Why the Future of Bitcoin Lies in Europe

[n2004al]

Chris Grundy is a self-confessed bitcoin obsessive and avid tech fan. He works for bitcoin lending platform Bitbond and has written for a variety of online publications. In this article, he speaks to a number of European bitcoin companies about why the future of cryptocurrency and blockchain technology could lie in their home continent, not the US.



Innovation is the primary distinction between leaders and followers. It represents disruption and a challenge to our way of life.

Bitcoin is an important innovation, and it needs progressive legislation to unlock its full potential. Clear and progressive legislative guidance will give aspiring bitcoin entrepreneurs the confidence they need to find new use cases and bring bitcoin to the masses.

Despite this, bitcoin regulation in the US remains unfriendly.

What are your thoughts?  Does the future of bitcoin lies in Europe? Could it lie in Asia?

I think that the future of bitcoin is everywhere on the Earth. Is matter of time not if it will be or where will be. As for the regulation in USA which is named "unfriendly" by the author I think that he have wrong. USA at least have regulated it. It is always much better than nothing (like in to many other countries of the world). Maybe is not as is needed but the things are made and can be made step by step when there are risks within. Bitcoin is a time bomb and if is not managed as is needed can damage not few the economies of the countries in which can be regulated as it deserve to be regulated. The fear regarding it is showed clearly at the position taken from Russia against it. Banning. It is better the "unfriendly" regulation of USA, the ignoring of bitcoin from most of the world countries or the ban of it from Russia?

[Bitcoinpro]

The future of Bitcoin lies in global use.

When the big exchanges will not be only from USA and China, when every country will have at least in airports and shopping centers bitcoin ATMs, when you'll be able to buy with BTC from your fav shop in your city/country, when selling bitcoin for your local currency is not an issue / a tough task, then Bitcoin is a succes. Globally.

their is no need for Bitcoin ATM's

ur Smartphone has 1 million X the power of an ATM

[Altynbekova]

The future of Bitcoin lies in global use.

When the big exchanges will not be only from USA and China, when every country will have at least in airports and shopping centers bitcoin ATMs, when you'll be able to buy with BTC from your fav shop in your city/country, when selling bitcoin for your local currency is not an issue / a tough task, then Bitcoin is a succes. Globally.

their is no need for Bitcoin ATM's

ur Smartphone has 1 million X the power of an ATM

No I also think this is not needed everyone has a phone these days or something else that is digital with them so that is something you can spend your bitcoins with.

I think a ATM is not necessarily at all because everyone can just use there digital money on their phone or their smart watch in the future.

[lumeire]

The future of Bitcoin lies in global use.

When the big exchanges will not be only from USA and China, when every country will have at least in airports and shopping centers bitcoin ATMs, when you'll be able to buy with BTC from your fav shop in your city/country, when selling bitcoin for your local currency is not an issue / a tough task, then Bitcoin is a succes. Globally.

their is no need for Bitcoin ATM's

ur Smartphone has 1 million X the power of an ATM

But you'd still want to hold cash right? It's a matter of preference I suppose, so yes Bitcoin ATMs would still have a market.

[nickenburg]

Was the guy who implanted a micro chip with his private keys for his Bitcoin wallet from the Netherlands? In general I think Northern Europe is much more interested in using Bitcoins than Southern Europe. I hope people from all the European countries become more forward-thinking and take the time to learn about this new technology and how to use it.

Yes I looked it up and there was actually a Dutch guy who injected his private keys in both his hands

Here is a article about it: http://arstechnica.com/business/2014/11/man-has-nfc-chips-injected-into-his-hands-to-store-cold-bitcoin-wallet/

Pretty sick but it is a good way they have to kill you if they want to touch your Bitcoins:D

But Yes definitely people from the western world need to become more involved.
And aware of Bitcoin and the opportunities