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Topic: Why bitcoin is not supported in some countries? - page 122. (Read 98470 times)

legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
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.
I don't think it is a threat, the government are still powerful and they can regulate the usages of bitcoin to do it
in legitimate transactions only. If they cannot regulate it, that is the time to ban it, but I'm sure they can regulate it.

There is a profound wisdom

And it says that you should never forbid what you lack the power to prevent. It is attributed to Napoleon Bonaparte, and I guess he certainly knew what he was talking about (as we would say nowadays). If they ban Bitcoin but, nevertheless, still can't prevent people from using it, that will backfire heavily since no one will be giving a fuck in the future about what this particular government says. The only viable way for governments to fight with Bitcoin is to kill it from inside by bribing corrupt miners so that they either prevent any improvements the lack of which will make Bitcoin obsolete over time, or deliver a direct attack against Bitcoin (after they grab enough hash power)
hero member
Activity: 2856
Merit: 667
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.
I don't think it is a threat, the government are still powerful and they can regulate the usages of bitcoin to do it
in legitimate transactions only. If they cannot regulate it, that is the time to ban it, but I'm sure they can regulate it.
legendary
Activity: 3332
Merit: 1191
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.
copper member
Activity: 2940
Merit: 1280
https://linktr.ee/crwthopia
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.
hero member
Activity: 798
Merit: 500
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.
full member
Activity: 266
Merit: 100
Bitcoin is governed by itself,government in those countries believe that with bitcoins into excistence ,there will be no money of their own country and it will loose the control over itself.
sr. member
Activity: 546
Merit: 255
I think that the government is not really afraid of bitcoin, what they are afraid of is people waking up from the ugly truth hat they are just mere slaves of fiat for over 300 years now and they would lose a lot of control to the people of their jurisdictions. If they started to use bitcoin regularly over fiat, that means they are slowlh losing grip of their people for their own personal gains, which they absolutely don't want to happen.

That is why we can't eradicate corruption in our country because they always want to have full control over us and the flow of money in the economy. If only we can get rid of this issue, I bet that our economy and our way of living will surely change.
hero member
Activity: 3080
Merit: 603
Bitcoin is not supported in some countries because they will not get benefits from it. They will think it's illegal and not true. They wouldn't believe it. They will not introduce to somebody about the capacity of one bitcoin. How it works, what is the value of this, where do we find it? If they know how to do with bitcoin, they will get more or earn more.

Yes that's the close reason why those countries that doesn't want to adopt bitcoin. They are scared that their country will be penetrated by illegal bitcoin activities but they are not realizing that there are activities that are being done illegally even though there's no bitcoin involved on it. They don't want to realize and acknowledge bitcoin that is good for the economy.
but i do not think that there is any special reason for that, to me i think some countries are not accepting bitcoin because they do not have sound knowledge about bitcoin, i think they need proper knowledge about bitcoin and their people will certainly start using bitcoin. i think it is our responsibilities to use introduce bitcoin to such area where people do not have any idea about it, so that they can also get benefit from bitcoin and make it more and more strong.

It's one reason why those countries doesn't want to take the risk of adopting bitcoin because they will like walk into a way without light. Even we are going to introduce bitcoin in the areas we are close to but when the government started to pop out news that is making the reputation of bitcoin bad, we can't do something about it.
Most of the time it's just simple issues like taxation that prevents countries from moving forward with legislation, but, while they would want to bring in taxes, Bitcoin is too small for countries to want to bring in revenue. Well, revenue that will actually be a net gain as opposed to a general loss.
Countries want to maintain control over their currency. If they can, that keeps them in power and the population under their thumb. Their question then becomes when do the costs outweigh the benefits.

I don't think that it will only considered as "too small" for those countries that wants to make this as a gateway of revenue. As long as there is a market behind it that will be supported and there's a guarantee that it can generate profit to their countries. The thing is that, if there are no users or only few that will give them small revenue but if that is well known in their country that will generate profit for the gov't.
hero member
Activity: 490
Merit: 520
Bitcoin is not supported in some countries because they will not get benefits from it. They will think it's illegal and not true. They wouldn't believe it. They will not introduce to somebody about the capacity of one bitcoin. How it works, what is the value of this, where do we find it? If they know how to do with bitcoin, they will get more or earn more.

