. we can see a lot of the people from around the world already joining in here. and i can defining if bitcoin already designed be globally.


Title: Re: Was bitcoin designed to be global?
Post by: danherbias07 on October 20, 2016, 01:15:31 AM
Yes, bitcoin was designed to be global.Bitcoin was introduced to pay online without any bank involvement charging fees.It has decentralized  money giving opportunity to all people to earn.

I think that is the real purpose. Maybe Satoshi already seen that this banks are getring richer everyday and want ti end it with something. So he found bitcoin as a way to make that stop or for people to have an option.


Title: Re: Was bitcoin designed to be global?
Post by: Skaven on October 20, 2016, 03:30:41 AM
Yes, bitcoin was designed to be global.Bitcoin was introduced to pay online without any bank involvement charging fees.It has decentralized  money giving opportunity to all people to earn.

I also think it was but of course we cannot really now this because its something that we cannot know.
No one knew it would be so big and its even still growing too..


Title: Re: Was bitcoin designed to be global?
Post by: Zadicar on October 20, 2016, 04:02:24 AM
Yes, bitcoin was designed to be global.Bitcoin was introduced to pay online without any bank involvement charging fees.It has decentralized  money giving opportunity to all people to earn.

I think that is the real purpose. Maybe Satoshi already seen that this banks are getring richer everyday and want ti end it with something. So he found bitcoin as a way to make that stop or for people to have an option.

I could somehow agree with this,  there are really lots  of  purpose as i assume  on satoshi invention but we cant really tell the precise  one  because we dont know whats on the  mind  of satoshi but we  must be thankful after all  on which  bitcoin have been created as  you said  it gives people  another  option.


Title: Re: Was bitcoin designed to be global?
Post by: chaser15 on October 20, 2016, 04:05:20 AM


I think that is the real purpose. Maybe Satoshi already seen that this banks are getring richer everyday and want ti end it with something. So he found bitcoin as a way to make that stop or for people to have an option.

Well I doubt that it has to do something with banks getting richer everyday since no doubt banks are big help in some of the countries. But Im agree that Satoshi want to end something that is usual in money transfers.

Since money tranfers really sucks especially from country to country transfers, blockchain was introduced which is really a big help in erasing those classic way to send and receive money. What a wonderful bright idea in the Satoshi group.


Title: Re: Was bitcoin designed to be global?
Post by: BitcoinPC on October 20, 2016, 09:10:03 AM
Yes, bitcoin was designed to be global.Bitcoin was introduced to pay online without any bank involvement charging fees.It has decentralized  money giving opportunity to all people to earn.

Also bitcoin introduce in this world a new currency which people know about it a crypto currency, before it on one know about any crpto currencies, and also bitcoin give us a new way to come in Altcoin trading, It is a online currency where we can use it easily and buying everything, and as you said bitcoin give us amount transfer anywhere in a less charges and the best way of bitcoin that it give us a huge peoples of earning ways, now many people are earning from bitcoin, So we can say it clearly, Bitcoin is design for a global.


Title: Re: Was bitcoin designed to be global?
Post by: Xester on October 20, 2016, 11:07:16 AM
Yes, bitcoin was designed to be global.Bitcoin was introduced to pay online without any bank involvement charging fees.It has decentralized  money giving opportunity to all people to earn.

To add bitcoin is global because it runs through the world wide web that is served on the entire planet. And common sense tells us that if bitcoin was not made for all regions in the planet it will be not available worldwide. But the factor that will stop bitcoin from being global is the acceptance of countries, some countries bans bitcoin in their political boundaries.


Title: Re: Was bitcoin designed to be global?
Post by: groll on October 20, 2016, 11:13:12 AM
Yes, bitcoin was designed to be global.Bitcoin was introduced to pay online without any bank involvement charging fees.It has decentralized  money giving opportunity to all people to earn.

To add bitcoin is global because it runs through the world wide web that is served on the entire planet. And common sense tells us that if bitcoin was not made for all regions in the planet it will be not available worldwide. But the factor that will stop bitcoin from being global is the acceptance of countries, some countries bans bitcoin in their political boundaries.

In the biggest sense bitcoin was made to be used globally without being controlled by banks and will pass through all boundaries as long as the internet can reach. That is the main target of decentralization of bitcoin, it is to be present and used globally without global acceptance the success of this coin is low. Bitcoin as a currency is a also a product that needs market and so for it to succeed it needs to be offered around the globe to increase its value and its usefulness.


Title: Re: Was bitcoin designed to be global?
Post by: coynedterm on October 20, 2016, 11:18:10 AM
Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?

actually we can't here confirm whether bitcoin is designed for globally used or not . because every people from world are using btc . but every day new people entering in the bitcoin world . so we can say that it will also develop with the increase of use of bitcoin globally .


Title: Re: Was bitcoin designed to be global?
Post by: mirakal on October 20, 2016, 11:22:53 AM
Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?

actually we can't here confirm whether bitcoin is designed for globally used or not . because every people from world are using btc . but every day new people entering in the bitcoin world . so we can say that it will also develop with the increase of use of bitcoin globally .
We can confirm actually because bitcoin was already created and we can witness what is the use of bitcoin, I see that people are using it as a universal currency that we can transact online using bitcoin either what country are we living, that alone will prove that it is designed globally.


Title: Re: Was bitcoin designed to be global?
Post by: kanazawa on October 20, 2016, 11:43:01 AM
There's a wide misundertstood about the total bitcoin mined. Yes, it was design to be global, just have to understand the content in the satoshi's white paper. There are numbers of obstacle we're facing everyday but that's the reality of The New Money.  8)


Title: Re: Was bitcoin designed to be global?
Post by: Adamsmit556 on October 20, 2016, 11:48:51 AM
I was wondering. The People are talking about that bitcoin is only divisible by 8 digits, whether a possibility to expand the value of bitcoin by dividing it up 10 or even 12 digits?                              
If it's possible then the single bitcoin may become more valuable and a smaller "micro coins" could fulfill its role globally.


Title: Re: Was bitcoin designed to be global?
Post by: hajimasan on October 20, 2016, 11:57:00 AM
Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?

ofcourse it was designed to use globally .
we can say it is made to use by everyone from.world to make use and earn and also make payment .
since in bitcoin we can make multiple wallet and unlimited bitcoin adress so i think there is no limit for Bitcoin wether is globally or not globally uses .


Title: Re: Was bitcoin designed to be global?
Post by: iqlimasyadiqa on October 20, 2016, 12:02:50 PM
There's a wide misundertstood about the total bitcoin mined. Yes, it was design to be global, just have to understand the content in the satoshi's white paper. There are numbers of obstacle we're facing everyday but that's the reality of The New Money.  8)
of course bitcoin in design globally. let alone the use of bitcoin is easy. everyone will easily understand bitcoin quickly. bitcoin made for the use of everyone. ranging from children to adults.


Title: Re: Was bitcoin designed to be global?
Post by: RoommateAgreement on October 20, 2016, 12:21:35 PM
There's a wide misundertstood about the total bitcoin mined. Yes, it was design to be global, just have to understand the content in the satoshi's white paper. There are numbers of obstacle we're facing everyday but that's the reality of The New Money.  8)
of course bitcoin in design globally. let alone the use of bitcoin is easy. everyone will easily understand bitcoin quickly. bitcoin made for the use of everyone. ranging from children to adults.

bitcoin is global right now, because it is simply being used by every people around the globe no matter where they are from and that is the beauty of bitcoin that it belongs to no one but it belongs to everyone.


Title: Re: Was bitcoin designed to be global?
Post by: BlackPanda on October 20, 2016, 12:23:53 PM
for me the use of bitcoin is still very limited. as there are regions and areas not accessible by the Internet network. bitcoin requires that we use the Internet interconnection.


Title: Re: Was bitcoin designed to be global?
Post by: Japinat on October 20, 2016, 12:43:04 PM
There's a wide misundertstood about the total bitcoin mined. Yes, it was design to be global, just have to understand the content in the satoshi's white paper. There are numbers of obstacle we're facing everyday but that's the reality of The New Money.  8)
of course bitcoin in design globally. let alone the use of bitcoin is easy. everyone will easily understand bitcoin quickly. bitcoin made for the use of everyone. ranging from children to adults.
Bitcoin is designed globally because there is no country restriction and it was made easy for us to use bitcoin as we do not need to comply with any rules, as long as you have a wallet, you are good to go.


Title: Re: Was bitcoin designed to be global?
Post by: TTMNewsK on October 20, 2016, 01:27:15 PM
In my opinion, I think its a yes!
I salute all the developers of Bitcoin and I know that Bitcoin was designed to be global. Most of the countries can adopt the system and way of bitcoin but not all of them are interested about it. There are some countries that are not accepting and tolerating the used of the digital currencies esp bitcoin in their countries. But I am still hoping that in the future, they'll realized the importance of bitcoin. Bitcoin is can be used as a key for their success in their country and I know that they will all support the bitcoin soon.


