Bitcoin as Main Currency

[RoommateAgreement]

Bitcoin as main currency is hard to others. Though some countries bitcoin is popular and they already use it in their daily lives. But, not all can easily adopt this kind of currency. Let bitcoin as it is a decentralized one not be controlling by the government.

I wonder why there are lots of questions like that. Isn't great to just add bitcoin as one form of currency as a virtual currenct but not to replace any local fiat (since it is really hard to replace it) and to adopt it first by all nations and for all merchants to use it as payment especially thru online shopping, etc.

actually that would be a great thing if it could happen. bitcoin as a currency can function very well and there is nothing that can stop or restrict it. but bitcoin needs to evolve first to adapt to the new world with more users than it had back in 2011 for example.
we need scaling first and then an stable price, then we can see a very good currency.

[freedomgo]

Bitcoin as main currency is hard to others. Though some countries bitcoin is popular and they already use it in their daily lives. But, not all can easily adopt this kind of currency. Let bitcoin as it is a decentralized one not be controlling by the government.

I wonder why there are lots of questions like that. Isn't great to just add bitcoin as one form of currency as a virtual currenct but not to replace any local fiat (since it is really hard to replace it) and to adopt it first by all nations and for all merchants to use it as payment especially thru online shopping, etc.

actually that would be a great thing if it could happen. bitcoin as a currency can function very well and there is nothing that can stop or restrict it. but bitcoin needs to evolve first to adapt to the new world with more users than it had back in 2011 for example.
we need scaling first and then an stable price, then we can see a very good currency.

I'm sure that's everyone's dream, we want to see a full massive adoption with bitcoin so we can consider this as the main currency but for online only. Bitcoin is very good in terms of the features as it's secured and fast, that's the reason why we see the adoption rate is increasing but until such time there will be a massive adoption, whales will always has the chance to manipulate the price which would not attract big investors to integrate bitcoin in their system.

[gilangIDR]

I strongly agree that in the future bitcoin could be serve as the primary virtual currency that is used throughout the world. The user bitcoin is very much. development and growth also increased rapidly in many sectors.

[Windpower]

I was just curious but, what would you guys think if Bitcoin was the main currency of America. Would you like it and agree with it or would you agree with the current main currencie(s) we have.

I wouldn't mind because I really love Bitcoin. They would probably find a way to make people pay tax on what they through Bitcoin, which might make a couple of people really angry. Also, if America made Bitcoin their main supported currency, I think it would persuade a lot of other countries to follow in their footsteps and they might also make Bitcoin their primary currency. I'm sure that Bitcoin becoming the primary currency of America is everyone's dream, but I doubt it will ever happen. But we can still dream about it.

[Mr.grin]

I strongly agree that in the future bitcoin could be serve as the primary virtual currency that is used throughout the world. The user bitcoin is very much. development and growth also increased rapidly in many sectors.

Well, maybe this time, a person needs to have a bitcoin, larger than had fiat in their pockets. if all rang already know the potential of bitcoin say acukup sure, will be very many people who are looking for bitcoin in the appeal fiat, and over time it will make bitcoin be the main currency

[bitcoindusts]

I strongly agree that in the future bitcoin could be serve as the primary virtual currency that is used throughout the world. The user bitcoin is very much. development and growth also increased rapidly in many sectors.

I do not think bitcoin would be the primary virtual currency if the problem with its scalability is not fixed.  Ever thought about a scenario when 50% of the world population adopted bitcoin and send their transaction at the same time?  We can see people waiting for their transaction to be confirmed maybe for months.  I also think that transaction fee would be far too expensive than the fiat currency transfer if this transaction fee keep on increasing.  So I guess people will look for an alternative.

[doomistake]

I do not see bitcoin being a main currency, because being a main currency means being centralized and control by government.  Bitcoin is fitted being an alternative currency, it is its nature, decentralized and free from any regulatory grasp of the government.

Yes, it is most likely not going to be a main currency but, I was just wondering if you would like it as a main currency.

Only few of us would agree that bitcoin should be the main currency, because making bitcoin to be the main currency is like giving the Government a way to penetrate the core of bitcoin and take control of it, which is we don't want to happen. So, bitcoin should be remain what it is right now, maybe it would be good if bitcoin can be use in any transaction that we are going to have, but it is just a choice, I mean. if we don't have fiat, then we could use it, but never as the main currency.

[neochiny]

Nah. Bitcoin is great as an investment and an alternative currency, but to be the main currency/replace the legal tender
of a whole country?
I truly do not see it happening. Maybe a century from now? Who knows whatever huge advances technology would have made by then. For now, there's just too many holes.
Also, by being the 'main currency', it'd have to be approved by the government. I just don't see a government backing/using something they don't have full control of. There's just too many sanctions they could take to prohibit/hinder the use of bitcoin.

[Ashong Salonga]

I was just curious but, what would you guys think if Bitcoin was the main currency of America. Would you like it and agree with it or would you agree with the current main currencie(s) we have.

It's not possible since it would give several benefits all over the world such as faster transactions, low fees, and secured transactions. It would be better idea if bitcoin would be used a major currency online. Those nightmare of over charge on fees we felt through USD wallet such as paypal, neteller, and others would be end if that happen so. Part of it, scam would lessen for giving fake reciept, and there would be no more reeview for any transaction as paypal and other usd wallet do.

