Bitcoin world currency

[Willitivity]

Bitcoin has a long way to go in becoming world currency.
With the recent regulations and restrictions of Cryptocurrencies in most parts of the world, that's another hurdle that Bitcoin needs to jump.
Also, there have not been a massive adoption of Bitcoin by the people.

[posi]

Your idea of having a currency which allows anybody arround the world to buy and sell using bitcoin is good. I think its happening already, we can see it where different people are offering diferrent service and goods.  Seeing how bitcoin works now, I think bitcoin is pretty good functioning along side with other currencies. I  think we can already call bitcoin  as "world currency" . But we are still on the process on making bitcoin available to all kinds of commodities, we cant rush it to happen. It is now under the development, then I think the countries part is to take their action how to apply tax with their people using bitcoin. Regulation is the part of the government to make the economy better alongside with bitcoin.

It seems to me that you are in a hurry. Bitcoin still not be called a currency. He has all the characteristics of currency. Indeed there are some places where you can pay with bitcoin but they are too few. Everything is still in order to make a purchase need to exchange bitcoins for Fiat.

For now bitcoin is still a form of a digital product and not a currency yet, and some of us here really are rushing out for this. Keep calm and don't let it to come immediately, because it will really take more time becoming world's currency. The whole world might not ready for this, since internet capability on all nations wasn't yet available in every remote area around the world.

That's a guess, isn't it? Because bitcoin has already become world electronic currency since it been use in the North America, South America, Asia, Oceania, Africa and the Australia. But the only which is yet to ramper is the bitcoin bitcoin and store owner collecting it as a means of payment.

[YTBitcoin]

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 someday be accepted in all countries, and bitcoin will affect the economic sector.

The economy of a country will increase if people are able to increase purchases in various sectors, and bitcoin has helped increase people's incomes so that people's purchasing power increases.
I can not make a good percentage but this is a direct observation and I see it myself.

In coming future economy will be depending on bitcoin and all this will happen within some of years and practically we can differ in economy of those countries who are using it and those who are not, bitcoin has a potential to give profit and business to the region and no one can deny its importance and it will be world currency soon and people will demand it as its popularity and progress will be increased.

[Yamifoud]

It think every country will have its own coin. And major cities might have their own coin also, as well as individual provinces/states.

Yes, all countries have their own local money but bitcoin could be in general because no matter of what country you come from, bitcoin is just bitcoin unless converted into local currency. But because of bitcoin limitations in any transactions that's why it could not become a world currency. If bitcoin would be accepted in local transactions, it is possible.

[Hotel_Prodeo]

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.

[ivanst776]

In my opinion there's nothing impossible.. if we look day by day, bitcoin is getting stronger and than the prices of bitcoin is getting rise up. If many countries are legalizing bitcoin as a means of payment. Maybe in the future bitcoin Will can be world currency..

A whole lot of countries are trying to consider it, some are apparently still feeling threatened on the effect it would have on the fiats.

Over time, as few countries start adopting and utilizing it, other countries will definitely start using those countries as a case study and seeing how far it is fairing, and with this, the huge and gradual adoption will start stepping in, but this will take some time.

[Monnt]

I think it will take much time to do that one. The first thing to do is that people must know first what is bitcoin, how can it be used and many more related about bitcoin. Because in that way if most people know bitcoin usage it will be easy to adapt on that kind of scenario on bitcoin. But I am positive that it will be implemented worldwide and I am always hooping that it will happen so soon.

Actually it is not a very difficult job. All countries are spending too much money to print money, they can use these money better. When countries are aware of this, bitcoin may be the only common currency in the world.

Governments of all countries are not complaining about the fact that they are using too much money to print money. The fact remains that as long as bitcoin cannot be controlled, there are some cabals that won't just allow it to take over the main fiat of each country without a huge fight that I am pretty sure even bitcoin cannot win.

Eventually, it will ball down to the community growing stronger and still going ahead at least with what we have. Having it as an extra payment method alongside the what we already have is not a problem, it will just depend on each person's preference as time goes on.

[EddyGameta]

yes, we can use it to shop worldwide but not all sellers accept Bitcoin, well many have accept Bitcoin but there are more who don’t and still afraid. maybe in few years when Bitcoin is more famous and many governments are starting to accept Bitcoin I think your question will be answered loudly "YES!"

[Milo_Kidd]

It think every country will have its own coin. And major cities might have their own coin also, as well as individual provinces/states.

Yes it will possibly happen. There's a lot of coin. And I think if the world will have the currency for bitcoin is the suitable one. But it is possible also that every nation will have there own digital money. We cant tell what future brings.

[atc1-REAL]

I don't think that Bitcoin can become world currency  as Bitcoin can not work offline which simply makes it unsuitable for everyday transactions. Moreover, Bitcoin transaction are not as quick as paper money transactions are. It can be used in a limited sense as it is being used now,but no one will use it for large transactions just yet.

