BTC as a national currency?

[amaral1977]

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?

The economies as we now it rely on several stuff, one of them being the cotrol of their monetary policy. Usually this is made made national central banks in most countries, federal banks as in the US and multinational central bank as in the EURO zone. For a counstry to adopt BTC we would have to see some major cange in our economic principals our a country having a currency so week that it would see some kind of advantage in BTC.

[killerfrost]

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 could become the currency of a country, perhaps it is Japanese. Just like the dollar, which is used all over the world, it belongs to the United States and you can not deny that it needs a strong economy to take control of it. Bitcoin, too, so that only really powerful countries can control and manage these currencies.

[ferdaus]

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.

[umbara ardian]

obviously not because the national currency is unlikely to be replaced. I think bitcoin will be a tool of exchange in every country if they work in another country and they want to exchange to their local money this will make it easy if to replace currency I think it is impossible.

[Freddie Aguiluz]

For me, its a no. Many countries nowadays have common problems, the poor and homeless people in the streets. We can't make bitcoin as the national currency if there are a lot of people still don't have food to eat, no home to live in and no access to the internet. How can they get money. But for me maybe it is a good thing to make the bitcoin a currency, there will be no thief, no hostage taking and no robbery if bitcoin become currency.

[jc89]

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's no chance btc can become a national currency. Why? It's because first of all, there are the banks who would protest and of course the government will definitely won't allow it. The threat of money laundering is always present with btc and that will always be the case that the govt will reason out. And besides they have no power over btc. They cannot control it and iy can also be used by politicians who don't wish to share their net worth most especially if they are involved in illegal transactions.

[hisuka]

Nowadays bitcoin have become popular nationwide but as national currency it is hard to implement. I agree with others that how about the poor they can cope up easily with the technology if bitcoin would be use as national currency. So, it is not easy that btc as a national currency because a lot of things to be consider.

[novhitadaloma]

Bitcoin can not be made in the national currency, because the government in my country is limited to monitor the development of bitcoin.

[dewi91]

that's great if bitcoin can be national currency but in my country, the goverment not admitted bitcoin yet as a means of payment. so difficult for bitcoin can be national currency in my country. maybe if many countries accept bitcoin as a legal payment, bitcoin become legal in my country..

[gameK]

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's no chance btc can become a national currency. Why? It's because first of all, there are the banks who would protest and of course the government will definitely won't allow it. The threat of money laundering is always present with btc and that will always be the case that the govt will reason out. And besides they have no power over btc. They cannot control it and iy can also be used by politicians who don't wish to share their net worth most especially if they are involved in illegal transactions.

But there is any chance, example like after any kind of hardfork, it's become crypto currency that belong to some only in one nation. That could be happen any chance? And if it happen what things will happen besides?

[Nascor]

BTC definely not.. it's "decentralized" and the government wouldn't have any control over it. We might witness a digital currency, but it will definitely be issued by the government itself. They need to have the ability to adjust the supply depending on how the economy is growing (increase/decrease in inflation, liquidity etc.)

[Red Fish]

Bitcoin can not be national currency, because not all people use computer. I do not know any world country, where all people use computer. The second problem is that good & fast Internet coverage is not in 100% places, even in most developed countries. In Swiss or French Alps, for example, can be problems, especially in winter time. 

[nrvasquez]

I do not think that's possible. as we know that not everyone supports bitcoin and it also depends on the ability of its human resources, whether it is applicable or not.

[BarbieCasino]

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.

It could be difficult for the people like us but not for everyone because it is being use in a lot of the countries as the national currency so it is not very difficult the importance of the bitcoin is known by a lot of the people now and they knows how profitable it is to invest in the bitcoin for the long time and it is the best thing to save for the long time.

[tabas]

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.

It's not going to happen and I doubt it that bitcoin will become a national currency because it is decentralized and the gov't will never get that adoption for real. They can treat bitcoin as alternative currency but it will never be called as a national currency and it's not even physically generated so it's impossible to see in the future that bitcoin will be a national currency, unless you are at a bitcoin community.

[d1ceplayer]

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's no chance btc can become a national currency. Why? It's because first of all, there are the banks who would protest and of course the government will definitely won't allow it. The threat of money laundering is always present with btc and that will always be the case that the govt will reason out. And besides they have no power over btc. They cannot control it and iy can also be used by politicians who don't wish to share their net worth most especially if they are involved in illegal transactions.

But there is any chance, example like after any kind of hardfork, it's become crypto currency that belong to some only in one nation. That could be happen any chance? And if it happen what things will happen besides?

That may be possible in next five to six years and the countries who are been predicted to do so are japan and Singapore, because at the present moment these two countries are making more profit from bitcoin as compare to any other region of the world and anyone who will declare bitcoin as national currency will lead the world due to its economy factor and everyone wants to enter bitcoin country.

[RamBahadur.Gurung]

It is a long shot. Which country will declare Bitcoin as a national currency? In order to do that, they need to mint Bitcoin metal coins and Bitcoin banknotes. And it will be very difficult, since Bitcoin is a digital asset. Another issue is the availability of the internet.

[Gaos]

It is a long shot. Which country will declare Bitcoin as a national currency? In order to do that, they need to mint Bitcoin metal coins and Bitcoin banknotes. And it will be very difficult, since Bitcoin is a digital asset. Another issue is the availability of the internet.

The difficulty is not whether there will be access to the Internet. The difficulty is that this currency can not be predicted and controlled. For this reason, bitcoin can not become a national currency. The economy is not ready for this

[Bolt Brownie]

It is a long shot. Which country will declare Bitcoin as a national currency? In order to do that, they need to mint Bitcoin metal coins and Bitcoin banknotes. And it will be very difficult, since Bitcoin is a digital asset. Another issue is the availability of the internet.

The difficulty is not whether there will be access to the Internet. The difficulty is that this currency can not be predicted and controlled. For this reason, bitcoin can not become a national currency. The economy is not ready for this

I agree with you and to be honest I don't even think bitcoin will ever attempt on being that. It simply wasn't made to be a national currency, because it's suppose to be decentralized, and not controlled by any government. To be national, is to be centralized and controlled, and bitcoin will never be that. So I guess that bitcoin can attempt to become global decentralized currency, that is much better than to be a national currency.

[Unplugged]

Making BTC as a national currency might put that country at risk. The price of bitcoin rest solely upon is users. As they describe it, bitcoin is bubble. If suddenly bitcoin's price start going down up to 0, then you exposed that country to all kinds of danger. Chaos, war and confusion will cripple in, more and more people will feel the panic and before the news spreads death is already at the door knocking.