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Nerazzura
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March 10, 2015, 07:00:11 AM |
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Is not surprising, and the governments won\t be able to stop bitcoin.We have to hear good stuff about this coin,not only negative ones.I in bitcoin,and i believe will become the top global currency!
I don't think it's as clear cut as "governments won't be able to stop bitcoin." Governments can and have done some awful things to control the people. They can certainly push bitcoin underground, which wouldn't be good. But the people control of this too. The people need to elect leaders that support the future they want to see. The people need to get more involved in politics. The people need to find their voice...then use it. the problem is, not everyone accepts and understands this. and most of those who already understand also do not know the direction and do in secret. we separated, just met in a forum like this. we need something more tangible. get it started |
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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LitcoinCollector
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March 10, 2015, 07:45:16 AM |
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Bitcoin is still developping, but the potential is enormous!
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PaulPierce
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March 10, 2015, 07:46:33 AM |
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It really is great to see isnt it? In my country I am generally paying a little bit extra than market for bitcoins at localbitcoins though I don't mind that much.
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Trader Galactic LLC
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March 10, 2015, 09:39:06 AM |
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Anybody know the current volume of BIT? Is that what's moving the price right now? Usually we get a crash after the GOVT auctions.
If I recall correctly we actually get a small dip prior to auctions and then once all the traders' fears are soothed that people won't be massively dumping the coins on the exchanges we actually get a good sized rally. No, the exact opposite has happened in the prior 2 fed auctions. |
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Inocencio
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March 10, 2015, 11:16:45 AM |
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i think bitcoin is still a long way from being the global currency
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Darude Sandstorm
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March 10, 2015, 11:47:57 AM |
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i think bitcoin is still a long way from being the global currency
Well I think it is already a global currency as you can move it around the world and across borders instantly, but what we need for it to truly become a global currency is merchants accepting it all around the world. It would be so cool if this happened. |
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Twipple
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March 10, 2015, 02:36:22 PM |
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Anybody know the current volume of BIT? Is that what's moving the price right now? Usually we get a crash after the GOVT auctions.
You can get an estimate from summing up the volume on different exchanges . I consider bitcoin to be a global currency already . And there are startups which are working just to get it mainstream. So I expect to hear more good news about it soon |
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gentlemand
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Welt Am Draht
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March 10, 2015, 05:46:12 PM |
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i think bitcoin is still a long way from being the global currency
It is a (not THE) global currency in a tiny, experimental way. There are several foreign countries I could wash up in right now and probably just about survive on nothing but BTC. By the end of the decade things might look rather more convincing. |
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jerol31
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March 13, 2015, 04:27:47 PM |
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Yes, that is correct. I agree with it.
Bitcoin is truly becoming a global currency, because of millions of people who are trading and mining.
I believe bitcoin will become even more popular in few years from now.
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Nerazzura
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March 13, 2015, 04:33:30 PM |
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i think bitcoin is still a long way from being the global currency
Bitcoin is very flexible because he can be accepted and exchanged with any payment and transaction done very quickly. No need to wait a long time. It's already happening now |
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BillyBobZorton
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March 13, 2015, 04:38:13 PM |
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i think bitcoin is still a long way from being the global currency
Bitcoin is very flexible because he can be accepted and exchanged with any payment and transaction done very quickly. No need to wait a long time. It's already happening now I had to send a bank transaction inside my country to another bank entity and it was so annoying now that im used to BTC transactions. Once you are in its forever. |
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aso118
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★Nitrogensports.eu★
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March 13, 2015, 05:29:04 PM |
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i think bitcoin is still a long way from being the global currency
Bitcoin is very flexible because he can be accepted and exchanged with any payment and transaction done very quickly. No need to wait a long time. It's already happening now I had to send a bank transaction inside my country to another bank entity and it was so annoying now that im used to BTC transactions. Once you are in its forever. The reason for the annoying procedures is government regulations. Banks have to comply with know your customer norms, anti-money laundering norms, foreign exchange rules, etc. Bitcoin has it easy.  |
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countryfree
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Your country may be your worst enemy
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March 13, 2015, 07:45:40 PM |
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BTC is a global currency, because there isn't any country behind it. Somehow, it's countryfree. Just like me.
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I used to be a citizen and a taxpayer. Those days are long gone.
