Bitcoin is difficult to accept in countries - page 4.

carlisle1

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Quote from: crossabdd on October 31, 2019, 02:11:29 AM

at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.

because those countries that talks about blockchain is eager to have their own Currency so Bitcoin will be a threat to them so they rather not to tackle this great coin,expect every bad comments from these country just to make their target visible.but about controversies ?this is still publicity mate the more they talk dirty about Bitcoin the more popularity this coin gains.

Getmon

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Quote from: joshy23 on December 27, 2019, 09:09:35 PM

Quote from: Zemomtum on December 27, 2019, 06:51:20 PM

We should expect this kind of scenario in a revolutionary project. Bitcoin will still get adopted at the global level but it will take some time not as fast as many people want it to be. There will always be reluctant for new innovation

There are people that will going to adopt and there are also portions that will not easily adopt it. But in time, this innovative process will be noticed and start being used by most businesses. We should all know that the industry needs more backups from known personalities and businesses.

The hardest part will always be the transition phase. It is not easy to leave behind what you have grown to be comfortable using. It is not easy to just let go of the past and what you have used to even if the new design or technology is much better. The comfort, familiarity, convenience, etc count as significant factors why a new innovation is hard to embrace immediately. But sooner or later, the shift will still happen. That is the same with Bitcoin and cryptocurrency.

joshy23

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Quote from: Zemomtum on December 27, 2019, 06:51:20 PM

We should expect this kind of scenario in a revolutionary project. Bitcoin will still get adopted at the global level but it will take some time not as fast as many people want it to be. There will always be reluctant for new innovation

There are people that will going to adopt and there are also portions that will not easily adopt it. But in time, this innovative process will be noticed and start being used by most businesses. We should all know that the industry needs more backups from known personalities and businesses.

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Quote from: crossabdd on October 31, 2019, 02:11:29 AM

at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.

Until now several countries have agreed on Blockchain to be implemented in the real world. Because Blockchain technology itself has adopted several industries in the real world, especially the financial industry such as banks. Even some countries have legalized cryptocurrency which is categorized as a commodity product and can be traded on the futures exchange. however, it just can't be used as a payment transaction. because it is not very easy if a digital currency that has fluctuating prices is used as a means of payment.

yulionoo

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I think there are many reasons why most countries in the world have not legalized cryptocurrency. firstly because decentralized cryptocurrency cannot be regulated and controlled by the government, anonymous crypto is easy to use for crime, bitcoin has high volatility and lastly the government considers if they legalize bitcoin then their national currency will be threatened.
and regarding the current blockchain, more countries and companies are supporting and adopting blockchain because they understand the great benefits that can be obtained by implementing blockchain technology.

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We should expect this kind of scenario in a revolutionary project. Bitcoin will still get adopted at the global level but it will take some time not as fast as many people want it to be. There will always be reluctant for new innovation

elisabetheva

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Quote from: julius caesar on December 27, 2019, 01:03:18 PM

Bitcoin is being rejected by other countries because they are afraid of what can bitcoin really do. Bitcoin might replace the physical money that is why government are doing their best to ban it. But little did they know, bitcoin can cause faster transaction than the physical money which might cause a economy growth.

most of it may be the rejection of bitcoin because the country is not ready to accept the latest technological developments. because there are still many countries that the internet network is also still difficult and of course it is its own constraints. about what the colleague said above because the country was afraid that bitcoin would replace fiat money, it was very unlikely because it was clearly very different in use. what is certain is usually regulations or rules that are not ready and so they need to adapt to this.

MarioV

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Bitcoin is very difficult to understand by the masses precisely because it requires multidisciplinary knowledge and the average people are unfortunately low. Consequently, most of the state regulators (who are photocopies of us) do not understand the potential of this mainly mental revolution. On the contrary, someone has understood (a few of them) as well as the world of finance that has done everything to block it (first) with the complicity of people's ignorance and to slow it down (then) seeing that it cannot be stopped. So it will be difficult for people to be convinced in mass in their use. Unfortunately we have to hope in the banks that are entering the crypto world. When they clear it, then bitcoin will be able to spread.

Lauren Smith

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What shit are people talking? You can use bitcoin in any country. The government doesn't need to give it some sort of legal status. People are delusional.

Quote from: BuNga_cute on December 27, 2019, 12:44:16 PM

It is true that bitcoin is very difficult to be accepted by most countries in the world, because bitcoin is considered widely used as illegal
activities such as money laundering, terrorist funding, human trafficking and so on.Though countries the lack of knowledge about bitcoin.
Another reason why bitcoin is difficult for the government to accept because it is considered threatening the existence of fiat and banks.
I still hope that bitcoin can be accepted and legalized by all countries in the world, this opportunity still wide open. Remembering the
countries that accept bitcoin are increasing every year.

Stop talking shit. You can us bitcoin from anywhere. Where is it illegal? It doesn't need the government to accept it. Stop being delusional.

julius caesar

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Bitcoin is being rejected by other countries because they are afraid of what can bitcoin really do. Bitcoin might replace the physical money that is why government are doing their best to ban it. But little did they know, bitcoin can cause faster transaction than the physical money which might cause a economy growth.

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Quote from: tungaqhd on December 27, 2019, 12:08:47 PM

Quote from: crisanto01 on October 31, 2019, 05:13:33 AM

It's not that easy to accept digital world especially in some poor countries that don't have much access in the internet or that their citizens don't even know how to access computers and still have zero knowledge over the internet. So, it won't be that much easy to accept and adopt. In time it will happen little by little.

