Post
Topic
Board Bitcoin Discussion
Re: Why bitcoin can not become a global currency
by
ufaiz50
on 24/11/2019, 07:40:03 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.
Speaking of tracking, we can trace it only by IP, that's if you have important authority. I think you need to check the words of the experts, that cryptocurrency is very risky, this is more to volatility. Aas a currency, I'm sure experts think about how volatile values can be very fast and change. This shows how cryptocurrency often moves unexpectedly, so in terms of value it is very risky.

Many people use cryptocurrency as a global transaction tool. Because the transaction concerns Peer to peer, as long as both sides accept this. Imagine how each government approves crypto as a global currency. It is very impossible for me, the government wants the country to progress compared to the others, the country's competition makes no sense if you understand it.