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Author Topic: Any accounts of bitcoin in Japan?  (Read 1382 times)
Eebertay
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May 04, 2017, 03:52:35 PM
 #1

Bitcoin and crypto currency is slowly starting to buzz in mainstream US news, it isnt big yet but i noticed a few publications focusing on it now.

Was wondering if there was anyone in japan that could give us some idea if the "bitcoin hype" is real? Also, if so have you purchased anything with bitcoin?

Really curious


Edit below this ................

Found a youtube video, anyone have others?

https://m.youtube.com/watch?v=qbNG66nQdqA


Chinese girl visits japan shortly after japan recognizes bitcoin

https://m.youtube.com/watch?v=FfJG6iVeRfI
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May 04, 2017, 05:41:38 PM
 #2

Not from Japan but got lots of friends there. What do you mean by "Bitcoin hype"?
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May 04, 2017, 05:47:13 PM
 #3

Bitcoin and crypto currency is slowly starting to buzz in mainstream US news, it isnt big yet but i noticed a few publications focusing on it now.

Was wondering if there was anyone in japan that could give us some idea if the "bitcoin hype" is real? Also, if so have you purchased anything with bitcoin?

Really curious

What "bitcoin hype" bitcoin has been flourishing before Japan came into the scene. It just put bitcoin into another level when Japan rode the bitcoin evolution. Well you have a good question, I will asked my friends who are in Japan to see the clearer picture on what Japan looks like in terms of its craziness about bitcoin technology.

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May 04, 2017, 06:04:17 PM
 #4

Are you kidding, the Bitcoin hype in Japan has been BUZZING! In fact, many are saying that activity from Japan is what's driving the current run up in price.


Japan's Finance Ministry just announced regulations around Bitcoin


Japan is far ahead of the US in terms of mainstream adoption of Bitcoin.

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May 04, 2017, 06:23:13 PM
 #5

Bitcoin and crypto currency is slowly starting to buzz in mainstream US news, it isnt big yet but i noticed a few publications focusing on it now.

Was wondering if there was anyone in japan that could give us some idea if the "bitcoin hype" is real? Also, if so have you purchased anything with bitcoin?

Really curious
->Japan is way ahead of any other country in practical use of bitcoins.
->They've malls in japan with automated vending machines which accept bitcoins to provide variety of goods for kids as well adults.
->They have functioning bitcoin ATM's and real time conversion machines.
->Bitcoin hype is way more than you can imagine in Japan.Follow one of your favorite Japanese bitcoin businesses ,you'd know.

 

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May 04, 2017, 07:35:49 PM
 #6

Bitcoin and crypto currency is slowly starting to buzz in mainstream US news, it isnt big yet but i noticed a few publications focusing on it now.

Was wondering if there was anyone in japan that could give us some idea if the "bitcoin hype" is real? Also, if so have you purchased anything with bitcoin?

Really curious
->Japan is way ahead of any other country in practical use of bitcoins.
->They've malls in japan with automated vending machines which accept bitcoins to provide variety of goods for kids as well adults.
->They have functioning bitcoin ATM's and real time conversion machines.
->Bitcoin hype is way more than you can imagine in Japan.Follow one of your favorite Japanese bitcoin businesses ,you'd know.

Definitely this is something I hope to find when I go to shoping. Unhappily in my country (Brazil) this will take a while to happen. I probably move to another country before I see something like that here.

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May 04, 2017, 07:40:29 PM
 #7

Bitcoin and crypto currency is slowly starting to buzz in mainstream US news, it isnt big yet but i noticed a few publications focusing on it now.

Was wondering if there was anyone in japan that could give us some idea if the "bitcoin hype" is real? Also, if so have you purchased anything with bitcoin?

Really curious
->Japan is way ahead of any other country in practical use of bitcoins.
->They've malls in japan with automated vending machines which accept bitcoins to provide variety of goods for kids as well adults.
->They have functioning bitcoin ATM's and real time conversion machines.
->Bitcoin hype is way more than you can imagine in Japan.Follow one of your favorite Japanese bitcoin businesses ,you'd know.
Sounds like an exaggeration.  Bitcoin still represents a tiny, tiny amount of actual money in Japan and around the world.

Japan is quite a technology-centered country and Bitcoin is on its way, but it'll take a long time before real adoption is happening.

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May 04, 2017, 08:37:31 PM
 #8

Bitcoin and crypto currency is slowly starting to buzz in mainstream US news, it isnt big yet but i noticed a few publications focusing on it now.

Was wondering if there was anyone in japan that could give us some idea if the "bitcoin hype" is real? Also, if so have you purchased anything with bitcoin?

Really curious
->Japan is way ahead of any other country in practical use of bitcoins.
->They've malls in japan with automated vending machines which accept bitcoins to provide variety of goods for kids as well adults.
->They have functioning bitcoin ATM's and real time conversion machines.
->Bitcoin hype is way more than you can imagine in Japan.Follow one of your favorite Japanese bitcoin businesses ,you'd know.
Sounds like an exaggeration.  Bitcoin still represents a tiny, tiny amount of actual money in Japan and around the world.

Japan is quite a technology-centered country and Bitcoin is on its way, but it'll take a long time before real adoption is happening.

