BTC as a national currency?

[hakata_sio]

I think that it can be used as a currency sufficiently if something too expensive commissions and too slow remittance speeds

[1714852020]

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[plasmafrog75]

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 has really grown very well over the years, but in the meantime it has not grown at all, only one level, which makes many people fear the fall of Bitcoin, but that's not possible. In the future, if Bitcoin develops, it will surely be developed by the nations and made a currency

[Granxis]

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.

Each country may be its own currency, but european countries use the euro currency, so one day the whole world can use a single currency. This currency may not be Bitcoin, only theoretically possible.

[Hosam Mazawi]

not ready yet, but possible 

[Virtual miner]

Btc can never be a national cuurency. National currency is a currency owned by a nation while btc isnt owned by anyone. So technically it can never be a nationsl currency.

[Potatohead]

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 if this will happen, government will not allow it because the reason why countries are using different denominations and currency is to determine the economic standing of a country. It's still good to have fiat money because there are advantages of using it compared to using bitcoin.

[WannaCry]

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'll be hard for our country to have bitcoin as our national currency. It isn't legal here yet and almost 95% of our population have no any idea about cryto currency. There are also people who can't access the internet. Transactions will be hard for us because the internet connection here in our country is unstable and weak. There are lots of things to be considered.

[finzyoj]

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 will not anymore become national currency. It is digital currency, yes it beneficial in some user but I think not in the society it is because I'm sure some people use this in illegal transaction that cause of bad image of crypto-currency.

Even the volume are increasing, the fiat money can not replace by bitcoin, the popularity of fiat is high than the digital currency.

[L00n3y]

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?

Possible to a progressive country like Japan but for underdeveloped countries i say no. See one problem for underdeveloped countries is accessibility with bitcoin. Not everybody in a poor country can have the technology to avail bitcoin therefore general acceptability is not present.

[libertyprimeus]

It's really impossible things. Global payment is the main feature of Bitcoin so it's impossible for Bitcoin to become a national currency.

[tats14]

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?

Maybe yes or maybe no, but for my own opinion, bitcoin can become a national currency and it is not possible and it is impossible, when bitcoin become a national currency well why other people not using bitcoin can be? can their life could be so easy?

[Kolly]

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?

Possible but it would take a long period before it would happen specially on poor countries. The poor can not just afford to buy the technology to engage with bitcoins much more can they afford the prices of bitcoin.

[Xanxus024]

No, Its not going to happen and beside bitcoin is not yet legal and not yet ban. Bitcoin works with internet connection so without internet you cannot used bitcoin, the fact that you cannot used bitcoin as national currency because bitcoin has no physical form and not all people know the existence of bitcoin so for me it is impossible to make bitcoin as a national currency.

[nightfury]

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 there is a possibility that bitcoin can be a national currency or it may also go the other way around. Because of its advantages over fiat, government may finally utilized it and made it a national currency for good. But on the negative side of bitcoin, government may also be the first to oppose the use of bitcoin because it's decentralized, and of course, a perfect tool for criminals to commit crimes.

[Rufsilf]

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 there is a possibility that bitcoin can be a national currency or it may also go the other way around. Because of its advantages over fiat, government may finally utilized it and made it a national currency for good. But on the negative side of bitcoin, government may also be the first to oppose the use of bitcoin because it's decentralized, and of course, a perfect tool for criminals to commit crimes.

There is no possibility for bitcoin to become a national currency because if it is possible then the people or the government already adopted bitcoin to their system but as you can see that bitcoin is not being accepted as a national currency because there is a lot of problems if they do like the fees that are extremely high and even though you will just spend 10 dollars then you will be paying more unlike the fiat currencies that are well regulated. Accept the fact.

[mharz]

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 there is a possibility that bitcoin can be a national currency or it may also go the other way around. Because of its advantages over fiat, government may finally utilized it and made it a national currency for good. But on the negative side of bitcoin, government may also be the first to oppose the use of bitcoin because it's decentralized, and of course, a perfect tool for criminals to commit crimes.

There is no possibility for bitcoin to become a national currency because if it is possible then the people or the government already adopted bitcoin to their system but as you can see that bitcoin is not being accepted as a national currency because there is a lot of problems if they do like the fees that are extremely high and even though you will just spend 10 dollars then you will be paying more unlike the fiat currencies that are well regulated. Accept the fact.

I agree that if the government adopted bitcoin in each community, there's a possibility that bitcoin will become national currency in the future. I think due to good condition of bitcoin in the market they have a capacity to surpass physical money in the community.

In addition, more people now are using crypto currency in the whole world.

[dx_twisted]

One of Bitcoin's features is being decentralized, which means no entity, any sector of society or government agency that controls it. It is a digital currency that is free to use and you have the freedom to decide what do you want to do with what you have. So I doubt that it will ever happen. Even if it's not yet official, BTC being the pioneer of cryptocurrencies, is now being considered as the face of digital coins. Hence, world-wide used currency and I do think it's being close to be a world currenct, since no nation or country ever got a hold to became its property.

[Makak4R]

in fact, I can't see bitcoin becoming a national currency. Ever. How it's even possible? the emission of bitcoins has to be controlled by government!  So right now there are many issues for any country trying to adopt bitcoin as 'their' currency. Governments, you know normally have control over the supply of their own currency, cause they can use this as a tool to manipulate and control the economy where and when necessary. This would not be possible with bitcoin. Furthermore bitcoin is very volatile which would not suit the needs of a country looking for a suitable currency. So i think it is more as asset..

[fabrizoc]

I think the US government is developing its own cryptocurrency right now, which might become a national currency

National currency will be accepted by a country when there are large number of people follow the same currency and I think bitcoin is not still at that stage but it is more possible that bitcoin will cross this target and will become national currency.

The Btc problem today is not the scarcity of currency but the high rates and the overhead in its transactions so that a country adopts it as currency would have to solve all those problems that it has today. On the other hand the difficulty of obtaining btc would not be so much because the currency works quietly fractioned, then would give to use it in the day normally, besides facilitating the payment of accounts inside and outside the country.

[Sengoko]

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 it will ever become a national currency, there's too much volatility and the ever increasing price is not good to be used as a national currency. Furthermore it is decentralised and so supply cannot be used to influence the economy.

The volatility is because it cannot be controlled and over time, I believe this volatility will reduce which I am sure of. However, government benefit a lot from the control of their currency and which is why the corruption level in the society will never make them give up control.

Sure, they know there is nothing that can be done to stop bitcoin which is why they will regulate the usage and one way or the other makes use of the exchanges for their benefits.