Why bitcoin is not supported in some countries? - page 121.

Schuyler

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Quote from: cryp24x on May 02, 2017, 10:13:43 PM

Quote from: Kizaki on May 02, 2017, 09:57:20 PM

Not the thing of being risky its the thing that unders leglity issues that stopping other country to use bitcoin and totally banned and whipe it out of their country.Some thinks that this may lead to huge terrorism due to anonymous transactions

Most of this case is either lack of knowledge about bitcoin or paranoia. We all know any thing can be used to support terrorist, even a minerals can be used to support it, so they should not blame Bitcoin and not support it due to the reason that it can be used to support terrorist activities, if that so then why not ban fiat money since they too are being used to support this activity of terrorism.

Bitcoin is still relatively unknown in most parts of the world. Even in urban areas, you wouldn't really hear much news about it, much more on far flung areas where internet connectivity is an issue. There was a time when only bad news about bitcoin would be broadcast by mainstream media so the stigma is there. But things are definitely improving with more people getting interested with bitcoin because of the recent performance.

Reid

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Quote from: cryp24x on May 02, 2017, 10:13:43 PM

Quote from: Kizaki on May 02, 2017, 09:57:20 PM

Not the thing of being risky its the thing that unders leglity issues that stopping other country to use bitcoin and totally banned and whipe it out of their country.Some thinks that this may lead to huge terrorism due to anonymous transactions

Most of this case is either lack of knowledge about bitcoin or paranoia. We all know any thing can be used to support terrorist, even a minerals can be used to support it, so they should not blame Bitcoin and not support it due to the reason that it can be used to support terrorist activities, if that so then why not ban fiat money since they too are being used to support this activity of terrorism.

Very right.
Before they have used gold or diamonds as a means of trade for weapons and other military stuffs.
They just want to blame it into bitcoin just because it is not traceable but it is all wrong.
Just like you said it is the fiat money which is more used for this transaction specially USD which is the famous for every country.
They all want that dollar.

cryp24x

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Quote from: Kizaki on May 02, 2017, 09:57:20 PM

Not the thing of being risky its the thing that unders leglity issues that stopping other country to use bitcoin and totally banned and whipe it out of their country.Some thinks that this may lead to huge terrorism due to anonymous transactions

Most of this case is either lack of knowledge about bitcoin or paranoia. We all know any thing can be used to support terrorist, even a minerals can be used to support it, so they should not blame Bitcoin and not support it due to the reason that it can be used to support terrorist activities, if that so then why not ban fiat money since they too are being used to support this activity of terrorism.

iamTom123

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Quote from: crwth on April 23, 2017, 10:10:54 PM

Quote from: thend1949 on April 23, 2017, 10:08:31 PM

Every country has a law and has regulations to be followed.Maybe the one who is leading a country that banned or give punishment if people uses bitcoins dont like or see bitcoins as a threat to his country.

Maybe the leader himself is not open to changes or open to innovations because Bitcoin has changed the way transaction works and how it possibly can change how we transfer money from one place to another.

This can be true and this is quite expected. We should not expect everybody to embrace new changes especially when it comes to financial infrastructures like what Bitcoin in particular or cryptocurrency in general can be bringing on the table. Change can take some time. As they say, Rome was definitely not built in a day.

One big reason why there are those who resist and oppose Bitcoin is because this is not issued by any power and is not really backed by any tangible assets like gold or any metal for that matter. Bitcoin is representing a new paradigm which has no role model in the past. Partly, using this view, one can say that Bitcoin has its own risks embedded in itself.

In the coming years, we can witness how Bitcoin can go mainstream and be really adopted on a global scale. However, as in the study of human nature, we are not also sure if there would be an intervening event along the way that can change the trajectory of the Bitcoin growth...people can only analyze and even predict but the actual events can be beyond our own hands.

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Not the thing of being risky its the thing that unders leglity issues that stopping other country to use bitcoin and totally banned and whipe it out of their country.Some thinks that this may lead to huge terrorism due to anonymous transactions

SoulBargain

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Quote from: batang_bitcoin on May 02, 2017, 05:52:11 PM

Quote from: Barbut on May 02, 2017, 02:35:48 PM

Quote from: batang_bitcoin on May 02, 2017, 02:23:00 PM

Those countries are just scared on what will be the possible result if they are going to let bitcoin as a method of payment to them. Because it is uncontrollable and they don't have powers to make movement on it's value. If they will going to let it enter their economy, it's either their economy will be manipulated by a single whale.

Bitcoin is getting out from anonymity very fast and couple countries already have some laws about bitcoin. Bitcoin is traceable and we can`t hide so much, government can find a way to control us, for more anonymity there is some other coins, and that is what I read around the forum, which coin provide most anonymity monero, or zcash.
Bitcoin is not supported by those who do not accept technology and future, that will change with time, new generations are coming that knows much more then old conservative people.

