futuristic18
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January 24, 2018, 12:11:27 PM |
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Bitcoin is not supported in few countries, reason it being in decentralized form. Moreover, technology is very new for some undeveloped countries where digital technology is not much in sight.
Bitcoin is a crypto currency and many people fear to use it as there are no HYC involved.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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icytalk
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January 24, 2018, 12:15:15 PM |
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bitcoin is accepted in my country by people
but not by govt
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bobylevamo
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January 24, 2018, 12:56:24 PM |
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I have not heard any country giving jail for Bitcoin but it may happen in future for sure.
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Clickcluck
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January 24, 2018, 12:58:41 PM |
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I think it's good that governments don't support bitcoins. Cause ones any government starts "supporting" it, it just starts some stupid attempts to poke nose into cryptowold in order to control it
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Neilfajardo09
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January 24, 2018, 01:00:33 PM |
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I think that is bitcoin is not supported in other countries because i think becaouse of the lower price lower earns so thats why i think thats why bitcpin is not supported in other countries  |
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bad_apple
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January 25, 2018, 01:02:25 PM |
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I think it is because of their laws or policies of the government. It is how it works every time. Every country have their own beliefs, their traditions, their way of life, therefore there are complications and trust issues about some serious matters especially when it comes to money. Money is everything as it is today in this era. People commit crimes just for money so for security purposes, some countries are very strict on implementing crucial issues such as bitcoin.
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nicko122
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January 25, 2018, 02:41:14 PM |
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Uncontrolled and unstable currency, which is the most expensive in the world. Its popularity makes people take risks and invest in big money. And the government can not at all influence this, only try to ban it.
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jonosutio
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January 25, 2018, 02:48:53 PM |
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because bitcoin has very good advantages, they are afraid people in certain countries will completely switch to bitcoin as their main job, and with that problem there will be problems with taxation and that's when the government will have big problems, most people already have control over their own money. therefore a country prohibits using bitcoin, is not bitcoin good for economic growth of country?
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Blackwhite69
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January 25, 2018, 02:54:54 PM |
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some countries think that bitcoin is very risky, difficult to control, and risky when used by irresponsible elements. this is what makes some countries prohibit the circulation of bitcoin
That's some of the risks that Bitcoin can generate and many more positive and negative impacts for a country. I think some governments forbid Bitcoin not to extend a major loss to the country. |
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loalvin
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January 25, 2018, 02:57:36 PM |
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You need to make a difference in whether BTC is not supported by not being able to do anything with it (no ATMs, bitcoin ready POS, etc) or not supported by the government and banned all activities involving bitcoin. the first one is pretty common, i believe this year we will see advances on that field. The second one well I hope is not happening anytime soon. Today i read an article about South Korea lifting bans but regulating the activity. https://deeponion.org/community/threads/south-korea-gov-allows-people-to-invest-trade-in-crypto.27349/ |
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klser
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January 26, 2018, 08:13:02 AM |
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I think it's because they can not control and therefore pose problems for users. The government wants to take taxes from all incomes of the population.
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CryptoMauren
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January 26, 2018, 09:10:30 AM |
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the country may feel worried about taxes and the lack of control over the digital currency
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kmrunner
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January 26, 2018, 09:36:23 AM |
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the lack of outstanding or anonymity are one of the reasons. In some countries its hard for the government to really trust because it is originally created for underground transactions plus the uncontrollable increase of values and investors.
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bitgiver
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January 26, 2018, 11:55:20 AM |
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There is another important reason: blockchain and all around is the way of changing the whole world, bringing the new world new formation of people; and all governments are supported and ruled by "old formation" and now they feel their time to to oblivion... and of course they dont want to ))) It is evolution, guys!
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AliMan
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January 26, 2018, 01:03:54 PM |
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There is another important reason: blockchain and all around is the way of changing the whole world, bringing the new world new formation of people; and all governments are supported and ruled by "old formation" and now they feel their time to to oblivion... and of course they dont want to ))) It is evolution, guys!
There are many factors to determine why some countries are not accepting bitcoins. I think the main reasons are the laws of the government and the awareness of the people living in that country on bitcoin. Some of the countries like America and England have truly supporting btc because people are very aware that this kind of digital currency is existing and they know how to use it as an equivalent of cash. Someday, maybe the government will pass a bill to the regulation of btc and adapt this kind of cryptocurrency. |
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Windbeard
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January 26, 2018, 01:08:09 PM |
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Because it is not profitable for the foreign exchange market. Also, many countries do not have the opportunity to launch a crypto currency for free circulation.
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SummonKing2
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January 26, 2018, 01:39:28 PM |
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That's because they do not want bitcoin and they do not support bitcoin in their area because they know it's just a scam and nothing happens when you bitcoin. but what they do not know is that it is true and they are paying the right. but maybe this is not the reason why they do not like bitcoin, there are many reasons but I do not know that. 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.
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Capazoolo
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January 26, 2018, 01:50:39 PM |
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Corrupted politicians in countries invest their
all black money in bitcoin without paying tax,and
All black money gets increasing because of the
Economy of country gets huge drop,and it's also
Affect development of country
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Dico88
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January 26, 2018, 02:38:28 PM |
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I think a lot of countries are afraid to solve bitcoin, in fact they can be used by all types of scammers and then they will not be found. They are worried about the security of different fraudsters.  |
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conected
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January 26, 2018, 02:52:29 PM |
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There is another important reason: blockchain and all around is the way of changing the whole world, bringing the new world new formation of people; and all governments are supported and ruled by "old formation" and now they feel their time to to oblivion... and of course they dont want to ))) It is evolution, guys!
There are many factors to determine why some countries are not accepting bitcoins. I think the main reasons are the laws of the government and the awareness of the people living in that country on bitcoin. Some of the countries like America and England have truly supporting btc because people are very aware that this kind of digital currency is existing and they know how to use it as an equivalent of cash. Someday, maybe the government will pass a bill to the regulation of btc and adapt this kind of cryptocurrency. - Well, knowledge and understanding clearly about Bitcoin is still limited in some countries, many rumors are not so good and bitcoin is very easy to use for illegal things, this leads to the fact that bitcoin is not supported and is banned in some countries. People are always afraid of something new, bitcoin is a new thing, people will need time to adapt, in the future, this will change, Bitcoin will go into the lives of many people but one thing that does not change, is that the government will not accept the use of bitcoin as a currency |
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