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Topic: Bitcoin as national currency? - page 2. (Read 1020 times)

full member
Activity: 424
Merit: 108
April 03, 2018, 12:22:07 AM
In some countries like Japan, Denmark, Germany see bitcoin as a national currency. Governments encourage people to use bitcoins. They create all conditions for bitcoin to develop. Japan is trying to build a bitcoin capital. This is a good thing for investors.
Many countries already accepting bitcoin but they dont prefer it as their national currency. But they only recognize what are the good features of bitcoin when it comes to currency. They think that it has a big significance knowing the bitcoin and on how to earn or to do transaction using that
 
full member
Activity: 630
Merit: 103
April 03, 2018, 12:10:50 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

I think this is now possible in Japan and Germany because as of now these nations are using the capabilities of Bitcoin into its fullest in which they even use it now as salary form of payment and as a loan too. The very good thing in these countries is that the people could use Bitcoin currency without or very minimal tax payment only therefore with these progress i strongly believed that in the near future they will use Bitcoin as national currencies as long as i there is no negative issues will occur.
newbie
Activity: 71
Merit: 0
April 02, 2018, 11:55:14 PM
Bitcoin as national currency i think some government are accept but not at all. The bitcoin currency no one are control the money in any countries, but its really help to grow the economy of any countries that accepting bitcoin currency we get idea for investor to build a proposal and provide the bounty to help people who want to earn money in bitcoin just the way to make a successful in life but, they risk to start and fears into invest the effort to your work,  in my opinion the bitcoin after a year will exist the value of currency are also highest value in terms of currency of money in country.
full member
Activity: 476
Merit: 100
April 02, 2018, 11:41:24 PM
In some countries like Japan, Denmark, Germany see bitcoin as a national currency. Governments encourage people to use bitcoins. They create all conditions for bitcoin to develop. Japan is trying to build a bitcoin capital. This is a good thing for investors.
great news, i wish in my country as well, we hope that bitcoin get back to its peak. Smiley
full member
Activity: 476
Merit: 100
April 02, 2018, 11:39:47 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
I don't think its possible because the value of bitcoin is very volatile and people won't risk their cash if the value goes down. just like what cunguks said every country will make their own digital money that will be equal to their fiat money, that is the possible things that might happen. because what if you forget your phone or barcode scanner to pay u should also still use fiat money,

I think it's something so impossible to be real. The probability is zero percent. Countries are better off making their own digital money than having to make bitcoin as the national currency. Because the state must be able to give rules to the country's currency. Whereas no one has control over bitcoin.
exactly it has high chance that every country will make their own digital money.
full member
Activity: 854
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Polkadog - Multi-Chain Defi Meme
April 02, 2018, 11:22:38 PM
I think it's something so impossible to be real. The probability is zero percent. Countries are better off making their own digital money than having to make bitcoin as the national currency. Because the state must be able to give rules to the country's currency. Whereas no one has control over bitcoin.
hero member
Activity: 1246
Merit: 501
April 02, 2018, 11:15:30 PM
In some countries like Japan, Denmark, Germany see bitcoin as a national currency. Governments encourage people to use bitcoins. They create all conditions for bitcoin to develop. Japan is trying to build a bitcoin capital. This is a good thing for investors.
Indeed in the country strongly supports the existence of new things in the field of technology. I was a bit disappointed with many countries that refused. bitcoin is now embedded in politics in the play of many people
newbie
Activity: 132
Merit: 0
April 02, 2018, 11:11:14 PM
hello bro ... for national money if for now can not because there are still many countries left behind or still developing if for the future can happen and it can only be done only for certain products and can only be done for middle class or just elite, but with the rapid development of bitcoin can happen anytime because I feel the atmosphere is so amazing because the enthusiasm of many people who support the existence of bitcoin
full member
Activity: 125
Merit: 100
April 02, 2018, 11:00:46 PM
in 2008 satoshi nakamoto created the bitcoin and the blockchain technology , which allowed us for the first time in our history to send money world wide without the need for a bank or financial institution , this technology is revolutionary and even though its not intuitive it is obviously changing the financial landscape so yes we might see this situation in the very near future as even the people who are against the bitcoins are interested in blockchain.

