Topic: What would happen if Bitcoin became a legal currency? - page 42. (Read 33690 times)
If bitcoin will become a legal currency it will result for a massive adoption in almost business and most of the people in different countries will start using it and bitcoin will be part of daily life of an average person like most of the people will just use it as a payment in coffee shops,malls and other kind of common places which an average person go.
If bitcoin gets accepted in most of online and real stores then people who manage the fiat currencies will try to centralize the bitcoin as we see that there are many attempts from the big worldwide institutions nowadays.
Centralizing bitcoin is totally a shilly attempt as nobody can do it because bitcoin nodes are distributed worldwide and also if one company from one country try to run maximum nodes other from other countries will also increase the no of nodes making bitcoin network more stronger. Bitcoin is community driven, better to say driven by strong and large community.
legal market is easier to control, the more so after the withdrawal of a currency out of the shadow state budget will receive additional revenue in the form of tax payments from the financial and stock exchange transactions with Bitcoin.
Receiving Bitcoins official status allows exchange administrations to present specific claims of market participants that operate cryptocurrency in detecting violations. And stock exchanges to obtain licenses to trade Bitcoins must be registered as an automated market platforms.
Receiving Bitcoins official status allows exchange administrations to present specific claims of market participants that operate cryptocurrency in detecting violations. And stock exchanges to obtain licenses to trade Bitcoins must be registered as an automated market platforms.
If bitcoin gets accepted in most of online and real stores then people who manage the fiat currencies will try to centralize the bitcoin as we see that there are many attempts from the big worldwide institutions nowadays.
Centralizing bitcoin is totally a shilly attempt as nobody can do it because bitcoin nodes are distributed worldwide and also if one company from one country try to run maximum nodes other from other countries will also increase the no of nodes making bitcoin network more stronger. Bitcoin is community driven, better to say driven by strong and large community. 
Everyone would like the bitcoin is accepted in all online and real stores and, as as mentioned in the title, what would happen if Bitcoin became a legal currency?
If bitcoin gets accepted in most of online and real stores then people who manage the fiat currencies will try to centralize the bitcoin as we see that there are many attempts from the big worldwide institutions nowadays.
If bitcoin became legal currency, many people using that in many ways, also there are many future criminal use it for illegal transaction, and also the price of bitcoin will improve .
It is good to us who are now using bitcoin we have already an advantage and i think the price would be quitely stable if that will happen and also more stores start offering bitcoin as their mode of payment.
On every store bitcoin is acceptable and we pay our bills in bitcoin even we get our salary in bitcoin..And for sure bitcoin will reach a solid amount which is very helpful for the users of bitcoin.
It is good to us who are now using bitcoin we have already an advantage and i think the price would be quitely stable if that will happen and also more stores start offering bitcoin as their mode of payment.
On every store bitcoin is acceptable and we pay our bills in bitcoin even we get our salary in bitcoin..And for sure bitcoin will reach a solid amount which is very helpful for the users of bitcoin.
If Bitcoin became legal allot of things would happen because making it legal means that the government needs to have our information if we want to make use of it.
Most Bitcoin users would not like this because a reason why they are here is because of the fact that they not have to give out information.
Most Bitcoin users would not like this because a reason why they are here is because of the fact that they not have to give out information.
Everyone would like the bitcoin is accepted in all online and real stores and, as as mentioned in the title, what would happen if Bitcoin became a legal currency?
If bitcoin is become legal currency and accepted all over the world then almost everyone start working on bitcoin and the price of bitcoin also increase due to the demand of bitcoin in the market.
Everyone would like the bitcoin is accepted in all online and real stores and, as as mentioned in the title, what would happen if Bitcoin became a legal currency?
If bitcoin is become legal currency and accepted all over the world then almost everyone start working on bitcoin and the price of bitcoin also increase due to the demand of bitcoin in the market.
Everyone would like the bitcoin is accepted in all online and real stores and, as as mentioned in the title, what would happen if Bitcoin became a legal currency?
If bitcoin becomes a legal currency then the value of bitcoin will become stable. And wallets will no longer be anonymous and it will be monitored by amla. It will be regulated by the government and there will be guidelines and restrictions on the use and ownership of bitcoins. Bitcoin will be more secured and free if not less threatened by hackers and scammers.
Everyone would like the bitcoin is accepted in all online and real stores and, as as mentioned in the title, what would happen if Bitcoin became a legal currency?
If bitcoin becomes a legal currency then the value of bitcoin will become stable. And wallets will no longer be anonymous and it will be monitored by amla. It will be regulated by the government and there will be guidelines and restrictions on the use and ownership of bitcoins. Bitcoin will be more secured and free if not less threatened by hackers and scammers.
It is good to us who are now using bitcoin we have already an advantage and i think the price would be quitely stable if that will happen and also more stores start offering bitcoin as their mode of payment.
When bitcoins is accepted as a legal currency more people will start using it and the price will be volatile a couple of years before getting stable.
It is good to us who are now using bitcoin we have already an advantage and i think the price would be quitely stable if that will happen and also more stores start offering bitcoin as their mode of payment.
Simple, Many people will use it and they will forget about their doubt about bitcoin because it is legal and aside from getting more users, stores will adopt bitcoin to get more customers because it will be easier for their customers because all they need to do is to scan the barcode from the cashier and then pay the things that they buy 
. I believe that someday bitcoin will be legal all around the world so we will have a less hassle life 
.
. I believe that someday bitcoin will be legal all around the world so we will have a less hassle life .
If all country stated that bitcoin is a legal currency. Many people will curious and start using bitcoin and also it can make the price of bitcoin increase.
In my opinion, Specially I live in a 3rd world County. Which is Corruption is very rampant nowadays... I dont agree legalizing it our country... Politicians will take advantage of its anonymity feature. They can easily transfer their Ill gotten wealth easily, and it will be very hard to trace from the Government Tax Agency. I would say, let it be, for us to benefit i t and not them......
This will never happen as this would mean that world have a common currency. This means country currency fall down which no country would like to happen if you have bitcoin as the world wide accepting currency if it needs to happen.
The situation with uncertain legal status cryptocurrency leads to a decrease in business activity.
Those who work "in white" are afraid that it will be illegal and those who work "in the black", afraid of what would become legal. "
No business does not like uncertainty, particularly with regard to relations with the state.
Those who work "in white" are afraid that it will be illegal and those who work "in the black", afraid of what would become legal. "
No business does not like uncertainty, particularly with regard to relations with the state.
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