What is the future of bitcoin without powerful nations?

taufik123

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Quote from: Silberman on March 15, 2023, 01:35:25 PM

The concept of bitcoin is so revolutionary that even now people have troubles understanding it, while fiat currencies are created by those at the very top of the totem pole and the rest of the population has no option but to use them or be penalized, bitcoin is a currency which adopts the opposite approach, bitcoin receives its support from the people that use it as each one of us does so willingly, so while some support from the government would be nice, we do not really need it.

People who actually find it difficult to understand the revolutionary concept of bitcoin, are those who don't really care about bitcoin or those who think that bitcoin is just a parasite or an asset that won't be valuable in the future. and also because of bitcoin risk with high volatility.
Even though bitcoin implements technology that is needed by everyone.

Developed countries are starting to accept bitcoin but some developed countries are also banning bitcoin, this is due to the impact on bitcoin technology which is decentralized, cannot be regulated by anyone and is also too transparent.

Supported or not by a strong country, bitcoin will still grow as a revolutionary digital currency due to the support of a strong community.
The government can only prohibit it through the regulations they apply, and cannot stem the growth of bitcoin.

OpenCEX

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China doesn’t have much influence on BTC, because a lot of things related to crypto have long been banned there. Since then, their government’s actions and news on China’s underground crypto industry are no longer very negative.
And Africa is not a country at all, it’s a continent. There are 62 states. They can’t act in unison, either against or in favour of BTC.

super bako

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we are in an era where crypto is easy, it will make it easier for people to do anything, great scientists continue to develop trials to make this world a better place. maybe in the next 10 years there will be technology created from cyrpto or blockchain networks that will make us better. Elonk Musk is also interested in the crypto world and supports it

Silberman

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Quote from: Ludmilla_rose1995 on March 14, 2023, 01:21:37 PM

whether for the last 12 years, bitcoin depend on powerful countries? the answer is of course not, and that is what will happen in the next 10 or 100 years. bitcoin will continue to exist even without or with the support of a strong state because the bitcoin community itself is very strong.

The concept of bitcoin is so revolutionary that even now people have troubles understanding it, while fiat currencies are created by those at the very top of the totem pole and the rest of the population has no option but to use them or be penalized, bitcoin is a currency which adopts the opposite approach, bitcoin receives its support from the people that use it as each one of us does so willingly, so while some support from the government would be nice, we do not really need it.

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whether for the last 12 years, bitcoin depend on powerful countries? the answer is of course not, and that is what will happen in the next 10 or 100 years. bitcoin will continue to exist even without or with the support of a strong state because the bitcoin community itself is very strong.

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Quote from: Patrol69 on March 12, 2023, 08:50:34 PM

Bitcoin will never disappear from the market. Maybe powerful countries rejected Bitcoin for a while but people all over the world are accepting Bitcoin. You will find many countries in the world that have not legalized Bitcoin but are buying and selling Bitcoin in those countries. A few days ago a news broke that a home owner in Portugal will be selling his house through a Bitcoin transaction. This is really a very positive news. I think bitcoin will never end its existence rather bitcoin will take better position as time changes.

Although that's not new that there have been sales of properties that have been conducted through bitcoin we don't have the stats of it on what's the percentage of success rate from those sales. But other than that, if someone is willing to sell his house for bitcoin then that means that it's still under a government where the sale resides. It's true that even some countries don't like bitcoin and place some strict protocol of stopping transactions made from it, they just can't stop the people from other borders of the world that keeps on doing where they're free to do it as much as we can. The future of bitcoin isn't going to rely on the government because even if some legalities will not be made for its usage, people will still invest and use it no matter what the sanctions may be.

WillyAp

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Quote from: bitterguy28 on March 13, 2023, 12:36:49 AM

internet will never leave the world mate so expect this to exist even in your 5th generation , and of course the cryptocurrencies? though those project only that has potential future and updating will remain strong and serving people.

First thing what is damged in war is Telecom and such.

bitterguy28

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Quote from: GreenStox on March 06, 2023, 12:56:59 PM

in my opinion if the internet and digital currencies continue to develop and be used then bitcoins and altcoins will continue to exist and survive, just like money or goods that are commonly used, they will continue to exist when people need them.
not much different from bitcoin, and what I see from year to year bitcoin continues to rise.

internet will never leave the world mate so expect this to exist even in your 5th generation , and of course the cryptocurrencies? though those project only that has potential future and updating will remain strong and serving people.

I believe that of course the strong countries can still affect the existence of crypto but we must remember that we as people will have the strong part in this existence as we will continue to support and use.

