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

[maxamus]

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

It is not possible at all as bitcoin will never be accepted as national currency of any country but there are news that's some of the countries are trying to create their own block chain based coins to use as alternative for currency.

[Superways]

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 will be just like the process of legalization of bitcoin and along with that the removal of their own fiat currency. I hope that this stage will also come in bitcoin but it will take some time. First of all the countries are in the process to legalize bitcoin for their state and after they find it to start working well for their nation they will then allow all the transactions only in bitcoin then that stage will be called as the nation has made it as their national currency and with that bitcoin will be a stable global currency at the peaks of their success.

[swogerino]

While I support this use the fact is when I have gone into different PC parts store as part of my IT job and when I talked about them about the possibility of them accepting bitcoin as a payment they all replied the same. It has major volatilities is the major problem they told me about. I think this will be reason for some time being that bitcoin will not be implemented as national currency.

[weblouartisan]

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?

Japan is saying that they want to be the capital of cryptocurrency and the trust of the community on bitcoins might start on them because they believe that bitcoins does really have a bright future and they are using cryptocurrency today to improve their own economy.

[darkangel11]

Of course I'd support it especially that we almost don't have national currencies in Europe. Most countries have already taken the Euro which is nothing but an artificially created common currency. It's a new invention and the only thing that gives it value is the acceptance and support of the EU members. If such a thing can exist and be widely acepted why can't a cryptocurrency? Ah, yes, because they wouldn't be able to control it and print more and as they please.

[Kelvinid]

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?

Japan is saying that they want to be the capital of cryptocurrency and the trust of the community on bitcoins might start on them because they believe that bitcoins does really have a bright future and they are using cryptocurrency today to improve their own economy.

Maybe in Japan it could be a great idea for them because most of the Japanese people are already exposed to digital currencies and there are lot of big investors in bitcoin who are coming from Japan.But in my country,bitcoin is not yet totally known by most of the residents so it would be hard for the government making it as a national currency.But to be honest,i don't like the idea of making it as a national currency because its very volatile.And the fact that the government will now have an access to our bitcoins earned would not bring good to us.We don't want to be monitored that's why we stick on bitcoin which is such a decentralized one.

[chizmark]

I think it is ok and I will still support bitcoin if this happens as long as it not takes the place of our fiat. That will be our everyday use. Bitcoin is as good as investment and as good as it is as a payment method.

[EtherATM]

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

It is not possible at all as bitcoin will never be accepted as national currency of any country but there are news that's some of the countries are trying to create their own block chain based coins to use as alternative for currency.

I think that if someday bitcoin or another coin in cryptocurrency is used as a national currency, the world can be more complicated, especially the economy. We all know that all the countries all over the world both use fiat to take transaction in life, if now bitcoin becomes a national currency, many people will have difficulty in using digital currency, because even there are many people who don’t know what bitcoin is. However, I think it’s better if taking bitcoin as an extra currency, which can give all bitcoin users have opportunity to use bitcoin anywhere. There maybe have many countries accept bitcoin for paying. I hope someday I can use bitcoin for paying what I buy in my country.

[eduvacation.net]

I doubt if bitcoin serves as the national currency of one country because it will bend against the decentralized system used by bitcoin with blockchain technology. It will also lead to protests because the decision of the state to make bitcoin as the official currency will worsen the future of bitcoin, I would agree if bitcoin is only accepted by all countries as a choice of a digital asset to be invested by everyone in the world.

[crimsongoth]

I don't think that any country can accept a national currency unless the bitcoin value is stable. Our support separately doesn't make any sense.

[jostorres]

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.

I must say that this is the best thing if it ever happens because it will not promote the usage of crypto currencies in over country but will also help a lot in lifting the economy rate of our country and that the people living in this country will then be able to live far better life than they are living right now. Our government really need to take this kind of step to have a better future of those who are living here.

[doraegun]

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 100% support for Bitcoin as a national currency because we are now  in a new technology its time to go with the flow of new technology we all know that this kind of transaction is much better than before. CONVENIENT no HASSLE and Faster than the current uses of our currency. that's reality.

[cutiecez05]

Yes I am one of those who support the use of bitcoin as a national currency. Since many are engaged in bitcoin it will be easier to transact if it will be the national currency.

[tuikindu01]

I don't think the country will use bitcoin as a national currency, because bitcoin is decentralized and not controlled by the state.

I think future countries will issue their own password tokens because they can control them.

Bitcoin will never be the world's legal tender.

[qtypatuty]

While I support this use the fact is when I have gone into different PC parts store as part of my IT job and when I talked about them about the possibility of them accepting bitcoin as a payment they all replied the same. It has major volatilities is the major problem they told me about. I think this will be reason for some time being that bitcoin will not be implemented as national currency.

I am against the concept of Bitcoin on being a national currency. I think that if that occurs, it will cause a bad effect to a country's economy due to the Bitcoin's volatility. Also, there are still a lot of establishments and businesses that do not allow transactions relating to Bitcoin or any other cryptocurrency. In general, this is just bad for a country's economy.

[24core]

I would prefer for governments to stay away from bitcoin. I think this is one of the things that brought satoshi to make bitcoin.

[weakhandsgaming]

The government does not use bitcoin as the main transaction tool in the country. In this case, the government needs a stable currency like the dollar. Because bitcoin volatility is so high that it is a bit difficult to make the national currency.

[idex100]

bitcoin is amazing and certainly has a lot of advantages over fiat as a means of payment.It should be allowed as a valid means of payment in all countries of the world-same way the USD is used in all international transactions.I am however not sure if it is a good idea for a country to abandon its Fiat currencies and use bitcoin instead.I dont think it is the best approach.There are merits and demerits in all systems.I am a bitcoin die-hard fan by the way.

[Btcvilla]

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 personally do not, because the value is so volatile, and this will result in huge losses if something happens like this end.
I would rather agree bitcoin as an asset in investment. yes, because this will better show its class as a virtual currency.

[hermawanda]

In my opinion. I agree if bitcoin as an alternative currency in a country. without having to eliminate the country's original currency. because the conventional currency is a fundamental symbol of the economy in the country. so bitcoin is more appropriate to be an alternative digital currency that can support the economy in the country.