Quote from: Botnake on May 10, 2025, 10:25:00 PM

Quote from: The Cryptovator on March 27, 2025, 09:53:12 PM

I feel Bitcoin won't be only a currency for a country. Because governments don't want to lose the control from their native currency. Bitcoin is uncomfortable; cryptocurrency means no one would have control over that. On the other hand, transaction fees are another prevention. We know a large number of the population don't know about Bitcoin and how it does work. Those who are illiterate can't handle Bitcoin anyway. So we must have physical notes for our daily life. Which isn't possible; we can't imagine what will happen if Bitcoin becomes a currency for a country.

That’s probably the reason why bitcoin until now has not become a country’s currency, except for El Salvador who made it as an official currency. It requires a mass awareness and adoption, and most likely mass education so that all the citizens living in a country will be informed on how to use bitcoin properly. However, if a single country really aims to use bitcoin in their country, it’s actually possible but it takes a lot of preparation prior to that so that the people won’t get confused and stay complaining in the long run.

Once the awareness and adoption increase, people will realize about the use of Bitcoin besides of the investment. But with the fluctuating of the price make the government difficult to make Bitcoin as their main currency. So it is better if the government will not use Bitcoin as official currency but still use their own fiat currency. Yes, it need many things to prepare before Bitcoin can be use as currency while the government need to discuss this with many parties.