Bitcoin Forum

Economy => Economics => Topic started by: Minnasan on February 26, 2018, 07:06:19 PM



Title: Bitcoin as national currency?
Post by: Minnasan on February 26, 2018, 07:06:19 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??


Title: Re: Bitcoin as national currency?
Post by: mr_strele on February 26, 2018, 07:07:59 PM
Maybe not Bitcoin!

But I totally could imagine some countries creating their own blockchain and therefore issuing their own cryptocurrencie!


Title: Re: Bitcoin as national currency?
Post by: ManaMan on February 26, 2018, 07:09:39 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

In my opinion ,countries will likely create their own alternatives crypto and they might even legalize bitcoin but won't made it their national currency. Bitcoin will be like an internet money like it is today and accepted where every other crypto is accepted.


Title: Re: Bitcoin as national currency?
Post by: Mevz on February 26, 2018, 07:19:41 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

In my opinion ,countries will likely create their own alternatives crypto and they might even legalize bitcoin but won't made it their national currency. Bitcoin will be like an internet money like it is today and accepted where every other crypto is accepted.

Yeah when the time comes when all over the world using cryptocurrency too many alts will appear. Each any alts has their own names that represents their country and bitcoin will be use as an international currency. Its still early for that dreams the journey of bitcoin was just started and I think it can do more better.


Title: Re: Bitcoin as national currency?
Post by: Minnasan on February 26, 2018, 07:27:18 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

In my opinion ,countries will likely create their own alternatives crypto and they might even legalize bitcoin but won't made it their national currency. Bitcoin will be like an internet money like it is today and accepted where every other crypto is accepted.

Yeah when the time comes when all over the world using cryptocurrency too many alts will appear. Each any alts has their own names that represents their country and bitcoin will be use as an international currency. Its still early for that dreams the journey of bitcoin was just started and I think it can do more better.

yeah i think so, that if any country would use crypto as their national currecy, should use one of many alts for international currency too


Title: Re: Bitcoin as national currency?
Post by: Axecelzon081218 on February 26, 2018, 07:32:58 PM
Of course bitcoin is a possible natonal currency because he is in demand in this word.


Title: Re: Bitcoin as national currency?
Post by: geula4x on February 26, 2018, 07:36:39 PM
I think maybe in the distant future.
In my humble opinion, most countries will be too afraid to apply it as a national currency because of security concerns.


Title: Re: Bitcoin as national currency?
Post by: MakLampir on February 26, 2018, 07:37:36 PM
I'm not sure if the digital currency can be made as the national currency later.
because I think the digital currency is very inefficient if the use as a method of payment ..


Title: Re: Bitcoin as national currency?
Post by: Traderbtcc on February 26, 2018, 07:41:37 PM
I don't see Bitcoin becoming a national currency. Because Why be a National currency when you can be used globally? For me, If Bitcoin gets upgraded sometime in the future that improves the scalability, transaction throughput and tx costs, It would become a global currency with worldwide transaction  coverage.


Title: Re: Bitcoin as national currency?
Post by: kakrotssj1 on February 26, 2018, 07:43:13 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
Not so sure that any country would use bitcoin as their national currency, but we can think or consider that bitcoin can be used as a center of all other currencies of other nations like it is used now in trading. Sure it can be the most used currency but not the national currency. After all you don’t possess bitcoin physically. People would prefer something they can touch or possess as their national currency.


Title: Re: Bitcoin as national currency?
Post by: mahibul49 on February 26, 2018, 07:44:07 PM
bitcoin will not be a national currency.bcz govt are opposition of bitcoin but bitcoin is future.


Title: Re: Bitcoin as national currency?
Post by: Bezobraznike on February 26, 2018, 07:52:26 PM
   Bitcoin as national currency, no way! Bitcoin as global currency, who knows!
   Bitcoin can be accepted in some countries, like it is now, but to take main and
only role in one country economy is almost impossible in my thinking.
   I agree with people that say that there are more chances for some country to
create their own alt-coin. One big country can not allow to depend from someone
else, they need to have their own currency and that currency to be connected with
outside world.


Title: Re: Bitcoin as national currency?
Post by: cryptorampage on February 26, 2018, 07:57:07 PM
If you’re a fan of cryptocurrency and your country has banned crypto, you should move to Liberland, the land that recently adapted crypto as their official national currency. The Land was founded on April 13, 2015, by a Croatian economist and entrepreneur Vid Jedlicka, It lays on a 7 square kilometers radius and it borders between Serbia and Croatia.
Liberland is right now accepting applications for citizenship and those wishing to end up as citizens have to stand by the rules and directions. Half a million individuals from over the world, including more than 20,000 American citizens and around 7,000 from the United Kingdom have as of now applied for citizenship for this Eastern European nation.


Title: Re: Bitcoin as national currency?
Post by: josegr4ham on February 26, 2018, 07:59:21 PM
Bitcoin has the right potential to become the national currency. I think it is heading to that direction


Title: Re: Bitcoin as national currency?
Post by: hassan.shakeel.rajpoot on February 26, 2018, 08:00:10 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
Not so sure that any country would use bitcoin as their national currency, but we can think or consider that bitcoin can be used as a center of all other currencies of other nations like it is used now in trading. Sure it can be the most used currency but not the national currency. After all you don’t possess bitcoin physically. People would prefer something they can touch or possess as their national currency.
it's not about possession. people are still accepting bitcoin as their major way of transactions and payments. I'm pretty sure people will love bitcoin as their national currency but because of the governments and policies, it looks impossible.


Title: Re: Bitcoin as national currency?
Post by: Tubagus86 on February 26, 2018, 08:58:15 PM
Bitcoin used as a national currency can happen if a country gives a clear legality to the use of bitcoin in the country. But for now, only a part of the country is behaving that way. One day I'm sure all countries will recognize about bitcoin because the state gets the profit from tax every bitcoin transaction.


Title: Re: Bitcoin as national currency?
Post by: KingKrypto on February 26, 2018, 09:03:23 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

I would actually think of Bitcoin as a Global currency for the entire planet, not National. I think Bitcoin can & has big chances to actually be that global currency we all need.


Title: Re: Bitcoin as national currency?
Post by: sonali2015 on February 26, 2018, 09:08:26 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
Do u know bitcoin illgegal most of the country in the world?Bitcoin is cryptocurrency coin and nobody cannot control this coin so its impossible to national currency.Already some of local complain and money launderingcase for use bitcoin because bitcoin increase tax evasion.


Title: Re: Bitcoin as national currency?
Post by: Doge dealer on February 26, 2018, 09:09:27 PM
in 2008 satoshi nakamoto created the bitcoin and the blockchain technology , which allowed us for the first time in our history to send money world wide without the need for a bank or financial institution , this technology is revolutionary and even though its not intuitive it is obviously changing the financial landscape so yes we might see this situation in the very near future as even the people who are against the bitcoins are interested in blockchain.


Title: Re: Bitcoin as national currency?
Post by: MintDice on February 26, 2018, 09:20:23 PM
A global currency that's accepted and used by anyone who wants to, or for trading purposes as someone else mentioned--I could see that. I don't see a country adopting it though, at least not completely. Also, just thinking of the potential learning curve effects and pace of change involved with all citizens makes my head hurt!!  x0


Title: Re: Bitcoin as national currency?
Post by: bahula33 on February 26, 2018, 09:46:17 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
I do not think it will be possible bitcoin be the national currency because now all countries already have their own currency, if that happens will not be that easy, it all takes a friend process


Title: Re: Bitcoin as national currency?
Post by: KingScorpio on February 26, 2018, 09:48:11 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

never ever, because national currencies are always fiats and always controlled by a regulated trusted national banker cartel, bitcoin is just an encripted system centered only by those that have computation power around it

this is my post 1666 the mark of the beast appears again  ::)


Title: Re: Bitcoin as national currency?
Post by: Razumomo on February 26, 2018, 09:55:36 PM

It's sounds funny  because almost many countries are banning bitcoin because of its tax issue. So I can't imagine it as a national currency. But many country are using bitcoin as payment method. And also national currency is that what is regulated by government and central bank of any country but bitcoin can't be regulated at all by bank. So its hopeless one. : D


Title: Re: Bitcoin as national currency?
Post by: senin on February 26, 2018, 10:11:12 PM
It seems to me that bitcoin can not become a national currency in any state. First of all, the reason for the high volatility of bitcoin. The state simply will not be able to plan its economy, since it must be based on the price of the national currency. If this price changes substantially every day, no economy will simply survive. Also, in this case, the economy of this country will be interconnected with the economy of other states where bitcoin will go. Most likely, bitcoin will walk in parallel with the usual types of money.


Title: Re: Bitcoin as national currency?
Post by: Boysen on February 26, 2018, 10:32:27 PM
Bitcoin could not become a cryptocurrency of any state. This is because its price is highly unstable making it harder for people to actually use it as a currency. Imagine this, you buy something from the grocery that it 0.0003 bitcoins a few minutes ago and then when you check the counter it become 0.0004 bitcoins. Do you think that kind of situation can be convenient and most of all beneficial to the uaer? I don't think so. So unless people finds out a way to banish the high volatility rate of bitcoin it's better for us to stick around with bitcoin being an asset for now.


Title: Re: Bitcoin as national currency?
Post by: KingScorpio on February 26, 2018, 10:41:19 PM

It's sounds funny  because almost many countries are banning bitcoin because of its tax issue. So I can't imagine it as a national currency. But many country are using bitcoin as payment method. And also national currency is that what is regulated by government and central bank of any country but bitcoin can't be regulated at all by bank. So its hopeless one. : D

not countries ban bitcoin and cryptos bankster cartells do, if we and you are not careful with our language they will even succeed it

only legitimisation they have is the participation of employees, the bankster cartels and the property owning elite doesnt has one


Title: Re: Bitcoin as national currency?
Post by: Winner on February 26, 2018, 11:05:01 PM
Bitcoin could not become a cryptocurrency of any state. This is because its price is highly unstable making it harder for people to actually use it as a currency. Imagine this, you buy something from the grocery that it 0.0003 bitcoins a few minutes ago and then when you check the counter it become 0.0004 bitcoins. Do you think that kind of situation can be convenient and most of all beneficial to the uaer? I don't think so. So unless people finds out a way to banish the high volatility rate of bitcoin it's better for us to stick around with bitcoin being an asset for now.
A national currency may not have anything for it to survive on. Bitcoin can be used for a lot of things but what makes a person who has no idea of what Bitcoin is want to have any for their products?


Title: Re: Bitcoin as national currency?
Post by: CODE200 on February 26, 2018, 11:12:14 PM
I think maybe in the distant future.
In my humble opinion, most countries will be too afraid to apply it as a national currency because of security concerns.
There are many thing for us to consider if we want to establish a nationwide currency or to make Bitcoin as a national or even an international currency in transaction becssweu there are differences and barriers in each country specially on developing countries. Do we should need to support Bitcoin with unity for us to establish a good future.


Title: Re: Bitcoin as national currency?
Post by: KingScorpio on February 26, 2018, 11:13:02 PM
Bitcoin could not become a cryptocurrency of any state. This is because its price is highly unstable making it harder for people to actually use it as a currency. Imagine this, you buy something from the grocery that it 0.0003 bitcoins a few minutes ago and then when you check the counter it become 0.0004 bitcoins. Do you think that kind of situation can be convenient and most of all beneficial to the uaer? I don't think so. So unless people finds out a way to banish the high volatility rate of bitcoin it's better for us to stick around with bitcoin being an asset for now.
A national currency may not have anything for it to survive on. Bitcoin can be used for a lot of things but what makes a person who has no idea of what Bitcoin is want to have any for their products?

bitcoin only gained popularity because the national currencies cause economic problems in the developed world, you cant use "bitcoin" as a state currency,


Title: Re: Bitcoin as national currency?
Post by: Pom_bensin on February 26, 2018, 11:19:08 PM
Bitcoin could not become a cryptocurrency of any state. This is because its price is highly unstable making it harder for people to actually use it as a currency. Imagine this, you buy something from the grocery that it 0.0003 bitcoins a few minutes ago and then when you check the counter it become 0.0004 bitcoins. Do you think that kind of situation can be convenient and most of all beneficial to the uaer? I don't think so. So unless people finds out a way to banish the high volatility rate of bitcoin it's better for us to stick around with bitcoin being an asset for now.
A national currency may not have anything for it to survive on. Bitcoin can be used for a lot of things but what makes a person who has no idea of what Bitcoin is want to have any for their products?

bitcoin only gained popularity because the national currencies cause economic problems in the developed world, you cant use "bitcoin" as a state currency,
very difficult to accept the government if using bitcoin to become the currency of the country because it will surely beat the country's money mara are getting left out and do not have good price. so I thought it would be impossible.


Title: Re: Bitcoin as national currency?
Post by: Matthewmorris4 on February 26, 2018, 11:20:30 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

I think not, a national currency should be keep can be used in any situation and as we know bitcoin as a digital currrency for now can be used if online. It will be a big trouble if the country that used bitcoin have a problem at internet or network matter


Title: Re: Bitcoin as national currency?
Post by: rlclub on February 27, 2018, 12:31:38 AM
I think it is likely that eventually countries will issue their own crypto currencies, augmenting electronic cash.

On another note, check out the ICO for RLCoin, an enterprise solution for loyalty: www.rlcoin.io.  The product has traction with 250 clients and partners in Europe and Asia.


Title: Re: Bitcoin as national currency?
Post by: Ridwan Fauzi on February 27, 2018, 12:54:29 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
I don't think that will ever happen, remembering bitcoin can not be set by one party. To become a national currency the government needs to keep an eye on, it's necessary to interfere in various transactions of bitcoin. While bitcoin has a peer to peer system, the government can not become a third party for transaction affairs. But most likely some countries will make their own virtual currency, such as digital dollars. Which has the great power of the decentralized system is the user, not a party so bitcoin can not be manipulated.


Title: Re: Bitcoin as national currency?
Post by: arthur25 on February 27, 2018, 12:55:37 AM
Ofcourse but not literal concept. It can be national currency if the citizens of one nation agreed to implement this kind of system majority wins. Also I doubt it coz bitcoin value is more expensive. Not all people is capable to buy even one btc.


Title: Re: Bitcoin as national currency?
Post by: sabine80 on February 27, 2018, 12:56:05 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

at the moment i think no. the prize of bitcoin is to unstable and it is to risky to do that. no governor will risk the country with an unstable bitcoin. but maybe in some years this could be possible, but only when bitcoin have a stable prize for a long time and maybe more support in the whole world. but this are only my thoughts about it. of course, i do not know if it really will happen, but dreaming is sometimes allowed.


Title: Re: Bitcoin as national currency?
Post by: AlexAtom on February 27, 2018, 03:06:33 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

It is possible because bitcoin is used by countries around the world, but not all.
there are still some country doesn't accept bitcoin and other cryptocurrency.


Title: Re: Bitcoin as national currency?
Post by: amaterazu on February 27, 2018, 03:10:28 AM
No way , its not gonna happen. Governments would not take any chances to take bitcoin as national currency. Bitcoin doesn't meet any basic requirements as a national currency.


Title: Re: Bitcoin as national currency?
Post by: chengyinoing on February 27, 2018, 03:20:59 AM
In my view, countries may create their own tokens, which have a lot of volatility but will not use bitcoin as their currency.


Title: Re: Bitcoin as national currency?
Post by: sicnarfkswiss on February 27, 2018, 03:34:33 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
That would be good but I think it will not happen, Maybe they will only accept bitcoin as a digital currency that can be use due to the unstoppable rise of new technology. It cant be a national currency because it doesn't have a permanent store value and this cannot be controlled by gov't since its anonymous. How will the uneducated  use these if ever. Unlike the paper money which fits to any type of individuals. Every govt wants to control the currency but they cant control the Bitcoin,which is the best thing about BTC.


Title: Re: Bitcoin as national currency?
Post by: d3athgu1s3 on February 27, 2018, 03:35:16 AM
Something so volatile will never be accepted as national currency.


Title: Re: Bitcoin as national currency?
Post by: zeingrind777 on February 27, 2018, 03:43:03 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
I do not think so. because every country has its own currency. and cryptocurrency is only used for virtual currency.


Title: Re: Bitcoin as national currency?
Post by: BroadPaleontologist on February 27, 2018, 03:52:50 AM
Possible, let's hope for the best.


Title: Re: Bitcoin as national currency?
Post by: RobertoMakeli on February 27, 2018, 04:16:32 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
I think every country will create their own crypto currency, not use bitcoin as national currency


Title: Re: Bitcoin as national currency?
Post by: KuyaBreezy on February 27, 2018, 04:25:03 AM

this is quite a long short though its possible but only some kind of a central currency accept by most, like the dollar, all countries worldwide can use the same currency as there is a big difference in economic strengths, other forms of crypto, recognized by each country will come up,and can be valued in relation to BTC,  With BTC probably becoming the highest valued coin.


Title: Re: Bitcoin as national currency?
Post by: Minnasan on February 27, 2018, 04:27:09 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

at the moment i think no. the prize of bitcoin is to unstable and it is to risky to do that. no governor will risk the country with an unstable bitcoin. but maybe in some years this could be possible, but only when bitcoin have a stable prize for a long time and maybe more support in the whole world. but this are only my thoughts about it. of course, i do not know if it really will happen, but dreaming is sometimes allowed.

yeah so that was one reason why government not want to take a risk to use a unstable bitcoin to their country


Title: Re: Bitcoin as national currency?
Post by: Inn0vative1 on February 27, 2018, 04:32:53 AM
Bitcoin is a deflationary currency. Heavily deflationary at that. Thus, it is not suitable as a national currency. The same way as a currency suffering from hyperinflation isn't suitable as a national currency, Bitcoins price volatility and hyperdeflation in some years make it unsuitable as a state currency. Today, it is more used as a store of value and a commodity than as a currency.
I think national currencies will move more towards cryptocurrency, but it will not be Bitcoin. Nations will create their own cryptocurrency as is already happening in some countries.


Title: Re: Bitcoin as national currency?
Post by: jrrsparkles on February 27, 2018, 05:08:22 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
No,it will never happen in my opinion because crypto currencies are totally against the fiat money of each country so they wan to control the crypto currencies.And bitcoin is a decentralized technology so no one can control the bitcoin tell it as their national currency.


Title: Re: Bitcoin as national currency?
Post by: ChainSmoker on February 27, 2018, 05:59:56 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
I don't think it is possible. Countries may start accepting bitcoin as a means of payment but i don't think they will declare it as National currency because if they do then it will damage their own currency and the value of their own currency with depreciate over time when compared to other countries currencies.


Title: Re: Bitcoin as national currency?
Post by: fiulpro on February 27, 2018, 08:41:56 AM
I dont think making an anonymous cryptocurrency as a national currency would be a considerable task by any government of a country. They can regularize, legalize and implement laws safeguarding bitcoins and other cryptocurrencies but making cryotos their national currency is quute unlikely.

The nationao currency of a country is quite symbolic to its citizen and government which they would not like to even modify, let alone change. But certainly the acceptance of bitcoins or cryptocurrencies in general would increase and become a widespread phenomenon in future for sure.


