Bitcoin cannot be a global currency

[RenatoVillarinJr]

Bitcoin can be a world currency while I dont have a firm opinion on Bitcoin as an alternative currency, I do have more conviction on Bitcoin as an investment: it is not an investment  it is speculation  But, that doesn’t mean it won’t continue to gain in popularity and broader use In bitcoin we now seem to have a new form of currency that rivals fiat money as we move full speed into the age of technology.

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[YTBitcoin]

Of course, bitcoin can be a global currency if most of the country accept it. Wherever most of the country prohibited bitcoin, so it is very hard to be a global currency.

It will be decided by the time. with the passage of time they will understand the importance of bitcoin and they will legalize it just like Russia banned it and after some period they found that there is lose to their people so they started to accept bitcoin again.

[rocketbits]

Of course, bitcoin can be a global currency if most of the country accept it. Wherever most of the country prohibited bitcoin, so it is very hard to be a global currency.

There are things which are not in favor of the bitcoins for now but we cannot say that things will never change. Bitcoin has a very much strong potential of becoming the global currency and that it can lead the world in much better way than any other normal currency. The only thing which we need to do is to wait for the time when things happen in a way like this and that before that, we must go for investing in the bitcoins for our better future.

[Activitycoin]

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 think bitcoin is global cryptocurrency, because many countries use bitcoin, bitcoin is worldwide but many countries are also banned in bitcoin, because many governments do not like bitcoin.

At this present age bitcoin is global famous already more people are now accepting its worth and power in the whole world so we should buy bitcoin as well to store it for long term and save our future, every second country knows the benefits of bitcoin and profit we can have after investing in bitcoin, bitcoin is getting more and more famous only because of its volatile nature and high profit people like to use more than currency as it is easy, reliable way of making fast payments done even without going out of home.

[Meowth05]

I think Bitcoin was a global currency already because wherever place you are and as long as that place legalize Bitcoin you could use it. In fact, there are some countries are now seen the potential of this coin that's why they allow it to use in few transaction like in local stores. Though there are still some countries who are against it but it might change if it'll introduce well in their place.

[yhancel20]

Definitely!but it is possible since bitcoin is known worldwide though some country still not accept it as one of their currencies.

[Sihab76]

Definitely impossible because people of all over the world only a little bit amount of people know about bitcoin, that is bitcoin won't be global currency.

[berfanaf]

Bitcoin will be the only currency for internet payments replacing credit cards so in next five years we may see bitcoin is single largest currency on bitcoin

I don’t agree with you. I think that the world is turning towards crypto currency and in the future the whole world will use only crypto for their daily payments in their local markets. I know it will take long time but one we will see that all other currencies disappear from the market and only cryptocurrency is usable all over the world.

I always believe in one thing and that is you never know what future will bring for you and that it is better to hope for the best so that you may plan the things with positive state of mind. Bitcoin has this much potential of leading the world and that it can become a global currency but this is something which will take lot of time as things need to time to be settled down in the favor of the bitcoin.

In my opinion, it is too early to deduce any such result and that there are very much bright chances of this thing to happen as the way most of the places have started accepting bitcoin, this indicated that you can expect a better acceptance rate of the bitcoin which will then also help the investors in investing more money into bitcoin as they will no longer have any such need of keeping paper money.

I don’t think so that there is nothing like that which can stop bitcoin from becoming a global currency and that this is something which is more expected in the future. the only thing is that this is something which will take some time and that till the time bitcoin will not be declared as the legal currency in the world and that the attitude of the government towards the crypto currencies change in a positive manner.

[romanlanskoj]

Bitcoin is a global currency 

It is not a local  currency!
 

[DaughterOFbitcoin]

How can you say that bitcoin cannot be a global currency? Not when so many countries are now embracing bitcoins now,I believe that with time bitcoin will soon be used as a global currency

Yes now more and more countries are now accepting bitcoin which is making the worth and importance of bitcoin even more than before, bitcoin is being famous all over the world, It has benefits and it will make us rich day by day, we should contribute to the bitcoin popularity because it has benefit for us, bitcoin is almost done to be global currency because in the whole world almost 90% of countries have accepted bitcoin.

