Bitcoin Coin

[darewaller]

Anyone still talking about one world currency this time is a dumb person. The world doesn't need any one world currency. And by the way Bitcoin is not that so important as some of you makes it looks like. Bitcoin wasn't made for the purpose of one world currency, you failed completely by saying that,. Bitcoin was created for making transactions across the world cheap and fast.

There is no place that Satoshi Nakamoto said that Bitcoin was a one currency… it is stated clearly if you check for the meaning of Bitcoin. There is even a video on YouTube that explains that and there is also a post on the Bitcoin official website as well that addresses the purpose for Bitcoin.

[MadeinCoin]

- Isnt it effective since the value of money is different on all the countries?
I guess so. Economically speaking, it will take years of research for this kind of project to succeed. There are a hundreds of things that should be considered. If all nations will be equal, then i dont think there's a problem in this.

What do you think?

I don't think this is possible, every country has its own regulations on their currencies and that is independent. Especially with the US and China, these two countries certainly disagree because they will continue to fight. And if the world only has one currency, which is bitcoin, then what is the price of bitcoin? hasn't bitcoin been assessed through fiat so far? It looks like bitcoin is more suitable to work with Fiat to improve the world economy.

[shinharu10282016]

What if bitcoin as cryptocurrency didnt work? Do you think this kind of currency would be better?

A dream of having a single currency to be used worldwide is what bitcoin is made to. A currency that doesnt need to be converted into different local currencies with different values. If crypto fails, this idea can be better. If we can produce a coin that doesnt need to be converted and can be acceptable worldwide then its like crypto and fiat fusion. What is the odds?

- Who country will produce this?
Since we have worldwide organizations, it can be decided that way. Maybe China since they are just against crypto and maybe they want it more. They are the most capable of production anyway.

- On what value it will be based on?
I dont know much about this one but if im correct, it will be also based on worldwide economic aspects. Since it has only one value worldwide.

- Isnt it effective since the value of money is different on all the countries?
I guess so. Economically speaking, it will take years of research for this kind of project to succeed. There are a hundreds of things that should be considered. If all nations will be equal, then i dont think there's a problem in this.

What do you think?

1. What part of Bitcoin wouldn't work ? Any kind of cryptocurrency should be on the internet and not be physically tangible as it will characterize fiat money.

2. If any country would produce this, that would cause more imbalance on the wealth proportions of the world. Can lead to more poverty and wars.

3. Probably the same with fiat. It will all fall down on 'GOLD'.

4. Definitely not. If we look at it, one of Bitcoin's goal is to downplay the use of 'fiat'.

[indrakusumaindra]

What if bitcoin as cryptocurrency didnt work? Do you think this kind of currency would be better?

A dream of having a single currency to be used worldwide is what bitcoin is made to. A currency that doesnt need to be converted into different local currencies with different values. If crypto fails, this idea can be better. If we can produce a coin that doesnt need to be converted and can be acceptable worldwide then its like crypto and fiat fusion. What is the odds?

- Who country will produce this?
Since we have worldwide organizations, it can be decided that way. Maybe China since they are just against crypto and maybe they want it more. They are the most capable of production anyway.

- On what value it will be based on?
I dont know much about this one but if im correct, it will be also based on worldwide economic aspects. Since it has only one value worldwide.

- Isnt it effective since the value of money is different on all the countries?
I guess so. Economically speaking, it will take years of research for this kind of project to succeed. There are a hundreds of things that should be considered. If all nations will be equal, then i dont think there's a problem in this.

What do you think?

With a single currency i believe it will changes how we see currency right now. WIth a single currency i believe it will based only in trust of the people who are willingly  to use it for transactions and i believe the fluctuation is more into commodity cause we have a single currency that are stable where ever you are.

[guoyu78]

They actually will Decide to have a global currency only when they aren't actually fighting.
The thing is , it's hard already for everyone to get involved with the other countrie's culture and anything that originated from there.
Let us take an example :-
Which is the universal language ?
English ! Right ?
Since it originated from Britain , countries like China and Japan they actually don't use it , they think they are disrespecting their own culture , therefore it is important to first maintain peace with everyone then think about something else.

