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Author Topic: Bitcoin will control the world economy!!!!! is it true?  (Read 8437 times)
Kamote_1102
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September 23, 2018, 06:00:56 PM
 #681

I think it's far from happening. Bitcoin was not made to control the World Economy. although we all know that Bitcoin will play a big part to improve our Economy. but that doesn't mean that Bitcoin will control it.

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riso2015
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September 23, 2018, 06:15:36 PM
 #682

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. 
At this time, I can't say for sure that bitcoin will control the world. But there is actually aa possibility about it which will depend on how the society accepts it in another 10yrs.

I cannot believe it. Bitcoin is the digital money, the cryptocurrency, and it cannot control the world economy. People can do, I mean the richest ones but not, sure, BTC.
For now yeah you're cannot believe it, but for future I think it's will be happen where Bitcoin will
control the world economy. So in this time we must learn more about Cryptocurrency world.

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bacxuyen
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September 23, 2018, 07:39:42 PM
 #683

Blockchain and cryptocurrency have really made the fever around the world. This is also a hot topic that attracts a lot of attention from managers as well as the general public. So Bitcoin can control the world economy with leading technology.

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September 28, 2018, 12:46:25 PM
 #684

I believe it can become the most dominant currency online!
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roadwell890
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September 28, 2018, 01:01:31 PM
 #685

it could be true because many governments have felt injustice in balancing their fiat prices globally, some of which have been pressured by extraordinary inflationary pressures and almost bankrupt, then what can be done by them other than selling state assets and borrowing IMF funds etc in amounts very large?

if every country is able to be stable in managing their own altcoins, there will be a process of moving the conversion of currencies from USD to bitcoin. if this happens in many countries with a binding MoU. then bitcoin will control the economy quickly and become a fairer foundation.
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September 28, 2018, 06:26:57 PM
 #686

bitcoin is a powerful big digital currency in the world. Bitcoin will control the world economy believed can do it. but i think can take a lot of time.
Escan0r
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September 28, 2018, 08:00:48 PM
 #687

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. 

Maybe it will be a little difficult if you will control the world economy. But nothing is impossible in this crypto currency. I am sure that the crypto currency will be very useful to the world we live in.
Jambo tape
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September 28, 2018, 11:11:51 PM
 #688

For now i don't think so, maybe in the future there is possible that bitcoin will control the economy of the world if 94% pecent of our population is already using bitcoin for their daily needs, that's my opinion,because it takes a very long process to get there, requires a lot of regulation in crypto with various countries in the world Undecided
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September 29, 2018, 01:14:49 AM
 #689

I think it's far from happening. Bitcoin was not made to control the World Economy. although we all know that Bitcoin will play a big part to improve our Economy. but that doesn't mean that Bitcoin will control it.

I am agree with this statement. Bitcoin will improve our economic system and bitcoin already offering new monetary system with uncontrolled currency and transparancy in data transaction. I am believe bitcoin system will adapted by many institution to make their economic more stronger

Sirait
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September 29, 2018, 01:58:25 AM
 #690

sorry, I think that assumption is wrong, Bitcoin is not a group like Rothschild or another group that controls the world economy, but if Bitcoin will control the way and the world transaction system, I really agree because that is Bitcoin with its Blockchain technology...

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DavidNiva
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September 29, 2018, 02:13:13 AM
 #691

bitcoin as a currency, how to control the world? if the currency belongs to one country such as an American dollar, then of course America can control the world by regulating dollar changes and usually disrupting their desires ... but bitcoin? first he does not have a country that can regulate, secondly all countries have the same potential for bitcoin when globally without barriers that can affect the movement of bitcoin anywhere, so bitcoin can be a neutral currency in the world without interference from one country.
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September 29, 2018, 02:36:02 AM
 #692

Although bitcoin is the first in all coins. But Bitcoin can't control the economy of the world. Bitcoin can contribute a great deal to the economy of the world.
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September 29, 2018, 10:07:48 AM
 #693

To control the entire world economy you require some essential things, for example, mass level accessibility, agreeableness, and validity. I think the last two things are not an issue for Bitcoin but rather it isn't accessible over the world. The main cost isn't a factor with a specific end goal to rule an economy. so I figure Bitcoin should go far regarding this issue. it is additionally evident that Bitcoin must be sanctioned in each nation then it would be a vital money yet not commanding.
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September 29, 2018, 11:21:26 AM
 #694

This will not happen, Bitcoin is not strong enough and not enough influence to control the world economy, maybe in the future Bitcoin will be stable and play an important role in the economy. Controlling the economy with Bitcoin is not enough.
jambul_kribo
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September 29, 2018, 11:37:34 AM
 #695

sorry, I think that assumption is wrong, Bitcoin is not a group like Rothschild or another group that controls the world economy, but if Bitcoin will control the way and the world transaction system, I really agree because that is Bitcoin with its Blockchain technology...
good point mate, bitcoin is not institutional that able to controll world economy.but it could replace current global payment system if bitcoin has fast transaction speed and low fees.when it happen , international trade will using bitcoin replace L/C or others system.

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September 30, 2018, 11:27:25 AM
 #696

I don't agree with you. The world economy need a currency that they can control to maintain the economy system world wide but bitcoin is decentralized and hard to control. As a result, i think it is impossible
Tatsuyashiba
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September 30, 2018, 11:31:33 AM
 #697

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 do agree with you, but if you look at this again, it is not a reality, just a mere expectation, which in fact we do not know what will happen in the future to BTC itself, maybe BTC can indeed be used as a digital world currency, but to be used as a state currency. the global currency is still very far from the existing reality, it can be seen from the many government regulations that prohibit the circulation and transactions of using BTC in their countries.
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September 30, 2018, 12:34:56 PM
 #698

BTC is difficult to influence the world economy. Although BTC is now well known to many people, its economic volume is still small!
BTC also needs to slowly strengthen itself to compete with traditional legal currency!

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September 30, 2018, 01:04:07 PM
 #699

sorry, I think that assumption is wrong, Bitcoin is not a group like Rothschild or another group that controls the world economy, but if Bitcoin will control the way and the world transaction system, I really agree because that is Bitcoin with its Blockchain technology...
good point mate, bitcoin is not institutional that able to controll world economy.but it could replace current global payment system if bitcoin has fast transaction speed and low fees.when it happen , international trade will using bitcoin replace L/C or others system.
By L/C, do you mean Local Currency?
I actually don't think that bitcoins can really replace the local currencies untill and unless they are decentralised.
There is not huge point is making this topic go viral as we all know that bitcoins are going well as they are being decentralised rather than being centralised to be able to use as an replace to local currencies.

Blockchain transactions are a way different to understand for many users who are not that related to the cryptocurrencies. Transactions with the fiat currencies are really much easy to handle and also has no transaction cost. Fiat and cryptocurrencies are much different from each other and also non relative.

Going back to OP, i don't think that bitcoins can really control the world economy but instead it could have some major impact on stabilising the economy. If majority of peoples from a certain country are related to cryptocurrencies, than indeed the economy of that specific country can rise up.
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September 30, 2018, 01:09:57 PM
 #700

I think the world economy is governed by the government, and I think the government will not allow bitcoin to control the economy because bitcoin is unstable and that will be a risk to the economy.

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