Bitcoin Forum

I was just curious but, what would you guys think if Bitcoin was the main currency of America. Would you like it and agree with it or would you agree with the current main currencie(s) we have.

I wouldn't. Let Bitcoin be what it is: a decentralized cryptocurrency that is anonymous and safe for everyone who seeks privacy. Governments would only want to secure it for themselves and seek for everyone's identity that is using Bitcoin. That's not what we want.

bitcoin should be a voluntary second option outside of U.S legal tender laws.

let fiat burn in hyperinflation but dont make bitcoin be the government taxation tool after that.
let them keep asking for worthless fiat(or hyperledger coin thereafter). while bitcoin stays out of the jurisdiction of U.S legal tender.

that way bitcoin doesnt get limited by bureaucracy or stolen from you simply for parking tickets or other fiat grabbing reasons.

keep it free from governments grasps

When it would be the main currency in the usa, then everyone would accept and like it,
because nobody ask someone if he like the us dollar.

I think in the future would it be possible, but it will be a long way for bitcoin.

Bitcoin might be popular, yes, but the about bitcoin and its characteristics are not still suitable for a currency of a country. Though it will be really great if bitcoin is a currency of one country, bitcoin can be quickly transacted which is really great. Still there are holes in this cryptocurrency, its flaws must be found and make a debate about it after.

I do not see bitcoin being a main currency, because being a main currency means being centralized and control by government.  Bitcoin is fitted being an alternative currency, it is its nature, decentralized and free from any regulatory grasp of the government.

This is something that will be possible someday, in fact there are already some countries that are very advanced in the adoption of Bitcoin, but most of the places that I know with this level of progress are European cities, such as a city of the Netherlands, called Arnhem.

bitcoin was not created for a country only, IMO. bitcoin users, of course, like when bitcoin becomes more famous and many people use it, but when bitcoin become's America's main currency, I think bitcoin will be not same anymore. probably the USA government do some researches to bitcoin like identity, or kind of thing. so I wouldn't like it and agree.

Yes, it is most likely not going to be a main currency but, I was just wondering if you would like it as a main currency.

I forgot to put that in my post. Because, I was just thinking one country when it is mean't for all countries sorry!

Bitcoin as a country main currency is a dangerous thing for the country, because the government can't control it, and when the government can't control the currency there will be an inflation and the price of the thing will become fluctuate, I prefer bitcoin only act as sub currency not as a main currency

I think I will agree if the both of the currencies will become the main currency of America. Both are useful in my mind. Bitcoin for controlling the digital transaction and fiat currency to controlling your daily life.  ;)

Yes, I like the idea of bitcoin as an alternative currency which excluded from centralization and controlled object by government.
Bitcoin won't be so attractive if government start to collect higher taxes from bitcoin users as what they did to other financial sources.
For now, let them give legitimacy for bitcoin and regulate exchanges to prevent illegal activities or any adverse effects for citizens.

I agree with you kevin. Let Bitcoin be an alternative to dollar or other currency in other country. An alternative payment option etc but each nation has its own  main currency.Leave bitcoin alone as it is   ;) Let bitcoin evolve on its own.

Why just US? Why not all countries of the world? But if it becomes a currency of a country, are you willing to give up anonymity?  Are you willing to give control over your bitcoin to the government? I don't. Let us keep bitcoin as an alternative currency and keep it away from the grasp of any government.

It can't handle the transaction capacity of a Major U.S. City , much less a Country.  :P


 8)

If the main currency in America was bitcoin, I would use it. But they will not allow it. The dollar is the main reserve in the US.
The dollar is used as reserves all over the world. They do not want to change this order.

If that happen, bitcoin will be an international currency, because many countries were save USD as reserve currency because they sure that america is strong country that the economy will be always stable.

I disagree with you. Bitcoin doesn't have the basic characteristics to become a mainstream currency, so becoming the currency of USA is not possible and not feasible for bitcoin. USA dollar is backed up by federal reserve whereas bitcoin is not backed up by anyone, just generated from a computer program. So it lacks the basic eligibility criteria.

Let bitcoin be used by the unorganized sector only and not by the governments. Because if money hungry government starts using it, then the general bitcoin users will be doomed soon enough. Either they will be put behind the bars or their bitcoin holdings will be take away by the government. So let it be at the same place as it is now.

Bitcoin is already a world-currency. I don't know why people give much importance to government, if you and me holding Bitcoin and the fact that we both belong to different nations can use it then it is a conclusive proof that Bitcoin is international.
Now coming to USD reserve, forex is one the prominent aspect of country's treasury. It is mandatory to carry foreign trade and investments. So not only USD, countries maintain reserves in almost all currencis of countries which are its trade partner.

I disagree because I believe bitcoin will not be the main currency in any country including the United States because bitcoin is not to be used as main currency. Although it is recognized to be the currency in any country, but it is only as an alternative from main currency. If that happens maybe bitcoin has not become anonymous and will be a big tax because there will be a rule from government, bitcoin will be change in total.

Let Bitcoin be the currency of eceryone and not just America as the decentralization was just created to make it have its independence from any government or system hence we cannot allow American or any single country monopolize Bitcoin.

We all know that bitcoin is very
popular around the world but
I do not see bitcoin as a main
currency, I like bitcoin on what it is now.

