Bitcoin becoming the currency of a country.

[Domithra]

This is an inevitable event that is bound to happen. As humanity emerges into a more technological world, the status of monetary affairs shift to cashless and this is spearheaded by Bitcoin. Some countries like South Korea has taken a lead in the legalization of Bitcoin as a currency and with time several countries will follow. The presence of Bitcoin in a country brings both financial satisfaction and job opportunities thereby enhancing the economy of the country.

[Stormyblue]

This will be a great strategy for the country considering the fact that more jobs will be created and people who will convert their money to Bitcoin will continuously experience increase in amounts as a result of increase in the prices of Bitcoin unlike the low rates of interest seen with the banks.

[Alcor]

However, I do not think that South Korea is going to introduce bitcoin or other crypto currency as the main type of currency, that is, instead of circulating its paper money. I think that any decentralized crypto currency can go in any state only as an additional currency. As the main currency, bitcoin or other high-volatility crypto currency can quickly disregard the economy of any state.

[aiviaa485]

I don't reject it, but Bitcoin can't be used as a country's currency.
because the country already has its own currency.

unless you establish a new country with Bitcoin currency. LOL

[de_prof]

I don't reject it, but Bitcoin can't be used as a country's currency.
because the country already has its own currency.

unless you establish a new country with Bitcoin currency. LOL

I agree mate, I think It is impossible. Every country has own currency. Bitcoin also high volatile.

[Munareal]

Bitcoin can not become the currency of a country because of it volatility. A country will not want to have a currency that itsvalue is unstable and unpredictable. The world is not ready for total acceptance of virtual currencies we till need the fiat currency

[Alcor]

This is an inevitable event that is bound to happen. As humanity emerges into a more technological world, the status of monetary affairs shift to cashless and this is spearheaded by Bitcoin. Some countries like South Korea has taken a lead in the legalization of Bitcoin as a currency and with time several countries will follow. The presence of Bitcoin in a country brings both financial satisfaction and job opportunities thereby enhancing the economy of the country.

The currency of a single country can not be bitcoin in principle. No state will commit such stupidity and does not recognize it as its main currency. Such an act would quickly destroy the economy of this country. Bitcoin and other crypto currency are only able to walk in parallel with the national paper money of the state, and no more.
South Korea, as far as I know, recognized bitcoin as an asset, and not as a means of payment. As a means of payment, that is, as money, bitcoin is recognized in Japan, Germany, the European Union is also considering the possibility of recognizing crypto currency as a means of payment.