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OrangeII
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March 04, 2017, 06:49:30 AM |
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Many countries even do not understand the basic of bitcoin. So they avoid it. In my place I have seen that people invest in new thing, as they are greedy, without knowing the business. What if a gropu of people start to promote hoax and sell btc at $2k per coin in a place where people have zero idea about btc. Some of the people will buy btc and what later ? They will face a great crisis. That is a real reason why some of the countries still avoid BTC. It is a safety measure or precaution
you are right. basically very many countries that do not understand about bitcoin. they just think about the evils that would occur if the receiving bitcoin. but, they do not see the possibility of that happening that bitcoin could save the financial condition of a country. |
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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n0ne
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March 04, 2017, 06:56:04 AM |
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Many countries even do not understand the basic of bitcoin. So they avoid it. In my place I have seen that people invest in new thing, as they are greedy, without knowing the business. What if a gropu of people start to promote hoax and sell btc at $2k per coin in a place where people have zero idea about btc. Some of the people will buy btc and what later ? They will face a great crisis. That is a real reason why some of the countries still avoid BTC. It is a safety measure or precaution
you are right. basically very many countries that do not understand about bitcoin. they just think about the evils that would occur if the receiving bitcoin. but, they do not see the possibility of that happening that bitcoin could save the financial condition of a country. Several bitcoin enthusiasts have put forth statement that the country to adopt bitcoin is to experience a big economic growth through the fintech. These days most countries have got a fintech hub based on the growth in economy. Only few countries have banned bitcoin but now they too have been planning to take off the ban experiencing it's potential. |
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Gembul
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March 04, 2017, 06:56:49 AM |
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Many countries even do not understand the basic of bitcoin. So they avoid it. In my place I have seen that people invest in new thing, as they are greedy, without knowing the business. What if a gropu of people start to promote hoax and sell btc at $2k per coin in a place where people have zero idea about btc. Some of the people will buy btc and what later ? They will face a great crisis. That is a real reason why some of the countries still avoid BTC. It is a safety measure or precaution
you are right. basically very many countries that do not understand about bitcoin. they just think about the evils that would occur if the receiving bitcoin. but, they do not see the possibility of that happening that bitcoin could save the financial condition of a country. I think a country will know all things related to bitcoin. Both the gain or loss of legalizing bitcoin in their country. I think that a country does not accept bitcoin because they think the risk of a bitcoin is greater than the benefits. Thus, they decided not to accept bitcoin, especially for countries that have not developed. Bitcoin could cause corruption or other clutter. Thank you |
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Theb
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March 04, 2017, 07:38:25 AM |
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Many countries even do not understand the basic of bitcoin. So they avoid it. In my place I have seen that people invest in new thing, as they are greedy, without knowing the business. What if a gropu of people start to promote hoax and sell btc at $2k per coin in a place where people have zero idea about btc. Some of the people will buy btc and what later ? They will face a great crisis. That is a real reason why some of the countries still avoid BTC. It is a safety measure or precaution
you are right. basically very many countries that do not understand about bitcoin. they just think about the evils that would occur if the receiving bitcoin. but, they do not see the possibility of that happening that bitcoin could save the financial condition of a country. I think a country will know all things related to bitcoin. Both the gain or loss of legalizing bitcoin in their country. I think that a country does not accept bitcoin because they think the risk of a bitcoin is greater than the benefits. Thus, they decided not to accept bitcoin, especially for countries that have not developed. Bitcoin could cause corruption or other clutter. Thank you And if you think of it this way, most of the countries who banned Bitcoin in their country are developed countries China and Russia to name a few. Both of which are powerful countries and I guess they know what Bitcoin can do if supported by the government. Many things such as money laundering and also Holding of the cryptocurrency all of which will create an imbalance to their economy, it is better safe then sorry. |
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Wowcoin
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March 04, 2017, 07:39:03 AM |
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Maybe all countries are have some used it but they don't want to spread it because some government ban bitcoin in their country thats why some countries not support it. They don't like cryptocurrency in their country thats why didn't support it.
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Sled
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March 04, 2017, 11:38:15 AM |
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Bitcoin is not supported in some countries because:
*They think bitcoin is illegal
*Abused by criminals
*Can't help their economy
*Can reduce their profits in banks
*They can't control it
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betlord90
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March 04, 2017, 12:03:40 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 i read it too maybe they don't like bitcoin in their country thats why they don't like to support bitcoin. Bitcoin is very nice one you can earn an extra income and its a big help too to my parents. So maybe those countries not support bitcoin they regret later. |
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tetrisbattle
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Activity: 42
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March 04, 2017, 12:23:05 PM |
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economy problem causes because of few of the country does not accept btc and may some of the illegal activity will cause
so their government block btc in their country
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fikihafana
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March 04, 2017, 12:28:07 PM |
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Many country not support bitcoin because several reason related with illegal activity(terorism,drugs,money loundry,etc), and security issue
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klf
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Activity: 1344
Merit: 1000
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March 04, 2017, 12:42:44 PM |
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economy problem causes because of few of the country does not accept btc and may some of the illegal activity will cause
so their government block btc in their country
All governments want to track the all transactions whether it is legal or illegal money. As long as they can't track those transactions then surely most of them don't allow it. As of now, bitcoins are more popular in the gambling industry and porn because people wants to hide their identity. Because of these non-traceable issues, governments are not accepting it. |
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BeGoods
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Activity: 1372
Merit: 1008
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March 04, 2017, 01:22:24 PM |
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These countries don't accept the Bitcoin because of the rules they have in that country.
