What if all nations of the world started to use bitcoin

[Wesimon]

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.

I think it will cause very high amount of traffic for blockchain, and probably it will cause many issues, like getting so many transactions unconfirmed, and the transactions fees will increase as well.

That is exactly what is happening currently. To think that only a small portion of the world's population is using bitcoin for transactions, what more if the whole world uses bitcoin. I'm afraid that the current system that handles every transaction is very far from being capable of handling a massive number of transactions. This needs a lot of improvements and attention.

[SamMurphy]

What would be a beginning for a better world. The economy would be more stable and the price of BTC would be too. And it wouldn't  be easy for someone to steal money because the system would be way more safe. And everyone will know that there are only 21M btc to use, and this is a way for nobody to ''make'' more money.

[Winner]

If everyone in the world used Bitcoin then I would think that the price of Bitcoin would get pretty high. With a huge amount of people trying to purchase the coin to purchase other things with it and receiving a discount on things just by using Bitcoin will cause the price to go up really high each day.
I would also think that the transaction speed would be improved because of the amount of people carrying and spending Bitcoin.

[zeze18]

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.

I hope everyone is using bitcoin as a means of transaction and if it happens will be good for the growth of bitcoin,
but to realize it will take a long time.

[dearbesz1219]

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.

If all nations will use bitcoin as their mide of payment if their government will accept it  wholeheartedly, it will surely the value of bitcoin will increase together with the demand of the bitcoin users.

[Creepings]

if all the nations used bitcoin with our current system, I think we will be doomed, there will be a lot of unconfirmed transactions, many users will be dissapointed, and many users will eventually convert to altcoins that is better than the transaction of bitcoin. We need bigger blocks and quick confirmations. Maybe it will happen if a fork will be implemented, I mean after a fork is. Maybe a soft one, but not a hard one.

[KingdomHearts]

if all nation of the world start to use bitcoin then we can easily use for direct shopping and online shopping and bitcoin going to more advance currency in the future.

[MyIdeas]

then it will be a golden age for bitcoin the price will reach to the sky and every early investor will be a millionaire even with one bitcoin investment. The issues of blockchain will not be a problem as then major entities will involve to work for that technology and they will find out the solution.

[wahb]

What would be a beginning for a better world. The economy would be more stable and the price of BTC would be too. And it wouldn't  be easy for someone to steal money because the system would be way more safe. And everyone will know that there are only 21M btc to use, and this is a way for nobody to ''make'' more money.

to me i think that is the future of bitcoin. although it will take such long time as still only 1 % people of the world are using bitcoin but we can see that the users of bitcoin are continuously increasing.

[erickkyut]

If all the nations of the world started using Bitcoin I think the worldwide government will have no choce but to accept Bitcoin. By that time there will be issues if Bitcoin will be the universal currency or not. Also, the valie of Bitcoin might rise to mountain due to it's demand.

[TastyChillySauce00]

If all the nations of the world started using Bitcoin I think the worldwide government will have no choce but to accept Bitcoin. By that time there will be issues if Bitcoin will be the universal currency or not. Also, the valie of Bitcoin might rise to mountain due to it's demand.

Why there's no choice? I guess that if the world started using bitcoin it's might be only for an alternate currency and not for the main currency unfortunately, though, not accepting bitcoin will not affecting the economy that much, or even don't affect at all.
If the government sees that bitcoin could be a threat for them, they simply refuse, that's it.

[DoublerHunter]

What would be a beginning for a better world. The economy would be more stable and the price of BTC would be too. And it wouldn't  be easy for someone to steal money because the system would be way more safe. And everyone will know that there are only 21M btc to use, and this is a way for nobody to ''make'' more money.

to me i think that is the future of bitcoin. although it will take such long time as still only 1 % people of the world are using bitcoin but we can see that the users of bitcoin are continuously increasing.

The population of bitcoin users are now keep increasing, you are right that 1% of the people in the world or more use bitcoin as of now and it will continue to rise if we will just keep being active in this forum and any bitcoin community site and also keep promoting bitcoin until its popularity will be enough for bitcoin to stand alone and keep growing.

[Dem-artini]

then it will be a golden age for bitcoin the price will reach to the sky and every early investor will be a millionaire even with one bitcoin investment. The issues of blockchain will not be a problem as then major entities will involve to work for that technology and they will find out the solution.

Yes, it will very well raise the price of bitcoin and give an opportunity to become millionaires to those who bought coins at the very beginning.

[CraigWrightBTC]

then it will be a golden age for bitcoin the price will reach to the sky and every early investor will be a millionaire even with one bitcoin investment. The issues of blockchain will not be a problem as then major entities will involve to work for that technology and they will find out the solution.

Yes and bitcoin will become global currency in the world because of all of countries adopt bitcoin in their countries
the fiat currencies will be useless because of bitcoin,
 the peoples will have stable value if out their whealty in bitcoin because there are not inflation in bitcoin
and will many people consider bitcoin is new gold.

