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Author Topic: Bitcoin world currency  (Read 5240 times)
nidacoinlove
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April 24, 2018, 04:01:27 PM
 #481

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

Well, it's quite good idea. it can be possible when entire world accept Bitcoin as we know few country is not accepting Bitcoin. So, until the entire world doesn't accept either it is not possible.
Yes and no country would like it to be like that. Currency is the identity of the country and its people.

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tumokatok
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April 24, 2018, 04:20:11 PM
 #482

This is our hope all, now the centralized system is not in accordance with the problems we experience, so it is time the world think to get better that is with decentralization system like bitcoin.

more precisely for now this bitcoin is a digital asset instead of a currency. Less suitable if later bitcoin in the call money. the nature of money does not represent bitcoin
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April 24, 2018, 04:35:10 PM
 #483

It would be possible i think. But it will take a long way.
GamingBro
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April 24, 2018, 04:39:52 PM
 #484

People can use bitcoin all over the world today but in many countries it's impossible because of government. When bitcoin would be acceptd everywhere the new economy era will begin.

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April 24, 2018, 06:09:52 PM
 #485

Yeah, I’m not too concerned about BTC becoming a world currency. It’s a new type of bankless credit card but it is still only valuable when it exchanges for fiat. At the end of the day you are spending electricity to hash a code and you can’t force the rest of the world’s population to take your code and give you food and gasoline if they don’t want to.

Also, guess what happens when people feel excluded or controlled by a system....they break out and create a new one. Just the same way you are challenging the banks and stock market built over the last hundred years....your kids will ignore your bitcoin wealth and create some other stupid new fad to evade your outdated system.
Wasaisisi
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April 24, 2018, 06:10:39 PM
 #486

I think for people here is the hope if bitcoin becomes the World Currency, but it must be very difficult and impossible to realize it. Because each country must have its own policies and rules. Then there are still many countries that have not received bitcoin, it will definitely hamper.
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April 24, 2018, 06:17:23 PM
 #487

I do not know, bitcoin has big problems with scaling. In addition, the speed of transactions is now inferior to existing standard transfers.

darkedelf
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April 24, 2018, 06:41:22 PM
 #488

I guess.Unfortunately, we can not use bitcoin to buy goods in all countries, as in some countries it is simply banned, and in many countries there is no way to make purchases with it.
Gila uang
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April 24, 2018, 07:42:05 PM
 #489

your thinking is pretty good, but it is not possible to buy commodities around the world using bitcoin, because this is what governments fear in almost all the world, people are starting to leave fiat money in the real world and start switching digital currencies. the core bitcoin can not be controlled there are many weaknesses but many also have advantages


I think they will work together pretty well though, the fact it's international is really great and it's a lot easier than international bank transfer etc ... because the law is defined in the coins itself rather than some different countries are confusing each other.
No country will adjust it (or alt) as their official currency, fiat still holds many real world benefits.
dev9t9ok
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April 24, 2018, 07:58:06 PM
 #490

It is impossible in near future I think but it may be in far future. Why not?! Whether it will be bitcoin or an other coin.
PalindromemordnilaP
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April 24, 2018, 08:25:38 PM
 #491

I think it's really hard for the cryptocurrency especially bitcoin to be the world's only currency to be used due to the fact that bitcoin can not be used or can be transacted on the blockchain if there is no internet connection.

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April 24, 2018, 08:27:09 PM
 #492

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

Bitcoin will not be the world currency in the future since not all the people who are living in different countries has the capability of earning cryptocurrency and some of the people still hate cryptocurrency because of its volatility in the market.

sebuh lemaratos
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April 25, 2018, 12:33:23 AM
 #493

it's possible that the whole world accepts the existence of bitcoin, but bitcoin has to fix some things like speed of transactions and overpriced fees
Lexurdania
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April 25, 2018, 12:58:25 AM
 #494

I think it's really hard for the cryptocurrency especially bitcoin to be the world's only currency to be used due to the fact that bitcoin can not be used or can be transacted on the blockchain if there is no internet connection.

Its almost impossible bitcoin become world currency. Its because bitcoin have limited supply and not many people knowing about cryptocurrency. Adaption on cryptocurrency will take long time because internet insfrastructure for some country is luxury facilities

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April 25, 2018, 01:04:29 AM
 #495

is it possible that we can use bitcoins in buying all commodities not only in one country but the entire wold? and how will this affect the economy.

Bitcoin can be our world currency only if the government of different countries will allow it as well because its not to simple to migrate from a currency to another currency since the prices are all different.

MakLampir
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April 25, 2018, 02:38:13 AM
 #496

I think it will be difficult and bitcoin unlikely to serve as a world currency because of all the people or society has not yet learned of the bitcoin and must adapt to first introduced it. But if bitcoin as payment or online transactions that would likely occur in addition to payments with real money. In addition user bitcoin also less compared with the world's population, bitcoin would be great made as personal assets.
beezare
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April 25, 2018, 02:39:11 AM
 #497

I think, bitcoin has become the world's currency because all countries are already using it and we can use bitcoin around the world although there are some countries that prohibit and not accept bitcon to be the official currency
Fatimah Azzahra
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April 25, 2018, 07:34:35 AM
 #498

maybe the future will be realized also according to what you say, but for now still can not, because it still needs penyesuain in terms of payment methods in the economy and there are still some people from the bottom who still do not know bitcoin.
mauriek
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April 25, 2018, 08:18:32 AM
 #499

I think, bitcoin has become the world's currency because all countries are already using it and we can use bitcoin around the world although there are some countries that prohibit and not accept bitcon to be the official currency
No, not all countries using Bitcoin and I think Bitcoin will never become a world currency because there are still many people who don't know  yet about Bitcoin properly. They're not have the good knowledge about Bitcoin.


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pendekar cinta
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April 25, 2018, 09:06:09 AM
 #500

When viewed from now bitcoin is very possible to be utilized as one of the tools of the transaction in the future however,the role of government is needed to provide a sense of security for the users when they want to do various buying and selling.

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