Bitcoin Forum

The popularity of bitcoin has now grown so rapidly that almost everyone in different countries recognizes and utilizes bitcoin either as a business asset or as a means of payment transactions.
And as we know so far the bitcoin legality is still a consideration for governments in various countries.

Looking at that fact is it possible bitcoin will be the currency of a country?
And can bitcoin change the country's economy for the better?

No its not possible. Because there is no country which has population of same IQ that is needed to use Bitcoin. There is always to be some dumbass, that doesn't know anything about technology, and keep being ignorant, because he/she/it doesn't want to learn new stuff.

Bitcoin can not become the currency of a country. Bitcoin even closer into the international currency. Like English, bitcoin can become international currencies

Indeed, to date the bitcoin issue is about legality, to become an official currency in a country it is impossible because of unstable value.

Nope, not possible. Look at each country and their currency, their currency involves their countries history. A countries national currency is their pride. Bitcoin doesnt have a historical pride that can be considered as a countries national currency.

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A countries economy involves many aspect and bitcoin is not the solution for that. Jobs must be created, inflation rate must be reduce, bitcoin cant provide the solution for this problems.

Nothing is impossible. But not everyone in one country uses Bitcoin. There are always those who do not want to know. even some of them who do not know anything about technology, and keep being stupid, because he did not want to learn new things.

What fact?

I do not think it's a fact that "almost everyone in different countries recognizes and utilizes bitcoin". The use of bitcoin is far, far less than that. It's more accurate to say that "someone" in almost every country recognizes and utilizes bitcoin.



No, not for a major country. It would require a Country to abandon the control of its currency to adopt a currency it has no control over. This would only be a wise decision for a country that is very small and seeking to gain economically from being associated with Bitcoin OR a Country that is weak and has a financial system that is about to collapse.


Yes, absolutely! The bitcoin industry has created wealth, which eventually gets pumped into a local economy in the way of buying goods and services...people can't hold their bitcoin forever!

Additionally, Bitcoin can serve as a safe haven for a Country whose economic system is on the verge of collapse. Of course, if people in a country start selling their currency for Bitcoin the value of their currency will decline faster.

Bitcoin's own monetary order, the anonymous distributed nature and the indirect protection of illegal transactions make it very difficult for the government to recognize. This uncontrolled flow of money is bound to impact the financial environment, while its own risk will also threaten the social and economic order. Therefore, for such an uncontrollable virtual currency, it is very difficult for governments of all countries to show their encouragement and support, which in turn will be related to the smooth development of the future of Bitcoin.

It is very difficult for bitcoin to be used as a currency used by a country. As is known many countries forbid bitcoin, because they are concerned with the circulation of bitcoin if used as a means of transaction. Everyone will use bitcoin so that the eyes of the previous state will be lost and not valid. I will agree if bitcoin is only used as an asset whether it is a trading tool or an investment. If bitcoin is used as an asset it is not impossible that the government will regulate bitcoin, because it is very good to help the country's economy.

Do governments of countries need to show their support of Bitcoin? I don't think so.

Obviously, governments can outlaw the use of Bitcoin for transactions within their jurisdiction, but let's be honest...how much Bitcoin transaction activity is really happening between businesses and consumers? Very little.

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What if Bitcoin became a World Reserve Currency that fiat currencies are backed by? Like going back to the gold standard. This seems like the most realistic level of governments embracing Bitcoin.

Thoughts?

No,It can't be a currency of one country because it is a decentralized technology anyone can use it if they want so one single country cannot own bitcoin as their country's currency.But bitcoin is lot better than the current country's money because fiat lose its value day by day but bitcoin getting more value day by day.

yes, it is very possible, but not easy, because the consequence is if bitcoin is legalized and made into a currency by a country, then the government should eliminate the national currency. and it's hard to do.

so in my opinion, for a while today bitcoin is only used as a means of transaction only, as in japan and also in other countries.

and if bitcoins are made into currencies, then it will certainly improve the economy.

Feels like this one is already asked. I think my brows were no it can't help nations economy as it is impossible to without any taxes paid to government. The taxation system is still poor when it comes to crypto currency. We can skip developed countries as they have very advance system and some of them already stated roughly that they will incur taxes for any crypto transaction. So that country might just benefit from this all.

Otherwise there is only way for its contribution and that's getting the system in circulation with crypto world and collaborative banking system.

If Bitcoin would be a currency of a currency then this situation would not be normal so far i think because of the price uncertainty. not only that but also it would be a threat for the economic condition because of the decentralized system. also government will not recognize how and who is the owner of the Bitcoin.
There is also barrier in this issue, Bitcoin is only used in the virtual life but not all people of a country is not interested in using Internet for the spending or receiving money regarding their daily life. So it's really a difficult for being a currency of a currency.

Bitcoin becoming the country's currency is possible in the future when more and more governments similar to Japan starts giving importance to the use of bitcoin. Being a country's currency requires lot of legalities to be fulfilled, by this time very few countries agonize for the same.

I don't think bitcoin will be consider as currency in any country since each has it's own monetary currency and value. It will be easy to determine what country is using such a currency and I may just say, governments from any country would be implementing tax later once this cryptocurrencies will be legalized and fully implemented in their country as well. Well considering the good side, bitcoin may able to make a country's economy better like helping the unemployed people to earn profit like joining into a signature bounty campaign at least with bitcoin, they may able to lessen their financial burdens. Let bitcoin be consider as an investment for those people wishing to gain profit at a promising result.

It is possible in all the countries but it take more than 10 to 15 years. Most of the countries are implementing the cryptocurrency legalization at the same time number of countries are poor in the economic status. So we don't expect the global currency in Bitcoin. Once approved in Bitcoin it should be monitored in government so it will change as a centralized cryptocurrency. So currently it is impossible but after 10 years some changes is possible.

i think this can't be happened. because not all country has a free Internet to access bitcoin. before you access bitcoin you need some internet usage and we all know that not all people has a bitcoin account and not all people has a andriod phone to easily access in internet otherwise you are willing to brought your own desktop on the store haha

that not possible...as you can see now many countries already ban or restrict bitcoin circulation...because they cant control it or it will make their fiat money lose its price...well if you want that happen maybe you should make your own country which can use bitcoin or altcoin or coup your goverment...hahah

I think it will happen to the future as the technology upgrades. All transactions in the world will be faster and easier if that happens but I am sure it will happen in the future.

Bitcoin is designed for the whole world, and it is not for a specific country.
So Bitcoin can't be a currency of a specific country by any means. Though governments may develop their own currency for their own countries for their own peoples.

Maybe time is the only thing to be considered here.

Maybe you can read post of another friends, because I see many topic talking about this.
In my opinion, bitcoin will not change the currency of an country because bitcoin transactions can't be tracked, bitcoin has many weakness and bitcoin price is very fluctuate, many country are scare with developmental of blockchain technology.

it would not be possible, every country has its own local currency. you should know that.
bitcoin is a currency that can not be set by a country or individual. I think you should read and recognize again the characteristics of bitcoin. you will find plenty of understanding and knowledge.

It would take a while for everyone in a country to start using bitcoin solely as a currency. If you think how much you have had to learn about bitcoin since you have been involved.
Fiat has worked as a currency and most are happy with that however its wasn't that long ago that there was no credit and debit cards and people adapted to what is now the norm.

No its not possible, because buy and sell bitcoin , its is hide exchange, the goverment cant control, active delinquency will develop!!!!

You may be right but I don't think that will in any way undermine the fact that bitcoin could become the country's currency in the nearest future because technology is advancing daily.

it's too soon for bitcoin to be the country's currency and I think there will be many people in the government that will reject bitcoin although they can see the potential of bitcoin. I don't think that the government wants their currency to be replaced with bitcoin because they cannot control the bitcoin but on the other side, I think they are holding bitcoin too. maybe we need more time before bitcoin could be a currency for one or more country and I think it is better that we could use bitcoin for making money only right now.

Well, it would be good if there would be a developed country which will be using bitcoin, because later on, other countries will just do the same thing. Just like English as our universal language. America uses English as their language, and then, the world decides to make use of it. That's how our world works.

Bitcoin will not be able to become the country’s currency ever but it will become the currency of the world, because it is not a currency with local mentality. Moreover, I admit that bitcoin has the feature which can be the reason of damage to the society but soon all of them will be regularized and then nothing will be stopping bitcoin to be in the practice. Tracking the identity of the bitcoin transaction, taxation, money laundering, they are not that serious threats that they can become a reason that world does not shift to better technology.

Exactly. Bitcoin is decentralized and cannot be contrilolled nationally.Therefore it is the mode of international payment platform.