Nope, I think we are in right position that is clearly distinguishing fiat currencies and cryptocurrencies. It would create many conflicts if any government is adopting bitcoin as a main/official currency of that country. Being in a decentralised phase, bitcoin (and we) are enjoying the freedom of transactions and freedom from boundaries so I would say, let it be like this forever.

I do not think that bitcoin has what it needs to become a main currency.
First of all, I think that the process of decision making is way to slow in the bitcoin system.
A currency must have the capability to react on circumstances of the economy, and I do not see that is given with bitcoin.

I think that would be a terrible thing, cause if that happened right now it would cost a fortune to make daily transactions for everything.

No, i don't agree with that. I don't think that bitcoin became a main currency in america or in the whole world.
First, because bitcoin is a cryptocurrency and second for secure transactions without fees, they never allow it like a main currency.
For me, I like bitcoin like that.

Its nice to hear like that. But if bitcoin is made as the main currency ,it will affect the governments revenue and that will cause to weaken the country's economy. In my opinion if everybody start using bitcoin has the main currency, since all the transactions are anonymous , government wont get any revenue as tax from the people. So in my opinion the present system is really good and bitcoin payment should be made as an alternative or as on option.

I don't think bitcoin could be a main currency of any country because of many reasons. cryptocurrency is an anonymous coin which can not be tracked or controlled so thats not good for government and national security. Lets say that more and more people start to use bitcoin, even more than 75% users in a country use it but ofcourse, the "headquarter" will never approve it. Although bitcoin has many good figures like fast transactions, can't be inflated,... but you have to amit that bitcoin is very hard to be the main currency of any nation.

It would be possible if bitcoin value can compete on US dollar. First of all, we know that US dollar is one our main currency. We should promote first the bitcoin, to make bitcoin be the main currency. We shall see the future of our money, we know that our paper money will be bitcoin. Our paper money would possible to be obsolete.

Bitcoin is a digital currency, which based on internet. Bitcoin already spread all over the world so their definitely a chance might be popular as day by day. Though it will be really how imagine if bitcoin is a currency of one country, but I don't like it at all. There so many difficulties might be created. While we all using this currency smoothly like as the main currency without having any issue there It is not necessary Bitcoin will be used mandatory.

I certainly support it. if true then it could become a bitcoin digital currency is very strong. america government has a tremendous impact on the world. if bitcoin starts here then the future looks bitcoin is very bright .

That's not fair. Let it continue to be used as the alternate to banking and our traditional fiats. Bitcoin becoming the currency of America will make them grow high and not us, so I expect bitcoin to get served same as now.

Why not?

Personally I would be happy with this situation. But it is not possible for any government to accept the bitcoin as its main currency.
States do not want what they can not control.

As far as I know, the world only accepts the Liberland bitcoin as the official currency.

I personally agree if bitcoin be main currency. but, I feel that bitcoin main currency on the internet. for paypal or others are merely a payment processor, and cryptocurrency currency here on the internet, and bitcoin is the main currency in cryptocurrency

With the current price for bitcoin it's just impossible. Bitcoin is limited by the number of 21 millions and it will be just not enough for all citizens of the US. But I like the idea about making bitcoin as mail world's currency, to achieve that bitcoin has to cost really a lot.

I am agree. The simple calculation tells us to bitcoin started to be used over the world as clinal currency the price has to be very high. And in this case people will use mostly mBTC or even Satoshies as dollar and Cent.

I dont think soo that this thing will happen specially on us which we all know that they are strict when it comes to tax implementations and we all know that bitcoin decentralized and cant be controlled and government will surely prohibit on this thing for sure.

I think to be a main currency is impossible, because the government will not let theirs replaced. Unless they use bitcoin technology to make their fiat become digital, but I think it will not be a decentralized anymore.


Agree with this.

Even if individuals wanted the coin to be the main currency, the government still have the final say on what becomes what. And looking at the historical analysis, as developed as America is, people have grown to known dollars as their currency in which other countries have even keep their foreign reserves in that currency in which we can still not separate the influence of America from. Also, the notion that bitcoin is used by hackers so they cannot be traced is even still there among other campaigns against bitcoin. So in my own opinion, I will go with the idea that, bitcoin should be what it is until when its time for people to absorb it...

Governments wants to take full control over people's financial transactions and they will even replace it with their own version of Bitcoin in the

future. { One example is e-Krone in Denmark } So if these governments starts to use Bitcoin, they will try to take over the development and then

manipulate the currency to favour them and to infringe on people's private financial matters. We will lose all Pseudo-anonymity, because they

will regulate it to death.  >:(

but the problem with the takeover is this, if Bitcoin become the main currency, all nation wanted to take part of those spot.  So there might be some problem on selection on who will be the main developer especially when two opposing faction is really interested to take part of that team.  So I guess it is still best for Bitcoin to be an altertative currency to fiat currency of every nation.

It would take long to make bitcoin the main currency as other said every nation wants to take part on developing or holding the majority/power to decide what to do with bitcoin. Its hard to implement that and for me its better this way as people who loves bitcoin are those who can develop bitcoin not just a group who wants to gain profits.

Bitcoin's high demand and value is because of decentralization, if it would be the main currency of the america it will be no longer decentralized. It is not possible that a country make a decentralized currency as its main currency.

bitcoin can't dominated as main currency because have fluctuative rate
as I see in future bitcoin just became investation for who like invest

It is clear that bitcoin is only the online currency and good for investment but making as main currency then i think still their is lot of time to declare it as fiat currency influence is too high.

