Topic: How far bitcoin can progress in the financial world without legal acceptance - page 4. (Read 781 times)
September 21, 2018, 01:29:55 PM
Even though bitcoin has not gained legal status in most of the countries,still it has got the trust of most of the people all over the world.That's why it manages to survive.
September 21, 2018, 01:14:04 PM
In my opinion, bitcoin will remain great alternative to all global currencies.
World governments or banks can't legally accept bitcoin because of legal protection and other issues but average users will always be able to exchange crypto to fiat.
World governments or banks can't legally accept bitcoin because of legal protection and other issues but average users will always be able to exchange crypto to fiat.
I hope that will happen and even if bitcoin doesn't become a mainstream currency in a level to replace fiat it should at least remain as a alternative currency but even to achieve such mission its path is filled with many problems and obstacles but like you have mentioned if the average user is with bitcoin nothing can stop from achieving that
September 21, 2018, 01:09:01 PM
Bitcoin already has an official status in Japan. I think if governments do not start a war against crypto currency, then bitcoin has a great future.
In the near future, another growth will begin
Right.Bitcoin still continue to grow as years passed by.It may not be a legit currency in most countries but i know few years from now,the government will finally recognize its potentials and benefits and will soon to adopt cryptocurrency.I believe bitcoin has really a bright future.It only needs time to be a mainstream or even an alternative payment system in all countries.In the near future, another growth will begin
soon, after they know and see what benefits of cryptocurrency and of course Bitcoin, they will want to use cryptocurrency for the new payment system and they will accept the cryptocurrency and make it legal as Japan. but cryptocurrency still younger and needs to develop as you said and there is a big chance to see cryptocurrency will be legal in all country and solve the financial for every people around the world. besides that, the adoption still needs to make cryptocurrency to grow more than today.
I think your mentioning about business adaptation is a major reason why bitcoin is rejected by many governments because if bitcoin has been used by many businesses even governments could see its benefits but that didn't happen. What has happen today is even it is a great digital asset the people who uses it only use to gain profits through investments so its qualities and features are in vain wasting between wallets and exchanges
September 21, 2018, 01:04:42 PM
In my opinion, bitcoin will remain great alternative to all global currencies.
World governments or banks can't legally accept bitcoin because of legal protection and other issues but average users will always be able to exchange crypto to fiat.
World governments or banks can't legally accept bitcoin because of legal protection and other issues but average users will always be able to exchange crypto to fiat.
September 21, 2018, 01:00:08 PM
Bitcoin already has an official status in Japan. I think if governments do not start a war against crypto currency, then bitcoin has a great future.
In the near future, another growth will begin
In the near future, another growth will begin
My main concern is about a one word you have mentioned that is war and a war against crypto and I hope that won't happen and I know how japan consider about bitcoin and other cryptocurrencies with an open mind but the rest of the world view towards crypto is much worse and i hope that will change too
September 21, 2018, 07:29:57 AM
really open to all cryptocurrency I think has not yet been invented, so it makes sense to watch the market
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September 20, 2018, 05:06:26 AM
Bitcoin already has an official status in Japan. I think if governments do not start a war against crypto currency, then bitcoin has a great future.
In the near future, another growth will begin
Right.Bitcoin still continue to grow as years passed by.It may not be a legit currency in most countries but i know few years from now,the government will finally recognize its potentials and benefits and will soon to adopt cryptocurrency.I believe bitcoin has really a bright future.It only needs time to be a mainstream or even an alternative payment system in all countries.In the near future, another growth will begin
soon, after they know and see what benefits of cryptocurrency and of course Bitcoin, they will want to use cryptocurrency for the new payment system and they will accept the cryptocurrency and make it legal as Japan. but cryptocurrency still younger and needs to develop as you said and there is a big chance to see cryptocurrency will be legal in all country and solve the financial for every people around the world. besides that, the adoption still needs to make cryptocurrency to grow more than today.
September 18, 2018, 06:24:26 PM
Bitcoin already has an official status in Japan. I think if governments do not start a war against crypto currency, then bitcoin has a great future.
In the near future, another growth will begin
Right.Bitcoin still continue to grow as years passed by.It may not be a legit currency in most countries but i know few years from now,the government will finally recognize its potentials and benefits and will soon to adopt cryptocurrency.I believe bitcoin has really a bright future.It only needs time to be a mainstream or even an alternative payment system in all countries.In the near future, another growth will begin
September 18, 2018, 05:54:02 PM
Bitcoin already has an official status in Japan. I think if governments do not start a war against crypto currency, then bitcoin has a great future.
In the near future, another growth will begin
Right.Bitcoin still continue to grow as years passed by.It may not be a legit currency in most countries but i know few years from now,the government will finally recognize its potentials and benefits and will soon to adopt cryptocurrency.I believe bitcoin has really a bright future.It only needs time to be a mainstream or even an alternative payment system in all countries. In the near future, another growth will begin
September 18, 2018, 04:54:02 PM
For me, Bitcoin is already accepted as a legitimate currency because its users can obtain goods and services through it, and every time there are more businesses enterprises that accept it as a payment method. The legality of bitcoin depends mainly on the user and that is where the political barriers are, which have the need to know who are the owners of these cryptocurrencies, where they are in the world and for what they use them in order to maintain control over the use of currency in illegal activities such as money laundering.