Bitcoin can become the currency of a country but that is almost impossible to happen because people use money everyday to pay for everything and it will take a lot of time until they are going to get used to pay with bitcoin, especially in a very big country/city. It is possible to become the currency of a small city that have only a few thousands of people living there if an investor will try and develop that city but still that is hard. Right now it seems impossible from my point of view for bitcoin to become the official currency of a country

How does the government control the flow of cash? Criminals use cash more often. Are you suggesting we ban cash? Lol. You repeat a fake that is distributed by governments and bankers. I do not believe that bitcoin will be an international currency. That isn't possible. Bitcoin can only be a national currency that will exist in parallel with Fiat.

As you are a bitcoiner, you should not write something like this because it creates FUD and etc.
I believe bitcoin is not a damage to the society but it is more than a tech which can be used for better uses.

Hiding from taxes, money laundering, drug or any other illegal activities does not happen only with bitcoin but it also happens with fiat.
Bitcoin just born 9 years ago, but before that or till now fiat is also being used for those illegal activities. Bitcoin is nothing if compared with fiat's illegal activities.

I hope you can understand what I'm trying to say.  ;)

Bitcoin as if now using as asset not as payment method .Very few might be using payment . I could say bitcoin could improve normal mans growth in any country . government will get less benefit because traditional banking system will get less investments. Each individual growth in any country will be benefit for countries growth.

No, it is not possible as countries like to have centralized payment systems.

Till the time this bitcoin is not a legal currency and the government does not accept it as the legal currency, it will be very much difficult to claim this thing that bitcoin can be a national currency, it can only become the national currency of any state if the government is willing to declare it as their official currency. Moreover, this will surely take lot of time and after that we can expect such kind of thing only.

People need a lot of time to get used to something, but first we need to let them know that bitcoin is the legal currency of a country I do not know, but if we do not spread bitcoin it will never be.

I think it is not possible, as main feature of bitcoin - decentralization will be lost. It should not be controlled by any government.

A country will not absorb Bitcoin as its national currency. I believe that Bitcoin will stay as it is, a currency for global use. Many country will just copy Bitcoin and make their own coin. That is the most probable event that would happen. Just imagine if a country used Bitcoin as its national currency. Many could manipulate their economy with ease.

I think it is entirely possible that in some countries of inflation is very serious, so their legal tender points is not worth , if countries do not limit the bitcoin, the bitcoin will replace the legal tender status.

It is really far from being possible, stressing, the cycle of fiat currency will be the most severe target of that ideal. Fact that Bitcoin is a self governed currency it will be hard for any government to reign this agenda. Whereas if bitcoin will accepted in every edge of the society around th globe no doubt sooner or later it "might" have a chance of being an official currency. But I would like to believe that so far as of now with the mainstream Bitcoin it is really far from being a currency. Currencies deeply affect the prosperity of economy in every country, bitcoin, as a crypto currency can extremely contribute to any country's economy's success.

I do not think that it is realistic, and I also do not think that it should be controlled by government.

then the internet will be the first and most we need then, it all depends on the internet because we trade on the internet and if lose the internet
we will lose the cyber world also the crypto

As of now I think that there's no possibility that it will happen because some people didn't know what bitcoin is and some government didn't allowed bitcoin in their country because of being risky. Also people need enough knowledge about it as well as the government if they will allowed it as their new currency.

I highly doubt that a country would make bitcoin as its main currency. Remember that fiat/paper money has no value and it is only a representation of each country's gold reserve (which determines its value). Since bitcoin is highly volatile and its price is determinable upon the market volume, law of demand and supply, etc. this would create conflict upon a country's economic standing.

Second, adapting a digitalised form of payment would require everyone to at least have bitcoin and a stable internet connection. Since there are economic discrepancies among developed countries vis-a-vis developing countries and underdeveloped countries, this would too arise a conflict in international market tradings and other relevant stuff.


Thank you for pointing that out. Just to add, a country cannot recognize a currency which is being prohibited by some countries. It must be widely accepted worldwide and the government must support its actual implementation.

This can happen in different countries because bitcoin has a lot of equipment in all currencies.
 I think it's just that we're having trouble finding no internet as well.

I think its impossible that bitcoin will be the main currency of each country your just throwing you beloved country if you do that and specially you better love your main currency because with out we can even cash out some cash and in the first place if bitcoin was gone what we gonna do if our main currency will gone also

i dont know if it possible if bitcoin becomes the country currency,it because the circulation in different countries and dependent territories around the world is not capable today,maybe soon it will happen in our country,if our government will accept the bitcoin in crypto currencies in the whole world

Bitcoin is fast becoming acceptable for most online crypto payments and of course other alternative coins are now beginning to emerge, It is clearly that the trend will keep climbing until it becomes the acceptable alternative to fiat. When countries accept them then the legal backing of the crypto world is solid and it increases trust.....

I actually don't think that that could happen. In selecting a currency, countries undergo a long process, and it is also has a historical basis. And since most countries today already have their currencies, it would be difficult for Bitcoin to ascend to that status where it would be more considered as the currency of a country. That could happen if a new country would be created, and it would consider Bitcoin as its currency. I more so see Bitcoin as a currency that could interplay with local currencies than it being the prime currency of one country.

Bitcoin belongs to the internet, to the people. It does not belong to some country or government, it would not be bitcoin anymore if it would be some country's official money.

Hi,

Actually, I think that there are many people knowing about bitcoin... but completely unready to use it. They "know" it is a digital currency. And that's (almost) all.

On top of that, a country needs to have control on the currency it uses. So bitcoin can be used by people and businesses but for the moment it is utterly unthinkable for a government to adopt bitcoin.

impossible, if bitcoin becomes a country currency it means bitcoin is no longer decentralized, and there are still many countries dealing with the issue of bitcoin legality, and if the legality is still difficult how can bitcoin be the currency of a country.

Regarding the second question, whether BTC can change the country's economy for the better, I think BTC has done so since it was set up.
And if it can become a country's official currency, why not. If there is such a government that wants to get rid of the banks, which is I not believe.  ;D

i will accept it with all of my heart,hows this great coin can be expense anytime everytime we wanted.how this secure currency will bon our wallet without hassle of being taken by the others.this is a one great expectation so we would be enjoy the benefits of having this bitcoin in our life

It is not possible because a signle country can not have possesion of all the bitcoin then how it is possible to be a country's national currency.But they can announce bitcoin as a legal tender in their country if they have all the cryptos regulated and recorded then they can track the usage if it is used for illegal activities.

Bitcoin is not yet worthy of a country's currency, compared to the country's currency, bitcoins are so unstable even in seconds, to serve as currency, there is no guarantee that bitcoin will last a lifetime for used transactions. Bitcoin greatly values ​​the privacy of its users, the government will find it difficult to know, manage, or control the bitcoin

If bitcoin becomes a national currency then there will be exact adherence to certain rules and this is its stability without ups and jumps down at least.

It is impossible for bitcoin to be some country's national currency, though nations can remove regulations on it but making it as a national currency is something that cant be digested.

I think, bitcoin can be a daily currency if the government also supports bitcoin and accept bitcoin as legitimate payment, but if it does not then it would be impossible

Poland is planning to create their cryptocurrency „Digital PLN“ („dPLN“). This coin won't be let used anonymously.

Exactly not soon it will happen. Since there are so many flaws in bitcoin, for example, the same time spent on one transaction. And the fact that the state will not be able to control bitcoin (since it is a decentralized currency). Purely because of this, they do not want to recognize him. Without taking into account a number of other difficulties.

for a country to accept the BTC it is unlikely that,
even from the point of view I find that all central banks will refrain from debating this matter in more detail,
this is because the issue that is often played is the secret of holders and transactions
that enable the occurrence of abuse in money laundering and terrorist financing

in addition,
the BTC does not represent any country and has separate with
development by teams that shape the economic landscape in our own mold
without intervention from any financial institution and this is in contrast to the 8 world giants currency
that have political power and economic relations strong with all countries and
compete with each other through geo-political and economic static

but in the event that have a country recognizes BTC
as their country currency it will be a matter
that really happens beyond the reach of the mind.
we can assume it is a success and will change
the world economy landscape completely.

I think Bitcoin will not be the currency of a country because Bitcoin is secret and its appearance no one knows, bitcoin from which country? many people say from japan but i am not so sure of that statement.

I don't think that in the democratic environment, anything like this is possible because we elect some representatives to represent us but they want to control the things on behalf of us so as a governing authority, they don't want us to hold our values as they seek the control on it. Thus, I am not expecting Bitcoin to emerge as a national currency of any democratic country.

Since this platform is becoming popular and profitable around the world so that it will become a large platform in the future. So day by day every country will get this one as their currency because of the public demand. In this way, Bitcoin will become the country's currency...

No way, bitcoin is not ready yet to be a global currency or a country currency, that country will be broke because the slow speed transaction and high fee.
But i think one day it can be, bitcoin is growing.

If bitcoin becomes a country's currency it's a good news, and the country will be more famous because all the people use bitcoin as a means of payment, and the country will be known with excellent technology because they use virtual currency.

Maybe they can create their own crypto currencies for their country but they can't use bitcoin as their only currency becaue its availability is less and I don't think a government will make a decentralized currency as their currency.

