jabo38
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mining is so 2012-2013
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August 02, 2014, 03:38:11 PM |
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If any country will ever fully adopt bitcoin it will probably be a very small country. I think a country would probably rather experiment with their own form of digital currency than bitcoin, but I'm not sure if bitcoin would be a safe experiment to use with current volataility.
Probably some island with less than $1000 thinks it'll be good to boost tourism and become famous. |
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unpure
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August 02, 2014, 03:40:41 PM |
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I could see Singapore adopting it with a lot of regulation long before Israel would even consider it. For Israel to adopt it the US would have to adopt it first  Singapore currency is strong. Not sure why they will want to give it up and change if it is already working well. |
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Daniel91
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August 02, 2014, 04:02:16 PM |
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I think for smaller countries is easier to adopt and change than for big countries so some small island nation have good chance, it's sure. it can be other way around and some country in big financial troubles like Argentina now, can try with Bitcoin, who know  |
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Night Owl
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August 03, 2014, 12:32:45 AM |
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I can see counties allowing BTC, but cant see any govenment adopting only BTC, because when their currency takes a hit they can easily print more money, with BTC they cant.
Would any polatition want to take that option away from themselves?
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Ektra
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August 03, 2014, 02:24:37 AM |
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I find it more likely that bitcoin/alts will spread from the ground up, virus-like, into many countries. Any official decisions to adopt it as national currency will be forced when it becomes too late to resist. IMO national acceptance needs to happen when bitcoin/alts are much bigger and stronger and distributed than they are now, to avoid corrupting the purity of the system with politics and maintain bitcoin as a purely impartial exchange medium.
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nkocevar
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August 03, 2014, 03:13:59 AM |
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If I could state my opinion, it would be that a small independent country, or maybe a large micro nation would accept it. Because a full country adopting it would be nearly impossible considering the supply, unless you want to of course drive the price up. (And I definitely don't have a problem with that  ) |
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Giulio Prisco
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August 03, 2014, 08:12:13 AM |
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No country will ever "adopt Bitcoin," A country is a government, and all governments are ultimately control freaks. At best some countries may be forced to tolerate Bitcoin semi-officially. Also, some countries may experiment with centralized and regulated forms of e-money (this is happening now).
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Mr Tea
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August 03, 2014, 08:16:22 AM |
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No country will ever "adopt Bitcoin," A country is a government, and all governments are ultimately control freaks. At best some countries may be forced to tolerate Bitcoin semi-officially. Also, some countries may experiment with centralized and regulated forms of e-money (this is happening now).
What's to stop the people becoming the government? It could happen. People could stop using their officially issued money and fiat could become worthless |
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SOAD
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August 03, 2014, 08:17:33 AM |
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If I could state my opinion, it would be that a small independent country, or maybe a large micro nation would accept it. Because a full country adopting it would be nearly impossible considering the supply, unless you want to of course drive the price up. (And I definitely don't have a problem with that ) I think something like this. I can't see a existing country adopting it, but maybe a new micro nation or something similar. Maybe even some sort of state within a country. I'm not sure if it would be a good idea though just yet. |
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Krang
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August 03, 2014, 08:19:12 AM |
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The first country will be... The Vatican.  |
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Finchy
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August 03, 2014, 08:21:36 AM |
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It's hard to speculate on this, though I'd side with others who think it probably wont happen, or at least not for a while. I think unless the volatility was sorted out it would be a too risky experiment, though it would be interesting to see the results.
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Gogreen
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August 03, 2014, 08:25:57 AM |
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The first country will be... The Vatican. Ha ha funny |
Bitcoin mining Antminer s7 4.7 TH Used in Good Condition Best Offer Prices @ ebay seller order directly here https://goo.gl/uaoh1r. Bitcoin payment optional. |
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Krang
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August 03, 2014, 08:27:58 AM |
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The first country will be... The Vatican. Ha ha funny Well they do like to launder their money so this might help them do so  . Jesus loves bitcoins! |
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Giulio Prisco
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August 03, 2014, 09:16:21 AM |
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No country will ever "adopt Bitcoin," A country is a government, and all governments are ultimately control freaks. At best some countries may be forced to tolerate Bitcoin semi-officially. Also, some countries may experiment with centralized and regulated forms of e-money (this is happening now).
What's to stop the people becoming the government? It could happen. People could stop using their officially issued money and fiat could become worthless I guess it could happen in a parallel world, but it never happened in our world (besides primal societies of a few tens of people). |
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libivan
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August 03, 2014, 09:34:58 AM |
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It is so bizarre that it would be funny if it was not tragic. Anyway, I am not at all surprised that this is just another marketing ploy from the statists: a firework war to justify a genocide. |
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Harley997
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August 03, 2014, 10:52:29 AM |
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I would give it less than 1 year for a country to not maybe use it fully but it will be wide acceptance and you will be able to use it in a lot if not most of their shops. It could kick off in some 3rd world country but for a country to adopt it that could be years and years if not never.
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Nikinger
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August 03, 2014, 11:06:34 AM |
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Fully adopting Bitcoin would partially raise the average citizen over the federal law by moving their wealth away from the federal supervision to the much more powerful nature law of the maths. (The laws of the maths are superior to any federal law because maths doesn't require anything to enforce.)
Loosing power by adopting Bitcoin would also disturb important commercial relationships with other countries and transnational alliances. Would a single country ever succeed to manufacture everything down from a computer chip up to very complex system in order to participate in the Bitcoin economy? I think, no. Then Bitcoin isn't the right choice.
That's why fully adopting Bitcoin in the economy would be a serious stupid move for any powerful people in any country.
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1EwKrY5Bn3T47r4tYqSv6mMQkUyu7hZckV
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BitCoinNutJob
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August 03, 2014, 11:23:50 AM |
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define fully adopt? in the UK once the bank barriers are removed and legal framework drawn up BTC will be good to go.
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sk8 (OP)
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August 04, 2014, 01:53:25 AM |
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define fully adopt? in the UK once the bank barriers are removed and legal framework drawn up BTC will be good to go.
Fully adopt means that the currency used in day to day transactions between retailer and consumer is bitcoin. Basically when people stop using their fiat currency completely. |
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beetcoin
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August 04, 2014, 04:06:09 AM |
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If any country will ever fully adopt bitcoin it will probably be a very small country. I think a country would probably rather experiment with their own form of digital currency than bitcoin, but I'm not sure if bitcoin would be a safe experiment to use with current volataility.
i think it's already happening. iceland has their own cryptocurrency: auroracoin. http://motherboard.vice.com/blog/in-one-month-everyone-in-iceland-will-own-cryptocurrency |
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