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Author Topic: BTC as a national currency?  (Read 12196 times)
knight20
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April 08, 2018, 02:18:50 PM
 #901

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?

 What county will adapt and embrace that bitcoin should be their national currency. Although it is a good Idea, but do you think the people of that specific will agree that their local currency will be replaced by bitcoin. Maybe in other country but we don't know if there will be.

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April 08, 2018, 02:23:34 PM
 #902

No. Absolutely not..If you read back into the the history of money, this becomes very clear. What we call “money” is the means of exchanging value within an economic context. An economic context is a country. The organization created to define the rules within a country we call “government”. So quite logically, the role of government is to define money.Our predecessors tried and abandoned quite a lot of alternatives. If you want to use an old form as example, you are arguing for what those who came before discarded, as it did not work well.We live in an unusual time. In my lifetime “money” was like air - it just worked.Reading back into history, mostly “money” was very often a problem. The notion clearly had value, as folk for reason have been trying different schemes for centuries.Will national governments someday adopt use of cryptocurrencies? Yes!But there is absolutely no reason to adopt any of the current crop. A national government will take the underlying algorithms, make allowance for the laws of the country, and cook up a new cryptocurrency to exact fit.Which makes Bitcoin a collectible, like stamps or beanie babies. Nothing else.
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April 15, 2018, 10:26:51 PM
 #903

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?

 What county will adapt and embrace that bitcoin should be their national currency. Although it is a good Idea, but do you think the people of that specific will agree that their local currency will be replaced by bitcoin. Maybe in other country but we don't know if there will be.
I believe that bitcoin can completely become a national currency if accepted by these countries in the payment and financial system of their country. There are many bitcoin transactions in the world everyday and everything is easy, safe and secure.

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April 15, 2018, 10:32:33 PM
 #904

the answer is definitely NO, because no country will want to change their current payment system with bitcoin.
what's more, it's about transaction costs in every you want to use bitcoin. think about it
so the answer is IMPOSSIBLEGrin
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April 15, 2018, 10:33:00 PM
 #905

BTC has many limitations and high risk. BTC's limitation is that the government can not control all cash flow. Some countries have poor access to BTC. So I think it is not possible to make BTC the national currency of the country.
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April 16, 2018, 02:57:02 AM
 #906

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 impossible for the state to claim or make btc into the national currency, the question is which country dare to claim it?
if any country dares to make or formalize it as the country's currency, it should benefit the first inventor, it is very unfair without us knowing who finds the btc and who finds it not given royalty
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April 16, 2018, 02:58:39 AM
 #907

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 it will happen.Because all the state will not agree to replace their currency with bitcoin
the country's currency will not be replaced. but for the payment of natinya there may be a bitcoin option. many think that bitcoin will become the currency. but actually it is very difficult. every country would be opposed


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April 16, 2018, 03:01:03 AM
 #908

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 it will happen.Because all the state will not agree to replace their currency with bitcoin
the country's currency will not be replaced. but for the payment of natinya there may be a bitcoin option. many think that bitcoin will become the currency. but actually it is very difficult. every country would be opposed
I agree, besides fiat also has its own characteristics, and even has a history. replacing it with bitcoin will only create chaos in economic terms, I do not think this will happen. but, without that, bitcoin will still be developed.



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April 16, 2018, 03:13:18 AM
 #909

At present, BTC is still not a national currency. But with the current trend of development, just having internet is the easy way people pay for their services quickly and conveniently. In the future, I think BTC will soon become the currency of nations, helping their economies grow and become more modern.

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April 16, 2018, 03:56:02 AM
 #910

Already some countries are doing it, Venezuela is taking the first steps, although for the wrong reasons; but they point to that.
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April 19, 2018, 05:28:23 PM
 #911

Bitcoin is difficult to consider because of a big coin but it can not be a national currency. Each country has its own currency system. This way, doing bitcoin  nationalization is not just easy, it can be rowdy.

Yeah, It is impossible for every country to announce that bitcoin is its national currency. Now every country has own national currency and all over the countries  respect their national currencies then why any country need to make bitcoin as a national currency. But it will happen that any country's government allow to use it and invest on it, becasue few countries are ban it.   

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April 19, 2018, 06:01:33 PM
 #912

When we talking about bitcoin we should not making any centers because of decentralization of currency. National means centralized and controled by government at my opinion.

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April 19, 2018, 06:58:33 PM
 #913

When we talking about bitcoin we should not making any centers because of decentralization of currency. National means centralized and controled by government at my opinion.
that's why If we talk about the legalization of the crypto currency, then their control will also be carried out. The government has never given the chance to develop to its citizens, receiving superprofits and not paying taxes at the same time.

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April 21, 2018, 11:41:11 AM
 #914

Bitcoin cannot be like other national currencies. But that is what makes it stronger and unique hence cannot be manipulated for corruption and other similar evil activities.

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April 21, 2018, 11:55:55 AM
 #915

Already some countries are doing it, Venezuela is taking the first steps, although for the wrong reasons; but they point to that.

I don't think that Venezuela would do that. Bitcoin is a digital currency, a decentralized one, if a country will be using that, that means its economy will be dependent on a decentralized and a volatile digital currency and that is a big problem. Whales will be able to control that country, that is horrifying.

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April 21, 2018, 12:07:08 PM
 #916

No one country can claim bitcoin as their currency. Bitcoin is decentralized and the data spread all around the world. But I am believe bitcoin can be internet currency like twitter ceo said because bitcoin already known by many peoples in the world


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