Do America and England follow bitcoin?

[coin revolution]

It is said that strong states in cyberspace such as the USA and England are following the bitcoin. Is this true?

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[franky1]

It is said that strong states in cyberspace such as the USA and England are following the bitcoin. Is this true?

yep
as for user adoption.. UK and US are the power houses.
..developing countries are well behind and struggling due to things like tx fee's pricing them out of seeing utility in it (a tx fee can be a couple hours labour in some developing countries)

as for mining.. asia and europe are are power houses.
..western countries just cant afford the cheap manufacturing of asics or the cheap labour and cheap electric to beat the east

as for services, merchants.. US, canada and europe are the power houses.
.. again eastern/southern countries cant afford the utility of buying things with it due to fee's

[jak3]

yup thats true i have even heared that thier shops accepts bitcoin as payments well i never tried it but i think they does, we can easily find oiut some yourtube  videos realated to this

[Ayers]

yes in fact usa and england have a very strong regulation about bitcoin, they are way ahead in comparison to other country, where bitcoin is not regulated at all, i know that in america you need to pay taxs if you buy stuff with bitcoin without even dumping to fiat, they have strict rule on your account on coinbase and follow all your movements

[calkob]

I live in the UK and whilst we may be a power house when it comes to bitcoin, it is still a fringe technology which the average person has either never heard of or knows very little about. 

Abit concerned about what franky says regarding African countries not being able to use bitcoin due to TX fees, to day i went to sweep a paper wallet and was shocked that it was costing 0.84 pence compared to 0.08p 2 months ago.  so i can understand their predicament. 

[franky1]

I live in the UK and whilst we may be a power house when it comes to bitcoin, it is still a fringe technology which the average person has either never heard of or knows very little about.  

Abit concerned about what franky says regarding African countries not being able to use bitcoin due to TX fees, to day i went to sweep a paper wallet and was shocked that it was costing 0.84 pence compared to 0.08p 2 months ago.  so i can understand their predicament.  

yep
4pence UK is an hours labour in Cuba.
84pence UK is 21 hours labour in Cuba.

so while bigname developers in america pretend that while getting $1m a year from blockstream $480 an hour. they have lost sight that $0.75 is alot. they see it as less than 1second of labour.
so while volunteer in america pretend that while getting $7.50 a hour from their day jobs. they have lost sight that $0.75 is alot. they see it as less than 6 minutes of labour. they even down play it that bitcoin is 'normally' 8cents which is about 30seconds of labour.

they cant see the big international picture

[dothebeats]

America and England? Yes, adoption-wise and on user base. American people seem to be knowledgeable enough of bitcoin since they were able to see the news every now and then whenever there is some big changes/events/news for bitcoin. Also, as for the part of England, regulations exist dictating that their citizens and also their government are aware of what's happening with bitcoin and what is it really.

[posternat]

yes in fact usa and england have a very strong regulation about bitcoin, they are way ahead in comparison to other country, where bitcoin is not regulated at all, i know that in america you need to pay taxs if you buy stuff with bitcoin without even dumping to fiat, they have strict rule on your account on coinbase and follow all your movements

America and England are the one of the best countries of the world where bitcoin is widely accepted. China is of course another one. Although coinbase will track the movement in these countries, but then why should we use Coinbase or other online wallet. Use a desktop wallet and be save always

[virasog]

yes in fact usa and england have a very strong regulation about bitcoin, they are way ahead in comparison to other country, where bitcoin is not regulated at all, i know that in america you need to pay taxs if you buy stuff with bitcoin without even dumping to fiat, they have strict rule on your account on coinbase and follow all your movements

America and England are the one of the best countries of the world where bitcoin is widely accepted. China is of course another one. Although coinbase will track the movement in these countries, but then why should we use Coinbase or other online wallet. Use a desktop wallet and be save always

The point here is not bitcoin wallet online or offline. The fact is that if the govt. regulates the bitcoins and track it, then you cant withdraw it to local currencies.  Whenever you transfer your coins from wallet to local currency, the govt regulation and tracking come into place.

[Yakamoto]

It is said that strong states in cyberspace such as the USA and England are following the bitcoin. Is this true?

Chances are there is a strong following in the US and England for Bitcoin, but it likely has a lot less money moving through it in those markets than places like China or whatever.

