Topic: 12 years and no country has approved Bitcoin ?? - page 3. (Read 2185 times)
Many countries talk about it, but no one has done it 100%
This one came funny to me @OP. I don't know what nation of the world would approve of a revolution because, that's what Bitcoin is to most countries fiat currency because, should it be approved following the advantage it offers, it just might erase fight from the world. And again, its decentralized nature being that it cannot be controlled or taxed appropriately, doesn't help the government so much in revenue generation so now tell me, 'How then do you expect the government of any nation to go as far as approving it?' The best is what they have done in some nations which is legalizing it along with a warning. Only worst nations or ignorant governments would go as far as making it a crime or banning its operation in their country. Its so much of a set back.
What if it's only a matter of time? For example, in 10 years it may well claim to be a recognized currency, and it would be pointless for states to deny it? Especially if you look at the recent events with the vaccine and the passports of the vaccinated... Surrealism ceases to be surreal!
Well, the only problem with your statement is this. 10 years is too soon for your "prophecy" to happen and take into account the many institutions that will fight head on with Cryptocurrency. All we have right now is for Bitcoin to have a status where it is being accepted as a form of payment or investment. But to make it a global force? It is too early I should say. As long there will be big shots who will make sure that they will invest and enter the cryptocurrency market then it might help with the speedy acceptance of big finance to crypto.
I don't agree with you! Look at what happened to bitcoin 10 years ago, and how much it has evolved now that the whole world has learned about it... I think that in another 10 years we will have a new paradigm in the financial world thanks to bitcoin, and cryptocurrencies!
:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
You Know what is controversial here ? is that you as newly created account that has Fully Posted in Bounty reports had only one serious post and guess what ? this post lol , questioning Bitcoins acceptance does it sounds funny?and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
https://bitcointalksearch.org/user/mdsumon0066-2861414
But it's Fine because we are use to it.
And also JAPAN accepted Bitcoin years back so how come that this idea comes to your Bounty Mind?
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and also Even that many countries are not approving Bitcoin at least many of them are allowing their People to use and enter trading and for me this is more important that that Approval that you are talking about.
This one came funny to me @OP. I don't know what nation of the world would approve of a revolution because, that's what Bitcoin is to most countries fiat currency because, should it be approved following the advantage it offers, it just might erase fight from the world. And again, its decentralized nature being that it cannot be controlled or taxed appropriately, doesn't help the government so much in revenue generation so now tell me, 'How then do you expect the government of any nation to go as far as approving it?' The best is what they have done in some nations which is legalizing it along with a warning. Only worst nations or ignorant governments would go as far as making it a crime or banning its operation in their country. Its so much of a set back.
What if it's only a matter of time? For example, in 10 years it may well claim to be a recognized currency, and it would be pointless for states to deny it? Especially if you look at the recent events with the vaccine and the passports of the vaccinated... Surrealism ceases to be surreal!
Well, the only problem with your statement is this. 10 years is too soon for your "prophecy" to happen and take into account the many institutions that will fight head on with Cryptocurrency. All we have right now is for Bitcoin to have a status where it is being accepted as a form of payment or investment. But to make it a global force? It is too early I should say. As long there will be big shots who will make sure that they will invest and enter the cryptocurrency market then it might help with the speedy acceptance of big finance to crypto.
:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
It is impossible to approve something that you can not control or where you will not be able to dictate rules. Government can approve things that can become controlled by it fully or partially. What about decentralized things, in this direction government has only possibility to control things and processes that may be connected with crypto for example, your declaring assets in your native money equivalent, or you buy equipment for mining, or licenses for exchanges, but the decentralized thing itself is outside their control and opportunity to approve it.
This one came funny to me @OP. I don't know what nation of the world would approve of a revolution because, that's what Bitcoin is to most countries fiat currency because, should it be approved following the advantage it offers, it just might erase fight from the world. And again, its decentralized nature being that it cannot be controlled or taxed appropriately, doesn't help the government so much in revenue generation so now tell me, 'How then do you expect the government of any nation to go as far as approving it?' The best is what they have done in some nations which is legalizing it along with a warning. Only worst nations or ignorant governments would go as far as making it a crime or banning its operation in their country. Its so much of a set back.
