would you live in a country that use bitcoin as official currency?

[CrypTrends]

would you live in a country that use bitcoin as official currency?
assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?

[1714828477]

1714828477

[1714828477]

1714828477

[newfix]

With official do you mean that we can pay daily expenses with bitcoin?
If you mean this, i think that at this moment there isnt a country that accept bitcoin for daily expenses

[Zalfa_mui]

if bitcoin becomes the official currency ,, and we have to use bitcoin when buying anything, it is not effective.
because every time we transaction bitcoin there is a transaction fee ,,
in small and large amounts the same cost, we will lose.

[Karpeles]

Would you like to live in a country where all the money is digital and everything you spend is public and could be seen by everyone in the world until the end of days? And if the internet is shut down then you would have no money?

[jsscswan]

I don't want, we'll see the value of bitcoin is not stable, it is less efficient in my opinion if the official currency of a country. It could be that countries that apply bitcoin as the official currency will experience inflation from all sectors.

[emuLOAD]

There are transaction fees every time you use a credit or debit card, too. you just don't see them as they're "hidden" from the end customer.

Bitcoin fees are a bit of a problem, but one that can be overcome with technology. Good progress in that direction has been done already. Not to mention that pragmatic solutions could always be developed "IRL".

It would be interesting. Currently, it would have to be an extremely self-sufficient economy, as any reliance on foreign import in excess of exports would be trouble with such a volatile currency.

Big challenge, but I wouldn't mind trying it out. It would be much worse in developed countries with a stable economy, but in countries who are experiencing economic collapse, hyperinflation, etc it might be an interesting experiment.

[zakalwe]

I don't think it's possible that a country would have fixed prices in Bitcoins. For example smartphone XY for 0.1 BTC. However it is possible that the prices would be pegged to US dollar or other fiat and the price in bitcoins would change every minute according to the exchange rate.
I can imagine this in a smaller country, island for example. And the country needs to be progressive and high-tech because everyone would need to adapt, even saleswoman at the market who sells fruit, she would need to accept payment in bitcoin.

[allthingsluxury]

would you live in a country that use bitcoin as official currency?
assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?

I think we may eventually get to this point. I believe you will see a semi-failed state eventually adopt BTC, in a hope to turn their crumbling economy around. Venezuela, perhaps?

[mehcat11]

Would you like to live in a country where all the money is digital and everything you spend is public and could be seen by everyone in the world until the end of days? And if the internet is shut down then you would have no money?

That is good reaction. I don't think there is country where use bitcoin as official and single currency.
There are many problems about bitcoin storage that will come if we do that.

[weblouartisan]

Absolutely yes, Usually the payouts in campaign's are delay but its ok as long as the value is very high and the job they are producing is consistent. There are some country that are using crypto currency in their transactions like buying goods, One of the example is dubai, Some of the restaurants over there are accepting bitcoins.

[Micerker]

would you live in a country that use bitcoin as official currency?
assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?

My country ignored BTC

[Heyyyrenz]

Of course i will, why? There are many features about bitcoin that is better than the paper currency like:

• Easy and fasttransaction
• The value of it changes from time to time
• Can't get robbed but can be scam
• Can used by different Users around the world meaning it can be used even in other and outside the country
• Easily earned

But i think it will be impossible that bitcoin can be a countries official currecy.

[100bitcoin]

The very Q is BS. Bitcoin cant ever be an 'official currency' anywhere. It is already accepted as a 'legal' medium of exchange in Japan. That's the best status it can have.

[131tc01n]

sure, I want to live in a country that formalizes bitcoin and uses bitcoin as the official currency ,,, because I wrestle in bitcoin that's what makes me want this ...

[gesdan]

in my country, bticoin does not yet have a clear status, which means it is not yet a legal currency nor is it an illegal currency, so as long as I am in my country I am free to use bitcoin, I have also heard that in my country bitcoin is approved by the central bank in my country. but it's still rumors that I do not know the truth

[affandi]

official in the sense can already make payment for the smallest thing ?? I think this is not so interesting, you should know that every bitcoin transaction in big or small amount will be fee, what if in one day I do transaction 5 times? I'm not sure I'll last longer in that country by just thinking about the fee every time I shop or want to buy some products in different places, I do not think that's efficient.

[ennovy22]

My answer is No. I don't think it's a good way to use bitcoin as official currency. Maybe in other countries could be, but for us no. In terms of securing the money is good because it can't get robbed and it is easily earned but do you think everyone can make bitcoin accounts? how about a poor country that can't have mobile phones, tablets and wifi? Yes it might happen when the future comes but for me I won't live in a country that use bitcoin as official currency.

[Rana590]

Obviously not. There is no chance to use Bitcoin as official crypto currency in our country because it has some regrets​ like every time we would give transaction fee. Besides that being offline we can't use it but in our country where most of the people don't know what is bitcoin.

[stompix]

Long before that I would ask some other question:

- is a democratic or a communist country (would you live in NK if they would use bitcoin)
- third world country or g7 member, as I doubt you would live in Somalia even with coins
- language, economy, welfare, unemployment and security levels all come well before what currency is used

And no I would not move to another country just because of that.
My relatives are here, my family has lived for 300 years in this city, my wife only speaks german as a foreign language, I have a small child, moving to a country sounds impossible.

[nelmari]

Yes of course I would live in a country that use bitcoin as an official currency; it would help me to pay my bills, do groceries and even have some left with my salary to buy things I really need and some for savings. Why not and who wouldn't want that kind of life? I think less would be poor by then if that will really happen in a country, everyone would get to afford things they need daily but just as long as they work hard for it too.