Yes that's the close reason why those countries that doesn't want to adopt bitcoin. They are scared that their country will be penetrated by illegal bitcoin activities but they are not realizing that there are activities that are being done illegally even though there's no bitcoin involved on it. They don't want to realize and acknowledge bitcoin that is good for the economy.
but i do not think that there is any special reason for that, to me i think some countries are not accepting bitcoin because they do not have sound knowledge about bitcoin, i think they need proper knowledge about bitcoin and their people will certainly start using bitcoin. i think it is our responsibilities to use introduce bitcoin to such area where people do not have any idea about it, so that they can also get benefit from bitcoin and make it more and more strong.

It's one reason why those countries doesn't want to take the risk of adopting bitcoin because they will like walk into a way without light. Even we are going to introduce bitcoin in the areas we are close to but when the government started to pop out news that is making the reputation of bitcoin bad, we can't do something about it.
Most of the time it's just simple issues like taxation that prevents countries from moving forward with legislation, but, while they would want to bring in taxes, Bitcoin is too small for countries to want to bring in revenue. Well, revenue that will actually be a net gain as opposed to a general loss.
Countries want to maintain control over their currency. If they can, that keeps them in power and the population under their thumb. Their question then becomes when do the costs outweigh the benefits.
hero member
Activity: 3080
Merit: 603
Bitcoin is not supported in some countries because they will not get benefits from it. They will think it's illegal and not true. They wouldn't believe it. They will not introduce to somebody about the capacity of one bitcoin. How it works, what is the value of this, where do we find it? If they know how to do with bitcoin, they will get more or earn more.

Yes that's the close reason why those countries that doesn't want to adopt bitcoin. They are scared that their country will be penetrated by illegal bitcoin activities but they are not realizing that there are activities that are being done illegally even though there's no bitcoin involved on it. They don't want to realize and acknowledge bitcoin that is good for the economy.
but i do not think that there is any special reason for that, to me i think some countries are not accepting bitcoin because they do not have sound knowledge about bitcoin, i think they need proper knowledge about bitcoin and their people will certainly start using bitcoin. i think it is our responsibilities to use introduce bitcoin to such area where people do not have any idea about it, so that they can also get benefit from bitcoin and make it more and more strong.

It's one reason why those countries doesn't want to take the risk of adopting bitcoin because they will like walk into a way without light. Even we are going to introduce bitcoin in the areas we are close to but when the government started to pop out news that is making the reputation of bitcoin bad, we can't do something about it.
hero member
Activity: 504
Merit: 500
Bitcoin is not supported in some countries because they will not get benefits from it. They will think it's illegal and not true. They wouldn't believe it. They will not introduce to somebody about the capacity of one bitcoin. How it works, what is the value of this, where do we find it? If they know how to do with bitcoin, they will get more or earn more.

Yes that's the close reason why those countries that doesn't want to adopt bitcoin. They are scared that their country will be penetrated by illegal bitcoin activities but they are not realizing that there are activities that are being done illegally even though there's no bitcoin involved on it. They don't want to realize and acknowledge bitcoin that is good for the economy.
but i do not think that there is any special reason for that, to me i think some countries are not accepting bitcoin because they do not have sound knowledge about bitcoin, i think they need proper knowledge about bitcoin and their people will certainly start using bitcoin. i think it is our responsibilities to use introduce bitcoin to such area where people do not have any idea about it, so that they can also get benefit from bitcoin and make it more and more strong.
hero member
Activity: 588
Merit: 500
I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me

That's really weird especially the jail part, the countries I knew allows Bitcoin use, though it's not legal but there are no such restrictions. But then again each country has its own policy and rules. Maybe the citizens have been grossly missing it or the country has not understood it at all. However I feel. Really sad for this users. Hope the country changes it law.

yes there are no such law that saying that a man that are using bitcoin will be under punished, therefore we are free to earn bitcoin and use it, We are allow to use it if the site that our using is not restricted in our country.
to me i think the only reason can be that people there do not know about bitcoin. therefore they are not giving any preferende to bitcoin. i am hopeful that in future when they will know about it then they will certainly show good interest in bitcoin.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
I think that the government is not really afraid of bitcoin, what they are afraid of is people waking up from the ugly truth hat they are just mere slaves of fiat for over 300 years now and they would lose a lot of control to the people of their jurisdictions. If they started to use bitcoin regularly over fiat, that means they are slowlh losing grip of their people for their own personal gains, which they absolutely don't want to happen

