Topic: Do you support the Use of Bitcoin as a National Currency? - page 9. (Read 911 times)
If Bitcoin is used as a national currency, then I am not the same. There are so many people in the bitcoin that they have no idea. With the nationalization, the government of that country will have to vet. For him many poor people will wear many problems.
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?
For now and some time to come, it is impossible for my government to allow the use of bitcoin as a means of payment. If for some reason they allow it, I certainly would not simply agree to it. The bitcoin price is very volatile and that is why it will face a lot of problem if bitcoin will be used as a means of payment for every stuffs out there.
In my case, I don't want bitcoin to be the national currency as of now. Because a lot of people here in my country does not have any knowledge on how to use cryptocurrency and it is hard to make it as the means of exchange if not everyone knows it well. Maybe, it will be good if almost all people are aware of using 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?
Thats the most stupid thing that a government can do. I love my countries history which are forge and written in our currency. Bitcoin doesnt have a slightest chance to be a national currency because law makers and majority of the people wont allow it. Instead adopt the technology and further improve the monetary system of a country.
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?
If this is really implemented by the government into the state financial management system it is very possible that the economic change of the nation that leads to for progress will be realized as hoped by the government I certainly will fully support it because only bitcoin which can change the populist economy and the state fairly and equitably.
I support bitcoin because many people support bitcoin but have not yet approved bitcoin in our country but will also be getting the day to approve the bitcoin here in our country so other people will know more about bitcoin and importance its in person
I am less supportive of it for now, because of the high bitcoin exchange rate and the unstable bitcoin price
other than that not many people are familiar with bitcoin
this need to be reviewed again
other than that not many people are familiar with bitcoin
this need to be reviewed again
I don't think if country will accept to use bitcoin as a national currency. Bitcoin is decentralized very easy to affect the economy moreover the value is often fluctuation. But if the country will accept that risk i will fully support it.
The Free Republic of Liberland already uses Bitcoin as its national currency, though it is a small country.
What happens when bigger countries like USA follows suit.
What happens when bigger countries like USA follows suit.
its not a country..
its not even a civilisation
the liberland is just 7km2. it is not even big enough to have a substantial population or area big enough for living, working and growing its own produce to be self sufficient.
imagine something thats been round longer/has more population/land/cultiure and civilisation..
do you really think that native americans / amish have their own "country". even if they have their own land and try to suggest they dont follow the laws of america and and instead have their own laws/courts/punishment system they are still in america and not their own independent country separate from america.
there is alot more that land owners need to do than just design a flag and stick it in the ground while sipping a glass of champagne saying its their independence day.
..
anyway that said.. proper legit countries wont just take bitcoin on as their national currency. they cannot own/licence/control it like they do with fiat. .. at best they can do is allow people to use it as just another secondary means of payment much like its not illegal to let people swap a case of beers as payment for someone fixing their car or doing a bit of house DIY/plumbing
National currency No, but as an International currency : yes.
Bitcoin as international currency is a great idea where in all nations around the world fully recognize bitcoin as a legal tender or currency. This way it is very easy to transfer from anywhere in the world wherein it has value and no need for some restrictions or whatsoever. I know this is far from reality as of now, but I am optimistic walys.
Bitcoin as international currency is a great idea where in all nations around the world fully recognize bitcoin as a legal tender or currency. This way it is very easy to transfer from anywhere in the world wherein it has value and no need for some restrictions or whatsoever. I know this is far from reality as of now, but I am optimistic walys.
Countries will never use Bitcoin as a national currency and even I don't want it. Bitcoin never can be a national currency, You have to understand that bitcoin is a digital currency and it is volatile. You never can expect bitcoin price. someday price will 40k USD and someday price can be down at 5k USD.
I strongly support if a country makes bitcoin as their currency .. But people should be able to master bitcoin .. Because not everyone knows bitcoin and many who can not use 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?
For me its not a good idea,
first because of its value are not stable
second what if people dont have internet and gadgets how they can use it if they use bitcoin as a national currency?
And i think government will not do that because economy will change and its a big work for them if they change the currency of all countries.
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?
This i a big news to all crypto holders and users because they already accept it in majority of the countries. The biggest advantage of this news to all is the lower transaction fee because it is alredy legl.For me it is a big deal to all because they are agree about the usage of bitcoin and how bitcoin helps ll country to increase the economic status of each one of them.
i want to say that it won't happen like franky above but i have seen countries do a lot of weird stuff in the past regarding bitcoin so it is not completely unlikely. it is a dumb move though! first they won't be able to control anything about bitcoin, not its supply, not its flow and not its usage,... second the price may not become stable for a very long time and that is not a good thing for a country economically.
I support it, but it is not possible at the moment. It may be possible in the future. This requires better development of Bitcoin or the establishment of a federation on Earth. Then the unified currency may be bitcoin at this time.
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 answer can not be directly yes or no as it is big decision as for developing country there are different situations which a government has to face no doubt its technology is supported by me for national currency as every government wants its complete authority on financial system for tax collection, revenue generation, welfare programs. So its difficult for bitcoin to be a national currency but transaction based on bitcoin should be accepted by the government. 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 see that many people do not understand the consequences of this step. Bitcoin can not be recognized as a national currency, on the basis of which the country's economy will be planned. If this happens, any economy will not survive the big volatility of bitcoins and fall apart. There are other serious consequences of this stupid step. I hope that in my country they will not think of this. Bitcoin, like all crypto currency, can and should go in parallel with national money, then the economy of the country will be all right. In order to be recognized as a national currency, first of all, it is necessary to remove its high volatility. 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?
Behind Bitcoin is the enormous value of blockchain, and even the impact of blockchain on existing economic models is disruptive. So I support bitcoin as a national currency.
I think bitcoin must be layer on national currency, because price of btc while dont predictable
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