What if it's only a matter of time? For example, in 10 years it may well claim to be a recognized currency, and it would be pointless for states to deny it? Especially if you look at the recent events with the vaccine and the passports of the vaccinated... Surrealism ceases to be surreal!
This one came funny to me @OP. I don't know what nation of the world would approve of a revolution because, that's what Bitcoin is to most countries fiat currency because, should it be approved following the advantage it offers, it just might erase fight from the world. And again, its decentralized nature being that it cannot be controlled or taxed appropriately, doesn't help the government so much in revenue generation so now tell me, 'How then do you expect the government of any nation to go as far as approving it?' The best is what they have done in some nations which is legalizing it along with a warning. Only worst nations or ignorant governments would go as far as making it a crime or banning its operation in their country. Its so much of a set back.
No country has made bitcoin official? Are you sure?
Bitcoin is known as the official currency in many countries and is used for transactions. Even in Korea, there are devices that pay you to receive some bitcoins.
increase your knowledge in this field, my friend!
Bitcoin is known as the official currency in many countries and is used for transactions. Even in Korea, there are devices that pay you to receive some bitcoins.
increase your knowledge in this field, my friend!
What exactly do you mean by Official currency? I mean of all countries Japan is the only that OFFICIALLY RECOGNIZED Bitcoin and other digital currencies as Legal money. But to be an official currency? I mean you need to replace the current official currency of that country like Yen or Dollars and replace it with Bitcoin. And Japan is the only country that made a law on that. Other countries made official statements about it but no "Official Currency" status. But maybe I am wrong. Can you please elaborate and give us some links since you are telling us to increase our knowledge so I guess you have THE knowledge.
It's a common idea that government will not accept or approve bitcoin because it's a decentralized currency, can't be controlled and might end up ruining the economy instead of leading in advantage. The government can't control bitcoin, no one can and that's the one and strongest reason why no government accepts the currency. We are lucky that most countries are legalizing the use of cryptocurrency. It can change depends on the situation where it'll be more profitable.
In general, I also do not encourage or feel that spreading crypto or bitcoin to the government and asking them to provide legalization because everyone understands that the nature of this story is impossible when the origins of bitcoin are not so clear and controlling is not easy, the government is still very worried about what happens after they legalize it. Plus, users like us probably don't benefit too much when we make our earnings public, we won't be able to avoid taxes, approving is unnecessary, maintaining neutrality is something I like among governments
No country has made bitcoin official? Are you sure?
Bitcoin is known as the official currency in many countries and is used for transactions. Even in Korea, there are devices that pay you to receive some bitcoins.
increase your knowledge in this field, my friend!
Bitcoin is known as the official currency in many countries and is used for transactions. Even in Korea, there are devices that pay you to receive some bitcoins.
increase your knowledge in this field, my friend!
This should not be an issue to Bitcoin users, so far it is not a crime or banned in your country. Decentralization which is a result of the volatile nature it possesses which is what I think is one of the factors that won't make some country to approve Bitcoin as we know that no man can control Bitcoin.
It's a common idea that government will not accept or approve bitcoin because it's a decentralized currency, can't be controlled and might end up ruining the economy instead of leading in advantage. The government can't control bitcoin, no one can and that's the one and strongest reason why no government accepts the currency. We are lucky that most countries are legalizing the use of cryptocurrency. It can change depends on the situation where it'll be more profitable.
Many countries have been allowing Bitcoin. You should read this topic, List of Countries Where Bitcoin/Cryptocurrency Is Legal & Illegal (Banned). But if you are talking about approve it officially then it wouldn't happen since Bitcoin is a decentralized cryptocurrency. There is quite a difference between legalize bitcoin and approved it as an official currency.
Regarding prediction badly end up, there was so may similar prediction from the beginning. But still, Bitcoin is alive and I believe it will be live for a long time or forever. This kind of prediction wouldn't affect the bitcoin, because Bitcoin always depends on its community.
Regarding prediction badly end up, there was so may similar prediction from the beginning. But still, Bitcoin is alive and I believe it will be live for a long time or forever. This kind of prediction wouldn't affect the bitcoin, because Bitcoin always depends on its community.
