Bitcoin cannot be a global currency

[Jannatul Shefa]

For now it seems to be impossible but in future it can be possible. To be global currency bitcoin needs to be accepted by every country. But in present world most of the country don't accept bitcoin as a legal currency. Also many don't even know about cryptocurrency. So for now it is quite impossible to be global currency for bitcoin.

[1714674677]

1714674677

[1714674677]

1714674677

[1714674677]

1714674677

[alex_gr_cc]

Before bitcoin will be accepted all over the world, he must go a long way to create regulation. On the one hand, bitcoin is created for freedom, and on the other hand, it also hinders him. In this case, we have complete uncertainty. People are afraid of uncertainty. Therefore, regulation is necessary.

[regadly]

The river of history does not peresoshnet.Progress can not be stopped.For new technological solutions, a new financial tool is needed. By spreading the crypto currency, it's still an honorable 6th place.

[Fatanut]

Why bitcoin can't be a global currency only because government are still not accept it but imagine when every country accept it and start using it fluently then it will obviously become the global currency.

That should mean that all of the countries that are accepting bitcoin have the whole nation using bitcoins. But, in a lot of countries, it's legal to use bitcoin for payments but we don't see people using bitcoin that much. I live in such a country and only a few are using bitcoins. A lot of people do know it, a lot of people have heard of it, but not a lot are actively using it. Some think that it's an Internet scam.

Using your logic again, dollars is an example of such currency that you are talking about. Each country have their own currency. It's their way to protect themselves, in a way. Supposed that one currency is indeed being used by the whole world. There will be an unequal distribution of wealth. There will be rich people manipulating the whole thing as they are one of those people who have the most coins.

Just think about this, each country have their own different culture, tradition, beliefs, language, and most importantly, government. Why should we have the same currency?

[killat]

I think this already happened... look around.

The blockchain revolution is upon us.

According to Bloomberg, 22% of USA residents report using BTC over USD. And adoption rate will increase in the future.

So many industries have been revolutionized by this public ledger technology that it's hard to keep track.

[ParveZ219]

Bitcoin is already a global currency....and it is the common currency between all the countries...Not only that people are trading bitcoins...and now almost all the sites are accepting bitcoins...So we can say that it is already globally accepted.

[jatin729]

Bitcoin is already a global currency....and it is the common currency between all the countries...Not only that people are trading bitcoins...and now almost all the sites are accepting bitcoins...So we can say that it is already globally accepted.

I agree with your statement that bitcoin already global currency but around world we have 150+ nations and out of them how many nations recognize bitcoin and use it for their personal lives. we can count it on fingers. there are many constraints between bitcoin and fiat. so hopefully it will be used globally soon.

[CatchSomeAirdrops1]

Technology believers believe that bitcoin is the mission of decentralization, the future of the world currency.


BTC just need, relative scarcity and the manufacturing cost, nature has the price, the price is the fluctuation, as long as access to the securitization in the human history of human use of the most profound institutional invention, the currency is likely to generate huge profits.


You have a lot of money and you have followers. With followers there is a crowd. The masses will naturally divide.


With differentiation, there is naturally a blank majority. Naturally, there are evil men who have been swindled. Nature has its center and leadership.


This is the history of bitcoin's journey along the way, which is why the BTC creator went to the center to turn the government against the pursuit of liberalism.


But on a philosophical basis, technologists are wrong.


The beginning of human birth is said to be monkeys. No government, no center. No money, no inflation. Government is not the product of power, but the government itself is the product of liberalism.


Because freedom must be evil, freedom itself creates chaos, and chaos leads to the pursuit of order, thus freedom produces power and bad power transition to good power.


In the world of BTC, new centralization has begun:


Global mining is concentrated in the hands of a few. The maintenance and development of bitcoin is concentrated in the hands of few digital farmers. The influence of virtual currency is concentrated in the hands of a few big v.


They are the new army, the new bureaucracy, the new emperor. Are these people trustworthy?


The emergence of BTC is a technological advance in the history of human currency. It makes up for the deficiency of the existing monetary system and should also promote the reform of the existing monetary system.


Like insurrection, it is either extinguished or assimilated into the long river of history.

We are aiming globally so anyone who thinks that it will happen in a short time is losing their minds. Even Google spent decades to reach where they are. So we just need keep on what we are doing and we we will eventually reach it.

