Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: troll on December 27, 2017, 10:10:17 PM
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What country do you think would be the first to drops fiat entirely and use only crypto?
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I think this is not possible for any country to drop fiat currency and use Bitcoin.
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I think this is not possible for any country to drop fiat currency and use Bitcoin.[
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Not going to happen in our time.
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Estonia. First country moving towards cryptoeconomy
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Venezuela with the volatility of their fiat money, I expect to see more people interested and actively investing in crypto. If this reach a critical mass I expect to see people and business making transactions in crypto, simply to avoid exchanges and their commissions between crypto, dollar and the local currency.
The other possibility is technologically orientated nations like South Korea and Japan. Of course the citizens which use and invest in crypto have to reach maybe 20% of the population for us to see business adopting crypto in mass. If this come to transpire I can see the people preferring crypto currencies over fiat currencies. After all I believe that the world is at the doorstep of the next evolution of currencies
barter/salt -> gold/precious metals/precious stones/ -> paper currencies/national bonds (fiat money)-> digital currencies (crypto currencies)
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No, I don't think there is any country to to that.
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the world is at the doorstep of the next evolution of currencies
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No one country do this, impossible that some country trying to drop fiat and change their currency to crypto, its not good
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I don't think any country will drop her currency and start using only crypto. I will only agree that there will be mass adoption and or legalized.
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If there is no policy about international trading payment using cryptocurrency I think there is no country that will drops their fiat currency.
For now, I think there is no country do that although we believe cryptocurrency is one of choise to solving economic crisis.
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What country do you think would be the first to drops fiat entirely and use only crypto?
I don't know about that because I am not the economy analyst and I don't think that there is any country wants to be the first to drops fiat and use crypto unless all country gather and sit down together. Before this is happening, maybe they can give approvals for the crypto to be used as the secondary payment system and if they can see the benefits from the crypto, then maybe they will think to use the crypto as their currency. But I don't think it will happen in a short time.