Topic: if bitcoin becomes the country's currency - page 3. (Read 1214 times)
People around the world are very much interested in virtual currencies and day by day it has been rocketed up in this digital world. So due to vast usage of people, Bitcoin will become the country's currency very soon, no doubt.
I think bitcoin needs to perfect itself in order to qualify as a currency and be accepted by the government. Bitcoin has the potential to become a country's currency. If that is the case then bitcoin will certainly benefit the government and certainly will make the economy a country to be better.
I do not think it's that easy to recognize bitcoin to be the currency of one country. Because of the price of bitcoin is uncertain and there are still many governments who do not agree with the existence of bitcoin, although bitcoin has started to be known to the world but still belom there is a believer about bitcoin.
It won't be easy but that is possible and very encouraging especially to those who involved in bitcoin. It would be a great opportunity for bitcoin holders once it happened. Many will be attracted with bitcoin and its uses will grow. The demand will get high and bitcoin will gain its reputation. But I don't think it will happen because we will surely gonna stick with the conventional currency.If that will be happen, then I could say Its a very big help to make bitcoin getting more popularity and will high demand of course just like you have said. And making a country as advance technology just like japan country which Is they adopt the uses of bitcoin by alternative way of payment on their stores and etc.
for the main currencies in a country? I think no it never happen, why? let see that every country always have their own currencies for their identity, if bitcoin become the main currencies in that country, what is the identity of that country? I think that country will be unpopular than other country that use their own currencies
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?
Yes it is very possible that bitcoin can be the currency of a country because it is very useful in terms of financial aspects. And in my own opinion it can change our economy. It can make our economy more productive than it seem. 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?
In regards to Bitcoin being used as a legitimate currency - some retailers have started accepting Bitcoin. But it is likely that the Governments will create their own crypto currencies and try keep control of where our money goes!
It depends to which country you belong to as in some countries like Japan it is declared as a legitimate currency but in many countries it is still an unregulated currency (remember it is not illegal but just unregulated) and it will be legalised in many more countries as it is increasing becoming accepted as a payment by many companies.
I do not think it's that easy to recognize bitcoin to be the currency of one country. Because of the price of bitcoin is uncertain and there are still many governments who do not agree with the existence of bitcoin, although bitcoin has started to be known to the world but still belom there is a believer about bitcoin.
It won't be easy but that is possible and very encouraging especially to those who involved in bitcoin. It would be a great opportunity for bitcoin holders once it happened. Many will be attracted with bitcoin and its uses will grow. The demand will get high and bitcoin will gain its reputation. But I don't think it will happen because we will surely gonna stick with the conventional currency.
This is a funny joke. Bitcoin has become a currency, so how does this government regulate their domestic economy? It is a good idea to give the domestic economy to the whales. Bitcoin can be used as another currency, but each country must have its own legal currency, and it may not be comparable to Bitcoin, but it must also exist.
in order to avoid problems in the future, bitcoin must first solve current technical problems such as, for example, anonymity, scalability, flexibility .. I think that this solution to these problems will help that more and more people will use bitcoin not as a means of accumulation , but as a means of payment.
Bitcoin can not be the currency of a country. Because no country has the same IQ population needed to use Bitcoin. There are always some low IQs, who do not know anything about technology because they do not want to learn anything new.
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 all can happen at least bitcoin is inaugurated as a currency and accepted by either government in a country, if bitcoin investors use the results for useful activities of course the future results are useful 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 not become an international currency because each country has a different currency
It's not possible, primarily because a country needs to be able to control the supply of money - otherwise it has only limited control over its own economy.
I think the more viable route is creating an altcoin/token. That way you can have a degree of control, yet still take part in the crypto-economy at large - which I do believe will become the economy of the world.
I think the more viable route is creating an altcoin/token. That way you can have a degree of control, yet still take part in the crypto-economy at large - which I do believe will become the economy of the world.
we have seen that bitcoin can change a person's life for the better and the economy increases, but the government has not been able to accept bitcoin as a legitimate currency in a country, so it may take a long time to get the government to believe in bitcoin
because the government cannot control bitcoin movements so they are not yet accepting bitcoin as a new currency. but for person's life, I am sure that every people in bitcoin world can feel that bitcoin is helped them to make money and they can have a better life in the future. like you said, it needs a long time to see the government believe and finally can accepted bitcoin as a new payment system.
if bitcoin into the currency of the country may be very happy people with the existence of digital currency like this because it is very practical to be able to transact very easily do not need to bring real money,
therefore I strongly support the existence of bitcoin into official transactions in various countries ...
before bitcoin becomes the country's currency, the government must be able to control and manage the bitcoin to avoid crime crimes that harm others. if bitcoin is not set it can actually damage the country itself because all can use it and anonymously. therefore I strongly support the existence of bitcoin into official transactions in various countries ...
we have seen that bitcoin can change a person's life for the better and the economy increases, but the government has not been able to accept bitcoin as a legitimate currency in a country, so it may take a long time to get the government to believe in bitcoin
I think the only thing that we can be assured of, is that economy will be very different then it was before Indeed it will be different
Indeed it will be different
if bitcoin into the currency of the country may be very happy people with the existence of digital currency like this because it is very practical to be able to transact very easily do not need to bring real money,
therefore I strongly support the existence of bitcoin into official transactions in various countries ...
therefore I strongly support the existence of bitcoin into official transactions in various countries ...
I do not think it's that easy to recognize bitcoin to be the currency of one country. Because of the price of bitcoin is uncertain and there are still many governments who do not agree with the existence of bitcoin, although bitcoin has started to be known to the world but still belom there is a believer about bitcoin.
Jump to: