Bitcoin Forum

The bitcoin is the currency of the future. It will help mankind grow to another level. It is like the invention of the first computer. Cryptos are the beginning of a new era and must be used as global currencies. I mean all countries must use the bitcoin instead of their currencies. It is not stable like gold but it is solid.  How many times people predicted the end of bitcoin? How many times has it come back from ashes.  One money for 1 world. We just need time to make it come true.

The idea of making bitcoin as global currency or repressing it as global currency is old and hot topic these days. However its been discussed already that bitcoin dont have that much capability as it should be having to take the place of fiat currency. I mean fiat is at one side where it is stable, circulating as per demand needs and having non ending supply yet valued. However, bitcoin is completely opposite to this, its not stable, the value keep changing everyday, plus supply is not changing according to demand but staying as it is. This means its not having currency property yet, its more or less asset.

To say bitcoin in monetary form is hard to do. The currency is still there and its value has not changed much. The longer electronic money is intended to go faster for the profit generated and it does not have the same features as cash. Bitcoin unsettling in the market up and down erratic.

Yes bitcoin is a global currency all ready. It knows no borders, anyone can use it
regardless of their economic or social position but thinking any country  is going
to use it as their currency is a waste of energy.

The OP is correct in saying it is unstable and it might be solid but these are not
reasons which will determine bitcoins adoption by a country. Its about control
and no government can control it so it is not in their interest to use it.

Everyone using Bitcoin ? Nah that won't happen. Imo it'll stay as an alternative payment method because I don't think the government would allow Bitcoin to replace their fiat. There's too much Bitcoin users that prefer to hold instead of using it as a currency and it would be like this for years until Bitcoin becomes expensive so the price would stablilize

Bitcoin's main vision is to become a world currency, but I think it has failed.
the reason is because of the limited amount, there are only 21,000,000 bitcoin in the world.
and it can't be for the whole world, it won't be enough.

Bitcoin will never get global adoption in its current state due to the network limitations.
Bitcoin can handle only 5-7 transactions per second. Ether is a little bit better, but not too much: 15-19 tps.
Now compare it to VISA's 47,000 tps.

Yes, I know about lightning network and other methods of speeding up the network.
But still, even with these solutions Bitcoin can hardly ever become something for millions of people to use on a daily basis.

To talk about bitcoin for the world, the present is not possible. The future is not sure because of the fact that cash is still in use. And it has more practical implications for promoting global economic mobility. Bitcoin is probably the future that will do that and more good things in the future.