BTC as a national currency? - page 9.

nightfury

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Quote from: ZakariaKan1997 on August 14, 2017, 11:52:09 AM

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 there is a possibility that bitcoin can be a national currency or it may also go the other way around. Because of its advantages over fiat, government may finally utilized it and made it a national currency for good. But on the negative side of bitcoin, government may also be the first to oppose the use of bitcoin because it's decentralized, and of course, a perfect tool for criminals to commit crimes.

Xanxus024

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No, Its not going to happen and beside bitcoin is not yet legal and not yet ban. Bitcoin works with internet connection so without internet you cannot used bitcoin, the fact that you cannot used bitcoin as national currency because bitcoin has no physical form and not all people know the existence of bitcoin so for me it is impossible to make bitcoin as a national currency.

Kolly

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Quote from: ZakariaKan1997 on August 14, 2017, 11:52:09 AM

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?

Possible but it would take a long period before it would happen specially on poor countries. The poor can not just afford to buy the technology to engage with bitcoins much more can they afford the prices of bitcoin.

tats14

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Quote from: ZakariaKan1997 on August 14, 2017, 11:52:09 AM

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?

Maybe yes or maybe no, but for my own opinion, bitcoin can become a national currency and it is not possible and it is impossible, when bitcoin become a national currency well why other people not using bitcoin can be? can their life could be so easy?

libertyprimeus

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It's really impossible things. Global payment is the main feature of Bitcoin so it's impossible for Bitcoin to become a national currency.

L00n3y

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Quote from: ZakariaKan1997 on August 14, 2017, 11:52:09 AM

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?

Possible to a progressive country like Japan but for underdeveloped countries i say no. See one problem for underdeveloped countries is accessibility with bitcoin. Not everybody in a poor country can have the technology to avail bitcoin therefore general acceptability is not present.

finzyoj

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Quote from: ZakariaKan1997 on August 14, 2017, 11:52:09 AM

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 not anymore become national currency. It is digital currency, yes it beneficial in some user but I think not in the society it is because I'm sure some people use this in illegal transaction that cause of bad image of crypto-currency.

Even the volume are increasing, the fiat money can not replace by bitcoin, the popularity of fiat is high than the digital currency.

WannaCry

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Quote from: ZakariaKan1997 on August 14, 2017, 11:52:09 AM

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'll be hard for our country to have bitcoin as our national currency. It isn't legal here yet and almost 95% of our population have no any idea about cryto currency. There are also people who can't access the internet. Transactions will be hard for us because the internet connection here in our country is unstable and weak. There are lots of things to be considered.

Potatohead

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Quote from: ZakariaKan1997 on August 14, 2017, 11:52:09 AM

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 doubt if this will happen, government will not allow it because the reason why countries are using different denominations and currency is to determine the economic standing of a country. It's still good to have fiat money because there are advantages of using it compared to using bitcoin.

Virtual miner

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Btc can never be a national cuurency. National currency is a currency owned by a nation while btc isnt owned by anyone. So technically it can never be a nationsl currency.

Hosam Mazawi

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not ready yet, but possible Cool

Granxis

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Quote from: Protected101 on January 01, 2018, 02:26:11 AM

I think it has many due process before it was btc became national currency implement.Every country has its own fiat and many people are using it ,it is their traditional using their own fiat money.Bitcoin was only a virtual currency but because of its importance to many of us its value still increasing day by day,and if the digital currency became stable stable its price has no value to us.

Each country may be its own currency, but european countries use the euro currency, so one day the whole world can use a single currency. This currency may not be Bitcoin, only theoretically possible.

plasmafrog75

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Quote from: ZakariaKan1997 on August 14, 2017, 11:52:09 AM

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 has really grown very well over the years, but in the meantime it has not grown at all, only one level, which makes many people fear the fall of Bitcoin, but that's not possible. In the future, if Bitcoin develops, it will surely be developed by the nations and made a currency

hakata_sio

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I think that it can be used as a currency sufficiently if something too expensive commissions and too slow remittance speeds

btc78

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Quote from: Nathland on August 14, 2017, 04:11:00 PM

I don't think that Bitcoin can become national currency of any country as Bitcoin can not work offline which simply makes it unsuitable for everyday transactions. Moreover, Bitcoin transaction are not as quick as paper money transactions are.

most of transactions in every country still needs offline,so how can we apply
bitcoin as being virtual?thats why i dont think that bitcoin can be a national currency
of even a smallest country now.

And even if this possible the problem is bitcoin price is unstable so what will happen
per transaction time comes bitcoin price drops for a huge amount

ArchieAKeeney

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Quote from: ZakariaKan1997 on August 14, 2017, 11:52:09 AM

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 Huh

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

Protected101

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I think it has many due process before it was btc became national currency implement.Every country has its own fiat and many people are using it ,it is their traditional using their own fiat money.Bitcoin was only a virtual currency but because of its importance to many of us its value still increasing day by day,and if the digital currency became stable stable its price has no value to us.

bitcad4u

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Quote from: seandiumx20 on December 31, 2017, 01:34:40 PM

Quote from: ZakariaKan1997 on August 14, 2017, 11:52:09 AM

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 doubt it. Since each country has their own fiat money, and since bitcoin can't be controlled by the government, government won't agree to it and threat to banks. I think BTC currency will stay as a virtual currency.

The increase in price of bitcoin day to day clear your thought .Because the price of bitcoin is raised to 19k$ from 1000$,it was great change.After this price change,many country start to accept bitcoin.I was dam sure bitcoin will became a national currency,but it takes some years.If all the country in this world accept bitcoin,this will occur very easily.

seandiumx20

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Quote from: ZakariaKan1997 on August 14, 2017, 11:52:09 AM

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 doubt it. Since each country has their own fiat money, and since bitcoin can't be controlled by the government, government won't agree to it and threat to banks. I think BTC currency will stay as a virtual currency.

Yzhel

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Quote from: Ulan01 on December 31, 2017, 03:53:55 AM

Quote from: ZakariaKan1997 on August 14, 2017, 11:52:09 AM

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 so, because after all the popularity of bitcoin is so wide, yet every country has its own currency. and the community prefers daily expenditures in the currency of the country. because the bitcoin value is too high for everyday shopping.

It can be a national currency but only as a virtual currency not as physical, just can use though remitting money from one country to another but it cannot replace dollar or any local currency, they will still exist and bitcoin will just added to it. Yes bitcoin cannot use for shopping as people will prefer money to use as payment rather than their bitcoin.

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