if bitcoin becomes the country's currency - page 8.

Gabash

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Quote from: deklitt on March 02, 2018, 10:44:56 PM

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 is fit to be called an international crypto currency because every country has a lot of people using it as a new technology currency. But it's not impossible that bitcoin becomes the country's currency because the evolution of technology is on going.

dongyi17

full member

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FRX: Ferocious Alpha

::)Well we may not know what future bring but this things that is happening can be that part-changes, new technologies and rising new system and among others and bitcoin is one of those and as we can see people are now learning little by little how to use it..just like in the past when cellphone was first introduce to us but then as the days goes by we all learned it and not any single person knows it, so I'm sure that will be the same as bitcoin as currency in the future...eventually people will learn to use it, accept it and become part of their daily lives.

bitstibit

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This is a challenge especially in Third World Countries wherein internet is a big issue. Actually this is the main reason why there are altcoins

Erlinda Santiago

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Quote from: deklitt on March 02, 2018, 10:44:56 PM

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?

it would be great for so many people especially to thoae who are familiar with crypto world that would be easy for them to understand bitcoin if it is real currency

xamxam

full member

Activity: 409

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Well, what change into your life being a bitcoin holder will reflect on the economy of your country, what i mean is, those who have a bitcoin will now change their life and now they can buy their daily needs and even what they want whereas it can big help to the economy.

Zahrowil Qolbi

newbie

Activity: 140

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it might happen, but it would be very difficult for bitcoin to be used as the currency used by a country. many countries forbid bitcoin, because they worry about bitcoin circulation if used as a transaction tool. I would agree if bitcoin is only used as an asset whether it is a trading or investment tool.

Donotfoolme

jr. member

Activity: 115

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thats right bitcoin will become international currency .

boyjack

full member

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I dont think Bitcoin will be any countries currency, because as of now many countries are banning bitcoin and crypto curriencies, It is very difficult to track the Bitcoin transactions and It can be very danger for many countries to use Bitcoin, May be countries can generate their own crypto currency.

danggoron

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Merit: 102

Quote from: pekavcilar01 on May 18, 2018, 02:15:13 AM

I do not give a chance like this. No country currency does not make crypt money.
In the future, the countries will take out their own money. Such a thing will not happen in the near future.
Crypto money continues to be traded on stock exchange sites. I do not think anything will happen outside of it.

You are right. I am very sure if in the future there will be many countries that make their own cryptocurrency. So they can control and monitor it to the fullest. It can not be denied that the financial system has developed after the creation of cryptocurrency. The development of this technology should be utilized properly, so the government must also take a wise decision.

Rahaman46431

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it possible but noy now it is future plan.100% technology and 100% support and member plan of international successful be come.

sungaiyangderas

member

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As is known many countries forbid bitcoin, because they are concerned with the circulation of bitcoin if used as a means of transaction. Everyone will use bitcoin so that the eyes of the previous state will be lost and invalid.

alizalela7

newbie

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If they become the wisdom of the country, they have been accepted by the government as well as they have been legitimized and publicized throughout the country. It is also new and strange to us and to individuals. involved in bitcoin

shawn995

full member

Activity: 350

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I don't believe it's conceivable and it shouldn't need to. We as a whole realize that bitcoin is prominent among individuals everywhere throughout the world yet that doesn't imply that their cash were being changed into bitcoin or some other digital forms of money. Each nation has their own particular cash and that is the thing that characterize their identity. Suppose we change all the cash into bitcoin, at that point every one of the nations won't have character for themselves. Give them a chance to have their own particular cash and make bitcoin as a legitimate worldwide money.

oceantiger

jr. member

Activity: 308

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Blockchain fundamental is based on fairness, equality and decentralization. I believe any country that eventually adopt bitcoin as the currency may have introduce fraud free financial system in their economy. The economy will grow with every money accrue to the country being accounted for and payment system also become clean and audit able.

Sevarchik

member

Activity: 420

Merit: 10

Government will not allow this.
Or he make individual adress for each one, this concept look like good

lehuong

newbie

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This is a very good news for bitcoin investors as the money they invest has become more popular and more people know them and they are becoming more valuable and easier to trade.

camport

jr. member

Activity: 280

Merit: 3

It can become an International currency but I don’t think it could ever replace a national currency with hard, physical money as many don’t understand the tech

pekavcilar01

newbie

Activity: 238

Merit: 0

I do not give a chance like this. No country currency does not make crypt money.
In the future, the countries will take out their own money. Such a thing will not happen in the near future.
Crypto money continues to be traded on stock exchange sites. I do not think anything will happen outside of it.

Nazir0012

newbie

Activity: 112

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If Bitcoin was approved in every country, then every person in the world would be benefited and every country must be digital before and everyone will have to buy onlien.

DavitRoi

newbie

Activity: 490

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I think it will happen in future,not now because there are many country has not much educed person who are able to use bitcoin technology.So how can they use it as a country currency.

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