Topic: BTC as a national currency? - page 16. (Read 12591 times)
For me, bitcoin as a national currency will be complicated because some countries already ban bitcoin for some reason. Yes, you can use bitcoin globally but, some nation already ban bitcoin, and they don’t have any access to bitcoin world. Even bitcoin is a digital currency, and the volume of its value is significant, the acceptance of it is still very low that you can’t use it to buy something in the store or another establishment. But some companies accept bitcoin as payment, and that sounds good. Maybe in the future bitcoin will have a chance to become a national currency.
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?
BTC is originally design as the future currency but sad to say, right now it is impossible for btc to be the national currency. People sees it as an asset where they can invest and gain profit out of it. Every country has their own currency that's why as of now btc will never replace the current currency. It will take long years to make it happwn.
National? Maybe in a country who will accept bitcoin. A country that will support bitcoin not banned it. If that time comes other country will support too if they know what bitcoin could did to a poor country. That someday even a poor country will be a riches country or maybe they will not left behind.
I think it is not possible for a country to adapt bitcoin as their main type of currency, the thing is all countries economy is base on the fiat currency to roll the economy well and it will took long discussion, but the possibility is always open.
i think it is quite possible and I respect your idea on this but as for my view, having such a big value in cryptocurrency,there is a higher chance that bitcoin will be a national currency. I strongly believe that if they allow this to happen, maybe many investors will help each other's country to develop establishments and of course the economy. It sounds valuable and amazing for everybody is using bitcoin for every purchases and the like.
I think bitcoin is designed to be used in all countries in the world with low transaction costs, currently bitcoin users are also getting more so it could be bitcoin into an international exchange tool and replace the money
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?
if bitcoin is used as national money then it will cause the bitcoin scarcity and the transaction is very dense and the price will be more expensive, because getting bitcoin is very difficult.
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?
What country then? Bitcoin is decentralized also it is a digital currency. And with that, I thonk it is impossible for Bitcoin to be a national currency. Bitcoin is not under any form of government or country, so it is really not possible for Bitcoin to be a currency that is a symbol of a culture, history and trademark of a certain nation. 
Bitcoin is a new technology in the world and it is first digital currency. I think it is a secure currency that's why I think it will be. it is not legal money county.I think Bitcoin exchanges will also come under additional regulatory scrutiny.we want to see bitcoin as a national currency but it will be a little difficult I think that it is not legal every country. if it legal every country then it will be easy.
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 it could happen but it really takes a long process and time because not everyone can understand about digital currency. 
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?
No, I'm sure it could never be the currency of any country since its value always changes with the market so this certainly does not happen.
national currency you talking about same national currency all over the world or just for one nation, either way i think it will be a little difficult to adopt it a world wide currency or national currency , for reasons every country beholds their own set of abilities and resources which makes country to compete and their currency to have upper hand comparing to other nations and it represents power,it might be difficult to do so with bitcoin ,because they can't just put everything online , talking about things within nation , i doubt it will make legal tender may be it will but will come second to their existing currency. developing nations consist of large section of society who do not have access to internet and people who work as daily wagers , it will difficult to pay them because they already are surviving with difficulty just fulfilling their basic needs and in some cases these basic needs are not been fulfilled entirely. Introduction of bitcoin will also make the cash to vanish slowly which is a good thing because it brings transparency but what about countries who have more than 50% transaction in cash.
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 at this moment we should wait for more development of it and its effects on business, but in my opinion I think it will never happen because there is no government without national currency and it will only happen if all of their legislators agree to it or maybe majority which is very impossible to happen. 
Won't happen ever, A currency become a national currency only if the government supports the money, but Bitcoin can't be controlled and because of that government couldn't get any tax from it so the number one thing that government hate is cryptocurrency.
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?
No, I'm sure it could never be the currency of any country since its value always changes with the market so this certainly does not happen. 
This is gonna be far from the reality. First if all, no government of a country would want to have a national currency that is not regulated. Second, the government also would not want to not able track transactions as Bitcoin is transacted anonymously. Well we can not also blame it to them. As they needed also to do those things to be able to balance the economy. And they can only do that with the current fiat currency we have because it is printed and regulated by government.
I think BTC can never be a national currency although it is a widely accepted digital currency. National currency has a reserve of physical gold in the national treasury of a certain country or single administrator while BTC works without a central Bank or single administrator. On the other hand, national currency transactions are physical and known while BTC transactions are anonymous.
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 be a national currency because every countries have their own currency that their citizen use in the old times until now. But bitcoin could be a side payment because everyone can't block technology improvement, now many e-commerce spread worldwide with many options to pay for their products and services. People could pay in cash, paypal, credit card, even bitcoin can use to pay for it. I think the US government is developing its own cryptocurrency right now, which might become a national currency
National currency will be accepted by a country when there are large number of people follow the same currency and I think bitcoin is not still at that stage but it is more possible that bitcoin will cross this target and will become national currency. 
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?
bitcoin into the national currency may experience many obstacles because the main factor is the availability of bitcoin is still very limited and bitcoin still not stable this will make the users will feel afraid if the price suddenly become collapsed.
I don't believe it will ever be, since governments want to have control over the money
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