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Author Topic: Was bitcoin designed to be global?  (Read 4503 times)
lol3c
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October 18, 2016, 06:41:55 PM
 #121

Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?

Maybe there will be more cryptocurrencies in 40 years later. Look at the world right now, Each country have their own currency. And futhermore, we have EURO, GOLD, Diamond considered as currency. At the moment, many team are developing their own cryptos which they believe can be one of the world Currencies. For example, Etherium which have developed by The DAO are very popular nowadays. So, we have to admit that BItcoin is not the one and only currencies in the world
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October 18, 2016, 06:45:48 PM
 #122

Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?

Maybe there will be more cryptocurrencies in 40 years later. Look at the world right now, Each country have their own currency. And futhermore, we have EURO, GOLD, Diamond considered as currency. At the moment, many team are developing their own cryptos which they believe can be one of the world Currencies. For example, Etherium which have developed by The DAO are very popular nowadays. So, we have to admit that BItcoin is not the one and only currencies in the world

LOL it was been admitted even before early years and the reason we have alternate cryptocurrency section in this forum.  No one is denying the fact that bitcoin is not alone.  And it is possible that there will be centralized  cryptocurrency in the next decade for each country.  Because that is where the trend is going to.
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October 19, 2016, 01:19:21 AM
 #123

I think that the bitcoin is used global i dont know if he is designed to be global but when he is not designed for global use there will not everybody on planet have bitcoins so
i think he is designed for global use.

Me too I'm thinking that bitcoin was designed to be global. Because this is the first currency that we can be used all over the world. And we don't have to convert it to our fiat money in able to have transactions abroad. And good thing that bitcoin has been adopted by many people so we are not going to have any problems for its mass adoption.

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October 19, 2016, 05:08:53 AM
 #124

I think that the bitcoin is used global i dont know if he is designed to be global but when he is not designed for global use there will not everybody on planet have bitcoins so
i think he is designed for global use.

Me too I'm thinking that bitcoin was designed to be global. Because this is the first currency that we can be used all over the world. And we don't have to convert it to our fiat money in able to have transactions abroad. And good thing that bitcoin has been adopted by many people so we are not going to have any problems for its mass adoption.

ITs really designed to be  used globally because  we  are  all on a single blockchain  which all networks   all bitcoins users as  long  there is internet  then we are all connected to each  other  by means of wallets addresses.  As you said   we  wont  have  really have a hard time  to send and recieve funds  came from other side of the world.

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October 19, 2016, 05:10:41 AM
 #125

Bitcoin, based on the whitepaper, was designed around the concept of a currency completely free of centralization, meaning that it would be a form of currency designed to have a lot of global-effect aspects, yes. it is more than likely it was intended to be used by anyone and everyone before the protocol was finalized.
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October 19, 2016, 07:55:21 PM
 #126

Yes, bitcoin was designed to be global.Bitcoin was introduced to pay online without any bank involvement charging fees.It has decentralized  money giving opportunity to all people to earn.
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October 19, 2016, 11:58:33 PM
 #127

That's right, without through the money institution gateway are reducing the fees in using bitcoin caused by the bank are can't taking fees from the transaction. we can see a lot of the people from around the world already joining in here. and i can defining if bitcoin already designed be globally.

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October 20, 2016, 01:15:31 AM
 #128

Yes, bitcoin was designed to be global.Bitcoin was introduced to pay online without any bank involvement charging fees.It has decentralized  money giving opportunity to all people to earn.

I think that is the real purpose. Maybe Satoshi already seen that this banks are getring richer everyday and want ti end it with something. So he found bitcoin as a way to make that stop or for people to have an option.


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October 20, 2016, 03:30:41 AM
 #129

Yes, bitcoin was designed to be global.Bitcoin was introduced to pay online without any bank involvement charging fees.It has decentralized  money giving opportunity to all people to earn.

I also think it was but of course we cannot really now this because its something that we cannot know.
No one knew it would be so big and its even still growing too..
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October 20, 2016, 04:02:24 AM
 #130

Yes, bitcoin was designed to be global.Bitcoin was introduced to pay online without any bank involvement charging fees.It has decentralized  money giving opportunity to all people to earn.

I think that is the real purpose. Maybe Satoshi already seen that this banks are getring richer everyday and want ti end it with something. So he found bitcoin as a way to make that stop or for people to have an option.

I could somehow agree with this,  there are really lots  of  purpose as i assume  on satoshi invention but we cant really tell the precise  one  because we dont know whats on the  mind  of satoshi but we  must be thankful after all  on which  bitcoin have been created as  you said  it gives people  another  option.
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October 20, 2016, 04:05:20 AM
 #131



I think that is the real purpose. Maybe Satoshi already seen that this banks are getring richer everyday and want ti end it with something. So he found bitcoin as a way to make that stop or for people to have an option.

