As there are few countries that have put BTC as legal tender?
What does this mean for the system?
Does this make BTC more centralized?
Is making BTC legal tender a benefit?
If say all the countries in the world did this? Could BTC be more controlled and centralized?
Or would it stay decentralized?
Is making it Legal Tender just a way to offer acceptance. As a way for the government to seem friendly and let the people have better access to their own financial means?
1. El Salvador, they've had the bitcoin as a legal tender for a while now.
2. When it's become recognized as a legal tender, that means that there's more people that will know about bitcoin and with more people using bitcoin, there's more demands and with more demands, the price will eventually increase even more.
3. It doesn't, when more countries adopt bitcoin as a legal tender and countries can't get all the networks, that means that it's more people from different countries and no way you can centralize nations as one thus staying decentralized.
4. The network will stay decentralized.
5. Could be the case but in my opinion, the reason for this if it ever happens is because the government sees the potential of bitcoin and they want to get in the action and take profits too.