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signup01
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April 11, 2018, 04:23:36 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
can actually support may still consider all aspects that support bitcoin can be used by the state and we also know bitcoin that knows only some people or certain groups so that maybe the government is less support because it can not be accessed by all layers of people |
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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jayveerastrullo
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April 11, 2018, 04:43:54 PM |
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For just one main reason, some countries do not want to support bitcoin because there are people who uses it as scam, to outweigh others.
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Lamborgini64
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April 11, 2018, 04:47:55 PM |
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Because those countries are usually under hard government restrictions and they won't to stay in the maximum control as they can. You don't see any "normal" government (that isn't close to communism) banning bitcoin?
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Cryptpopo
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April 11, 2018, 04:49:03 PM |
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Some country of the world hasn't support it simple because,bitcoin is yet to have base,no government is in charge, no country rule over it.
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Crash21
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April 11, 2018, 05:25:29 PM |
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Those countries have old people in government or they are just don't know what bitcoin is. Someday bitcoin would be accepted everywhere because of very useful blockchain system.
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pratik.korde
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April 11, 2018, 05:38:51 PM |
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bitcoin cannot controlled by government. every country has different money policy so we can see different rules. and i think they do not realize the benefits of bitcoin. many peoples use bitcoin because it doesn't have tax. currently they don't know the importance of bitcoin. some countries don't know how profitable bitcoin is.
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ekeh
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April 11, 2018, 06:00:39 PM |
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bitcoin is a cypto currency that is acceptable all over the world, which is working perfectly online transaction and at the end of the day, it can be converted to physical cash through a bank transaction, secondly bitcoin transaction or business, really need educated person that can understand that, they are what we called virtual money that can be control, which is simply known as digital money. for a better understanding of the digital money is to go for knowledge, like wise some country that not believed on bitcoin existing need the knowledge too. bitcoin is real.
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Batang Hambog
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April 11, 2018, 06:10:35 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
Every government that declining Bitcoin in their country have different reasons, maybe it is for their own good. With regards to your question about how these countries are doing these it is helpful to read some articles and news of their country about cryptocurrency. After that analyze the characteristics of their country making bucking not supported. Just like what I heard from my friends, some countries cannot support morning because of bills issues. |
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jchi2210
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April 11, 2018, 06:20:05 PM |
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Because these countries like to have control over what their people do with their money. It's all about regulation to them.
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Kambal2000
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April 11, 2018, 06:39:22 PM |
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Because these countries like to have control over what their people do with their money. It's all about regulation to them.
Exactly! They don't like bitcoin because they know that it would be hard for them to find out who is the person not paying the right tax as bitcoin is anonymous, they don't like this kind of opportunity because they think that it is a threat to the countries market. |
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Denigmatic
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April 11, 2018, 07:04:47 PM |
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Any government can pass a bill in the assembly and make the law lawful in their country. All this is because of these corrupt politicians. Once upon a time we were a good politician around the world.
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dgross0818
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April 11, 2018, 11:12:49 PM |
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Among countries to have banned bitcoin in the past are Bangladesh, Bolivia, Ecuador, and Kyrgyzstan. The bans seem to have had little effect on the global bitcoin network.These countries are of little consequence to the global cryptocurrency liquidity or global blockchain industry direction.
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decano
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April 11, 2018, 11:35:57 PM |
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I think it does not need a great technology for using bitcoin in a country, does not need the approval of a government if you want to use bitcoin, bitcoin can be used anywhere as long as you are connected to the Internet
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bitterguy28
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★Bitvest.io★ Play Plinko or Invest!
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April 11, 2018, 11:43:01 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
I think if the country are not allowing bitcoin is difficult to accept for those individual people, the reason is if he/she need to convert bitcoin into fiat there's nothing way to convert it because the exchange are not accepting bitcoin because government treated as illegal. and hoping someday all country waking up and open their minds about the importance of bitcoin how to help to economy and to the community of each country. |
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Kodok Bencot
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April 11, 2018, 11:59:52 PM |
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The main reason of course is because many of the unwanted features of the country, for example are anonymous so that makes everyone will use bitcoin for transactions including for illegal transactions like money laundering, buying drugs and so on.
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Nsync
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April 12, 2018, 12:09:42 AM |
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Those countries have old people in government
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boynamnhi
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April 12, 2018, 12:15:51 AM |
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As far as I know, over 200 countries now accept Bitcoin. Some countries favor Bitcoin payments. There are still some countries that regard Bitcoin as a social evil that needs to be eliminated. If I'm not wrong, these countries are worried about the bad effects of Bitcoin and non-governmental development. There are some issues dealing with the payment of arms sales, pay for terrorism, assassination ... with Bitcoin. ...
If Bitcoin is under the legal control of an organization or country, then things will probably be better
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Kita Kita
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April 12, 2018, 01:15:15 AM |
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The main reason of course is because many of the unwanted features of the country, for example are anonymous so that makes everyone will use bitcoin for transactions including for illegal transactions like money laundering, buying drugs and so on.
I am sure that bitcoin is not supported in some countries because until now there are some people is using bitcoin to scam a people that is not knowledgable enough here in crypto world, and there are some negative news about bitcoin that's why some countries still not supporting bitcoin. |
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Aliya Taj
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April 12, 2018, 01:25:58 AM |
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BTC is not supported in some countries because its considered illegal, Those particular countries consider it a threat to the national economy thus banning its use while some are just locked in a legislation battles with BTC
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bnmh23
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April 12, 2018, 08:03:36 AM |
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The state needs to control currency rights. This is contrary to the core of Bitcoin. Bitcoin is a threat to the current system. Some governments believe that it is only for the sake of making people profitable. Many high taxes give them power. This is how they rule the country. They already know how to control the money supply in the state. They control everything, so some countries oppose Bitcoin.
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