The legalization of bitcoin.

[acener]

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

Somehow, I don't want bitcoin to be legalized. The problem will be the government. I'm sure that they will implement tax on bitcoin if it were to be legalized. So, the problem is a lot of bitcoin will go to the government and not to the users anymore.

[1714924810]

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[yanlap]

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

I think it's about time that they make bitcoin legal. I mean there is nothing wrong with bitcoin. Even some of the countries like Japan have already legalized and implemented it. So, I don't see anything wrong in using bitcoin.

Good to hear that, this will cause a good images of bitcoin and become popular in the future. Bitcoin is very beneficial on user cause it gives an opportunity in earning money using this, just like what happen in some countries (australia, japan, south korea and etc.) that their economy was already accepting the bitcoin due to the profits and income by the country.

That is coreect, bitcoin has helped a lot of economies like you mentioned without a legal backing whatsoever and so we don't necessarily need  any legalization for it to become effective in our day to day lives.

You are saying the fact mate. Legalization of the bitcoin is the dream of the all the bitcoin user because now the bitcoin is being the legal currency and the it is increasing the value and the importance of the bitcoin so buy the bitcoin for the best of the future so as much as the people will hold the bitcoin it will get more and more famous and the future of the bitcoin user will be bright if the bitcoin will become the world best currency.

[bebtc]

According to a recent report, IT ministry officials, Finance ministry officials, Reserve Bank officials, and NITI Aayog officials committee will legalize the virtual currencies in India soon.

The Government of India is finally thinking over the Bitcoin and other cryptocurrencies as these digital currencies are gaining popularity in the financial market and becoming a hyper-growth investment.

[lepricoin]

but do we need legalization in general? this is why it was invented to ensure decentralization and anonymity in managing your finances. I think this policy can lead to a slowdown in the development of bitcoin.

[setupbounds]

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

I don't think that will help as easy as we are depicting it here. I mean just imagine about the whole procedure for acquiring those islands. You will first need the government evaluation of the property and put some extra efforts in acquiring it first. How would you tendor that much money in first place and also why anyone would want to contribute to that piece if you don't have the legal possession in first place. What I mean is, you will have to purchase it from the government first and then you can do the further business the way you want it. But you will be taxed double, once for buying and second for selling. Lolz. That would be costly affair and dint know how everyone will react upon it.

It’s true that bitcoin is already legal in some countries if it can work in some countries its transition are also easy in use so if transition are going to take place and its also easy in use so its mean its already legal because now a days it’s a very strong intelligence of the countries and how it’s possible that it can work so easily.

[eshkikay]

That's off the chart idea. You can't just hold any island out there as all of them will be ruled by next government present nearest to that land. For example if it is in western Pacific Ocean then it is most probably under the rules of USA while the islands in the eastern Pacific Ocean would be under the territory of India. So you go anywhere in the world you will have to face the legislation first to acquire that particular island. It is good idea but bitcoin is not that powerful to get you island as government should accept that particular currency that is bitcoin to let you buy it. It seems to be complex idea and may not be possible at this point.

Bitcoin legalization or adoption in these countries has been seen as a triumph for the digital asset it may say less about the potential so far opinion on bitcoin and other digital currencies tends to vary from country to country while some are considering various forms or legalization others are either denying it existense or looking for ways to crack down on the coin the most recent positive case is the Philippines which is reportedly preparing the legalization of Bitcoin through regulation

[Theb]

You are basically saying that you are creating your own government in a piece of land. From what I know your proposal seems to be far from happening as everybody is now a citizen of their respective countries, and yes there are thousands of islands yet to be explored out there how can you build your own functioning government out there with no internet and worst of all no means of having a sustainable life? You must have think it through before you have posted such question. Even legality of Bitcoin seems to be not an issue anymore.

[Budugbass]

Anyhow however.. it's not easy to do, if we're just the ordinary people who are still dependent on government regulations.
I myself haven't been able to thinking that far to makes such an effort, still unreachable to my mind personally. And I think it seems like if it really intends to doing that, it would be really takes a very hard effort.

[gunungkembar]

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

I agree with your idea, but the endorsement can only be done by the government and the result of deliberation from government banks and bitcoin representatives in the country, new bitcoin can be legalkan.

[BossMacko]

Its very complicated, some or most government are against Bitcoin and in order for your idea to succeed we need the help and support of the government but because government are not very helpful unless they get a cut from the blockchain transaction then this idea will surely just an imagination.

[darklus123]

but do we need legalization in general? this is why it was invented to ensure decentralization and anonymity in managing your finances. I think this policy can lead to a slowdown in the development of bitcoin.

There is a bad and good side of legalizing Bitcoin. The negative effect will justify your statement. It can only lead to Bitcoin being centralized because of the government's control. The positive side is that it may also lead Bitcoin into a much stable economy. In which the bitcoin users can decide whether they will be supporting it or not and should accept the outcome.

[Majharul Saiif]

Bitcoin is a popular issue in the world.It become popular day by day.It is the mother of all crypto currency. I think,it is very needed to legalize Bitcoin as a currency in thehe whole world.It isn't harmful things.Everyone can change his life by working in this forum.

[betMaster]

I don't think this is a grate idea because it contradicts bitcoin's ideology and concept on which it was based on . Bitcoin shouldn't be linked to any state , government , land or party . It should only be defined by people and  for people to be completely free from any controlling organisms . In addition setting a plan like this means you'll need equipment and regimen for that , even an army to protect it ! And you can't just acquire all of that with bitcoin only  .

