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Author Topic: Bitcoin as a world power?  (Read 1211 times)
Rahar02
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November 11, 2020, 07:18:21 PM
 #61

The current world power will not allow bitcoin to become something more than it is now. But it would be interesting to see what happened then.

Anything can happen in the next 10-20 years, who knows about bitcoin at that time, as Satoshi said about bitcoin in 2010; in 20 years there will either be very large transaction volume or no volume. we will find out in 2030.

Not all governments are agreed to ban bitcoin or legalize bitcoin, like in Japan.
If what he meant was bitcoin as the currency that will dominate the world upon traditional fiat currency, it depends on people's choice.
Even if the government ban bitcoin, we can still use it by using a VPN to access overseas exchanges, yet bitcoin still can't accommodate a global scale at one time.


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November 11, 2020, 08:56:22 PM
 #62

This would be nice, but you know to become a world currency you need to gain the trust of the people first, and so far so good bitcoin has been able to gain at least 1% of the total world attention, I know they are so many people who don't still know about it, but it's a gradually process, we'll get to that stage soon, although it's already seen as a global currency.
I do understand that bitcoin is not a physical cash, that doesn’t stopped anything,You can move with millions of dollars in your wallet as bitcoin. It will be a positive impact if this happens.
Although it's not a physical cash that doesn't mean you can't get robbed, just store those millions in your ledger wallet and move around with your phone, sh*ts happen sometimes, you never can tell.

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November 12, 2020, 02:09:00 AM
 #63

It could be that what you say comes true but a president cannot make his own decision to legalize Bitcoin in his country, because the president has to discuss it with other important people to make sure Bitcoin is legalized in their country, if everyone agrees and it is definitely safe to use Bitcoin in its own country.
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November 18, 2020, 07:12:24 AM
 #64

Bitcoin has the capacity to change the world economy yet I figure it will influence awful on us.
I know there are numerous advantages of bitcoin yet we can not avoid the fact that it is using illegal in many areas.
Banks can follow the fiat exchange however not for crypto, which means it's become hard to follow who is utilizing the crypto.
I think bitcoin can only good in the digital world and hope it won't replace the fiat else it can influence terrible on the economy.

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November 18, 2020, 07:29:19 AM
 #65

This will increase the creativity in bitcoin world.Have we thought of this, I’m seeing bitcoin leading the world as the world power cryptocurrency.If a president of the world power is a trader and in support of bitcoin, It will affect bitcoin positively, countries,people will now start to legalize bitcoin on their own.So it will be great if this happens, I do understand that bitcoin is not a physical cash, that doesn’t stopped anything,You can move with millions of dollars in your wallet as bitcoin. It will be a positive impact if this happens.

You must hope that Bitcoin gets the attention it needs from the Government and from there, we can say that it has the possibility of being a World Power. Bitcoin is already legal to use but in some countries they are being banned out because of the lack of knowledge of the people banning it. It will be a useful tool to be used but some developers are also pursuing into digitizing their local currencies. All we can do now is keep supporting Bitcoin and learn about its future developments.

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November 18, 2020, 09:13:10 AM
 #66

This will increase the creativity in bitcoin world.Have we thought of this, I’m seeing bitcoin leading the world as the world power cryptocurrency.If a president of the world power is a trader and in support of bitcoin, It will affect bitcoin positively, countries,people will now start to legalize bitcoin on their own.So it will be great if this happens, I do understand that bitcoin is not a physical cash, that doesn’t stopped anything,You can move with millions of dollars in your wallet as bitcoin. It will be a positive impact if this happens.

Bitcoin gained prominence due to its high level of trust, it also grew due to its decentralized nature, it means that, what Bitcoin offers is what is driving its growth. Although it's quite true that if the president of a world power support Bitcoin, it will grow even more but it is also good to remember that Bitcoin has been growing even without their support, further showing that with or without their support, Bitcoin is on the path of changing a lot of things in the world. However, looking from another point of view, it might be hard for a president to say that since it is obvious they can't control it, and what they can't control they might not support so that they won't lose their power.
Lastly, Bitcoin is already the world leading cryptocurrency because it can be trusted and can be accessed from anywhere in the world, but same can not be said of  the new digital currency created by central banks of some countries.

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November 18, 2020, 09:23:37 AM
 #67

This will increase the creativity in bitcoin world.Have we thought of this, I’m seeing bitcoin leading the world as the world power cryptocurrency.If a president of the world power is a trader and in support of bitcoin, It will affect bitcoin positively, countries,people will now start to legalize bitcoin on their own.So it will be great if this happens, I do understand that bitcoin is not a physical cash, that doesn’t stopped anything,You can move with millions of dollars in your wallet as bitcoin. It will be a positive impact if this happens.

I think people like a decentralized bitcoin rather a centralize one which is under control of the government. But on the other side, you're right! If the leader of one country engage in crypto and make it legal, of course His fellowmen will also patronizing it. It has a huge impact to bitcoin and another digital currency , but what will be the effect of it to us?

