What if all nations of the world started to use bitcoin

[PhucS]

What will happened if every country started to use bitcoin. Is the current supply of bitcoin and blockchain capacity can handle every bitcoin user?

Thanks in advance.

It would be a great thing if all countries in the world started using bitcoin. Everything will become easier, Bitcoin is accepted and users will no longer have to worry about its legality. It can become a currency rather than an electronic currency. The value of Bitcoin will increase sharply because of the many users, so the supply is lacking. This means Bitcoin exploitation will be more difficult. But I think this is hardly possible because all the countries in the world are not the same, there are some poor countries have not thrived, their people are unknown to Bitcoin

[Bunsomjelican]

What will happened if every country started to use bitcoin. Is the current supply of bitcoin and blockchain capacity can handle every bitcoin user?

Thanks in advance.

That's the time Bitcoin will declare as new world currency I think if that happens. Which means majority of the businesses or merchants are bitcoin accepted. How I wish that to be happened soon

[DoublerHunter]

What will happened if every country started to use bitcoin. Is the current supply of bitcoin and blockchain capacity can handle every bitcoin user?

Thanks in advance.

That's the time Bitcoin will declare as new world currency I think if that happens. Which means majority of the businesses or merchants are bitcoin accepted. How I wish that to be happened soon

Bitcoin is already a currency and bitcoin will not be a new world currency because lack of supply and it will not be sustainable for the entire population of our world. If bitcoin will be used by all nations then it will be great because the price in that time will be huge and we will be millionaires because of that.

[Raven91]

IF all nation started to use bitcoin it will be great because the demand of bitcoin will go up and no doubt that the bitcoin price will also increase and bitcoin will have lot of partnership and you can use it in many store where you can buy using digital currency.

[stompix]

What will happened if every country started to use bitcoin. Is the current supply of bitcoin and blockchain capacity can handle every bitcoin user?

Thanks in advance.

That's the time Bitcoin will declare as new world currency I think if that happens. Which means majority of the businesses or merchants are bitcoin accepted. How I wish that to be happened soon

Bitcoin is already a currency and bitcoin will not be a new world currency because lack of supply and it will not be sustainable for the entire population of our world. If bitcoin will be used by all nations then it will be great because the price in that time will be huge and we will be millionaires because of that.

Lack of supply?
That is exactly why bitcoin is doing so great compared to fiat.
It's limited unlike fiat which can be printed any second the government is out of toilet paper.

How is possible that people who use this forum for months can still spout crap like this?

[Bellator]

thats very good if all the world using bitcoin for transaction in the Internet

That's good in our bitcoin community. Because the price of bitcoin will pump. But The question is if all nations of the world started to use bitcoin if they can handle this traffic of transaction? If this transaction will confirm faster ?

[YuginKadoya]

thats very good if all the world using bitcoin for transaction in the Internet

That's good in our bitcoin community. Because the price of bitcoin will pump. But The question is if all nations of the world started to use bitcoin if they can handle this traffic of transaction? If this transaction will confirm faster ?

Japan have accepted bitcoin, what do you think japan's comment about some slow transaction confirmation that take days to be confirm? do you think they would rather give big amount of fees so their transaction could be confirm quickly? Well I think they just keep it as is because the part that is important is the technology of bitcoin, well that is my opinion well let's just see if the whole world would really accept bitcoin just like japan did.

[Armstand]

thats very good if all the world using bitcoin for transaction in the Internet

That's good in our bitcoin community. Because the price of bitcoin will pump. But The question is if all nations of the world started to use bitcoin if they can handle this traffic of transaction? If this transaction will confirm faster ?

If all the nations will start using bitcoins then definitely the price of bitcoin will go much higher and when if comes to transaction then core development team will work on it to make it faster so people don't have to wait longer for transaction to get confirmed.

The only problem that can encounter if ever every nation will use it ,is the confirmations delay. This is already happening now even in some countries that are not known it yet,what more if they acquire it also, So your right that there is really a need to develop it and make it faster.

[traderethereum]

thats very good if all the world using bitcoin for transaction in the Internet

That's good in our bitcoin community. Because the price of bitcoin will pump. But The question is if all nations of the world started to use bitcoin if they can handle this traffic of transaction? If this transaction will confirm faster ?

If all the nations will start using bitcoins then definitely the price of bitcoin will go much higher and when if comes to transaction then core development team will work on it to make it faster so people don't have to wait longer for transaction to get confirmed.

The only problem that can encounter if ever every nation will use it ,is the confirmations delay. This is already happening now even in some countries that are not known it yet,what more if they acquire it also, So your right that there is really a need to develop it and make it faster.

this is the main problem that bitcoin have and its should fixed so the confirmations is no need to waiting for too long. i am sure that if all nations is started to use bitcoin, then blockchain will be fast in confirmatin because the teams of bitcoin will not let blockchain to get slow in confirmations so they will fixed this as soon as possible.

[Yakamoto]

thats very good if all the world using bitcoin for transaction in the Internet

That's good in our bitcoin community. Because the price of bitcoin will pump. But The question is if all nations of the world started to use bitcoin if they can handle this traffic of transaction? If this transaction will confirm faster ?

If all the nations will start using bitcoins then definitely the price of bitcoin will go much higher and when if comes to transaction then core development team will work on it to make it faster so people don't have to wait longer for transaction to get confirmed.

The only problem that can encounter if ever every nation will use it ,is the confirmations delay. This is already happening now even in some countries that are not known it yet,what more if they acquire it also, So your right that there is really a need to develop it and make it faster.

For countries that are moving any sort of a sum of money, typically it's not a terrible thing to only have to wait 10 to 30 minutes for the transaction to go through. Using conventional methods, that can take a lot, and I mean a lot, longer. The only convenience that countries have available to them is that they get a bit more priority due to the nature of what they do. If they opted to use Bitcoin, it not only moves faster, but is also traceable, and seeing a multi-million or potentially multi-billion dollar move on the blockchain would be something everyone would be watching.

[Wesimon]

This will increase the price of coins, but you need to improve the system so that there are no failures due to a huge number of transactions.

I agree. And I think that the bitcoin blockchain system can never maintain a huge number of transaction daily if the whole world starts using Bitcoin. There will be another altcoin strong enough to sweep Bitcoin away

Those problems that we are experiencing will surely be fix when all the nations are already using and adopted bitcoin. And it's a thing that will make the price to pump, the demand will be higher and the supply will be lesser and I guess when it happens, satoshi's / bits will be more valuable by that time and has a very good value.

If all countries will adopt bitcoin then the price of bitcoin will no longer increase but become fixed since the government will make a move to make the price of bitcoin stable. The only change in bitcoins value is when the US dollars value will increase. But it is a long way to go and we are still uncertain if who among our ideas will occur but hopefully there is a bright future in bitcoin.

Bitcoin's value is dictated by the demand and supply, so how come that bitcoin's value will be fixed if all country adopts bitcoin and to think that the demand of bitcoin on that point is very high. Obviously, based from the law of supply and demand, bitcoin's price will soar up.

How come that the government will do something about bitcoin's price? They cannot even touch bitcoin. So please enlighten us on how will they do it.

[MingLee]

This will increase the price of coins, but you need to improve the system so that there are no failures due to a huge number of transactions.

I agree. And I think that the bitcoin blockchain system can never maintain a huge number of transaction daily if the whole world starts using Bitcoin. There will be another altcoin strong enough to sweep Bitcoin away

Those problems that we are experiencing will surely be fix when all the nations are already using and adopted bitcoin. And it's a thing that will make the price to pump, the demand will be higher and the supply will be lesser and I guess when it happens, satoshi's / bits will be more valuable by that time and has a very good value.

If all countries will adopt bitcoin then the price of bitcoin will no longer increase but become fixed since the government will make a move to make the price of bitcoin stable. The only change in bitcoins value is when the US dollars value will increase. But it is a long way to go and we are still uncertain if who among our ideas will occur but hopefully there is a bright future in bitcoin.

Bitcoin's value is dictated by the demand and supply, so how come that bitcoin's value will be fixed if all country adopts bitcoin and to think that the demand of bitcoin on that point is very high. Obviously, based from the law of supply and demand, bitcoin's price will soar up.

How come that the government will do something about bitcoin's price? They cannot even touch bitcoin. So please enlighten us on how will they do it.

Bitcoin's value is not dictated by supply and demand, at this point the majority of the market is more interested in speculation and guessing games rather than actually buying or selling due to a need or surplus of it. That one ETF is going through the SEC again and there's a high chance that the current market value of Bitcoin is partially speculation about that, along with other movements happening due to Bitfinex screwing the value up for everyone.