Bitcoin is bitcoin and this is already backed up by too many investors and users, although if XMR and Zcash are being considered as that anonymous. Then people will still remain to bitcoin as it is the one that has enough investors, we know that many people are loving the way it is being used for investment and currency and for other countries, they really don't like that because of those said factors.

Like Russia who banned Bitcoin due to its qualities which they can't monitor or seems like it is outside of their reach but now they take a U-turn with their standing regarding Bitcoin and to other cryptocurrencies which they see a potential in it that can help and benefit them. Japan also have recognized and legalizing the use of Bitcoin. The point on this is that it is possible for other countries to accept Bitcoin and might as well see the potentials it has and use it rather than waste it.

batang_bitcoin

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Quote from: Barbut on May 02, 2017, 02:35:48 PM

Quote from: batang_bitcoin on May 02, 2017, 02:23:00 PM

Those countries are just scared on what will be the possible result if they are going to let bitcoin as a method of payment to them. Because it is uncontrollable and they don't have powers to make movement on it's value. If they will going to let it enter their economy, it's either their economy will be manipulated by a single whale.

Bitcoin is getting out from anonymity very fast and couple countries already have some laws about bitcoin. Bitcoin is traceable and we can`t hide so much, government can find a way to control us, for more anonymity there is some other coins, and that is what I read around the forum, which coin provide most anonymity monero, or zcash.
Bitcoin is not supported by those who do not accept technology and future, that will change with time, new generations are coming that knows much more then old conservative people.

Bitcoin is bitcoin and this is already backed up by too many investors and users, although if XMR and Zcash are being considered as that anonymous. Then people will still remain to bitcoin as it is the one that has enough investors, we know that many people are loving the way it is being used for investment and currency and for other countries, they really don't like that because of those said factors.

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Some countries want to have full control of the economy, they don't want some other currency that they cannot control.
If we look at this wikipedia article, we can see that for example Bangladesh has made Bitcoin strictly illegal because of the country's strict anti-money laundering laws.

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Quote from: cafucafucafu on May 02, 2017, 03:25:09 PM

Quote from: Hobo66 on May 01, 2017, 01:29:52 PM

Bitcoin is an anonymous currency and I dont think theirs any law about supporting it in countries
Bitcoin can be used worldwide almost by anyone who knows to get around with it.

Why do you think that anonymousness of the bitcoin is also a roadblock for its path?
I dont see any way in how could something like that be harmful for the idea that the goverments will adopt bitcoin and other cryptocurrencies. If there are so many people using it, then why should it be made illegal?
Another important thing is that bitcoin gives a lot of different opportunities for normal people, plus it is a way to pay our bills, buy goods etc. without using banking system, just simple peer-to-peer payments.

Why do we need to use some bank services, If there is a possibility to speed up the things a lot? I dont see any point, unless the transactions will get confirmed in such a long time like we have right now.

No one will promote Bitcoin except the users themselves, because a simple person does not need it at all. All people are happy with the fact that they can use bank services with credit cards and real money. They would be very outraged If they were forced to do something on the Internet using Bitcoin.

cafucafucafu

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Quote from: Hobo66 on May 01, 2017, 01:29:52 PM

Bitcoin is an anonymous currency and I dont think theirs any law about supporting it in countries
Bitcoin can be used worldwide almost by anyone who knows to get around with it.

Why do you think that anonymousness of the bitcoin is also a roadblock for its path?
I dont see any way in how could something like that be harmful for the idea that the goverments will adopt bitcoin and other cryptocurrencies. If there are so many people using it, then why should it be made illegal?
Another important thing is that bitcoin gives a lot of different opportunities for normal people, plus it is a way to pay our bills, buy goods etc. without using banking system, just simple peer-to-peer payments.

Why do we need to use some bank services, If there is a possibility to speed up the things a lot? I dont see any point, unless the transactions will get confirmed in such a long time like we have right now.

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Quote from: Blitzboy on May 02, 2017, 12:19:46 PM

Quote from: Hobo66 on May 01, 2017, 01:29:52 PM

Bitcoin is an anonymous currency and I dont think theirs any law about supporting it in countries
Bitcoin can be used worldwide almost by anyone who knows to get around with it.

I do agree with you. The government will never accept these kinds of currency because the people will become 90% anonymous and they can never collect tax from the citizens. Moreover, bad people can use Bitcoin for illegal activities

Quote from: batang_bitcoin on May 02, 2017, 02:23:00 PM

Those countries are just scared on what will be the possible result if they are going to let bitcoin as a method of payment to them. Because it is uncontrollable and they don't have powers to make movement on it's value. If they will going to let it enter their economy, it's either their economy will be manipulated by a single whale.

Bitcoin is getting out from anonymity very fast and couple countries already have some laws about bitcoin. Bitcoin is traceable and we can`t hide so much, government can find a way to control us, for more anonymity there is some other coins, and that is what I read around the forum, which coin provide most anonymity monero, or zcash.
Bitcoin is not supported by those who do not accept technology and future, that will change with time, new generations are coming that knows much more then old conservative people.

batang_bitcoin

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Quote from: Hobo66 on May 01, 2017, 01:29:52 PM

Bitcoin is an anonymous currency and I dont think theirs any law about supporting it in countries
Bitcoin can be used worldwide almost by anyone who knows to get around with it.

