Bitcoin Forum

witch country do you thing will be the first who will accept bitcoin official money as payment?

Australia has already ruled Bitcoin as a currency. Honduras is using blockchain technology as a land claim registry. China (I think) was/still is using Bitcoin as an investment. In Liberland, Bitcoin might even be the official currency. Bitcoin is seeing usage from governments already.

Now it is only Liberland i think,first step has been done for btc to be a money in EU,but European Comission is very slow in legislation.Finally it will come.I dont know it will be positive or negative,if will be accepted like a money exchanges will have to get very costly financial licences,but btc will be recognised like a legal currency

i am verry positive that europe or usa will accept bitcoin soon ...because it is unavoidable ..so many people start to using it every day ..

Utah and New Hampshire are starting to explore the idea of accepting BTC for state taxes. Ultimately though it'll be converted to USD so it won't be much different than paying by a debit card. All the same it's a pretty berserk thought for those who've been around since the earliest days.

i hope it will be germany !! 8)

It won't!

My prediction: the concept of a "country" will be obsolete by the time bitcoin gains majority acceptance in any of the regions that were once considered as such.

i think bitcoin will be a global curency

i hope so ...

What, even including the entire epochs in the past when the concept of a country did not exist? You know, the vast majority of time itself? Word for the day everybody: solipsist

As you can see in this scheme (https://docs.google.com/spreadsheets/d/1nxbKuDItuKWVeQ8zqWgCBBqOxpyZ7CsfOz4gpwGgjCk/edit#gid=305451342) (sheet 2), the highest density of venues accepting Bitcoin are in Tampa and Kansas City, both USA.
In general, USA also has the highest number of users and venues on all territory.
Despite intuition, poor countries are not the first users that will gain access.
Poor countries have problems in buying a smartphone or a pc.
Other factors are more important, like tech savvy percent of population in example (that's why US is on top, together with Europe and other country with good income and instruction).
But I think that there will not be a real "first nation" adopting Bitcoin.
It will be a slow and steady adoption together in USA and Europe first probably, and following other countries like Argentina, Brasil, Mexico, countries that are not too poor but not rich either, and that have problems with their currency. The ones that are at high inflation but where population CAN actually buy a pc or a smartphone without collapsing.
A good case to examine is Greece: it's in Europe, it's not too poor, but despite this Bitcoin adoption in there is very very low. I think this is due exactly to poor pc penetration in the country: people are afraid of this "computer money" they can't understand, so they need more bashing before go and learn what Bitcoin really is.

It's funny to see hopes and dreams here, of people dreaming about large countries with strong economy accepting bitcoin. The truth couldn't be more different,
because the first countries that will embrace bitcoin (if there even is to be ones) will be the most troublesome ones, the ones that failed with fiat.

I believe that we shouldn't even focus on countries, but rather at individuals, because countries drag along a trail of rules and obstacles with them, individuals do not,
and that is the true power of decentralization, and bitcoin with it at it's core.

China will not use Bitcoin as a currency - Write it down..

I think USA. Is much more popular there, and has more potential to be used massively.

Well the truth is that no country needs to accept Bitcoin for Bitcoin to succeed. All that they need to do is not ban it. Bitcoin doesn't need to become national currency, Bitcoin only needs to be a currency on the Internet.

As Andreas Antonopoulos has said, Internet finally has its currency, some 20 years later and together, Internet and Bitcoin are unstoppable. Internet is the only country that Bitcoin needs in my opinion.

I hope no country accepts Bitcoin as an official currency. Countries and government better stay put and avoid talking about, having opinions about or even trying to regulate something that can't be regulated... They shouldn't say yes or no to Bitcoin. They should say nothing at all...


That is a nice theory/concept :)


Couldn't have said it better :)

How incredibly convenient that banning it would be so incredibly ineffective.  :D

Maybe Austria? (no, it's NOT the country with the kangaroos).

Because ist has the most bitcoin selling offices per 1000 inhabitants.

Watch here (https://www.bitcoinbon.at/outlets/)

 :o :o :o

I completely agree, they can't ban us, just like they can't ban the Internet, especially in the long run. But it would still cause us many unpleasant things in the short run. Confidence, price, everything would plummet. So the best is that they leave us alone. They don't need to accept us as currency but please don't ban us either! :)

Heheh.
Who woulda thought  that designing a decentralized, permissionless blockchain would have ended up creating something with no centralized point of attack and no points to coerce?
Amazing.

maybe ....it might be

i think its possible, they are to receive 1000 bitcoin atms soon: http://cointelegraph.com/news/115143/greece-to-receive-1000-bitcoin-atms-as-trust-in-banks-long-gone

I think Greece will the first country who will accept bitcoin officially as a currency

The Greeks are not that known for technological innovation (at least the modern day Greeks). So I don't think that Greece will be among the early adopters. In my opinion, some of the smaller nations in the Europe and Pacific (such as Guernsey, Alderney, Lichtentstein, Vatican, Nauru, Tuvalu.etc) might be the first ones.

