Topic: Which will be the first country who will accept bitcoin ? - page 2. (Read 3530 times)
USA would be the country will encourage bitcoin very soon. Compared to India, in america the leaders will think from the view of common man. So, they will let bitcoin grow like it deserve by it's nature. Financial regulations are worst in India, so definitely we can not expect India any positive progress with regarding to bitcoin.
I don't think a government is simply going to let people create their own legal tender. But then again, Osbourne has expressed interest in observing the impact of such an event happening.
Still, I think governance and regulation is still needed, and at the moment its still very much unclear how that will fit in around the Sterling which is actually very strong.
Still, I think governance and regulation is still needed, and at the moment its still very much unclear how that will fit in around the Sterling which is actually very strong.
re: bold
lol what do you propose?
Well the truth is that no country needs to accept Bitcoin for Bitcoin to succeed. All that they need to do is not ban it. Bitcoin doesn't need to become national currency, Bitcoin only needs to be a currency on the Internet.
As Andreas Antonopoulos has said, Internet finally has its currency, some 20 years later and together, Internet and Bitcoin are unstoppable. Internet is the only country that Bitcoin needs in my opinion.
As Andreas Antonopoulos has said, Internet finally has its currency, some 20 years later and together, Internet and Bitcoin are unstoppable. Internet is the only country that Bitcoin needs in my opinion.
you got the point, the first step from my point of view about bitcoin is to be the currency of internet, and IMHO bitcoins it is succeeding slowly on it, after it, i think there is no limits for bitcoin.
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Which will be the first country who will accept bitcoin ?
i dont know who will be, but be 100% sure that all the world will follow it closely (to the one who start using it ) to check how is going on with them by using the bitcoin, thats 100% sure, if they have success more will follow them. 
The UK has had some discussion over creating some digital currency for towns / scotland. And I believe there is already one town that has gone through with doing it albeit a very small one.
http://www.independent.co.uk/news/uk/politics/scotpound-scotland-urged-to-launch-new-digital-currency-10495223.html
http://www.independent.co.uk/news/uk/politics/scotpound-scotland-urged-to-launch-new-digital-currency-10495223.html
I don't think a government is simply going to let people create their own legal tender. But then again, Osbourne has expressed interest in observing the impact of such an event happening.
Still, I think governance and regulation is still needed, and at the moment its still very much unclear how that will fit in around the Sterling which is actually very strong.
The UK has had some discussion over creating some digital currency for towns / scotland. And I believe there is already one town that has gone through with doing it albeit a very small one.
http://www.independent.co.uk/news/uk/politics/scotpound-scotland-urged-to-launch-new-digital-currency-10495223.html
http://www.independent.co.uk/news/uk/politics/scotpound-scotland-urged-to-launch-new-digital-currency-10495223.html
Instead of thinking which country will accept bitcoin, the more likely scenario is that a country will likely create their own crypto-currency.
Possibly China seeing as though they have the largest % of miners in the world. Maybe their government would be too strict to allow it though.
It'll probably end up being a smaller country that nobody predicts.
It'll probably end up being a smaller country that nobody predicts.
My vote is for USA.
Technical things will be awarded first in USA. BitLicense is the first example for regulating bitcoin related things get involved with government. We should not expect a government will announce bitcoin as another national currency. We may expect government will not interfere even we get our salary in bitcoin.
Technical things will be awarded first in USA. BitLicense is the first example for regulating bitcoin related things get involved with government. We should not expect a government will announce bitcoin as another national currency. We may expect government will not interfere even we get our salary in bitcoin.
makes perfect sense, probably the easiest resort to ease their debt crisis, problem is the public's awareness of BTC and their concern of financial safety too
Yeah I guess you have a point there... Bitcoins volatile market price really is killing Bitcoin in general. If it stays around this $230-$240 price range for more than 6 - 8 months or so we might see an increase in adoption due to a new found secured price in it... But I doubt that will happen anytime soon since there are so many issues Bitcoin has to solve.
there are more issues regarding Greece that need to be solved, being part of the EU makes it somewhat dependand of the euro, they can opt out, but having strong allies in trade makes life so much easier than trying to get out of the hole themselves. They might starting to adapt bitcoin as a side coin, to grow stronger and when the EU has helped them out of their personal crisis have a basis to step out of the whole thing.
