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Author Topic: Bitcoin being deemed an Illegal tender- What's the potential aftermath and uses?  (Read 316 times)
KorakPawon
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April 23, 2018, 09:47:20 PM
 #21

those who forbid bitcoin there speculate that Bitcoin is considered an Illegal tender. because it is clear when bitcoin is banned in our country and we are still playing bitcoin for the future then it is considered as illegal because it is not recognized by the local country
carlfebz2
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April 23, 2018, 10:59:55 PM
 #22

But they can not forbid you to earn and store coins for example on the stock exchange. When the situation changes you will have a lot of capital.

Technically, governments can do anything with centralized environments, so you can't just blindly assume that you are free from any barbary when making use of exchanges and whatnot. The only way to claim total freedom is when you have nothing to do with any centralized service within this ecosystem. I honestly don't think that we're very far away from the moment governments can shut you off completely from the mainstream infrastructure, which again points out how important it is to stock up as many Bitcoins as possible and have them stored offline online. We actually don't need any centralized services, so why use them anyway, aside from the convenience you think they offer you....
For us who do love decentralized thing will really do such thing but we cant really deny the fact that we do still depend and make use of those centralized stuffs that is being part of our daily lives but when it comes to investment and into other things with money involve we do really like for not on being monitored or being traced up.As you suggested we dont really need centralized services into this matter.
We cant really remove negative impressions on which Government do have with bitcoin.Just deal with it.

vladmamedov657
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August 22, 2018, 07:22:35 AM
 #23

it's only a matter of time, I think it will soon become legal everywhere, because it is a super-strong currency
Aikidoka
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August 24, 2018, 05:06:52 PM
 #24

You pay a lot of attention to what the government thinks about cryptocurrencies. You shouldn't be interested. Governments will always oppose the use of cryptocurrencies. Do not expect mercy. A government ban can make it difficult for you to access Fiat. But they can not forbid you to earn and store coins for example on the stock exchange. When the situation changes you will have a lot of capital.
People always should pay attention to the government. But to follow it, is another question. They should not be blind of what the government is doing. And in fact, not all governments oppose cryptocurrency. If someone has a good amount of bitcoins, he can move to a country that accepts it. But if he holds a small amount, then what is the point of complaining? You can do nothing about it unless you have many followers. And even if you have, many actions should be made. It is just a matter of time until that government unbans crypti because they will have seen how valuable and helpful crypto is.
bajigur894784
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August 24, 2018, 06:28:46 PM
 #25

Cryptocurrency is threatened at one point or another by almost every country. However, bitcoin cannot be stopped, those who crack down will often meet greater public tastes for decentralized virtual money.

The worst possibility, if Bitcoin is considered as an illegal tender, it will only have the potential to form an illegal market.
Gozie51
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August 26, 2018, 07:36:39 PM
 #26

Despite this detail, BTC can be sold in the numerous international exchanges.

Yes it is already been sold and different fiat platforms are adopting it because believe it or not, blockchain technology has been around with us and we have to start accepting what it is coming with, a global coin with a global technology.
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August 27, 2018, 06:59:13 AM
 #27

it will increase money laundering, hacking, no body to make responsible for any problem this are the aftermath which can happen.
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