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Author Topic: can you imagine bitcoin as your prime currency.  (Read 1446 times)
Rockyxy (OP)
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May 03, 2018, 04:22:22 PM
 #1

Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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May 03, 2018, 04:24:12 PM
 #2

Bitcoin is my money. Want to sell me something? Don't even bother unless you are selling it for bitcoin.

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May 03, 2018, 05:44:29 PM
 #3

Why not? Actually I am already considering as my currency, I may not using it in some things since some people and business are not yet accepting bitcoin here in our country but once I knew something that they are accepting it then I am using it, as in that way I am helping bitcoin to promote.
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May 03, 2018, 06:09:33 PM
 #4

Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.
Imagine what will happen if bitcoin is recognized as the main currency, rather difficult. I can not even imagine how commercial structures will report to the tax service if the price of bitcoin is constantly changing. The binding to stable normal currencies will have to be done in any case. However, it will be very difficult to prove the income and expenses. The planning of the country's economy in general and the subsequent implementation of the budget will be very difficult, if at all possible. I would not want to participate in such an experiment.
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May 03, 2018, 06:48:27 PM
 #5

I imagine how long you have to wait in line at the grocery store or supermarket to check out due to long confirmation time (unless you pay a higher fee) bitcoin is really good to pay something online but in real life or paying small amount i think bitcoin isn't suited for that. But to replace something like western union yes bitcoin can do that perfectly. On the other hand, it's really hard to find a shop that accepts bitcoin as payment method due to lack of adoption.
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May 03, 2018, 06:49:06 PM
 #6

If by prime you mean the only currency I'd be using, then it'd be a no. Bitcoin is still a closed economy that's still uninviting to your local merchants and brick-and-mortar stores, so there's still not much places to spend your coins to. It can still be used in online shopping though that is still an uncharted and grey area for me so I wouldn't really try to use my coins in them yet. The most practical use of bitcoin right now is its store of value for people who don't look into its speculative side.

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May 03, 2018, 07:08:38 PM
 #7

Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.


Ofcourse I do. I believe that if the time comes that people will have bitcoin as our prime currency, it would be more convenient for us. Things and transactions would be easier and faster and lives or even our way of living would be better. I am actually dreaming to have it as our primary currency.
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May 03, 2018, 07:15:44 PM
 #8

It is hard not to come under the conditions because there is a lot of commission rate, salary which we already have already received or the transfer which we want to be done, then there is no such thing as not being our main money, obviously a little more transfers are easy and free to be found in everybody's pocket and it is supposed to be supportive, My opinion 
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May 03, 2018, 07:17:44 PM
 #9

Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.
of a truth I am seeing bitcoin as our future currency and I see every financial system adopting bitcoin and blockchain technology. If one governments refused to adopt bitcoin they are going to be left behind in crypto currencies development which implies advance in technology. I have been trying to explain this to friends for quite some time now.
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May 03, 2018, 07:42:47 PM
 #10

Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.


Ofcourse and I always do. I would really love to live life with bitcoin as our primary currency. I believe, life would be easier that we used to have and we used to live. Transactions will faster and easier for our convenience and holding would be more profitable for us holders and traders.
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May 03, 2018, 08:16:07 PM
 #11

Everyone imagines that but not because bitcoin is a good currency, rather it has risen a lot so far, so people want to exchange their prime currency usd for bitcoin as they want more prime currency  Undecided

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May 03, 2018, 08:43:58 PM
 #12

Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.
Maybe not Bitcoin per say, but definitely something similar and a bit more stable on the market side. I like the idea of keeping the technology of the blockchain, but hopefully a suitable replacement will be created to surpass Bitcoin in every way. All we can do now is to wait and see.

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May 03, 2018, 08:49:45 PM
 #13

It can be, but may take time
Bitcoin has the potential of becoming a prime currency to the universe.
The more countries accept and supports it, the quicker it achieve it. It will soon turn the world currency around.
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May 03, 2018, 09:05:01 PM
 #14

It doesn't really matter what my currency is, it's what everyone else's is. It's no use to me if no one else will take it off me.

But, as of right now if I had something of mine I wanted to sell I would certainly prefer to accept Bitcoin for it, though where I'm at converting it to the money everyone else wants is still a pain up the arse so I couldn't do it if it was to meet some pressing bills.
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May 03, 2018, 09:25:50 PM
 #15

Of course I can. It in fact is my prime currency as most of my wealth is in BTC and other cryptos right now. I'm not transacting every day because I'm still forced to use fiat by all the institutions around me that don't even know what a cryptocurrency is, but hopefully it will change in the near future.
My parents couldn't imagine plastic cards as their main form of payment and here they are.

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May 03, 2018, 09:41:35 PM
 #16

Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.
I imagine that. but there are many reasons with this especially in the use of shopping still use fiat money for transactions.
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May 03, 2018, 09:48:50 PM
 #17

Can I imagine it? I'm living it. It is sincerely not that far fetched of an idea to accomplish. Bitcoin is extremely liquid and valuable, there's no reason why you cannot use it as your primary currency. The entire point of Bitcoin since it's genesis has been to be a feasible replacement for the regular fiat currencies. Reserve currencies and centralization is one of the primary foundational principles of Bitcoin. If you cannot imagine or implement Bitcoin as your primary currency then you are doing Bitcoin wrong.

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May 03, 2018, 09:52:53 PM
 #18

I think most of us here are, we want Bitcoin to be at the surface and be used as the primary currrency not only in the internet but in the whole world. Let us make it happen, fully recognize by the people, let us not stop supporting it. Imagine where we are if this comes through, we might get our lambo's too like the one who got it first.
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May 03, 2018, 09:58:00 PM
 #19

Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.
Imagine what will happen if bitcoin is recognized as the main currency, rather difficult. I can not even imagine how commercial structures will report to the tax service if the price of bitcoin is constantly changing. The binding to stable normal currencies will have to be done in any case. However, it will be very difficult to prove the income and expenses. The planning of the country's economy in general and the subsequent implementation of the budget will be very difficult, if at all possible. I would not want to participate in such an experiment.
There would really be lots of sectors would be mainly affected if we do talk about bitcoin as a prime currency when we are pertaining on general means or as a whole but yet we are just talking about ourselves on how we do treat it then i would say it would always stand next to my local fiat holdings which bitcoin is a currency and also serves as an investment which i do end up on saving it rather than on spending it into useless things.

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May 03, 2018, 10:01:43 PM
 #20

Why not? Actually I am already considering as my currency, I may not using it in some things since some people and business are not yet accepting bitcoin here in our country but once I knew something that they are accepting it then I am using it, as in that way I am helping bitcoin to promote.

I would love to save this currency as like everyone does here. To be frank, i will to earn more bitcoin than my local currency. At the same time spend my own local currency for any expense than bitcoin. I have been here in this community for more than an year. The journey taught me that bitcoin is the best asset one can have at this situation. So targeted to earn more Bitcoin and other crypto currencies.

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