if bitcoin becomes the country's currency

[jpespa]

Bitcoin cannot become a country's currency because each country has already its own currency since the beginning but maybe a global acceptable currency everywhere in the world.

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[ParveZ219]

The popularity of bitcoin has now grown so rapidly that almost everyone in different countries recognizes and utilizes bitcoin either as a business asset or as a means of payment transactions.
And as we know so far the bitcoin legality is still a consideration for governments in various countries.

Looking at that fact is it possible bitcoin will be the currency of a country?
And can bitcoin change the country's economy for the better?

Bro it can be the common currency between countries for huge transaction and not for small transaction cause if it will be the daily currency then there is a problem cause it needs at least 3 confirmation otherwise transaction can be cancelled and if for faster confirmation it takes a lot of transaction fees so it can not be used as daily currency.

[Al Wahhaab]

if we talk about bitcoin all must have heard its greatness and its popularity to date all countries have acknowledged the existence of bitcoin even today there are still many bitcoin users in my country

but for payment transactions in our country have not reached an agreement and the government still not fully accept bitcoin as an easy and alternative payment tool, why the government can not use bitcoin as a means of payment:

1. because the government already has a means of payment (money) that is very easy to use for payment in my country

2. Unequal economic disparities in our country are also strong reasons not to use bitcoin as an easy and transparent method of payment

3. in my country is still developing so it is very difficult to promote bitcoin as an alternative payment tool

maybe one day bitcoin will become a means of payment throughout the country even in developing countries though can use and enjoy the progress that has been achieved by Bitcoin that I can say about the complexity in my country. thank you

[Vektrum]

Bitcoin can be a means of payment in any state, that is, it can walk as money. However, he can do this only along with the usual national money of the state. Bitcoin can replace national money, but this will have a detrimental effect on the economy of such a country because of its high volatility. Therefore, it is able to contribute to the development of the country's economy only if it goes along with the usual national money of the state.

[creative-raju33]

Day by day bitcoin using is being popular to everyone and the spreading of crypto currency is a common method in near future. I think if the bitcoin becomes the country currency in any country, it will be a pleasure news for the BTC lovers. Because it will be a good opportunity for any types of marketing in the market field and also in trading section of bitcoin marketplace.
There are many advantages if bitcoin becomes the country's currency :
1) Using  it to buy something.
2) Using it to sell something.
3) Using it for any types of transaction etc.
  

[neo444]

If bitcoin becomes the country's currency his price will be over 20k$ and the economy of this country will be strong

[ongkok87]

it seems that it would not have been possible if bitcoins were made into a country's currency, because the country already has a currency that has been used as a symbol of the country

[Topaz72]

Some countries not recognizes and utilizes bitcoin.Each country has their own currency.Their currency involves their countries history.A countries national currency is their pride.Bitcoin doesnt have a historical pride that can be considered as a countries national currency.I think it is not possible that bitcoin become the countries currency

Government has their own currency that they want to have and they consider it the representative of the nation but I think they are not thinking about the benefit of the nation but they are just thinking about themselves as they only want to control the system and get profit for the government only not for the people which is so mean so bitcoin is not able to be controlled and it has all benefits for people so they can get good from it, I want my government to legalize bitcoin for us so we will use it freely.

[ylapkzhl]

I don't think bitcoin will become a country's currency. It is necessary to know that as a country's currency, it needs to be very stable, if your exchange rate is unstable so there is no national reason and you have economic trade, then the country's economy will be very closed, so it is not possible.

[pjr77]

CEO of Twitter and electronic payments platform Square Jack Dorsey, said at the Consensus 2018 conference conference that he wants his company to be advanced in terms of adopting the crypto currency, as a legitimate means of global payment. "Internet on the threshold of the national currency of the national currency, so let's not wait and will fuck this. I do not know, whether the bitcoin will be there, but i am very hope for this," - Dorsey said.

[znakistu]

The only major obstacle to further expansion of the sphere of influence Bitcoin remains a stalemate created between supporters of different methods of network scalability, although most obvious opportunity for compromise solutions - the simultaneous increase in the unit and the introduction of SegWit, and the imposition of the most controversial decisions (Lightning, Tumblebit, Mimblewimble and other) in the sidecine, where they can not conflict with the rest of the network.

[mr.robot8]

i sincerely hope that in a more or less distant future the bitcoin can become the national currency of some countries, in my opinion the economy would improve a lot and there would be less taxes not going through the banking system

[Choyor]

Bitcoin legality in a country becomes an obstacle for Bitcoin users themselves, as some countries have not yet officially recognized Bitcoin. I think it will be very difficult and also impossible if Bitcoin becomes the currency of a particular country, because Bitcoin is not controlled by any country.

[shyampreddy]

Bitcoin cannot become a country's currency, it becomes much bigger, globally accepted currency in a few years, probably by 2030!

[OcTA Bd]

It will be a good news. I think it's a new generation demand that crypto currency should be accepted throughout the whole world as an income source but also as a currency instead of flat currency available now. The main reason behind this is the acceptance and also the availability and also the easy transition. Many economist predicted that one day will come when crypto currency will rule the world. There will also be some flat currency but it will be less comparing with the crypto currency.

[Malya_alkendy]

I am sure in the future, there will be countries that use Bitcoin as their country's currency. And I believe if any country uses Bitcoin as a currency, it will turn into a rich country, its economy will increase dramatically, and the country will be famous throughout the universe. And finally there will be other countries who are interested and come to use Bitcoin as currency in the country.

[xyzone]

A small possibility of bitcoin is being received in a country in the world. many are still resisting bitcoin because bitcoin founders no longer take care of bitcoin anymore.

[basyang]

The popularity of bitcoin has now grown so rapidly that almost everyone in different countries recognizes and utilizes bitcoin either as a business asset or as a means of payment transactions.
And as we know so far the bitcoin legality is still a consideration for governments in various countries.

Looking at that fact is it possible bitcoin will be the currency of a country?
And can bitcoin change the country's economy for the better?

In my opinion about. Well honestly, Its too early to say that it will be the currency of a country because bitcoin is just getting started and as of now, its popularity gradually becoming acquainted and before it would be a currency in the country it will need to be stable in its price.

There will have a tons of studying before it will implemented and the goverment will consider all the possible outcome of it to the people especially to remote places that the internet signal is weak and poor people that can not afford to have an internet connection and a smart phone. There would many possible  hard time for the bitcoin user before the government will recognize and legalize it.

[Kelvinikke]

Bitcoin becoming a nation's currency is not likely to happen in any country because of the level of technology with which a person needs to trade with bitcoin. In as much as technology is advancing some countries especially those in Africa have limited resources when it comes to technology and its use. but i will say that it can rather me accepted as a mode of payment for people who understand it and want to use it just to avoid the involvement of central banks.

[Nyenyepogi]

The popularity of bitcoin has now grown so rapidly that almost everyone in different countries recognizes and utilizes bitcoin either as a business asset or as a means of payment transactions.
And as we know so far the bitcoin legality is still a consideration for governments in various countries.

Looking at that fact is it possible bitcoin will be the currency of a country?
And can bitcoin change the country's economy for the better?

For sure the government will not allow this to happen because not all the people know the existence of bitcoin and the the government know that the bank will affected also so it wont be happen and I know the government know the system of bitcoin of having decentralize form so probably this is the another problem for them how can they put tax on it, if the system became centralize maybe the government make an action to make it happen.