Topic: BTC as a national currency? - page 38. (Read 12591 times)
I don't think any country in the world will take bitcoin as an "official" currency because of it's volatility and unpredictability, as well as how hard it is for the government to control such a 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?
It may spread or grow worldwide but the thing you are mentioning here wont really be possible in upcoming years to come on bitcoin.It wont really be considered as a national currency thinking off that we do have lots of local fiat currencies and i dont think that government wont really just consider or easily switch into a decentralized thing which is bitcoin,It would just still remain as an digital currency i strongly believe on that one. I think that bitcoin can be a legal form of payment in a nation.
But it can not be the only currency in a nation.
A country has to be able to controle and influence its currency in order to react on changing economical conditions.
With bitcoin that is not possible.
If a country want to change economical conditions then it doesn't need to control or influence its currency because it doesn't to dictate a currency because the people will be the first movers to change economical conditions and if they will make bitcoin as a national currency then it can attract a lot of income because a single amount of bitcoin can purchase a lot of item which will be going into the income of the country. But it can not be the only currency in a nation.
A country has to be able to controle and influence its currency in order to react on changing economical conditions.
With bitcoin that is not possible.
I think that bitcoin can be a legal form of payment in a nation.
But it can not be the only currency in a nation.
A country has to be able to controle and influence its currency in order to react on changing economical conditions.
With bitcoin that is not possible.
But it can not be the only currency in a nation.
A country has to be able to controle and influence its currency in order to react on changing economical conditions.
With bitcoin that is not possible.
No, it will never be any country's national currency. First of all, all country's are already stable in using their currency, an actual and non-digital currency. Also, a lot of digital currencies are also coming which may weaken the Bitcoin rates.
If one country legalizes bitcoin as their currency, it will last a lifetime in this country and make this coin centered, not very good, but if it is considered a common currency would be very good, so far we know the euro currency, if it applies on bitcoin then it will be the best solution
No, it will never be any country's national currency. First of all, all country's are already stable in using their currency, an actual and non-digital currency. Also, a lot of digital currencies are also coming which may weaken the Bitcoin rates.
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?
Something like that might happen in the future. But it is very unlikely that it will happen in the near future. The money is consequently proportional to power.
Those who have power will not allow it. But I want this to happen.
Bitcoin will never be a national currency unless some country decides they do not want to control the money which is almost guaranteed not to happen because every goverment wants control.
Any country can use it as a secondary currency right 
,Japan is doing it and some of the countries that legalized it recently are doing that,they started accepting bitcoin,so there is nothing wrong in it as it could actually happen. 
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?
A national currency for which country if I may ask? I don't see it happening, it may be used side by side with a countries local currency, but that is were it ends.
Bitcoin will never be a national currency unless some country decides they do not want to control the money which is almost guaranteed not to happen because every goverment wants control.
I don't believe any country in the world will take bitcoin as a national currency because, the idea for the creation of Bitcoin is anonymity and decentralization and so, anything that will lead to centralization of bitcoin or been control by the government will contradicting the original idea behind its creation.
Yeah, I think we should call Bitcoin is international currency better than for just in small place like in a country. Because with the definion of Bitcoin, we also understand Bitcoin is decentralization and nobody can control it. 
If I woke up to this news, that BTC was made the national currency of a country, WOW, my day would be made. I doubt it is going to happen in the short term however, but in the future? You never know. Anything is possible in this messed up, crazy timeline.
I don't believe any country in the world will take bitcoin as a national currency because, the idea for the creation of Bitcoin is anonymity and decentralization and so, anything that will lead to centralization of bitcoin or been control by the government will contradicting the original idea behind its creation.
Bitcoin can not be a national currency. Bitcoin does not come from just one country. A national currency, this is the official currency of any country, and only this country can print this 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?
It won't happen, like ever. No government will want to change their national currency to something like bitcoins. Governments need control over the currency their citizens use. So if they do not have control then they will not be able to regulate their economy. There should be really a balance in an economy. If the market decides the economy then that would be very chaotic.
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 will not, bitcoin is starting to grow beside it is not accepted in many countries, so as of now we can not say that bitcoin will become a national currency. Also its price is not stable and its hard to predict its value. Now the price of it will High and later on it will low. For me, before it will become a national currency it will usually a predominant used for most transaction in a country.
Bitcoin can not be a national currency, because it is not tied to any country, it is an independent currency or even more like an investment with currency capabilities.
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?
Definitely No, Why? Bitcoin is not yet legally accepted worldwide. Plus, once it became the national currency most likely the identity of all the users will be exploit and the transactions would be tract. Which is quite a disadvantage for those who wanted to have a total control on their own income via Bitcoin. Laws and Regulations would surely be implemented and all of the citizens accounts would probably be at stake from outside attacks. Since Bitcoin is a digital currency once the identities of a person is exploit it's an easy target for the hackers to rob those people who have the highest amount of coins in their accounts. 
Bitcoin should not be just a national currency, but a currency for all humans in the future. It should be a WORLD WIDE currency. 
National currencies are regulated by the government. This is not what everyone wants from Bitcoin. Moreover this is the opposite from what Bitcoin is intended for. The main idea of Bitcoin is decentralization. And national currency has nothing to do with it.
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