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 for people and economy?
Firstly the pension belongs to the government sector mostly, some private companies also do but mostly the government gives this to their retired employees. I didn't think that the government would take this kind of initiative because the government wants centralization and Bitcoin is decentralized, Let's say if the government applies this method then what do the employees do, Will they accept it, no never because they do not know about Bitcoin they only know the fiat currency then how they will trust such a new currency. But maybe they will accept this if the government orders them as they are the government servant and they are obeying to order. This will be a greater initiative and will be more beneficial for retired persons.
This is hard to implement as we are talking about government initiatives.
As much as possible, they would stick to their fiat. Some may offer, but the possibility here is just small percentage in btc.
I don't think they will go for 100% pension in btc. And besides, not all these pensioners would want to get their share in btc.
Most of them would like a secure payment method, which is in fiat. But we can't totally discard the idea for futuristic goals.