[witsie]

yes .. gold and bitcoin are similar in appearance as being mined and being standards (valuable). block is nugget ...
maybe crypto is just try to go back to stable golden standard, the pretence was that crypto will equalize society members
the civilization is organized as a big pyramid, similar to a large ponzi scheme, where upper part is exploiting lower part
the god is trying to lay the pyramid down, as well as national barrel to tear down, to leave people to sneak out to divine universalism ..
but every liberation is dangerous, it can unleash various strange and devious forces ..
this fiat money is made from thin air and debts .... btc is made by algorithm ...
divine money can be generated only by activation of goodness with help of god .... so, god help us

[Wowcoin]

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.

Thats really great if every country started to use bitcoin its very easy to do transfer money in othef country using bitcoin. We don't need to go fall in line to pay your bill in just one click to your bitcoin Wallet you can pay all your bill. Hope it will be happen.

[jc89]

What would be a beginning for a better world. The economy would be more stable and the price of BTC would be too. And it wouldn't  be easy for someone to steal money because the system would be way more safe. And everyone will know that there are only 21M btc to use, and this is a way for nobody to ''make'' more money.

to me i think that is the future of bitcoin. although it will take such long time as still only 1 % people of the world are using bitcoin but we can see that the users of bitcoin are continuously increasing.

The population of bitcoin users are now keep increasing, you are right that 1% of the people in the world or more use bitcoin as of now and it will continue to rise if we will just keep being active in this forum and any bitcoin community site and also keep promoting bitcoin until its popularity will be enough for bitcoin to stand alone and keep growing.

Seriously? 1% of the total population in the world is using bitcoin? The total number of bitcoin users is so much far from the 1% you are saying. What do you think is the 1% of the world's population? There are more than 7 Billion people in this world and the 1% of 7Billion is 70 million. The number of bitcoin user is not even near 10 million so from where did you get that statistics of yours?

[VTCutch]

What would be a beginning for a better world. The economy would be more stable and the price of BTC would be too. And it wouldn't  be easy for someone to steal money because the system would be way more safe. And everyone will know that there are only 21M btc to use, and this is a way for nobody to ''make'' more money.

to me i think that is the future of bitcoin. although it will take such long time as still only 1 % people of the world are using bitcoin but we can see that the users of bitcoin are continuously increasing.

The population of bitcoin users are now keep increasing, you are right that 1% of the people in the world or more use bitcoin as of now and it will continue to rise if we will just keep being active in this forum and any bitcoin community site and also keep promoting bitcoin until its popularity will be enough for bitcoin to stand alone and keep growing.

Seriously? 1% of the total population in the world is using bitcoin? The total number of bitcoin users is so much far from the 1% you are saying. What do you think is the 1% of the world's population? There are more than 7 Billion people in this world and the 1% of 7Billion is 70 million. The number of bitcoin user is not even near 10 million so from where did you get that statistics of yours?

Yes. Users bitcoin is much more. For all of its existence, it has gained popularity with many people.

[Wesimon]

What would be a beginning for a better world. The economy would be more stable and the price of BTC would be too. And it wouldn't  be easy for someone to steal money because the system would be way more safe. And everyone will know that there are only 21M btc to use, and this is a way for nobody to ''make'' more money.

to me i think that is the future of bitcoin. although it will take such long time as still only 1 % people of the world are using bitcoin but we can see that the users of bitcoin are continuously increasing.

The population of bitcoin users are now keep increasing, you are right that 1% of the people in the world or more use bitcoin as of now and it will continue to rise if we will just keep being active in this forum and any bitcoin community site and also keep promoting bitcoin until its popularity will be enough for bitcoin to stand alone and keep growing.

Seriously? 1% of the total population in the world is using bitcoin? The total number of bitcoin users is so much far from the 1% you are saying. What do you think is the 1% of the world's population? There are more than 7 Billion people in this world and the 1% of 7Billion is 70 million. The number of bitcoin user is not even near 10 million so from where did you get that statistics of yours?

Yes. Users bitcoin is much more. For all of its existence, it has gained popularity with many people.

I think you clearly did not understand that discussion. jc89 there claims that the number of bitcoin users is less than 1% of the total population and now you claim that the number of bitcoin users is more than that. And your reply was even out of the discussion. What gives man?

[xIIImaL]

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.

Thats really great if every country started to use bitcoin its very easy to do transfer money in othef country using bitcoin. We don't need to go fall in line to pay your bill in just one click to your bitcoin Wallet you can pay all your bill. Hope it will be happen.

However, it is good to hear right buddy. If you able to use the bitcoin in paying for bills, gasoline, electricity and other utilities means then the bitcoin is centralized and we can use bitcoin are everywhere. From this year starting there is lot of news about bitcoin and block chain technology adoption.
I hope bitcoin to be centralized and price more than 10000$ very soon.