On the off chance that bitcoin becomes lawful worldwide, I am almost certain most will change over their fiat with BTC, and it will turn out to be hard for government and banks to follow that individual.
Keeping the bitcoin isn't protected, and simple your wallet can be taken with your misstep.
For instance, that you log in to your wallet somewhere and overlooked logout. At that point, anybody can get to your cash. You'll never reach that person.
Topic: The acceptance of cryptocurrency worldwide - page 2. (Read 1428 times)
Some of the business today too are already accepting the use of the bitcoin as a payment to their stores so they can transfer their funds immediately and pay the bills without hassle there is a chance too they will do this because now we need to make a physical. why it cant be use as one of payment method unless the merchants are aware of this risk and still willing to accept crypto despite of these issues. I think there's no need to push through crypto to be recognize like fiat, as long as many people are using it.
As bitcoin is a decentralized crypto currency, we are not able to control it. Many countries are adopting bitcoin as a legal currency and if we think about payment gateway, bitcoin is the best option at this moment.
What will you say when bitcoin transaction fee go up, is it still suitable to use bitcoin as a means of payment ?I'm not sure people will still use bitcoin as a mean of payment when the transaction fee reaches $10- $15 to pay $50 for an item purchased.
I also use bitcoin as a mean of payment for some transaction approved by the seller, but only if the transaction fee is 1-5 sat / byte. As fee increase, I prefer to use fiat or other low fee altcoin to pay for transaction.
If fees were cheaper there would be many more adopters and transactions going at this moment already, increasing marketcap and boosting bitcoin price even more.
Do you think it will be as easy as you have said, the central financial authorities will not allow cryptocurrency to enter into the mainstream of they financial economy this is because bitcoin has the capacity to make their traditional currency useless andthey can't control bitcoin in any way.
As bitcoin is a decentralized crypto currency, we are not able to control it. Many countries are adopting bitcoin as a legal currency and if we think about payment gateway, bitcoin is the best option at this moment.Bitcoin for us who are using it a very good thing. We can see it as a investment and opportunity but how about others who cannot understand how bitcoin works and what it is. We can say that this kind of idea has its own positive effects and negative effects. I think acceptinf bitcoin worldwide is a very strong and big move. Many country will takes time to adjust and learn how it works. Bitcoin might be a decentralized, unstable and risky thing but I guess if people will just learn how it works, it might give them also positive outcomes and might see it as a positive thing just like how we saw it.
As bitcoin is a decentralized crypto currency, we are not able to control it. Many countries are adopting bitcoin as a legal currency and if we think about payment gateway, bitcoin is the best option at this moment.
What will you say when bitcoin transaction fee go up, is it still suitable to use bitcoin as a means of payment ?I'm not sure people will still use bitcoin as a mean of payment when the transaction fee reaches $10- $15 to pay $50 for an item purchased.
I also use bitcoin as a mean of payment for some transaction approved by the seller, but only if the transaction fee is 1-5 sat / byte. As fee increase, I prefer to use fiat or other low fee altcoin to pay for transaction.
Do you think it will be as easy as you have said, the central financial authorities will not allow cryptocurrency to enter into the mainstream of they financial economy this is because bitcoin has the capacity to make their traditional currency useless andthey can't control bitcoin in any way.
As bitcoin is a decentralized crypto currency, we are not able to control it. Many countries are adopting bitcoin as a legal currency and if we think about payment gateway, bitcoin is the best option at this moment. If all countries can accepted crypto currencies in there various countries, as a means of payment and as a means of online exchanges, such as money is, money is anything use as a means of exchange and general acceptable. With the means I think all cryptocurrencies (bitcoin) will definitely go round the world, and will be use as a means of exchange. I will be so grateful to the creation of crypto currencies. This will also help our future generation, Remember something when we do international transfer across the countries, it may take a while to get the money to your local bank account, but with cryptocurrency you can get instant reflection if bitcoin etc is transfer to wallet,And you can make use of your coin (bitcoin ETC).
It would be a great way to introduce Cryptocurrencies to the public in that way but it would be adopted faster if one country would try a test run with it. A country that would take the risk of adopting it in a public manner which would enable their communities using it on a daily basis. They should also try and teach it at universities and companies because it would boost the credibility of the Cryptocurrency that they will be using.
