Why the Future of Bitcoin Lies in Europe

[maokoto]

I am from Europe and I do not see much Bitcoin movement ...

However, as long as you can easily exchange Bitcoin for fiat and then transfer to your bank online, you can use Bitcoin in any place.

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[Kprawn]

I hate to agree with this chap, but the USA is over regulated and not very Bitcoin friendly. They do have the advantage with the well developed internet infrastructure and loads of talented engineers in the

development scene, but it will not be enough, if all that innovation goes to waste on governments set on over regulating the technology. In a sense you understand that they are under constant threat, and they

have to regulate everything to be able to monitor and control these threats, but I think they are over complicating the matter and people try to capitalize on the technology by implementing stupid license's.

This will just give Europe and other Bitcoin friendly countries the lead. 

[batesresearch]

I think the UK is pushing forward enough to keep me here instead of looking into developing with Bitcoin in the US.

We are pushing forward but I hope the government don't try to regulate what they don't understand.

[gentlemand]

European banking is light years ahead of the US for the average consumer. American banking is a fucking joke straight out of the stone age. They're the ones who'll get far more utility out of BTC. There's really no reason for a European to use BTC in comparison.

[kalooki]

The big issue in Europe is that there are a plethora of low-cost instant and risk-free payment methods already in place.

For example;
- Spending 300 euro on a credit card costs less than 0.2%, and most transactions are not subject to fraud due to 3D secure (online) or chip and pin (point of sale).
- I paid for my coffee this morning (3.65 euro) via a contactless card which cost the merchant about 4 cents to process (due to being contactless).
- Even for those without cards inter-country bank transfers are generally free and often instant.
- For those who love anonymity there are tens of millions in anonymised payments transaction monthly via PaySafeCard, Ticket Surf, and others.

...as a payment method, it just doesn't have a use case at the moment (other than darknet retail).

As a store of value in Europe, sure. However it is still inflationary and volatile, and people have low cost access to other inflation proof investments. Again, no real use case (other than hiding wealth effectively).

[okae]

We are pushing forward but I hope the government don't try to regulate what they don't understand.

they will as they always did, im pretty sure they have already taken their measures, ready to rumble

lets hope they dont f*ck it as always did with everything.

I would expect Venezuela will be next in BTC interest.  There is a thread elsewhere on Venezuela and BTC and their economy.

But NO ONE in Peru is into it, que pena...!

dont worry is just a question of time they did it

he speaks to a number of European bitcoin companies about why the future of cryptocurrency and blockchain technology could lie in their home continent,

i can see some hidden interest here, maybe?

[makcik]

Europe is a continent consisting of developing nations and bitcoins was developed in this continent too. It's the home of bitcoins.
Reasons behind its development is because it's completely being legalised in most of the countries there. Countries there are now trusting on bitcoins thoroughly.
Most of the oil and reserves in Europe are now using bitcoins in their business. Government of many countries in Europe are also planning to legalise bitcoins for use in parliamentary affairs ( just planning, not sure whether they will allow or not). People also priviledge bitcoins more there..
And these are the primitive reasons.

[xuan87]

In the beginning i think future of bitcoin lies in Europe, the reason is european people is the first one to adapt this kind of bitcoin system or at least the first person that implemented to internet

but for this past few years bitcoin has become widely recognized so i think the future of bitcoin maybe going to change in asia due to the population

[USB-S]

If the future adoption of bitcoin lies in Europe, it may be because of a future financial disaster. People will search for alternatives, bitcoin is going to be the one that shines the brightest most likely, the other being gold. Adoption driven by a disaster isn't really the thing I'm looking for. Can't we just do this thing peacefully without a major crisis? I'm backing bitcoin either way.

[Blind Legs Parker]

I'm wondering if you people who think that the future of bitcoin lies in Europe are European or not?
As a European I can tell you I seriously doubt that Western Europe (and especially France) is going to play a leading role in allowing bitcoin to get broadly recognized. The people in these countries will only accept bitcoin when it is already widely recognized... or when Euro krashes if it does (and even then, I think they'd even be afraid to buy gold, no need to talk about bitcoins).

Reasons are that the EU already has fast and cheap bank-related payment methods. Mentalities play a big role too. Old Europe is traditionalist and afraid of change. Look at Greece. Even now, with their present disastrous situation. Is there even a single Greek on this board, interested in bitcoin, in the first place?

[dothebeats]

I think not only in Europe but to some other developing areas where the need for money transfers and fast transactions are high. It might be evident in the Europe now probably because of the economic slowdown it is experiencing right now but I tell you, once a developing country adapted bitcoin and use it in a large scale. it will be where the future of bitcoin lies.

[helloeverybody]

I'd say China has big enough players with enough money to take btc  to the moon.   

[Amph]

well the OP was right at that time, because then there was the vat-free from europe and they also not against bitcoin at all, even concerned terrorism threat

they threat it as a fiat money, but not regulated yet

[OROBTC]

...

Europe (apology for over-generalizing) is kind of contradictory when it comes to privacy, financial matters, and even BTC.

I just read that FRANCE will NOT ban things like TOR and free WiFi, and will consider these technologies as part basic liberties.  Yet they have very high taxes, and apparently tough tax police.

Other countries too make noises about personal privacy (attack the USA's NSA for their odious monitoring of almost everything), especially Germany -- a frequent target of the NSA.

America, the purported land of the free, has contradictory notions too re BTC, and 50 different states to regulate it (not even mentioning regulations at the federal level).

My point here?  Hey, it could be that Europe may indeed be the future of Bitcoin.  Who knows?

[BellaBitBit]

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.

Perfect response.  Let's take focus of certain locales, it is global that is the key.

[JeWay]

Because their government can handle Bitcoin economy better than any other country outside Europe

[btckold24]

Its important to the future that all countries and regions adopt it. I don't think its make
or break depending on Europe but of course its helps a ton if Europe is behind it.

[masewild]

The New York has bitlicense. It also has a regulated bitcoin exchange, the Gemini. The Europe does not have one yet.

[bowitje]

there will allways be the 5 best markets

[TKeenan]

No, no. You guys have it all wrong. The future of Bitcoin depends on intergalactic space travel and bringing the blockchain to emerging alien civilizations.

Using a new shiny blue laser I just bought, I already transmitted a copy of the blockchain to millions of alien civilizations.  No need for travel.