Bitcoin Forum
November 21, 2017, 03:15:00 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 [4] 5 »  All
  Print  
Author Topic: Which country looses the most when Bitcoin becomes the Currency of Planet Earth  (Read 4396 times)
Amph
Legendary
*
Offline Offline

Activity: 1694



View Profile
July 10, 2015, 12:02:52 PM
 #61

No the bitcoin cannot be the currency of the world.
See there are many countries around the world where the bas4c facility of internet is not availaible.

third world is not counted, and anyway can be circumnavigated pretty easily with google satellite for recieving internet connection

not an excuse at all, those country need money more than anything else, but i'm sure they can at least build phone communication, and thus using bitcoin
in those countries people don't even have proper basic resources and you are saying that they can build towers or phone communication just to use internet.
Hmm... Bitcoin will take a very very long time to become the currency of the world.

well it does not need to accomodate every single person of the planet, from my point of view, reaching 1B of acceptance among humans is considered mainstream already
1511234100
Hero Member
*
Offline Offline

Posts: 1511234100

View Profile Personal Message (Offline)

Ignore
1511234100
Reply with quote  #2

1511234100
Report to moderator
1511234100
Hero Member
*
Offline Offline

Posts: 1511234100

View Profile Personal Message (Offline)

Ignore
1511234100
Reply with quote  #2

1511234100
Report to moderator
1511234100
Hero Member
*
Offline Offline

Posts: 1511234100

View Profile Personal Message (Offline)

Ignore
1511234100
Reply with quote  #2

1511234100
Report to moderator
Join ICO Now A blockchain platform for effective freelancing
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511234100
Hero Member
*
Offline Offline

Posts: 1511234100

View Profile Personal Message (Offline)

Ignore
1511234100
Reply with quote  #2

1511234100
Report to moderator
1511234100
Hero Member
*
Offline Offline

Posts: 1511234100

View Profile Personal Message (Offline)

Ignore
1511234100
Reply with quote  #2

1511234100
Report to moderator
JarvisTechnology
Sr. Member
****
Offline Offline

Activity: 350



View Profile
July 10, 2015, 01:07:38 PM
 #62

If Bitcoin becomes the universal currency , well this discussion can have diversified aspects. The states would have to drop their currency ,in order to unite with the other ones. And i don't see the possibility of this in near future. However if this happens ever, countries with low development rate and bad internet infrastructure will suffer . The developed ones will the enjoy the benefits.

Zorrocoin
Sr. Member
****
Offline Offline

Activity: 336


View Profile
July 10, 2015, 02:24:51 PM
 #63

Which country looses the most when Bitcoin becomes the Currency of Planet Earth?

Additionally what happens to those pesky regulatory/"aiding" bodies, IMF, World Bank, SWIFT.

I have got my presumptions, what's your's?

I don't think Bitcoin will replace national fiat currencies.. people attach their own currencies to their own countries, as an unique identity for their country. Unless people become more open minded in the future, I don't see it happening. Bitcoin may become the #1 worldwide payment method, but not necessarly replace the national currencies.

Regulators will exist as long as government and state exist.

Good point. I don't think bitcoin can become a world wide currency ,  there is like 0.1 percent that is gonna happen unless all 192 countries adopt the system of BTS. BUT even if it would be , then I think the country with the most restrictions and banning and is very small'minded  and not open towards bitcoin will suffer the most in the situation.
n2004al
Legendary
*
Offline Offline

Activity: 1008


View Profile
September 29, 2015, 02:27:14 PM
 #64

I think that no losses will be for every country. To be only bitcoin money of the world and to disappear all the national currencies is totally impossible. First of all because bitcoin is in a limited amount and unable to cover all the needs for money for all the countries. Then for hundred reasons: political and economical firstly.

So the only way to be currency of the world it is to be known and regulated by every country and to be used in addition with the currencies of every country. In this case no one can lose nothing. The change of bitcoin with the national currencies (if already don't exist) will be only a determination of the value of the currency of the given country with bitcoin. Made according to the normal rules used in this cases. Made like is made the determination of the change between us dollar and euro in the year when euro were created. Maybe a little different and to be thought how because bitcoin is not a normal currency. It is not have behind his some economy or power or country which can support it. But loss will not be whatever were be the rules. Because no one can win. Behind bitcoin is no one. So if it will be no one there is be no one which can win (always if it will be something to win).

Then we come to the way in which bitcoin can be made currency of the world. If you have the patience and the desire to read something about this then I invite you te read this thread here when it is exposed an "insane" idea about this: https://bitcointalk.org/index.php?topic=1191118.0

Naturally the comments are welcomed.  Smiley
mouneshwar123
Member
**
Offline Offline

Activity: 70


View Profile
November 19, 2015, 06:50:04 PM
 #65

Bitcoin will not replace Fiat currencies soon. Even if that happens the countries which accept Bitcoin will gain benefits and those ban Bitcoin will lose further the value of its own currency. Bitcoin will not fall until there are people interested in it.