Worldwide acceptance is still too low. There are a lot of problems with regulation and merchants adoption. And still, not so much people need it in general
Throughout history, the value of money has always been symbolic. In other words, it is a value that people give them and believe in its usefulness. Why should it be difficult for it to spread all over the world when Bitcoin now promises a fully decentralized, free monetary system. A long time ago, people were probably handling their transactions with the barter system. Look at the circumstances we are in now.
Bitcoin is on its way to being the most progressive, technologically advanced cryptocurrency. But it's imperative to first be aware of how blockchain works to truly understand the dynamic of cryptos. From careful observation of crypto trends, to studying bullish, soaring BTC price surge. Overtime there has been an increase in crypto assets and I myself have been interested due to its limitless opportunities.
There is acceptance of cryptocurrency already, it's not however widely accepted to every store. There are just playful companies like Tesla that is accepting BTC but it's hard for Apple or Amazon to accept BTC, these companies are not as a risk-taker as Tesla. Despite the number of times that BTC had been reported to be used widely and are accepted by companies, they are not open to venture. They will create their own coin instead just as Amazon had announced recently.
No question Bitcoin has potential to be worldwide currency,As bitcoin adjustment proceeds we seem see a part of stages of the managing an account framework that are as of now supporting bitcoin transformation that's really a great sign that bitcoin is being recognized around the world. Bitcoin innovation is progressive compared to fiat cash and it is really a huge hop but still not bolstered by a parcel of nations or government, but as bitcoin adjustment continues it is progressing to be simple for bitcoin we be utilized by a parcel of individuals.
Bitcoin transaction is secure and fast although Most the countries government will not allow bitcoin or any decentralised coin as their currency because they don't have control on it and They are unable to know the earning source and amount.As if bitcoin Is very secure so My bitcoins will be useless if I died and my family members or any of them cannot use it for them.So this process is not taking place.
Not all transactions made with bitcoin are secured. The acceptance of bitcoin worldwide is still a debate because of its volatility. Some countries accepts bitcoin as one of their payment method and currency for their living and some are not. Some side of the goverment does not want bitcoin to be legalized because it is taxless and they do not control it unlike what they can do with fiat currency.
Talking about taxless thing, it's all depends on the country itself and how they can deal with technology. A developed country tend to have some kind of method to tax people who trades cryptocurrency because their system is well structured and well thought. meanwhile most of the developing country even having a hard time dealing with non crypto user tax payer. It's definitely wrong to say that a country forbid the use or adoption of crypto because it's taxless which definitely is not true. Rather the country itself still many step behind in terms of technology.
If it continues like this, it will be inevitable for Bitcoin to be accepted worldwide. More payment companies, more financial companies, will accept Bitcoin in their transactions. Because Bitcoin technology is completely different. The tendency of banks to CBDCs will also be an important addition to Bitcoin acceptance.
Exactly what Bitcoin is all about though the issues must be addressed now are the increasing of Transaction fees , i believe that this is not really bitcoin meant , meaning that the speed is not that real concern but the privacy .and the freedom in our own Money.
I believe doing so will provide the good and bad. It will never be a win-win situation. Maybe it will, but it will take so much time for the whole world to adjust and accept cryptos.
It is a Win Win situation but of course won't happen instantly as everything must take time to grow and accept and bitcoin is not exempted on that process.Quote
It will mostly be a huge challenge for the whole world. I don't mean crpytos are doomed to fail because they already do wonders in modern technology. But its adoption might not happen as fast as initially expected. After all, it's trying to disrupt institutions and various markets that have been established for millennia.
Challenge is why we are all here , because of the belief that one day Bitcoin will be the currency of the world.
If it continues like this, it will be inevitable for Bitcoin to be accepted worldwide. More payment companies, more financial companies, will accept Bitcoin in their transactions. Because Bitcoin technology is completely different. The tendency of banks to CBDCs will also be an important addition to Bitcoin acceptance.
I believe doing so will provide the good and bad. It will never be a win-win situation. Maybe it will, but it will take so much time for the whole world to adjust and accept cryptos.
It will mostly be a huge challenge for the whole world. I don't mean crpytos are doomed to fail because they already do wonders in modern technology. But its adoption might not happen as fast as initially expected. After all, it's trying to disrupt institutions and various markets that have been established for millennia.
