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Author Topic: Bitcoin cannot be a global currency  (Read 5048 times)
ajuelnah akun
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August 24, 2018, 04:45:24 PM
 #1041

experts have agreed that bitcoin will never be able to dominate fiat currency, and the possibility of bitcoin being the world's currency to replace fiat is impossible.
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lorapalmer
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August 24, 2018, 06:00:08 PM
 #1042

If to be philosophic none of the currencies can provide you with a 100% freedom. You will still depend on a specific software, wallets, etc. But definitely with a cryptocurrency, you have more freedom without tracking of your actions (transactions etc.)
Bitcoin is already becoming a global currency by being accepted by more and more countries around the world. For me, it is a great alternative to the traditional currency.

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August 24, 2018, 06:04:59 PM
 #1043

This will be a major disaster and will destroy all institutions that are so difficult to build after the revolution again.
Yes, Bitcoin in its current state is a symbol of freedom to do what you want with your money, but it must be given at least a little regulation.
RippleSpaset
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August 24, 2018, 06:09:59 PM
 #1044

The world is turning towards digital currency and all other currencies will disappear from the market, but for that time we will have to wait for long time. I want to use bitcoin all over the world. Still many people do not know about bitcoin and Altcoin that’s why I say that it will take long time but bitcoin globalization is doubtless.
arief.sutono
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August 24, 2018, 06:23:03 PM
 #1045

Chances are of course there are, because many people are now talking about cryptocurrency and they plan to invest here so we can say that it has become a global currency but it will not replace fiat money. If the rules for this kind of technology are well organized, I'm sure the price can soar higher and more and more interested. Thanks
gulali_imoet
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August 24, 2018, 06:31:15 PM
 #1046

I think it will be difficult to make and legalize bitcoin as the global currency. A bitcoin system that is still very complex, anonymity and uncontrolled by anyone makes it difficult to be accepted by banks and the government, furthermore it will certainly be difficult to legalize it as a global currency.
renggileh
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August 24, 2018, 06:36:18 PM
 #1047

yes, I strongly agree with the opinion that bitcoin cannot be the world currency.

Logically: so bitcoin is limited to only 21,000,000 in the world.
and where is that much amount divided for the whole world? it will never be enough.
except, there are only a few countries that use bitcoin as payment, but that won't be enough if used for a world scale.
Dianafangki
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August 24, 2018, 06:53:32 PM
 #1048

I think it will be difficult to make and legalize bitcoin as the global currency. A bitcoin system that is still very complex, anonymity and uncontrolled by anyone makes it difficult to be accepted by banks and the government, furthermore it will certainly be difficult to legalize it as a global currency.

bitcoin is suitable to be a common currency, but the very free level of anonymity makes many governments wary of various violations, I am amazed that until now bitcoin has not been challenged which means such a full ban, but we need to keep monitoring because this currency can end up being anything and we can only guess.
lucasz87
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August 24, 2018, 06:54:04 PM
 #1049

Currently bitcoin has been used as a payment instrument. I think bitcoin only has one last step so that it can be used as a currency. Of course that is not an easy thing, considering a lot of resistance and opposition to bitcoin. But it seems that bitcoin still has a high probability of becoming a global currency
kolsernik
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August 24, 2018, 07:28:08 PM
 #1050

You wrote well.Of course, all participants of the crypto-currency world expect that the crypto-currency will not fade away.Personally, I see a huge potential for further development in cryptocurrency.I also wanted to remind you that cryptocurrency is not just an asset.It is backed up by innovative technologies.These technologies are essential for the life of all mankind.
erichall
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August 24, 2018, 07:52:32 PM
 #1051

There are some people who are just wanting bitcoin to be global currency so that all of the transactions are made online but it can't be happen. Fiat will always exist. Both will exist in harmony.
vkumarbit2013
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August 24, 2018, 08:00:02 PM
 #1052

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kalopaw
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August 24, 2018, 08:41:37 PM
 #1053

Until now bitcoin has worked well. Bitcoin is still in a good condition, I mean bitcoin is not at a critical stage and is heading towards destruction. So, I think the bitcoin's readiness to become a global currency still exists.
PrissMCclen
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August 24, 2018, 08:44:40 PM
 #1054

I laugh with my language, you really don't know the real for bitcoin, you have no idea what bitcoin is here to do

Tachyon Protocol      >      The New Internet in Your Hands
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kfor01
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August 24, 2018, 09:34:03 PM
 #1055

Bitcoin can overtake and become global virtual currency, but fiat will still be used as main currency.  It can't be replaced.
cizatext
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August 24, 2018, 10:01:02 PM
 #1056

Bitcoin is going to become the world global currency and at that it future is going to be great which will be accompanied by wider acceptability, bitcoin as one of the agent of globalization is set to become the world universal currency which will be use and accepted by all.
techte7
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August 24, 2018, 10:56:41 PM
 #1057

Bitcoin can be a world currency because it is the most popular and it is the first and the most accepted cryptocurrency out there and it can replace the current payment systems.
Sam San
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August 26, 2018, 04:35:28 AM
 #1058

Bitcoin can be a world currency because it is the most popular and it is the first and the most accepted cryptocurrency out there and it can replace the current payment systems.
bitcoin can not do this, bitcoin can become a standard for cryptocurrency reconciliation, but it will never be a means of settlements and payments for goods because of 10 minutes per block.

kuncimobil
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August 26, 2018, 04:51:51 AM
 #1059

I think, bitcoin has become a global currency because almost all countries have used bitcoin even though they still use official currencies in each country but bitcoin can be accepted in some countries and they use it
TiceOwil
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August 26, 2018, 05:05:32 AM
 #1060

Quite a lot of sense made here. I agree mostly with what you've said. The promise of decentralization that BTC makes is a huge one. And I think it's slowly deviating away from that. Even if it started out with a system that looked decentralized, things are changing. Power and control are still moving into a specific set of arms. Though this time in a more subtle way. And it might only get more deepened.
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