So...bitcoin is now a national currency ("nation" of 4 people)

[ajun96]

I think it will not, many countries will not replace their currency, the government will not do that,
but maybe bitcoin will be legal currency in many countries, but not into the currency of a country

[blackmachinegun]

I think it is impossible, unless there is a new country that doesnt have a currency, perhaps they will use bitcoin or a country that has a currency, but the currency was not have value against other currencies

[dhimasnk]

This is extraordinarily good news. With this bitcoin will be more popular, and more and more people are joining

[yoona]

So this small island off of Portugal, Principality of the Pontinha, has been a sovereign nation by royal decree since the 1400s. It has been handed down and changed hands a few times. The current leader has decreed that bitcoin is the nation's official currency.

This could literally kick off a lot of things. Bitcoin would officially become a foreign currency for all nations.

Equador, which is the only country to actually pass a law banning Bitcoin (which the law only banned Bitcoin from running on its banking network) had a stipulation that it would be recognized if it became a national currency. So by passing such a law...they may have potentially forced themselves to recognize bitcoin as an official currency.

I wonder how US will deal with considering Bitcoin a commodity when it is officially a foreign currency as well.


http://www.newsbtc.com/2015/12/13/bitcoin-atlantis-currency/

yes i also think that this is really good news,bitcoin start it expansion,start accepted on whole some countries,and now become national currency,i dont fully trust this,because i think this article not give enough proof,but anyway i hope bitcoin more greater this year.

[martinacar]

That's very interesting and good to hear.
What I am wondering is why no large news sites wrote about this. It is clear to me the media are against bitcoin.

[pedrog]

That's very interesting and good to hear.
What I am wondering is why no large news sites wrote about this. It is clear to me the media are against bitcoin.

No one wrote about it because it's bullshit!

Just read from the second page...

[martinacar]

It is very important. With the current drops (while the btc price remained the same), it will be hard to get roi before the halving. Even worse after the halving you will certainly get it back.
Which makes me worried.

[dk8218]

it is good to hear that someone of thousands has started accepting btc is national official currency..
weather it is fake news or real..
now i hope more country will start accepting btc as official currency..
and i don't think so that it is a big problem of dealing with anyone,

[BTCBinary]

So this small island off of Portugal, Principality of the Pontinha, has been a sovereign nation by royal decree since the 1400s. It has been handed down and changed hands a few times. The current leader has decreed that bitcoin is the nation's official currency.

This could literally kick off a lot of things. Bitcoin would officially become a foreign currency for all nations.

Equador, which is the only country to actually pass a law banning Bitcoin (which the law only banned Bitcoin from running on its banking network) had a stipulation that it would be recognized if it became a national currency. So by passing such a law...they may have potentially forced themselves to recognize bitcoin as an official currency.

I wonder how US will deal with considering Bitcoin a commodity when it is officially a foreign currency as well.


http://www.newsbtc.com/2015/12/13/bitcoin-atlantis-currency/

It actualy not a national currency since Portugal didn't reconized the site as a independent island. And to tell you the truth, Portugal will never grant independence to the island.

[Supercrypt]

So this small island off of Portugal, Principality of the Pontinha, has been a sovereign nation by royal decree since the 1400s. It has been handed down and changed hands a few times. The current leader has decreed that bitcoin is the nation's official currency.

This could literally kick off a lot of things. Bitcoin would officially become a foreign currency for all nations.

Equador, which is the only country to actually pass a law banning Bitcoin (which the law only banned Bitcoin from running on its banking network) had a stipulation that it would be recognized if it became a national currency. So by passing such a law...they may have potentially forced themselves to recognize bitcoin as an official currency.

I wonder how US will deal with considering Bitcoin a commodity when it is officially a foreign currency as well.


http://www.newsbtc.com/2015/12/13/bitcoin-atlantis-currency/

yes i also think that this is really good news,bitcoin start it expansion,start accepted on whole some countries,and now become national currency,i dont fully trust this,because i think this article not give enough proof,but anyway i hope bitcoin more greater this year.

Yes, even though OP does not provide any proof, I'm also so excited on hearing such a news. Bitcoin price is now a days staying stable as other currency, so I think it'll be a foreighn currency like USD/EURO.
Its a electronic currency and so we can expect more adaptability and big advantageous for purchase or use as currency.

[knowhow]

Soo the new owner of those island will rule and accept bitcoin and declare it a currency,when will we see what will happen ,but there is something to spend some comerce or just one house to holidays?

[Hippie Tech]

Century of Enslavement: The History of The Federal Reserve --> https://www.corbettreport.com/federalreserve/

The similarities between this and today's cryptoFIAT movement are disturbing.

[Mr. Forum]

I can see that the bitcoin is spreading and to me it wont come as a surprise to see that the bitcoin is being used all over as an official currency. It is the dream I have always had and am so hoping that it will come to pass soon than later.

[Imoote]

I can see that the bitcoin is spreading and to me it wont come as a surprise to see that the bitcoin is being used all over as an official currency. It is the dream I have always had and am so hoping that it will come to pass soon than later.

Yes probably if no country is willing to make bitcoin as a currency of the country that may occur.
But must be made in the currency bitcoin to meet the requirement that a currency must have the form as a medium of exchange

[expert4knowledge]

I can see that the bitcoin is spreading and to me it wont come as a surprise to see that the bitcoin is being used all over as an official currency. It is the dream I have always had and am so hoping that it will come to pass soon than later.

Yes probably if no country is willing to make bitcoin as a currency of the country that may occur.
But must be made in the currency bitcoin to meet the requirement that a currency must have the form as a medium of exchange

Bitcoin can be a national currency for countries that are about to be bankrupted and their national currency having downfall.

[Dux2K]

I can see that the bitcoin is spreading and to me it wont come as a surprise to see that the bitcoin is being used all over as an official currency. It is the dream I have always had and am so hoping that it will come to pass soon than later.

Yes probably if no country is willing to make bitcoin as a currency of the country that may occur.
But must be made in the currency bitcoin to meet the requirement that a currency must have the form as a medium of exchange

Bitcoin can be a national currency for countries that are about to be bankrupted and their national currency having downfall.

Not need to be case but one off possible scenarios and might happend to any country

[Preclus]

Nobody lives there, it is not a county, it is a rock a guy bought for 25,000 euros (likely much less, that was the offer price). The guy who bought it declared it a country himself and declared himself a prince. Nobody else recognizes it as a country and nobody cares because there is nothing there but a rock. The story:

http://www.theguardian.com/lifeandstyle/2014/nov/14/experience-i-founded-my-own-country

[Preclus]

Bitcoin can be a national currency for countries that are about to be bankrupted and their national currency having downfall.

No, bitcoin can't be a national currency for countries that are about to have their currency wiped out. Zimbabwe switched to the US dollar when its currency failed and was able to borrow US dollars to do it. They are now trying to switch back their own currency because they want control over their own currency.

If Zimbabwe's own currency fails, are you going to lend billions worth of Zimbabwe bitcoins to use as a currency? How exactly would the people of Zimbabwe, who had no money for computers, use bitcoins at all? Where are they going to get the bitcoins to use as currency in the first place? And do you think they would be OK with using a system where an anonymous hacker could steal all the government's money overnight or some hard fork done by China made it all worthless? And that's just the start, the list of reasons it would never be done is almost endless.

[c0ffer]

Bitcoin (capital 'B') can not be an effective national currency nor should it become one.

[gilangIDR]

if bitcoin into the national currency means the currency that existed previously will be little used. and the effect of the currency will be eroded its value.