Australia Says Bitcoin is Money – Japan says Bitcoin can’t be owned

[the_poet]

A couple different views on Bitcoin have come out this week, Australia and Japan both made statements regarding the digital or cryptocurrency.

www.thedomains.com/2015/08/09/australia-says-bitcoin-is-money-japan-says-bitcoin-cant-be-owned/

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[BillyBobZorton]

It's funny how depending on the country you are, Bitcoin is a thing or another, but at the end of the day the algorithm and the way it works will still work exactly the same in Australia, Japan or Mars. Thats the beauty of Bitcoin and it shows how kinda dumb it is to try to regulate it.

[the_poet]

Exactly, the same shade of grey is black somewhere and white somewhere else. Hopefully Australian Govt's views on Bitcoin will become prevalent in the world.

[bryant.coleman]

The Japanese are not very fond of Bitcoin right now, after the bad publicity generated as a result of the Mt Gox scandal. It takes just a single person (Mark Karpeles in this occasion) to destroy the hard work done by tens of thousands of people. The Japanese citizens accounted for somewhere around 15% to 20% of all the Bitcoin losses due to the Mt Gox scandal.

[ashour]

It doesn't matter what the governments say what bitcoin is. Bitcoin is what it is and it can't be changed, it is a decentralized cryptocurrency  in Australia, Japan , USA etc

[Holliday]

Well... I wish the authorities would hurry up and decide so I can start using Bitcoin correctly. I would hate to do it wrong.

[Falconer]

It doesn't matter what the governments say what bitcoin is. Bitcoin is what it is and it can't be changed, it is a decentralized cryptocurrency  in Australia, Japan , USA etc

Yeah, those governments can say anything what they want, totally true. And it is a good news for Australian then, which its government admit bitcoin as money. For Japan, maybe thats because of Mt.Gox incident.
We can ignore what government say about bitcoin, because we will using it, no matter what they say. But their statement could affect people's mind who dont have any idea about bitcoin before, so it will make them to stay away from bitcoin.

[ashour]

It doesn't matter what the governments say what bitcoin is. Bitcoin is what it is and it can't be changed, it is a decentralized cryptocurrency  in Australia, Japan , USA etc

Yeah, those governments can say anything what they want, totally true. And it is a good news for Australian then, which its government admit bitcoin as money. For Japan, maybe thats because of Mt.Gox incident.
We can ignore what government say about bitcoin, because we will using it, no matter what they say. But their statement could affect people's mind who dont have any idea about bitcoin before, so it will make them to stay away from bitcoin.

Well most of the people will believe what their government tells them, and we can't stop that. What we can do is to educate people what bitcoin REALLY is .

[tiggytomb]

It is what it is and will continue to operate in those countries that might not like it, tbere is not a whole lot they can do really to stop it.  I think in the end all countries will eventually have no choice but to accept it, the power is with the people and if the people shout loud enough and long enough they will be heard.

[the_poet]

It doesn't matter what the governments say what bitcoin is. Bitcoin is what it is and it can't be changed, it is a decentralized cryptocurrency  in Australia, Japan , USA etc

It certainly wouldn't hurt if most governments (especially of those countries that play a role in the global economy) ruled in favor of Bitcoin.

[nextgencoin]

People who know how the world works know Japan is really a vassal state to America. Economically if they oppose Bitcoin it's cause they have been told to by their superiors.

[ashour]

People who know how the world works know Japan is really a vassal state to America. Economically if they oppose Bitcoin it's cause they have been told to by their superiors.

Exactly, those regulators/Judicators  who declare what bitcoin is are told to do so from their superiors.

[LFC_Bitcoin]

A couple different views on Bitcoin have come out this week, Australia and Japan both made statements regarding the digital or cryptocurrency.

www.thedomains.com/2015/08/09/australia-says-bitcoin-is-money-japan-says-bitcoin-cant-be-owned/

Bitcoin is still in its infancy as far as mainstream adoption goes. Countries & huge organisations still don't know what to do with/about it.

Give it time & as acceptance/adoption grows they won't have any choice but to bounce off each other & follow suit i.e. all begin to acknowledge bitcoin.

[bryant.coleman]

People who know how the world works know Japan is really a vassal state to America. Economically if they oppose Bitcoin it's cause they have been told to by their superiors.

Japan is a vassal state of the USA (like other countries such as United Kingdom, Germany, and Canada), but the decision against Bitcoin doesn't have anything to do with the Americans. If it was so, then the Americans should have banned Bitcoins in the United States first. This particular decision was solely linked to the Mt Gox scandal.

[ashour]

People who know how the world works know Japan is really a vassal state to America. Economically if they oppose Bitcoin it's cause they have been told to by their superiors.

Japan is a vassal state of the USA (like other countries such as United Kingdom, Germany, and Canada), but the decision against Bitcoin doesn't have anything to do with the Americans. If it was so, then the Americans should have banned Bitcoins in the United States first. This particular decision was solely linked to the Mt Gox scandal.

True, those superiors could be german,french,japanese etc It doesn't matter what they are or where they come from. But something is clear, they want to  harm bitcoin with the use of regulators

[Kazimir]

If Japan says bitcoins can't be owned, do they mean japanese yens on a bank account can't be owned either?

They lack tangibility just as much. And the "dependency on a 3rd party" as the judge referred to, is even worse with yens.

[ArticMine]

The critical difference here is that the Australian comments come from the Australian senate. It is indicative of the need to change laws to reflect the reality of crypto currency. In particular in the Australian case coming to its senses regarding the GST, before Bitcoin is used a way to legally avoid the GST. The Japanese case is a Judge's interpretation of current Japanese law, Big difference.

[kelsey]

It doesn't matter what the governments say what bitcoin is. Bitcoin is what it is and it can't be changed, it is a decentralized cryptocurrency  in Australia, Japan , USA etc

lot of people in their heads make bitcoin to be what they'd have liked it to be, but bitcoin most certainly is centralised and changeable.

[bitbaby]

The Japanese are not very fond of Bitcoin right now, after the bad publicity generated as a result of the Mt Gox scandal. It takes just a single person (Mark Karpeles in this occasion) to destroy the hard work done by tens of thousands of people. The Japanese citizens accounted for somewhere around 15% to 20% of all the Bitcoin losses due to the Mt Gox scandal.

Japanese should realize that it's not the fault of Bitcoin that people lost money in that scandal, there have been a lot more scandals with fiat and they didn't blame fiat for that, Bitcoin is a currency and it will be used to do good and bad. I don't know why is it that when people lose fiat due to theft or scam they blame criminals but when they lose bitcoins for same reasons, it's the fault of Bitcoin.

[bornil267645]

Well Australia is right about one thing, Bitcoin is money, but not the current, it's the future money. And Japan I think treats bitcoin as tech rather than money so they think it can be owned only used.