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Author Topic: Bitcoin will control the world economy!!!!! is it true?  (Read 8437 times)
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September 17, 2017, 11:18:53 AM
 #61

I cant even imagine that a currency like dollars and bitcoin could control the world economy. Simply because they are just things, but what will bitcoin do in the world economy is that it will improve it. Those who adapt bitcoin as exchange will see great changes like lower unemployment rate land for those who are not will be left behind.
Bitcoin control the economy of the world? Maybe yes but in good way, because bitcoin give chance the unemployment people to have a job. Moreover, the people who have fair salary can get additional income to provide the things they want to have.
Nope it do not control it,and it will never as it is decentralised so no calculation of money in form will be taken for world economy calculation.currently USD and EURO control the international markets.bitcoin might control virtual market but not global interchange markets.
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September 17, 2017, 11:20:17 AM
 #62

I cant even imagine that a currency like dollars and bitcoin could control the world economy. Simply because they are just things, but what will bitcoin do in the world economy is that it will improve it. Those who adapt bitcoin as exchange will see great changes like lower unemployment rate land for those who are not will be left behind.
Bitcoin control the economy of the world? Maybe yes but in good way, because bitcoin give chance the unemployment people to have a job. Moreover, the people who have fair salary can get additional income to provide the things they want to have.
It can really help in the sense that people do give an opportunity to have a job and making money out of bitcoin but somehow useless because those earnings cant really be taxed and im sure those people wont really be paying taxes unless if he is really concerned on the economic state of their country but seeing that this thing is impossible on most cases this is why i cant see that bitcoin would able to give impacts on this matter.

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September 17, 2017, 11:30:24 AM
 #63

I cant even imagine that a currency like dollars and bitcoin could control the world economy. Simply because they are just things, but what will bitcoin do in the world economy is that it will improve it. Those who adapt bitcoin as exchange will see great changes like lower unemployment rate land for those who are not will be left behind.
Bitcoin control the economy of the world? Maybe yes but in good way, because bitcoin give chance the unemployment people to have a job. Moreover, the people who have fair salary can get additional income to provide the things they want to have.
It can really help in the sense that people do give an opportunity to have a job and making money out of bitcoin but somehow useless because those earnings cant really be taxed and im sure those people wont really be paying taxes unless if he is really concerned on the economic state of their country but seeing that this thing is impossible on most cases this is why i cant see that bitcoin would able to give impacts on this matter.

you guys are differentiating bitcoin and fiat money too much. Yes bitcoin can gives way to jobs but doesn't it applies also to fiat-- i mean they're both a medium of exchange so

both of them can be given as an income. the fact that it can't be controlled and can't be taxed opposes fiat currencies that are backed by government, i think its one of the

reasons why people are obessing on which of them are superior and will be. To be honest i like both of them to co-exist together

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September 17, 2017, 11:47:51 AM
 #64

The economy of a particular country is so diversified to be controlled by just one factor alone which in this case currency. What is being used to control an economy is not only on the basis of currency, because beyond currency are other factors which individually or collectively will determine the direction of the economy which include the political landscape, the banks, the private sectors, education sector.

Even the non contributory sectors of the economy such as the military, the justice system, the police or the social service are not left out in the scheme of events.

So putting all these together means, I don't see bitcoin controlling the world economy not now,not in the nearest future and maybe in the farthest future, it might be possible.
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September 17, 2017, 11:56:20 AM
 #65

No it's not true atleast until all people are capable of using bitcoin. the authority and government also not that stupid to not stopping the growth of bitcoin or atleast make it struggling to grow.
if the world economy can be overtaken that easily, and seeing from the volatility of bitcoin, we'll soon doomed once it happen.

 
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September 17, 2017, 12:00:50 PM
 #66

I do not think that this will happen, because in some countries bitcoin is banned and can not influence the economy there. I think some countries from time to time will put a ban to adjust the price of bitcoin.

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September 17, 2017, 12:05:51 PM
 #67

I do not think that this will happen, because in some countries bitcoin is banned and can not influence the economy there. I think some countries from time to time will put a ban to adjust the price of bitcoin.
Yes I agree to you that this will not happen because each country have their own plans for their citizen and they can be easily banned bitcoin anytime if they seek that bitcoin is not a good way to increase their economy and can increase the illegal activity in their country because of anonymous transaction.

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September 17, 2017, 12:16:09 PM
 #68

Some media shows that bitcoin can be the next weapon to control the world economy. i think it is true and it will be seen soon. 

Well, I don't believe so because bitcoin is not structurally created for the same. Bitcoin has created a parallel economy which thrives in the online environment. However, we still use fiat to measure the power of bitcoin. Bitcoin can be a massive game changer for the world economy only if it made legal by the governments around the world. But that's a distant dream and will not happen anytime soon.

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September 17, 2017, 12:21:09 PM
 #69

The countries and the world economic system have a special interest in blockchain technologies, mainly for the utility to improve the dynamics of banking transactions and for being a powerful business and financing tool. But in this case the word control must be defined to give an opinion about it.  Grin

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September 17, 2017, 01:11:33 PM
 #70

I dont think that Bitcoin will control the world economy ya but blockchain technology behind the bitcoin will be used by most of the big enterprises and even banking system are taking interest and knowing about blockchain technology so that they can implement it in their system.
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September 17, 2017, 01:29:13 PM
 #71

It can be but think of the government ruling the current economy system,they would not let bitcoin dominate and overpower their current institute that they are issuing in terms of economy.They would not let that happen even if bitcoin is ready for it

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September 17, 2017, 01:43:55 PM
 #72

Some media shows that bitcoin can be the next weapon to control the world economy. i think it is true and it will be seen soon. 
I'm not sure about that, if bitcoin will control the world economy, bitcoin prices will be consistent and stable despite bad news about cryptocurrency. There is only news from China about the ICO ban, the price of the bitcoin fell instantly and it proves that bitcoin can not survive when turmoil occurs, if so I'm not sure bitcoin will be able to control the world economy.

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September 17, 2017, 02:41:42 PM
 #73

Some media shows that bitcoin can be the next weapon to control the world economy. i think it is true and it will be seen soon. 

I heavily disagree that bitcoin will be a weapon in manipulating the world economy. First, you need to consider that most countries around the globe are still on the "developing" stage, thus their priorities are inclined with the developmental of infrastructures and attracting investors to boost market liquidity. What's the relevance? Bitcoin's nature being digital means that its access is only available on the internet itself. If bitcoins were to control the economy, this may potentially destroy the economy of developing countries since most are on the poverty level, which does not have internet connection by itself.
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September 17, 2017, 02:49:47 PM
 #74

Where did you get this information from? I don't think bitcoin will ever control the worlds economy though and it is far from happening if ever there is a slight chance for it to happen. And that's not bitcoins purpose so should you know too.

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September 17, 2017, 02:58:00 PM
 #75

Well if that is to happen, then someone needs to control bitcoin first, which, as we all know, is against btc's nature. That's why we're having all these issues with china right now because it will be hard to control cryptocurrencies

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September 17, 2017, 03:06:10 PM
 #76

certain. the development of bitcoin is growing every day. bitcoin is widely known by some people. if you look at current technological developments, bitcoin is one benefit for some or more people. yes I'm sure bitcoin will be the online digital money giant that will be used to drive one's economic activity

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September 17, 2017, 03:12:28 PM
 #77

Don't really believe in that fact dude. Bitcoin is just not enough to serve the whole world in first place. Suck the media and news they are just made to fluctuate the market. Lols. But bitcoin is not having that much potential to go ahead and handle the world economy. That looks very very troubling and it's just out of hands of whole crypto currency.
It is not about the potential. I don’t think so you should be making mockery of the bitcoins. Bitcoins are the world best investments right now and masses are investing into bitcoins in order to have secure future. The only thing that is hindrance in bitcoins ruling the world is the love of people for paper money.
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September 17, 2017, 03:15:06 PM
 #78



Don't really believe in that fact dude. Bitcoin is just not enough to serve the whole world in first place. Suck the media and news they are just made to fluctuate the market. Lols. But bitcoin is not having that much potential to go ahead and handle the world economy. That looks very very troubling and it's just out of hands of whole crypto currency.



This could be partially true that news are being made to fluctuate the market but sometimes bitcoin can be just overthought in long terms. I like the idea to think bitcoin being worlds economy changer. Because it has got that potential being limited in number. Don't think that f it's limited then how can it be used by everyone? The thing is we consider bitcoin in the form of satoshi also and whi knows in the future one full bitcoin might be just 100k USD. Then one bitcoin can server many people in single piece. Think bitcoin in that way.

   

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harryyjjones
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September 17, 2017, 03:20:24 PM
 #79

I do not think that this will happen, because in some countries bitcoin is banned and can not influence the economy there. I think some countries from time to time will put a ban to adjust the price of bitcoin.

I can agree to this. Some invisible hands may be trying to control the price flow. And will continue to do so for their own gain.
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September 17, 2017, 03:25:52 PM
 #80

i don't think bitcoin will control the world economy but it can play a huge role. we can see now that more people start to know bitcoin and it gives lots of opportunities to them and to us too. we can use bitcoin and fiat money at the same time and that is a good thing

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