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Author Topic: Do you support the Use of Bitcoin as a National Currency?  (Read 723 times)
KeithBeeCham
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March 18, 2018, 08:54:28 PM
 #101

I think the use of Bitcoin as an official currency is not feasible because the current exchange rate of the BTC is too large, plus people always consider it an asset rather than a currency. They only sell BTC when the exchange rate increases and buy when the exchange rate is low. So if the future cryptocurrencies become official currency, then altcoins will probably be more suitable than Bitcoin.

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Sombabe
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March 18, 2018, 09:48:32 PM
 #102

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?

It would have to stabilize first. There's never going to be that kind of adoption if the pice keeps jumping up and down all over the place because of speculators.
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March 19, 2018, 02:32:55 AM
 #103

Well i guess its depends on the situation how the countries adopt the bitcoin as a national currency. It might be complicated i think, because not all people are using internet most specially the people around the provinces. How they could buy thier things if only bitcoin can accepted for payments.
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March 19, 2018, 02:40:30 AM
 #104

Well i guess its depends on the situation how the countries adopt the bitcoin as a national currency. It might be complicated i think, because not all people are using internet most specially the people around the provinces. How they could buy thier things if only bitcoin can accepted for payments.

Of course, I will support the use of bitcoin as a national currency if that would be happened. What matters most is the acceptability of bitcoin in our country, if it happens everyone can access bitcoin because our country will find ways for it.

Firefox07
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March 19, 2018, 03:33:55 AM
 #105

I don't think its a good idea to use bitcoin as a national currency. Because it would be unfair for other people. Especially those people wio don't know about bitcoin and people who don't know how to use the internet.

Arata
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March 19, 2018, 03:42:16 AM
 #106

yes I would really support it if bitcoin becomes the national currency in my country. If all countries are also so automatic bitcoin also be the currency between countries or international currency. It will be very easy in transactions.
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March 19, 2018, 03:49:33 AM
 #107

I have a lot of support for this bitcoin because I'm just getting my investment and daily expenses, because using bitcoin should have a lot of trust and support here
faizmi
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March 19, 2018, 03:56:26 AM
 #108

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?
It is indeed a good technological advancement, but we also have to see from the side of unstable bitcoin prices, bitcoin is also used by people in this world, there user will be a advantaged and disadvantaged in this case.
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March 19, 2018, 05:13:05 AM
 #109

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?

There is no possibility of using Bitcoin as a national currency in the country. Because Bitcoin is a variable currency This change will not allow people to accept it as a national currency. Because there is no guarantee of anything changing. And people are less worried about the things that are less sure. Moreover, Bitcoin has no own bank system. It is risky to humans. Bitcoin is also an online currency that we use to convert money into reality. What can be done by any virtual currency in the National currency? Although I want Bitcoin to go a long way and be recognized in the world society. But Bitcoin can not be a national currency.

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March 19, 2018, 05:19:06 AM
 #110

No way, even bitcoin helps my life to get better but I love my National Currency. And government won't let it happen because they need the control of financial system in their country.
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March 19, 2018, 05:48:46 AM
 #111

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 much as i want bitcoin to be mainstream i do not like the idea as bitcoin for a national currency. Surely the government  will be very strict about bitcoin and will find ways to track your money and find.ways to tax your bitcoin. I am all for tax but just a minimal amount. Unlike what they are taxing  us now

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andregunawan1
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March 20, 2018, 05:40:38 AM
 #112

I strongly agree currency to be bitcoin currencies I'm sure nagara it's economic activity is rising in a bitcoin mining, people living there poverty country will disappear
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March 20, 2018, 08:43:31 PM
 #113

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 much as i want bitcoin to be mainstream i do not like the idea as bitcoin for a national currency. Surely the government  will be very strict about bitcoin and will find ways to track your money and find.ways to tax your bitcoin. I am all for tax but just a minimal amount. Unlike what they are taxing  us now
Well to some extent you are right as you are being a bit mean about your profit and you said bitcoin will be fixed for its price by government and then government will allow us bitcoin for our every investment, but mate if this will happen then bitcoin will be use worldwide and people will know and trust bitcoin that it is digital currency and we can have thousands of dollar profit, bitcoin is independent currency and it will remain same for a lot of years, even if government will take the command upon bitcoin.

developer101dev
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March 20, 2018, 08:46:07 PM
 #114

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?

Well those who are holding bitcoins for a very long time are really expecting for bitcoins to become the next currency to be used nation wide but still it will be implemented as long as not other countries will allow it to flow on their area.
Warren Buffert
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March 20, 2018, 08:50:43 PM
 #115

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?

Well those who are holding bitcoins for a very long time are really expecting for bitcoins to become the next currency to be used nation wide but still it will be implemented as long as not other countries will allow it to flow on their area.

I hope it will be used officially by countries and such, but it will never be a legit national currency of course.
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March 20, 2018, 08:54:04 PM
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 #116

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?

No country will use Bitcoin or any other cryptocurrency as a national currency. First, the nature of crypto is decentralized, meaning no single entity can control it. Most national currencies has features that represents that country, like flora and fauna and famous people from that country. It's currency must be physical, and its value depends on the USD or gold, which is not the case with a crypto.
Addywealth
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March 20, 2018, 09:00:50 PM
 #117

Accepting bitcoin as national currency will be a good idea that would enhance relationship among countries and our important export process will be easy. I see bitcoin becoming a major currency in nearest future
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March 20, 2018, 09:06:32 PM
 #118

If we were players we certainly support the bitcoin. and maybe all the players want to be a bitcoin national currency. especially when there is an ATM in the town of kota. perhaps more simple and could be known a lot of people.
cryptomoon1002
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March 20, 2018, 09:09:05 PM
 #119

Bitcoin has all the necessary ingredients to be an international currency
KwizatzHaderach
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March 20, 2018, 09:09:10 PM
 #120

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?

Seems a bad idea in the short term as having prices pegged to bitcoin with its volatility is not good for economies but in the long term when bitcoin price is not that volatile I think there is a shot of it used as a national currency.

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