Do you support the Use of Bitcoin as a National Currency?

[audaciousbeing]

While it is good news for Bitcoin users/hodlers that countries allow the use of Bitcoin as a means of transactions within their border, what will be your position if a country decides to take a step further by using Bitcoin as its national currency?

Unfortunately, when a country decide to take it further and make it a national currency, its then beyond the position of an individual as there is nothing else to be done for or against such move in short my position is of no relevance to the situation of things. The only thing to do is for me to key into the current position and that would be done after careful study of this new transition of financial relations.

My position would be revolved around to start by making my position known as a crypto enthusiasts as one of the earliest people to have been involved, carrying out consultancy for adopters who want to take advantage of this new way of life, setting up a fully crypto market place either for goods or crypto, and paying due to government as the needs arises.

[rey5]

according to me depending on the interests of the country if the review and do not harm the state especially promote the community and the elements that there is a sense of agreement, but not as easy as changing the national currency, if I was asked to agree on it I really agree because I am much in favor with things That's because my interest in bitcoin is so huge that it has become my daily work to look for bitcoin

[Shreek]

I think it's very good, and is a good advancement for bitcoin. even the purpose of bitcoin is not just to become a currency and commodity asset, but more than that. as a means of transactions, balancing the country's economy and worl, and also as a currency standard.

and of course, I will fully support it by contributing well to bitcoin keeping its good name, and also spreading its benefits.

[NeuroticFish]

what will be your position if a country decides to take a step further by using Bitcoin as its national currency?

I will clearly not support it.
1. National currencies are subject to politics. I don't want dirty politicians get any chance to have anything to say for Bitcoin. Let me explain: if a national bank gets enough Bitcoin, they can manipulate the market by what the politicians say. I already have the feeling some do this. I don't like that.
2. The world runs on credit. It sounds bad, but it's true. While national currencies are inflationary, Bitcoin is deflationary. If Bitcoin becomes national currency the loans will become harder and harder to pay. What would you do if your load's value increased 15 times in a year (Bitcoin did)? Yes, your income will also rises accordingly, but it's still harder to pay imho.


On another hand I clearly support become a global independent currency and store of value. If you can pay anything anywhere with Bitcoin too, the life will be easier for everybody.

[owlman]

what will be your position if a country decides to take a step further by using Bitcoin as its national currency?

I will clearly not support it.
1. National currencies are subject to politics. I don't want dirty politicians get any chance to have anything to say for Bitcoin. Let me explain: if a national bank gets enough Bitcoin, they can manipulate the market by what the politicians say. I already have the feeling some do this. I don't like that.
2. The world runs on credit. It sounds bad, but it's true. While national currencies are inflationary, Bitcoin is deflationary. If Bitcoin becomes national currency the loans will become harder and harder to pay. What would you do if your load's value increased 15 times in a year (Bitcoin did)? Yes, your income will also rises accordingly, but it's still harder to pay imho.


On another hand I clearly support become a global independent currency and store of value. If you can pay anything anywhere with Bitcoin too, the life will be easier for everybody.

Well said. I also think that adopting bitcoin as a means of payment is good, but as a national currency it is unlikely. The state will indeed have levers of influence, and the idea of ​​bitcoin itself lies in decentralization.

[Gontxi]

While it is good news for Bitcoin users/hodlers that countries allow the use of Bitcoin as a means of transactions within their border, what will be your position if a country decides to take a step further by using Bitcoin as its national currency?

I don't think that's possible. considering the value of bitcoin so highly fluctuating and difficult to control.
bitcoin is difficult to control by a country, what happens if the state adopts bitcoin as the national currency. when the bitcoin falls, the country falls too. do you think about the impact?

[jordan1989]

this is not a good idea, because not everyone in one country can use technology. Beside that, bitcoin prices are not always stable. in a matter of time can change, I think will be many people who will not accept it.

[mr.bitcoin2k17]

With such volatility of course not

[crocozino]

no I do not support it, because what should I do with my own currency ? and because of that fact that emission of bitcoin is not controlled by local governments, that means they can't change it and  tune it for current situations. no one will like that.
I'd prefer that currents status of bitcoin will remain the same

[vladimirnesgibaev1]

From my point of view, earnings on the Internet are now very popular in the world. I would recommend those who want to make money on crypto currency because it is now very much in demand, then you go into investing only choose a good project.

[qqwx]

Maybe it will be not, because it is not approved any correct source/company. People transactions this p2p, that means (Peer To Peer).
Sometimes it used for website for shopping/bill payment.
By the way, if it is national currency then I and all crypto loving people really surprised.
So, hope for good of digital currency.

[MINHAJ_VI]

While it is good news for Bitcoin users/hodlers that countries allow the use of Bitcoin as a means of transactions within their border, what will be your position if a country decides to take a step further by using Bitcoin as its national currency?

As my opinion I will not give ny vote for national currency.& to controll the price of btc is preety much impossible...NATIONAL CURRENCY I don't think so

[Glutius]

I think that this will be a significant breakthrough for both the state and its economy.

[Keeminakar]

I support the use of cryptocurrency in the state, as then payments will become more transparent, corruption may be reduced. And it will be much easier for people to use bitcoin.

[BingoDog]

No, I don't. First of all I don't think that purpose or intention of bitcoin is to be national currency of any country. Bitcoin should be internationl without any specific ties to any specific country.
And second bitcoin is not convenient to become national currency and that economy is based on it. This will not functioning with such high volatility, decentralized system and limited number of coins. Not possible.

[yoseph]

I support the use of cryptocurrency in the state, as then payments will become more transparent, corruption may be reduced. And it will be much easier for people to use bitcoin.

I am willing to support it but since its going to be a national currency i am sure that the governments would like to take total control of it and when would want to decentralize it which is an affront to the bitcoin network and since they can't get all those things i am sure that they are going to create their very own.

[daarul50]

I am very supportive if a country wants to make a national digital currency because it gives people the option to invest without lagging behind technological advances. However, it also requires government regulation of the country's total national digital currency supply.

[wnj4]

As I understand Bitcoin is software that is mean a technology. It is true modern technology but can't call it as currency. it can be as store of value for us. moreover bitcoin always should be decentralized.

[Mpamaegbu]

My country does not place a restriction on Bitcoin use and transactions even though the government in the past has warned the citizens to be weary about it. However, as sweet as that may seem I still would not like btc to be proposed a national currency for my country. Everyone isn't literate enough to understand the tech about btc.

Also, allowing btc as a country's national currency is synonymous with allowing a mentally deranged fellow on the steering wheels of an automobile. Expect any erratic behaviour.

[crypto_mastermind219]

ofcouse, i totally supported the use of bitcoin as a national currency.firstly, national currency is only used in nationally.but, bitcoin can be use in anywhere in the world. secondly, exchange rate will be charged when national currency is traveled to other countries.on the other hand, there is no charge in bitcoin. thirdly, national currency is not 100% secured,otherwise, bitcoin is 100% secured.