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Author Topic: BTC as a national currency?  (Read 7718 times)
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August 21, 2017, 08:36:46 AM
 #141

Thats will be good if become national currency. Some country like japan and rusia (if im not forget, correct me if im wrong) already accept bitcoin. And hope it will accepted to another country. But if we see the prices isnt stable. So, for now it cant become national currency.

Only japan.
For Japan it may possible for  bitcoin can be a national currency because more japanese people know about bitcoin and already many places that received payment with bitcoin, but it seems not in the near future

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August 21, 2017, 08:59:58 AM
 #142

Bitcoin can be a perfect international currency, but not a national one.

Government needs way to control the economy, boost the export and in case of necessary, create inflation to get the money from people. With bitcoin Government has no control of money issuing, thus no control over money.

So I don't think any major nations will adopt BTC as main currency.
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August 21, 2017, 09:02:21 AM
 #143

Bitcoin can not be a national currency, because it is used anywhere in the world and its price does not depend on what is happening in a certain country. If it became a national currency, its value would be regulated by the activities of a particular country.
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August 21, 2017, 10:59:12 AM
 #144

So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?


A national currency for which country if I may ask? I don't see it happening, it may be used side by side with a countries local currency, but that is were it ends.
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August 21, 2017, 11:14:59 AM
 #145

So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?

Bitcoin is not owned by any country, so it will not become a currency for any country. However, like dollars, it can become the common currency of the world.

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August 21, 2017, 11:20:24 AM
 #146

So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?

I think not, it will never be a national currency of a single country in a reason that this country will lose its identity as a country, and Bitcoin already serve as a International currency digitally so there is no need to make it as a national currency I think it is pointless though, one of the main reason why the price of Bitcoin is high is because it is accessible worldwide, an attempt to make it a national currency of a country is so hard to think of.


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August 21, 2017, 01:46:03 PM
 #147

So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?

I think not, it will never be a national currency of a single country in a reason that this country will lose its identity as a country, and Bitcoin already serve as a International currency digitally so there is no need to make it as a national currency I think it is pointless though, one of the main reason why the price of Bitcoin is high is because it is accessible worldwide, an attempt to make it a national currency of a country is so hard to think of.
Even bitcoin is international, making it as a national currency is not possible because the supply of bitcoin is for the overall in the world and having a huge demand in a certain country will damage its distribution of its supply so it will be hard for bitcoin to be well distributed and i think it is better to just have their own cryptocurrency for their country.

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August 21, 2017, 04:18:09 PM
 #148

no it can't be many of the people doesn't know about bitcoins though the price of it is very high and bitcoin is so valuable but it doesn't mean that all of the people in the country can accept that, it will take time for sure.

that right  it will take the time but I do believe that one day bitcoin will become a national currency because bitcoin is now being a easy way of payment making it a national currency will take time but first of all bitcoin has to be acceptable by all the countries or at least it need to become the online payment service for more than half of the present countries then there is a chance for bitcoin to become a national currency.



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August 21, 2017, 04:43:27 PM
 #149

No boicoin is not a international currency. Because there are many country They do not accept bitcoin.Bitvoin is illegal for many country. But they don't know that bitcoin is very important for all us, we can make money form bitcoin

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August 21, 2017, 04:45:00 PM
 #150

Bitcoin is surely a great currency but making it national currency would not be possible at this stage i think.As you can see bitcoin is very volatile and hence not suitable to be a national currency.
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August 21, 2017, 08:09:18 PM
 #151

Thats will be good if become national currency. Some country like japan and rusia (if im not forget, correct me if im wrong) already accept bitcoin. And hope it will accepted to another country. But if we see the prices isnt stable. So, for now it cant become national currency.

Only japan.
For Japan it may possible for  bitcoin can be a national currency because more japanese people know about bitcoin and already many places that received payment with bitcoin, but it seems not in the near future
Why only japan make bitcoin his national currency, I mean japan don’t have high number of bitcoin, it seem like china make bitcoin as a national currency because china hold many bitcoin then any country have, and china make many payment through bitcoin and also china has ability to control bitcoin flow and manage its transaction and deposition with in a country.

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August 21, 2017, 08:21:29 PM
 #152

Thats will be good if become national currency. Some country like japan and rusia (if im not forget, correct me if im wrong) already accept bitcoin. And hope it will accepted to another country. But if we see the prices isnt stable. So, for now it cant become national currency.

Only japan.
For Japan it may possible for  bitcoin can be a national currency because more japanese people know about bitcoin and already many places that received payment with bitcoin, but it seems not in the near future
Why only japan make bitcoin his national currency, I mean japan don’t have high number of bitcoin, it seem like china make bitcoin as a national currency because china hold many bitcoin then any country have, and china make many payment through bitcoin and also china has ability to control bitcoin flow and manage its transaction and deposition with in a country.

I don't think bitcoin will be the national currency of country, because the bitcoin system is decentralized and has fluctuating price, and therefore it will certainly have significant change effect for the country if it uses as the national currency.

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August 22, 2017, 04:53:07 AM
 #153

I think it will not be a national currency soon, because it is decentralized and cannot control by anyone. When the government takes control on bitcoin many users will against it and it can affect the bitcoin prices. Because I think the government will think of a way so that they can also get profit from it and abuse it in anyway.

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August 22, 2017, 05:28:28 AM
 #154

So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?
i guess it is a no, bitcoin has so many problems that we can't see because the blockchain makes it easy to use, but if we use bitcoin as our national currency is impossible to announce,-- first the transaction ., the blockchain now will took too long time just to receive what we send.

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Alice Nuttal
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August 22, 2017, 03:09:14 PM
 #155

National currencies are regulated by the government. This is not what everyone wants from Bitcoin. Moreover this is the opposite from what Bitcoin is intended for. The main idea of Bitcoin is decentralization. And national currency has nothing to do with it.
Lyancy001
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August 22, 2017, 03:43:54 PM
 #156

Bitcoin should not be just a national currency, but a currency for all humans in the future. It should be a WORLD WIDE currency. Smiley

geniabelty
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August 22, 2017, 03:54:47 PM
 #157

So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?
Definitely No, Why? Bitcoin is not yet legally accepted worldwide. Plus, once it became the national currency most likely the identity of all the users will be exploit and the transactions would be tract. Which is quite a disadvantage for those who wanted to have a total control on their own income via Bitcoin. Laws and Regulations would surely be implemented and all of the citizens accounts would probably be at stake from outside attacks. Since Bitcoin is a digital currency once the identities of a person is exploit it's an easy target for the hackers to rob those people who have the highest amount of coins in their accounts.

MarconyGL
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August 22, 2017, 03:59:32 PM
 #158

Bitcoin can not be a national currency, because it is not tied to any country, it is an independent currency or even more like an investment with currency capabilities.

basyang
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August 22, 2017, 06:21:48 PM
 #159

So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?


    I think it will not, bitcoin is starting to grow beside it is not accepted in many countries, so as of now we can not say that bitcoin will become a national currency. Also its price is not stable and its hard to predict its value. Now the price of it will High and later on it will low. For me, before it will become a national currency it will usually a predominant used for most transaction in a country.

Qartersa
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August 22, 2017, 06:43:42 PM
 #160

So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?

It won't happen, like ever. No government will want to change their national currency to something like bitcoins. Governments need control over the currency their citizens use. So if they do not have control then they will not be able to regulate their economy. There should be really a balance in an economy. If the market decides the economy then that would be very chaotic.

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