Title: Re: Bitcoin as national currency?
Post by: AmericanBit on February 27, 2018, 08:45:41 AM
It does not seems for me realistic, as there will not be enough bitcoins to supply all the population, especially of the big country.


Title: Re: Bitcoin as national currency?
Post by: deviltasha on February 27, 2018, 08:51:12 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

No it will not became national currency, first of all there are not enough bitcoins, besides, if it will be under the control of the state it will loose its main feature decentralization.


Title: Re: Bitcoin as national currency?
Post by: DesmondHayes on February 27, 2018, 08:51:47 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
I do not think so. because every country has its own currency. and cryptocurrency is only used for virtual currency.

Every country has their own standards. Country currency is not determined by the common people in the mass. It is determined by the government which has high standards for choosing the main currency for their nation. This scenario of the Bitcoin prevailing would be possible only if some main nations accept Bitcoin as the main currency; then the others would follow ( That will never happen )!


Title: Re: Bitcoin as national currency?
Post by: Marry Finch on February 27, 2018, 08:56:44 AM
The existence of a crypto-currency system is unprofitable for the state and any country will try either to ban bitcoin, or to seek methods of regulating crypto-currency.


Title: Re: Bitcoin as national currency?
Post by: bebenduk on February 27, 2018, 09:04:23 AM
most other countries have become bitcoin as their national money. I hope my country can accept bitcoin as its national currency


Title: Re: Bitcoin as national currency?
Post by: Karakyli on February 27, 2018, 09:06:57 AM
Bitcoin for the state is a threat to the loss of control over cash flows. Bitcoin in no way can replenish the treasury of the state.
The anonymity of the crypto currency allows citizens to avoid the universal control over monetary transactions. Thus, in my opinion, the country's economy will decline.


Title: Re: Bitcoin as national currency?
Post by: Pasadoble on February 27, 2018, 09:08:43 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

Bitcoin is decentralized, and it is one of its advantages. If it will be national currency it will be controlled by government, so I do not think that it is good.


Title: Re: Bitcoin as national currency?
Post by: money1122 on February 27, 2018, 09:11:22 AM
Ofcourse bitcoin is a possible natonal currency because he is in demand in this word.


Title: Re: Bitcoin as national currency?
Post by: Silent26 on February 27, 2018, 09:25:24 AM
I'm pretty sure that bitcoin will be definitely used in the future but, making it as a national currency of a particular country would be impossible. It will be difficult for a country to acknowledge bitcoin as their national currency because bitcoin has many users throughout the world, and some people acknowledged bitcoin as an asset only. There is a possibility that some country will use digital currency as their national currency in the future but I think those will be Alternative Coins. Not Bitcoin.


Title: Re: Bitcoin as national currency?
Post by: think3214 on February 27, 2018, 09:28:29 AM
Something so volatile will never be accepted as national currency.
I agree with your opinion, the bitcoin price is too volatile, high risk, the government can not accept bitcoin as their currency, while the government has not managed to bitcoin , tax evasion, money laundering will happen a lot. I think bitcoin is a game rather than a kind of asset used in life. That is my personal opinion, I would like everyone to comment.


Title: Re: Bitcoin as national currency?
Post by: nandamo on February 27, 2018, 09:33:24 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

Maybe Yes? Just like in Zimbabwe, their government screwed up their economy with no physical money around the people found a way around it and they start using E-Wallet as their money. maybe in the future there will be a country that will use BTC as module.


Title: Re: Bitcoin as national currency?
Post by: amwer on February 27, 2018, 09:34:38 AM
In order to deal with ever-growing issues with hyperinflation, the country of Venezuela may soon decide to adopt a new currency: Bitcoin.
As explained by CoinTelegraph, Bitcoin has been the subject of a massive amount of mining and purchasing over the last few months, leading to a number of rumors regarding the country’s desire to incorporate it into their financial structure.


Title: Re: Bitcoin as national currency?
Post by: J Gambler on February 27, 2018, 09:37:58 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

With the history and the tradition of paper money in some countries, I think that there is a little possibility of this happening because of paper money and their national currency makes countries different from one another and also speaks of the marketability and their economic standing in the whole world. That’s why I think that bitcoin is a supplement but it cannot stand on its own due to the world’s dependency on the paper money and its currency it represents


Title: Re: Bitcoin as national currency?
Post by: jancukiyah on February 27, 2018, 09:43:46 AM
I think is really impossible to make bitcoin as national currency. Because we all know about the price of bitcoin, they always increase and decrease for several time. National currency should have a stable price, so what bitcoin to do if they want to be national currency just make their price stable first.


Title: Re: Bitcoin as national currency?
Post by: adriaymati58 on February 27, 2018, 09:45:45 AM
I think this is possible to happen in the economic developed countries and maybe we will live to see it happening in our lives


Title: Re: Bitcoin as national currency?
Post by: cryptokingdom on February 27, 2018, 09:51:05 AM
For now bitcoin can not be totally use as national currency, it has to go alongside with the fiat because most people are not acquainted with the usage of bitcoin.


Title: Re: Bitcoin as national currency?
Post by: Fire316 on February 27, 2018, 09:52:15 AM
      Bitcoin as national currency,i think it is impossible because of the nature of bitcoin,verry volatile and many countries are still against in bitcoin. Another thing,bitcoin is decentralized and every country has a government law to follow in terms of currency to be use.


Title: Re: Bitcoin as national currency?
Post by: 00DKM@ on February 27, 2018, 09:54:14 AM
Bitcoin how to become the national currency, I think this can not happen. Because bitcoin is not owned by any country, bitcoin price fluctuations, if used as a currency of a country will not be possible, and bitcoin transactions very difficult, only those who know about electricity smartphones and computers can be made.


Title: Re: Bitcoin as national currency?
Post by: wuhanyan21 on February 27, 2018, 09:55:02 AM
I can see it happening on a very free country such as singapore and others.


Title: Re: Bitcoin as national currency?
Post by: zngit on February 27, 2018, 10:00:03 AM
It is possible. Everything can be possible in terms of currency. Nowadays there is a country that accept the payment through btc amount equal to the items amount. If this will continue it can be applied in other countries. Then applied by others too. Until the time btc will be the national currency. It takes time to make it come true.


Title: Re: Bitcoin as national currency?
Post by: intoy_victor on February 27, 2018, 10:27:53 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

I don't know if it is possible for just so easy. Maybe it will but I assure you that it will take a lots of time before it will happened. Because government will discuss it first and also in their congress too and the chief executive will agree also with that so that the policy of a country will be proclaim ASAP that bitcoin currency will replace their local currency.



Title: Re: Bitcoin as national currency?
Post by: Ilegendph on February 27, 2018, 10:33:37 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
Why would they do that? They have their own currency and this currency have history or something that is important to their civilization and development. Besides bitcoin is an application only of blockchain technology and they can make a blockchain themselves that could be use fo their transactions.


Title: Re: Bitcoin as national currency?
Post by: laimaro on February 27, 2018, 10:54:21 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
Very much possible, especially in case of developed countries. However, in case of developing countries we need improvements like wide internet coverage and more awareness about bitcoins.


Title: Re: Bitcoin as national currency?
Post by: ethereumhunter on February 27, 2018, 11:44:41 AM
it is possible to use bitcoin as national currency but we are still far away to see this because we need approval from all the government and we need to fix the fee and else. but after this will solve, then I think we can use bitcoin as a new currency for all countries and bitcoin will be the currency that is used in online and offline life.


Title: Re: Bitcoin as national currency?
Post by: jambul_kribo on February 27, 2018, 11:59:58 AM
it is possible to use bitcoin as national currency but we are still far away to see this because we need approval from all the government and we need to fix the fee and else. but after this will solve, then I think we can use bitcoin as a new currency for all countries and bitcoin will be the currency that is used in online and offline life.
I think it will be very difficult to make bitcoin as a national currency. Politics will certainly be very difficult and this macroeconomic will require a very deep study.this will be very difficult to apply in my opinion


Title: Re: Bitcoin as national currency?
Post by: GalaxyWorld on February 27, 2018, 12:00:02 PM
To say that bitcoin is a currency for a country, I find it too small. I think it is more like a global currency. As you invest in bitcoin, you can go anywhere with just the internet, you can easily trade for money.


Title: Re: Bitcoin as national currency?
Post by: Bitcoinnumberone on February 27, 2018, 12:03:41 PM
Maybe not Bitcoin!

But I totally could imagine some countries creating their own blockchain and therefore issuing their own cryptocurrencie!


Presently, it is still far from reality. With the fall of bitcoin's price. It will be quite difficult for bitcoin to be a national currency. Well, if considering national currency, I guess other countries will just create their own instead of adapting bitcoin.


Title: Re: Bitcoin as national currency?
Post by: btcprospecter on February 27, 2018, 12:09:29 PM
It is possible that a country could use bitcoin as its currency but it would still always be converted back to a fiat equivalent.

What is more likely to happen is that a country would try and create its own version of bitcoin but would probably lack the same principles as many altcoins like privacy.


Title: Re: Bitcoin as national currency?
Post by: baricuri on February 27, 2018, 12:40:31 PM
Bitcoin can not be used as a common currency of a country, Bitcoin is not owned by any country and the price fluctuates frequently, if you hold a property whose price fluctuates, you have keep them? I think no one can accept that. And bitcoin is very difficult to manage, the tax evasion, money laundering, are concentrated in the bitcoin market.


Title: Re: Bitcoin as national currency?
Post by: CryptoRothschild on February 27, 2018, 12:55:06 PM
No possibility at all. However, at some point I guess every country will have their national currency or currencies. Venezuela has already launched one, the Petro, backed by oil, and is going to launch another one backed by gold. Iran has announched the launch of one owns cryptocurrency. Russian is planning an own cryptocurrency too. Other countries will follow for sure.


