How can Bitcoin help build a digital global?

[Eureka_07]

Yes, this is true, Bitcoin is the beginning of the end of the era of central banks <snip>

Honestly, for me, the end of central banks that you are talking to is near to impossible to happen.
As what I have observed, there are still lots of people who wouldn't even want to try bitcoin.
Most of them supports central banks, maybe because they've been used into it.
I know some of my friends that doesn't want to ge in touch with bitcoin, and I also knoe some that sometimes they do want, sometimes they don' (depends maybe if they will earn some good money because of it).

[Serious475]

There are a lot of factors to use on Bitcoin but mostly this is accepted by the other people. if you want to focus a wide and mass adaptation you just need to promote the use of it to your community or country. But it thinks they will not too much entertain this kind of coin if you are a president of your country will you promote the use of other money/coin? Instead of your country. Bitcoin is decentralized so they don't have any full control.

[yhiaali3]

Honestly, for me, the end of central banks that you are talking to is near to impossible to happen.
As what I have observed, there are still lots of people who wouldn't even want to try bitcoin.
Most of them supports central banks, maybe because they've been used into it.
I know some of my friends that doesn't want to ge in touch with bitcoin, and I also knoe some that sometimes they do want, sometimes they don' (depends maybe if they will earn some good money because of it).

I agree with you that this is a bit difficult and there are still many people who do not know about Bitcoin and do not accept it, but I am sure that after a period of time Bitcoin or cryptocurrencies will replace the banks, it may take some time, but this is the logic of evolution.
If you review the history of the development of money in the world, you will find that every certain period of time there is a new invention or system that replaces the old system, so there must come a day and the era of banking ends and a new era begins.

[Josefjix]

There is no real decentralization anywhere and never has been.
And just try to say about BTC - now Satoshi will come out of his coma and drop the entire market with his wallet, so instead of a bright crypto-future, you will get a bunch of suicides and turning the coin into dust

False hypothesis, what logical evidence do you have to back this claims up? If he wants to dump the price, he could have done it when bitcoin was at its ATH. He never did and he wouldn't do. So don't go around fudding.

[EdenHazard]

There are a lot of factors to use on Bitcoin but mostly this is accepted by the other people. if you want to focus a wide and mass adaptation you just need to promote the use of it to your community or country. But it thinks they will not too much entertain this kind of coin if you are a president of your country will you promote the use of other money/coin? Instead of your country. Bitcoin is decentralized so they don't have any full control.

+1
The problem with a mass adoption itself are on how people with non-millenials / gen z a.k.a boomer still struggle to understand bitcoin as a whole.
Should we wait for those boomer to disappear and we'll get authority that come from gen z or millenials at least so they will create a policy that full of benefit for bitcoin or the blockchain technology itself?

Of course not . It would takes too long .

[Xinarae*]

Many people known as bitcoin miners employ powerful computers in the process to identify mining in the process if they solve the arithmetic problems completed in the process but the opportunity to receive rewards with bitcoins is managed through a peer-to-peer structure in a decentralized system like Bitcoin Forex Market. unlike foreign exchange it is not under the control of any central authority like the central bank or the government as decentralized it will help to transform into a brighter future and digital form.

[bits4books]

False hypothesis, what logical evidence do you have to back this claims up?

What proof do you have that he won't do it? This is an abstract mind experiment.
You can just assume that Satoshi is absolutely disappointed in his brainchild because instead of a better future, people use it only for profit (read-exchange for dollars/euros/etc). And he will decide to end this speculative circus once and for all by simply dropping the market with his wallet.

I am not saying that this situation can happen but there is no reverse certainty that it will not happen.
What will happen then? Everyone will immediately accuse Satoshi of being a fraud and deceiver. Cryptocurrency will again be called a bubble and confidence in crypto will fall below the rating of German migration policy.

[alexforneus]

Are you sure that we really need to force digital global adoption? Things evolving as they should. Too low amount of people know about btc to force this process

[Kupid002]

Are you sure that we really need to force digital global adoption? Things evolving as they should. Too low amount of people know about btc to force this process

You don't need to force everyone  it will slowly adopt by people and no one can stop that ,its already happening right now.the difficult part only is more people is afraid of using it because they are afraid in new technology and its hard for them to learn the knowledge they need to adopt  this digital era  which in long term can also be learn if its normally using every where.

[AjithBtc]

Till date the growth and spread of bitcoin have taken place in a gradual manner. There is no advertising to promote the usage of bitcoin. It isn't a process to force someone use bitcoin. In my country even now majority of the population doesn't have a ATM card.

