Can Bitcoin become currency a new State?

[RodNick]

Bitcoin is still a nascent technology, but it hides the potential for a major breakthrough in the world's payment system. However, because it is a new technology, it will inevitably experience many challenges with increasing intensity.

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[lingwistiko]

Why not? If the state is united and share the same vision and perception about bitcoin or the cryptoworld as a whole, then it can be possible. It will lead to a cashless state governed by cryptocurrencies.

[Pan Troglodytes]

I think, a lot of us saw Bitcoin like tool for freedom. Now most people look at this like opportunity for enrichment. I don’t think that rich equals freedom. I know a many rich people’s. They are far from freedom.

It is now evident that just cryptocurrencies is not sufficient to achieve the goal. We need a State at our side. But current States seek to preserve the old order.

State it is a community with uniform rules. Territorial principle don’t need for creation of the State in the 21st century. So what do you think what's to stop us to come together and creation a new State now?

What is to stop us? Why do you think all those other old-fashioned states maintain armies of well trained soldiers? Just in case any neighbour or citizen thinks of something like you just have: of "creating a new State now".

[sumanto]

I don't think that is possible because the very limited condition of the bitcoin supply makes the price of bitcoin very expensive and the demand for bitcoin becomes very high so it will not be suitable if bitcoin is used as a currency in a new country.

[plr]

I think, a lot of us saw Bitcoin like tool for freedom. Now most people look at this like opportunity for enrichment. I don’t think that rich equals freedom. I know a many rich people’s. They are far from freedom.

It is now evident that just cryptocurrencies is not sufficient to achieve the goal. We need a State at our side. But current States seek to preserve the old order.

State it is a community with uniform rules. Territorial principle don’t need for creation of the State in the 21st century. So what do you think what's to stop us to come together and creation a new State now?

I don't know if this is possible so far no country has ever implemented total cryptocurrency in all their transactions but would love to see one in the future, I'm sure many cryptocurrency lovers would love to go here for a vacation or to see it's progress.

[Eraldo Coil]

For me bitcoin can't be a real currency for a new state but it may be the second currency of one country. Maybe bitcoin is very right now but the value of it is too high for  a country make it their own currency. It is impossible for bitcoin to become a currency but it will be part of the system to help the real currency progress.

[MbakNarti]

It is very difficult to make bitcoin a new country currency, I myself do not understand what you mean by the new country. But what I certainly know is that a country's currency must get recognition from every country that exists and must have a stable value, whereas I don't see this condition in bitcoin, and bitcoin doesn't have a real physical form. So for me bitcoin will not be possible to become the currency of a particular country or even become the currency of a new country.

[gilangIDR]

I think, a lot of us saw Bitcoin like tool for freedom. Now most people look at this like opportunity for enrichment. I don’t think that rich equals freedom. I know a many rich people’s. They are far from freedom.

It is now evident that just cryptocurrencies is not sufficient to achieve the goal. We need a State at our side. But current States seek to preserve the old order.

State it is a community with uniform rules. Territorial principle don’t need for creation of the State in the 21st century. So what do you think what's to stop us to come together and creation a new State now?

In my opinion that Bitcoin cannot be a major currency, conventional currencies will still be the hallmark of every country and that cannot be avoided. Bitcoin for me is a second currency that has an important role in helping the circulation of the financial system in a country. Bitcoin will have a very big role and in the near future we will still depend on conventional currencies. It may take several more decades until later that Bitcoin can be used to the fullest and the digitalization era can occur in all sectors and all regions of the world.

We all wait for that to happen and I will agree if the digitalization era can be carried out as quickly as possible.

[samsul1234]

I think, a lot of us saw Bitcoin like tool for freedom. Now most people look at this like opportunity for enrichment. I don’t think that rich equals freedom. I know a many rich people’s. They are far from freedom.

It is now evident that just cryptocurrencies is not sufficient to achieve the goal. We need a State at our side. But current States seek to preserve the old order.

