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Author Topic: Bitcoin as national currency?  (Read 619 times)
Webberson
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April 03, 2018, 06:16:32 AM
 #201

Could it be possible that in the future there are countries that use bitcoin as the national currency??

Bitcoin is a global currency and therefore, cannot be used as a country's national currency, except the country creates its own coin for national use, which would then be converted to bitcoin for international use, anytime a transaction is to be made.

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arcanayou
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April 03, 2018, 10:11:18 AM
 #202

the national currency? I think it is more suitable for international currency, if a country makes cryptocurrency possible, but if bitcoin into the currency of a country I think it is impossible. there is still much debate and regulation to make bitcoin recognized and legalized by a country because of its decentralized nature. but I believe bitcoin will be the easiest, safest and most reliable means of payment and transaction in the future

charlotte04
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April 03, 2018, 10:24:37 AM
 #203

Could it be possible that in the future there are countries that use bitcoin as the national currency??

If you mean national then they should create their own national crypto currency and not Bitcoin, because it can be called as the global currency.

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April 03, 2018, 05:40:40 PM
 #204

I don't think that any government (other than tiny nations like Sealand) would ever think of making cryptocurrencies as a national currency because governments are greedy for extreme control on almost everything and when it comes to crypto, it's exactly opposite concept. It believes in decentralization and government will never allow any such technology to take away control away from their hands. However, I am optimistic about legal recognition of crypto in major countries in next 5 to 10 years.

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April 03, 2018, 05:46:29 PM
 #205

Could it be possible that in the future there are countries that use bitcoin as the national currency??

This is impossible. You see, national currencies depends on it's economic. And a national currency reflects the nation's culture and history. Bitcoin is digital, you cannot input a face of hero there. Cheesy
And a national currency should be regularized and controlled by its government.
It is more possible that Bitcoin can be legal and widely used in a country rather than making it a national currency.

Desmo
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April 03, 2018, 05:52:33 PM
 #206

Among the reasons why bitcoin has not yet become a widely used means of payment, one can call high volatility, as well as problems with liquidity and legal regulation. Nevertheless, a currency that does not have a central regulatory mechanism becomes better in all of these aspects.

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dekafee79
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April 03, 2018, 06:02:26 PM
 #207

Could it be possible that in the future there are countries that use bitcoin as the national currency??

I think bitcoin cannt to be the national currency today, maybe in future it is posible. when transactions all by digital. I hope it will be...
Omise_Arsyid
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April 05, 2018, 04:27:49 PM
 #208

BTC can use such as a gold in the crypto world
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April 05, 2018, 04:36:42 PM
 #209

well as we can see that bitcoin is being accepted as digital currency in many countries, i think it's possible to make it happen because bitcoin can change in our local money but we can send it where ever our love ones is. being a bitcoin user i am hoping that it will happen sooner or later.

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