Bitcoin as Main Currency - page 7. | Bitcointalksearch.org

Yakamoto

legendary

Activity: 1218

Merit: 1007

Quote from: (o)(o)ilikeboobs(o)(o) on February 13, 2017, 02:56:03 PM

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.

bitbunnny

legendary

Activity: 2912

Merit: 1068

WOLF.BET - Provably Fair Crypto Casino

I'm not sure that is possible for Bitcoin to be main currency in America or elsewhere. That would mean that it should replace fiat money and that is just not possible and no government would allow that. But it's possible to get more excepted and more equal to fiat money not just in America but in other countries too, especialy the developed ones.

(o)(o)ilikeboobs(o)(o)

full member

Activity: 826

Merit: 105

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.

Railholic

newbie

Activity: 14

Merit: 0

bitcoin can't dominated as main currency because have fluctuative rate
as I see in future bitcoin just became investation for who like invest

malikusama

copper member

Activity: 1050

Merit: 294

Bitcoin's high demand and value is because of decentralization, if it would be the main currency of the america it will be no longer decentralized. It is not possible that a country make a decentralized currency as its main currency.

boybugs18

full member

Activity: 205

Merit: 100

It would take long to make bitcoin the main currency as other said every nation wants to take part on developing or holding the majority/power to decide what to do with bitcoin. Its hard to implement that and for me its better this way as people who loves bitcoin are those who can develop bitcoin not just a group who wants to gain profits.

BitFinnese

copper member

Activity: 1050

Merit: 500

Quote from: Kprawn on February 13, 2017, 01:01:21 PM

Governments wants to take full control over people's financial transactions and they will even replace it with their own version of Bitcoin in the

future. { One example is e-Krone in Denmark } So if these governments starts to use Bitcoin, they will try to take over the development and then

manipulate the currency to favour them and to infringe on people's private financial matters. We will lose all Pseudo-anonymity, because they

will regulate it to death. Angry

but the problem with the takeover is this, if Bitcoin become the main currency, all nation wanted to take part of those spot. So there might be some problem on selection on who will be the main developer especially when two opposing faction is really interested to take part of that team. So I guess it is still best for Bitcoin to be an altertative currency to fiat currency of every nation.

Kprawn

legendary

Activity: 1904

Merit: 1074

Governments wants to take full control over people's financial transactions and they will even replace it with their own version of Bitcoin in the

future. { One example is e-Krone in Denmark } So if these governments starts to use Bitcoin, they will try to take over the development and then

manipulate the currency to favour them and to infringe on people's private financial matters. We will lose all Pseudo-anonymity, because they

will regulate it to death. Angry

olubams

hero member

Activity: 798

Merit: 503

Quote from: MonkeyManofLife on February 12, 2017, 04:43:55 PM

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.

Even if individuals wanted the coin to be the main currency, the government still have the final say on what becomes what. And looking at the historical analysis, as developed as America is, people have grown to known dollars as their currency in which other countries have even keep their foreign reserves in that currency in which we can still not separate the influence of America from. Also, the notion that bitcoin is used by hackers so they cannot be traced is even still there among other campaigns against bitcoin. So in my own opinion, I will go with the idea that, bitcoin should be what it is until when its time for people to absorb it...

avatar_kiyoshi

legendary

Activity: 1106

Merit: 1000

I think to be a main currency is impossible, because the government will not let theirs replaced. Unless they use bitcoin technology to make their fiat become digital, but I think it will not be a decentralized anymore.

Quote from: avikz on February 13, 2017, 07:55:19 AM

Let bitcoin be used by the unorganized sector only and not by the governments. Because if money hungry government starts using it, then the general bitcoin users will be doomed soon enough. Either they will be put behind the bars or their bitcoin holdings will be take away by the government. So let it be at the same place as it is now.

Agree with this.

Zadicar

legendary

Activity: 1386

Merit: 1020

DGbet.fun - Crypto Sportsbook

I dont think soo that this thing will happen specially on us which we all know that they are strict when it comes to tax implementations and we all know that bitcoin decentralized and cant be controlled and government will surely prohibit on this thing for sure.

Taki

hero member

Activity: 1078

Merit: 514

Quote from: SvenBomvolen on February 13, 2017, 11:49:08 AM

With the current price for bitcoin it's just impossible. Bitcoin is limited by the number of 21 millions and it will be just not enough for all citizens of the US. But I like the idea about making bitcoin as mail world's currency, to achieve that bitcoin has to cost really a lot.

I am agree. The simple calculation tells us to bitcoin started to be used over the world as clinal currency the price has to be very high. And in this case people will use mostly mBTC or even Satoshies as dollar and Cent.

SvenBomvolen

hero member

Activity: 588

Merit: 500

With the current price for bitcoin it's just impossible. Bitcoin is limited by the number of 21 millions and it will be just not enough for all citizens of the US. But I like the idea about making bitcoin as mail world's currency, to achieve that bitcoin has to cost really a lot.

Mr.grin

legendary

Activity: 1218

Merit: 1000

I personally agree if bitcoin be main currency. but, I feel that bitcoin main currency on the internet. for paypal or others are merely a payment processor, and cryptocurrency currency here on the internet, and bitcoin is the main currency in cryptocurrency

the.jack20

full member

Activity: 121

Merit: 100

Quote from: MonkeyManofLife on February 12, 2017, 04:43:55 PM

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.

Why not?

Personally I would be happy with this situation. But it is not possible for any government to accept the bitcoin as its main currency.
States do not want what they can not control.

As far as I know, the world only accepts the Liberland bitcoin as the official currency.

KennyR

hero member

Activity: 2310

Merit: 532

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

That's not fair. Let it continue to be used as the alternate to banking and our traditional fiats. Bitcoin becoming the currency of America will make them grow high and not us, so I expect bitcoin to get served same as now.

iqlimasyadiqa

legendary

Activity: 1596

Merit: 1011

I certainly support it. if true then it could become a bitcoin digital currency is very strong. america government has a tremendous impact on the world. if bitcoin starts here then the future looks bitcoin is very bright .

mrjoy15

hero member

Activity: 868

Merit: 504

Bitcoin is a digital currency, which based on internet. Bitcoin already spread all over the world so their definitely a chance might be popular as day by day. Though it will be really how imagine if bitcoin is a currency of one country, but I don't like it at all. There so many difficulties might be created. While we all using this currency smoothly like as the main currency without having any issue there It is not necessary Bitcoin will be used mandatory.

noel2123

sr. member

Activity: 280

Merit: 250

It would be possible if bitcoin value can compete on US dollar. First of all, we know that US dollar is one our main currency. We should promote first the bitcoin, to make bitcoin be the main currency. We shall see the future of our money, we know that our paper money will be bitcoin. Our paper money would possible to be obsolete.

ko0ll0ove

full member

Activity: 182

Merit: 100

Quote from: MonkeyManofLife on February 12, 2017, 04:43:55 PM

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.

I don't think bitcoin could be a main currency of any country because of many reasons. cryptocurrency is an anonymous coin which can not be tracked or controlled so thats not good for government and national security. Lets say that more and more people start to use bitcoin, even more than 75% users in a country use it but ofcourse, the "headquarter" will never approve it. Although bitcoin has many good figures like fast transactions, can't be inflated,... but you have to amit that bitcoin is very hard to be the main currency of any nation.

Topic: Bitcoin as Main Currency - page 7. (Read 6049 times)