Bitcoin world currency

[xuan87]

I think it is possible to used Bitcoin to purchase anything from all over the world that was the purpose of Bitcoin being created, but it is not that simple, we still need time to persuade people to used Bitcoin, we need to prepare Bitcoin to be able being used in global transaction without any problem, so Bitcoin still need time to be a perfect world currency

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[NathanJB]

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.

It is possible but not in the next couple of decades. There is only a very small percentage of bitcoin users as compared to the world's population. It is beginning to be famous but more as an asset or a precious possession rather than a payment stuff like money.

[Oo ako to]

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.

It is possible but not in the next couple of decades. There is only a very small percentage of bitcoin users as compared to the world's population. It is beginning to be famous but more as an asset or a precious possession rather than a payment stuff like money.

I think we are almost there and we are in the middle of the road before we reach our destination. It's just a few more challenges on bitcoin before it makes it way to it's full objective which is to be used by all countries.

[cafucafucafu]

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.

Slow down, right now we don't need that. Bitcoin right now is mostly classified as an investment that can be spent and do other things. Bitcoin users are only a small amount of the world and we need to make sure everyone understands bitcoin and most importantly, uses it for it to grow in popularity, price and then we have a chance of this happening.

Some countries still have not legalised bitcoin yet, and when they do, they need to implement new laws mostly related to taxing bitcoin and some countries still dislike bitcoin.

[pitham1]

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.

It is possible but not in the next couple of decades. There is only a very small percentage of bitcoin users as compared to the world's population. It is beginning to be famous but more as an asset or a precious possession rather than a payment stuff like money.

I think we are almost there and we are in the middle of the road before we reach our destination. It's just a few more challenges on bitcoin before it makes it way to it's full objective which is to be used by all countries.

We are almost there?? What can you buy with bitcoins in today's world? Almost nothing.
It is a niche currency used for internet transactions, We have a long way to go before bitcoin starts being considered a world currency.

[ethereumhunter]

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.

its possible but for now, i think its not possible because there still many country not accepting bitcoin and only the people is using bitcoin for their daily life. if one country have applied bitcoin for their citizen and there is many local store accepting bitcoin as a new currency, maybe another country will applied too so bitcoin can be world currency.

[olushakes]

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.

its possible but for now, i think its not possible because there still many country not accepting bitcoin and only the people is using bitcoin for their daily life. if one country have applied bitcoin for their citizen and there is many local store accepting bitcoin as a new currency, maybe another country will applied too so bitcoin can be world currency.

The possibility of this happening is not something I am seeing happening not now, not in the future only if its limited to individual transactions and not on marketable level because for the world over acceptance to happen, then it means that the it should be adopted by the whole countries which is something I don't see it happening because currencies of individual countries represent their identities and to let go of such high value identity will take more than conviction.

[Altero]

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.

It is possible but not in the next couple of decades. There is only a very small percentage of bitcoin users as compared to the world's population. It is beginning to be famous but more as an asset or a precious possession rather than a payment stuff like money.

I think we are almost there and we are in the middle of the road before we reach our destination. It's just a few more challenges on bitcoin before it makes it way to it's full objective which is to be used by all countries.

We are almost there?? What can you buy with bitcoins in today's world? Almost nothing.
It is a niche currency used for internet transactions, We have a long way to go before bitcoin starts being considered a world currency.

Bitcoin now is on the road to be legal in other countries, its already started to used for some transactions through online. But being a world currency its not possible but maybe it takes a years to happen. But a big chance that bitcoin may happen  is that of being one of the world currencies used worldwide as all the countries embraced the new development in terms of currencies

[matuson]

I still believe bitcoin world currency. The Internet knows no borders, and bitcoin too. I don't need to wait that it was legalized. Me now everything is OK. Why to change something? Are you sure that bitcoin will be the attractiveness after legalization? I'm not sure.

[eli77]

Nice question! Bitcoin can do that why not. Let us wait for that to happen. It needs support from the community.
I think there must be a worldwide campaign and Orientation to every nation down to their local cities.

[IvanPont]

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.

To my mind, now while yet it early to talk about bitcoine, as about world currency. Although some purchases in the internet shops personally I already did with his help. We will look, as this currency will declare oneself in by the future. Hurrying is not needed.

[Servalead7]

Honestly, people need full knowledge about Bitcoin & Blockchain for now.
Especially to those areas who don't have access to internet because of poor signal.
We, the members of Bitcointalk.org must spread the crypto news and orient more people.

[L00n3y]

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.

I think this will be along process, since countries have their own currency but its not just that, every currency has its own history and justifies the sovereignty of that country. Making it impossible for cryptocurrency to fully replace the existing currencies of countries.

I don't know how long, but this is a guaranteed long process with a lot of opinions hearings and backfires on both sides. We all know that bitcoin is as high as ever and this is unstoppable, august one is like the fire that ignites this whole process and I think even some politicians and businessmen are rethinking and reconsidering their views about cryptocurrencies.
Going 5000 dollars or 10k dollars is not a dream because it already reached 3000 dollars that others thought that it is impossible to achieved.

When it comes to currency I think bitcoin is best suited to be a world reserve like gold.

[Nahl]

maybe it will able in the future but we as the bitcoin users have to spread usefull informations regarding cryptocurrency and the advantages using it but the process might be will very long because some of issue regarding bitcoin still unsolved however i had a dream that someday bitcoin will able to lift economy the particular countries

[pitiflin]

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.

Global currency is an amazing thing but yeah it ain't gonna be implemented for at least 10 years . Bitcoin has transaction fees , why don't you convert bitcoin to normal currency and buy whatever you want,it's not necessary that you need to use bitcoin only for buying what you need is it? And as I said it needs to be implemented for it to affect the economy,so let's wait and see.

[BTCbengi]

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.

We can buy goods in many parts of the world by Bitcoin but we can only buy in countries where Bitcoin is accepted or legalized. But most of the time, we all have to pay Bitcoin by scanning the QR code, so i'm expecting something like a VISA card

[DIAH PERMATASARI]

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.

They are very much looking forward to this development, that is the reason they are implementing many solutions to bitcoin problems today. Now many transactions problems use bitcoin.

[Kray]

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.

This is very possible at all, for now actually payment using bitcoin has begun in many countries, although not many. So we don't to worry about the future of bitcoin, as we knew many merchants are adopting bitcoin for payment.

How will this affect the economy?
It means that everyone has the opportunity to earn other income, of course this will alleviate a poverty in the country

[mackenzied]

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.

It has a great influence on the world currency, when a virtual currency increases in value, namely bitcoin, so many people will spend a lot of money to buy it, the value of bitcoin increases, market capitalization increases. , But the real money is gradually losing, a huge influence.

[mrcash02]

It will depend the platform you use to buy commodities, if they allow you to use Bitcoins you can do it, but as these platforms work regulamented by the countries I think it's not possible yet to use Bitcoins, maybe in the future. But there are many other good investments to make with Bitcoins.

To have effect over the economy the governments should use Bitcoin to buy commodities and because the volatility it's risky. Today BTC prices a lot, but tomorrow maybe the price can fall 10% or more. It's not good to keep the economy stable, so I think it's not very helpful at this moment...