What I believe in when it comes to Bitcoin usage is that these countries do not have legislation or decrees that would legalize them. But that does not mean that it is not being used or being utilized by many individuals or companies. It is being used and there are companies that uses Bitcoin as a payment method. So in my opinion, there is really no need to approval or a need to legitimize the said coin since it is already being used by many people in many countries.
:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
It's not surprising because bitcoin is a decentralized currency and no country would immediately use a currency that they cannot control or could go out of control. As the market price continues to increase it's getting riskier to hold your bitcoin as well because no one really knows what bitcoin could end up but it has a great potential to adopt in some countries or maybe get support from the government making it an asset. We could agree to his opinion as the price continues to go to the moon or if the bitcoin continues to adopt countries might find a way to make bitcoin a centralized currency we never know what could happen if they want to adapt.
Very sad to say that bitcoin trading is not legal in many countries. looking no chance due to its decentralized system. No Government will accept it because Government want full control over money which not found in btc.
in some countries maybe illegal but OP was wrong to say that no country has approved bitcoin when we have a lot of countries who are already accepting bitcoin and regulating it, Philippines is one of the countries that are bitcoin friendly, and I can attest to that as I'm living in this country.
Very sad to say that bitcoin trading is not legal in many countries. looking no chance due to its decentralized system. No Government will accept it because Government want full control over money which not found in btc.
:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
States do not approve of bitcoin or other cryptocurrencies. They can legalize or ban her from walking on their territory. Legalization takes place by determining the legal status of cryptocurrency and establishing the order and conditions for its circulation in society. At this time, many states have already legalized bitcoin, however, of course, not yet as massively as we would like. At the same time, it must be said that states are unlikely to actively support the cryptocurrency. They can legalize, but not actively support. and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
how can the government approved crypto? Because govt. can not control Bitcoin. Else this is risky for underdevelopment country. There are some people who do Money laundering. Each currency is important for underdevelopment country.
BTC
BTC
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
because of the instability of bitcoin, no one can regulate and be regulated, it will move with the system that already exists in itself. I think there are countries that have recognized and accepted bitcoin to be used as a legal means of payment. but there are also those who on the contrary only acknowledge it as a means of trade only, it needs regulations that do not overlap with each other which can actually be chaotic.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
in my country the government does not allow and does not recognize that bitcoin is a legal means of payment, so there are no transactions using bitcoin and everything related to crypto. But the government does not prohibit doing things other than cypto, such as trading etc. when required for legal payments the government provides the company to convert it to fiat.
so no problem with bitcoin and crypto all countries finally have to get used to the developments that occur.
Bitcoin is not approved yet, because countries has their own local currency and there is no clear understanding in tax system in connection with cryptocurrency.
Bitcoin is not yet as popular as fiat currency. Lets skip USD, EUR, RUR, CHF, JPY, GBP and look at something less popular. Imagine if they are Bitcoin. They are not approved in counties as well. Even though they can be freely exchanged to local currency.
Good example is Turkey and Turkish Lira. TRY is used everywhere, but EUR and USD are good for payment in tourist area. Of course these fiat can be used in small shop somewhere deep in country, but Turks would prefer TRY more. First Turkish Lira appeared in ~1920 and it took decades for EUR and USD to be freely accepted. That is why 12 years for Bitcoin is a very short period to speak about adoption or approvement.
Bitcoin is not yet as popular as fiat currency. Lets skip USD, EUR, RUR, CHF, JPY, GBP and look at something less popular. Imagine if they are Bitcoin. They are not approved in counties as well. Even though they can be freely exchanged to local currency.
Good example is Turkey and Turkish Lira. TRY is used everywhere, but EUR and USD are good for payment in tourist area. Of course these fiat can be used in small shop somewhere deep in country, but Turks would prefer TRY more. First Turkish Lira appeared in ~1920 and it took decades for EUR and USD to be freely accepted. That is why 12 years for Bitcoin is a very short period to speak about adoption or approvement.
Well, fiat currency i guess will never become out of the picture even the world adopt bitcoin or cryptocurrency as one of the currency it is because the fiat currency didn't just used as a means of exchanging from currency to goods but it is also the identification of each nation. However, i bet that the worlds adoptation of cryptocurrency especially bitcoin will not yet far it is due to bitcoin had already a record breaking ATH that made it famous these past year 2020.
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