Bitcoin Forum
February 22, 2020, 01:34:32 AM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 [9] 10 11 12 »  All
  Print  
Author Topic: Why bitcoin can not become a global currency  (Read 1383 times)
ufaiz50
Hero Member
*****
Offline Offline

Activity: 1190
Merit: 500



View Profile
November 24, 2019, 07:40:03 AM
 #161

Hi, Gents,

I think there has to be a way to create a tracking system for bitcoin. Every wallet must contain ids. Otherwise, bitcoin can be always used for money laundering. If you want to launder money, you can find a cash seller everywhere. After bitcoin is bought, noone can prove whose bitcoin it is. I think this is the only think that preventing bitcoin to become a global currency.
Speaking of tracking, we can trace it only by IP, that's if you have important authority. I think you need to check the words of the experts, that cryptocurrency is very risky, this is more to volatility. Aas a currency, I'm sure experts think about how volatile values can be very fast and change. This shows how cryptocurrency often moves unexpectedly, so in terms of value it is very risky.

Many people use cryptocurrency as a global transaction tool. Because the transaction concerns Peer to peer, as long as both sides accept this. Imagine how each government approves crypto as a global currency. It is very impossible for me, the government wants the country to progress compared to the others, the country's competition makes no sense if you understand it.

                              ▄
                              ███▄
                            ▄█████
                            ███████
                          █████████
                      ▐███████████        ▄█
                    ███████████████▄███▌
                  ████████████████████
                ████████████████████
    ▄        ██████████████████████
    ██    █████████  ██████████████
  ████▄  ███████    ███████████████
  ███████████        ████████████████
  ████████████          █████████████
    ██████████████      ███████████
      ██████████████      █████████
          ▀▀██████████    ██████▀▀
                      ▀▀▀▀▀    ▀▀▀
[]WHERE CRYPTOCURRENCY AND ONLINE GAMING MEET
Medium|Linkedin|Telegram|Reddit|Twitter|CoinMarketCap
[]                              ▄
                              ███▄
                            ▄█████
                            ███████
                          █████████
                      ▐███████████        ▄█
                    ███████████████▄███▌
                  ████████████████████
                ████████████████████
    ▄        ██████████████████████
    ██    █████████  ██████████████
  ████▄  ███████    ███████████████
  ███████████        ████████████████
  ████████████          █████████████
    ██████████████      ███████████
      ██████████████      █████████
          ▀▀██████████    ██████▀▀
                      ▀▀▀▀▀    ▀▀▀
1582335272
Hero Member
*
Offline Offline

Posts: 1582335272

View Profile Personal Message (Offline)

Ignore
1582335272
Reply with quote  #2

1582335272
Report to moderator
1582335272
Hero Member
*
Offline Offline

Posts: 1582335272

View Profile Personal Message (Offline)

Ignore
1582335272
Reply with quote  #2

1582335272
Report to moderator
1582335272
Hero Member
*
Offline Offline

Posts: 1582335272

View Profile Personal Message (Offline)

Ignore
1582335272
Reply with quote  #2

1582335272
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1582335272
Hero Member
*
Offline Offline

Posts: 1582335272

View Profile Personal Message (Offline)

Ignore
1582335272
Reply with quote  #2

1582335272
Report to moderator
1582335272
Hero Member
*
Offline Offline

Posts: 1582335272

View Profile Personal Message (Offline)

Ignore
1582335272
Reply with quote  #2

1582335272
Report to moderator
1582335272
Hero Member
*
Offline Offline

Posts: 1582335272

View Profile Personal Message (Offline)

Ignore
1582335272
Reply with quote  #2

1582335272
Report to moderator
ttcsalam
Copper Member
Jr. Member
*
Offline Offline

Activity: 336
Merit: 2


View Profile
November 24, 2019, 10:57:27 AM
 #162

Trucking on Bitcoin is on. Now, to launch such a system, all the government has to take the initiative legally. However, it is possible to start the trucking system. This requires long-term technical development need.

                             ❱  Whitepaper  ❱   E M R X ─ Token ─   :   LEARN MORE   
      E M I R E X         ─── إمركس ───          :         The Infrastructure for the
[ ◾ telegram   ◾ facebook   ◾ TWITTER ]   New Digital Economy
Cryptoshops
Jr. Member
*
Offline Offline

Activity: 208
Merit: 4

Get a Free Listing on CryptoCoinShops.net


View Profile WWW
November 24, 2019, 11:17:47 AM
 #163

Another reason is a lot of people still do not understand it,  so its not easy to use like fiat money is,  big social media companys like Facebook bringing out its ouwn currency will help and maybe sometime in the future people will understand and use it more like a currency rather than a trading commodity.


Get a FREE website listing on CryptoCoinShops (http://cryptocoinshops.net)
Firecold4
Full Member
***
Offline Offline

Activity: 286
Merit: 101



View Profile
November 25, 2019, 04:32:13 AM
 #164

Bitcoin is a currency that prioritizes user confidentiality so transactions that are prohibited by the state can run initially. Bitcoin is used to buy drugs, firearms and pay for assassinations on the deepweb so it will be very difficult to change the system from confidentiality to open

samcun
Jr. Member
*
Offline Offline

Activity: 264
Merit: 1


View Profile
November 25, 2019, 06:04:59 AM
 #165

because Bitcoin is unstable, that's why the government has announced bitcoin as an illegal digital currency. I consider the government to ban it because bitcoin has too many negative sides rather than the positive side, therefore the government bans crypto or Bitcoin, because bitcoin is considered illegal and can endanger a country.

HYDAX EXCHANGE ⎈ BOUNTY ⎈ ANN
A Secure, Efficient, Simple Cryptocurrency Exchange
Exchange ⎈ Futures & Options ⎈ IEO ⎈ APP ⎈ Community

[/
Prateek_sharma
Jr. Member
*
Offline Offline

Activity: 279
Merit: 3


View Profile
November 25, 2019, 06:53:59 AM
 #166

Because of decentralization and anonymous.. one day bitcoin will be world reserve currency.
Palider
Hero Member
*****
Offline Offline

Activity: 1120
Merit: 506


DAVID CHAUM's xx coin SALE IS NOW LIVE!


View Profile
November 25, 2019, 02:21:30 PM
 #167

This is hard to do especially since we can easily create a new bitcoin address, Like in Coinbase, Electrum, Coinomi and many more. We also cannot control bitcoin because it is anonymous and we have no idea who actually created bitcoin.

So I think bitcoin will remain decentralized and unstoppable.



███████                   
                      ██████████                        ██       
                       ████████████                  ███       
                                ██████████           █████       
                                        ███████      ██████         
██████                  ███████     ████
████████                ██████     ██   
██████████        ████████           
███████████    █████████           
████████    ████████
   
      ███████    ████████       
              ██████    █████████████ 
          █████████      ███████████ 
      ███████████          █████████ 
██████████████                       
████████████████                       
███████      ████████████           
██████        ████████████           
████                ██████████           

.xx-coin.io.

DAVID CHAUM's xx coin SALE IS NOW LIVE!

mlmdaily
Newbie
*
Offline Offline

Activity: 57
Merit: 0


View Profile
November 25, 2019, 08:21:03 PM
 #168

BTC is trackable now Smiley To register a crypto wallet you should always pass KYC. Well, you can stay away from it but then you won't be able to exchange crypto/fiat.
Bitcoin ShitList
Jr. Member
*
Offline Offline

Activity: 170
Merit: 1



View Profile
November 26, 2019, 10:41:45 PM
 #169

Bitcoin transactions using blockchain are difficult to track if not impossible, UK just subscribed to the idea of trading cryptocurrency, a lot of other nations do not,its not time yet for bitcoin to become globally acceptable
southafricadude
Member
**
Offline Offline

Activity: 142
Merit: 15


View Profile WWW
November 27, 2019, 01:42:18 AM
 #170

Bitcoin is traceable, and if you are buying on an exchange with KYC, your ID is linked to your bitcoin.
There are ways to get around this, just like there is with USD. Is your ID on a dollar bill?

Website:Bitcoin South Africa - Twitter: @bitcoinzar - Facebook: @bitcoinzar
YOSHIE
Sr. Member
****
Offline Offline

Activity: 560
Merit: 431


invest.matrixport.dev - Grow your wealth!


View Profile
November 27, 2019, 08:25:01 AM
 #171

I think there has to be a way to create a tracking system for bitcoin. Every wallet must contain ids. Otherwise,
It's a silly joke, it makes no sense.
No need to make Bitcoin as a global currency, it will make the price of bitcoin equivalent to the value of currencies in general, such as the dollar, eur etc.
where there is a currency in this world can reach $ 10,000 - $ 20.000, ridiculous.
I prefer as it is today, Bitcoin is valued with a very high and fantastic sale value, much higher with the price of gold.
Your mind is a bit chaotic and confusing, talk about IDs, tracking, etc.
Give ideas that make us able to have fun with Bitcoin now.
For example:
https://bitcointalk.org/index.php?topic=5198754.0


  ████                                ███
  ███████                    ██████
  ██████████        █████████
  █████████████████████
██████████            ██████████████       ██████████
█████████████
              ████████          █████████████
████████████████                            ████████████████
████████████████████            ████████████████████
██████  ███████████████    ███████████████  ██████
██████          ████████████████████████          ██████
██████                ██████████████████                ██████
██████                      ████████████                      ██████
██████          █                ██████                █          ██████
██████          ████                                ████          ██████
██████          ████████                ████████          ██████
██████          ███████████    ███████████          ██████
██████              ████████████████████              ██████
██████                    ██████████████                    ██████
██████                          ████████                          ██████
██████████████████████████████████████████████



  ████▄▄▄                ▄▄▄████
  █████████        █████████
          ██████████████     
               ▀▀▀███▀▀▀         

  ████▄▄▄                ▄▄▄████
  █████████        █████████
          ██████████████     
               ▀▀▀███▀▀▀         

Grow Your Wealth Today!
[]

  ████▄▄▄                ▄▄▄████
  █████████        █████████
          ██████████████     
               ▀▀▀███▀▀▀         

  ████▄▄▄                ▄▄▄████
  █████████        █████████
          ██████████████     
               ▀▀▀███▀▀▀         

Download Our
Investment App

for Android & iOS

████
██████
█████████
█████████████
████████████████
████████████████████
████████████████████████
████████████g█████████
██████████g███████
████████g██████
██████g██████
██████████
██████
███

                 ████
                ████
                ▀▀
     ,▄▄▄▄▄▄      ▄▄▄▄▄▄
   o████████▄██▄████████
  ████████████████████
 d███████████████████
,███████████████████
`███████████████████
 █████████████████████
  ████████████████████████
   ██████████████████████
    ████████████████████
     `████▀▀  ▀▀██████
ampu
Full Member
***
Offline Offline

Activity: 203
Merit: 100


BBOD Zero-Fee Exchange


View Profile
November 27, 2019, 08:45:10 AM
 #172

Bitcoin is a global currency.  Bitcoin is accepted in developing countries.  Authorities fear bad people use Bitcoin to illegally transfer money between countries.  But if there is an illegal transfer, it is their money and they are entitled.  Authorities must investigate and not blame Bitcoin.
The problem with Bitcoin is that so many people want to speculate on Bitcoin and this makes the risk of manipulating Bitcoin value very large.  The number of Bitcoin remaining in the world is very small and the governments of their countries are not interested in Bitcoin mining and owning them because they have come later in this race.  They will find a way to create their own crypto.


TRONTON
Sr. Member
****
Offline Offline

Activity: 868
Merit: 252


View Profile
November 27, 2019, 09:44:55 AM
 #173

bitcoin is growing fast on a decentralized path, tracking systems can be seen in transaction hashes. But for ID, not everyone wants it, especially whales, here there is something interesting related to economic freedom.

if bitcoin is included in a centralized system, making it adopted faster, but its value will continue to be suppressed by various policies that will never be higher than fiat, this will make bitcoin end up as a river rock. BTC will become a global currency in its own way.
Nolimitz84
Sr. Member
****
Offline Offline

Activity: 924
Merit: 252



View Profile
November 27, 2019, 10:17:50 AM
 #174

Bitcoin is traceable, and if you are buying on an exchange with KYC, your ID is linked to your bitcoin.
There are ways to get around this, just like there is with USD. Is your ID on a dollar bill?

Yes but there are decentralized exchanges in which KYC is not needed.At this stage of the formation of cryptocurrencies and bitcoin in particular, it is very difficult to determine the owner of bitcoin.