If bitcoin will become a currency of a country. Its a good news for those people who have bitcoin in their possenssion and know how bitcoin works. But bad news for those poor and uneducated people. Because they don't know what bitcoin is and how to use it.

Bitcoin can change the country's economy for the better there is no doubt about it.  Considering that many unemployed was able to have some earnings because of bitcoin and other cryptocurrency.  As if it is possible that bitcoin will be the currency of a country, I do not think so.  Since it is being used on same rate same price on the whole world.

I do not think it's easy to convert a local currency into a bitcoin currency, but if bitcoin is used as a digital transaction tool that applies across the country I think it can be realized. it all depends on the policies of all countries

No, I do not think bitcoin can become a national currency. high payment costs and slow transactions. Can not use bitcoin to pay for daily expenses. Governments can hardly control all bitcoins in their country. I think there should be some improvements to make bitcoin better

Right now bitcoin is not controlled by the government and bitcoin is the free currency but and much as time passing bitcoin being so famous and now government of the country is trying to take the command and I think it will be good because more people will be able to use bitcoin as a regular currency, bitcoin is very easy and reliable to use and it is a source to transact money from one country to the other without any problem and worry of lose as these kind of transaction is being done within hours now.

Bitcoin is illegal in many country.But if bitcoin becomes our country currency ,it will be great for us.If bitcoin legal in my country.I will bear all of my daily necessary by bitcoin suce as my tution fees,my shopings,my net bills etc.it will be easy for me to buy anything in anytime by bitcoin.

While in the network Bitcoin will not get the opportunity to make instant payments. No one government will even think about it.

I think that will never happen. In my country, the government does not accept bitcoin. The government does not control the development of bitcoin, the govement can’t apply taxes with bitcoin so they have banned bitcoins. Moreover, many people do not know what bitcoin is.

Read more : https://bitcointalk.org/index.php?topic=3039317.0

Yes, bitcoin legality is still a consideration in many countries, but I don’t think that bitcoin will ever be legalised as an official currency by many countries. Bitcoin is quite volatile and has scalability issue that makes it not fit for being a currency. If bitcoin is ever made a legal currency in any country, it can improve the financial status of the country but it can also prove to be opposite due to volatility of bitcoin. So according to me bitcoin can be termed as an asset, but not as a currency. Its just a store of value nothing more.

That can't be possible because of the volatility nature of it and if such will happen it will only be adopted by few advanced countries..

If it is going to be declared as one country's currency it would be pumped as hell. Be sure about it. Current market cap of bitcoin is high but I can't even imagine if country like for example, ireland, using it.

At present, Bitcoin will not become a national currency, because the country is afraid of this, so that the people are really the masters of the world, and the control of the currency itself is tightly held. In fact, the state has realized that the future trend must be the digital currency instead of paper currency, so we must first make strong efforts. Visual Alipay, WeChat is also shivering, and will eventually be banned, universal use of the central bank's digital currency system.

Positively, crypto will help the economic growth of the country. It's because it gives opportunity to those people seeking jobs in an online industry. So, let's make things easy, bitcoin is already a currency and let's just enjoy its services.

If bitcoin become the currency of a certain country then the economy of that country might not be stable. However if and only if bitcoin could make a way that the price could be stabilized in a certain amount then it would be a blessing for that country having bitcoin as thier currency.

I think it will be the pros and cons for the country .... Because every country already has its own currency .... Then bitcoin will be placed in which country? Maybe zimbabwe want to receive this crypto currency  ;D

Bitcoin can indeed change the economy of its users but can not change the country's economy. Because not everyone in the country is using Bitcoin. I do not think Bitcoin could be the currency of a country. Because each country has its own currency. Even if Bitcoin becomes the currency of a country means all the rules about finance will be changed all.

If bitcoin become the country's currency then it will not be good because a lot of volatility will occur and that is not only available in the market of bitcoin but also to the other market in the country that accept bitcoin like the prices of the goods and the other services will be volatile because they will be depending on the rate of exchange of bitcoin and that is how risky it is to make bitcoin as a national currency of a country.

Revolution takes time and moreover not everyone can afford to have higher level education in a country cause of many problems that can either be family issues or financial issue. Not every people is literate enough to understand the technology that lies beneath bitcoin or any other crypto currencies.

Bigger changes take time to occur for a mass population, its not a thing that can get applied in a fortnight. And if guided properly each citizen of any country can learn to use bitcoin. Its not them being ignorant and dumbass its you people that thing the same.

The limited number of bitcoins does not guarantee that prices will always rise. The problem with bitcoin is that it has shot up in the short term.

If you like it, it can be valuable, but it can never be a legal tender.

bitcoin will never become the national currency. Because bitcoin is a virtual digital currency. Bitcoin is created for every transaction in place of cash. bitcoin has a certain limit value and it will reach the lowest value of zero.

Yes, at present, not only bitscoin used to pay for goods and services but also other coins have been accepted by some governments as "ETH, Litecoin, Ripple, Dash ... etc. Bitcoin prices will not continue to increase, Bitcoin prices will be at $ 11,000 or lower, because the market is already saturated, and many other altcoins are taking over Bitcoin's market share.

Bitcoin is not ready to become used as a national. There's no enough place in the blocks. However, lightning network should solve this problem because it will allow us to move most of the transactions off-chain. It is not a perfect solution because we still have to use on-chain transactions for opening channel which means that higher blocksize will be needed anyway.

There's no way Bitcoin is becoming the currency of a country. Countries would rather prefer developing their own currency than using something they don't have any control over. What makes you think some country will use Bitcoin on which they have no control but not create their own? You can see an example with Venezuela, which created its own currency petro.

I think that Bitcoin will not become a coin of the country, since it has become too heavy and is now regarded as an investment product, expensive transactions I think this is the main reason and price!

I don’t think what you said is even slight correct, but rather its just the opposite. You are saying that bitcoin provides indirect protection against illegal activities. That’s totally incorrect. Bitcoin has given rise to many illegal activities and funding of terrorist organisations in the world.

It hasn’t provided any protection against illegal activities. I don’t think that’s even gonna stop until the exchanges , etc are regulated in various countries. And ofcoarse government wont declare an asset as a currency which they cant even control.

Bitcoin can change the economic situation of a country, but becoming a country's legal currency is a little difficult because of its characteristics, it is difficult to receive control, and the country will not allow an uncontrolled currency to become a legal currency.

If that happens I'm sure the first thing we need is freedom in the internet connection, because I think without an internet konkesi not possible investors and holders of currency crypto can transact. And changes in financial holders of the crypto currency will be better

Well , it might happen in the near future but for me not as country's currency but other payment method or valuable thing.

Government of country needs to show their support in regulation of bitcoin and not in making it some virtual currency used to buy real world stuffs. Without support of government and without regulating bitcoin and other crypto assets, neither country no crypto market can grow. Bitcoin can never be backed by fiat currency and even if it is backed up by them, it doesn’t solve the volatility and scalability problem of bitcoin.

Government can regulate bitcoin, but it can never be stopped as transactions are anonymous. Bitcoin can never be either considered as a currency and neither can be a reserve backed by fiat currency cause that wont even make sense.

Yes, bitcoin will possibly become the country's currency as we can see it is know getting popular, not only that some countries are know adapting bitcoin or crypto as mode of payment as they can see its huge potential, however before it happens I think there will be few steps that government will take before they consider adapting it. Or they need to study how other countries manage to accept bitcoin before making decisions, it would normally take time but for sure, bitcoin will eventually be considered as a cpuntry's accepted currency.

Bitcoin is difficult to become a currency, and it is impossible for governments to make it a unit of account for economic activities and transactions. This is a fundamental attribute of money, and bitcoin can hardly change the credit ecology in a modern economic environment. To reduce the pro-cyclicality of finance, the feasible way is to reform the existing monetary pyramid and standardize finance, rather than restart the stove.

I think this is a very difficult thing, my country has banned bitcoin, even more and more countries are banning bitcoin, if that's the case I would be very happy because bitcoin can be used as a legitimate currency in my country

Transfer fee However, if the transfer is to be made immediately, you will have to pay a commission that you yourself decide to pay the more you pay, the more will be the transfer.

I think Bitcoin is only used in virtual life but not everyone in a country is not interested in using the Internet for shopping or receiving money about their daily lives. So it is very difficult to become the main currency. Bitcoin will also be a threat to economic conditions because of a decentralized system whose value can not be affected by any policy

Sadly will never happen, governments will never accept something they can't control - bitcoin.
Most likely countries will issue it's own local crypto currency, which they can control and influence the price.
Crypto currency will definitely help some countries to overpass sanctions, and most likely boost economy of this country.

It is difficult to make bitcoin into the country's currency. Despite the robust development of bitcoin and it's convenience, many still do not trust it. So many governments do not accept bitcoin. In a country, a lot of people do not know what bitcoin is, there are some elements who don't known about technology, refuse to learn new things, and barely understand the bitcoin knowledge.

