bitvalak
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October 19, 2018, 04:19:24 PM |
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Of course you can, provided the government wants to conduct a neutral study, not just on the negative side. Bitcoin is good if it is used as a universal currency because of its limited amount, this can prevent the country from experiencing inflation, and ease of transactions. But the government must also care about miners because bitcoin transactions depend on miners as well.
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blackhawkeye1912
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October 19, 2018, 04:29:03 PM |
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I don't think bitcoin can be a universal currency since it is digital it can be hacked. A lot of bitcoin hacking incedents already happened and the holders can't do anything about the lost coins. You can't sue anybody. There's no insurance that will get the money back. In short, security issue is one of the main causes of bitcoin not getting close to being a global currency.
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Vektrum
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October 19, 2018, 04:58:59 PM |
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In order for Bitcoin to become the universal currency of the world, it first needs to simply become a good currency that is widely and universally used as a payment system and has the necessary technical qualities for this - full-value transactions and almost zero commission fees. If you think that Bitcoin is already quite ripe for this, we will prepare it for the role of the universal currency of the world.
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CryptoToxicAvenger
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October 19, 2018, 09:18:18 PM |
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Well I think that bitcoin has all chances to become a universal currency. Perhaps in the future it would happen. But bitcoin needs to be improved.
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kendra1107
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October 19, 2018, 11:16:19 PM |
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There is no doubt that Bitcoin is the most popular and most sought cryptocurrency at present. But I do not see it as being the universal currency any time in the future. Fiat will still remain as legal currency for years to come. As for Bitcoin, it will reign as the top crypto for a long time. But eventually, time will come that it will be ousted by another crypto from its own lineage. Only time will reveal everything.
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cxmyifan16
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October 19, 2018, 11:31:24 PM |
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I think that it is a great idea to make btc the main currency all over the world because it is an innovative solution and powerful coin which can provide us with many benefits. To my mind, it will happen with time
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Sinone
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October 19, 2018, 11:44:45 PM |
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Yes, I think bitcoin can become the Universal currency like the USD, but It needs more acceptance and more time. To acceptance bitcoin by every country, we need to spread good words, its facility, why this is good and other positive things. I hope, In the future, Bitcoin will be the leading currency.
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rosemary4u
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October 19, 2018, 11:46:59 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..
Exactly, we are almost in the process of spreading the great news of bitcoin to almost every corner of the corner. I believe in no time bitcoin would be used in daily business transaction just like the fiat currencies we have around.
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mutrang23
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October 19, 2018, 11:51:42 PM |
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I anticipate that Bitcoin can not become the world's currency because Bitcoin's supply is limited and the number of people in the world is so large that it can not provide enough Bitcoin for everyone. In that large amount of Bitcoin is frozen and can not be transported.
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kvipcn
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October 20, 2018, 12:02:50 AM |
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Bitcoin is been used by a lot of people across the world. We can say bitcoin is somehow semi universal currency used by people across the globe looking at its market cap and the amount of bitcoin in circulation. The second reason why i think bitcoin is semi universal currency is that, between 2017 and this year 2018, bitcoin has gotten a lot of news headline making part of the world being aware of the existence of it. This headline has made some people to join the crypto space.
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btcluisdiki
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October 20, 2018, 12:16:45 AM Last edit: October 20, 2018, 12:28:17 AM by btcluisdiki |
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I think that bitcoin will become a very popular currency in the future but I don't think it will become a universal currency as btc is being transacted through internet. Not all cities in every country has the access of the internet technology which I believe it is not practical and not usable. Usually, countries do prefer their own fiat currency that people can access and bring it with them in physical form to pay their goods and services. I think in the current situation, people prefer btc currency as an investment rather than a currency for the purpose of payment of goods and services.
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Janation
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October 20, 2018, 12:52:57 AM |
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Well I think that bitcoin has all chances to become a universal currency. Perhaps in the future it would happen. But bitcoin needs to be improved.
I want to use a crytocurrency as a normal currency, that would be really great if that cryptocurrency is being used as a fiat since it will be really great since that is really the future. But looking now at it, I think Bitcoin and other cryptocurrencies are far from being centralized and being used as a normal currencies. I doubt that it will be centralized soon, but I think there will come a time that there will be a crypto that will be a centralized used by a country as a usual fiat.
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Minhxx
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October 20, 2018, 02:37:05 AM |
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In the world today there are very few countries that accept electronic payments and they are mostly located in big cities, if only bitcoin for the transaction does not know where I can go without fiat. . The popularity of bitcoin transactions takes time
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Blackhammer321
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October 20, 2018, 02:42:14 AM |
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Well today we can say that it does not have the capability of growing and become the world's currency. But then if the time comes that it will be accepted by everyone, and even the remote place will have an access to it, then probably it will be the worldwide currency used by everyone.
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SimonJones
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October 20, 2018, 04:35:30 AM |
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It will take a lot of time for a bitcoin to be a universal currency. First of all, every country should be self sufficient in electricity and internet. Internet should reach even the remotest place of the country which according to me is impossible now or infact after ten years.
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gesdan
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October 20, 2018, 04:43:58 AM |
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no it can, bitcoin can be the universal currency and can be used across the world, but it wouldn;'t be the main currency in the world, because the FIAT currency is the number one in any country in the world
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memecoin
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October 20, 2018, 05:45:59 AM |
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Of course, it is very likely that in the future, as the internet is now universally covered, it will no longer be called antiquated if we are using the latest currency in the world, which is bitcoin.
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pakhitheboss
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October 20, 2018, 06:27:20 AM |
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Bitcoin is an internet based currency and for it to become a Universal currency, you need Global internet penetration, which I doubt will happen within the next 10 years. Which means, it is hard to access Bitcoin anywhere in the world. This is one of the biggest hinderance for Bitcoin.
People know Bitcoin because of its Fiat value and not about its benefits. As a common man, I do not see any large scale benefits of Bitcoin to help me in my daily life.
I and most of the forum members consider Bitcoin as an assest and a way to overcome our Financial difficulties.
I do not think Bitcoin will become a Universal currency.
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btc_angela
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October 20, 2018, 07:23:56 AM |
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Hmm. Its a tricky question, at the back of my mind I'm thinking its doable. But how about countries who doesn't have access to internet then? As much as then wanted to used bitcoin they will have a lot of challenges. So I don't think at the current scenario, we won't see bitcoin recognised as a universal currency.
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syaripudin
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October 20, 2018, 07:31:47 AM |
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bitcoin is a decentralized crypto currency and of course a decentralized system that is a system of freedom in financial matters so that there is no central as a financial regulator, it makes me think that bitcoin cannot become a global currency, I think in financial settings globally of course the government will have a role in making regulations related to finance.
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