That would be good for them...

Parliamentary elections are scheduled for Greece in two months time. A lot will depend on who will win these elections. If the establishment parties win, then they will stick with Euro. On the other hand, if the radicals win, then they will bring back the Drachma (or replace the Euro with Ruble). In any case, there is zero chance of Bitcoin becoming the national currency.

If I was actually going to answer this question within it's bounds ( ;D), I would choose Iceland.

• Large IT industry (skills and infrastructure to support)
• Small population (~ 300, 000)
• Vulnerable national currency
• Capital controls
• Liberal mindset
• Economic malaise

No one important or less important country will adopt bitcoin banning its currency. there are to many factors that make bitcoin in adaptable for the monetary policy of one country. Anyhow a curiosity: It is a new country (private country which is talked that has adopted bitcoin as a currency. For the moment there live only one person. Its name is Liberland. https://liberland.org/en/about/ (https://liberland.org/en/about/)

I guess Brazil or one of the country in Europe wil be the first to accept BTC as payment.

There are many economy experts in government structure, which I guess they wont let their country accept bitcoin since the government wont get any profit from that. But if they do, then I guess they have plans behind that. Anyway Australia has bigger chance to become the first country that accept bitcoin imo.

Unfortunately there is no any single word of bitcoin included in wikipedia page about Liberland :(
https://en.wikipedia.org/wiki/Liberland

i see a lot of people saying it will be australia....i don`t know what to say ???

" good day cobber "  maybe?

I know that approves state bitcoin is australia
I only learned of the news on social media

something like that :))

I think all the same England. I can not explain I think so. :)

Calm down. The only thing that's happened in Australia so far is that the tax department overreacted (double GST) then the senate recommended a change which is rather more in the opposite direction. It remains to be seen how the govt will ratify this, and still manage to screw up bitcoin companies.

The government still trying to get a way about how bitcoin will give advantages for them if bitcoin is accepted. For now, there is no country will accept bitcoin easily since bitcoin could make their people to avoid some taxes with using it.

Any official acceptance now?

I don't know which country would be the first but i do know it won't be my country (india) and does it really matter if any country accepts bitcoin as official payment method or not? i don't think so,because the purpose of bitcoin is already served that is bitcoin is decentralised :)

I don't know exactly which of this countries will accept Bitcoin first, but i believe Bitcoin is growing up each day and many trusted companies use it already as payment method..The governments soon will be obliged to accept Bitcoin as real currency like Dollar, Euro and so on

probably those countries that will offer complete freedom for bitcoin, and not heavy regulation and taxation

USA is regulating it but it does not seems to grow well there, i'm inclined to believe that place like new york will be left behind in this competition of adoption

Thanks for this. Would not think of Kansas City and Tampa as major centers for bitcoin venues.

I think that Britain would be the first country to accept bitcoin as an official currency since they always try to be the world  financial hotspot, so they need to be innovative.

I don't see any of these countries using bitcoin officially to be honest.

Hmm in the UK as far as I am aware there are a few small cafes that do accept bitcoin so u never know...
The amount of bitcoin atms that are becoming available is slowly growing too!

Wouldn't it technically make sense for Greece to start accepting and using Bitcoin since the whole economy over there is just, well, turned to shit? If I were over there personally I would have ever since the banks started to go down.

makes perfect sense, probably the easiest resort to ease their debt crisis, problem is the public's awareness of BTC and their concern of financial safety too

Yeah I guess you have a point there... Bitcoins volatile market price really is killing Bitcoin in general. If it stays around this $230-$240 price range for more than 6 - 8 months or so we might see an increase in adoption due to a new found secured price in it... But I doubt that will happen anytime soon since there are so many issues Bitcoin has to solve.

Strange... not a single mention of Isle of Man in the entire thread. I'm not too familiar with the entity, are they not a nation? IIRC they do recognize BTC as their official currency.

there are more issues regarding Greece that need to be solved, being part of the EU makes it somewhat dependand of the euro, they can opt out, but having strong allies in trade makes life so much easier than trying to get out of the hole themselves. They might starting to adapt bitcoin as a side coin, to grow stronger and when the EU has helped them out of their personal crisis have a basis to step out of the whole thing.

Greece will not be the first country to take on bitcoin as their currency, it is still a country and has it's  own identity, with their own pride, a global currency will take away part of that identity, a countries own currency is something that builds patriotism and defines a country for most people.

My vote is for USA.
Technical things will be awarded first in USA. BitLicense is the first example for regulating bitcoin related things get involved with government. We should not expect a government will announce bitcoin as another national currency. We may expect government will not interfere even we get our salary in bitcoin.

Possibly China seeing as though they have the largest % of miners in the world. Maybe their government would be too strict to allow it though.

It'll probably end up being a smaller country that nobody predicts.

Instead of thinking which country will accept bitcoin, the more likely scenario is that a country will likely create their own crypto-currency.

The UK has had some discussion over creating some digital currency for towns / scotland. And I believe there is already one town that has gone through with doing it albeit a very small one.

http://www.independent.co.uk/news/uk/politics/scotpound-scotland-urged-to-launch-new-digital-currency-10495223.html

I don't think a government is simply going to let people create their own legal tender. But then again, Osbourne has expressed interest in observing the impact of such an event happening.

Still, I think governance and regulation is still needed, and at the moment its still very much unclear how that will fit in around the Sterling which is actually very strong.

you got the point, the first step from my point of view about bitcoin is to be the currency of internet, and IMHO bitcoins it is succeeding slowly on it, after it, i think there is no limits for bitcoin.

about i dont know who will be, but be 100% sure that all the world will follow it closely (to the one who start using it ) to check how is going on with them by using the bitcoin, thats 100% sure, if they have success more will follow them.

re: bold

lol what do you propose?

USA would be the country will encourage bitcoin very soon. Compared to India, in america the leaders will think from the view of common man. So, they will let bitcoin grow like it deserve by it's nature. Financial regulations are worst in India, so definitely we can not expect India any positive progress with regarding to bitcoin.

Voted: USA

Looks like I'm the first one here who thinks that USA will be the first country who will accept bitcoin. ) Well, I'm aware of all the negative sides of the USA, but I strongly believe that this country will be the first in acceptin BTC, like it was the first in acceptance of many progressive things in the past.

Dude, do you really believe that the government; who is essentially the puppets for the Fed are going to allow a mass adoption of bitcoin in the US ok?  After all the past wars to keep the petro dollar fully functioning? Absolutely not, USA will be the ones kicking and screaming on the way towards mass adoption for any reputable crypto currency... We out of all the countries are the most patriotic when it comes to our national currency.

I dont understated why only 4 countries that are far from adopting Bitcoin are set to vote on.  Result is clear and almost everyone votes elsewhere.

You may be right. But I too think that USA will be first one to come out to adopt bitcoin.

say a country and y put to the pool ...sorry :D

USA.

I think China would be the first country, as you know they mined Bitcoin a lot.

I think China because AFAIK China's bitcoin market really affect bitcoin's value worldwide.
So there's no doubt that bitcoin will be accept by China. Once China really make it happen, I'm sure bitcoin will raise once again

I think US will be the first country to accept bitcoin. However, there will be lot of regulations for the exchange/taxation etc. The bitlicense in NY is just a beginning.

No I do not think so. I will be surprise even if China were to be the one of the many countries eventually accepting bitcoin.

they do it for the profit only, so i doubt they even care about bitcoin itself, mostly converting every earning in cny, i can bet my ass that from the 2k+ coins they are producing, at least 2k are dumped, they are the big dumper out there

Switzerland

I think it will be Australia.

I dont think too many will adopt it officially until people stop cashing out bitcoin and treating it like an investment, another major issue is just people who are plain ignorant to bitcoin and those who believe whatever they are told. Whenever I run into anyone who has heard of bitcoin I always get told that I should sell all my bitcoin because bitcoin is "going away" I ask them how that is going to happen and they never have an answer but apparently on the local news that is all they are told about it.

I then go out of my way to correct the ignorant. It makes my eye twitch....

Doubt any of the countries will openly use Bitcoin as legal tender, if it ever happens at all. The truth is that the random tiny ass countries that are spawned over contested land might try something like this simply for publicity - but I can't see why a country would bother shifting to Bitcoin when its entire economy and markets are designed around its currency. It would need new regulation alongside new awareness (majority of people don't know anything about it) which is too much work for a government.

i dont know about which country accepts first.. but i know australia will accept it sooner or later..

Along with this i also know that India will never accept this..  :( :(

i think you should add Liberland on pool, since Liberland is the first country that accept bitcoin as currency and they want to make their own cryptocurrency.
https://www.cryptocoinsnews.com/liberland-wants-to-create-its-own-cryptocurrency-accepts-bitcoin-for-state-budget/
i believe that singapore would be accept bitcoin to

after seeing this quote i think european countrys are accepting bitcoins but asian countrys are still far nowhere, in india still they are confusion in bitcoin

nice thought, to see the internet as the country of bitcoin. makes sense that bitcoin does not need any other instance than that.

which will be the first country  who will  accept bitcoin . I don,t  know but only i can guess which country will be first and which country will accept bitcoin after some time and slowly slowly all country accept bitcoin.