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majorminers
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March 14, 2015, 12:29:07 PM |
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Ease of use and universal acceptance are required to make a truly global currency. When Bitcoin achieves those hallmarks it will be one.
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Lauda
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March 14, 2015, 12:51:32 PM |
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Well if you take a look at localbitcoins you can find a list of 240 countries. It's amazing that Bitcoin has spread to countries like Burkina Faso. I'm pretty sure that the majority of people never even heard of it.
Pretty much everything is in a positive state, expect the price.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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Honeybooboo
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March 14, 2015, 12:55:32 PM |
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Well if you take a look at localbitcoins you can find a list of 240 countries. It's amazing that Bitcoin has spread to countries like Burkina Faso. I'm pretty sure that the majority of people never even heard of it.
Pretty much everything is in a positive state, expect the price.
Exactly and the price not rising with the demand is the most disappointing thing. Whilst there are bitcoin users in far off places they might be the only one and if they are they've got nobody to sell to or buy from or spend their coins on anything. As I've said before I think we just need some patience for btc and we should see some gains eventually but this will take some time. Hopefully certain industries will see the benefits of accepting bitcoin and get on board sooner or later and if so the price should rise accordingly. |
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dzambodzetem
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March 14, 2015, 01:59:22 PM |
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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.
Bitcoin is more practical that's true. But for some people and in some scenarios it is less safe. For example in 2003 in there was a power outage in Northeastern and Midwestern United States and many people where out of energy for almost two days. In 1999 Southern Brazil also experienced blackout. If you have physical money you still can buy things like food and so on. |
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deisik
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English ⬄ Russian Translation Services
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March 14, 2015, 02:52:20 PM
Last edit: March 14, 2015, 03:05:35 PM by deisik |
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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. No one argues with this, gold drawbacks are well known and already priced in. But this doesn't in the least undermine what I have said previously, that gold is the only true currency out there that has lasted for centuries (actually millenia), and still remains highly valued even today, despite all the fuss with fiat monies and recently cryptocoins... |
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aso118
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★Nitrogensports.eu★
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March 14, 2015, 03:48:32 PM |
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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.
Bitcoin is more practical that's true. But for some people and in some scenarios it is less safe. For example in 2003 in there was a power outage in Northeastern and Midwestern United States and many people where out of energy for almost two days. In 1999 Southern Brazil also experienced blackout. If you have physical money you still can buy things like food and so on. Forget blackouts, there is still a substantial section of the world population which does not even have access to the internet. Even if Bitcoin does become the global currency of choice, we need physical money to ensure that the entire population has access to a medium of exchange. I don't see fiat disappearing too soon. |
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Mr Tea
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March 14, 2015, 04:07:16 PM |
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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.
Bitcoin is more practical that's true. But for some people and in some scenarios it is less safe. For example in 2003 in there was a power outage in Northeastern and Midwestern United States and many people where out of energy for almost two days. In 1999 Southern Brazil also experienced blackout. If you have physical money you still can buy things like food and so on. Forget blackouts, there is still a substantial section of the world population which does not even have access to the internet. Even if Bitcoin does become the global currency of choice, we need physical money to ensure that the entire population has access to a medium of exchange. I don't see fiat disappearing too soon. There are limitations to all currencies but I don't think bitcoin will replace fiat, it's just an alternative. Obviously bitcoin will have it's drawbacks in certain situations like when you want to use it in the sticks or in the middle of the sahara desert but there are still work arounds. Anyone with a mobile phone or tablet can still send money, they'll just have to wait till they get a connection for it to be processed. You can also use paper wallets and import the money. As for blackouts its rare they happen and when they do they are resolved pretty quickly. |
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BillyBobZorton
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March 14, 2015, 04:31:27 PM |
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Well if you take a look at localbitcoins you can find a list of 240 countries. It's amazing that Bitcoin has spread to countries like Burkina Faso. I'm pretty sure that the majority of people never even heard of it.
Pretty much everything is in a positive state, expect the price.
Yeah im pretty sure in 3rd world countries bitcoin is playing a bigger role than we can even monitor, and it will keep getting bigger due sms tech making it possible for poor people to access the blockchain. |
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JohnTravolta
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March 14, 2015, 05:00:01 PM |
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ya, will be i think. even now bitcoin already be.
microsoft already receive bitcoin as their payment, its good progress.
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Lauda
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Terminated.
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March 14, 2015, 06:01:01 PM |
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Well if you take a look at localbitcoins you can find a list of 240 countries. It's amazing that Bitcoin has spread to countries like Burkina Faso. I'm pretty sure that the majority of people never even heard of it.
Pretty much everything is in a positive state, expect the price.
Exactly and the price not rising with the demand is the most disappointing thing. Whilst there are bitcoin users in far off places they might be the only one and if they are they've got nobody to sell to or buy from or spend their coins on anything. As I've said before I think we just need some patience for btc and we should see some gains eventually but this will take some time. Hopefully certain industries will see the benefits of accepting bitcoin and get on board sooner or later and if so the price should rise accordingly. Well people should be less focused on the price. The price just shows what people are willing to pay for a Bitcoin right now. Aside from that it's not that much relevant. One should really take a look at all those services that are being developed, and at the rising adoption. I guess we have a bigger problem currently aside from the price, and that is the 20MB fork. I guess these are rough times for Bitcoin, so one should be a bit patient. Hopefully all goes well. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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maku
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March 14, 2015, 07:37:19 PM |
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Well if you take a look at localbitcoins you can find a list of 240 countries. It's amazing that Bitcoin has spread to countries like Burkina Faso. I'm pretty sure that the majority of people never even heard of it.
