How to deal with the situation of non-recognition?

Dudeperfect

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Quote from: ekoice on May 20, 2017, 01:02:52 PM

Quote from: Dudeperfect on May 19, 2017, 07:37:38 AM

Hi,

Since my friends have an idea that I am associated with bitcoin and I transact in it, they send me the stuff from the media if they come across. In most of the media pieces, bitcoin is mentioned as 'bitcoin is an unrecognised currency' and at that point, the people misunderstand that if it's not recognised (legal) yet then it's definitely illegal. I am bit confused, how to deal with such situation?

Best
Dudeperfect

Your friends have misunderstanding about bitcoin.Any person when he first hears about such new currencies,they would definitely get doubt since we all have faced lots of scams before.So they relate it to bitcoins and think that bitcoin would also be the same.I think you too are less confident about bitcoin.You could see that japan being a technologically developed country has accepted bitcoin as a legal payment.In most european countries,you could see lots of people using bitcoins.Bitcoin would be the most used currency universally in future.

I absolutely agree with you but I am as confident about bitcoin as you, I am just worried about the perception which media creating with the current uncertain stand by the governments. Yes, japan has supported bitcoin and I am sure many countries will do it too. Probably I need to look up in this matter to get crystal clarity about it.

soul-impact

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Quote from: Pattberry on May 20, 2017, 02:12:42 PM

Quote from: cpfreeplz on May 20, 2017, 01:03:16 PM

If bitcoins are illegal in my country they'll be worth a hell of a lot more. So who cares. If the government makes something as free as bitcoins illegal them they're God damn communists. Ignore all of the bullshit and make your own decisions.

If bitcoin is really deemed illegal by a government then you have to be really careful if you are dealing with it because you might end up in trouble in doing so and most of the countries are accepting the technology and will start accepting it,it takes time for them to understand how these technology works and upon knowing everything every country will legalize it.

Currently, no country bans bitcoin. Bitcoin is like a underworld, it is not in the rules of many countries, or in other words, it does not exist even though it is used. This shows the freedom of bitcoin.

darkangel11

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Don't let others control your BTC -> self custody

To understand what's going on you have to realize why mainstream media have this or that attitude. Like why is it that they in general are against public freedoms and the right to carry weapons? Why the media hide the nationality of terrorists, cal bitcoin the money of hackers and black markets' without showing how useful it is?
If you see a presenter stating a fact, this fact has been discussed, assessed, voted and served on a platter (prompter) Cheesy

they usually say what is in their best interest, and bitcoin isn't. They aren't getting paid with it.

Pattberry

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Quote from: cpfreeplz on May 20, 2017, 01:03:16 PM

If bitcoins are illegal in my country they'll be worth a hell of a lot more. So who cares. If the government makes something as free as bitcoins illegal them they're God damn communists. Ignore all of the bullshit and make your own decisions.

If bitcoin is really deemed illegal by a government then you have to be really careful if you are dealing with it because you might end up in trouble in doing so and most of the countries are accepting the technology and will start accepting it,it takes time for them to understand how these technology works and upon knowing everything every country will legalize it.

Mbokani

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There is nothing you can do if your government does not recognize bitcoin and there is nothing illegal about it using it unless and until a governments comes up and says that it is illegal like some dumb countries have imposed upon bitcoin without knowing what it is.People who are not into bitcoin will search for the negatives and nothing else.

cpfreeplz

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If bitcoins are illegal in my country they'll be worth a hell of a lot more. So who cares. If the government makes something as free as bitcoins illegal them they're God damn communists. Ignore all of the bullshit and make your own decisions.

ekoice

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Quote from: Dudeperfect on May 19, 2017, 07:37:38 AM

Hi,

Since my friends have an idea that I am associated with bitcoin and I transact in it, they send me the stuff from the media if they come across. In most of the media pieces, bitcoin is mentioned as 'bitcoin is an unrecognised currency' and at that point, the people misunderstand that if it's not recognised (legal) yet then it's definitely illegal. I am bit confused, how to deal with such situation?

Best
Dudeperfect

Your friends have misunderstanding about bitcoin.Any person when he first hears about such new currencies,they would definitely get doubt since we all have faced lots of scams before.So they relate it to bitcoins and think that bitcoin would also be the same.I think you too are less confident about bitcoin.You could see that japan being a technologically developed country has accepted bitcoin as a legal payment.In most european countries,you could see lots of people using bitcoins.Bitcoin would be the most used currency universally in future.

Juggy777

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Quote from: Dudeperfect on May 19, 2017, 07:37:38 AM

Hi,

Since my friends have an idea that I am associated with bitcoin and I transact in it, they send me the stuff from the media if they come across. In most of the media pieces, bitcoin is mentioned as 'bitcoin is an unrecognised currency' and at that point, the people misunderstand that if it's not recognised (legal) yet then it's definitely illegal. I am bit confused, how to deal with such situation?

Best
Dudeperfect

Well lately since Bitcoin started getting lot of unwanted attention even I was left to answer all this questions, bit then I decided, it's simple to persons who are reasonable I will make them understand that law has not found them illegal, it's just not recognised. Then the monkey brained people, I just reply ok, or ya, I see. And I walk away there is no point in spending your time on them, let's get rich while they choose not to. And honestly stop explaining, just say I stopped, or I see, Ok you are right and move on.

