Bitcoin will not become the world currency.

[Despairo]

Satoshi never say Bitcoin will become a world currency or global reserved currency, so it must be someone that guessing Bitcoin will become a world currency because it can beat inflation and decentralized. While actually because of the 100% decentralization, it will make many governments doesn't want to accept Bitcoin since they can't control it. At least Bitcoin must not get banned and government should allow if there's merchants that want to accept Bitcoin, even though Bitcoin isn't become legal tender in that's country.

It's enough to encourage mass adoption.

[South Park]

In 2019, I was fascinated by Bitcoin after I was introduced to it. I have been following the attitude of governments towards bitcoin and hope it will be promoted. However there has been too much negative news in the past two years. I reacquaint myself with bitcoin and fiat money.

Money is a tool for exchanging goods and services in human social life, and whichever tool makes it into the system becomes the de facto currency. Governments regulate the economy by issuing money, which means they can control it. Bitcoin, on the other hand, cannot be controlled, which is why we like it, but also why governments don't like it.

After I figured it out, I no longer expect Bitcoin to be recognized by the state, and it doesn't need to be. It is part of a special asset, not a currency.
So I don't think Bitcoin is going to become a fiat currency.

Anyone that is expecting that bitcoin is going to replace fiat currencies or become the main form of money around the world is going to be disappointed, even if the fiat system collapsed governments will impose a new system on top of it because they can, but that should not really be news for anyone that actually follows this market, so what can bitcoin achieve? Bitcoin can become an alternative for those that want to reduce their participation on the fiat system, and that is more than enough for me and a great deal of people.

[CryptoHeadlineNews]

I have been following the attitude of governments towards bitcoin and hope it will be promoted.

So I don't think Bitcoin is going to become a fiat currency.

With this explanation, it is a clear sign you do not understand what Bitcoin actually stands for, because had it been you knew, you must have understood that there is a difference between Bitcoin and fiat currency (i.e dollar, pounds & Euro). And secondly, you must have understood that Bitcoin was designed to take power over the control over our finance from the hands of central banks/government to private individuals through the use of it's decentralized Blockchain, which is the reason why most government banned it or restricted in it's respective countries.

[avikz]

I see some members are again resorting to an old argument of one bitcoin is equal to one bitcoin. This is nonsense and not practical at all! Bitcoin can't replace the world order of fiat economy. Bitcoin can become a parallel currency system alongside the fiat economy and that's what is happening slowly.

Bitcoin is a super volatile asset and unless its price is fixed, there's no way people in reality will practice one bitcoin is equal to one bitcoin.

 

[goldkingcoiner]

I have been following the attitude of governments towards bitcoin and hope it will be promoted.

Stopped reading after this part. Are you serious? Of course the government is doing all it can to remain in control of currency. Especially when it comes to surveillance. Bitcoin was created because its not supposed to be part of the governments money scheme. Its something completely in a different system. Its decentralized and public. But also can be anonymous and impossible to trace to a person, if you know your way around erasing your tracks.

So why would anyone want to get rid of their freedom and listen to what the government promotes? 

[mendace]

In 2019, I was fascinated by Bitcoin after I was introduced to it. I have been following the attitude of governments towards bitcoin and hope it will be promoted. However there has been too much negative news in the past two years. I reacquaint myself with bitcoin and fiat money.

Money is a tool for exchanging goods and services in human social life, and whichever tool makes it into the system becomes the de facto currency. Governments regulate the economy by issuing money, which means they can control it. Bitcoin, on the other hand, cannot be controlled, which is why we like it, but also why governments don't like it.

After I figured it out, I no longer expect Bitcoin to be recognized by the state, and it doesn't need to be. It is part of a special asset, not a currency.
So I don't think Bitcoin is going to become a fiat currency.

I don't think it was ever said that Bitcoin was to become a fiat currency.  Rather a p2p payment method that is much more than a currency.  But seriously are we still talking about the price of Bitcoin?  When will it be understood that 1btc=1btc ?  If you are anchored to the price you will never understand the true value of Bitcoin, you have to start looking beyond to understand what financial freedom is and beyond.

[kryptqnick]

There are periods of negative news and positive news, depending on how the price is moving, and depending on whether there are bad events to spread FUD over. But there isn't anything happening that discredits Bitcoin itself and its usage. It's always something else, like potential legislation, centralized platforms (exchanges), investments by major companies or pulling investments out, etc. All such things are not essential for Bitcoin itself.
Bitcoin doesn't need to be recognized by countries, but it is recognized by many, and some recognize it as a currency. Bitcoin can be used in different ways, and perhaps the predominant way isn't that of being a currency, but it doesn't mean that Bitcoin is not a currency or that its future as a form of money is doomed.

[seoincorporation]

Bitcoin is more an investor's tool than a currency, and that's why some countries call it a digital asset. it wasn't made to be a daily-use coin. And even satoshi mentioned, Bitcoin will be worth a lot of money or zero, which were the two possible ways.

