Topic: Bitcoin as national currency? (Read 1020 times)
well as we can see that bitcoin is being accepted as digital currency in many countries, i think it's possible to make it happen because bitcoin can change in our local money but we can send it where ever our love ones is. being a bitcoin user i am hoping that it will happen sooner or later.
BTC can use such as a gold in the crypto world
Could it be possible that in the future there are countries that use bitcoin as the national currency??
I think bitcoin cannt to be the national currency today, maybe in future it is posible. when transactions all by digital. I hope it will be...
Among the reasons why bitcoin has not yet become a widely used means of payment, one can call high volatility, as well as problems with liquidity and legal regulation. Nevertheless, a currency that does not have a central regulatory mechanism becomes better in all of these aspects.
Could it be possible that in the future there are countries that use bitcoin as the national currency??
This is impossible. You see, national currencies depends on it's economic. And a national currency reflects the nation's culture and history. Bitcoin is digital, you cannot input a face of hero there.
And a national currency should be regularized and controlled by its government.
It is more possible that Bitcoin can be legal and widely used in a country rather than making it a national currency.
I don't think that any government (other than tiny nations like Sealand) would ever think of making cryptocurrencies as a national currency because governments are greedy for extreme control on almost everything and when it comes to crypto, it's exactly opposite concept. It believes in decentralization and government will never allow any such technology to take away control away from their hands. However, I am optimistic about legal recognition of crypto in major countries in next 5 to 10 years.
Could it be possible that in the future there are countries that use bitcoin as the national currency??
If you mean national then they should create their own national crypto currency and not Bitcoin, because it can be called as the global currency.
the national currency? I think it is more suitable for international currency, if a country makes cryptocurrency possible, but if bitcoin into the currency of a country I think it is impossible. there is still much debate and regulation to make bitcoin recognized and legalized by a country because of its decentralized nature. but I believe bitcoin will be the easiest, safest and most reliable means of payment and transaction in the future
Could it be possible that in the future there are countries that use bitcoin as the national currency??
Bitcoin is a global currency and therefore, cannot be used as a country's national currency, except the country creates its own coin for national use, which would then be converted to bitcoin for international use, anytime a transaction is to be made.
Bitcoin will grow in the future, but bitcoin becomes the national currency I'm not sure, because bitcoin is less effective to be made in the payment method, the public will still use paper money, to conduct transactions because it is more practical and efficient.
Could it be possible that in the future there are countries that use bitcoin as the national currency??
I don't think so. Bitcoin will still serve as payment online or as digital assets rather than into the national currency of a country. Bitcoin can be used as national currency,if government can be allow bitcoin.but I think now in the world many countries authority approve bitcoin.bitcoin now as a global currency.
It should go along with the fiat because most people do not recognize the use of bitcoin. For now bitcoin can not be fully used as a national currency, as most people may not be fully familiar with this crypto currency
Could it be possible that in the future there are countries that use bitcoin as the national currency??
That is quite possible, I think there will soon be a country that will accept some crypto currency as the primary means of payment. I'm almost certain that this would not be a BTC, but rather a coin that would be related to banks like Ripple.
It may be possible that some countries declare their national currency as Bitcoin. Or it is also possible that some countries may develop their Blockchain to start digital currency. But in both case Bitcoin will get benefit.
Could it be possible that in the future there are countries that use bitcoin as the national currency??
It can be possible for sure, still it can be used as additional payment method and it would be more realistic if goverments allow to pay by using cryptocurrencies in my personal opinion they would tax it as a normal currency
Legal tender depends on the national credit issuing people can believe, no national credit endorsement. Anything else can only be treated as an asset!
BTC is like this, no country's credit endorsement, this is the reason that many people do not believe!
BTC is like this, no country's credit endorsement, this is the reason that many people do not believe!
That would be amazing if some countries will consider bitcoin as its national currency although this is very unlikely. Even if some countries will consider it will be under the pressure of some powerful countries and top financial sectors. I do like countries being open to crypto and bitcoin.
Could it be possible that in the future there are countries that use bitcoin as the national currency??
It can be possible however we have to think outside of the box first and we have to fix out all the kinks first. It is up to us the bitcoin users and the whole of the cryptocurrency market as well to be the driving force for bitcoin oor even any other cryptocurrency as a trial for a national currency. With this regulations will follow and fair trade and practices compromises would have to be made and we have to sacrifice a lot for us to get there but if this ever becomes true then that would just certify that we were right all along
Could it be possible that in the future there are countries that use bitcoin as the national currency??
For the future, it could be that the whole world only uses one digital currency and it might be bitcoin, but sometime it happens. The more modern era so many possibilities later paper money will be replaced with digital money.
if bitcoin becomes a national currency it will be good for us because everybody who believes in bitcoin especially if our money is bitcoin.
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