SvenBomvolen

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The TV and things that have been told there not always truth. We had many cases of disinformation by the mass media. I also have heard that bitcoin is new financial pyramid which fell apart already. It was in 2010-11 years. From that time I heard a lot of different information, but I know the one thing - bitcoin is a life and we have to make money while it's so.

iluvpie60

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Bitcoin is considered legal currency in most places as it is. Some places treat it as a commodity instead. Others have no laws or rules against using it specifically.

soul-impact

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Quote from: Sniper44 on May 20, 2017, 09:39:33 AM

that is the media effect that will be with us for many years to come. many don't want to see bitcoin succeed because their profit is threatened. although if we want to be fair, this has been reduced a lot in the recent years. there was a time when most news was dark about bitcoin. now they are grey

Bitcoin is no longer excluded by governments, it is acceptable, and more user-friendly, its value is also increasing rapidly, which is great for bitcoin users.

arwin100

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Jack of all trades 💯

Quote from: Dudeperfect on May 19, 2017, 07:37:38 AM

Hi,

Since my friends have an idea that I am associated with bitcoin and I transact in it, they send me the stuff from the media if they come across. In most of the media pieces, bitcoin is mentioned as 'bitcoin is an unrecognised currency' and at that point, the people misunderstand that if it's not recognised (legal) yet then it's definitely illegal. I am bit confused, how to deal with such situation?

Best
Dudeperfect

Mostly people who doesn't know some certain things would think that your crazy but the thing you need to do is to ignore them since they doesn't know the bright side what bitcoins have and we can't blame them to think that bitcoin is illegal since it has been used by most of frauds to become their blood payments for their bad acts. And if you think you get annoyed for the real fact about that then the thing you need to do is to ignore those lazy thoughs about bitcoins since you know for yourself how usefull this coin for you.

Sniper44

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that is the media effect that will be with us for many years to come. many don't want to see bitcoin succeed because their profit is threatened. although if we want to be fair, this has been reduced a lot in the recent years. there was a time when most news was dark about bitcoin. now they are grey

Wendigo

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Are there online marketplaces that accept Bitcoin as a payment method? Yes there are. Are there offline businesses that accept Bitcoin as a payment method? Yes there are. I think of Bitcoin as a digital token of value and not currency at the moment but that doesn't make it illegal. It has value and people are interested to barter goods against that value. Heck you could buy stuff with other digital tokens like items from online video games and accumulated VIP credits in sportsbook websites. Does transacting in such ways make it illegal? I think not.

jc89

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Bitcoin as an unrecognized currency merely means that it is not yet a full-pledged currency. Legality is not of a big deal here. However, some might misinterpret the term as illegal just like OP said in the first place. We, bitcoin users, do not have to make this an issue for this is not a big deal at all. Bitcoin will find its way to become a real and full-pledged currency. We do not have to deal with this because all will be what it should be at the right time.

Ewox

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The best thing you could do is to ignore them, anyways you are not getting any benefits from them if they believe you or not. It may be illegal for some countries now because it is not recognized by the government but there are other countries too that doesn't see bitcoin as illegal too.

Kevin77

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Quote from: talkbitcoin on May 20, 2017, 06:53:25 AM

Quote from: Dudeperfect on May 19, 2017, 08:34:52 AM

Well, yes in many countries bitcoin is legal but in that case it is authorised and recognised by the governments in my country, government has not yet recognised the bitcoin in terms of law (not given legal status) thus it is misconception in minds of most of the people (thanks to the media) that it is illegal to use it.

well you can not change that. some people are just going to continue believing what they want to believe in.
but it doesn't hurt to check with the laws of your country, they may have said something and you are unaware of. for example go look for a website or something belonging to the police or something that has the laws in it and search to see what their stance is. you may find some interesting stuff.

Basically bitcoin does not need any recognition still many countries unveiled their stand and approved bitcoin as digital asset. When bitcoin dealings are happening among friends and known people and not touching bank involvements, I guess we can completely ignore that part of recognition by governments.

Still, new people may take more time to understand this part. But over time, the familiarity of bitcoin ecosystem will make them understood.

davis196

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Quote from: Dudeperfect on May 19, 2017, 07:37:38 AM

Hi,

Since my friends have an idea that I am associated with bitcoin and I transact in it, they send me the stuff from the media if they come across. In most of the media pieces, bitcoin is mentioned as 'bitcoin is an unrecognised currency' and at that point, the people misunderstand that if it's not recognised (legal) yet then it's definitely illegal. I am bit confused, how to deal with such situation?

Best
Dudeperfect

People are free to buy and sell bitcoins and it doesn`t matter if it`s recgnised or unrecognised by some
governments or central banks.
This confusion usually scares newbies and stop mass btc adoption.

talkbitcoin

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All I know is that I know nothing.

Quote from: Dudeperfect on May 19, 2017, 08:34:52 AM

Well, yes in many countries bitcoin is legal but in that case it is authorised and recognised by the governments in my country, government has not yet recognised the bitcoin in terms of law (not given legal status) thus it is misconception in minds of most of the people (thanks to the media) that it is illegal to use it.

well you can not change that. some people are just going to continue believing what they want to believe in.
but it doesn't hurt to check with the laws of your country, they may have said something and you are unaware of. for example go look for a website or something belonging to the police or something that has the laws in it and search to see what their stance is. you may find some interesting stuff.

Xester

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Quote from: Dudeperfect on May 19, 2017, 07:37:38 AM

Hi,

Since my friends have an idea that I am associated with bitcoin and I transact in it, they send me the stuff from the media if they come across. In most of the media pieces, bitcoin is mentioned as 'bitcoin is an unrecognised currency' and at that point, the people misunderstand that if it's not recognised (legal) yet then it's definitely illegal. I am bit confused, how to deal with such situation?

Best
Dudeperfect

It doesnt mean that if it was not recognized by the state it was already considered illegal. Actually it was the opposite, if the state recognizes it and define it as illegal then it will be illegal but if there was no recognition then it implies that there are no laws that impends the use of it. You can make Philippines as an example, the state has not made any declaration to accept and use of bitcoin but we Filipinos were not comprehended when we use it.

Topic: How to deal with the situation of non-recognition? (Read 1579 times)