BTC as a national currency?

[Urbanbypas]

The national currency is issued centrally by the main bank of the country. Therefore, based on the principle of decentralization cryptocurrency can not be national. In addition, such high volatility will not allow the economy to function normally.

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[Leane Lee Natividad Cuenc]

I donth think so that the BITCOIN WILL BE A NATIONAL CURRENCY IT BECAUSE YOU CAN DEAL ONLY BITCOIN WHEN YOU ARE ONLINE OTHERWISE YOU CANT DO ANY TRANSACTION...

[Purno99]

bitcoin is basically a digital or electronic money so anytime bitcoin can not be a national currency instead of cash because cash is a means of buying and selling transactions that have been legalized and listed in government law. but it is unlikely one day bitcoin could be national currency because it has been inaugurated by the government and included in the constitution.

[armansolis593]

Bitcoin cant be a national currency because a national currency is what makes a nation proud and consist of historical value.
People,places etc that are put in a money has made their nation proud at some point and bitcoin doesnt have that aspect.

[romeitaly]

No it will never be a national currency because every country has its own currency and by that we can determine what country a money came from. Bitcoin can be a worldwide currency but it cannot be one's local currency. Fiat has been the foundation of every country and we cannot remove it just like that.

[awawo]

It will be very difficult to use bitcoin as a national currency as the process involve in carrying out bitcoin transactions are very hard not like faint money which does not come with such difficulties in using.
Bitcoin can't be use offline that is to say you must have a smartphone and an internet connection to be able to transact in bitcoin.
Secondly because of the volatility of bitcoin price it will be so expensive for any government to sustain it as a national currency.

[_Dawid_]

I don't think so, bitcoin features let people earn much money beasause of limited coins available, and when fiat are printing BTC grows. By the way, mainly beacause of 1. huge financial (nobody will sell its) 2. huge fees so the selling etc. so not efficient 3. It is not the fastest crypto in the world so definitely unbankable.

[brainape]

this will be an excellent when bitcoin will become as a national currency but remember that bitcoin is  still not have get such high popularity and value in world that it will become national currency. still bitcoin need large performance and time to get maximum number of users and their interest and become legalize then the probability of acceptance will be increased.

Off course bitcoin is now a digital currency and need a lot of followers and support to become a national currency and now bitcoin still growing to that point to achieve it, I hope that in the future bitcoin get to its success and become a national currency.

[doch]

Japan has given similar importance as the national currency to the bitcoin. As Japan highly believe in technology advancement, it took such an initiative and now the growth it has been experiencing is much big compared to that of other countries. In future looking it's growth other countries too might give preference similar to national currency.

You are right people all over the hope that bitcoin achieve its main target, to become the most powerfull and official currency. Bitcoin to be a national currency I think this is possible because according to average increase of price of bitcoin so it is like miracle that’s why the possibility present to be a national currency.

[marcuslong]

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 is possible since bitcoin is already international where there still banning bitcoin because they believe its scam and what so ever  it will became a national currency when all countries accept it and learning more about bitcoin this digital currency is the keading the new generation of our world

[mrcash02]

Japan has given similar importance as the national currency to the bitcoin. As Japan highly believe in technology advancement, it took such an initiative and now the growth it has been experiencing is much big compared to that of other countries. In future looking it's growth other countries too might give preference similar to national currency.

You are right people all over the hope that bitcoin achieve its main target, to become the most powerfull and official currency. Bitcoin to be a national currency I think this is possible because according to average increase of price of bitcoin so it is like miracle that’s why the possibility present to be a national currency.

And how could this work? A combined offensive could be prepared on another countries to weak the country using Bitcoins as their national currency. The war would be on the Crypto-Currency world, strategical financial attacks against the enemies. It can help little countries which are unknown or worthless for most people and most other countries, but let's say a big country like USA, Russia or China starts using Bitcoin as national currency, it would be a disaster...

[summer209]

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?

BTC has no national boundaries， it could be some countries' national currency, but the best thing would be that BTC become international currency, so every body can pay with BTC anywhere.

[joan26]

Bitcoins as national currency is not possible, its just like that every people and nation should knew what is bitcoins, how and what's the uses of it. No issue if its only an online currency. In my opinion only.

[bristlefront]

I think the government would not agree to that. There is still fiat money on the top and they will just make the bitcoin an option with some tax on it.

[dhrazzen]

It will never happen in my country because,  1st bitcoin is not yet known. 2nd, a lots of business man (bank owner)  will disagree and we all know that no one can control bitcoin so therefore the government will not gain money(tax) from it.

[_noname_]

It will never happen in my country because,  1st bitcoin is not yet known. 2nd, a lots of business man (bank owner)  will disagree and we all know that no one can control bitcoin so therefore the government will not gain money(tax) from it.

yes, right at the present situation i am agree with you that bitcoin is not possible to accept as a national currency and the reason is that still bitcoin is not in a position to accept as national currency because bitcoin still need a huge work to improve their performance more and more to get maximum number of users through out the whole world and also change some policies so that bitcoin will become legalize in the rules and regulation of the countries then the probability of acceptance of bitcoin as a national currency will be increased.

[DRVX]

How can any crypto become a national currency? It is the same like internet will be declared by some country their national system of connection. Bitcoin is an international currency, and it is its main privilege. It is the best currency to make transactions between different countries.

[chromosomes]

Bitcoin will never be a national currency. Yes, bitcoin is becoming popular these days and we all know more people are using it today but it will never replace fiat currencies. Fiat determines the country of a money and without fiat, we cannot determine Bitcoin's price and we cannot appreciate it. Bitcoin can be a worldwude currency where all the countries will be using it to have transactions but ot would never a country's main currency.

[fasdorcas]

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?

For my own opinion ,Bitcoin can't be a national currency because govs won't let it be...
 We're still in the beginning of bitcoin development, still on scale debate to make bitcoin could afford so many transaction per second and we shouldn't pay a higher fees. Another factor that may a big problem is bitcoin volatile, a country can't adopt a currency which always fluctuate, even third world countries in Africa using US Dollars as their legal currency. And also because. Once that Bitcoin will become a national currency people living in poor countries will be affected because they don't have the modem technology to use in their transactions and it's very hard to use especially when you buy on small stores and also in paying small transactions...

This is one of the fundamental reason why people are crazy after bitcoin. Bitcoin is providing them high level of security in addition to complete control over their wealth. It is very easy to make transactions with bitcoin internationally as compared to banks because here is no involvements of any third party and big taxes. People are very much comfortable with bitcoin since it is the most reliable method of saving your money right now.

[jovs]

Bitcoin, for now, is not suitable to become a national currency of any country. Bitcoin's value is too volatile so a product or service will always change in price with respect to the price of Bitcoin. Also, a transaction fee is there with every transaction, this is not practical in using in a daily basis. It will be hard for the government to control the scenario. So if a country will make Bitcoin as its national currency then they have to regulate it first.

Bitcoin as a national currency today is not yet applicable. It can affect the market product prices in a negative manner, because of its volatility in its value. The unpredictability of its value will create a huge impact in the market. So bitcoin to become a national currency needs a thorough study by marketing experts and economist.