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Author Topic: First country that drops fiat entirely and uses only crypto?  (Read 1281 times)

Offline troll

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First country that drops fiat entirely and uses only crypto?
« on: December 27, 2017, 10:10:17 PM »
What country do you think would be the first to drops fiat entirely and use only crypto?
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First country that drops fiat entirely and uses only crypto?
« on: December 27, 2017, 10:10:17 PM »

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Offline akmittal

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Re: First country that drops fiat entirely and uses only crypto?
« Reply #1 on: December 30, 2017, 11:04:50 AM »
I think this is not possible for any country to drop fiat currency and use Bitcoin.

Offline akmittal

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Re: First country that drops fiat entirely and uses only crypto?
« Reply #2 on: December 30, 2017, 11:09:25 AM »
I think this is not possible for any country to drop fiat currency and use Bitcoin.[

Offline RoffoSnake

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Re: First country that drops fiat entirely and uses only crypto?
« Reply #3 on: December 30, 2017, 10:13:51 PM »
Not going to happen in our time.

Offline pakcrypto

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Re: First country that drops fiat entirely and uses only crypto?
« Reply #4 on: January 05, 2018, 06:24:11 PM »
Estonia. First country moving towards cryptoeconomy
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Offline mu6m0r0k

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Re: First country that drops fiat entirely and uses only crypto?
« Reply #5 on: January 07, 2018, 02:55:35 PM »
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)         

Offline icedl

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Re: First country that drops fiat entirely and uses only crypto?
« Reply #6 on: January 08, 2018, 01:05:20 PM »
No, I don't think there is any country to to that.

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Re: First country that drops fiat entirely and uses only crypto?
« Reply #6 on: January 08, 2018, 01:05:20 PM »


Offline Bhussainn2

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Re: First country that drops fiat entirely and uses only crypto?
« Reply #7 on: October 23, 2018, 07:20:01 AM »
the world is at the doorstep of the next evolution of currencies
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Offline wokee12

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Re: First country that drops fiat entirely and uses only crypto?
« Reply #8 on: October 23, 2018, 07:23:46 AM »
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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Offline DeKingCrypto

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Re: First country that drops fiat entirely and uses only crypto?
« Reply #9 on: October 23, 2018, 07:40:26 AM »
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.

Offline wildanmr

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Re: First country that drops fiat entirely and uses only crypto?
« Reply #10 on: October 23, 2018, 07:49:27 AM »
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.
« Last Edit: October 23, 2018, 07:52:31 AM by wildanmr »

Offline ipanks

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Re: First country that drops fiat entirely and uses only crypto?
« Reply #11 on: October 23, 2018, 11:46:20 AM »
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.

 

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