Argoo
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May 03, 2018, 07:00:43 PM |
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I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
Bitcoin or ethereum can be used as a single world currency. However, in each country should remain their national money. Then the use of crypto currency for international settlements will not have negative effects. True, a lot of volatility will vseravno remain. I've read that last December an agreement was reached between Russia and Turkey on the delivery of barges of some goods and payment was made in bitcoin. The supply contract was concluded much earlier than December and if in December bitcoin rose sharply in price, then one party to the agreement won and the other lost. Would the state want to continue playing such a roulette table ?. |
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"You Asked For Change, We Gave You Coins" -- casascius
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PX-Z
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May 04, 2018, 01:17:07 AM |
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I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
It could be possible that bitcoin can be globally accepted, but to be a global currency is nearly impossible for bitcoin. I can't really imagine that bitcoin would be a single currency in the world, because of its one feature that is really hard for everyone to use it all the time, because it's only available on the internet and no physical appearance like the usual currency. |
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deppil
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May 04, 2018, 02:04:24 AM |
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I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
It could be possible that bitcoin can be globally accepted, but to be a global currency is nearly impossible for bitcoin. I can't really imagine that bitcoin would be a single currency in the world, because of its one feature that is really hard for everyone to use it all the time, because it's only available on the internet and no physical appearance like the usual currency. first it is impossible for the world to have only one currency. we know that a country's economy can be seen from their local currency exchange rates. what if we only have 1 currency in the world? let alone just bitcoin? of course it is impossible to happen. it may become possible if bitcoin becomes a currency used for international currency. anyone can use it anywhere. but local currency also still exists |
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TheGreatPython
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May 04, 2018, 10:48:54 AM |
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It’s not possible, the only way we can be able to have something common is through Bitcoin, because it allows us to send and receive money from any location the world without any middleman like banks, money gram western union and the likes of them.But as for making use of one currency, it is 100% impossible cause currency has what it represents in every country and is very important. We can’t share one currency and all countries are not worth the same.
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ngano ba
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May 04, 2018, 10:55:49 AM |
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There might be possibility that the whole world use a single currency, if the government in every nation will approved the use of one single currency that will approved by every leader of the country to agree the use of one single currency.
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Ferry22
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May 04, 2018, 11:33:30 AM |
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It will not happen, whichever is possible in this world only uses a single currency. whereas at this time alone every country already has its own currency whose exchange rate is different. even in the World there is a single currency that can be used by some countries, I think the money is Bitcoin.
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Hazir
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May 04, 2018, 11:38:53 AM |
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There is very slim chance that we will have one global currency - there are simply too many problems associated with this solution.
First, there is an enormous economic discrepancy - a vast majority of people in the world are earning less than $3 per day.
Another thing is - if we are talking about digital currency/cryptocurrency - then we need some basics just to be able to access the network.
So having wireless internet connection/smartphone capable of handling wallet/app is necessary - again this is possible only in countries which are already developed.
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Pelevelyl
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May 04, 2018, 11:52:54 AM |
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The single currency in the world already exists, it is the us dollar. It is accepted worldwide and can be exchanged for the national currency.
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Haterstestbtc
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May 04, 2018, 12:15:16 PM |
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I think bitcoin has been used already as a payment system and it's already globally accepted. Although there are some countries that are prohibited digital currency but the number of countries who adopted digital currency increases more.
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Muwatti
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May 04, 2018, 01:06:44 PM |
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I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
As for now BiTcoin is still developing to reach that state... Where almost all countries all over the world will used it as their money... If it happen it will be very easy for us to used it... I think before it happens there a lots of things will pass in otder for the BTC will reach the success... As for now we are hoping that soon it widely recognized we are hoping it happen soon... Where all countey accept it as the currency... |
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Swenna
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May 04, 2018, 05:42:34 PM |
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Definitely now. We all know that bitcoin and cryptocurrency can only be used with the help of internet connection. Plus, the knowledge and the adoption of its usage is limited and varies from one countries to another. Taking into consideration the economic status of each country as well makes its possible.
For countries belonging in a what we call third world country, internet is not a necessity. It is a privilege for those who can afford, meaning not all people can use it. It will be completely biased and will only be in favor of those who belong in large countries wtih good economic background. I just don't see it happening. By doing so, by using bitcoin as a global currency, only more problems will arise rather than, it, being the solution.
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Averim
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May 04, 2018, 05:54:32 PM |
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I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
Why not, that would be awesome, i mean there won't be exchange rates, in this situation i would have a clear image about the value of an product or service. |
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taiwww
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May 04, 2018, 06:25:16 PM |
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I'm sure bitcoin must be able to dominate the world. all countries will use bitcoin as a legitimate transaction tool. but despite that. the world still will not be separated from paper money. because paper money can be made as a symbol or a sign of the country.
