Amph
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February 15, 2016, 08:16:05 AM |
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i doubt this will be the case for any advanced nation, maybe for those poor nation like zimbabwe or nation with corrupted government
or nation that are a joke like liberland, for all the strong one it will be almost impossible to expect it
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enhu
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February 15, 2016, 08:33:33 AM |
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You'd have to refine your question. Bitcoin is already a national currency. Pontinha recognized it as a national currency back in 2015 (they're very small, located off the shore of Portugal). I don't think that some big country would declare Bitcoin as their national currency and especially not in 2016. The price is not stable enough to act as such. I wonder how it went in Pontinha and how are the banks located in that place. 2026 may be different from what it is now and if government sees what good can bitcoin do. And since bitcoin can be traced, this will probably help corruption in the government. Bitcoin may not be national currency for each country but probably chose any altcoin. |
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QuintLeo
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February 15, 2016, 08:33:44 AM |
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Probability ZERO for any country (you didn't mention WHICH nation, but it really doesn't matter).
Nations like to have control over issuing their currency, after all - the EU is an abberation.
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I'm no longer legendary just in my own mind!
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MaritiJames3
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February 15, 2016, 10:09:54 AM |
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i doubt this will be the case for any advanced nation, maybe for those poor nation like zimbabwe or nation with corrupted government
or nation that are a joke like liberland, for all the strong one it will be almost impossible to expect it
Its possible for sure, everything is gonna be digital in the future plus the bitcoin has this already so it would be pretty stupid to not use it. I'm thinking that there will be a global digital currency but not with the bitcoin but it an other digital currency in the later days. |
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Elwar
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February 15, 2016, 10:34:57 AM |
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It will be an official national currency, but not in a nation that currently exists.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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MaritiJames3
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February 15, 2016, 10:43:00 AM |
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It will be an official national currency, but not in a nation that currently exists.
I disagree, It will be a national currency by that year, but its also pretty unpredictable because maybe the bitcoin will not exist anymore, the digital currency is the future. I'm thinking that there will be a another currency by that time that will take over the world. |
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SFR10
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February 15, 2016, 11:02:00 AM |
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I doubt, even by that year (2026) to claim a label "National Currency" since the government itself, won't let this to happen as much as we like to. However I do believe that it will be replacing US Dollar in terms of most exchange currency in most countries and that would be good enough.
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Lauda
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Terminated.
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February 15, 2016, 11:40:07 AM |
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You'd have to refine your question. Bitcoin is already a national currency. Pontinha recognized it as a national currency back in 2015 (they're very small, located off the shore of Portugal). I don't think that some big country would declare Bitcoin as their national currency and especially not in 2016. The price is not stable enough to act as such. I wonder how it went in Pontinha and how are the banks located in that place. Why are you posting when you didn't even read the article that was linked? Pontinha: There are four citizens: me, my wife, my son and my daughter
There are no banks. I doubt, even by that year (2026) to claim a label "National Currency" since the government itself, won't let this to happen as much as we like to. However I do believe that it will be replacing US Dollar in terms of most exchange currency in most countries and that would be good enough.
If it gains more stability then why not. It would certainly perform much better than certain currencies. As an example go look up the exchange rate of the Venezuelan bolívar. |
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randy8777
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February 15, 2016, 12:22:46 PM |
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It will be an official national currency, but not in a nation that currently exists.
do you expect a new nation to pop up within let's say 20 years? i don't think so. maybe there will be a small island with around 1000 citizens where they change to bitcoin as currency, but not more than that. |
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Redrose
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February 15, 2016, 12:24:21 PM |
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Frankly, I don't see this as impossible. A little touristic archipelago could do it to boost his touristic attract, and it will surely work.
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BruceLee007
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February 15, 2016, 01:19:06 PM |
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no, it maybe alternative, but not main national currency globaly, people wont change euros or$ for them
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QuintLeo
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February 16, 2016, 09:04:53 AM |
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I see it as impossible, as no country is going to adopt a currency they have essentially ZERO control over.
I see it as very faintly possible that some country will adopt a digital currency, and it even might be based loosely on Bitcoin technology, but it will NOT be Bitcoin.
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I'm no longer legendary just in my own mind!
Like something I said? Donations gratefully accepted. LYLnTKvLefz9izJFUvEGQEZzSkz34b3N6U (Litecoin)
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Funny
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February 16, 2016, 09:12:20 AM |
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Bitcoin cannot be owned by a nation, so it's impossible for it to become a national currency. But wider adoption and use? Definitely yes.
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gregyoung14
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February 16, 2016, 09:13:18 AM |
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Bitcoin cannot be owned by a nation, so it's impossible for it to become a national currency. But wider adoption and use? Definitely yes.
Yep yep. Basically it's a neutral currency. But then again, 2026. That is 10 years from where we are now.. Who can really tell? |
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RariBest
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February 16, 2016, 09:36:03 AM |
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no i don't think that one of the big nation on the world will adopt bitcoin as national currency, bitcoin for the moment need fiat to be alive
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Bitrated user: raribest.
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Denker
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February 16, 2016, 11:57:28 AM |
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Well not officially I would say. But I could imagine a development where Bitcoin acts like a second currency just by being tolerated because a government in an african or south american country for instance knows they can not really ban it.
Something similar to M-Pesa in Kenya.
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Elwar
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February 16, 2016, 12:03:54 PM |
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It will be an official national currency, but not in a nation that currently exists.
do you expect a new nation to pop up within let's say 20 years? i don't think so. maybe there will be a small island with around 1000 citizens where they change to bitcoin as currency, but not more than that. A nation is a nation. There was no specification on size. |
First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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--Encrypted--
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hee-ho.
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February 16, 2016, 12:08:47 PM |
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probably. but only by very small nations like described above. by 2026 a lot more people will use bitcoin and some big nations will most likely try to find a way to regain control of their citizens' money.
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Dekker3D
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February 16, 2016, 12:11:12 PM |
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But the bitcoin price is highly volatile at times so it will be hard for everyone to use bitcoin as a national currency.
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Elwar
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February 16, 2016, 12:25:13 PM |
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But the bitcoin price is highly volatile at times so it will be hard for everyone to use bitcoin as a national currency.
The volatility has decreased dramatically in the past few years to the point that several nations have higher volatility. I suspect that by 2026 Bitcoin will be one of the most stable currencies in the world. |
First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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