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Topic: Can Bitcoin become currency a new State? - page 7. (Read 2102 times)

full member
Activity: 391
Merit: 100
October 05, 2018, 07:28:36 AM
I think this idea would foil the main purpose of Bitcoin as well as other cryptocurrencies. If Bitcoin is going to be a national currency on a particular state, then it will no longer be decentralized and it’ll be handled by the government.
legendary
Activity: 3402
Merit: 1548
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October 05, 2018, 07:28:21 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?

It's not a matter of course, Bitcoin will never be the main currency of any country. Because such a state simply does not survive, it will be dependent on people and corporations that make a difference on the market. Moreover, little is expected that Bitcoins will be very stable currency at a rapid pace,so a sharp fall in its course, such a state would simply perish.
legendary
Activity: 2912
Merit: 1068
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October 05, 2018, 07:26:18 AM
Just the other day I was listening to some debate where few experts said that Bitcoin can't be considered as currency because it's not issued by some central institution, like Central bank.
Never mind that theory but I don't think that some state will embrace Bitcoin as a national currency because in economical way this is not possible.
Also to my opinion Bitcoin is not designed to belong just to some state but to be freely used all around the world.
jr. member
Activity: 126
Merit: 5
October 05, 2018, 07:20:46 AM
The state is a combination of many principles and functions. One idea of cryptocurrency is not enough to create a full-fledged society. This idea is a modern utopia.
member
Activity: 644
Merit: 10
COVIR.IO
October 02, 2018, 08:20:10 PM
I think its hard to make bitcoin become state currency. A state should need central banks to organize lending or monetary system. Bitcoin is decentralized system and it can not control by any institution. But bitcoin can be alternative currency and become global currency
member
Activity: 448
Merit: 20
October 02, 2018, 07:11:23 PM
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?

State is not the only option
There are large economic institutions
Such as hedge funds and others
There are also large transnational corporations that have a say in determining global financial policy
These are closer to us than nations
Because those who govern these institutions are economists who understand our language, but those who govern states are politicians
They only care about the electoral vote.
full member
Activity: 714
Merit: 101
This Is Promissing Project
October 02, 2018, 07:07:41 PM
in my opinion, it could happen, provided there are countries that want to make bitcoin a currency and replace their existing national currency, I think that is quite difficult to think about, not to mention creating a new country, just to justify bitcoin there are still many countries that have not.
member
Activity: 255
Merit: 12
October 02, 2018, 06:52:11 PM
There is high probability of bitcoin becoming an accepted crypto currency to be used for transaction of goods and services. The world needs time to accept, adapt and understand the main purpose and how bitcoin will transform the financial systems in the world. It will take some time for the world to fully understand this new technology.
full member
Activity: 608
Merit: 100
October 02, 2018, 06:50:08 PM
that's a bad idea. get together and make a country with a new order and use blockchain and bitcoin systems, is that what you mean? if true, which country will you work with. Will the country live alone? your mind is free, but not too far away. all of these countries are testing Blockchain technology to be implemented in country rules. so be patient. the most advanced technology countries have used blockchain technology for transactions. so we just wait for the others to finish testing and accepting bitcoin well. all will be accepted calmly.
full member
Activity: 504
Merit: 100
October 02, 2018, 06:16:42 PM
It can be a currency of a state. As long as it will be made safer for its user. And not be controlled by only a group of people. And if a state will make bitcoin as a currency. I think the state should educate their people about it.
sr. member
Activity: 1106
Merit: 250
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October 02, 2018, 05:25:14 PM
Bitcoin is allready is a currency because all over the world so many people are use bitcoin for payment.In this way who love and use bitcoin they are one state people and they have same rule. Bitcoin make world closer and easier.
sr. member
Activity: 1092
Merit: 256
October 02, 2018, 05:05:52 PM
although bitcoin is very popular and has many users, but in my opinion it is impossible to be a global currency, because bitcoin is very unstable it is not suitable to be a global currency, people in every country will still use paper money as a currency in their country.
yes it's true, but bitcoin is the king of virtual currencies that exist, maybe it's true that it won't replace paper money or real, but bitcoin will only be king in virtual currency
sr. member
Activity: 665
Merit: 250
October 02, 2018, 03:34:39 PM
I think the state is better to come up with their own cryptocurrency he sui serovno it will depend on bitcoins !
in my opinion, until now no one can predict with certainty the future of crypto currencies is only belief and if there is a new country having such a transaction a progress
copper member
Activity: 381
Merit: 1
October 02, 2018, 02:46:43 PM
I think it's difficult to happen, bitcoin is a decentralized currency and that will make it difficult for the government to control bitcoin. And the government will certainly feel objected to applying bitcoin as the currency of his country.
newbie
Activity: 32
Merit: 0
October 02, 2018, 11:13:10 AM
I'm already afraid to predict something for the near future. Not to mention the fact that to give a forecast for a year or more. Cryptocurrency is very unpredictable. But I hope to grow
sr. member
Activity: 569
Merit: 250
October 02, 2018, 11:07:46 AM
it is possible but not possible, because bitcoin is a decentralized currency whereas a country must have a real centralized currency, and bitcoin is also universal not intended / devoted to only one country
full member
Activity: 580
Merit: 101
October 02, 2018, 10:59:54 AM
Maybe yes it will become currency at new state, many companies and country have allowing for using bitcoin as transaction payment. by more advantage of bitcoin it reason give more legal for bitcoin.
jr. member
Activity: 340
Merit: 2
October 02, 2018, 10:53:04 AM
I think bitcoin can become a new country but do not know when it will come. At present there are many accepted bitcoins from many countries and used as the main copper.
sr. member
Activity: 1638
Merit: 262
October 02, 2018, 10:59:05 AM
actually bitcoin can be an alternative new currency for the country and I agree on that. the reason is that bitcoin has a strong value against the dollar, and it's good to reduce excess inflation in a country.
newbie
Activity: 32
Merit: 0
October 02, 2018, 10:49:50 AM
Legalization of the crypt carries a temporary negative, which only in the short term will have a negative impact. But in the long run, it is legalization that will contribute to the greatest distribution of the crypt among all segments of the population.
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