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Author Topic: BTC as a national currency?  (Read 12093 times)
darewaller
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December 30, 2017, 08:46:17 AM
 #721

No, because the national currency is a Dollar not bitcoin because the bitcoin is this is an altcoin that is taken on the internet because of this via the internet we get a bitcoin this bitcoin is a huge amount it is only secretive to know i think the bitcoin not include national currency because any country illegal it is with them.
That point doesn’t really add up to something that makes some sense, cause you can’t just say that Bitcoin can’t be National currency just because it is called Bitcoin. Nope, there are reasons for it, and there are qualities of a true currency that Bitcoin, which are even many. Bitcoin doesn’t have a physical form, next it is decentralized and shouldn’t be considered as the currency of a country.


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carodupuis
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December 30, 2017, 01:04:27 PM
 #722

Bitcoin is a digital currency.you can use Bitcoin globally.
Yeah bitcoin has the maximum potential to be adopted as national currency and bitcoin will bring huge development and business in that region and more of it bitcoin will give more fame to that region as well and there are more room of profit in that region and most of companies will shift their head office in that country because at bitcoin region business will grow more and on top of it economy of that region will always be high,

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December 30, 2017, 01:16:18 PM
 #723

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?
Not possible because of the limited supply of Bitcoin. Also, there are still many issues concerning bitcoin like accessing it offline, the people to control it, regulations and others, are need to be addressed. Not all people has the internet connection so as not all humans know how to use computer.m

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December 30, 2017, 08:57:52 PM
 #724

Bitcoin is a digital currency.you can use Bitcoin globally.
Yeah bitcoin has the maximum potential to be adopted as national currency and bitcoin will bring huge development and business in that region and more of it bitcoin will give more fame to that region as well and there are more room of profit in that region and most of companies will shift their head office in that country because at bitcoin region business will grow more and on top of it economy of that region will always be high,

There is absolutely no chance for that to happen, except may be in some very minor states. Bitcoin is only backed by us, the people who believe in cryptocurrencies and are willing to accept it as money,
Magnum Cryptopus
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December 30, 2017, 09:02:43 PM
 #725

By definition, cryptocurrency was created to bypass states and border limits, so a national crypto doesn't make any sense.
Cryptoforus Columbus
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December 30, 2017, 09:15:30 PM
 #726

To be a national currency, there should be a central bank to control the system; this is against the core concept of bitcoin, that is decentralization
Quesdana
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December 30, 2017, 10:21:32 PM
 #727

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?


There is really a possibility that bitcoin will be a national currency if the government in the specific country will allow it because nowadays it is already very known to public that bitcoin can help people earn extra money bigger than the usual they will receive in a corporate company they are working.

darkangel020716
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December 30, 2017, 10:41:00 PM
 #728

i hope it would become but in reality many government official against in bitcoin why? because it would lessen the people who use their paper money and it would lessen the money that they would corrupt thats how government think and some country ban with bitcoin because they can't control the bitcoin by itself if would be implement in our country i would be one luckiest person alive

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December 30, 2017, 10:47:40 PM
 #729

I think no country will allow to replace their current currency right now. No matter how successful the bitcoin could, I don't think its possible to make bitcoin as a national currency.
Correct as you said no country allow to replace their exisiting national currency right now, because until now still so many countries in the world have not accepted it yet. Aside from that I think bitcoin need to be legal in all country before they become as national currency. For now as my own opinion needs more time to accept as a national currency.

cryptokitty
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December 30, 2017, 11:52:59 PM
 #730

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 is possible

Mr.Junker
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December 31, 2017, 02:34:32 AM
 #731

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 bitcoin can't or could not be currency National or currency of the world. this time bitcoin not yet payment instruments common throughout the world. the majority of the state still not set it. in fact, many regulations kill bitcoin with prohibit bitcoin circulating in a state. this time bitcoin still be enemy for banking the world. they fear increase the value of bitcoin high. maybe in several years technology blockchain adopted by crypto can be applied in banking and will be able to make bitcoin recognized all countries.

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December 31, 2017, 02:41:57 AM
 #732

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 don't think so, because the government will not approve it. However, bitcoin is the digital currency and a valuable asset, its nature is also fluctuating. It will complicate transactions, especially for market. They will be difficult to fix the price if the bitcoin value up and down can not be predicted.

racistyui
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December 31, 2017, 05:11:54 AM
 #733

it hardly can be national currency in my country. Because the government still cant control it and this is new and high risk

BitcoinLoan
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December 31, 2017, 05:57:28 AM
 #734

it hardly can be national currency in my country. Because the government still cant control it and this is new and high risk

If the condition for that cryptocurrency become an international currency is that it should be controlled by the government, then none of them will ever be - the reason is simple - cryptocurrencies are decentralized and can not be controlled.

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Rufsilf
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December 31, 2017, 06:37:53 AM
 #735

Bitcoin will not be a national currency because its supply is so little and it is designed to be used by any person in this world and not just a currency of a country so i really think that bitcoin will not be a national currency since there is already some of the countries that designed their own national currency.

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Ulan01
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December 31, 2017, 08:53:55 AM
 #736

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 do not think so, because after all the popularity of bitcoin is so wide, yet every country has its own currency. and the community prefers daily expenditures in the currency of the country. because the bitcoin value is too high for everyday shopping.
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December 31, 2017, 09:17:25 AM
 #737

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 do not think so, because after all the popularity of bitcoin is so wide, yet every country has its own currency. and the community prefers daily expenditures in the currency of the country. because the bitcoin value is too high for everyday shopping.
It can be a national currency but only as a virtual currency not as physical, just can use though remitting money from one country to another but it cannot replace dollar or any local currency, they will still exist and bitcoin will just added to it. Yes bitcoin cannot use for shopping as people will prefer money to use as payment rather than their bitcoin.

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December 31, 2017, 06:34:40 PM
 #738

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 doubt it. Since each country has their own fiat money, and since bitcoin can't be controlled by the government, government won't agree to it and threat to banks. I think BTC currency will stay as a virtual currency.

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December 31, 2017, 07:40:45 PM
 #739

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 doubt it. Since each country has their own fiat money, and since bitcoin can't be controlled by the government, government won't agree to it and threat to banks. I think BTC currency will stay as a virtual currency.

The increase in price of bitcoin day to day clear your thought .Because the price of bitcoin is raised to 19k$ from 1000$,it was great change.After this price change,many country start to accept bitcoin.I was dam sure bitcoin will became a national currency,but it takes some years.If all the country in this world accept bitcoin,this will occur very easily.

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January 01, 2018, 07:26:11 AM
 #740

I think it has many due process before it was btc became national currency implement.Every country has its own fiat and many people are using it ,it is their traditional using their own fiat money.Bitcoin was only a virtual currency but because of its importance to many of us its value still increasing day by day,and if the digital currency became stable stable its price has no value to us.
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