The main problem with bitcoin as a daily-use coin is the fees, if we want to buy a soda or something cheap, doesn't worth to pay the fees while they cost almost the same amount than the soda.

[Leviathan.007]

I'm not sure what you mean exactly by saying 'Bitcoin is going to become a fiat currency.' or what you expect to see in the future of bitcoin but from what we can see bitcoin is getting famous everyday sn ad getting more demand in it by the time, which can be good for bitcoin in the near future to get more demand but do expect to see bitcoin being used like fiat currency because bitcoin is a cryptocurrency, not a fiat currency which can have much difference like the total supply and beating decentralized.

[Fatunad]

Bitcoin is more an investor's tool than a currency, and that's why some countries call it a digital asset. it wasn't made to be a daily-use coin. And even satoshi mentioned, Bitcoin will be worth a lot of money or zero, which were the two possible ways.

The main problem with bitcoin as a daily-use coin is the fees, if we want to buy a soda or something cheap, doesn't worth to pay the fees while they cost almost the same amount than the soda.

Yeah, it was never intended nor being created to replace fiat and would kick it out into its current position.It was really just made for the sake on making out transactions without 3rd party involvement, which surprisingly
ended up on having a good value since the community do able to see the relevance when it comes into its utility.It is really just people are way too optimistic on what they do currently saw about Bitcoin.
Bitcoin would really remain out as an alternative and wont become the main currency we do have.People should really not really expect nor hopeful that much on what are the things that they do have
in mind.So that it wont really make frustrate them when it comes for these things not to happen.

[suzanne5223]

[snip]
After I figured it out, I no longer expect Bitcoin to be recognized by the state, and it doesn't need to be.

The fundamental concept of Bitcoin was never for it to become the world currency and it's not hard to understand that no government will ever rate BTC over their national fiat currency which represents the country's symbol and heritage. However, this doesn't mean some countries that understand the potential of BTC won't legalize it as legal payment.

It is part of a special asset, not a currency.
So I don't think Bitcoin is going to become a fiat currency.

Bitcoin is a special asset and it is also a currency because it every used as a medium of exchange and payment of service is technically a currency. Nevertheless, there's no way BTC will be fiat currency since it can not be held and not issued by the government.

[Vaskiy]

Bitcoin is more an investor's tool than a currency, and that's why some countries call it a digital asset. it wasn't made to be a daily-use coin. And even satoshi mentioned, Bitcoin will be worth a lot of money or zero, which were the two possible ways.

The main problem with bitcoin as a daily-use coin is the fees, if we want to buy a soda or something cheap, doesn't worth to pay the fees while they cost almost the same amount than the soda.

Yeah, it was never intended nor being created to replace fiat and would kick it out into its current position.It was really just made for the sake on making out transactions without 3rd party involvement, which surprisingly
ended up on having a good value since the community do able to see the relevance when it comes into its utility.It is really just people are way too optimistic on what they do currently saw about Bitcoin.
Bitcoin would really remain out as an alternative and wont become the main currency we do have.People should really not really expect nor hopeful that much on what are the things that they do have
in mind.So that it wont really make frustrate them when it comes for these things not to happen.

It is developed in such a way to eliminate the middle man as well as set as to serve as an alternate to the traditional fiat system. More of its usage is connected with gambling and illegal activities. Now slowly things have changed and people prioritise for investment and on daily needs. The fee is always a concern on day to day usage, but for products of higher price it is worth it.

[landheer]

I think too. it seems that bitcoin will be difficult to become a world currency, because the price of bitcoin is not stable, unlike dollars and so on, which have stable prices, (the meaning of stable here is that the volume of prices fluctuates not far.)
while bitcoin is unstable, so of course it will be difficult if it is used as currency.
but not a few of our friends buy and sell using bitcoin, but that's only a small part of the human population who make transactions using bitcoin.

but of course we won't know for the future.

[_act_]

I think too. it seems that bitcoin will be difficult to become a world currency, because the price of bitcoin is not stable, unlike dollars and so on, which have stable prices, (the meaning of stable here is that the volume of prices fluctuates not far.)

Meaning of stable when talking about coins is when the price of a coin is pegged with fiat or another coin, just like wBTC that was pegged with bitcoin, or USDT, USDC and TUSD that is pegged in price with United States dollars. Fiat itself is not having a stable price, the price is controlled by the central bank.

while bitcoin is unstable, so of course it will be difficult if it is used as currency.
but not a few of our friends buy and sell using bitcoin, but that's only a small part of the human population who make transactions using bitcoin.

Did you know that only just 5% of the world population in total are still using bitcoin? Point of correction, many of them that has it has used it as a payment before because of the inconveniences of first converting to fiat. There was a time I do not have fiat, I have no option than to send bitcoin to a friend that wanted to borrow money from me, because he knows about crypto and how to convert it to fiat, he did that process, instead of me doing it to send him fiat.

