Topic: Ban bitcoin hardest in the future is more likely to be USA for the oil bitcoin (Read 3422 times)
January 06, 2015, 05:20:50 AM
Is it right？
August 26, 2014, 04:59:28 AM
USA might use BTC to avoid dollar value loss during oil import trades. But that's only an assumption. There are no hints yet.
August 26, 2014, 04:49:17 AM
I understand English is most likely not your 1st language... Reading this was painful and I gave up.
I understood every word he said and applaud Yingfeng for bringing it up regardless of any broken english or not.
Thank you so much...
August 25, 2014, 10:09:06 AM
For now, the Bitcoin-market is too shallow for it to be practical to use for trading for something as expensive as oil. Maybe in 5-10 years?
August 25, 2014, 08:14:27 AM
Its possible but chances are less. Good thing is that if its private company then it can avoid paying taxes to own's government.
It is happening, those private companys do can benifit from it, but the only reason that bitcoin can not be used in oil trading is political needs.
August 25, 2014, 04:38:09 AM
Its possible but chances are less. Good thing is that if its private company then it can avoid paying taxes to own's government.
August 25, 2014, 03:48:16 AM
Oil is the liquid gold of the century. And I doubt that the middle east will trade it for a virtual myth. 
August 25, 2014, 03:41:06 AM
No sense his title making read badly confuse
August 25, 2014, 03:27:28 AM
Google translate still has a long way to go.
August 20, 2014, 10:41:24 AM
If Bitcoin is banned, there will be other cleverer 'Bitcoins' filling the vacuum.
This, but I dont think its possible Bitcoin leaves the first place anytime soon. August 19, 2014, 10:46:07 AM
It is nice to see the report, and hope the oil producing countries will use Bitcoin for the transactions
I have to say it is impossible in the foreseeable future...
Very hard to implement deals with btc transactions. Money via bank transfer or something of the sorts is much more reliable than using a fluctuating currency like bitcoin.
In my opinion, the only reason that bitcoin can not be used in oil trading is political needs. In fact, if we ignor the political factor, bitcoin would be advantageous in oil trading in almost all aspects.
At the same time, in some other areas in which the political factor is not very important , the situation would be different, bitcion could obtain fast development.
August 18, 2014, 04:40:11 PM
I understand English is most likely not your 1st language... Reading this was painful and I gave up.
I understood every word he said and applaud Yingfeng for bringing it up regardless of any broken english or not.
August 18, 2014, 01:26:43 PM
If Bitcoin is banned, there will be other cleverer 'Bitcoins' filling the vacuum.
This, but I dont think its possible Bitcoin leaves the first place anytime soon.I wouldn't like a PetroCoin, but if it has to happen, it can happen.
August 18, 2014, 12:49:51 PM
If Bitcoin is banned, there will be other cleverer 'Bitcoins' filling the vacuum.
This, but I dont think its possible Bitcoin leaves the first place anytime soon. August 18, 2014, 12:10:15 PM
Disruptive technology makes some nations take dumb decissions that they regret years later.
August 18, 2014, 09:34:25 AM
The oil producing countries could dump some of their $ holding for bitcoins. That would have an effect on the price.
August 18, 2014, 03:00:07 AM
It is nice to see the report, and hope the oil producing countries will use Bitcoin for the transactions
I have to say it is impossible in the foreseeable future...
Very hard to implement deals with btc transactions. Money via bank transfer or something of the sorts is much more reliable than using a fluctuating currency like bitcoin.
August 18, 2014, 02:48:29 AM
I understand English is most likely not your 1st language... Reading this was painful and I gave up.
August 17, 2014, 11:20:00 AM
It is nice to see the report, and hope the oil producing countries will use Bitcoin for the transactions
I have to say it is impossible in the foreseeable future...
August 16, 2014, 09:40:38 PM
It is nice to see the report, and hope the oil producing countries will use Bitcoin for the transactions
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