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 won’t be possible. Bitcoin can not be used as a national currency, because it’s not really suitable for such with its volatility. Another reason Bitcoin cannot be a national currency is because it’s of being controlled by the government. So it’s 100% not possible. 
Topic: BTC as a national currency? - page 43. (Read 12619 times)
The Bitcoin it is used in all world for very companies and peoples
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 not suited to be main currency used every day by every citizen of a nation - it will be always store of value currency and auxiliary type of asset.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.
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.
It's not that easy to make this as national currency and for now it will just take a long process to implement this to the society, because many people who were still innocent about it. Fiat money currency is the main mode of spending to people nowadays and as I had observed most of the bitcoin investors really cashed out their bitcoin in exchanged to fiat money. Dollar will not be replaced that easily and there must be proper education about it, maybe there is an option to accept it in some stores at our local place but not into general idea to replace the fiat cash or to be a national currency.
btc cant bee national curency
first need come in live not only online
first need come in live not only online
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 that bitcoin will be declared as national currency. There are several grounds that make bitcoin not suitable as national currency in a financial institution point of view. Bitcoin is not regulated. This is one of the major reason why several nation are quite hostile with bitcoin. Aside from that those who have a huge chunk of bitcoin will definitely dictate the economy of that country and government does not want that.
I thought the point is to make a bitcoin world-wide used currency, why the hell it should be nationalized?
bitcoin was created as a payment method, dude... making it a world-wide-used-currency probably meant as making it globally accepted payment method.
I Do believe that bitcoin or one of the cryptocurrency will become national currency one day. Bitcoin has out perform many currencies and after study the Nature of cryptocurrency I think it will be a great help for the Third World countries in breaking the limitations most world major currencies has placed on them. Bitcoin is good for inflation control. Fiat created the poverty, self agradizement and looting the nations are facing today.
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.
Bitcoin has the volatility because to him, there is no regulation mechanisms. It's like a thermometer shows the temperature of the economy. All of the national currency regulated by the government and is far from economic indicators. If to speak about investments, inflation can also destroy your income. 
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.
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.
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?
There is actually no way that it will become a national currency of a particular country, however it will most likely become world widely recognized currency, meaning you will be able to pay with bitcoins in probably every country eventually. It is too unstable and the price fluctuates too much to any country seriously rely on a coin that can easily be manipulated by whales pump and dumps. But its aim was to create a fast and anonymous payment method so that you can send money in a matter of minutes to a person in totally different part of world and it has succeeded in that matter. You can easily get your payment from whoever you want, even from the most government controlled and closed countries in the World. Then you can exchange your bitcoins to your local fiat currency and you that's all, there is no need for any official national currency announcements.
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.
I do not think it would be wise to make bitcoin the currency of a state.
Your whole economy would be out of your hands.
As a state you should always be able to influence your currency in a way that economy benefits from it.
In a worst case scenario other states might even try to mess up with bitcoin in order to weaken your economy.
And that would be bad for all of us.
Your whole economy would be out of your hands.
As a state you should always be able to influence your currency in a way that economy benefits from it.
In a worst case scenario other states might even try to mess up with bitcoin in order to weaken your economy.
And that would be bad for all of us.
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.
For most people especially those that have never touched Bitcoin , and it's nothing more than a digital currency and a tool. 95% of the population out there either has no clue that Bitcoin exist, doesn't care, or considers it in the same realm is things like Google pay and PayPal. A lot of people come right up to the point where they're ready to get involved and it is simply too complicated for them. But it's definitely not as popular as people think.
Many problem. Money laundering will be easier, and we will need a lot of smartphone. And the supply are very very not enough for >250m people in my country and >10m bitcoin user and holder worldwide. Ten richest people in my country will hold more than 1/3 bitcoin supply
BTC has no nation, no country, no government, no state, no rule, no borders. Why are you guys attempting to make it a national currency so that it could be under a centralized power's control. This doesn't make any sense.
You are right in there. It seems that some people still do not grasp the idea of decentralization and still stuck in their centralized form of currency. It is hard to change when you have been that way for your whole life.
But couldn't a country which has no intention of controlling Bitcoin still declare it as their national currency? What is stopping them from doing that? I could see it happening, and it would be a major milestone in Human history!
Small countries could test it out and also countries which go bankrupt could try it to save their citizens from the inevitable plights of fiat.
control regarding to their economic infrastructure bitcoin can be adopted but making it national currency will be a big question.
BTC has no nation, no country, no government, no state, no rule, no borders. Why are you guys attempting to make it a national currency so that it could be under a centralized power's control. This doesn't make any sense.
You are right in there. It seems that some people still do not grasp the idea of decentralization and still stuck in their centralized form of currency. It is hard to change when you have been that way for your whole life.
But couldn't a country which has no intention of controlling Bitcoin still declare it as their national currency? What is stopping them from doing that? I could see it happening, and it would be a major milestone in Human history!
Small countries could test it out and also countries which go bankrupt could try it to save their citizens from the inevitable plights of fiat.
BTC has no nation, no country, no government, no state, no rule, no borders. Why are you guys attempting to make it a national currency so that it could be under a centralized power's control. This doesn't make any sense.
You are right in there. It seems that some people still do not grasp the idea of decentralization and still stuck in their centralized form of currency. It is hard to change when you have been that way for your whole life.
But couldn't a country which has no intention of controlling Bitcoin still declare it as their national currency? What is stopping them from doing that? I could see it happening, and it would be a major milestone in Human history!
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