Could BTC ever become fast enough to function as a single world currency?

[Viscount]

All they have to do is Block companies from taking BTC and block banks from letting people exchange it for fiat.

It wouldn't be enough people still be able to exhange bitcoins. If you think that bitcoin failed or will fail what are you doing here, just trolling? you have nothing to do?

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[Herbert2020]

There is a thought I've had. If BTC were to go past the moon and crush all fiat currency it would undergo far more transactions than it does now, more than SegWit could account for. Is there any way that BTC could become fast enough to function as a single or primary international currency through further updates yet to be determined without upping the block size to 1 TB per block someday?

yeap, that is why we need scaling. and at some point things will become bad enough that we will be forced to accept it. but it doesn't have to be a huge amount.
and by the way transactions are super fast. when you send a transaction it takes second to reach everyone. the confirmation takes time.

BTC just does not have enough coins for worldwide adoption.

there are 2,100,000,000,000,000 coins (units) going to be available at maximum.
right now there are more than 1,600,000,000,000,000 units available for people to use.

[Genesis1337]

BTC just does not have enough coins for worldwide adoption.

there are 2,100,000,000,000,000 coins (units) going to be available at maximum.
right now there are more than 1,600,000,000,000,000 units available for people to use.

wait but if there are only 7,000,000,000,000,000,000 people on earth will this be enough?

[Herbert2020]

BTC just does not have enough coins for worldwide adoption.

there are 2,100,000,000,000,000 coins (units) going to be available at maximum.
right now there are more than 1,600,000,000,000,000 units available for people to use.

wait but if there are only 7,000,000,000,000,000,000 people on earth will this be enough?

the population is 7.5 billion and it is said in short scale (not the European long scale) meaning it has 9 zeros which looks like this 7,500,000,000
see it here: http://www.worldometers.info/world-population/

also who said every single person in the world is supposed to or even going to use bitcoin? are they all using USD, are they all invested in Gold? ....

[kiklo]

LOL, you can tell what is truth , you're too much of a BTC Shrill.  


 

Read again your upper post that Bitcoin has not enough coins. Only a liar would write such stupid nonsence  

Hmm, you are stupid,

What I said is accurate.

Amount of money World Wide is ~ 75 trillion dollars
Trillion=(1,000,000,000,000)

Only 21 million BTC coin
75,000,000,000,000

means 1 BTC is worth $ 3,571,428.57
meaning 1 satoshi is worth ~4 cents

Fees to withdrawal BTC from an exchange is Fee: 0.00040000
at 4 cents each , that comes out to $1600  

If you think that people are going to be able to afford $1600 transaction fee to remove $100 from an exchange, then mail me some of what you are smoking.  
This is what I mean when I say there are not enough coins for worldwide adoption, they are so few they will be unaffordable and as a side effect no use to anyone as a way to transfer value. BTC is DOA for world wide usage , the majority of people are just too stupid to see it.  


 

[Viscount]

Amount of money World Wide is ~ 75 trillion dollars
Trillion=(1,000,000,000,000)

Only 21 million BTC coin
75,000,000,000,000

means 1 BTC is worth $ 3,571,428.57
meaning 1 satoshi is worth ~4 cents

Bitcoin can be scaled if it's necessary. If you didn't know that... you are more stupid than I expected 

[kiklo]

All they have to do is Block companies from taking BTC and block banks from letting people exchange it for fiat.

It wouldn't be enough people still be able to exhange bitcoins. If you think that bitcoin failed or will fail what are you doing here, just trolling? you have nothing to do?

What You think , I should let the BTC Shrills lie and fool everyone with your false promises , when in truth you are just offering a pump & dump before you cash out.
There are a lot of innocent people out there , they deserve to hear both sides and make their own decisions.

 

[kiklo]

Amount of money World Wide is ~ 75 trillion dollars
Trillion=(1,000,000,000,000)

Only 21 million BTC coin
75,000,000,000,000

means 1 BTC is worth $ 3,571,428.57
meaning 1 satoshi is worth ~4 cents

Bitcoin can be scaled if it's necessary. If you didn't know that... you are more stupid than I expected  

$1600 dollars fee just to withdraw $100 , the only stupid one here is you.  


 

[pinkflower]

I see this question being asked again and again in this forum. Some answer yes and some answer in the negative but what we all fail to admit to ourselves is, are we really here for BTC because we really love it or are we here because we love the fiat we can make from it so we can buy stuff we want?

Im excited with the technology but theres a side of me that wants what the early adopters had. Thats being on the train when it left. But maybe it has gone already and Im still hopeful.

[Amph]

There is a thought I've had. If BTC were to go past the moon and crush all fiat currency it would undergo far more transactions than it does now, more than SegWit could account for. Is there any way that BTC could become fast enough to function as a single or primary international currency through further updates yet to be determined without upping the block size to 1 TB per block someday?

