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Author Topic: can bitcoin govern the whole world?  (Read 1942 times)
Larrycool
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April 18, 2018, 06:17:51 PM
 #141

I doubt if that can happen at this time, because bitcoin can not even fully perform the function of payment means, that is, used as virtual digital money. Also, bitcoin is decentralized digital currency which means free from government. Bitcoin are global currency,wherever country you are,you can use and invest in bitcoin but it doesn't mean that it will rule and govern the whole world. Government will not allow it for sure.
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Marry Finch
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April 19, 2018, 10:10:06 AM
 #142

Crypto currency is still popular for the same reasons as before. Actually, nothing has changed, except that the number of users of the network bitcoin is now growing faster. Most likely, calculations in bitcoins will take a significant share in the total mass of settlements that are conducted in currencies or other assets. Already, bitcoin transactions are used not only by private individuals, but also by large international corporations, so it can not be ruled out that information on interstate transactions involving bitcoins will soon appear.
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April 19, 2018, 10:17:57 AM
 #143

Governments and banks started to ban and regulate bitcoin in many countries,
This is due to bitcoin capacity and capability to govern the whole world.
Bitcoin is better to have for the people than FIAT who controlled by elites.
Karakyli
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April 19, 2018, 10:23:33 AM
 #144

Crypto currency is a unique, radically new generation of electronic money that is created and operates exclusively on the Internet. This currency is not controlled by any state and is not produced by any authority. Turnover of crypto currency is carried out by the work of many computers around the world due to the use of one single program.
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April 19, 2018, 03:06:58 PM
 #145

bitcoin as a source of income and bitcoin provides a good opportunity to meet our daily needs if Bitcoin can not scale, or do so at a very slow pace how it can govern the world one of which is for fast transactions and low transaction costs, if transaction costs can be seen , then bitcoin will be the future money for everyone else possible crypto currency will be used globally, and may be considered as future money.
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April 19, 2018, 03:11:41 PM
 #146

Nowadays bitcoin reach other countries and it is use in some transactions and very helpful in some country's economic.
What you can say?
Can bitcoin govern the world of business market, govern the world of every payments as it is moving to make it the future money.?
exactly. Bitcoin will be the most used currency in cross-border transactions. It is very useful for international business. It greatly reduces the cost of transferring money. This is why the price of bitcoin is very high at the moment. Its price speaks for its usefulness at present and in the future.






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Leon2_18
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April 19, 2018, 04:25:25 PM
 #147

Yes, but it may take quite a long time.
Bitcoin has the shining potentials of governing the world currency and influencing the world economy positively.it had the capacity of drastically alleviating the world poverty.
All this and more can be possible where it is embraced and accessible.
Money rules the world and bitcoin is money, so I think it's possible...
alexsandria
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April 19, 2018, 04:39:50 PM
 #148

Nowadays bitcoin reach other countries and it is use in some transactions and very helpful in some country's economic.
What you can say?
Can bitcoin govern the world of business market, govern the world of every payments as it is moving to make it the future money.?

I wouldnt use the word govern but definitely, bitcoin is the future currency. It bill take over paperbill. Specially on this age of technology, where online transaction is the most convenient way to do transactions. Dont worry about security. Bitcoin wallet has a very secure way of keeping it. And being ahead of others will definitely give you the boost you need to be aahead of the other investors.

taeewo
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April 21, 2018, 01:33:35 PM
 #149

It will only govern the developed countries as most under developing countries will still struggle to implement the technology
dante golo
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April 21, 2018, 02:43:25 PM
 #150

I think it's still very difficult for bitcoin to master a country's transactions because of the frequent occurrence of problems between the government and enthusiasts so evaluation also needs to be discussed well without any threats.

