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lienfaye
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July 29, 2020, 07:21:49 AM |
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This can bring positive impact to crypto community. If bitcoin is recognize as a form of money then we can expect people to use this crypto as an alternative to traditional fiat. Mass adoption can influence the price as well to soar high and its good for investors who hold their bitcoin for long period already. It also means many merchants will finally accept bitcoin as one of their payment method, it wont be hard now to use it for spending and as currency, the reason it was created in the first place.
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Gorosden
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$CYBERCASH METAVERSE
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July 29, 2020, 07:24:45 AM |
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Yes it could be a big win for crypto but Bitcoin and other decentralized crypto projects don't need any centralized help to stay alive, this will only create for awareness and possibly more adoption, crypto will still survive without any help
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jcpone
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July 29, 2020, 11:18:28 AM |
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Since I discovered Bitcoin and found out that it can be convert into a real money, I said to myself that this was a real virtual money. It's already a big WIN a years now dude, almost 1 decades now that bitcoin gave a lot of money to everyone in the entire world actually. So, this means another great news again for all bitcoin users and holders too. |
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imstillthebest
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July 29, 2020, 11:39:20 AM |
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Since I discovered Bitcoin and found out that it can be convert into a real money, I said to myself that this was a real virtual money.
It's already a big WIN a years now dude, almost 1 decades now that bitcoin gave a lot of money to everyone in the entire world actually.
So, this means another great news again for all bitcoin users and holders too.
bitcoin gave alot of money ? wow thats effin awesome . but seriously it does not . you can get bitcoin but not for free rather you get it when you exchange your own cash to it or you are willing to work and get paid by it . virtual money is a real money but in a digital form and btc is classified as one of a virutal money by the time it has started . this isnt another great news because we btc users already knew this except to those that are not yet convinced that btc is a real money |
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ven7net
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July 29, 2020, 12:24:47 PM |
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This is definitely very good news for the entire crypto community. However, we must not forget that all this can play a bad trick on us. The principles of blockchain and cryptocurrencies are based on complete decentralization, but the very adoption of cryptocurrencies in the world has a connotation of centralized control. And here we are at a crossroads, and what path the adoption of cryptocurrencies in the world will take will mean how the crypto market will develop further. We are now still at the beginning of a big journey for crypto and we need to be more careful with this kind of news. But I'm still glad that such news comes. This means that the crypto market is developing and moving forward. |
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carlisle1
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July 29, 2020, 12:34:18 PM |
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Is this another factor why bitcoin recently make a great pump with ethereum>? Washington is one of the popular state in US so the impact of this will grow bigger to stocks and also to crypto? that day Bitcoin starts go wild and until now sustaining the $10,000-11,000 if other states follow washington ?then we are looking forward for the Bull here. Yes it could be a big win for crypto but Bitcoin and other decentralized crypto projects don't need any centralized help to stay alive, this will only create for awareness and possibly more adoption, crypto will still survive without any help
What is the need for centralized coins? Just a state law that has been passed. Nothing to be excited about to be honest, but yeah it is a small step towards the total integration of crypto currencies into the monetary system. Putting crypto currencies under Washingtons money transmitter law means they are eventually looking forward to do something big with it. The biggest news is going to be the one where the country announces bitcoin as a legal tender  . But, one thing, it is going to be regulated at full scale! You know how important this is for the whole world,not only in crypto but in economy also. Laws against Bitcoin is really going anywhere so having this is a Win for us. |
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IvugeoEvolutionCoin
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July 29, 2020, 12:42:23 PM |
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Yes it could be a big win for crypto but Bitcoin and other decentralized crypto projects don't need any centralized help to stay alive, this will only create for awareness and possibly more adoption, crypto will still survive without any help
Actually BTC needs proper regulations to go mainstream fully, regulations are from centralized authorities. In as much as centralized authorities cannot control crypto, they still have a role to play wrt acceptability. I really like the news put up by OP, Bitcoin being recognized as money by a government body is a good one. |
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Miaallen
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August 01, 2020, 12:49:16 PM |
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It is true that the ruling is a great win for the entire cryptocurrency world but their are still lots of hinderance blocking the legal tenderness of the cryptocurrencies. I doubt the world government will approve this without having a way getting hands into the price regulation.
