Post
Topic
Board Bitcoin Discussion
Re: Why bitcoin can not become a global currency
by
isaac_clarke22
on 26/10/2019, 16:05:25 UTC
Hi, Gents,

I think there has to be a way to create a tracking system for bitcoin. Every wallet must contain ids. Otherwise, bitcoin can be always used for money laundering. If you want to launder money, you can find a cash seller everywhere. After bitcoin is bought, noone can prove whose bitcoin it is. I think this is the only think that preventing bitcoin to become a global currency. Do you think it would worth this much if it is trackable. I dont think so. There will be altcoins that work with tracking system and ids. They will become a global currency. Bitcoin? I think never. What do you think?

I don't think that the concept of anonymity is the one that hinders it. I've been buying Bitcoin in convenience stores like 7/11 without any sort of verification or KYC process to take up. I just needed one when I cash out through remittance center, well they're always operating in centralized way anyway so that's not any thing to be surprised of.
Its value is what hinders it the most since it will surely be used by merchants, I am pretty sure of that, and because that value is unstable, they aren't sure of it.
This is why they still allow Bitcoin though it can't reach to a lot of merchants.