I'm not sure that is possible for Bitcoin to be main currency in America or elsewhere. That would mean that it should replace fiat money and that is just not possible and no government would allow that. But it's possible to get more excepted and more equal to fiat money not just in America but in other countries too, especialy the developed ones.

Bitcoin beats its competitors because of the community size it has. If it was smaller than another crypto's community, it is not unlikely that other crypto would take the position of the "best" or "only" crypto to do online business with or whatever.

Fiat will always have influence as long as it is impossible to buy everything with bitcoin.

Of course bitcoin has the biggest community compared to all other crypto currencies.
But compared to the fiat currencies, the community is very, very small.
Even under the best circumstances bitcoin won't be able to play in one league with the big fiats.
Or maybe my imagination is just not big enough.

Yes I agree we should keep bitcoin as an alternative currency without the control of government, and I don't think government will not go after it imposing crap bills that may drown bitcoin economy and its free will along with the users freedom to earn it freely. It won't be possible to become a main currency because bitcoin price is somewhat unpredictable and sometime it may drop of its price value, and I'm pretty sure business owners would likely to have this kind of fluctuations specially when talking profitable income.

With bitcoin being the first digital currency it is meant to be like that and not be a main currency of any country.It is definitely the main digital currency  and nothing could replace that in a very long time and no alt coin could challenge bitcoin in the near future.

Yes but currency without the store of value property becomes worthless eventually, every single time.
Money is both, which is why it's ideal as you say, and should always be strived for, otherwise you get currency crises like we're experiencing in the fiat world.
Bitcoin is good as a digital currency because it is the first pseudo digital currency and nothing can replace it.
Even though the use of Bitcoin should be promoted it should not become the main currency.
It also has a highly volatile cost I.e it may be 700$ for 1btc and the next day 1000$.
Bitcoin can be promoted more as an investment kind of thing .
Moreover we don't know who created it and who governs it .
So Bitcoin' s trade should should be promoted it should be used as an investment but not as a main currency.

Thing is certain if the main currency is centralization, we all know that bitcoin is both decentralized so that no one can control the bitcoin. If you want to make the bitcoin main currency certainly needed official institutions can fully control the bitcoin.

I don't know how people on this forum can keep making these claims when it comes to them thinking that bitcoin has the possibility to be able to become the main currency in a country, let alone the world. Even if Bitcoin ever got to that point, which I highly doubt it ever will, governments would never let people go ahead and use that instead of using the FIAT currency from the country in which they reside.


Let me change that for you bud, Bitcoin is the main used currency when it comes to this niche community and maybe a few select sites that accept it. Some places accept it in real life but you gotta get lucky on finding them.

So true, no government will allow this currency which they cannot control. Like the move of recent country like Philippines,Japan  and others to allow bitcoin as a legal tender is the best they can do and let exchanges pay the license. This license is the same as taxing them which add revenue to government and also to monitor illegal transactions.

If bitcoin will be the main currency,  the opinion of each person will divisible if agree or disagree. It will no longer be decentralized and will be limited because it will held by the government.I don't  know if the government agrees to replace the currency of America.

As an investor I'd be happy because it would mean a great increase in value. Bitcoin wouldn't go to the moon, but it would leave the Solar System to reach the nearest star!
It's good to dream, but it will never happen, at least until the dollar exists and is in a good shape. For Bitcoin to become the official currency there would have to be chaos first, the death of wall street, banks, and a crisis the country hasn't seen before. It would have to be so big to make people desperate and in need of something to fill the gap a burned out currency has left.

how is regulation a bad thign exactly? if the government will regulate it the value will skyrocket in no time this is guaranteed, and as a main currency ti will acquire a huge marketcap

bitcoin can't simply be a main currency of one country because it can still be used everywhere by anyone that's the beauty, therefore the america will only have strict rules in their territory

Bitcoin as a decentralized cryptocurrencies is far more better than being control by one country. I will not pray that should happen as America elites will used it to oppress the mass because they will try to buy all the coin and enslave their fellow citizens. But as a decentralized currency, the elites can't do that as no one knows the owners of individuals account.

I do not know how e Krone work ,is it the same technology used by bitcoin. It is certain that the government can manipulate if they are planning to come up with a digital currency and people will not necessary trade those and the success of any coin depends upon its innovation and transparency which i highly doubt any government based coin would have.

I think that won't happen for now, I know not all their citizens are well educate about in bitcoin. Unless if the President of the US will make a new law of declaration about this matter. If ever that happen it will become an advantage for us too as bitcoin users in the whole, it means the price value of bitcoin will increase for sure.

I agree with this.Tho bitcoins are at its finest popularity now it will never ever have the potential to be a main currency in any country now even tho that country hails bitcoins much.Being a main currenct consider so much things,characteristics to be lined as one of it.It needs to pass so many laws in countrys regulations due to being a main currency.So i thimk bitcoin being a main currency isnot possible yet

No. It will create many problems for government so I don't think government will allow bitcoin as main currency.

Why would any government accept bitcoin as their main currency when you don't have the control over it and if you look throughout history fiat is controlled by a central authority and we need bitcoin as the top digital currency for the whole world and anyone can invest in it and transfer all over without much fees and that is the catch of bitcoin.

being a decentralized and uncontrolled and ruleless currency government will never accept bitcoin as main currency but well government could modify or make a new currency of such type to enable wld wide transaction worry free and with just click of few buttons.

