Bitcoin cannot be a global currency

[reliable]

Linking today's technology with philosophy is like asking an atheist to believe in the existence of God just because the convincing party is theist. Bitcoin came into picture not exactly to make up for the deficiency in the current monetary system, but in order to make it highly secure and easily accessible although being based online. Who knows, we may even come up with better tech in the near future, marking a new era of easy payments but for now, lets just crown blockchain as the flagship here.

For now it seems to be difficult that btc can become globally recognized as single currency because for that it requires years of existence with stability and accepted worldwide It is being banned in few countries and majority still do not own a stand for or against it yet.

[Fuhre]

Linking today's technology with philosophy is like asking an atheist to believe in the existence of God just because the convincing party is theist. Bitcoin came into picture not exactly to make up for the deficiency in the current monetary system, but in order to make it highly secure and easily accessible although being based online. Who knows, we may even come up with better tech in the near future, marking a new era of easy payments but for now, lets just crown blockchain as the flagship here.

For now it seems to be difficult that btc can become globally recognized as single currency because for that it requires years of existence with stability and accepted worldwide It is being banned in few countries and majority still do not own a stand for or against it yet.

yes, if bitcoin wants to be a global currency all countries should legalize or approve, we know at this time that there are still many countries that prohibit this digital currency for various reasons. it is quite difficult to be true if there are still plenty of pros and cons.

[jakagintiri]

I consider bitcoin as an investment tool only if it is more real and people who assume it as an investment, where bitcoin prices are relatively fast changing and never stable. This may be a bitcoin character is an investment character.

[Fantastic33]

Bitcoin is not recognized by bank as currency, so it will never be a global currency. Other than that, every country have their own type of currency with different values, and change of fait to bitcoin will never be easy. It will take a lot of time for it to happen, and if the government will allow it.

[BlackPanda]

Linking today's technology with philosophy is like asking an atheist to believe in the existence of God just because the convincing party is theist. Bitcoin came into picture not exactly to make up for the deficiency in the current monetary system, but in order to make it highly secure and easily accessible although being based online. Who knows, we may even come up with better tech in the near future, marking a new era of easy payments but for now, lets just crown blockchain as the flagship here.

For now it seems to be difficult that btc can become globally recognized as single currency because for that it requires years of existence with stability and accepted worldwide It is being banned in few countries and majority still do not own a stand for or against it yet.

There must be a certainty of each country, and what the cryptocurrencies user most anticipates is that there is a regulation that can support the use of Bitcoin in the global economic system. At least there should be an addition of a country that recognizes Bitcoin and makes the decision to legalize Bitcoin. This is important because by being legal Bitcoin will be increasingly free to use in various sectors, in addition it will increase investor confidence. With the increasing number of users and the growing number of transaction volumes then cryptocurrency, especially Bitcoin can be used as a global currency. It will not happen quickly, but we are optimistic it can happen in the future when we can support it from today!

[Tyrantt]

 
Credit cards and fiat money will never disappear, maybe will just change forms. Bitcoin has shown the world the potential of crypto-currency and blockchain but it just might as well remain an investment asset.
    That's why we see that, more and more, countries and various private  businesses are developing their own crypto. That's unleast how I see the future of "future" alt-coins. They'd be developed as a kind of "coupons" that you an cash in for various cost deductions or whatnot, therefore that coin will remain within the business.

Never say never. Nothing lasts forever and that applies to credit cards and fiat money. There will be a chance that they will be replaced by a far more superior form of money. It may no be bitcoins or other cryptocurrencies but it is possible. As the world is transitioning to a more digital and electronic way, then fiat will not be as what it used to be.

Fiat and credit cards are so engraved into todays society that it would be very, very hard to stop using them, similar to fossil fuel. Well crypto-currency seems like the most superior form of currency so far, what can top it? The fact that you only need simple qr code to pay/recieve and no need to carry anything else is a great advantage, among all.

As the world is transitioning to a more digital and electronic way, then fiat will not be as what it used to be.

That's why I've said that state developed crypto, backed by something, will most likely replace todays physical money. 

[thelemot]

a good explanation, this is the name of the times. it just takes time to be able to accept it all. because now many governments are resisting bitcoin. but all that will disappear as the development of technology created by humans. we can not stay in place, therefore bitcoin will be the future of digital money world

[exul]

Wrong, There is no doubt that Bitcoin will be the currency of future.  Transactions of Bitcoin are increasing rapidly. It will turn into human resources in the future. Bitcoin also has a number of benefits that government-issued and government-backed currencies simply cannot offer. Many people are worried about the future of traditional currencies. Many people see Bitcoin as a natural hedge against the risk of traditional currencies, as well as a valuable safe haven should a crisis occur.

[rhayot]

Bitcoin can be a global currency and it is utilize now all over the countries around the world, it's just there are some countries who banned this bitcoin but it is consider as a global currency in an online market. It can replaced the idea of traditional transaction in the banks and as the present technology with the helped to recognize the bitcoin, it is pretty much sure in the near future the bitcoin will be part of a legal global currency.

[earnetheasy]

Bitcoin has the potential to be the world currency. But for now, it seems like a future possibility. It’s always hard to take place of something that exists in mainstream for long time. Bitcoin still needs access and legal stay in all the countries, needs many more people involved in it to be the mainstream currency.

[passioncrypto]

Definitely bitcoin can be the leading currency throughout the world in future.Though it is not valid in all countries but gradually it is getting adopted by big countries and companies which indicate a bright possibility for bitcoin.

[bhadz]

Definitely bitcoin can be the leading currency throughout the world in future.

It is the leading cryptocurrency but as a global there are factors that many establishments, big companies and countries that are doubting it with it. Actually bitcoin is already being used as a global currency but there are some other things that we should divert our attention since this thing has been circulating around within the bitcoin community. Forget about replacing fiat, making banks gone, they are all institutions that are needed by a country, why not work all of it with bitcoin?

[contentboxuser]

I think bitcoin is just a global asset, not currency.

[Findingnemo]

Bitcoin can be a global currency and it is utilize now all over the countries around the world, it's just there are some countries who banned this bitcoin but it is consider as a global currency in an online market. It can replaced the idea of traditional transaction in the banks and as the present technology with the helped to recognize the bitcoin, it is pretty much sure in the near future the bitcoin will be part of a legal global currency.

Yes bitcoin has the cent percent ability to be an globally currency if all people in the world hope bitcoin investing in future but it is not happen by this situation and so we will definitely hope that changes in the world.

[Findingnemo]

Bitcoin can be a global currency and it is utilize now all over the countries around the world, it's just there are some countries who banned this bitcoin but it is consider as a global currency in an online market. It can replaced the idea of traditional transaction in the banks and as the present technology with the helped to recognize the bitcoin, it is pretty much sure in the near future the bitcoin will be part of a legal global currency.

It will possible if all people give a trust and hope of their investment it will be work in the future so it is not possible by this situation and I hope if it possible there is some good changes will happen definitely.

[Pool0x]

I think so, i think that it will be similar gold

[just_Alice]

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 absolutely agree with you here. The idea of decentralization is brilliant, but yet, unattainable. Bitcoin maybe gave the opportunity for some poor people to become rich, but there is still no equality regarding price regulations and BTC obtaining. The ones who can afford they buy, they trade with large amounts, so they can manipulate the price, they mine with 1000 miners at once, which increase the probability to finish the block comparing to solo miners, etc. And basically we can't call it decentralization, it's just a control change.

[GoldenLad]

I doubt it if bitcoin will ever become a global currency. when you talk about the gobal, I believe you are including but developed and underdeveloped countries. And most underdeveloped countries are lacking behind in technology. Since bitcoin is among the new technology, how will countries whom are lacking behind make use of bitcoin since most of them lack sufficient internet.

[Doell]

I think bitcoin will be the global currency that will replace fiat money in general ,world's progressively increasingly sophisticated and digital money like this will be a new foundation of life for the existence of expenditure in the global market ,public interest in cryptocurrencies is increasing and with the process bitcoin will be the number one currency and only bitcoin that can compete in the market ,My thinking started to differ

[Baoo]

Absolutely not, I disagree with you on  some points. It is true that there are few difficulties have led to significant problems in the value of bitcoin. In fact, it is very unfortunate, that some governments attack this currency through some bad attempts, and their only goal is to destroy it. However, this currency is still present.
And I think it will overcome all these crises.

But why all people have an pessimistic thinking? 

In my opinion, Bitcoin  will become a global and single currency, we are in the era of internet and all people use it, and they want  an acceptable and appropriate transaction and profitable  with a small value of fees , also bitcoin  has changed the era of financial transactions for the better.

Come on guys, we must have a confidence in bitcoin, and it certain that the governments will recognize it after a while of time. And after that it will become a global currency.