Bitcoin as national currency?

[bahula33]

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

I do not think it will be possible bitcoin be the national currency because now all countries already have their own currency, if that happens will not be that easy, it all takes a friend process

[1713874027]

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[1713874027]

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[KingScorpio]

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

never ever, because national currencies are always fiats and always controlled by a regulated trusted national banker cartel, bitcoin is just an encripted system centered only by those that have computation power around it

this is my post 1666 the mark of the beast appears again 

[Razumomo]

It's sounds funny  because almost many countries are banning bitcoin because of its tax issue. So I can't imagine it as a national currency. But many country are using bitcoin as payment method. And also national currency is that what is regulated by government and central bank of any country but bitcoin can't be regulated at all by bank. So its hopeless one. : D

[senin]

It seems to me that bitcoin can not become a national currency in any state. First of all, the reason for the high volatility of bitcoin. The state simply will not be able to plan its economy, since it must be based on the price of the national currency. If this price changes substantially every day, no economy will simply survive. Also, in this case, the economy of this country will be interconnected with the economy of other states where bitcoin will go. Most likely, bitcoin will walk in parallel with the usual types of money.

[Boysen]

Bitcoin could not become a cryptocurrency of any state. This is because its price is highly unstable making it harder for people to actually use it as a currency. Imagine this, you buy something from the grocery that it 0.0003 bitcoins a few minutes ago and then when you check the counter it become 0.0004 bitcoins. Do you think that kind of situation can be convenient and most of all beneficial to the uaer? I don't think so. So unless people finds out a way to banish the high volatility rate of bitcoin it's better for us to stick around with bitcoin being an asset for now.

[KingScorpio]

It's sounds funny  because almost many countries are banning bitcoin because of its tax issue. So I can't imagine it as a national currency. But many country are using bitcoin as payment method. And also national currency is that what is regulated by government and central bank of any country but bitcoin can't be regulated at all by bank. So its hopeless one. : D

not countries ban bitcoin and cryptos bankster cartells do, if we and you are not careful with our language they will even succeed it

only legitimisation they have is the participation of employees, the bankster cartels and the property owning elite doesnt has one

[Winner]

Bitcoin could not become a cryptocurrency of any state. This is because its price is highly unstable making it harder for people to actually use it as a currency. Imagine this, you buy something from the grocery that it 0.0003 bitcoins a few minutes ago and then when you check the counter it become 0.0004 bitcoins. Do you think that kind of situation can be convenient and most of all beneficial to the uaer? I don't think so. So unless people finds out a way to banish the high volatility rate of bitcoin it's better for us to stick around with bitcoin being an asset for now.

A national currency may not have anything for it to survive on. Bitcoin can be used for a lot of things but what makes a person who has no idea of what Bitcoin is want to have any for their products?

[CODE200]

I think maybe in the distant future.
In my humble opinion, most countries will be too afraid to apply it as a national currency because of security concerns.

There are many thing for us to consider if we want to establish a nationwide currency or to make Bitcoin as a national or even an international currency in transaction becssweu there are differences and barriers in each country specially on developing countries. Do we should need to support Bitcoin with unity for us to establish a good future.

[KingScorpio]

Bitcoin could not become a cryptocurrency of any state. This is because its price is highly unstable making it harder for people to actually use it as a currency. Imagine this, you buy something from the grocery that it 0.0003 bitcoins a few minutes ago and then when you check the counter it become 0.0004 bitcoins. Do you think that kind of situation can be convenient and most of all beneficial to the uaer? I don't think so. So unless people finds out a way to banish the high volatility rate of bitcoin it's better for us to stick around with bitcoin being an asset for now.

A national currency may not have anything for it to survive on. Bitcoin can be used for a lot of things but what makes a person who has no idea of what Bitcoin is want to have any for their products?

bitcoin only gained popularity because the national currencies cause economic problems in the developed world, you cant use "bitcoin" as a state currency,

[Pom_bensin]

Bitcoin could not become a cryptocurrency of any state. This is because its price is highly unstable making it harder for people to actually use it as a currency. Imagine this, you buy something from the grocery that it 0.0003 bitcoins a few minutes ago and then when you check the counter it become 0.0004 bitcoins. Do you think that kind of situation can be convenient and most of all beneficial to the uaer? I don't think so. So unless people finds out a way to banish the high volatility rate of bitcoin it's better for us to stick around with bitcoin being an asset for now.

A national currency may not have anything for it to survive on. Bitcoin can be used for a lot of things but what makes a person who has no idea of what Bitcoin is want to have any for their products?

bitcoin only gained popularity because the national currencies cause economic problems in the developed world, you cant use "bitcoin" as a state currency,

very difficult to accept the government if using bitcoin to become the currency of the country because it will surely beat the country's money mara are getting left out and do not have good price. so I thought it would be impossible.

[Matthewmorris4]

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

I think not, a national currency should be keep can be used in any situation and as we know bitcoin as a digital currrency for now can be used if online. It will be a big trouble if the country that used bitcoin have a problem at internet or network matter

[rlclub]

I think it is likely that eventually countries will issue their own crypto currencies, augmenting electronic cash.

On another note, check out the ICO for RLCoin, an enterprise solution for loyalty: www.rlcoin.io.  The product has traction with 250 clients and partners in Europe and Asia.

[Ridwan Fauzi]

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

I don't think that will ever happen, remembering bitcoin can not be set by one party. To become a national currency the government needs to keep an eye on, it's necessary to interfere in various transactions of bitcoin. While bitcoin has a peer to peer system, the government can not become a third party for transaction affairs. But most likely some countries will make their own virtual currency, such as digital dollars. Which has the great power of the decentralized system is the user, not a party so bitcoin can not be manipulated.

[arthur25]

Ofcourse but not literal concept. It can be national currency if the citizens of one nation agreed to implement this kind of system majority wins. Also I doubt it coz bitcoin value is more expensive. Not all people is capable to buy even one btc.

[sabine80]

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

at the moment i think no. the prize of bitcoin is to unstable and it is to risky to do that. no governor will risk the country with an unstable bitcoin. but maybe in some years this could be possible, but only when bitcoin have a stable prize for a long time and maybe more support in the whole world. but this are only my thoughts about it. of course, i do not know if it really will happen, but dreaming is sometimes allowed.

[AlexAtom]

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

It is possible because bitcoin is used by countries around the world, but not all.
there are still some country doesn't accept bitcoin and other cryptocurrency.

[amaterazu]

No way , its not gonna happen. Governments would not take any chances to take bitcoin as national currency. Bitcoin doesn't meet any basic requirements as a national currency.

[chengyinoing]

In my view, countries may create their own tokens, which have a lot of volatility but will not use bitcoin as their currency.

[sicnarfkswiss]

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

That would be good but I think it will not happen, Maybe they will only accept bitcoin as a digital currency that can be use due to the unstoppable rise of new technology. It cant be a national currency because it doesn't have a permanent store value and this cannot be controlled by gov't since its anonymous. How will the uneducated  use these if ever. Unlike the paper money which fits to any type of individuals. Every govt wants to control the currency but they cant control the Bitcoin,which is the best thing about BTC.

[d3athgu1s3]

Something so volatile will never be accepted as national currency.