Topic: would you live in a country that use bitcoin as official currency? - page 3. (Read 5273 times)
February 10, 2018, 09:23:17 AM
No doubt, I can live in a country that used bitcoin as official currency and would be a special event in human civilization. This will be the starting line to improve and change their lives in different ways. If this time came? This will be a great opportunity for every body not only with bitcoin users.
February 10, 2018, 08:59:00 AM
Well if bitcoin is used as an official currency, it will be no different than the paper money that we are using now! The transaction fee for every transaction can be treated equivalent to the taxes that we currently pay. In essence things will be same even if bitcoin becomes the official currency of any country. But then again only time can tell what will really happen.
February 10, 2018, 08:45:05 AM
I would maybe consider living in a such country, but only if I am guaranteed not to lose money. I mean that if I get paid in Bitcoin, it should adjust to the price of Bitcoin and the price of everything in shops, markets should be adjusted as such, but that would be really hard to adjust unless a digital system for converting would be used for everything. Maybe it is too much to ask, but that would be my request, otherwise, I wouldnt live there because it would be a too big loss if I convert to cash.
February 10, 2018, 08:22:12 AM
Yes, If i will have a future from it then I will sacrifice. Leaving your country is just a small thing that you will sacrifice in order to have a better life.
Bitcoin will make sure that all things that you made will be paid off and worthy in future; just believe on them.
Bitcoin will make sure that all things that you made will be paid off and worthy in future; just believe on them.
February 07, 2018, 02:02:04 AM
I think more countries may choose to use bitcoin as the second currency because bitcoin is decentralized and anonymous and the government has difficulty controlling Bitcoin. The government needs to regulate the market economy and must control economic transactions. Therefore, I think no country should use bitcoin as its first currency.
February 07, 2018, 01:53:02 AM
Although it may seem as an interesting and enticing idea, living in a country where the official currency is as unstable as bitcoin is not that really fun. Sure it has a high purchasing power. But with bitcoin's volatility we would hardly have a fixed price for items and services we avail. Many businesses would fall down or might not even have a chance to open. Before we dream of bitcoin being a local or international currency, we must first exercise measures to make sure bitcoin would finally reacg a stable state.
February 07, 2018, 01:44:57 AM
By using it as the official currency, does it mean that I will pay my foods, the candies that I buy and buying everyday things? Does it mean that it also has price fluctuations from time to time? For example, when you stroll around the mall with bitcoin = 10k for an hour and proceed to the cashier, the bitcoin price became 8k only. That will be a problem. Well, if that's what you mean, then there are also transaction fees. I think it is better to leave bitcoin as it is.
February 07, 2018, 01:21:35 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%?
This would be the ideal set up for all crypto lovers and the goal of btc. If we would be living in a world where there is no fiat value the our countries currency would no longer lean towards USD's value towards its own value. BTC would be the one to dictate its price and that is good since the price of BTC would be determined by the people and we will no longer succumb to what the banking system wants. Hopefully the day will come that BTC would be the only currency that every country is using. 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%?
February 03, 2018, 10:19:34 AM
I believe it, because it happens (although on a smaller scale) in other countries, I do not see that it is a bad option to do it, bitcoin could have a functionality such as the fiat currency. There are countries that even in use of their fiat currency live in sub-low respect to their official currency and still manage to maintain their economy. Everything is a matter of always recovering quickly from falls.
February 03, 2018, 06:02:45 AM
Yes I will, since I believe the countries who accepts thw bitcoin has a great potential to become successful in life and a bright future as well.
January 19, 2018, 10:50:27 PM
I do not live in a country where bitcoin is used as an official currency. In my country, the government does not accept bitcoin. Bitcoin develops, it affects the benefits to the bank. Even, bitcoin is also prohibited.
Yes, I would really love to live in a country that uses bitcoin as a medium for making transactions to others or stores. Imagine the effect of it when it comes to security. You can shop, buy, and sell products without worrying if you receive a fake or counterfeit cash. In big transactions, you don’t need third party interventions just to make a deal with your clients or costumers.
January 19, 2018, 10:00:23 PM
I do not live in a country where bitcoin is used as an official currency. In my country, the government does not accept bitcoin. Bitcoin develops, it affects the benefits to the bank. Even, bitcoin is also prohibited.
January 19, 2018, 09:43:39 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%?
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%?
For the real world usage, I don't think BTC is good option due to higher transaction fee and execution time.
January 19, 2018, 09:41:33 PM
Yes I will but as of now there's no country that is doing that. Bitcoin still has a way to go to become an official currency but I think that it is slowly getting there. Many big companies now are accepting bitcoin so that is a start.
January 19, 2018, 09:33:50 PM
I think if bitcoin becomes the official currency, it is not effective.
because every time we transaction using bitcoin we will charge for transaction fee ,,
in small and large amounts the same cost. And ofcourse we have to think about the wallet security itself. For right now the wallet system still unsecure.
because every time we transaction using bitcoin we will charge for transaction fee ,,
in small and large amounts the same cost. And ofcourse we have to think about the wallet security itself. For right now the wallet system still unsecure.
January 19, 2018, 09:30:06 PM
If bitcoin is one of the official currencies, i definitely would live there. If there's no other way to pay my bills other than with crypto currency then it would be too strange, even impossible I should say. The most important part is that crypto is not illegal in the country I live in, so it works for me! 
January 19, 2018, 09:27:39 PM
Yeah sure if only the bitcoin transaction in that country doesn't have fee for paying whatever you have to pay in that country,
I mean we do have a local wallet that could sent bitcoin without fee if the bitcoin address is also from their wallet .
I mean we do have a local wallet that could sent bitcoin without fee if the bitcoin address is also from their wallet .
January 19, 2018, 09:12:07 PM
I don't think that will happen, bitcoin as official currency... It can only be secondary currency..
I can't say that because i love my counyry very much so for me eventhough there have a country that uses bitcoin as official currency, i would not leave my country because i can not leave my family and my love ones, and i will just stay and focus on working in bitcoin in my own country January 19, 2018, 09:08:46 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%?
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%?
Not solely for that reason . I wouldn't move to some commie country bc mah BTC. I'd rather BTC stay a store of value to be honest, and use another option for regular purchases.
January 19, 2018, 02:22:51 PM
I don't think that will happen, bitcoin as official currency... It can only be secondary currency..
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