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Author Topic: Will it be possible for Bitcoin to be like other national currency?  (Read 5502 times)

Offline Review

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Re: Will it be possible for Bitcoin to be like other national currency?
« Reply #30 on: February 18, 2022, 06:54:14 PM »
Without any doubt this is possible mate. Even there is many country right now in this world now legalized BITCOIN as their payment method. In fact, we called it legal tender world wide. Even Russian government now with the btc adoption and they have accept it. But yah sooner or later , Digital currency will be used over world wide and we may see btc adoption every where soon.
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Re: Will it be possible for Bitcoin to be like other national currency?
« Reply #30 on: February 18, 2022, 06:54:14 PM »

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Offline sampoerna

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Re: Will it be possible for Bitcoin to be like other national currency?
« Reply #31 on: February 18, 2022, 11:56:26 PM »
In some countries, we have seen that Bitcoin is legal as a legal tender as a currency to be used as fiat in the country. Although it is still debatable, they are legal.
But in some countries, it may be difficult to be done because of some reasons. One of them is because of complexity of crypto itself that is decentralized and government cannot control it.

Offline Lanirex

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Re: Will it be possible for Bitcoin to be like other national currency?
« Reply #32 on: February 19, 2022, 11:34:52 PM »
Bitcoin will become the currency of the world, but in digital form unlike fiat currency, dollars, euros, yen or others. And this is already in use at this time, there have been many transactions in the world that use Bitcoin.

Offline rizqillah

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Re: Will it be possible for Bitcoin to be like other national currency?
« Reply #33 on: February 20, 2022, 02:40:59 AM »
Bitcoin will become the currency of the world, but in digital form unlike fiat currency, dollars, euros, yen or others. And this is already in use at this time, there have been many transactions in the world that use Bitcoin.

Agree with this, bitcoin will be global currency but unlike fiat currency.
Bitcoin will be payment method , but in digital transaction.
Bitcoin is decentralized platform, It's difference to fiat money or national currency.
Fiat money is centralized system that can be controlled by the government.
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Re: Will it be possible for Bitcoin to be like other national currency?
« Reply #34 on: February 20, 2022, 06:53:13 AM »
Without any doubt this is possible mate. Even there is many country right now in this world now legalized BITCOIN as their payment method. In fact, we called it legal tender world wide. Even Russian government now with the btc adoption and they have accept it. But yah sooner or later , Digital currency will be used over world wide and we may see btc adoption every where soon.

Digital era will come and I believe anything will be crypto.
As you said about Russia and other, such India has legalized bitcoin and want to take the taxes from bitcoin and crypto transaction.
I think It's good to develop countries from crypto income.
Hopefully many countries will allow and accept bitcoin and altcoin too.

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Re: Will it be possible for Bitcoin to be like other national currency?
« Reply #35 on: February 20, 2022, 01:45:40 PM »
Bitcoin digital currency has been used by many people to make transactions between countries, but because this is a digital currency, of course, it will be different from fiat. 
In reality, there are still many people who do not know what Bitcoin is. Maybe with time, Bitcoin will be used by more people even by many countries in this world.

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Re: Will it be possible for Bitcoin to be like other national currency?
« Reply #36 on: February 20, 2022, 11:02:10 PM »
It has possibilities. But it is small enough. For a country that actually accepts Bitcoin as a legal tender, they can use Bitcoin as a currency as well. And they may have a problem but they can utilize it.
But, it is also difficult because many countries still don't allow Bitcoin as a curency, only as asset for trading or investing.

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Re: Will it be possible for Bitcoin to be like other national currency?
« Reply #36 on: February 20, 2022, 11:02:10 PM »


Offline Seerge

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Re: Will it be possible for Bitcoin to be like other national currency?
« Reply #37 on: February 21, 2022, 05:28:31 PM »
Everyone has a different view on this one, many people are optimistic that it can and not a few say that Bitcoin only wins as an investment tool and not for currency. If I personally agree and believe that Bitcoin will be able to become a world currency that will be used globally, we'll see later because all this is just a matter of time.

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Re: Will it be possible for Bitcoin to be like other national currency?
« Reply #38 on: February 22, 2022, 05:29:20 AM »
Every country has a currency and Bitcoin can be used as a legal payment if every country that accepts Bitcoin makes rules and laws for the legality of payments in their country.
Everyone can own Bitcoin, because that is the purpose of satoshi, and in some countries, Bitcoin ownership is not prohibited, but there are some countries that use Bitcoin for payments such as in coffee shops like Starbucks https://www.foodandwine.com/news/starbucks-bitcoin-frequent-flyer-miles-payment-gift-cards

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Re: Will it be possible for Bitcoin to be like other national currency?
« Reply #39 on: February 23, 2022, 09:19:35 AM »
Everyone has a different view on this one, many people are optimistic that it can and not a few say that Bitcoin only wins as an investment tool and not for currency. If I personally agree and believe that Bitcoin will be able to become a world currency that will be used globally, we'll see later because all this is just a matter of time.

