Is it possible for a country to adopt Bitcoin as its official currency?

[pilscoop]

Do you think this can ever happen? Bitcoin or any other form of cryptocurrency.
Which country do you think could be the first to do this (hypothetically)?

[Gimpeline]

Don't think it will happen. If anyone tried, they would be bombed back to the stoneage by the bankers

[panju1]

Do you think this can ever happen? Bitcoin or any other form of cryptocurrency.
Which country do you think could be the first to do this (hypothetically)?

Is it possible? : Yes.
Is it probable? : No.

[Lethn]

http://panampost.com/belen-marty/2014/08/28/dominica-will-be-first-nation-with-universal-bitcoin-possession/

You're all noobs.

[Wilikon]

http://panampost.com/belen-marty/2014/08/28/dominica-will-be-first-nation-with-universal-bitcoin-possession/

You're all noobs.

Organizers Cancel “Let the Bit Drop” Bitcoin Festival
Cryptocurrency Groups Cite Lack of Dominican Government Support

http://panampost.com/belen-marty/2015/02/12/organizers-cancel-let-the-bit-drop-bitcoin-festival/

[pilscoop]

http://panampost.com/belen-marty/2014/08/28/dominica-will-be-first-nation-with-universal-bitcoin-possession/

You're all noobs.

Hence the Newbie status hahaha

[Aemon]

I don't think it will ever happen.  The whole point of Bitcoin to me is that the government is not in control.  The whole point of having a currency is having the govt in control of it.

[koinsuka]

I think it's unlikely the anonymous nature of bitcoin will
make all kinds of business books will be difficult to
detect in case of financial irregularities by bureaucracy

[Lethn]

http://panampost.com/belen-marty/2014/08/28/dominica-will-be-first-nation-with-universal-bitcoin-possession/

You're all noobs.

Organizers Cancel “Let the Bit Drop” Bitcoin Festival
Cryptocurrency Groups Cite Lack of Dominican Government Support

http://panampost.com/belen-marty/2015/02/12/organizers-cancel-let-the-bit-drop-bitcoin-festival/

Aw fuck! thought they went through with it.

[countryfree]

This supposes raising taxes in BTC and paying civil servants with BTC. I'm not expecting that in the near future. It would take an entirely new generation of politicians. Those that we're having today, they wouldn't know how to live without an unlimited money supply.

[TheBlueEyedBitcoinDragon]

Not right now. Not any time soon, I don't think a nation will replace it's currency with bitcoin until bitcoin is very widely adopted and people know how well it actually works. My prediction is that the first country to replace their currency with bitcoin will be doing so sometime after 2040. Maybe in Africa or Latin America.

[yvv]

Yes, it is possible. In a country where all government are drug addict mental morons.
 

[Santoso]

I dont think so either. Not many people know bitcoin and accept it.

[Lenore]

It would be possible.  But highly unlikely. Plus they would be able to just make more.  Hiwever it may make it worth way more if that were to happen simply because of supply.  Dunno just what i c is all.

Would be cool though.  Would be nicebto see the price go back up.

[Das]

Yes it is possble. Greece might go first though, considering it's volatile economy.

[mark coins]

It is possible for any country but the only thing it needs is the support from the Government of that particular country which seems to difficult at a moment.

[xht]

No, i don't expect any country to adopt Bitcoin as their National Currency but i agree if they adopt bitcoin for their businesses payment.

[KennyR]

No, i don't expect any country to adopt Bitcoin as their National Currency but i agree if they adopt bitcoin for their businesses payment.

Yeah, no country will adopt bitcoin as their national currency. It might be used within certain sectors as it easy to transfer huge funds.

[chichidori]

No it will not be adopted, it can be a means of payment for some other goods and services, the government will not allow it.

[catch.me.if.you.can]

No, because its anonymous like tax havens. A government needs names and addresses.