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Topic: BTC as a national currency? - page 29. (Read 12619 times)

full member
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Arianee:Smart-link Connecting Owners,Assets,Brands
November 12, 2017, 08:33:56 AM
I think Bitcoin can not be a national currency of any country. Although Bitcoin has a bright future. It will be very popular in the future. Many people will be interested in it. But we know Bitcoin is free. The government of any country can not control it, so it is unlikely to be a national currency. It is not a paper currency, it is worthless without internet, because of all this it can not be a national currency.
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November 12, 2017, 07:27:43 AM
Bitcoin is a universal monetary valued crypto which is used whole around the world. Who knows even the aliens may use this for transactions with us humans Grin Grin
hero member
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Bitcoin- in bullish time
November 12, 2017, 06:46:52 AM
Yes....there is a big possibility that the bitcoin will become a national currency. Aside from its popularity, it has an advantage from other currency because of it's amazing features that no other currency has. And that features may be the reason for it will become a national currency in the near future.
Bitcoin will not become a national currency because bitcoin is a virtual currency and in a country you cannot avoid that there are people how are homeless or very poor that can't even afford a smartphone or even internet connection so how and what way will the government will help them and try to make them escape from poverty if they cannot use the national currency like bitcoin? If you will ask me, bitcoin will stay at it is, as a cryptocurrency but for the rest, bitcoin is just an option.
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Blockchain with a Purpose
November 12, 2017, 03:31:21 AM
Yes....there is a big possibility that the bitcoin will become a national currency. Aside from its popularity, it has an advantage from other currency because of it's amazing features that no other currency has. And that features may be the reason for it will become a national currency in the near future.
legendary
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November 12, 2017, 02:21:44 AM
At this moment its a NO for me. There are many reasons why bitcoin cannot be used as a national currency. One is the slow transaction of bitcoin and the high transaction fees. Another is the volatility of it and last is some people didn't know that bitcoin has been exist in the world.
full member
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November 12, 2017, 01:41:41 AM
maybe we'll be waiting for a long time to find out if national currency is actually a bitcoin if it's national money really is it just how dollar and pesso are they still available? it is no longer just a bitcoin to be used by people so the government simply does not allow it to require a thorough hearing about it.
full member
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Merit: 102
November 12, 2017, 12:35:15 AM
bitcoin will not be as national currency, governments will not agree for this, I prefer to use fiat than bitcoin because fiat is no need to use some of technologies to transaction, but bitcoin we need some technologies to use for transaction, I'm ok with bitcoin as a global virtual currency.
sr. member
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Merit: 251
November 11, 2017, 11:43:36 PM
Maybe not at this moment.There are some factors that need to be considered before making it a national currency.Some countries have bitcoins but not widely used.
It will take long that bitcoin become national currency. It takes time to be plan and develop bitcoin because it is not yet worldwide use and still fiat currency as the main use by whole nation. Yes there are many things to be considered before this will be finalize.
full member
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November 11, 2017, 11:41:07 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 won't be a national currency for a certain country since it is decentralized and is an opensource system so no one owns it. Also a national currency is the symbol and identity of a certain country so I think it is not possible for Bitcoin to be a national currency. It can be an internatinal currency by the tine that it is already legal to most of the countries.
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November 11, 2017, 11:35:55 PM
Maybe not at this moment.There are some factors that need to be considered before making it a national currency.Some countries have bitcoins but not widely used.
full member
Activity: 434
Merit: 100
November 11, 2017, 10:25:10 PM
That would sound nice but come to think of it, it already have become a national currency but not just national but international. Sounds great because all of us know and accept bitcoin as a form of payment but when someone pushes bitcoin to become known by our government, come to think of it when bitcoin is under the government, our government. It would be chaos because the output or the result of their actions is already familiar to. Our money has been under so many laws that decreases our profit. This are called income tax and many more. Imagine bitcoin and other cryptocurrencies meet the same state? we would not earn anymore the same. It would be hard and it would be chaotic in my opinion and observation.
full member
Activity: 336
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November 11, 2017, 09:38:30 PM
bitcoin may be in good form right now, but it still cant be a national currency because of it being very volatile. government cant charge taxes when making a crypto transaction, and crypto is very hard to regulate.

