BTC as a national currency?

[logicgate]

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  .

My opinion is also same that there is no false thing in declaring bitcoin as national currency and my personal opinion is the country which will declare first will enjoy good economic health and also people will rush toward that region to go and make huge money out of it and the economy of that country will be boosted on the daily basis bitcoin will surely change the display of that country and it will be fruitful for everyone there.

[cryptokitty]

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?

Yes, there's a great chance that it may also happen but not in all areas because some areas can't go with the flow of technology ang can't afford to have the latest technology like gadgets and internet unlike with cash they doesn't have to have an Internet connection and new gadgets.

[donnie.darko]

I hope so but it is very difficult to implement a digital currency as national currency of any country. Like if we look at the countries’ currencies every currency is established from the first day of that countries establishment. So it is not that much easy to say that bitcoin can be a national currency of any country but still we can hope for this.

[Vritesh]

If Bitcoin became the national currency then Bitcoin users will the most happiest people on this Earth but I don't see it as a national currency yet.It has many advantages but it is still not supported by many of the countries which is it's major drawback. So it needs the support of government in order to become the national currency.

[Zabrielle]

That would be ok if BTC will be a national currency. I think there is no problem with that. We can still use it to buy or purchase the things we like. The bank i think accept bitcoin and people are using bitcoin. I guess theres nothing wrong with it. At least we have a lot of choices of how we pay aside from a credit card and a cash. Sooner or later some other countries will support btc since people are massively joining. And i think the government is not against with bitcoin.

[Eugenar]

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?

Being a national currency means that it will be a symbol of the culture of that certain country as an identity. Bitcoin is a digital currency, decentralized and is an open source. Do you think it is even qualified to be such thing as national currency? Not to be negative about Bitcoin but being a national currency is not just an entitlement. Bitcoin still a successful currency.

[sheryl26]

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 not think so because theur value are not stable as simple as that. Because people do jot wanted to lose money while doing nothing people just wants the positive side of being volatile. The increasing of the bitcoins are the people wants but we cannot say how long will the bitcoins will pump what if in the future when they will be a national money they will soon dump whatbwill happen to the value of the peoples holding they will decrease and they do not want that so they will definitely gonna be a national money knowing also that they are decentralized.

[Kazuyukie]

I doubt it, even though Bitcoin is really dominating nowadays and the fiat's value grows weaker, we can't really use it as a national currency for its volatile and erratic nature, people will have a tons of problems with the value changing now and then in a huge margin, compared to the typical currency price change. the other thing is that its decentralized, so no one can manage and control it so i really don't think that it will be national currency.

[ChrisSand]

I don't think it will be a national currency. First and foremost, because of political differences involves it will be even passed as a bill. Secondly, because transactions can be done anonymously there is a security factor that needs to be fixed.

[flyingcat]

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 not think so because theur value are not stable as simple as that. Because people do jot wanted to lose money while doing nothing people just wants the positive side of being volatile. The increasing of the bitcoins are the people wants but we cannot say how long will the bitcoins will pump what if in the future when they will be a national money they will soon dump whatbwill happen to the value of the peoples holding they will decrease and they do not want that so they will definitely gonna be a national money knowing also that they are decentralized.

I just think simple. What is the reason make the Bitcoin price increase? It depends on the user and need many people spend money to buy it. If someday, the demand will be stop, the price of Bitcoin can not increase more.

[Naoko]

bitcoin doesn't belong to any country and people...how can it become national? I don't see any reason or sense in this

[goldade]

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 as it stands cannot be a national currency. One of many reasons is the volatility of bitcoin. As we all are not oblivious of the fact that the price of bitcoin is very volatile, then there won't be a fixed price for goods and services. There will always be increase in the price of goods with respect to the price of bitcoin.
Another reason bitcoin cannot be used as a national currency is the fact that it requires the service of the internet to work.  As internet services is not always available, especially in developing countries, there will be no way for transactions to take place.

I believe, if in the nearest future,  these problems are put into consideration and solutions are proffered to them,  then bitcoin may be used as a national currency.

[Janation]

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 not think so because theur value are not stable as simple as that. Because people do jot wanted to lose money while doing nothing people just wants the positive side of being volatile. The increasing of the bitcoins are the people wants but we cannot say how long will the bitcoins will pump what if in the future when they will be a national money they will soon dump whatbwill happen to the value of the peoples holding they will decrease and they do not want that so they will definitely gonna be a national money knowing also that they are decentralized.

I just think simple. What is the reason make the Bitcoin price increase? It depends on the user and need many people spend money to buy it. If someday, the demand will be stop, the price of Bitcoin can not increase more.

The reason of the Bitcoin price increase and decrease is the law of the demand and the supply which is the price is based on it. How will bitcoin or any other crypto currency be a national currency since it is decentralized, and that is the reason why country will never accept bitcoin as a fiat or a real fiat currency, because of it's unstability, the government are not that stupid.

[selen]

yet there are limitations to become national currency - cost of transactions, speed, scalability. though i would imagine that future national currency might be blockchain based

[Shanmatthew]

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?

As of now bitcoin is become an international currency not only a national currency.because some of country is already legalized these and accept bitcoin as a digital money and no taxes as of now.

[Sweeet123]

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.

True that, it would not be feasible for the masses to pay a transaction fee for every exchange, as it would discourage transaction and further lead to economic instability

[chickenfried12]

This is a very difficult process. Obviously the legal currency can be accepted but it can not be accepted as a state money model because the distribution in the market is not known to be large sums, and accordingly the uncontrolled and decentralized state unacceptable.

[Hopeful2017]

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's aceptability percentage is not fully 100% around the globe, and even in one country due to many factors lik internet connections, knowledge about it and the how's and why's in Bitcoin. So for now and I think even in the future, Bitcoin wont become a national currency. It takes a lot of discussion and even arguments about it especially those countries with strong control on their banks and governments.

[shield132]

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's aceptability percentage is not fully 100% around the globe, and even in one country due to many factors lik internet connections, knowledge about it and the how's and why's in Bitcoin. So for now and I think even in the future, Bitcoin wont become a national currency. It takes a lot of discussion and even arguments about it especially those countries with strong control on their banks and governments.

Bitcoin as a national currency means that it's not decentralised and from this moment it losts it's value. Also with current statistics and actions, I can't call any country a country if it has bitcoin as a national currency and china's one word can affect their economy in as they want. Also I can't call it a country if their economic increases or decreases by 25% in some hours.

[danielnamit]

i think it is not suitable if one country will use bitcoin as their national currency since the price of it is too far from other currency like Philippine Peso that a bitcoin costs more than 900,000 php. It is better if it is just use like how it is now, a money that can change thru different currency.