Bitcoin will get legitimacy in all countries?

btcrut2017

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Quote from: Tomb_Goon on May 22, 2018, 07:14:53 AM

Hi guys

Can Crypto get big enough that it would be used to fund political campaigns and totally influence the way we make decisions in broader aspects of government?

There are so many countries that are very strict in there guidelines. Government see to it that the people are protected. That is why it would still be a long journey for bitcoin to be accepted worldwide.

mbenga

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Quote from: mdyeatul on May 22, 2018, 07:11:41 AM

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?

As for me, I think Bitcoin would never get the legitimacy all over the world. Bitcoin will have always problems with governments of all countries in the world about putting into the economy. Law inside the country are very strict to involve new technologies in it.

cosmicart

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one might say that bitcoin will wind up genuine in many nations. Be that as it may, regardless of whether it will command in all nations, is under probability. Many nations are not benevolent towards bitcoin and by and large, cryptocurrency, since it is uncontrolled and permits uncontrolled withdrawal of cash from the nation.

Momoamzad

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Quote from: mdyeatul on May 22, 2018, 07:11:41 AM

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?

this is alabout their thought. I donot find bitcoin harmfull. its popularity all over the world. I hope some day people will understand and it will lagitamecy as soon as possible.
because it is the source of earning for unemployeed. .

Dark_raven007

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Quote from: virendarnagpal on May 22, 2018, 11:31:33 AM

Bitcoin will not be a source of increased inflation. Because if countrymen wish to buy bitcoin; they will have to pay the fiat currency of their cournty. So the fiat currency will be pushed out of the circulation. So there will be shortage of currency.
Ultimate effect of decreased currency will be less purchasing power of the people of that particular country. So with the decrease in purchasing demand of goods and services will decrease ultimately this step will be deflationary not inflationary;
Hope the concept is clear Grin

Above statement given on the basis that most of the people in most of the countries are buying as instrument of investment not as currency to buy goods and services.

I agree with you. I also think that bitcoin will allow many people to earn money and stop being poor. so it is not beneficial to the country's leadership. This is the reason why many states prohibit it

moshk555

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It can be said that Bitcoin would not be allowed by the G8 as it would give rise to an accepted and growing competition to national currencies, however, the global population's acceptance of a democratic currency is growing exponentially so it may be possible that it could be legitimacy.

dragoz11

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how the inflation is supposed to occur if the btc becomes legitimate, actually I think the money will have more liquidity as it will distributed more among people and with ease inflation somehow.

Etanllah

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I think bitcoin will be for sure legal in all countries, because countries cant ban it, and people still will use bitcoin, so at least counties will receive some taxes from it.

josephpogi

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Quote from: mdyeatul on May 22, 2018, 07:11:41 AM

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?

Bitcoin have just started its acquiring skills on major countries like Russia and European Unions. More and more countries have started accepting Bitcoin and few countries are Japan, Singapore, Canada and few more. I think all the remaining countries are reviewing their tax laws and other things to accept Bitcoin in their country

virendarnagpal

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You are right. Bitcoin will get legitimacy in all the countries. Though it will take few years. The future is for crypto world. In the years to come these countries will recognize the importance of bitcoin etc and will have to give it legal status. Because if they will not do this; they will be left behind and will not be able to get advantages which the countries legalizing crypto will be getting.

Kupid002

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Quote from: pathapoddo on July 01, 2018, 11:53:34 AM

I don't think so government are think that bitcoin will control their share market and other economics market. So they are so scared. Also it will get the leadership of bank and other market.

Government have some knowldege about bitcoin currency how does it may work but they dont even make a way on this kind of legitimacy in any country maybe they dont absorb what could be the possible that may happen or they dont just like this for.

jhache

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Whether you like it or not but Bitcoin will never be able to get legality in all the countries. There are going to be a few countries who are never going to be in favor of decentralized currencies and are going to want control over currencies. But it doesn't matters as Bitcoin will survive without them.

pathapoddo

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I don't think so government are think that bitcoin will control their share market and other economics market. So they are so scared. Also it will get the leadership of bank and other market.

PattersonRaquel

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Currently, bitcoin are banned in many countries, I do not understand why they banned, but they banned but users still use the bitcoin normally. I hope in the future after this will be legal in bitcoin all countries

muddy waters

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Quote from: mdyeatul on May 22, 2018, 07:11:41 AM

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?

Bitcoin has nothing to do with inflation. Many countries are afraid of bitcoin just because it prevents them from controlling the finances of their citizens and brings anonymity to transactions.

Vineeta2oct

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As much as we all want bitcoin to be legitimate in all the countries, it is very difficult because of its volatility and the fact that it can be easily manipulated by the whales at anytime.

Sanjeewa101

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No, It will never happen, Bitcoin is very volatile digital currency because Govt will never let to go whole money into Bitcoin. If It happens, County whole financial market can be danger some time

pabpete

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Quote from: Chainsmokers on July 01, 2018, 10:14:31 AM

Quote from: Bitkoyns on July 01, 2018, 09:54:11 AM

Quote from: kukurikapu on July 01, 2018, 09:50:36 AM

Quote from: mdyeatul on May 22, 2018, 07:11:41 AM

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?

People around the world soon will realize that bitcoin should be part of our growth and the economy's growth. And soon people will thank bitcoin for its existence. I hope that bitcoin will get accredited by all countries.

it is hard if there would no strong security, because for sure scamming and hacking will be there. But of course in reality there would be an innovation specially in the process that blockchain can do. many countries are planning to legalized crypto in their places.

thats right, the countries that initially oppose bitcoin have slowly started to study it and are likely to be accepted across the country, I really hope it happens.

There will always be those who will not like cryptocurrencies. Luckily, Bitcoin is independent and it can not be forbidden to use it. People will use it regardless of whether governments like it or not.

Chainsmokers

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Quote from: Bitkoyns on July 01, 2018, 09:54:11 AM

Quote from: kukurikapu on July 01, 2018, 09:50:36 AM

Quote from: mdyeatul on May 22, 2018, 07:11:41 AM

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?

People around the world soon will realize that bitcoin should be part of our growth and the economy's growth. And soon people will thank bitcoin for its existence. I hope that bitcoin will get accredited by all countries.

it is hard if there would no strong security, because for sure scamming and hacking will be there. But of course in reality there would be an innovation specially in the process that blockchain can do. many countries are planning to legalized crypto in their places.

thats right, the countries that initially oppose bitcoin have slowly started to study it and are likely to be accepted across the country, I really hope it happens.

CryptoLoverz

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I think not all countries are thinking like that. and I think that someday, surely all countries understand that cryptocurrency has many benefits for everyone. maybe countries that think bitcoin is dangerous, maybe they just understand bitcoin only from people. and they have not jumped right into studying bitcoin. they have only been assessing bitcoin from a negative angle alone, whereas many positive values of bitcoin can make a person earn income. so I think that in the future bitcoin will get the legitimacy of all countries.

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