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Hopalong

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Quote from: mattiadeabtc on July 29, 2015, 02:19:52 AM

I think when speaking a nation that adopts a currency based blockchain is a real utopia, atleast for the moment

In democratic countrys people has the power to vote for the politicians who are in favor of changing to a crypto. In my country we have a liberalist party who would support that idea if the question came up.

mattiadeabtc

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★YoBit.Net★ 200+ Coins Exchange & Dice

I think when speaking a nation that adopts a currency based blockchain is a real utopia, atleast for the moment

Hopalong

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Quote from: Derrike on July 29, 2015, 01:15:35 AM

Quote from: Hopalong on July 28, 2015, 01:04:41 PM

Quote from: unamis76 on July 28, 2015, 11:55:02 AM

I don't see how could Bitcoin become a national currency... Why would that happen? What are the arguments in favor? Countries should just replace their fiat with a blockchain equivalent...

A premined bitcoin clone would do the trick. Then all the people could convert their fiat to the new crypto.

ha ha ha, you are totally wrong man.
We all know about the preminted coins.
When the prices bump then the developers get greedy and dump the entire coins and the people who buy them are left with bags of shit coin.

I am not talking about some random scamcoin wich seems to be most of alts today. I am talking about a goverment who premine so all the fiat can be traded in. I anyone has a better ide about how a crypto could be adabted by a country go ahead and tell us.

Derrike

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Quote from: Hopalong on July 28, 2015, 01:04:41 PM

Quote from: unamis76 on July 28, 2015, 11:55:02 AM

I don't see how could Bitcoin become a national currency... Why would that happen? What are the arguments in favor? Countries should just replace their fiat with a blockchain equivalent...

A premined bitcoin clone would do the trick. Then all the people could convert their fiat to the new crypto.

ha ha ha, you are totally wrong man.
We all know about the preminted coins.
When the prices bump then the developers get greedy and dump the entire coins and the people who buy them are left with bags of shit coin.

Hopalong

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Activity: 112

Merit: 10

Quote from: unamis76 on July 28, 2015, 11:55:02 AM

I don't see how could Bitcoin become a national currency... Why would that happen? What are the arguments in favor? Countries should just replace their fiat with a blockchain equivalent...

A premined bitcoin clone would do the trick. Then all the people could convert their fiat to the new crypto.

Hopalong

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Activity: 112

Merit: 10

Quote from: Amph on July 28, 2015, 02:38:48 AM

Quote from: Hopalong on July 27, 2015, 06:52:48 PM

Quote from: gentlemand on July 26, 2015, 04:46:46 PM

Quote from: apriyani420 on July 26, 2015, 03:22:44 PM

why? i believe it would be a good idea, people wouldnt be more independent as they wouldnt need banks and the price would be more stable if countries start to accept it

The stability of major national currencies is down to their governments constantly tinkering with every aspect of them. There's no way they can control BTC. Just as we see with the Euro, you can't share a currency with wildly varying economies. What's good for one country is a disaster for another.

I live in a small country. We are rich but the economy is small compared to the big ones. Two times has the central bank had to fight of traders who tried to pump our economy.

Imagine a country with bitcoin as national economy who would be dependent on the wales behaving nice all the time. Scary tought.

this will be not true if bitcoin reach fully adoption, no whales or group of whales will be able to manipulate it on a long extent, this is why the price is important it cover us from pesky manipulator

so bitcoin can become a national currency if a country is in a very bad economic situation and need to start from zero, in this case it's better for it to embrace a good established currency like will be bitcoin and not re-printing of his scam fiat

If a country start to buy up bitcoin the price would rice so high and so fast that they would have used all their money long before they had as many bitcoins as the twinkle dudes.

The problem is that no country can buy up bitcoins with their own currency since it would crash and noone would sell them bitcoins. It must be a country like Zimbabve who uses a foreign curency who could do it. Probably would get 10K to 20K bitcoin before they run out of dollars since the bitcoin price would go to the moon when they started to buy.

foodstamps

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I guess it could happen if you consider the law of truly large numbers....but I think we have more of a chance of seeing this.

unamis76

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I don't see how could Bitcoin become a national currency... Why would that happen? What are the arguments in favor? Countries should just replace their fiat with a blockchain equivalent...

spazzdla

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The USD is a "smart value coin" how's that working out for the saver? utterly fucking terribly lol.

gentlemand

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Welt Am Draht

Quote from: Amph on July 28, 2015, 02:38:48 AM

this will be not true if bitcoin reach fully adoption, no whales or group of whales will be able to manipulate it on a long extent, this is why the price is important it cover us from pesky manipulator

so bitcoin can become a national currency if a country is in a very bad economic situation and need to start from zero, in this case it's better for it to embrace a good established currency like will be bitcoin and not re-printing of his scam fiat

How would that possibly work?

