|
Title: 12 years and no country has approved Bitcoin ?? Post by: Mdsumon0066 on October 09, 2020, 03:00:37 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Chrystora123 on October 09, 2020, 03:15:15 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh how can the government approved a decentralized coins?? the government will only be approved what they can control and Bitcoin cannot control. even the government has to be the whale to control the price and it certainly will not happen. just let Bitcoin stay like this (a decentralized coin that has a high value)#This has been discussed repeatedly and I think you are just lazy to find it in other topics and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) come on, do you believe his predictions?? in the investment world, I respect warren but he is not a shaman who can predict anything. if Bitcoin is going to die it must have happened since 10 years ago..Title: Re: 12 years and no country has approved Bitcoin ?? Post by: dimonstration on October 09, 2020, 03:22:54 PM Each country have their own currency so there is no need for them to approves it as we can easily use it as an alternative with some rules and protocol assigned by the government. Since bitcoin or any crypto operator is from different countries it will be hard for any government to approves it. So it's still good even they don't approve it we were able to use and knows it.
About bitcoin ends badly, iy may happen but not this early, there are still many uses and advantages that can be use bitcoin in making transactions easier. Those who believes and studied it were able to know the importance it can give to them. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: 20kevin20 on October 09, 2020, 03:30:19 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh It was actually invented in 2008 and launched in 2009 by Satoshi. It totally depends on what "approved Bitcoin" means to you. If you mean adopting it as a national currency, it's close to impossible due to the fact that governments do not have any kind of power in this economy.Other than that, while there are some countries hostile to Bitcoin (https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory), there are many, many out there allowing its usage even as a method of payment. Regulations helped make that happen, but while on the other hand attacking privacy from multiple sides. and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) If he's your idol and you take his word for granted as if he was some crystal ball, then do so. But I wouldn't if I were you. Bitcoin could end up badly the same way Buffett's portfolio could. It's all about what the future reserves for us. John McAfee has said years ago that Bitcoin would either hit $1M by the end of this year or he'd cut his d*ck and eat it live on TV. Would that be convincing enough for you that Bitcoin is going to make you rich? It wasn't for me, and it seems like he either has to eat his own sexual organ or he'll just take it as probably the biggest L of his life.Influencers and billionaires aren't Gods. They only have masses they move to the directions they want. I'd honestly recommend you not to be part of those masses. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: The Cryptovator on October 09, 2020, 03:37:45 PM Many countries have been allowing Bitcoin. You should read this topic, List of Countries Where Bitcoin/Cryptocurrency Is Legal & Illegal (Banned) (https://blog.sagipl.com/legality-of-cryptocurrency-by-country/). But if you are talking about approve it officially then it wouldn't happen since Bitcoin is a decentralized cryptocurrency. There is quite a difference between legalize bitcoin and approved it as an official currency.
Regarding prediction badly end up, there was so may similar prediction from the beginning. But still, Bitcoin is alive and I believe it will be live for a long time or forever. This kind of prediction wouldn't affect the bitcoin, because Bitcoin always depends on its community. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Zionatin on October 09, 2020, 03:41:37 PM You're a twit. Please explain to me what exactly does "approved" mean. Do I need approval from the government to do everything? So there must be a written law in place for every possible action people take?
There is nothing to prove. You are totally clueless and know nothing about the law or much else it seems. You're little :) at the end of your comment just shows you are a troll and not a very clever one at that. Get this into your head. The government is not a god. You don't need the approval to do anything. I can use crypto even if it is a crime they cannot prevent you. You are utterly mindless Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Ucy on October 09, 2020, 03:52:36 PM I guess you mean bitcoin(the currency)... or do you mean both the currency and the Decentralized Network/tech?
If they didn't approve Bitcoin, they wouldn't be copying the technology (like Blockchain) or allow Bitcoin exchanges/platforms to trade in countries. I think part of the problems is that regulators either don't understand Bitcoin in order to make it part of the law and officially approve it... Or it's probably too transparent/decentralized/immutable for the liking of some regulators, and won't let them operate opaquely, lawlessly, without accountability, etc . So for such people, the technology has to be centralized and controlled by them for them to approve it. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: SquirrelJulietGarden on October 09, 2020, 04:03:50 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Simply. Bitcoin was created to destroy national bank systems. Governments and their bank systems are fearing of bitcoin. The more adoption of bitcoin globally and nationally, the more nightmares they will have.The message in the genesis block says it. Quote 00000000 01 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 ................ 00000010 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 ................ 00000020 00 00 00 00 3B A3 ED FD 7A 7B 12 B2 7A C7 2C 3E ....;£íýz{.²zÇ,> 00000030 67 76 8F 61 7F C8 1B C3 88 8A 51 32 3A 9F B8 AA gv.a.È.ÈŠQ2:Ÿ¸ª 00000040 4B 1E 5E 4A 29 AB 5F 49 FF FF 00 1D 1D AC 2B 7C K.^J)«_Iÿÿ...¬+| 00000050 01 01 00 00 00 01 00 00 00 00 00 00 00 00 00 00 ................ 00000060 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 ................ 00000070 00 00 00 00 00 00 FF FF FF FF 4D 04 FF FF 00 1D ......ÿÿÿÿM.ÿÿ.. 00000080 01 04 45 54 68 65 20 54 69 6D 65 73 20 30 33 2F ..EThe Times 03/ 00000090 4A 61 6E 2F 32 30 30 39 20 43 68 61 6E 63 65 6C Jan/2009 Chancel 000000A0 6C 6F 72 20 6F 6E 20 62 72 69 6E 6B 20 6F 66 20 lor on brink of 000000B0 73 65 63 6F 6E 64 20 62 61 69 6C 6F 75 74 20 66 second bailout f 000000C0 6F 72 20 62 61 6E 6B 73 FF FF FF FF 01 00 F2 05 or banksÿÿÿÿ..ò. 000000D0 2A 01 00 00 00 43 41 04 67 8A FD B0 FE 55 48 27 *....CA.gŠý°þUH' 000000E0 19 67 F1 A6 71 30 B7 10 5C D6 A8 28 E0 39 09 A6 .gñ¦q0·.\Ö¨(à9.¦ 000000F0 79 62 E0 EA 1F 61 DE B6 49 F6 BC 3F 4C EF 38 C4 ybàê.aÞ¶Iö¼?Lï8Ä 00000100 F3 55 04 E5 1E C1 12 DE 5C 38 4D F7 BA 0B 8D 57 óU.å.Á.Þ\8M÷º..W 00000110 8A 4C 70 2B 6B F1 1D 5F AC 00 00 00 00 ŠLp+kñ._¬.... https://en.bitcoin.it/w/images/en/1/1d/Jonny1000thetimes.png https://en.bitcoin.it/wiki/Genesis_block Title: Re: 12 years and no country has approved Bitcoin ?? Post by: claire_lovely on October 09, 2020, 04:24:19 PM The great part about Bitcoin is that it doesn't need the approval of any governments. Even if they attempt to tax it, ban it, or censor it, it is always usable and accessible by its nature.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: buwaytress on October 09, 2020, 04:24:43 PM Oh no, Japan law recognising Bitcoin as legal tender, Swiss public transport and municipal tax payable in Bitcoin, universities accepting Bitcoin as fee payments, hell, regulated and licenced merchants accepting all my bitcoin all these years... Fake news? Where have you been OP?
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Bttzed03 on October 09, 2020, 04:30:15 PM Many Governments still stand by with their view that BTC isn't backed by anything that is why they cannot approve it as a legal tender. However, they approve it as an investment asset. They issue memorandums and create biils/laws to tax income from bitcoin trading and mining. Regulations of crypto exchanges and other platforms with crypto-related services are also proofs that they've accepted bitcoin to a certain extent.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Oshosondy on October 09, 2020, 04:33:23 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh Bitcoin was created in 2009, not 2007. Warren Buffet said bitcoin would end up badly? That means he knows nothing he is saying, after his bad speeches and hatred for bitcoin, bitcoin has been surviving and more adopted. and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) Title: Re: 12 years and no country has approved Bitcoin ?? Post by: mk4 on October 09, 2020, 04:34:06 PM While a certain country "approving" bitcoin(I assume you meant announced as legal tender) is good, bitcoin doesn't need government approval to be successful. You would've known that if you did the slightest research.
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) And? He doesn't like investing in tech companies like Apple and Microsoft because he doesn't understand them. What's your point?EDIT: Ahh, the classic no response when everyone's throwing counter-arguments at you. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Nhor1011 on October 09, 2020, 05:22:07 PM Always remember that Bitcoin is decentralized digital currency and government has no control over it. Also every country has it's own currency used by all people on their daily lives. They are more familiar with it rather than using a bitcoin. Not all people know about bitcoin ,so, I think let's just be contented that we still use bitcoin not just as investment but also an alternative to fiat currency although government not accepted it.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Kupid002 on October 09, 2020, 05:27:17 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) If you want bitcoin to be one of thier main currency then thats not possible to happen .there are countries that already legal to use crypto currency as one of online payment you only need to follow government rules that they are given . For Warren buffet that is only an opinion there are already big company Starting to adopt the use crypto currency even they say it doesn't mean it will happen its just simple opinions. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Ayiranorea on October 09, 2020, 05:36:07 PM In 12 years of time what it has achieved is big. In terms of growth, adoption, acceptance equal to currency, in transaction need, as an alternate payment gateway. In different forms it has been serving as a multi-purpose asset. We can't expect the same level of acceptance and authorization with every country.
Several countries have undergone research about the need of bitcoin and made it legal, by the time some countries have made use of the technology and hasn't completely legalized bitcoin. This way the difference can be found, but that doesn't stop its growth. With time it has been pushing itself forward than going downwards which is the goodness of bitcoin. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: proTECH77 on October 09, 2020, 05:55:01 PM Bitcoin is a decentralized which you don't need to take any approval from the government before you can carry out your transaction. Bitcoin is not control by the government, so it can decide to pump any time and dump any time which no government can question. Once it is legalized in a country you are free to invest and make your profit without government approve it for you.
Bitcoin is different from fiat money which is centralized and it is control by the government and it's approved by the government to every investors to make use in their business to make profit. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: CarnagexD on October 09, 2020, 05:55:53 PM "Approved bitcoin?"
You're speaking as if bitcoin wasn't use in illegal transactions online, but that's not the main point of mine why it hasn't been widely accepted worldwide. For a simple fact that Bitcoin is decentralized and governments are centralized, that fact alone should answer the question why most of the government all over the world is cautious with bitcoin. I'd rather choose people empowering bitcoin than governments lol. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: bocyaj on October 09, 2020, 06:00:21 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) You should surf and find ,how many legalized till now.Many country had legalized it,it was neutral in many country.So transaction of bitcoin was a legal tender in most of country in this world.Actually many of international transaction was done with bitcoin as of now.Bitcoin became a boom to the corporate companies transaction. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: seoincorporation on October 09, 2020, 06:03:02 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh A lot of countries approved it, but isn't considered money. But in countries like Mexico you can legally buy them and sell them and only pay tax over the profit. I don't think countries will see bitcoin as money. That could bring enormous problems to the economy, that's why it's legal as an inversions instrument. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: death69 on October 09, 2020, 06:12:46 PM What do you mean by saying "approved"? There are many countries considering bitcoin as a type of payment already. Regulations are made in order to put cryptocurrency under the law so that tax can be collected from it. These are good signs for bitcoin, which keep the price around $10000 recently. People from many parts of the world have adopted Bitcoin for many years. Right now, we still need a lot of things to do to improve the technologies inside so as to improve the quality and quantity of transactions. Lower the fees is what users really really want right now
12-year is not a long period of time. Bitcoin is still very young, however, it has brought to us many different doors to see the world in different sights. Bitcoin is definitely on the right path right now Title: Re: 12 years and no country has approved Bitcoin ?? Post by: ShowOff on October 09, 2020, 06:18:34 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh You may lack information regarding the legality of bitcoin during this time. Several countries have allowed bitcoin as a legal means of payment such as taxes, transportation fees and others. However, not all countries allow it as a mean of payment, but in fact we can use it as a means of payment that is recognized by users (not the government) even though it is prohibited in regulations. We are free to trade bitcoin as a valuable asset on the commodities market and and it's legal. As a currency, we can still use bitcoin as a means of payment even without government approval and it is done between users. You must know that. Don't expect bitcoin to be used as a legal payment tool globally because it is very difficult to happen.and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) True, but that only applies to those who don't like it. If you agree with what WB said then believe me you will end up bad like his opinion on bitcoin. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: goldade on October 09, 2020, 06:30:08 PM I do not think there's any country that will easily accept or approve bitcoin. There is no other reason for this than the fact that bitcoin is a decentralized currency which makes it out of the control of the government. The government isn't ready to accept a currency they cannot control.
Although I do believe that it is possible that government accept crypto, I think it will be one they can afford to control. It is possible that governments create their own centralized coin, one they can actually control since the world is moving towards the digital age as time goes on. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: GeorgeJohn on October 09, 2020, 06:44:29 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh I think that was before, because when bitcoin was launched, so many countries was not interested to adventure in cryptocurrency especially bitcoin because their were not informed and them don't really know the important of it and advantages of it, but currently many countries has adopted the use of bitcoin because of it's methods of transaction. and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) The reason Warren Buffet" said negative thing about bitcoin them is because he was myopic towards features of BTC and his objective is to bring bitcoin down btc its circulating all over the word, If I may ask,does he has any tangible reason before predicting negativity of bitcoin and what are his major points of views before making such comments. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: electronicash on October 09, 2020, 06:46:48 PM 12 years still is a short time for btc to all the way convince a government to allow to take over their own currency. the fact that they can't control decentralized currency. but given that there are several countries already that recognizes BTC. many will follow in the future, among then is Venezuela that had started using it.
the pandemic i think will speed up governments to move into cashless soon. it might not be long til we see more countries. not really treating btc as legal tender but just having businesses related to cryptocurrency will ignite the adoption in the country. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: F_Societys on October 09, 2020, 06:48:51 PM It can be said that Bitcoin has many opponents and governments do not know whether to use it or not.
