What if all nations of the world started to use bitcoin

[Juggy777]

It would be a dream for some while nightmare for some countries as the cheapest electric ones shall rule the market Share. It would create many issues and most of all tax issue's. The chances are less but Japan Bitcoin law is in action. Let's hope more of it inspires other countries to bring Bitcoin in the system. Wait and watch I would say, we can't even be sure if it will ever come.

[iqlimasyadiqa]

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.

This of course will make bitcoin price increases. we can see the movement of the growing number of transactions. Imagine going to the accumulation of the transaction, I am concerned if the process bitcoin delivery time will be slower.

[CraigWrightBTC]

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 every countries starts use bitcoin will be impact on price of bitcoin goes up and there are other problem as you said block size, but if all of countries use bitcoin all of comunity bitcoin will make solution for this problem, they will not debate any more like now. They will be focus search the solution together, actually I am waiting this moment all of countries adopt bitcoin.

[Xester]

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 countries in the world started to use bitcoin then the problem on supply will be covered up by the increasing value. And the problem on mining capacity will no longer be a problem since bitcoin mining farms will appear throughout the world and in large numbers thus even if the blocksize is small it will be compensated by the number of miners and their hashpower.

[Shenzou]

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 countries in the world started to use bitcoin then the problem on supply will be covered up by the increasing value. And the problem on mining capacity will no longer be a problem since bitcoin mining farms will appear throughout the world and in large numbers thus even if the blocksize is small it will be compensated by the number of miners and their hashpower.

Well that is not going to happen because the bitcoin supply is limited which means if more popele try to mine and get as much bitcoin as they can means that will be no more bitcoin to cover the needs of the world and this leads to bitcoin becoming a rare thing that not everyone got and its price becomes more and more higher as time goes on.

[vantyzz]

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 countries in the world started to use bitcoin then the problem on supply will be covered up by the increasing value. And the problem on mining capacity will no longer be a problem since bitcoin mining farms will appear throughout the world and in large numbers thus even if the blocksize is small it will be compensated by the number of miners and their hashpower.

Well that is not going to happen because the bitcoin supply is limited which means if more popele try to mine and get as much bitcoin as they can means that will be no more bitcoin to cover the needs of the world and this leads to bitcoin becoming a rare thing that not everyone got and its price becomes more and more higher as time goes on.

I agree with you. If all nations take bitcoin, then the price will be much higher. At the disposal of each person there will be only a few satoshs. And who will have the whole bitcoin, they will become real rich people

[mindrust]

Obviously, Bitcoin's price would skyrocket

But since nobody knows who the hell Satoshi Nakamoto is and how many bitcoins he holds, no country will acknowledge bitcoin officially. Countries have their centralized FIAT currency so they can have control over their currencies by the central banks.

They won't sign up for any shit which they won't be able to control.

[Conasse]

if every country started to use bitcoin, be sure the current price won't be the same, as well the trading volume 

[danherbias07]

For now, I think developers should find a way to make transactions faster.
We are not even in the 20% of the world's population and yet the traffic at the transactions is so heavy. What more if you put the whole world into using it. That would chaos and they wont agree with that kind of service.  I am thinking more about all the bitcoin have been mined and that is where the start of project developments.

[ubercool]

if every country started to use bitcoin, be sure the current price won't be the same, as well the trading volume 

I think most of the countries have already started using Bitcoins. You only need the internet to use Bitcoin, that's all. Even if you don't have a local exchange, you can always buy stuff over the internet and get them shipped to your country. 

[Astvile]

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 this would happen there are many possibilities and things may happen.One is bitcoin price will decrease due to increase in supply and small demand on buying.Second is bitcoin will be one of the fiat or real currency in the world if all countries will adopt and use bit coins

[layoutph]

Thanks for the response guys so therefore we can conclude that Bitcoin can handle even the whole number of people of the world use bitcoin. And the price of Bitcoin will either increase or decrease?

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 this would happen there are many possibilities and things may happen.One is bitcoin price will decrease due to increase in supply and small demand on buying.Second is bitcoin will be one of the fiat or real currency in the world if all countries will adopt and use bit coins

[rajasumi3]

If all the nations in the world start using bitcoins then there will be no government or banks at all .
Well this is never gonna happen as government will never want to lose their power over their people.

[lionheart78]

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.

Adoption will not happen overnight.  Definitely Bitcoin will adapt whenever there is some need on improvement, it may take some time due to the need of consensus but eventually it will upgrade.  About the supply of bitcoin, definitely it can handle every bitcoin user.  It is only a code if there is a need to divide satoshi then it can be done by the developer.  Though one thing for sure Bitcoin price will really go up.

[Daniel91]

It will never happen, forget about it.
Bitcoin can't be regulated by the governments and it's only alternative, virtual currency.
In the world, people have possibility to use many different currencies, and each currency have certain purpose or role.
You will receive salary in local currency and spend  it for mortgage, daily expenses etc.
If you go abroad, you will need international currency as US dollar, Euro, Swiss Franks etc.
Bitcoin will always remain alternative way for online and offline payments, decentralized and without government or bank control.

[Vaskiy]

If all the nations in the world start using bitcoins then there will be no government or banks at all .
Well this is never gonna happen as government will never want to lose their power over their people.

As stated such situation never prevail as well governments won't support it. If it happens entire population cannot afford bitcoin because even a single Satoshi will be more precious. The people who have a single bitcoin doesn't need any more earnings for a luxury living.

[xuan87]

I will doubt it will be enough, when people spend it everyday then it maybe enough coin for everyone, but when a lot of people keep it then it can be problem, the price will be very unstable if all nation and everyone used it, it will be great if some people used bitcoin and alt coin, it will balance the price and we will have a backup coin

[Blackdeath]

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 all depends on what it is that they start to actually use Bitcoin for. For example, if every country started to use Bitcoin as a means to store value (in the same way gold is viewed now) then chances are the price would rise decently, but not dramatically.

If all countries started to use Bitcoin as their primary currency, then the price would become irrelevant. Bitcoin would become -the- currency, and everything would just be based around a quantity of Bitcoin. For example, in this scenario, a house might end up being 0.00004 BTC, since there's a 21m cap and everywhere uses it, meaning a few trillion (if now quadrillion) dollars of value now have to be contained in 21m highly divisible coins.

The blockchain would likely not operate very well in the later scenario.

Your point of view about the possibility is quite logical indeed. The whole nation can used bitcoin because we are living of the day whose technology is widely breached all the possibilities in the world especially the developing country. But there is many way to used bitcoin. If the demand increased there is a possibility that the price may increased or dump on the same way people always uses it on a daily basis. But if they used it as an investment and do a proper hold and usage a good future may take place through bitcoin.

[Gembul]

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 with a limited number of bitcoin when it is used in many countries it will make bitcoin prices keep going up. And it is profitable for those who buy bitcoin today. But later in the end will be like currency in general bitcoin prices will be stable, and it certainly makes me as trader cant get big profits. And in the end bitcoin will only be used to pay or buy something, such as money in general. Thank you

[TastyChillySauce00]

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 with a limited number of bitcoin when it is used in many countries it will make bitcoin prices keep going up. And it is profitable for those who buy bitcoin today. But later in the end will be like currency in general bitcoin prices will be stable, and it certainly makes me as trader cant get big profits. And in the end bitcoin will only be used to pay or buy something, such as money in general. Thank you

The flexibility of bitcoin amount makes bitcoin can be torn apart without limits, and if many people are using bitcoin and make the demands increase, the result is the price pumping and the increasing value of each satoshis, I guess that if every country with all their citizens starting to use bitcoin, satoshi unit will be more often be used to determine how much bitcoin they are currently owning rather than BTC