I dont think any govt will give up its control on currency. I dont see it coming.
If to become national currency actually it will not happen for now or in the upcoming years. Because bitcoin is volatile value and it need to be legalized first by the government. There will be a long process before it will happen and as you know it is not easily be adopted by other people that not into use of bitcoin. 
Topic: BTC as a national currency? - page 42. (Read 12619 times)
No country would take bitcoin as their national currency as they have no control over it. A government can only run if they have control over their economy and if bitcoin is the national currency of a country then the national economy of that country would depend on the price of bitcoin which the government can never control at all.
I dont think any govt will give up its control on currency. I dont see it coming.
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.
bitcoin work all over the world that is make it amazing not need to exchange to any other type of money
bitcoin may become national currency but thats still far,
government has to think this through which may go on for years arguing about every details, and we still dont know the real price of bitcoin which would be a bit problematic in stores,
government has to think this through which may go on for years arguing about every details, and we still dont know the real price of bitcoin which would be a bit problematic in stores,
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 yes, as of now bitcoin is international currency as long as we have internet connection we could access it. However, it is not fully accepted by government, meaning it is illegal in few countries. But as long as it continue growing day by day there's no doubt that it will become legalize and will become alternative mode of payment.
Do you think this can happen easily? i don't think so, paper money and other national currency stayed there since the beginning, BTC as national currency is unimaginable, i don't think any possibilities that this will happen, not now, not sooner and not later. As for my country some of the people printed on our paper money/ coins are hero or national icons that helped the country, this is absolutely will never happen.
Bitcoin has inbuilt deflation and will reach its ceiling of 21 million by 2140. Thus, if accepted as a national currency it will constraint economic growth. Its high volatility wouldn't attract foreign investment. An entire economy can collapse due to Bitcoin's high volatility. Thus, Bitcoin isn't ideal as a nation currency.
How you come to a conclusion that bitcoin is not a national currency. Many not even accept dollar as a national currency due you know that.I think you are obviously not.If so means you will not talk like this.It's very easy to blame a unknown thing .It's very common to all.You will see soon, bitcoin will replace the dollar.
Say for example, a vendor accepted Bitcoin for his item. Now after a month, price might go up or down. But he has to calculate capital gain. How will you effectively calculate your loss or gain in the case of volatility. Even in next month the price will vary heavily.
The only solution to this problem is to convert your Bitcoin to fiat as soon as you got it. This ultimately kills the purpose of Bitcoin as a national currency.
Bitcoin is best suited for investment. Its own reserved cap kills its use as a currency.
Bitcoin as a national currency because Bitcoin is already being used as an alternative to failing fiat currencies around the world.
bitcoin as a national currency i think is nothing impossible bitcoin become national currency using by the whole world because all country they are using internet for faster transactions, the bitcoin cirrency working using the online internet cuurency as decentralized currency so very possible the bitcoin as a national currency sooner.
Yes, the possibilities of bitcoin being a national currency is very low. This is all because each country have different economic situation and have different governance methodology. This could be getting served as an alternate to national currency same as that's happening in Japan, but this being a national currency is hardly difficult to be achieved. 
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 I have the same thoughts with others, for now bitcoin can not be used as Nation currency,
the reason are because:
* Bitcoin transactions are still slower than fiat transactions. You know you have to open your phone, open your wallet and send the bitcoin to the seller.
* Every transaction requires internet connection, so it can not be used everywhere.
* Can not be used to buy goods a bit, because it could be a fee biger than the price of goods we want to buy.
* Can not be used in remote areas, because many people still do not know the technology.
But no one knows for sure what will happen in the future. So let's always hope the best for bitcoin.
bitcoin as a national currency i think is nothing impossible bitcoin become national currency using by the whole world because all country they are using internet for faster transactions, the bitcoin cirrency working using the online internet cuurency as decentralized currency so very possible the bitcoin as a national currency sooner.
Just hoping that bitcoin will become national currency, but I think it takes a tons of decades before it 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?
Not now, it would take a way long process before it become a national currency. The government would review first about it. And also, everybody even the poorest should know about bitcoin before it become a national currency. There are so many things to consider and to be done before it happen. But what matters now is that bitcoin is definitely doing great.
What country would it be? To be honest, government of its country wants to be identified by what there countries culture and by the means what they are for many decades. All I mean is who will adopt bitcoin and dump there 💯 years currency. Bitcoin I would say is just an alternative currency of every country's and I think it's better is that way.
bitcoin is the international currency and it will stay like this.
There's no way Bitcoin could be a national currency. There are two points that would drive a government and it's people totally insane:
1- Access: I can't think of a country (yet) who can boast a 100% internet access to every single one of its citizens. How are those people going to buy things without a proper device/internet connection?
2- Volatility: imagine a middle/lower class citizen that sets apart money at the beginning of the month to pay for his bills at the end of the month. Bitcoin price went down in this month and now he has to pay more bitcoins because the price crashed. That's a no no. Maybe the opposite happened and now he has to pay less, but of course, people would complain HARD about the first scenario.
1- Access: I can't think of a country (yet) who can boast a 100% internet access to every single one of its citizens. How are those people going to buy things without a proper device/internet connection?
2- Volatility: imagine a middle/lower class citizen that sets apart money at the beginning of the month to pay for his bills at the end of the month. Bitcoin price went down in this month and now he has to pay more bitcoins because the price crashed. That's a no no. Maybe the opposite happened and now he has to pay less, but of course, people would complain HARD about the first scenario.
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's not gonna be a national currency at least for this period, Bitcoin is a decentralized currency which is can't control by the government, no one can control it, we all know that government hates it, and it's too impossible for the bitcoin to be adopted. However If someday the government adopt cryptocurrency as their official currency, it might not be Bitcoin it should be a centralized one, they might create their own cryptocurrency, something just like turned their currency to crypto, not the bitcoin. 
Country's economy might be backed by bitcoin, it could be used as a reserve currency, in the way precious metals like gold are used now.
Volatility and almost negative inflation (or constant rise of value which might be considered as almost the same) bitcoin is experiencing is making BTC unfit for standard "fiat-like" usage.
Volatility and almost negative inflation (or constant rise of value which might be considered as almost the same) bitcoin is experiencing is making BTC unfit for standard "fiat-like" usage.
I have no doubt that governments are accumulating bitcoins (or at least, they will be doing so in the future). I think it will be used by governments exactly as gold is used today, to hedge the economy. That's the role Bitcoin will play. It makes no sense to use such a volatile asset (which governments and central banks cannot control in any way) as a national currency. It would be disastrous for economic stability.
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