[crazycatwoman03]

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 we don't need tor rush right now. The reason they are implementing many solutions for the issues of bitcoin is that they are looking forward to these developments. I think it will be possible after years of finding solutions to the problem of transacting and using bitcoin. In terms of economy, I think bitcoin is helping the economy of one's country because bitcoin are creating new millionaires to people.

I agree with you, the bitcoin now is not so powerful to compete in other demand currency. It is possible to become a world currency, need time and more develpoment of bitcoin is needed, because it is not so popular now. Need first of many user and legalise around the world. With the huge value of price it has ability to compete and use by the people, I'm sure if some people discover the benefits of bitcoin it will also accepted by other people and also the stores.

[DaftAjax]

It think every country will have its own coin. And major cities might have their own coin also, as well as individual provinces/states.

Do you take cryptocurrencies are just like mere Fiats? You are treating those so lowly mate. You seem to have not enough knowledge in the these digital currencies. These cryptocurrencies are available all over the world (mostly), then how could you address that there will be certain coins for certain areas? That is just stupid, I mean the main concept of these coins is to be available wherever and whenever you are. That just the plain truth about it, maybe you should be familiar with the coins first.

[wxa7115]

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 going to be very difficult for bitcoin to reach that level of adoption, but if it came to that point I think bitcoin will be able to help the world by having a common currency between buyers and sellers all around the world, this will create less friction in the economy, and a lot less money is going to be lost when you exchange currencies.

[Farma]

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 going to be very difficult for bitcoin to reach that level of adoption, but if it came to that point I think bitcoin will be able to help the world by having a common currency between buyers and sellers all around the world, this will create less friction in the economy, and a lot less money is going to be lost when you exchange currencies.

in fact, it is still very difficult for bitcoin to reach that level. because, in it there are still many comments that do not fit with the thinking of people. either because it makes the workforce little or no. but there are still some countries that do not recognize bitcoin as a currency

[cryp24x]

It think every country will have its own coin. And major cities might have their own coin also, as well as individual provinces/states.

Lol this will bring confusion, a single digital currency is enough for a country.  Creating much more will result in confusion and extra expenditure.  Bitcoin will always be an alternative because government won't accept Bitcoin since they have no control for it.  Aside from that, Bitcoin is transparent and government want secrecy.

[setupbounds]

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.

Long long time to see these things coming in application. Government intervention and high network fees are some more obstructions is success. We can say it the virtual world currency but its difficult to say that it would become a real world currency accepted unanimously.

As in the statement above bitcoin being a world currency won't happen in the short. This happens with Time and as a part now the usage of bitcoin as a currency keep on increasing. At present it's purely an world currency, because of the varied features from the traditional fiat.

Bitcoin is already a world currency at the moment. People are frequently using bitcoin for international transactions, moreover bitcoin is legal in many of the developed countries. So I don’t see any point in not treating bitcoin as world currency. If you want bitcoin to be legalized around the globe, definitely this is going to take some time because some countries are still afraid of bitcoin.

[carlerha]

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.

Long long time to see these things coming in application. Government intervention and high network fees are some more obstructions is success. We can say it the virtual world currency but its difficult to say that it would become a real world currency accepted unanimously.

As in the statement above bitcoin being a world currency won't happen in the short. This happens with Time and as a part now the usage of bitcoin as a currency keep on increasing. At present it's purely an world currency, because of the varied features from the traditional fiat.

Bitcoin is already a world currency at the moment. People are frequently using bitcoin for international transactions, moreover bitcoin is legal in many of the developed countries. So I don’t see any point in not treating bitcoin as world currency. If you want bitcoin to be legalized around the globe, definitely this is going to take some time because some countries are still afraid of bitcoin.

Bitcoin is world currency in the sense, that bitcoin users are present throughout the world. In fact bitcoin is more pupular in such countries where they have more facilities of using internet and can afford to use bitcoin for online shopping and online business. Bitcoin users are more active in developed countires as they have more facilities to use bitcoin for different purposes  as compare to backward countries.

[syarifudin]

Yes functionally bitcoin has become the world currency because it can be accessed in various countries for both payment transactions and business purposes, although the legality of bitcoin is not yet fully legal for them but this isn't an obstacle in doing bitcoin transactions.

[Yarsk]

It is possible and will be achieved in the nearest future cause every invention first exist as a dream.
Even bitcoin we are using today was once somebody's dream and hard works and now is reality, it will be possible to use bitcoin to pay for every commodity in all countries of the world but it will take a very long time before that dream can become reality.

[BITDV]

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.

no, not all merchants and sellers accept payment using Bitcoin, it’s still not so well known and the news out there also influence their opinion on Bitcoin