I think the biggest problem is the governments, not Internet infrastructure because OP want Bitcoin to be accepted worldwide. The governments don't want Bitcoin because it threaten existing fiat system.

Yeah, that's one of the reasons that governments didn't accept easily the circulement of bitcoin in the country without any limit. It can threaten the local currency, like people will use to get bitcoin and using it more than the local currency, which it will influence the fiat system and it will be a problem, that's the fear of the govemenert I guess.

BuNga_cute

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It is true that bitcoin is very difficult to be accepted by most countries in the world, because bitcoin is considered widely used as illegal
activities such as money laundering, terrorist funding, human trafficking and so on.Though countries the lack of knowledge about bitcoin.
Another reason why bitcoin is difficult for the government to accept because it is considered threatening the existence of fiat and banks.
I still hope that bitcoin can be accepted and legalized by all countries in the world, this opportunity still wide open. Remembering the
countries that accept bitcoin are increasing every year.

tungaqhd

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Quote from: crisanto01 on October 31, 2019, 05:13:33 AM

It's not that easy to accept digital world especially in some poor countries that don't have much access in the internet or that their citizens don't even know how to access computers and still have zero knowledge over the internet. So, it won't be that much easy to accept and adopt. In time it will happen little by little.

I think the biggest problem is the governments, not Internet infrastructure because OP want Bitcoin to be accepted worldwide. The governments don't want Bitcoin because it threaten existing fiat system.

Blackdeath

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There are really a lot of countries who does not yet accept bitcoin due to fake news that bitcoin is just a scheme to scam other people, which is not true because even bitcoin has a lot of issues of scam projects it doesn't mean it is all about scam and fraud. Bitcoin is a good for a long term investment, that is why a lot of people became rich with it. Bitcoin is also good as a currency because it has fast transaction and it is decentralized.

manualwaterfall

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If you transact with bitcoins, holding the bitcoins instead of converting to local currency, it is just as easy as any other payment method

owengtam09

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It is already adopted by some countries and it already fine, it is still used even though some countries did not adopt it because it can use online, I think the reason why some governments did not want to adapt it, is it because there is no tax with bitcoin. They didn't get anything from it.

makolz26

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Quote from: pundit on December 27, 2019, 09:39:23 AM

The main reason behind rejection of Bitcoin by any government is its decentralized nature. As Bitcoin is not under anyone's control its difficult to trace any transaction carried out in Bitcoin and I think this is the reason where most of the governments are afraid of accepting Bitcoin into their financial system.Although legalizing Bitcoin payments may attract a good income to any government but risk of crimes like money laundering will be increased.

Let's face it, government don't like Bitcoin because of the fact that they cannot control it, they don't know what are they going to do for this, they are after the money that they can collect but they don't know yet how they are going to implement on it because it is decentralized, so they hate it, they want people to pay proper tax so they can corrupt more.

pundit

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The main reason behind rejection of Bitcoin by any government is its decentralized nature. As Bitcoin is not under anyone's control its difficult to trace any transaction carried out in Bitcoin and I think this is the reason where most of the governments are afraid of accepting Bitcoin into their financial system.Although legalizing Bitcoin payments may attract a good income to any government but risk of crimes like money laundering will be increased.

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Quote from: Colt81 on December 27, 2019, 08:15:30 AM

Quote from: Kasabus on December 27, 2019, 08:09:34 AM

If the government accepts bitcoin then people will embrace it, what we need is the regulation as we know how risky using bitcoin due to its volatility.
With government regulated on bitcoin and crypto as a whole, people would be educated and they will understand the risk.

Let's put in mind that not all users are investors and not all investors are users as well.
But.. what we need more users to benefit this centralized system.

Honestly, we don't need for bitcoin to be regulated by the government because bitcoin is decentralized which they can't control, and put a tax on it. The only thing that we need is that the government should accept bitcoin as a currency, so everyone in the world would start to use and accept bitcoin for online transaction. If bitcoin became centralized, it doesn't have any difference with fiat currency.

They can't regulate bitcoin itself but they can regulate its channel, like the exchanges, stores, or anything that accepts bitcoin.
The problem is, if bitcoin is not regulated it will be use for crimes like money laundering because it's not easy to trade and not KYC when using it and of course the scams in the crypto space will increase.

it is where we are going, the government are starting to regulate exchanges, crowd sales, and big businesses because there's a big money flowing on them.

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Quote from: Kasabus on December 27, 2019, 08:09:34 AM

If the government accepts bitcoin then people will embrace it, what we need is the regulation as we know how risky using bitcoin due to its volatility.
With government regulated on bitcoin and crypto as a whole, people would be educated and they will understand the risk.

Let's put in mind that not all users are investors and not all investors are users as well.
But.. what we need more users to benefit this centralized system.

We need more users to benefit out of the decentralized system. With centralized services the effectiveness is low compared to the blockchain technology. Very little number of people around the globe is aware about bitcoin and technology backed cryptocurrencies that has got only the virtual presence. With time the acceptance level of bitcoin in different services keeps increasing, but same as that there are people who fear regulation and stay away from cryptocurrency usage. As in the above quote when regulation will surely help with the market widening of cryptocurrency.

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