if bitcoin becomes the country's currency

[akamit]

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?

Bitcoin is designed for the whole world, and it is not for a specific country.
So Bitcoin can't be a currency of a specific country by any means. Though governments may develop their own currency for their own countries for their own peoples.

Maybe time is the only thing to be considered here.

[acha1217]

Maybe you can read post of another friends, because I see many topic talking about this.
In my opinion, bitcoin will not change the currency of an country because bitcoin transactions can't be tracked, bitcoin has many weakness and bitcoin price is very fluctuate, many country are scare with developmental of blockchain technology.

[Gontxi]

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?

it would not be possible, every country has its own local currency. you should know that.
bitcoin is a currency that can not be set by a country or individual. I think you should read and recognize again the characteristics of bitcoin. you will find plenty of understanding and knowledge.

[btcprospecter]

It would take a while for everyone in a country to start using bitcoin solely as a currency. If you think how much you have had to learn about bitcoin since you have been involved.
Fiat has worked as a currency and most are happy with that however its wasn't that long ago that there was no credit and debit cards and people adapted to what is now the norm.

[nguyenlinh4890]

No its not possible, because buy and sell bitcoin , its is hide exchange, the goverment cant control, active delinquency will develop!!!!

[PaulMittin]

No its not possible. Because there is no country which has population of same IQ that is needed to use Bitcoin. There is always to be some dumbass, that doesn't know anything about technology, and keep being ignorant, because he/she/it doesn't want to learn new stuff.

You may be right but I don't think that will in any way undermine the fact that bitcoin could become the country's currency in the nearest future because technology is advancing daily.

[traderethereum]

it's too soon for bitcoin to be the country's currency and I think there will be many people in the government that will reject bitcoin although they can see the potential of bitcoin. I don't think that the government wants their currency to be replaced with bitcoin because they cannot control the bitcoin but on the other side, I think they are holding bitcoin too. maybe we need more time before bitcoin could be a currency for one or more country and I think it is better that we could use bitcoin for making money only right now.

[ellabanana]

Well, it would be good if there would be a developed country which will be using bitcoin, because later on, other countries will just do the same thing. Just like English as our universal language. America uses English as their language, and then, the world decides to make use of it. That's how our world works.

[Biggapp]

Maybe you can read post of another friends, because I see many topic talking about this.
In my opinion, bitcoin will not change the currency of an country because bitcoin transactions can't be tracked, bitcoin has many weakness and bitcoin price is very fluctuate, many country are scare with developmental of blockchain technology.

Bitcoin will not be able to become the country’s currency ever but it will become the currency of the world, because it is not a currency with local mentality. Moreover, I admit that bitcoin has the feature which can be the reason of damage to the society but soon all of them will be regularized and then nothing will be stopping bitcoin to be in the practice. Tracking the identity of the bitcoin transaction, taxation, money laundering, they are not that serious threats that they can become a reason that world does not shift to better technology.

[hatun]

Bitcoin can not become the currency of a country. Bitcoin even closer into the international currency. Like English, bitcoin can become international currencies

Exactly. Bitcoin is decentralized and cannot be contrilolled nationally.Therefore it is the mode of international payment platform.

[MakeMoneyBtc]

Bitcoin can become the currency of a country but that is almost impossible to happen because people use money everyday to pay for everything and it will take a lot of time until they are going to get used to pay with bitcoin, especially in a very big country/city. It is possible to become the currency of a small city that have only a few thousands of people living there if an investor will try and develop that city but still that is hard. Right now it seems impossible from my point of view for bitcoin to become the official currency of a country

[Kronos21]

No its not possible, because buy and sell bitcoin , its is hide exchange, the goverment cant control, active delinquency will develop!!!!

How does the government control the flow of cash? Criminals use cash more often. Are you suggesting we ban cash? Lol. You repeat a fake that is distributed by governments and bankers. I do not believe that bitcoin will be an international currency. That isn't possible. Bitcoin can only be a national currency that will exist in parallel with Fiat.

[akamit]

Moreover, I admit that bitcoin has the feature which can be the reason of damage to the society but soon all of them will be regularized and then nothing will be stopping bitcoin to be in the practice. Tracking the identity of the bitcoin transaction, taxation, money laundering, they are not that serious threats that they can become a reason that world does not shift to better technology.

As you are a bitcoiner, you should not write something like this because it creates FUD and etc.
I believe bitcoin is not a damage to the society but it is more than a tech which can be used for better uses.

Hiding from taxes, money laundering, drug or any other illegal activities does not happen only with bitcoin but it also happens with fiat.
Bitcoin just born 9 years ago, but before that or till now fiat is also being used for those illegal activities. Bitcoin is nothing if compared with fiat's illegal activities.

I hope you can understand what I'm trying to say. 

[Prodigan786]

Bitcoin as if now using as asset not as payment method .Very few might be using payment . I could say bitcoin could improve normal mans growth in any country . government will get less benefit because traditional banking system will get less investments. Each individual growth in any country will be benefit for countries growth.

[iryboy]

No, it is not possible as countries like to have centralized payment systems.

[guoyu78]

No, it is not possible as countries like to have centralized payment systems.

Till the time this bitcoin is not a legal currency and the government does not accept it as the legal currency, it will be very much difficult to claim this thing that bitcoin can be a national currency, it can only become the national currency of any state if the government is willing to declare it as their official currency. Moreover, this will surely take lot of time and after that we can expect such kind of thing only.

[vhhjhju]

Bitcoin can become the currency of a country but that is almost impossible to happen because people use money everyday to pay for everything and it will take a lot of time until they are going to get used to pay with bitcoin

People need a lot of time to get used to something, but first we need to let them know that bitcoin is the legal currency of a country I do not know, but if we do not spread bitcoin it will never be.

[deviltasha]

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?

I think it is not possible, as main feature of bitcoin - decentralization will be lost. It should not be controlled by any government.

[skorupi17]

Looking at that fact is it possible bitcoin will be the currency of a country?

A country will not absorb Bitcoin as its national currency. I believe that Bitcoin will stay as it is, a currency for global use. Many country will just copy Bitcoin and make their own coin. That is the most probable event that would happen. Just imagine if a country used Bitcoin as its national currency. Many could manipulate their economy with ease.

[Jimmy palumbo]

I think it is entirely possible that in some countries of inflation is very serious, so their legal tender points is not worth , if countries do not limit the bitcoin, the bitcoin will replace the legal tender status.