BTC as a national currency?

[CoPil]

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 really doubt that. That would not be possible.
Each country is known for their monetary standard. The value and worth of their money affects the economy of the country as a whole.
"Decentralized currency in a country with government"? given the fact that it is digital and prone to hacking... I suppose no, bigtime.

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[BitcoinCommodor]

It will never be happen that bitcoin will become a national currency because in my country many business man or the owner of bank will disagree about that at the government take action about that because we know the no one can control bitcoin.

Bitcoins have crossed 10,000$ because they can not nationalized. Bitcoins are a decentralized currency which gives it freedom to increase/decrease its price depending on the demand and supply. If bitcoins are nationalized, surely they will lose their importance and the demand will suddenly reduce affecting its price and inversely the price will go down.

Bitcoins are good as they are now and they do not need any renovation such as nationalizing it. Bitcoins cannot be a national currency according to me.

[FeArZ]

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

Some people are in very hurry that when bitcoin will be accepted as a national currency so I want to tell him that to become national currency is not easy it needs a large number of users and a big turst also and bitcoin is in the way of getting large number of users and it is more expected that in future it will be accepted as a national currency soon.

[guoyu78]

It would be nice to all of us bitcoiner but it will not be good for a country to use bitcoin as a main currency because all countries i know is using their respective currency, but i can see it will replace dollar as world currency considering it continue growing now

There is nothing wrong in making bitcoin the national currency of the world. It has all features of the best currency and it is the best currency in the world right now. Even if the country is hesitant to declare it as the only national currency of their state, at least they can use it as the second official currency of the state which is really going to help them in improving their economy. Bitcoin can be used at any level, anywhere.

[twicezeroiszero]

It would be nice to all of us bitcoiner but it will not be good for a country to use bitcoin as a main currency because all countries i know is using their respective currency, but i can see it will replace dollar as world currency considering it continue growing now

There is nothing wrong in making bitcoin the national currency of the world. It has all features of the best currency and it is the best currency in the world right now. Even if the country is hesitant to declare it as the only national currency of their state, at least they can use it as the second official currency of the state which is really going to help them in improving their economy. Bitcoin can be used at any level, anywhere.

Really?
I do not know the total numbers of user in Bitcoin at current.
But only when the price of Bitcoin increases fastly and the market has strong fluctuation, the Bitcoin system will clog up transactions and stagnate.
Therefore, how does Bitcoin provide a system enough to confirm all transaction of a country as the national currency?

[Sendah]

National? Maybe in a country who will accept bitcoin. A country that will support bitcoin not banned it. If that time comes other country will support too if they know what bitcoin could did to a poor country. That someday even a poor country will be a riches country or maybe they will not left behind.

If the country accept bitcoin for sure many people will become a rich someday, i can say bitcoin can be a national currency because you can exchange it into your local currency  .

[princesspoppy]

for me bitcoin can't be national currency because not all people know anything about bitcoin and not all people have bitcoins, and we need internet in order to transact and internet is somehow a problem to poor countries.

[Bandon]

The adoption of Bitcoin as a national currency by a country could lead to its economic collapse, deflationary nature of digital currencies would mean that they would not function well as a currency or medium of exchange in modern economies. Bitcoin is still young and still needs time to grow.

[bitcoinerjawa]

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?

if bitcoins are made into national money then this will trigger an increase in bitcoin prices because they are in droves to have bitcoin for their payments and i agree if bitcoin can be national currency

[criz2fer]

It would be nice to all of us bitcoiner but it will not be good for a country to use bitcoin as a main currency because all countries i know is using their respective currency, but i can see it will replace dollar as world currency considering it continue growing now

There is nothing wrong in making bitcoin the national currency of the world. It has all features of the best currency and it is the best currency in the world right now. Even if the country is hesitant to declare it as the only national currency of their state, at least they can use it as the second official currency of the state which is really going to help them in improving their economy. Bitcoin can be used at any level, anywhere.

Let's use our common sense here. There's a real disadvantage for bitcoin to be a national currency. It can affect its economy because bitcoin is very volatile. Same as the risk that traders are
encountering, if a nation will make it their currency it will be controlled by whales in which they can dump its value.

