Topic: Do you support the Use of Bitcoin as a National Currency? - page 10. (Read 901 times)
I will not support it. Because not all of us know bitcoin. And i don't think it can be a national currency because the value of bitcoin is too volatile. What if you hold many bitcoin then suddenly the price drop. What will you do?
While it is good news for Bitcoin users/hodlers that countries allow the use of Bitcoin as a means of transactions within their border, what will be your position if a country decides to take a step further by using Bitcoin as its national currency?
very very bangus, I would tip if our country make bitcoin as national currency For me, i will not the use of bitcoin as a national currency. Because it will be too unfair for ordinary and poor people who don't know about bitcoin. What if they don't know how to use gadgets and internet? How will they use bitcoin?
That's why there is education, you teach them how to use those gadgets and the internet. If you don't support the use of Bitcoin for that purpose, what is your vision for Bitcoin?
Why not? If this move will make payment more easier in every sector of government, restaurant, hotel or buying all the thing that we need. I will support it all the way.
I don't think bitcoin will be a national currency, bitcoin is decentralized with just that reason you can tell that government will not gonna adopt bitcoin as national currency and their are a lot more reason like bitcoins price is volatile, another thing is security and etc. How can you even make bitcoin a national currency it is a digital currency it's not tangible so i'm sure that it will not be a national currency although i support anything that is good for bitcoin and cryptocurrency.
For me, i will not the use of bitcoin as a national currency. Because it will be too unfair for ordinary and poor people who don't know about bitcoin. What if they don't know how to use gadgets and internet? How will they use bitcoin?
countries wont use bitcoin as their national currency.
what is more likely to happen over the next decade is that instead of using banks standard database models. governments/banks will create their own fiat 2.0 based on blockchain ledgers. and those ledgers will intercommunicate with each other where by something like hyperledger becomes the IMF auditor/controller of each inter-dependant fiat 2.0 blockchain ledger
The Free Republic of Liberland already uses Bitcoin as its national currency, though it is a small country. what is more likely to happen over the next decade is that instead of using banks standard database models. governments/banks will create their own fiat 2.0 based on blockchain ledgers. and those ledgers will intercommunicate with each other where by something like hyperledger becomes the IMF auditor/controller of each inter-dependant fiat 2.0 blockchain ledger
What happens when bigger countries like USA follows suit.
I do not support it, because the price of bitcoin is not stable. If your money changes drastically in a day, I think many people will not accept it.
The growth of bitcoin depends on mass adoption..I would be the most happiest man if bitcoin gets to the level where countries use it as their main currency..The value will grow like never before.
I'm really not 100% on my decision on this. Even though it's quite unlikely, if a certain country does use bitcoin as it's official currency, then there will most likely be a lot of tracking/surveillance. Governments collects taxes, so one of the easy ways of them to track your earnings/spendings is for them to sort of designate a certain amount of wallet addresses to you for better tracking/traceability. Something like that.
countries wont use bitcoin as their national currency.
what is more likely to happen over the next decade is that instead of using banks standard database models. governments/banks will create their own fiat 2.0 based on blockchain ledgers. and those ledgers will intercommunicate with each other where by something like hyperledger becomes the IMF auditor/controller of each inter-dependant fiat 2.0 blockchain ledger
what is more likely to happen over the next decade is that instead of using banks standard database models. governments/banks will create their own fiat 2.0 based on blockchain ledgers. and those ledgers will intercommunicate with each other where by something like hyperledger becomes the IMF auditor/controller of each inter-dependant fiat 2.0 blockchain ledger
While it is good news for Bitcoin users/hodlers that countries allow the use of Bitcoin as a means of transactions within their border, what will be your position if a country decides to take a step further by using Bitcoin as its national currency?
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