Aside from that, the country's economy and market itself would be totally reliant to internet and they should be able to provide internet services throughout the nation plus the market price would be very volatile to be used across that county.

I think bitcoin that will not be currency because not all country are agree on bitcoin they ban bitcoin because they can't control it and not all country are have an internet access and not all people have an account on bitcoin.

if to be the currency of a country I think it takes time and process long enough because to replace it it must be accepted by all society and all groups

You are right because no government can fully control the bitcoin. because the bitcoin is decentralized. The greatest possibility is that a government creates its own cryptocurrency which they can fully control.

We cannot assure that bitcoin will be a country currency because of the people that dont know about bitcoin or in the crypto world and some people want to help others so that they also know what it is but they’re always refused about it because of the ignorance and not a open minded people, thats why we can say bitcoin will never be a country currency.

you are right. Nowadays, bitcoin will just be an investment tool, or payments on the internet. there are still so many things to keep in mind. it will make the economic balance becomes unstable because of the btc price of the dump and pum quickly.

The government of each country will not accept bitcoin become currency. Because we have different currency and every country has taxes by using own currency. What the bitcoin can get taxes if our use it. So I think it's not reaility to happen or impossible to happen. Because also we hve big effect on the globalization because some people are investing in other currency and sell it if price increase.

Bitcoin can not become the currency of a country. maybe a cryptocurrency with features similar to Bitcoin will become international currency, except my county.

No, bitcoins can not be made in a country's currency. Although in the future crypto became very popular and the country adopted the crypto system it is likely the country will make their own crypto currency.

it seems that many governments are very anti with bitcoin, bitcoin potential that will harm the government is the reason, but if the government can be a little friendly, maybe they can give certain rules so bitcoin can only be the option for local currency, that would benefit both parties right?

then the internet will be the first and most we need then, it all depends on the internet because we trade on the internet and if lose the internet
we will lose the cyber world also the crypto

It is impossible, I think is very difficult for bitcoin to be used as a currency used by a country, because every country has own currency. Bitcoin is the higjh volatility, it is difficult be comes the country's currency. Maybe In the future it will happen. If the bitcoin is more stable.

It think it is possible if government of the country will accept bitcoin. As I observed a lot of country are using bitcoin and we can say that it bitcoin could really become the countries currency.

Yes, its hard to attain because each country's has its own currency that have been protected and if that will happen then all establishment in a country from the highest down to the smallest level should have the system to accept bitcoin transaction and it should be granted that internet was fully harness into the different corner.

Bitcoin that is not affiliated with a country in my opinion is very likely to be used as world currency for trading. Without any affiliation the influence of a country's circumstances to the value of Bitcoin would be minimal, so Bitcoin would be more stable in its exchange rate.

if bitcoin becomes the country's currency, then it is good for us all as it means we can now freely trade with it making our transactions more secure and faster

If bitcoin becomes the world reserve currency, then on its basis central banks will be able to issue their fiat (not having their own value) money. Thus, the gold standard, which existed in the world financial system until the early 1970s, will return in essence. The issue of fiat money will be one of the last possibilities of central banks to influence monetary policy...

To realize the idea of the world currency, which should become a means of payment, it is necessary to motivate people to start using bitcoin and other crypto-currencies in order to practice all the mechanisms of this technology in practice. It is very difficult to do this when there is high volatility, and the rate is constantly growing. Therefore, the next stage in the development of the entire project will be the stabilization of the course. There are still reasons to believe that the rate will increase

Theres is a big chances that bitcoin become a currency of the country soon,but for as now there will be a big question about the legality of bitcoin,in every country  and if example its, these would be happen there is a chances that all banks would be dimished and all transaction will goes to blockchain market,while in other hand if bitcoin will take over  all of this theres a possibility that economy in the country will become better and we go towards an industrilize capitalize country globally.

In order that bitcoin could become the main currency for it, like any other technology, it is necessary to overcome the stage of development, on which the problems of scalability, flexibility and anonymity will be solved. As mentioned above, the complexity of the Bitcoin network obliges its developers to create a thoughtful solution for scaling the network, since an insufficiently competent approach can either lead to the separation of the Bitcoin network or provoke serious security problems that will disappear in the future.

Bitcoin is hard to use as a currency used by a country
. Not all countries accept bitcoin and bitcoin has been banned in many countries.

a country prefers the country's native currency because it is made in the original country itself and has become public trust in the payment. if the bitcoin is in control of it and can not be used in the exact crime bitcoin will be used by the state of the country in this world.

This depends on what country you are residing. If you're country has fuly embraced and accpted the idea of bitcoin, then, it has a possibility that it can be the next virtual currency. Bitcoin has a full potential to make one's financial  grow since it has a very high value and a demand in the market. If people in one country will invest in it, it would contribute to the economic growth of one country.

could bitcoin be the currency of a country but would "Satoshi Nakamoto" as the creator of bitcoin would agree with that? then which country would make bitcoin the country's currency first?

Neither bitcoin, nor other cryptocurrencies in the near future will be able to become national currencies for 3 main reasons:
1. The government (central bank) will not be able to fully control this currency
2. Cryptocurrency transactions are much slower than transactions in monetary bank transfers
3. The process of transition from one currency to another is very long and difficult at the legislative level

i don't think that bitcoin can became a country's national currency as if it happens then the government wont be able get taxes and run the country , the government wont be able to trace any transactions ,  the country could became a shadow trade zone where anyone  can buy anything , the anonymous nature of bitcoin could be misused and the country would eventually fall down .

to make BTC a national currency the government should get at-least the power to trace transactions .

Technically, it is possible but it will be really difficult. We have had debit and credit cards for a long time and still there are many places where you can't pay with them. We would have to spend lots of money on educating people how to use Bitcoin. Also, Bitcoin is still not capable of handling that many transaction per second. If even a small country decided to make Bitcoin their official currency then it would be a disaster. Lightning Network is still not ready and not as easy to use as on-chain transactions. We still need some time.

I do not give too much chance. If any crypto money is common currency of an country, the value is fixed. The value does not rise too much.
It will be very dangerous if it is attacked by other crypto currencies. No country will take this risk.
I think that crypto money will continue to be traded in the stock market.

At the moment, developing countries use bitcoin to trade in services, so bitcoin easily becomes the currency of the country in the future. In fact, underdeveloped countries do not use bitcoin completely, so calling bitcoin a national currency is not necessarily. In the future, I think bitcoin will be used most of the countries around the world and the possibility of bitcoin will become the country's currency.

It is also acceptable if a country that allows them to access barcodes online is very convenient and there will be more bitcoin transponders coming up for that purpose.

Bitcoin becoming the country's currency is possible when it gets the legal acceptance from the governing body of the respective country. Already there are lot of expertise predictions stating that the country which adopts bitcoin legally will grow high in its economy. Hope the change gets ignited at the shortest with more countries showing interest to accept bitcoin legally.

Maybe, the best for bitcoin is to be the same as it is today. I mean, it does not need to be a real currency to be useful, it already is. So it is best for it to stay as a virtual currency.

If bitcoin becomes the currency of the country, then the economy of the country will be strengthened because online transfer will be profitable and a rein in corruption will take place.

but the problem is with the government because they need to approve bitcoin as a new currency and maybe they will allow bitcoin to works together with fiat. besides that, the country should have a good internet connection for using bitcoin by online because without this, the citizen cannot make a transaction and the economy of the country will not works.

Yes, i guess so, specially to the third world countries who are so poor, if bitcoin becomes the world currency then perhaps the exchange rate is equal. It would mean a great help to the poor countries because bitcoin could really help the economy and reduced the unemployment rate. Many people are earning more in bitcoin than in their regular job.

Monies have to be generally acceptable, portable, divisible into smaller units, durable, limited in supply, and uniform (so that we don’t have to spend time working out whether something really is a dollar, or a pound, or a gold sovereign). It is easy to understand how a commodity such as gold can evolve into money.

For me it is not possible that Bitcoin will become the main currency of a country it is because of it's volatility which makes it uncertain. When it comes to cahnging the country's economic gain or for the betterness, I can probably say that, yes of course it will help improve. We may not feel it by now maybe because it is still in the process of adoptation but in the near future I know that blockchain technology will be used side by side with fiat money it is because some governments see potential most especially with Bitcoin.

Maybe soon  not in a country but will be a world wide currency, But we are far from there because there are so many people who are against it most likely the governments. Just trust the process and just continue spreading the good new about bitcoin and how it works.

this would be very nice

Its impossible to make bitcoin as currency of a country. Bitcoin is decentralized system and data spread all around the world. Its impossible if bitcoin claim as currency in some country because the decentralize system.
I think bitcoin can make economy become better because with bitcoin advantages on transaction, company or people will more eficient on their transaction

Bitcoin is not that stable on the price and that is the reason for us to not expect that bitcoin will gonna be a country's currency because if that is possible then we can just see that some of the countries even a small country will just make bitcoin as their primary currency but it is not happening because it is just a headache for them to deal with volatile price for pricing of their goods and other stuffs.