I strongly agree on your opinion that, in 2008 satoshi nakamoto created the bitcoin and the blockchain technology , which allowed us for the first time in our history to send money world wide without the need for a bank or financial institution , this technology is revolutionary and even though its not intuitive it is obviously changing the financial landscape so yes we might see this situation in the very near future as even the people who are against the bitcoins are interested in blockchain. And adding also my opinion that, some countries like Japan, Denmark, Germany see bitcoin as a national currency. Governments encourage people to use bitcoins. They create all conditions for bitcoin to develop. In addition, the government will not allow bitcoin as the national currency.bitcoin still have to face many regulations in the world.
sr. member
Activity: 575
Merit: 250
April 02, 2018, 10:36:54 PM
In some countries like Japan, Denmark, Germany see bitcoin as a national currency. Governments encourage people to use bitcoins. They create all conditions for bitcoin to develop. Japan is trying to build a bitcoin capital. This is a good thing for investors.
newbie
Activity: 112
Merit: 0
April 02, 2018, 09:41:58 PM
the government will not allow bitcoin as the national currency.bitcoin still have to face many regulations in the world.but they still can not make it into the national currency.
member
Activity: 532
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Bitcoin lover!
April 02, 2018, 03:55:29 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
No, any country that takes bitcoin as a national currency will very quickly regulate its economy due to the fact that bitcoin has very high volatility. I also believe that the amplitude of fluctuations in the price of bitcoin with an increase in its value will only increase. On a small example I will explain that if, for example, you then go into the store, in the morning a certain product will have one price, another for lunch, the evening of the third and so on every day. At the level of management of the country's economy, this will generally be comparable to a catastrophe. Planning the economy of the country, as well as controlling the implementation of plans for economic development of the country will be impossible. I'm not talking about the risk of depreciation bitcoin at its high cost. Therefore, I do not think that any state will decide on such a step. In addition, it should be borne in mind that if the state takes bitcoin as its national money, then it will largely depend on the state of economic development in other countries where bitcoin will be used as a means of payment.
member
Activity: 602
Merit: 10
April 02, 2018, 02:11:42 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

That will not happen, the government will not allow bitcoin as the national currency. The value of bitcoin is unstable, and it is not very good if it is used as the national currency.
newbie
Activity: 228
Merit: 0
April 02, 2018, 01:49:15 PM
In my opinion about this issue. Bitcoin is not a national currency. and the purpose for its formation is to become the accepted currency of payment worldwide. In a way, it is similar to usd. Accepted as a general form of payment in the world. Bitcoin is being accepted as a payment method by many retailers in the world including Dell. And I hope bitcoin will be available on Apple's payment method in the future.
sr. member
Activity: 994
Merit: 256
April 02, 2018, 01:43:23 PM
In my opinion for me now is yes because bitcoin very indemand right now and many investor trust bitcoin to invest big money to  earn a lot of money from bitcoin and someday i will teach to my kids about trading bitcoin.
Yes things are going toward positive side so we have been using bitcoin for raising our living standards by earning through them and meeting our needs and desires. Likewise, there are people who trade in them, like you have said, big investors are likely to get into investment in bitcoins. This is happening and that is why bitcoins are continuously growing. We hope it will become a national currency one day.
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YOUC - https://www.youengine.io/
April 01, 2018, 10:09:39 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

It is possible sir. if bitcoin has been used by many peoples around the world in their life,
bitcoin can be the global digital currency for all of us. but for now, bitcoin still have to face many regulations in the world.
hero member
Activity: 2590
Merit: 644
April 01, 2018, 09:25:56 AM
I don't think that bitcoin will fit well into that category as a national currency because that is not a good move for a country if they will make bitcoin as a national currency since bitcoin has a very volatile environment that will make it hard for the people to manage their money and it will bring chaos since the prices will not be fixed like in the fiat.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
April 01, 2018, 07:33:26 AM
This is possible but being realistic, we know that once transaction volumes pick up then transaction fees will start going up too and this is a big hindrance for bitcoin as a currency.

we need to wait again in a few years because there is only a few countries that accepting bitcoin until now. but once the other country accepts bitcoin, then the possibility will become bigger and we can see that bitcoin will be a national currency. I think we can use bitcoin like it was and we have the opportunity to collect more bitcoin so we can be ready for this if the time comes.
newbie
Activity: 130
Merit: 0
April 01, 2018, 04:00:39 AM
This is possible but being realistic, we know that once transaction volumes pick up then transaction fees will start going up too and this is a big hindrance for bitcoin as a currency.
hero member
Activity: 854
Merit: 500
April 01, 2018, 03:44:25 AM
I do not believe in this. Bitcoin is a digital currency programmed to operate within the 21 million bitcoin limit. So it is hard for bitcoin to become a national currency. Japan is trying to build the center of the bitcoin capital and let the bitcoin grow even further, but they still can not make it into the national currency.
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