Ninjastic
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Board Economics
Re: Bitcoin and Future of Economy!
by
South Park
on 04/08/2018, 19:53:54 UTC
Quote from: stellgod on August 04, 2018, 06:54:18 AM
Quote from: elimi on August 01, 2018, 02:27:42 PM
Quote from: efxtrader on August 01, 2018, 01:18:17 PM
Quote from: cryptomaster4 on June 15, 2018, 02:32:05 AM
Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?

It is hard to make bitcoin as main currency in the world because every country have their own advantages and regulation on their economy. But if most country in the world regulate bitcoin, I am believe bitcoin can accepted as payment in merchant in every country beside their official fiat currency.

Yes, if bitcoins have been accepted in different countries and used as a medium of exchange other than their currencies, I'm sure that for countries that have not set bitcoin as a means of exchange they will do the same to make bitcoin as a medium of exchange.
That is right and in my opinion; it has been a hot topic in many international conferences and in the world economic forum as well. Since we are stepping to an age where it would be the technology that would be playing major role in almost all aspects of life, Bitcoin being a technology will be performing the same function thereby reducing the demand for cash or fiat and limiting the governments’ ability to intervene in the rising prices and unemployment.
I think it is the opposite, the regulations created by governments create a barrier to entry and a barrier to stay on business, since bitcoin will allow people to bypass that, this is going to create a more efficient market in which there is going to be less unemployment since people will be able to employ themselves and sell their products all over the Internet and accept payments thanks to bitcoin.