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Author Topic: Ukraine May Soon Legalize Bitcoin  (Read 2003 times)
brg444
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September 05, 2015, 11:27:13 PM
 #41

could we stop with this legalize ting?

bitcoin is not subject to any kind of legal approval..

If bitcoin doesnt reach a critical mass before they start to ban it then nobody is stopping them to destroy btc.

Parlaments tend to vote 90%-10% against the wish of 90% of the people, and if no public reaction is to this, then they get away with betraying their voting herd.

It does need legal approval unfortunately, because an underground currency wont really matter, but if its legalized then businesses can build on it and everyone would be better off with.

I`m sorry that soon we will need government approval to pee, but this is the world we`ve been born into.


Fuck "critical mass". Fuck "businesses". Fuck "parliaments". Fuck "government approval".

Fuck your world. Fuck you statist idiot.

This is Bitcoin. This is Freedom.

What the fuck is wrong with people today, i get insulted for no reasons. So please stop insults and lets be civilized here.

You probably mis-interpreted my post, i like freedom, but i`m just saying that this world wont be free because people are too dumb and have a herd mentality.

Parlaments always vote agains their constituents, and they always get away with it. If people are that dumb and uncaring, then who will bring justice here?

Look I'm not sure what you're talking about but Bitcoin is sovereign and needs the approval of no government or any other institutions to exist, that much is clear.

Thats the problem, first you insult and then you dont even know what i`m talking about.

I was talking about the adoption being massively obstructed if it were illegal.

The whole point for bitcoin is to be a global currency, if people are faced with the thread of jail they will be discoruaged to use it, and only mobs will use it which will make it more dark than it currently is.

For bitcoin to be succesful, it must be legal, and it has to comply with regulations too.


Sorry but it will take a long time until bitcoin becomes really independent, currently it's economy is dictated by the establishment. So it would be better if it remains legal so that bitcoin metchants can expand and prosper.

Dont worry in 5-10 years bitcoin will be really unstoppable, but until then we need to work with the establishment.

 Huh

The use of off-shore bank accounts and tax heavens are considered illegal in most countries. Did that stop their adoption? Have you ever heard of the 100T$ shadow banking industry?

For Bitcoin to be succesful we don't need the common people to use it as a currency. That's where you logic is broken. Bitcoin is a financial instrument akin to gold, diamonds, SDRs, etc.

How is the economy of Bitcoin dictated by the establishment !? Again, your whole theory rests on the premise that Bitcoin's value comes from "bitcoin merchants", it really isn't so.

The establishment can go fuck themselves for all I care the instant they realize they have something to do about this Bitcoin thing the ground will be crumbling under their own feet.

 

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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brg444
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September 05, 2015, 11:38:50 PM
 #42

Well off-shores are only used by influential and powerful people, and we know that everyone is equal before the law except those that are not.

I doubt if a regular person tries with an ofshore scheme he will be caught quickly and punished, but not if he is an oligarch. Bitcoin's economy is dictated by the establishment weather you like it or not, because even though the people might be anonymous, the businesses are not. It would be really hard or impossible to run a Coinbase or Bitfinex or Bitpay anonymously, and it would have 1/10 of the users it has now.

So they make the laws for the businesses, and all businesses have to comply. After bitcoin gets more "political power" that might change, but for now, we are bound to that.

But its funny that if the establishment will feel crumbing ground beneath them, they will invest in bitcoin, in fact I think they already hedge it, so that either way they will be the next elite aswell Cheesy

I really doubt the elite were so dumb to not hedge themselves agains all types of risks, so they will always be the elite.

That's the point! I want influential and powerful (read: rich) people to adopt Bitcoin and we both know there is no such thing as an "establishment" stopping them. That is where Bitcoin's value will grow from, not the "regular person". I couldn't care less if "the regular" person has to jump through some hoops to buy Bitcoin. That doesn't mean Bitcoin needs "the establishement" to exist, survive and thrive.

Where did you get the idea that "Coinbase, Bitfinex or Bitpay" = Bitcoin anyway ?


"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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September 06, 2015, 01:20:19 AM
 #43

Ukraine will adopt Bitcoin and then people will become more interested in the coin. This will result in mainstream adoption. Can't wait for it to happen  Roll Eyes

 

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September 22, 2015, 04:35:24 AM
 #44

Quote from: Kuna Bitcoin Agency founder Michael Chobanian
Ukraine became the third country in the world after the UK and Canada, where the central bank decided to study the prospects of cryptocurrency in developing new financial technologies. This will ensure that we maintain our current leading position in the world of Bitcoin.

Prior to the meeting, the BFU prepared a lengthy presentation, which was then sent to any interested parties, explaining how Bitcoin works and prospects of its blockchain technology so that the talks would be more “constructive.”

The meeting was hailed as a success.

Quote from: Chobanian
I would conclude that the meeting was very positive, so the future is bright for Bitcoin in Ukraine.

Source: http://cointelegraph.com/news/115203/ukraine-may-soon-legalize-bitcoin

It's good news for Bitcoin community Grin

It is really good news. Hopeful more and more governments will legalize bitcoin.
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September 22, 2015, 05:42:04 AM
 #45

is nowdays bitcoin was legal on ukraine??
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September 22, 2015, 05:57:47 AM
 #46

The more the better it gets. Once country's see it it as a positive and can improve things and how it can bring more value to that country the better it will get for bitcoin taking global adoption. Places that do not accept or allow it are places that, do not fully understand Bitcoin, or do not want to take part in something that is innovating and life changing.

Once they understand it more then am sure they will follow as others who said in past would not legalize or make legal to use bitcoin have actually make legal and put stuff in place to make sure tax is paid on it when needed and a structure to follow to make sure that a person using also understand what is needed to be paid on and when. Too many places do not understand the power of Bitcoin and how it can make a change.

Once they see this they will soon use Bitcoin in the future. If and when Ukraine do decide on making legal or proving of BTC then its another place and no doubt business will accept for payment. More places the better and gives more people the freedom to use across the world.

I will be making plans next year to book a few holidays using Bitcoin as theirs a lot more places and people accepting Bitcoin than before. sure looking forward to the future maybe one day can take my coin to Ukraine and use their too Smiley

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September 22, 2015, 07:04:00 AM
 #47

is nowdays bitcoin was legal on ukraine??

Of course, it was never illegal!

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September 22, 2015, 07:47:13 AM
 #48

Its good to know at least some of the countries taking this step to make bitcoin more acceptable overall.

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