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Author Topic: Digital currencies in future if btc and alts centralised.  (Read 431 times)
virusasog
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September 18, 2016, 04:18:04 AM
 #1

If bitcoin becomes centralised currency means which country will adopt bitcoin as their national currency?

Please share your views to know the bitcoins future national currency like USD- USA. and which countries and all make alt coins as their national currency and what are they?
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Senor.Bla
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September 18, 2016, 07:22:11 AM
 #2

If bitcoin becomes centralised currency means which country will adopt bitcoin as their national currency?

Please share your views to know the bitcoins future national currency like USD- USA. and which countries and all make alt coins as their national currency and what are they?

you need to be more precise with your question! bitcoin can only become centralized if one entity owns 51% of the hash power over some time. but this would most likely be the end of bitcoin. and with bitcoin dead i see no reason for it to become a national currency.

the other part of your post makes even less sense to me.   

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September 18, 2016, 09:27:57 AM
 #3

If bitcoin becomes centralised currency means which country will adopt bitcoin as their national currency?

Please share your views to know the bitcoins future national currency like USD- USA. and which countries and all make alt coins as their national currency and what are they?

Any country can adopt Bitcoin. But they cannot control it.
So the question of Bitcoin being centralized by a country does not arise.
The only threat of centralization is from mining pools.

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September 18, 2016, 09:32:42 AM
 #4

If it was centralised it wouldn't be Bitcoin any more. And any country adopting it as their national currency would throw away everything including the hard limit to the extent that there'd be nothing recognisable about it any more.

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September 18, 2016, 09:38:49 AM
 #5

If bitcoin becomes centralised currency means which country will adopt bitcoin as their national currency?

Please share your views to know the bitcoins future national currency like USD- USA. and which countries and all make alt coins as their national currency and what are they?
I think bitcoin is only can be adopted by government in every countries without has control it, and bitcoin keeps becoming the benchmark cryptos currencies although all of countries make altcoins and using them as national currency.
virusasog
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September 18, 2016, 01:19:59 PM
 #6

If it was centralised it wouldn't be Bitcoin any more. And any country adopting it as their national currency would throw away everything including the hard limit to the extent that there'd be nothing recognisable about it any more.


That's what here asking about bro. According to your speculation skill which country will adopt bitcoin as their national currency first. Say seem about alt coins like doge ltr and etc...
BingoDog
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September 18, 2016, 01:29:46 PM
 #7

If Bitcoin becomes centralized then it should have one centralized national bank and recognized by governement. But Bitcoin was made with the purpose not to be controled by one financial institution, not to be centralizes and to be available to everyone. Centralization would mean the end of Bitcoin in its original sense.
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September 18, 2016, 01:32:19 PM
 #8

i can still no sense if bitcoin or alts will be centralized the main purpose and the popularity of being anonymous will be broken and for me it will impact to current price and bitcoin currency will slowly going to die because of personal reason by its users.

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gentlemand
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September 18, 2016, 01:52:47 PM
 #9

That's what here asking about bro. According to your speculation skill which country will adopt bitcoin as their national currency first. Say seem about alt coins like doge ltr and etc...

Not a single one.

Ever ever ever.


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September 18, 2016, 02:10:03 PM
 #10

If bitcoin becomes centralised currency means which country will adopt bitcoin as their national currency?

Please share your views to know the bitcoins future national currency like USD- USA. and which countries and all make alt coins as their national currency and what are they?

Bitcoin can be used anywhere, so bitcoin don't need to be their national currency because bitcoin is global currency.

Government might legalize and regulate bitcoin, maybe taxes and control merchants/exchange which accept bitcoin as well.
But, i'm sure they won't make altcoin but adopt blockchain technology for banking or trading instead.

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September 18, 2016, 02:24:33 PM
 #11

I think you haven't understood bitcoin fully, bitcoin can't be centralized but you are correct that some countries may develop their own centralized blockchain based coins and may adopt them as their national ecurrency however that will be not even closer to what bitcoin is or what bitcoin is developed for.

And i don't think any country will adopt bitcoin in the way it is as national currency because they can't track bitcoin and will not be capable to apply tax on it. But in future most of the countries may allow bitcoin transaction and try to regulate them during exchanging or using in shopping centers.

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September 18, 2016, 02:25:21 PM
 #12

I Think this is away to Any country can adopt Bitcoin

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aizzaku
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September 18, 2016, 02:31:47 PM
 #13

See i dont know about future but right now i would say those countries which are more into cashless currecny like few in the europe might be the first ones to adpt this. but for the rest its really hard to say if they will ever

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September 18, 2016, 02:38:20 PM
 #14

You need to throw in more clarity to your question. I don't think it make sense for any country to adopt bitcoin as their national currency. They will develop their own digital currency as we have heard Russia and Japan is planning to do so. It's not very easy to centralize bitcoin. People will use bitcoin and Governments can tax bitcoin and allow bitcoin to be used in transaction. I guess that's it.


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