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cryptonoob312
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November 05, 2017, 12:23:38 PM |
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it already is, however only between geeks and crypto-lovers.
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mammoniter
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November 05, 2017, 12:51:31 PM |
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Can bitcoin be the world's currency?
It think not because the total number of coin is capped and it would have a hard time supplying it worlwide though I believe that there is a great possibility for bitcoin to be the main currency used worlwide in every internet transactions and most services. Each world's currencies has history backing it up and it carries its national identity in the market and economy status which I think is another barrier if bitcoins was to be classified as a world currency unless every nations become one then maybe it may really happen in the future. |
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LogitechMouse
Legendary
 Online
Activity: 2436
Merit: 1036
Chancellor on brink of second bailout for banks
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November 05, 2017, 02:41:47 PM |
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For me it is a NO because bitcoin has only a 21 million supply and it will not be enough to use by all the people around the world. Unlike fiat money that you can produce anytime you like, if bitcoin reached the 21M its the limit. Another problem is the slow transaction. Some transactions if not all are too slow sometimes it takes many hour or days.
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Wilfrer
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November 05, 2017, 02:48:39 PM |
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I think it would be very hard for Bitcoin to become the world's currency if it was not corrected. The adjustment here is the decentralization, if you keep the essence of it, almost no one will be able to control or manage it. Since then the social evils are increasing, the economy is in serious crisis. So it may be a revolution to re-adjust Bitcoin or create a new digital signature that replaces it completely.
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trinhdinhthang20007
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Activity: 266
Merit: 10
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November 05, 2017, 02:52:22 PM |
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I think it would be very hard for Bitcoin to become the world's currency if it was not corrected. The adjustment here is the decentralization, if you keep the essence of it, almost no one will be able to control or manage it. Since then the social evils are increasing, the economy is in serious crisis. So it may be a revolution to re-adjust Bitcoin or create a new digital signature that replaces it completely.
That is probably inevitable. But with the digital age of today, the BTC becomes a world currency is entirely possible. |
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assyla
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November 05, 2017, 03:19:16 PM |
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Can bitcoin be the world's currency?
I think it is a big yes, bitcoin can be a world's currency because of its value and because of its popularity and everyone wants to use it just like me. |
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jc89
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November 05, 2017, 03:40:00 PM |
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Can bitcoin be the world's currency?
I believe so. Actually if you haven't noticed yet, btc can be considered a world's currency already. Wherever you are in the world it can be accepted by people who knows it and is also investing/trading in it. If you have bitcoins there's no need to worry wherever you go especially in a place that it is widely accepted. You don't have to go to a money exchange if you are in a different country that only accepts their own currency. It's only a matter of time for it to be officially considered as world's currency. But don't be confused here. My statements are solely for btc acceptance globally and not to replace any currency because that will really take too long to happen. |
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Masterio
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Activity: 42
Merit: 0
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November 05, 2017, 03:46:10 PM |
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I don't believe that it will be the main source of money, but it can be among the top ones.
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ThunderCatSteve
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November 08, 2017, 11:35:31 AM |
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Can bitcoin be the world's currency?
It think not because the total number of coin is capped and it would have a hard time supplying it worlwide though I believe that there is a great possibility for bitcoin to be the main currency used worlwide in every internet transactions and most services. Each world's currencies has history backing it up and it carries its national identity in the market and economy status which I think is another barrier if bitcoins was to be classified as a world currency unless every nations become one then maybe it may really happen in the future. It can be possible only when all countries legalize it and provide a stable connection of internet to the far flung areas of their land, educate people about bitcoin and let their institutions and restaurants and shops to accept in bitcoin, though bitcoin is easy to be transferred gives quick and high results but internet provision is necessary for all this. With its popularity and use the problem of internet will also be solved and then its golden era will begin in which bitcoin will lead all other currencies |
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mycryptobiz
Newbie
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Activity: 15
Merit: 0
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November 08, 2017, 12:06:35 PM |
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No absolutely not.
There will be always some people to oppose this .
Also what about other crypto currency ?
Like dash which is way more advanced than bitcoin if you see the technical side.
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dhka
Full Member
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Activity: 266
Merit: 101
The Experience Layer of the Decentralized Internet
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November 08, 2017, 12:30:38 PM |
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Not in the near future
We've been using fiat for a lot of decades, it is surely tough to beat
The other problem is bitcoin cannot be reissued unlike fiat, it will be to damn expensive as world population grows
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fianaindriati
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November 08, 2017, 12:35:29 PM |
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Can bitcoin be the world's currency?
I think it is a big yes, bitcoin can be a world's currency because of its value and because of its popularity and everyone wants to use it just like me. in my opinion, it could be bitcoin into world currency. but bitcoins have to face obstacles in the past as world currencies. |
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lenj
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November 08, 2017, 12:40:26 PM |
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Can bitcoin be the world's currency?
No. I dont think that bitcoin can really to be world currency. Bitcoin has big power i know, but its not enough to make it as the world currency. |
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khokon150
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November 08, 2017, 12:43:05 PM |
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Can bitcoin be the world's currency?
Possible but something it is very difficult at this moment.There are many debates about Bitcoin is legal or illegal i know it is not legal for all countries only some countries have got legitimacy my idea as much. |
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a4techer
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November 08, 2017, 12:48:00 PM |
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Can bitcoin be the world's currency?
I thought yes because when you research some of information someday you the cryptocurrency was declare one world currency which is we didnt use any hard copy money or any country money was remove and it change the cryptocurrency to be come a one world currency and every country using this kind of coins. |
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LigwagGanern
Member
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Activity: 307
Merit: 10
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November 08, 2017, 12:52:41 PM |
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Can bitcoin be the world's currency?
For me, bitcoin is a currency. But it will not become the world's currency, because I am sure that the government will not approve to become bitcoin a world's currency. Because bitcoin is an online currency or digital currency, it cannot touch by your hands only your online account (online wallet) can touch it. As long as bitcoin is TAX FREE the government will never approve to become it as the world's currency. |
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Flor1982
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November 08, 2017, 12:54:51 PM |
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Can bitcoin be the world's currency?
Maybe but i think it will take years or maybe a century to make this happen because for now the whole world is not ready of this type of transaction in which all the people will need to learn the digital technologies and computer literacy so that they could do digital transactions in which vital for the digital currencies. Most nations specially the 3rd world countries are cant afford to pay such education and technology advancement for their use as we know technologies are always for sell if a certain country will going to learn such advancement. |
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Ingoats
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November 08, 2017, 01:09:57 PM |
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Can bitcoin be the world's currency?
I don't think so. First of all, there are lots of currencies from different countries. Also, it is not yet even recognized and legal to most of the countries. And knowing that it is decentralized, i highly doubt that it will be the world's currency. I am thinking that it will coexist with regular currencies in the future but won't be the only currency to be used because that's really impossible for the world to have only one currency. |
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Dudy
Newbie
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Activity: 48
Merit: 0
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November 08, 2017, 01:12:21 PM |
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I don't think so because government will not allow this to happen
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Isaacck1
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November 08, 2017, 01:20:05 PM |
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Can bitcoin be the world's currency?
Currently not, but it has a possibility. On my opinion, bitcoin is now currently a world currency since we are exchanging in bitcoins. We use bitcoin as a mode of payment here. But still, it is not yet accepted by the majority given its predicament. We can think of it as a currency for a certain lobby or we could say the main in a game, where players are from different countries gather. |
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