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Topic: Bitcoin will get legitimacy in all countries? - page 36. (Read 2868 times)

member
Activity: 179
Merit: 10
I think when most of the countries has advanced enough and come to a point where all authorities is technology literate, they will come to recognize the legitimacy and potential of Bitcoin. In the future if Bitcoin and crypto became a norm, people would start using it in a daily basis, then the government would recognize such event and therefore adapt to it to conform to the wants of its people. That's when the government can accept Bitcoin and crypto.
newbie
Activity: 14
Merit: 0
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?
in my opinion bitcoin not affect the inflation in country and bitcoin is one of new payment method that virtual currency thats why bitcoin have a problem with legality in some country because several factor the price unstable and fluctuated, didnt have a physic form, etc
sr. member
Activity: 560
Merit: 250
it seems as if to say legitimacy for all countries seems bitcoin takes some time to be used for development so bitcoin can be used for everyone and bitcoin can be received in all countries requiring permission from some governments.
member
Activity: 167
Merit: 10
Getting legitimacy in all countries are good but as we know it is not highly possible to be legitimate in all countries. It cannot be done by technology, it will be done by the people who will accepts Bitcoin in their country and how it will be helpful to the people who's in the control of the law of our country. But some circumstances will show if it is good or bad to be legitimate the Bitcoin in our country.
member
Activity: 588
Merit: 11
Maybe some countries still do not believe in bitcoin, but I'm sure in the future they will start seeing bitcoin because of the development that is on bitcoin and they will receive bitcoin in the future.

These countries have centralized economies and they are used to control or monitor their currency to rein inflation and other  monetary matters. Cryptocurrencies like bitcoin are decentralized payment system which can't be control or monitor effectively by any government. Many of these government believe in bitcoin but they fear that bitcoin might be use in scam or money laundering in their countries once they allow it to be use by their people.
jr. member
Activity: 317
Merit: 1
It takes time and many processes for bitcoin to be or to achieve legitimacy in a country because especially government countries are always cautious in adapting new technologies or systems to their country. It is possible for bitcoin to have legitimacy in all countries but not as quickly as what we expect to happen
member
Activity: 163
Merit: 10
possible, because the current beliefs bitcoin will increase.
slowly all countries that previously did not accept bitcoin, they may soon be admitting bitcoin and give legitimacy.  Roll Eyes
Step by step and gradually, it will happen in the future. Time process will prove this possibility to be realized.Really, all people expect so much bitcoin to be accepted globally and get legitimacy from the government of all countries in the world.
newbie
Activity: 28
Merit: 0
Bitcoin is hard to control so I think many countries are still not open for it to be legitimate.May or may not affect its economy is a lot of study.
sr. member
Activity: 812
Merit: 250
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 guess not their are still a lot of country that will not adopt bitcoin in my opinion because they dont agree in the system or they just dont trust the system but even without them it doesnt mean that bitcoin will not be successcul because bitcoin will be a success surely a lot of countries are now starting to adopt bitcoin and starting to use it us a money 💰.
As of now bitcoin it's not at that point but it's starting to gain the respect of otherit countries. Once the system is accepted by manu countries it will get popular and the legitimacy that it is longing will be given. Adopting bitcoin is not that easy but worth a shot so let's wait for it to happen because that's what we want.
full member
Activity: 336
Merit: 107
Truly in not so distant future bitcoin will get authenticity in every one of the nations. Presently days numerous nations prohibited bitcoin as they think it is unsafe for their open. Be that as it may, however they prohibited it, individuals as yet utilizing it. After some time when the entire world will begin cryptographic money then they will likewise make bitcoin lawful in their nations
hero member
Activity: 1470
Merit: 555
dont be greedy
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?

long process and many conflicts will occur
as we know, big investors always look negatively about cryptocurrency
while the technological revolution must still occur
newbie
Activity: 46
Merit: 0
it's still hard that bitcoin will be accepted in all countries, but I'm sure Bitcoin will be recognized by all countries, if the Bitcoin security system is better than now.
newbie
Activity: 112
Merit: 0
Bitcoin is decentralized, and can not be managed by a government. maybe that's why the government does not legalize Bitcoin in the country, probably because they are afraid of Inflation if Bitcoin is legal in a country.

I agree. Maybe the government wants to control all the transactions of bitcoin so they can have access to it and can tax it. But since bitcoin is not centralized and they couldnt handle it, I think bitcoin
can never be legalized. But who knows what the future brings, right?
sr. member
Activity: 817
Merit: 250
The time taken for bitcoin to get legitimacy is what we should be looking at because it is certain that the whole world i going towards bitcoin and the blockchain technology in general, so the fact that it has to be accepted globally is not an issue to discuss. thanks

the development of the country toward blockchain technology is inevitable, but in the real case, many countries are still unable to keep up with these developments. there are also some countries that reject the development of blockchain technology for various reasons, there must be a deep study of this matter to make legal bitcoin.
full member
Activity: 630
Merit: 103
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?

Other countries still think that Bitcoin will just ruin their economy but with the everyday development in which more and more countries are now supporting Bitcoin existence in which majority of these countries are belong to the super power in talking of economy and military like USA, UK, CANADA, Russia, Japan, France, Germany and many more. I could say sooner or later most of the few countries that against Bitcoin will be attracted to support Bitcoin soon because those powerful countries will be the role model of Bitcoin after the time will pass.
jr. member
Activity: 364
Merit: 1
The time taken for bitcoin to get legitimacy is what we should be looking at because it is certain that the whole world i going towards bitcoin and the blockchain technology in general, so the fact that it has to be accepted globally is not an issue to discuss. thanks
sr. member
Activity: 1162
Merit: 251
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 guess not their are still a lot of country that will not adopt bitcoin in my opinion because they dont agree in the system or they just dont trust the system but even without them it doesnt mean that bitcoin will not be successcul because bitcoin will be a success surely a lot of countries are now starting to adopt bitcoin and starting to use it us a money 💰.
Yeah you're right there is not even a legalization, it doesn't mean bitcoin will die, development will continue but I am not hypocritical that legitimacy will make the development of bitcoin become faster, we don't know how response a country about bitcoin in the future, whether in legalized or not? because it is very likely the government bans for reasons detrimental to the state, and may well be legalized by the pressure of many people?
full member
Activity: 364
Merit: 100
PlayGame.com
for inflation is yes because the government can't trace the transaction from who and by who so I think maybe if the bitcoin transferred from another country with big amount can make inflation in that country
newbie
Activity: 154
Merit: 0
countries do not all legitimize, many countries are legitimate or not. has no effect on inflation in a country, inflation is not related to the way bitcoin works
jr. member
Activity: 210
Merit: 1
In my opinion, the price of BTC fluctuates continuously and people know the calculation will benefit because of that.

With the current popularity of bitcoin right now in all countries, I think bitcoin will start build legitimacy that people may thinks the good benefits of it. But it depends the adaption of each countries that helps bitcoin technology to developed and undergone such laws that brings bitcoin stands legally.
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