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Author Topic: Which country looses the most when Bitcoin becomes the Currency of Planet Earth  (Read 4400 times)
bryant.coleman
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June 28, 2015, 11:46:39 AM
 #41

Russia  Grin

No. Russia will not be affected as much as the other countries, because it is having a positive trade balance (means that it's exports are worth much more than its imports). Russia is a major exporter of minerals, metals and other natural resources, such as crude oil, natural gas, aluminum, copper, steel.etc. It will be left with surplus Bitccoin from its trade balance.

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SimonCaracas
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June 29, 2015, 12:21:46 AM
 #42

The "free-market" bailout solution would be for another exchange, perhaps Bitstamp, to buy Mtgox and assume their customers, assets and liabilities. MtGox itself did this in 2011 with a polish exchange that accidentally lost 17k BTC.

This would, of course, require MtGox to have accurate accounting statements to show potential buyers.
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June 29, 2015, 12:36:07 AM
 #43

The country with the strongest, the most widespread and the quasi standard of international transactions currency of the world: USA!  Wink

Along with the country which holds the largest amount of dollar reserves - China. Wink

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June 29, 2015, 02:52:05 AM
 #44

Along with the country which holds the largest amount of dollar reserves - China. Wink

US Dollar reserves (mostly in the form of United States treasury bonds) accounts for less than 50% of the Chinese Forex Reserves, unlike the case with certain countries such as Japan. And right now, they are dumping those bonds, and increasing other currency holdings such as EUR and UKP, as well as increasing their gold reserves.

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June 29, 2015, 11:37:26 AM
 #45

U.S.A is country with many rich also
Amph
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June 29, 2015, 02:09:54 PM
 #46

U.S.A is country with many rich also

they aren't for sure among those that will lose more, at best they will lose those little taxes from who are not declaring bitcoin(i'm wondering how many are actually declaring taxes coming from bitcoin) which could be big if bitcoin reach mainstream, they were also the first to regulate bitcoin

russia also do not want to lose this opportunity and are regulating it, so i think russia is still on track to not lose much from bitcoin if it become big one day



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July 01, 2015, 04:37:26 PM
 #47

I also beleive that countries endowed with more natural resources will gain through Bitcoins massively.

Calm
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July 01, 2015, 04:40:32 PM
 #48

I believe no country going to loose any thing because bitcoin is not going to coming Currency of planet in next few centuries
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July 02, 2015, 04:42:33 AM
 #49

No, I think every country loses something and gains something. Its similar to a war. A few people gain a couple things and lose a couple things. The sale of defense mechanics and machines experiences a lot of trade, just like how the economy sees a lot of trade. A few business and trades collapse and a few emerge stronger than ever, just like countries who are in war.

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July 02, 2015, 02:25:07 PM
 #50

Which country looses the most when Bitcoin becomes the Currency of Planet Earth?

Additionally what happens to those pesky regulatory/"aiding" bodies, IMF, World Bank, SWIFT.

I have got my presumptions, what's your's?


That's a great question. Although I think the real question here is that which country/countries  will be gaining the most IF Bitcoin becomes the Currency of Earth. It is quite unlikely that Bitcoin will be the currencies of all the countries unless in the future people become more open minded and accept it. But those who will restrict it will obviously lose the most.

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July 02, 2015, 09:01:54 PM
 #51

It is complicated because BTC is on hands of peoples don´t of goverments of any country until now, but it could change in future, if countries buy gold why dont could will buy BTC? or otherwise goverments could launch his own blockchains based system and leave out of game at BTC.Anyway all
peoples like you and me must only hold BTC even case that it goes to the moon, because it goes the moon goverments or bankers will buy all BTC availables at these moments to have control about this in future.

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July 03, 2015, 03:21:38 PM
 #52

Which country looses the most when Bitcoin becomes the Currency of Planet Earth?

Additionally what happens to those pesky regulatory/"aiding" bodies, IMF, World Bank, SWIFT.

I have got my presumptions, what's your's?

It is highly unlikely for this situation to take place. Nevertheless, if bitcoin does become the currency of the whole world, the country with less educated, less open minded people and those  with a poor or non-existing Internet infrastructure would be excluded from the global financial markets.
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July 03, 2015, 04:04:20 PM
 #53

Currency of planet earth? What are the chances of that happening? If it does, according to how things are now, countries like north korea which have non existent internet support will be excluded from global markets and other such activities.

I think if major adoption takes place, a currency can become the currency of planet earth. If things go as the same rate as they are for bitcoin, we might experience an economic evolution and it might change things for better. GO BITCOIN!

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July 04, 2015, 03:22:36 AM
 #54

Countries against the Bitcoins (banning them, restricting them etc.) will face some goood losses as they do not know the potential behind bitcoin and the wonders it could do, let alone ban them because their centralized currency wouldn't get much attention since then and they cannot track us all the time. Those which support bitcoins will reap the benefits and they deserve it! Quite obvious.

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July 04, 2015, 03:27:57 AM
 #55

This is a good, interesting question!  I like original ideas that aren't just repeat over and over again on this forum. 

I don't think it will break the bank of any specific country.  Maybe third world countries that many know about bitcoin and have weak currencies so they have chosen to trade with bitcoin?  That would be my guess.

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July 09, 2015, 05:29:47 PM
 #56

i dont think bitcoin to become a currency of earth. but if it does i think u.s will be loosing most because u.s has been regulating almost everything with the use of their currency dollar, but when bitcoin will be accepted worldwide, it will not have control over bitcoin as it is decentralized. if this happens the frequency of illegal work will shoot up
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July 09, 2015, 07:29:22 PM
 #57

Any Currency is only a way of represent a lot of things, so it is not a absolute value,however it could bring benefits to smallest countries  if they decided invest on it..........

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July 10, 2015, 03:47:12 AM
 #58

No the bitcoin cannot be the currency of the world.
See there are many countries around the world where the bas4c facility of internet is not availaible.

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July 10, 2015, 07:43:56 AM
 #59

No the bitcoin cannot be the currency of the world.
See there are many countries around the world where the bas4c facility of internet is not availaible.

third world is not counted, and anyway can be circumnavigated pretty easily with google satellite for recieving internet connection

not an excuse at all, those country need money more than anything else, but i'm sure they can at least build phone communication, and thus using bitcoin
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July 10, 2015, 08:59:58 AM
 #60

No the bitcoin cannot be the currency of the world.
See there are many countries around the world where the bas4c facility of internet is not availaible.

third world is not counted, and anyway can be circumnavigated pretty easily with google satellite for recieving internet connection

not an excuse at all, those country need money more than anything else, but i'm sure they can at least build phone communication, and thus using bitcoin
in those countries people don't even have proper basic resources and you are saying that they can build towers or phone communication just to use internet.
Hmm... Bitcoin will take a very very long time to become the currency of the world.

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