Patrol69

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Bitcoin will never disappear from the market. Maybe powerful countries rejected Bitcoin for a while but people all over the world are accepting Bitcoin. You will find many countries in the world that have not legalized Bitcoin but are buying and selling Bitcoin in those countries. A few days ago a news broke that a home owner in Portugal will be selling his house through a Bitcoin transaction. This is really a very positive news. I think bitcoin will never end its existence rather bitcoin will take better position as time changes.

Silberman

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Quote from: el kaka22 on March 10, 2023, 04:09:29 PM

There will always be powerful nations that will support it. If for nothing else, just one big nation disliking it would be enough for the other power to take it up just to spite the other one. Lets assume USA says bitcoin is terrible, Russia and China will say it's awesome, if they say it's terrible, USA will say it's awesome.

Basically there will always be powerful nations that hate each other, the most powerful nation in the world position is always up for grabs and everyone tries to get it, and that is why I have to say that it is not going to be simple for everyone to hate it at the same time, there will be at least one of them that will accept and like it.

Exactly, every single government out there is looking at their own interests and even if somehow the most powerful countries around the world could come to an agreement and banned bitcoin there will be many smaller countries that will be willing to adopt it and receive all kind of investments because of this decision, so there will always be some countries willing to break the ranks and accept bitcoin even if this means receiving some heat by those powerful countries.

el kaka22

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There will always be powerful nations that will support it. If for nothing else, just one big nation disliking it would be enough for the other power to take it up just to spite the other one. Lets assume USA says bitcoin is terrible, Russia and China will say it's awesome, if they say it's terrible, USA will say it's awesome.

Basically there will always be powerful nations that hate each other, the most powerful nation in the world position is always up for grabs and everyone tries to get it, and that is why I have to say that it is not going to be simple for everyone to hate it at the same time, there will be at least one of them that will accept and like it.

saladin7000

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I think even without a strong country bitcoin will still develop because bitcoin is a digital currency whose existence is only in cyberspace, this can be seen even though almost all countries prohibit bitcoin from developing in their country but it doesn't make bitcoin grow stop, even the opposite as time goes by, bitcoin is increasingly in demand and growing rapidly,

jacafbiz

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I believe by now a ban on Bitcoin is good for Bitcoin because this just proves what Bitcoin stands for, as long as you have internet you are good to use Bitcoin. initially, the ban may affect the price because the fiat gateway is going to be disturbed or blocked but with time people will find a way around it mid to long-term it is very good. Almost all nation-states ban drugs and you can see the demand keeps increasing and so is the price.

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Quote from: JamesBorn on March 09, 2023, 07:01:30 PM

Bitcoin is not own by anyone. Capitalist are rather gaining from investing in btc, is on their account of losing because btc has monopoly of market not determined my countries but individuals of the world but talking about bans, restrictions and rejection it may sounds like a hit for a period of time especially this down threads season but is normal because this capitalist nations and individuals are very profit oriented and calculative, they will still come along by the time they heard the juicy hours approaching, they will pull back their resources or capital investment into btc project because they always think about interest and profits. And most of them were make more richer because of bitcion. Bitcion is not going anywhere.

yes I agree with your opinion, there is no ownership of bitcoin except individuals who have a lot of money and can invest in it, talk about bans, restrictions and denial only for countries whose economy has been established for a long time and are afraid that bitcoin can affect the sector of the economy that they form, and I think this will be an advantage for countries that will become new objects from a tax perspective.

WillyAp

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Quote from: ichsan ardi on March 10, 2023, 09:20:01 AM

I will continue to bitcoin whatever happens I'm sure many countries will recognize the bitcoin side and accept bitcoin as a means of payment in the country there are even several countries that already support bitcoin for example: El Salvador, Japan, Switzerland, the United States is the one that recognizes bitcoin I believe bitcoin will change the future.

Bitcoin is great to store value, litecoin is great in pasing it on, paying with it, 3 Minutes it took me to pass on ltc to another wallet.
The biggest issue is that people generally do not know how to install, maintain a wallet. So they rely on exchanges.

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Quote from: Blisszi on February 19, 2023, 10:09:12 AM

I guess bitcoin is suffering price depreciation because of most renowned countries like China, US and Africa demoting it values with their economy influence. Most of this nations shares on bitcoin are on high pedal, since they withdrew from investing their state capital and refused to support the existence of bitcoin, the price has not seen a better chance of pumping soon.

In future, it might be different but what if this nations keep strong kicking against bitcoin without reprojected their economy resources, will bitcoin survive for a long time?

What do you is the future of bitcoin at this point?
Do nations or people have power over bitcoin price regulations?
What is your speculation if bitcoin keeps revaluing in price?
Do you see a good outlook soon?
Let's argue your points.

