Why bitcoin can not become a global currency

[ashmodeus]

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. Do you think it would worth this much if it is trackable. I dont think so. There will be altcoins that work with tracking system and ids. They will become a global currency. Bitcoin? I think never. What do you think?

it based your mind right ?
and well,that really different with creator mind.
basicaly, satoshi just want this be simple. no need regulation , no need such as u say.
and i am really sure , satoshi doesn't want btc to be global currency

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[Chris Barth]

Firstly, you're question seems to be directed to only "gents"... We've got ladies here... Lol

About what you said, I don't think bitcoin can be tracked. However, there has always been a way around everything, so, I won't be surprised if they find a way to do it. However, even if it can be tracked, I think it'll be a very stressful thing to do.

[Eclipse26]

If bitcoin will never be the global currency, then what more for altcoin? Bitcoin is dominating in the market. If tracking system were to be made, what's the point of anonymity? With tracking system, others can track everything.
If it'll be the global currency with tracking device, it will be more likely to be somehow centralized. The government can track every transaction

[Ashong Salonga]

One of the reasons why bitcoin cannot become a global currency because it is not recommended by government officials. Some countries are banning it because they do not have the power to handle it. Thus, if government do not accept it, people cannot use it officially.

[Wintersoldier]

One of the reasons why bitcoin cannot become a global currency because it is not recommended by government officials. Some countries are banning it because they do not have the power to handle it. Thus, if government do not accept it, people cannot use it officially.

This is indeed a fact but I want to add more reasons why. In almost all country, we government embed taxes to help the nation grow since we need budget for infrastructure and projects. In this case, since bitcoin is decentralize, we need a way to make it possible. So far, I haven't seen any crypto that provides the function of utilization of taxes so government can still have control over the country.

[Rufsilf]

One of the reasons why bitcoin cannot become a global currency because it is not recommended by government officials. Some countries are banning it because they do not have the power to handle it. Thus, if government do not accept it, people cannot use it officially.

That is why they need to pursue the regulations process in order to regulate crypto and from then, they can control the entire crypto market. But they have failed already, crypto holders never think that it will be the solution of scamming and illegalities happen around with crypto.

Bitcoin's development still going on, it may be the adoption aren't enough for the goverment to reconsider and gives support to us. But we can't just be hopeless, the time will come that they'll open up their mind and could appreciate the importance of Bitcoin to us now.

[boyptc]

This is like giving the cash that we have a security number but there's no way to track them. But it seems that you don't understand the point of what satoshi did on why he has created bitcoin.

You are concern for bitcoin's adoption but whether it has it or not, the gov't will always intervene to stop it.

[adzino]

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.
-snip-

If we alter anything in the bitcoin system, it won't be the same bitcoin that we are using. Again, if we start adding IDs to the wallet and keep tracking everything, then we no longer follow the main goal of bitcoin. No more privacy or financial freedom. There won't be any difference between using bitcoin and paypal. Remember, too many restriction is never a good thing. Nothing is preventing bitcoin from being a global currency. And if you didn't know, it is already a global currency.

[aysg76]

This is like giving the cash that we have a security number but there's no way to track them. But it seems that you don't understand the point of what satoshi did on why he has created bitcoin.
You are concern for bitcoin's adoption but whether it has it or not, the gov't will always intervene to stop it.

Just not that, he is also not clear about the concept of cryptocurrency.
See here:

I think this is the only think that preventing bitcoin to become a global currency. Do you think it would worth this much if it is trackable. I dont think so. There will be altcoins that work with tracking system and ids. They will become a global currency. Bitcoin? I think never. What do you think?

It is not possible to create cryptocurrency with tracking system as the architecture on which it works i.e. blockchain and it is not possible to broadcast sender's detail on blockchain along with coins. This is only possible if coin is used within a specific ecosystem - for example, sending from Coinbase account to Coinbase account through email address. But that's not cryptocurrency, it is just digital representation of cryptocurrency.

Hi, Gents,

But most important of all, you are addressing only males. That is not fair! 

[cotton ball]

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. Do you think it would worth this much if it is trackable. I dont think so. There will be altcoins that work with tracking system and ids. They will become a global currency. Bitcoin? I think never. What do you think?

Bitcoin not become global currency because many people do not know with bitcoin, they can't use bitcoin for transaction or sent to other wallet. How to use bitcoin and what for using bitcoin still do not understand by many people, they less information about bitcoin as transaction and become currencies for sending and receiving using bitcoin.

[shield132]

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. Do you think it would worth this much if it is trackable. I dont think so. There will be altcoins that work with tracking system and ids. They will become a global currency. Bitcoin? I think never. What do you think?