People have been enslaved for the entire duration of human civilization

So it is not just for the last 300 years. Or do you really think that before fiat generic humans enjoyed more freedom than now (or when fiat was first introduced)? Slavery is deep inside human nature as social (read herd) beings. Bitcoin can't and won't change anything in this regard. It may be useful only to those who don't want to be or remain slaves, but the rest of humanity will just go on as they have been for centuries silently giving the choice as well as responsibility to someone else. For all authority comes from God, and the powers that be are ordained of God
sr. member
Activity: 314
Merit: 250
Because they are afraid to take risks, they think that the bubble can burst at any moment. And the state wants to control all financial operations.

They are not afraid to take risks, bitcoin helps a country economy, and I don't think it's price matter at all. Bitcoin is a decentralized digital currency so they can't control the bitcoin transactions. There are many reasons that the government are not accepting bitcoin, but I know time will come and they will be changing their minds when they see how bitcoin helped other country.

Yes. Government is afraid of bitcoin for being decentralized. So they can't control it. That's why some government has put a strict regulations, while other doesn't want it in totally, while other like Japan see it as the future of technology that's why they make it legal. But I know that maybe in just a few years we will see that some big government globally will accept bitcoin as alternative to the common fiat.

Perhaps in the future, and take bitcoin if it does not fail, but it will be an additional currency.
hero member
Activity: 2632
Merit: 833
Because they are afraid to take risks, they think that the bubble can burst at any moment. And the state wants to control all financial operations.

They are not afraid to take risks, bitcoin helps a country economy, and I don't think it's price matter at all. Bitcoin is a decentralized digital currency so they can't control the bitcoin transactions. There are many reasons that the government are not accepting bitcoin, but I know time will come and they will be changing their minds when they see how bitcoin helped other country.

Yes. Government is afraid of bitcoin for being decentralized. So they can't control it. That's why some government has put a strict regulations, while other doesn't want it in totally, while other like Japan see it as the future of technology that's why they make it legal. But I know that maybe in just a few years we will see that some big government globally will accept bitcoin as alternative to the common fiat.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
I think that the government is not really afraid of bitcoin, what they are afraid of is people waking up from the ugly truth hat they are just mere slaves of fiat for over 300 years now and they would lose a lot of control to the people of their jurisdictions. If they started to use bitcoin regularly over fiat, that means they are slowlh losing grip of their people for their own personal gains, which they absolutely don't want to happen.
hero member
Activity: 1722
Merit: 528
Because they are afraid to take risks, they think that the bubble can burst at any moment. And the state wants to control all financial operations.

They are not afraid to take risks, bitcoin helps a country economy, and I don't think it's price matter at all. Bitcoin is a decentralized digital currency so they can't control the bitcoin transactions. There are many reasons that the government are not accepting bitcoin, but I know time will come and they will be changing their minds when they see how bitcoin helped other country.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
Because they are afraid to take risks, they think that the bubble can burst at any moment. And the state wants to control all financial operations.

And what would prevent a government from stopping the bubble burst?
Current market cap is $19,897,934,160 .

Assuming everybody would want to get out that is the price needed to keep the bubble from bursting.
Considering lost coins, satoshi's coins and bitcoins hardcore fans the so called government would have to spend less that 10 billions to prop it up.

That's lover that 10% of the GDP of Morroco.





sr. member
Activity: 270
Merit: 250
Because they are afraid to take risks, they think that the bubble can burst at any moment. And the state wants to control all financial operations.
hero member
Activity: 3080
Merit: 603
Bitcoin is not supported in some countries because they will not get benefits from it. They will think it's illegal and not true. They wouldn't believe it. They will not introduce to somebody about the capacity of one bitcoin. How it works, what is the value of this, where do we find it? If they know how to do with bitcoin, they will get more or earn more.

Yes that's the close reason why those countries that doesn't want to adopt bitcoin. They are scared that their country will be penetrated by illegal bitcoin activities but they are not realizing that there are activities that are being done illegally even though there's no bitcoin involved on it. They don't want to realize and acknowledge bitcoin that is good for the economy.
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