People are slowly changing towards digital payments. More people have started to use payment applications in large scale, and that might drive people towards bitcoin soon.

[darewaller]

I understand people "may" have trouble with believing the "decentralized" notion of bitcoin because let's be honest there is not a true decentralization in the entire world right now which creates some sort of problem, and that is why I think there is a big problem of people not giving trust to a trustless system as well.

However satoshi is gone and he is not improving or changing anything neither, at the very worst case he could come back and sell his coins and drop the price of bitcoin but that's it, he could just change the price of bitcoin and not the bitcoin itself, not the code, not the blockchain, it is just going to be something like a regular whale selling but times ten that's it, which is why I highly suspect that people should not be really worried about satoshi coming back neither.

[Light onuoha]

Bitcoin itself is building a digital means of transaction globally. If you can see, most Africa country's are adopting mobile transaction system also known as (tokenization), including bitcoin so it helps in improving a country financially, and it creates room for rapid means transaction.

[hridoyb]

I think Bitcoin can for 3 reasons

The first reason:  The most relevant right now Central banks can print trillions of dollars of their local currency With a never-ending supply, according to the laws of supply and demand, this will inherently devalue the country's local currency. Now, this is what we have seen in countries like Venezuela, for example, where buying two loaves of bread now costs more than half of the average monthly salary. This is hyper-inflation. With bitcoin, there is a 21 million limited supply, no more can be printed no more can be created. This means there’s not enough bitcoin for everyone in the world to own just one… increasing its demand and increasing its value. Over the last few weeks, I’ve seen the federal reserve pump trillions of dollars into the US economy, devaluing the dollar over time. Unlike the dollar, bitcoin cannot be created out of thin air. That’s why it’s often people call it digital gold.This is why we’re bullish on bitcoin.

The Second reason: Bitcoin and blockchain technology is putting people on the financial map. Africa and Latin America lack the financial infrastructure when compared to the west 66% of Sub-Saharan Africans are listed as unbanked yet in 2016 there were over 1 billion mobile phone users. Now with mobile phone apps like Exodus the unbanked have access to a digital wallet, that they can use to trade and to do business with the rest of the world, using a currency like bitcoin which knows no borders.

And finally: Bitcoin matters because it is decentralized. It’s built on blockchain technology which we call trustless.This means no one entity owns your coins, Unlike traditional finance where your money is in the custody of one centralized entity, the banks. Banks can often freeze our funds, banks limit the amount of access we have to our funds per day, and many times you have to pay to use your own money. With bitcoin when you use hardware wallets you the individual has absolute sovereignty over your assets.

Nobody can run off with all your money, but you can!

Bitcoin is a crypto currency  coin and you can transfer  one to another without  any kind of information  or identify.. Nobody cannot  find the orginal information  of bitcoin user.Bitcoin  can change  your life anytime because nobody cannot  control  it..I was seen Bitcoin get many negative  feesback and some of people sell bitcoin when it panice..But bitcoin still live and day by it try to grow their market cap and eastablished their postion.

[el kaka22]

I believe the internet made people get together all around the world and bitcoin will do that for money, I heard this from somewhere but I can't remember where I saw this. In the end bitcoin will allow people to work all together and that is how you bring the world closer. Of course this is going to take a long time, people are too hyped about the potential of bitcoin and because it is not used fully right now they always overhype the situation.

Yes, there is a scenario where there is no longer any fiat in the world and the whole world uses bitcoin/ethereum and whatever, that is "technically possible" and could happen, one currency for all the world, why not. However we also know that it is not going to happen anytime soon, maybe it might never happen too, so just because its technically possible, let's not get too hyped about it.

[Fredomago]

Bitcoin itself is building a digital means of transaction globally. If you can see, most Africa country's are adopting mobile transaction system also known as (tokenization), including bitcoin so it helps in improving a country financially, and it creates room for rapid means transaction.

That's how things works inside this system it helps countries who start to adopt it usages, being capable of transferring between borders to borders it's another alternatives to transact faster.

It's the understanding of people who wanted to use the system and the govern bodies who acknowledge the worth of this crypto currency.

Are you sure that we really need to force digital global adoption? Things evolving as they should. Too low amount of people know about btc to force this process

It will happened as we continue to see the progressive movements of bitcoin, for now it's catered small portion
but incoming years more and more people will realize the used and advantages of this system.