The legalization of bitcoin. - page 9.

megynacuna

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Quote from: yrreg ger on October 30, 2017, 04:05:36 AM

Quote from: bhabygrim on October 30, 2017, 03:07:38 AM

Quote from: Lancusters on June 17, 2017, 05:44:28 AM

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

I think it's about time that they make bitcoin legal. I mean there is nothing wrong with bitcoin. Even some of the countries like Japan have already legalized and implemented it. So, I don't see anything wrong in using bitcoin.

Good to hear that, this will cause a good images of bitcoin and become popular in the future. Bitcoin is very beneficial on user cause it gives an opportunity in earning money using this, just like what happen in some countries (australia, japan, south korea and etc.) that their economy was already accepting the bitcoin due to the profits and income by the country.

That is coreect, bitcoin has helped a lot of economies like you mentioned without a legal backing whatsoever and so we don't necessarily need any legalization for it to become effective in our day to day lives.

btc_angela

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Quote from: faceoff97 on October 30, 2017, 04:56:45 AM

Quote from: Lancusters on June 17, 2017, 05:44:28 AM

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

The idea is so futuristic and fictional. The truth is you might find an unhabitable island but that belongs to a government, you cant just have it instantly. But that would happen in the future, this idea maybe use as an experimental way of identifying wether a crypto system society will work out. Once it work out, this may possibly be the start for each government to adapt with Bitcoin system. Well this project seems to be impossible but once work out, it will be a new season fir bitcoin.

I think this is a good plot for a movie. Grin

Seriously though we don't need that kind of effort to make bitcoin legal. If nations says its legal to them then its binding and legal, otherwise they are against it. We don't need to force them to accept bitcoin. Its their lost. And dump your idea, no one will take it seriously. No man is an island. And everyone will try to get a piece of the land, huge portion of the island. LOL. There will be fighting there.

faceoff97

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Quote from: Lancusters on June 17, 2017, 05:44:28 AM

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

The idea is so futuristic and fictional. The truth is you might find an unhabitable island but that belongs to a government, you cant just have it instantly. But that would happen in the future, this idea maybe use as an experimental way of identifying wether a crypto system society will work out. Once it work out, this may possibly be the start for each government to adapt with Bitcoin system. Well this project seems to be impossible but once work out, it will be a new season fir bitcoin.

yrreg ger

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Quote from: bhabygrim on October 30, 2017, 03:07:38 AM

Quote from: Lancusters on June 17, 2017, 05:44:28 AM

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

I think it's about time that they make bitcoin legal. I mean there is nothing wrong with bitcoin. Even some of the countries like Japan have already legalized and implemented it. So, I don't see anything wrong in using bitcoin.

Good to hear that, this will cause a good images of bitcoin and become popular in the future. Bitcoin is very beneficial on user cause it gives an opportunity in earning money using this, just like what happen in some countries (australia, japan, south korea and etc.) that their economy was already accepting the bitcoin due to the profits and income by the country.

taiwww

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Idea of piece of island is great.
But its only an idea in practise it is not possible.
All the islands of the world are owned by governments.
Regarding legal status of bitcoins, it depends on the rules and regulations of every country.
At the time of introduction all have opposed concept and operation of bitcoins.
But now after understanding its importance or benifits or may be popularity of bitcoins compelling the governments to accept them as it is.
Many governments have allowed bitcoin trades.
Japan is promoting bitcoin currency by opening bitcoin ATM`s.
Still communist countries like China and Russia are opposing they as they think bitcoin is a threat to their economies.
India is in confusing state, its had not banned trade or investments in bitcoins but warning citizens against its use. To obtain legal status for bitcpin in every country, the citizens must put pressure on their respective governments.

Kyon

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Quote from: Qiuyue201 on October 30, 2017, 03:20:34 AM

Quote from: Whosdaddy on October 30, 2017, 03:17:31 AM

Quote from: cryptokitty on October 28, 2017, 02:55:57 AM

Legalization is a very long process, we ard talking here about the whole world and not with a single nation. It is very hard but let us just take it in the positive way. May the legalization make BTC becomes useful and popular.

