It would be very interesting to see bitcoin as a national currency, though this is a utopia.
I do not believe that any government would officialize this situation, because it would be impossible to issue its own currency.
It is much easier and convenient to adopt your own digital currency.
Topic: Do you support the Use of Bitcoin as a National Currency? - page 2. (Read 900 times)
Bitcoin can be use for criminal attempt for example money laundry or drug transaction which my country against with them.
I'm not sure that my government can't accept that while I'm agree for bitcoin as investment asset rather than national currency.
I'm not sure that my government can't accept that while I'm agree for bitcoin as investment asset rather than national currency.
That would not be a good move , and i would not support such a move at this moment in bitcoin development. bitcoins is still very volatile and that would spell and create a myriad of economic woes , because of its volatility it would be very difficult for our economic ministries to make plans with bitcoins simply because the prices fall drastically today and increases drastically next week so how do you plan around this volatility , if there is a proposal that deals with this issue , then definitely i would love to use it as a currency.
It will be huge step for a country to consider bitcoin as their national currency. In my opinion, I support it to be accepted in a country because of its features and ability to transact with our daily expenses and money transfers hassle-free.
Of course, because I invest in bitcoin and tried to develop it in every way. And accepting cryptocurrency in my country would make me happier.
It is a nice thought to make Bitcoin as national currency but it's just a nice thought nothing else. As Bitcoin will make many things hard and empty government's treasure and will lead to worsen state conditions. You need a stable system to run the government and handling it to decentralized agency will ruin it by big whales and investors, a centralized agency is always required to maintain things.
Of course, because I invest in bitcoin and tried to develop it in every way. And accepting cryptocurrency in my country would make me happier.
I am very good with cryptocurrency and would agree to use it as a national currency in my country. I hope it will happen soon enough.
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.
I do not think i will support it. Because not all of us know bitcoin. And I do not think it can be a national currency because bitcoin values are too easy to change. too easy.
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?
Well those who are holding bitcoins for a very long time are really expecting for bitcoins to become the next currency to be used nation wide but still it will be implemented as long as not other countries will allow it to flow on their area.
Furthermore, it's necessary to clarify that Bitcoin does not need to become a national currency to become legal in an country and it does not have to replace any local currency! As is, legalized or not in some countries, Bitcoin already is a global currency.
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?
Of course, I will definitely support that very huge step not just of Bitcoin but also of the particular government taking it. That is so great the world news will definitely feature that for a long time. That means the payment system is already fully digital in that country. No more hard cash, which is actually somehow obsolete in this digital age. That also means that there will already be a full transparency in terms of transactions. Since everything can be double checked in the blockchain, no one can deny or hide anything. With this policy, I know the government will be saving a lot of time and avoiding a lot of unnecessary hassles.
Not sure, they must show valid reasons first why bitcoin can become a national currency someday. Many would reason out that bitcoin is decentralized, tax-free, easy to transfer, no need for intermediary and others. But there are also some disadvantages on using bitcoin as national currency like its high volatility that cause it price to fluctuate rapidly, the price may rise and fall drastically and might cause confusion among the users and there is also a possibility of massive hacking. These and many other possible problems in the future have to be solve first before using bitcoin as a national currency.
No, Bitcoin is a worldwide currency and if a country adopts it as national currency, all the other countries can affect its economy by manipulating BTC price. And even if it's not manipulated all the FUD and regulations from another countries will affect BTC's price and consequently the country's economy that has Bitcoin as national currency, it's very dangerous and unstable for the citizens of that country.
If it's a minor country, like those islands and few principalities that almost no one knows, it might work as they have nothing to lose.
If it's a minor country, like those islands and few principalities that almost no one knows, it might work as they have nothing to lose.
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?
I 100% support for Bitcoin as a national currency because we are now in a new technology its time to go with the flow of new technology we all know that this kind of transaction is much better than before. CONVENIENT no HASSLE and Faster than the current uses of our currency. that's reality.
Yes, I welcome bitcoin to become a national currency. so it was convenient to come to the store and buy for bitcoin
No!! We must use paper money. If you talk about trading, of cource i'll support it more. But national Currency must be a paper money: it is simply for government and people.
As for developed countries, paper money is outdated already, cashless economy is in priority.
No!! We must use paper money. If you talk about trading, of cource i'll support it more. But national Currency must be a paper money: it is simply for government and people.
I support this, but... I do not think that the central banks will agree to this, because it is against their fundamentals. In my opinion, sooner or later bitcoin will be adopted as a kind of asset and no more.
if bitcoin becomes the national currency does not agree because bitcoin is unstable. and also each has its own currency. mash many that need to be repaired from btcoin system itself to be more safe used by the crowd.
I really doubt that any sovereign state will ever accept BTC as a national currency. You should firstly understand how sovereing monetary system works and its regulation principles function. Secondly, that scenario is against BTC principles of decentralization though it is not a fully decentralized coin. But I think some countries soon will try to elaborate their own sovereign blockchain systems without any direct linkage with BTC.
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