Yes, It is possible for bitcoin to become a global unit of account in the future if it can become stable. If bitcoin can become stable, there would not be a need to check coin trackers for the current valuation as the price is not volatile, if you bought a coffee with a certain amount of bitcoin today, you will expect to buy it with the exact same amount the next week.

In my opinion, it cannot function. In a completely utopian society, maybe it will be possible, but such does not exist.

you and I understand that bitcoin is better in every sense of fiat, and most countries understand this, but they do not want to change today's system of exchange of values, because this will undermine what they have been building for many years, I would not mind paying with bitcoin, most here are for two hands, but large countries are not willing to accept bitcoin.

Do you think bitcoin would always be as volatile as it is now? I personally do not expect it to be, Bitcoin is still a novel currency and as such the value is still open to speculation as it is going through price discovery.
Imo, the idea is not unrealistic, nothing about bitcoin could have been predicted and who is to say what would happen in the next century.

It certainly could be a parallel system for payments over time.  As time progresses and people see the value of their fiat holdings inflating away, it could take more and more of the market for it.  It really is a simple question:  who do you trust to store the value of your assets?  Math or a corrupt centralized fiat based central bank that is beholden to politicians?


People are not stupid regardless of what the so-called "elites" tend to think (e.g. Bette Midler).  They can figure out pretty quickly that the politicians only have the politician's best interest at heart, not the people's best interest.  Sure they can fool a lot of people for a while - look at AOC, Bernie, Chavez, Lenin, Stalin, Mao and their ilk - but long term people realize that they are purely selfish authoritarians who are hoodwinking them.

Yes, possible for a certain places but online, it's very likely.

Units could be named as btc, satoshi or any where people are confident. The most important part is that everyone knows the unit of bitcoin for everyone to easily understand.

And whatever is they're confident of using, go for it as everyone can convert that unit to the unit they're confident and aware of.

I really doubt this. The highest success that Bitcoin could probably achieve is that it will become a global reserve currency. That's in addition to it being also used alongside fiat as acceptable payment in all countries around the world. That means Bitcoin is the only money that you could use anywhere in the world without having to make conversions first.

But this does not mean that fiat will completely perish. Fiat will evolve. Meaning, the prices of goods and services are still offered in fiat as well. I'm saying this because it is unimaginable that governments would let go of perhaps the largest power they have and that's the power over money.

The first step would be to start using sats instead of ₿

If you're from the US, UK, Australia, NZ, and others, it might seem like there are many zeros when using sats, but that's pretty common in many countries:

https://www.fiatmarketcap.com/

Using sats is also usually linked with lightning usage. That means people will become more used to fast, instantaneous transfers with lightning.

Businesses might start posting the price in sats and local currency in their screens, like McDonald's self checkout for example.

People over time already are used to seeing the fiat prices slowly going up. It would be normal as well to see the sats price to go down. It will be a great thing to see actually.

We're still not there yet, definitely. But I can imagine a world with that, where you get paid in Bitcoin, and use Bitcoin to pay for stuff. Because they're both linked of course, when you pay in Bitcoin for something, someone is getting paid in Bitcoin. And more interestingly, we already have ways to almost get there. Strike now gives people in the US and El Salvador the opportunity to get paid in Bitcoin. Basically you give the bank details from the Strike app to your employer, and set how much percentage of your salary to be converted into Bitcoin, with no extra fees.

It will be a great world to live in. For now, we're in a transition phase. The Bitcoin Standard will be amazing. The earlier you hop in, the better you'll be in the future.

Probably not possible if it's not going to be the global reserve currency. But because local currencies will also not disappear, it will just be as is that you could use either an asset or currency.

I'd like to think BTC will be accepted anywhere though, it won't matter if the price will not be as the unit but the local currency as long as it can be used very casually just about anywhere.

1. For something like this to happen, I expect that we may need Bitcoin price fluctuate much less.
2. Don't forget that as long as the main currency of a country is fiat, the shop will have the prices primarily in the country's fiat and then converted to all other currencies.

So no, unfortunately I don't expect the prices be shown primarily in bitcoin. Not everywhere.
For all the countries give up their tools for inflation (i.e. stealing money) we need a powerful change. Maybe even a radical change in the way some people end up taking decisions for the countries.