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November 18, 2020, 09:28:02 AM
 #68

I will say you are right, but let us know that bitcoin is valuable than to be used only one person to referred to its progress, without Biden, bitcoin has been growing, it is supported by people because it is decentralized and deflationary currency. This means that even without Biden, bitcoin will still grow the more because more people will support it and be using it.

I agree. Although there are a few out there who can't recognise BTC as a digital currency and a few who do, at the end of the day what's important is adoption by the majority.
Even if public facing personas like Biden recognise the power BTC entails, the major role is still about the rest of the world responding in a positive manner.

Given the current state of the BTC it look likely that more people will join the BTC market just like they did in 2017, and that would contribute greatly to increasing BTC's marketcap which is what's needed to see the abundant growth everybody expects/talks about.

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November 18, 2020, 10:27:44 AM
 #69

This will increase the creativity in bitcoin world.Have we thought of this, I’m seeing bitcoin leading the world as the world power cryptocurrency.If a president of the world power is a trader and in support of bitcoin, It will affect bitcoin positively, countries,people will now start to legalize bitcoin on their own.So it will be great if this happens, I do understand that bitcoin is not a physical cash, that doesn’t stopped anything,You can move with millions of dollars in your wallet as bitcoin. It will be a positive impact if this happens.

You mean the US president will inverse in cryptocurrency.Actually if the president inverse in cryptocurrency,it won't be find by anyone.It will be a top secret one.And the transaction through crypto currency was not traceable one.Only if the world trader accept it as a phical currency,it will be a paper currency.

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November 18, 2020, 12:30:35 PM
 #70

Surely, this is profitable for the bitcoin users but it won't happens earlier. A fixed number or sector of people is leading and getting money with transaction fee samely as bitcoin. But as the bitcoin is way more transparent and easy to use also we can get or sent it instant so other methods will be destroyed if  a president supports bitcoin.

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November 18, 2020, 04:27:03 PM
 #71

This will increase the creativity in bitcoin world.Have we thought of this, I’m seeing bitcoin leading the world as the world power cryptocurrency.If a president of the world power is a trader and in support of bitcoin, It will affect bitcoin positively, countries,people will now start to legalize bitcoin on their own.So it will be great if this happens, I do understand that bitcoin is not a physical cash, that doesn’t stopped anything,You can move with millions of dollars in your wallet as bitcoin. It will be a positive impact if this happens.
IMO, even thou it will affect Bitcoin positively and became legalized. I do expect that the government/the one with a power will try to monopolized the most number of it in order to have a better control on the market and society so it's a drawbacks for the simple Joe's and bounty hunters.

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November 18, 2020, 04:47:49 PM
 #72

what is a world power and why it can increase creativity . i dont know if your sentence is too deep or your using words that are out of this world but hey i think i get what your trying to say . you mean that if you hold the most bitcoin that shows that you are powerful because you think bitcoin symbolizes power, is that right ? bitcoin isnt leading the world but it is leading the world of cryptocurrency  .

every country wants power but btc isnt enough because btc doesnt dominate everything. that is why i dont think other countries will unban btc just to join this movement .

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November 18, 2020, 06:10:22 PM
 #73

what is a world power and why it can increase creativity .
What I've caught from @op understanding is that with the independent nature of bitcoin, people can increase creativity that fiat has never offered.
In my opinion bitcoin is the power of freedom. We know that bitcoin's goal is not to oppose and fight against anything. Bitcoin is only for people who like freedom without breaking the rules.

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November 18, 2020, 07:07:26 PM
 #74

The current world power will not allow bitcoin to become something more than it is now. But it would be interesting to see what happened then.

Anything can happen in the next 10-20 years, who knows about bitcoin at that time, as Satoshi said about bitcoin in 2010; in 20 years there will either be very large transaction volume or no volume. we will find out in 2030.
It'll be in 10 years, but we can clearly see it happening. If people still don't believe on bitcoin despite the price and it's massive exposure on mainstream then they will regret it in 10 years wishing they should've invented a time machine.

Not all governments are agreed to ban bitcoin or legalize bitcoin, like in Japan.
Still bitcoin is untouchable, I didn't see any of countries having a standard or at least metal hand law against crypto except banning it.

If what he meant was bitcoin as the currency that will dominate the world upon traditional fiat currency, it depends on people's choice.
Even if the government ban bitcoin, we can still use it by using a VPN to access overseas exchanges, yet bitcoin still can't accommodate a global scale at one time.
  Decentralization might be favorable for all people, who does not want to take care of their own assets?