It will mostly be a huge challenge for the whole world. I don't mean crpytos are doomed to fail because they already do wonders in modern technology. But its adoption might not happen as fast as initially expected. After all, it's trying to disrupt institutions and various markets that have been established for millennia.
If all countries can accepted crypto currencies in there various countries, as a means of payment and as a means of online exchanges, such as money is, money is anything use as a means of exchange and general acceptable. With the means I think all cryptocurrencies (bitcoin) will definitely go round the world, and will be use as a means of exchange. I will be so grateful to the creation of crypto currencies. This will also help our future generation, Remember something when we do international transfer across the countries, it may take a while to get the money to your local bank account, but with cryptocurrency you can get instant reflection if bitcoin etc is transfer to wallet,And you can make use of your coin (bitcoin ETC).
But the sad thing is that we this can't happen overnight because we as crypto users must Help the adoption world wide .Let our voices tells our government how useful this is and how this beneficial to all of us, because they seems to be Deaf and not listening to what's the call of technology , we are in the computer age when people needed to use an easy and useful currency like Bitcoin and altcoins .
Still plausibility that it'll acknowledge before long but still right now we have to be take a few activities. A few of the nation still prohibited the utilize of the bitcoin and cryptocurrency. But a few of the nation are fair directing the utilize of the crypto a few of them utilized wallets that back the crypto and they set a impediment on it so they can make beyond any doubt there's no illicit activity like sending a expansive sum of reserves. Mostly commerce nowadays as well are as of now tolerating the utilize of the bitcoin as a installment to their stores so they can exchange their stores promptly and pay the bills without hassle there's a chance as well they will do this since presently we have to be make a physical removing or social separating to avoid spreading the contamination.
If all countries can accepted crypto currencies in there various countries, as a means of payment and as a means of online exchanges, such as money is, money is anything use as a means of exchange and general acceptable. With the means I think all cryptocurrencies (bitcoin) will definitely go round the world, and will be use as a means of exchange. I will be so grateful to the creation of crypto currencies. This will also help our future generation, Remember something when we do international transfer across the countries, it may take a while to get the money to your local bank account, but with cryptocurrency you can get instant reflection if bitcoin etc is transfer to wallet,And you can make use of your coin (bitcoin ETC).
Bitcoin is volatile mate but that depends on every company or country to accept Bitcoin as a mode of payment to goods and services. Still Bitcoin has been embraced as a mode of payment in some countries but local central banks might implemented regulations on local crypto exchanges same here in my country. 
if a person has 100 bitcoins and after that person dies without showing the family private keys and password, how will the family benefit from bitcoins?
Coincidentally, a friend and i had a similar discussion yesterday. If one considers telling family that he has 100btc in a wallet and gives out the private keys while still alive, what is the assurance that his btc will not be swindled?
I think a if I have a 100btc, the way to make my family benefit from this in a case where i die is to write down the private keys and put it in a safety deposit somewhere. And then include in my will, that access be granted to a certain member of the family to access the deposit box if i die.
Do you see this as a reasonable solution?
Unpopular opinion: Though there's zero doubt that it's better, Bitcoin doesn't need to be "accepted" by every country's governments and accepted by most merchants to be "successful".
Absolutely, it doesn’t just need mere acceptance by countries. Bitcoin is already successful, more success will depend on usage and per the value of bitcoin in recent times, you need no one to tell you that bitcoin is a success.We don't need acceptance or endorsement of any kind. But I would like the governments to leave cryptocurrency on its own, without much external interference. Almost all the users are willing to pay whatever taxes that are due on trading with cryptocurrency and a majority of them are willing to undergo the KYC process as well. For the honest governments, there is nothing to worry from cryptocurrency. However, the case may be different for those countries with highly manipulated markets and economy. In such cases, the citizens may use cryptocurrency as a store of value, and the government authorities may not be comfortable with such usage.
Not all country accepted the idea of bitcoin or in general, cryptocurrency. As I understand, one of the main issue or problem of cryptocurrency regarding the goverment is that, some politicians want to control the transactions made out of it. They want to put some high taxes to it so that they can or make profit out of it. Most of the payment online is made out of cryptocurrencies now. Cryptocurrency such a good idea of making transactions moreover in this situation what we are facing. It is more cashless so the virus might not spread throughly. Acceptance of bitcoin is a big idea that is more positive today and I can say that it must be accepted in many country or moreover in worldwide because it would be a great help to many people, company and however, country itself.
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