friends, bitcoin does not need approval from the government in its follow-up of trading and holdings I think, without approval bitcoin will still live and thrive in the future
if you expect bitcoin to be a currency, i don't think it's possible what else for developed countries like china and usa they reject bitcoin
but if you are in a developing or poor country, you can make bitcoin a payment instrument / currency like today's Elsavador
Topic: 12 years and no country has approved Bitcoin ?? - page 2. (Read 2248 times)
The government won’t approve because they know they can’t control the price. The Bitcoin isn’t centralized. For the government to approve, they have to actually be in charge. It’s better that Bitcoin remains this way. So it can be decentralized.
12 years is still a short time, moreover there are no companies that actively and massively promote bitcoin so bitcoin is difficult to develop, but the good thing is that the bitcoin community continues to grow so that bitcoin is increasingly actively used and has an impact on prices that continue to increase.
Depends on what you mean by “it hasn’t been approved”. Some countries accept it as a means of payment and that’s a step in the right direction. And about the government, they don’t have power over the price so there’s almost no way they can approve of what they aren’t in charge of. Bitcoin is decentralized and that’s a major reason why the government haven’t ‘approved’ it.
As we are seeing now, it has been resolved when governments have announced their acceptance of crypto. But the opposite of that, there are still a lot of rejections 
I suppose once it was something important in human development it was only a matter of time for it to spread to all.
I suppose once it was something important in human development it was only a matter of time for it to spread to all.
Well, El Salvador is already the first country that made strides in the world of Cryptocurrency by accepting it and putting it into law. Well I think El Salvador might want to try and take advantage of Bitcoin's price and they can use their resources to buy the said coin while the price is still acceptable and for them "cheap". I think they have already purchased many Bitcoins and might continue to do so and wait for the price to increase and will be able to get so much profit once they sell these.
The concept of decentralized bitcoin is certainly opposite to the concept of a centralized central bank, this is what makes the state powerless to control bitcoin so that it prohibits bitcoin, I think this is not too problematic as long as there is a strong community then bitcoin will continue to be valuable.
It doesn't seem to be prohibiting. But limiting the circulation of bitcoin so that they can still control the finances, they do not want all in financial terms to move freely and openly. Here they of course have a secret for them to keep and can not be published.
Yes that’s the basic thing that everyone needs to understand.
But guess what? El salvador now accepting Bitcoins.
Someone has started and i am sure rest gonna follow for sure.
The main reason for which countries consider Bitcoins as illegal due to it’s decentralised nature.
But i am sure in future, people will force the government to make the coin legalised.
Why many countries choose to reject Bitcoin, because Bitcoin is decentralized and it is not liked by any country's government. Moreover, the volatile
Bitcoin price is also the reason why many countries do not accept Bitcoin as a legal tender. Fortunately there is El Salvador which is quite surprising
to many people, because it is very brave to legalize Bitcoin as a legal tender. Indeed, sometimes there needs to be a country that dares to start first,
and the government of El Salvador has the courage to make the decision to accept Bitcoin. If the government of El Salvador can demonstrate
the positive effects of its decisions, I believe many countries will follow in El Salvador's footsteps.
Governments don't approve cryptocurrencies easily as there is a high volatility in this market. And they do not want their citizens to make investments into them and risk their money. For example, China showed this as a reason and banned all the things related to cryptocurrencies. But still, most governments choose to regulate them and not to ban them.
I see your point why governments don't approve cryptocurrencies. I don't think the government need to approve this matter after all cryptocurrencies can still work even without the approval. Cryptocurrencies exist for how many years and the approval not that much important i guess. And maybe the government earned from cryptocurrencies and they chose not to disclose it.
Governments don't approve cryptocurrencies easily as there is a high volatility in this market. And they do not want their citizens to make investments into them and risk their money. For example, China showed this as a reason and banned all the things related to cryptocurrencies. But still, most governments choose to regulate them and not to ban them.
It doesn't seem to be prohibiting. But limiting the circulation of bitcoin so that they can still control the finances, they do not want all in financial terms to move freely and openly. Here they of course have a secret for them to keep and can not be published.