Title: Re: Was bitcoin designed to be global?
Post by: GreenBits on October 20, 2016, 01:35:45 PM
Quite obviously this was a design consideration. Bitcoin scales and correlates to the entire internet, and unless you live in a part of the world where modern technology hasn't made it, the internet is unarguably 'global'. Now, that 'global' concept breaks down about 1 inch outside of a wifi field..


Title: Re: Was bitcoin designed to be global?
Post by: Newcoins2020 on October 20, 2016, 01:44:32 PM
There's a wide misundertstood about the total bitcoin mined. Yes, it was design to be global, just have to understand the content in the satoshi's white paper. There are numbers of obstacle we're facing everyday but that's the reality of The New Money.  8)
of course bitcoin in design globally. let alone the use of bitcoin is easy. everyone will easily understand bitcoin quickly. bitcoin made for the use of everyone. ranging from children to adults.

bitcoin is global right now, because it is simply being used by every people around the globe no matter where they are from and that is the beauty of bitcoin that it belongs to no one but it belongs to everyone.

It is and I also think that its not bad that its global right now because its very nice and due to that its growing a lot these days..


Title: Re: Was bitcoin designed to be global?
Post by: satdas on October 20, 2016, 02:24:56 PM
There's a wide misundertstood about the total bitcoin mined. Yes, it was design to be global, just have to understand the content in the satoshi's white paper. There are numbers of obstacle we're facing everyday but that's the reality of The New Money.  8)
of course bitcoin in design globally. let alone the use of bitcoin is easy. everyone will easily understand bitcoin quickly. bitcoin made for the use of everyone. ranging from children to adults.

bitcoin is global right now, because it is simply being used by every people around the globe no matter where they are from and that is the beauty of bitcoin that it belongs to no one but it belongs to everyone.
yes i am agree with you that bitcion is already a global currency, as we can see people in bitcoin forum from all over the world, bitcoin has also the same value in all over the world, the number of bitcoin users is also increasing continuously and making bitcoin more stronger and more stable currency.


Title: Re: Was bitcoin designed to be global?
Post by: Leonard2016 on October 20, 2016, 02:27:47 PM
There's a wide misundertstood about the total bitcoin mined. Yes, it was design to be global, just have to understand the content in the satoshi's white paper. There are numbers of obstacle we're facing everyday but that's the reality of The New Money.  8)
of course bitcoin in design globally. let alone the use of bitcoin is easy. everyone will easily understand bitcoin quickly. bitcoin made for the use of everyone. ranging from children to adults.

bitcoin is global right now, because it is simply being used by every people around the globe no matter where they are from and that is the beauty of bitcoin that it belongs to no one but it belongs to everyone.

It is and I also think that its not bad that its global right now because its very nice and due to that its growing a lot these days..

it is not only bad but also it is one of the best things about bitcoin in my opinion. becasue you can use it from any place in the world with nothing to stop or restrict you.
unline any other currency or payment processor you can always rely on bitcoin to be there for you.


Title: Re: Was bitcoin designed to be global?
Post by: iqlimasyadiqa on October 20, 2016, 02:35:27 PM
There's a wide misundertstood about the total bitcoin mined. Yes, it was design to be global, just have to understand the content in the satoshi's white paper. There are numbers of obstacle we're facing everyday but that's the reality of The New Money.  8)
of course bitcoin in design globally. let alone the use of bitcoin is easy. everyone will easily understand bitcoin quickly. bitcoin made for the use of everyone. ranging from children to adults.

bitcoin is global right now, because it is simply being used by every people around the globe no matter where they are from and that is the beauty of bitcoin that it belongs to no one but it belongs to everyone.
everyone can do anything. they are free to use bitcoin as long as it has an internet connection and device support.
I think in the current era of all people in urban areas have access to internet very easily.


Title: Re: Was bitcoin designed to be global?
Post by: AxlYo on November 05, 2016, 03:08:46 PM
Well, since bitcoin is being deployed online, thus is it globally accessible as long as you got internet connection definitely by this reason bitcoin undoubtedly designed to be global.