Till the world ends, there can never be such thing like global currency. Who would initiate it and who are the people that will sign the treaty if someone drafts any. The only country that would have initiated such idea Is also quite arrogant which is America. It is better we forget anything called global currency that will be unified and just embrace our dear satoshi’s currency called Bitcoin.

While government are fighting themselves, the citizens are ok with global currency and if bitcoin can creep its way into every humans on earth that are technologically inclined, then we will indirectly have a coin that will dominate all currencies of the world without any joint agreement by government.

[kevpantof]

Sorry, if Bitcoin doesn't work then this one is not even going to cross an inch of what Bitcoin accomplished as a cryptocurrency. This is useless, it's a coin and you hold it physically and its not going to fulfill the purpose that Bitcoin was created which was to make transactions across every country easy and quick. How are you going to make use of this coin to make payment, by shipping to the receiver's location!? Lol. This is not going to work so forget about it. What people need is Bitcoin as a cryptocurrency and if not that, then nothing else.

[imstillthebest]

Well, having a physical coin of bitcoin isn't that a bad idea.

yes its not a bad idea but its a good idea because those physical bitcoins are being used for souveniers .

However, the bitcoin is meant and made to be digital and that was the thing that made it unique compared to all form of currencies.

there are many online currencies out their but the only thing was made bitcoin unique is its high volatile nature .

You can always put addresses to the coin but for me, it is just a waste of time and money.

they cant always do it especially if the coin is small because a public address/wallet address are compose of long text/characters but its not a waste of time and money beause as i said earlier it was only meant for souvenier purposes  .

[Maddinson100]

Well, having a physical coin of bitcoin isn't that a bad idea. However, the bitcoin is meant and made to be digital and that was the thing that made it unique compared to all form of currencies. You can always put addresses to the coin but for me, it is just a waste of time and money. Since it will always run with a computer/digital. Indeed, a person will not accept a physical coin until he can verify it online. So the point of having a physical coin is nonsense.

There is nothing that is still not possible, just that it will make no difference from fiat if Bitcoin is created too in hard currency. The fact that fiat has a paper currency doesn’t mean it still does not have its own digital version too, look at gold too, gold is being used physically  and still have its own digital form.

If they want to create same system for crypto too, they can, just that the physical crypto will not really function same as the way it functions online, they could just make it two option, this is the only way that Bitcoin can be used globally or accepted globally when it has it’s physical form too, which can be managed very well, even if it has to do with internet.

[Janation]

I don't think this will work.

Who will make that coin? So what will be the value of it? The same as the price of Bitcoin? So what will be that coin made of? Plastic? If we will be making Bitcoin a coin, that will matter. If we will be making a coin of Bitcoin out of silver that means that the price of the coin will be more expensive than the digital currency which I don't like. I don't want to carry any coins or paper money with me I just want my phone, that's it.

[pishite]

I doubt bitcoin will become the single currency for the whole world. But he stays digital gold for a long time. Thanks to Bitcoin and Satoshi who invented it, there was a breakthrough in the IT industry, a blockchain was invented that already helps to solve many problems. And as for the single currency, will come up with loans like in the movies, but governments and corporations will still control them.

[BitHodler]

This is useless, it's a coin and you hold it physically and its not going to fulfill the purpose that Bitcoin was created which was to make transactions across every country easy and quick. How are you going to make use of this coin to make payment, by shipping to the receiver's location!? Lol. This is not going to work so forget about it. What people need is Bitcoin as a cryptocurrency and if not that, then nothing else.

Physical Bitcoins aren't meant to be sent from country to country, but spent locally in a manner that replicates the characteristics of what makes cash such a useful means of exchange.

The benefit is that transactions are as anonymous as cash transactions because the coins don't actually move, which means that nobody other than yourself and the person you transact with knows that a transaction took place.

People use physical Bitcoins to transact already, so I'm not sure why you are so negative about it. It's extremely niche still, but I have seen enough to know that it can and already works.

[DarkDays]

What if bitcoin as cryptocurrency didnt work? Do you think this kind of currency would be better?

A dream of having a single currency to be used worldwide is what bitcoin is made to. A currency that doesnt need to be converted into different local currencies with different values. If crypto fails, this idea can be better. If we can produce a coin that doesnt need to be converted and can be acceptable worldwide then its like crypto and fiat fusion. What is the odds?

