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Author Topic: Was bitcoin designed to be global?  (Read 4503 times)
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October 13, 2016, 06:49:26 PM
 #81

Yes bitcoin is decentralized and it's meant for whole world and even for whole universe. It has no limitation. Bitcoin will reach wherever internet and crazy people like us exists.
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October 13, 2016, 06:57:00 PM
 #82

Of course it was.

There are many people use bitcoin to transfer their money overseas. This feature only will keep bitcoin as a global currency. You can't carry your cash overseas  without a problem unless you buy house or similar in the country you are carrying your money to. If you just wire 100k$ into your overseas account, the government will seize your money. If you buy a house and apply for a mortgage, suddenly there is no problem ! Cheesy




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October 13, 2016, 07:19:08 PM
 #83

no bitcoin is not designed to be global it is for a local use only i mean not about a country use but it is made for a community or a fourm but now it is being used for the whole world and its kind of effective because we have used it almost on everywhere in the internet
You cannot completely ignore that bitcoin was not created to be used globally. With the feature of having one bitcoin is infinitely divisible, bitcoin will be having enough number of units to serve this global.
In my understanding, I do not find the any pitfall that lacks to serve the total population of this world. Also bitcoin is completely flexible to have any future enhancements so certainly it will be always suitable for any demands.
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October 13, 2016, 07:48:42 PM
 #84

Yes bitcoin is decentralized and it's meant for whole world and even for whole universe. It has no limitation. Bitcoin will reach wherever internet and crazy people like us exists.

I would say yes because anything that promise to not ask for your data can easily be exploited for illegal purpose without knowing that good people too always value their own privacy and not willing to share. So I think with the exposure Bitcoin is getting in recent times, and scrutiny being put in place I see it as being uncomfortable for the bad guys and I am also seeing then moving to another coming to make their date more private
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October 13, 2016, 10:07:19 PM
 #85

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?


Since mostly all websites all accessible all over the world and the digital money is too then I think that bitcoin is designed to be global too.
This because the fees are same for local or international transaction so it doesn't matter about the country.
Because the total is 21M doesnt mean that 21M will be hold by 21M people.
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October 14, 2016, 12:25:24 AM
 #86

no bitcoin is not designed to be global it is for a local use only i mean not about a country use but it is made for a community or a fourm but now it is being used for the whole world and its kind of effective because we have used it almost on everywhere in the internet
You cannot completely ignore that bitcoin was not created to be used globally. With the feature of having one bitcoin is infinitely divisible, bitcoin will be having enough number of units to serve this global.
In my understanding, I do not find the any pitfall that lacks to serve the total population of this world. Also bitcoin is completely flexible to have any future enhancements so certainly it will be always suitable for any demands.
And in my understanding "yes, bitcoin are designed for being a global(the global digital currency in my mind) and are not more than it.
bitcoin are needed more researching again about that. and bitcoin is already used by the digital community.

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October 14, 2016, 01:13:41 AM
 #87

no bitcoin is not designed to be global it is for a local use only i mean not about a country use but it is made for a community or a fourm but now it is being used for the whole world and its kind of effective because we have used it almost on everywhere in the internet
You cannot completely ignore that bitcoin was not created to be used globally. With the feature of having one bitcoin is infinitely divisible, bitcoin will be having enough number of units to serve this global.
In my understanding, I do not find the any pitfall that lacks to serve the total population of this world. Also bitcoin is completely flexible to have any future enhancements so certainly it will be always suitable for any demands.
And in my understanding "yes, bitcoin are designed for being a global(the global digital currency in my mind) and are not more than it.
bitcoin are needed more researching again about that. and bitcoin is already used by the digital community.
Bitcoin now is treated as global decentralized currency and i think it will never been centralized currency but it is good enough for bitcoin more users of paypal are transferring here in bitcoin because of low fee of the transaction.
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October 14, 2016, 01:16:58 AM
 #88

not just bitcoin but perhaps the rest of the legit coin regardless of how is their value and the maximum supply. so long as people can send from where they are to where else in the world.


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October 14, 2016, 01:29:00 AM
 #89

probably not. as we can see there are only 21M bitcoins available, so I think it's not for global in term of every people in every country. I mean, there are so many people and many ways of think. they all don't think in the same way. so maybe satoshi didn't mean to create bitcoin for all of people. just my opinion.
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October 14, 2016, 01:38:19 AM
 #90

Indeed it is a global currency.  Technically, it can even be in places that don't have internet (sort of).  If someone has a paper wallet, they can receive coins anywhere in the world.  Spending can be a little harder, though, although it is possible.  For example, those loaded physical coins that have the private keys on the inside can be traded just like a... well, coin! ;-)
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October 14, 2016, 01:41:52 AM
 #91

the total amount of bitcoins that was expected to be there doesnt really matter much because bitcoin can always be broken down into smaller and smaller pieces. i believe that bitcoin was designed to be global.
and the only way its going to survive is if it stays global.
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October 14, 2016, 01:45:12 AM
 #92

I am still surprised that people are so deeply rooted in old ways of thinking about money and they lack basic insight about Bitcoin.

Stop comparing bitcoin to FIATs - it is something entirely different and more sophisticated.

I bet people think of 21m of bitcoin in FIAT category - of course we couldn't use only 21 millions of dollars/euros/pounds/whatever to fuel our economy.

But bitcoin is not limited to one or two decimal places, like FIAT is. Bitcoin can be upgraded, FIAT cannot, bitcoin was born on the internet=internet is global.
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October 14, 2016, 01:54:35 AM
 #93

the total amount of bitcoins that was expected to be there doesnt really matter much because bitcoin can always be broken down into smaller and smaller pieces. i believe that bitcoin was designed to be global.
and the only way its going to survive is if it stays global.

I agree the amount of bitcoin is irrelevant whether it is designed to be global or not.  What matters is the capability of bitcoin to be sent anywhere in the world without a third party involved.  And since Bitcoin can be sent to anywhere in the world as long as the recipient have a bitcoin wallet, then it is designed to be globally used.

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October 14, 2016, 01:58:02 AM
 #94

the total amount of bitcoins that was expected to be there doesnt really matter much because bitcoin can always be broken down into smaller and smaller pieces. i believe that bitcoin was designed to be global.
and the only way its going to survive is if it stays global.
Yes, bitcoin is designed to be global. Look at transactions, it originates from different parts of the world.No one knows who you are and more people are joining to used the bitcoin. It gives opportunity worldwide and in bitcoin we are all equals no matter whats your color,races or origin. Smiley

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October 14, 2016, 02:10:48 AM
 #95

the total amount of bitcoins that was expected to be there doesnt really matter much because bitcoin can always be broken down into smaller and smaller pieces. i believe that bitcoin was designed to be global.
and the only way its going to survive is if it stays global.
Yes, bitcoin is designed to be global. Look at transactions, it originates from different parts of the world.No one knows who you are and more people are joining to used the bitcoin. It gives opportunity worldwide and in bitcoin we are all equals no matter whats your color,races or origin. Smiley

I think that it was never expected that it could become so big honestly, so I think it was not designed to go globally.
On the other hand luckily it did and it unwraps good.
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October 14, 2016, 02:23:23 AM
 #96

the total amount of bitcoins that was expected to be there doesnt really matter much because bitcoin can always be broken down into smaller and smaller pieces. i believe that bitcoin was designed to be global.
and the only way its going to survive is if it stays global.
Yes, bitcoin is designed to be global. Look at transactions, it originates from different parts of the world.No one knows who you are and more people are joining to used the bitcoin. It gives opportunity worldwide and in bitcoin we are all equals no matter whats your color,races or origin. Smiley

I think that it was never expected that it could become so big honestly, so I think it was not designed to go globally.
On the other hand luckily it did and it unwraps good.
Of course it was designed globally, if you have read the full story on why bitcoin is created, you will know that its purpose is really to help the world transact online in the cheapest and the fastest way, and with that features people are attracted and they are coming in to adopt, so this is what we are seeing now.

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Chris!
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October 14, 2016, 02:41:05 AM
 #97

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 there are 100million times more units than you listed. They're called a Satoshi. If bitcoins are worth 1000x what they are right now we still won't really have a need for 1 satoshi. If it becomes so mainstream that everyone owns bitcoins in the world (doubtful) then it could always be broken up into 10, 12 or 16 decimal points.
drwtsn32
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October 14, 2016, 03:12:38 AM
 #98

Of course. Definitely. Bitcoin was designed to be global. If I were its creator, why would I make a virtual currency that is only available in my country? I mean how can I even do that? Bitcoin runs on the internet and the internet is accessible anywhere by anyone.
Newcoins2020
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October 14, 2016, 03:28:56 AM
 #99

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?


Since mostly all websites all accessible all over the world and the digital money is too then I think that bitcoin is designed to be global too.
This because the fees are same for local or international transaction so it doesn't matter about the country.
Because the total is 21M doesnt mean that 21M will be hold by 21M people.

I also think it was designed for global use, I do not think they never knew it will grow so much but that they had plans to get global that is one thing that is sure in my eyes.
I think that it is designed for global use..
Doms
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October 14, 2016, 04:09:07 AM
 #100

Bitcoin being a decentralized currency is meant to be owned by everyone, with no central authority over it. That is why it is easy for it to be a global currency. The only problem is that people in general are not aware that such a thing or technology exists. Either that or they don't care about bitcoin. For what it's worth, bitcoin is already something that's global since everything that runs digitally is already part of globalization.
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