Said country will have to first buy all of this Bitcoin with their worthless fiat. No one's going to accept it and they'd jack up the price anyway until the country had to sell their population to get it.

Or they could just start another fiat currency again with a clean slate and full control.

Amph

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Quote from: Hopalong on July 27, 2015, 06:52:48 PM

Quote from: gentlemand on July 26, 2015, 04:46:46 PM

Quote from: apriyani420 on July 26, 2015, 03:22:44 PM

why? i believe it would be a good idea, people wouldnt be more independent as they wouldnt need banks and the price would be more stable if countries start to accept it

The stability of major national currencies is down to their governments constantly tinkering with every aspect of them. There's no way they can control BTC. Just as we see with the Euro, you can't share a currency with wildly varying economies. What's good for one country is a disaster for another.

I live in a small country. We are rich but the economy is small compared to the big ones. Two times has the central bank had to fight of traders who tried to pump our economy.

Imagine a country with bitcoin as national economy who would be dependent on the wales behaving nice all the time. Scary tought.

this will be not true if bitcoin reach fully adoption, no whales or group of whales will be able to manipulate it on a long extent, this is why the price is important it cover us from pesky manipulator

so bitcoin can become a national currency if a country is in a very bad economic situation and need to start from zero, in this case it's better for it to embrace a good established currency like will be bitcoin and not re-printing of his scam fiat

Hopalong

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Activity: 112

Merit: 10

Quote from: gentlemand on July 26, 2015, 04:46:46 PM

Quote from: apriyani420 on July 26, 2015, 03:22:44 PM

why? i believe it would be a good idea, people wouldnt be more independent as they wouldnt need banks and the price would be more stable if countries start to accept it

The stability of major national currencies is down to their governments constantly tinkering with every aspect of them. There's no way they can control BTC. Just as we see with the Euro, you can't share a currency with wildly varying economies. What's good for one country is a disaster for another.

I live in a small country. We are rich but the economy is small compared to the big ones. Two times has the central bank had to fight of traders who tried to pump our economy.

Imagine a country with bitcoin as national economy who would be dependent on the wales behaving nice all the time. Scary tought.

cogabonito

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Voted for "no blockchain will ever support a national currency"
Because it's too complex for national usage. Also Any government wants their currency is controlled by worldwide instead of themselves...

gentlemand

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Welt Am Draht

Quote from: apriyani420 on July 26, 2015, 03:22:44 PM

why? i believe it would be a good idea, people wouldnt be more independent as they wouldnt need banks and the price would be more stable if countries start to accept it

The stability of major national currencies is down to their governments constantly tinkering with every aspect of them. There's no way they can control BTC. Just as we see with the Euro, you can't share a currency with wildly varying economies. What's good for one country is a disaster for another.

fryarminer

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Quote from: Possum577 on July 26, 2015, 03:18:35 PM

The idea of Bitcoin becoming a national currency is scary

+1

It would go against everything Bitcoin stands for. And the regulation and monitoring would be ridiculous.

Amph

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Quote from: apriyani420 on July 26, 2015, 03:22:44 PM

Quote from: Possum577 on July 26, 2015, 03:18:35 PM

The idea of Bitcoin becoming a national currency is scary

why? i believe it would be a good idea, people wouldnt be more independent as they wouldnt need banks and the price would be more stable if countries start to accept it

the biggest benefit would get rid of that scam called exchange rate which can rise to 3% from fiat to fiat, but it would also lead every banks against bitcoin and probably governments against bitcoin, because they will lose their edge...

apriyani420

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Quote from: Possum577 on July 26, 2015, 03:18:35 PM

The idea of Bitcoin becoming a national currency is scary

why? i believe it would be a good idea, people wouldnt be more independent as they wouldnt need banks and the price would be more stable if countries start to accept it

Possum577

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Loose lips sink sigs!

The idea of Bitcoin becoming a national currency is scary

LiteCoinGuy

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In Satoshi I Trust

"2. constant value - smartcoins -"

secured/pegged to bitcoins blockchain i would say.

achow101

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Just writing some code

constant value relies on having something else to be compared against while floating value can have value independent of other currencies. A constant value coin would always be 1 coin = x USD (or any other currency) while floating value would be 1 coin = 1 coin. Why would any nation want to have their currency be based on someone else's? It essentially just makes their currency the other one but a different name. You don't see current fiat currencies like that, so why would any cryptocurrency that is adopted by a nation be like that?

Topic: btc (Read 1384 times)