Many Asian countries have legalized it but again some of its big supporters like china and Russia have made some move against it in the past while they were big supporter of it once so it is difficult to say who is going to legalize bitcoin and who is not. Also, nobody knows for how long will a country support this currency but many businesses are accepting it and it has been praised by all great tech tycoons. The love of people for bitcoin is increasing and that is all what matters

China and Russia just temporarily against bitcoin, did you know the latest news regarding the cryptocurrency condition in Russia, they do make their own CryptoRuble. Russia make this to prevent from any crypto users avoiding taxes and you know what? It means that they do allow the usage of bitcoin as long the users always comply with the regulation and pay taxes.
same goes for china, the exchanges there are now already resumed and everything is going fine.

The same thing will be happened soon in Vietnam, the government is going to ban Bitcoin and cryptocurrency in next year cause they don't have enough ability to control Bitcoin to avoid it's taken advatage. In Vietnam, a lot of HYIP organizations are taking advatage of Bitcoin to scam people. Beside a lot of crime trying to use cryptocurrency to evade taxes.

Qiuyue201

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Quote from: Whosdaddy on October 30, 2017, 03:17:31 AM

Quote from: cryptokitty on October 28, 2017, 02:55:57 AM

Legalization is a very long process, we ard talking here about the whole world and not with a single nation. It is very hard but let us just take it in the positive way. May the legalization make BTC becomes useful and popular.

Many Asian countries have legalized it but again some of its big supporters like china and Russia have made some move against it in the past while they were big supporter of it once so it is difficult to say who is going to legalize bitcoin and who is not. Also, nobody knows for how long will a country support this currency but many businesses are accepting it and it has been praised by all great tech tycoons. The love of people for bitcoin is increasing and that is all what matters

China and Russia just temporarily against bitcoin, did you know the latest news regarding the cryptocurrency condition in Russia, they do make their own CryptoRuble. Russia make this to prevent from any crypto users avoiding taxes and you know what? It means that they do allow the usage of bitcoin as long the users always comply with the regulation and pay taxes.
same goes for china, the exchanges there are now already resumed and everything is going fine.

Whosdaddy

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Quote from: cryptokitty on October 28, 2017, 02:55:57 AM

Legalization is a very long process, we ard talking here about the whole world and not with a single nation. It is very hard but let us just take it in the positive way. May the legalization make BTC becomes useful and popular.

Many Asian countries have legalized it but again some of its big supporters like china and Russia have made some move against it in the past while they were big supporter of it once so it is difficult to say who is going to legalize bitcoin and who is not. Also, nobody knows for how long will a country support this currency but many businesses are accepting it and it has been praised by all great tech tycoons. The love of people for bitcoin is increasing and that is all what matters

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Quote from: Lancusters on June 17, 2017, 05:44:28 AM

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

I think it's about time that they make bitcoin legal. I mean there is nothing wrong with bitcoin. Even some of the countries like Japan have already legalized and implemented it. So, I don't see anything wrong in using bitcoin.

ivrynx

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i think bitcoin is legal on the first place, since there is no criminal activity behind, only people who uses bitcoin in illegal activities that's why bitcoin is being tagged as illegal, there are also a lot of scammers out there, that will say if you invest your bitcoin with them it will grow to 100% in a short amount of time and i think this is one of the reasons why governments declare hat bitcoin is illegal or banned in the or banned in their country, but if people will only use bitcoin not to take advantage of others, i think bitcoin will be legalized in all countries. there was once a company who are selling gold, if you joined them, i think they turned gold into a pyramiding scheme, but we don't see gold being banned from countries, possibly because people have accepted gold to be a currency or an asset, i think bitcoin will also go through that stage, wherein countries will accept bitcoin as currency and as an asset, hopefully those people who scam others will change their ways, since legalization of bitcoin by all countries, will benefit all, and i think that bitcoin having anonymity and being decentralized will not be a problem, a good example for this is japan.

trecore4

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Quote from: Lancusters on June 17, 2017, 05:44:28 AM

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

I don't think that will help as easy as we are depicting it here. I mean just imagine about the whole procedure for acquiring those islands. You will first need the government evaluation of the property and put some extra efforts in acquiring it first. How would you tendor that much money in first place and also why anyone would want to contribute to that piece if you don't have the legal possession in first place. What I mean is, you will have to purchase it from the government first and then you can do the further business the way you want it. But you will be taxed double, once for buying and second for selling. Lolz. That would be costly affair and dint know how everyone will react upon it.

bbcolex

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This will come a long way and obstacles to legalize bitcoin. Government alone will not let this happen , many will oppose with their own intentions and because this is actually a loss of control over the money flows from abroad. Some of them thinks that bitcoin has the risk of undermining monetary circulation and, of course, they will not allow or accept the use of cryptocurrency as a money substitute.

pathapoddo

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No,you can't. Every island has its own government. They will not give you to judge it.We have to wait for the world legalization opinion. I hope it will happen soon.

