Bitcoin will get legitimacy in all countries? - page 26.

Baraban66

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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 can create inflation in the country, but it can also create deflation. I believe that in a few decades, there will be a cryptocurrency in all countries.

ejswift

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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?

it depends on governments of different countries because there are some countries that dont trust or like bitcoin as their online money

Dukjila

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In Japan Bitcoin was recognized as a means of payment, that is, they were legalized, but not completely. ) By the way, they also introduced a ban on trading with a crypto currency with a high degree of anonymity.
They are afraid of theft or want to track history.
Yet the main advantages of crypto-currency are traditionally called, including decentralization and confidentiality. Huh

semediu

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Nothing can stop bitcoin, here to stay and digital currency is the future. The sooner governments around the world realize that the better for them.
Bitcoin and blockchain technology has many advantages. They can transform the existing financial sector in a good way so that it is more economical and faster so when the governments of countries realize this advantage.

KingOfWinterfell01

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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?

I believe one day the world will finally know bitcoins for what it truly is. It is just more than a get rich quick kind of investment but a chance for us to unify the world via a currency capable enough to reach even the poorest sectors of society. Bitcoins will be that legitimate.

ardibimbim

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From some sources in the media it is seen that this ban is due to government concerns in some countries will fraud taxes, worry about fraud Cryptocurrency, bitcoin hacking and avoid money laundering.
Much of the money states legalize bitcoin and I think it will develop, so bitcoin will achieve the legitimacy of all the countries of the world, and it will be a new history for the advancement of tenology that provides many conveniences and benefits for mankind.

pabpete

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Quote from: jayarbillones on June 07, 2018, 06:03:09 AM

for me i think the legitimacy of bitcoin will come sooner or later. But the governments of many countries will resist this process, since bitcoin is not under their control,some countries are already adopting the cryptocurrency , but others are still on the observation, but the people are aready joining bitcoin and other cryptos, using it and investing on it even their countries prohibit them from using it.

In South Korea, a polarized approach to cryptocurrencies prevail. With emphasis on taxing virtual currencies, regulation is under way and is expected to come in full circle by mid-June. Countries like China, Colombia, and Nigeria have seriously denounced Bitcoin’s ability to replace their legal tender.

jayarbillones

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for me i think the legitimacy of bitcoin will come sooner or later. But the governments of many countries will resist this process, since bitcoin is not under their control,some countries are already adopting the cryptocurrency , but others are still on the observation, but the people are aready joining bitcoin and other cryptos, using it and investing on it even their countries prohibit them from using it.

5hoop5

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Personally, I have doubts as bitcoin does not have a stable price, it is the decentralized crypto currency of the global digital economy that is not backed by any asset, is not provided with any fiat currency, and does not belong to any state of the world

bigdude

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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?

i don't this will happen as not much country want to deal with anonymous currency which they can't control or have good enough understand about it.
but with just some big countries like Japan, Korea, German, EU this will make huge things for crypto economy.

arguelles84

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The authorities themselves explain such restrictions by the fact that they see in the bitcoin a threat and connect electronic currency with criminal activity. Another reason, which the authorities themselves often do not call, is the desire to create their own crypto currency, which in the future can be called official.

KID_28

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It will be legit. It will, but not too soon. New generation government will be enlightened soon and will be willing to accept the technology it offers.

Seeker#9

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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?

That is a big possibilty if a country decided to legalized bitcoin and become one of their legal tender. Once the bitcoin became a widely currency in that country, their politician will also start using it to fund their party or election campaigns. They can also use the bitcoin to influence people, fund rallies and even the lobbyists in congress. And if the government won't impose a regulation on the crypto exchanges that operating in their area, some will use bitcoin illegally like money laundering. That money laundering can also use to fund some politicians and their party organizations.

CurrenCyTRR

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oh, it's unbelievable

Rj Manik

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Every country has some economic rules. If bitcoin wants to get legitimacy in all countries, then Bitcoin will have to follow all the economic rules. We have seen that Bitcoin does not match the economic rules of many countries.The government can not recognize the identities of Bitcoin transactions.It is unlikely that validity is possible.If Bitcoin authorities can reveal the identity of Bitcoin transactions, then Bitcoin may be more likely to get legal

Bitfling

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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?

I think its not true that bitcoin will increasing inflation on country. Bitcoin have different thing on supply with paper money, not like fiat money that always printed, bitcoin only have 21millions supply and no one can control that supply

Big Show

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It seems to be difficult to realize bitcoin to be legitimate in all countries because there are so many pros and cons to bitcoin. Each country has different thoughts and perspectives on bitcoin. We can not be that easy to force everything to have a common perspective.

Sevarchik

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Maybe in the far future. but now all countries has different low's and some of them cant accept btc how legit currency.
I think while early to legitimate btc in all world, price of btc not guaranteed

Olalomi

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Quote from: aryadiningrat123 on June 07, 2018, 12:11:58 AM

Not a bitcoin that will not be removed in all countries but I'm sure bitcoin will continue to persist in all countries and bitcoin will also be the currency of the country that can be used in our daily lives

Countries have divergent views about bitcoin while some countries welcomed the adoption of btc into their economies while others kicked against it because they sees bitcoin as a threat to their economies due to its decentralization, of course it is not possible for all countries to legitimates bitcoin.

dongyi17

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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?

Some of other country they used bitcoin as legit currency and used to transaction like payment in their bill, we dont know what happen in the future, hopefully many country accept bitcoin as a legit currency,, Just believe in bitcoin.

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