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deisik
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English ⬄ Russian Translation Services
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March 13, 2015, 08:36:22 PM |
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It will be many years before it is used everywhere Unlike centralized system, everyone should take care of their own coins. If they have serious amount of coins, they can't rely on any third party including hard wallet makers (What if there is a back door? What if the wallet software is hacked? What if the key generated already exists?) So eventually they must learn all the bitcoin core mechanisms by themselves and learn how to protect their private key, that will take years  You could generate your keys on a disconnected computer (there are a lot of manuals on the net how to do it), write them down on paper, and then trash the computer's storage media (if you are that paranoid)... Why should this necessarily take years to learn? |
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dzambodzetem
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March 14, 2015, 09:18:55 AM |
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It will be many years before it is used everywhere Unlike centralized system, everyone should take care of their own coins. If they have serious amount of coins, they can't rely on any third party including hard wallet makers (What if there is a back door? What if the wallet software is hacked? What if the key generated already exists?) So eventually they must learn all the bitcoin core mechanisms by themselves and learn how to protect their private key, that will take years You could generate your keys on a disconnected computer (there are a lot of manuals on the net how to do it), write them down on paper, and then trash the computer's storage media (if you are that paranoid)... Why should this necessarily take years to learn? It can take years because not everybody is convinced to virtual currency. Many people (especially older) are not interested in some high tech money that you keep in your smartphone. BTC must be recognized by normal people in order to become global currency. |
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deisik
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English ⬄ Russian Translation Services
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March 14, 2015, 09:28:23 AM |
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It will be many years before it is used everywhere Unlike centralized system, everyone should take care of their own coins. If they have serious amount of coins, they can't rely on any third party including hard wallet makers (What if there is a back door? What if the wallet software is hacked? What if the key generated already exists?) So eventually they must learn all the bitcoin core mechanisms by themselves and learn how to protect their private key, that will take years You could generate your keys on a disconnected computer (there are a lot of manuals on the net how to do it), write them down on paper, and then trash the computer's storage media (if you are that paranoid)... Why should this necessarily take years to learn? It can take years because not everybody is convinced to virtual currency. Many people (especially older) are not interested in some high tech money that you keep in your smartphone. BTC must be recognized by normal people in order to become global currency. As to me, to believe in the bright future of bitcoin and learn how to safely work with it are two different things. The former may require a whole life (and some die-hards can't be convinced at all), while the latter can be done pretty fast... |
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Honeybooboo
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March 14, 2015, 11:36:15 AM |
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i think bitcoin is still a long way from being the global currency
Bitcoin is very flexible because he can be accepted and exchanged with any payment and transaction done very quickly. No need to wait a long time. It's already happening now I had to send a bank transaction inside my country to another bank entity and it was so annoying now that im used to BTC transactions. Once you are in its forever. The reason for the annoying procedures is government regulations. Banks have to comply with know your customer norms, anti-money laundering norms, foreign exchange rules, etc. Bitcoin has it easy. Sadly these regulations will eventually come to bitcoin too. It's just a natural process really as the governments aren't going to freely and easily launder your money like this without them wanting their cut. Using exchanges that don't comply with these laws will become illegal and it probably is already. BTC is a global currency, because there isn't any country behind it. Somehow, it's countryfree. Just like me.
I think bitcoin is the first truly global currency and it truly does have the power to be a borderless, worldwide currency. My dream is that it just catches on so everybody else sees it like this because without being able to spend it at many places across the world it is kinda useless as a currency but I think this will change over time. |
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deisik
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March 14, 2015, 11:52:47 AM |
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I think bitcoin is the first truly global currency and it truly does have the power to be a borderless, worldwide currency. My dream is that it just catches on so everybody else sees it like this because without being able to spend it at many places across the world it is kinda useless as a currency but I think this will change over time.
Gold was (and still remains) the first true and truly global currency by any means and thus for hundreds of years already. Whether bitcoin will be able to make it like gold did, remains to be seen. Personally, I think bitcoin is currently stuck between fiat and more apt cryptocoins, so it is not given that it won't be supplanted by them eventually... |
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dzambodzetem
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March 14, 2015, 12:05:46 PM |
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I think bitcoin is the first truly global currency and it truly does have the power to be a borderless, worldwide currency. My dream is that it just catches on so everybody else sees it like this because without being able to spend it at many places across the world it is kinda useless as a currency but I think this will change over time.
Gold was (and still remains) the first true and truly global currency by any means and thus for hundreds of years already. Whether bitcoin will be able to make it like gold did, remains to be seen. Personally, I think bitcoin is currently stuck between fiat and more apt cryptocoins, so it is not given that it won't be supplanted by them eventually... There is also one reason why people may not want participate in bitcoin. The reason is that virtual currency is... virtual. If the global internet hits a big problem, it will also affect virtual money. With Physical currency in your pocket you don't need to worry about hackers, blackouts, etc. |
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Honeybooboo
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March 14, 2015, 12:12:29 PM |
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I think bitcoin is the first truly global currency and it truly does have the power to be a borderless, worldwide currency. My dream is that it just catches on so everybody else sees it like this because without being able to spend it at many places across the world it is kinda useless as a currency but I think this will change over time.
Gold was (and still remains) the first true and truly global currency by any means and thus for hundreds of years already. Whether bitcoin will be able to make it like gold did, remains to be seen. Personally, I think bitcoin is currently stuck between fiat and more apt cryptocoins, so it is not given that it won't be supplanted by them eventually... Gold isn't very good as a currency for many reasons. Bitcoin is far superior in this regard in almost every imaginable way, though gold obviously has intrinsic value as a precious metal. There is also one reason why people may not want participate in bitcoin. The reason is that virtual currency is... virtual. If the global internet hits a big problem, it will also affect virtual money. With Physical currency in your pocket you don't need to worry about hackers, blackouts, etc.
Can I send gold to someone at the other side of the globe? Can I pay my friend a tiny little bit of gold for that money I owe him for those beers he bought me last night? Can I back my gold up multiples times to protect it? That's why bitcoin is far better as a currency. |
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