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

[mace15]

A country with bitcoin as it's official currency is a concept that's not currently ready for the current world, as the demand for the currency would skyrocket, and it would require a few kinks to be worked out to make it convinient to use it for everday routines. Maybe in the future, but not now.

Nowadays bitcoin has been circulating worldwide but not yet legalized in some countries. Living in a country to use as bitcoin as official currency is a difficult to adjust. You know bitcoin value fluctuates daily and it is not suitable for daily use to purchase good, and services. Moreover, I'm not ready for this implementation in case if this would happen.

[Momoamzad]

Still now there is not yet any country that officially use bitcoin in office or anywhere. But hopefully very soon we will be able to see something like that . I would love to live there where bitcoin can use official currency.

[Savemore]

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%?

Yeah of course I will live in that country. That is one of my dream, to live in the country that use bitcoin as official currency. I know that my dream will come. It is now near to us. The bitcoin will now use by all citizen all over the world.

[ramsdaj28]

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%?

Why not? It's a big YES if that is the case, considering that most people are now using cryptocurrencies in their transactions. And the matter about the currency going up or down by 20%? That's normal. Actually, in our country, our official currency just fell down by 25% in just 2 years. Bitcoin is still the most valuable cryptocurrency compared to all currencies around the world.

[aBitcoiner]

Oh yes it would be interesting!

[jhonjhon]

At present time, No. It's too volatile and if a country were to adopt the currency the difficulty problem would likely become so hard that the CPU power required would be incredibly environmentally destructive.

That is a big challenge with bitcoin, because of it's volatility character it's hard to become an official currency. In a sense that there are lot of things to consider before making as an official currency  because it is a digital currency and can't be run smootly if there is something wrong with the system unlike local currency.

[Ilegendph]

I don't think so... volatility is a critical factor when considering relying solely on cryptocurrencies...

Yes its true, as an addition to volatility factor another thing that should be considered is the rate of transaction speed, as I see it now adays , its getting slower due to number of transaction and blockchain system deletes the transaction when it is not confirmed in the time specified and for me its risky when applied nationwide where almost every nanosecond a transaction occurs.

[nguyenanhvu]

I love it =)
Because bitcoin is like real money, it can be used offline and online.
Convenient for sale
====> Why do not I like to live in a country that uses the current bitcoin

[smith136]

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%?

your question is quite theoretical though speaking of it, it is nice to live in a country having a bitcoin as currency but in my own opinion it is not advisable because of its volatility. Just imagine living in a country where your money changes value from time to time, it is disastrous for the market and the community because there is no stability exist.

[kondor1030]

Sure totally. It would be great to be able to pay all your expenses with BTC. The main point why I don't spend my BTC is because I cannot get my salary in BTC

[1NV3ST0NM3]

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.

Yes I would love to live and work in such a country as I will be paid in bitcoins and have to spend in them no effect of inflation. Moreover the money I am getting is an investment in itself. Compared to other foreign currencies my currency will always rise I will always be better off

[Kupid002]

At present time, No. It's too volatile and if a country were to adopt the currency the difficulty problem would likely become so hard that the CPU power required would be incredibly environmentally destructive.

That is a big challenge with bitcoin, because of it's volatility character it's hard to become an official currency. In a sense that there are lot of things to consider before making as an official currency  because it is a digital currency and can't be run smootly if there is something wrong with the system unlike local currency.

Just how it is not be accepted by some people live in a country that it is not totally illegal using bitcoin are interms of using it as officially on some country that could be a big challenge it would take a year and more proof that this currency would be more better to use in a daily living.

[Bilbo Baggins]

Bitcoin is still too volatile and unpredictable for a country to adopt it as it's official currency, maybe in a few years when the value stabilizes and is adopted by a lot more people it could be considered as a normal currency.

[Odora]

i think there will be no country like that, but if any I think think first, hehehe, the question is like this, are you going to live in a paying country with gold ?, I think bitcoin is like gold, a medium of exchange to earn money ..

[LesterD]

i will, that is what i want since i earn my first bitcoin. i imagine that it would be more convenient for bitcoin holders to purchase everything we want even in fastfood, mall, and a lot more. that would be great and i think bitcoin will earn more of its demand.

[Dilladupak]

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.

you are right what you say . what It is  possible also the small community to buy goods with bitcoin as official currency.it will be a problem for masyarat .that too  also cost to do transaction if to buy what what is also still less efeksien.

[Xester]

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%?

Yes I would love to.  Just make sure that they sell candies or icecream on cones and accepts bitcoin as a payment.  It is possible to live in a country that totally accepts bitcoin but that must be hundred years from now.  The world is not yet that prepared for bitcoin I guess because there are things that bitcoin cannot be used for.  But I would love to live on that country and experience a life that does not need to pay paper money.  There is no place for thieves because you are the only one who knows your bitcoin address.

[xaviervilla]

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%?

Assuming it is really true, i still won't. Although the idea you are saying is quite tempting because I am one of the thousands who love crypto currencies and most specially bitcoin(not because of profit, but because of its rich history), i would still have to say no. Only if it is not in my country though. But if it ever happens here in my country, i would gladly live here. Because i love my country. Kinda sound unreal from a man at the age of 22, but believe me. I mean it. I cant imagine being anywhere else but here in my home. My country.

[Daniel91]

When I think about the best country for life, money (or bitcoin) is not the most important thing for such a decision.
Other things like security, culture, language, education etc. are more important.
Of course, it will be nice to live in the country where bitcoin is official currency but I'm also concerned about security for my kids. 

[HongKong]

Oh yes it would be interesting!

It would be pretty interesting/. Pretty much the only thing that people would have to look out for is the long confirmation period.