There are also reports from various countries that use bitcoin for shops, ATMs, buses, etc. And I think this is a good place to start. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Quidat on October 09, 2020, 06:56:42 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh Bitcoin doesnt really need to be regulated yet this isnt similar to fiat that can really be easily manipulated and that what makes most governments do really have that and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) negative look towards it but somehow there are still numerous countries that do accept Bitcoin and other crypto into its vicinity.It might not really be fully regulated but somewhat they do adopted it by means of payment system.There are leaders of some countries are really just too close minded and doesnt really accept on what crypto can really contribute on but instead they do focus out on its cons.Dont mind that fucking Warren Buffet because he isnt a God that will really be concluding up things. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: hatshepsut93 on October 09, 2020, 07:02:46 PM This just sounds like a really weak attempt at trolling. If you don't want Bitcoin because it's not approved by government or Warren Buffet, then Bitcoin is not for you. Bitcoin was created to give people control over their money, that should be enough reason to use it if you find this feature appealing.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: ChiBitCTy on October 09, 2020, 07:12:13 PM This is clearly a troll post here. So what does "no country has approved Bitcoin" even mean? Bitcoin is legal in most countries on this planet. The United States plans on rolling out some sort of set of regulations about Bitcoin, but has come out stating they are open to cryptocurrencies and don't want to necessarily try and control it which could put a damper on technological advancment.
Secondly, Warren Buffet may be the greatest stock market investor of all time, but he has no clue how cryptocurrency or bitcoin actually works, and he's stated as much. Also keep in mind he has reasons for not wanting bitcoin to succeed. The man has heavy ownership in banks which bitcoin directly threatens. TROLL Title: Re: 12 years and no country has approved Bitcoin ?? Post by: TedMosby on October 09, 2020, 07:12:27 PM still no country has approved Bitcoin ?? it is legal here in my country, Indonesia. yes, it's approved by the government. however, it was approved as a commodity. it's regulated and legal to trade bitcoin here. just like any other country. but, if you mean bitcoin as a medium of payment, it's strictly forbidden here. but since it decentralized and has a strong privacy point, people still used it as a medium of payment illegally, OTC. I believe it happens in other countries as well. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Shasha80 on October 09, 2020, 07:16:15 PM Satoshi Nakamoto's main goal in making Bitcoin was to replace fiat, so that it could become a global currency. But the problem is
that it is impossible for the government to accept Bitcoin that cannot be controlled, so it's not easy to get all countries to accept Bitcoin. But if Bitcoin is accepted as a digital asset, many countries have accepted this. Then regarding Warren Buffet's statement that Bitcoin will end badly, don't believe too much, because Warren Buffet is not a god who can know the future. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: 2double0 on October 09, 2020, 07:16:26 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh Bitcoin is not someone's father's personal Visa that needs approval from countries. It can freely be transferred (with a nominal fee) to any place without any boundaries and intermediaries involved. What kind of approval do you need more than this? There are countries where the state of crypto is still unclear but a few countries have already welcomed crypto and started accepting it. Quote and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) And I think we should not give his words too much credibility here. If you are a blind follower of him, why are you worried about Bitcoin? Title: Re: 12 years and no country has approved Bitcoin ?? Post by: ChrisPop on October 09, 2020, 07:20:11 PM We don't need countries to approve Bitcoin. We just need them not to ban it. ;)
We need businesses around the world to adopt it though. For now we do have a consensus that Bitcoin is valuable and maybe it's a viable hedge in crisis times. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Broke@$$Joe on October 09, 2020, 07:24:35 PM My country has finally legitimized Bitcoin in March 2020, that's when I come to know about Bitcoin cuz I heard about it on my countries mainstream media.
In march 2020 Govt. here welcomed others to invest on any crypto exchange-platform be it physical or virtual, and also Banks here are buying Bitcoin .. to what extent of money/capital I don't know but that's sure they are buying it, I've heard about it from some friends of mine that work on various banks. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: adzino on October 09, 2020, 07:29:57 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh No country has approved bitcoin? What do you mean? If it isn't approved, then how are people using it to make online purchases? How come there are hundreds on ATM on the street? If it was illegal, there wouldn't be any exchanges and those ATMs would be taken down. There are only few countries that doesn't approve usage of bitcoin.and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) Now, buy approval if you mean legal tender, then isn't it a little too early to expect bitcoin to take over fiat currencies (like that is ever going to happen in the next few decades)? Bitcoin is still in its infant stage and a lot is there to develop. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Fatemablabla on October 09, 2020, 07:40:38 PM How can you say no countries approved bitcoin yet? I know that many merchants are accepting bitcoin for payment legally in many countries. Last year when I visited Saudi Arabia I saw many bitcoin atm. If the government didn't approved how they are using the bitcoin atm? I think you should do some research before posting anything here. It will save both of ours time.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: bitbunnny on October 09, 2020, 07:41:58 PM What does that actually mean for Bitcoin to be approved? Through the years government's attitude towards Bitcoin and cryptocurrency in general changed a lot in positive way. It's true, in many countries isn't regulated yet, at least not in full, but it's freely used in most of countries, acceptance is increasing as well as number of services connected with Bitcoin. So, the progress is visible, we have to admit that.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: ShowOff on October 09, 2020, 08:10:31 PM This just sounds like a really weak attempt at trolling. I hope not because if the OP is really a new user who comes here then this topic is his first writing about bitcoin because the rest is submitting authentication on the bounty thread. Although in my opinion the OP is not a new member in crypto but I will still consider him as a member who does not have much knowledge about bitcoin based on his posting history. But if it's a troll experiment then there's no point in feeding it. Because trolls should be left alone without having to be served and that is a way to weaken them.Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Asuspawer09 on October 09, 2020, 08:41:46 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) What do you mean approved? Basically, I think in countries that bitcoin is legal we can consider that bitcoin is approved in that country since everyone in that country could legally use or buy bitcoin. We can't really expect countries to approved a decentralized currency like bitcoin, countries have their own currency that they control and they could trust, bitcoin could be an alternative currency. In my opinion, as long as countries are not banning bitcoin its good to go already, the country is going to adopt in the bitcoin technology at some point as long as bitcoin is not illegal in that country. When it comes to legality I think bitcoin is adopting pretty well as there are only a few countries that banned bitcoin. https://i.imgur.com/GHbO7Bn.png https://i.imgur.com/UtYKGto.png Source: https://commons.wikimedia.org/wiki/File:Legal_status_of_bitcoin.png Title: Re: 12 years and no country has approved Bitcoin ?? Post by: BChydro on October 09, 2020, 08:53:10 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh The launch date is a blunder and you are quoting an old man who made his money hedging funds and what are you expecting in a decentralized currency, each and every government approving a decentralized currency. It is your choice whether you wanted to invest in it or not and if you are not interested in the market you can leave it alone. The technical aspects is well documented and if there is any asset that gave its investors the profit in the last 10 years it is bitcoin and nothing else.and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Renampun on October 09, 2020, 09:30:19 PM This just sounds like a really weak attempt at trolling. If you don't want Bitcoin because it's not approved by government or Warren Buffet, then Bitcoin is not for you. Bitcoin was created to give people control over their money, that should be enough reason to use it if you find this feature appealing. hahaha, I agree that Bitcoin is not suitable for OP...Bitcoin = be your own bank or control your own money. if governments around the world approved Bitcoin then indirectly we can no longer control our own money. currently, there are several countries that include Bitcoin in the list of investment assets that are monitored but that does not mean they approve Bitcoin, they only monitor Bitcoin because it is possibly misused by criminals. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Artemis3 on October 09, 2020, 09:57:47 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) Bitcoin was approved by Japan in 2014, only 5 years after its introduction (2009 not 2007). Therefore what you said is a lie, and with what purpose i wonder. Given your status and number of messages in this forum, i can only imagine what your objective is. https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory TL;DR: You lie. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: famososMuertos on October 09, 2020, 10:31:19 PM Let's ignore your writing or mental error.
Whatever, It does not matter who approves or who does not, The Bitcoin Core, in its RHbtc factor is circulating and not even viruses knock it down. its white and orange globules are enough for now. ...//...: 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) One should always take the trouble to cite the source, there are several but I will take this one: https://www.theguardian.com/technology/2018/jan/10/bitcoin-and-cryptocurrencies-will-come-to-a-bad-end-says-warren-buffettI like the old man, he has his charm. Mr. Warren Buffet, that comment using the sense of premonition, just, Ok! And just ok! because a comment does not hurt, but it seems that every time a bitcoin confirmation occurs, some suffer from a headache. I am happy, how everything is going with bitcoin. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: JakobFugger on October 09, 2020, 10:42:38 PM What you really need to understand, is the power that being able to print your own money has. That's why there are so many currency. We live in a world of financial leverage. Printing today means controlling the basic interest rate of your economy, The government's ability to borrow at the rate it wants. Control the population's purchasing power. Control imports and exports.
It becomes very difficult to have a caged beast like Bitcoin, free in your country. The government loses that power and needs to create other instruments if it wants to continue to have that control. That said, Bitcoin can only become a currency with great circulation in a country if society does so. Society needs to start seeing its advantages and freedoms. It is the power that breaks borders and diminishes governments, especially those that are excessively controlling. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Ridwan Fauzi on October 09, 2020, 11:11:11 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh Approved by what? and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) My country has been accepting bitcoin as a commodity, I can freely use bitcoin as a source/side income, it means the government has approved bitcoin. And this thing has happened in most countries, indeed there is still a few countries who accept bitcoin as means of payment system, but it is just a proccess bioin will be accepted by most people if they know it. As for now, the people still doubt to bitcoin, they still indifferent to bitcoin but who knows in the future ? I bet they will accept it. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: bobyhodob on October 09, 2020, 11:16:22 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh Approved by what? and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) My country has been accepting bitcoin as a commodity, I can freely use bitcoin as a source/side income, it means the government has approved bitcoin. And this thing has happened in most countries, indeed there is still a few countries who accept bitcoin as means of payment system, but it is just a proccess bioin will be accepted by most people if they know it. As for now, the people still doubt to bitcoin, they still indifferent to bitcoin but who knows in the future ? I bet they will accept it. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Wexnident on October 09, 2020, 11:47:35 PM Allowing it's existence is approval in of itself already, there's absolutely no need for the government to parade on how they would like to accept Bitcoin mainly due to the fact that it's existence itself has no governing body. Sure, if someone were behind Bitcoin, then talks would be on it's way and governments would probably file a contract that would bring profits in for them, but there's no one to talk to. They may ban it since they don't particularly like how it's decentralized system is, but as for allowing it? As long as it isn't banned, you can consider a country to allow it's usage imo.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Traderbtcc on October 10, 2020, 12:30:33 AM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh Actually it was launched in 2009,if what you mean by approve means adopting bitcoin and making it their national currency, I'm not sure that ever gonna happen, the government will never accept a decentralized currency,they dislike anything decentralized, the government would have adopted bitcoin if it was a centralized coin which they can control and regulate, but sadly its not,so I don't think that's gonna happen anytime soon. and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) And in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) Whatever he said about bitcoin is none of my business, bitcoin is the new technology for the future, and I will always brace the future anytime, any day. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: bitzizzix on October 10, 2020, 01:14:50 AM Perhaps the main reason is the fear of these countries about the volatility and uncertainty of digital currencies which are very risky, and besides the fear that digital currencies are used to finance terrorism and other crimes.
I personally live in the country where I live as long as I can use or own bitcoin for me for whatever reason I don't care, even though I can't use bitcoin as a transaction tool I can still use it by exchanging it for fiat for any use. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: abhiseshakana on October 10, 2020, 02:19:10 AM Oh no, Japan law recognising Bitcoin as legal tender, Swiss public transport and municipal tax payable in Bitcoin, universities accepting Bitcoin as fee payments, hell, regulated and licenced merchants accepting all my bitcoin all these years... Fake news? Where have you been OP? Bitcoin penetration in Japan is very good. As we know that Japan has been trapped in a downward spiral of deflation for decades, this has made the economy in Japan less excited. Japan decided to adopt bitcoin as an alternative to facing Japan's economic problems, because of the benefits it received from bitcoin trading, spurring people's income and in the end, it could strengthen the desire for consumption which would boost Japan's GDP. In addition, Japan took the momentum when major countries in Asia rejected bitcoin, so that many bitcoin investments entered Japan, as evidenced by bitcoin trading with Yen, the second largest in the world. The main target for the adoption of bitcoin in Japan as a legal tender is to change the consumption pattern of the people from like to save to like to invest and spend, which in the end could be a solution for deflation in Japan. https://www.coinhills.com/market/currency/ Title: Re: 12 years and no country has approved Bitcoin ?? Post by: rodskee on October 10, 2020, 02:36:21 AM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh it's 11 years to be precise mate,and expect the unexpected because government won't earn from decentralized market and Bitcoin is certainly one of those so approving will take time to be implementing.Quote and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) Do you believe in Warren Buffet?then if you does better leave this forum now because you are not contributing here instead creating FUD.seems like you are not into this forum and so as the forum for you. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: affandi on October 10, 2020, 02:37:59 AM looks like you're frustrated ...? It is not easy for the government to accept the existence of bitcoin and the reason is quite clear, "the government cannot control bitcoin".
the figure of a warren buffet is indeed very famous in the world, but would you just believe it with all the predictions? come on guys, bitcoin is under development, everything needs a process. at least now we can use bitcoin for short and long term investment and also for trading, don't waste all of this. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Coroline on October 10, 2020, 02:57:19 AM Approved by what? Maybe the OP meant legalized. Because we know, that not all countries legalize the existence of Bitcoin, even though some do. So when a country accepts Bitcoin as an alternative means of payment, everyone in that country will be curious about Bitcoin and start trying to use it, so the volume of Bitcoin transactions will increase as a whole.Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Francis Freeman on October 10, 2020, 03:34:30 AM Approved by what? Maybe the OP meant legalized. Because we know, that not all countries legalize the existence of Bitcoin, even though some do. So when a country accepts Bitcoin as an alternative means of payment, everyone in that country will be curious about Bitcoin and start trying to use it, so the volume of Bitcoin transactions will increase as a whole.Yeah I think the OP means the government officially recognising Bitcoin as a method of payment . If that happens it would create huge awareness for the people about crypto currency. But the government are hesitant to do so as it will undermine the financial ecosystem which they are controlling right now. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: taufik0911 on October 10, 2020, 03:51:19 AM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh A lot of countries approved it, but isn't considered money. But in countries like Mexico you can legally buy them and sell them and only pay tax over the profit. I don't think countries will see bitcoin as money. That could bring enormous problems to the economy, that's why it's legal as an inversions instrument. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Lorence.xD on October 10, 2020, 04:09:25 AM Some countries have already permitted bitcoin and many countries are thinking to permit it. The most successful matter of Bitcoin is that it has become a matter of thinking for all over the world; some are thinking positively and some, thinking negatively and some are neutral. You see that what was the position of bitcoin at the time of starting, five years ago and now. Surely it has tremendously progressed. Its users, traders and investors have greatly increased. So, I think, there has less possibility of ending Bitcoin. They did accepted it but I think a stink eye is still lingering in regards to bitcoin permission to be used in their country. If my financial institution is threatened by something that liberates the masses from crippling debt and I know for a fact that they are still not planting deep roots in the nation's financial institution. The most rational thing that I will do is try to influence people in power to make strangling regulations that could make the competition disappear behind the curtain or worse make the people that they are helping turn their back against them.Title: Re: 12 years and no country has approved Bitcoin ?? Post by: maxig.boroday on October 10, 2020, 04:16:36 AM Ofcourse they wont approved a decentralized coins where they have no control at all
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: culuuton on October 10, 2020, 04:29:05 AM They disapprove but they also don't strictly ban it, so things are going well. Some experts including Warren Buffet, they also emotionally predictable, no one can know the specific and exact future development of bitcoin.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: gabbie2010 on October 10, 2020, 07:08:46 AM The use and adoption of Bitcoin does not necessary need the approval of any government because of its decentralized feature, government can only regulate it, any individual, organization, company or store might adopt the use of Bitcoin as an option of payment without government interference, in the nearest future many countries will the see the benefit of adopting bitcoin due to its transparency usefulness of its blockchain technology in solving many problems.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: verita1 on October 10, 2020, 07:47:22 AM I agree that is what will happen. Countries will be adopting Bitcoin because people will be creating demand and governments will have to seize the moment and the benefits of introducing it into their economies.