Yamifoud

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Quote from: dewi91 on October 28, 2017, 10:48:51 AM

some countries are legalization bitcoin it's enough for me.. I do not really hope bitcoin can be legalization in my country, during my country not banned bitcoin eventhough the goverment not recognize bitcoin and I still can using bitcoin it's no problem..

For me, there is nothing to afraid of making it legal. Because with this, it could give additional trust and confidence to the people who are investing bitcoin. Even though it happens that bitcoin is being legalize, it doesn't mean that the goverment will take control of bitcoin. Still bitcoin is decentralized.

megynacuna

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Quote from: corroze on October 29, 2017, 03:38:45 PM

Although bitcoin legality is needed for the ease and progress of bitcoin in the country in doing bitcoin transactions in the country because of course there will be various facilities about bitcoin services, but this is not too a priority for bitcoin users as long as they can still do bitcoin transactions well. Of course this is good enough.

I couldn't agree with you more, there is no need for a legal backing for bitcoin because we are able to do all the basic things with it without any failure or restrictions and so i don't see why we should subject ourselves to governmental interference for bitcoin to become effectual.

nethan1btc

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Quote from: corroze on October 29, 2017, 03:38:45 PM

Although bitcoin legality is needed for the ease and progress of bitcoin in the country in doing bitcoin transactions in the country because of course there will be various facilities about bitcoin services, but this is not too a priority for bitcoin users as long as they can still do bitcoin transactions well. Of course this is good enough.

Yes you're quiet right, but even if this is not priority of our bitcoin users in became legalized of our country is make us benifits also not just us, but all of us bitcoin users or not. Because the cashless payment will apply in that moment and it would be easy for everyone to shopping or buying good and others. I hope it will be apply in the Philippines so that we can compete in other countries who already legalized bitcoin, like canada, japan,Europe and other.

corroze

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Although bitcoin legality is needed for the ease and progress of bitcoin in the country in doing bitcoin transactions in the country because of course there will be various facilities about bitcoin services, but this is not too a priority for bitcoin users as long as they can still do bitcoin transactions well. Of course this is good enough.

coinfinger

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Quote from: darthmaul on August 17, 2017, 10:56:06 PM

Quote from: Arumi.Bilqis on July 05, 2017, 05:33:07 AM

I think bitcoin can not free itself, bitcoin need government that will guarantee bitcoin continuation, with bitcoin legality in every country better make bitcoin..

Thats not as easy as your speaking here. Letting government rule the bitcoin will make the bitcoin centralised asset for which government may levy different taxes and being trading asset it will have heavy taxes to acquire. There will be one more issue with this governance and thats the mining industry might just collapse. Just imagine mining is nothing but bitcoin printing machines according to government and that would be their potential target so they will start levying lot of amendments to make it more centralised. Currently anyone can mine from the home and I doubt if this will continue or not.

Bitcoin would be just another currency if they start regulating it and there are chances the price of bitcoin will fall to cents because nobody will like to get paid bitcoin with taxes and other charges. They will stop investing into it and that would be fall of bitcoins.

Well may be its true that bitcoin will not be legal some countries but I have a confusion here its working everywhere easily in any country its transition are also very fast and in some countries bitcoin have a credit card as well and I’m hundred present sure that all the intelligence agencies knows about bitcoin that its working in their country and it’s also true that in some countries bitcoin is already legal.

dewi91

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some countries are legalization bitcoin it's enough for me.. I do not really hope bitcoin can be legalization in my country, during my country not banned bitcoin eventhough the goverment not recognize bitcoin and I still can using bitcoin it's no problem..

cryptokitty

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Legalization is a very long process, we ard talking here about the whole world and not with a single nation. It is very hard but let us just take it in the positive way. May the legalization make BTC becomes useful and popular.

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