Many people expect bitcoin will be approved by government regulation, because if it had been drawn up by the country's financial laws. All public facilities will accept bitcoin. Do you think otherwise? If so, congratulations. You as bitcoin user will continue as if a subway worker who was never appreciated by world governments, particularly in America.

the fact is true with that, uncontrolled money totally will make the government disagree with the approval of the usage of bitcion to their country yet the advantages to the users totally helps if it uses for transactions, and I guess it will be hard to be publicize and I think the best is just to make it an option as payment or transaction to be use to.

No, it's not what it's meant to be. It's better of as an alternative to whatever currency is used in the country. Even just the thought of the majority of people using it makes me somehow queasy. Sure it would be nice to be able to use it anywhere but the government wouldn't be happy with a currency it can't regulate. Seeing it starting to replace fiat could cause them to crack down on it. Or they'd jump the bandwagon and try to digitize their fiat.

I think wizmo idea is reasonable, because everyone who use bitcoin know that its very hard to track bitcoin or control it. Even the government, they don't have enough resources or don't have any solution to do it. And one of the main mission of the government is manage the currency of that country as much as they can because money affect to the strength of a nation directly. I think bitcoin should not be the main currency of any country, its just grow by its own way, which is used by as much user as possible and become the strongest digital coin that have more benefits (fast transaction, anonimously,...) than now

I agree that Bitcoin is better to be an alternative currency for the reason that Bitcoin is hard to regulate and control.  Second, if it is used as main currency, the nation economy who use it will be in the hand of those few whales that have a huge amount of Bitcoin in stash.  It is also safe from centralization of government that oppose the decentralization nature of Bitcoin.

Yeah, I too think that the bitcoin cannot be a main currency right now because people are used to use fiat and other digital money and trying to make people use bitcoin as a part of their everyday lives is a hard but slowly happening, so the best thing for bitcoin is it being used as a main currency on the internet but yet not in the real world, in the real world we should stick to fiat because it is much simpler at least as of now. In future things will get reciprocal.

It will takes a lot of time to make bitcoin used like what fiat done
At least hundred years required in my opinion
People not yet ready to fully accept bitcoin , a new financial technology , a breakthrough as digital money
Traditional thinker hard to accept the fact that today is not a stone age anymore.

Seven years ago, nobody predicted that Bitcoin would be worth so much. But today the price of 1 BTC is more than $ 1000.
After 10 years, bitcoin can be a currency accepted in the world.

Bitcoin can be regulated by the government and they have that technology and tools to do that. What is lacking in bitcoin to be a main currency is not it being decentralized but the total amount of bitcoins in circulation. As we all know that the number of money in a certain country is much higher than the number of bitcoins and if we talk of the whole world using bitcoins then there is a huge gap between the number of bitcoins in circulation and the number of paper money in circulation. There is a need to increase the number of bitcoins so it can match up to the total number of money in the world.

It will be hard to share currency with other countries and the government doean't have any control over the currency, it will be easy for other country to destroy your country by buying all the coin and the economics of america will fall down due to the inflation because the bitcoin supply is not enough, it is a terrible idea to used bitcoin as main currency

I don't see Bitcoin as a main currency. The government will take over with the control of Bitcoin. It might need more arguments and debate in order to make it as a currency of a specific country. It may be popular, but it should be how it is and how it was.

Being a main currency for bitcoin is a very hard challenge because there is a lot of things to consider and there is also a lot of enemies to defeat and one of those is the government who are against bitcoin because they can't control it and they can dictate the market by their own. If bitcoin will defeat government and if government will start using it then bitcoin can be a main currency.

How do you imagine that bitcoin can beat the government? The government has all the levers of management of the banking system of the country and close cooperation with the governments of other countries.

Yes, no government wants to use the system it can not control. Bitcoin brings many innovations in the sense of technology. The governments accept it. But governments are a bit distant because of the decentralized nature of bitcoin.
To me, Governments can do something using blockchain technology. They can produce a crypto currency they can check.

Nah, the currency is already set in place and the original plan of the new world order been going on so Bitcoin won't really change anything.

I also thinks the same , because Bitcoin have many question for itself own by the many countries .
Few of countries banned already Bitcoin and few of them are looking to ban .
Since we know that use of bitcoin is fully legal in some countries , but even after this fact most of the country's government doesn't support Bitcoin direct .
So if we will say Bitcoin as main currency then it is only our mind's word toward the bitcoin .
all over after these types of things , I will say that bitcoin is fully safe and we didn't need to prove it is legal or not .

I agree. I always considered myself as a currency Bitcoin official. although in my country, people do not know about Bitcoin, if any, that is a very small figure. I support the currency Bitcoin becomes official, and if possible, I want it to be the official currency of the world. I love Bitcoin and hope it grows. Currency Bitcoin is the most powerful

Around the world only very few were aware of bitcoin, and only few countries have revealed positive statement supporting bitcoin. This doesn't mean that bitcoin goes as a main currency because no currency will be that volatile as our bitcoin. This increased volatile causes instability in economic situation which is not good for a growing economy.

This is the truth and should be accepted by many of the users here. If you are in a country where you see a lot of people that are using this technology then you are lucky.
But think about the other countries also. Sometimes in one city there is not even a thousand users there. That is one that should be considered when making something to be a currency, it should be known.