This will happen soon if support cryptocurrency for the near future. We may not feel it by now maybe because it is still in the process of adoptation but in the near future I know that blockchain technology will be used side by side with fiat money it is because some governments see potential most especially with Bitcoin. If the bitcoin is in control of it and can not be used in the exact crime bitcoin will be used by the state of the country in this world. Many people are earning more in bitcoin than in their regular job.

I don't think it's possible and it shouldn't have to. We all know that bitcoin is popular among people all over the world but that doesn't mean that their currency were being changed into bitcoin or any other cryptocurrencies. Every country has their own currency and that's what define who they are. Imagine if we change all the currency into bitcoin, then all the countries won't have identity for themself. Let them have their own currency and make bitcoin as a legal international currency.

Bitcoin is recognized in different countries, but to convert it into its currency, I do not believe that Bitcoin is a decentralized system

still too long it happens to be the currency of a country because bitcoin is not known and understood by all levels of society and class because the currency of a country must be accepted by all levels of society

If bitcoin becomes the country’s currency this will be a good advantage for us that who has already started here. It is because we already have a bitcoins and aside of that we already gained the knowledge on how it function and the most important thing is we already know how to get bitcoins. If this will happen for sure that price or value of bitcoin will rapidly raise because the demand of it will surely raise to. Well we must pray for it that this will come in the near future. But in my personal opinion this might be just a dream for each and every one of us.   

if the bitcoin currency so the country's currency, that's great and also we can add friends, hopefully the bitcoin currency can be officially in Indonesia.

it will not happen if bitcoin becomes the currency of the country, because the currency must be real and made by the state itself. bitcoin if the real world is not worth it. because bitcoin is a digital currency so if in the digital world bitcoin has a fantastic selling price.

There's a chance that bitcoin will help out a country's economy by giving the citizens a way to make money, means there's another source of income which is good for the country and it will be taxable.
Bitcoin can be a country's currency but it will not be the main one, it can be a sort of alternative payment just like what's on the news that it's possible for someone to pay taxes through bitcoin.
Since the main feature of bitcoin is to be that way.

not likely, it will not be possible. there will be no country that makes bticoin as the country's money.
bitcoin is too risky fluctuations are very sharp. it will be bad for the economic condition of a country

I think no the government will not let bitcoin as a country currency and this is bad for their economy because we know the bitcoin price is so volatile.

I think it will happen in future,not now because there are many country has not much educed person who are able to use bitcoin technology.So how can they use it as a country currency.

If Bitcoin was approved in every country, then every person in the world would be benefited and every country must be digital before and everyone will have to buy onlien.

I do not give a chance like this. No country currency does not make crypt money.
In the future, the countries will take out their own money. Such a thing will not happen in the near future.
Crypto money continues to be traded on stock exchange sites. I do not think anything will happen outside of it.

It can become an International currency but I don’t think it could ever replace a national currency with hard, physical money as many don’t understand the tech

This is a very good news for bitcoin investors as the money they invest has become more popular and more people know them and they are becoming more valuable and easier to trade.

Government will not allow this.
Or he make individual adress for each one, this concept look like good

Blockchain fundamental is based on fairness, equality and decentralization. I believe any country that eventually adopt bitcoin as the currency may have introduce fraud free financial system in their economy. The economy will grow with every money accrue to the country being accounted for and payment system also become clean and audit able.

I don't believe it's conceivable and it shouldn't need to. We as a whole realize that bitcoin is prominent among individuals everywhere throughout the world yet that doesn't imply that their cash were being changed into bitcoin or some other digital forms of money. Each nation has their own particular cash and that is the thing that characterize their identity. Suppose we change all the cash into bitcoin, at that point every one of the nations won't have character for themselves. Give them a chance to have their own particular cash and make bitcoin as a legitimate worldwide money.

If they become the wisdom of the country, they have been accepted by the government as well as they have been legitimized and publicized throughout the country. It is also new and strange to us and to individuals. involved in bitcoin

As is known many countries forbid bitcoin, because they are concerned with the circulation of bitcoin if used as a means of transaction. Everyone will use bitcoin so that the eyes of the previous state will be lost and invalid.

it possible but noy now it is future plan.100% technology and 100% support and member plan of international successful be come.

You are right. I am very sure if in the future there will be many countries that make their own cryptocurrency. So they can control and monitor it to the fullest. It can not be denied that the financial system has developed after the creation of cryptocurrency. The development of this technology should be utilized properly, so the government must also take a wise decision.

I dont think Bitcoin will be any countries currency, because as of now many countries are banning bitcoin and crypto curriencies, It is very difficult to track the Bitcoin transactions and It can be very danger for many countries to use Bitcoin, May be countries can generate their own  crypto currency.

thats right bitcoin will become international currency .

it might happen, but it would be very difficult for bitcoin to be used as the currency used by a country. many countries forbid bitcoin, because they worry about bitcoin circulation if used as a transaction tool. I would agree if bitcoin is only used as an asset whether it is a trading or investment tool.

Well, what change into your life being a bitcoin holder will reflect on the economy of your country, what i mean is, those who have a bitcoin will now change their life and now they can buy their daily needs and even what they want whereas it can big help to the economy.

it would be great for so many people especially to thoae who are familiar with crypto world that would be easy for them to understand bitcoin if it is real currency

This is a challenge especially in Third World Countries wherein internet is a big issue. Actually this is the main reason why there are altcoins

 ::)Well we may not know what future bring but this things that is happening can be that part-changes, new technologies and rising new system and among others and bitcoin is one of those and as we can see people are now learning little by little how to use it..just like in the past when cellphone was first introduce to us but then as the days goes by we all learned  it and not any single person knows it, so I'm sure that will be the same as bitcoin as currency in the future...eventually people will learn to use it, accept it and become part of their daily lives.

...Bitcoin is fit to be called an international crypto currency because every country has a lot of people using it as a new technology currency. But it's not impossible that bitcoin becomes the country's currency because the evolution of technology is on going.

If bitcoin would be the primary means of transaction of a certain country, that would probably needs a lot of transition and changes to the entire market and trading system of that said country. Consider not only the system of exchange but also the payment for services rendered and the whole circulation of their financial system. It is more realistic to look at bitcoin as an alternative choice of currency at the moment. A compliment to national progress and an instrument to an innovative future.

Some countries not recognizes and utilizes bitcoin.Each country has their own currency.Their currency involves their countries history.A countries national currency is their pride.Bitcoin doesnt have a historical pride that can be considered as a countries national currency.I think it is not possible that bitcoin become the countries currency

I think the country will be a bitcoin currency as a legitimate payment and could reduce unemployment and the economy in that country. bitcoin will be a future asset with bitcoin we can invest and economic chaos will be fulfilled

Bitcoin cannot become a country's currency because each country has already its own currency since the beginning but maybe a global acceptable currency everywhere in the world.

Bro it can be the common currency between countries for huge transaction and not for small transaction cause if it will be the daily currency then there is a problem cause it needs at least 3 confirmation otherwise transaction can be cancelled and if for faster confirmation it takes a lot of transaction fees so it can not be used as daily currency.

if we talk about bitcoin all must have heard its greatness and its popularity to date all countries have acknowledged the existence of bitcoin even today there are still many bitcoin users in my country

but for payment transactions in our country have not reached an agreement and the government still not fully accept bitcoin as an easy and alternative payment tool, why the government can not use bitcoin as a means of payment:

1. because the government already has a means of payment (money) that is very easy to use for payment in my country

2. Unequal economic disparities in our country are also strong reasons not to use bitcoin as an easy and transparent method of payment

3. in my country is still developing so it is very difficult to promote bitcoin as an alternative payment tool

maybe one day bitcoin will become a means of payment throughout the country even in developing countries though can use and enjoy the progress that has been achieved by Bitcoin that I can say about the complexity in my country. thank you :)

Bitcoin can be a means of payment in any state, that is, it can walk as money. However, he can do this only along with the usual national money of the state. Bitcoin can replace national money, but this will have a detrimental effect on the economy of such a country because of its high volatility. Therefore, it is able to contribute to the development of the country's economy only if it goes along with the usual national money of the state.

Day by day bitcoin using is being popular to everyone and the spreading of crypto currency is a common method in near future. I think if the bitcoin becomes the country currency in any country, it will be a pleasure news for the BTC lovers. Because it will be a good opportunity for any types of marketing in the market field and also in trading section of bitcoin marketplace.
There are many advantages if bitcoin becomes the country's currency :
1) Using  it to buy something.
2) Using it to sell something.
3) Using it for any types of transaction etc.
  