[lebron]

Bitcoin is percieved to be the future of all transactions. Gradually people are gaining insight into Bitcoin and cryptosystem each passing day. Many countries are yet to institute the legality of crypto. When these happens the speculations of a global currency would be achieved with bitcoin being the prime currency of the world.

[truongdhnh]

Of course, Bitcoin can be a world currency. However, Bitcoin is not valid in all countries. But seeing the popularity of Bitcoin,it will be the world currency for a time.Only the bitcoin has been known in all the countries, which could not make any other coins.Everywhere they are Bitcoin,world Currency Will be.

I have the same opinion as you though Bitcoin is not the world's currency but its presence in the nation is now huge in terms of quantity and value. In addition to the barriers of governments to limit the influence of Bitcoin but most people around the world know about it and are dealing with it. That also shows it's global because it only lacks government recognition in that country.

[Successmaniac4]

Bitcoin is accepted in various countries but it will be difficult for it to be a global currency. A lot of people have their own negative thoughts about Bitcoin and it will take a long time for it to be accepted generally. It involves a lot of effort.

[indriyanti]

I think Bitcoin will not be a global currency in the near term because there are too many countries that are not ready to accept bitcoin as an official option to make a payment transaction

[RisingSun25]

No one can surely tell that bitcoin can be global currency and also can not be because there are various logics behind both of the issues.

[Strange9]

i think bitcoin will become  a world currency, some people hard to accept it. The government and the central banks will not react if Bitcoin is not a treat on their business and shaddy transactions

[Divere1996]

Bitcoin can end up a worldwide forex because it is now an customary form of charge in dozens of nations around the world. As more nations preserve to adopt this groundbreaking technology, it increases the probabilities that bitcoin will in truth come to be the next global form of forex.

[TaylorShea]

It’s decentralized, and not backed by the GOVT, and Banks.

it won't become world universal, but millennials are buying it up like hot cakes.

Plus wall st, are now interested.

No matter what you think or hear, this is NOT GOING AWAY, …

[outgoing788]

This would be a great pre-bitcoin task because to have it as global currency would be difficult because less developed countries do not have access to the internet and other media.

[AlexAtom]

Why do you think like that ? I think become a global currency is a possible thing for bitcoin.
As long as many peoples want to use it, then the value of bitcoin will be high and can become a global currency.

[thenameisjay]

Technology believers believe that bitcoin is the mission of decentralization, the future of the world currency.


BTC just need, relative scarcity and the manufacturing cost, nature has the price, the price is the fluctuation, as long as access to the securitization in the human history of human use of the most profound institutional invention, the currency is likely to generate huge profits.


You have a lot of money and you have followers. With followers there is a crowd. The masses will naturally divide.


With differentiation, there is naturally a blank majority. Naturally, there are evil men who have been swindled. Nature has its center and leadership.


This is the history of bitcoin's journey along the way, which is why the BTC creator went to the center to turn the government against the pursuit of liberalism.


But on a philosophical basis, technologists are wrong.


The beginning of human birth is said to be monkeys. No government, no center. No money, no inflation. Government is not the product of power, but the government itself is the product of liberalism.


Because freedom must be evil, freedom itself creates chaos, and chaos leads to the pursuit of order, thus freedom produces power and bad power transition to good power.


In the world of BTC, new centralization has begun:


Global mining is concentrated in the hands of a few. The maintenance and development of bitcoin is concentrated in the hands of few digital farmers. The influence of virtual currency is concentrated in the hands of a few big v.


They are the new army, the new bureaucracy, the new emperor. Are these people trustworthy?


The emergence of BTC is a technological advance in the history of human currency. It makes up for the deficiency of the existing monetary system and should also promote the reform of the existing monetary system.


Like insurrection, it is either extinguished or assimilated into the long river of history.

I honestly think bitcoins won't become a global currency since there is a very limited supply to distribute with and another factor will be the literacy of everyone using bitcoins. Let's be real for a second: not everyone is in favor of having bitcoins as a primary medium for trade because the monetary system works.

[gunhell16]

Bitcoin will never be a universal currency as long as there will be no solution in the pass problems.
People want inn9vation. But they also want the perfect out of it. Currency is the major transaction in the world and it will remain secondary as long as there will be no clarification