[Osarman]

It will never be happen that bitcoin will become a national currency because in my country many business man or the owner of bank will disagree about that at the government take action about that because we know the no one can control bitcoin.

Yes bitcoins can be used as a mean of payment for online purchased to increase the flexibility but they cannot be nationalised. Centralised currencies are been used as a national currency and bitcoins are completelt decentralised. Also many countries have not yet accepted bitcoins legally.

Perhaps they could be used as a national currency if they are declared legal but it will surely affect the price for bitcoins. Bitcoins will go down and also the price variation will not be much if they are been nationalised. Individually I would resist doing so because I like bitcoins as they are now and I don't need any such huge changes in bitcoins.

[PizzaBTC]

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.

Bitcoin is P2P transaction. majority of people are using bitcoin to avoid the 3rd party. just like some people are consider by using the bitcoin caused by they can do it directly to the users without any autorithy.
As the national currency and bitcoin is not made for it.

The past for bitcoins is dark yet and we don't yet know the creator and producer of bitcoins. Also a currency must be legalised before using as a national currency. There are a number of factors which will not make bitcoins as a national currency. Bitcoins are good as they are now and should only be used for online investment, earning profits, online transactions, etc.

Bitcoins will some or the other day reach a huge price and they will also give the users immense profits but being a national currency will also bring with it "Taxation". Bitcoins with taxes are not worth it I guess.

[Choyor]

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 now Bitcoin can not be categorized as a national currency in any country because of fluctuations in value so that prices that change too fast will affect the price of daily necessities because it follows the value of Bitcoin.

[asriloni]

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 now Bitcoin can not be categorized as a national currency in any country because of fluctuations in value so that prices that change too fast will affect the price of daily necessities because it follows the value of Bitcoin.

It will never. Bitcoin with its decentralized thing against the main thing of the government that controlled anything. that's the centralized thing. in so many news already stated about the government will never try to accept or consider the bitcoin as a legal currency or even a national currency.

[birra guzez]

Bitcoin is already being an international currency even tho not more than 10% of the world popularity know about it . It's the only currency that can be exchanged to any fiat one and you can use it anywhere to either pay directly in bitcoin or transfer it to whatever currency you want . Bitcoin has certainly made a revolution in the monetary system as well as the wealth map of the world and it's still going to make much more improvements to the world .

[ylnar123]

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 because bitcoin does not really exist. Anf in order for bitcoin to be a national currency it should not use dollars a a means of transaction through bitcoin. Yes bitcoin is already too popular all over the world but we cannot have a national currency that is virtual and no material to be used in transacting to the market. In my point of view bitcoin should only be used to raise your funds and not to be a worldwide cureency.

[llyfee4u]

An internationally recognized and accepted form of payment? Yes.  A national currency i don't think so, given the very simple fact that Bitcoin is decentralized.  I think what is more likely to happen is governments and countries will create their own crypto's. Apparently, countries like Venezuela and Cuba are already looking into creating their own crypto due to fears in collapse of fiat.  I think that this is very much the way to go, fiat will fail at some point worldwide.  I think what might be a major point is if and when USD fails or at least appears like its going to fail, cryptos will become mainstream.

[RedzoneASE]

Btc as a national currency?  Easy to be said than done. In order for Btc to become national currency it needs a long long term process and alot of debates to be undergone.

[iron talon]

An internationally recognized and accepted form of payment? Yes.  A national currency i don't think so, given the very simple fact that Bitcoin is decentralized.  I think what is more likely to happen is governments and countries will create their own crypto's. Apparently, countries like Venezuela and Cuba are already looking into creating their own crypto due to fears in collapse of fiat.  I think that this is very much the way to go, fiat will fail at some point worldwide.  I think what might be a major point is if and when USD fails or at least appears like its going to fail, cryptos will become mainstream.

I was gonna write very similar things. It's already a global payment method for the entire wotld. But it's not gonna be a national currency or worldwide currency because countries never let this happen.

[ChrisSand]

national Currency? I'm actually thinking Global Currency. It won't replace Fiats yet, but it will soon have its own place   through gradual changes. Slowly but surely.