If bitcoin becomes the country's currency his price will be over 20k$ and the economy of this country will be strong

it seems that it would not have been possible if bitcoins were made into a country's currency, because the country already has a currency that has been used as a symbol of the country

Government has their own currency that they want to have and they consider it the representative of the nation but I think they are not thinking about the benefit of the nation but they are just thinking about themselves as they only want to control the system and get profit for the government only not for the people which is so mean so bitcoin is not able to be controlled and it has all benefits for people so they can get good from it, I want my government to legalize bitcoin for us so we will use it freely.

I don't think bitcoin will become a country's currency. It is necessary to know that as a country's currency, it needs to be very stable, if your exchange rate is unstable so there is no national reason and you have economic trade, then the country's economy will be very closed, so it is not possible.

CEO of Twitter and electronic payments platform Square Jack Dorsey, said at the Consensus 2018 conference conference that he wants his company to be advanced in terms of adopting the crypto currency, as a legitimate means of global payment. "Internet on the threshold of the national currency of the national currency, so let's not wait and will fuck this. I do not know, whether the bitcoin will be there, but i am very hope for this," - Dorsey said.

The only major obstacle to further expansion of the sphere of influence Bitcoin remains a stalemate created between supporters of different methods of network scalability, although most obvious opportunity for compromise solutions - the simultaneous increase in the unit and the introduction of SegWit, and the imposition of the most controversial decisions (Lightning, Tumblebit, Mimblewimble and other) in the sidecine, where they can not conflict with the rest of the network.

i sincerely hope that in a more or less distant future the bitcoin can become the national currency of some countries, in my opinion the economy would improve a lot and there would be less taxes not going through the banking system

Bitcoin legality in a country becomes an obstacle for Bitcoin users themselves, as some countries have not yet officially recognized Bitcoin. I think it will be very difficult and also impossible if Bitcoin becomes the currency of a particular country, because Bitcoin is not controlled by any country.

Bitcoin cannot become a country's currency, it becomes much bigger, globally accepted currency in a few years, probably by 2030!

It will be a good news. I think it's a new generation demand that crypto currency should be accepted throughout the whole world as an income source but also as a currency instead of flat currency available now. The main reason behind this is the acceptance and also the availability and also the easy transition. Many economist predicted that one day will come when crypto currency will rule the world. There will also be some flat currency but it will be less comparing with the crypto currency.

I am sure in the future, there will be countries that use Bitcoin as their country's currency. And I believe if any country uses Bitcoin as a currency, it will turn into a rich country, its economy will increase dramatically, and the country will be famous throughout the universe. And finally there will be other countries who are interested and come to use Bitcoin as currency in the country.

A small possibility of bitcoin is being received in a country in the world. many are still resisting bitcoin because bitcoin founders no longer take care of bitcoin anymore.

In my opinion about. Well honestly, Its too early to say that it will be the currency of a country because bitcoin is just getting started and as of now, its popularity gradually becoming acquainted and before it would be a currency in the country it will need to be stable in its price.

There will have a tons of studying before it will implemented and the goverment will consider all the possible outcome of it to the people especially to remote places that the internet signal is weak and poor people that can not afford to have an internet connection and a smart phone. There would many possible  hard time for the bitcoin user before the government will recognize and legalize it.

Bitcoin becoming a nation's currency is not likely to happen in any country because of the level of technology with which a person needs to trade with bitcoin. In as much as technology is advancing some countries especially those in Africa have limited resources when it comes to technology and its use. but i will say that it can rather me accepted as a mode of payment for people who understand it and want to use it just to avoid the involvement of central banks.

For sure the government will not allow this to happen because not all the people know the existence of bitcoin and the the government know that the bank will affected also so it wont be happen and I know the government know the system of bitcoin of having decentralize form so probably this is the another problem for them how can they put tax on it, if the system became centralize maybe the government make an action to make it happen.

With bitcoin it's possible. All depends on users. 

Today bitcoin is shaking the world, almost every corner of the world is busy talking about the presence of bitcoin and rising investment prices.
To be a country's currency could happen, but that's quite complicated, since bitcoin is the digital currency, and not all of its people have a smartphone.
Bitcoin provides a lot of income through trading, bounty, and Air Droop. It can help the income of individuals in a country.

Unconscious awareness in some Governments in the World that Bitcoin is not threatening Because Bitcoin is not a currency specifically regulated in certain countries, it is unlikely that bitcoin becomes the country's currency.

no, because in a country there is already a currency that many have its own history

Even if bitcoin is accepted in most countries, it will be a very long and complex process. But I hope that when that happens.

Even if countries start to accept it, not everyone will do it. But in many advanced States, bitcoin is sure to be a great success, so I will wait for that.

Actually bitcoin has become kind of global currency. Within the community you can trade bitcoin from any part of the world but you can not do that with your national currency. So bitcoin do not need to be any country's rather it need to be legalize as international currency.

I think it's impossible, it's too hard to happen

Nothing is impossible in this world. Bitcoin can become the currency in a country but maybe for a valid and recognized digital currency position. I'm sure not to be the main currency. The country will maintain the original fiat currency of its country. In terms of economy, I believe using bitcoin then the state economy will be much better. Because bitcoin is a decentralized currency then the country's economy can be decentralized to become more widespread and evenly distributed.

If bitcoin will be legalise in any country then obviously it will make country, a heaven . Bitcoin introduction to any country can bring numerous advantages to country. Bitcoin has that potential that it can provide employment to millions of people and has enabled people to earn their livelihood, bitcoin has reduced poverty to very great extent and it can boost the development of country to very great extent and moreover it boost up the GDP of the country, so it’s like boon for any country.

very unlikely, I think It is very difficult for bitcoin to be used as the currency used by a country.
As is known many countries forbid bitcoin because they are concerned with the circulation of bitcoin if used as a means of transaction.
But bitcoin is much better than the state money today because fiat loses its value day by day but bitcoin is getting more valuable day by day. and bitcoin will never die.

Maybe in this year or in the next years its impossible for bitcoin to become the countries currency for it is unstable and not all countries legalize the use of bitcoin. Also the government and banks would disagree in this idea of making bitcoin as the countries currency. But we never know in the near future bitcoin can be or will be our currency.

I don't think that only with one country can survive with bitcoin in this open world economy. How they handle international transfer in payments? World needs to convert the monetary system fully to crypto currencies so that they can use without being at risk.

The only way this may become a reality is when the country's government make a coin and tell people to use it everywhere. Otherwise governments wont allow decentralized currency to take over.

It is impossible for bitcoin to be used for the local currency of a legitimate country. we know that the bitcoin system is different from the system adopted by the government. so it's impossible for this idea to happen. yeah you're right bitcoin has something unique. you can make transactions anywhere with anyone in different countries in the world without having to doubt the difference in local currency. bitcoin can be global currency ?

         Bitcoin is a new form of technology in this new era. Bitcoin has all the potentiality to become the country's currency, Bitcoin is a decentralized currency that is accepted by many countries all over the world and it is not linked to any countries government . The transactions are too cheap and easy to transfer and the price fluctuates often. Bitcoin is expected to be the largest currency for the year 2030. Bitcoin relies on the blockchain technology .

it could happen because we all can not know for sure bitcoin can be a world currency but it takes time and a long process, because bitcoin uses technological advancements and times and one day will be accepted as official currency throughout the country

It is great if bitcoin becomes the currency in my country. I will be used bitcoin to pay the bill everyday. I will be used bitcoin comfortably. But that can not happen because my government has banned bitcoin.

Well that will be tough because it's not like a normal currency

Any country that used bitcoin as they currency, is going to be a good one, because them need to build a strong network and make a simple device available to enable make transaction easier and faster. Therefore Bitcoin is a digital money that can help the world economy.

I still can't see this possibility. Bitcoin's price is very much volatile tobe used for everyday transactions especially for small transactions. But since price is very volatile, it can be really good for trading which many people are getting involved now buying and selling bitcoin.

If bitcoin would be able to be a currency in a country then i think that it moght be a hassle at the start, a struggle especially if it completely overtakes the physical currency of that country. However if there are regulations in place before they put it up, and they have completely have the technology to ride with them to deal with all the digital requirements to make this into completion then I think we can witness a start and dawn of the digital age completey.

I think its not possible.Most of the countries banned the crypto currencies.Peoples IQ is not same that all people can understand bitcoin.So it never possible bitcoin becomes the country's currency.

Well, economy will be healtier, new employments may be created and a lot of more benefits will flourish in contries that embraces cryptos, especially the one in huge debt and deficits

I think If bitcoin becomes the country’s currency then it is a good sign  to the company of bitcoin
because they will be the one who function well in this industry and there’s a possibility that they can replace others business in the same filed.

The fact is, it's impossible, I'm pretty sure Bitcoin cannot make a country change their currency into Bitcoin currency. Maybe it may happen, but it will take a lot of years or maybe era. I read some articles that some country in Latin America could adopt Bitcoin as an official currency in their country, but still I think it's a long road to them to run and make it at the finish line and achieve what they're really pursuing are.

If bitcoin is the currency of a country, does not it mean that bitcoin is owned by that country?
I think that's not possible, bitcoin can only be an only alternative currency.

