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Author Topic: If a country adopted bitcoin as their national currency, would the US still be a  (Read 4735 times)
Q7
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February 27, 2015, 09:21:15 PM
 #21

That depends on how widespread bitcoin is accepted as part of the other country's national currency. For example, if they use bitcoin as a form of backing to issue the fiat currency, it will officially make bitcoin tied up and recognized as an accepted form of payment. And all of these still relate back to the acceptance rate. Furthermore, if you have not only a country but several countries all adopting the same system, it will no longer be a commodity anymore.

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