- Who country will produce this?
Since we have worldwide organizations, it can be decided that way. Maybe China since they are just against crypto and maybe they want it more. They are the most capable of production anyway.

- On what value it will be based on?
I dont know much about this one but if im correct, it will be also based on worldwide economic aspects. Since it has only one value worldwide.

- Isnt it effective since the value of money is different on all the countries?
I guess so. Economically speaking, it will take years of research for this kind of project to succeed. There are a hundreds of things that should be considered. If all nations will be equal, then i dont think there's a problem in this.

What do you think?

I don't think Bitcoin was designed and meant to be some miracle universal currency. It is just one side effect of what Bitcoin is. It is a trackable incentive system on the Blockchain. If traditional currencies had their own blockchain and if governments made it possible, then bitcoin and all of crypto-world would become redundant. However I do not think that would happen. Ever. Although that'd answer your question about the ultimate fiat crypto fusion. Because that is what it'd be.

[leavolnhals]

The idea of a common currency is really good, but the BTC is not for this, so don't mention BTC in this regard.
I understand your idea, if a new currency is born and countries can use it at a fixed price, it would be great. We can travel anywhere without exchanging money, paying orders quickly.
  But who is that challenge who will manage that currency? if it is used worldwide, all countries will be in that organization.
it will be very crowded and ineffective, that is in my opinion. anyone have a different opinion from me?

[carodupuis]

If a whole digital currency doesn’t work out in this digital era, what makes you think that the physical coin is going to be the one that will be accepted by the people.? Nah that’s not going to work. I will even be among those that will be against this coin thing. First you should try to imagine how possible it is for people to make use of this thing you have here. How exactly are they going to make use of this physical coin?? By selling it? Does that make any sense? For me I don’t really think so. And if the government gets you with this, you might even have a big problem with them.

[sana54210]

- Isnt it effective since the value of money is different on all the countries?
I guess so. Economically speaking, it will take years of research for this kind of project to succeed. There are a hundreds of things that should be considered. If all nations will be equal, then i dont think there's a problem in this.

What do you think?

I don't think this is possible, every country has its own regulations on their currencies and that is independent. Especially with the US and China, these two countries certainly disagree because they will continue to fight. And if the world only has one currency, which is bitcoin, then what is the price of bitcoin? hasn't bitcoin been assessed through fiat so far? It looks like bitcoin is more suitable to work with Fiat to improve the world economy.

but if in my opinion someday not all countries will use the bitcoin currency as their main currency because the government will certainly never eliminate the fiat currency itself. and the benefits if the government supports bitcoin to work with the fiat currency will make the economy of the country and the world even better

I don’t think bitcoin will ever succeed in being a global currency but I believe that it can get the attention of at least 40 percent of each countries citizens which is quite enough to make it continue to function well, bitcoin does not have to be accepted by all, the few people that are ready to see it as solution can take it and apply it to their personal life and businesses. Fiat will also always be sustained, and this is what government does not understand.

As advanced as technology is and with the number of banks we have, the number of people that does not save their fiat in bank is even more than the people that keeps theirs on bank and bank is still functioning well with the little percentage of people that keeps money with them, same will be applicable to crypto too, irrespective of the percentage of people using crypto, bank will always gain more too for Fiat.

[Master1209]

Thank for the info brader

[SquallLeonhart]

If a whole digital currency doesn’t work out in this digital era, what makes you think that the physical coin is going to be the one that will be accepted by the people.? Nah that’s not going to work. I will even be among those that will be against this coin thing. First you should try to imagine how possible it is for people to make use of this thing you have here. How exactly are they going to make use of this physical coin?? By selling it? Does that make any sense? For me I don’t really think so. And if the government gets you with this, you might even have a big problem with them.

We need new innovations and we need things that will make us keep up with the growth of technology, if we needed anything in hard currency, the our usual fiat that the government had corrupted for us would still have been manageable, after all, that is how we have been managing it for several years now and it has not completely destroy us.

The reason why many people accepted bitcoin technology is because of its digital form, and because it created avenue for its users to be protected through its anonymous system which other digital payment method does not have, and this is what makes it different and unique, so bitcoin in paper form or hard currency would really not attract much user to it and it would have been dead on arrival if this was the form it initially came with.