Many governments are against Bitcoin and I do not understand why,maybe because they truly want slaves and not population.In the pandemic Bitcoin helped a lot of people get past those very difficult months of Q2 2020 where almost all businesses closed down and people were not getting paid like they used to.
Central banks are the enemies of Bitcoin,they think that their power will be completely removed when Bitcoin enters mainstream adoption and that is why them together with governments do not want Bitcoin,except El Salvador right now.
It doesn't seem to be prohibiting. But limiting the circulation of bitcoin so that they can still control the finances, they do not want all in financial terms to move freely and openly. Here they of course have a secret for them to keep and can not be published.
Yes that’s the basic thing that everyone needs to understand.
But guess what? El salvador now accepting Bitcoins.
Someone has started and i am sure rest gonna follow for sure.
The main reason for which countries consider Bitcoins as illegal due to it’s decentralised nature.
But i am sure in future, people will force the government to make the coin legalised.
This is a natural thing if there is no country that 100% approves bitcoin because what we know today is that every country still applies pros and cons for bitcoin. only el salvador accepts bitcoin and is open to the public. but in the future I believe that many countries will accept bitcoin if the government understands the true benefits of bitcoin.
There's no power in this world for your kind information that can destroy the bitcoin or any cryptocurrencies, so it's better not to discuss anything related to "destroying" or "end up badly."
Talk about approving the bitcoin; well, the government can't accept any cryptocurrencies.
They're volatile and decentralize, and government believe it can destroy their economy
Talk about approving the bitcoin; well, the government can't accept any cryptocurrencies.
They're volatile and decentralize, and government believe it can destroy their economy
And right now, El Salvador is the first country to accept bitcoin as legal tender. Other countries may not look at btc as legal tender but there are a lot of them that are openly accepting crypto in their financial system. Bitcoin doesn't need approval of government as it can exist without them, unless the government is totally banning its usage. In those 12 years, bitcoin has achieved a lot already.
There's no power in this world for your kind information that can destroy the bitcoin or any cryptocurrencies, so it's better not to discuss anything related to "destroying" or "end up badly."
Talk about approving the bitcoin; well, the government can't accept any cryptocurrencies.
They're volatile and decentralize, and government believe it can destroy their economy
Talk about approving the bitcoin; well, the government can't accept any cryptocurrencies.
They're volatile and decentralize, and government believe it can destroy their economy
Numerous Governments of different state and countries still stand by with their see that BTC isn't supported by anything that's why they cannot endorse it as a lawful delicate. Be that as it may, they favor it as an venture resource. Mostly officials busy to amendment laws regarding Bitcoin to assess wage from bitcoin exchanging and mining. Controls of crypto trades and other stages with crypto-related administrations are too proofs that they've acknowledged bitcoin to a bounded area.
in my country bitcoin it is not legal yet but the government does not prohibit bitcoin transactions,
every country definitely will not and It is impossible to agree on something that it cannot control or over which you cannot dictate the rules. where - where the Government can agree on matters which can be controlled fully or partly.
every country definitely will not and It is impossible to agree on something that it cannot control or over which you cannot dictate the rules. where - where the Government can agree on matters which can be controlled fully or partly.
25 years of internet and people still do not even know how to read things from search engines to find out if what they are about to say is true. But I feel happy every time someone says something like this about BTC,,, makes them not buy it, makes others not buy it, makes it longer to reach mainstream adoption. Good for accumulating hodlers like me:)
Using cryptocurrency is actually approved by some of the governments around the world, and it is fine as it is. Being approved by government does not mean they should be handling it and force their people to use it. I mean, with permission or not bitcoin and other cryptocurrencies will still continue to function and whoever wants to use it can use it freely.
As for predictions, you can't just believe in anyone about bitcoin's future. Only if he had done thorough research about and he is familiar with how it systematically works, maybe his argument is valid. But it's not, so why believe to it?
As for predictions, you can't just believe in anyone about bitcoin's future. Only if he had done thorough research about and he is familiar with how it systematically works, maybe his argument is valid. But it's not, so why believe to it?
The most important thing about bitcoin is that it does not need the approval of the government. Although if they try to tax, ban or censor it, by its unique nature it is always usable and accessible.
Jump to: