Can Bitcoin ever be use as other country currency

[Crptomagma]

Bitcoin is a digital currency for the world not just a country it’s nature of being decentralized will not be changed to becoming centralized. Many people are yet to understand that. Bitcoin was created for the purpose of digital trade, selling and for other investment not even China that mines the highest amount of bitcoin can use bitcoin just for themselves. Bitcoin can be used alongside with the country’s local currency for some big countries in the world.

[saffira]

Bitcoin cannot replace any country's traditional currency. It is just good to have this new option which is the cryptocurrency. Also, not every country accept this kind of crypto transactions although it exist to be the common currency worldwide. I am just glad that here in the Philippines it is legal so we are free to explore the crypto world.

[Clement Kaliyar]

Despite its well known classification as a “cryptocurrency,” Bitcoin cannot be a currency because it has intrinsic value. While some would argue against it, the resources spent to issue new units ensure that, unlike fiat currency, Bitcoins cannot be created out of thin air.

This is really a different observation, you cannot call bitcoin as a currency because it has intrinsic value ?. What about fiat currency, the government keeps the value or promises to keep the value or anyone exchanging them will hold the value and that is the same with bitcoin, anyone exchanging them agreeing upon the valuation.

[KennyR]

Very few countries like Japan have legalized the usage of bitcoin. The increasing usage and adoption of bitcoin won't affect the decentralisation of the network. Any country can have bitcoin as national currency. Till date no country have officially made bitcoin as national currency. Maybe in the future this can happen.

[Coinsfera]

Bitcoin is a cryptocurrency that does not belong to any country. Its main purpose is to break the domination of the financial systems of the countries. So it can never be owned by just one nation.

[pinggoki]

Can Bitcoin ever be use as other country currency and it will still maintain it decentralized digital currency?

Bitcoin cannot be used by a certain country's currency for good because if this happens it would be hard for them to be volatile especially when this will be the main currency. Bitcoin will never replace nor change any fiat currency of a certain country just because this bitcoin is not yet supported by the government and also by the banks. People will talk about why it will be changed and also they will always ask where the traditional currency is. Bitcoin will be just an alternative currency until the end of the world, no one can replace a traditional currency.

[lifeforcepools]

I hope that this will happen someday. But when?

[Momoamzad]

I don't think it can be use as any countries currency । It's features can not support it। But it can be using already as a payment method. Many countries already using it because of if easy transaction method . Even many countries government doesn't support bitcoin. My country is including of these type of country ।

[menoiazei]

Bitcoin sooner or later will eventually become the global currency

[youdacapt]

Can Bitcoin ever be use as other country currency and it will still maintain it decentralized digital currency?

To be honest i do not see bitcoin being used widely as a country currency; the government is hell bent and looking for ways to centralize the crypto currency space; so i predict that government would rather create their own security token; than adopt bitcoin as a national digital currency.

[Fredomago]

Very few countries like Japan have legalized the usage of bitcoin. The increasing usage and adoption of bitcoin won't affect the decentralisation of the network. Any country can have bitcoin as national currency. Till date no country have officially made bitcoin as national currency. Maybe in the future this can happen.

There's no ground in choosing whether the government will use Bitcoin as country's currency it's between the law that bein implemented in terms of acquiring the system.

By far, there's no country who use this system aside from those countries who are open in adopting Bitcoin allowing the existence of this crypto currency to co-exist with their respectives fiat. Maybe someday we will be notified that one country or more that will adopt and make it as national currency.

[milani]

Can Bitcoin ever be use as other country currency and it will still maintain it decentralized digital currency?

Only in case the country will be with the same name Bitcoin and with the same idea and principle of organization. And it is hard to imagine that some day some country like that would be created with quite another rules of life and quite another laws and so on... It may be in dreams only, at least in the period of our civilization. The key idea of Bitcoin is not to be under control of banking central systems, to be independent and decentralized.