Pretty much everything is in a positive state, expect the price.
Exactly and the price not rising with the demand is the most disappointing thing. Whilst there are bitcoin users in far off places they might be the only one and if they are they've got nobody to sell to or buy from or spend their coins on anything. As I've said before I think we just need some patience for btc and we should see some gains eventually but this will take some time. Hopefully certain industries will see the benefits of accepting bitcoin and get on board sooner or later and if so the price should rise accordingly. Well people should be less focused on the price. The price just shows what people are willing to pay for a Bitcoin right now. Aside from that it's not that much relevant. One should really take a look at all those services that are being developed, and at the rising adoption. I guess we have a bigger problem currently aside from the price, and that is the 20MB fork. I guess these are rough times for Bitcoin, so one should be a bit patient. Hopefully all goes well. Price may not the the greatest problem of bitcoin but it is certainly the most visible on. When you are talking about bitcoin price is the first question people ask you- every time. They do not care about technological things like how bit is the fork. |
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dzambodzetem
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March 14, 2015, 07:58:08 PM |
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Price may not the the greatest problem of bitcoin but it is certainly the most visible on. When you are talking about bitcoin price is the first question people ask you- every time. They do not care about technological things like how bit is the fork.
Agreed. But if bitcoin should become global currency it has to overcome more issues then just value. First of all BTC must be recognized by most of the population and that population also must trust that it wont collapse because of some error or someones doing |
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foxbitcoin
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March 14, 2015, 10:01:11 PM |
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that is pretty much the sort of scenario I was considering. It sounds like it would be very hard to do, but it is possible.
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picolo
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March 14, 2015, 11:55:09 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... For thousands of years...And it remains seen as a store of value and potential mean of exchange. Gold is also useful in a lot of industries including the jewelery industry. |
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pereira4
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March 15, 2015, 12:04:58 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... For thousands of years...And it remains seen as a store of value and potential mean of exchange. Gold is also useful in a lot of industries including the jewelery industry. Bitcoin is already more useful than gold. In an scenareo where there is no internet and we are back to middle ages maybe, but in modern society Bitcoin is way more useful than the alleged gold's intrinsic value. |
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Lauda
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Terminated.
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March 15, 2015, 08:11:54 AM |
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Well people should be less focused on the price. The price just shows what people are willing to pay for a Bitcoin right now. Aside from that it's not that much relevant. One should really take a look at all those services that are being developed, and at the rising adoption. I guess we have a bigger problem currently aside from the price, and that is the 20MB fork. I guess these are rough times for Bitcoin, so one should be a bit patient. Hopefully all goes well.
Price may not the the greatest problem of bitcoin but it is certainly the most visible on. When you are talking about bitcoin price is the first question people ask you- every time. They do not care about technological things like how bit is the fork. Well the underlying problem lies in the people, the society and so on. Obviously this discussion could lead us into hundreds of pages of text. People are ignorant, stupid, it just can't be fixed. They'd rather read about the life of Kim Stupidashian than learn something new like Bitcoin. Indeed, the price is the most visible one. I guess if we have another spike very soon, it would boost Bitcoin as a trend. It has happened already. Some of those people will definitely stick to Bitcoin afterwards. I would be comfortable if we had a price around $400 for quite some time, maybe a bit higher, just to get the media off of Bitcoins' back. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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deisik
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March 15, 2015, 08:16:17 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... For thousands of years...And it remains seen as a store of value and potential mean of exchange. Gold is also useful in a lot of industries including the jewelery industry. Bitcoin is already more useful than gold. In an scenareo where there is no internet and we are back to middle ages maybe, but in modern society Bitcoin is way more useful than the alleged gold's intrinsic value. How is it already more useful than gold and for what purposes specifically? I know about two ends that bitcoin is really useful for on a larger scale today, that is, for trading as a device for speculation, and for online gambling. What is your pick? |
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bensam123
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March 15, 2015, 08:57:42 AM |
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Well, I think what bitcoins were design for was to be global at the first place.
And getting rid of the usd and eur offers aren't exactly a part of bitcoin's globalisation, heh?
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biggerbig
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March 15, 2015, 09:19:35 AM |
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I'm pretty sure that Bitcoin is the future but as for now people are still not use to/ don't know about bitcoin or virtual currency in general. For example most of my friends don't know any thing about BTC and don't care. Even if I'm willing to explain it to them they still refuse to use btc or some of them even are not interested in my explanations. Maybe the right way for bitcoin is to advertise itself in some way? maybe on some e-sports event or in some ad on tv?
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LuckyBtc
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March 15, 2015, 12:22:27 PM
Last edit: March 15, 2015, 03:37:21 PM by LuckyBtc |
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I'm pretty sure that Bitcoin is the future but as for now people are still not use to/ don't know about bitcoin or virtual currency in general. For example most of my friends don't know any thing about BTC and don't care. Even if I'm willing to explain it to them they still refuse to use btc or some of them even are not interested in my explanations. Maybe the right way for bitcoin is to advertise itself in some way? maybe on some e-sports event or in some ad on tv?
Certainly Bitcoin is the future. I would like to know are your friends interested in tech at all? Because I've told my few non-techie friends about Bitcoins and they don't care about it. |
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