Title: Re: Bitcoin as national currency?
Post by: Juggy777 on February 27, 2018, 01:32:29 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

Japan is already doing this :).  Zimbabwe is another country that could do this and so is Ireland. As of now it's really difficult for any major country to come out and make it, reason is most of the country's are keen on banning it. So there's little change to see this happen anytime soon, few years down the line I feel yes.


Title: Re: Bitcoin as national currency?
Post by: Rc Cola on February 27, 2018, 01:44:01 PM
I think it will have a disadvantages and advantages. The advantage it will not be hassle to carry your money it can be in your mobile phone also when digital currency became the mode of payment across a country transferring money will be easy. The disadvantage is the digital currency is an internet dependent also old people will not be easily understanding what these means. Also digital currency will having a long run to become the national currency because many banks/ companies will opposed in the said decision. Though it will be a benefit to us as a Bitcoin investors there are bad sectors that will be happening to other people.
 


Title: Re: Bitcoin as national currency?
Post by: vv181 on February 27, 2018, 02:06:45 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
no. Bitcoin is decentralized, and the government will avoid anything without a full control. It is too risky for a country if the national currency is something decentralized like Bitcoin without full control over the governments. Even though there is a good side, I believe there will be a lot more of bad side.

Japan is already doing this :).  Zimbabwe is another country that could do this and so is Ireland. As of now it's really difficult for any major country to come out and make it, reason is most of the country's are keen on banning it. So there's little change to see this happen anytime soon, few years down the line I feel yes.
I don't think the government fully accept Bitcoin as a payment system for their country. It just the government is in favor of Bitcoin.


Title: Re: Bitcoin as national currency?
Post by: bright4mech on February 27, 2018, 06:27:39 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

Bitcoin is a digital currency acceptable all over the country, and working perfectly online transaction, Never the less any country want to create it own crypto currency by the government approval, is the Best idea so far, because the rate of bank stress and risk we reduce. Because we are now on digital world by using soft wallet...


Title: Re: Bitcoin as national currency?
Post by: DenisenkoMaria3571 on March 22, 2018, 05:20:19 PM
Finally, the drawdown has come to an end and I hope that many have bought the bitcoins advantageously because now there is growth.


Title: Re: Bitcoin as national currency?
Post by: m. yasir on March 22, 2018, 05:35:50 PM
If a country uses a bitcoin currency in my opinion it is highly unlikely, in the country's economy. see Bitcoin at an unstable price because of its enormous influence on the country's economy.


Title: Re: Bitcoin as national currency?
Post by: Johnny Lgz on March 22, 2018, 05:46:09 PM
I do hope that when a day come wherein we could use bitcoin as national currency, just imagine you can just freely travel all around the globe and no worry to come with your money exchanger.


Title: Re: Bitcoin as national currency?
Post by: voron84-05 on March 22, 2018, 05:50:18 PM
 If bitcoin becomes national currency, then most likely it will be some kind of a new country. Existing countries and governments will not allow bitcoin replace the national currency, because bitcoin is not possible to control.
 There is a version that bitcoin holders will soon buy themselves a piece of land and create their own country, that's where BTC will be the national currency.


Title: Re: Bitcoin as national currency?
Post by: hurry_hore on March 22, 2018, 06:06:50 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
It couldn't be possible if just use bitcoin, there is a possibility if use altcoins that is similar with a currency of a nation such as usdt for usd in virtual world.


Title: Re: Bitcoin as national currency?
Post by: jerjer on March 22, 2018, 06:19:44 PM
IMHO, If you mean using bitcoin as payment to all daily transactions of all the people buying their daily needs ,wants and etc.,  then its impossible. We all knew that bitcoin has a delayed confirmations. For example if you buy a soft drink in the street and pay with bitcoin, you need to wait at least a couple  of minutes or longer to reflect the bitcoin amount to the wallet of the receiver. So I think a country will make their own utility token with super fast transaction, at the same time this token can be traded also to bitcoin.


Title: Re: Bitcoin as national currency?
Post by: Akash1243 on March 22, 2018, 06:24:52 PM
Nope as bitcoins are now it is not possible to be an national currency and I doubt it ever will be firstly because it is decentralised how would government even use it as a national currency if they can't even use them and also bitcoins are highly volatile and unpredictable which you cause confuse among many people using or accept them as national currency.


Title: Re: Bitcoin as national currency?
Post by: HiringYou on March 22, 2018, 06:28:13 PM
It can be possible but chances are least.This is because Bitcoin has no physical form and it is decentralized in nature that's why government or bank is not able to control the transactions made through Bitcoin. So I don't think that any government will allow such currency over which they have no control to replace fully trusted fiat currency. No doubt many countries are trying to be cashless nowadays and Bitcoin can be a help in this approach so they can support Bitcoin but declaring Bitcoin as their national currency is not possible.


Title: Re: Bitcoin as national currency?
Post by: cizatext on March 22, 2018, 06:34:13 PM
It is possible and at the same time it wine very hard for that to happen because most countries at this present time are against bitcoin and are seeing bitcoin as a threat to there financial system and at that government are always against and attacking bitcoin but any country looking for ways to grow it economy and being able to control or regulates it activities must first of all accept bitcoin as part of they national currency.


Title: Re: Bitcoin as national currency?
Post by: QueenOf on March 22, 2018, 06:34:53 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
I think it is impossible because  the price of Bitcoin can't be controled by government.
But if the country use blockchain system it is possible, very very possible.  ;)


Title: Re: Bitcoin as national currency?
Post by: felipe04 on March 22, 2018, 06:39:42 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
bitcoin run already like international currency but not really in all things

We can use this to do transaction all over the world like variety of payment method but still because of the volatile price of it some countries not acknowledge it like in our country even we already use this


Title: Re: Bitcoin as national currency?
Post by: brkttlv on March 22, 2018, 06:45:16 PM
bitcoin can not belong to a nation, it is against it's grain. first feature of bitcoin is to be decentralization and being as a antional currency makes bitcoin centralize.


Title: Re: Bitcoin as national currency?
Post by: Lyne01 on March 22, 2018, 06:47:04 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

It would not be possible. Even a country already accepts bitcoin, it would be hard to adapt it as a national currency. People in that country must be interested in bitcoin and must be using it. Considering that it is a cryptocurrency, not all people have an access to it especially those with no internet.


Title: Re: Bitcoin as national currency?
Post by: pleght on March 22, 2018, 06:48:09 PM
I think that all of the countries will produce their own digital money.States have to keep pace with technology.Those who can not compete will suffer economic difficulties in the future.


Title: Re: Bitcoin as national currency?
Post by: fulmetal08larz on March 22, 2018, 07:12:00 PM
Bitcoin being the national currency of a country could be possible when the majority of the public have embraced the advancement of the way we transact with money. However, due to the unpredictability of BTC price, it is highly unlikely unless regulation and stability takes place.


Title: Re: Bitcoin as national currency?
Post by: btcCoincart on March 22, 2018, 07:13:21 PM
How can you be paid by bitcoin when today it's worth $100 but tomorrow it's just $80?
It's not kind of money for you to use in daily life man, just on crypto market :)


Title: Re: Bitcoin as national currency?
Post by: Ray55 on March 22, 2018, 07:15:24 PM
This will be better if Bitcoin be our national currency. But I think it is not possible  because some of issues.  It has no physical body and also not controlled by government. People  mine it how much they can. Always  it need internet  ,and think if anyone  has no internet  for a while  they can't pay or accept  bitcoin  from other and transaction will be postpone.


Title: Re: Bitcoin as national currency?
Post by: Weirdwas on March 22, 2018, 09:42:59 PM
It's possible but for now it still feels much like a far fetched idea. There are issues to be sorted out with bitcoin before we can consider using it as a national currency such as transaction times and fees.


Title: Re: Bitcoin as national currency?
Post by: LuvCyanide on March 22, 2018, 09:51:40 PM
I don't think Bitcoin will be a national currency. Bitcoin is and will be the world digital currency. Some day it will be approved by most countries.


Title: Re: Bitcoin as national currency?
Post by: catok broek on March 22, 2018, 09:52:35 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

that is almost impossible. I think Nations would rather create their own crypto currency than use bitcoin for their national currency. Bitcoin is decentralized that traded without legal financial supervisor as a condition becoming a national currency.


Title: Re: Bitcoin as national currency?
Post by: baconlike on March 22, 2018, 10:19:54 PM
Can not be, Bitcoin though created for the purpose of fast, low cost transactions. Alternative cash in the future but I do not think BTC cleared the cash register. BTCs are very risky and are only suitable for intellectuals. Some of them are not familiar with BTC they can not make orders and some places are poor. They have no machines to hold the BTC. BTC can not replace cash. I think so.


Title: Re: Bitcoin as national currency?
Post by: cordlesslake on March 22, 2018, 10:34:06 PM
the true limits of bitcoin and other cryptocurrencies as a national currency are their instability and strong variability. A state currency must be more stable.


Title: Re: Bitcoin as national currency?
Post by: tisoysoy on March 22, 2018, 10:44:04 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

Maybe it's nearly possible to be happen because as starting accept and use bitcoin as a form of payment in some countries there's a possible that they will publish bitcoin as a form of currency of their country. 


Title: Re: Bitcoin as national currency?
Post by: andyblocks on March 23, 2018, 09:40:34 AM
Most of the money governments have comes from the possibility of them printing money to themselves. Since Bitcoin could remove that possibility, I don't think they would accept it.


