Bitcoin cannot be a global currency

[Rainbow009]

Except it goes through thorough regulations, it us unlikely bitcoin would be a global currency.
Only a few percentage of the total population are aware of cryptocurrency.
It would need mass global adoption, hopefully that can happen in the coming years.

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[Afteryou56]

People nowadays are too dependent on credit to sustain themselves. But I think everyone recognize the superiority of bitcoin, especially when. it can replace the current internet payment systems, instead of paying with credit card over the internet. But if say that Bitcoin will probably will never be the main global currency, that is not groundless because of its risks and fluctuation.

[crypt0j0e]

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.

Bitcoin does have the capability of becoming a global currency in the digital revolution but centralization is certainly an issue right now. That could change down the road as more people adopt Bitcoin and it becomes more distributed among the masses. But as history has shown governments fear what they cannot control and there's no telling whether they will allow the continued use of digital currencies.

[Lydiaglo]

The main reason is its disadvantages which cannot be refused and we can't ignore it.

Criminals will use it for an anonymous transaction they will sell more drugs and weapons

Everything has its own pros & cons.

The use of cryptocurrency transactions can still be tracked through the address, and this allows all users who make transactions will be known to the owner. In contrast to the use of banknotes that have been tracked for having a conventional system, a person who knows the illegal transaction is just a buyer and a seller. So, for me anynomous user implemented by cryptocurrency is not something to be reduced.

Yeah you are right that there are some disadvantages of cryptocurrency but it is for the time being and when the whole world starts using bitcoin as regular currency and there are no exchange rates with dollar or any other currency the disadvantages will come to an end automatically. Today people think of volatility in the price and that’s why they think that it will not be global currency.

[Angle22]

may not yet meet the world-specified requirements, and also many people who do not know bitcoin.

[pragna]

Why not? Actually BTC is now on inspection by world economy. They are too much concern about BTC as young people are going behind it. So the day is not too far that maximum economy of  world will accepted it. Because people have not enough time to spend it for unnecessary works. Its time lapse. So BTC makes mens life easier, govt will accepted it there is no doubt.

[yohaneshs]

For now, we know bitcoin just a investment instruments but in the future i think bitcoin will be accepted as a major transaction methods in some countries.
it's hard of course but not imposibble if we talk about a future with digital currencies as a modernize.

[Mastsetad]

Need time to prove. When BTC was at $50,000, it would be a lot to say.

It will take a long time when bitcoin reaches to $50000. In this day most of the people do not know about bitcoin and they will take some more time to get aware of crypto and put their money in it. But it is obvious that the future is that of cryptocurrency and there will no other currency in the world. Only bitcoin will be usable in the whole world.

[Nila soru]

Bitcoin will be a global currency in the nearest future

Many people say this because they think that bitcoin is fraud, it is a bubble and many people are against them. They think that bitcoin is the leading crypto in the market. It will take over the market in the future and will be the mainstream. The future is that of cryptocurrency and will prevail in the world. The whole world will use bitcoin for their daily needs.

[BhuwanPujari]

Bitcoin is the world’s first decentralized currency now an accepted form of payment in dozens of countries around the world.
As more countries begin to adopt this innovative technology, it’s clear that Bitcoin has the potential to become the new global currency not tied to a specific country or central bank.

[BloodKnight]

The price fluctuation of Bitcoin is too large, which makes Bitcoin unable to replace cash, and the payment process is very slow, which makes it difficult for users to operate!

[myown2cents]

it is very difficult for bitcoin to become a global currency. because there are still many people who do not know bitcoin and there are still many countries that prohibit the existence of bitcoin. because they fear that the development of bitcoin can not be overcome. but you do not have to worry though some countries do not allow it but in some countries, many have received and legalized bitcoin. and I'm sure bitcoin will go on and on all over the world.

Yes it is difficult but not impossible, i think it will take a lot of time, but still it is possible and it is going to happen, because bitcoin is slowly but regularly increasing its popularity, i am hopeful that a time will come when bitcoin will be too much popular and about all the people of the world will be using bitcoin.

It will take some time but things are going to accelerate when the economies of the world begin to show problems, right now the economy is still more or less working but we are seeing the first signs this is going to change, the trade wars between the US and the rest of the world have began and history shows things do not end well when we have a trade war.

Bitcoin will a global currency because the future is that of cryptocurrency and people will accept it as their regular and legal currency. All other currencies will disappear from the market and only bitcoin will be used by the whole world. The coming era is that of blockchain technology and cryptocurrency is backed by this technology. Just wait a little more.

[Beegovere]

Bitcoin will be a global currency in the nearest future

Many people say this because they think that bitcoin is fraud, it is a bubble and many people are against them. They think that bitcoin is the leading crypto in the market. It will take over the market in the future and will be the mainstream. The future is that of cryptocurrency and will prevail in the world. The whole world will use bitcoin for their daily needs.

In fact such people do not know anything about bitcoin. I think that bitcoin is already a global currency, because bitcoin users are now available everywhere in the world, even in backward countries you can see the bitcoin users and their number is even increasing from time to time, therefore very soon we will see people using bitcoin for different purpose.

[dulari1]

It is already global currency in many cases , like we can transfer it to any person in world and they can convert it into national currency of their country via exchanges or P2P or cash deal . so for transfers we can use it but for payment at stores and online purchase it is still not legal in some countries , so it will also happen in future when more people will connect with crypto and demand will force nations to legalize it .

[Carlosfeer12]

Lot of people are talking about the bitcoins and it can surely can replace fiat money.

[cod3rx]

Why no?

[Godex_io]

Why not? Actually BTC is now on inspection by world economy. They are too much concern about BTC as young people are going behind it. So the day is not too far that maximum economy of  world will accepted it. Because people have not enough time to spend it for unnecessary works. Its time lapse. So BTC makes mens life easier, govt will accepted it there is no doubt.

And the network effect will make this possible not only for individual countries and regions, but also for the whole world

[The cure]

I think it is impossible for bitcoin to become a global currency because it was created as a decentralized digital currency. Bitcoin also not yet accepted by other countries and cannot  use in all transactions and payments to all stores and companies. A lot of things to be considered before bitcoin can be one of a global currency.

[diger]

Of course BTC can be a world currency,but I very much doubt it . Bitcoin as an asset is a good thing, but as an inconvenient currency .You know, now there is a lot of crypto which is faster than bitcoin, cheaper, more reliable!And not one state does not agree to it, imagine what house will start ?Silent already about the economy, ie all the strand will have to integrate and Ekonomika should have everything in common .

[bendingappaloosaH]

People are dependent on the credit system and therefore it will remain there for everyone.