In my own opinion, it has the potential to become the currency of the world and if that will happen, I think it can help to boost the country's economy specially to the those who belong to the third world countries. It means that we are on the Digital Age and we are more United as we have now a single currency. Though it may take long years but I believe it is possible.

Bitcoin can only slowly become a mainstream currency. It is basically impossible to become a legal currency. Each country will have its own legal currency. Even if that currency does not have any value, the government will not allow such uncontrolled currency to become theirs. The legal currency, of course, Bitcoin can become a currency commonly used by a country, which requires the approval of the government and the people.

To become any country's currency bitcoin should have a stable value in the market. But Bitcoin is having a fluctuation nature. So i think it will never become a country's current yes it can be an international currency for business and exchange purpose.

For bitcoin to become the main currency, like any other technology, it needs to overcome the stage of development, which will solve the problems of scalability, flexibility and anonymity.

The country must legalize first the cryptocurrency. This is the first thing that should be done by the government for it to be recognize by the people and see it as a no problem in all payment transactions. Bitcoin can greatly enhance the economy of the country since a lot of investors are investing and seeing it as an asset. It will also attract investors for those people that are interested in investing but their country wont allow.

Bitcoin does not deserve to be a tool of exchange because it has no underlying basis, because it differs from the money commonly used today. Bitcoin is volatile or volatile, in no way qualifies as a currency.

If bitcoin becomes the countries currency, then it means the demand for it will be so high that we that hold a little will even get more value from our holding. But due to the lack of transparent in bitcoin dealings, it will be hard it becomes a national currency.

Probably for me im agree with that if bitcoin becomes the country's currency it could make easier to the people to pay bills and etc through online and i think less traffic,corruption and rubbery in the street because you are inside your house.

if bitcoin becomes the currency of the state of course more and more demand and usage can increase the value of bitcoin. but in my opinion it is not possible because bitcoin does not have a policy restriction from the bitcoin monetary authority can not meet the standard of a country's money

I think that it will become the country's currency soon, because it is high time to understand the benefits we can get if using btc, which  will become the main currency very soon. In the nearest future, this will definitely happen

Bitcoin could become the alternative currency of a country but it can't easily replace a national or main currency of the State. To become a part of a nation's alternative currency, it must be legalized first and might be a subject to any regulation of the government's monetary system. Majority of the people are not use to a kind of currebcy that can't be see nor touch so it will take more time for them to be used to it.

bitcoin has a very high value. Each country has its own currency. Bitcoin can not be a single currency of a country at all.

At present, the global bitcoin transaction volume has reached more than 200,000 daily, and the number of merchants accepting bitcoin payment has reached several hundred thousand and is growing rapidly. In some developed countries, using only Bitcoin already meets day-to-day needs. It is believed that in the near future, Bitcoin will become the mainstream currency on the Internet. But it will not become a legal currency.

This is an inevitable event that is bound to happen. As humanity emerges into a more technological world, the status of monetary affairs shift to cashless and this is spearheaded by Bitcoin. Some countries like South Korea has taken a lead in the legalization of Bitcoin as a currency and with time several countries will follow. The presence of Bitcoin in a country brings both financial satisfaction and job opportunities thereby enhancing the economy of the country.

Bitcoin can greatly enhance the economy of the country since a lot of investors are investing and seeing it as an asset. It will also attract investors for those people that are interested in investing but their country wont allow. The legal currency, of course, Bitcoin can become a currency commonly used by a country, which requires the approval of the government and the people.

I think it's impossible to make Bitcoin as country's currency because of its unstable price. Also as we all know that Bitcoin has a limited supply unlike fiat. Bitcoin only be an alternative money but can't be the country's currency.

the most obvious if bitcoins into the currency in a country are all transactions will happen online, in the sense that all the people must have the tools to access bitcoin, store, and also make transactions. while what happens is, not everyone has it, especially old man.

Could bitcoin be the currency of a country but would "Satoshi Nakamoto" as the creator of bitcoin would agree with that? then which country would make bitcoin the country's currency first?

if that's true. Especially in Indonesia we the investors will definitely be more pleased. because our step will be easier to make transactions and to sell and buy goods in the real world .

It is not possible, but bitcoins that are not affiliated with a country in my opinion are very likely to be the world's currency for trading.
Without any affiliation the influence of a country's circumstances to the value of Bitcoin would be minimal,
so Bitcoin would be more stable in its exchange rate.

This is very unlikely, however, that it is a virtual currency, hardly a representative of the national currency.

I don't think it is possible that bitcoin becomes the country's currency. Country's government will often think they are threatened by the bitcoin.

If  bitcoins became a country's currency i think its very because we dont need to bring cash which is very prone to risk, but the success is really depends on the availability of internet connection.

Bitcoin could be one's country currency if the government of a particular country is open in the acceptance of that digital currency and of course it will go thru the process before it would be legalize. But for the countries that feels that crypto is a threat to the economy of the country it would not happen. Bitcoin has changed lives of a lot of people who believes and invest in the crypto currencies and no doubt about that. But I think eventually bitcoin will evolve as the currency in the near future.

It is a good news, But I am not sure it will happen. beause every country has own currency.

I think so bitcoin will  change the country and i think it would be grow faster and move faster. Country will boost of economy it will make a lot of money and will be easier to transact in any field of business i hope it will become a currency of a country but it is not easy.

In my view bitcoin is hard to use as a currency used by a country. Not all countries accept bitcoin and bitcoin has been banned in many countries.

The country will have less corruption because of the deployment of blockchain in the government business. The government will have a verifiable data of  all the government business. The economy will be healthy and there will  will be no need for paper money and cost for the printing will be saved.

I think if bitcoin becomes the country currency it's hard becuase the value of bitcoin is inconsistent and We know that some countries hate bitcoin they banned it. Bitcoin has a limited supply like the current currency fiat, But bitcoin is good in transacting money we don't know if some countries did that let us see but it's not easy.

This will be a very good news for bitcoin investors as the money they invest has become more popular and more people know them and they are becoming more valuable and easier to trade.

I do not think it's that easy to recognize bitcoin to be the currency of one country. Because of the price of bitcoin is uncertain and there are still many governments who do not agree with the existence of bitcoin, although bitcoin has started to be known to the world but still belom there is a believer about bitcoin.

if bitcoin into the currency of the country may be very happy people with the existence of digital currency like this because it is very practical to be able to transact very easily do not need to bring real money,

therefore I strongly support the existence of bitcoin into official transactions in various countries ... :)

I think the only thing that we can be assured of, is that economy will be very different then it was before :) Indeed it will be different

we have seen that bitcoin can change a person's life for the better and the economy increases, but the government has not been able to accept bitcoin as a legitimate currency in a country, so it may take a long time to get the government to believe in bitcoin

before bitcoin becomes the country's currency, the government must be able to control and manage the bitcoin to avoid crime crimes that harm others. if bitcoin is not set it can actually damage the country itself because all can use it and anonymously.

because the government cannot control bitcoin movements so they are not yet accepting bitcoin as a new currency. but for person's life, I am sure that every people in bitcoin world can feel that bitcoin is helped them to make money and they can have a better life in the future. like you said, it needs a long time to see the government believe and finally can accepted bitcoin as a new payment system.

It's not possible, primarily because a country needs to be able to control the supply of money - otherwise it has only limited control over its own economy.

I think the more viable route is creating an altcoin/token. That way you can have a degree of control, yet still take part in the crypto-economy at large - which I do believe will become the economy of the world.

Bitcoin can not become an international currency because each country has a different currency

I think all can happen at least bitcoin is inaugurated as a currency and accepted by either government in a country, if bitcoin investors use the results for useful activities of course the future results are useful

Bitcoin can not be the currency of a country. Because no country has the same IQ population needed to use Bitcoin. There are always some low IQs, who do not know anything about technology because they do not want to learn anything new.

in order to avoid problems in the future, bitcoin must first solve current technical problems such as, for example, anonymity, scalability, flexibility .. I think that this solution to these problems will help that more and more people will use bitcoin not as a means of accumulation , but as a means of payment.

This is a funny joke. Bitcoin has become a currency, so how does this government regulate their domestic economy? It is a good idea to give the domestic economy to the whales. Bitcoin can be used as another currency, but each country must have its own legal currency, and it may not be comparable to Bitcoin, but it must also exist.

It won't be easy but that is possible and very encouraging especially to those who involved in bitcoin. It would be a great opportunity for bitcoin holders once it happened. Many will be attracted with bitcoin and its uses will grow. The demand will get high and bitcoin will gain its reputation. But I don't think it will happen because we will surely gonna stick with the conventional currency.

It depends to which country you belong to as in some countries like Japan it is declared as a legitimate currency but in many countries it is still an unregulated currency (remember it is not illegal but just unregulated) and it will be legalised in many more countries as it is increasing becoming accepted as a payment by many companies.