September 18, 2018, 07:07:12 AM
Bitcoin already has an official status in Japan. I think if governments do not start a war against crypto currency, then bitcoin has a great future.
In the near future, another growth will begin
In the near future, another growth will begin
September 18, 2018, 06:54:30 AM
Everyone know bitcoin is not a legal currency in the world and it has many limitations by the government. After that it is going on.Without government acceptance it is run through and its user increases day by day.
September 18, 2018, 06:28:54 AM
As long as it is not considered as "illegal" in most of the country I think there is no big deal, every new technologies starts in small community and time by time this community will get bigger and no one can stop it until it is known by most of the people living just like social media.
You think bitcoin has the ability to progress with the current world and I too believe that and I think bitcoin can expand more in the future but with a more acceptance from legal parties which we should wish that will happen in the future because bitcoins is the worlds first digital currency as we know and if it becomes legit it can open a whole new page in the world for cryptocurrencies and that is why I think achieving legit label for bitcoin is very important not just for it but to make a real difference
September 18, 2018, 03:09:42 AM
I believe Bitcoin is among the sustainable things out there that does not have to work with legal acceptance. As long as it does not cross the illegal border, it should be fine. I think there are a few parameters Bitcoin has to overcome should it seek global acceptance. It might give up some of its unique characteristics in the process, but I do hope that it can still be set apart from fiat.
But Bitcoin has been the same since its inception for most practical intents and purposes, right? So how exactly do you define "as long as it does not cross the illegal border"? As I see it, it is not and will never be Bitcoin's fault if it "crosses" that illegal border. This border is not defined by Bitcoin, whether it is legal or illegal is defined by neither the community not the devs behind Bitcoin. It is defined by people who essentially have nothing to do with Bitcoin other than declaring it "illegal". Which is to say, who is actually crossing the borders here?
September 18, 2018, 02:49:36 AM
I believe Bitcoin is among the sustainable things out there that does not have to work with legal acceptance. As long as it does not cross the illegal border, it should be fine. I think there are a few parameters Bitcoin has to overcome should it seek global acceptance. It might give up some of its unique characteristics in the process, but I do hope that it can still be set apart from fiat.
September 18, 2018, 02:22:31 AM
Just don't declare it illegal and we, as a community, can make them accept it. Governments, etc can only deny this for so long especially if the popularity and usage increases. We have the power to make this work, not 'them'...
September 18, 2018, 01:47:50 AM
As long as it is not considered as "illegal" in most of the country I think there is no big deal, every new technologies starts in small community and time by time this community will get bigger and no one can stop it until it is known by most of the people living just like social media.
September 18, 2018, 01:34:31 AM
Bitcoin has grown in value over the years, in adoption and mainstream acceptance, not so much.
Bitcoin of itself is not termed illegal, but it can easily be used for illegal activities.
And it offers total anonymity to the community. And is also decentralized. Which are qualities not usually associated with a financial symbol.
But this qualities can be applied in other areas of society that needs, transparency and decentralizatiom.
I believe gov'ts are more considered about how to apply the blockchain to other areas like conducting a poll, to an election. It can facilitate the transfer of information and commodities o
To any part of the world.
Bitcoin has gotten it's community who prefer the alternative currency. And I think k that's enough to push it up. How high, we shall see.
Bitcoin of itself is not termed illegal, but it can easily be used for illegal activities.
And it offers total anonymity to the community. And is also decentralized. Which are qualities not usually associated with a financial symbol.
But this qualities can be applied in other areas of society that needs, transparency and decentralizatiom.
I believe gov'ts are more considered about how to apply the blockchain to other areas like conducting a poll, to an election. It can facilitate the transfer of information and commodities o
To any part of the world.
Bitcoin has gotten it's community who prefer the alternative currency. And I think k that's enough to push it up. How high, we shall see.
September 18, 2018, 01:31:01 AM
Bitcoin cannot move on without legalization. Blockchain technology needs mass adoption otherwise it will not reveal its full potential.
September 18, 2018, 01:16:24 AM
How do you classify illegal and legal?
Why are you so concerned about the legality of Bitcoin?
What evidence do any goverment of a country has to prove Bitcoin is involved in illegal activity?
From 2009 till date Bitcoin and Blockchain technology has grown significantlly. I do not think Bitcoin need any kind of legal acceptance. Those who understand the concept and are aware about the Pros and Cons do not care about it. People are still investing and making profits.
This scenario of regulating Bitcoin has been created by the goverments in order to take control of the Cryptoworld. I am sure many members here will feel the same as I do.
Why are you so concerned about the legality of Bitcoin?
What evidence do any goverment of a country has to prove Bitcoin is involved in illegal activity?
From 2009 till date Bitcoin and Blockchain technology has grown significantlly. I do not think Bitcoin need any kind of legal acceptance. Those who understand the concept and are aware about the Pros and Cons do not care about it. People are still investing and making profits.
This scenario of regulating Bitcoin has been created by the goverments in order to take control of the Cryptoworld. I am sure many members here will feel the same as I do.
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