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Topic: Bitcoin as Main Currency - page 5. (Read 6049 times)

hero member
Activity: 642
Merit: 500
February 24, 2017, 01:28:45 PM
#88
I agree. I always considered myself as a currency Bitcoin official. although in my country, people do not know about Bitcoin, if any, that is a very small figure. I support the currency Bitcoin becomes official, and if possible, I want it to be the official currency of the world. I love Bitcoin and hope it grows. Currency Bitcoin is the most powerful
if we say it for online shopping or use on online. we will say it main currency but as in daily life or we compare it to fait money so, i don't think it is main currency. bitcoin is just a currency which we used for online use. we can't use it as daily purpose. so, bitcoin is the king of cryptocurrency but not the fait money.
copper member
Activity: 1815
Merit: 1004
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February 24, 2017, 12:53:38 PM
#87
I was just curious but, what would you guys think if Bitcoin was the main currency of America. Would you like it and agree with it or would you agree with the current main currencie(s) we have.


No i am not agree with you, i don't want someone to control bitcoin, not only me every bitcoin user wants to see bitcoin as a decentralized currency in future too. Bitcoin has it's own importance in the market and many people trust bitcoin.
hero member
Activity: 1400
Merit: 571
February 24, 2017, 12:08:49 PM
#86
I wouldn't. Let Bitcoin be what it is: a decentralized cryptocurrency that is anonymous and safe for everyone who seeks privacy. Governments would only want to secure it for themselves and seek for everyone's identity that is using Bitcoin. That's not what we want.

Yes, I agree with you with this, because for me, it is not necessary for bitcoin to use as the main currency in America or in any countries around the world, maybe I would agree if the Government would allow bitcoin to be used in any transaction that we will do but never as the main currency, because if this is going to happen, just like what you have said, Government would just going to secure it and the worst is they are going to take control of the bitcoin network so that they can do whatever they want on our bitcoin just like what they are doing on our money.

In this way, they could easily steal our bitcoin or scam us, especially since bitcoin is more valuable than fiat because of its price, then those greedy politician will agree for bitcoin to be the main currency, for them to have a lot of money from it.
legendary
Activity: 1624
Merit: 2481
February 24, 2017, 11:22:22 AM
#85
Bitcoin probably won't ever be the "main" currency of a country.
Its decentralized.. and thats enough reason to not take it as main currency, if you look it from the side of government.
But i can imagine BTC as a currency of the people who wan't to be able to make payments (pretty) fast all
around the world within a few minutes.
Additionally its Pseudonymous.
legendary
Activity: 3318
Merit: 1133
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February 24, 2017, 09:49:55 AM
#84
Around the world only very few were aware of bitcoin, and only few countries have revealed positive statement supporting bitcoin. This doesn't mean that bitcoin goes as a main currency because no currency will be that volatile as our bitcoin. This increased volatile causes instability in economic situation which is not good for a growing economy.