I think there is no country that Bitcoin is not known for, what we need is for more people to know about bitcoin and how they can introduce it into their daily lives. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: buwaytress on October 10, 2020, 07:47:38 AM Bitcoin penetration in Japan is very good. As we know that Japan has been trapped in a downward spiral of deflation for decades, this has made the economy in Japan less excited. Japan decided to adopt bitcoin as an alternative to facing Japan's economic problems, because of the benefits it received from bitcoin trading, spurring people's income and in the end, it could strengthen the desire for consumption which would boost Japan's GDP. In addition, Japan took the momentum when major countries in Asia rejected bitcoin, so that many bitcoin investments entered Japan, as evidenced by bitcoin trading with Yen, the second largest in the world. The main target for the adoption of bitcoin in Japan as a legal tender is to change the consumption pattern of the people from like to save to like to invest and spend, which in the end could be a solution for deflation in Japan. As much as I like this narrative personally, I don't think it was as nice a story as that. MtGox happened in Japan (biggest exchange scandal ever) and I recall a lot of inward grief from the Japanese authorities who felt that they could have and should have done something to prevent this. The govermnet mobilised really quick to handle the case, and the laws and recognition of Bitcoin coming soon after were almost a direct result of that stain on their record, so to speak. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: witcher_sense on October 10, 2020, 08:20:11 AM Generally, many countries refuse to approve bitcoin as a currency due to the fact they cannot control it. The system where bitcoin is used as key currency will be similar to that we had before gold standard was abolished. But this time, things may get worse. Bitcoin is intangible, it is hard to confiscate, it is almost impossible to centralize in banks' vaults.
More importantly, its total supply is predetermined, you cannot print more at will to finance war crimes. Bitcoin is a currency for peace, not for wars. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: MCobian on October 10, 2020, 08:53:09 AM We must be patient so that Bitcoin can be accepted in all countries of the world, now many countries have started accepting Bitcoin as
digital assets. Meanwhile, the number of countries that accept Bitcoin as a means of payment is still very few. But if you look at Bitcoin which is only 12 years old, development is now including fast. Because the 12 year for currency is still relatively short, for fiat alone it took thousands of years to be accepted worldwide. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: ice098 on October 10, 2020, 10:49:52 AM Generally, many countries refuse to approve bitcoin as a currency due to the fact they cannot control it. The system where bitcoin is used as key currency will be similar to that we had before gold standard was abolished. But this time, things may get worse. Bitcoin is intangible, it is hard to confiscate, it is almost impossible to centralize in banks' vaults. More importantly, its total supply is predetermined, you cannot print more at will to finance war crimes. Bitcoin is a currency for peace, not for wars. Yes bitcoin was not controlled by any countries around the world, this means that this is decentralised and volatile. Maybe one of the reason why no country has approved bitcoin because maybe they think taht BTC may become a threatened to their economy. And i didn't know also why some announced that bitcoin was a scam well perhaps this is just an alibi of the government or maybe they are just studying and having a resaerach about bitcoin. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: acdc on October 10, 2020, 01:35:33 PM I think bitcoin is very difficult to be accepted by governments as a currency. Bitcoin is decentralized and nobody can govern it, governments don't like it.
Perhaps in the future bitcoin will continue to act as an asset rather than a currency. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Maslate on October 10, 2020, 01:47:05 PM I think bitcoin is very difficult to be accepted by governments as a currency. Bitcoin is decentralized and nobody can govern it, governments don't like it. It can't be officially announced or accepted as a currency but allowing their people to use this is good enough to say that we are even closer to their approval. It was not a hard push for everyone to consider Bitcoin as a legal currency that we can buy stuff either online or offline. No, it is not, Bitcoin is intended only for the online platform and so country leaders would hardly to decide and accept it.Perhaps in the future bitcoin will continue to act as an asset rather than a currency. Look at OP, Warren Buffet have to sense at all. he is now living on his unreliable statement that no one will able to trust him and believe what he says. So better to unfollow him, it is not helping you to understand crypto. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: shoreno on October 10, 2020, 01:53:09 PM 2007 realy huh ? so what i read on the past was wrong because they state that btc was launch at around 2009-2k10 and so many users that said that btc was only 10yrs old but was that an important issue to debate with? no matter what year , what important is that btc still done a great job of encouraging people to go cashless and go venture the world of decentralization . 10 or 12 yrs, thats long enough if no single countries accept btc but you think the price will shoot up if no one accepted btc ? forget about warren he is just one of many insecure personalities in this scene .
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: pawanjain on October 10, 2020, 02:25:56 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh Buddy, you seem to have a wrong perception about bitcoin. Bitcoin was created so that the Governments and Banks cannot control our money. and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) It should be us to control our money. Bitcoin is serving it's purpose very well and it does not need any approval from any country. There are people who accept bitcoin and provide their services and there are merchants who accept bitcoin. Also, I would recommend you to read the bitcoin whitepaper as you will get more insights and a better understanding about bitcoin. Bitcoin Whitepaper (https://bitcoin.org/bitcoin.pdf) Title: Re: 12 years and no country has approved Bitcoin ?? Post by: pragna on October 10, 2020, 03:17:18 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) I think there are lack of information in your comments as many government body and big banks like Swiss, US central bank accepting BTC as custody. Even many tourist zones, Hotels now accepting BTC, ETH. As it new to economy and decentralized program governments needs more time to realize its function and hope it will explore more and more within short time. thanks. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Velvet78 on October 10, 2020, 06:39:05 PM They didn’t approve it because bitcoin emerged against local currencies and states were not able to control the bitcoin stock market. Despite this situation, governments have already started working to issue centrally-controlled and state-sponsored cryptocurrencies.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: semobo on October 10, 2020, 08:12:48 PM Lot of countries made cryptos as legal but not as legal tender since each and every country has its own toilet paper as currency so it is supposed to be only used in their opinion.But some countries made it as legal in terms of digital assets which is still legal right and you can use it for any purposes other than illicit activities. To use bitcoin you need privat keys not the approval of your government.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: abel1337 on October 10, 2020, 08:54:06 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh Buddy, you seem to have a wrong perception about bitcoin. Bitcoin was created so that the Governments and Banks cannot control our money. and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) It should be us to control our money. Bitcoin is serving it's purpose very well and it does not need any approval from any country. There are people who accept bitcoin and provide their services and there are merchants who accept bitcoin. Also, I would recommend you to read the bitcoin whitepaper as you will get more insights and a better understanding about bitcoin. Bitcoin Whitepaper (https://bitcoin.org/bitcoin.pdf) Title: Re: 12 years and no country has approved Bitcoin ?? Post by: DoublerHunter on October 10, 2020, 09:13:26 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh ^ Different countries have a different perspective view on bitcoin and other cryptos. Some of them banned bitcoin but vast of the majority and most governments are there is no such rule and they are neutral to it. But as you can see, there are certain countries that realized how bitcoin will work and how it will function, their curiosity will explore, and probably they will take advantage of what you been advised. Nevertheless, as of now, they saw how useful this is not only during the pandemic, a cashless society is very important.and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) Title: Re: 12 years and no country has approved Bitcoin ?? Post by: DooMAD on October 10, 2020, 10:59:36 PM If someone is looking for approval, it means they're asking for permission. We're not asking for permission. We don't need it.
In fact, Bitcoin almost certainly works better without being "approved". Because, generally, in order to get permission to do what we do from the state, you have to make certain concessions. Compromises that would make Bitcoin weak and ineffective at what it does best, which is that no one can block you from transacting with whoever you want. You know who's got permission? PayPal. They can block your payments if the state tell them to. Visa. They can block your payments if the state tell them to. Mastercard. They can block your payments if the state tell them to. Starting to see a pattern? Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Yatsan on October 10, 2020, 11:57:23 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) What do you mean when you have said approved? Do you mean to fully adapt on using Bitcoin? There are already countries who have legalized and accepted Bitcoin usage. But if you do mean that approval seeks to turn Bitcoin into their national currency, then it is far beyond impossible for each and every country have their own national currency and that serves as an identity of a country just like their sovereign they have. Also, why do you take advices or suggestions coming from any famous personality when you can decide and see it on your own that even after every struggle that Bitcoin takes, it always keep up on doing recovery. If you are really into Bitcoin, then just believe on what you can see on your own and not by other people. You have your own mind so better make use of it and do be reliant into other people's opinion. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: btc78 on October 11, 2020, 01:20:21 AM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh I am just Wondering on all your post is Pure Bounties and it can be checked hereand in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) https://bitcointalk.org/index.php?action=profile;u=2861414;sa=showPosts But you come here to Post this?you have not even Join and Bitcoin paying bounties but your concern is the approving of bitcoin? why not Stay in your Bounties and let Bitcoin community without Fud creating. They didn’t approve it because bitcoin emerged against local currencies and states were not able to control the bitcoin stock market. Despite this situation, governments have already started working to issue centrally-controlled and state-sponsored cryptocurrencies. yup and we can see that even banks are starting to adopt crypto currency.Title: Re: 12 years and no country has approved Bitcoin ?? Post by: btc-facebook on October 11, 2020, 03:11:19 AM They didn’t approve it because bitcoin emerged against local currencies and states were not able to control the bitcoin stock market. Despite this situation, governments have already started working to issue centrally-controlled and state-sponsored cryptocurrencies. It is a fact that will happen, in the end many countries will make their own cryptocurrency, and at that time decentralization will be questioned in cryptocurrency.but I am sure even if that happens, bitcoin will still exist because many people prefer decentralization to centralization, and bitcoin does not need to be approved by the state as long as there are still many communities that support this technology. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: pankaj1234 on October 11, 2020, 04:15:40 AM cryptocurrencies are very unusual product happens when every country make their own crypto. It is used for online payment or transfer from one to another then why should use bitcoin it will be their country own cryptocurrencies. So it is very hard to say what is going in in the mind of countries supremo. In some countries you can purchase legally through bitcoin. Lets see what happens but one this I like to say bitcoin has make a place in whole world and lots of money has been invested in btc arround world.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: DrG on October 11, 2020, 04:24:41 AM Ahh, good old Warren Buffet. A man that I was told to respect when I was a child. A man that I did respect until I found out what a lying 2 faced pony soldier he was. He campaigned against the oil pipeline saying it would spill oil when the reality was that his rail lines have more oil spills than the pipeline would likely incur. He also champions curbing green house emissions but has no problem flying everywhere in a private jet.
People only listen to him because he has money and can move the market. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: coolcoinz on October 11, 2020, 10:33:58 AM What do you mean by approved? The way I see it, if something is legal it also is approved. Up to thispoint at least half of the countries around the world have recognized Bitcoin as an investment or a financial instrument. I don't understand what OP is ranting about, but you can go to almost any EU country and be able to trade Bitcoin, use a Bitcoin ATM, be able to report a bitcoin theft to the authorities...
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Lucius on October 11, 2020, 11:00:26 AM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) 10 years and no country has approved Bitcoin ?? 23 February 2018, 14:01:58 Bitcoin was launched in 2007. It's 10 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" Whether it's the same user who just c/p their old posts with minor changes, or it's plagiarism, I have no doubt that the OP should think deeply about his actions and read the forum rules. Low quality topics do not belong here. (https://bitcointalk.org/index.php?topic=1649348.0) Title: Re: 12 years and no country has approved Bitcoin ?? Post by: CaVO32 on October 11, 2020, 11:47:49 AM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) 10 years and no country has approved Bitcoin ?? 23 February 2018, 14:01:58 Bitcoin was launched in 2007. It's 10 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" Whether it's the same user who just c/p their old posts with minor changes, or it's plagiarism, I have no doubt that the OP should think deeply about his actions and read the forum rules. Low quality topics do not belong here. (https://bitcointalk.org/index.php?topic=1649348.0) Came to find out after 5 pages of this thread, he just copied his post to someone else's. ::) Also, as others already stated, it doesn't mean that bitcoin is illegal if the government has not approved the usage of it. Take a look below articles and you can see the global map about the status of bitcoin around the globe. From the overview of it, all the colored green are countries having bitcoin as legal entity. So btc is actually not doing bad after more than a decade of its existence. https://cryptonews.com/guides/countries-in-which-bitcoin-is-banned-or-legal.htm https://i.postimg.cc/tJQVBcD0/Screen-Shot-2020-10-11-at-7-44-26-PM.png https://www.mitrade.com/forex/crypto/crypto-market/is-bitcoin-legal Title: Re: 12 years and no country has approved Bitcoin ?? Post by: DarkDays on October 11, 2020, 12:24:04 PM Ahh, good old Warren Buffet. A man that I was told to respect when I was a child. A man that I did respect until I found out what a lying 2 faced pony soldier he was. He campaigned against the oil pipeline saying it would spill oil when the reality was that his rail lines have more oil spills than the pipeline would likely incur. He also champions curbing green house emissions but has no problem flying everywhere in a private jet. And because people listen to these people on the pure basis that they have money and can move the market is where the heart of the problem lies. The more people give in to these people the more they empower them, and thus encouraging them to continue doing what the've always done, and that's blubber for the sake of public facing and getting coverage. Because once someone said, bad press is better than no press at all - you can probably guess who that person is.People only listen to him because he has money and can move the market. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: svaboda54 on October 11, 2020, 02:08:18 PM This just proves that bitcoin has been decentralized for 12 years. This is a good trend for crypto.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Ludmilla_rose1995 on October 11, 2020, 02:14:12 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh Bitcoin is a decentralized cryptocurrency, The country can't control of bitcoin, there is no way the country can approve or make bitcoin be the national currency in a country. If you believe in Warren Buffet, that's your right. but I don't believe it.and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Simakura on October 11, 2020, 02:16:55 PM What I know now is that many countries are Approving cryptocurrency.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: rodskee on October 11, 2020, 02:34:31 PM This just proves that bitcoin has been decentralized for 12 years. This is a good trend for crypto. it is almost 11 years and not 12 years mate,but yeah Bitcoin is still strong being decentralized and this is what we all want to prove here.What I know now is that many countries are Approving cryptocurrency. approving but not accepting as a currency and this is what OP is pointing though it is impossible to happen for now until government of the world accept that they can allow even it is decentralized.Title: Re: 12 years and no country has approved Bitcoin ?? Post by: acdc on October 11, 2020, 05:32:58 PM I think bitcoin is very difficult to be accepted by governments as a currency. Bitcoin is decentralized and nobody can govern it, governments don't like it. It can't be officially announced or accepted as a currency but allowing their people to use this is good enough to say that we are even closer to their approval. It was not a hard push for everyone to consider Bitcoin as a legal currency that we can buy stuff either online or offline. No, it is not, Bitcoin is intended only for the online platform and so country leaders would hardly to decide and accept it.Perhaps in the future bitcoin will continue to act as an asset rather than a currency. Look at OP, Warren Buffet have to sense at all. he is now living on his unreliable statement that no one will able to trust him and believe what he says. So better to unfollow him, it is not helping you to understand crypto. I think it takes a very long time and a lot of effort for bitcoin to be accepted by the government. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: ragavancoin on October 11, 2020, 06:03:45 PM There are so many country are done the regulations on bitcoin to use, for the example ( Japan ) and more. but still any country can't approve the bitcoins as a currency due to to many reasons like bitcoin is a decentralize and more. But I hope we can see more counties can launch their own crypto currency in future as what chain did.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Mpamaegbu on October 11, 2020, 07:54:22 PM ...and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) May be in the next five years from now Warren Buffet will find it necessary to take back his word on that. On the Bitcoin journey so far, I think we are gradually getting there. I am of the opinion that good things don't come cheap. Come to even think of it, the Bitcoin idea will take away financial power from the government and place it in the hands of people we don't expect government to speedily do anything positive to aid its adoption. This just proves that bitcoin has been decentralized for 12 years. This is a good trend for crypto. Yes, 12 years and still counting. Cryptocurrency in a budding industry that has come to stay. Greater things ahead.Title: Re: 12 years and no country has approved Bitcoin ?? Post by: oprahwindfury on October 12, 2020, 03:32:30 PM Bitcoin is a decentralised currency.So this is very natural that no government will approved bitcoin as they can not control it by themselves.now second answer is,People around the world has different mind and thoughts.It was his thought but
undoubtedly it was a wrong assumption because bitcoin is still here and leading the crypto currency. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: wxa7115 on October 12, 2020, 06:22:35 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh I think you are completely missing the point, bitcoin doesn't need approval of governments or banks, that is the whole point, if they decide to approve it then that is fine with me, but if they do not then who cares? You can still use it in whatever way you want as long as you keep your mouth closed, bitcoin is the currency of the people and it is way better than their fiat counterparts, this is why governments feel threatened, this is why they cannot accept it because if they do they will lose a great deal of their power.and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) For the first time in history you can safely store your money without the need of a third party and move it between countries without anyone noticing it, this has the governments scared but at the same time they realize they cannot destroy it even with their best efforts. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Serious475 on October 12, 2020, 07:19:42 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh We cannot easily say that because there is a lot of companies that took long time to get succeed and it is like bitcoin that will make a good performance if the number of users gets high since the demand will also get higher. If all of us is responsible enough to the point that we promote bitcoin to our friends and families then bitcoin will surely prove its success earlier. Just like on one article i already read "https://www.entrepreneur.com/article/272710". Those who works on the company just promotes the product and make the demand higher and after that, they prove their worth.and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) Title: Re: 12 years and no country has approved Bitcoin ?? Post by: 7788bitcoin on October 12, 2020, 07:54:28 PM People only listen to him because he has money and can move the market. Good Old Warren Buffet would do anything to move the market in which he heavily invested and that is his talent and that is how he made his billions. Warren Buffet is not a big fan of cryptocurrency and bitcoin and you cannot blame him as he has no idea how the market revolves when you compare how the stock market moves as it is a global market and he or anyone cannot single handedly manipulate the market unless you take the risk of loosing big time, but when it comes to stock market he just need to understand the US market and can determine and manipulate the market.Title: Re: 12 years and no country has approved Bitcoin ?? Post by: DeathAngel on October 12, 2020, 08:55:56 PM Bitcoin doesn’t need governments to fall in love with it. National currencies are in a whole new world of trouble now with a great recession brewing, people with flock to bitcoin to preserve their wealth. Govs will have no chooce but to get bitcoin friendly or get left behind.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Light onuoha on October 12, 2020, 11:30:34 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh Bitcoin might not be approved yet, but it generates incomes that most countries can't afford. So patients it's a key, all good things don't come easily. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: kawetsriyanto on October 12, 2020, 11:45:06 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh Bitcoin is not launched in 2007 but officially launched in 2009 by Satoshi Nakamoto.and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) In fact, his prediction is wrong, it is 2020 right now and BTC still goes up. The price of BTC is still volatile and will never be stable. But the value of BTC is increasing, many more people interested, and also get in the BTC. And how can you believe in that kind of prediction? I think that the prediction is only for those who lose much in BTC. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Kasabus on October 12, 2020, 11:57:15 PM Bitcoin doesn’t need governments to fall in love with it. National currencies are in a whole new world of trouble now with a great recession brewing, people with flock to bitcoin to preserve their wealth. Govs will have no chooce but to get bitcoin friendly or get left behind. Bitcoin is a decentralized currency so there is no need for a government to backed it up. Although its hard for bitcoin to become a global currency, having it as a alternative currency and a very good investment is already a good achievement for bitcoin. There are already few countries who have been supporting bitcoin but not using bitcoin as their main currency, only a good alternative mode of payment.Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Sadlife on October 13, 2020, 12:11:00 AM Look at it now, its now in the process of becoming an alternative solutions for fiat payments that takes long to complete within 5-7 business days. Even big companies such micro strategy and square including Fidelity has launched a Bitcoin investment futures and ETF's making it accessible to Institutional investors.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Pamadar on October 13, 2020, 12:25:30 AM Bitcoin doesn’t need governments to fall in love with it. National currencies are in a whole new world of trouble now with a great recession brewing, people with flock to bitcoin to preserve their wealth. Govs will have no chooce but to get bitcoin friendly or get left behind. Bitcoin is a decentralized currency so there is no need for a government to backed it up. Although its hard for bitcoin to become a global currency, having it as a alternative currency and a very good investment is already a good achievement for bitcoin. There are already few countries who have been supporting bitcoin but not using bitcoin as their main currency, only a good alternative mode of payment.Agree to that! Bitcoin was decentralize which is far from realization that government will embraced and change their current system to move and use it as their main currency, is more on alternatives sides of fiat where you can transact using this system and function same a like with how currency works. Good enough after several years, there are many businesses who acknowledge this chain, aside from being alternative money being a tool for investment is still Bitcoin was really known for. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Cootie on October 13, 2020, 12:25:51 AM I think one reason why governments weren't be able to accept bitcoin is because it can disrupt the flow of economy inside a country. Imagine having something that you can't control. What would happen? It could cause a drastic, which is good if thing goes smooth. But otherwise, it could cause chaos like the typhoon does to everything in its path. Like the typhoon, you can't control its strength, range, direction, speed etc. Similar to bitcoin, you can't control it's price, it go down or up to the extremes, which is, a significant factor to consider once it is in the economy of a country. And once it happens, bitcoin will forever be changed.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: ampu on October 13, 2020, 12:51:51 PM Allowing bitcoin to be a payment tool for purchases is an acknowledgment. Bitcoin is just like any other currency in some countries, bitcoin is equal and has the same value when it comes to buying goods.
Some countries also prohibit payments in bitcoin, some countries can even go to jail if using bitcoin. We need to realize that bitcoin is just one solution and hardly a substitute for national currencies. The adoption of bitcoins in the payment system has been a sizable treat. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: ekeh on October 13, 2020, 01:59:46 PM Bitcoin is a decentralized currency, that is digital form which no one can be control, including the government, they only adopt the system. Having said that, bitcoin has more prospect in future, the more year we go, the more it more appreciating...
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: vania vin on October 13, 2020, 02:01:50 PM some countries do not prohibit bitcoin transactions on the market, but many countries claim bitcoin is illegal but in these countries bitcoin transactions are still valid even though these countries do not legalize it. Please note bitcoin is one of the best investments and they hide it because the country is illegal bitcoin.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Yamifoud on October 13, 2020, 02:33:36 PM I think one reason why governments weren't be able to accept bitcoin is because it can disrupt the flow of economy inside a country. Imagine having something that you can't control. What would happen? It could cause a drastic, which is good if thing goes smooth. But otherwise, it could cause chaos like the typhoon does to everything in its path. Like the typhoon, you can't control its strength, range, direction, speed etc. Similar to bitcoin, you can't control it's price, it go down or up to the extremes, which is, a significant factor to consider once it is in the economy of a country. And once it happens, bitcoin will forever be changed. It simply because Bitcoin is decentralized and a reason why some country leaders aren't making its way to ruin their economic interest. it has been discussed already before about its regulations and wanted that the government will take control over it but it was been declined since there is no support from the community. Some didn't while some countries also are open to Bitcoin and allowed their people to make use of it. It can be somehow in the future that these countries who against Bitcoin will change their mind. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Wallflower28 on October 13, 2020, 02:51:52 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh Because bitcoin was not still regulated by any country due to its decentralization. Many countries still have doubt to adopt bitcoin as their main currency. Well, we just be thankful enough even our country does not want it to be regulated but we can freely use cryptocurrency inside of our country. We don`t know if what Warren Buffet said will become true since bitcoin still growing and dominating the market. and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) Whether bitcoin will use by different country or not, its okay. As long as we can use it whenever we want without any harm. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: mezzaluna on October 13, 2020, 02:58:15 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) Its not like it still needs approving or legalizing. Bitcoin is good the way it is since its already being used Internationally but it is still possible for a country to pursue the utilization of Bitcoin into further applications. All we can do is support it and watch how it will go. Keep HODLing!! Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Serious475 on October 13, 2020, 07:21:42 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) Its not like it still needs approving or legalizing. Bitcoin is good the way it is since its already being used Internationally but it is still possible for a country to pursue the utilization of Bitcoin into further applications. All we can do is support it and watch how it will go. Keep HODLing!! Title: Re: 12 years and no country has approved Bitcoin ?? Post by: serjent05 on October 13, 2020, 07:32:30 PM Bitcoin doesn’t need governments to fall in love with it. National currencies are in a whole new world of trouble now with a great recession brewing, people with flock to bitcoin to preserve their wealth. Govs will have no chooce but to get bitcoin friendly or get left behind. Bitcoin is a decentralized currency so there is no need for a government to backed it up. Although its hard for bitcoin to become a global currency, having it as a alternative currency and a very good investment is already a good achievement for bitcoin. There are already few countries who have been supporting bitcoin but not using bitcoin as their main currency, only a good alternative mode of payment.Agree to that! Bitcoin was decentralize which is far from realization that government will embraced and change their current system to move and use it as their main currency, is more on alternatives sides of fiat where you can transact using this system and function same a like with how currency works. Well, the government will never allow an uncontrolled entity to dominate its economy. That goes to Bitcoin too, but we are lucky that some governments acknowledges Bitcoin as a medium of exchange while others see it as an intangible asset. Bitcoin even though won't be used as a major currency of any country, it will always be on the sideline as an alternative Good enough after several years, there are many businesses who acknowledge this chain, aside from being alternative money being a tool for investment is still Bitcoin was really known for. Not only businesses but some government acknowledge Bitcoin as mode of payment, that being an alternative. So I guess OP is missing something when he said that no country has approved Bitcoin. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Leviathan.007 on October 14, 2020, 11:13:20 AM Bitcoin is decentralized and no government can ever officially approve bitcoin due to the basics of it. Bitcoin is not controlled by any government or organization, so it's impossible for any country to approve it. However, many countries have allowed bitcoin trading and mining under some condition legally. But, if by "approved" you mean getting approved as a currency, It's not possible.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Jaered on October 14, 2020, 03:18:20 PM Lol. You don't expect the government to approve or legalize a currency it cannot control. Seriously? Crypto was created to evade government and institutional control, not the other way round.Many corps and vending platforms like Newegg already accept crypto. That to me is enough blessing.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Alucard1 on October 14, 2020, 03:37:57 PM Every country has its currency so they think that they don't need to accept more cryptocurrency and besides cryptocurrency or bitcoin is decentralized, how could a government accept it, they won't control bitcoin, no one can control bitcoins they will not accept it on their own country but there are already some countries who allowed some their netizens to have crypto transactions, such mining, trading, and investing. That is good because you can do whatever you want about cryptocurrency as long as it is good for your country.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: onecall123 on October 14, 2020, 04:05:49 PM Bitcoin doesn’t need governments to fall in love with it. National currencies are in a whole new world of trouble now with a great recession brewing, people with flock to bitcoin to preserve their wealth. Govs will have no chooce but to get bitcoin friendly or get left behind. Bitcoin is a decentralized currency so there is no need for a government to backed it up. Although its hard for bitcoin to become a global currency, having it as a alternative currency and a very good investment is already a good achievement for bitcoin. There are already few countries who have been supporting bitcoin but not using bitcoin as their main currency, only a good alternative mode of payment.Title: Re: 12 years and no country has approved Bitcoin ?? Post by: imteaz on October 14, 2020, 11:34:09 PM I don't think Bitcoin needs any countries approval, I like the way bitcoin is, and nobody can stop it. If its regulated, then It will be boring like the stock market. So Bitcoin is right now like the wild west, that way people are enjoying the rise and down of bitcoin. But soon or later It will be regulated, and the fun will be over by then. But I believe within the next couple of years many countries will approve bitcoin as an electronic asset.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: FlightyPouch on October 14, 2020, 11:58:54 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) Its not like it still needs approving or legalizing. Bitcoin is good the way it is since its already being used Internationally but it is still possible for a country to pursue the utilization of Bitcoin into further applications. All we can do is support it and watch how it will go. Keep HODLing!! That is so true. What we can do now is just wait to what will happen in the near future. Bitcoin is being developed so that it could be used in such manners, right now the adoption is not that high the reason that people are not that familiar with it. In the near future, I think crypto currency will be one of the most popular way to trasact or pay online. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: TimeTeller on October 14, 2020, 11:59:33 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) Its not like it still needs approving or legalizing. Bitcoin is good the way it is since its already being used Internationally but it is still possible for a country to pursue the utilization of Bitcoin into further applications. All we can do is support it and watch how it will go. Keep HODLing!! That is so true. What we can do now is just wait to what will happen in the near future. Bitcoin is being developed so that it could be used in such manners, right now the adoption is not that high the reason that people are not that familiar with it. In the near future, I think crypto currency will be one of the most popular way to trasact or pay online. And with this pandemic, a lot of doors open for crypto business. Many people are looking for online payments and I believe crypto payment is among them. Even merchants who are hesitant before will look at crypto payment method seriously this time. Volatility is always there but if you look at other alts, some of them will solve the tx fee and duration time of tx to go thru. I believe we will be seeing a lot of merchants that will accept crypto payments. And let's hope even our local shops will follow thru. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Coroline on October 15, 2020, 02:38:45 AM Lol. You don't expect the government to approve or legalize a currency it cannot control. Seriously? Crypto was created to evade government and institutional control, not the other way round.Many corps and vending platforms like Newegg already accept crypto. That to me is enough blessing. We do not need to fully need approval from the government to adopt cryptocurrency as a legal currency, but at least with the existence of cryptocurrency which can be accepted in some shops or online stores, it means we can use it to make payments. Even so, legalization from the government does not mean it is no longer important The role of the government can accelerate growth by legalizing it, but cryptocurrency will continue to run and continue to be used even if it does not get permission from the government. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: LimLims on October 15, 2020, 03:08:13 AM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) It won't happen either also. The main reason for this is that, it is a decentralised Currency, so no government can take a control of it. But if you are thinking of if it is legal or not, then yes in many countries it is allowed to use Bitcoins, but they aren't officially accepting it. And as far "Warren Buffet" is concerned then , no one can predict the future. So anything can happen in the near future. So it's better to just wait and watch. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Janation on October 15, 2020, 03:23:25 AM Lol. You don't expect the government to approve or legalize a currency it cannot control. Seriously? Crypto was created to evade government and institutional control, not the other way round.Many corps and vending platforms like Newegg already accept crypto. That to me is enough blessing. Still, there are a lot of countries where Bitcoin is approved. We can conclude that these would not be about the taxes they can't get, it is about the people in their country that are using it and trying to protect them with legalizations although I don't know how that works. As long as I can still use Bitcoin in our country, despite through an exchange, that is fine since more and more stores would accept it in the future. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: The cure on October 15, 2020, 03:36:06 AM Bitcoin was created as a decentralized currency so in my opinion it does not need government approval for us to use it, Bitcoin is constantly evolving and still improving for the future. For me as long as I can use it properly and it helps the majority, there is nothing wrong if we continue to enjoy it.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: imstillthebest on October 15, 2020, 03:45:37 AM Lol. You don't expect the government to approve or legalize a currency it cannot control. Seriously? Crypto was created to evade government and institutional control, not the other way round.Many corps and vending platforms like Newegg already accept crypto. That to me is enough blessing. We do not need to fully need approval from the government to adopt cryptocurrency as a legal currency, but at least with the existence of cryptocurrency which can be accepted in some shops or online stores, it means we can use it to make payments. Even so, legalization from the government does not mean it is no longer important The role of the government can accelerate growth by legalizing it, but cryptocurrency will continue to run and continue to be used even if it does not get permission from the government. isnt it scary ? what if your government declare a btc ban and you still continue of using it on your business and one day a government official sees your shop with a btc accepted here sign . you can get in serious trouble with that , thats why there are people or country that are scared to use btc on thier own without the first move done by thier government . not only its safe and no worries to use btc once it approved by higher authorities , the adoption can also be easily achieve because no single people will have fears and doubt of using it because the announcement came from the govts themselves Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Marina5 on October 15, 2020, 05:33:56 AM Ever since I got acquainted with Bitcoin, I have heard that Bitcoin will be gone forever. But the price of Bitcoin is increasing day by day and also the uses of Bitcoin. Thinking about the future, I think gradually everyone will accept it.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: witcher_sense on October 15, 2020, 06:19:52 AM isnt it scary ? what if your government declare a btc ban From my point of view, you shouldn't be worried that bitcoin will be banned in your country if your government is respecting and protecting the rights to freedom of speech. Bitcoin is a code that contains only letters, numbers and symbols, nothing else. The Bitcoin code is in essence a means of expressing one's thoughts. It is a speech, a free speech. For example, in the US the free speech is protected by the first amendment. You have a constitutional right to use bitcoin, because it is a speech that threatens no one meaning it could be protected under the law. In those countries where constitutions don't work as intended, where constitutional rights aren't protected and respected, where the very existanse of the rights is consistently ignored, it is not protected under the law, however, it is still impossible to ban a decentralized network.Title: Re: 12 years and no country has approved Bitcoin ?? Post by: travwill on October 15, 2020, 08:17:07 AM Always remember that Bitcoin is decentralized digital currency and government has no control over it. Also every country has it's own currency used by all people on their daily lives. They are more familiar with it rather than using a bitcoin. Not all people know about bitcoin ,so, I think let's just be contented that we still use bitcoin not just as investment but also an alternative to fiat currency although government not accepted it. But neither has prohibited and cannot forbid. In each country, one way or another, there are different methods and methods for withdrawing cryptocurrency into fiat currencies. This significantly expands the financial functionality of people and also opens up additional financial opportunities. Without these opportunities, people would be too tied to the standard financial system and have a much wider range of restrictions than they are now. Cryptocurrency reduces government control over people. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Reatim on October 15, 2020, 08:54:00 AM Always remember that Bitcoin is decentralized digital currency and government has no control over it. Also every country has it's own currency used by all people on their daily lives. They are more familiar with it rather than using a bitcoin. Not all people know about bitcoin ,so, I think let's just be contented that we still use bitcoin not just as investment but also an alternative to fiat currency although government not accepted it. Contented? Of course we must not feel contented because if does then we had already admit that this is the only value we can achieve? remember that the progress of the whole crypto market and community Lies on how far we will travel and how much we can achieve. and we cannot have any big development if adoption wont happen,lets forget about the government adaptation because indeed it will take long but at least we encourage more people to learn and try using crypto for their own good and of course ours. Soon after this we will surely grow and the prices of crypto specailly bitcoin will go forward and reached another All Time High like what it did in 2017 and the past years also. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Dorodha on October 15, 2020, 11:41:42 AM It is a virtual currency with no controlling country no organization no bank it's very difficult to predict the longer term. nobody can say which to go Bitcoin is decentralized and nobody can control it. Many countries support the govt but they're unable to regulate it completely. Bitcoin is against the law in most countries legally it's no agency no financial institution controls it. Its medium of exchange is ongoing as a results of its global use by individuals or entities although the transaction is extremely convenient it'll take an extended time to be fully valid.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: carter34 on October 15, 2020, 11:59:00 AM The government is not a friend to whatever they can not monitor or control and that is what government should be about for the guide for people because most government think bitcoin isn't a good innovation for the society. Bitcoin is decentralized and won't be controlled and some countries ban the use while some countries didn't ban it. So not all the country made ban on bitcoin, countries around Europe are accepting the use.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: AakZaki on October 16, 2020, 02:50:46 PM But neither has prohibited and cannot forbid. In each country, one way or another, there are different methods and methods for withdrawing cryptocurrency into fiat currencies. This significantly expands the financial functionality of people and also opens up additional financial opportunities. Without these opportunities, people would be too tied to the standard financial system and have a much wider range of restrictions than they are now. Cryptocurrency reduces government control over people. The government does not have control over the cryptocurrencies that people hold. However, for several countries that have regulated and legalized the use of cryptocurrency, each transaction and asset value will be calculated and will be taxed for the owner of the asset.However, for some developing countries, such as in my country, Indonesia, cryptocurrency is only legalized as commodity trading and is not allowed to make legal payments such as payments using the national currency. Bitcoin is a future financial technology that has many advantages and also some disadvantages that need to be developed. Many large companies are starting to adopt bitcoin and some of the other big companies will certainly take part sometime in the future. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: wxa7115 on October 16, 2020, 05:02:01 PM Bitcoin doesn’t need governments to fall in love with it. National currencies are in a whole new world of trouble now with a great recession brewing, people with flock to bitcoin to preserve their wealth. Govs will have no chooce but to get bitcoin friendly or get left behind. I really think we are going to see the governments and the people clashing out on the subject of cryptocurrencies, when we finally see a collapse of fiat currencies around the world people are going to want to protect their wealth which is completely natural and they will find in gold and bitcoin good options to do so, but governments want you to keep using their currencies so I have no doubts that at some point cryptocurrencies will become illegal.However just as what happened to alcohol on the US the will of the people will make prosecution impossible as they will consider the law unfair and governments will eventually accept cryptocurrencies as it will be more profitable for them to tax them than to try to arrest every single person dealing with them at the time. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: gurjasmeetsingh on October 16, 2020, 06:18:42 PM I agree, bitcoin was launched in the year 2007. Although many countries have approved or centralized crypto currency. But l think lot of countries have not interesting & think about this currency, due to decrease the revenue of their countries. But l think it will be coming day to accept & centralized this currency in the future. I think so.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: k@suy on October 16, 2020, 06:28:41 PM I agree, bitcoin was launched in the year 2007. Although many countries have approved or centralized crypto currency. But l think lot of countries have not interesting & think about this currency, due to decrease the revenue of their countries. But l think it will be coming day to accept & centralized this currency in the future. I think so. The number of countries who have not accepted bitcoin are greater than the countries who are now using the bitcoin as part of their paying methods and etc. it's because crypto currency still hasn't achieve it's goal which is to be promoted by a lot of users around the globe. There are crypto currency users are already contented on using it without promoting because they believe that crypto currency will be known around the globe in the right time.Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Zemomtum on October 16, 2020, 09:19:31 PM Such will never occur anytime soonest, No Government will officially adopt BTC as a mode of payment since it cannot be controlled. We are in the era of a decentralized economy and the sooner they realized this, the better.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: tanjiran on October 16, 2020, 11:00:59 PM --- Moreover, cryptocurrency is not something that can be controlled and bound by full government regulations. So it's natural that until now crypto-related laws are still like this. For me this is not a problem, the longer people understand that cryptocurrency is an alternative in a very effective financial system, as an investment product, an alternative payment, trading commodity, etc. The government has also adjusted this because it cannot be denied that cryptocurrency provides many benefits besides its controversial system so that rules are made to "limit" the bad effects of crypto so that its good effects can still be used even with a warning that the risk is high.However just as what happened to alcohol on the US the will of the people will make prosecution impossible as they will consider the law unfair and governments will eventually accept cryptocurrencies as it will be more profitable for them to tax them than to try to arrest every single person dealing with them at the time. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: worldofcoins on October 19, 2020, 08:29:38 AM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) Actually, bitcoins aren't much familiar to us. Many of us are still not aware of cryptocurrencies, so we don't care if it is getting accepted. The main point is each country want to use their own currency because it makes them secure and safe, while bitcoin is too many risky and there high chances of losing money. Anyways bitcoin is decentralized, and government can never make it legit since its volatilization makes it uncontrollable. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Tamim121 on October 19, 2020, 04:23:23 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh No country approved or accept or legal Bitcoin because they can't control Bitcoin. They can trace its transaction. They can't get any tax or fee from it.and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) In my opinion Bitcoin will not end. This is the most popular and potential coin. Hope that one day every government accept it as a digital currency of their country. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: vaultman on October 29, 2020, 11:01:10 PM Rumor has it that Bitcoin was created by the American government, but these are just rumors. With the statement of Warren Buffett, I completely agree about Bitcoin. Every year it looks worse and worse against the background of alternative cryptocurrencies. Someday investors will think about it and the price will fall down.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Sapphire915 on October 30, 2020, 07:24:33 AM The great part about Bitcoin is that it doesn't need the approval of any governments. Even if they attempt to tax it, ban it, or censor it, it is always usable and accessible by its nature. You are right. The governments are so hesitant and even refusing to bitcoin adoption but they can't control the people that keep on using, trusting and believing it. People can still find some ways to access bitcoin no matter how against the Governments are with it. Peoples beliefs are uncontrollable, same as bitcoins movement which is very unpredicted and so popular. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: gantez on October 30, 2020, 08:00:53 AM Bitcoin was created as a decentralized currency so in my opinion it does not need government approval for us to use it, Bitcoin is constantly evolving and still improving for the future. For me as long as I can use it properly and it helps the majority, there is nothing wrong if we continue to enjoy it. Maybe op is expecting announcement from a certain country that they have totally shifted out from there fiat use to bitcoin, I think this may not happen or is not the way for it. Bitcoin is already in use in many countries of today while they still retain the nationality of their currency. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Maslate on October 30, 2020, 10:25:20 PM I think bitcoin is very difficult to be accepted by governments as a currency. Bitcoin is decentralized and nobody can govern it, governments don't like it. It can't be officially announced or accepted as a currency but allowing their people to use this is good enough to say that we are even closer to their approval. It was not a hard push for everyone to consider Bitcoin as a legal currency that we can buy stuff either online or offline. No, it is not, Bitcoin is intended only for the online platform and so country leaders would hardly to decide and accept it.Perhaps in the future bitcoin will continue to act as an asset rather than a currency. Look at OP, Warren Buffet have to sense at all. he is now living on his unreliable statement that no one will able to trust him and believe what he says. So better to unfollow him, it is not helping you to understand crypto. I think it takes a very long time and a lot of effort for bitcoin to be accepted by the government. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: kayvie on October 30, 2020, 10:36:01 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh There is a good reason behind this, bitcoin is a decentralized coin. It means that it can't be controlled by the government. The government of each country wants to control everything they approved or allow inside their country, and since it is impossible for them to control it, they can't just approved it. and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Chris Barth on October 30, 2020, 10:47:52 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh Who said so? A few of these countries have allowed their citizens to deal with crypto. Just that they won't publicly declare it. Quote and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) And what? You're agreeing with that already? Judging from it's present movement, it doesn't seem to be going wrong. So this isn't something to rely on. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Hemady17 on October 30, 2020, 11:25:12 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh There is a good reason behind this, bitcoin is a decentralized coin. It means that it can't be controlled by the government. The government of each country wants to control everything they approved or allow inside their country, and since it is impossible for them to control it, they can't just approved it. and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Alisha-k on October 31, 2020, 01:55:15 PM Bit coin been a decentralized currency cannot be legalized in any country and as such its value still remain digitally controlled
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: peter0425 on October 31, 2020, 02:22:14 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh Lol there are some country that has been friendly to bitcoin so why need for adoption when we can still use this though there are countries that banned this yet some still not.Quote and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) So you believe in Buffet?so better Join His Investment channel and learn from him,and GET OUT OF HERE because you are not helping this market instead you are putting FUD.Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Josefjix on October 31, 2020, 02:36:29 PM If any country approves it for anything aside payment gateway. They've destroyed the purpose of Bitcoin. What type of approvement are you seeking?