But I think that these countries will eventually support the Bitcoin because many other countries accept it. And maybe they have to see how good the Bitcoin is to change their mind
for bitcoin is decentralized and can not be controlled by the government, then bitcoin will never be profitable for the government and during that bitcoin will never legalized by any country |
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cokkapaga
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Activity: 867
Merit: 1000
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March 04, 2017, 01:34:13 PM |
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yes I agree that bitcoin can't be controlled by the goverment, so they are not support yet in some country
but I heard that Japan is already accept and support bitcoin in their countries.
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Pettuh4
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March 04, 2017, 01:44:40 PM |
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yes I agree that bitcoin can't be controlled by the goverment, so they are not support yet in some country
but I heard that Japan is already accept and support bitcoin in their countries.
Yes Japan had given it the green light and the others will follow suite, it's a matter of evolution by the respective governments amongst which some are yet to consider making a decision so it's definitely bound to happen but it isn't yet and we look forward to it being globally accepted after solving the minor problems that it seems to have engulfed Bitcoin transactions. |
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Zadicar
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Activity: 1330
Merit: 1020
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March 04, 2017, 01:55:25 PM |
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yes I agree that bitcoin can't be controlled by the goverment, so they are not support yet in some country
but I heard that Japan is already accept and support bitcoin in their countries.
Well there are still countries do still believe on bitcoins usefulness and its advantages but most of them do really prohibit it because of its decentralized feature which means they cant able to control it. This is the thing why adoption is slowed down. |
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bravehearth0319
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March 04, 2017, 07:26:54 PM |
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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
Meaning, they are afraid of what bitcoin can do to their country? Maybe in terms of using bitcoin in illegal activities like what you had mentioned. That would depend I think for the people who will use bitcoin. |
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horace08122
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March 04, 2017, 08:23:05 PM |
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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
Meaning, they are afraid of what bitcoin can do to their country? Maybe in terms of using bitcoin in illegal activities like what you had mentioned. That would depend I think for the people who will use bitcoin. This question is very difficult, but I want to say that in the planning of the crime, Law enforcement agencies rarely trace the money. They seize upon. Effective for the illegal product information or other activities. But if such actions are connected with bitcoin, it is not good for the world and it will not save. |
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bncbnc
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March 04, 2017, 11:13:49 PM
Last edit: March 05, 2017, 01:35:22 AM by bncbnc |
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yes I agree that bitcoin can't be controlled by the goverment, so they are not support yet in some country
but I heard that Japan is already accept and support bitcoin in their countries.
but i think the main reason can be that bitcoin is yet not so much introduce in some countries and that is why people there do not accept bitcoin. i think if they are properly introduce then they will certainly accept bitcoin and will also use bitcoin for trading and investment. |
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agamasrori
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March 05, 2017, 04:38:42 AM |
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yes I agree that bitcoin can't be controlled by the goverment, so they are not support yet in some country
but I heard that Japan is already accept and support bitcoin in their countries.
but i think the main reason can be that bitcoin is yet not so much introduce in some countries and that is why people there do not accept bitcoin. i think if they are properly introduce then they will certainly accept bitcoin and will also use bitcoin for trading and investment. some developed countries already regulates the use of bitcoin. maybe you're right, it could be because some countries do not know about bitcoin and do not know yet how to use bitcoin to progress their economic growth. and maybe they just do not like something that they can not control. |
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doomistake
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March 05, 2017, 06:21:12 AM |
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These countries don't accept the Bitcoin because of the rules they have in that country.
But I think that these countries will eventually support the Bitcoin because many other countries accept it. And maybe they have to see how good the Bitcoin is to change their mind
for bitcoin is decentralized and can not be controlled by the government, then bitcoin will never be profitable for the government and during that bitcoin will never legalized by any country It is true that the Government can't make any profits from bitcoin and can't even put a tax on it because it is decentralized, but this doesn't mean that the Government will declare that the bitcoin is illegal, in some countries yes it is illegal, like Russia, Iceland, and so on, but not in all countries. Because here in our country, bitcoin is legal, but the Government is not accepting it yet as a payment on every transaction that we will have on our everyday living. |
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Mario274
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March 05, 2017, 08:30:46 PM |
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yes I agree that bitcoin can't be controlled by the goverment, so they are not support yet in some country
but I heard that Japan is already accept and support bitcoin in their countries.
but i think the main reason can be that bitcoin is yet not so much introduce in some countries and that is why people there do not accept bitcoin. i think if they are properly introduce then they will certainly accept bitcoin and will also use bitcoin for trading and investment. some developed countries already regulates the use of bitcoin. maybe you're right, it could be because some countries do not know about bitcoin and do not know yet how to use bitcoin to progress their economic growth. and maybe they just do not like something that they can not control. Most likely, they do not like Bitcoin because of the anonymity and decentralization. In addition, many poor countries do not use Bitcoin on the grounds that it would lead to the collapse of the economic system |
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