This is the truth and should be accepted by many of the users here. If you are in a country where you see a lot of people that are using this technology then you are lucky.
But think about the other countries also. Sometimes in one city there is not even a thousand users there. That is one that should be considered when making something to be a currency, it should be known.
hero member
Activity: 2310
Merit: 532
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February 24, 2017, 09:45:18 AM
#83
Around the world only very few were aware of bitcoin, and only few countries have revealed positive statement supporting bitcoin. This doesn't mean that bitcoin goes as a main currency because no currency will be that volatile as our bitcoin. This increased volatile causes instability in economic situation which is not good for a growing economy.
sr. member
Activity: 406
Merit: 250
February 24, 2017, 08:46:15 AM
#82
I agree. I always considered myself as a currency Bitcoin official. although in my country, people do not know about Bitcoin, if any, that is a very small figure. I support the currency Bitcoin becomes official, and if possible, I want it to be the official currency of the world. I love Bitcoin and hope it grows. Currency Bitcoin is the most powerful
hero member
Activity: 882
Merit: 500
February 24, 2017, 08:40:16 AM
#81
I disagree because I believe bitcoin will not be the main currency in any country including the United States because bitcoin is not to be used as main currency. Although it is recognized to be the currency in any country, but it is only as an alternative from main currency. If that happens maybe bitcoin has not become anonymous and will be a big tax because there will be a rule from government, bitcoin will be change in total.
I also thinks the same , because Bitcoin have many question for itself own by the many countries .
Few of countries banned already Bitcoin and few of them are looking to ban .
Since we know that use of bitcoin is fully legal in some countries , but even after this fact most of the country's government doesn't support Bitcoin direct .
So if we will say Bitcoin as main currency then it is only our mind's word toward the bitcoin .
all over after these types of things , I will say that bitcoin is fully safe and we didn't need to prove it is legal or not .
hero member
Activity: 882
Merit: 500
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February 24, 2017, 08:24:32 AM
#80
Nah, the currency is already set in place and the original plan of the new world order been going on so Bitcoin won't really change anything.
full member
Activity: 121
Merit: 100
February 24, 2017, 07:44:11 AM
#79
being a decentralized and uncontrolled and ruleless currency government will never accept bitcoin as main currency but well government could modify or make a new currency of such type to enable wld wide transaction worry free and with just click of few buttons.

Yes, no government wants to use the system it can not control. Bitcoin brings many innovations in the sense of technology. The governments accept it. But governments are a bit distant because of the decentralized nature of bitcoin.
To me, Governments can do something using blockchain technology. They can produce a crypto currency they can check.
newbie
Activity: 20
Merit: 0
February 20, 2017, 08:48:07 AM
#78
Being a main currency for bitcoin is a very hard challenge because there is a lot of things to consider and there is also a lot of enemies to defeat and one of those is the government who are against bitcoin because they can't control it and they can dictate the market by their own. If bitcoin will defeat government and if government will start using it then bitcoin can be a main currency.
How do you imagine that bitcoin can beat the government? The government has all the levers of management of the banking system of the country and close cooperation with the governments of other countries.
hero member
Activity: 2590
Merit: 644
February 20, 2017, 08:42:49 AM
#77
Being a main currency for bitcoin is a very hard challenge because there is a lot of things to consider and there is also a lot of enemies to defeat and one of those is the government who are against bitcoin because they can't control it and they can dictate the market by their own. If bitcoin will defeat government and if government will start using it then bitcoin can be a main currency.
full member
Activity: 140
Merit: 100
February 20, 2017, 08:35:59 AM
#76
I don't see Bitcoin as a main currency. The government will take over with the control of Bitcoin. It might need more arguments and debate in order to make it as a currency of a specific country. It may be popular, but it should be how it is and how it was.
hero member
Activity: 840
Merit: 501
February 20, 2017, 07:49:19 AM
#75
It will be hard to share currency with other countries and the government doean't have any control over the currency, it will be easy for other country to destroy your country by buying all the coin and the economics of america will fall down due to the inflation because the bitcoin supply is not enough, it is a terrible idea to used bitcoin as main currency
hero member
Activity: 994
Merit: 544
February 20, 2017, 07:23:42 AM
#74
No, it's not what it's meant to be. It's better of as an alternative to whatever currency is used in the country. Even just the thought of the majority of people using it makes me somehow queasy. Sure it would be nice to be able to use it anywhere but the government wouldn't be happy with a currency it can't regulate. Seeing it starting to replace fiat could cause them to crack down on it. Or they'd jump the bandwagon and try to digitize their fiat.

Bitcoin can be regulated by the government and they have that technology and tools to do that. What is lacking in bitcoin to be a main currency is not it being decentralized but the total amount of bitcoins in circulation. As we all know that the number of money in a certain country is much higher than the number of bitcoins and if we talk of the whole world using bitcoins then there is a huge gap between the number of bitcoins in circulation and the number of paper money in circulation. There is a need to increase the number of bitcoins so it can match up to the total number of money in the world.
member
Activity: 69
Merit: 10
February 20, 2017, 07:18:57 AM
#73
I disagree because I believe bitcoin will not be the main currency in any country including the United States because bitcoin is not to be used as main currency. Although it is recognized to be the currency in any country, but it is only as an alternative from main currency. If that happens maybe bitcoin has not become anonymous and will be a big tax because there will be a rule from government, bitcoin will be change in total.

