Topic: BTC as a national currency? - page 41. (Read 12591 times)
Bitcoin just can't become some country's national currency, but international currency it is the other talk, which is pretty possible. I think that Bitcoin can move on US dollar and Euro from this position. countries can create their national digital currencies, that is not going to be a problem. But I can guarantee all this crypto will never reach the same success as bitcoin did.
There may be some countries that legalize the use of bitcoin. Bitcoin can be used as a currency. But in my opinion this is not effective because it can harm the seller. If we see the price of fluctuating bitcoin .. make the price rise or fall in a short time. Maybe if the price goes up the seller will get keuntungam but if the price goes down they will lose. I think bitcoin can be an alternative payment not as a legall currency. We can transact using bitcoin without any party harmed in the future. On this day many online stores and companies are receiving bitcoin as an alternative payment
I think bitcoin is not suitable to be the national currency .. because bitcoin prices are always changing. This will make the seller will be confused to determine the price in the market. When a buyer uses bitcoin maybe at that time bitcoin price corresponds to the price of the goods .. but in the next day bitcoin price will change .. there are two possibilities that will happen .. bitcoin price will go down which causes the seller's loss and bitcoin price rise so the seller It's getting profit ..
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 it can't because of the process i guess of bitcoin, when we are sending funds to another person using bitcoin their is a process that blockchain will confirm it, so if we use this bitcoin as a national currency all of the citizens will take too long to transfer money to another 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. This would mean the governments will not have any control over the money their people uses.
Losing control over their people will be troublesome, so they will never allow it. It would mean that they can no longer
control inflation too.
WTF? Do you see any E-currency made as national currency? this is so sarcastic idea where never had any strong holdings on why this one would be happen and people should remember that every country has its own currency and it is their national symbol that's why bitcoins will never be a national currency but this one will became an alternative currency to anyone globally.
Bitcoin will not be a national currency. If it becomes the national currency then there will be control and regulation by the government (central bank) and this eliminates the decentralized system of bitcoin, besides the bitcoin can not be used offline
In my opinion, this is the main reason Bitcoin in today still do not get accept from government because they understand Bitcoin is decentralized system and the most user use Bitcoin like this nature. 
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?
As long as the goverment and banks cannot make money out of bitcoins, i say not. Because that is just what they are after. They wouldn't even care how useful bitcoins is. They will make it look bad as much as they can because they cannot get sht from it. Plus bitcoin has no physical property. And by physical i mean something we can literally hold in our hands and put in our pockets which we can also trade offline.
Where are nations in globalization? That is the first thing I ask myself when I start to think about this question and many other similar ones. I didn't want mmf to control my paycheck but they are dusng that and much more, will bitcoin be a national currency doesn't depends from us, who ask us ordinary people?
This is nice discussion, let's open more questions. Japan legalized bitcoin, if they rid of traditional Jen what currency will they use? Next legal one is bitcoin, or they will make their own crypto currency? Pretty same situation is with other countries, what will other countries do? Japan and other countries that legalized bitcoin didn't have referendum about it, why do anyone think that we ordinary people have a vote in this?
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?
As long as the goverment and banks cannot make money out of bitcoins, i say not. Because that is just what they are after. They wouldn't even care how useful bitcoins is. They will make it look bad as much as they can because they cannot get sht from it. Plus bitcoin has no physical property. And by physical i mean something we can literally hold in our hands and put in our pockets which we can also trade offline.
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?
As long as the goverment and banks cannot make money out of bitcoins, i say not. Because that is just what they are after. They wouldn't even care how useful bitcoins is. They will make it look bad as much as they can because they cannot get sht from it. Plus bitcoin has no physical property. And by physical i mean something we can literally hold in our hands and put in our pockets which we can also trade offline.
I am pretty sure about it and I don't think that any country will adopt Bitcoin as a national currency because not everyone is capable of using Bitcoin and since Bitcoin or any crypto currency requires constant internet, it is risky to label it as the main currency. Here is the best example of why we won't have fully virtual internet currency as a national currency.
* Somalia's internet outage costing country $10 million a day.
P.S - This opinion does not consider micro countries like the Sealand. They are free to use anything even stone as their national currency.
* Somalia's internet outage costing country $10 million a day.
P.S - This opinion does not consider micro countries like the Sealand. They are free to use anything even stone as their national currency.
nope bitcoin won't risk with it. because it's likely to have a war between government and the bitcoin. bitcoin is fine at its state right now because it is a decentralized currency. not stable but it's good. but the possible things to happen was to use bitcoin as a daily currency for buying goods. soon it will be implemented i believed in bitcoin since 2013 so up until now 
Bitcoin will not be a national currency. If it becomes the national currency then there will be control and regulation by the government (central bank) and this eliminates the decentralized system of bitcoin, besides the bitcoin can not be used offline
Just hoping that bitcoin will become national currency, but I think it takes a tons of decades before it happen.
I will never happen i think, you need to make a new country for bitcoin to become a national currency lol. Actually it's not really hard to make bitcoin become a national currency, the problem is we need to make people trust to use bitcoin as a payment and i'm sure some big and high tech countries will use bitcoin for online currencies someday.
Bitcoin, for now, is not suitable to become a national currency of any country. Bitcoin's value is too volatile so a product or service will always change in price with respect to the price of Bitcoin. Also, a transaction fee is there with every transaction, this is not practical in using in a daily basis. It will be hard for the government to control the scenario. So if a country will make Bitcoin as its national currency then they have to regulate it first.
I think it will be nice to become a national currency is the bitcoin. It seems to be a lot of opportunity given to many people and it has to be a giving money to many people. Bitcoin is not suited for micropayments because users will complain that their fee is bigger than their bill. It is already good as a store of value, remittances and investment. Stretching it to be a national currency is too much.
Right. If only they can do soething about the fees then every people can use it on cheap goods everyday. It can be used worldwide but being a national currency is very impossible to happen. Right now, only people who make huge transaction will benefit this after all.
I can hear the sound of war between governments and bitcoin. if the economy of europe and US goes down, they will take measure for bitcoin.
I dont think any govt will give up its control on currency. I dont see it coming.
That is why bitcoin being a national currency is a fantasy, a dream of a someone naive and not concious the way government take things. Bitcoin will not be a national currency because it may spark a war. War of naming which country bitcoin should be a national currency since bitcoin is decentralized.
Bitcoin is not suited for micropayments because users will complain that their fee is bigger than their bill. It is already good as a store of value, remittances and investment. Stretching it to be a national currency is too much.
Micropayments may not be an issue in the future. We need to see how the Lightning Network pans out. Payment channels with entities like Bitpay could already cut down on peoples' fees considerably. If routing can be adequately figured out to expand that to the Lightning Network, I think that Bitcoin will be unstoppable.
But a national currency? That makes no sense...
bitcoin is the international currency and it will stay like this.
I don't think of BTC as a currency. I think of it as a commodity like gold. Sure, BTC is more useful as a medium of exchange than gold, but that doesn't make it ubiquitously accepted (and especially required to be accepted for the payment of debts, like fiat currencies).
It's cliche, but BTC is still Gold 2.0 in my book.
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