Omg, you are so wrong. At first please can you explain to me what does global currency means for you? Do you want to see bitcoin the only currency in this world used by all of nations? I highly doubt that will happen without whole globalisation, otherwise you can use bitcoin from any place of this world to any place to send money.
Also bitcoin isn't that much safe for money laundering too, if you see a lot of people are caught recently for bitcoin money laundering and scam projects.
Also for global purposes, I think yes, altcoin will be better option, new altcoin with suited possibilities for this.

[Artemis3]

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. Do you think it would worth this much if it is trackable. I dont think so. There will be altcoins that work with tracking system and ids. They will become a global currency. Bitcoin? I think never. What do you think?

They already have, its called the blockchain, and wallet signature. If you want them to track you, you simply tell them which ones belong to you.

Contrary to your misbeliefs, Bitcoin is rather poor for "money laundering", as it leaves more traces; and if you voluntarily reveal it, they have complete info about your transactions.

If anything, its is people's misconceptions (such as yours) that prevents Bitcoin from achieving even more success. But the time for sensationalist media fud will fade with time, as more and more people use it and debunk those myths.

[Magkirap]

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. Do you think it would worth this much if it is trackable. I dont think so. There will be altcoins that work with tracking system and ids. They will become a global currency. Bitcoin? I think never. What do you think?

It is hard for bitcoin to become a currency, bitcoin wasn't stable, it was extremely volatile. This is because it is not regulated by the government. Also, Bitcoin or cryptocurrencies are still at the initial phase of their journey and not yer fully adopted by the peoole and businesses. On the other hand, the adoption was still on the process, new people everyday are becoming aware about btc and trying to use it by themselves.

[hulla]

Even if Bitcoin was created by the G7 and the institutions it will never be global currency because the government of every country in the world will never let the legacy of their national currency obsolete while they embrace global currency. Mind you, this is the reason why the G7 and the institutions are against Libra coin.
Meanwhile, having a global coin will lead to conflicts cause the rules and regulations of every country on the globe are not all the same. But Bitcoin can still be mainstream of payment.

[Oceat]

Digital currency as a global currency is not what each country like to happen. Besides, cryptocurrency doesn't work without the help of a fiat so that's why in the first place, using Bitcoin as a global currency is not yet effective.

Each country has its own use of their respective national currency as a symbol that they are independent. Besides, the problem of using cryptocurrency or digital currency is still having a huge flaw in terms of using it.

[crossabdd]

one of the uniqueness of bitcoin is privacy. unknown to the owner and difficult to trace (although it still can) but transaction records remain. if bitcoin is given an ID, bitcoin will lose one of its uniqueness. and influence bitcoin. but keep calm, friend, I have read an article about altcoin which has an ID / serial number, namely KRATSCOIN (KTC) please check here http://3.0.49.178/ This is a new coin that has a serial number. but currently still in the development stage.

[rodel caling]

Be patient time has come for bitcoin  become global currency, is too very you g for bitcoin become a global currency and need a lot of improvements bitcoin become global currency.
Regutation is the key for bitcoin become global currency, I heard another proposal  from the gold fund proposed to the US security  and exchange commission as traded. If this proposal approve by us sec possible this the start for bitcoin become global currency.

[Maslate]

Be patient time has come for bitcoin  become global currency, is too very you g for bitcoin become a global currency and need a lot of improvements bitcoin become global currency.
Regutation is the key for bitcoin become global currency, I heard another proposal  from the gold fund proposed to the US security  and exchange commission as traded. If this proposal approve by us sec possible this the start for bitcoin become global currency.

Bitcoin is still young so it will still need more improvements and developments for it to become a global currency. For now, a lot of people are still skeptical about bitcoin usage but i know in the long run, bitcoin will be acknowledge by the people because of its own potentials and benefits. Once the government starts to support bitcoin, i believe all good things will follow. Regulations might be its key to be a global currency.

[diahsw]

in my opinion, why is bitcoin never a global currency, because every country already has its own currency, if you want to put bitcoin in it, of course there is a process that involves the entire country. If this is the case I find it difficult to make bitcoin a global currency ... !!

[Kambal2000]

in my opinion, why is bitcoin never a global currency, because every country already has its own currency, if you want to put bitcoin in it, of course there is a process that involves the entire country. If this is the case I find it difficult to make bitcoin a global currency ... !!

Added to that, not all countries are in favor in cryptocurrency, yes they might want crypto, but just means as payment solution, alternative money transfer for fast remitting or money, can be a form of investment but not as a global currency, although I would love too, still we know that it can't happen as of the moment.