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Topic: Bitcoin as national currency? - page 6. (Read 1035 times)

full member
Activity: 266
Merit: 100
March 23, 2018, 05:08:48 AM
Could it be possible that in the future there are countries that use bitcoin as the national currency??
yes possibly but i dont think its national or globlly because some of countries around the world are already banned bitcoin
newbie
Activity: 252
Merit: 0
March 23, 2018, 04:49:43 AM

I'm not sure whether the currency can be made into the national currency later.
Because I think digital currency is very inefficient if used as a payment method
I think in 2030 it will be strong
newbie
Activity: 39
Merit: 0
March 23, 2018, 04:40:34 AM
Most of the money governments have comes from the possibility of them printing money to themselves. Since Bitcoin could remove that possibility, I don't think they would accept it.
copper member
Activity: 362
Merit: 1
March 22, 2018, 05:44:04 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

Maybe it's nearly possible to be happen because as starting accept and use bitcoin as a form of payment in some countries there's a possible that they will publish bitcoin as a form of currency of their country. 
sr. member
Activity: 472
Merit: 250
March 22, 2018, 05:34:06 PM
the true limits of bitcoin and other cryptocurrencies as a national currency are their instability and strong variability. A state currency must be more stable.
jr. member
Activity: 308
Merit: 3
The Premier Digital Asset Management Ecosystem
March 22, 2018, 05:19:54 PM
Can not be, Bitcoin though created for the purpose of fast, low cost transactions. Alternative cash in the future but I do not think BTC cleared the cash register. BTCs are very risky and are only suitable for intellectuals. Some of them are not familiar with BTC they can not make orders and some places are poor. They have no machines to hold the BTC. BTC can not replace cash. I think so.
full member
Activity: 406
Merit: 100
March 22, 2018, 04:52:35 PM
Could it be possible that in the future there are countries that use bitcoin as the national currency??

that is almost impossible. I think Nations would rather create their own crypto currency than use bitcoin for their national currency. Bitcoin is decentralized that traded without legal financial supervisor as a condition becoming a national currency.
member
Activity: 252
Merit: 11
Decentralized Digital Billboards
March 22, 2018, 04:51:40 PM
I don't think Bitcoin will be a national currency. Bitcoin is and will be the world digital currency. Some day it will be approved by most countries.
newbie
Activity: 113
Merit: 0
March 22, 2018, 04:42:59 PM
It's possible but for now it still feels much like a far fetched idea. There are issues to be sorted out with bitcoin before we can consider using it as a national currency such as transaction times and fees.
jr. member
Activity: 162
Merit: 3
Free Crypto in Stake.com Telegram t.me/StakeCasino
March 22, 2018, 02:15:24 PM
This will be better if Bitcoin be our national currency. But I think it is not possible  because some of issues.  It has no physical body and also not controlled by government. People  mine it how much they can. Always  it need internet  ,and think if anyone  has no internet  for a while  they can't pay or accept  bitcoin  from other and transaction will be postpone.
newbie
Activity: 308
Merit: 0
March 22, 2018, 02:13:21 PM
#99
How can you be paid by bitcoin when today it's worth $100 but tomorrow it's just $80?
It's not kind of money for you to use in daily life man, just on crypto market Smiley
full member
Activity: 476
Merit: 124
March 22, 2018, 02:12:00 PM
#98
Bitcoin being the national currency of a country could be possible when the majority of the public have embraced the advancement of the way we transact with money. However, due to the unpredictability of BTC price, it is highly unlikely unless regulation and stability takes place.
full member
Activity: 252
Merit: 100
March 22, 2018, 01:48:09 PM
#97
I think that all of the countries will produce their own digital money.States have to keep pace with technology.Those who can not compete will suffer economic difficulties in the future.
member
Activity: 224
Merit: 10
March 22, 2018, 01:47:04 PM
#96
Could it be possible that in the future there are countries that use bitcoin as the national currency??

It would not be possible. Even a country already accepts bitcoin, it would be hard to adapt it as a national currency. People in that country must be interested in bitcoin and must be using it. Considering that it is a cryptocurrency, not all people have an access to it especially those with no internet.
jr. member
Activity: 896
Merit: 9
March 22, 2018, 01:45:16 PM
#95
bitcoin can not belong to a nation, it is against it's grain. first feature of bitcoin is to be decentralization and being as a antional currency makes bitcoin centralize.
full member
Activity: 308
Merit: 100
March 22, 2018, 01:39:42 PM
#94
Could it be possible that in the future there are countries that use bitcoin as the national currency??
bitcoin run already like international currency but not really in all things

We can use this to do transaction all over the world like variety of payment method but still because of the volatile price of it some countries not acknowledge it like in our country even we already use this
sr. member
Activity: 546
Merit: 250
March 22, 2018, 01:34:53 PM
#93
Could it be possible that in the future there are countries that use bitcoin as the national currency??
I think it is impossible because  the price of Bitcoin can't be controled by government.
But if the country use blockchain system it is possible, very very possible.  Wink
member
Activity: 952
Merit: 41
March 22, 2018, 01:34:13 PM
#92
It is possible and at the same time it wine very hard for that to happen because most countries at this present time are against bitcoin and are seeing bitcoin as a threat to there financial system and at that government are always against and attacking bitcoin but any country looking for ways to grow it economy and being able to control or regulates it activities must first of all accept bitcoin as part of they national currency.
sr. member
Activity: 574
Merit: 256
March 22, 2018, 01:28:13 PM
#91
It can be possible but chances are least.This is because Bitcoin has no physical form and it is decentralized in nature that's why government or bank is not able to control the transactions made through Bitcoin. So I don't think that any government will allow such currency over which they have no control to replace fully trusted fiat currency. No doubt many countries are trying to be cashless nowadays and Bitcoin can be a help in this approach so they can support Bitcoin but declaring Bitcoin as their national currency is not possible.
sr. member
Activity: 392
Merit: 257
March 22, 2018, 01:24:52 PM
#90
Nope as bitcoins are now it is not possible to be an national currency and I doubt it ever will be firstly because it is decentralised how would government even use it as a national currency if they can't even use them and also bitcoins are highly volatile and unpredictable which you cause confuse among many people using or accept them as national currency.
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