Title: Re: Bitcoin as national currency?
Post by: resus on March 23, 2018, 09:49:43 AM

I'm not sure whether the currency can be made into the national currency later.
Because I think digital currency is very inefficient if used as a payment method
I think in 2030 it will be strong


Title: Re: Bitcoin as national currency?
Post by: Erlinda Santiago on March 23, 2018, 10:08:48 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
yes possibly but i dont think its national or globlly because some of countries around the world are already banned bitcoin


Title: Re: Bitcoin as national currency?
Post by: tachi641 on March 23, 2018, 10:36:33 AM
Every country has their own standards. Country currency is not determined by the common people in the mass. It is determined by the government which has high standards for choosing the main currency for their nation. This scenario of the Bitcoin prevailing would be possible only if some main nations accept Bitcoin as the main currency; then the others would follow ( That will never happen )!


Title: Re: Bitcoin as national currency?
Post by: stely on March 23, 2018, 10:45:02 AM
Every country has their own standards. Country currency is not determined by the common people in the mass. It is determined by the government which has high standards for choosing the main currency for their nation. This scenario of the Bitcoin prevailing would be possible only if some main nations accept Bitcoin as the main currency; then the others would follow ( That will never happen )!
Whilst many are concerned that the price of bitcoin is over-hyped, the technology behind the currency, the blockchain, is being used by countries and initiatives to spin off their own digital currencies.


Title: Re: Bitcoin as national currency?
Post by: anggada18 on March 23, 2018, 10:59:48 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
impossible. may be the use of blockchain technology in a country as a digital currency.


Title: Re: Bitcoin as national currency?
Post by: Triyavam on March 23, 2018, 11:03:11 AM
One day I am sure all countries will recognize about bitcoin, because the state gets profit from tax every bitcoin transaction,
Bitcoin used as a national currency can occur if a country gives a clear legality to the use of bitcoin in the country,
But for now, only a part of the country behaves that way,
Not everyone can afford even one btc.


Title: Re: Bitcoin as national currency?
Post by: Matimtim on March 23, 2018, 11:24:02 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
I think yes because we are now in modern world that why we use modern technology, and part of being modern world is using bitcoin or cryptocurrency  we can pay any products using bitcoin or internet money being the easiest way and more convenient way to buy a product...


Title: Re: Bitcoin as national currency?
Post by: bitcoinichip on March 23, 2018, 11:33:01 AM
Bitcoin is the cryptocurrency .


Title: Re: Bitcoin as national currency?
Post by: waldenari777 on March 23, 2018, 11:43:17 AM
Decentralized currency can't be a national currency under no circumstances. Without government's control of emission it would become a killer for the national economics faster than you would say "I love crypto"


Title: Re: Bitcoin as national currency?
Post by: parassinghal on March 23, 2018, 11:47:45 AM
No i don't think so that bitcoin will become as national currency. Because bitcoin is not getting used by many of the countries and also its price do fluctuates.


Title: Re: Bitcoin as national currency?
Post by: markleal on March 23, 2018, 11:48:33 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

Hi there Minnasan, I think you haven't read the news about Valenzuela. The country is famous in government illegal activities like corruption, trust and transparency issues are very common as assessed by the world bank. Thus it is a good measure to solve the issue using crypto. And that is what actually happened, they have released and created their own cryto named Petro. This is an oil-backed token with a market value of almost $6B. There is initial 100 million token, currently PetroDollar or its ticker symbol XPD cost around $0.016113 at the time of this writing. You could further see the details in just a couple google search.


Title: Re: Bitcoin as national currency?
Post by: jeanpadel14 on March 23, 2018, 11:48:54 AM
High price volatility is another thing. Chances of bitcoin dropping or gaining hard are too high, as seen quite recently. Also, we can add limited block size. And an inability to control it by the central bank, of course.

At the moment, there are just too many little things that can hold it back. Bitcoin as national currency will not happen anytime soon. However, as we continue to develop the technology and look for more blockchain applications, increase block size… maybe we can make see it happening one day.


Title: Re: Bitcoin as national currency?
Post by: johnine on March 23, 2018, 11:50:00 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

Let's become open minded with this, yeah maybe bitcoin can become glob currency, because nowadays technology is taking the lead, but for some reason it'll be hard before that will happen, maybe the government will become the hindrance and also the banks. What would be the purpose of the banks if our money is already a virtual money? It'll be a long run before that will happen.


Title: Re: Bitcoin as national currency?
Post by: rockstarr on March 23, 2018, 12:13:23 PM
A global currency that's accepted and used by anyone who wants to, or for trading purposes as someone else mentioned--I could see that. I don't see a country adopting it though, at least not completely. Also, just thinking of the potential learning curve effects and pace of change involved with all citizens makes my head hurt!!  x0

I don't think  so if it will accepted as national currency because we had already a current currencies used. Even the other countries has there own currency, then how to implement as national currency?, I think it is impossible.


Title: Re: Bitcoin as national currency?
Post by: Rayakitty on March 23, 2018, 01:40:35 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

that is almost impossible. I think Nations would rather create their own crypto currency than use bitcoin for their national currency. Bitcoin is decentralized that traded without legal financial supervisor as a condition becoming a national currency.
Yes, I also do not believe Bitcoin will be the national currency in a country. Because bitcoin status does not yet have clarity, the creators of Bitcoin themselves still use a pseudonym, it is not known exactly who created it, and how it came from. In addition, no one wants to adopt bitcoin. Bitcoin is created only as a tangible digital currency that can only be used to transact online, not for transactions in everyday life.


Title: Re: Bitcoin as national currency?
Post by: cunese on March 23, 2018, 01:46:46 PM
BTC is very risky at present, and many investors are starting to lose money, so I don't think the country will accept BTC as the payment method in the short term.



Title: Re: Bitcoin as national currency?
Post by: judeafante on March 23, 2018, 01:53:58 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

I don't know if that's possible, the government wants to control and issue their own currency, how can they tax their people and all their transactions if they use Bitcoin that they cannot control so it's not possible at all. But I liked to see one country doing this.


Title: Re: Bitcoin as national currency?
Post by: Kurtyp1010 on March 24, 2018, 01:40:26 AM
For now, I dont think that bitcoin will be national currency but it has a chance because of investors. People think that virtual currency like bitcoin is risky but sometimes only.not always. Investing on bitcoin is a great choice because it's value is increasing.


Title: Re: Bitcoin as national currency?
Post by: angrygroceries on March 24, 2018, 02:17:31 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
This is money that has ALREADY been spent. If the someone wants to stop it, they can...and may.

Even if bitcoin replaces USD, government still has to be funded and government needs to spend to keep working.

Sure it needs to be funded, but it will not be. Government will stop, or downsize considerably. They over overstepped, now its time to face the music...if not this time, then next. Its almost over, there are no more cookies in the cookie jar for these fat bureaucratic criminals to steal from. Sure they can print more, and that plays right into the hands of deflationary currencies like BTC and LTC. You see, the more officials spend, the more the "peoples" worth devalues. What would you rather HODL for long-term at these insane decisions? Not USD by a long shot. They have done it tothemselves and we have to thank them for the amazing rise of decentralized, immutable (very important), fixed supply, currencies.

Song the hymn of bitcoin all you want. I do too. But don't tie government spending with success of it.

I encourage more of this reckless, indiscriminate spending with no accountability from Governments, all it does is compounds the success of BTC. They have done it to themselves....sorry, this horse has already left the gates, now I suggest you position yourself for an amazing few years of many black swan events.


Title: Re: Bitcoin as national currency?
Post by: johnson4218 on March 24, 2018, 02:20:42 AM
I think bitcoin can not become the common currency of nations. However, some good coin will be issued and become the common currency of the nations.


Title: Re: Bitcoin as national currency?
Post by: PalindromemordnilaP on March 24, 2018, 02:21:11 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

That'll be possible to imagine if and only if bitcoin's major disadvantages are addressed for good. How can the poor, the beggars, and the elderly be favored with the use of digital currency? And most of all, how can we buy food or water to satisfy our hunger and thirst if we can't access bitcoin when we are offline?


Title: Re: Bitcoin as national currency?
Post by: kirti rana on March 24, 2018, 03:06:54 AM
No, i  think so that bitcoin will become as national currency. Because its value fluctuates, Therefore, it can not be accepted as the currency of the country.
Thankyou.


Title: Re: Bitcoin as national currency?
Post by: firec8 on March 24, 2018, 03:23:09 AM
In fact, I think Bitcoin is not suitable as a national currency. The national currency is a medium that regulates the national economy. Bitcoin is decentralized, uncontrolled, and is not suitable for national currency.


Title: Re: Bitcoin as national currency?
Post by: EdfuJihad on March 24, 2018, 03:37:18 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

My opinion is "no" my reason is that "fiat money" is the financial statement of a country.
it's like a wallet of individual person. Bitcoin is a currency known in most of countries. Some
countries even ban cryptocurrency in their country. My point is they can correlate and
exist together but one overpowering another is a threat in the other side.


Title: Re: Bitcoin as national currency?
Post by: paras20 on March 24, 2018, 03:47:38 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
Soon I think it going to become a national currency because many people and countries are already using things


Title: Re: Bitcoin as national currency?
Post by: imstillthebest on March 24, 2018, 03:56:53 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
Soon I think it going to become a national currency because many people and countries are already using things

bitcoin can become a national currency but not an international currency due to the fact that some country are still banning it. however bitcoin cant still totally replace the use of local currency or fiats because majority of people will  still be using it as a default currency because it is easy and safe when compared to bitcoin or any other crypto currency. only techy and knowledgeable person can possibly use bitcoin because they understand it more.