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Thavash on October 31, 2020, 05:48:26 PM Iran has just approved Bitcoin for their global trade. This is massive news that isn't getting as much publicity as it should ( perhaps because its Iran ). What people don't realize - you need partners to trade with accepting your common currency - so a bunch of countries out there HAVE APPROVED receiving Bitcoin FROM Iran AS WELL. This is massive - refer to this - https://youtu.be/7BxFFUysqGw
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Blackrain13 on October 31, 2020, 06:16:25 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) Well, that's because bitcoin is decentralized digital currency and every government has already their own currency. The important is, even government didn't approve bitcoin , it is still very useful and it also use as a source of income. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: pinggoki on October 31, 2020, 07:04:36 PM 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) Just think about it, Mr. Warren Buffet just said it sarcastically but in that manner the real people who are trusting and know what cryptocurrency nor the bitcoin is back then knows that Bitcoin will not end up badly and we are all witness on the bull run of this bitcoin way back 2017, so we are already knowledgeable about what is this bitcoin and we already know that this bitcoin will not end badly just what Mr. Warren Buffet says. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Indymoney on October 31, 2020, 07:12:17 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) Well, that's because bitcoin is decentralized digital currency and every government has already their own currency. The important is, even government didn't approve bitcoin , it is still very useful and it also use as a source of income. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: 3meek on October 31, 2020, 08:25:35 PM Iran became the first country in the world to recognize Bitcoin! (https://www.trustnodes.com/2020/10/29/iran-changes-law-to-use-bitcoin-for-imports) They will use Bitcoin mined by local miners to avoid U.S. sanctions...
But these are rather forced measures ... I do not think that most countries will start to use Bitcoins formally... Title: Re: 12 years and no country has approved Bitcoin ?? Post by: BAGOBO on November 01, 2020, 03:18:13 AM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh Paypal accepting buy and sell cryptocurrency hasn't made you sure?and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) With PayPal accepting cryptocurrency, this will encourage banks to open and accept cryptocurrency. In my country, the government has offended and suggested trading and investing in Bitcoin. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: bitcoin31 on November 01, 2020, 04:01:54 AM Actually there is more country who is recognized the bitcoin including my country Philippines even they did not approve this coin the good with that government are not against to the bitcoin and Im okay with that . Until now there is no bad happen to the bitcoin because right now is doing great and better compared to the last two years ago and I don't believe to the person you mentioned.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: budi691 on November 01, 2020, 04:37:53 AM I am sure there will be no country that wants to use Bitcoin to replace the country's currency, but if there are countries that legalize Bitcoin as a trading tool, many countries have legalized Bitcoin.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: LogitechMouse on November 01, 2020, 06:57:25 AM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh What do you mean when you are saying approved by a country??and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) Every country has an approved currency already and that is the fiat currency right now. Every country has 2 choices, either they accept it or reject the people to use Bitcoin and so far most of the countries are allowing Bitcoin to be used although there are some who are against it. Bitcoin will end up badly?? It has been 2 years since he said that but it seems that what he said is the exact opposite of what he said :D. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: oktana on November 01, 2020, 08:00:38 AM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) Because every country already has a currency. And i've heard,Japan Korea Russia Legalize bitcoin. But I am very sure, someday more than 100 countries will Legalize bitcoin Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Dorodha on November 01, 2020, 10:09:44 AM If Bitcoin is supported by the entire world then its transaction will become much easier. The demand for digital currency will increase within the world. Bitcoin may be a medium of exchange where you'll own a virtual digital currency called Bitcoin at will and transfer it online as you would like. But during this case there's no got to attend any bank or the other sort of financial institution. Many countries don't approve of account balances because they are doing not require a central authority.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: plast555 on November 01, 2020, 11:16:42 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh Bitcoin was created in 2009, not 2007. Warren Buffet said bitcoin would end up badly? That means he knows nothing he is saying, after his bad speeches and hatred for bitcoin, bitcoin has been surviving and more adopted. and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) Exactly. what Warren Buffet Said about bitcoin means nothing for bitcoin and blockchain. he has no idea what he was saying. he is not a tech guy. he himself admitted that he don't know how to use computer and the only computer he had was a old computer just for calculation purpose. and I can list a dozens of other quotes From other known personally about Bitcoin and how blockchain technology is important for future. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: cdog on November 02, 2020, 01:36:08 AM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) Because every country already has a currency. And i've heard,Japan Korea Russia Legalize bitcoin. But I am very sure, someday more than 100 countries will Legalize bitcoin The requirement to establish a country is to have a fiat currency. Cryptocurrency is unlikely to replace fiat money. The price of Bitcoin can be listed and calculated because of fiat money (btc-usd or etc) there are already 5 countries that accept Bitcoin, Swiss, America, Malta, Singapore, Japan. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: bryant.coleman on November 02, 2020, 05:06:28 AM What do you mean by "approve" BTC? Do you want the governments to dump their national currencies, and make Bitcoin legal tender? I am afraid that it will never happen. That said, dozens of countries have fully legalized Bitcoin, either as an investment asset, or as a currency. Dozens more are likley to do it in the coming years. As of now, this is the maximum that we can expect.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: finaleshot2016 on November 02, 2020, 11:44:55 AM I don't get the meaning of approve to you? If you mean massive adaptation then there's still no country has done it yet. Of course, they will not adapt or use the cryptocurrency to their economic system if they can't control it. Why would you risk your country on an asset that has volatility.
Many people are already using it in different countries but as an asset only to grow money. Also, I don't think bitcoin will end up badly if you look on the market price right now. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: gurunanakji777 on January 27, 2021, 12:58:45 PM What happens then when Warren Buffet said bitcoin will end up badly in 2018 and did you see Bitcoin hits again all-time high 40,000$ level and he can not predict everything perfectly even I respect him. You must know many countries have legalized Bitcoin and people are using it without any problem and I must say many countries banned it as well. When you can use it legally in your country then what is the issue.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: kiki8899 on January 28, 2021, 01:24:54 AM The fact is that the biggest reason why Bitcoin has not been accepted by governments is that its decentralization will damage the credibility of the government, which is the least acceptable to the government. . . .
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Keila Faith Villanueva on January 28, 2021, 01:56:54 AM some countries have approved bitcoin. don't you know that some countries spares no expense on mining? that's a proof
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Billo_ on January 28, 2021, 02:08:12 AM Bitcoin does not need approve. All decentralized crypto does not need approve.
It is a part why Bitcoin is very successful. It doesn't need approve to be working. You just send BTC where you want, to an address and it will be arrived later. You can transfer to anyone anytime anywhere you want. Ok, you need internet but when internet gets more famous, it won't be an issue. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Phanditha Echevarria on January 28, 2021, 02:57:26 AM Each country have their own currency so there is no need for them to approves it as we can easily use it as an alternative with some rules and protocol assigned by the government. Since bitcoin or any crypto operator is from different countries it will be hard for any government to approves it. So it's still good even they don't approve it we were able to use and knows it. I think btc will end up with either like gold, held by some institutions and private players and government, or all taken away by governments which might ask tax from these holders.About bitcoin ends badly, iy may happen but not this early, there are still many uses and advantages that can be use bitcoin in making transactions easier. Those who believes and studied it were able to know the importance it can give to them. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: yazher on January 28, 2021, 03:16:48 AM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) By not banning bitcoins in their country would be a good thing itself and to be supportive of the leader's opinion about BTC is something you need to be happy about. It's not something you can approve because no one is there to sign some agreement, as you can see, Satoshi Nakamoto is nowhere to be found and the only thing the government can do is let the people use it the way they want in a legit way because BTC is a decentralized coin and there are tons of people who own them. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Sithara007 on January 28, 2021, 03:31:41 AM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) What do you mean by approval? If you want some country to declare Bitcoin as the national currency, then I am afraid that it is not going to happen anytime soon. So for the next few decades, Bitcoin will exist as an investment asset, and not as a replacement for fiat cash. But at the same time, trading of Bitcoin is either legal or semi-legal in most of the countries around the globe. Now let's talk about Mr.Buffet. Back in 2018 we had a major correction and Buffet used that opportunity to badmouth Bitcoin. But he has remained largely silent now, after the rally started. Last time I heard about him, he was suffering from dementia and involuntary bowel movements. He has around 1-2 years remaining in his life, and it will be better if we leave him alone to do his anti-Bitcoin rants. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: 0t3p0t on January 28, 2021, 03:40:12 AM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh What? Bitcoin has been adopted and accepted as new form of payment method by some countries though local exchanges were regulated to prevent money laundering. Are you not aware of that? and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) Those Billionaires has a lot of things to cover up their wealth so it is not sure whether Warren Buffet is telling the truth just to play safe about his holdings that is the spirit of decentralization Everything can be done in secrecy. Bitcoin will not end badly because it's journey has just begun. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: bakasabo on January 28, 2021, 10:06:15 AM Bitcoin is not approved yet, because countries has their own local currency and there is no clear understanding in tax system in connection with cryptocurrency.
Bitcoin is not yet as popular as fiat currency. Lets skip USD, EUR, RUR, CHF, JPY, GBP and look at something less popular. Imagine if they are Bitcoin. They are not approved in counties as well. Even though they can be freely exchanged to local currency. Good example is Turkey and Turkish Lira. TRY is used everywhere, but EUR and USD are good for payment in tourist area. Of course these fiat can be used in small shop somewhere deep in country, but Turks would prefer TRY more. First Turkish Lira appeared in ~1920 and it took decades for EUR and USD to be freely accepted. That is why 12 years for Bitcoin is a very short period to speak about adoption or approvement. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: k@suy on January 28, 2021, 10:44:20 AM Bitcoin is not approved yet, because countries has their own local currency and there is no clear understanding in tax system in connection with cryptocurrency. Bitcoin is not yet as popular as fiat currency. Lets skip USD, EUR, RUR, CHF, JPY, GBP and look at something less popular. Imagine if they are Bitcoin. They are not approved in counties as well. Even though they can be freely exchanged to local currency. Good example is Turkey and Turkish Lira. TRY is used everywhere, but EUR and USD are good for payment in tourist area. Of course these fiat can be used in small shop somewhere deep in country, but Turks would prefer TRY more. First Turkish Lira appeared in ~1920 and it took decades for EUR and USD to be freely accepted. That is why 12 years for Bitcoin is a very short period to speak about adoption or approvement. Well, fiat currency i guess will never become out of the picture even the world adopt bitcoin or cryptocurrency as one of the currency it is because the fiat currency didn't just used as a means of exchanging from currency to goods but it is also the identification of each nation. However, i bet that the worlds adoptation of cryptocurrency especially bitcoin will not yet far it is due to bitcoin had already a record breaking ATH that made it famous these past year 2020. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: yohananaomi on February 11, 2021, 05:44:15 AM There's no power in this world for your kind information that can destroy the bitcoin or any cryptocurrencies, so it's better not to discuss anything related to "destroying" or "end up badly." because of the instability of bitcoin, no one can regulate and be regulated, it will move with the system that already exists in itself. I think there are countries that have recognized and accepted bitcoin to be used as a legal means of payment. but there are also those who on the contrary only acknowledge it as a means of trade only, it needs regulations that do not overlap with each other which can actually be chaotic.Talk about approving the bitcoin; well, the government can't accept any cryptocurrencies. They're volatile and decentralize, and government believe it can destroy their economy in my country the government does not allow and does not recognize that bitcoin is a legal means of payment, so there are no transactions using bitcoin and everything related to crypto. But the government does not prohibit doing things other than cypto, such as trading etc. when required for legal payments the government provides the company to convert it to fiat. so no problem with bitcoin and crypto all countries finally have to get used to the developments that occur. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: ISDB on February 11, 2021, 06:22:09 AM how can the government approved crypto? Because govt. can not control Bitcoin. Else this is risky for underdevelopment country. There are some people who do Money laundering. Each currency is important for underdevelopment country.
