Why bitcoin is not supported in some countries? - page 152.

harizen

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Quote from: ardentvolcanoes on December 28, 2016, 10:36:13 AM

I really don't know what was the possible reason why bitcoin is not yet supported in some countries but maybe of course because it is decentralized the government cannot be able to impose a tax on it I think that was the common reason and a common opinion given when there's almost the same question like this .

Government obviously has no way to tax all the people involved in doing bitcoin transaction in their premises. Even a brainstorming on how they will do that is no sense. What to be done is to tax all bitcoin exchange doing legitimate operation in their country. Since bitcoin are not being taxed individually, the exchange will hug the system of taxation. As an exchange, they have some modify rates which is quiet far from the current bitcoin price.

So in here, I don't think that because of tax system that's why some of the countries still not supporting bitcoin.

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Quote from: michellee on December 27, 2016, 11:59:41 PM

maybe its because the countries not yet ready with the new technology and they need to learn about bitcoin so bitcoin is not supported in some of countries. but i am sure that in the future, many countries will be ready for this and they give their support with bitcoin and the user.

I doubt that wont happen, because a country is controlled by a government and bitcoin is something that is totally against control as it cannot be controlled, so i don't think that a government by knowing that the currency is not controllable will let their people use it and lose control on them.

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I really don't know what was the possible reason why bitcoin is not yet supported in some countries but maybe of course because it is decentralized the government cannot be able to impose a tax on it I think that was the common reason and a common opinion given when there's almost the same question like this .

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Quote from: Sithara007 on December 28, 2016, 10:23:24 AM

Quote from: iqlimasyadiqa on December 28, 2016, 10:17:58 AM

Quote from: Sithara007 on December 28, 2016, 10:12:39 AM

From what I have seen over the past two-three years, only a few countries are supportive of the Bitcoin trade, such as Switzerland and Singapore. The vast majority of the nations discourage the use of BTC in their jurisdictions.

yes absolutely right. some countries have regulations that simply can not be violated. they are consistent with the economic movement of the country. we are not able to any kind of interference. but other than that, there is a country open to new things. This will certainly be beneficial as bitcoin.

If a country allows the trade of Bitcoins, then a lot of Bitcoin-based businesses will move to that country. For example, BTC-e moved their operations from Kiev (Ukraine) to Sofia (Bulgaria), after Ukraine created obstacles for their business.

That can be a good strategy for countries needing investors and private initiative businesses. I know there are many countries trying to bring businesses to their countries, but many time they can't because nobody has interest on it. Maybe Bitcoin can help them this way like happened as you said, in Bulgaria. But to do it, it's necessary a government that really matter with their people and make use of the disponible technology.

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Quote from: malekbaba on December 20, 2016, 09:22:20 AM

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

Bitcoin is "supported" anywhere there are computers. Bitcoin may be illegal or banned in various countries based on the laws in those jurisdictions.

As to why, the most likely answer is that the countries are not free and do not like the freedom that Bitcoin brings. The governments (and people running them) want to control people and keep them from being able to conduct commerce (and everything else) freely. Is that fair? Of course it isn't fair, but the people running the governments have the guns and are willing use them to suppress their people in order to keep power and enrich themselves. The solution is to avoid authoritarians/socialists/communists/fascists and have people who value freedom in charge of the governments. Look at China, devaluing the yuan daily which will impoverish (see, e.g. Venezuela) the people over time. All to retain their power and remain rich themselves.

Criminal activity can take place in any currency, but people use that as an excuse to retain their control.

As far as what the GPU (or bitcoin mining in general), take a look here:
https://en.bitcoin.it/wiki/Mining
or
https://www.bitcoinmining.com

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Quote from: iqlimasyadiqa on December 28, 2016, 10:17:58 AM

Quote from: Sithara007 on December 28, 2016, 10:12:39 AM

From what I have seen over the past two-three years, only a few countries are supportive of the Bitcoin trade, such as Switzerland and Singapore. The vast majority of the nations discourage the use of BTC in their jurisdictions.

yes absolutely right. some countries have regulations that simply can not be violated. they are consistent with the economic movement of the country. we are not able to any kind of interference. but other than that, there is a country open to new things. This will certainly be beneficial as bitcoin.

If a country allows the trade of Bitcoins, then a lot of Bitcoin-based businesses will move to that country. For example, BTC-e moved their operations from Kiev (Ukraine) to Sofia (Bulgaria), after Ukraine created obstacles for their business.

iqlimasyadiqa

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Quote from: Sithara007 on December 28, 2016, 10:12:39 AM

From what I have seen over the past two-three years, only a few countries are supportive of the Bitcoin trade, such as Switzerland and Singapore. The vast majority of the nations discourage the use of BTC in their jurisdictions.

yes absolutely right. some countries have regulations that simply can not be violated. they are consistent with the economic movement of the country. we are not able to any kind of interference. but other than that, there is a country open to new things. This will certainly be beneficial as bitcoin.

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Quote from: malekbaba on December 20, 2016, 09:22:20 AM

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

Well it depends on other countries that is their government laws and policy and if you are from that country that forbids bitcoin but want to earn bitcoin then go other countries that are legal for bitcoin and regarding about your mining experience it doesn't need involve some high skills so your could mine bitcoin, mining actually is challenging if you don't have proper training in computer hardware it is always OK to get a helping hand or read some article regarding on how to mine bitcoin.