I'm in Canada so I can't say anything specific, but there is also a decent following for the population size up here, so there is a decent chance that everywhere else has similar proportions relative to population size.

[ibuddy122505]

Yes,both of countries that you have mentioned above known as a strong state for bitcoin.Bitcoin activities such of this state and maintain fully legal ways also Its concerned that while not only US-based exchanges are regulated but also so more service are operated,most of shops accepted bitcoin as a payment system.

[franky1]

China or whatever.

can people stop thinking china is a power house

lets simplify it

eastern exchanges: 1 person  moving 12.5btc day-trading every 30 seconds = 36,000btc "trade volume" but only 12.5btc holding
vs
western exchanges: 100 people each moving 0.01btc daytrading ever 30 seconds = 2,880btc "trade volume" but only 100x 0.01btc holding (btc)

ok.. keep that concept in mind.

now imagine out of the coins created by pools 1800btc.. where the top 6 eastern pools (50%) only put 10% in public markets (6 people 90btc combined)
imagine westerners 10btc make it to public markets and are handled by 1000 people with 0.01each (1000 people 10btc combined)

eastern: 90btc moving every 30 seconds= 259,200btc volume but only 1.5btc per person with only 6 people
vs
western: 10btc moving every 30 seconds= 28,800btc volume but only 0.01btc per person with 1000 people


so i done it twice because people think small numbers of first example is not representative of reality.. so second example is larger numbers..
but the point is volume does NOT = more users/better adoption/ more popularity / whole country involvement.

[BingoDog]

I think that both USA and UK have many bitcoin users and adopters. As far as I know there are no some governments restrictions for using bitcoins and there are also some developed bitcoin businesses. Maybe some states within USA have some specific policies but in general I beleive there are no special obstacles for bitcoiners.

[ImHash]

Mods are trashing threads without any notice!

[LifeLine]

i dont say about america or u.k because iam from asia and i think in europe it is more popular than here in asia the people of asia don't know about it much

[Pattberry]

It is said that strong states in cyberspace such as the USA and England are following the bitcoin. Is this true?

yep
as for user adoption.. UK and US are the power houses.
..developing countries are well behind and struggling due to things like tx fee's pricing them out of seeing utility in it (a tx fee can be a couple hours labour in some developing countries)

as for mining.. asia and europe are are power houses.
..western countries just cant afford the cheap manufacturing of asics or the cheap labour and cheap electric to beat the east

as for services, merchants.. US, canada and europe are the power houses.
.. again eastern/southern countries cant afford the utility of buying things with it due to fee's

what kind of transaction fees are you talking about.Is transaction fees such a big issue now a days.It might be an issue years down the lane but not right now as you can send your coins with minimal transaction fees but the amount of time it would take to get the transaction through is really huge as it is taking hours to confirm the transaction.

[The Sceptical Chymist]

as for user adoption.. UK and US are the power houses.

Really, the US?  I thought China ruled above all as far as that goes.  It doesn't seem like the US has really adopted bitcoin at all.  And I say that because I live in the US and I know of no place around me that takes bitcoin.  And I don't know many other users in real life.  You're very knowledgeable, so I shall take your word for that.  Didn't think England was anywhere near 'Powerhouse' status, but I profess ignorance in many things bitcoin.

[Ewinsane]

yes American and England their people follow the bitcoin and they using bitcoin in a hue amount because bitcoin is very much popular and profitable currency and bitcoin online transaction is very good than other service and there many different countries following the bitcoin .

[bitbob82]

Yes,both of countries that you have mentioned above known as a strong state for bitcoin.Bitcoin activities such of this state and maintain fully legal ways also Its concerned that while not only US-based exchanges are regulated but also so more service are operated,most of shops accepted bitcoin as a payment system.

yes that is a fact that the users of bitcoin are available in England and America, i think you will find the users of bitcoin everywhere i the world. people have now started bitcoin as currency.

[Slark]

can people stop thinking china is a power house

-snip-

I agree with your reasoning that China might not be as great as many would thing. But despite all your calculations it is Chinese traders who dictate the price.
AFAIK every major pump which brought price of BTC above $1000 threshold (in late 2013 and in December 2016) was originated and sustained by Chinese traders.
It is still safe to assume that China is behind the price of BTC, and price is the most crucial factor here - no one will tell me otherwise.