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Author Topic: Most countries in the ’10 most likely’ to adopt bitcoin are in the developing wo  (Read 1863 times)
Lauda
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May 13, 2016, 06:44:32 AM
 #21

I don't get the general idea behind 'adopt' and 'country'. Is this supposed to be about general adoption within said countries or about the government of said countries adopting Bitcoin? I don't usually agree with these kinds of articles as they're content keeps changing and reflecting on other 'reasons' but they usually end up being wrong.

Iceland openly banned bitcoin as harmful unproven currency and now - according to the list they are most likely to adopt it in the future?
Even though I would not say that they're among the 'most likely' ones, the situation could very well change quickly once they realize their mistake.

We have to add few more countries and people who really go with bitcoin.
And who exactly are 'these people'?

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May 13, 2016, 07:10:22 AM
 #22

I do not agree that Russia is on the list.
So far, the situation is not very unique, and 2016 will be a decisive year for the Bitcoins in Russia.

"According to article 27 of the Federal Law" On the Central Bank of Russian Federation (Bank of Russia) "placing on the territory of the Russian Federation of money substitutes is forbidden." (C) The Bank of Russia

"Cryptocurrency - illegal means of payment, sorry, at the current time all legends around the world that they are allowed -. Fiction must pay tribute to those who came up with" Bitcoin ", and who coined the term cryptocurrency, meme, head virus hit. "(c)
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The Russian government is constantly slanders, insults cryptocurrency. They still do not understand these issues. Someone calls to ban the planting and in prison, someone says that will create a fork and use blokchain technology.
I think all the problems in the totality of Russia. They constantly want to control everything!

With regards to the poorest African countries, it is a good idea, but in these countries to begin to create conditions for dissemination cryptocurrency.
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May 13, 2016, 07:16:34 AM
 #23

Most of these are developing because the 3rd world countries cannot handle and maybe even fathom a currency. First world countries are vice versa, cannot understand anything but their coin and cannot fathom a currency change.

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May 13, 2016, 07:24:24 AM
 #24

I find this choice of top 10 countries very strange. Where are Japan and Switzerland? Japan has recently announced they are going to acknowledge Bitcoin as a legitimate digital currency and it should be on the top of that list in my opinion. Also Switzerland is very open to fin-tech advancements in general so it wouldn't be a surprise if they legalize Bitcoin plus many of the Bitcoin companies have their headquarters in Switzerland. And I would include the Philippines in the top 10 as well.

My list would look like this:

1. Japan
2. Switzerland
3. Some Nordic country- Sweden, Denmark, Norway, Iceland, Finland
4. Some emerging Asian country - the Philippines, Singapore, Indonesia maybe
5. Some emerging African country - South Africa
6........  everyone else
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May 13, 2016, 07:31:46 AM
 #25

Here in the Philippines, we can get BTCs in an hour either via traditional deposits on banks or online banking. We can also cash out our btc thru ATMs on a cardless transaction in minutes so I think BTC has a good future here.

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May 13, 2016, 07:44:40 AM
 #26

Wow that is a very different list to what i had expected

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May 13, 2016, 05:31:58 PM
 #27

Surprisingly, I don't see Japan or China which is highly likely that will be on the lead for bitcoin adoption because they are already adopting it.Like in China, bitcoin atms are already placed in various places.
I'm surprised as well that Russia is on the list when there was a law (coming from my Russian friend) that restricts them from using bitcoins.
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May 13, 2016, 05:42:38 PM
 #28

Bitcoin would grind to a halt if Niue decided to adopt it enthusiastically. Let's get some scaling up in the bag before even dreaming about this type of thing.
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May 13, 2016, 07:07:38 PM
 #29

Let's get some scaling up in the bag before even dreaming about this type of thing.

SegWit soft fork and the various Lightning implementations continue apace, so one wonders what you're referring to. If you're unaware of the scaling plans and their level of progress/acceptance, you only have yourself to blame.

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May 13, 2016, 07:16:39 PM
 #30

Let's get some scaling up in the bag before even dreaming about this type of thing.

SegWit soft fork and the various Lightning implementations continue apace, so one wonders what you're referring to. If you're unaware of the scaling plans and their level of progress/acceptance, you only have yourself to blame.

Rube Goldbergian Vapourware and ~1700 LOC op code hacks are not, as yet, in the bag.
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May 13, 2016, 10:58:51 PM
 #31

Guys! This article and that list of countries is more than 2 years old. Everything has changed since then. The same team ought to make a new list.

I used to be a citizen and a taxpayer. Those days are long gone.
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May 13, 2016, 11:03:52 PM
 #32


SegWit soft fork and the various Lightning implementations continue apace, so one wonders what you're referring to. If you're unaware of the scaling plans and their level of progress/acceptance, you only have yourself to blame.