The rate of bitcoin is not still high and it is because still there are maximum number of people who are unknown about bitcoin so when a time came that maximum number of people will know about bitcoin then the rate of bitcoin will also increase and then it will be more probable that bitcoin will become the whole world unique currency not only a national currency.
sr. member
Activity: 1484
Merit: 276
November 11, 2017, 09:22:08 PM
bitcoin may be in good form right now, but it still cant be a national currency because of it being very volatile. government cant charge taxes when making a crypto transaction, and crypto is very hard to regulate.
member
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November 11, 2017, 04:37:34 PM
I doubt it will be. Because of the fact that it is difficult to regulate. For it to become a national currency a government must agree to it and do away with their own currency. No government will dothat.
hero member
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November 11, 2017, 12:30:50 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 might be possible because bitcoin comes with so many benefits and advantages that might be any country's whee it's people will use more bitcoin than regular Fiat will make it their national currency.  I believe that you can not predict anything in case of bitcoins.  But with due time there are very chances that people will invest more and more in bitcoin.  So there are possibilities that it may become the worldwide currency.  The system of currency is running from so long.  And this digital advancement is the knock of future on our door steps.
National currency means this currency can manage by the government or the national banking system. You forget the government can not manage the transaction of Bitcoin if the business want to evade tax. Because the business do not report the total revenue from their business, the government will can not tax them Smiley
sr. member
Activity: 317
Merit: 250
October 26, 2017, 06:36:14 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 might be possible because bitcoin comes with so many benefits and advantages that might be any country's whee it's people will use more bitcoin than regular Fiat will make it their national currency.  I believe that you can not predict anything in case of bitcoins.  But with due time there are very chances that people will invest more and more in bitcoin.  So there are possibilities that it may become the worldwide currency.  The system of currency is running from so long.  And this digital advancement is the knock of future on our door steps.
sr. member
Activity: 1498
Merit: 374
Leading Crypto Sports Betting & Casino Platform
October 26, 2017, 06:22:04 PM
,i guess yes it is already, even though some of the countries aren't legalizing or not yet legalized bitcoin, there are already  exhanges happening in their local currencies or fiats. Maybe there are so many rumors or speculations that it may replace the fiat in terms of value, i don't think it is quiet impossible for now, maybe someday we don't know.
Well as for now i already consider it as a national currency because btc in the known crypto currency in every country. It is like a universal language for all of it's users from the different country. But being national only in the crypto world would be nice because being national in the real world that is risky and somehow imposible because every country has it's own.
hero member
Activity: 1750
Merit: 589
October 26, 2017, 06:14:42 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?
Could be yes and can also not. Become a national currency is too impossible, because bitcoin crypto currency that exist only in internet world, but can also yes in this world nothing is impossible
Well if I am the only to decide I guess I can see bitcoin to be a national currency because it is widely being used by all of the users in different company as the main cryoto currency so yes it is international for me but only in the crypto currency world. Because to be international in the real world comes in with many complications and risks for users.
full member
Activity: 210
Merit: 117
October 26, 2017, 05:51:38 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?
Its not true that bitcoin can be our currency as long this is not accepted by other country it cannot be our national currency.In japan it would be accepted due to its has no third party and they would like that nobody can control their money but among themselves.Maybe its accepted as alternative currency of us.
hero member
Activity: 2184
Merit: 531
October 17, 2017, 05:40:04 PM
I think BTC would never be accepted by states as alternative to national currencies. Governments just won't allow it.
It's happening in Japan as we speak, so you're totally wrong.
It might never be accepted as a main national currency because governments like to have their fiat under control and nobody can control Bitcoin, but it could very well be an alternative currency with 100% adoption and regulation.
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