Title: Re: Bitcoin as national currency?
Post by: HSRP on March 24, 2018, 04:01:01 AM
Bitcoin can not be considered a national currency, as it has not been widely accepted and some countries still do not have sufficient databases and machines to provide Bitcoin and trade in goods and services. living. Bitcoin is only suitable for some intellectuals. So Bitcoin is not the national currency.


Title: Re: Bitcoin as national currency?
Post by: ghost07 on March 24, 2018, 04:03:46 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
it is possible and it is already exist but not in all country only country that bitcoin is already legalized. but in the future bitcoin will be our currency all over the world we need to wait that time.


Title: Re: Bitcoin as national currency?
Post by: Bitcoinjheta on March 24, 2018, 04:16:21 AM
I think bitcoin can not become the common currency of nations. However, some good coin will be issued and become the common currency of the nations.


That is not true i don't agree on what you are telling that some good coin can become a common currency nationwide. I tell you eversince there is no country world wide have change there national currency for the porpuse of new coin in cryptocurrency. Its a long debate will being forms between the government and a congress.


Title: Re: Bitcoin as national currency?
Post by: shagor106 on March 24, 2018, 04:33:45 AM
 Bitcoin is national currency, no i don't agree with it. But I can say  Bitcoin is a global currency. We know bitcoin illgegal most of the country in the world. Bitcoin is cryptocurrency coin and nobody cannot control this coin so its impossible to national currency.


Title: Re: Bitcoin as national currency?
Post by: shainasaz on March 24, 2018, 04:35:29 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

In my understanding there is no possibility bitcoin will be adopted as national currency,because it a form of decentralization that nobody can hold with it and its a appropriate to say bitcoin has a possibility to be international currency because of its valuable thing that could be likely as gold and some people says it is a digital gold in our era today. as we knows every countries made their own currency they don't want to copy because of their pride so there is no possibility bitcoin as national currency.


Title: Re: Bitcoin as national currency?
Post by: danggoron on March 24, 2018, 04:36:17 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

I don't know if that's possible, the government wants to control and issue their own currency, how can they tax their people and all their transactions if they use Bitcoin that they cannot control so it's not possible at all. But I liked to see one country doing this.
True, the government can not control bitcoin. Chances are that bitcoin becomes an alternative payment other than the national currency in a country. So that financial sovereignty will remain awake while following the development of technology.


Title: Re: Bitcoin as national currency?
Post by: desi92 on March 24, 2018, 04:42:29 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
no. Bitcoin is decentralized, and the government will avoid anything without a full control. It is too risky for a country if the national currency is something decentralized like Bitcoin without full control over the governments. Even though there is a good side, I believe there will be a lot more of bad side.

Japan is already doing this :).  Zimbabwe is another country that could do this and so is Ireland. As of now it's really difficult for any major country to come out and make it, reason is most of the country's are keen on banning it. So there's little change to see this happen anytime soon, few years down the line I feel yes.
I don't think the government fully accept Bitcoin as a payment system for their country. It just the government is in favor of Bitcoin.

Bitcoin now is legalized in some country where bitcoin is fully accepted as currency or investment program.
So bitcoin might be standing beside of their fiat money but not replace fiat because goverment protect their paper money.


Title: Re: Bitcoin as national currency?
Post by: Sanjida on March 24, 2018, 04:55:27 AM
Yes bitcoin as national currency.because now bitcoin is legalized in some country and fully accepted as currency or investment program.in the future bitcoin will be our currency all over the world. bitcoin becomes an alternative payment other than the national currency in a country.  in the future bitcoin will be our currency all over the world we need to wait that time.


Title: Re: Bitcoin as national currency?
Post by: amwer on March 24, 2018, 04:59:09 AM
Can we actually consider Bitcoin as national currency? Can we imagine that one day whole economic system of a country will be based on cryptocurrency and blockchain architecture?
In theory, that would be perfect. Accounts would be balanced, financial predictions could become more accurate. And even imagine that whole voting system is based on the blockchain. Or even settling most of the bureaucratic matters would be done by few clicks from your home.


Title: Re: Bitcoin as national currency?
Post by: catur123 on March 24, 2018, 05:06:08 AM
I do not think national currency will happen because every country will surely release their own digital currency to legend in their country, but bitcoin can be the center of digital currency in the world.
maybe the currency price in each country will refer to bitcoin price as now all coin refers to bitcoin price.


Title: Re: Bitcoin as national currency?
Post by: Fantastic33 on March 24, 2018, 05:13:04 AM
I think no. Even if bitcoin is the longest running and number 1 crypto today, it will never replace our paper money. First is that the bank still do not recognize bitcoin and other cryptocurrencies as a currency, so how come it can replace fiat? Second is that there are already some government who already banned crypto exchanges in their country, and some imposed crypto regulations. Changing fiat into crypto in the future will take a lot of time and will take a lot of economic changes since every country have their own type of paper money that they are already using for thousands of years. Cryptos will still exists in the future as long as there are users, but it will never replace paper money. Bitcoin and paper money are two different things.


Title: Re: Bitcoin as national currency?
Post by: akmittal on March 24, 2018, 05:15:30 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
Yes it may be possible that  Bitcoin as the national currency. It is also possible that countries may develop their own crypto currency in place of fiat currency. It is very clear that Crypto currency is the future currency.


Title: Re: Bitcoin as national currency?
Post by: pelipurlara on March 24, 2018, 05:35:51 AM
Most of the money governments have comes from the possibility of them printing money to themselves. Since Bitcoin could remove that possibility, I don't think they would accept it.

If this continues then it can be applied in other countries. Then applied by others as well. Until wait time bitcoin will become the national currency. It takes time to make it happen. Everything can be possible in terms of currency. Currently there are countries that receive payment through bitcoin amount equal to the amount of goods.


Title: Re: Bitcoin as national currency?
Post by: jbdjy on March 24, 2018, 05:42:02 AM
I hope Bitcoin will do better and better, and then become a universal currency, not just the national currency.


Title: Re: Bitcoin as national currency?
Post by: DarkIT on March 24, 2018, 05:42:40 AM
I think every country has their own money, and of course making bitcoin into national currency will be against the state itself. bitcoin may just be the currency on the internet, but if there is further development, it might just happen.


Title: Re: Bitcoin as national currency?
Post by: Drunken Lullabies on March 24, 2018, 05:53:54 AM
It is very possible. I think bitcoin has been accepted by various circles and layers of society, just how the government reacted and immediately legalize bitcoin. If the government openly supports and legalizes bitcoin, it will be very easy to make bitcoin as the national currency of a country.


Title: Re: Bitcoin as national currency?
Post by: Rashid555 on March 24, 2018, 06:25:42 AM
Now the market is growing soon in the world many countries will allow bitcoin and they will focus on the bitcoin and if this currency growth is same like now then soon some countries will declare bitcoin as their national currency but now the bitcoin is the global currency and more than twenty countries are actively using this currency for buying and transactions.


Title: Re: Bitcoin as national currency?
Post by: franciscoDC on March 24, 2018, 06:28:33 AM
I think its possible to happened,like my country which is Philippines and our national banks was looking to use this bitcoin,and i think my country was totaly legalized the using of bitcoin.


Title: Re: Bitcoin as national currency?
Post by: abaidudez on March 24, 2018, 06:35:29 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

Bitcoin as national currency? I don't think so but I guess world currency or international currency. Let us put that on the positive side. Imagine Bitcoin legal worldwide and being used worldwide. I don't really know how it will work but sounds and advantage for a legend and who already gain a lot of bitcoin now. But for now Let's just wait for that put bitcoin on regulation in other country and on other banned.


Title: Re: Bitcoin as national currency?
Post by: Serious475 on March 28, 2018, 09:14:42 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
Nope, because Bitcoin is decentralized. Why would a country use a decentralized currency? There are countries banning Bitcoin because it is decentralized and some countries hate it. As of now, people only see Bitcoin as a way of earning money instead of a currency. In the future Bitcoin will still be like this instead of making it as a currency.


Title: Re: Bitcoin as national currency?
Post by: HunterBTC on March 28, 2018, 09:26:00 AM
If in my country Bitcoin is not allowed to be used as currency but if it is used as a means of payment for members of Bitcoin and or used as a personal asset for Bitcoiners.


Title: Re: Bitcoin as national currency?
Post by: Traidia on March 28, 2018, 11:31:55 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

From the research we have done here at Traidia, Bitcoin probably wont become the national currency but one cryptocurrency might be able to be. A cryptocurrency that might not even be invented yet has the possibility to become the national currency. 


Title: Re: Bitcoin as national currency?
Post by: yana0901 on April 01, 2018, 05:59:00 AM
What is needed Bitcoin - what is it in simple words, can not be explained without asking the question, why is needed and how the crypto currency works.


Title: Re: Bitcoin as national currency?
Post by: queennathalia on April 01, 2018, 06:07:54 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
That is a kind of 50 50 situation. Because we cannot predict in the future its maybe possible or not. Because a lot of project and good conduct for the future coins is there. We need to wait the result, And result is will be made from all people. What if? If one of a lot of platform used is the future for the fit porposes example: If 1 ecommerce platform used for all kind of effectiveness of ecommerce. Addition 1 gambling platform for gamblers and 1 bank platform and etc. So we cannot disclose this bitcoin that we can use for national currency.


Title: Re: Bitcoin as national currency?
Post by: zhinaivan on April 01, 2018, 06:11:02 AM
In my opinion for me now is yes because bitcoin very indemand right now and many investor trust bitcoin to invest big money to  earn a lot of money from bitcoin and someday i will teach to my kids about trading bitcoin.


