Mame
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Merit: 14
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October 31, 2017, 05:36:53 AM |
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I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
Some countries doesn't support bitcoin for a fact that each country have different set of laws. And most of the country that banned bitcoin is the countries that are very praticulat with the production and the amount of income they are getting. Because less tax will be less income for the government. |
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No Gods or Kings. Only Bitcoin
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Scorpion
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October 31, 2017, 05:42:00 AM |
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Some countries are unfortunately lacking the infrastructure, technology, and local places to cash or spend their Bitcoin to even consider it to be accepted. I think as technology comes to fold and advances these countries Bitcoin and blockchain will just explode in those countries.
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soilwork79
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October 31, 2017, 05:55:13 AM |
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Some countries fear using bitcoins because it is such a currency which is very difficult to gain control on. Governments do not like things they can not control. And some countries do not understand bitcoin.
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supandi wiharja
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Merit: 101
Earn crypto for being contacted
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October 31, 2017, 06:20:09 AM |
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Perhaps because governments in the country consider that bitcoin is strongly associated with illegal activities or tax evasion.
Many things are considered by the government to consider the country legalizing bitcoin.
It could be that the government is afraid the presence of bitcoin will be inflation, In addition the government is afraid of Bitcoin Being a money laundering place.
Actually on the other hand bitcoin offers many advantages although there are indeed that can harm the country.
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barabut
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October 31, 2017, 06:26:22 AM |
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None of the government would like to support bitcoin due to its decentralised structure it has unsystematic risks for the system, so it is normal. But in some countries they let it go at a certain level.
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Anya Doreen
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October 31, 2017, 06:35:25 AM |
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Perhaps because governments in the country consider that bitcoin is strongly associated with illegal activities or tax evasion.
Many things are considered by the government to consider the country legalizing bitcoin.
It could be that the government is afraid the presence of bitcoin will be inflation, In addition the government is afraid of Bitcoin Being a money laundering place.
Actually on the other hand bitcoin offers many advantages although there are indeed that can harm the country.
Yes! I Agree :-D There are many illegal activities that the Bitcoin can participate if the Government does not review or give some time for this. |
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patz22
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October 31, 2017, 06:57:03 AM |
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The only reason why I think bitcoin is not supported in other countries because it is risky, security issues and it might cause money laundering. Some countries doesn't have any access yet with internet and I know that once they discover the earnings that they can have, they will definitely get into crypto and probably their government will start to invest in this business.
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Ayaancool
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October 31, 2017, 06:58:49 AM |
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I am not sure that any country that banned bitcoin.i never heard about any country that will put the bitcoin holders in jail. But i damn sure that those countries will be all ways backwards in their financial development. Bitcoin is digital currency which promotes development in financial level of countries that supports bitcoin.In my thinking , if any country banned it ........it may because they have threatened by the criminals that use bitcoin for their illegal purpose.
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Andre#
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October 31, 2017, 01:08:49 PM |
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Perhaps because governments in the country consider that bitcoin is strongly associated with illegal activities or tax evasion.
Many things are considered by the government to consider the country legalizing bitcoin.
It could be that the government is afraid the presence of bitcoin will be inflation, In addition the government is afraid of Bitcoin Being a money laundering place.
Actually on the other hand bitcoin offers many advantages although there are indeed that can harm the country.
Yes! I Agree :-D There are many illegal activities that the Bitcoin can participate if the Government does not review or give some time for this. Even the government consider and starting to research about Bitcoin, you also know they do not have any permission to control this system. Bitcoin is a decentralizaion system, no one can controls it, therefore, how to stop the criminal in Bitcoin? |
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BADecker
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Merit: 1372
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October 31, 2017, 01:44:33 PM |
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Some small countries don't have computers yet.  |
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BADecker
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Activity: 3780
Merit: 1372
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October 31, 2017, 01:46:13 PM |
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Perhaps because governments in the country consider that bitcoin is strongly associated with illegal activities or tax evasion.
Many things are considered by the government to consider the country legalizing bitcoin.
It could be that the government is afraid the presence of bitcoin will be inflation, In addition the government is afraid of Bitcoin Being a money laundering place.
Actually on the other hand bitcoin offers many advantages although there are indeed that can harm the country.
Yes! I Agree :-D There are many illegal activities that the Bitcoin can participate if the Government does not review or give some time for this. Even the government consider and starting to research about Bitcoin, you also know they do not have any permission to control this system. Bitcoin is a decentralizaion system, no one can controls it, therefore, how to stop the criminal in Bitcoin? Government or the banking system is the biggest criminal. Bitcoin takes control away from Government and the banking system. Bitcoin stops the criminal. |
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BADecker
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Activity: 3780
Merit: 1372
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October 31, 2017, 01:47:40 PM |
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Central banks do not enjoy competition for their monopoly on currency. It's where they derive most of their power.