Those countries are just scared on what will be the possible result if they are going to let bitcoin as a method of payment to them. Because it is uncontrollable and they don't have powers to make movement on it's value. If they will going to let it enter their economy, it's either their economy will be manipulated by a single whale.

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Quote from: Hobo66 on May 01, 2017, 01:29:52 PM

Bitcoin is an anonymous currency and I dont think theirs any law about supporting it in countries
Bitcoin can be used worldwide almost by anyone who knows to get around with it.

I do agree with you. The government will never accept these kinds of currency because the people will become 90% anonymous and they can never collect tax from the citizens. Moreover, bad people can use Bitcoin for illegal activities

Hobo66

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Bitcoin is an anonymous currency and I dont think theirs any law about supporting it in countries
Bitcoin can be used worldwide almost by anyone who knows to get around with it.

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Quote from: Raven91 on May 01, 2017, 10:50:00 AM

Great threat in there economy bitcoin is not yet established in many countries most of the countries use the physical money and bitcoin in under a discovery or a test of cryptocurrency still not yet successful in many aspect also bitcoin can be use in illegal transactions.

Not only bitcoins but even paper money is being used in illegal activities and I think the usage of paper money is higher when it comes to using it in illegal or criminal activities and as Government cannot have control on bitcoin they will never give legal status in future.

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Quote from: Raven91 on May 01, 2017, 10:50:00 AM

Great threat in there economy bitcoin is not yet established in many countries most of the countries use the physical money and bitcoin in under a discovery or a test of cryptocurrency still not yet successful in many aspect also bitcoin can be use in illegal transactions.

It is true that economists and government from that specific countries are seeing threats in their economy if the use bitcoin and they trust fiat more rather that bitcoin. However, I will not agree that bitcoin is still in the beta version (I do not know what is the state of bitcoin as of now) and still unsuccessful. We know that many countries are accepting bitcoin as of this very moment and some countries are in the process of accepting bitcoin. So we can now say that the testing phase of bitcoin is already over and is very successful due to the wide acceptance of people around the world.

Bitcoin is not the only one that is used for illegal activities or transactions, fiat is so much older that bitcoin and fiat is also used in illegal activities until now. Have you see this as a hindrance in fiat's success? NO. So why will it impede bitcoin's success, right?

Raven91

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Great threat in there economy bitcoin is not yet established in many countries most of the countries use the physical money and bitcoin in under a discovery or a test of cryptocurrency still not yet successful in many aspect also bitcoin can be use in illegal transactions.

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Bitcoin posses no threat to anyone at the current state of affairs. So the only people in governments that are opposing bitcoin are cronies that are standing against the bitcoin just so the press can have something to write about.

Such a stories are called a media made facts. Those do have the effects on reality only as long as people believe in them. Otherwise than that any obstruction in using bitcoin is in my opinion impossible to make. Other than getting rid of the exchanges, but thats happening outside of government intervention.

So the countries that seemingly oppose bitcoin is in my opinion a media myth.

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Quote from: iv4n on April 23, 2017, 10:20:23 PM

Quote from: crwth on April 23, 2017, 10:10:54 PM

Quote from: thend1949 on April 23, 2017, 10:08:31 PM

Every country has a law and has regulations to be followed.Maybe the one who is leading a country that banned or give punishment if people uses bitcoins dont like or see bitcoins as a threat to his country.

Maybe the leader himself is not open to changes or open to innovations because Bitcoin has changed the way transaction works and how it possibly can change how we transfer money from one place to another.

Bitcoin is threat for current system. Some government's think just about making profit on peoples back, with many taxes high prices they hold their power, and that is how they rule the country. They already know how to control the supply of money in the state, with that they control everything, can you imagine what is bitcoin for them now?
Countries that think about future, and about people are open for bitcoin because bitcoin is future, others that do not support bitcoin are the countries where leader's think just about their well-being.

and they also know that it will be hard to manipulate bitcoin user since it is a online currency that's why as much as possible they don't want to expose people on the goods bitcoin can offers to them.

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Quote from: kryptqnick on December 20, 2016, 12:53:47 PM

Well, maybe the governments don't want their people to risk and blame the gov then. However, I suppose in such a case there will just be some advice not to use it or that the government does not provide any guarantees. I think bitcoin is just dangerous for countries. Big sums of money without known owners and control. And the main problem is that btc shows people can deal with each other and have a strong currency without the state and the government.

It's not that the government doesn't want people to risk and blame them, It's just that they also want to have control over people even it the bitcoin world. They are trying to find a way to do this but I suppose they can't because of bitcoin's anonymity and security.

Topic: Why bitcoin is not supported in some countries? - page 121. (Read 98470 times)