BTC Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Ozero on February 11, 2021, 07:53:57 AM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh States do not approve of bitcoin or other cryptocurrencies. They can legalize or ban her from walking on their territory. Legalization takes place by determining the legal status of cryptocurrency and establishing the order and conditions for its circulation in society. At this time, many states have already legalized bitcoin, however, of course, not yet as massively as we would like. At the same time, it must be said that states are unlikely to actively support the cryptocurrency. They can legalize, but not actively support.and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Travel Standard on February 11, 2021, 07:58:07 AM Very sad to say that bitcoin trading is not legal in many countries. looking no chance due to its decentralized system. No Government will accept it because Government want full control over money which not found in btc.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Maslate on February 11, 2021, 10:00:47 AM Very sad to say that bitcoin trading is not legal in many countries. looking no chance due to its decentralized system. No Government will accept it because Government want full control over money which not found in btc. in some countries maybe illegal but OP was wrong to say that no country has approved bitcoin when we have a lot of countries who are already accepting bitcoin and regulating it, Philippines is one of the countries that are bitcoin friendly, and I can attest to that as I'm living in this country. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Bitcoinislife09 on February 11, 2021, 10:13:26 AM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) It's not surprising because bitcoin is a decentralized currency and no country would immediately use a currency that they cannot control or could go out of control. As the market price continues to increase it's getting riskier to hold your bitcoin as well because no one really knows what bitcoin could end up but it has a great potential to adopt in some countries or maybe get support from the government making it an asset. We could agree to his opinion as the price continues to go to the moon or if the bitcoin continues to adopt countries might find a way to make bitcoin a centralized currency we never know what could happen if they want to adapt. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: iTradeChips on February 11, 2021, 01:36:55 PM Many countries have been allowing Bitcoin. You should read this topic, List of Countries Where Bitcoin/Cryptocurrency Is Legal & Illegal (Banned) (https://blog.sagipl.com/legality-of-cryptocurrency-by-country/). But if you are talking about approve it officially then it wouldn't happen since Bitcoin is a decentralized cryptocurrency. There is quite a difference between legalize bitcoin and approved it as an official currency. Regarding prediction badly end up, there was so may similar prediction from the beginning. But still, Bitcoin is alive and I believe it will be live for a long time or forever. This kind of prediction wouldn't affect the bitcoin, because Bitcoin always depends on its community. What I believe in when it comes to Bitcoin usage is that these countries do not have legislation or decrees that would legalize them. But that does not mean that it is not being used or being utilized by many individuals or companies. It is being used and there are companies that uses Bitcoin as a payment method. So in my opinion, there is really no need to approval or a need to legitimize the said coin since it is already being used by many people in many countries. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: finaleshot2016 on February 11, 2021, 01:51:32 PM It's a common idea that government will not accept or approve bitcoin because it's a decentralized currency, can't be controlled and might end up ruining the economy instead of leading in advantage. The government can't control bitcoin, no one can and that's the one and strongest reason why no government accepts the currency. We are lucky that most countries are legalizing the use of cryptocurrency. It can change depends on the situation where it'll be more profitable.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: bosede1 on February 11, 2021, 02:57:42 PM This should not be an issue to Bitcoin users, so far it is not a crime or banned in your country. Decentralization which is a result of the volatile nature it possesses which is what I think is one of the factors that won't make some country to approve Bitcoin as we know that no man can control Bitcoin.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Daryl_Dixon on February 11, 2021, 03:49:08 PM No country has made bitcoin official? Are you sure?
Bitcoin is known as the official currency in many countries and is used for transactions. Even in Korea, there are devices that pay you to receive some bitcoins. increase your knowledge in this field, my friend! ;) Title: Re: 12 years and no country has approved Bitcoin ?? Post by: geegaw on February 11, 2021, 04:27:23 PM It's a common idea that government will not accept or approve bitcoin because it's a decentralized currency, can't be controlled and might end up ruining the economy instead of leading in advantage. The government can't control bitcoin, no one can and that's the one and strongest reason why no government accepts the currency. We are lucky that most countries are legalizing the use of cryptocurrency. It can change depends on the situation where it'll be more profitable. In general, I also do not encourage or feel that spreading crypto or bitcoin to the government and asking them to provide legalization because everyone understands that the nature of this story is impossible when the origins of bitcoin are not so clear and controlling is not easy, the government is still very worried about what happens after they legalize it. Plus, users like us probably don't benefit too much when we make our earnings public, we won't be able to avoid taxes, approving is unnecessary, maintaining neutrality is something I like among governmentsTitle: Re: 12 years and no country has approved Bitcoin ?? Post by: iTradeChips on February 11, 2021, 04:41:19 PM No country has made bitcoin official? Are you sure? Bitcoin is known as the official currency in many countries and is used for transactions. Even in Korea, there are devices that pay you to receive some bitcoins. increase your knowledge in this field, my friend! ;) What exactly do you mean by Official currency? I mean of all countries Japan is the only that OFFICIALLY RECOGNIZED Bitcoin and other digital currencies as Legal money. But to be an official currency? I mean you need to replace the current official currency of that country like Yen or Dollars and replace it with Bitcoin. And Japan is the only country that made a law on that. Other countries made official statements about it but no "Official Currency" status. But maybe I am wrong. Can you please elaborate and give us some links since you are telling us to increase our knowledge so I guess you have THE knowledge. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: CryptocurencyKing on February 11, 2021, 07:09:36 PM This one came funny to me @OP. I don't know what nation of the world would approve of a revolution because, that's what Bitcoin is to most countries fiat currency because, should it be approved following the advantage it offers, it just might erase fight from the world. And again, its decentralized nature being that it cannot be controlled or taxed appropriately, doesn't help the government so much in revenue generation so now tell me, 'How then do you expect the government of any nation to go as far as approving it?' The best is what they have done in some nations which is legalizing it along with a warning. Only worst nations or ignorant governments would go as far as making it a crime or banning its operation in their country. Its so much of a set back.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: 3meek on February 11, 2021, 07:25:35 PM This one came funny to me @OP. I don't know what nation of the world would approve of a revolution because, that's what Bitcoin is to most countries fiat currency because, should it be approved following the advantage it offers, it just might erase fight from the world. And again, its decentralized nature being that it cannot be controlled or taxed appropriately, doesn't help the government so much in revenue generation so now tell me, 'How then do you expect the government of any nation to go as far as approving it?' The best is what they have done in some nations which is legalizing it along with a warning. Only worst nations or ignorant governments would go as far as making it a crime or banning its operation in their country. Its so much of a set back. What if it's only a matter of time? For example, in 10 years it may well claim to be a recognized currency, and it would be pointless for states to deny it? Especially if you look at the recent events with the vaccine and the passports of the vaccinated... Surrealism ceases to be surreal! ;) Title: Re: 12 years and no country has approved Bitcoin ?? Post by: milani on February 11, 2021, 07:40:58 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) It is impossible to approve something that you can not control or where you will not be able to dictate rules. Government can approve things that can become controlled by it fully or partially. What about decentralized things, in this direction government has only possibility to control things and processes that may be connected with crypto for example, your declaring assets in your native money equivalent, or you buy equipment for mining, or licenses for exchanges, but the decentralized thing itself is outside their control and opportunity to approve it. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: iTradeChips on February 12, 2021, 12:09:02 PM This one came funny to me @OP. I don't know what nation of the world would approve of a revolution because, that's what Bitcoin is to most countries fiat currency because, should it be approved following the advantage it offers, it just might erase fight from the world. And again, its decentralized nature being that it cannot be controlled or taxed appropriately, doesn't help the government so much in revenue generation so now tell me, 'How then do you expect the government of any nation to go as far as approving it?' The best is what they have done in some nations which is legalizing it along with a warning. Only worst nations or ignorant governments would go as far as making it a crime or banning its operation in their country. Its so much of a set back. What if it's only a matter of time? For example, in 10 years it may well claim to be a recognized currency, and it would be pointless for states to deny it? Especially if you look at the recent events with the vaccine and the passports of the vaccinated... Surrealism ceases to be surreal! ;) Well, the only problem with your statement is this. 10 years is too soon for your "prophecy" to happen and take into account the many institutions that will fight head on with Cryptocurrency. All we have right now is for Bitcoin to have a status where it is being accepted as a form of payment or investment. But to make it a global force? It is too early I should say. As long there will be big shots who will make sure that they will invest and enter the cryptocurrency market then it might help with the speedy acceptance of big finance to crypto. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Fredomago on February 12, 2021, 01:00:10 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh You Know what is controversial here ? is that you as newly created account that has Fully Posted in Bounty reports had only one serious post and guess what ? this post lol , questioning Bitcoins acceptance does it sounds funny?and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) https://bitcointalk.org/index.php?action=profile;u=2861414;sa=showPosts;start=20 But it's Fine because we are use to it. And also JAPAN accepted Bitcoin years back so how come that this idea comes to your Bounty Mind? _______________________________________ _______________________________________________________________ and also Even that many countries are not approving Bitcoin at least many of them are allowing their People to use and enter trading and for me this is more important that that Approval that you are talking about. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: 3meek on February 12, 2021, 01:53:53 PM This one came funny to me @OP. I don't know what nation of the world would approve of a revolution because, that's what Bitcoin is to most countries fiat currency because, should it be approved following the advantage it offers, it just might erase fight from the world. And again, its decentralized nature being that it cannot be controlled or taxed appropriately, doesn't help the government so much in revenue generation so now tell me, 'How then do you expect the government of any nation to go as far as approving it?' The best is what they have done in some nations which is legalizing it along with a warning. Only worst nations or ignorant governments would go as far as making it a crime or banning its operation in their country. Its so much of a set back. What if it's only a matter of time? For example, in 10 years it may well claim to be a recognized currency, and it would be pointless for states to deny it? Especially if you look at the recent events with the vaccine and the passports of the vaccinated... Surrealism ceases to be surreal! ;) Well, the only problem with your statement is this. 10 years is too soon for your "prophecy" to happen and take into account the many institutions that will fight head on with Cryptocurrency. All we have right now is for Bitcoin to have a status where it is being accepted as a form of payment or investment. But to make it a global force? It is too early I should say. As long there will be big shots who will make sure that they will invest and enter the cryptocurrency market then it might help with the speedy acceptance of big finance to crypto. I don't agree with you! Look at what happened to bitcoin 10 years ago, and how much it has evolved now that the whole world has learned about it... I think that in another 10 years we will have a new paradigm in the financial world thanks to bitcoin, and cryptocurrencies! ;) Title: Re: 12 years and no country has approved Bitcoin ?? Post by: lifeforcepools on February 12, 2021, 01:59:02 PM Many countries talk about it, but no one has done it 100%
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: maxi786 on February 12, 2021, 02:09:04 PM The most important thing about bitcoin is that it does not need the approval of the government. Although if they try to tax, ban or censor it, by its unique nature it is always usable and accessible.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Kong Hey Pakboy on February 18, 2021, 09:24:52 AM Using cryptocurrency is actually approved by some of the governments around the world, and it is fine as it is. Being approved by government does not mean they should be handling it and force their people to use it. I mean, with permission or not bitcoin and other cryptocurrencies will still continue to function and whoever wants to use it can use it freely.
As for predictions, you can't just believe in anyone about bitcoin's future. Only if he had done thorough research about and he is familiar with how it systematically works, maybe his argument is valid. But it's not, so why believe to it? Title: Re: 12 years and no country has approved Bitcoin ?? Post by: leea-1334 on February 18, 2021, 10:06:46 AM 25 years of internet and people still do not even know how to read things from search engines to find out if what they are about to say is true. But I feel happy every time someone says something like this about BTC,,, makes them not buy it, makes others not buy it, makes it longer to reach mainstream adoption. Good for accumulating hodlers like me:)
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: TribalBob on February 20, 2021, 02:44:54 PM in my country bitcoin it is not legal yet but the government does not prohibit bitcoin transactions,
every country definitely will not and It is impossible to agree on something that it cannot control or over which you cannot dictate the rules. where - where the Government can agree on matters which can be controlled fully or partly. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: angrynerd88 on February 20, 2021, 08:05:18 PM Numerous Governments of different state and countries still stand by with their see that BTC isn't supported by anything that's why they cannot endorse it as a lawful delicate. Be that as it may, they favor it as an venture resource. Mostly officials busy to amendment laws regarding Bitcoin to assess wage from bitcoin exchanging and mining. Controls of crypto trades and other stages with crypto-related administrations are too proofs that they've acknowledged bitcoin to a bounded area.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: worldofcoins on September 29, 2021, 10:38:39 PM There's no power in this world for your kind information that can destroy the bitcoin or any cryptocurrencies, so it's better not to discuss anything related to "destroying" or "end up badly."