[sayaya17]

Many countries use bitcoin as a means of payment, because if you want to make bitcoin an instrument of a country's currency, it is still too early,
because the presence of bitcoin in this world is still relatively new. Most countries use bitcoin as an alternative instrument of  payment and as an
investment instrument. Bitcoin doesn't seem to have been able to beat fiat currencies that were hundreds or even thousands of years ago.
Bitcoin's journey is still long

[TedMosby]

Can Bitcoin ever be use as other country currency and it will still maintain it decentralized digital currency?

According to the definition of National Currency that I found on the Internet, Bitcoin can be a national currency I think.
it will remain decentralized, but it will be regulated by the central bank as well.
as long as the authority has more power to control it, I think they will accept bitcoin as a currency.
so, what's the point of having bitcoin then?

"A national currency is a currency issued by the monetary authority or central bank of a country. It is the medium through which the goods or services are purchased/sold within an economy. Currency can be anything that represents value; however, paper notes, coins, and digital cash are the most acceptable modern forms."

Source:
https://www.investopedia.com/terms/n/national-currency.asp
https://corporatefinanceinstitute.com/resources/knowledge/economics/national-currency
https://investinganswers.com/dictionary/n/national-currency

[Argoo]

Very few countries like Japan have legalized the usage of bitcoin. The increasing usage and adoption of bitcoin won't affect the decentralisation of the network. Any country can have bitcoin as national currency. Till date no country have officially made bitcoin as national currency. Maybe in the future this can happen.

This will never happen. No state will ever accept Bitcoin as its official currency. Cash or non-cash money of the state plays the role of a substitute for material assets that may be in civil circulation. Based on this, the development of the economy of each state is planned. Bitcoin or other decentralized cryptocurrency is in no way connected with the economy of any state, and therefore cannot be their currency.
In addition, bitcoin is characterized by increased price volatility and this will make it very difficult to use it as a means of payment.

[Obito]

No, first the bitcoin can not be control any country, second it do not have central ability

We haven't tried it yet if it will work though. We need a Special Economic Zone for this kind of things, to experiment on new and sometimes radical ideas involving economics. If it does not have central ability then how come exchanges are still operating? It is not time to judge the efficiency of bitcoin if we haven't ran a case study or an experiment for proof, if it ever comes to that, I think that bitcoin will work as a currency in a smaller scale like SEZ but I couldn't see if it will work in a large country unless we ran this experiment.

[virasisog]

There are countries where merchants accept crypto without hassle, such as Japan. Institutions are slowly shifting their funds to crypto using it as a hedge and we are still at an early stage in terms of adaptation. In a few years who knows how big or far crypto can go as it progresses. It may take time, but soon we will get there.

[ninabobo]

Bitcoin is a digital currency for the world, not simply a country its tendency of being decentralized won't be changed to getting concentrated. Numerous individuals are yet to get that. Bitcoin was made with the end goal of advanced exchange, selling, and for different speculations not even China that mines the most noteworthy measure of bitcoin can utilize bitcoin only for themselves. Bitcoin can be utilized close by the country's neighborhood money for some enormous nations on the planet.

[LimLims]

Can Bitcoin ever be use as other country currency and it will still maintain it decentralized digital currency?

That’s a nice thought OP.
But if we see practically than it’s not possible.
Bitcoin is a digital currency/asset. It’s not a paper cash.
As assets were earlier used to given more importance in barter system, and yes that time BTC might became the national currency.
But at current point of time, thinking this about Bitcoin becoming as a national currency makes me laugh.
But still as future is unpredictable, anything can really happen.

[AakZaki]

Every country's currency cannot be replaced with bitcoin. Some regulations issued by each country will also be different, some are pros with bitcoin, some are against bitcoin. Bitcoin is only an optional payment instrument that you can choose or not. The national currency remains the main means of payment.

Everyone or all countries can use bitcoin, but the adoption of each country will vary. The more bitcoin is known as it is today, many countries have started adding bitcoin and providing positive regulation for bitcoin.