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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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aioc
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October 19, 2018, 12:04:50 PM |
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I can't think of one reason why it should be it's decentralized and internet based so you go to a remote place with no internet and buy stuff there but you only had cryptocurrency so you will end up starving yourself or confined yourself to places where you can transact using cryptocurrency. |
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giantrobot
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October 19, 2018, 12:14:44 PM |
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With the development of blockchain technology, it is quite possible. Electronic money is a comprehensive and useful way of being used in transactions, much more than traditional transactions.
However, getting it popular requires time. Currently, some countries prohibit electronic money, Bitcoin prices are still unstable in the market, to be widely used around the world, requiring high infrastructure and high educational standards.
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Herbys
Jr. Member
 Offline
Activity: 238
Merit: 6
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October 19, 2018, 12:26:32 PM |
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Jack Dorsey, CEO of Twitter in an interview with The Times of London, said that in ten years the Common World Currency will appear, and in his opinion it will be Bitcoin. I think the forecast can be justified, given the fact of a possible global crisis.  |
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Yantoaja
Member
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Activity: 322
Merit: 16
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October 19, 2018, 12:30:29 PM |
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I think btc doesn't need to be a global currency, because if you think like that then you will look like someone who is very obsessed with BTC and seems to care about BTC can go beyond everything, if I think BTTC is already very good and enough to become a digital currency at the moment, and it is intended for that, so to make btc a universal currency it would be very not make sanse |
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guybrushthreepwood
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Activity: 1232
Merit: 1195
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October 19, 2018, 12:33:00 PM |
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Can Bitcoin become the universal currency of the world? Can it? Yes. Will it? Only time will tell. I think bitcoin is the best contender currently to become a worldwide borderless currency, but volatility is an issue right now as well as adoption. For it to work as a currency I think volatility needs to be curbed and it needs to be adopted on a large scale. Maybe even a better currency will come along at some point that will fix bitcoin's issues, or alternatively bitcoin will smooth out the issue it has. I would prefer that to be honest. What is the reason? What it the reason for what? Why it can or can't become a currency of the world or something else? Not sure why this is relevant here? |
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aoluain
Legendary
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Activity: 2240
Merit: 1250
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October 19, 2018, 12:38:47 PM |
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I cannot see why any government would want to use an open source, unregulated and decentralised
currency like bitcoin. They would have no control over it.
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seoincorporation
Legendary
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Activity: 3136
Merit: 2902
Top Crypto Casino
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October 19, 2018, 12:43:16 PM |
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It can't become the universal currency because it doesn't have the transactions power we need nowadays, With credit and debit cards we have close to 100,000 TPS (transactions per second) and bitcoin can confirm close to 2500 transactions each 10 minutes, so, it can be the only coin. But it can be another coin for the markets, even it can be the coin with more value  |
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funchiestz
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October 19, 2018, 12:43:34 PM |
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It can be but is not so easy. All countries will not easily accept and regulate it. Still, most of countries can accept in a few years.
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BitcoinHodler
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October 19, 2018, 12:51:41 PM |
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this is one of the oldest questions that the newbies always ask. i am surprised that you started a website post about this!
bitcion was never meant to be the world's currency and denounce all other fiat. bitcoin is only meant to be used as a currency all around the world by people who want the freedom it gives them.
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Holding Bitcoin More Every Day
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elloco4ever
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October 19, 2018, 01:12:24 PM |
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I cannot see why any government would want to use an open source, unregulated and decentralised
currency like bitcoin. They would have no control over it.
Well I think in most of the countries government Is playing placard here is the dominance of cryptocurrencies are increasing everyday the private bankers are scared as it will overtake with few years also they push the government to announce as it is not a legal one and they say it as unsecure for people's investment. |
Am I spamming? Report me!
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Marcel555
Jr. Member
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Activity: 252
Merit: 4
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October 19, 2018, 01:13:08 PM |
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Can Bitcoin become the universal currency of the world? What is the reason?
Universities and colleges are opening up to the idea of taking donations via cryptocurrency…by Manoj Sharma for CNR Earlier this week
Universities and organizations accepting bitcoin as a means of donations is a regular procedure now. It goes a little way in increasing adoption and popularity. But bitcoin is still yet to grow to be used as a global currency. |
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dothebeats
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Activity: 3626
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Cashback 15%
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October 19, 2018, 01:32:48 PM |
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It can't, simply because the properties of bitcoin doesn't fit what the economy of the world needs, let alone a single country. It can be used for online and cross-border transactions, perhaps a form of salary if regulations will permit such, but that's as far as bitcoin goes. It cannot be used for stimulating the economy and for the central banks' quantitative easing since there are parameters in which new bitcoins are created, and it cannot be broken. For bitcoin to assume the role of a universal currency, it should be controlled, and that's not gonna happen no matter how many proposals and years of pleading it would take.
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Garenjohnnytre
Newbie
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Activity: 27
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October 19, 2018, 01:40:04 PM |
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thanks for your sharing. do you think this new is true in the future?
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BigBrother
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Merit: 10
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October 19, 2018, 02:20:38 PM |
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The success of bitcoin in the future is 50/50. It can become a universal coin that will be used by everyone in the world, but it can also die forever. Bitcoin is a good coin, I love it, but it has some big problems that can prevent it from becoming a universally accepted currency.
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Zalaster
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October 19, 2018, 02:56:47 PM |
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Theoretically, this is possible, but the problem is that governments will not allow this, otherwise, we should forget about the anonymity of Bitcoin. This is the main reason why many countries do not accept it, but my opinion is that Bitcoin may well become a global currency.
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budiarmed
Copper Member
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October 19, 2018, 02:57:43 PM |
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I think bitcoin is difficult to use as a world currency, an unstable and too risky value so the government will oppose it. I think bitcoin is only a community currency, but to be a world currency, I doubt it.
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Snyderfx2
Member
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October 19, 2018, 03:35:11 PM |
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It can become a universal currency very easily if bitcoin has the acceptance by governments and it has every quality because the world we live in becoming digitized so why not currencies that we use daily to buy goods and services to fulfill our needs and bitcoin provides a good solution for that with its unique features to make effective, efficient and most secure payments for any user with basic technological facilities
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hridoyb
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October 19, 2018, 03:55:07 PM |
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Bitcoin is a cryptocurrency coin and its price always out of control.If bitcoin price stable and government can control bitcoin and its price this time only can possible universal currency of the world. But day by day people are interested in bitcoin but some of the countries want to bitcoin ban forever. So its impossible to use the currency of the world. |
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larrylegend33
Member
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Activity: 280
Merit: 10
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October 19, 2018, 04:04:08 PM |
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Actually bitcoin has almost become a world currency, like dolllar or euro. Everyone know about the bitcoin today and every new day more people invest to cryptocurrency and bitcoin. So what else we can say to bitcoin? But in near future the bitcoin may become the universal digital currency and in like 2035-2040 may become world official currency..
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