Topic: Bitcoin as Main Currency - page 8. (Read 6066 times)
Its nice to hear like that. But if bitcoin is made as the main currency ,it will affect the governments revenue and that will cause to weaken the country's economy. In my opinion if everybody start using bitcoin has the main currency, since all the transactions are anonymous , government wont get any revenue as tax from the people. So in my opinion the present system is really good and bitcoin payment should be made as an alternative or as on option.
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 don't agree with that. I don't think that bitcoin became a main currency in america or in the whole world.First, because bitcoin is a cryptocurrency and second for secure transactions without fees, they never allow it like a main currency.
For me, I like bitcoin like that.
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 think that would be a terrible thing, cause if that happened right now it would cost a fortune to make daily transactions for everything.
I do not think that bitcoin has what it needs to become a main currency.
First of all, I think that the process of decision making is way to slow in the bitcoin system.
A currency must have the capability to react on circumstances of the economy, and I do not see that is given with bitcoin.
First of all, I think that the process of decision making is way to slow in the bitcoin system.
A currency must have the capability to react on circumstances of the economy, and I do not see that is given with bitcoin.
Nope, I think we are in right position that is clearly distinguishing fiat currencies and cryptocurrencies. It would create many conflicts if any government is adopting bitcoin as a main/official currency of that country. Being in a decentralised phase, bitcoin (and we) are enjoying the freedom of transactions and freedom from boundaries so I would say, let it be like this forever.
We all know that bitcoin is very
popular around the world but
I do not see bitcoin as a main
currency, I like bitcoin on what it is now.
popular around the world but
I do not see bitcoin as a main
currency, I like bitcoin on what it is now.
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.
Let Bitcoin be the currency of eceryone and not just America as the decentralization was just created to make it have its independence from any government or system hence we cannot allow American or any single country monopolize Bitcoin.
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.
If that happen, bitcoin will be an international currency, because many countries were save USD as reserve currency because they sure that america is strong country that the economy will be always stable.
Bitcoin is already a world-currency. I don't know why people give much importance to government, if you and me holding Bitcoin and the fact that we both belong to different nations can use it then it is a conclusive proof that Bitcoin is international.
Now coming to USD reserve, forex is one the prominent aspect of country's treasury. It is mandatory to carry foreign trade and investments. So not only USD, countries maintain reserves in almost all currencis of countries which are its trade partner.
I disagree with you. Bitcoin doesn't have the basic characteristics to become a mainstream currency, so becoming the currency of USA is not possible and not feasible for bitcoin. USA dollar is backed up by federal reserve whereas bitcoin is not backed up by anyone, just generated from a computer program. So it lacks the basic eligibility criteria.
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.
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.
If that happen, bitcoin will be an international currency, because many countries were save USD as reserve currency because they sure that america is strong country that the economy will be always stable.
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.
If the main currency in America was bitcoin, I would use it. But they will not allow it. The dollar is the main reserve in the US.
The dollar is used as reserves all over the world. They do not want to change this order.
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.
It can't handle the transaction capacity of a Major U.S. City , much less a Country.
Why just US? Why not all countries of the world? But if it becomes a currency of a country, are you willing to give up anonymity? Are you willing to give control over your bitcoin to the government? I don't. Let us keep bitcoin as an alternative currency and keep it away from the grasp of any government.
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.
I agree with you kevin. Let Bitcoin be an alternative to dollar or other currency in other country. An alternative payment option etc but each nation has its own main currency.Leave bitcoin alone as it is
Let bitcoin evolve on its own. bitcoin should be a voluntary second option outside of U.S legal tender laws.
let fiat burn in hyperinflation but dont make bitcoin be the government taxation tool after that.
let them keep asking for worthless fiat(or hyperledger coin thereafter). while bitcoin stays out of the jurisdiction of U.S legal tender.
that way bitcoin doesnt get limited by bureaucracy or stolen from you simply for parking tickets or other fiat grabbing reasons.
keep it free from governments grasps
Yes, I like the idea of bitcoin as an alternative currency which excluded from centralization and controlled object by government.let fiat burn in hyperinflation but dont make bitcoin be the government taxation tool after that.
let them keep asking for worthless fiat(or hyperledger coin thereafter). while bitcoin stays out of the jurisdiction of U.S legal tender.
that way bitcoin doesnt get limited by bureaucracy or stolen from you simply for parking tickets or other fiat grabbing reasons.
keep it free from governments grasps
Bitcoin won't be so attractive if government start to collect higher taxes from bitcoin users as what they did to other financial sources.
For now, let them give legitimacy for bitcoin and regulate exchanges to prevent illegal activities or any adverse effects for citizens.
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 think I will agree if the both of the currencies will become the main currency of America. Both are useful in my mind. Bitcoin for controlling the digital transaction and fiat currency to controlling your daily life. 
Bitcoin as a country main currency is a dangerous thing for the country, because the government can't control it, and when the government can't control the currency there will be an inflation and the price of the thing will become fluctuate, I prefer bitcoin only act as sub currency not as a main currency
bitcoin was not created for a country only, IMO. bitcoin users, of course, like when bitcoin becomes more famous and many people use it, but when bitcoin become's America's main currency, I think bitcoin will be not same anymore. probably the USA government do some researches to bitcoin like identity, or kind of thing. so I wouldn't like it and agree.
I forgot to put that in my post. Because, I was just thinking one country when it is mean't for all countries sorry!
I do not see bitcoin being a main currency, because being a main currency means being centralized and control by government. Bitcoin is fitted being an alternative currency, it is its nature, decentralized and free from any regulatory grasp of the government.
Yes, it is most likely not going to be a main currency but, I was just wondering if you would like it as a main currency.
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