Can Bitcoin become currency a new State? - page 11.

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: Ilia5225 on August 10, 2018, 07:23:21 AM

I think, a lot of us saw Bitcoin like tool for freedom. Now most people look at this like opportunity for enrichment. I don’t think that rich equals freedom. I know a many rich people’s. They are far from freedom.

It is now evident that just cryptocurrencies is not sufficient to achieve the goal. We need a State at our side. But current States seek to preserve the old order.

State it is a community with uniform rules. Territorial principle don’t need for creation of the State in the 21st century. So what do you think what's to stop us to come together and creation a new State now?

a territorial state that would use bitcoin as its state currency would be among maniac thing to ever exist, state without the ability to interact. it would be a state whose population would be enslaved by the bitcoin miners, who in the world would voluntarily join such a state?

regards

cryptolovers990

newbie

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There is a possibility of such situation but we know that bitcoin is getting adopted by many countries recently. So it will take time. Once it becomes accepted by most of the countries then we can expect this situation.

dreammoney710

newbie

Activity: 196

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That's a good idea indeed. But we can implement this method when all the countries in the world will accept bitcoin. The way it is progressing day by day I believe very soon this day will arrive.

Farul

sr. member

Activity: 270

Merit: 309

Shinji bgt gwh

I Think. NO!
Why ? National Currency Is Often Connected To Country's Identity
Goverment Also Must Be Responsible For The Currency Production And Circulation(A Think That You Can't Do In Bitcoin)

BTW If You Will Create A New Country That Use Bitcoin For Their National Currency
Where?(The Only Land That Not Claimed By ANy Country Is Bir Tawil)
And Who'll Recognize Your Country,There's A Lot Of Country That Exist But Not Recognized(Somaliland)

Jolozxc

newbie

Activity: 62

Merit: 0

Yes bitcoin is really for everyone and i know there is nothing impossible in the future, bitcoin will really going to be a number one currency in the world and it will really going to create new community or new state.

HistoryVampire

newbie

Activity: 40

Merit: 0

Bitcoin is a great coin and it is also popular among the people. If government shows any positive attitude for bitcoin then it will become an official state currency.

Melchizedek1

newbie

Activity: 16

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with the haphazard nature of the bitcoin at the moment, no new state with sound economists and forecasters should adopt the bitcoin as a currency. the recent free fall of assets on the blockchain shows that the bitcoin is highly unstable and thus not reliable.

Heavens Gate

newbie

Activity: 30

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The use of bitcoin as an acceptable means for making payments for goods and services shows that when a new state decides by regulation and policies that they wish to adopt the bitcoin as their currency, then why not. Nothing stops them.

Myown55

jr. member

Activity: 105

Merit: 1

Bitcoin is a tool to financial freedom and a weapon to fight poverty. Take the advantage and change your life with bitcoin

BorisVirla

newbie

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Bitcoin is the future, but you should not get ahead of it.

solarisexodus

jr. member

Activity: 87

Merit: 1

Quote from: Ilia5225 on August 10, 2018, 07:23:21 AM

I think, a lot of us saw Bitcoin like tool for freedom. Now most people look at this like opportunity for enrichment. I don’t think that rich equals freedom. I know a many rich people’s. They are far from freedom.

It is now evident that just cryptocurrencies is not sufficient to achieve the goal. We need a State at our side. But current States seek to preserve the old order.

State it is a community with uniform rules. Territorial principle don’t need for creation of the State in the 21st century. So what do you think what's to stop us to come together and creation a new State now?

The idea and the concept of bitcoin are in the objective and purpose of improving the quality of transferring funds and avoiding hassle double spending transactions (between the receiver and the sender) without any third party; thus, it may pave its way to an internet-based innovation strategy for business transactions and operations.

Since the dawn of time and normal trades such as the basic and simple one – bartering of products; up to the development of new civilization to the new age of technology where we invest and get money out of digital form which will then be converted into fiat currency. Thus, the assumption of unified and State ruled policies regarding bitcoin is far than freedom but by the suggestion of financial matters and autonomy.

icemantaurus

member

Activity: 223

Merit: 11

If ever a certain country uses btc more than it's local currency and apply a tax for it, maybe it could happen. Because a certain country cannot sustain it's integrity without funds, and taxes is where the government get the funds.

Artudistrums1994

brand new

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I think it could happen surely and its possible. The government management system and the rule are already spread through the people. So people like and support bitcoin.

Jyominall

newbie

Activity: 65

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I think, it’s more business than real currency for people today. Because as the name cryptocurrency implies, Bitcoin was intended not as a speculative asset but as a free-standing currency to compete with, and ultimately replace, government-issued currencies like the US dollar and others. While the price of Bitcoin has surged, its use as a currency has stagnated, or even declined.

rosepasmith

newbie

Activity: 189

Merit: 0

If governments are accepts bitcoin then it could happen. Nowadays many people are support this currency and they also loves to invest on this currency. So i think bitcoin could become an official state currency.

olgafox0404

newbie

Activity: 140

Merit: 0

Of course, maybe he has every chance! bitcoin is a new unaccountable currency that will replace paper money!

kasurnya

newbie

Activity: 152

Merit: 0

Quote from: Indrawan77 on August 13, 2018, 08:00:36 AM

Many people dreams of making a new country where bitcoin is the main currency, but believe me its not as fun as it thought, its nice to use a currency with decentralised for yourself, but for the country its a disaster, if you realise now big whales are manipulating the price, imagine your country's economic being manipulated by the big whales, all of the citizens will suffered and the country's inflation will be very fluctuative

Yes, that's right with what you say, if bitcoin becomes the currency of a country, the country's economy is regulated by a whale.
and experts have agreed that bitcoin will never dominate fiat currencies. will never

ETHSkyBet

brand new

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Bitcoin is the most popular in the crypto market. People's interest are increasing day by day. I think people of the world will use Bitcoin one day. Then all the problems will be solved.

cryptodreem

newbie

Activity: 252

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It can be happened that bitcoin is currency because the usability is increasing with satisfactory number so it can be a currency for a new state.

Humne1965

newbie

Activity: 30

Merit: 0

Yes its possible. Because it already develop al most all of the sector. It already use to an alternatively currency some of the country. So I think its possible to use a currency for new state.

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