In regards to Bitcoin being used as a legitimate currency - some retailers have started accepting Bitcoin. But it is likely that the Governments will create their own crypto currencies and try keep control of where our money goes!

Yes it is very possible that bitcoin can be the currency of a country because it is very useful in terms of financial aspects. And in my own opinion it can change our economy. It can make our economy more productive than it seem.

for the main currencies in a country? I think no it never happen, why? let see that every country always have their own currencies for their identity, if bitcoin become the main currencies in that country, what is the identity of that country? I think that country will be unpopular than other country that use their own currencies

If that will be happen, then I could say Its a very big help to make bitcoin getting more popularity  and will high demand of course just like you have said. And making a country as advance technology just like japan country which Is they adopt the uses of bitcoin by alternative way of payment on their stores and etc.

I think bitcoin needs to perfect itself in order to qualify as a currency and be accepted by the government. Bitcoin has the potential to become a country's currency. If that is the case then bitcoin will certainly benefit the government and certainly will make the economy a country to be better.

People around the world are very much interested in virtual currencies and day by day it has been rocketed up in this digital world. So due to vast usage of people, Bitcoin will become the country's currency very soon, no doubt.

It's highly unlikely from where I come from (Philippines) since majority of the members of the government are old farts who don't even know how to use an android phone. Plus we're from a third world country deep in debt so I guess it'll take forever for Bitcoin to even go mainstream here.

No, I think it is impossible that bitcoin becomes the country's currency there are long ways to happen before it becomes reality because not everybody acknowledge bitcoin.

Bitcoin has many advantages and for this reason it will definitely remain one of the most relevant currencies. One thing is for sure, prices will remain volatile in the future.

Bitcoin needs to filter itself to qualify as a currency and be accepted by the government.

If that's the case then Bitcoin will definitely benefit the government and will definitely make a country's economy better.

Lol are you joking right?  how can you say that it is impossible for bitcoin to become a countrys currency where the reality is we are already using it as a currency on different parts of the country.  It may not be represent as the countries official currency but still we are still be able to use it just like a regular currency.

Cryptos that represents a country is also possible but not specifically a primary coin like bitcoin or etherium rather in the form of ico coin or tokens . There are now many devs that creates their own coin with a name of their own country.

It is very good news for all bitcoin investor if its happen. Bitcoin is a trusted name but if any country take it for control it will be more trusted. Every investor want it. If bitcoin control by any country it will be accepted in every country. Many country banned bitcoin for this reason. So we all the members of bitcoin are waiting for it that bitcoin become a country's currency.

This is possible, as well as the Euro, no one, and several Asian countries will unite, and will be right!!! ;)

only time can answer a country that makes it the currency, now there are still many people who do not know about bitcoin itself some people may already be comfortable with what he did. indeed most countries do not neglect the bitcoin of the country because the government is responsible for the financial flows in the country and bear the community if there is a big loss.

nothing is changed if it is not individual currency deveoloped by government.
all view everybodys transactions, this make live more fair, but i think its cant be ever

Money is money, the only difference is how people will accept it. As for the elderly who are used on using fiat they will be the ones that will be burdened on this changed. But technology wises and usefulness wise j think it would be for the better.

I doubt that it will be the main currency of the country, but it can be on a par with the national currency. For example, like Euro and Swiss franc, or Euro and English pounds

It will be easy to use, but i dont think it will replace the main currency of the country and i dont like the idea of country's taking control over bitcoin. But at least it will become more populair then it already is.

I think it takes a long time to make bitcoin as the country's currency because every country already has a strong currency and gets support from the government, while bitcoin is still a digital currency that has been getting resistance from the government.

maybe it can happen bitcoin using technological progress and development of course if all countries have been able to accept bitcoin as official currency that can be used as a means of buying and selling transactions and will certainly be the currency of the country, and of course be better and more practical in the form transaction

Bitcoin can change the economic situation of a country, but becoming a country's legal currency is a little difficult because of its characteristics, it is difficult to receive control, and the country will not allow an uncontrolled currency to become a legal currency.

If bitcoin becomes the currency of a country, the bitcoin price will continue to increase as well as the supply will be multiplied. Because surely many people will need and want to have bitcoin.

I do not envy the state that will have the imprudence of recognizing bitcoin as the currency of its country, I mean that bitcoin will be used instead of its national paper money. The eco-tourism of such a country is quickly disregarded. It will be impossible either to plan the economy or monitor its implementation of the budget. This will interfere with its high volatility.
Bitcoin can only walk in the country along with the national money of this state. Therefore, do not even dream about anything else.

for me , i dont think if it will happened because its not advantageous for poor people because bitcoin is too expensive and the market value is always fluctuating.

I highly doubt that bitcoin will become any country's main currency. However I believe it can replace paypal and be used for international, or merely private, transactions.

It would possible if governments should take a positive step and bank should behaviour friendly with cryptocurrencies. Always bank disappointed bitcoin as they consider bitcoin as their trading competitors.

all may happen without we can know if all countries recognize bitcoin as a currency applicable to make the transaction process may be the currency of a country

no it cannot become a currency of a country. bitcoin cannot be used without electricity and not all part of the country have electricity especially the poor. bitcoin is good but it has also its disadvantages. but it will be good if it coexist with fiat.

Even though bitcoin have gone so popular still it is not enough to say bitcoin could be the national currency it will remain as a digital currency it will never overthrow the fiat because of its decentralization.

There is no such thing as forever this will not last longer. I think one day this bitcoins will stop growing or its value become lessen.

The country's currency can be rested on the shoulders of the blockchain technology and bitcoin in precision as it has enough room to accommodate it and also has the ledger function for record keeping purposes and also for transparency which i know is one of the facts that makes it reliable.

If bitcoin becomes the country's currency, it is definitely bitcoin will be the best coin because it has become the country's currency, but that is unlikely because the government does not like bitcoin.

That is unlikely, because the average of a country has government and government on average do not like bitcoin. Because bitcoin can not be set, bitcoin is more a worthy asset to invest than to be the country's currency.

Bitcoin can be used by a currency apart from their own currency which is great already and can prove a lot of potential. But replacing the country's currency is too far-fetched. A country's currency is currency that they can control and shows the collective economy of the nation. Bitcoin in the other hand is digital/crypto currency which is international and decentralized which cannot really show the economy of a country. Bitcoin can still be a part of the country but it cannot replace the country's currency.

I think Bitcoin will not be the world's currency. Because there are too many security breaches and a lack of price stability. The common currency never has a price fluctuation. It only increases the value or decreases over time.

With the growth it attained within the short term, it is expected to get termed to be the world currency. Later people realized that it need to travel long and get spread in a large scale, because considering the fiat usage bitcoin is very small in percentage. This needs to change when people start to understand the goodness of digital growth.

Nothing is impossible ??
maybe one day the government can make bitcoin as part of their currency ..
It could be if the government can manage bitcoin properly and correctly.

For bitcoin to be the country's currency is an advantage to those who know how it works but it would be difficult for those who cannot even afford to understand how it works.

It could happen. For now it is still difficult because only developed countries can be relied upon while large small countries are likely to want to grow like the superpowers. The country wants a more sophisticated technological advancement in order for its people to prosper. Therefore it takes a long time for bitcoin to be the currency of all countries.

If bitcoin will be the currency of a country, I believe that it is impossible. It is not possible as the new currency will shift the national currency that a country has been using for years. It is impossible. I just argue that the national currency and bitcoin will complement each other without any one dominating. If I am asked that bitcoin can boost the economy . Then the answer is it can. With the existence of bitcoin then payment can be free, easy, and fast. The trading market was open to anyone. For example, if a country has good products that will be easily bought by people who are in cross-country. This will be very profitable. So the existence of this crypto currency will improve the economy.

indeed the problem in many countries until now is the issue of the legality of this virtual currency. and to be a currency in a country I think it is impossible for now because the value of this virtual currency is always changing every time.

I think bitcoin can only be digital currency is not the money to the country because of the value of bitcoin still blm stable.<br />But we can’t take account in the future, because it could just it all happened

it will not be possible bitcoin to be the currency of the country. Because of its international nature, bitcoin is only used as a means of transaction only, as in japan and also in other countries.

It's not possible. I think ordinary people will not be easy to use. But nothing can happen ... Business firms can be created in all countries to make purchases in the future through Bitcoin.

It is impossible. Bitcoin can not be the currency of a country. Because each country already has its own currency. So my opinion here is bitcoin will remain a digital currency and used but not eliminate or replace the currency of a country. So that's not possible even though bitcoin has been highly developed and popular.

To be the currency of a country is impossible because the government will not let that happen, but to become a global currency it may happen, when many people in various countries around the world start using bitcoin, of course many parties will receive payment with bitcoin, and bitcoin can be used anywhere to shop

if bitcoin is the main currency in some countries I think it is very unlikely because if you see bitcoin has a very limited total supply that makes bitcoin very unsuitable to be the main currency in a country.