Topic: BTC as a national currency? - page 7. (Read 12619 times)
I think this is a good idea if any country wants to use bitcoin as a currency, surely this will provide an opportunity for the poor to improve their lives so that it can get better.
I Think it's a great & big Think for a stable country, but Bitcoin doesn't become a national currency for any country. I think it will be a great help for the Third World countries in breaking the limitations most world major currencies. the government is deprived of the cryptocurrency so maybe have no chance for Bitcoin to be a national currency next few years. But I like to share Just an example of Japan who already turned bitcoin as legal and now Maximum people there are using bitcoin as the national currency. I believe that in the future hopefully, Bitcoin will be a national currency.
It will be almost impossible than what you think, maybe it will happen in some years from now, even decades, but maybe bitcoin is not going to be a national currency, another crypto is going to take that place, soon.
It cannot be any nation's currency because it is being used around the world. A nation's currency is valued based on their own economy. This will make it difficult to gauge their worth locally. And bitcoin is free from being owned by any nation anyway.
Bitcoin is not suitable when used or become a national currency. prices that change make this can hurt many parties. especially bitcoin also not only circulated in the country itself
it seems very difficult to happen, bitcoin as national currency, why is that because bitcoin is not shaped, both bitcoin price is very fluctuation so hard also make third price benchmark still many people aw3am who do not know how to use
Who knows. It can happen in future when bitcoin is accepted and used worldwide in all the countries. Crypto is slowly ruling the currency market. Governments and investors started adapting bitcoin to gain wealth and profits respectively. This is something stunning that people started accepting and living with bitcoin before bitcoin was announced as legal in the countries.
The government will be difficult to calculate the concerted state, because it can cause big mistakes because it is much different. It should be in the country but not change the state money, because state money is a special money for our respective countries. So this notice is conveyed by to everyone who has heard the news of cripto money that the cripto money is better in its current position. Government policy certainly does not want to complicate the country, they know what a good way to manage the state finances to run stable for the entire economy of the existing population in the country. Entering 2018 may be cripto money will be added public facilities to be located all countries that use cripto currency. Depending on how many users are trading cripto money in a particular country.
I think it may not happen to bitcoin as a national currency because government don't accept it and legalized to use that's why it hard to say that it can be the national currency even here in my country many people says that bitcoin is a scam so it is hard to make a company to all people here.
there will be time that some country make it as national currency, if bitcoin prices stop being wild and becoming more calm and steady. and then, the world of digital currencies being legalized in many country will started.
D'ont see that happening this century, except in poor countries
it seems very difficult to happen, bitcoin as national currency, why is that because bitcoin is not shaped, both bitcoin price is very fluctuation so hard also make third price benchmark still many people aw3am who do not know how to use
why not? of course it is possible because bitcoin is independently made and does not depends on a single country only due to the fact that it was built online therfor anyone can use it no matter what is their country. price fluctuation isnt really a problem at all because it is part of bitcoins characteristics and even in local currencies or fiat money has also been volatile because their value of exchange is sometimes high and sometimes low but not as volatile as cryptocurrencies.
it seems very difficult to happen, bitcoin as national currency, why is that because bitcoin is not shaped, both bitcoin price is very fluctuation so hard also make third price benchmark still many people aw3am who do not know how to use
Nowhere bitcoin has got used as a national currency. In very few countries bitcoin has got importance similar to that of their own traditional currency. One such country that has made and supported for the growth of bitcoin is Japan. Hope this will continue with more countries leading to large scale growth.
Bitcoin is never replace every nation currency , because national currency is the thing to earn taxes for every people whenever where he/she are.
Another one , every nation currency have a historical reason to be remain no one currency can destroy even bitcoin.
Another one , every nation currency have a historical reason to be remain no one currency can destroy even bitcoin.
I hope so but it is very difficult to apply digital currency as the national currency of any country. As if we look at the currency of the country each currency is formed from the first day of formation of the country. So it is not easy to say that bitcoin can be the national currency of any country but still we can look forward to this.
Any national currency would have to have the state or the nation in control of the money supply. That's not possible with bitcoin. Also, any currency that is supposed to support a large-scale, developed economy needs to be inflationary which, again, bitcoin isn't.
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 is a difficult a thing to achieve even in a long time. The reason is that bitcoin is decentralized and so many countries would not allow for that. The countries would want to guide their sovereignty.
I do not think Bitcoin can be the national currency of any country. Although Bitcoin has a bright future. It will be very popular in the future. Many people will be interested in it. But we know Bitcoin is free. The government of any country can not control it, so it is impossible to become a national currency. This is not a paper currency, no use without the internet, because all this can not be a national 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?
national currency for one country
bitcoin is Global currency every one have internet access can download wallet and start using bitcoin.it is impossible for all countries to make 1 currency
I think Bitcoin won't be used as a National currency. Most likely governments would make their own cryptos and do with them as they please, but they need it to be centralized so that they can control it whereas Bitcoin is decentrlized and therefore not really applicable to be used or adopted by governments. This isn't a bad thing either, because the purpose of government is to control and regulate as long as it's for the benefit of the people like catching criminals and tax evaders.
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