Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin ever be use as other country currency
by
blckhawk
on 12/01/2021, 10:39:51 UTC
Can Bitcoin ever be use as other country currency and it will still maintain it decentralized digital currency?
I think it is impossible for Bitcoin to become the main currency of one country because it oppose the idea of the centralized government. They could use it as an alternative currency though but mainly use it, no it would mess up the current monetary system. Besides, the transaction speed and fees would also matter or could be a problem upon using Bitcoin as a country currency. Bitcoin was decentralized, meaning everyone has no control over it and the government won't allow these things to fully operate without them managing it.