Topic: BTC as a national currency? - page 35. (Read 12619 times)
This could happen because humans always innovating. Anything always has shortcomings, especially for level of state and currency are things and forms that are very important to determine existence and legal status that protect it. Not everything can be solved by digitizing. Bitcoin is presented to facilitate things related to finance, but difficult to adopt as currency a Country.
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 is just a digital currency and it will be a digital currency forever. Because being a national currency is the first place is a very big news or milestone. Bitcoin is just for online many people can't access it because the bitcoin is not available when you have no gadget and internet. 
Bitcoin is already used as an international currency, but no country will make it a national currency, because it will look wrong. There are already national currencies and it is inappropriate to replace them with others.
BTC if not controlled by government cannot become a currency. Because currency is being issues and controlled by government. Any currency which is not legalized and not controlled cannot become a part of country. Also a national currency can only be one currency there cannot be multiples of it. Well yes btc is being used in many counties but by far only for trading , as a investment and few use if for buying stuff. SO a long way to go for btc.
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 really don't wanna say that this idea is nothing but bullcrap, but the thing is, i have already said it.
Anyways, sorry for that, but really, i can't see this happening. It is just impossible. Because the way i see it, the government and banks secretly hates things they can't control. And guess what? crypto currencies are also a part of it. Plus, the people who don't know about bitcoins or doesn't use them don't need them. Who would want that much hassle in buying a piece of cheap candy? I mean, with all the fees that can even go higher than the price of what you may buy, and the time it takes for confirmations to finish, it is just impossible. Sorry man but this is reality.
Bitcoin is becoming people currency. It better suits to bitcoin concept. National currecy is part of state policy and imply certain state control.
You used the very appropriate term “People Currency”. But you never know when you come across the point where you see this currency changing into “State level Currency” but this will definitely not going to happen in near future. Still chances are there.There will be a huge uproar from long time users and people who've been used to btc as it is. Bitcoin can never be a national currency for any country at it's current state. There would have to be major changes which would be unacceptable for people using it now
Bitcoin is becoming people currency. It better suits to bitcoin concept. National currecy is part of state policy and imply certain state control.
You used the very appropriate term “People Currency”. But you never know when you come across the point where you see this currency changing into “State level Currency” but this will definitely not going to happen in near future. Still chances are there.
It might become a national currency for some virtual country with virtual nationality...
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...
It will only be possible if Bitcoin doesn't assume any central control at any point in time because becoming a national currency means the central bank or government of a particular nation has approved it and will they approve it as a legal tender without control? That's why it doesn't seem feasible to me even in the next 100 years.
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...
It will only be possible if Bitcoin doesn't assume any central control at any point in time because becoming a national currency means the central bank or government of a particular nation has approved it and will they approve it as a legal tender without control? That's why it doesn't seem feasible to me even in the next 100 years.
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...
I think the whole idea is not a good one because it's hard to "implement" bitcoin as a national currency because of the infrastructure and other legal issues that a country faces. But I think that it's good to see bitcoin being more popular more useable by people and step by step bitcoin can become the most used currency within a country and then the government can think if it worth or not to set Bitcoin as a national currency.
Bitcoin is already used as an international currency, but no country will make it a national currency, because it will look wrong. There are already national currencies and it is inappropriate to replace them with others.
Bitcoin is becoming people currency. It better suits to bitcoin concept. National currecy is part of state policy and imply certain state control.
If I will be ask for these? It will be great. Not only national but, international currency l. Bitcoin is very strong cryptocurrency. I will not be shock if it will rise above all in this world. Cause we how effective and how wonderfull it is.
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...
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 has the possibility that bitcoin will become the national currency but it takes years for this to be happen. First and foremost to be able for this bitcoin become the national country it should be familiarize with all people around the world. Another is that bitcoin should be accepted with all the country around the world and lastly it should have a price that are affordable by all people. 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 will never happen. First, even though that BTC is aggressively penetrating the market. Solely because it's not legally accepted worldwide. If this happens then Government would impose laws and regulations in which Bitcoin transaction will be centralized under the Government and we are now not anonymous. Basically, before that could happen it would be turned down by some powerful people that hold a place in the Government. Why? Personal Interest. They know that the current status of Bitcoin in which they took advantage on the decentralization of the industry. So that they could transact freely and without boundaries. Currency cryptocurrency or bitcoin in my opinion will not be able to replace the state currency, because if bitcoin will take over the country's currency the government will certainly act immediately to stop bitcoin.
Why government act immediately to stop bitcoin ? I mean is there any trouble for them or they want to make his national currency continue? But any way I think bitcoin will never be a national currency because bitcoin work good on global level, they unique state can’t be able to maintain that popularity of bitcoin, so it work good just the way it is.
Thus there is no chance of ungoverned crypto-currency (including bicoin) to become national currency. Though it would really amazing to have bicoin as national currency.
No I don't think bitcoin can become a national currency because there is only limited number of bitcoin and I don't think it can sustain the demand in the market and also if it will become a national currency many country may not accept bitcoin the way it is accepted now.
Yep! It is quite absurd to think of bitcoins as national currency and the main reason you have discussed. Bitcoins are limited edition and moreover decentralized. No country can have full control over bitcoins. Bitcoins are supposed to be international currency used by everyone. They are not meant for any particular community or country. maybe you are right. Someday, crypto currency can become the main currency for people. But it is possible, if the statehood disappears and there will be some other government universal body
No I don't think bitcoin can become a national currency because there is only limited number of bitcoin and I don't think it can sustain the demand in the market and also if it will become a national currency many country may not accept bitcoin the way it is accepted now.
Yep! It is quite absurd to think of bitcoins as national currency and the main reason you have discussed. Bitcoins are limited edition and moreover decentralized. No country can have full control over bitcoins. Bitcoins are supposed to be international currency used by everyone. They are not meant for any particular community or country. Jump to: