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Im almost there I will get enough activity, but I can't get the merit. What should I do and how will I get it?
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Hey I'm thinking about making some money on the side and mining in my college dorm room where electricity is payed for... What do ya think? I've never done this. Is it worth it?
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Winning a Basketball State Championship!!!
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Bitcoin is far from a leading global currency. It needs universal acceptance in a single country before it can make the leap into global acceptance. Think about how many countries will accept USD, even though they may have their own local currency.
I don't think that it necessarily needs to shake being compared to the USD or valued in USD as a main point of reference in order to achieve global currency status (most currencies are compared to other currencies and the US $$ is the most recognised at this point in time).
Stability and ease of transaction will be the big check points for global acceptance. As soon as there is no longer a need to transfer Btc immediately into fiat in order to cover operating expenses then it could hold that kind of status. The more accepted it becomes the more accepted it becomes, its a snowball that just needs a big enough push (acceptance at Amazon or something of that stature would be a pretty decent shove). If you are willing to get paid in Btc because you can buy your milk from the supermarket in btc and pay your rent/mortgage in btc then chances are so will your neighbours etc.
In order for it to be used like a currency though it needs to be transferable like a currency at the micro level. If i can give someone 10c in bitcoin and it only costs me 10-11c then that is the point at which it will be in a similar boat as a FIAT currency. That transaction needs to also happen a the pace of any currently accepted electronic transaction (VISA etc).
We are just at that leap of faith point where people are getting on board the bitcoin train and converting into fiat if need be. If the growing rate of acceptance keeps up then maybe soon you will be able to go on holiday and never have to stop in at a bank to change currency. I see it more as a store of value atm (electronic gold) and have not made a single purchase with it because purchasing it has fees, and transferring it has fess, so in the end its not really at a workable transactional currency yet.
Interesting Perspective, do you think that there might be a way to lower the general transaction prices and make it affordable? I feel like you could technically use it today like PayPal, just safer. What do you think? |
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I feel like even though the price of Bitcoin has been on the down fall I feel like Bitcoin is so close to becoming the worlds leading currency. I can see it, however I feel like it takes some kind of major event for it to get over the hump. I know this sounds messed up, but I feel like another financial crisis would help out bitcoin make that leap and make people trust the currency more. Another thing is retailers and their acceptance of bitcoins. If Amazon, Walmart, Target etc. started to accept Bitcoin as a valid currency, the currency would become more stable and attractive to consumers. What do you guys think?
how can bitcoin be the worlds leading currency, its not even possible to spend it, people and bitcoin trader still think in us dollar they seek to increase their amount of us dollar thats why they sell bitcoin or buy it. from that you see that the us dollar is the lead currency. I get what you're saying, but I feel like it has huge advantages over the US dollar. It's not centralized, but even though it's not, it has a system of controlling it's inflation through mining speed. I really don't think that we'll get rid of the dollar or other currencies soon, but I think it has the potential to stand equal to the world's strongest monetary systems. |
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I feel like even though the price of Bitcoin has been on the down fall I feel like Bitcoin is so close to becoming the worlds leading currency. I can see it, however I feel like it takes some kind of major event for it to get over the hump. I know this sounds messed up, but I feel like another financial crisis would help out bitcoin make that leap and make people trust the currency more. Another thing is retailers and their acceptance of bitcoins. If Amazon, Walmart, Target etc. started to accept Bitcoin as a valid currency, the currency would become more stable and attractive to consumers. What do you guys think?
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"Mastery is revealed in limitation & Law alone can set us free"
-Goethe
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Going to Disneyland was so NICE  |
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I think a good balance of working out and eating well can cut the deal
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I started with python. I think it is very simple to learn. Which ever language it is, the most important thing is that at some point you'll experience your program not working, at that point you can't quit, but have to keep pushing and trying to find the answer.
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I mean it's really dependent on what you consider cheap. If you want a good smart phone that is cheap for a high end phone, then I'd go with the pixel 2, which goes for $649usd. Else I'd go with Xiamo or Huawei.
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Speak your mind. Just be yourself, do what you wanna do and don't think about what is socially acceptable and what not. You'll be impressed by how many more people will like you.  |
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Manga, Anime, Sushi, earthquakes, kamikaze, Their flag and the sun on it.
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I learned python first. I feel like it's the easiest language to learn
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The ancient greeks were aware of the fact that the earth was round and here is how. They were looking at ships coming in from the horizon and would see the ships pole first. Also Aristotle realized the earths shadow on the moon during an eclipse, which was round.
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I mean there are a lot of reasons why the US is the most powerful country. Personally I believe the strongest is media. With media I mean the internet and Hollywood. Those two are dominated by the english language and US culture. I think this has huge impact.
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If bitcoin was to be stable it would be even more popular. We have to think of the easiness of acquiring bitcoins. You simply go online and trade. This would make it easier for people in developing countries where high currency deflation rates exist to escape the madness of having to worry about how much money their contry is printing.
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