Quote from: Wysi on November 05, 2019, 06:42:05 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.

I think a county cannot rely on bitcoin completely due to its volatile nature hence it would be a complete mess up because even to pay a simple bill or purchase it you pay an amount by the time the vendor receives it the value will be increased or decreased. If we have a stable version of bitcoin I mean Bitcoin's stable coin then it work smoothly and this is possible only if a new country is craved out.

Bitcoin is a good asset and good technology that we could use it what it is. Bitcoin is a digital currency or as digital money, we could use to buy things that we ways it is just like a modern type of fiat money that we have today. In my opinion bitcoin have a great effect in our economic growth in our society as we use it as an asset a lot of company also using it as a good source of income also a lot of investors was investing in bitcoin. The economy cannot rely on bitcoin. If the bitcoin was completely implemented maybe the easy way to have an transaction anywhere all over the world.