Well I doubt that it has to do something with banks getting richer everyday since no doubt banks are big help in some of the countries. But Im agree that Satoshi want to end something that is usual in money transfers.

Since money tranfers really sucks especially from country to country transfers, blockchain was introduced which is really a big help in erasing those classic way to send and receive money. What a wonderful bright idea in the Satoshi group.


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October 20, 2016, 09:10:03 AM
 #132

Yes, bitcoin was designed to be global.Bitcoin was introduced to pay online without any bank involvement charging fees.It has decentralized  money giving opportunity to all people to earn.

Also bitcoin introduce in this world a new currency which people know about it a crypto currency, before it on one know about any crpto currencies, and also bitcoin give us a new way to come in Altcoin trading, It is a online currency where we can use it easily and buying everything, and as you said bitcoin give us amount transfer anywhere in a less charges and the best way of bitcoin that it give us a huge peoples of earning ways, now many people are earning from bitcoin, So we can say it clearly, Bitcoin is design for a global.
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October 20, 2016, 11:07:16 AM
 #133

Yes, bitcoin was designed to be global.Bitcoin was introduced to pay online without any bank involvement charging fees.It has decentralized  money giving opportunity to all people to earn.

To add bitcoin is global because it runs through the world wide web that is served on the entire planet. And common sense tells us that if bitcoin was not made for all regions in the planet it will be not available worldwide. But the factor that will stop bitcoin from being global is the acceptance of countries, some countries bans bitcoin in their political boundaries.
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October 20, 2016, 11:13:12 AM
 #134

Yes, bitcoin was designed to be global.Bitcoin was introduced to pay online without any bank involvement charging fees.It has decentralized  money giving opportunity to all people to earn.

To add bitcoin is global because it runs through the world wide web that is served on the entire planet. And common sense tells us that if bitcoin was not made for all regions in the planet it will be not available worldwide. But the factor that will stop bitcoin from being global is the acceptance of countries, some countries bans bitcoin in their political boundaries.

In the biggest sense bitcoin was made to be used globally without being controlled by banks and will pass through all boundaries as long as the internet can reach. That is the main target of decentralization of bitcoin, it is to be present and used globally without global acceptance the success of this coin is low. Bitcoin as a currency is a also a product that needs market and so for it to succeed it needs to be offered around the globe to increase its value and its usefulness.
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October 20, 2016, 11:18:10 AM
 #135

Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?

actually we can't here confirm whether bitcoin is designed for globally used or not . because every people from world are using btc . but every day new people entering in the bitcoin world . so we can say that it will also develop with the increase of use of bitcoin globally .

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October 20, 2016, 11:22:53 AM
 #136

Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?

actually we can't here confirm whether bitcoin is designed for globally used or not . because every people from world are using btc . but every day new people entering in the bitcoin world . so we can say that it will also develop with the increase of use of bitcoin globally .
We can confirm actually because bitcoin was already created and we can witness what is the use of bitcoin, I see that people are using it as a universal currency that we can transact online using bitcoin either what country are we living, that alone will prove that it is designed globally.

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October 20, 2016, 11:43:01 AM
 #137

There's a wide misundertstood about the total bitcoin mined. Yes, it was design to be global, just have to understand the content in the satoshi's white paper. There are numbers of obstacle we're facing everyday but that's the reality of The New Money.  Cool


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October 20, 2016, 11:48:51 AM
 #138

I was wondering. The People are talking about that bitcoin is only divisible by 8 digits, whether a possibility to expand the value of bitcoin by dividing it up 10 or even 12 digits?                              
If it's possible then the single bitcoin may become more valuable and a smaller "micro coins" could fulfill its role globally.

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October 20, 2016, 11:57:00 AM
 #139

Given the fact that there are only 21M bitcoins, one could wonder if bitcoin was designed for a few selected or first few adopters and not to be a global currency in a world with +7 billions people.

What happens 40 years from now when most of the people on earth turn to using crypto currency? simply use alt coins when they see bitcoin already in hands of a few hundreds people and not wanting to be manipulated by them or even by 1m coins of satoshi?

Can't we have a second version of same code with same team and the same credibility developing it?

ofcourse it was designed to use globally .
we can say it is made to use by everyone from.world to make use and earn and also make payment .
since in bitcoin we can make multiple wallet and unlimited bitcoin adress so i think there is no limit for Bitcoin wether is globally or not globally uses .
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October 20, 2016, 12:02:50 PM
 #140

There's a wide misundertstood about the total bitcoin mined. Yes, it was design to be global, just have to understand the content in the satoshi's white paper. There are numbers of obstacle we're facing everyday but that's the reality of The New Money.  Cool
of course bitcoin in design globally. let alone the use of bitcoin is easy. everyone will easily understand bitcoin quickly. bitcoin made for the use of everyone. ranging from children to adults.
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