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Topic: BTC as a national currency? - page 10. (Read 12591 times)

jr. member
Activity: 178
Merit: 5
December 31, 2017, 04:53:55 AM
So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?
I do not think so, because after all the popularity of bitcoin is so wide, yet every country has its own currency. and the community prefers daily expenditures in the currency of the country. because the bitcoin value is too high for everyday shopping.
sr. member
Activity: 1722
Merit: 309
December 31, 2017, 02:37:53 AM
Bitcoin will not be a national currency because its supply is so little and it is designed to be used by any person in this world and not just a currency of a country so i really think that bitcoin will not be a national currency since there is already some of the countries that designed their own national currency.
sr. member
Activity: 602
Merit: 250
December 31, 2017, 01:57:28 AM
it hardly can be national currency in my country. Because the government still cant control it and this is new and high risk

If the condition for that cryptocurrency become an international currency is that it should be controlled by the government, then none of them will ever be - the reason is simple - cryptocurrencies are decentralized and can not be controlled.
member
Activity: 110
Merit: 10
December 31, 2017, 01:11:54 AM
it hardly can be national currency in my country. Because the government still cant control it and this is new and high risk
full member
Activity: 686
Merit: 104
December 30, 2017, 10:41:57 PM
So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?
I don't think so, because the government will not approve it. However, bitcoin is the digital currency and a valuable asset, its nature is also fluctuating. It will complicate transactions, especially for market. They will be difficult to fix the price if the bitcoin value up and down can not be predicted.
full member
Activity: 222
Merit: 250
Bitcoin ATOM FORK 1 BTC = 1 BCA
December 30, 2017, 10:34:32 PM
So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?

I think bitcoin can't or could not be currency National or currency of the world. this time bitcoin not yet payment instruments common throughout the world. the majority of the state still not set it. in fact, many regulations kill bitcoin with prohibit bitcoin circulating in a state. this time bitcoin still be enemy for banking the world. they fear increase the value of bitcoin high. maybe in several years technology blockchain adopted by crypto can be applied in banking and will be able to make bitcoin recognized all countries.
full member
Activity: 420
Merit: 100
Global Blockchain Solution For Transportation
December 30, 2017, 07:52:59 PM
So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?

I think it is possible
full member
Activity: 196
Merit: 121
December 30, 2017, 06:47:40 PM
I think no country will allow to replace their current currency right now. No matter how successful the bitcoin could, I don't think its possible to make bitcoin as a national currency.
Correct as you said no country allow to replace their exisiting national currency right now, because until now still so many countries in the world have not accepted it yet. Aside from that I think bitcoin need to be legal in all country before they become as national currency. For now as my own opinion needs more time to accept as a national currency.
full member
Activity: 322
Merit: 100
December 30, 2017, 06:41:00 PM
i hope it would become but in reality many government official against in bitcoin why? because it would lessen the people who use their paper money and it would lessen the money that they would corrupt thats how government think and some country ban with bitcoin because they can't control the bitcoin by itself if would be implement in our country i would be one luckiest person alive
member
Activity: 212
Merit: 10
December 30, 2017, 06:21:32 PM
So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?


There is really a possibility that bitcoin will be a national currency if the government in the specific country will allow it because nowadays it is already very known to public that bitcoin can help people earn extra money bigger than the usual they will receive in a corporate company they are working.
newbie
Activity: 18
Merit: 0
December 30, 2017, 05:15:30 PM
To be a national currency, there should be a central bank to control the system; this is against the core concept of bitcoin, that is decentralization
newbie
Activity: 17
Merit: 0
December 30, 2017, 05:02:43 PM
By definition, cryptocurrency was created to bypass states and border limits, so a national crypto doesn't make any sense.
member
Activity: 168
Merit: 14
December 30, 2017, 04:57:52 PM
Bitcoin is a digital currency.you can use Bitcoin globally.
Yeah bitcoin has the maximum potential to be adopted as national currency and bitcoin will bring huge development and business in that region and more of it bitcoin will give more fame to that region as well and there are more room of profit in that region and most of companies will shift their head office in that country because at bitcoin region business will grow more and on top of it economy of that region will always be high,

There is absolutely no chance for that to happen, except may be in some very minor states. Bitcoin is only backed by us, the people who believe in cryptocurrencies and are willing to accept it as money,
jr. member
Activity: 182
Merit: 2
dApps Development Automation Platform
December 30, 2017, 09:16:18 AM
So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?
Not possible because of the limited supply of Bitcoin. Also, there are still many issues concerning bitcoin like accessing it offline, the people to control it, regulations and others, are need to be addressed. Not all people has the internet connection so as not all humans know how to use computer.m
full member
Activity: 382
Merit: 100
Live cams shows pimped with cryptocurrency on Sexy
December 30, 2017, 09:04:27 AM
Bitcoin is a digital currency.you can use Bitcoin globally.
Yeah bitcoin has the maximum potential to be adopted as national currency and bitcoin will bring huge development and business in that region and more of it bitcoin will give more fame to that region as well and there are more room of profit in that region and most of companies will shift their head office in that country because at bitcoin region business will grow more and on top of it economy of that region will always be high,
hero member
Activity: 2898
Merit: 639
December 30, 2017, 04:46:17 AM
No, because the national currency is a Dollar not bitcoin because the bitcoin is this is an altcoin that is taken on the internet because of this via the internet we get a bitcoin this bitcoin is a huge amount it is only secretive to know i think the bitcoin not include national currency because any country illegal it is with them.
That point doesn’t really add up to something that makes some sense, cause you can’t just say that Bitcoin can’t be National currency just because it is called Bitcoin. Nope, there are reasons for it, and there are qualities of a true currency that Bitcoin, which are even many. Bitcoin doesn’t have a physical form, next it is decentralized and shouldn’t be considered as the currency of a country.

sr. member
Activity: 423
Merit: 250
December 30, 2017, 01:54:21 AM
So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?

Maybe yes , cause btc have the potential to be a national currency .
Agree with your statement that for a responsible government which is bound to reply before masses to accept an uncontrolled currency being a national currency in the country. Every government has his economical structure and rules regulations based on masses wealth security which is against bitcoin’s feature of decentralization it is therefore difficulties exist here for a government to accept bitcoin being a national currency across the country because bitcoin is completely volatile.
legendary
Activity: 3206
Merit: 1213
casinosblockchain.io
December 29, 2017, 08:53:46 AM
Nowhere bitcoin has got used as a national currency. In very few countries bitcoin has got importance similar to that of their own traditional currency. One such country that has made and supported for the growth of bitcoin is Japan. Hope this will continue with more countries leading to large scale growth.
newbie
Activity: 72
Merit: 0
December 29, 2017, 08:45:58 AM
I think no country will allow to replace their current currency right now. No matter how successful the bitcoin could, I don't think its possible to make bitcoin as a national currency.
hero member
Activity: 570
Merit: 500
December 28, 2017, 05:13:42 PM
So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?
It is hard to assimilate bitcoin as a currency in a national economy so it is almost impossible that bitcoin becomes a national currency.
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