Bitcoin probably won't ever be the "main" currency of a country.
Its decentralized.. and thats enough reason to not take it as main currency, if you look it from the side of government.
But i can imagine BTC as a currency of the people who wan't to be able to make payments (pretty) fast all
around the world within a few minutes.
Additionally its Pseudonymous.

Yes, I agree with you with this, because for me, it is not necessary for bitcoin to use as the main currency in America or in any countries around the world, maybe I would agree if the Government would allow bitcoin to be used in any transaction that we will do but never as the main currency, because if this is going to happen, just like what you have said, Government would just going to secure it and the worst is they are going to take control of the bitcoin network so that they can do whatever they want on our bitcoin just like what they are doing on our money.

In this way, they could easily steal our bitcoin or scam us, especially since bitcoin is more valuable than fiat because of its price, then those greedy politician will agree for bitcoin to be the main currency, for them to have a lot of money from it.

No i am not agree with you, i don't want someone to control bitcoin, not only me every bitcoin user wants to see bitcoin as a decentralized currency in future too. Bitcoin has it's own importance in the market and many people trust bitcoin.

if we say it for online shopping or use on online. we will say it main currency but as in daily life or we compare it to fait money so, i don't think it is main currency. bitcoin is just a currency which we used for online use. we can't use it as daily purpose. so, bitcoin is the king of cryptocurrency but not the fait money.

For now the Bitcoin wil not be a country's main currency but, it can be the main currency for you as an individual. For me, Bitcoin it's the main currency (because my local currency it's garbage), i save my money on bitcoin and do my monthly budget based on BTC. I compare the BTC->LocalCurrency Tx to going to a ATM to have some cash.

Decentralized, anonymity and the important thing the small blocksize of bitcoin was making the unstable network for bitcoin itself. According to the unconfirmed transaction, the word of main currency will never happen.

https://blockchain.info/unconfirmed-transactions

if you have know bitcoin well , then no wonder you call your nation currency garbage ,
let the current situation be like this , all fiat sucks , regulated by greedy people ,
while bitcoin run decentralized , nothing can touch your money but yourself ,
that was amazing idea from satoshi , thanks for it, we must be grateful.

many people will accept and use bitcoin if becoming main currencies America. but with characteristics bitcoin not created for a country's currency.
I'd rather Bitcoin being an alternative currency without being controlled by the government and safe for everyone who seeks privacy

Bitcoin as main currency is a great idea once its intoduced to the society today but I don't think government will strongly support this, because its hard for them to educate people on this. People were still hesitant to adopt digital currency and for now still my friends knows me having this thinks that I am bluffing them which they missingly think am making stories.

If Bitcoin is an official currency on any country I think it would not last for long. One main reason is that its transaction time is slow, too slow to be practical to use in our daily lives. Imagine that you are in line on McDonalds and you look the one in front on you not taking orders but waiting for the transaction to be completed. If I am that man on Queue I will be mad of our money system.

This could happen. But with the technology that is in place with the blockcha1n, transactions can be done and don't need to be confirmed.
As long as they hit the blockcha1n they are received. And it is up to the receiver to wait for the confirmations to complete.
This is how bitcoin casinos do their deposits. As soon as the bitcoins are sent they accept that as the transaction and don't wait for the queue to complete.
Try it for yourself on directbet or whatever gambling site you want. They allow you to use your balance as soon as they see the send on the receiving end and it is immediately available to the player.

yep duration of transaction confirmation is still a constraint for bitcoin users, I think it should confirm bitcoin not really problem because every have bitcoin transaction, the transaction can not be canceled and most likely bitcoin it will remain to the destination address

From my perspective in already a world currency even it does not become th main currency of the united states many countries are using it more than there own fiat currency like india and china
And now a brand new member of the bitcoin community has now become Japan one the biggest investors of bitcoin.
America doesn't want to put their money on a digital currency cause they'll lose control to the people and that would be the end of US dollars.

There is simply no way for bitcoin to become the main currency of the US or any other big country since they will lose the ability to print money at will and that could be a weakness against other governments that can, so let bitcoin be an alternative but never allow a government to take control over it.

Bitcoin as main currency is hard to others. Though some countries bitcoin is popular and they already use it in their daily lives. But, not all can easily adopt this kind of currency. Let bitcoin as it is a decentralized one not be controlling by the government.

I wonder why there are lots of questions like that. Isn't great to just add bitcoin as one form of currency as a virtual currenct but not to replace any local fiat (since it is really hard to replace it) and to adopt it first by all nations and for all merchants to use it as payment especially thru online shopping, etc.

actually that would be a great thing if it could happen. bitcoin as a currency can function very well and there is nothing that can stop or restrict it. but bitcoin needs to evolve first to adapt to the new world with more users than it had back in 2011 for example.
we need scaling first and then an stable price, then we can see a very good currency.

I'm sure that's everyone's dream, we want to see a full massive adoption with bitcoin so we can consider this as the main currency but for online only. Bitcoin is very good in terms of the features as it's secured and fast, that's the reason why we see the adoption rate is increasing but until such time there will be a massive adoption, whales will always has the chance to manipulate the price which would not attract big investors to integrate bitcoin in their system.

I strongly agree that in the future bitcoin could be serve as the primary virtual currency that is used throughout the world. The user bitcoin is very much. development and growth also increased rapidly in many sectors.

