Amph
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July 10, 2015, 12:02:52 PM |
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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 |
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JarvisTechnology
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July 10, 2015, 01:07:38 PM |
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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.
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Zorrocoin
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July 10, 2015, 02:24:51 PM |
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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. |
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n2004al
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Merit: 1000
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September 29, 2015, 02:27:14 PM |
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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=1191118.0Naturally the comments are welcomed.  |
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mouneshwar123
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Large scale, green crypto mining ICO
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November 19, 2015, 06:50:04 PM |
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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.
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funkenstein
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Khazad ai-menu!
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November 20, 2015, 12:32:36 AM |
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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?
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MyBTT
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December 29, 2015, 08:19:51 AM |
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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. |
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Erkallys
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December 29, 2015, 10:27:29 AM |
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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.
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Rizky Aditya
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December 29, 2015, 11:09:13 AM |
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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. |
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makingwin1
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January 02, 2016, 11:42:54 PM |
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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
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justspare
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January 03, 2016, 04:49:19 AM |
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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. |
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Kprawn
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January 03, 2016, 10:07:21 AM |
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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.  |
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pitham1
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January 04, 2016, 12:57:25 AM |
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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. |
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bitlancr
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January 04, 2016, 01:08:11 AM |
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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.
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newcoins1978
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January 04, 2016, 01:46:14 AM |
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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
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iram66680
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January 04, 2016, 04:12:41 AM |
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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.
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steveds
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January 04, 2016, 06:24:10 AM |
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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.
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ObscureBean
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January 04, 2016, 06:55:57 AM |
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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. |
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neochiny
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January 04, 2016, 07:05:12 AM |
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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. |
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Amph
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January 04, 2016, 07:59:44 AM |
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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
i don't think, so because chian has also a very good amount of treasure, in bitcoin, if bitcoin skyrocket they recover from that point easily we are talking about a major increase here, not bitcoin to $1k or joke value like that |
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