Yeah it is right that many countries have already accepted bitcoin as their legal currency, like Vietnam, Japan, south Africa, Australia, India, China and Russia. The rest of the world is now surveying about blockchain technology and will soon accept bitcoin as their legal currency. My country has also banned bitcoin but I know this ban is for the time being.

[winterland]

Many people in the current economic circles do not think that bitcoin can become a global currency but that is because they are not looking hard enough into the future if they did will realize that bitcoin as a technology is way better than fiat but they do not get that since they are economist and not people that know about how technology evolves, since new and better technology always replaces the technology that is outdated.

[Ridwan Fauzi]

I think Bitcoin was a global currency already because wherever place you are and as long as that place legalize Bitcoin you could use it. In fact, there are some countries are now seen the potential of this coin that's why they allow it to use in few transaction like in local stores. Though there are still some countries who are against it but it might change if it'll introduce well in their place.

But the fact is there are many countries that ban the use of bitcoin, for instance, if you come to my country bitcoin does not apply to be a means of payment. My country's government makes bitcoin as the illegal currency used for a payment. Global currency is maximized is all the use of bitcoin legalized, if you want to exchange money in local exchange in the country is not your place, I am sure with 100% you will not do it. A lot of things have to be met when creating a local exchange account, and I think this applies across the country.

[romanlanskoj]

I think Bitcoin was a global currency already because wherever place you are and as long as that place legalize Bitcoin you could use it. In fact, there are some countries are now seen the potential of this coin that's why they allow it to use in few transaction like in local stores. Though there are still some countries who are against it but it might change if it'll introduce well in their place.

But the fact is there are many countries that ban the use of bitcoin, for instance, if you come to my country bitcoin does not apply to be a means of payment. My country's government makes bitcoin as the illegal currency used for a payment. Global currency is maximized is all the use of bitcoin legalized, if you want to exchange money in local exchange in the country is not your place, I am sure with 100% you will not do it. A lot of things have to be met when creating a local exchange account, and I think this applies across the country.

Its impossible to ban bitcoin

Decentralised blockchains can be regulated only  by miners or users. There is no way for humans or governments to regulate bitcoin.

Governments can only accept bitcoin  in their Law systems or ignore it.
Ban is a kind of ignorance

[TIDOVEE]

It can actually be irrespective of its present condition.
It may only take time. And some things will have to be put in place, like proper withdrawal machine or medium. With which anyone can comfortably access and make withdrawal as cash. Probably like an ATM.

[xsaints128]

Bitcoin cannot become a global currency because the regulators won't simply let it happen. Bitcoin's decentralised and it can't be controlled by anyone and the Government, regulators don't want the masses to have that decentralised power, they just want to make sure that they have the power centralised and in their own hands.

[RippleSpaset]

How can you say that bitcoin cannot be a global currency? Not when so many countries are now embracing bitcoins now,I believe that with time bitcoin will soon be used as a global currency

Yes now more and more countries are now accepting bitcoin which is making the worth and importance of bitcoin even more than before, bitcoin is being famous all over the world, It has benefits and it will make us rich day by day, we should contribute to the bitcoin popularity because it has benefit for us, bitcoin is almost done to be global currency because in the whole world almost 90% of countries have accepted bitcoin.

This is not very good when bitcoin is perceived as a means of payment .He's a savings asset like gold for example.There are many other tokens that are suitable for calculation .Now around bitcoin HYIP so everything is so, but the HYIP will pass and the cards will be revealed ,then only value will be important .

[green_fish]

BTC can reduce transfer time, speed up transfer rates, reduce transfer fees, maintain price stability, and facilitate people's use!
Increase the number of BTC users and increase the number of merchants accepting BTC payments. Then Bitcoin is likely to become a global currency!

[ASHLIUSZ]

Bitcoin has already got termed to be a global currency with its anywhere accessible feature. Along with the same there are countries which has given bitcoin the recognition similar to the traditional fiat. Following this can expect more countries to adopt bitcoin and progress in economy.

[eipeng]

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 agree bitcoin will not become a global currency today. With the passage of time people evolve and also the technology today bitcoin is a king but tomorrow is different we don't know what will happen in the future but if they keep improve Bitcoin may someday it will reign as global currency.

[BurakTurk]

My opinion is that the technology itself blockade will receive a very large application in our world, but bitcoin will not become a world currency. Countries and the state can not allow this.