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November 18, 2020, 07:34:02 PM
 #75

Bitcoin is the best assets in the world to invest on, or trading with, because bitcoin is a global usage, and also secure on the digital form, without stress, having said that bitcoin taken over world power is added more advantage in the cryptocurrency community.
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November 18, 2020, 08:01:36 PM
 #76

what is a world power and why it can increase creativity .
What I've caught from @op understanding is that with the independent nature of bitcoin, people can increase creativity that fiat has never offered.
In my opinion bitcoin is the power of freedom. We know that bitcoin's goal is not to oppose and fight against anything. Bitcoin is only for people who like freedom without breaking the rules.
For me it still doesn't make much sense, but I agree when you say bitcoin's goal isn't to oppose anything, but to give people freedom without breaking the rules.
I think bitcoin is more about opportunity than creativity, because thanks to the digital currency, besides the speculation which can grants us profit, there is also a lot of new job and tasks offers on the internet. Without bitcoin I doubt they would exist. Maybe with opportunities the creativity awakes in people's minds, who knows... A bit philosophical here.

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serjent05
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November 18, 2020, 09:12:46 PM
 #77

This will increase the creativity in bitcoin world.Have we thought of this, I’m seeing bitcoin leading the world as the world power cryptocurrency.If a president of the world power is a trader and in support of bitcoin, It will affect bitcoin positively, countries,people will now start to legalize bitcoin on their own.So it will be great if this happens, I do understand that bitcoin is not a physical cash, that doesn’t stopped anything,You can move with millions of dollars in your wallet as bitcoin. It will be a positive impact if this happens.

As much as we wanted Bitcoin or to see Bitcoin leading the world as the world power cryptocurrency, it will still fall short of the fiat currency being implemented by the government.  And if ever the government issue a cryptocurrency then Bitcoin won't be the leading power of cryptocurrency since each country will vouch for each created cryptocurrency that renders BTC as an alternative and never be the main crypto that is used by every citizen of the world.

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Jeger.Kiting
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November 19, 2020, 07:29:45 AM
 #78

This will increase the creativity in bitcoin world.Have we thought of this, I’m seeing bitcoin leading the world as the world power cryptocurrency.If a president of the world power is a trader and in support of bitcoin, It will affect bitcoin positively, countries,people will now start to legalize bitcoin on their own.So it will be great if this happens, I do understand that bitcoin is not a physical cash, that doesn’t stopped anything,You can move with millions of dollars in your wallet as bitcoin. It will be a positive impact if this happens.

As much as we wanted Bitcoin or to see Bitcoin leading the world as the world power cryptocurrency, it will still fall short of the fiat currency being implemented by the government.  And if ever the government issue a cryptocurrency then Bitcoin won't be the leading power of cryptocurrency since each country will vouch for each created cryptocurrency that renders BTC as an alternative and never be the main crypto that is used by every citizen of the world.

Since the last 10 years bitcoin has gone through a long process, Bitcoin is still having trouble leading the world as a Cryptocurrency currency, and not all countries recognize bitcoin as a good impact for every country, not even all countries accept bitcoin growth in their country, maybe a developed countries that will issue licenses to ensure the growth of bitcoin as an alternative currency for each of its users in developed countries, even though some countries do not get permission from their government, at least there are some countries that have made breakthroughs to prove that bitcoin and cryptocurrency are good for petrify the country's economic growth ..
AicecreaME
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November 19, 2020, 12:45:47 PM
 #79

Bitcoin would eventually be a world power as many countries are slowly adapting and welcoming bitcoin. Bitcoin is currently leading and at the top of the list of cryptocurrencies. In no time, bitcoin would probably be used globally by different races because of its advantages and benefits.

There are still countries that have banned and made bitcoin illegal. However, many countries and states are starting to embrace the digital currency since it has few promising nature and features. Several government officials in other countries allowed bitcoin to be utilized and used by their citizens in accordance to the rules and regulations they have set. If ever the majority of the countries would start to do the same, bitcoin would really gain that world power. If the majority of the population is using something, it could bring a great influence. If ever bitcoin would be widely known and would have a lot of users and supporters, bitcoin community would grow bigger and bigger. This would signify power and control - some sort of domination.

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ice098
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November 19, 2020, 04:47:16 PM
 #80

This will increase the creativity in bitcoin world.Have we thought of this, I’m seeing bitcoin leading the world as the world power cryptocurrency.If a president of the world power is a trader and in support of bitcoin, It will affect bitcoin positively, countries,people will now start to legalize bitcoin on their own.So it will be great if this happens, I do understand that bitcoin is not a physical cash, that doesn’t stopped anything,You can move with millions of dollars in your wallet as bitcoin. It will be a positive impact if this happens.

As much as we wanted Bitcoin or to see Bitcoin leading the world as the world power cryptocurrency, it will still fall short of the fiat currency being implemented by the government.  And if ever the government issue a cryptocurrency then Bitcoin won't be the leading power of cryptocurrency since each country will vouch for each created cryptocurrency that renders BTC as an alternative and never be the main crypto that is used by every citizen of the world.

The mere fact that fiat currency were legally adopted and implemented by the government makes it the most reason why people still can't go off with this currency. What i really meant was bitcoin was a strong currency, a good investment with the current maket cap of almost $17000 no doubt that investors well continue to come with us but the only concerned raised by each member was the decentralized status of crypto. I think legalization still has a huge part for a bitcoin to be able to become world power.


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