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Topic: if bitcoin becomes the country's currency - page 13. (Read 1238 times)

full member
Activity: 217
Merit: 100
I think that will never happen. In my country, the government does not accept bitcoin. The government does not control the development of bitcoin, the govement can’t apply taxes with bitcoin so they have banned bitcoins. Moreover, many people do not know what bitcoin is.
full member
Activity: 448
Merit: 100
Diagon
While in the network Bitcoin will not get the opportunity to make instant payments. No one government will even think about it.
newbie
Activity: 99
Merit: 0
Bitcoin is illegal in many country.But if bitcoin becomes our country currency ,it will be great for us.If bitcoin legal in my country.I will bear all of my daily necessary by bitcoin suce as my tution fees,my shopings,my net bills etc.it will be easy for me to buy anything in anytime by bitcoin.
full member
Activity: 490
Merit: 100
I do not think that it is realistic, and I also do not think that it should be controlled by government.
Right now bitcoin is not controlled by the government and bitcoin is the free currency but and much as time passing bitcoin being so famous and now government of the country is trying to take the command and I think it will be good because more people will be able to use bitcoin as a regular currency, bitcoin is very easy and reliable to use and it is a source to transact money from one country to the other without any problem and worry of lose as these kind of transaction is being done within hours now.
full member
Activity: 442
Merit: 101
No, I do not think bitcoin can become a national currency. high payment costs and slow transactions. Can not use bitcoin to pay for daily expenses. Governments can hardly control all bitcoins in their country. I think there should be some improvements to make bitcoin better
newbie
Activity: 25
Merit: 0
I do not think it's easy to convert a local currency into a bitcoin currency, but if bitcoin is used as a digital transaction tool that applies across the country I think it can be realized. it all depends on the policies of all countries
hero member
Activity: 994
Merit: 544
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?

Bitcoin can change the country's economy for the better there is no doubt about it.  Considering that many unemployed was able to have some earnings because of bitcoin and other cryptocurrency.  As if it is possible that bitcoin will be the currency of a country, I do not think so.  Since it is being used on same rate same price on the whole world.
full member
Activity: 406
Merit: 100
If bitcoin will become a currency of a country. Its a good news for those people who have bitcoin in their possenssion and know how bitcoin works. But bad news for those poor and uneducated people. Because they don't know what bitcoin is and how to use it.
full member
Activity: 602
Merit: 111
No way, bitcoin is not ready yet to be a global currency or a country currency, that country will be broke because the slow speed transaction and high fee.
But i think one day it can be, bitcoin is growing.
Maybe they can create their own crypto currencies for their country but they can't use bitcoin as their only currency becaue its availability is less and I don't think a government will make a decentralized currency as their currency.
member
Activity: 112
Merit: 12
Assignments Trading Platform
If bitcoin becomes a country's currency it's a good news, and the country will be more famous because all the people use bitcoin as a means of payment, and the country will be known with excellent technology because they use virtual currency.
full member
Activity: 546
Merit: 100
No way, bitcoin is not ready yet to be a global currency or a country currency, that country will be broke because the slow speed transaction and high fee.
But i think one day it can be, bitcoin is growing.
sr. member
Activity: 584
Merit: 256
Since this platform is becoming popular and profitable around the world so that it will become a large platform in the future. So day by day every country will get this one as their currency because of the public demand. In this way, Bitcoin will become the country's currency...
hero member
Activity: 1190
Merit: 534
I don't think that in the democratic environment, anything like this is possible because we elect some representatives to represent us but they want to control the things on behalf of us so as a governing authority, they don't want us to hold our values as they seek the control on it. Thus, I am not expecting Bitcoin to emerge as a national currency of any democratic country.
hero member
Activity: 1036
Merit: 500
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?
I think Bitcoin will not be the currency of a country because Bitcoin is secret and its appearance no one knows, bitcoin from which country? many people say from japan but i am not so sure of that statement.
full member
Activity: 287
Merit: 100
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?

for a country to accept the BTC it is unlikely that,
even from the point of view I find that all central banks will refrain from debating this matter in more detail,
this is because the issue that is often played is the secret of holders and transactions
that enable the occurrence of abuse in money laundering and terrorist financing

in addition,
the BTC does not represent any country and has separate with
development by teams that shape the economic landscape in our own mold
without intervention from any financial institution and this is in contrast to the 8 world giants currency
that have political power and economic relations strong with all countries and
compete with each other through geo-political and economic static

but in the event that have a country recognizes BTC
as their country currency it will be a matter
that really happens beyond the reach of the mind.
we can assume it is a success and will change
the world economy landscape completely.
newbie
Activity: 98
Merit: 0
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?

Exactly not soon it will happen. Since there are so many flaws in bitcoin, for example, the same time spent on one transaction. And the fact that the state will not be able to control bitcoin (since it is a decentralized currency). Purely because of this, they do not want to recognize him. Without taking into account a number of other difficulties.
newbie
Activity: 9
Merit: 0
Poland is planning to create their cryptocurrency „Digital PLN“ („dPLN“). This coin won't be let used anonymously.
full member
Activity: 392
Merit: 100
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?

I think, bitcoin can be a daily currency if the government also supports bitcoin and accept bitcoin as legitimate payment, but if it does not then it would be impossible
legendary
Activity: 1386
Merit: 1001
If bitcoin becomes a national currency then there will be exact adherence to certain rules and this is its stability without ups and jumps down at least.
It is impossible for bitcoin to be some country's national currency, though nations can remove regulations on it but making it as a national currency is something that cant be digested.
member
Activity: 266
Merit: 10
If bitcoin becomes a national currency then there will be exact adherence to certain rules and this is its stability without ups and jumps down at least.
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