Imagine Bitcoin recognized around the world.

[elvinjamon]

Do you think there will be a chance that bitcoin will be recognized by all people around the world? If so, what would you contribute for the success of bitcoin in adapting human culture?

I think it will be recognized all over many countries and will be known by its many opportunities.  However,  there is a difference when you say reconized and legalized,  this words are different.  Yes it sill be recognized but when the government of the country realizes that their economy is decreasing,  somehow they mau not legalized this type of digital currency to play a role with their country.. An example of this is n. Korea.

[todiefor17]

Yes. If one country starts to legalize the use of bitcoins, other countries might as well do the same. This will lead to a new competition in the transaction of fees around the world. Bitcoin will be a huge success if those who have enough knowledge and experience about this will be able to spread awareness to beginners and to those people who want to invest money in an unconventional way.

I agree with your opinion. If Bitcoin is legalized in one country, it is likely to spread to many other countries, which could lead to Bitcoin being promoted and more people know Bitcoins.

[Sadlife]

Yes the chances are getting higher with each passing year especially this 2017 was very productive we've seen many countries showned interest in taxing btc.  Others already legalize it for example philippines, japan and i think korea also.  Many merchants accepted bitcoin as payment method, now more and more people are investing they're money into btc. With help of internet i think were slowly getting there.

[Malaya]

Do you think there will be a chance that bitcoin will be recognized by all people around the world? If so, what would you contribute for the success of bitcoin in adapting human culture?

A chance for bitcin to be recognised by all the people around the world could take time. As bitcoin circulates for almost ten years, there is still more to go for more people to adopt and recognise for various transactions. Trust must be generally built that bitcoin can last and perform well in the next years to come.

[Wipangga]

for my country bitcoin is very popular, because for them -the bitcoin is their main income, compared to their office jobs, because for them bitcoin is very safe to use to get a lot of results, both in the short term and long term those who need it. so bitcoin is currently very popular than ever before.

[nemesis_]

 Bitcoin being known all around the globe, already started. Its popularity skyrocketed. The number of users increases as days passed by. Through the noise it makes online it will be possible to be recognized around the world plus with the help of social media. But being legalized by the whole world will take time as many countries banned the use of this. Some still refuse to accept this.

[di.ako.toh]

Yes, it is greatly possible. Because as cryptocurrency is explored around the world, at the same time Bitcoin will also be known and recognized as one of the leading coins in the market cap.

[sheryl26]

Do you think there will be a chance that bitcoin will be recognized by all people around the world? If so, what would you contribute for the success of bitcoin in adapting human culture?

Yes that is not impossible especially this day where technology is scattered around the world and the information are very easy to deliver in the whole world so as bitcoins. And the bitcoins are now recognize in the whole world but not all people nows that those exist because they are some places that cannot access internect connection so how can they know that bitcoins exist if the ilonly thing you can access bitcoins is non accessible to them. But i know that they will be more popular this year

[Aikidoka]

I think that if bitcoin got recognized by the whole world, the price surely would go so high, not to mention that all people would be aware of the existence of bitcoin. They would start to invest in it and no one would ever rely on banks any longer. That is why it would be an economic disaster.

Plus, governments would also put some regulations on it. But I do not think it would be recognized by the whole world. It is impossible because the government would attempt to prevent the progress of bitcoin recognition.

[sapnu]

Many have claimed bitcoin's adoption is fueled by the public losing faith in economists, experts, governments and corporations. As institutions people rely upon fail, they may increasingly resort to extremism and other alternatives. This could explain a rise of extremist groups and alternate lifestyles prevalent in this era.

What some deem human culture may simply reflect necessity and need. Bitcoin may not adapt nor change human culture. It could emerge as a preferred option if it solves problems relating to currency transaction, store of value and limited supply better than its competition. In that crypto's success in the world could be one of "survival of the fittest". Bitcoin survives and perhaps succeeds as it is the best suited to do so in a world where those living in poverty often have few or no options.

Bitcoin may not be perfect, but its transfer fees and taxes are still far lower than its competition. That could be a primary reason for its success and why it may be someday recognized around the world?

