Should countries accept BTC as means of payment?

[omori]

Similar to what others said, I'm not a big fan of Bitcoin becoming a legal tender, meaning merchants being forced to accept bitcoins even if they don't want to. In some jurisdictions this wouldn't be much of an issue, i.e. where legal tender only exists in relation to settlements of debt, so when there's no debt involved, merchants are free to accept/not-accept any type of payments - but I'd still prefer Bitcoin to be 100% voluntary and not forced on anyone.

I don't oppose the concept of countries/states having strategic Bitcoin reserve. I think that's reasonable if it's not out of proportions.

I agree, it shouldn't be enforced.

Volanturary inclusion into the means of payment - sure thing, great way for some to implement BTC in their day-to-go operations, but as "implement and there is no other way around" - that's not what BTC is about.

[snowpega]

I can't imagine if every country in the world bought Bitcoin for reserves, the price of Bitcoin would definitely skyrocket. But if you look at the development of Bitcoin from the beginning until now, there are still many debates that maybe that won't happen. There will definitely be countries that support Bitcoin, and vice versa.

Mate, things take time, and in my opinion, those countries that are not supporting Bitcoin today will also start to support it comming tomorrow! Things change over time, points of view change over time, and indeed every country's POV will change about Bitcoin power in the future when they will observe its power. There is a famous saying in the coding world that there is always a loophole in every system, and indeed, for now, there may also be some minor gaps here as well, that may fill over time.

So in short, mate, there is no big deal about bitcoin for now; you will also see the changing developments you want, hopefully! Because we should at least hope for the best! What do you think, dear?

[MUGNIA]

Do you think every country should have a Bitcoin reserve?

Yes, it can or can't, in my opinion it depends on the level of readiness of the country that will use BTC as their financial reserve, although I am not an economic expert, but if you look at the unstable price of bitcoin, then for poor countries I don't think it will have an impact
and for payment instruments I don't think it is necessary where btc is only an alternative, not the main one, where fiat is better than bitcoin if it is for payment because fiat is the typical currency of each country

[Promocodeudo]

Over the year so many countries are against BTC which is not a good thing, Bitcoin suppose to be go against every bank and government policy.

If we take a look at countries that has accept BTC like El Salvador president started purchasing BTC for about 4 years now and currently they're the first Bitcoin nation has paid all their debts and also growing the country economy, if other countries could do this it would be helpful for every country, good this Trump is thinking of having a BITCOIN reserve let's see how that plays for them and the crypto space.

Do you think every country should have a Bitcoin reserve?

Yea it is a good thing for countries to do but you know what, not all country leaders reason think the same, the financial gains plan and gains made by some countries depends on how intelligent and financially included their leaders and economic team are, ordinarily citizens of many countries are ready to embrace new things in form of assets or store of wealth but the problem they have been encountering is the government policies which has been a set back, as for El Salvador, I think their president saw an opportunity in Bitcoin and embraced it when other countries saw it am a threat to their financial system because of reason best known to them, today we can see what El Salvador has achieved with this decision of their president, am happy that trump is a man that understands what digital asset is, his decision towards cryptocurrency (Bitcoin) may reshape the entire crypto space as time goes by.

[Vx1]

I can't imagine if every country in the world bought Bitcoin for reserves, the price of Bitcoin would definitely skyrocket. But if you look at the development of Bitcoin from the beginning until now, there are still many debates that maybe that won't happen. There will definitely be countries that support Bitcoin, and vice versa.

Sure, if there are many countries which already decide to have Bitcoin reserves, it will trigger the price of Bitcoin to increase very significantly. Since US have decided to have crypto reserves, I think it is not impossible that most countries in the world to have their Bitcoin reserves. Bitcoin has developed much now, its adoption is getting bigger. I'm quite optimistic with Bitcoin future, it will be more expensive in the future.

If this happens of course we will be very lucky, because we already know and have Bitcoin earlier than most people later. If many countries accept Bitcoin, of course this will be very hype and many new people will come in and invest in Bitcoin.

[doc]

Do you think every country should have a Bitcoin reserve?

