Bitcoin Forum

It's Clear That The Future Of Bitcoin Is Not In The US

Read more: http://www.businessinsider.com/bitcoin-is-going-to-take-off--just-probably-not-thanks-to-anyone-you-know-2014-6#ixzz33wyTFDMK

Well... some of the states such as Texas and California has taken steps to legalize Bitcoin. So it is too early to say that the Future of Bitcoin is not in the US. US will play an important role, as long as the majority of Bitcoin users are located there.  ;D

Also, the figures given in that article are dubious. The CNY-BTC exchange volumes are taken from exchange sites such as OKCoin, who are accused of inflating their trade volumes.  >:(

The future of Bitcoin is not in the US, you're right. But that's only because in the future, the US (and all other nation-states) will exist inside the Bitcoin (sovereign) economy.

Bitcoin is the beginning of the end for the nation-state as we know it, and that's good for everyone who likes reason more than violence, and peace more than war.

Per capita downloads mean nothing really. China and the US are and are going to continue to be the biggest users of bitcoin and other cryptocurrencies overall by a long shot. It's great that bitcoin is so popular in some of those countries but that alone doesn't mean particularly much.

Especially when you consider that the US is really two nations in one. The cutting edge coastal cities of the east and west coast, and the sleeping giant of the middle country and most of the south.

I live in California and I can assure you that Bitcoin is already legal here.  There are several Bitcoin businesses, including Coinbase, located in California.  Bitcoins were never made illegal here.

I would make a rebuttal to your claim and say the US is in a place where it doesn't need to make a switch from FIAT in the short term.  10-15 yrs maybe.  Other countries are not as fortunate.

What the fuck are you smoking? US and China are one of the biggest users of Bitcoin. Some of the big cities have already started using it more often, and as people stated before, CA and TX have already started to legalize. I'd more so say China might not hold Bitcoin, since they censor history, so hell, why not censor a currency?

I'm sure there is lots of bitcoin commerce going on in California at the moment, but from reading this thread(https://bitcointalk.org/index.php?topic=464149.msg5129518#msg5129518 (https://bitcointalk.org/index.php?topic=464149.msg5129518#msg5129518) it appears that California does actually have a odd technicality law in place that makes bitcoin illegal.

All nation-states censor history by necessity. If they were honest about their history to their children, the state would be abolished in one or two generations.

Nation-states must employ hierarchy-based violence in order to continue to exist. In an honest nation, any reasonable human being would see that this is selfish, cruel, and utterly unjustifiable behavior.

"The most dangerous man, to any government, is the man who is able to think things out for himself... Almost inevitably, he comes to the conclusion that the government he lives under is dishonest, insane, and intolerable."
-H. L. Mencken, The Smart Set, December 1919

Apparently, the California law states that only "lawful money of the United States" can be used in California.  FinCEN determined last year that using Bitcoin does not violate any laws, which should make it "lawful".

That is a bit confusing. From what I have heard, Bitcoins were in the grey zone. That is, there were no laws and regulations dealing specifically with Bitcoins and other crypto-coins.

I would like to see it become less US centric. Of course melting the biggest fiat currency first has advantages.

Bitcoin should be worldwide
It would be the first non-us centric currency but I doubt it could just escape the US hold

In the US, we don't have to have laws to make something legal, unless there was previously a law making it illegal.  No one has been prosecuted, much less convicted, for using bitcoins in California.

Given the current rulings in criminal and civil courts, there is an argument to be made that crypto is all that money is.  The legal recognition of it will be just as bumpy a ride as the crypto is volatile. 

Time will tell. I believe it is still up in the air.

It's certainly died down from what it used to be...from what I can see anyway?

Even if politicians make Bitcoin illegal, it will thrive in other jurisdictions that don't make it illegal, and in the black markets.

I think most legislators understand this and want to be progressive in doing the right thing as opposed to being negative and banning the (fear) of the unknown.  It's like Dirty Dancing, only with money...lol

Depending on their reaction, whether favorable or not, the lobbyists will then throw down their gauntlet and start trying to meddle.

That's an interesting interpretation of the law. The only reason I might doubt that interpretation is the fact that they are attempting to pass the bill outlined in that thread. If your interpretation was correct there would be little reason to pass that specific bill. I'm not a lawyer though so I'm just speculating here.

I see bit coin become more and more widely excepted, as I travel across the US.

I think it will only grow as business needs not include every possible customer.

Jerry

Every statistic mentioned in this article is questionable. I'm going to shrug and keep using bitcoin in the U.S

americans own the most number of bitcoins, and a lot of startups are from the U.S... so i don't get the point of the article.

It's clear that the future of Bitcoin is not Mars.

http://www.ericsson.com/thecompany/sustainability_corporateresponsibility/technology-for-good-blog/wp-content/uploads/2012/10/planet-earth.jpg
http://8tracks.imgix.net/i/001/269/213/73092.original-2131.jpg?q=65&sharp=15&vib=10&fm=jpg&fit=crop&w=521&h=521

The point is just that the US is not the most Bitcoin-friendly country right now. The author is just stating that opening a Bitcoin venture somewhere in the Bitcoin-friendly nations (such as Alderney) might be more easier than starting one in the EU or the US.

What the flying fuck is an Alderney? Did you just make up a nation?

Kind regards,

An American.

It's Clear That The Future Of Bitcoin Anything Financial Is Not In The US

It could go either way. It's still to early to tell where the real future of Bitcoin is going to be.

I wouldn't go as far as to say that it won't be the U.S.

There are many early adopters from the U.S and many use it and know about it there. Same goes for merchants.
The government can say all it wants about btc but they can't stop it, so they may as well join it. :)

Did mr. Jeff Bezos just pay for the publication and is trying to say that the future is, if course, an Amazon coin?

nice one. I believe it must have good future.