Maybe bitcoin will be used by many individuals if that happen and because bitcoin recognizes worldwisw maybe many governments will legalized and implement to use bitcoin as their currency and as their money. And also maybe the transaction worlwide will be fasten.

[Stradivarioos]

Well, most likely it is recognized throughout the world as an electronic currency, the only question is when it happens.

[PrinceCaspian]

If bitcoin is recognized around the world then it will be the greatest news for me because that means massive adoption for bitcoin and we will get a lot of benefits from that like bigger coverage of places to spend bitcoin and also to get some profits because the massive adoption will result into a huge price spike.

[surgical_duude]

Yes! There is a possibility that bitcoin will be recognized around the world, if the government will legalize bitcoin in ones country, seminars about bitcoin will be done and industries,factories,malls will accept bitcoin as a payment. So, in that way bitcoin will be known and lots of people will be interested in bitcoin.

If Bitcoin is recognized around the world, it's going to be hacked into the network, because Bitcoin is heavily dependent on the internet and it's full of risks, but if it's universally recognized, it's definitely will be more protected and more advanced than blockchain

[BTCdoaA]

it is already hit every corner in the world but for sure when the price of one bitcoin hit 100 k $ then be prepared for advance hacking methods .

[stingers]

it is already hit every corner in the world but for sure when the price of one bitcoin hit 100 k $ then be prepared for advance hacking methods .

advance hacking methods?
are you talking about taking down the decades old (by the time bitcoin (if) reaches 100k) publicly maintained ledger running on millions of loads?
Or are you talking about cracking private keys?
because none of the two seem doable to me.
As for stealing login credentials or private keys from local media or exchange servers, its something that won't depend on the price of bitcoins. Potential hackers with enough skills would do it whenever they can irrespective of the price of bitcoin.


and trust me, bitcoin is still unknown by MANY

[Chikitita2004]

I hink bitcoin is recognized everywhere but the problem is not everyone who knows and heard about it trust it. The reason some do not involved themselves on it even though they know about it is they are doubtful and fearlful they might be engaging in a wrong thing.

[gabbie2010]

Do you think there will be a chance that bitcoin will be recognized by all people around the world? If so, what would you contribute for the success of bitcoin in adapting human culture?

Everyday people enquires about bitcoin as it popularity soars daily definitely more people will recognize it and use it, the recent contribution of bitcoin to the growth of Japanese economy attested to the fact that people from the Asian continent are growingly adopting bitcoin as a digital currency and very soon people  around the world will adopt bitcoin for their transactions.

[Scor1937]

It should really happen soon as we need to spread awareness about bitcoins to every individual we could. It is not only beneficial for them but also for us bacause it will gradually increase the number of invetros and the price will go much more high as compared to now. Also i would like to contribute myself to start some ATM, Banks, etc for bitcoins which can make it easy for each individual to purchase or sell bitcoins immediately.

[chimcoin]

I also believe that the news has spread every where but most people think it could be a scam or illegal. Some think with Bitcoin and its underlying blockchain being such incredibly new technological concepts, it can seem daunting at times to try and research and understand its underlying technical details.  

[Virtual miner]

Many have claimed bitcoin's adoption is fueled by the public losing faith in economists, experts, governments and corporations. As institutions people rely upon fail, they may increasingly resort to extremism and other alternatives. This could explain a rise of extremist groups and alternate lifestyles prevalent in this era.

What some deem human culture may simply reflect necessity and need. Bitcoin may not adapt nor change human culture. It could emerge as a preferred option if it solves problems relating to currency transaction, store of value and limited supply better than its competition. In that crypto's success in the world could be one of "survival of the fittest". Bitcoin survives and perhaps succeeds as it is the best suited to do so in a world where those living in poverty often have few or no options.

Bitcoin may not be perfect, but its transfer fees and taxes are still far lower than its competition. That could be a primary reason for its success and why it may be someday recognized around the world?

Its wide acceptance still sounds much like a joke. Peopl who are into it are fed up of its scaling issues already