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What will happen if some country starts paying all salaries in bitcoins ?

Discussion in 'CryptoCurrency' started by onlinemarketer12, May 23, 2020 at 7:00 AM.

  1. small_town_boy

    small_town_boy Power Member

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    What will happen if grandma grows wheels?
     
  2. TomTheCat

    TomTheCat Power Member

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    She will be called Gangsta Granny
     
  3. Razen666

    Razen666 Jr. VIP Jr. VIP

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    As thevigilante said we don't have that many btc for this world
     
  4. Mission IMpossible

    Mission IMpossible Junior Member

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    No government is going to use something that they cannot control, especially a national currency.
     
  5. theRevolt

    theRevolt Jr. VIP Jr. VIP

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    Lol, never gonna happen. Won't even go into the details it is just too obvious...and no, just because the Marshall Islands started their own crypto does not mean this will apply to countries using $, Euro etc...
    Just one point: Can they control crypto in the same way they can their own currency? The answer should tell you why this will never happen.
     
  6. xbryan

    xbryan Jr. VIP Jr. VIP

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    Bitcoins? No, it's not possible.

    The mining fee alone is going to eat up all their salary, especially if their salary is not that much in the first place.

    We may be going into digital currencies in the future. However, it's not going to be bitcoin, that's for sure.

    Other than the fee, there is also the volatility. You could be paid $100, and it could be $10 the next day. It does not make any sense to use it as a day to day currency.

    But of course, i might be wrong, but this is my opinion at this time.
     
  7. kgf

    kgf Junior Member

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    This is not possible! If it happens then it will be a huge impact
     
  8. Scorpion Ghost

    Scorpion Ghost Jr. VIP Jr. VIP

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    Um, i dont know, maybe america will bomb them back into the stone age... in order to bring peace and democracy to the country in question :)
     
  9. onlinemarketer12

    onlinemarketer12 Elite Member

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    Most of the things associated with crypto was impossible only in the beginning . If someone told that price of bit coin will grow 10000 times, it also sounded impossible but happened.
     
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  10. germartinez

    germartinez Newbie

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    Can you pay for food with bitcoin? How many establishments offer payment with Bitcoin?
     
  11. TheCryptoWhale

    TheCryptoWhale Registered Member

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  12. cheesewiz1234

    cheesewiz1234 Newbie

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    That would be a great! it will be cashless! Much much easier, all you need is just a phone.