then the internet will be the first and most we need then, it all depends on the internet because we trade on the internet and if lose the internet
we will lose the cyber world also the crypto
Topic: if bitcoin becomes the country's currency - page 11. (Read 1238 times)
I think this is a very difficult thing, my country has banned bitcoin, even more and more countries are banning bitcoin, if that's the case I would be very happy because bitcoin can be used as a legitimate currency in my country
it seems that many governments are very anti with bitcoin, bitcoin potential that will harm the government is the reason, but if the government can be a little friendly, maybe they can give certain rules so bitcoin can only be the option for local currency, that would benefit both parties right? The popularity of bitcoin has now grown so rapidly that almost everyone in different countries recognizes and utilizes bitcoin either as a business asset or as a means of payment transactions.
And as we know so far the bitcoin legality is still a consideration for governments in various countries.
Looking at that fact is it possible bitcoin will be the currency of a country?
And can bitcoin change the country's economy for the better?
And as we know so far the bitcoin legality is still a consideration for governments in various countries.
Looking at that fact is it possible bitcoin will be the currency of a country?
And can bitcoin change the country's economy for the better?
No, bitcoins can not be made in a country's currency. Although in the future crypto became very popular and the country adopted the crypto system it is likely the country will make their own crypto currency.
Bitcoin can not become the currency of a country. maybe a cryptocurrency with features similar to Bitcoin will become international currency, except my county.
The government of each country will not accept bitcoin become currency. Because we have different currency and every country has taxes by using own currency. What the bitcoin can get taxes if our use it. So I think it's not reaility to happen or impossible to happen. Because also we hve big effect on the globalization because some people are investing in other currency and sell it if price increase.
We cannot assure that bitcoin will be a country currency because of the people that dont know about bitcoin or in the crypto world and some people want to help others so that they also know what it is but they’re always refused about it because of the ignorance and not a open minded people, thats why we can say bitcoin will never be a country currency.
you are right. Nowadays, bitcoin will just be an investment tool, or payments on the internet. there are still so many things to keep in mind. it will make the economic balance becomes unstable because of the btc price of the dump and pum quickly.
We cannot assure that bitcoin will be a country currency because of the people that dont know about bitcoin or in the crypto world and some people want to help others so that they also know what it is but they’re always refused about it because of the ignorance and not a open minded people, thats why we can say bitcoin will never be a country currency.
Bitcoin is difficult to become a currency, and it is impossible for governments to make it a unit of account for economic activities and transactions. This is a fundamental attribute of money, and bitcoin can hardly change the credit ecology in a modern economic environment. To reduce the pro-cyclicality of finance, the feasible way is to reform the existing monetary pyramid and standardize finance, rather than restart the stove.
You are right because no government can fully control the bitcoin. because the bitcoin is decentralized. The greatest possibility is that a government creates its own cryptocurrency which they can fully control. 
The popularity of bitcoin has now grown so rapidly that almost everyone in different countries recognizes and utilizes bitcoin either as a business asset or as a means of payment transactions.
And as we know so far the bitcoin legality is still a consideration for governments in various countries.
Looking at that fact is it possible bitcoin will be the currency of a country?
And can bitcoin change the country's economy for the better?
if to be the currency of a country I think it takes time and process long enough because to replace it it must be accepted by all society and all groups And as we know so far the bitcoin legality is still a consideration for governments in various countries.
Looking at that fact is it possible bitcoin will be the currency of a country?
And can bitcoin change the country's economy for the better?
I think bitcoin that will not be currency because not all country are agree on bitcoin they ban bitcoin because they can't control it and not all country are have an internet access and not all people have an account on bitcoin.
No its not possible. Because there is no country which has population of same IQ that is needed to use Bitcoin. There is always to be some dumbass, that doesn't know anything about technology, and keep being ignorant, because he/she/it doesn't want to learn new stuff.
Aside from that, the country's economy and market itself would be totally reliant to internet and they should be able to provide internet services throughout the nation plus the market price would be very volatile to be used across that county.