Title: Re: Was bitcoin designed to be global?
Post by: MONKEYJUNK on November 05, 2016, 03:22:48 PM
There's a wide misundertstood about the total bitcoin mined. Yes, it was design to be global, just have to understand the content in the satoshi's white paper. There are numbers of obstacle we're facing everyday but that's the reality of The New Money.  8)
of course bitcoin in design globally. let alone the use of bitcoin is easy. everyone will easily understand bitcoin quickly. bitcoin made for the use of everyone. ranging from children to adults.

bitcoin is global right now, because it is simply being used by every people around the globe no matter where they are from and that is the beauty of bitcoin that it belongs to no one but it belongs to everyone.
everyone can do anything. they are free to use bitcoin as long as it has an internet connection and device support.
I think in the current era of all people in urban areas have access to internet very easily.

I think that's the future, a world without borders where anyone can deal with anyone with open source things.

The "problem" with bitcoin is all those scamers and hacks that gives to bitcoin a bad fame...


Title: Re: Was bitcoin designed to be global?
Post by: saiha on November 05, 2016, 03:37:49 PM
Well, since bitcoin is being deployed online, thus is it globally accessible as long as you got internet connection definitely by this reason bitcoin undoubtedly designed to be global.

Yeah, there are a lot of merchants who are now willingly accepts bitcoin for the services and products that they are offering.

But most of them are just for local transactions and still there are a lot of merchants who can be found for each localities and countries.

So it is not just designed but being used globally.


Title: Re: Was bitcoin designed to be global?
Post by: outatime1 on November 05, 2016, 03:42:31 PM
I think the point was for bitcoin to not replace fiat, but to be an alternative way to hold and send money outside of control of banks or governments. It puts the power more in the individual's control.


Title: Re: Was bitcoin designed to be global?
Post by: raven7886 on November 05, 2016, 04:34:23 PM
I think the point was for bitcoin to not replace fiat
But in reality, only the fittest will survive so for example fiats/bank/gold as medium of exchange/paypal/WU will find hard time. After a century may get replaced too.

to be an alternative way to hold and send money outside of control of banks or governments. It puts the power more in the individual's control.
The alternative way of saving and spending money will finds its importance by showing its advantages. By powering people bitcoin develops its power. Wherever people prefer freedom, bitcoin would be the right solution, so definitely deserve to be global.


Title: Re: Was bitcoin designed to be global?
Post by: Mastsetad on November 05, 2016, 04:40:06 PM
for me the use of bitcoin is still very limited. as there are regions and areas not accessible by the Internet network. bitcoin requires that we use the Internet interconnection.

Bitcoin was actually made to be used on internet only i guess, i don't think Satoshi had this thing in his mind that time that bitcoin will become a currency one day that will be used in physical world as well, so if bitcoin does not reach to a place where there is no internet then there isn't any fault of bitcoin, because bitcoin is made for internet and where there is no internet there is no bitcoin simply.


Title: Re: Was bitcoin designed to be global?
Post by: OrangeII on November 05, 2016, 04:49:07 PM
yes, I am sure of it. bitcoin design so is charming. other than that bitcoin is made with all the benefits very much, other than a transaction tool. Well, bitcoin is also designed with the use of very simple, so that the world community can know how to use it with ease. I'm sure all of it is designed for the benefit of global


Title: Re: Was bitcoin designed to be global?
Post by: ashiqdey on November 05, 2016, 05:21:24 PM
While bitcoin was developed by Satoshi or his team then they might have not thought that bitcoin would get this much popularity that users from all over the world will use it. I think at first they had no knowledge of how many user will use it and also they must have no knowledge that it would be used globally


Title: Re: Was bitcoin designed to be global?
Post by: romero121 on November 05, 2016, 05:31:11 PM
Bitcoin have been created to last with limitations but as its open source according to the necessity it can be modified based upon the adoption taking place in relevant to the time barrier.


Title: Re: Was bitcoin designed to be global?
Post by: Daniel91 on November 05, 2016, 06:11:24 PM
It's difficult to say what Satoshi originally planned with Bitcoin, because we can't talk with him. :)
It's sure thing that he is brilliant man and invested a lot time and effort in it.
I'm sure that he wanted to make his project successful.
How much success he expected?
Was bitcoin designed to be global?
I think answer is yes and Bitcoin is really global now, soon to become mainstream.
It's great that we are part of it.



Title: Re: Was bitcoin designed to be global?
Post by: hisuka on November 05, 2016, 06:36:45 PM
Bitcoin was being used and designed already as global. As many bitcoin
users already into bitcoin or adopt bitcoin. Every country already adopts
its uses of bitcoin. Likewise, it is designed as globally.