Title: Re: Bitcoin as national currency?
Post by: signup01 on April 01, 2018, 06:11:37 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
it could happen that no one can predict exactly because there is no such guidance but with the belief that bitcoin is a currency that uses technological progress and progress of the time may be all that can happen


Title: Re: Bitcoin as national currency?
Post by: UAE Seasider on April 01, 2018, 06:44:23 AM
I think this would be a long long long way in the future we just are not ready for that kind of thing as yet. I have heard that Dubai was creating a currency to be used for paying government bills and service called Emcash, but so far it is just talk and no reality.


Title: Re: Bitcoin as national currency?
Post by: FUD Expert on April 01, 2018, 06:47:59 AM
I don't see that any country would use it as their national currency but bitcoin could be a global currency. Every country has their pride on their own fiat because it represents them so it's impossible to see btc replacing theirs.


Title: Re: Bitcoin as national currency?
Post by: laurenB7742 on April 01, 2018, 06:57:49 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

It's a NO from my side. Accepting BTC as national currency means that government has no control over the currency circulating in the country. why would any government do so? The only way BTC or another cryptocurrency can be legalized is by regulating it and this is something not acceptable to the crypto community.


Title: Re: Bitcoin as national currency?
Post by: Fasdartin on April 01, 2018, 06:59:57 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
it could happen that no one can predict exactly because there is no such guidance but with the belief that bitcoin is a currency that uses technological progress and progress of the time may be all that can happen
I think that is not going to happen that the bitcoin is going to be a national currency, but bitcoin as international currency is possible. The government will not allowbitcoin as a natinal currency because they cant manipulate it, and the value of bitcoin is unpredictable.But who knows? Maybe in the future, bitcoin is going to be a national currency because of its potentials.


Title: Re: Bitcoin as national currency?
Post by: MD Milon on April 01, 2018, 07:00:15 AM
Bitcoin can be used as national currency,if government can be allow bitcoin.but I think now in the world many countries authority approve bitcoin.bitcoin now as a global currency.


Title: Re: Bitcoin as national currency?
Post by: uiyh687 on April 01, 2018, 07:03:19 AM

Mr. At present, Bitcoin has no possibility of being a national currency. If bitcoin continues to fall, people’s assets are decreasing. This is not what people want to see. The country cannot do such a wrong thing. The state can issue its own digital currency, which does not necessarily require Bitcoin as its national currency


Title: Re: Bitcoin as national currency?
Post by: kasansa on April 01, 2018, 07:41:23 AM
My opinion about Bitcoin if it happen as every country will reorganize it as national currency and it will become very safe to each and every country to be come all transactions in digital crypto there might be a very safe and no any kind of misuse by the rulers who loot their people wealth in every regard. I am sure one day this will happen.


Title: Re: Bitcoin as national currency?
Post by: renc77 on April 01, 2018, 07:56:04 AM
For me, I dont see bitcoin as national currency but an international currency in the future.

If the development and innovation will continues. The people will have a safer and protected wallet on their own which can store lots of money. However, government shoud support this and make actions to improve the project.


Title: Re: Bitcoin as national currency?
Post by: aehsj on April 01, 2018, 08:09:17 AM
If it is done well, then I believe that Bitcoin will likely become the universal currency of the world. By then, it will be the most brilliant moment for Bitcoin. We look forward to it. It will get better and better. We will witness together. This historic moment.


Title: Re: Bitcoin as national currency?
Post by: Xester on April 01, 2018, 08:14:35 AM
I don't see that any country would use it as their national currency but bitcoin could be a global currency. Every country has their pride on their own fiat because it represents them so it's impossible to see btc replacing theirs.

It is am inescapable truth that countries will not make bitcoin as their own national currency. Government will not accept a national currency wherein they do not have control of except for America. Due to this reason the only possibility but until now was not realized was that a government will create their own crypticurrency on which they have control and centralized.


Title: Re: Bitcoin as national currency?
Post by: soul-impact on April 01, 2018, 08:44:25 AM
I do not believe in this. Bitcoin is a digital currency programmed to operate within the 21 million bitcoin limit. So it is hard for bitcoin to become a national currency. Japan is trying to build the center of the bitcoin capital and let the bitcoin grow even further, but they still can not make it into the national currency.


Title: Re: Bitcoin as national currency?
Post by: Dblue on April 01, 2018, 09:00:39 AM
This is possible but being realistic, we know that once transaction volumes pick up then transaction fees will start going up too and this is a big hindrance for bitcoin as a currency.


Title: Re: Bitcoin as national currency?
Post by: ethereumhunter on April 01, 2018, 12:33:26 PM
This is possible but being realistic, we know that once transaction volumes pick up then transaction fees will start going up too and this is a big hindrance for bitcoin as a currency.

we need to wait again in a few years because there is only a few countries that accepting bitcoin until now. but once the other country accepts bitcoin, then the possibility will become bigger and we can see that bitcoin will be a national currency. I think we can use bitcoin like it was and we have the opportunity to collect more bitcoin so we can be ready for this if the time comes.


Title: Re: Bitcoin as national currency?
Post by: DoublerHunter on April 01, 2018, 02:25:56 PM
I don't think that bitcoin will fit well into that category as a national currency because that is not a good move for a country if they will make bitcoin as a national currency since bitcoin has a very volatile environment that will make it hard for the people to manage their money and it will bring chaos since the prices will not be fixed like in the fiat.


Title: Re: Bitcoin as national currency?
Post by: Radio-Active on April 01, 2018, 03:09:39 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

It is possible sir. if bitcoin has been used by many peoples around the world in their life,
bitcoin can be the global digital currency for all of us. but for now, bitcoin still have to face many regulations in the world.


Title: Re: Bitcoin as national currency?
Post by: Tungsten-1 on April 02, 2018, 06:43:23 PM
In my opinion for me now is yes because bitcoin very indemand right now and many investor trust bitcoin to invest big money to  earn a lot of money from bitcoin and someday i will teach to my kids about trading bitcoin.
Yes things are going toward positive side so we have been using bitcoin for raising our living standards by earning through them and meeting our needs and desires. Likewise, there are people who trade in them, like you have said, big investors are likely to get into investment in bitcoins. This is happening and that is why bitcoins are continuously growing. We hope it will become a national currency one day.


Title: Re: Bitcoin as national currency?
Post by: fanBit101 on April 02, 2018, 06:49:15 PM
In my opinion about this issue. Bitcoin is not a national currency. and the purpose for its formation is to become the accepted currency of payment worldwide. In a way, it is similar to usd. Accepted as a general form of payment in the world. Bitcoin is being accepted as a payment method by many retailers in the world including Dell. And I hope bitcoin will be available on Apple's payment method in the future.


Title: Re: Bitcoin as national currency?
Post by: lelylely on April 02, 2018, 07:11:42 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

That will not happen, the government will not allow bitcoin as the national currency. The value of bitcoin is unstable, and it is not very good if it is used as the national currency.


Title: Re: Bitcoin as national currency?
Post by: Rustamm on April 02, 2018, 08:55:29 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
No, any country that takes bitcoin as a national currency will very quickly regulate its economy due to the fact that bitcoin has very high volatility. I also believe that the amplitude of fluctuations in the price of bitcoin with an increase in its value will only increase. On a small example I will explain that if, for example, you then go into the store, in the morning a certain product will have one price, another for lunch, the evening of the third and so on every day. At the level of management of the country's economy, this will generally be comparable to a catastrophe. Planning the economy of the country, as well as controlling the implementation of plans for economic development of the country will be impossible. I'm not talking about the risk of depreciation bitcoin at its high cost. Therefore, I do not think that any state will decide on such a step. In addition, it should be borne in mind that if the state takes bitcoin as its national money, then it will largely depend on the state of economic development in other countries where bitcoin will be used as a means of payment.


Title: Re: Bitcoin as national currency?
Post by: Nazir0012 on April 03, 2018, 02:41:58 AM
the government will not allow bitcoin as the national currency.bitcoin still have to face many regulations in the world.but they still can not make it into the national currency.


Title: Re: Bitcoin as national currency?
Post by: orarider on April 03, 2018, 03:36:54 AM
In some countries like Japan, Denmark, Germany see bitcoin as a national currency. Governments encourage people to use bitcoins. They create all conditions for bitcoin to develop. Japan is trying to build a bitcoin capital. This is a good thing for investors.


Title: Re: Bitcoin as national currency?
Post by: dyewic on April 03, 2018, 04:00:46 AM
in 2008 satoshi nakamoto created the bitcoin and the blockchain technology , which allowed us for the first time in our history to send money world wide without the need for a bank or financial institution , this technology is revolutionary and even though its not intuitive it is obviously changing the financial landscape so yes we might see this situation in the very near future as even the people who are against the bitcoins are interested in blockchain.

I strongly agree on your opinion that, in 2008 satoshi nakamoto created the bitcoin and the blockchain technology , which allowed us for the first time in our history to send money world wide without the need for a bank or financial institution , this technology is revolutionary and even though its not intuitive it is obviously changing the financial landscape so yes we might see this situation in the very near future as even the people who are against the bitcoins are interested in blockchain. And adding also my opinion that, some countries like Japan, Denmark, Germany see bitcoin as a national currency. Governments encourage people to use bitcoins. They create all conditions for bitcoin to develop. In addition, the government will not allow bitcoin as the national currency.bitcoin still have to face many regulations in the world.