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From what I have seen over the past two-three years, only a few countries are supportive of the Bitcoin trade, such as Switzerland and Singapore. The vast majority of the nations discourage the use of BTC in their jurisdictions.

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From my own opinion, every country is at liberty to decide what is the best for it in terms of financial and economic matters. For the fact that a country does not support Bitcoin does not make Bitcoin bad or made the country worse but because they feel its not the right thing for them as at the time of discussion which even change as time goes on. One significant threat I would see for a country is the issue of security which might be beclouded that its a currency used in the "underworld".

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Quote from: Przemax on December 28, 2016, 04:26:22 AM

Some countries are just not suverein and have to listen to the outside forces. If those forces dont like bitcoin, those poor country have to start bitching about bitcoin. They can only bitch about it. But its enough to keep their master happy. The world we live in is extend and pretend, so as long as everyone is pretending on anything that matters its ok. For now.... Until will not.

They want globalization, but I guess Bitcoin is not the best way to do it because of its anonymity. They want us in control, not to be free. We're living this globalization process moment and we have to somehow stop it, because it's just against us. I do believe Bitcoin will be adopted by many more people in the next few years, becoming a free way to spend your money without anybody else knowing about it.

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Some countries are just not suverein and have to listen to the outside forces. If those forces dont like bitcoin, those poor country have to start bitching about bitcoin. They can only bitch about it. But its enough to keep their master happy. The world we live in is extend and pretend, so as long as everyone is pretending on anything that matters its ok. For now.... Until will not.

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Quote from: Vaskiy on December 20, 2016, 09:52:00 AM

Those countries fear that Bitcoin will make their economy to go down. Also several taxation problems have been their, as people prefer Bitcoin to escape taxes. Possibly when things go digitalized countries will use Bitcoin's technology to make their own digital currency.

I do agree to what you say there. They do fear that Bitcoin will grow stronger and affect their ecosystem a lot so the government must have to do something to prevent people from using Bitcoin. In fact, some of them even ban Bitcoin without any reason. Bitcoin users have to face with the chance that they might be caught by the police.

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Quote from: Hitomi on December 28, 2016, 12:15:41 AM

why in some countries prohibit the use bitcoin? what is wrong from the use bitcoin? I think there is nothing wrong, because every bitcoin users would be easy to use to support their daily life. for example: payment of electricity, toll payments, currency exchange, etc. I think the state should think back to the prohibition of the use of bitcoin. not whether it is better for our own communities.

yeah I think that the government should be able to think that if bitcoin legalized course it will help the local economy in their countries. but I think it's a pretty bad idea according to them, because bitcoin decentralization

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bitcoin is used all over the world in every single country that I have seen last time I checked. even in the most remote country with not technology and scarce internet access you can find someone who has bought bitcoin. and all of them have someone trading bitcoin on localbitcoins or another similar site to localbitcoins for trading locally.
but the reason why it is not much in some places is because not enough people know about bitcoin.

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Quote from: michellee on December 27, 2016, 11:59:41 PM

maybe its because the countries not yet ready with the new technology and they need to learn about bitcoin so bitcoin is not supported in some of countries. but i am sure that in the future, many countries will be ready for this and they give their support with bitcoin and the user.

I think it does not need a great technology for using bitcoin in a country, does not need the approval of a government if you want to use bitcoin, bitcoin can be used anywhere as long as you are connected to the Internet

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why in some countries prohibit the use bitcoin? what is wrong from the use bitcoin? I think there is nothing wrong, because every bitcoin users would be easy to use to support their daily life. for example: payment of electricity, toll payments, currency exchange, etc. I think the state should think back to the prohibition of the use of bitcoin. not whether it is better for our own communities.

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maybe its because the countries not yet ready with the new technology and they need to learn about bitcoin so bitcoin is not supported in some of countries. but i am sure that in the future, many countries will be ready for this and they give their support with bitcoin and the user.

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Quote from: DoublerHunter on December 27, 2016, 08:27:40 PM

I think bitcoin is not supported in some other countries in the world because they don't know what it is and what are the advantages of having bitcoin. Other factors that bitcoin is not supported in some countries is maybe their are a lot of criminals who are abusing bitcoin and using it for bad habits and if the government or authority will see that, there is a high chance that they will think that bitcoin is fully for bad purpose only so they didn't support it.

Relating to the criminal activities and some of the advantages of bitcoin are being an opposite thing for the government. Anonymous and decentralized system, both bring a lot of the percentage for not supporting bitcoin although there are the internal factors from the government.

But totally the bitcoin is suitable for supporting the 3rd country.

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Quote from: DoublerHunter on December 27, 2016, 08:27:40 PM

I think bitcoin is not supported in some other countries in the world because they don't know what it is and what are the advantages of having bitcoin. Other factors that bitcoin is not supported in some countries is maybe their are a lot of criminals who are abusing bitcoin and using it for bad habits and if the government or authority will see that, there is a high chance that they will think that bitcoin is fully for bad purpose only so they didn't support it.

it is not just about knowing about bitcoin. the countries where bitcoin is not much supported are third world countries that are not technologically advanced and people aren't that much interested in things like bitcoin. and even if they are they can not find ways of using it, for example the internet speed and coverage is not adequate enough for them to be able to use a proper bitcoin wallet.

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