Topic: would you live in a country that use bitcoin as official currency? - page 23. (Read 5273 times)
September 19, 2017, 12:31:14 PM
I think this will be something very interesting because I will occupy a country that has been using bitcoin as a legitimate transaction tool and will make things easier, but even though I live in a country whose government has not authorized bitcoin as a legitimate currency but that tidah inhibit the business I am because I can use bitcoin as a transaction tool and this does not matter all goes well
September 19, 2017, 12:02:08 PM
would you live in a country that use bitcoin as official currency?
assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
If necessary yes - but it would be preferable to have more stability than that. Living in Euroland it felt like that back during the financial crisis. assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
September 19, 2017, 11:59:38 AM
would you live in a country that use bitcoin as official currency?
assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
If it happens in my country where i presently live then i dont have a choice but to accept it but i don't think its gonna happen. Theres a lot of factors to be considered before it can be. I believe there will be a lot of disadvantages before the advantages. assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
September 19, 2017, 11:32:28 AM
You're right about the volatility. As is stands now, bitcoin could not be reliably used as a national currency. When more people in the world are involved in bitcoin, the price would be significantly more stable.
Bitcoin is strange in terms of privacy- it's fairly anonymous normally, but once your name has been associated with an address, it's easy to track your activity on a personal basis (and that information never goes away). You'd have to associate your name with addresses if you have to pay taxes or interact with the government. Employers would also know your address and potentially what you spend your money on.
if we say all of our data in the use of bitcoin, this certainly will not work correctly, because some of us certainly use anonymous identitites in searching or earning from bitcoins, and this is certain, so even if we are required to link our bios. of course this will not go as expected Bitcoin is strange in terms of privacy- it's fairly anonymous normally, but once your name has been associated with an address, it's easy to track your activity on a personal basis (and that information never goes away). You'd have to associate your name with addresses if you have to pay taxes or interact with the government. Employers would also know your address and potentially what you spend your money on.
September 19, 2017, 11:29:42 AM
would you live in a country that use bitcoin as official currency?
assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
Yes I woulf because bitcoin gas a siper important as important as a money .And if there is any country that used bitcoin as their momey currency I would like to live there and also enhoy my life there assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
September 19, 2017, 11:15:55 AM
Yes of course I would live in a country that use bitcoin as an official currency; it would help me to pay my bills, do groceries and even have some left with my salary to buy things I really need and some for savings. Why not and who wouldn't want that kind of life? I think less would be poor by then if that will really happen in a country, everyone would get to afford things they need daily but just as long as they work hard for it too.
the same i think it ll be more transparent and fast. in our real economy it s really fastidious and slow to pay administrations.. BTC will make things easier. But in other way we won't be abble to see who is behind the wallet .. kind of tricky September 19, 2017, 11:05:00 AM
You're right about the volatility. As is stands now, bitcoin could not be reliably used as a national currency. When more people in the world are involved in bitcoin, the price would be significantly more stable.
Bitcoin is strange in terms of privacy- it's fairly anonymous normally, but once your name has been associated with an address, it's easy to track your activity on a personal basis (and that information never goes away). You'd have to associate your name with addresses if you have to pay taxes or interact with the government. Employers would also know your address and potentially what you spend your money on.
Bitcoin is strange in terms of privacy- it's fairly anonymous normally, but once your name has been associated with an address, it's easy to track your activity on a personal basis (and that information never goes away). You'd have to associate your name with addresses if you have to pay taxes or interact with the government. Employers would also know your address and potentially what you spend your money on.
September 19, 2017, 11:04:48 AM
No, because I think it is less efficient if bitcoin is used in everyday activities eg we just buy a candy and use bitcoin I think it's too complicated. I still love and live in my own country with fiat money that became the main money.
September 19, 2017, 10:37:57 AM
would you live in a country that use bitcoin as official currency?
assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
The price will not be this volatile if bitcoins were more evenly spread between more people. The whales are causing these massive
price fluctuations. They manipulate the price by dumping massive amounts of bitcoins on the exchanges and also buying massive
amounts of coins, when the price dropped. Yes, I will live in a country where I get paid in Bitcoin and where I can spend my coins
in every shop.
September 19, 2017, 10:34:35 AM
I can live comfortable in a country were bitcoin is the official currency be as it may I will ensure that I exchanges my bitcoin to fiat on regular basis to curb or most minimize it's instability, there are times when the prices go upward it will be to our benefit also when the price goes down as being experienced presently then it's to our disadvantage we just have to take and move on.
