Topic: if bitcoin becomes the country's currency - page 9. (Read 1214 times)
I think no the government will not let bitcoin as a country currency and this is bad for their economy because we know the bitcoin price is so volatile.
not likely, it will not be possible. there will be no country that makes bticoin as the country's money.
bitcoin is too risky fluctuations are very sharp. it will be bad for the economic condition of a country
bitcoin is too risky fluctuations are very sharp. it will be bad for the economic condition of a country
There's a chance that bitcoin will help out a country's economy by giving the citizens a way to make money, means there's another source of income which is good for the country and it will be taxable.
Bitcoin can be a country's currency but it will not be the main one, it can be a sort of alternative payment just like what's on the news that it's possible for someone to pay taxes through bitcoin.
Since the main feature of bitcoin is to be that way.
Bitcoin can be a country's currency but it will not be the main one, it can be a sort of alternative payment just like what's on the news that it's possible for someone to pay taxes through bitcoin.
Since the main feature of bitcoin is to be that way.
if the bitcoin currency so the country's currency, that's great and also we can add friends, hopefully the bitcoin currency can be officially in Indonesia.
it will not happen if bitcoin becomes the currency of the country, because the currency must be real and made by the state itself. bitcoin if the real world is not worth it. because bitcoin is a digital currency so if in the digital world bitcoin has a fantastic selling price.
if the bitcoin currency so the country's currency, that's great and also we can add friends, hopefully the bitcoin currency can be officially in Indonesia.
If bitcoin becomes the country’s currency this will be a good advantage for us that who has already started here. It is because we already have a bitcoins and aside of that we already gained the knowledge on how it function and the most important thing is we already know how to get bitcoins. If this will happen for sure that price or value of bitcoin will rapidly raise because the demand of it will surely raise to. Well we must pray for it that this will come in the near future. But in my personal opinion this might be just a dream for each and every one of us.
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?
still too long it happens to be the currency of a country because bitcoin is not known and understood by all levels of society and class because the currency of a country must be accepted by all levels of society 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 recognized in different countries, but to convert it into its currency, I do not believe that Bitcoin is a decentralized system
I don't think it's possible and it shouldn't have to. We all know that bitcoin is popular among people all over the world but that doesn't mean that their currency were being changed into bitcoin or any other cryptocurrencies. Every country has their own currency and that's what define who they are. Imagine if we change all the currency into bitcoin, then all the countries won't have identity for themself. Let them have their own currency and make bitcoin as a legal international currency.
This will happen soon if support cryptocurrency for the near future. We may not feel it by now maybe because it is still in the process of adoptation but in the near future I know that blockchain technology will be used side by side with fiat money it is because some governments see potential most especially with Bitcoin. If the bitcoin is in control of it and can not be used in the exact crime bitcoin will be used by the state of the country in this world. Many people are earning more in bitcoin than in their regular job.
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?
Its impossible to make bitcoin as currency of a country. Bitcoin is decentralized system and data spread all around the world. Its impossible if bitcoin claim as currency in some country because the decentralize system.
I think bitcoin can make economy become better because with bitcoin advantages on transaction, company or people will more eficient on their transaction
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?
Its impossible to make bitcoin as currency of a country. Bitcoin is decentralized system and data spread all around the world. Its impossible if bitcoin claim as currency in some country because the decentralize system.
I think bitcoin can make economy become better because with bitcoin advantages on transaction, company or people will more eficient on their transaction
this would be very nice
Maybe soon not in a country but will be a world wide currency, But we are far from there because there are so many people who are against it most likely the governments. Just trust the process and just continue spreading the good new about bitcoin and how it works.
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 me it is not possible that Bitcoin will become the main currency of a country it is because of it's volatility which makes it uncertain. When it comes to cahnging the country's economic gain or for the betterness, I can probably say that, yes of course it will help improve. We may not feel it by now maybe because it is still in the process of adoptation but in the near future I know that blockchain technology will be used side by side with fiat money it is because some governments see potential most especially with Bitcoin. 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 don't think that bitcoin can became a country's national currency as if it happens then the government wont be able get taxes and run the country , the government wont be able to trace any transactions , the country could became a shadow trade zone where anyone can buy anything , the anonymous nature of bitcoin could be misused and the country would eventually fall down .
to make BTC a national currency the government should get at-least the power to trace transactions .
Monies have to be generally acceptable, portable, divisible into smaller units, durable, limited in supply, and uniform (so that we don’t have to spend time working out whether something really is a dollar, or a pound, or a gold sovereign). It is easy to understand how a commodity such as gold can evolve into money. to make BTC a national currency the government should get at-least the power to trace transactions .
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, i guess so, specially to the third world countries who are so poor, if bitcoin becomes the world currency then perhaps the exchange rate is equal. It would mean a great help to the poor countries because bitcoin could really help the economy and reduced the unemployment rate. Many people are earning more in bitcoin than in their regular job.
If bitcoin becomes the currency of the country, then the economy of the country will be strengthened because online transfer will be profitable and a rein in corruption will take place.
but the problem is with the government because they need to approve bitcoin as a new currency and maybe they will allow bitcoin to works together with fiat. besides that, the country should have a good internet connection for using bitcoin by online because without this, the citizen cannot make a transaction and the economy of the country will not works.
If bitcoin becomes the currency of the country, then the economy of the country will be strengthened because online transfer will be profitable and a rein in corruption will take place.
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?
Maybe, the best for bitcoin is to be the same as it is today. I mean, it does not need to be a real currency to be useful, it already is. So it is best for it to stay as a virtual currency.
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