One of Bitcoin's main principles is that there are no borders it has to respect or abide by. It's one protocol that has no equal, and one that at the same time can't be stopped. It's pointless to focus on what paper money will be like by that time, we should only care about what matters for us, and that's slowly taking distance from dealing with fiat. Let countries have their paper money, we have Bitcoin, that's more than enough. In current times it requires only our smartphone to transact with others or buy our daily needs in stores. I could perfectly use Bitcoin as sole currency if it enjoyed more adoption and stability. Fiat is a mixture of state and corporation money, while Bitcoin is people's (everyone's) money. very good input. with the bitcoin going to be one of the transactions, bitcoins and fiat currencies can go together without intercourse, they will have their mutual manifest. when fiat money can not reach inter-country transactions at low cost, we can take advantage of a bitcoin payment system, with minutes and no high fees These things are all about will, when, how, what etc etc. For now we should be focusing on the development which can get things done in short time Unless and until we dont have proper infrastructure and also the rules and regulation which forms the prime thing during the intra-country truncations then we cant do anything. So better we should not be asking the questions like this right now, what we should be focusing on is question like, how fast can we develop this thing.  |
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acener
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May 04, 2018, 07:19:04 PM |
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I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
I think yes, it is but it would take time since our era isn't depending on technology so much in terms of finances. People lack knowledge about digital currency that they need to be educated about it first. It is possible but it will really take time. |
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Direwolve735
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May 04, 2018, 08:21:54 PM |
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I think that Bitcoin can be use as a matter of fact to be globally accepted. What is your take and which currency can you suggest to be accepted globally?
It could be possible that bitcoin can be globally accepted, but to be a global currency is nearly impossible for bitcoin. I can't really imagine that bitcoin would be a single currency in the world, because of its one feature that is really hard for everyone to use it all the time, because it's only available on the internet and no physical appearance like the usual currency. I also doubt that bitcoin is suitable for the role of a single world currency, at least in the form in which it exists now. Bitcoin can not be obtained anywhere, you can change another currency for it, which again makes it difficult to switch completely to it and affects the "supply-demand". Well, most importantly, bitcoin is regulated by an internal algorithm, that is, if the number of bitcoins approaches the critical level, its release will be terminated. |
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jona
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May 04, 2018, 09:20:39 PM |
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This can not be possible the greed politicians will not allow such to take because it will hinder some criminal activities and ones it a cryptocurrency it means the currency is decentralized and criminal activities can be trace
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mostkey
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May 04, 2018, 11:41:34 PM |
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I'm sure bitcoin must be able to dominate the world. all countries will use bitcoin as a legitimate transaction tool. but despite that. the world still will not be separated from paper money. because paper money can be made as a symbol or a sign of the country.
One of Bitcoin's main principles is that there are no borders it has to respect or abide by. It's one protocol that has no equal, and one that at the same time can't be stopped. It's pointless to focus on what paper money will be like by that time, we should only care about what matters for us, and that's slowly taking distance from dealing with fiat. Let countries have their paper money, we have Bitcoin, that's more than enough. In current times it requires only our smartphone to transact with others or buy our daily needs in stores. I could perfectly use Bitcoin as sole currency if it enjoyed more adoption and stability. Fiat is a mixture of state and corporation money, while Bitcoin is people's (everyone's) money. very good input. with the bitcoin going to be one of the transactions, bitcoins and fiat currencies can go together without intercourse, they will have their mutual manifest. when fiat money can not reach inter-country transactions at low cost, we can take advantage of a bitcoin payment system, with minutes and no high fees These things are all about will, when, how, what etc etc. For now we should be focusing on the development which can get things done in short time Unless and until we dont have proper infrastructure and also the rules and regulation which forms the prime thing during the intra-country truncations then we cant do anything. So better we should not be asking the questions like this right now, what we should be focusing on is question like, how fast can we develop this thing. when we can focus on crypto development. would be very good. the questions in the OP will be answered along with how fast the crypto and bitcoin currencies are in use in the world. maybe only we can speed up the bitcoin growing in the world. |
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Jonsnowstark
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May 05, 2018, 12:02:23 AM |
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This is the target of bitcoin, to be the world's currency. Unfortunately, many countries are very explicit in saying they don't want that to happen. And in line with this, there has been countries like China who made a strong cause to ban bitcoin in their country. Still, because of greed and the fear of not being in control is still, for me, the only reason why they will not approve of bitcoin.
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cahbagus555
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May 05, 2018, 12:27:06 AM |
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Its hard to happen and almost impossible. We know every country have their own regulation and policy about currency and obvioustly central banks wont lose their control on money supply. I do believe that bitcoin is like store of value or an assets
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Baresh
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May 05, 2018, 12:38:56 AM |
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I think that Bitcoin can be use as a matter of fact to be globally accepted.
Bitcoin already accepted there only 1 country that ban bitcoin it's china the rest is making there way in. What is your take and which currency can you suggest to be accepted globally?
You want bitcoin accept globally but instead you want other alt coins to replace it. Why is that? Are you drunk? |
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