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Saisher
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August 01, 2020, 12:51:47 PM |
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Maybe on that State but other countries cannot adopt that ruling, because every country has its own policy regarding on Cryptocurrency, it could be different in Russia, Japan or China, although it's positive news for the community I don't think it will have a big impact in the whole industry or on every country, it takes more than that to create an impact. |
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crzy
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August 01, 2020, 01:02:26 PM |
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This is a biggest court rulings in favor to bitcoin and it will be a big impact to the whole cryptocurrency. Acknowledging bitcoin as the real money is long overdue, they should done this before the crisis and maybe they prevented this one. Anyway, this is a new start and a new uptrend with bitcoin more good news can make bitcoin pump higher and create a new all time high, keep holding.
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Script3d
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August 01, 2020, 01:16:33 PM |
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Getting bitcoin recognized as real money is nice but how will it translate to real world, i dont think it can be used as a mode of payment in real life given how you need to wait for a transaction to be confirmed. Bitcoin is good as a investment though, high risk high reward.
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tiang_tower
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August 01, 2020, 01:26:47 PM |
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It is true that the ruling is a great win for the entire cryptocurrency world but their are still lots of hinderance blocking the legal tenderness of the cryptocurrencies. I doubt the world government will approve this without having a way getting hands into the price regulation.
Yes, and this must be really studied by the government before everything is approved for price regulation, because it involves the law that must be carried out by everyone, so it's a bit difficult to take as an action. |
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@baoli
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August 01, 2020, 01:38:40 PM |
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I only think this will bring a form of regulation for Bitcoin. The volatility of cryptocurrency is so huge that a billionaire can go back to millionaire in few seconds. In time past soany debates have come and gone. Lets see how this goes.
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Base Protocol (https://baseprotocol.org): One Token to Hold Them ALL | [url=https://baseprotocol.
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Bezobraznike
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August 01, 2020, 01:55:44 PM |
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Finally some form of legalized it from the authority. Though I think there are still more things to do before come close to the mass adoption, this is still a piece of welcoming news.
On other side of the world Russia is banning using crypto-currencies for any kind of payments. Putin seals law to ban crypto payments in Russia, source: https://www.teletrader.com/putin-seals-law-to-ban-crypto-payments-in-russia/news/details/52844280?ts=1596290051184 Some countries are opened for crypto-currencies, while some are not! I think we will wait and see what will some countries do, and I am sure we will see many regulations and different rules for each country. |
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smyslov
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August 01, 2020, 02:25:00 PM |
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And yet another good news again, well Its better not to depend on this, it isn't the first time we will see good news like this and nothing still happens, it's better that DeFi is taking the lead you know, way better than any good news
Good news but cannot be considered a big win because we have already read a lot of these in the past it just adds up, the biggest news right now is the Defi news and the movement of the top coins in the market we are now in a bull run just us we've had our long bear period I'm hoping that we will also our longest bull period. |
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memed97
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August 01, 2020, 02:39:21 PM |
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I only think this will bring a form of regulation for Bitcoin. The volatility of cryptocurrency is so huge that a billionaire can go back to millionaire in few seconds. In time past soany debates have come and gone. Lets see how this goes.
Yes, and time travel will provide a very appropriate answer to this, because speculation and predictions often do not provide the maximum answer for a regulation that will roll in the future. |
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perfect999
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August 18, 2020, 09:31:52 PM |
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This could legalize bitcoin but it would also bring more regulations relating to it and would be taxable and counted upon income and other taxes. In my opinion, bitcoin use was never a threat in an open society like US but it's categorization as money would provide more power to the authorities to control it. Though the consequences would be clearer with the passing time. If you are earning an income, you should act like a citizen and pay the taxes. Bitcoin was developed keeping decentralization in mind i.e. to eliminate the interference of any third-party institution and not as something to hide your black money with. It is only fair if government imposes taxes on it and stops money laundering and other illegal activities. Bitcoin or any other cryptocurrencies if left unregulated, will give rise to many illegal activities and also increase its usage as payment method on the dark web. |
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