Greece will not be the first country to take on bitcoin as their currency, it is still a country and has it's own identity, with their own pride, a global currency will take away part of that identity, a countries own currency is something that builds patriotism and defines a country for most people.
Strange... not a single mention of Isle of Man in the entire thread. I'm not too familiar with the entity, are they not a nation? IIRC they do recognize BTC as their official currency.
makes perfect sense, probably the easiest resort to ease their debt crisis, problem is the public's awareness of BTC and their concern of financial safety too
Yeah I guess you have a point there... Bitcoins volatile market price really is killing Bitcoin in general. If it stays around this $230-$240 price range for more than 6 - 8 months or so we might see an increase in adoption due to a new found secured price in it... But I doubt that will happen anytime soon since there are so many issues Bitcoin has to solve.
makes perfect sense, probably the easiest resort to ease their debt crisis, problem is the public's awareness of BTC and their concern of financial safety too
Wouldn't it technically make sense for Greece to start accepting and using Bitcoin since the whole economy over there is just, well, turned to shit? If I were over there personally I would have ever since the banks started to go down.
I think that Britain would be the first country to accept bitcoin as an official currency since they always try to be the world financial hotspot, so they need to be innovative.
Hmm in the UK as far as I am aware there are a few small cafes that do accept bitcoin so u never know...
The amount of bitcoin atms that are becoming available is slowly growing too!
I don't see any of these countries using bitcoin officially to be honest.
I think that Britain would be the first country to accept bitcoin as an official currency since they always try to be the world financial hotspot, so they need to be innovative.
witch country do you thing will be the first who will accept bitcoin official money as payment?
As you can see in this scheme (sheet 2), the highest density of venues accepting Bitcoin are in Tampa and Kansas City, both USA.
In general, USA also has the highest number of users and venues on all territory.
Despite intuition, poor countries are not the first users that will gain access.
Poor countries have problems in buying a smartphone or a pc.
Other factors are more important, like tech savvy percent of population in example (that's why US is on top, together with Europe and other country with good income and instruction).
But I think that there will not be a real "first nation" adopting Bitcoin.
It will be a slow and steady adoption together in USA and Europe first probably, and following other countries like Argentina, Brasil, Mexico, countries that are not too poor but not rich either, and that have problems with their currency. The ones that are at high inflation but where population CAN actually buy a pc or a smartphone without collapsing.
A good case to examine is Greece: it's in Europe, it's not too poor, but despite this Bitcoin adoption in there is very very low. I think this is due exactly to poor pc penetration in the country: people are afraid of this "computer money" they can't understand, so they need more bashing before go and learn what Bitcoin really is.
Thanks for this. Would not think of Kansas City and Tampa as major centers for bitcoin venues.
probably those countries that will offer complete freedom for bitcoin, and not heavy regulation and taxation
USA is regulating it but it does not seems to grow well there, i'm inclined to believe that place like new york will be left behind in this competition of adoption
USA is regulating it but it does not seems to grow well there, i'm inclined to believe that place like new york will be left behind in this competition of adoption
I don't know exactly which of this countries will accept Bitcoin first, but i believe Bitcoin is growing up each day and many trusted companies use it already as payment method..The governments soon will be obliged to accept Bitcoin as real currency like Dollar, Euro and so on
I don't know which country would be the first but i do know it won't be my country (india) and does it really matter if any country accepts bitcoin as official payment method or not? i don't think so,because the purpose of bitcoin is already served that is bitcoin is decentralised 
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