[BitFinnese]

Nah. Bitcoin is great as an investment and an alternative currency, but to be the main currency/replace the legal tender
of a whole country?
I truly do not see it happening. Maybe a century from now? Who knows whatever huge advances technology would have made by then. For now, there's just too many holes.
Also, by being the 'main currency', it'd have to be approved by the government. I just don't see a government backing/using something they don't have full control of. There's just too many sanctions they could take to prohibit/hinder the use of bitcoin.

I also agree, Bitcoin is at its best being decentralized currency, that is its main attraction.  If it become centralized then this will be no difference than the traditional currency we are aware of.  Aside from that, being an alternative is the highest possible status of Bitcoin since no matter how we push it, the government will never accept something decentralized to take over its economy.  Government may regulate it, acknowledge it and accept it as legal tender but never its main currency.

[FlightyPouch]

I strongly agree that in the future bitcoin could be serve as the primary virtual currency that is used throughout the world. The user bitcoin is very much. development and growth also increased rapidly in many sectors.

Yes, that is right, a primary VIRTUAL currency not a primary Currency. Many bitcoin users are taking bitcoin as a stock, saying this Bitcoin will never be a primary currency. But I think Bitcoin now is the primary virtual currency, when someone say digital currency, bitcoin will really punch your mind out if you don't think of bitcoin, it is really popular now you know.

[Taki]

I strongly agree that in the future bitcoin could be serve as the primary virtual currency that is used throughout the world. The user bitcoin is very much. development and growth also increased rapidly in many sectors.

I doubt that bitcoin will become main currency ever. I think it is pretty possible to bitcoin get replaced by some more perfect crypto-currency which could resolve all minuses of bitcoin.

[megynacuna]

I strongly agree that in the future bitcoin could be serve as the primary virtual currency that is used throughout the world. The user bitcoin is very much. development and growth also increased rapidly in many sectors.

I doubt that bitcoin will become main currency ever. I think it is pretty possible to bitcoin get replaced by some more perfect crypto-currency which could resolve all minuses of bitcoin.

It's possible Bitcoin can become the main currency in future but we need some changes to be effected nit necessarily introducing a new coin to address its challenges but it has to be infused with changes like the segwit and the likes to rather make it more efficient and perfect.

[BlackPanda]

I strongly agree that in the future bitcoin could be serve as the primary virtual currency that is used throughout the world. The user bitcoin is very much. development and growth also increased rapidly in many sectors.

I doubt that bitcoin will become main currency ever. I think it is pretty possible to bitcoin get replaced by some more perfect crypto-currency which could resolve all minuses of bitcoin.

this time I believe that bitcoin digital currency is best. but we can not predict that in the future there is a better digital currency. we all crave always the best for the world economy.

[layoutph]

This is the future, ...our money will be in crypto currency. Soon all people will use a crypto currency, wallets are already embed inside our body thru microchip implants. Transactions are cashless.

[szpalata]

This is the future, ...our money will be in crypto currency. Soon all people will use a crypto currency, wallets are already embed inside our body thru microchip implants. Transactions are cashless.

Your post sounds like the messages of the end times. Hope it doesn't end in microchip implants and all those signs of the antichrist.

[youdacapt]

This is the future, ...our money will be in crypto currency. Soon all people will use a crypto currency, wallets are already embed inside our body thru microchip implants. Transactions are cashless.

Your post sounds like the messages of the end times. Hope it doesn't end in microchip implants and all those signs of the antichrist.

But not impossible if implanted chip will be used in future. For now, chip only used as a GPS to track whereabouts of a person, many people are happy to wear it for safety reasons, including also used by army. Radiation system has been refined and safe to use.

If Bitcoin planted in people wrist, in future we will only use barcode scanner for every short distance transaction. No more need to use your wallet and bank accounts, banks only need to save identity and transaction data only. If this is done by majority people in the world, FIAT is no longer needed as a major currency.

[virasog]

This is the future, ...our money will be in crypto currency. Soon all people will use a crypto currency, wallets are already embed inside our body thru microchip implants. Transactions are cashless.

But these are qualities of bitcoin, it doesn't mean that bitcoin will be used as main currency. Also i am not disagree with you, because bitcoin is really superb crypto currency, and it really make our life easy. But use bitcoin as a main currency, it is hard to accept it.

[AjithBtc]

Bitcoin as a main currency is not possible in the near future. Volatility is a major factor which does not allow governments to give consideration as a main currency or a currency to circulate. Recent days it has got little changes in the volatility.

[AicecreaME]

This is something that will be possible someday, in fact there are already some countries that are very advanced in the adoption of Bitcoin, but most of the places that I know with this level of progress are European cities, such as a city of the Netherlands, called Arnhem.

I agree with you because the only problem the we have right for this thing to happen is the Government, not all the countries supports bitcoin because others banned it for some reasons, other says because people are using it in illegal stuffs like buying drugs, guns and so on, so their Government prohibited using it.

And others didn't ban it, but the situation is, they don't accept bitcoin yet to be the money that we can use in our everyday lives, and I think it will really take some time for this thing to happen because bitcoin is a poison to them, since they can't control it.