Why bitcoin can not become a global currency

[Firecold4]

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

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[samcun]

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.

[Prateek_sharma]

Because of decentralization and anonymous.. one day bitcoin will be world reserve currency.

[Palider]

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.

[mlmdaily]

BTC is trackable now 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]

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]

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?

[YOSHIE]

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

[ampu]

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]

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]

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]

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]

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

[LUCKMCFLY]

~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.

[k@suy]

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]

~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]

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.

[Daffadile]

Linking an ID to a wallet is insane. What more must the government want?

Bitcoin is already a global currency and can be used in many places all over the world.

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.

Crap man. What illegal activities? It is the governments that want to remain in power like some sort of monarch and us peasants must use their fiat. The tax thing is another story but it has nothing to do with the government but they still want their cut.

[Yamifoud]

~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.

We haven't blame Bitcoin for these evil doings cause it has been existed before then. Anyway, we can't deny that they are prefered to use crypto over fiat because of fast and easy transfer, and the being in anonymous.

Back then,
There are a lot of reasons why Bitcoin can't be easy becoming a global currency one is that, REGULATION. People could feel they will be secured when they are protected by the government. Regardless of its volatility, business owners need assurance as well cause they are afraid any time of the day they will lose their money.

[AjithBtc]

~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.

We haven't blame Bitcoin for these evil doings cause it has been existed before then. Anyway, we can't deny that they are prefered to use crypto over fiat because of fast and easy transfer, and the being in anonymous.

Back then,
There are a lot of reasons why Bitcoin can't be easy becoming a global currency one is that, REGULATION. People could feel they will be secured when they are protected by the government. Regardless of its volatility, business owners need assurance as well cause they are afraid any time of the day they will lose their money.

Most important is the regulations, even after years of its service all around in different sectors there is misunderstanding among the people that bitcoin and other cryptocurrencies were meant for gambling and other illegal activities. This perspective needs to change, and to experience such a change it takes time. In some means it is perfectly a global currency, because it is the one that can be converted to any of the fiat form as required.