[Yatsan]

This is impossible; it is more likely to happen that Bitcoin would be used across countries but along with fiat currencies. A decentralized crypto technology being the main medium for payment is a punch to the moon and I myself won't cannot visualize it in the future. One reason is taxation issues from the governments.

I think too. it seems that bitcoin will be difficult to become a world currency, because the price of bitcoin is not stable, unlike dollars and so on, which have stable prices, (the meaning of stable here is that the volume of prices fluctuates not far.)
while bitcoin is unstable, so of course it will be difficult if it is used as currency.
but not a few of our friends buy and sell using bitcoin, but that's only a small part of the human population who make transactions using bitcoin.

but of course we won't know for the future.

Nope, even in the future. Bitcoin would be surely having issues of total market behavior. Also , if ever there's that smallest chance for this thing to process, there will are lots of changes in terms of overall monetary system if that's the case. Fiat is an existing medium and things are not that easy to change. As we can see at the present, daily products are still on peso currency (perhaps with the currency in my country).

[NotATether]

In 2019, I was fascinated by Bitcoin after I was introduced to it. I have been following the attitude of governments towards bitcoin and hope it will be promoted. However there has been too much negative news in the past two years. I reacquaint myself with bitcoin and fiat money.

Once we (the industry) collectively figure out how to prevent zombie companies from fractional-reserving user funds away, this torrent of bad news will stop.

Unfortunately, most policy people and those with influence aren't interested in helping us, most of them just cover their ears and shout "Bitcoin is scam". SMH

[sunsilk]

However there has been too much negative news in the past two years.

That's been happening since it was launched and that's why it's not just only happening for the past two years but overtime, it's been receiving a lot of criticisms and negativities.

After I figured it out, I no longer expect Bitcoin to be recognized by the state, and it doesn't need to be. It is part of a special asset, not a currency.
So I don't think Bitcoin is going to become a fiat currency.

It is okay if that's what you think about bitcoin whether as a currency or an investment. But you have to determine the difference between bitcoin and fiat currency.

[Rana590]

I think too. it seems that bitcoin will be difficult to become a world currency, because the price of bitcoin is not stable, unlike dollars and so on, which have stable prices, (the meaning of stable here is that the volume of prices fluctuates not far.)
while bitcoin is unstable, so of course it will be difficult if it is used as currency.
but not a few of our friends buy and sell using bitcoin, but that's only a small part of the human population who make transactions using bitcoin.

but of course we won't know for the future.

There are a lot of stable coin like USDT, USDC, BUSD and so on but these are not using as any country's currency. Bitcoin will be available for all the people beside of local currency. Obviously fiat currency will be running but we will be able to see good movement from Bitcoin also. It is fast, secure and it reduces our fees. We have to adopt with digital currency in upcoming days.

[Accardo]

I'm curious about Satoshi the creator of bitcoin if he ever considers bitcoin to become a global currency, since he doesn't trade a single sat. From his actions its certain that he aimed at a building a decentralize network for exchanging not only currencies but information and programs. The problem with bitcoin today is what, OP, is writing about. Expecting bitcoin to be accepted everywhere and by everybody in the world. You see that even some country's currencies are not accepted by everybody except it is changed to their own currency. That's how bitcoin works, some people may not take your bitcoin but, if you exchange it to their local currency they'll definitely accept it. That's how these currencies work. On the cryptocurrency space, if I don't accept doge, you need to change the doge to bitcoin before I'll trade with you. So, in a nutshell, bitcoin is accepted everywhere, just that it's not hodled everywhere.

[Abiky]

In 2019, I was fascinated by Bitcoin after I was introduced to it. I have been following the attitude of governments towards bitcoin and hope it will be promoted. However there has been too much negative news in the past two years. I reacquaint myself with bitcoin and fiat money.

Money is a tool for exchanging goods and services in human social life, and whichever tool makes it into the system becomes the de facto currency. Governments regulate the economy by issuing money, which means they can control it. Bitcoin, on the other hand, cannot be controlled, which is why we like it, but also why governments don't like it.

After I figured it out, I no longer expect Bitcoin to be recognized by the state, and it doesn't need to be. It is part of a special asset, not a currency.
So I don't think Bitcoin is going to become a fiat currency.

Bitcoin will never become a world currency simply because it's decentralized by design. Governments won't easily give away their control over Fiat for something they can't control. If they adopt Bitcoin, they will use it alongside Fiat (not as a replacement of Fiat). I'm fine with that as long as Bitcoin works as intended. Who said Bitcoin needs to become a "world currency" to succeed? The Internet is already global, so technically, Bitcoin can be used anywhere in the world without restrictions/limitations whatsoever (yes, even in oppressive countries like China and Russia thanks to its decentralized and censorship-resistant design).

We should expect constant opposition from central banks and governments against Bitcoin simply because it gives people the ability to experience true financial freedom. I wouldn't care about this, as long as the blockchain protocol remains decentralized. Who knows if Bitcoin lasts for generations? Just my opinion