Post
Topic
Board Bitcoin Discussion
Re: Why bitcoin can not become a global currency
by
minersday
on 23/11/2019, 23:17:54 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?

What is your definition of a global currency? Because to me, global currency presents a currency that can be easily used in any country you find yourself without any difficulties. Personally, I see Bitcoin and other cryptocurrencies as global currencies since I can easily trade my bitcoin or cryptocurrencies for physical fiats in any part of the world.  Any where you go in the world, there are institutions and organizations that will trade their fiat currencies for cryptocurrencies. Once there is internet connections all around the world, bitcoin and cryptocurrencies in general are global currencies.