It is difficult to make bitcoin into the country's currency. Despite the robust development of bitcoin and it's convenience, many still do not trust it. So many governments do not accept bitcoin. In a country, a lot of people do not know what bitcoin is, there are some elements who don't known about technology, refuse to learn new things, and barely understand the bitcoin knowledge.
Looking at that fact is it possible bitcoin will be the currency of a country?
And can bitcoin change the country's economy for the better?
And can bitcoin change the country's economy for the better?
Sadly will never happen, governments will never accept something they can't control - bitcoin.
Most likely countries will issue it's own local crypto currency, which they can control and influence the price.
Crypto currency will definitely help some countries to overpass sanctions, and most likely boost economy of this country.
bitcoin will never become the national currency. Because bitcoin is a virtual digital currency. Bitcoin is created for every transaction in place of cash. bitcoin has a certain limit value and it will reach the lowest value of zero.
I think Bitcoin is only used in virtual life but not everyone in a country is not interested in using the Internet for shopping or receiving money about their daily lives. So it is very difficult to become the main currency. Bitcoin will also be a threat to economic conditions because of a decentralized system whose value can not be affected by any policy
Transfer fee However, if the transfer is to be made immediately, you will have to pay a commission that you yourself decide to pay the more you pay, the more will be the transfer.
I think this is a very difficult thing, my country has banned bitcoin, even more and more countries are banning bitcoin, if that's the case I would be very happy because bitcoin can be used as a legitimate currency in my country
If it is going to be declared as one country's currency it would be pumped as hell. Be sure about it. Current market cap of bitcoin is high but I can't even imagine if country like for example, ireland, using it.
Bitcoin is difficult to become a currency, and it is impossible for governments to make it a unit of account for economic activities and transactions. This is a fundamental attribute of money, and bitcoin can hardly change the credit ecology in a modern economic environment. To reduce the pro-cyclicality of finance, the feasible way is to reform the existing monetary pyramid and standardize finance, rather than restart the stove.
The popularity of bitcoin has now grown so rapidly that almost everyone in different countries recognizes and utilizes bitcoin either as a business asset or as a means of payment transactions.
And as we know so far the bitcoin legality is still a consideration for governments in various countries.
Looking at that fact is it possible bitcoin will be the currency of a country?
And can bitcoin change the country's economy for the better?
And as we know so far the bitcoin legality is still a consideration for governments in various countries.
Looking at that fact is it possible bitcoin will be the currency of a country?
And can bitcoin change the country's economy for the better?
Yes, bitcoin will possibly become the country's currency as we can see it is know getting popular, not only that some countries are know adapting bitcoin or crypto as mode of payment as they can see its huge potential, however before it happens I think there will be few steps that government will take before they consider adapting it. Or they need to study how other countries manage to accept bitcoin before making decisions, it would normally take time but for sure, bitcoin will eventually be considered as a cpuntry's accepted currency.
Bitcoin's own monetary order, the anonymous distributed nature and the indirect protection of illegal transactions make it very difficult for the government to recognize. This uncontrolled flow of money is bound to impact the financial environment, while its own risk will also threaten the social and economic order. Therefore, for such an uncontrollable virtual currency, it is very difficult for governments of all countries to show their encouragement and support, which in turn will be related to the smooth development of the future of Bitcoin.
Do governments of countries need to show their support of Bitcoin? I don't think so.
Obviously, governments can outlaw the use of Bitcoin for transactions within their jurisdiction, but let's be honest...how much Bitcoin transaction activity is really happening between businesses and consumers? Very little.
What if Bitcoin became a World Reserve Currency that fiat currencies are backed by? Like going back to the gold standard. This seems like the most realistic level of governments embracing Bitcoin.
Thoughts?
Government can regulate bitcoin, but it can never be stopped as transactions are anonymous. Bitcoin can never be either considered as a currency and neither can be a reserve backed by fiat currency cause that wont even make sense.
Well , it might happen in the near future but for me not as country's currency but other payment method or valuable thing.
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