Bitcoin is Becoming a Global Currency

[HarHarHar9965]

Yes bitcoin became very big globally accepted currency. It will eventually be used even in illegal position in some countries.
When it sees socially acceptance from basic users like young adults, it will be even bigger.

If Bitcoin became global currency, it would necessarily limit what bankers and govt could do. It would be much, much more difficult for govt to finance wars, continually expand welfare roles  Bankers would also have more incentive to limit it's lending. If people ready to accept all these things means It will become a global currency.

[trickyriky]

all i can say is thank god the mass's are not as dumb as we think, as long as internet and electricity are controlled by some external source bitcoin will never get mass adoption, most people i talk to about crypto give me the same response, you want me to put my money into something that could be taken away by cutting off my internet, yeahh LOL pull the other 1

as much as i love crypto i do not want mass adoption, especially if we have to live by some retarded concept of guilty until proven innocent

[cointtoo]

I agree completely, My country didn't have anything to do with BTC before in around 2011 and saying BTC was like saying some coded sentence but now I seen multiple local exchanges in localbitcoins and few friends had already known about it and one (a programmer) even had specific technical knowledge and interest in it.

[Oscoda]

The potential of bitcoin is huge.

Being a global currency is not of them, because bitcoin is already a global currency. There is no currency which make it so easy to transfer money to another country with so much ease.

[EdenHazard]

For the first time, when I look at the offers on LocalBitcoins.com, there are a half-dozen currencies ahead of the US dollar, offering a higher price for Bitcoin than US dollar users.

Euros, South African Rands, New Zealand Dollars, Hong Kong Dollars, Polish Zloty, Malaysian Ringgits.

It is no longer just the US, EU or even China driving adoption.  There is a market for Bitcoins in major countries all over the world.

if you are talking about a global currency, then better explain first sense, because I think the sense of global currency wider than bitcoin itself, bitcoin take many years to become a global currency, but bitcoin has been used by many countries, may be regarded as global currency.

[nerFohanzo]

For the first time, when I look at the offers on LocalBitcoins.com, there are a half-dozen currencies ahead of the US dollar, offering a higher price for Bitcoin than US dollar users.

Euros, South African Rands, New Zealand Dollars, Hong Kong Dollars, Polish Zloty, Malaysian Ringgits.

It is no longer just the US, EU or even China driving adoption.  There is a market for Bitcoins in major countries all over the world.

if you are talking about a global currency, then better explain first sense, because I think the sense of global currency wider than bitcoin itself, bitcoin take many years to become a global currency, but bitcoin has been used by many countries, may be regarded as global currency.

It can be termed as global currency only when majority of the people starts using it, a small proportion of users cannot make bitcoins a global currency and it is used in many countries now but on the other hand majority of the people are not even about what bitcoins is all about, so in that case it is difficult to treat bitcoins as a global currency, and in reality bitcoins can never replace any major currencies.

[Pab]

No there is not and never will be,i hope.It is like tragic comedy.Look what bitcoin really is before posting
Bitcoin is even not a currency

[Adam1395]

Yeah I agree that the potential of bitcoin is huge, and crap like that but you have to admit that it is not growing as fast as you make it sound right in the first post of this thread, you have to accept the fact that bitcoin is new compared to other methods of doing transaction and the world might take another five years to actually accept bitcoin, and will demand some changes in the core existence and functionality of bitcoin transactions

[Amph]

Yeah I agree that the potential of bitcoin is huge, and crap like that but you have to admit that it is not growing as fast as you make it sound right in the first post of this thread, you have to accept the fact that bitcoin is new compared to other methods of doing transaction and the world might take another five years to actually accept bitcoin, and will demand some changes in the core existence and functionality of bitcoin transactions

what? actually it growing pretty nicely, on par with gold

this is how you see if something is growing, check the first value that the thing had when was born, and now check it today, all i see is a 1k-4000x increase(from under $1 dollar to current $400)

[jayce]

what? actually it growing pretty nicely, on par with gold

this is how you see if something is growing, check the first value that the thing had when was born, nd now check it today, all i see is a 1k-4000x increase(from under $1 dollar to current $400)

Some old folks from this forum used to sell 10k btc for less than 5$ so the price has increase alot since that time but the value is still not the same with gold yet. It is worthless for most of people because not all people know about this yet but sooner or later it will but for now it is not on par yet

[BTCBinary]

Bitcoin is already a Global currency. It is actually simpler and less expensive to make international transactions. It is the killer app for remittances.

