Topic: Which country looses the most when Bitcoin becomes the Currency of Planet Earth - page 2. (Read 4588 times)

The countries that have banned Bitcoin will lose out the most. Their people will still be using fiat while the rest of the world is using Bitcoin. I think those countries will slowly start using Bitcoin because their people will want to use it.

Bitcoin will not replace fiat. He is saying it hypothetically.

Countries are geographic areas and don't care about what primates pass between themselves to organize society.  None are affected.

As to the primates themselves living in these countries, they will OF COURSE be vastly better off to have a powerful tool to use such as uncounterfeitable tokens, were they to need them. 

Any other questions? 

Bitcoin will not replace Fiat currencies soon. Even if that happens the countries which accept Bitcoin will gain benefits and those ban Bitcoin will lose further the value of its own currency. Bitcoin will not fall until there are people interested in it.

I think that no losses will be for every country. To be only bitcoin money of the world and to disappear all the national currencies is totally impossible. First of all because bitcoin is in a limited amount and unable to cover all the needs for money for all the countries. Then for hundred reasons: political and economical firstly.

So the only way to be currency of the world it is to be known and regulated by every country and to be used in addition with the currencies of every country. In this case no one can lose nothing. The change of bitcoin with the national currencies (if already don't exist) will be only a determination of the value of the currency of the given country with bitcoin. Made according to the normal rules used in this cases. Made like is made the determination of the change between us dollar and euro in the year when euro were created. Maybe a little different and to be thought how because bitcoin is not a normal currency. It is not have behind his some economy or power or country which can support it. But loss will not be whatever were be the rules. Because no one can win. Behind bitcoin is no one. So if it will be no one there is be no one which can win (always if it will be something to win).

Then we come to the way in which bitcoin can be made currency of the world. If you have the patience and the desire to read something about this then I invite you te read this thread here when it is exposed an "insane" idea about this: https://bitcointalksearch.org/topic/bitcoin-as-currency-of-currencies-1191118

Naturally the comments are welcomed. 

Good point. I don't think bitcoin can become a world wide currency ,  there is like 0.1 percent that is gonna happen unless all 192 countries adopt the system of BTS. BUT even if it would be , then I think the country with the most restrictions and banning and is very small'minded  and not open towards bitcoin will suffer the most in the situation.

If Bitcoin becomes the universal currency , well this discussion can have diversified aspects. The states would have to drop their currency ,in order to unite with the other ones. And i don't see the possibility of this in near future. However if this happens ever, countries with low development rate and bad internet infrastructure will suffer . The developed ones will the enjoy the benefits.

well it does not need to accomodate every single person of the planet, from my point of view, reaching 1B of acceptance among humans is considered mainstream already

in those countries people don't even have proper basic resources and you are saying that they can build towers or phone communication just to use internet.
Hmm... Bitcoin will take a very very long time to become the currency of the world.

third world is not counted, and anyway can be circumnavigated pretty easily with google satellite for recieving internet connection

not an excuse at all, those country need money more than anything else, but i'm sure they can at least build phone communication, and thus using bitcoin

No the bitcoin cannot be the currency of the world.
See there are many countries around the world where the bas4c facility of internet is not availaible.

Any Currency is only a way of represent a lot of things, so it is not a absolute value,however it could bring benefits to smallest countries  if they decided invest on it..........

i dont think bitcoin to become a currency of earth. but if it does i think u.s will be loosing most because u.s has been regulating almost everything with the use of their currency dollar, but when bitcoin will be accepted worldwide, it will not have control over bitcoin as it is decentralized. if this happens the frequency of illegal work will shoot up

This is a good, interesting question!  I like original ideas that aren't just repeat over and over again on this forum. 

I don't think it will break the bank of any specific country.  Maybe third world countries that many know about bitcoin and have weak currencies so they have chosen to trade with bitcoin?  That would be my guess.

Countries against the Bitcoins (banning them, restricting them etc.) will face some goood losses as they do not know the potential behind bitcoin and the wonders it could do, let alone ban them because their centralized currency wouldn't get much attention since then and they cannot track us all the time. Those which support bitcoins will reap the benefits and they deserve it! Quite obvious.

I think if major adoption takes place, a currency can become the currency of planet earth. If things go as the same rate as they are for bitcoin, we might experience an economic evolution and it might change things for better. GO BITCOIN!

It is highly unlikely for this situation to take place. Nevertheless, if bitcoin does become the currency of the whole world, the country with less educated, less open minded people and those  with a poor or non-existing Internet infrastructure would be excluded from the global financial markets.

It is complicated because BTC is on hands of peoples don´t of goverments of any country until now, but it could change in future, if countries buy gold why dont could will buy BTC? or otherwise goverments could launch his own blockchains based system and leave out of game at BTC.Anyway all
peoples like you and me must only hold BTC even case that it goes to the moon, because it goes the moon goverments or bankers will buy all BTC availables at these moments to have control about this in future.

That's a great question. Although I think the real question here is that which country/countries  will be gaining the most IF Bitcoin becomes the Currency of Earth. It is quite unlikely that Bitcoin will be the currencies of all the countries unless in the future people become more open minded and accept it. But those who will restrict it will obviously lose the most.

No, I think every country loses something and gains something. Its similar to a war. A few people gain a couple things and lose a couple things. The sale of defense mechanics and machines experiences a lot of trade, just like how the economy sees a lot of trade. A few business and trades collapse and a few emerge stronger than ever, just like countries who are in war.

I believe no country going to loose any thing because bitcoin is not going to coming Currency of planet in next few centuries