Topic: Do you think bitcoin will used as National Currency on 2026? - page 6. (Read 3966 times)
I am already happy if Bitcoin is one of the major digital currencies as far as online payments go. Debit cards will most likely remain the nr1 option for online purchases. They are too far ahead of all payment options/services. I am quite sure that Bitcoin can overtake PayPal in terms of total transferred value within 5 years. That will be a massive blow in the face of PayPal & Co.
Let bitcoin be a digital currency and lets not complicate it more, as being a digital currency it is taking care of us, we want that bitcoin should become a stronger currency in future.
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 ??
'Official Currency'?
Don't think so....only thing that concerns me with Bitcoin is it's value in £s, €s, $s, etc.
And actually, I hesitate to use for anything except drugs, cos the value fluctuates so wildly and it is generally just a pain the arse to use Vs electronic banking.
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.
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.
Uh...it's the "national" currency of 4 people, literally. The article said specifically, "There are four citizens: me, my wife, my son and my daughter." It's no more legit as a "national" currency that those Posse Comitatus-type folks common in the US who mount a bunch of "no trespassing" signs (usually worn-out tires) on fenceposts around two acres of river-bottom land and declare it to the The Republic of John Q. Smith.
To answer the original question, no, I don't think so, because it can't be controlled in the way that governments manipulate their currencies. For example, they can't determine for themselves how much is in circulation, can't print more to devalue it, etc...
local currency = yes.
national curency = no, too much corrupted politics (look argentina, people die ... but they don't change currency to reset).
national curency = no, too much corrupted politics (look argentina, people die ... but they don't change currency to reset).
Bitcoin can never become a national currency, and if it does then the government will come into action which will start having control over it and introducing their own rules and regulations.
What is the definition of national currency? Used by a national population or directly handled by the government? If it's the last one then I'm voting for never, ever ever.
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.
We don't know whether it will survive that long or not, and even if it does it will never be used as a national currency, bitcoin will always used as a secondary currency and not as a primary.
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 ??
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