[gkv9]

Some old folks from this forum used to sell 10k btc for less than 5$ so the price has increase alot since that time but the value is still not the same with gold yet. It is worthless for most of people because not all people know about this yet but sooner or later it will but for now it is not on par yet

You are right, not all but most of the people know about it and use it in their day-to-day lives with many living on BTC completely...
Some also bought 2 pizzas for 10k Bitcoins, but that was history and that's one of the main reasons why people are getting involved in Bitcoins seeing boom in the price which drew their attention towards this giant...

[Denker]

Bitcoin is already a Global currency. It is actually simpler and less expensive to make international transactions. It is the killer app for remittances.

That's true in case you can use Bitcoin around the globe.
But in terms of adoption around the world it is very far away from being a global currency.
And I'm not sure if we should aim for that. I would say lets continue building the network and companies using Bitcoin and then we will see how it plays out over the next years.

[Mitak]

Bitcoin is already a Global currency. It is actually simpler and less expensive to make international transactions. It is the killer app for remittances.

That's true in case you can use Bitcoin around the globe.
But in terms of adoption around the world it is very far away from being a global currency.
And I'm not sure if we should aim for that. I would say lets continue building the network and companies using Bitcoin and then we will see how it plays out over the next years.

Also I think that soon it is going to have higher transaction fees in order to keep the miners in

[avw1982]

I wouldn't go as far as to say it's a "global currency", but i'd say it's a "globally recognized asset". It isn't a currency because it isn't backed by a country, nor is it a country's official currency.

But it's nice and heartwarming to see a growth in a project we all have put effort in to. Maybe in a couple of years, a country will officially adopt bitcoin and maybe there might be a bitcoin Union

I don’t think government  are will allow bitcoin to rule in business transaction. If bitcoin comes inbetween government and business Its lose for government only. They can’t find taxes in between the bitcoin money. Corruption will not take part in any official transaction It will become transparent one. Will hope for bitcoin to become Global currency.

[Windpower]

I'm not sure I would class some of those countries as 'major' ... but there is a general sense now that bitcoins are leaving the USA, and at an accelerating rate.

I also wouldn't classify some of those countries as major.

But it is great to see that Bitcoin is getting adopted in more countries instead of the major ones like the USA, China and the EU.

I hope Bitcoin continues like this and is adopted in all countries. That would be really good for Bitcoin.

[lexuz]

I wouldn't go as far as to say it's a "global currency", but i'd say it's a "globally recognized asset". It isn't a currency because it isn't backed by a country, nor is it a country's official currency.

But it's nice and heartwarming to see a growth in a project we all have put effort in to. Maybe in a couple of years, a country will officially adopt bitcoin and maybe there might be a bitcoin Union

I don’t think government  are will allow bitcoin to rule in business transaction. If bitcoin comes inbetween government and business Its lose for government only. They can’t find taxes in between the bitcoin money. Corruption will not take part in any official transaction It will become transparent one. Will hope for bitcoin to become Global currency.

Not really, I think if government allow bitcoin as a payment in business. They can get tax from any transaction has been made.

[stromma44]

I wouldn't go as far as to say it's a "global currency", but i'd say it's a "globally recognized asset". It isn't a currency because it isn't backed by a country, nor is it a country's official currency.

But it's nice and heartwarming to see a growth in a project we all have put effort in to. Maybe in a couple of years, a country will officially adopt bitcoin and maybe there might be a bitcoin Union

I don’t think government  are will allow bitcoin to rule in business transaction. If bitcoin comes inbetween government and business Its lose for government only. They can’t find taxes in between the bitcoin money. Corruption will not take part in any official transaction It will become transparent one. Will hope for bitcoin to become Global currency.

Not really, I think if government allow bitcoin as a payment in business. They can get tax from any transaction has been made.

I don't understand why people keep on talking about the governments of the country as bitcoin is decentralized no one has control over it neither government nor the people and if they don't allow what difference is it gonna make on the people who are earning bitcoins if you are earning bitcoins then enjoy it don't think of anything else.

[Supercrypt]

I'm not sure I would class some of those countries as 'major' ... but there is a general sense now that bitcoins are leaving the USA, and at an accelerating rate.

I also wouldn't classify some of those countries as major.

But it is great to see that Bitcoin is getting adopted in more countries instead of the major ones like the USA, China and the EU.

I hope Bitcoin continues like this and is adopted in all countries. That would be really good for Bitcoin.

Yes other than the big and developed countries, bitcoin is getting adopted by the people in developing countries and in under-developing countries also.
The reason is obvious, people are slowly understanding the advantages and benefits of using bitcoin.
So the day, bitcoin becoming the world currency is not so far.

[Clint]

Awesome, good news for us bitcoin users. I see btc being a popular currency for people to buy, but I can't see people using it more than dollars though.