Topic: Do you think bitcoin will used as National Currency on 2026? - page 5. (Read 3966 times)
Frankly, I don't see this as impossible. A little touristic archipelago could do it to boost his touristic attract, and it will surely work.
It will be an official national currency, but not in a nation that currently exists.
do you expect a new nation to pop up within let's say 20 years? i don't think so. maybe there will be a small island with around 1000 citizens where they change to bitcoin as currency, but not more than that.
You'd have to refine your question. Bitcoin is already a national currency. Pontinha recognized it as a national currency back in 2015 (they're very small, located off the shore of Portugal). I don't think that some big country would declare Bitcoin as their national currency and especially not in 2016. The price is not stable enough to act as such.
I wonder how it went in Pontinha and how are the banks located in that place.I doubt, even by that year (2026) to claim a label "National Currency" since the government itself, won't let this to happen as much as we like to. However I do believe that it will be replacing US Dollar in terms of most exchange currency in most countries and that would be good enough.
If it gains more stability then why not. It would certainly perform much better than certain currencies. As an example go look up the exchange rate of the Venezuelan bolívar. 
I doubt, even by that year (2026) to claim a label "National Currency" since the government itself, won't let this to happen as much as we like to. However I do believe that it will be replacing US Dollar in terms of most exchange currency in most countries and that would be good enough.
It will be an official national currency, but not in a nation that currently exists.
I disagree, It will be a national currency by that year, but its also pretty unpredictable because maybe the bitcoin will not exist anymore, the digital currency is the future. I'm thinking that there will be a another currency by that time that will take over the world.
I'm thinking since bitcoin is very used as a official currency on internet but still not used by many people since its popularity is still not that high.. What if on year 2026 is a the year where bitcoin is known by most people .. Do you think bitcoin will be used as a National currency on that year just like money that we used right now ??
Of course it will happen, but i think only small country who will do it.
Most country will ban or "regulate" bitcoin & persuade their citizens to use their currency.
But, i'm sure many people will know & use bitcoin in 2026.
It will be an official national currency, but not in a nation that currently exists.
i doubt this will be the case for any advanced nation, maybe for those poor nation like zimbabwe or nation with corrupted government
or nation that are a joke like liberland, for all the strong one it will be almost impossible to expect it
or nation that are a joke like liberland, for all the strong one it will be almost impossible to expect it
Its possible for sure, everything is gonna be digital in the future plus the bitcoin has this already so it would be pretty stupid to not use it. I'm thinking that there will be a global digital currency but not with the bitcoin but it an other digital currency in the later days.
Probability ZERO for any country (you didn't mention WHICH nation, but it really doesn't matter).
Nations like to have control over issuing their currency, after all - the EU is an abberation.
Nations like to have control over issuing their currency, after all - the EU is an abberation.
You'd have to refine your question. Bitcoin is already a national currency. Pontinha recognized it as a national currency back in 2015 (they're very small, located off the shore of Portugal). I don't think that some big country would declare Bitcoin as their national currency and especially not in 2016. The price is not stable enough to act as such.
I wonder how it went in Pontinha and how are the banks located in that place.
2026 may be different from what it is now and if government sees what good can bitcoin do. And since bitcoin can be traced, this will probably help corruption in the government. Bitcoin may not be national currency for each country but probably chose any altcoin.
i doubt this will be the case for any advanced nation, maybe for those poor nation like zimbabwe or nation with corrupted government
or nation that are a joke like liberland, for all the strong one it will be almost impossible to expect it
or nation that are a joke like liberland, for all the strong one it will be almost impossible to expect it
No, not for a country alone.
It will be globally.
See www.hyperbitcoinization.com
And 2023 is possible.
It will be globally.
See www.hyperbitcoinization.com
And 2023 is possible.
I'm thinking since bitcoin is very used as a official currency on internet but still not used by many people since its popularity is still not that high..
There is nothing like official currency online and NO its not only because of the popularity but also because of the precautions one has to take to use it properly.People simply use the fiat and do their stuff cause not everyone cares about the anonymity or their privacy.I don't think that some big country would declare Bitcoin as their national currency and especially not in 2016.
You sure he didn't said 2026 ?What if on year 2026 is a the year where bitcoin is known by most people ..
Some fiat 3.0 shit. You didn't expect the real money was in charge? Only after WWIII, maybe.
As long as the regular fiat currencies are atleast somewhat stable there will be no switch.
It is just too much work to change the currency of a country. With the introduction of the euro for example, there were countless campaigns, free euro handouts (1 of each coin), massive roll over period where you could turn in your old currency for euro, etc, etc. It is just one massively expensive operation to perform, especially if there is no real reason.
Changing to bitcoin, something that has never been tested before, with a whole country is just insane. Some small micro economies might start using it though, but they have been around with alternative methods already.
It is just too much work to change the currency of a country. With the introduction of the euro for example, there were countless campaigns, free euro handouts (1 of each coin), massive roll over period where you could turn in your old currency for euro, etc, etc. It is just one massively expensive operation to perform, especially if there is no real reason.
Changing to bitcoin, something that has never been tested before, with a whole country is just insane. Some small micro economies might start using it though, but they have been around with alternative methods already.
I'm thinking since bitcoin is very used as a official currency on internet but still not used by many people since its popularity is still not that high.. What if on year 2026 is a the year where bitcoin is known by most people .. Do you think bitcoin will be used as a National currency on that year just like money that we used right now ??
i think anything is possible, it is hard to speculate that far into the future. we might even be using another form of currency as cash.
but i don't think any nation or or better say government would like losing control of money, also banks don't like becoming obsolete so bitcoin becoming a national currency just seems impossible to me.
I believe Liberland have declared it their official currency, although it is a new and tiny country (just a few square miles), with only about 300,000 people applying for residence there. That's small for a country, but a nice addition of new users since it would require adoption by all.
Thats not gonna happen. There are possibilities for it when the technology is modified in such a way that it can't be used for illegal activities. Once such thing happens more possibilities for it to become a local currency.
Paul Rosenberg of CryptoHippie was just Operation Freedom (w/ Dr. Dave Janda) today, which is a major talk show in the Ann Arbor area that is also listened to worldwide. If you check his bio, he's a cyber security expert who formerly worked for NASA and other military contractors for the aforementioned topic. Anyways, his CH is one of those VPNs that blocks NSA spying on your shit and he's a frequent guest on the show mentioned above. His final spiel about the banking situations developing around the world is for people to possess gold, silver and yes, Bitcoin. This targeted audience is the precious metals type, so to hear them getting a dose of Bitcoin being a source of value equivalent to their metals was very powerful. Increasingly, Bitcoin is being seen and heard of as a strong go-to haven for economic turmoil that we would have thought unheard of in years past.
This is huge if the trend continues. Really glad to hear that targeted audience is hearing positives about Bitcoin.
With a lot of devices running transactions everything is possible but surely other cryptocurrencies will be serving too, But I can not really describe their status as National or something different. But yes as a value instrument.
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