I wouldn't mind because I really love Bitcoin. They would probably find a way to make people pay tax on what they through Bitcoin, which might make a couple of people really angry. Also, if America made Bitcoin their main supported currency, I think it would persuade a lot of other countries to follow in their footsteps and they might also make Bitcoin their primary currency. I'm sure that Bitcoin becoming the primary currency of America is everyone's dream, but I doubt it will ever happen. But we can still dream about it. :)

Well, maybe this time, a person needs to have a bitcoin, larger than had fiat in their pockets. if all rang already know the potential of bitcoin say acukup sure, will be very many people who are looking for bitcoin in the appeal fiat, and over time it will make bitcoin be the main currency

I do not think bitcoin would be the primary virtual currency if the problem with its scalability is not fixed.  Ever thought about a scenario when 50% of the world population adopted bitcoin and send their transaction at the same time?  We can see people waiting for their transaction to be confirmed maybe for months.  I also think that transaction fee would be far too expensive than the fiat currency transfer if this transaction fee keep on increasing.  So I guess people will look for an alternative.

Only few of us would agree that bitcoin should be the main currency, because making bitcoin to be the main currency is like giving the Government a way to penetrate the core of bitcoin and take control of it, which is we don't want to happen. So, bitcoin should be remain what it is right now, maybe it would be good if bitcoin can be use in any transaction that we are going to have, but it is just a choice, I mean. if we don't have fiat, then we could use it, but never as the main currency.

Nah. Bitcoin is great as an investment and an alternative currency, but to be the main currency/replace the legal tender
of a whole country?
I truly do not see it happening. Maybe a century from now? Who knows whatever huge advances technology would have made by then. For now, there's just too many holes.
Also, by being the 'main currency', it'd have to be approved by the government. I just don't see a government backing/using something they don't have full control of. There's just too many sanctions they could take to prohibit/hinder the use of bitcoin.

It's not possible since it would give several benefits all over the world such as faster transactions, low fees, and secured transactions. It would be better idea if bitcoin would be used a major currency online. Those nightmare of over charge on fees we felt through USD wallet such as paypal, neteller, and others would be end if that happen so. Part of it, scam would lessen for giving fake reciept, and there would be no more reeview for any transaction as paypal and other usd wallet do.

I also agree, Bitcoin is at its best being decentralized currency, that is its main attraction.  If it become centralized then this will be no difference than the traditional currency we are aware of.  Aside from that, being an alternative is the highest possible status of Bitcoin since no matter how we push it, the government will never accept something decentralized to take over its economy.  Government may regulate it, acknowledge it and accept it as legal tender but never its main currency.

Yes, that is right, a primary VIRTUAL currency not a primary Currency. Many bitcoin users are taking bitcoin as a stock, saying this Bitcoin will never be a primary currency. But I think Bitcoin now is the primary virtual currency, when someone say digital currency, bitcoin will really punch your mind out if you don't think of bitcoin, it is really popular now you know.

I doubt that bitcoin will become main currency ever. I think it is pretty possible to bitcoin get replaced by some more perfect crypto-currency which could resolve all minuses of bitcoin.

It's possible Bitcoin can become the main currency in future but we need some changes to be effected nit necessarily introducing a new coin to address its challenges but it has to be infused with changes like the segwit and the likes to rather make it more efficient and perfect.

this time I believe that bitcoin digital currency is best. but we can not predict that in the future there is a better digital currency. we all crave always the best for the world economy.

This is the future, ...our money will be in crypto currency. Soon all people will use a crypto currency, wallets are already embed inside our body thru microchip implants. Transactions are cashless.

Your post sounds like the messages of the end times. Hope it doesn't end in microchip implants and all those signs of the antichrist.

But not impossible if implanted chip will be used in future. For now, chip only used as a GPS to track whereabouts of a person, many people are happy to wear it for safety reasons, including also used by army. Radiation system has been refined and safe to use.

If Bitcoin planted in people wrist, in future we will only use barcode scanner for every short distance transaction. No more need to use your wallet and bank accounts, banks only need to save identity and transaction data only. If this is done by majority people in the world, FIAT is no longer needed as a major currency.

But these are qualities of bitcoin, it doesn't mean that bitcoin will be used as main currency. Also i am not disagree with you, because bitcoin is really superb crypto currency, and it really make our life easy. But use bitcoin as a main currency, it is hard to accept it.

Bitcoin as a main currency is not possible in the near future. Volatility is a major factor which does not allow governments to give consideration as a main currency or a currency to circulate. Recent days it has got little changes in the volatility.

I agree with you because the only problem the we have right for this thing to happen is the Government, not all the countries supports bitcoin because others banned it for some reasons, other says because people are using it in illegal stuffs like buying drugs, guns and so on, so their Government prohibited using it.

And others didn't ban it, but the situation is, they don't accept bitcoin yet to be the money that we can use in our everyday lives, and I think it will really take some time for this thing to happen because bitcoin is a poison to them, since they can't control it.

If may think it is good for allow bit coin to be used as one general currency for it transpellency. Bit coin is one of the most value able currency in the world. I think bit coin needs world leaders support.

No if that's the case then i will definitely not use it because Government will have the record of everything since they will be thinking of themselves and this not what we all bitcoin users want it.

We are not sure about this.  today yes Bitcoin could possibly serve as the primary virtual currency but contender will do all things to take the title from Bitcoin.  If this scalability issue is not solved, I bet People will move out of Bitcoin thinking they had enough of delays and move to an altcoin that scale and have more advance feature than Bitcoin.

