Bitcoin will get legitimacy in all countries? - page 31.

RedzoneASE

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TRONscratch.com

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?

Well, we are not hoping that those countries who does ban BTC will change and will embrace btc instead. In my mind its our loss and I know sometime they will be the one who willingly accept BTC.

sembilu

newbie

Activity: 57

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I think legitimacy depends not only on technology. It also depends on the acceptance of the concept and how it helps people within the jurisdiction of the state law, they do not want bitcoin there because they know that bitcoin brings harm to their citizens as well as to the economy due to the fact that the bubble of things and volatility can occur in bitcoin but what I think now is that the state should be able to support by making the rules, because with the existing regulations Bitcoin market situation can be much more stable, indeed if applied it must be done by many countries because if only part of the country then I am not sure it can be smooth, therefore I really hope for all countries to know bitcoin even further.

doodle07

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It will take a long time but we just need to be optimistic. Bitcoin can change the world's economy and us the way we live. Governments needs to learn different aspects and the possibilities that will affect each and every ones life. Hoping it will be a legitimate currency in the near future and encourage more to support crypto currency.

kucritt

full member

Activity: 616

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yes right now many people is not agree with bitcoin because it can't be tracked by government, it will make government doesn't know who ise the owner of bitcoin and the transactions in their country, it will make inflation if government can't manage it. for legitimade of bitcoin in all country maybe it will happen if we can find the solution of that problems

nursarjani

newbie

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To gain legitimacy from the government against bitcoin is very difficult, let alone the government until now still consider bitcoin not beneficial to the public finances. Moreover, the government can not fully control the bitcoin transaction because bitcoin is not centered on one company.

PatronRH

full member

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Bitcoin is not harmful when used the right way. It is a very powerful tool that can change the world's economy. And it will be legitimate as soon as countries find that out. Well at least the most powerful ones like the united states, china, germany.. and the rest if the worls will follow.

weiweianll

newbie

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Differences in cultural conventions and economic development between different countries and nationalities also have different attitudes towards BTC!
This difference will change with the development of BTC!
It takes a long time for new things to replace old things!

zhanyiguai261315

member

Activity: 392

Merit: 10

BTC has affected the financial order of many countries, and it is very difficult to supervise BTC.

Therefore, many countries in the world have different attitudes towards BTC, most countries affirm the legal status of BTC!

Those countries that prohibit BTC will gradually change their attitude towards BTD with the development of blockchain technology.

stil55

sr. member

Activity: 406

Merit: 250

Sooner or later, governments of countries should recognize the cryptocurrency as a new financial system that will give big economic benefits from the introduction of bitcoin and other cryptocurrency as a means of payment. But not all countries will immediately legitimize the cryptocurrency, at first cryptocurrency in those countries where there is democracy and then gradually other countries will begin to legalize crypto

macartem

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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?

Most likely Bitcoin will get all the legitimacy once. Because most of the governments of many countries are already using Bitcoin

azisdoank

newbie

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i think bitcoin will never be legal in any countries at all. The nature of Bitcoin makes it difficult to regulate and control the transactions that is being made. Bitcoin doesn't have anything backing it and the country cannot take any responsibility for the volatility of the coin and especially the poor and developing ones because their leaders fear that they would likely lose control of the people and they will lose it anyway, because Bitcoin is here to stay and instead of being harmful to any country, would rather liberate any country from the fangs of fiat currencies

Sandus_Cryptolover

jr. member

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It is just a misunderstanding of the purpose and technology if blockchain, the more reason some countries are afraid of it. But with time and mor awareness, more people will get to understand the technology proper.

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?

FiveReels

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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?

Somehow, It brings opportunity to one's country but in the opposite side, The big threats are the risk for investment and security for the government. It's not all countries will allow to legitimatized bitcoins.

Ahmadarwani56

newbie

Activity: 114

Merit: 0

yeah I think bitcoin will get legalization in every state .because the interest in bitcoin is increasing time to time .although now many countries still mem arguing about bitcoin.I think mem needs a long time to consider themselves digital currency of the country in the future.

RoryDennis

newbie

Activity: 156

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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 hope Bitcoin has become very popular in the world. I think it will take the government's legitimacy very soon.

HelenS

newbie

Activity: 70

Merit: 0

More and more countries are discussing bitcoin and are trying to change the financial policy by legitimization of crypto.

bitvalak

sr. member

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Merit: 267

SecureShift.io | Crypto-Exchange

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?

inflation is influenced by many factors, we can not accuse cryptocurrency of causing inflation in a country. Because of the economic gap factor is also very influential against inflation, then the increase in the price of goods will also affect. According to which I conclude the greatest fear of any number of states would be cryptocurrency is how to control the circulation quantity of cryptcurrency. That is the real strong reason in my opinion.

nyerok

member

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Merit: 12

seems to be able to get legitimacy in all bitcoin states takes a very expensive time because bitcoin still takes time to develop bitcoin in order to be accepted across the country.

SMD.Shuvo

newbie

Activity: 92

Merit: 0

I hope Bitcoin will get legality in all countries. Because of this it has become very popular in the world. I think it will take the government's legitimacy very soon.

StuartJonson

jr. member

Activity: 83

Merit: 1

The reason behind this may be it is internet based and they cannot control it.

Topic: Bitcoin will get legitimacy in all countries? - page 31. (Read 2868 times)