Your astonishingly consistent condescension is admirable. Increased scaling is not here and nothing is proven yet.
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May 14, 2016, 12:50:59 AM
 #33


SegWit soft fork and the various Lightning implementations continue apace, so one wonders what you're referring to. If you're unaware of the scaling plans and their level of progress/acceptance, you only have yourself to blame.

Your astonishingly consistent condescension is admirable. Increased scaling is not here and nothing is proven yet.

Agree. Until it's boots on the ground with SegWit, any serious adoption by a new market could cause très congestion. Although this is old hat, this is what btc really shines for: providing quasi banking services for the unbanked in places where it's not feasible to put a lot lot of financial infrastructure down in. Great example is Africa. Ton of people, but not a lot of money among the lot (corporate interests are siphoning their value abroad, but that's another conversation). Not a great idea to invest a grip into setting up a robust banking system, as there isn't much product (money) to use to generate profit from. But these people spend money, and a lot of it; being able to capture some of that value via blockchain financial services (hosted wallets, trading commissions, service fees on bitcoin payment gateways) should be very lucrative. And it provides a service (money transmission) that the people can use, at an effecient price (hopefully).
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May 14, 2016, 12:57:59 AM
 #34

I find this choice of top 10 countries very strange. Where are Japan and Switzerland? Japan has recently announced they are going to acknowledge Bitcoin as a legitimate digital currency and it should be on the top of that list in my opinion. Also Switzerland is very open to fin-tech advancements in general so it wouldn't be a surprise if they legalize Bitcoin plus many of the Bitcoin companies have their headquarters in Switzerland. And I would include the Philippines in the top 10 as well.

My list would look like this:

1. Japan
2. Switzerland
3. Some Nordic country- Sweden, Denmark, Norway, Iceland, Finland
4. Some emerging Asian country - the Philippines, Singapore, Indonesia maybe
5. Some emerging African country - South Africa
6........  everyone else
Since the original article is over two years old, I am surprised Greece hasn't fully adopted bitcoin as their national currency yet  Wink
Since that's when their woes started but then they kept getting bailed out by other countries so they said forget about it, we got enough money now  Roll Eyes

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May 14, 2016, 01:42:10 AM
 #35

I find this choice of top 10 countries very strange. Where are Japan and Switzerland? Japan has recently announced they are going to acknowledge Bitcoin as a legitimate digital currency and it should be on the top of that list in my opinion. Also Switzerland is very open to fin-tech advancements in general so it wouldn't be a surprise if they legalize Bitcoin plus many of the Bitcoin companies have their headquarters in Switzerland. And I would include the Philippines in the top 10 as well.

My list would look like this:

1. Japan
2. Switzerland
3. Some Nordic country- Sweden, Denmark, Norway, Iceland, Finland
4. Some emerging Asian country - the Philippines, Singapore, Indonesia maybe
5. Some emerging African country - South Africa
6........  everyone else
Since the original article is over two years old, I am surprised Greece hasn't fully adopted bitcoin as their national currency yet  Wink
Since that's when their woes started but then they kept getting bailed out by other countries so they said forget about it, we got enough money now  Roll Eyes

lol, that will never happen. the adoption of bitcoin as a national currency that is. it doesn't even matter that Greece national currency is going down the toilet, a nation wide adoption is not going to happen, bitcoin is not yet ready it is still volatile and not ready to be a full on currency yet.

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May 14, 2016, 01:42:54 AM
 #36

I really doubt that some of those countries will ever adopt Bitcoin. I think that the first 3 countries won't adopt Bitcoin, but from number 4 down, they will adopt it.
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May 14, 2016, 03:38:00 AM
 #37

No country is willing to lose control of their currency. I think USA especially will not adopt Bitcoin. One has to remember you want a currency to hold value, but currency also facilitate trades, people's everyday life. This is more important.
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May 14, 2016, 06:58:29 AM
 #38

Slowly every country will adopt it.

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May 14, 2016, 08:26:08 AM
 #39

When the price of Bitcoin spiked to $1250 this was party helped by the banking crisis in Cyprus when the government straight up stole a portion of the account balances of people in deposit taxes. Yet Cyprus and Greece didn't accept Bitcoin as a national currency even though these 2 countries were affected the most and people were hastily withdrawing all their fiat and buying Bitcoin. I still think Japan will be the first country to embrace Bitcoin as a legitimate digital currency.
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May 14, 2016, 01:21:05 PM
 #40

Its very rare to find place who accept bitcoins in Finland.  Sad

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