Quote from: Out of mind on Today at 02:32:15 PM

Quote from: simonova on November 08, 2023, 11:59:51 AM

What if some country decides to pay pension to working population in bitcoin ? What percent of people will agree to getting pension in bitcoin in your opinion ? What will be the benefits and limitations of this occurrence in long term on people and economy ?

If any country in the world takes this initiative, then I think it would be best from my side. Again, I see many people who will take this plan badly, and they will never accept the fact that payment by Bitcoin. However, if the government of a country takes such a decision by approving Bitcoin, then it is natural that all individuals must accept it and take the initiative to pay pension with Bitcoin. Although Bitcoin is currently being used in many countries around the world and people are buying a lot of Bitcoins, the popularity of Bitcoin is much higher than before. And I think if this initiative is taken in every country, maybe 30%/35% percent people will be able to take it. Because only those people who believe in cryptocurrency will take this initiative and the rest will take it as a negative. However, if a pension is paid by Bitcoin, then surely an individual will benefit if he can hold it successfully for a long time in the future. We know Bitcoin is a store of value and anyone who holds this Bitcoin will surely earn a profit and become financially self-sufficient.

I think 30% to 35% is an very exaggerated number as i don't think even 10% of people would like to receive their pension in Bitcoin. Just imagine those who will be pensioners now would already be in their 60s (taking global average) and most of the Bitcoin users, investors and adopters are in their youth or mid age so it would be alien for pensioners and I am a Bitcoin supporter and it's less volatile than othe crypto and I would say it will only give profit on long term but why would pensioners want to risk their pensions because if it happened to be a bearish market their money will get struck, they will panic sell it and regret and at the age when you have lived most of your life and living last quarter there is no a guarantee of life to wait for market to recover.

It would be unnecessary stress for someone and create anxiety I don't think this is a feasible idea. Maybe down the line after a decade or so when the people of current generation reach that age it would make sense as they know about Bitcoin.