I will continue to bitcoin whatever happens I'm sure many countries will recognize the bitcoin side and accept bitcoin as a means of payment in the country there are even several countries that already support bitcoin for example: El Salvador, Japan, Switzerland, the United States is the one that recognizes bitcoin I believe bitcoin will change the future.

JamesBorn

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Bitcoin is not own by anyone. Capitalist are rather gaining from investing in btc, is on their account of losing because btc has monopoly of market not determined my countries but individuals of the world but talking about bans, restrictions and rejection it may sounds like a hit for a period of time especially this down threads season but is normal because this capitalist nations and individuals are very profit oriented and calculative, they will still come along by the time they heard the juicy hours approaching, they will pull back their resources or capital investment into btc project because they always think about interest and profits. And most of them were make more richer because of bitcion. Bitcion is not going anywhere.

Tellek Garing

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Quote from: WillyAp on March 05, 2023, 02:58:03 PM

Quote from: Anonylz on March 05, 2023, 02:56:49 PM

I would say the future of btc will be as good even without the powerful countries support.

Only if internet keeps existing. Not to betaken for granted IMHO.

In today's digital age, the internet serves as a vast repository of information that is almost unparalleled in its scope and scale. It is also the backbone of numerous financial systems, including Bitcoin, which are reliant on its robustness and availability. As such, any event that would bring the internet to a halt would have dire consequences for the world as we know it.
It is worth noting that Bitcoin was not created by governments, but rather emerged as a response to the financial fraud that had become rampant within traditional financial institutions. Despite being largely independent of government control, Bitcoin has managed to thrive and grow exponentially in recent years, signaling a shift in the way we think about financial transactions and systems.
Given its decentralized and autonomous nature, it is unlikely that governments will be able to exert significant influence over Bitcoin in the foreseeable future. However, as with any emerging technology, there are bound to be challenges and obstacles along the way, and it remains to be seen how Bitcoin will adapt and evolve in the face of these challenges.

Silberman

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Quote from: summonerrk on March 08, 2023, 10:34:42 AM

At the same time, the Chinese government absolutely clearly shows to what extent it wants to control its people - this is total control. And of course Bitcoin with its anonymity goes against these aspirations of the Chinese government. But the United States does not show this so clearly, but since the dollar is an unsecured Paper, it is obvious that they do not want to lose its magical power over the world.

The Chinese model is bound to fail as people by nature want to have freedom and a totalitarian state will always be against it, so despite how powerful China may look on the outside it will eventually decay from inside and fall, the US model is slightly better as it retains the illusion of freedom for their people, but they still want to achieve the same as the Chinese, however it seems they are slowly realizing that no matter what they do bitcoin can resist all their attacks.

summonerrk

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Quote from: Xampeuu on March 07, 2023, 11:28:09 PM

Quote from: summonerrk on March 07, 2023, 08:16:40 AM

Quote from: Blisszi on February 19, 2023, 10:09:12 AM

I guess bitcoin is suffering price depreciation because of most renowned countries like China, US and Africa demoting it values with their economy influence. Most of this nations shares on bitcoin are on high pedal, since they withdrew from investing their state capital and refused to support the existence of bitcoin, the price has not seen a better chance of pumping soon.

In future, it might be different but what if this nations keep strong kicking against bitcoin without reprojected their economy resources, will bitcoin survive for a long time?

What do you is the future of bitcoin at this point?
Do nations or people have power over bitcoin price regulations?
What is your speculation if bitcoin keeps revaluing in price?
Do you see a good outlook soon?
Let's argue your points.

I think that big countries such as China and the USA are afraid to use bitcoin as one of the main payment systems because their economies have been formed for a long time, the order has been established, whether it is honest or not. And bitcoin can shake this order, since this cryptocurrency carries the idea of freedom. And in the future, the economic sector of countries may cease to exist because of bitcoin.

they want to be in control of the whole world, with bitcoin there is no transaction distance between countries, and of course USD or yuan doesn't matter anymore, that's a possibility that made china ban bitcoin, but even so there are still many countries that accept it even though they don't legalize it, because of course it can become a new tax object for a country, and of course they can't stop bitcoiners in that country, so many countries take advantage of the tax sector. so that in the future more and more bitcoiners will come and they are already prepared

At the same time, the Chinese government absolutely clearly shows to what extent it wants to control its people - this is total control. And of course Bitcoin with its anonymity goes against these aspirations of the Chinese government. But the United States does not show this so clearly, but since the dollar is an unsecured Paper, it is obvious that they do not want to lose its magical power over the world.

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