Maybe it will be not, because it is not approved any correct source/company. People transactions this p2p, that means (Peer To Peer).
Sometimes it used for website for shopping/bill payment.
By the way, if it is national currency then I and all crypto loving people really surprised.
So, hope for good of digital currency.
Topic: Do you support the Use of Bitcoin as a National Currency? - page 8. (Read 901 times)
From my point of view, earnings on the Internet are now very popular in the world. I would recommend those who want to make money on crypto currency because it is now very much in demand, then you go into investing only choose a good project.
no I do not support it, because what should I do with my own currency ? and because of that fact that emission of bitcoin is not controlled by local governments, that means they can't change it and tune it for current situations. no one will like that.
I'd prefer that currents status of bitcoin will remain the same
I'd prefer that currents status of bitcoin will remain the same
With such volatility of course not
this is not a good idea, because not everyone in one country can use technology. Beside that, bitcoin prices are not always stable. in a matter of time can change, I think will be many people who will not accept it.
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 don't think that's possible. considering the value of bitcoin so highly fluctuating and difficult to control.
bitcoin is difficult to control by a country, what happens if the state adopts bitcoin as the national currency. when the bitcoin falls, the country falls too. do you think about the impact?
what will be your position if a country decides to take a step further by using Bitcoin as its national currency?
I will clearly not support it.
1. National currencies are subject to politics. I don't want dirty politicians get any chance to have anything to say for Bitcoin. Let me explain: if a national bank gets enough Bitcoin, they can manipulate the market by what the politicians say. I already have the feeling some do this. I don't like that.
2. The world runs on credit. It sounds bad, but it's true. While national currencies are inflationary, Bitcoin is deflationary. If Bitcoin becomes national currency the loans will become harder and harder to pay. What would you do if your load's value increased 15 times in a year (Bitcoin did)? Yes, your income will also rises accordingly, but it's still harder to pay imho.
On another hand I clearly support become a global independent currency and store of value. If you can pay anything anywhere with Bitcoin too, the life will be easier for everybody.
what will be your position if a country decides to take a step further by using Bitcoin as its national currency?
I will clearly not support it.
1. National currencies are subject to politics. I don't want dirty politicians get any chance to have anything to say for Bitcoin. Let me explain: if a national bank gets enough Bitcoin, they can manipulate the market by what the politicians say. I already have the feeling some do this. I don't like that.
2. The world runs on credit. It sounds bad, but it's true. While national currencies are inflationary, Bitcoin is deflationary. If Bitcoin becomes national currency the loans will become harder and harder to pay. What would you do if your load's value increased 15 times in a year (Bitcoin did)? Yes, your income will also rises accordingly, but it's still harder to pay imho.
On another hand I clearly support become a global independent currency and store of value. If you can pay anything anywhere with Bitcoin too, the life will be easier for everybody.
I think it's very good, and is a good advancement for bitcoin. even the purpose of bitcoin is not just to become a currency and commodity asset, but more than that. as a means of transactions, balancing the country's economy and worl, and also as a currency standard.
and of course, I will fully support it by contributing well to bitcoin keeping its good name, and also spreading its benefits.
and of course, I will fully support it by contributing well to bitcoin keeping its good name, and also spreading its benefits.
according to me depending on the interests of the country if the review and do not harm the state especially promote the community and the elements that there is a sense of agreement, but not as easy as changing the national currency, if I was asked to agree on it I really agree because I am much in favor with things That's because my interest in bitcoin is so huge that it has become my daily work to look for bitcoin
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?
Unfortunately, when a country decide to take it further and make it a national currency, its then beyond the position of an individual as there is nothing else to be done for or against such move in short my position is of no relevance to the situation of things. The only thing to do is for me to key into the current position and that would be done after careful study of this new transition of financial relations.
My position would be revolved around to start by making my position known as a crypto enthusiasts as one of the earliest people to have been involved, carrying out consultancy for adopters who want to take advantage of this new way of life, setting up a fully crypto market place either for goods or crypto, and paying due to government as the needs arises.
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?
The government does not use bitcoin as the main transaction tool in the country. In this case, the government needs a stable currency like the dollar. Because bitcoin volatility is so high that it is a bit difficult to make the national currency.Perhaps, if made as an alternative currency could happen as in Japan, or the US.
Better not to support it as a national currency because if we do so, government will handle this. And they will collect some taxes on it and then corrupt. I love bitcoin for being decentralize and anonymous.
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?
Does a country have anything to lose by not having its own national currency? Yes - It loses out on seigniorage - the profit between the cost of printing notes and the value of the notes. It also loses out on flexibility to conduct its own monetary policy. You may argue that some countries have adopted the dollar as their official currency - but this is only because the people and markets have lost faith in their national currency.
Not as a national currency, as having such a volatile currency would be incredibly risky, and it is not accessible to everyone, but yes as an alternative currency (one that is legally accepted in the country).
I strongly support if bitcoin serve as national currency because by applying bitcoin as national currency then everything will follow modern era.
How can i support.. if indeed the country hasn't been seen at all to respond on bitcoin intended as a national currency, and anyway i think of course due bitcoin is the currency that's in the cyberspace only.. it's not yet right to be used as a national currency. The price is very fluctuating from time to time that's easily influenced by many things.. i think it's not yet feasible to be used as national currency.
I say it will be verry happy! but in facts it will never happen. Although accepted by the goverment as a tool of transactions but the goverment will never make bitcoin as nationally currency. You know what? every country has its own currency, and this will be a consideration for the government if they use bitcoin, because they fear the original currency will be lost and replaced. I think it would be something bad for a country.
It wont happened, there are too many risks to used bitcoin as national currency, if the currency couldn't be controlled it will be very dangerous for all the citizens, and there is a chance that the country could be controlled by bunch of whales, so I don't see any good outcome will come out if btc become the national currency
That would be even better. If we have national currency, we won't worry about going to other countries and changing the money we have. Moreover, we won't be worrying about inflation anymore. On the other hand, we will be worried regarding the unstability of value. So, bitcoin has its pros and cons.
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