State it is a community with uniform rules. Territorial principle don’t need for creation of the State in the 21st century. So what do you think what's to stop us to come together and creation a new State now?

in this world nothing is impossible, we all know bitcoin will later become the official currency in a country, so we are still waiting for that to happen

[Siren]

Many people dreams of making a new country where bitcoin is the main currency, but believe me its not as fun as it thought, its nice to use a currency with decentralised for yourself, but for the country its a disaster, if you realise now big whales are manipulating the price, imagine your country's economic being manipulated by the big whales, all of the citizens will suffered and the country's inflation will be very fluctuative

LOL many countries now are using cryptocurrency as the same to their own currency so What about that many people are dreaming to have this one.what people wants is to their countries to accept cryptocurrency and adapt in blockchain technology,because many of us believe that this community is the future of the currency and our love ones.this is how we value bitcoin

[nisya]

I am sure it can, and I am sure that many people in the crypto worlds are waiting for this too. But it depends on the governments from each state because they are the regulators of that country and if they think that the crypto can bring a new way for the financial then they will approve cryptocurrency as a new currency, and maybe it will happen in the next years.

[Steinway-Bobb]

Everything can happen, bitcoin can completely become official currency in the country, but there should be common rules for the unification of countries

[CrazeCoinz]

I think, a lot of us saw Bitcoin like tool for freedom. Now most people look at this like opportunity for enrichment. I don’t think that rich equals freedom. I know a many rich people’s. They are far from freedom.

It is now evident that just cryptocurrencies is not sufficient to achieve the goal. We need a State at our side. But current States seek to preserve the old order.

State it is a community with uniform rules. Territorial principle don’t need for creation of the State in the 21st century. So what do you think what's to stop us to come together and creation a new State now?

I think being a decentralized currency this can not get the support of the government to use this as our currency in exchange of fiat. We know that bitcoin has a volatile in nature and this is the reason why some government has not supporting this technology. Bitcoin has help a lot but it's not enough to beat fiat. Maybe in the future like 20 years from now if we have a good currency that fits to replace our fiat money.

[piebeyb]

why not make it a currency tool in the future and make it a country of all countries, lol
but I think it all takes time even I don't think also bitcoin will become a digital currency but I agree if it is used as digital gold because its value is quite expensive more than a currency

[Snaic]

I think, a lot of us saw Bitcoin like tool for freedom. Now most people look at this like opportunity for enrichment. I don’t think that rich equals freedom. I know a many rich people’s. They are far from freedom.

It is now evident that just cryptocurrencies is not sufficient to achieve the goal. We need a State at our side. But current States seek to preserve the old order.

State it is a community with uniform rules. Territorial principle don’t need for creation of the State in the 21st century. So what do you think what's to stop us to come together and creation a new State now?

The idea is generally absurd. Creating a state without a territory and other attributes related to a territorial formation is impossible. Whatever you call it, it will be just a public organization operating in the territory of a certain state and subject to its laws. If such an education, which you are planning, will violate the laws of this country of residence, you may be subject to sanctions, including imprisonment.

The most acceptable option is to buy an island and already there to announce the creation of any kind of state.
Another option is to coordinate opportunities with Ilon Mask and create a state on the moon. This will already be interesting in that the cryptocurrency created there will be on the Moon.

[Marbelli]

It seems to me that in the next 10-20 years there will be such a state that will consider the national currency Bitcoin. well this is done or badly we can say only after the time has elapsed

[maryanlukuts]

Yes Personally, I think The Bitcoin can become as a currency in soon. However the future world is boned with the technology. So the crypto field has a great technology side. So the crypto field is very very important to the future world. However, I believe the Bitcoin can become as a currency in soon.

[jobukegoya]

For me bitcoin can't be a real currency for a new state but it may be the second currency of one country. Maybe bitcoin is very right now but the value of it is too high for  a country make it their own currency. It is impossible for bitcoin to become a currency but it will be part of the system to help the real currency progress.

Bitcoin is a world currency in a digital format, making it impossible to become the official currency of a country. Because a country's currency must have its form, physically real. However, as a companion to the official currency, it could be because no one claims to own it.

[Amevalentine]

Bitcoin is still a nascent technology, but it hides the potential for a major breakthrough in the world's payment system. However, because it is a new technology, it will inevitably experience many challenges with increasing intensity.

in my opinion, I can allow it to be allowed by the government. If it is not permissible and not detrimental, then the use is very helpful for the country's finances and economy as well

[mkhadazz]

I don't think that would be possible because you have to know that the price of bitcoin that is already very expensive and bitocin only has a supply of 21 million bits of bitcoin, so the price will not stabilize and will destroy the economy of the country that makes bitcoin its main money.