Quote from: Dave1 on August 31, 2021, 03:28:28 AM

Quote from: jamietao on August 31, 2021, 02:28:48 AM

What would happen if someone, lets say Bob. Goes out and says "We got a problem. Previous governments have been doing too much QE. Inflation is going wild. We will now adopt Bitcoin as legal tender."

Would Bob get elected? Or would majority of people not like Bob?

I don't think that bitcoin will tip the tide for any presidential candidate, yeah good that one of his platform is to adopt legal tender. But there could be some opposition against it in the US. So not a sure fire platform for anyone. So 50/50, others might like it, and others don't. And US being a superpower, I doubt that they are going to adopt bitcoin as legal tender, for them dollar is still the world currency.

Valid point. Not everyone likes and is knowledgeable enough about crypto. There are many people who are, as a matter of fact, loathes its existence. Hence, using this as a platform will not really guarantee a vote from the citizens because there is always an opposition that always try to bring platforms and projects down the moment they learned about it because they think it is not beneficial and just harmful. In addition, dollar is still the leading currency among every currency. It is still the global reserve asset. It is backed by the government and the central organizations. Surely, they won't just allow bitcoin to take over that instant. Given that bitcoin's nature is volatile and decentralized. I really don't think they would do such move that can compromise their very own currency.