Title: Re: Bitcoin as national currency?
Post by: x xurtjati on April 03, 2018, 04:11:14 AM
hello bro ... for national money if for now can not because there are still many countries left behind or still developing if for the future can happen and it can only be done only for certain products and can only be done for middle class or just elite, but with the rapid development of bitcoin can happen anytime because I feel the atmosphere is so amazing because the enthusiasm of many people who support the existence of bitcoin


Title: Re: Bitcoin as national currency?
Post by: HellDiverUK on April 03, 2018, 04:15:30 AM
In some countries like Japan, Denmark, Germany see bitcoin as a national currency. Governments encourage people to use bitcoins. They create all conditions for bitcoin to develop. Japan is trying to build a bitcoin capital. This is a good thing for investors.
Indeed in the country strongly supports the existence of new things in the field of technology. I was a bit disappointed with many countries that refused. bitcoin is now embedded in politics in the play of many people


Title: Re: Bitcoin as national currency?
Post by: cunguks on April 03, 2018, 04:22:38 AM
I think it's something so impossible to be real. The probability is zero percent. Countries are better off making their own digital money than having to make bitcoin as the national currency. Because the state must be able to give rules to the country's currency. Whereas no one has control over bitcoin.


Title: Re: Bitcoin as national currency?
Post by: brylle34 on April 03, 2018, 04:39:47 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
I don't think its possible because the value of bitcoin is very volatile and people won't risk their cash if the value goes down. just like what cunguks said every country will make their own digital money that will be equal to their fiat money, that is the possible things that might happen. because what if you forget your phone or barcode scanner to pay u should also still use fiat money,

I think it's something so impossible to be real. The probability is zero percent. Countries are better off making their own digital money than having to make bitcoin as the national currency. Because the state must be able to give rules to the country's currency. Whereas no one has control over bitcoin.
exactly it has high chance that every country will make their own digital money.


Title: Re: Bitcoin as national currency?
Post by: brylle34 on April 03, 2018, 04:41:24 AM
In some countries like Japan, Denmark, Germany see bitcoin as a national currency. Governments encourage people to use bitcoins. They create all conditions for bitcoin to develop. Japan is trying to build a bitcoin capital. This is a good thing for investors.
great news, i wish in my country as well, we hope that bitcoin get back to its peak. :)


Title: Re: Bitcoin as national currency?
Post by: EVIAJOHNPAUL on April 03, 2018, 04:55:14 AM
Bitcoin as national currency i think some government are accept but not at all. The bitcoin currency no one are control the money in any countries, but its really help to grow the economy of any countries that accepting bitcoin currency we get idea for investor to build a proposal and provide the bounty to help people who want to earn money in bitcoin just the way to make a successful in life but, they risk to start and fears into invest the effort to your work,  in my opinion the bitcoin after a year will exist the value of currency are also highest value in terms of currency of money in country.


Title: Re: Bitcoin as national currency?
Post by: jaocoincrypto18 on April 03, 2018, 05:10:50 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

I think this is now possible in Japan and Germany because as of now these nations are using the capabilities of Bitcoin into its fullest in which they even use it now as salary form of payment and as a loan too. The very good thing in these countries is that the people could use Bitcoin currency without or very minimal tax payment only therefore with these progress i strongly believed that in the near future they will use Bitcoin as national currencies as long as i there is no negative issues will occur.


Title: Re: Bitcoin as national currency?
Post by: Gandam23 on April 03, 2018, 05:22:07 AM
In some countries like Japan, Denmark, Germany see bitcoin as a national currency. Governments encourage people to use bitcoins. They create all conditions for bitcoin to develop. Japan is trying to build a bitcoin capital. This is a good thing for investors.
Many countries already accepting bitcoin but they dont prefer it as their national currency. But they only recognize what are the good features of bitcoin when it comes to currency. They think that it has a big significance knowing the bitcoin and on how to earn or to do transaction using that
 


Title: Re: Bitcoin as national currency?
Post by: lucian999 on April 03, 2018, 05:26:51 AM
if bitcoin becomes a national currency it will be good for us because everybody who believes in bitcoin especially if our money is bitcoin.


Title: Re: Bitcoin as national currency?
Post by: khimer_rangers on April 03, 2018, 05:27:40 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
For the future, it could be that the whole world only uses one digital currency and it might be bitcoin, but sometime it happens. The more modern era so many possibilities later paper money will be replaced with digital money.


Title: Re: Bitcoin as national currency?
Post by: TheGodFather on April 03, 2018, 05:30:41 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

It can be possible however we have to think outside of the box first and we have to fix out all the kinks first. It is up to us the bitcoin users and the whole of the cryptocurrency market as well to be the driving force for bitcoin oor even any other cryptocurrency as a trial for a national currency. With this regulations will follow and fair trade and practices compromises would have to be made and we have to sacrifice a lot for us to get there but if this ever becomes true then that would just certify that we were right all along


Title: Re: Bitcoin as national currency?
Post by: MMysterious on April 03, 2018, 05:42:39 AM

That would be amazing if some countries will consider bitcoin as its national currency although this is very unlikely. Even if some countries will consider it will be under the pressure of some powerful countries and top financial sectors. I do like countries being open to crypto and bitcoin.


Title: Re: Bitcoin as national currency?
Post by: gua86402 on April 03, 2018, 05:47:36 AM
Legal tender depends on the national credit issuing people can believe, no national credit endorsement. Anything else can only be treated as an asset!

BTC is like this, no country's credit endorsement, this is the reason that many people do not believe!


Title: Re: Bitcoin as national currency?
Post by: buharikx31 on April 03, 2018, 05:48:37 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
It can be possible for sure, still it can be used as additional payment method and it would be more realistic if goverments allow to pay by using cryptocurrencies in my personal opinion they would tax it as a normal currency


Title: Re: Bitcoin as national currency?
Post by: akmittal on April 03, 2018, 05:53:03 AM
It may be possible that some countries declare their national currency as Bitcoin. Or it is also possible that some countries may develop their Blockchain to start digital currency. But in both case Bitcoin will get benefit.


Title: Re: Bitcoin as national currency?
Post by: google98 on April 03, 2018, 05:53:37 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

That is quite possible, I think there will soon be a country that will accept some crypto currency as the primary means of payment. I'm almost certain that this would not be a BTC, but rather a coin that would be related to banks like Ripple.  ???


Title: Re: Bitcoin as national currency?
Post by: Firdausiii on April 03, 2018, 05:56:36 AM
Bitcoin can be used as national currency,if government can be allow bitcoin.but I think now in the world many countries authority approve bitcoin.bitcoin now as a global currency.

It should go along with the fiat because most people do not recognize the use of bitcoin. For now bitcoin can not be fully used as a national currency, as most people may not be fully familiar with this crypto currency


Title: Re: Bitcoin as national currency?
Post by: Sar elok on April 03, 2018, 06:01:27 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
I don't think so. Bitcoin will still serve as payment online or as digital assets rather than into the national currency of a country.


Title: Re: Bitcoin as national currency?
Post by: gajebo on April 03, 2018, 06:14:12 AM
Bitcoin will grow in the future, but bitcoin becomes the national currency I'm not sure, because bitcoin is less effective to be made in the payment method, the public will still use paper money, to conduct transactions because it is more practical and efficient.


Title: Re: Bitcoin as national currency?
Post by: Webberson on April 03, 2018, 06:16:32 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

Bitcoin is a global currency and therefore, cannot be used as a country's national currency, except the country creates its own coin for national use, which would then be converted to bitcoin for international use, anytime a transaction is to be made.


Title: Re: Bitcoin as national currency?
Post by: arcanayou on April 03, 2018, 10:11:18 AM
the national currency? I think it is more suitable for international currency, if a country makes cryptocurrency possible, but if bitcoin into the currency of a country I think it is impossible. there is still much debate and regulation to make bitcoin recognized and legalized by a country because of its decentralized nature. but I believe bitcoin will be the easiest, safest and most reliable means of payment and transaction in the future


Title: Re: Bitcoin as national currency?
Post by: charlotte04 on April 03, 2018, 10:24:37 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

If you mean national then they should create their own national crypto currency and not Bitcoin, because it can be called as the global currency.


Title: Re: Bitcoin as national currency?
Post by: Dudeperfect on April 03, 2018, 05:40:40 PM
I don't think that any government (other than tiny nations like Sealand) would ever think of making cryptocurrencies as a national currency because governments are greedy for extreme control on almost everything and when it comes to crypto, it's exactly opposite concept. It believes in decentralization and government will never allow any such technology to take away control away from their hands. However, I am optimistic about legal recognition of crypto in major countries in next 5 to 10 years.


Title: Re: Bitcoin as national currency?
Post by: otandelapaz on April 03, 2018, 05:46:29 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

This is impossible. You see, national currencies depends on it's economic. And a national currency reflects the nation's culture and history. Bitcoin is digital, you cannot input a face of hero there. :D
And a national currency should be regularized and controlled by its government.
It is more possible that Bitcoin can be legal and widely used in a country rather than making it a national currency.


Title: Re: Bitcoin as national currency?
Post by: Desmo on April 03, 2018, 05:52:33 PM
Among the reasons why bitcoin has not yet become a widely used means of payment, one can call high volatility, as well as problems with liquidity and legal regulation. Nevertheless, a currency that does not have a central regulatory mechanism becomes better in all of these aspects.


Title: Re: Bitcoin as national currency?
Post by: dekafee79 on April 03, 2018, 06:02:26 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

I think bitcoin cannt to be the national currency today, maybe in future it is posible. when transactions all by digital. I hope it will be...


Title: Re: Bitcoin as national currency?
Post by: Omise_Arsyid on April 05, 2018, 04:27:49 PM
BTC can use such as a gold in the crypto world


Title: Re: Bitcoin as national currency?
Post by: xamxam on April 05, 2018, 04:36:42 PM
well as we can see that bitcoin is being accepted as digital currency in many countries, i think it's possible to make it happen because bitcoin can change in our local money but we can send it where ever our love ones is. being a bitcoin user i am hoping that it will happen sooner or later.