▲▼ No.1 Bitcoin Binary Options ▲▼
████████████ sec◔nds trade ████████████
↑↓ Highest Reward 190% ↑↓
funkenstein
Hero Member
*****
Offline Offline

Activity: 975


Khazad ai-menu!


View Profile WWW
November 20, 2015, 12:32:36 AM
 #66

Countries are geographic areas and don't care about what primates pass between themselves to organize society.  None are affected.

As to the primates themselves living in these countries, they will OF COURSE be vastly better off to have a powerful tool to use such as uncounterfeitable tokens, were they to need them. 

Any other questions? 

"Give me control over a coin's checkpoints and I care not who mines its blocks."
http://vtscc.org  http://woodcoin.info
MyBTT
Sr. Member
****
Offline Offline

Activity: 378


View Profile
December 29, 2015, 08:19:51 AM
 #67

The countries that have banned Bitcoin will lose out the most. Their people will still be using fiat while the rest of the world is using Bitcoin. I think those countries will slowly start using Bitcoin because their people will want to use it.

Which country looses the most when Bitcoin becomes the Currency of Planet Earth?

Additionally what happens to those pesky regulatory/"aiding" bodies, IMF, World Bank, SWIFT.

I have got my presumptions, what's your's?

I don't think Bitcoin will replace national fiat currencies.. people attach their own currencies to their own countries, as an unique identity for their country. Unless people become more open minded in the future, I don't see it happening. Bitcoin may become the #1 worldwide payment method, but not necessarly replace the national currencies.

Regulators will exist as long as government and state exist.
Bitcoin will not replace fiat. He is saying it hypothetically.


 
 
           ▄████▄
         ▄████████▄
       ▄████████████▄
     ▄████████████████▄
    ████████████████████      ▄█▄                 ▄███▄                 ▄███▄                 ▄████████████████▀   ▄██████████

  ▄▄▄▀█████▀▄▄▄▄▀█████▀▄▄▄     ▀██▄             ▄██▀ ▀██▄             ▄██▀ ▀██▄             ▄██▀                   ██
▄█████▄▀▀▀▄██████▄▀▀▀▄█████▄     ▀██▄         ▄██▀     ▀██▄         ▄██▀     ▀██▄         ▄██▀        ▄█▄          ▀██████████████▄
████████████████████████████       ▀██▄     ▄██▀         ▀██▄     ▄██▀         ▀██▄     ▄██▀          ▀█▀                        ██
 ▀████████████████████████▀          ▀██▄ ▄██▀             ▀██▄ ▄██▀     ▄█▄     ▀██▄ ▄██▀                                       ██
   ▀████████████████████▀              ▀███▀                 ▀███▀       ▀█▀       ▀███▀      ▄███████████████████████████████████▀
     ▀████████████████▀
       ▀████████████▀
         ▀████████▀
           ▀████▀
║║


║║
.
.

║║
██
║║
.
.

║║
██
║║
.
║║


║║
Erkallys
Legendary
*
Offline Offline

Activity: 1036


Sprectre - 5M$ sold just in pre-sale !


View Profile
December 29, 2015, 10:27:29 AM
 #68

The country that has the most to lose is by far the USA I think. The USD is one of the symbol of the USA, so if it stop to exist, USA won't have any influence on the other countries throught the reserve currencies.

.SPECTRE.                ▄▄███▄▄
            ▄▄███▀▀▀▀▀███▄▄
▄▄      ▄▄███▀▀ ▄▄███▄▄ ▀▀███▄▄      ▄▄
████▄▄  ▀▀▀ ▄▄███████████▄▄ ▀▀▀  ▄▄████
  ▀▀████▄    ▀▀█████████▀▀    ▄████▀▀
 ██▄▄ ▀██ █▄▄    ▀▀▀▀▀    ▄▄█ ██▀ ▄▄██
 ▀▀███ ██ █████▄       ▄█████ ██ ███▀▀
      ██ ███████▄   ▄███████ ██
       ██ ████████   ████████ ██
       ██▄▄ ▀▀████   ████▀▀ ▄▄██
        ▀▀███▄▄ ▀▀   ▀▀ ▄▄███▀▀
            ▀▀███▄▄▄▄▄███▀▀
                ▀▀███▀▀
             │
     │      ███
     │      ███
    │     ███
███  │     ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███     │
███ ███     │
    │
 
▬▬     WHITEPAPER    ▬▬
FACEBOOK     TELEGRAM
TWITTER     SLACK     MEDIUM
.
PRE-SALE.
PUBLIC SALE.
Rizky Aditya
Hero Member
*****
Offline Offline

Activity: 532


View Profile
December 29, 2015, 11:09:13 AM
 #69

The country that has the most to lose is by far the USA I think. The USD is one of the symbol of the USA, so if it stop to exist, USA won't have any influence on the other countries throught the reserve currencies.