Nope,

It's ONCHAIN transactions can not handle that demand,
plus as it's price rises so does it transaction fees, only the rich will be able to afford adding a transaction per block.
Mass adoption will fail and the rich will dump BTC in favor of other crypto that the masses can use.
BTC just does not have enough coins for worldwide adoption.

 

this might be true only on microtransaction, even with a fee of $10 i would still send 100, for example, the mass will only use bitcoin for big transaction and the rich can keep using bitcoin for the microtransaction

it's not that bad as it sounds, it might go in that way in the end, until a proper solution is discovered that scale for every size of the adoption

Hmm, you are stupid,

What I said is accurate.

Amount of money World Wide is ~ 75 trillion dollars
Trillion=(1,000,000,000,000)

Only 21 million BTC coin
75,000,000,000,000

means 1 BTC is worth $ 3,571,428.57
meaning 1 satoshi is worth ~4 cents

Fees to withdrawal BTC from an exchange is Fee: 0.00040000
at 4 cents each , that comes out to $1600  

If you think that people are going to be able to afford $1600 transaction fee to remove $100 from an exchange, then mail me some of what you are smoking.  
This is what I mean when I say there are not enough coins for worldwide adoption, they are so few they will be unaffordable and as a side effect no use to anyone as a way to transfer value. BTC is DOA for world wide usage , the majority of people are just too stupid to see it.  

miners will adapt and reduce the transaction fee, instead of 40k satoshi you can have 400 or 40, they just need at least the same income they have now

[Viscount]

There are a lot of innocent people out there , they deserve to hear both sides and make their own decisions.

 

LOL
What piece of a moron you are? Look around where are you... read what your browser address tells... B I T C O I N T A L K... ain't it means that all people here aware of what Bitcoin is?  

[kiklo]

There are a lot of innocent people out there , they deserve to hear both sides and make their own decisions.

 

LOL
What piece of a moron you are? Look around where are you... read what your browser address tells... B I T C O I N T A L K... ain't it means that all people here aware of what Bitcoin is?  

Does not mean you are'nt a Stupid Shrill.
Cause you are.


 

[Viscount]

$1600 dollars fee just to withdraw $100 , the only stupid one here is you.  

what can I say... well if you are stupid, such fee is still too low for you  
If i'm not wrong, my last transaction fee was way less than .1
It's just natural selection nothing personal

[kiklo]

miners will adapt and reduce the transaction fee, instead of 40k satoshi you can have 400 or 40, they just need at least the same income they have now

Yeah, you do realize they are not yet living off of the transactions fees, they make the money off of the new blocks.
When BTC hits 21 million , then they have to survive off of transaction fees alone, which will increase the price, and because ASICS continue to cost more to operate, they will be unable to lower the fees.

Behold the Future, the Death of BTC predicted by
On the Instability of Bitcoin Without the Block Reward
https://freedom-to-tinker.com/2016/10/21/bitcoin-is-unstable-without-the-block-reward/

 

[kiklo]

$1600 dollars fee just to withdraw $100 , the only stupid one here is you.  

what can I say... well if you are stupid, such fee is still too low for you  
If i'm not wrong, my last transaction fee was way less than .1
It's just natural selection nothing personal

Yes, the transaction fee are less now,
because BTC is not accepted WorldWide and the fee problem is why it will never be Globally Accepted.
Not enough coins dum dum.


 

[Viscount]

Does not mean you are'nt a Stupid Shrill.
Cause you are.


 

you can have you own opinion unless you write no proof i'm ok
and don't buy bitcoins ever or you lost all you money. You see now? I'm not heartless shill,  for mentally handicaped I strongly recommend not use Bitcoin

[warwar]

All they have to do is Block companies from taking BTC and block banks from letting people exchange it for fiat.

It wouldn't be enough people still be able to exhange bitcoins. If you think that bitcoin failed or will fail what are you doing here, just trolling? you have nothing to do?

You are right why you are still here but the point is what if bitcoin will fail. Well i could say that there also many ways tto exchange their bitcoin although that will happen . One exchanger will rise on that time bitcoin user will make ways to exchange it no matter how difficult it is

[Viscount]

Not enough coins dum dum.

Bitcoin can be scaled if necessary, but think as you wish and don't buy them. More bitcoins for smart people  

[kiklo]

Does not mean you are'nt a Stupid Shrill.
Cause you are.


 

you can have you own opinion unless you write no proof i'm ok
and don't buy bitcoins ever or you lost all you money. You see now? I'm not heartless shill,  for mentally handicaped I strongly recommend not use Bitcoin

Considering you are mentally handicapped you are contradicting yourself.  


 

[Viscount]

Considering you are mentally handicapped you are contradicting yourself.  


 

I wrote it for you if you can't get a hint