Me too, I also believe bitcoin will be the world currency because bitcoin is so popular now.
Bitcoin has potential to be world currency.
But it also depends on the government rule, If the government has good consideration to allow bitcoin and crypto, I think bitcoin  and crypto will be payment method, and global currency.
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Re: Will it be possible for Bitcoin to be like other national currency?
« Reply #40 on: February 23, 2022, 02:17:11 PM »
Bitcoin has a very unique and good image, Bitcoin is a digital asset and not a currency, in other words Bitcoin will not be a currency or legal medium of exchange in the country but Bitcoin will only be a digital asset as a tool or object in the country. exchange market.
For the country of El Salvador, which has adopted Bitcoin as a state asset, even the President does not dare to make Bitcoin a currency, and in El Salvador, Bitcoin is a digital asset.
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Re: Will it be possible for Bitcoin to be like other national currency?
« Reply #41 on: February 23, 2022, 04:09:21 PM »
Every country has a currency and Bitcoin can be used as a legal payment if every country that accepts Bitcoin makes rules and laws for the legality of payments in their country.
Everyone can own Bitcoin, because that is the purpose of satoshi, and in some countries, Bitcoin ownership is not prohibited, but there are some countries that use Bitcoin for payments such as in coffee shops like Starbucks https://www.foodandwine.com/news/starbucks-bitcoin-frequent-flyer-miles-payment-gift-cards
You are right, in fact, in my country there are many stores where BTC is beginning to be accepted, such as Traki Stores, which in addition to accepting BTC also accepts USDT, TRX, this is thanks to the great adoption that is taking place little by little, which More curious is that the government does not have any type of repercussion, I do not know if they have made any prior permission or something like that, but I do understand that they are not only accepting BTC there but in other stores but in a stealthy or discreet way.
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Re: Will it be possible for Bitcoin to be like other national currency?
« Reply #42 on: June 11, 2022, 03:38:56 PM »
We see Bitcoin as the world leading currency in the crypto community, looking at it's high value and popularity will it be possible for Bitcoin to become one of the world currency. Like will it be possible for Bitcoin to be seen, felt, owned and even carried around like the US dollar or any other national currency.
I wish this can be possible, what do you think?
I don't think bitcoin needs to take physical form. A decentralized cryptocurrency is not designed for this, and if it does, which in principle, it is possible that it will lose many of its advantages and become vulnerable.
A few years ago I heard that one of the commercial firms issued physical cards that could be exchanged for 0.001, 0.005 and 0.01 bitcoins. Apparently, this innovation did not find support, because several ways of probable fraud are added here.

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Re: Will it be possible for Bitcoin to be like other national currency?
« Reply #43 on: June 11, 2022, 04:00:09 PM »
We see Bitcoin as the world leading currency in the crypto community, looking at it's high value and popularity will it be possible for Bitcoin to become one of the world currency. Like will it be possible for Bitcoin to be seen, felt, owned and even carried around like the US dollar or any other national currency.
I wish this can be possible, what do you think?

I think It won't be , I agree with this opinions.
Bitcoin will never be like other national currency because bitcoin is unstable.
We know about decentralized, Teh government cannot control bitcoin.

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Re: Will it be possible for Bitcoin to be like other national currency?
« Reply #44 on: June 11, 2022, 09:26:13 PM »
We see Bitcoin as the world leading currency in the crypto community, looking at it's high value and popularity will it be possible for Bitcoin to become one of the world currency. Like will it be possible for Bitcoin to be seen, felt, owned and even carried around like the US dollar or any other national currency.
I wish this can be possible, what do you think?

I think It won't be , I agree with this opinions.
Bitcoin will never be like other national currency because bitcoin is unstable.
We know about decentralized, Teh government cannot control bitcoin.
Of course, bitcoin cannot be similar to the national currency of any state. A decentralized cryptocurrency has completely different principles of circulation that cannot be accepted by states, and therefore the cryptocurrency has no chance to displace fiat. Therefore it will never happen. Cryptocurrency can and should retain its principles of decentralization, but at the same time it will be a completely separate financial asset that will occupy its niche in the global financial system.
« Last Edit: June 11, 2022, 09:29:05 PM by Senin »

 

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