[Kemarit]

Its very complicated, some or most government are against Bitcoin and in order for your idea to succeed we need the help and support of the government but because government are not very helpful unless they get a cut from the blockchain transaction then this idea will surely just an imagination.

Its really very complicated indeed. It was designed to be de-centralized in the first place and having some control over it will violates what it is it intended. Maybe the best that the government can do is to put regulations around bitcoin. One benefits of putting regulations is for tax purposes. So we need to have like a consensus in the middle. However, those government who are against it want's total ban. While friendlies still stay on the side of regulations. So it's not easy as it looks from the outside. So my conclusion, is that governments will be having a hard time really accepting bitcoin. Their Central Banks will resists such adoption because they perceived bitcoin as a threat.

[yanlap]

Bitcoin is a popular issue in the world.It become popular day by day.It is the mother of all crypto currency. I think,it is very needed to legalize Bitcoin as a currency in thehe whole world.It isn't harmful things.Everyone can change his life by working in this forum.

It is increasing in values and price because now bitcoin demand is very high and people are getting into bitcoin. I am happy because it is going to become legal currency and will increase value more high I am saving money with bitcoin and tell all my friends about bitcoin to increase more and save money for our future as well. Bitcoin is famous for high rates and till now it has increased price more than double.

[kriptotr]

Bitcoin is a popular issue in the world.It become popular day by day.It is the mother of all crypto currency. I think,it is very needed to legalize Bitcoin as a currency in thehe whole world.It isn't harmful things.Everyone can change his life by working in this forum.

It is increasing in values and price because now bitcoin demand is very high and people are getting into bitcoin. I am happy because it is going to become legal currency and will increase value more high I am saving money with bitcoin and tell all my friends about bitcoin to increase more and save money for our future as well. Bitcoin is famous for high rates and till now it has increased price more than double.

The legalization still takes place. In some assian countries, the regulation is very rigid against bitcoin. In europe too, it's still in the gray zone of the world economy. The near time legalization looks away.

[rancidgash]

Bitcoin is a popular issue in the world.It become popular day by day.It is the mother of all crypto currency. I think,it is very needed to legalize Bitcoin as a currency in thehe whole world.It isn't harmful things.Everyone can change his life by working in this forum.

It is increasing in values and price because now bitcoin demand is very high and people are getting into bitcoin. I am happy because it is going to become legal currency and will increase value more high I am saving money with bitcoin and tell all my friends about bitcoin to increase more and save money for our future as well. Bitcoin is famous for high rates and till now it has increased price more than double.

The legalization still takes place. In some assian countries, the regulation is very rigid against bitcoin. In europe too, it's still in the gray zone of the world economy. The near time legalization looks away.

The current Bitcoin adaptation phase involves all major economies, including the United States, Japan, South Korea and Russia. Vladimir Putin announced that the Bitcoin regulatory frameworks and the crypto-points will be launched in the future

[screwUdriver]

Bitcoin is a popular issue in the world.It become popular day by day.It is the mother of all crypto currency. I think,it is very needed to legalize Bitcoin as a currency in thehe whole world.It isn't harmful things.Everyone can change his life by working in this forum.

It is increasing in values and price because now bitcoin demand is very high and people are getting into bitcoin. I am happy because it is going to become legal currency and will increase value more high I am saving money with bitcoin and tell all my friends about bitcoin to increase more and save money for our future as well. Bitcoin is famous for high rates and till now it has increased price more than double.

The legalization still takes place. In some assian countries, the regulation is very rigid against bitcoin. In europe too, it's still in the gray zone of the world economy. The near time legalization looks away.

The current Bitcoin adaptation phase involves all major economies, including the United States, Japan, South Korea and Russia. Vladimir Putin announced that the Bitcoin regulatory frameworks and the crypto-points will be launched in the future

Other governments have legalized Bitcon. It is becoming increasingly difficult for any government simply to reject and prevent the provision of regulatory frameworks for crypto-wave for businesses and investors.

[sampalokmix]

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

Actually, we do not have to isolate ourselves by making or creating an initiative group for the legalization of bitcoin because bitcoin itself was already attractive meaning with the rise of its popularity and demands, bitcoin itself is making itself turn into legalization since people know what benefits bitcoin can already make for them. Different states or country do already have a certain currency what just needed is to adapt and make way for the entry of the new type of currency and make it legal for massive usage.

[altcointalk14]

Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

I don't think that will help as easy as we are depicting it here. I mean just imagine about the whole procedure for acquiring those islands. You will first need the government evaluation of the property and put some extra efforts in acquiring it first. How would you tendor that much money in first place and also why anyone would want to contribute to that piece if you don't have the legal possession in first place. What I mean is, you will have to purchase it from the government first and then you can do the further business the way you want it. But you will be taxed double, once for buying and second for selling. Lolz. That would be costly affair and dint know how everyone will react upon it.

It’s true that bitcoin is already legal in some countries if it can work in some countries its transition are also easy in use so if transition are going to take place and its also easy in use so its mean its already legal because now a days it’s a very strong intelligence of the countries and how it’s possible that it can work so easily.

It is not possible to forbid Bitcoin in the current phase, as this would lead to the separation of the government or the economy from the Bitcoin world market . Therefore, in the long run, governments and states are likely to regulate their Bitcoin markets.