[witsie]

my stances on that are from another side .... namely i am in divine universalism ... so i am generating divine money ... but, i remember that before cryptographers have invented btc i was thinking: "maybe the guys from technology will help me as to a presumed secular god zikalkis with some invention .. and wow ... 5 years ago on a liberalist site i have seen a word "bitcoin" ... i google it and said: wooooow they did it, oh my guard ... ever since then i visited and signed up to all crypto-fiat sites that i could reach (over 1000 buxes and clixes, they paid me 6.22 fiat dollars in 2 years of daily clicking) all pokers and miners ... i didn't complain .... first day i entered crypto-fiat online industry i said: uhhh .... they are so perfidious and morbid ....and, it holds water still ....! ... maybe it is main human characteristic ... we are scum on the earth, naturally,.... now, i feel crypto is exploited and enslaved by fiats .... so i had to find solution to deliver them from that slavery .... thus, i invented our divine money .... 1 divine dollar = 1 fiat dollar = 1mb (near) .... now we have all 3 players in the game ... fiats, cryptos and divine ... society, people and god ... nature is the fulcrum on which we all 3 exist ( maybe nature we can consider as gold and diamonds, if we need fourth player ) so i enclosed missing parts of that vicious circle .... and we can run forward
........................... my conclusions i tried to compose and teach me and you ......................
...
technology <<-perfect<best<better<good>goodier>goodiest>divine ->> morality
... profanists<genitalists<scum<scam<>spam>slam>genialists>divinists ....
...
maybe you see that i prepare ground and testing waters for our future divine sites ... lol & hah
any advice r suggestion or a question would be welcomed and appreciated (rewarded too)
...
.stick to my sites, i am not franklin linkoln nor george washington, i am not doc holiday nor che guevara, i am zik zikalkis, thanks

[Vaskiy]

Single currency system won't exist to make the financial system run in a perfect manner. Because the money value varies between Countries. Also in future bitcoin might be used as an currency for cross border transaction where as within the country the transaction will be made using the country's own digital coin.

[sergeyzol]

Single currency system won't exist to make the financial system run in a perfect manner. Because the money value varies between Countries. Also in future bitcoin might be used as an currency for cross border transaction where as within the country the transaction will be made using the country's own digital coin.

Bitcoin will be only an additional currency with which you can not only pay off, but also earn on the growth of the price.

[bitbunnny]

It sounds like utopia that every nation in the world uses Bitcoin. I'm not saying this could be impossibe but at the moment there are no cinditions for such thing because not all have the equal knowledge and access to the new technologies and Internet and Bitcoin can't be used everywhere under same conditions. And it's not very likely that it would become the main currency.

[Doms]

Single currency system won't exist to make the financial system run in a perfect manner. Because the money value varies between Countries. Also in future bitcoin might be used as an currency for cross border transaction where as within the country the transaction will be made using the country's own digital coin.

A universal currency is much more ideal, because we can’t really expect countries to just ditch their local currencies and go gaga over a digital currency. Just like what the dollar is now, bitcoin can be that currency that the world over will prefer to use when it comes to international purchases or something that you can rely on because of the value that it holds. That could be the day when even a satoshi would have a significant amount and is enough to buy a cigarette.

[SingAlong]

Single currency system won't exist to make the financial system run in a perfect manner. Because the money value varies between Countries. Also in future bitcoin might be used as an currency for cross border transaction where as within the country the transaction will be made using the country's own digital coin.

A universal currency is much more ideal, because we can’t really expect countries to just ditch their local currencies and go gaga over a digital currency. Just like what the dollar is now, bitcoin can be that currency that the world over will prefer to use when it comes to international purchases or something that you can rely on because of the value that it holds. That could be the day when even a satoshi would have a significant amount and is enough to buy a cigarette.

I highly agree since their own currency is more than a thing used in transactions but also reflects their culture, country, and governments authority to their jurisdiction. In our country, in every coin and especially every bill has our history or any beautiful wonders in our country printed aside from the heros and the former president who have served in our country with love and blood.

[Gastotade]

Single currency system won't exist to make the financial system run in a perfect manner. Because the money value varies between Countries. Also in future bitcoin might be used as an currency for cross border transaction where as within the country the transaction will be made using the country's own digital coin.

A universal currency is much more ideal, because we can’t really expect countries to just ditch their local currencies and go gaga over a digital currency. Just like what the dollar is now, bitcoin can be that currency that the world over will prefer to use when it comes to international purchases or something that you can rely on because of the value that it holds. That could be the day when even a satoshi would have a significant amount and is enough to buy a cigarette.

I highly agree since their own currency is more than a thing used in transactions but also reflects their culture, country, and governments authority to their jurisdiction. In our country, in every coin and especially every bill has our history or any beautiful wonders in our country printed aside from the heros and the former president who have served in our country with love and blood.

that's why bitcoin will be hard to implement as universal currency ,it can be the most known crytocurrency or internet money, but in actual when government , laws and principles to be on the list . It will be a long run to promote bitcoin and to adapt physically.

[Kamarah]

the price will increase, for sure. And then no one wants to use Bitcoin anymore because I believe that 21 millions Bitcoin can not adapt 7 billions people and more over, miners and the blockchain can not confirm 1 transaction in less than an hour