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Author Topic: Bitcoin and Future of Economy!  (Read 1241 times)
yatogami
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August 23, 2018, 02:15:53 PM
 #381

Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
No, it can't be, since all economic activities should be strictly regulated in order to avoid abusion by the market players of the rights of all other players.
Bitcoin and cryptocurrencies in general do not provide that centralized instrument of control - their intended use is exactly the opposite (deregulation and freedom of business and finance).


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August 23, 2018, 02:20:52 PM
 #382

Bitcoin will greatly impart the future of the global economy. It will come to a time where every business particularly online stores will prefer Bitcoin payment to fiat.
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August 23, 2018, 05:33:54 PM
 #383

I would like to see what will happen in a few years, and maybe even dozens of years Personally, I'm sure that the future is behind the crypto currency. Smiley Smiley
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September 13, 2018, 09:08:38 AM
 #384

Do you mean being the main currency for a particular country or being a currency that will be used by the world and bringing and end to other currencies? I am not getting your point here, but neither of these two that I mentioned will work. Bitcoin is as it is and will continue to be used for the purpose for which it was made.
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September 14, 2018, 08:56:04 PM
 #385

Its possible but it make take decades before it happen. Bitcoin may increase its value but it will have a hard time to get in the main market around the world. Maybe the whole cryptocurrency can be a good alternaternative for a fiat money but it will never be the main currency I think. Our government will always find ways to protect fiat money, but a least cryptocurrency will be accepted around the world in the future.
Yes that's right. Bitcoin is very good and a big  help for our future. It will also lower the rate of poor people in this world. It can also rise our economy.

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September 15, 2018, 12:12:20 AM
 #386

Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?

If many government regulate bitcoin as payment, i think bitcoin can be international currency. People will use bitcoin for his/her travel because accepted in any merchant and its more secure and save than carrying fiat money. Most merchant afraid accepting bitcoin as payment because government not regulate it yet, and if government regulating bitcoin, i am believe bitcoin very useful

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September 17, 2018, 12:00:09 PM
 #387

Its possible but it make take decades before it happen. Bitcoin may increase its value but it will have a hard time to get in the main market around the world. Maybe the whole cryptocurrency can be a good alternaternative for a fiat money but it will never be the main currency I think. Our government will always find ways to protect fiat money, but a least cryptocurrency will be accepted around the world in the future.
Yes that's right. Bitcoin is very good and a big  help for our future. It will also lower the rate of poor people in this world. It can also rise our economy.
In my opinion the future of economy will depend upon cryptocurrency in the future. In the future the whole world will use only bitcoin for their general use and all other currencies will disappear from the market. When we have one usable currency all over the world, buying, purchasing and trading will be easy and the money circulation will never stop. It is the growth of economy.
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September 17, 2018, 03:16:45 PM
 #388

Eventually, the monetary form we know, will diminish. Just as letter writing and post cards have diminished to make way for email.
Same will hold true for transition from physical money to electronic money to digital money (crypto-money). Money will eventually move completely onto the electronic, protocol-based rails. Amongst us, there exists a generation that was born with paper money and saw a gradual shift to electronic money. It is this very generation that will have a hard time understanding (or accepting) the possibility that decentralized currencies will eventually make way and rule the economic seas. It's just a matter of time.

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Today at 06:48:19 AM
 #389

Its possible but it make take decades before it happen. Bitcoin may increase its value but it will have a hard time to get in the main market around the world. Maybe the whole cryptocurrency can be a good alternaternative for a fiat money but it will never be the main currency I think. Our government will always find ways to protect fiat money, but a least cryptocurrency will be accepted around the world in the future.
Yes that's right. Bitcoin is very good and a big  help for our future. It will also lower the rate of poor people in this world. It can also rise our economy.
The future economy of a country not only depends permanently with an action but country is required to look into everything with the passage of time as it has to take care in different occasions.

In case of crypto currencies, it is useful to use it for trade and as investment source as well as payment mode which will be more interesting if a country proceed for it like recently Germany also did it not only as investment source but payment mode is also available in their country.


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