Bitcoin Forum

 Do you know the news.Looks like bitcoin in Canada will be recognised like a currency.I think  first westerness country without bitcoin paranoia

http://www.coindesk.com/election-hopeful-wants-canada-to-recognise-bitcoin-as-currency/ (http://www.coindesk.com/election-hopeful-wants-canada-to-recognise-bitcoin-as-currency/)

Looks like you have trouble reading. This is a candidate that wants to make Bitcoin equal, but he has to first be elected and then make others support his project. There's a long way to go.

I think that you might want to rephrase that. Alex Millar, who is running as a independent candidate, wants to push this through. This does not mean that this will definitely happen. It depends on a few things, the first being if he is going to get elected at all.
I do agree that this would be beneficial for both Bitcoin and Canada.

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You were slightly faster than me. Yeah, there are a lot of things that need to happen before this is possible. I'd say that it is going to be harder for him to get elected than to slowly gather support over time. Who knows how much time this is going to take even if he does get elected.

I'm not sure this is such a good idea. As I've been saying, the best thing is governments distancing themselves from Bitcoin. Negative reactions to cryptocurrencies by governments are everywhere and I'm frightened that positive reactions might lead to over-regulation/desire to control the currency. We are all seeing what BitLicense is causing... Canada might go the same way.

I agree and also don't agree  ;D

If it's recognised as a currency then yes the same regulations that apply to foreign currencies would then most probably apply to bitcoin. Not sure about regulations in Canada in terms of foreign currencies but I think it might be more 'friendly' than any other kind of regulations (like a BitLicence clone). However, this will depend on what kind of regulations are in place for foreign currencies, could actually make things worse.

Personally think it will be good for bitcoin to be seen as a currency, think it will push adoption if the government 'says' bitcoin is a 'legal' currency. Will give it more credibility.

Agreed Bitcoin and government are like two things that should just stay away from each other

One thing catches my eye; "..who does not currently appear in the official election almanac,.. "  So basically he's not even a candidate technically, right ?
Sounds to me like an attempt to give bitcoin some media attention - not that i mind tho .. But even so, i doubt it will have some real affect what he's doing.

Need to read a little deeper into the story  :D

I think he is, but he's just a minor candidate. Do they put minors in the almanac as well? This guy doesn't seem to be that popular; it's just the whole bitcoin thing.

I agree maybe he only uses the bitcoin thing to be recognized in the media. I doubt any government officials would want bitcoins to be their country's currency. Well we all know how the government system works

Not like governments particularly like bitcoin, anyways, right? The US seems to dislike it.

Its really hard for me to figure out how much I want the government interested in bitcoin. Eventually they will want to control it in some from or worse tax it.
Wish I did not have such a tinfoil view of this but I can not help it. :D

Government has every reason to dislike bitcoin. Unlike $$$ they can't control bitcoin. People control bitcoin so they will not really benefit from it.

It will be tough for him he has no banner not even the Greens which would be somewhat helpful in Vancouver
As an independent he will need to put a lot of effort in there.

Both Millar and the Election Almanac have been contacted for further clarification on his status as a candidate.
(Well if he is an official candidate)

I am very far away from Canada. I dont know the politic there. However, I would really like to see Bitcoin recongnised as a currency like fiat. I hope that he is a candidate for the election that will take place next month. Even if he did not win the election, it will at least bring Bitcoin some "drama".

What ever the reason, this must be a good news for Bitcoin Users. Bitcoin has Bright Future.

even though if hes elected it would be good for bitcoin, that should'nt be the only reason he's elected.  :-\

We're friends with Alex Millar--he's a cool dude

Glad you posted here..Reminds me to be more involved and stop into one of the meetups in the near future.

Yeah, this is really a good new and we can say that there is a bright future for bitcoins as more and more countries have started to regulate bitcoins.  As bitcoin has begun to break into the mainstream and gain exposure, many business have come under greater scrutiny from regulators. This is a good run for bitcoin so for. We just have to wait and watch the progress of bitcoins.

You want governments to stay away from bitcoin and not regulate it in any form. Let them continue to manipulate/control and enforce their currency regulations far, far away from crypto currency so we don't have to trade with assloads of licenses, insurance, compliance officers ect.

Cryptos get discussed at various levels of Canadian government, so far with very little else happening than advisory boards and recommendations. Some positive some not so much. We are headed towards a federal election soon, depending on who wins, we'll see which direction it goes. Not really on any party's promises or platforms.
That said, all parties seem quite open to innovation (kind of a national point of pride) and our national mint has even experimented with its own crypto (mintchip fail) and most regulation regarding exchanges is at the provincial level.
We will have to wait and see, but so far so good. Canada is one of the top btc using nations after all

It's good to see bitcoiners playing their part to promote bitcoin. Nevertheless whether he wins or not at least he brings bitcoin name to the news and for attention. At least this one is on the positive side.

Alot of Canadian users. This would be awesome.

Yeah whatever comes out. It sure's benefits bitcoin  ;D

We could try to push bitcoin with the current elections coming up. The only problem I see in doing that is what has happened to current touchy subjects like "right to die" and "legalization of pot"! The current parties do not want to make a off step and lose votes. Could see a old person getting their back out of sorts thinking "these young kids are trying to screw up my pension" or something like that. Watching how many still go to the bank to deposit a cheque is funny as hell.

Maybe on a more grass roots level like municipal level we could push bitcoin or bitcoin supporting people.

As it is right now Mulcair is just another Harper and will stay away from anything like this,maybe Trudeau. If Trudeau can support legalization of pot,he may got on board a technology based currency. Could revolutionize the way Canada operates. The Queen is going to die and we will have to replace all our currency again and that is going to cost a lot. So maybe that will be the time to push for it. 8)