Quote from: Wintersoldier on November 05, 2019, 07:17:38 AM

Quote from: bounceback on November 05, 2019, 04:06:53 AM

Quote from: Qunner on November 05, 2019, 01:16:57 AM

Just as the title states. How do you guys think a country with its only economy being BTC look like? Would it look like how western countries are of today, some Cyberpunk future, or maybe just completely mess up? Honestly, I think it'd look something like the current state of western countries, as if the only currency allowed is BTC, then in theory it should always balance out and be flexible.

it is very unlikely that in a country they only use bitcoin for the economy would certainly be a problem for children who have not been able to learn about bitcoin of course they cannot use bitcoin to buy snacks and it might also be uncomfortable for some of them if they want dealing with bitcoin because you have to always use cellular data.

In such a case like this, it will be a necessity to educated the children about the future payment system that they will eventually use. It is quite not that easy in the beginning, but if we became used to it, it will not be hard. I am waiting for the invention of an RFID system that will store cryptocurrency such as bitcoin. In such a way that we will not need to worry about spending too much time just for a single daily transaction that we need to execute.

There will probably an app that will exist about easier for kids to make transactions using the centralized coin backed by government while BTC will function like gold reserves today. Or if BTC is really going to be used by individuals just like a country making transactions to another country, we will probably count prices by satoshis. If I have to buy snacks, will use my phone and scan how much satoshis will I send.