Topic: Bitcoin Acceptance. - page 13. (Read 2400 times)
in my opinion for the time being that is the thing that must be considered, and if possible it should be realized, because I am sure that if the bcc can be received by the government and regulated by the government then the things we can feel directly are security against BTC which is better, then we can find out where the coin goes if there is hacking, and what is even better is if there is a btc theft or hack there will be a legal entity that regulates it so in my opinion it will be very good if realized.
If bitcoin were to be accepted, on the condition that it should be regulated. Do you think it should be done, disregarding its decentralized nature?
Above fact " decentralized" you have mentioned is the main reason why the world hesitate to accept or regulate bitcoin today because how can governments allow a digital currency to use in there country when there is no centralized authority who can take the responsibility but if bitcoin becomes widely expanded in the financial world there is a possibility it will be accepted unofficially as an alternative international currency in the world
Regulations are good but bitcoin decentralized nature is something to be concerned about,but I know certainly that the creator of bitcoin can create what anybody needs to regulate it,its like virus and anti virus,.then bitcoin can gain more acceptance..
if bitcoin accepted by the public and becomes the main facility for transactions, national or international. for small values or large values, bitcoin always requires regulation.
hacking, theft, scam, and every FUD always comes every time. regulation has the aim to protect each asset and protect users from all that. so, regulation is very important.
hacking, theft, scam, and every FUD always comes every time. regulation has the aim to protect each asset and protect users from all that. so, regulation is very important.
If bitcoin were to be accepted, on the condition that it should be regulated. Do you think it should be done, disregarding its decentralized nature?
Maybe what do you mean by acceptance of bitcoin by the government? if indeed the world government adopts bitcoin technology that is Blockchain I think it's permissible, but if the government regulates bitcoin I think it will not be possible. Because bitcoin can be accepted by anyone, but bitcoin is anonymous, no one will arrange it.
If bitcoin were to be accepted, on the condition that it should be regulated. Do you think it should be done, disregarding its decentralized nature?
the question, who set it up? after all bitcoin has fantastic value because no country can manage bitcoin. this is a fact aside from technology. so this discussion is not very relevant.
If bitcoin were to be accepted, on the condition that it should be regulated. Do you think it should be done, disregarding its decentralized nature?
Maybe what do you mean by acceptance of bitcoin by the government? if indeed the world government adopts bitcoin technology that is Blockchain I think it's permissible, but if the government regulates bitcoin I think it will not be possible. Because bitcoin can be accepted by anyone, but bitcoin is anonymous, no one will arrange it.
in my opinion, what needs to be regulated by a country is to legalize the use of bitcoin, because after I have few countries legalize the use of bitcoin, including my country, if more countries legalize bitcoin, more people will use bitcoin.
That will be the end of bitcoin the day it changes from its primary principles of decentralization to be centralized. Then the government will just get the control which they desperately needed and will be in charge of bitcoins and its management. The empowerment tendency of bitcoin will cease to be because bitcoin will become the elicit coin where only the rich and noble will only have access to bitcoin.
If bitcoin were to be accepted, on the condition that it should be regulated. Do you think it should be done, disregarding its decentralized nature?
Unless it is centralized and can be directly controlled, bitcoin can't be regulated by any government because it is a decentralized virtual currency unlike the fiat. Government can only regulates the transactions of the coins in the cryptocurrency exchanges. Majority of the present crypto exchanges are also centralized and can be regulated and controlled but there are also few DEXs or decentralized exchanges that can pose a big problem to the government's ability to impose regulations in the future.
Bitcoin is the buzz word now the world over.
So many investors are getting involve ,which can be said to be the reason for the massive growth of bitcoin .
However, the bitcoin adoption rate in recent times have left much to be desired.
It is a fact , that without bitcoin getting massively adopted by the public....its growth would staunt.
So to begin with, all the core key technologies of the blockchain must be improved on in order to drive adoption rate of bitcoin upwards.
So many investors are getting involve ,which can be said to be the reason for the massive growth of bitcoin .
However, the bitcoin adoption rate in recent times have left much to be desired.
It is a fact , that without bitcoin getting massively adopted by the public....its growth would staunt.
So to begin with, all the core key technologies of the blockchain must be improved on in order to drive adoption rate of bitcoin upwards.
The fact is that bitcoin can't be regulated only the exchanges can be regulated and the bitcoin transactions can be monitored but if that is world wide accepted it will not be possible so bitcoin acceptance is the real matter which is irresepective of regulation na d this is to make tax for the governments only.
The beauty of Bitcoin is that it needs no permission from government. It is a true P2P currency on a global network.
Bitcoin doesn't ask for permission.
The network is constantly evolving, just like how the Internet evolved as the number of users grew.
There will be side-chains and overlays. Other things will likely change too as the technology matures and becomes easier to use.
Bitcoin is now where the Internet was circa 2005, poised on mass adoption.
Bitcoin doesn't ask for permission.
The network is constantly evolving, just like how the Internet evolved as the number of users grew.
There will be side-chains and overlays. Other things will likely change too as the technology matures and becomes easier to use.
Bitcoin is now where the Internet was circa 2005, poised on mass adoption.
I agree with the above. The main advantage of Bitcoin is that no country can control it. If he becomes a likeness of fiat currencies, then he will simply lose relevance. I hope this will never happen and Bitcoin will gradually replace fiatnnye currency and fully integrates into the global financial system. Certainly, there will be some regulation, otherwise it will be impossible to fight drug trafficking, money laundering and other illegal actions.
This is a great news for the cryptocurrency world!
˝Fidelity Investments, a financial services giant with over $7 trillion worth of assets under its management, has launched a company called Fidelity Digital Asset Services, which will be providing custody and trade execution services for cryptocurrencies. ˝
https://coincodex.com/article/2488/fidelity-investments-launches-crypto-focused-company/
˝Fidelity Investments, a financial services giant with over $7 trillion worth of assets under its management, has launched a company called Fidelity Digital Asset Services, which will be providing custody and trade execution services for cryptocurrencies. ˝
https://coincodex.com/article/2488/fidelity-investments-launches-crypto-focused-company/
If bitcoin were to be accepted, on the condition that it should be regulated. Do you think it should be done, disregarding its decentralized nature?
The two most important features for crypto coins are decentralization and transparent shape. If the centerless structure breaks down, I think it loses all its features.
If bitcoin were to be accepted, on the condition that it should be regulated. Do you think it should be done, disregarding its decentralized nature?
See Bitcoin has already been accepted by global mass thus acceptance is not an issue.But the regulation is and if Bitcoin gets regulated the USP of Bitcoin that is it's decentralized nature is gone.Soo the main issue is the government should think about regulating the transaction of Bitcoin without making it centralized so that the medium of earning gets available for many more. In some cases, regulating Bitcoin means making it centralized, so in this case, bitcoin will become as any other assets like gold and will lose the aim which is invented for which is being decentralized.
it will give us many benefits if bitcoin accepted in all country in the world, we can see that bitcoin is can be used in all merchant and used by all people in the world directly from their bitcoin wallet, cashless society will growing because of bitcoin
That could be a good for every country to accept bitcoin and help their people to work and pay on this currency that also become investment because it can make profit after giving on them. This will benefit everyone but government could control the transaction using bitcoin because they will be concern that may increase cybercrime and other illegal activities. Other than that, even government can benefit from it also and help to improve the economy.
If bitcoin is accepted, a bright future will be opened for humanity. But to change the nature of bitcoin is one that is hard to do.
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