I never thought of it that way. I always thought that the countries that have banned Bitcoin will lose out the most. But you are very correct. The USD is the the symbol of the USA. If that goes, the USA won't have any power over the other countries. That is a really good view on this topic. Keep up the good work.

98789
Sr. Member
****
Offline Offline

Activity: 434


★Bitvest.io★ Play Plinko or Invest!


View Profile
January 02, 2016, 06:27:12 PM
 #70

The country that has the most to lose is by far the USA I think. The USD is one of the symbol of the USA, so if it stop to exist, USA won't have any influence on the other countries throught the reserve currencies.

I never thought of it that way. I always thought that the countries that have banned Bitcoin will lose out the most. But you are very correct. The USD is the the symbol of the USA. If that goes, the USA won't have any power over the other countries. That is a really good view on this topic. Keep up the good work.

The US has a broader influence, its currency is just a part of it. Our TV channels are full of American programs (consider specially the case of cartoons and movies), our languages have borrowed hundreds if not thousands of words from AmE (which is even more notorious in former US colonies like South Korea), many people still have the so called "American Dream", ...

I agree that Bitcoin will never be "the currency of planet Earth", said that, I think its expansion will affect mainly dictatorships like that of Venezuela or, even, China, since no matter how much people bitch about their countries we at least have some degree of freedom (unless your definition of "freedom" is living like an animal, being a vegetarian I am used to people who think like that).

makingwin1
Full Member
***
Offline Offline

Activity: 238


View Profile
January 02, 2016, 11:42:54 PM
 #71

in my opinion usa would loose the most money if bitcoin became the currency of the whole world as all the banks would go bankrupt and countries wouldnt be able to regulate the bitcoin
justspare
Hero Member
*****
Offline Offline

Activity: 588



View Profile
January 03, 2016, 04:49:19 AM
 #72

in my opinion usa would loose the most money if bitcoin became the currency of the whole world as all the banks would go bankrupt and countries wouldnt be able to regulate the bitcoin
A lot of countries would lose out as all banks would go bankrupt and a shit ton of people would lose their jobs. But then more jobs would be created by Bitcoin companies. A lot of governments wouldn't let Bitcoin become the currency of their country though. I really doubt that Bitcoin will ever become the currency of the Earth.

Bonpay
Global Blockchain Solution for Financial Freedom
Initial Token Sale ■■■ Whitepaper ■■■ Official thread ■■■ Slack
Bonpay Wallet & Сard - reliable bridge between crypto and fiat world
■■■ Always stay one step ahead ■■■
Kprawn
Legendary
*
Offline Offline

Activity: 1302


JOLYY - The future of beauty!


View Profile
January 03, 2016, 10:07:21 AM
 #73

I think the countries with very strict capital controls and manipulation will suffer the most, when they still use their local currency.... for years these countries have been

stimulating and manipulating these faked fiat currencies and the citizens of these countries have been carrying the load. A global Bitcoin currency will never happen in any

way, because most countries have a too strong tie with their own fiat currencies.  Roll Eyes

            ███           ▄▄▄████████▄▄▄           ███       ▀███          ▀██▄ ▄██▀          ███▀
            ███         ▄████▀▀    ▀▀████▄         ███         ███          ▀█████           ███
            ███       ▄███▀            ▀███▄       ███          ▀██▄         ▄███▄         ▄██▀
            ███      ███▀                ▀███      ███            ███       ███▀███       ███
            ███     ███▀                  ▀███     ███             ▀██▄   ▄██▀   ▀██▄   ▄██▀
            ███     ███                    ███     ███               ███▄██▀       ▀██▄██▀
            ███     ███                    ███     ███                ▀███▀         ▀███▀
            ███     ███                    ███     ███                 ███           ███
            ███     ███▄                  ▄███     ███                 ███           ███
            ███      ███▄                ▄███      ███                 ███           ███
           ███▀       ▀███▄            ▄███▀       ▀███                ███           ███
██▄▄▄  ▄▄▄███▀          ▀████▄▄    ▄▄████▀          ▀███▄▄▄  ▄▄▄██     ███           ███
▀▀████████▀▀              ▀▀▀████████▀▀▀              ▀▀████████▀▀     ███           ███
........T H E   F U T U R E.................
......................o f   B E A U T Y
........


 ▀█▄             ▄▄▄▄▄▄
   ▀█▄      ▄▄███▀▀▀▀
    ▄██     ▀▀▀     ▄▄▄▄
 ▄▄▄ ██         ▄     ▀▀██▄
▀█▀█▀█▀▄       █▄     ▄██▀
               ▀████████
               ▀ ▀ ▀ ▀ ▀


      ▄▄
     ▀█▀▀▀

    █▄
     ███████▀▀▀
    █▄
      ▀▀▀▀▀
pitham1
Legendary
*
Offline Offline

Activity: 1218

VIABET.IO PRE-ICO | NOV 14


View Profile
January 04, 2016, 12:57:25 AM
 #74

in my opinion usa would loose the most money if bitcoin became the currency of the whole world as all the banks would go bankrupt and countries wouldnt be able to regulate the bitcoin

USA definitely would be a loser.
We might have some new definitions of nationality and country if Bitcoin really becomes a universal currency.  Smiley

bitlancr
Hero Member
*****
Offline Offline

Activity: 616


View Profile
January 04, 2016, 01:08:11 AM
 #75

Today we got 3 major currency's
USD
YUAN
EUR

If bitcoin becomes the main currency, the USD will lose the most then, YUAN en EUR.
Seeing how many countries still depending on the US dollar, i think not only the USA but many countries will see their currency deflate.
newcoins1978
Sr. Member
****
Offline Offline

Activity: 406


View Profile
January 04, 2016, 01:46:14 AM
 #76

Either China or the USA.
Both countries have strong FOREX markets and if bitcoin is taking it over.... well they will lose a lot of money
iram66680
Hero Member
*****
Offline Offline

Activity: 630


View Profile
January 04, 2016, 04:12:41 AM
 #77

I would say the ones that owe the most to other countries. I think those countries would not the exchange rate and would like to be paid in the fiat that they used to give them.
Greece and Iceland come to the forefront to me that are the most in debt to other countries that gave those two bail outs.

steveds
Legendary
*
Offline Offline

Activity: 966


View Profile
January 04, 2016, 06:24:10 AM
 #78

It's simple, the countries who had invested the majority of fiat's would be in profit and the one's who never cared to invest would be the last or lost one's.
Japan and China would be the leading without any doubt's and maybe Russia the last cause they seem to be banning bitcoin.
ObscureBean
Legendary
*
Offline Offline

Activity: 1064


View Profile WWW
January 04, 2016, 06:55:57 AM
 #79


What I don't see that clear is countries giving up on having a say on how they issue their currency.

The forces at play are unaffected by human choice/will. The machine set in motion by mankind is already unstoppable, its aim is to unify all of its individual parts so that its control is absolute. As dire as this may sound there is no foul play here. While this unification does override 'free will', it cannot be seen as 'evil' since humans are merely being dragged along by the the way they live.
neochiny
Hero Member
*****
Offline Offline

Activity: 644


Crypto-Games.net: Multiple Coins , Multiple Games


View Profile WWW
January 04, 2016, 07:05:12 AM
 #80

Which country looses the most when Bitcoin becomes the Currency of Planet Earth?

Additionally what happens to those pesky regulatory/"aiding" bodies, IMF, World Bank, SWIFT.

I have got my presumptions, what's your's?

In my opinion,  is like a dream even in the future.
Theres no way that bitcoin will become the currency of the planet earth.
Its so impossible. But if it become in reality and be truth I can say that USA will be the country.


▄▄▄████████▄▄▄
▄██████████████████▄
▄██████████████████████▄
██████████████████████████
████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
████████████████████████████
██████████████████████████
▀██████████████████████▀
▀██████████████████▀
▀▀▀████████▀▀▀
   ███████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
███████
BTC  ◉PLAY  ◉XMR  ◉DOGE  ◉STRAT  ◉ETH  ◉GRC  ◉LTC  ◉DASH  ◉PPC
     ▄▄██████████████▄▄
  ▄██████████████████████▄        █████
▄██████████████████████████▄      █████
████ ▄▄▄▄▄ ▄▄▄▄▄▄ ▄▄▄▄▄ ████     ▄██▀
████ █████ ██████ █████ ████    ▄██▀
████ █████ ██████ █████ ████    ██▀
████ █████ ██████ █████ ████    ██
████ ▀▀▀▀▀ ▀▀▀▀▀▀ ▀▀▀▀▀ ████ ▄██████▄
████████████████████████████ ████████
███████▀            ▀███████ ▀██████▀
█████▀                ▀█████
▀██████████████████████████▀
  ▀▀████████████████████▀▀ 
DICE           
BLACKJACK
PLINKO       
VIDEO POKER
ROULETTE     
LOTTO            
Pages: « 1 2 3 [4] 5 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!