They want to have a sole control but they cannot control bitcoin so I can say it has become a threat to them. People will use bitcoin even if they will ban it because as long as there is internet everything is possible online for a person who are satisfied with the decentralized system. It was a threat in the way that bitcoins can be used for buying drugs online and it was very hard for N.B.I. to trace the transaction so the only way to avoid this illegal transactions is to ban bitcoins from circulating the country. Some people strongly believe that Government is the illegal transaction. |
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bololord
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October 31, 2017, 01:55:28 PM |
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I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
Yes some countries did not support this bitcoin based on my research some country hate this becuase they said that this bitcoin is only a fraud for example is china and for my opinion maybe goverments hate this because bitcoin cannot control by any goverments . |
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shawonngp
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Activity: 756
Merit: 107
Sugars.zone | DatingFi - Earn for Posting
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October 31, 2017, 04:48:20 PM |
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Each country has their own rules. The company or the business has to follow those rules. Bitcoin is banned in those countries where it is against the regulation and monetary system of those countries . But I believe, Even though late Bitcoin will get legitimacy in all countries.
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OrangeII
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October 31, 2017, 04:59:59 PM |
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Each country has their own rules. The company or the business has to follow those rules. Bitcoin is banned in those countries where it is against the regulation and monetary system of those countries . But I believe, Even though late Bitcoin will get legitimacy in all countries.
I agree with you. even when bitcoin has a negative side, a country will definitely receive bitcoin. sooner or later. well, bitcoin has shown a positive side, that makes unemployment decreases.  |
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Silverstone1111
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October 31, 2017, 05:06:26 PM |
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Central banks do not enjoy competition for their monopoly on currency. It's where they derive most of their power.
Yes totally agree with that point. The central wants the full control of the finance of the nation. They want to control the money that people earn. Using Crytos like bitcoin people can can be their own bank have their freedom back. So the bitcoin is not supported in some country due to the the fear of central bank. |
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Aizhen05
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October 31, 2017, 05:14:15 PM |
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Perhaps because governments in the country consider that bitcoin is strongly associated with illegal activities or tax evasion.
Many things are considered by the government to consider the country legalizing bitcoin.
It could be that the government is afraid the presence of bitcoin will be inflation, In addition the government is afraid of Bitcoin Being a money laundering place.
Actually on the other hand bitcoin offers many advantages although there are indeed that can harm the country.
Yes! I Agree :-D There are many illegal activities that the Bitcoin can participate if the Government does not review or give some time for this. Even the government consider and starting to research about Bitcoin, you also know they do not have any permission to control this system. Bitcoin is a decentralizaion system, no one can controls it, therefore, how to stop the criminal in Bitcoin? Government or the banking system is the biggest criminal. Bitcoin takes control away from Government and the banking system. Bitcoin stops the criminal. maybe yes that bitcoin can stop criminal but we cant be comfortable with it that bitcoin can control the criminality in the world because as long as there is money involve the criminality is always there. |
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Allan Ramanda
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October 31, 2017, 05:23:20 PM |
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according to my current research, bitcoin can affect people's income, so the government wants to control bitcoin completely, and until now the government has not been able to control the bitcoin, because bitcoin is a freedom
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ASICHEAD
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October 31, 2017, 05:47:56 PM |
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I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
Yes some countries did not support this bitcoin based on my research some country hate this becuase they said that this bitcoin is only a fraud for example is china and for my opinion maybe goverments hate this because bitcoin cannot control by any goverments . The Chinese government did not ban Bitcoin. I do not understand why do many people think the Chinese government hate the Bitcoin market? The Chinese government are the smart people, they used the ICO's to dump the price of Bitcoin and buy it before the price of Bitcoin x2 from this lowest price. Nothing easilier than the FUD created can be succeed. |
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BitcoinPC
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October 31, 2017, 06:03:08 PM |
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according to my current research, bitcoin can affect people's income, so the government wants to control bitcoin completely, and until now the government has not been able to control the bitcoin, because bitcoin is a freedom
Due to the reputation. You are aware about the advantage of bitcoins but maybe you're not aware about its disadvantage. Most of people use bitcoin for some illegal things like Drugs . I heard they use bitcoin on porn sites in order to get premium accounts on that dirty sites. That's the reason why some countries not accept it. |
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