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djselery
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April 21, 2018, 03:08:27 PM
 #151

Bitcoin is not yet so popular and used around the world to talk about governing the whole world. Yes it is the most successful crypto currency right now, and also I agree that its price and value are really high and that it keep growing fastly as well, but compared to fiat currencies Bitcoin's usability still very low and most people worldwide still not even heard about it.
Man91
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April 21, 2018, 03:09:05 PM
 #152

Yes, but it can take quite some time.
Bitcoin has brilliant opportunities to manage the global currency and a positive impact on the world economy. He has the ability to dramatically alleviate poverty in the world.
Wintersoldier
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April 21, 2018, 03:31:02 PM
 #153

We could all see bitcoin as a good asset on the market in the form of cryptocurrency that could initially help us to earn and to gain profit by deal with transaction on the system of blockchain that  could provide faster and reliable form of transaction for people who held bitcoin as a form of virtual currency. It does also affects the economy of ones country because it could also give people a chance to earn profit by having an investment and trading. Yet, this effect of bitcoin does not give the power to bitcoin to govern a world because it does simply function as a currency which help the economy and the system of transaction of a specific country.
Selbit
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April 21, 2018, 03:39:03 PM
 #154

Bitcoin is a famously dececentralized cryptocurrency, a system of storing value, and a somewhat less-effective transaction medium. It allows near-instantaneous transfers all over the world without a middle man or regulatory body giving it the go-ahead. Fans of cryptocurrency fear government regulation could ruin it, but they shouldn’t be concerned. Any attempt control bitcoin simply won’t work.

Beyond the difficulties presented by the decentralization of bitcoin itself, governments and regulatory bodies have shown they lack understanding of technological topics, and bitcoin is one of the most complex. As governments struggle to ban technologies like Tor and encryption, it seems impossible to imagine them gaining the ability to truly impact bitcoin – and its alt-coin contemporaries – in a way that could impede its progress.
zwiggel
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April 21, 2018, 03:47:24 PM
 #155

right. What bitcoin creates can dominate the entire world. The bitcoin market is expanding around the world. bitcoin is strongly influencing the world monetary system. It creates jobs for millions of people. Many people have become rich by investing in bitcoins. Many countries have adopted bitcoin and encourage people to use it. Bitcoins are part of the world.
ajoygb
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April 21, 2018, 03:48:46 PM
 #156

Bitcoin  can be exchanged and used  for other currencies, products, and services, actually the term is not govern  but help the world to protect their assets and made the transactions easy through new technologies.  So  bitcoin is one of the important that was introduced in order to have unity in every transaction where ever you are the world.
sk700
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April 21, 2018, 03:52:25 PM
 #157

I don't know why you have this in mind, I hold the COINS, but I'm also a legal citizen, I'm just holding the currency as a way of investment, I don't think this is money laundering
may be one day butcoin will govern the world. I think bitcoin will be global currency in future. people of all over the world involving bitcoin day by day instead of paper fiat money.
Elips1
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April 21, 2018, 03:57:09 PM
 #158

Nowadays bitcoin reach other countries and it is use in some transactions and very helpful in some country's economic.
What you can say?
Can bitcoin govern the world of business market, govern the world of every payments as it is moving to make it the future money.?
,,,If all countries will became united one, I guess it would be happen as cashless world, but for nowadays, I think is not effective, because some other country's government were not ready for the adoptation of cryptocurrencies.
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April 21, 2018, 03:57:50 PM
 #159

Nowadays bitcoin reach other countries and it is use in some transactions and very helpful in some country's economic.
What you can say?
Can bitcoin govern the world of business market, govern the world of every payments as it is moving to make it the future money.?
Yes it is,  and it is possible because bitcoin is good thing to make our world rich . And specially for the market puposes. The uses of bitcoin is very easy and done for fast transactions. It also give positive  outcome when they used bitcoin and govern the whole world.
munify
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April 21, 2018, 04:05:22 PM
 #160

Nowadays bitcoin reach other countries and it is use in some transactions and very helpful in some country's economic.
What you can say?
Can bitcoin govern the world of business market, govern the world of every payments as it is moving to make it the future money.?

That will not happen as long as bitcoin is illegal, bitcoin can not regulate the whole world, and I think it would be impossible to realize one currency for the whole world, because every country has its own rules.

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