Japan is perfect at producing electronics, cars, and many other advanced technological products. Since Bitcoin is a revolution in financial technology I am no surprised that Japan is the country which is the most advanced in general real everyday use of bitcoin as a currency(i.e vending machines, atms in big malls). This can only be beneficial to bitcoin in the long term.

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May 05, 2017, 12:04:55 AM
 #9

What is strange is that Japan has a pretty low number of full nodes - currently 81 full nodes in a country with a population of more than 120 million. See bitnodes.21.co. France, for example, has only 50 million people but >450 full nodes.

So maybe the "bitcoin hype" is still only based on speculation there. But I would also like to hear the opinion of a Japanese forum member.

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May 05, 2017, 02:35:31 AM
 #10

Does japan have started any progress about botcoin?

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May 05, 2017, 02:41:31 AM
 #11

Just talked to a friend in Japan. He told me that most commoners still do not know bitcoin, and for those who know, most of them are still skeptical about it... If the price increase was really due to the demand in Japan, it would have been the big institutions buying and not really the mainstream yet.

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May 05, 2017, 02:57:03 AM
 #12

Just talked to a friend in Japan. He told me that most commoners still do not know bitcoin, and for those who know, most of them are still skeptical about it... If the price increase was really due to the demand in Japan, it would have been the big institutions buying and not really the mainstream yet.

but is it true that most of the stores there in japan already accepts btc? because i thought the country already accepts btc as mentioned here in the forum. its really not surprising to see btc price going up but so are the rest of the alts. i'd like to believe its because of japan.

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May 05, 2017, 03:24:14 AM
 #13

Are you kidding, the Bitcoin hype in Japan has been BUZZING! In fact, many are saying that activity from Japan is what's driving the current run up in price.


Japan's Finance Ministry just announced regulations around Bitcoin


Japan is far ahead of the US in terms of mainstream adoption of Bitcoin.
japan always be the first nation who brave enough to make a breakthrough on technology and this time they go for bitcoin , not surprising at all , the only thing make surprised are the effect into bitcoin price globally going this far , and everybody cheering now!

i wish this great trend keep moving forward or at least the current situation can survive for long time enough.

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May 05, 2017, 03:42:02 AM
 #14

Japan has a lot to know about bitcoin and already many possible account bitcoin account in japan.

Whether already know all?
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May 05, 2017, 04:14:15 AM
 #15

Are you kidding, the Bitcoin hype in Japan has been BUZZING! In fact, many are saying that activity from Japan is what's driving the current run up in price.


Japan's Finance Ministry just announced regulations around Bitcoin


Japan is far ahead of the US in terms of mainstream adoption of Bitcoin.
This answers your query OP, japan is a big country and massive adoption coming from them helps the value to rise.
It's not hype without a reason, we can see it in the news..

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May 05, 2017, 04:18:41 AM
 #16

What is strange is that Japan has a pretty low number of full nodes - currently 81 full nodes in a country with a population of more than 120 million. See bitnodes.21.co. France, for example, has only 50 million people but >450 full nodes.

So maybe the "bitcoin hype" is still only based on speculation there. But I would also like to hear the opinion of a Japanese forum member.

i believe that site only shows "reachable" nodes. which means only full nodes that are accepting incoming connections from other nodes. otherwise this site can not find them.
and besides many nodes aren't ran 24/7. many people are running it on their PC and you can't just keep it running all day.

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May 05, 2017, 06:27:02 AM
 #17

Well something is happening, because Japan has reported that they have received several new applications for Bitcoin exchanges. The only reasonable thing that would cause this, is if the use of Bitcoin has increased to necessitate a increase in Bitcoin exchanges.

I have also seen major retailers that has started accepting Bitcoin as a payment option. Japan is showing the world, what can be done, if the governments make the "good" decisions. ^smile^

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May 06, 2017, 12:37:30 AM
 #18

Are you kidding, the Bitcoin hype in Japan has been BUZZING! In fact, many are saying that activity from Japan is what's driving the current run up in price.


Japan's Finance Ministry just announced regulations around Bitcoin


Japan is far ahead of the US in terms of mainstream adoption of Bitcoin.

Being far ahead of the US when it comes to Blockchain and Bitcoin adoption really isn't too insane, I don't think we've really adopted and all and we've done more along the lines of trying to regulate bitcoin rather than accept it. I do understand the governments reason for doing this, as they do want to control the currency within their own government, I don't agree in the least with what they're doing but what can ya do. Though, finding a store to use Bitcoin with in New York is probably going to be one of the craziest things to attempt to do and whenever I mention Bitcoin with friends they only really think of it as that Silk Road drug currency so yeah.

I don't think Japan is doing much, just a lot of hype to get more people to buy and further raise the price of BTC .



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May 06, 2017, 03:55:46 AM
 #19

many chinaman only know the virtual currency is BTC,and don;t know the ETH or other coin
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May 06, 2017, 04:00:29 AM
 #20

many chinaman only know the virtual currency is BTC,and don;t know the ETH or other coin

this is 100% off topic here Smiley
we are talking about bitcoin in Japan and what you said has nothing to do with any of these.

and no they know very well about altcoins and they are a part of pump and dumping the pumpcoins like ethereum.

to OP
someone had a good answer here:
https://bitcointalk.org/index.php?topic=1872311.msg18704853#msg18704853



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