Yes, it can or can't, in my opinion it depends on the level of readiness of the country that will use BTC as their financial reserve, although I am not an economic expert, but if you look at the unstable price of bitcoin, then for poor countries I don't think it will have an impact
and for payment instruments I don't think it is necessary where btc is only an alternative, not the main one, where fiat is better than bitcoin if it is for payment because fiat is the typical currency of each country

because the price of bitcoin is still fluctuating, it seems that bitcoin is not yet suitable to be a means of payment. but bitcoin is already suitable as an investment and possibly as a strategic reserve fund.
I agree that every country accepts bitcoin as an investment, because with the increasing popularity of bitcoin it can become a payment method in the future.

[KingsDen]

Over the year so many countries are against BTC which is not a good thing, Bitcoin suppose to be go against every bank and government policy.

Bitcoin was not created to go against the government and banks, rather it was created to serve as an alternative to fiat. So, it is at the court of the government to allow bitcoin co-exist with fiat just like the El Salvador you cited below.

If we take a look at countries that has accept BTC like El Salvador president started purchasing BTC for about 4 years now and currently they're the first Bitcoin nation has paid all their debts and also growing the country economy, if other countries could do this it would be helpful for every country, good this Trump is thinking of having a BITCOIN reserve let's see how that plays for them and the crypto space.

Do you think every country should have a Bitcoin reserve?

As hugeblack noted above, I think it is more beneficial to the bitcoin if countries hold it as a national reserve instead of approving it as a legal tender.

[Makus]

Over the year so many countries are against BTC which is not a good thing, Bitcoin suppose to be go against every bank and government policy.

Bitcoin was not created to go against the government and banks, rather it was created to serve as an alternative to fiat. So, it is at the court of the government to allow bitcoin co-exist with fiat just like the El Salvador you cited below.

If we take a look at countries that has accept BTC like El Salvador president started purchasing BTC for about 4 years now and currently they're the first Bitcoin nation has paid all their debts and also growing the country economy, if other countries could do this it would be helpful for every country, good this Trump is thinking of having a BITCOIN reserve let's see how that plays for them and the crypto space.

Do you think every country should have a Bitcoin reserve?

As hugeblack noted above, I think it is more beneficial to the bitcoin if countries hold it as a national reserve instead of approving it as a legal tender.

Yeah bitcoin was created with the aim of serving as an alternative but most government still see bitcoin as a threat to their economy, but how true is that? Personally u believe the only reason some government had not accepted bitcoin in their country, is because they think they are actually  saving their citizens from a volatile market which may lead to loses but in actual sense they are only depriving their citizens  from an innovative technology that could change their lifes. As far as I know, bitcoin is not a threat to any country's economy  but rather a savior to holding your funds in depreciating economy in times of inflation.

[KingsDen]

Yeah bitcoin was created with the aim of serving as an alternative but most government still see bitcoin as a threat to their economy, but how true is that? Personally u believe the only reason some government had not accepted bitcoin in their country, is because they think they are actually  saving their citizens from a volatile market which may lead to loses but in actual sense they are only depriving their citizens  from an innovative technology that could change their lifes. As far as I know, bitcoin is not a threat to any country's economy  but rather a savior to holding your funds in depreciating economy in times of inflation.

Hello mate!
Your government do not care so much about you, they do not wish that you become so much rich that you don't depend on them anymore. Wake up from your slumber, they will tell you that they want to protect you from Bitcoin volatility, that's fallacy
They simply want you to keep using the fiat such that they will be able to tax you to the last dime. They want you to be at their mercy such that whenever inflation comes they print more fiat for themselves and you will be the one to suffer the repercussions. Government of some countries just started welcoming bitcoin since they understood that day bitcoin network is so transparent that they can trace or transaction and the people could hardly avoid tax. This is why they are now clamping so hard on decentralized exchanges and the mixers because these are the routes we could use to avoid them. Be wise!

[Alone055]

Hello mate!
Your government do not care so much about you, they do not wish that you become so much rich that you don't depend on them anymore. Wake up from your slumber, they will tell you that they want to protect you from Bitcoin volatility, that's fallacy
They simply want you to keep using the fiat such that they will be able to tax you to the last dime. They want you to be at their mercy such that whenever inflation comes they print more fiat for themselves and you will be the one to suffer the repercussions. Government of some countries just started welcoming bitcoin since they understood that day bitcoin network is so transparent that they can trace or transaction and the people could hardly avoid tax. This is why they are now clamping so hard on decentralized exchanges and the mixers because these are the routes we could use to avoid them. Be wise!

