What if all nations of the world started to use bitcoin

[kikeda]

If that really happens in future then the price of bitcoins will reach to the moon and it will be used and accepted as a fiat currency but I don't think that will ever happen as some countries will never allow usage of bitcoins in their country.

[iluvpie60]

Bitcoin price would go very high if every country used bitcoin. Would probably mean higher fees if that happened right now. We would need segwit for sure to get this solved.

[Blitzboy]

Bitcoin price would go very high if every country used bitcoin. Would probably mean higher fees if that happened right now. We would need segwit for sure to get this solved.

Yeah that is right. The more people use bitcoin, the higher the fees are. Therefore, we must encourage more people to join our community and tell them how beautiful and remarkable Bitcoin can be. Tell them that Bitcoin has changed your life and make you richer than ever

[btcforall777]

There are already people from every nation using bitcoin. Just not on a huge level. But the fire has been started....

[justspare]

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

yeah many people do not spend their bitcoin because they are sure that bitcoin price increasing constantly everyday then they hold their bitcoin and waiting for more high price and i hope they will be get a big profit in the future.

[Omegasun]

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

yeah many people do not spend their bitcoin because they are sure that bitcoin price increasing constantly everyday then they hold their bitcoin and waiting for more high price and i hope they will be get a big profit in the future.

As much as possible I do not enter into any bitcoin spending now since were really sure that its value will increase more than what's happening now, anyway it is seems a way of investing in a safer way since bitcoin value is obviously increasing.

[canvan]

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

yeah many people do not spend their bitcoin because they are sure that bitcoin price increasing constantly everyday then they hold their bitcoin and waiting for more high price and i hope they will be get a big profit in the future.

As much as possible I do not enter into any bitcoin spending now since were really sure that its value will increase more than what's happening now, anyway it is seems a way of investing in a safer way since bitcoin value is obviously increasing.

Same the possibilities are limitless if it starts being used officially by nations. Its one of those things where you see more and more people using it so you know its going to keep going up as long as that trend continues.

[ModGirl]

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.

Then I am sure that the price of bitcoin will start to increase more and more faster and at that time the investors will like to store more coins and the demnad will be that much that the price of one satoshi will reach to about $1.

[MB boss]

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

yeah many people do not spend their bitcoin because they are sure that bitcoin price increasing constantly everyday then they hold their bitcoin and waiting for more high price and i hope they will be get a big profit in the future.

As much as possible I do not enter into any bitcoin spending now since were really sure that its value will increase more than what's happening now, anyway it is seems a way of investing in a safer way since bitcoin value is obviously increasing.

Yes t will increase more high. And if all the governments will guarantee for the security of bitcoin then everyone will have their own bank in their wallet and will store their money only in bitcoin on their wallet

[ModGirl]

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

yeah many people do not spend their bitcoin because they are sure that bitcoin price increasing constantly everyday then they hold their bitcoin and waiting for more high price and i hope they will be get a big profit in the future.

As much as possible I do not enter into any bitcoin spending now since were really sure that its value will increase more than what's happening now, anyway it is seems a way of investing in a safer way since bitcoin value is obviously increasing.

Yes t will increase more high. And if all the governments will guarantee for the security of bitcoin then everyone will have their own bank in their wallet and will store their money only in bitcoin on their wallet

That will be a crazy time for the users of bitcoin as at that time bitcoin will be a more precious asset of the world because the supply and amount of bitcoin is limited and the demand will be from all of the world and even a single satoshi will be much precious to buy. The current users will be the more rich people of the world.

[grim007]

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

yeah many people do not spend their bitcoin because they are sure that bitcoin price increasing constantly everyday then they hold their bitcoin and waiting for more high price and i hope they will be get a big profit in the future.

As much as possible I do not enter into any bitcoin spending now since were really sure that its value will increase more than what's happening now, anyway it is seems a way of investing in a safer way since bitcoin value is obviously increasing.

Yes t will increase more high. And if all the governments will guarantee for the security of bitcoin then everyone will have their own bank in their wallet and will store their money only in bitcoin on their wallet

That will be a crazy time for the users of bitcoin as at that time bitcoin will be a more precious asset of the world because the supply and amount of bitcoin is limited and the demand will be from all of the world and even a single satoshi will be much precious to buy. The current users will be the more rich people of the world.

Probably this things might happen since from $300 to $2000 value of btc been seen how it progress in such a small period of time, Bitcoin users now can be able to save more and benefit from future increase and development of bitcoin since we already see that bitcoin have the ability to reach bigger value than expected,so value our btc now as much as possible.

[Restmand]

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

yes its true the price will increase , the demand will increase too. im hoping that someday all of the countries will accept bitcoin as one of the mode of payment that we can paid off. the more people using it, the more opportunities are being opened. and more an more people will invest bitcoin and they will be happy and satisfied for using it.

[umbara ardian]

With the prediction that if every country uses bitcoin, I bet this condition will be more and more changers emerging, this is a chance that everyone wants, and transaction costs will continue to rise.

[GreenBits]

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

yeah many people do not spend their bitcoin because they are sure that bitcoin price increasing constantly everyday then they hold their bitcoin and waiting for more high price and i hope they will be get a big profit in the future.

As much as possible I do not enter into any bitcoin spending now since were really sure that its value will increase more than what's happening now, anyway it is seems a way of investing in a safer way since bitcoin value is obviously increasing.

Yes t will increase more high. And if all the governments will guarantee for the security of bitcoin then everyone will have their own bank in their wallet and will store their money only in bitcoin on their wallet

That will be a crazy time for the users of bitcoin as at that time bitcoin will be a more precious asset of the world because the supply and amount of bitcoin is limited and the demand will be from all of the world and even a single satoshi will be much precious to buy. The current users will be the more rich people of the world.

This would scare the living shit out of me, as thus would make bitcoin the one currency the Bible talks about. For one, I don't think it will happen as a state can't control the rate of inflation, which is crazy important if you are planning something as lofty as finacial policy for a whole nation. Also, if States were interested in adopting bitcoin, they would mine it. If any one state attempted to mine bitcoin for itself, it would be an arms race as nations competed to build the best/ most efficient miners. No private company, not even BitFury or Bitmain, could compete with a state actor concerning bitcoin.

Easier to make a new, more controllable bitcoin than subvert the original coin.

[nightxglow]

I think it's such a great change if every country in the world started to accept and use bitcoin. But i think it is quite difficult to happen, since not all country have same technology development. I bet there's still some place who doesn't even know what internet is and even if every country accept bitcoin, not many people will be able to use it since not many people know and understand bitcoin. Even when i explain about bitcoin to some people they're clueless af and don't care about it since they think it's difficult and prefer using something more common.

[Senja Kemuning]

I've heard that bitcoin is already being used in Russia and Japan, but officially I've yet to find citizens using bitcoin transactions directly. I think there is currently no official State using bitcoin.

[kidoseagle0312]

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.

Well if that happens, I think that's the time that bitcoin was being declared as a world currency.
Yes, the current supply of bitcoin in the blockchain has a capacity to sustain all the supply in the whole world user.

[Bionicgalaxy]

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.

In my personal point of view nothing or no big change will happen in such country or a country that patronizes bitcoin cause bitcoin is cause mostly like those are online investment businesses. however it has a big contribution to those individuals who is in to bitcoin.

[bibiqua]

Yes, the current supply of bitcoin in the blockchain has a capacity to sustain all the supply in the whole world user.

Provided each user can afford waiting a several thousand years until his payment has been processed by the bitcoin matrix.

Fact: Backlog increasing, transactions on hold for weeks. Right now. Look at the stats.

[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.

Well if that happens, I think that's the time that bitcoin was being declared as a world currency.
Yes, the current supply of bitcoin in the blockchain has a capacity to sustain all the supply in the whole world user.

People like you should stop writing and start reading.

The blockchain capacity refers to the number of transactions that can be confirmed in a given time.
It has no whatsoever correlation with the supply of bitcoins or their number.

So next time before making yourself look stupid do a bit of research.