Seven years ago, nobody predicted that Bitcoin would be worth so much. But today the price of 1 BTC is more than $ 1000.
After 10 years, bitcoin can be a currency accepted in the world.
legendary
Activity: 1484
Merit: 1004
February 15, 2017, 02:18:05 PM
#72
No, it's not what it's meant to be. It's better of as an alternative to whatever currency is used in the country. Even just the thought of the majority of people using it makes me somehow queasy. Sure it would be nice to be able to use it anywhere but the government wouldn't be happy with a currency it can't regulate. Seeing it starting to replace fiat could cause them to crack down on it. Or they'd jump the bandwagon and try to digitize their fiat.

I agree that Bitcoin is better to be an alternative currency for the reason that Bitcoin is hard to regulate and control.  Second, if it is used as main currency, the nation economy who use it will be in the hand of those few whales that have a huge amount of Bitcoin in stash.  It is also safe from centralization of government that oppose the decentralization nature of Bitcoin.
It will takes a lot of time to make bitcoin used like what fiat done
At least hundred years required in my opinion
People not yet ready to fully accept bitcoin , a new financial technology , a breakthrough as digital money
Traditional thinker hard to accept the fact that today is not a stone age anymore.
legendary
Activity: 1442
Merit: 1025
February 15, 2017, 02:05:18 PM
#71
It is clear that bitcoin is only the online currency and good for investment but making as main currency then i think still their is lot of time to declare it as fiat currency influence is too high.
Bitcoin beats its competitors because of the community size it has. If it was smaller than another crypto's community, it is not unlikely that other crypto would take the position of the "best" or "only" crypto to do online business with or whatever.

Fiat will always have influence as long as it is impossible to buy everything with bitcoin.
Yeah, I too think that the bitcoin cannot be a main currency right now because people are used to use fiat and other digital money and trying to make people use bitcoin as a part of their everyday lives is a hard but slowly happening, so the best thing for bitcoin is it being used as a main currency on the internet but yet not in the real world, in the real world we should stick to fiat because it is much simpler at least as of now. In future things will get reciprocal.
copper member
Activity: 1050
Merit: 500
February 14, 2017, 12:03:26 PM
#70
No, it's not what it's meant to be. It's better of as an alternative to whatever currency is used in the country. Even just the thought of the majority of people using it makes me somehow queasy. Sure it would be nice to be able to use it anywhere but the government wouldn't be happy with a currency it can't regulate. Seeing it starting to replace fiat could cause them to crack down on it. Or they'd jump the bandwagon and try to digitize their fiat.

I agree that Bitcoin is better to be an alternative currency for the reason that Bitcoin is hard to regulate and control.  Second, if it is used as main currency, the nation economy who use it will be in the hand of those few whales that have a huge amount of Bitcoin in stash.  It is also safe from centralization of government that oppose the decentralization nature of Bitcoin.
full member
Activity: 182
Merit: 100
February 14, 2017, 11:58:19 AM
#69
No. I will create many problems for government so I don't think government will allow bitcoin as main currency.

Many people expect bitcoin will be approved by government regulation, because if it had been drawn up by the country's financial laws. All public facilities will accept bitcoin. Do you think otherwise? If so, congratulations. You as bitcoin user will continue as if a subway worker who was never appreciated by world governments, particularly in America.

I think wizmo idea is reasonable, because everyone who use bitcoin know that its very hard to track bitcoin or control it. Even the government, they don't have enough resources or don't have any solution to do it. And one of the main mission of the government is manage the currency of that country as much as they can because money affect to the strength of a nation directly. I think bitcoin should not be the main currency of any country, its just grow by its own way, which is used by as much user as possible and become the strongest digital coin that have more benefits (fast transaction, anonimously,...) than now
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