The top countries won't even let that happen as it would threaten their supremacy and this makes it clear that they won't even allow such innovation work out.
Don't let us deceive our selves. Bitcoin can never be global currency that all countries will accept and use it as a global currency.
That's true. Even the US dollars has not been adopted as a global Currency not to talk about a crypto currency that is volatile in nature.
What country will adopt bitcoin as there main currency. Like I read on someone else's post. He said the reason behind the countries banning crypto currency is that they are afraid that crypto currency might take over there own currency. And I don't think that can happen.
I doubt if this will happen as most countries will want to protect the interest of their currency to avoid losing value. Bitcoin is volatile in nature the price can rise tremendously and also fall which will make it not to be acceptable as by many countries.
Seriously, it is usually ignorance that makes government officials fear that crypto currencies could make their local currency useless. The two interdepend on each other.
I think most countries have not accepted it because their leaders are yet to understand how crypto currencies work, so they wouldn't want to involve.
Also, I think the anonymity of cryptocurrencies is what is scaring most of this government fact that they can't track the movement of some of these cryptos.
True, but if the most developed countries don't fear anything , then I don't think other countries should be afraid of anything, even the anonymity that's being used as excuse.
You are very correct, the anonymity of bitcoin makes the government not to totally approved it for the payments of goods and services. The government also believes that it can be used to for fraud.
Actually, in developed countries, crypto is widely used for fraud but because in developed countries they have sophisticated investigation departments to keep track and carry out comprehensive investigations. Developing countries don't have that.
If Bitcoin could become the global currency that we all would be spending legally to purchase anything both online and offline,i guess it would be the best currency so far so good tho.