Lol, so accurate, and it's not only about taxes but they want to have control over people's finances and financial transactions because with traditional financial systems, they can easily do that since they know everything as you use their banks, payment apps, and everything requires KYC from you, so they know it's you and how much money you have, how you spend it, and how much you receive, etc.

With Bitcoin and cryptocurrencies, this thing isn't possible because people can easily bypass this my using non-custodial wallets to store their assets and as long as they are not using KYCed services, the government wouldn't be able to identify whose wallet it is because it wouldn't have any traces or identification.

So, they don't want to lose control is the basic reason why they are always against Bitcoin and cryptocurrencies.

[Mate2237]

You can't say it is not a good thing because accepting bitcoin is a choice and not a compulsory to do. But adopting bitcoin a country to buy things and pay for services is the main reason to f Satoshi Nakamoto creation of bitcoin but we have converted it to purchase it and hodle it foe years to come.

Id bitcoin was use to buy things and pay for services then the cost of it wouldn't be as this high and the circulation would have been good.

[KingsDen]

Hello mate!
Your government do not care so much about you, they do not wish that you become so much rich that you don't depend on them anymore. Wake up from your slumber, they will tell you that they want to protect you from Bitcoin volatility, that's fallacy
They simply want you to keep using the fiat such that they will be able to tax you to the last dime. They want you to be at their mercy such that whenever inflation comes they print more fiat for themselves and you will be the one to suffer the repercussions. Government of some countries just started welcoming bitcoin since they understood that day bitcoin network is so transparent that they can trace or transaction and the people could hardly avoid tax. This is why they are now clamping so hard on decentralized exchanges and the mixers because these are the routes we could use to avoid them. Be wise!

Lol, so accurate, and it's not only about taxes but they want to have control over people's finances and financial transactions because with traditional financial systems, they can easily do that since they know everything as you use their banks, payment apps, and everything requires KYC from you, so they know it's you and how much money you have, how you spend it, and how much you receive, etc.

With Bitcoin and cryptocurrencies, this thing isn't possible because people can easily bypass this my using non-custodial wallets to store their assets and as long as they are not using KYCed services, the government wouldn't be able to identify whose wallet it is because it wouldn't have any traces or identification.

So, they don't want to lose control is the basic reason why they are always against Bitcoin and cryptocurrencies.

I wonder why people are yet to realise the truth;
I wonder why people think the government care about them so much;
It is you Vs the world (government inclusive).

[UNIVERSE]

If this happens of course we will be very lucky, because we already know and have Bitcoin earlier than most people later. If many countries accept Bitcoin, of course this will be very hype and many new people will come in and invest in Bitcoin.

US already has Bitcoin reserve and many countries already accept Bitcoin, but now the price of Bitcoin is declining a lot. Sometimes, we can't expect much for the Bitcoin price increase because there are too many factors that influence the price. I don't hear any FUDs but Bitcoin price still decreases significantly. Even, we are in the bullrun season but Bitcoin chart looks like a bearish season. There is no hype anymore, bro. We see the red market and people feel afraid now.

[omori]

I wonder why people are yet to realise the truth;
I wonder why people think the government care about them so much;
It is you Vs the world (government inclusive).

When most would be betrayed by the govs at one point, probably.

[bayu7adi]

Over the year so many countries are against BTC which is not a good thing, Bitcoin suppose to be go against every bank and government policy.

Bitcoin was not created to go against the government and banks, rather it was created to serve as an alternative to fiat. So, it is at the court of the government to allow bitcoin co-exist with fiat just like the El Salvador you cited below.

It is precisely this alternative role that may make governments and banks feel threatened... we can see that Bitcoin has many differences compared to FIAT, and who doesn't feel challenged, seeing the development of Bitcoin and other cryptocurrencies become very rapid like this...
Yes, although Bitcoin does not aim to overthrow banks, banks feel that there is a threat coming when Bitcoin and cryptocurrencies grow... don't you think so?