September 19, 2017, 10:27:14 AM
would you live in a country that use bitcoin as official currency?
assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
Of course yes. This is a great thing to do in the history of bitcoins because a country has fully accepted it. And if the economy of a country is going to be a good one, the nations can also follow it. And of course bitcoins will gradually be recognized worldwide. And this can be the official currency of the world. But before this happens, bitcoins will face many challenges, many conversations. to make it a complete currency of a country
September 19, 2017, 10:26:48 AM
I can live on a country that bitcoin is an official currency only if the value of bitcoin is stable like USD. And if the country really accept is a number one or second means of payment. For now some of our bills and payments can be done by using bitcoin but many establishment doesnt recognize it as a means of currency like here in Philippines.
September 19, 2017, 10:24:24 AM
If you call bitcoin as official currency meaning it is the only accepted currency in that country. I can think this situation may not happen and i dont want to be a citizen of that country yet. As we all know bitcoins price today is very volatile, in just a few minutes the effects are already huge. Therefore making it as the only currency in a country could couse a lot of potential problems. Such as misunderstanding the price of a certain product or services. But if they could make an agreement that price in that country will be fixed for a given peeiod of time then i think it is doable.
if this will be used as a national currency i guess the economy of that country will be also unstable as we seen that fluctuations swing all aroundhow such a country can survive if their national currency depends from the movement of some whales? maybe i wont take this if given a chance
to love in such a like place.
September 19, 2017, 10:20:06 AM
Bitcoin as the only currency that will not work.
It can be used aside a fiat, I think that would would be possible.
There is a reason why the central banks try to keep thier local fiat stable, with a small inflation: to keep the economy running.
A volatile currency as the only currency in a country that will bring only chaos.
It can be used aside a fiat, I think that would would be possible.
There is a reason why the central banks try to keep thier local fiat stable, with a small inflation: to keep the economy running.
A volatile currency as the only currency in a country that will bring only chaos.
September 19, 2017, 10:14:56 AM
If you call bitcoin as official currency meaning it is the only accepted currency in that country. I can think this situation may not happen and i dont want to be a citizen of that country yet. As we all know bitcoins price today is very volatile, in just a few minutes the effects are already huge. Therefore making it as the only currency in a country could couse a lot of potential problems. Such as misunderstanding the price of a certain product or services. But if they could make an agreement that price in that country will be fixed for a given peeiod of time then i think it is doable.
September 19, 2017, 10:08:38 AM
would you live in a country that use bitcoin as official currency? assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
Of course, I would consider migrating to a country where the official and the only means of payment would be Bitcoin. I am sure it would be a big hit if there is one being offered right now. Now, if we can't have a physical country for this maybe the best idea is to have an online country where we can digitally live and prosper...hope that someone would pick up this good idea soon to be called maybe as the Bitcoin Country.
Now, going back to your question...I think the big problem is that we can't have a country like that as many of the governments we have don't want to lose the controls they have been putting up since time immemorial. So it would just remains a big dream for now...but who knows what can happen in the future, right?
September 19, 2017, 09:59:58 AM
would you live in a country that use bitcoin as official currency?
assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
I do not live in a country like that. If suppose as you say, it will also have its good and bad side. The good side is that you can keep a great value for money. The bad side is the price it always changes, so you have to update market information.And mentally prepared for the worst case.assume that you're living there and get paid also in bitcoin. do you think it's possible to live in a country when one day the currency go up or down in 20%?
September 19, 2017, 09:59:15 AM
maybe not, if i move to another country i think i need a adaptaion again for living there and new environment new friends and all new, i think i cant do that because in my country i cant be 100% of "myself", i need to change or set my self first before i move to another country, if i move to another country and i get the bad habit i think i am easily affected with that bad habit
September 19, 2017, 09:52:03 AM
Yes, because our transactions are better and faster. And it's also a great advantage if we get paid for bitcoin, because it can increase and double its value yet. But it will be too late. And we know that many people will stop it especially the government . So let's see we do not know the trend of bitcoin and its future. So we will enjoy what we're getting now with bitcoin
September 19, 2017, 09:48:30 AM
Yes of course I would live in a country that use bitcoin as an official currency; it would help me to pay my bills, do groceries and even have some left with my salary to buy things I really need and some for savings. Why not and who wouldn't want that kind of life? I think less would be poor by then if that will really happen in a country, everyone would get to afford things they need daily but just as long as they work hard for it too.
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