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vicemi
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January 12, 2018, 05:53:54 PM |
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What do you mean by "not supported"? Maybe you mean to say not accepted, or not legal.
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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daarul50
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Activity: 1596
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January 12, 2018, 06:12:05 PM |
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The cause of the non-acceptance of bitcoin in my country is an inviolable government regulation that the legitimate currency to transact only currency in my country so that bitcoin users can not use bitcoin to transact daily and if they want to use the bitcoin then they should exchange the bitcoin first into a banknote in the service exchanger.
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Jerrycryptofield
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January 12, 2018, 06:22:13 PM |
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Governments of some countries are not supporting bitcoin because of their policy which is meant purposely to to check bitcoin investor, knowing fully well that it will be difficult to tax bitcoin investor.
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Kokoy
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January 12, 2018, 06:26:51 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
Probably because theh are not interested with cryptocurrency, which may be a safe step for them since this is a volatile system that may affect their profit, their were not convinced enough with the possibilities that it may help thw community to get a better profit. |
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Kazi Sajib
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For mistek Stuff i got red trust,not my fault
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January 12, 2018, 08:31:52 PM |
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bitcoin is not accept in my country because the government of my country Thinks that they could not track the transaction location this is the point that used the criminal to doing bad work , so this is the main problem so that my country is not accept in bitcoin
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Iphone7s
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January 12, 2018, 08:46:30 PM |
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To the contrary, it is hard to tax money itself since such taxation goes against the very concept of money, but in respect to what is not money governments can easily tax virtually anything. If Bitcoin is considered as property (or some obscure digital rights as in China), you will have to pay a property tax. Wtf, they can even tax your own self for you being a freelancer or having no children
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zemb
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January 13, 2018, 11:08:26 PM |
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Bitcoin supported all over the world, every government has rules to support exchange to bitcoin or not. Actually few countries only ban/unsupported bitcoin
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ericbrown
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January 14, 2018, 10:13:37 PM |
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Governments of some countries are not supporting bitcoin because of their policy which is meant purposely to to check bitcoin investor, knowing fully well that it will be difficult to tax bitcoin investor.
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Lare linglung
Jr. Member
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January 14, 2018, 10:30:52 PM |
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why bitcoin is not supported in some countries maybe they are afraid bitcoin will replace their paper money, because seeing bitcoin has the potential to do that is to replace fiat.
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Bob's Repair / Supported by John McAfee
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An0nyMoose
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January 14, 2018, 10:37:30 PM
Last edit: January 16, 2018, 06:01:48 PM by An0nyMoose |
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Some countries even declare 6 months jail if her people use bitcoin.
Which countries jail people for using bitcoin? I have not heard of a single person jailed for judt holdin cryptos . There are bans on many exchanges though. |
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teejayrichard2
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January 14, 2018, 11:04:37 PM |
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bitcoin is not supported in some countries for various reasons but the main one is based on the fact that it is a decentralized means of payment whereby you control your money. government always want to control everything that runs in a country and when they cant they oppose it. this is the case of bitcoin, that is why it is not supported in some countries.
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vincentong17
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Activity: 266
Merit: 17
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January 14, 2018, 11:16:19 PM |
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Because The community will embrace bitcoin and they will hate banks in the first place. so in their country they prohibited to their citizen to use bitcoin as a transaction. but ofcourse in the long run government will issue their own currency.
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Danglen1010
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January 16, 2018, 03:13:50 PM |
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It is supported in some countries, because bitcoin is one of the best solution in the financial problem in the country and it is the answer to break poverty in such place and be rich by taking a risk in it.
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cryptojoe
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January 16, 2018, 03:27:19 PM |
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People don't like bitcoin they want the traditional currency.
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engrdaver
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January 17, 2018, 08:32:57 AM |
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Some countries accept Bitcoin as digital currency while others do not. In my opinion, some people see Bitcoin as a risky form of investment because it has no physical value or rather it has no backing. We just know the BTC current price it holds right now because of high demand but unlike real money it has gold equivalent making it volatile and risky for that matter. So basically, the government of the countries that does not accept BTC is just concerned for the welfare of its citizens.
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genset88
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January 17, 2018, 09:57:49 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
probabaly because bitcoin cannot be controlled by the government. sometimes we find government take profit too. so it is possible if they think they cannot control bitcoin in order to get profit, so they banned it. IMO besides, bitcoin can be used by criminals and delete their tracks. so they cannot be arrested. I think that many countries banning Bitcoin for saying that Bitcoin is a kind of gambling, and that the country does not want a bad rumor that their place of gambling may also be due to their fear that the Bitcoin process makes The economy of the country is declining |
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Futureblnr
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January 17, 2018, 10:00:01 AM |
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Because bitcoin could break their laws. Because bitcoin can cause a lot of trouble if they allow bitcoin to use. Bitcoin can use for crimes like money laundering, scamming or even use for ransom. Have you heard about ransom ware? As technology is evolving. Crime is also evolving. And its bad if terrorist use bitcoin for buying equipments to make terror to people
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crocozino
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January 17, 2018, 10:12:41 AM |
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I think because they can't control and regulate its emission that's why they are wants to ban on the use of bitcoin, or maybe because bitcoin transactions are difficult to trace, so the government is very scary when bitcoin is used as a crime-agent tool.
Overall if governments do not contral they tend to ban so they will not spend resources for regulation.
But there some countries who sees BTC as assets and they can allow as investment tool, which is good imo
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ronremsey25
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AI SOLUTION TO VOLATILITY IN YOUR CRYPTO SAVINGS
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January 17, 2018, 10:18:48 AM |
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It is because they can't control the price of Bitcoin. They can't control the up and downs of the Bitcoin. Also Bitcoin have doesn't have tax on it so the government will not have a benefit on it.
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hastag_80
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The New Pharma-Centric Marketplace
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January 17, 2018, 10:35:26 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
Definetly some other countries not supported bitcoin because for them its not profitable to there country,and cryptocurrency is not taxable so they should not benefited all the profits coming from the crypto,and mostly bitcoin is decentralized and volatile thats why they cannot control the pump and dump of value of cryptocoins,that mostly the reason why they should not supported digital currency into there country. |
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