Samsungs10
Newbie
*
Offline Offline

Activity: 13
Merit: 0


View Profile
November 27, 2019, 10:55:49 AM
 #175

Bitcoin is a global currency. Bitcoin is accepted in developing countries, the amount of Bitcoin left in the world is very small and the governments of their countries are not interested in mining Bitcoin and own it because they have come later in this race.
ohyeahhaha122
Jr. Member
*
Offline Offline

Activity: 221
Merit: 7


View Profile
November 27, 2019, 12:54:59 PM
 #176


I think what you said is only a part, bitcoin is also constrained by the development of organizations that can be affected when bitcoin becomes popular in the world like banks, ... yeah as you think I am think so, only need to remove the disadvantages of cryptocurrencies, then it can develop

██████████████  CARTESI 📱 LINUX INFRASTRUCTURE FOR SCALABLE DAPPS  ██████████████
https://cartesi.io/
LUCKMCFLY
Hero Member
*****
Offline Offline

Activity: 868
Merit: 789


DAVID CHAUM's xx coin SALE IS NOW LIVE!


View Profile
November 27, 2019, 01:55:49 PM
 #177

~snip~

All the time there will be multiple ways to blame Bitcoin for money laundering, crimes, many bad things, but we must start that all crimes against humanity have been planned and managed with FIAT money.

The adoption of Bitcoin is a fact, it is starting with more force in countries with acute financial crises, with high inflation and with a high content of great need, the demand that is being managed is impressive, and more now that the price is high volatility, many investors take advantage of FUD to buy cheap, weak hands sell, negative news, that is, the market moves in a very fast way, movements are much faster than in the Stock Market, this is a great indication of adoption and new players in the market.



███████                   
                      ██████████                        ██       
                       ████████████                  ███       
                                ██████████           █████       
                                        ███████      ██████         
██████                  ███████     ████
████████                ██████     ██   
██████████        ████████           
███████████    █████████           
████████    ████████
   
      ███████    ████████       
              ██████    █████████████ 
          █████████      ███████████ 
      ███████████          █████████ 
██████████████                       
████████████████                       
███████      ████████████           
██████        ████████████           
████                ██████████           

.xx-coin.io.

k@suy
Sr. Member
****
Offline Offline

Activity: 518
Merit: 252


View Profile
November 27, 2019, 07:04:44 PM
 #178


I think what you said is only a part, bitcoin is also constrained by the development of organizations that can be affected when bitcoin becomes popular in the world like banks, ... yeah as you think I am think so, only need to remove the disadvantages of cryptocurrencies, then it can develop
Yes. Many more reasons why bitcoin still not accepted as global currency, I think in order for it to accept as global currency is, when it has a physical coin and it is regulated in a country or in government. Also, many crimes related to bitcoin created a bad image to it.
Savemore
Sr. Member
****
Offline Offline

Activity: 714
Merit: 250


View Profile
November 27, 2019, 11:29:02 PM
 #179

~snip~

All the time there will be multiple ways to blame Bitcoin for money laundering, crimes, many bad things, but we must start that all crimes against humanity have been planned and managed with FIAT money.

The adoption of Bitcoin is a fact, it is starting with more force in countries with acute financial crises, with high inflation and with a high content of great need, the demand that is being managed is impressive, and more now that the price is high volatility, many investors take advantage of FUD to buy cheap, weak hands sell, negative news, that is, the market moves in a very fast way, movements are much faster than in the Stock Market, this is a great indication of adoption and new players in the market.
Bitcoin is better than fit money in terms of transaction but there are also disadvantages of mass adoption. Right now, the senate of our government are talking about the money laundering that keep increasing because of the regulation of cryptocurrencies.
DreamStage
Sr. Member
****
Offline Offline

Activity: 628
Merit: 258


Stake is the best!


View Profile
November 27, 2019, 11:44:53 PM
 #180

At current state it can not become a global currency due to illegal activities as some of the ones you described.
Another reason is due to political money countrol by the governments including taxes.

If everything would have an id stick to it it wouldn't be cryptocurrency anymore but other "thing".
Cryptocurrencies are anonymous therefore you can't link it an id and that's it.

Sure there could be mandatory regulation that would incentivate it's global usage but overall and currently it's impossible.
Pages: « 1 2 3 4 5 6 7 8 [9] 10 11 12 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!