My primary currency is USD, but I use BTC as a secondary for all digital holdings. I never get to the point to buy too many things using Bitcoin because the price seems to always go up in large amounts.

If it comes to a time when more opportunity arises, i'd much rather invest with it instead of for consumption.

What is wrong in it if you are not doing anything illegal. what happens when you are a law abiding citizen even if government spy on you there is nothing they can do against me .But i would like to have some freedom and i do not want to fear the government nor anyone peeping into my assets.

I really don’t think that it is a good idea to implement these kind of things into people’s hands or wrists because that could lead to potential security breaches and people get their private keys stolen and that will cause a lot of problems, I mean we could have like a plastic card that contains our bitcoin address that would be better idea.

To make bitcoin, there are lot of simple ideas are available. I do not think it would take more complex process like implanting kind of things.

Once people realize the true advantages of bitcoin, they will leave off fiats and will embrace bitcoins. That time bitcoin will start getting the status of being main currency, as of now it might need some time to get that status. But it will happen for sure.

I agree to you , Bitcoin is not possible to become the main currency of course government wouldnt allow that. Im sure Government will lose their control in the currency they use if bitcoin replace them. We know bitcoin is anonymously used.

If the bitcoin has 1 billion users, it might be the most valuable currency. But it has long way to go.

That is way too long to achieve.
Many time I have thought about that too. But it is also scary.
It will get a lot of attention from the government of different countries and might be the end of bitcoin.
A billion user with the freedom to just transact without tax could also lead to making the government officials to make laws that would tax every transaction.
We dont know if it will be fair or not, we know those greedy bastards.

It is about the possibility, if it be, but it will be tough going, I think this is something different, Bitcoin and fiat money. Let them into something sustainable and mutually profitable and running on each track. We do not want Bitcoin controlled by the government and controlled by some investors and speculators.

Bitcoin can stand alone and can be a main currency because it has a lot of features which we can take advantage of. One of them is being fast on doing transactions like transferring and receiving bitcoins from short and longer locations, So it will be a great idea for people who want faster transactions and also a cheaper fees to pay because bitcoin already have those. Second is bitcoin is safe so even you are ordering an item online or whether paying in person, you don't need to worry about your personal informations because bitcoin does have anonymity feature.

The truth we do not know exactly how many bitcoin users in the internet.. and maybe we already touch in billions of bitcoin users..
For now there is still no exact result how many users are so for me we are nearly in billions we are not in thousand users since the price of bitcoin is high if the price could be increase more high there is the possibility that more people are using bitcoin..

Well, I think fiat and bitcoin is a different thing but have the same function. I believe, that bitcoin will someday be recognized as the major currencies. Well, although bitcoin be major currencies, we are not going to stop using fiat, because bitcoin may only be used as a means of international transactions.

 Bitcoin has high fees transaction, so if bitcoin be used for daily transaction,
 it is not good because must pay high fees especially for small amount of transaction.
Bitcoin is place for save values like gold than be used as currency at least for right now,
but if the developers has good solution for the block size problem there is chance bitcoin
become main currency.

If someday the Government successfully adopts bitcoin as official currency,
whether it's going to be a problem in the  cryptocurrency world ?

I am sure than one day, bitcoin will be one of the dominant currency in the world. But I don't think the other official currency will be disappeared. At least in the near future.

eventhough bitcoin exists all over the world, the value of main currency will remain the same as many people are comfortable with it. if it becomes main currency, obviously people will suffer but not for long period of time. they will practice to use it as main currency.

Well it depends on the situation.
I would if it keeps all the freedom and low fees of the Bitcoin.
I wouldn't if it will be like the dollar that we now have

I was not agree bitcoin be the main currency but the second currency though bitcoin has an advantage over but the anonymity that makes tools for committing criminal acts by malicious people

it may happen in the future, however, it will be a very long road. it only begins when people Bitcoin is recognized as a legal currency, there is a lot of trouble at the moment, so it would be very unlikely. I feel excited if it happens. but there are many different countries using Bitcoin, why did you choose USA? something favorable than in other countries or not? I think, it will be easy to place more countries have recognized Bitcoin, they already have the technology and tools used in everyday life Bitcoin, it is very amazing, we absolutely can be confident about the future of Bitcoin in those countries

Bitcoin is a digital currency which is being popular since years. And I think it is still light years from being a main currency, bitcoin may be a successful digital currency, but not as a main or real currency.

It's not impossible but its quite difficult cause not everybody can understand how the process of bitcoin works. It's quite complicated for beginners.  :) ;)

But, Now Bitcoin is still very rare in some countries, their knowledge against the bitcoin is really very low,
so when we say the name "Bitcoin" they are confused, what is that Bitcoin. This will be an obstacle
for the Government to accept bitcoin as main currencies.

I don't think many bitcoin users want their currency to become main. As for sure, we can't even dream about it for next nearest 10 years.

Why do you think bitcoin users won't their currency to become the main one, not only in the market but also in the physical world. Being the main currency for bitcoin is a huge step for being more stable and being strong in the market because more people will use bitcoin as a currency and it will help bitcoin price to become higher and more stable and strong.

I believe that it is proper for bitcoins to be not a main currency. If it becomes a main currency then its value will no longer rise. The increase in value is one thing that makes this coin very special as a currency. If it becomes an ordinary currency then there is no much fun in it and we will no longer enjoy the price increase when the time comes.

the currency is the most important means of payment in the world, so it is indeed the Government will surely prefer to keep using the currencies they charge. because only then they can still control and overseeing all circulation of money is different in each country, with bitcoin. Any Government would not be able to control and supervise all transactions or funds that exist therein. Because the bitcoin untraceable who's original owners.

That might not be possible. There not a single percent chance for that scenario to happen.
USD is considered as the official currency for like conversion bases.
Like it is used as a universal currency. But bitcoin is just an online currency a crypto currency.
It can just be a mode of payment but can never replace USD

for the time is certainly real money is still the main currency. but we can predict that in future most countries would have difficulty getting raw material for paper. so it could have been bitcoin become an alternative. bitcoin a digital currency is environmentally friendly because it does not depleting natural resources.

I am not a citizen of America but I am not sure how that will play out and reason being that USA is want to keep its influence over other countries of the world and one of the reason for that is because of the adoption of its currency I mean the US dollars and immediately they change to btc then I see that influence whittle down. Then there wont be room for them to give sanctions on countries or individuals not doing the right thing by freezing their accounts all over. That alone is something why I dont see them changing the currency to btc they find difficult to control.

Actually that is true. We have our own opinion about this bitcoin as mainstream currency.
I dont agree also with that. I dont want to see bitcoin falling to the officials of the government and just using it to milk money for their own profit.
In some way, I want it to be a currency for the online world, I mean no more other option but just bitcoin.
Better than making it like a physical money.

bitcoin really has the potential to become a major currency. Well, bitcoin has been the major currencies on the internet, but not in the real world, because bitcoin has not been fully recognized by some countries. if bitcoin has been recognized, I think bitcoin will be the main currency.

The value of a dollar will be useless and worthless. No regulations on money or no monetary policy, it will become unitless. People would invest their money into bitcoin so it will drag money out and our economy would become unbalance.
There are also some difficulties of borrowing money in bitcoin because of the inflation rate. You can't determine what might gonna happen in the value of our bitcoin. Many investors and companies will be lost. I can't figure out the situation!   

I am totally agree that bitcoin is a digital currencies are environmentally friendly,
But if the issue of raw materials for paper money, I think the Government will always
have a stock about that. And it's (Fiat money) will always be a main currency.

No, seriously I don't like it, I use bitcoin because bitcoin is a crypto currency and it is different and new technology on online.  But first of all, it wouldn't be happened now and also in future, that bitcoin will be used as a main currency of America and any other more country.

I'm not agreed with it, Let us stick on the original essence of what bitcoin is. Since it became famous all around the world, let us focus to that matter. Besides many are happy for what bitcoin so far right now.

yes that is right to say, there is n doubt about this that bitcoin has the potential to become the major currency of the world. although bitcoin has already the umber one digital currency but for overcoming fiat currencies it still need a lot of time, because still a few % of people are using bitcoin and when the users will increase then bitcoin will be the most popular currency of the world.

It needs a lot of time to be this thing possible. Because we need to have a stable connection on every houses or must have to be an individual Credit Card or ATM Cards to use because Bitcoin only exists inside the internet. If this thing will happen, other currencies will fall as well. But as I can see, this will need a lot of time to make this happen.

That is right. That is the reason the bitcoin will coexist with other fiat in the long term.

This is a very foolish idea to have bitcoin as a main currency in USA. Bitcoin is not a real world currency by nature and structure. It is an anonymous and decentralized currency without any regulatory authority. It will create huge economic disparity around the world if it is accepted as a main currency  in USA.

The most important thing is that bitcoin price is mainly based on public trust where the other currency is valued based on the gold reserve. So bitcoin can be accepted by individual merchants but certainly not by a country. 

Yes, I agree with what you said about It needs a lot of time to be this thing possible.
You are right, because it should be all of the population can log in internet connexion To allowing using btc. Because without internet we can't use it. I don't see that bitcoin will be a main currency in the near future.If it will be, Maybe it will take a long time.

even in the long term the possibility of bitcoin be the main currency in the world will be very difficult to happen. moreover opponent bitcoin is fiat in backing by the government.

US Dollar and Bitcoin is different in some aspect. Because dollar or fiat is a tangible currency that you can hold and may change value by the rate of currency through out the world. Unlike bitcoin , bitcoin is a crypto-currency that can only be use by the used of a wallet. Its value also change but it always depends on the rate of the bitcoin support by the community. And if you are talking about that bitcoin becoming a main currency is impossible, that is reason is you are always comparing things that is not alike. Because bitcoin can be a currency through the net for a faster transaction than ever before. For me that is the best reason for bitcoin on becoming a main currency.

No, it’s not going to replace the dollar, or any other fiat currency.

To the extent that it becomes successful, it will serve as a complement to fiat currencies, as well as other cryptocurrencies.

Yeah it surely serves as a alternate for the financial system, but it will never get termed as a main currency to get used replacing the entire list of currency that have grown high with big years of standing as a backing for it. It will continue to be the leader same as the present situation.

Yeah it isn't going to be the main currency of America, they are totally devoted and used to depend on their own currency which is dollars.

And besides, dollar is well known and being regulated by them and many other local currencies are depending their economies into it.


No it isn't going to become successful that it will come to the point of making it as main currency.

Yes, a very difficult move to make, a long process to take, but then, once the government take place and accept the bitcoin, there will be no worries at all. All we need to work out is to approve the bitcoin by each government.