BTC as a national currency?

[sangtuosimino]

In the short term, this is unlikely to be achieved. Because bitcoin in worldwide circulation, currency of a country usually most in the country, and the government can control other currency usually need a little bit of inflation, which is conducive to economic growth, and inflation may not bitcoin.

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[CherRic]

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?

No, its gonna be imposible that Bitcoin be the national currency. The allocation of bitcoin is so small and can't be distributed to everyone. Also, not all people have internet connection. The main problem is how will people distribute and acquire bitcoin if it becomes the national currency.

[jassanpary]

In the short term, this is unlikely to be achieved. Because bitcoin in worldwide circulation, currency of a country usually most in the country, and the government can control other currency usually need a little bit of inflation, which is conducive to economic growth, and inflation may not bitcoin.

Bitcoin as a national currency, I think many countries won't agree for that as already each country will have their own currency how can that currency replaced by the bitcoin and from bitcoin the tax is not generated to the government, So it will be a difficult task to replace it.

[ChrisSand]

In the short term, this is unlikely to be achieved. Because bitcoin in worldwide circulation, currency of a country usually most in the country, and the government can control other currency usually need a little bit of inflation, which is conducive to economic growth, and inflation may not bitcoin.

Bitcoin as a national currency, I think many countries won't agree for that as already each country will have their own currency how can that currency replaced by the bitcoin and from bitcoin the tax is not generated to the government, So it will be a difficult task to replace it.

It is most likely to change the world's used currency which is dollar. Bitcoin is considered as a universal currency because of the fact that it is decentralized.

[Lhaine]

In the short term, this is unlikely to be achieved. Because bitcoin in worldwide circulation, currency of a country usually most in the country, and the government can control other currency usually need a little bit of inflation, which is conducive to economic growth, and inflation may not bitcoin.

Bitcoin as a national currency, I think many countries won't agree for that as already each country will have their own currency how can that currency replaced by the bitcoin and from bitcoin the tax is not generated to the government, So it will be a difficult task to replace it.

It can be a national currency using a wallet we have, i mean if you are a worker in other country and you will be paid by bitcoin its easy to send your money to your family by the address and they get it easily.

[Vastraint]

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 there is a possiblity that bitcoin can be accepted as a national currency on some country. Because it is decentralized and it has a big advatage on every countries national currency. But I guess government don't want it to become a national currency but just a secondary currency that can help people financially, since as of now it can be seen as a currency good for investment due to it's extreme volatility.

[ChrisSand]

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 there is a possiblity that bitcoin can be accepted as a national currency on some country. Because it is decentralized and it has a big advatage on every countries national currency. But I guess government don't want it to become a national currency but just a secondary currency that can help people financially, since as of now it can be seen as a currency good for investment due to it's extreme volatility.

I don't think so. No government would allow that, they even ban using bitcoin in some other countries. I think bitcoin will just stay as it is. A virtual currency most of us use.

[taiwww]

Many countries have accepted bitcoin as a legal currency. They have allowed its functioning as a currency as well as an asset. Japan has opened ATM centres for supporting bitcoin currency. But no country have accepted bitcoin as a national currency. Nation currency is a centralised in nature, every country prints its own currency, and is liable for it. These currencies are supported and controlled by the government or by the central bank of that country. National currency is widely and easily accepted all over the country. Bitcoin has many limitations. It is not possible for developed countries to provide network required for operation of bitcoin. Bitcoin is a decentralised currency so government cannot control it.Due to these reasons bitcoin cannot be a national currency.

[giarised]

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.

It is just a matter of time. Bitcoin is no doubt very much capable of becoming national currency of any country but this is not at all an easy thing. It will take lot of time and then we may be able to see this kind of change in the world. There are certain countries whose government is taking keen interest in declaring bitcoin as legal currency. We can really hope for the best and there are chances that bitcoin will be declared as legal currency.

[marcbitcoins]

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?

This is possible to all rich countries  with less population and less poor because they can easily monitored and control all digital transactions like the country of New Zealand in which they are preparing the adoption of cash less transactions in which similar to bitcoin transactions. This is not possible to apply to all poor countries like 3rd world countries because not all people do not know how bitcoin works.

[TechBullion]

Bitcoin is not suitable to be a national currency due to its volatility and the anonymity of the inventor. Countries might come up with their own National currency in the future.

[Jannatul Shefa]

There's impossibility more than possibility.Bitcoin is just an online currency. It can't use like a paper money.To be a national currency it's necessary to use like a paper money because most of the people dependent in it. So in that sense i think it is not easy BTC as a national currency.But if it happens i will surely happy.

[bhabygrim]

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 this would be a fantastic idea because of the fact that bitcoin has always been very helpful to us in many ways. So, having it as a national currency would mean legalizing it and allowing more people to invest in bitcoin and buy more of it, which will increase it's value more as an effect.

[AldenGreen]

A national currency using bitcoin? Well the central banks need to regulate it. Why? Because it is the job of the central bank to make sure the market and nations economy is doing great to fits the demand and supply to be used

[emoji00]

A national currency using bitcoin? Well the central banks need to regulate it. Why? Because it is the job of the central bank to make sure the market and nations economy is doing great to fits the demand and supply to be used

I would say that the central bank is justan instrument to win elections, and they can´t do that with bitcoin.

[Harlot]

I don't think that there is any possibility that could happen as their is no government in their right mind and management that would allow something foreign to takeover and replace their current fiat currency. It is like accepting that your county and its economy can be controlled by other people even not your citizens. It could lead to a lot of abuse and possibly the downfall of that country. That is why making Bitcoin just as an official mode of payment is enough as it has its own limits by doing so.

[RavenHood]

In my opinion, bitcoin can be a national currency because it is centralized and many people are now using it. Yes, bitcoin can be a national currency in this digital world, but if you are saying that real money vs. bitcoin as a national currency bitcoin has a lower chance to become a national currency. Some people, country, and establishment are still not accepting bitcoin.

[bubble pop]

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 bitcoins cannot be a national currency simply because it is decentralized meaning thw government cannot have an involvement into this kind of thing so how can that be possible how about the taxes that the government are doing. If bitcoins will be a mational currency it means government cannot gave them taxes that is good for the people but not good for the country and the government will never let that happen and bitcoins on the other hand will not let them controled by the government. And the non stable value also of bitcoins will not be accepted by all of the people.

[@matthew17]

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?

Maybe yes , cause btc have the potential to be a national currency .

[kingsters]

lol maybe its 2020 btc is world number 1 currency
I think it will happen because now everyone is alert but the small question
is because the fee is higher  If the fee is low, there will be lots of things to use