Talk about approving the bitcoin; well, the government can't accept any cryptocurrencies. They're volatile and decentralize, and government believe it can destroy their economy Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Twinkledoe on September 29, 2021, 10:57:47 PM There's no power in this world for your kind information that can destroy the bitcoin or any cryptocurrencies, so it's better not to discuss anything related to "destroying" or "end up badly." Talk about approving the bitcoin; well, the government can't accept any cryptocurrencies. They're volatile and decentralize, and government believe it can destroy their economy And right now, El Salvador is the first country to accept bitcoin as legal tender. Other countries may not look at btc as legal tender but there are a lot of them that are openly accepting crypto in their financial system. Bitcoin doesn't need approval of government as it can exist without them, unless the government is totally banning its usage. In those 12 years, bitcoin has achieved a lot already. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: suryogandul on September 30, 2021, 12:12:41 PM This is a natural thing if there is no country that 100% approves bitcoin because what we know today is that every country still applies pros and cons for bitcoin. only el salvador accepts bitcoin and is open to the public. but in the future I believe that many countries will accept bitcoin if the government understands the true benefits of bitcoin.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: LimLims on September 30, 2021, 12:23:43 PM It doesn't seem to be prohibiting. But limiting the circulation of bitcoin so that they can still control the finances, they do not want all in financial terms to move freely and openly. Here they of course have a secret for them to keep and can not be published. Yes that’s the basic thing that everyone needs to understand. But guess what? El salvador now accepting Bitcoins. Someone has started and i am sure rest gonna follow for sure. The main reason for which countries consider Bitcoins as illegal due to it’s decentralised nature. But i am sure in future, people will force the government to make the coin legalised. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: swogerino on September 30, 2021, 12:25:07 PM It doesn't seem to be prohibiting. But limiting the circulation of bitcoin so that they can still control the finances, they do not want all in financial terms to move freely and openly. Here they of course have a secret for them to keep and can not be published. Many governments are against Bitcoin and I do not understand why,maybe because they truly want slaves and not population.In the pandemic Bitcoin helped a lot of people get past those very difficult months of Q2 2020 where almost all businesses closed down and people were not getting paid like they used to. Central banks are the enemies of Bitcoin,they think that their power will be completely removed when Bitcoin enters mainstream adoption and that is why them together with governments do not want Bitcoin,except El Salvador right now. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Kusman on September 30, 2021, 12:35:34 PM Governments don't approve cryptocurrencies easily as there is a high volatility in this market. And they do not want their citizens to make investments into them and risk their money. For example, China showed this as a reason and banned all the things related to cryptocurrencies. But still, most governments choose to regulate them and not to ban them.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: molsewid on September 30, 2021, 01:11:46 PM Governments don't approve cryptocurrencies easily as there is a high volatility in this market. And they do not want their citizens to make investments into them and risk their money. For example, China showed this as a reason and banned all the things related to cryptocurrencies. But still, most governments choose to regulate them and not to ban them. I see your point why governments don't approve cryptocurrencies. I don't think the government need to approve this matter after all cryptocurrencies can still work even without the approval. Cryptocurrencies exist for how many years and the approval not that much important i guess. And maybe the government earned from cryptocurrencies and they chose not to disclose it. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: BuNga_cute on September 30, 2021, 01:18:12 PM It doesn't seem to be prohibiting. But limiting the circulation of bitcoin so that they can still control the finances, they do not want all in financial terms to move freely and openly. Here they of course have a secret for them to keep and can not be published. Yes that’s the basic thing that everyone needs to understand. But guess what? El salvador now accepting Bitcoins. Someone has started and i am sure rest gonna follow for sure. The main reason for which countries consider Bitcoins as illegal due to it’s decentralised nature. But i am sure in future, people will force the government to make the coin legalised. Why many countries choose to reject Bitcoin, because Bitcoin is decentralized and it is not liked by any country's government. Moreover, the volatile Bitcoin price is also the reason why many countries do not accept Bitcoin as a legal tender. Fortunately there is El Salvador which is quite surprising to many people, because it is very brave to legalize Bitcoin as a legal tender. Indeed, sometimes there needs to be a country that dares to start first, and the government of El Salvador has the courage to make the decision to accept Bitcoin. If the government of El Salvador can demonstrate the positive effects of its decisions, I believe many countries will follow in El Salvador's footsteps. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Pejoh Asu on September 30, 2021, 02:37:01 PM The concept of decentralized bitcoin is certainly opposite to the concept of a centralized central bank, this is what makes the state powerless to control bitcoin so that it prohibits bitcoin, I think this is not too problematic as long as there is a strong community then bitcoin will continue to be valuable.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: iTradeChips on October 01, 2021, 04:40:48 AM Well, El Salvador is already the first country that made strides in the world of Cryptocurrency by accepting it and putting it into law. Well I think El Salvador might want to try and take advantage of Bitcoin's price and they can use their resources to buy the said coin while the price is still acceptable and for them "cheap". I think they have already purchased many Bitcoins and might continue to do so and wait for the price to increase and will be able to get so much profit once they sell these.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: killerfrost on October 01, 2021, 04:56:09 AM As we are seeing now, it has been resolved when governments have announced their acceptance of crypto. But the opposite of that, there are still a lot of rejections :)
I suppose once it was something important in human development it was only a matter of time for it to spread to all. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Nutrient on October 01, 2021, 07:11:09 AM Depends on what you mean by “it hasn’t been approved”. Some countries accept it as a means of payment and that’s a step in the right direction. And about the government, they don’t have power over the price so there’s almost no way they can approve of what they aren’t in charge of. Bitcoin is decentralized and that’s a major reason why the government haven’t ‘approved’ it.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Lubang Bawah on October 01, 2021, 07:22:31 AM 12 years is still a short time, moreover there are no companies that actively and massively promote bitcoin so bitcoin is difficult to develop, but the good thing is that the bitcoin community continues to grow so that bitcoin is increasingly actively used and has an impact on prices that continue to increase.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: IamWealth on October 01, 2021, 07:25:05 AM The government won’t approve because they know they can’t control the price. The Bitcoin isn’t centralized. For the government to approve, they have to actually be in charge. It’s better that Bitcoin remains this way. So it can be decentralized.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: marilynmanson21 on October 01, 2021, 02:25:12 PM friends, bitcoin does not need approval from the government in its follow-up of trading and holdings I think, without approval bitcoin will still live and thrive in the future
if you expect bitcoin to be a currency, i don't think it's possible what else for developed countries like china and usa they reject bitcoin but if you are in a developing or poor country, you can make bitcoin a payment instrument / currency like today's Elsavador Title: Re: 12 years and no country has approved Bitcoin ?? Post by: ringgo96 on October 01, 2021, 02:58:59 PM For now the popularity of bitcoin is increasing although there are still countries that still doubt bitcoin as a legitimate currency for some reason, and for now the use of bitcoin continues to run and the price continues to increase for a long time then never hesitate to use bitcoin if later do not want to regret if there is a high increase, and every country will definitely consider giving freedom in investing in the crypto world.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Slow death on October 01, 2021, 03:10:21 PM As far as I know, Japan and El Salvador have already passed laws on bitcoin, I remember that there is another country where there are laws on bitcoin, but I don't remember the names of the countries. Well this issue of bitcoin laws is a complex issue for many countries because lawmakers are people with big ambitions and serious problems in wanting to control the people so it won't be easy for these politicians to easily accept making law that benefits bitcoin and their community
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: ReiMomo on October 01, 2021, 05:27:32 PM Countries do hesitate to accept Bitcoin as currency as it might spoil its economy. However, it can be accepted as an asset like they do accept gold and other stuffs. Though no country has approved Bitcoin, we have huge crowd from each country who are into crypto and have invested in either Bitcoin or on any other crypto currency. So, just there is no legal approval, besides this, everything else is happening within.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: qwertyup23 on October 01, 2021, 06:32:09 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) It is a very tricky statement wherein the country will accept cryptocurrencies while accept its pros and cons. Fortunately, such streak was ended when El Salvador accepted BTC as a form of legal tender on their country. With that in mind, it opens opportunities for cryptocurrencies to be acknowledged worldwide. Though its implementation might be far into the future, all of its effects are slowly experiencing by many due to its potential of either being a short or long-term investment. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Mahanton on October 01, 2021, 07:18:16 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) It is a very tricky statement wherein the country will accept cryptocurrencies while accept its pros and cons. Fortunately, such streak was ended when El Salvador accepted BTC as a form of legal tender on their country. With that in mind, it opens opportunities for cryptocurrencies to be acknowledged worldwide. Though its implementation might be far into the future, all of its effects are slowly experiencing by many due to its potential of either being a short or long-term investment. Lots had really believed out that it couldnt really be possible but El salvador did really make this thing to happen and never ever we did really expect for this thing to happen. Those presumptions and anticipations that we do have in the past did really happen on this moment and of course there are cons and pros that we've seen but doesnt mean that they would stop on. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Fortify on October 01, 2021, 08:07:28 PM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) I'm not sure what you mean by "approved"? Almost every developed country in the world allows people to buy and sell bitcoin as they please. Tax laws have started to catch up and it is now just being treated as any other income or expense. People are caught up in this infatuation that Bitcoin must be an officially adopted currency in every country when it is simply not realistic. It has already achieved the main aim - a globally accepted and completely decentralized currency acting as virtual cash. What you need to be condemning is countries like China and Russia who are taking steps to outlaw it because it threatens the elites in charge - that is the real risk to freedom in the world. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: batang_bitcoin on October 01, 2021, 09:10:06 PM Well just after a year of the question from OP. Less than a year, there's now El Salvador that has approved and now using bitcoin as a legal tender. What's more are in store for the next years to come for the other countries? We will see if at the end of this year there will be another country to adopt it as a legal tender. But with or without approval of a country as long as they don't claim bitcoin is illegal, everyone is free to use it and there is no need for any approval.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: rugrats on October 01, 2021, 09:37:08 PM What i mean here is each country has their own currency so they don't need to approve it because we can easily use it as an alternative with some rules , because bitcoin or any crypto miners from different countries so it will be hard for any government to approve it. Currently, BTC is still a decentralized currency of value and it is very difficult to manage, so there are still many central banks around the world that are afraid of what if it is completely accepted. How will? How does it affect fiat currency and is it easy to manage?.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Ryker1 on October 01, 2021, 10:07:53 PM Well just after a year of the question from OP. Less than a year, there's now El Salvador that has approved and now using bitcoin as a legal tender. What's more are in store for the next years to come for the other countries? We will see if at the end of this year there will be another country to adopt it as a legal tender. But with or without approval of a country as long as they don't claim bitcoin is illegal, everyone is free to use it and there is no need for any approval. Well if I am not mistaken, there are 3 countries that already legalized bitcoin because it was followed by the El Salvador decision.I forget the 3rd one but as far as I remember, it is El Salvador and Ukraine that already legalized bitcoin, and the third one, I did not remember. Perhaps another year we'll pass, other countries will announce legalizing bitcoin and then other countries will follow. It is good news to us and the entire community that we are getting larger and soon bitcoin will become more expensive. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: uneng on October 01, 2021, 10:33:10 PM Well just after a year of the question from OP. Less than a year, there's now El Salvador that has approved and now using bitcoin as a legal tender. What's more are in store for the next years to come for the other countries? We will see if at the end of this year there will be another country to adopt it as a legal tender. But with or without approval of a country as long as they don't claim bitcoin is illegal, everyone is free to use it and there is no need for any approval. Well if I am not mistaken, there are 3 countries that already legalized bitcoin because it was followed by the El Salvador decision.I forget the 3rd one but as far as I remember, it is El Salvador and Ukraine that already legalized bitcoin, and the third one, I did not remember. Perhaps another year we'll pass, other countries will announce legalizing bitcoin and then other countries will follow. It is good news to us and the entire community that we are getting larger and soon bitcoin will become more expensive. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Wong Gendheng on October 02, 2021, 10:37:08 AM The biggest system that makes bitcoin difficult for the state to accept is decentralization, I only think the good side of a country that banned bitcoin, if it is legalized of course there will be many problems such as internet network, transaction speed and security, remember that cases of bitcoin theft we often hear, and the state does not want to be bothered with these problems.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: blckhawk on October 02, 2021, 10:45:33 AM well there are some that approved of it in a way that they do not ban the use of bitcoin, this is because that bitcoin is a very prone to illegal uses and also it can greatly affect the economy of one country, criminals can use bitcoin to transact without them being traced so easily and also it can affect the economy in a way that people will only rely on bitcoin and can make their money drop in value.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: rodskee on October 02, 2021, 11:16:23 AM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh Almost a year since you created this thread , Now i can finally say that there is a country that accepts Bitcoin as Currency or legal tender.and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) and this is EL Salvador ;D Now tell Warren Buffet that His word will doomed Him when Bitcoin sill be accepted worldwide . The biggest system that makes bitcoin difficult for the state to accept is decentralization, I only think the good side of a country that banned bitcoin, if it is legalized of course there will be many problems such as internet network, transaction speed and security, remember that cases of bitcoin theft we often hear, and the state does not want to be bothered with these problems. Lol Decentalization is also the reason why Bitcoin is now fully accepted by El salvador and seemingly to be accepted also by following countries .Title: Re: 12 years and no country has approved Bitcoin ?? Post by: suryana on October 02, 2021, 11:24:12 AM how the government approves bitcoin whose system is decentralized and fluctuates which may not benefit the government. The government only wants to adopt something it can regulate, such as a bank. But this is much better so that bitcoin users become the main holders and can freely seek profits in my opinion than bitcoins that are regulated by the government, obviously it will have an impact on bitcoin users.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: batang_bitcoin on October 02, 2021, 09:16:58 PM Well just after a year of the question from OP. Less than a year, there's now El Salvador that has approved and now using bitcoin as a legal tender. What's more are in store for the next years to come for the other countries? We will see if at the end of this year there will be another country to adopt it as a legal tender. But with or without approval of a country as long as they don't claim bitcoin is illegal, everyone is free to use it and there is no need for any approval. Well if I am not mistaken, there are 3 countries that already legalized bitcoin because it was followed by the El Salvador decision.I forget the 3rd one but as far as I remember, it is El Salvador and Ukraine that already legalized bitcoin, and the third one, I did not remember. Perhaps another year we'll pass, other countries will announce legalizing bitcoin and then other countries will follow. It is good news to us and the entire community that we are getting larger and soon bitcoin will become more expensive. There are countries that are crypto friendly and you've forgotten about one of the first countries that became one and one of the many, Malta. Too many to mention actually. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: oktana on October 02, 2021, 11:07:41 PM how the government approves bitcoin whose system is decentralized and fluctuates which may not benefit the government. The government only wants to adopt something it can regulate, such as a bank. But this is much better so that bitcoin users become the main holders and can freely seek profits in my opinion than bitcoins that are regulated by the government, obviously it will have an impact on bitcoin users. OP seem to have made this post quite long ago. But your response sounds like you're coimg from the past.(no offence though ;D) Crypto has been approved in quite some countries and the most recent one being that of EL Salvador in the use of Bitcoin did not only get approved/legalized but has been considered a currency for the country. Though only 4 Bitcoin ATMs in the country, the news is way bigger than ATM count! There's Bitcoin adoption going on everyday! Countries that have banned Bitcoin will rethink and have no choice but to remove their invalid ban. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Assface16678 on October 03, 2021, 12:11:17 AM We don't need to seek everyone's appreciation in order to use BTC. Due to its decentralization, some countries are still against it and some are just allowing it without any care to it. its been a year a country now is using it as a currency not only that but some part of other country is using it for salary to its workers.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Rehan Zakir on October 03, 2021, 06:37:54 AM Because they think no country can controls it and after 12 years this is the reason that bitcoin is being popular. And every country know its importance in our daily life and its unique decentralization concept that uses the blockchain technology for transferring coins from one wallet to another wallet. Now bitcoin is the most hot topic in search. So, buy bitcoins and hold it for future.
Title: Re: 12 years and no country has approved Bitcoin ?? Post by: Theones on October 03, 2021, 06:50:49 AM :)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" :) What you missing is, 12 years from 0$ to 60k$ and that too without any government support. Do you still feel that BTC still need any other recognition? The biggest system that makes bitcoin difficult for the state to accept is decentralization. Defiantly governments cant monitor and control it. That's why they are not accepting it as main stream payment system. I think governments are justified in not accepting BTC since that will take financial control from them. Title: Re: 12 years and no country has approved Bitcoin ?? Post by: rahmatullah9305 on October 03, 2021, 10:50:20 AM Yes, countries don't legalize bitcoin, but all countries in the world don't block bitcoin trading exchanges. meaning that everyone is free to use bitcoin, both long-term investment and short-term trading. if you mean bitcoin cannot replace fiat in any one country for a period of 12 years. for me, this is also not a problem. countries and bitcoins do not operate under the same legal umbrella, so countries and bitcoins are not related at all.
|
