If we all live in a virtual world, will bitcoin become its official currency?

[Impulseboy]

I was rewatching Ready Player One earlier with my nephew and this thought came to my mind when I saw the prize money. If, for example, we live in a virtual world (however you describe your understanding of a virtual world) do you think we will only have one currency to use and that is bitcoin? Or will we still have different coins (altcoins)?

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[h0lybyte]

Bitcoin is already utilized more than any other coins in the world, it may become global currency in condition if governments regularize its use in respective countries.
Also, some altcoins like ethereum, usdt may live longer or forever but there are almost shitcoins with no future means

[Btcjunpitz18]

I was rewatching Ready Player One earlier with my nephew and this thought came to my mind when I saw the prize money. If, for example, we live in a virtual world (however you describe your understanding of a virtual world) do you think we will only have one currency to use and that is bitcoin? Or will we still have different coins (altcoins)?

It has a big possibilty that bitcoin will be the official currency if we live a virtual world. I can't imagine how fast the transactions will be.

[mk4]

Quite unlikely I think. The most likely outcome would be bitcoin would be widely used along with centralized fiat currencies; aaand probably a few altcoins here and there. As of an "official" currency though? I don't think the government would like and allow that. If there's something they would have no control of, it's very unlikely for them to make it "official" anything.

[Impulseboy]

Bitcoin is already utilized more than any other coins in the world, it may become global currency in condition if governments regularize its use in respective countries.
Also, some altcoins like ethereum, usdt may live longer or forever but there are almost shitcoins with no future means

What do you mean "live longer or forever"? You mean that some altcoins may live longer than bitcoins? How come?

[daarul50]

I was rewatching Ready Player One earlier with my nephew and this thought came to my mind when I saw the prize money. If, for example, we live in a virtual world (however you describe your understanding of a virtual world) do you think we will only have one currency to use and that is bitcoin? Or will we still have different coins (altcoins)?

Even though the virtual world is true, we still cannot move from this real world because even though the virtual world is not real, I think it might be better for bitcoin to be an alternative economy and to help the economy when the real world economy experiences a downturn.

[Luke_Turner]

If the virtual world exist I think there's a high possibility cryptocurrency will be the official currency. I don't think bitcoin will be the only currency even in the virtual world because even in fictional worlds there are different types of currencies. For example, the Harry Potter. They have galleons, sickles, and knuts. It's going to be the same in the virtual world. The only question is which altcoins will stay?

[sarfield]

I was rewatching Ready Player One earlier with my nephew and this thought came to my mind when I saw the prize money. If, for example, we live in a virtual world (however you describe your understanding of a virtual world) do you think we will only have one currency to use and that is bitcoin? Or will we still have different coins (altcoins)?

Speaking of cyberspace, anything may happen, especially in the mind is bitcoin, no one will laugh if bitcoin becomes an official currency, in the real world, many use bitcoin as an easy and effective transaction tool.

[bolbau]

if we talk about utopian things and a big hope in the future, obviously we expect that there is only one coin used in 'virtual world'. and I think bitcoin will represent that. but if we talk about the reality that exists, virtual world is the digital world that we use today, even this forum is virtual world itself, so obviously not only bitcoin is a transaction tool. Let's just say that virtual world is currently still in the process of development, so it is very good to appear more than one type of coin for the development of this industry, so that there will be no stagnation in the aspects of innovation and technological progress.

[kucritt]

of course it will happen, as long we dont have the local currencies, if we have the local currencies the official and main currency in that country is the local currencies, and bitcoin will never be the official currency

[Gloverwrt]

Fiat currencies have also gone virtual and the digitalization of the world started long before BTC creation.

Bitcoin would of course be a welcome alternative, but fiat would still be widely used in a virtual world.
Scalability would be one of the limitations of bitcoin.

[giantrobot]

This is an unrealistic guess. This will not happen very far in the present world.
Bitcoin's easier goal is to become the world's currency. This will make it possible to progress as you say. However, it takes a very long time.

[BitcoinHunt3r]

I was rewatching Ready Player One earlier with my nephew and this thought came to my mind when I saw the prize money. If, for example, we live in a virtual world (however you describe your understanding of a virtual world) do you think we will only have one currency to use and that is bitcoin? Or will we still have different coins (altcoins)?

It always depends on what virtual world it is. But if focused on bitcoin only, so bitcoin will be main currency but with altcoin as side currency. It will be more fun than  a world with 1 currency only.

[zitbau]

This theme is interesting because in the virtual world when digital money is used as the primary payment method and all governments accept it. Its future will go further and develop in the best way when accepted by governments around the world.

[lee cooper]

This is what happens when thinking in cyberspace, bitcoin becomes an official transaction tool and altcoin becomes coins. A virtual world full of possibilities. But now we are in the real world and some countries are starting to accept bitcoin, so there is no need to make ourselves in cyberspace.

[pakhitheboss]

I was rewatching Ready Player One earlier with my nephew and this thought came to my mind when I saw the prize money. If, for example, we live in a virtual world (however you describe your understanding of a virtual world) do you think we will only have one currency to use and that is bitcoin? Or will we still have different coins (altcoins)?

Bitcoin is the number one currency in virtual world. Alt's do not come near to its popularity and utilization. What we want is a global adoption of Bitcoin as one of the primary/major currency.

[pawanjain]

I think bitcoin is already the widest adopted means of payment than any other cryptocurrency. The virtual world is getting expanded day by day  and with the increasing community the growth of bitcoin community is also increasing. I believe that if any currency that is going to be used officially then it should be bitcoin. Bitcoin has been dominating all the other cryptocurrencies since a long time.
It will soon even more adopted since it is in the limelight these days and once people get ti know its advantages then it will be used even more. It's just a matter of few more years until bitcoin gets accepted in many other places.

[PsylockReborn]

No one can really tell what will happen in the future. Bitcoin has scalability issues and if its widely used, there would be some problems with network congestion. I guess bitcoin will remain a good store of value just like gold because of its scarcity its value will always increase together with its mining difficulty.

There will be a new crypto that will represent or be widely used in online transactions.

FIAT on the other hand will always be there since every monetary unit represents a country's exchange for goods and services and there are also some remote areas that has no access to new technologies like crypto. 

[bering]

It could be yes but possibly too it will not happened but make one currency globally is not good idea and i think if someday we are live in virtual world but it's required several currency and maybe most of countries does not agree with one official currency moreover bitcoin which still have high of volatility and will makes an inflation if we used it and i think this is not good idea

[marlonbatotoy]

I dont think so.. But i think bitcoin is the one has potential because bitcoin is the best choice for the virtual currency because of it's long term run..