The legalization of bitcoin.

[orka39]

Every country has their own law and so is the case with Bitcoin . Few countries have legalised it while some are I. Process of how to bring this under purview so that it can be monitored and legalised as well. How does it benefit economy and citizens of the country is also what government takes into consideration .

Yes, the country has the control about their law about this.
So we can not do something that out of the law of every country. Anyway, i support legalized bitcoin but not control it.

[rickadone]

Of course, governments will try to outlaw bitcoin at the beginning, the they'll find a way to control them.
In europe they're talking about a general database of bitcoin addresses...

Lol, then I am trying to think, how do they want to even achieve that in Europe ? I have liked multiple addresses and even within a single wallet, I can change my address easily.

Hence I wonder, except they want to have access to your account or get to have your private key, or probably open an exchange and force everyone to be using it so they can trace what they have, there is just no way it would be that easy to get such a database. I may be wrong though.

[todiefor17]

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 if you want to legalize Bitcoin then we should not just create a group, we should link our members in different countries to make a big team, Link to the local or city government level, convince them in the ways we set out during group formation.

[alexsandria]

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?

Yep. I also want bitcoin to be legalize because in our country bitcoin was very helpful in a sense that many people now are started to earn eventhough they doesn't have any jobs. If bitcoin will be somehow legalize it may affecr all the people or the users today. And many of them will actually become rich and started to earn.

[Viscera]

Every country needs to legalize bitcoin in a proper way! Yes we all know traditional banks hate bitcoin. but we must ready for the rule coz they want to control the economy, and bitcoin will help us to maintain our stability

[soname12]

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?

There are many countries trying to legalize bitcoin and altcoin in their countries, many of which have successfully legalized bureaucracy, but many countries are trying to ban it.

[BitSat]

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?

There are many countries trying to legalize bitcoin and altcoin in their countries, many of which have successfully legalized bureaucracy, but many countries are trying to ban it.

The Most of countries trying to ban are developing as they don't want to give good benefit to peoples and want to control them by power and dictatorship which is not good but working but countries allowing this are giving good benefit to peoples and they are working hard for this and many are bringing new technology for help of humanity 

[futile-resistance]

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.

Even if you are the government, won't you want to get a benefit or a cut as the case may be from every transaction as long as you are converting to fiat. That makes fiat to still be very usable and most government would definitely tax that since they see it as capital gains. Nevertheless, legalizing or not, some have silently done that cause if they did not, then they would not have placed it under tax laws.

[Emitdama]

Of course, governments will try to outlaw bitcoin at the beginning, the they'll find a way to control them.
In europe they're talking about a general database of bitcoin addresses...

It could be hard for that certain plan because i believe the community wont let it to happen.  This is one reason also why some countries are banning bitcoin. Bitcoin investment is a really a big money, and making it legalized it could add interest to the government for taking it controlled.

No, bitcoin in itself cannot be easily controlled. I can decide to make transactions directly with you now without going through an exchange and get whatever I need. Imagine bitcoin becoming a well-used currency, it would be a crazy one for the government to start tagging down on tax and that is the main reason fiats will still be in the system, knowing that at a point, someone will need to cash out.

I am sure a lot must have been thought about anyway on how to implement some of these things, but legalization itself will create awareness, will not remove the decentralization properties and will only laws surrounding it will only be effective when converting to fiat.

[zhanyiguai261315]

In many parts of the world, the establishment of bitcoin is very important and without legalization, many people can't trust the virtual currency in the blockchain system. Therefore, legalization is a key problem in today's currency, such as Japan has approved it, South Korea will also accept the currency as legal currency, so the legal globalization is that the currency must be the trend

[Coinsher]

This would be the best thing to happen in Bitcoin.I mean,if government recognized and legalized it,there would so many changes to happen here in the forum especially in making accounts because it needed to verify and determined the identification of the user.And it can help to eliminate spammers and hackers or those who are trying to ruin the forum.And lastly and the most good effect of having legalized Bitcoin is,it can help and give hope to those who are jobless now.

[sunnex100]

This idea sounds interesting but there is no island in any part of the world that is not owned or controlled by a government. Creating an independent republic in a bid to make Bitcoin it official currency is not the best way to sell the idea of legalising the cryptocurrency. First we need to continue to spread the bitcoin message as true ambassadors and continue to advocate for its wide acceptance. With time, governments and corporations will be forced to adopt it as a legal tender.

[Lupus Solitarius]

I'm afraid that legalization will mean the creation of a "government coin", full centralized, and trying to convince the population that it's a "legal" bitcoin. Btw, I'm very curious to see how they'll try to control the blockchain.

[Pintasak]

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?

The legalization of bitcoin this time is highly expected by the enterpreneurs.It is very good and profitable  for varios parties.logically the reason is valid but depends on the government

[luckybegum3907]

As a really volatile coin, prices would rise and fall almost daily, as globalization made almost every single product international. Living on the island would be a really terrible experience, or just plainly impossible.  That's just I can not understand why so strong a desire to lose all of their virtues that give Bitcoin. You understand that the anonymity of Bitcoin and its users makes it possible to avoid paying taxes.  It would also be the way to hard to organize with people from different countries who might not even speak whatever language you speak. The idea seems very similar to a bitcoin paradise. When they do make sacrifices it is not enough to allow people to freely trade their bitcoins for fiat currencies and vice versa, labeling the change useless. There are certain countries though that were able to come to a decision, for example, Japan and Australia are two prime examples that every other country in the world should follow. They made real changes that have a real impact on bitcoin users in their country.

[UzumakiSakuragi]

In my country there are some who already using bitcoint .but there are stil many argument whether it is safe or not,but total legalization is still un resolved..

[kolbalish]

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 also think of established that idea.It will really great for those person who are really want to know about Bitcoin and other currency as well as.By establishing this,there will be come a revolutionary change in all state.

[Wilfrer]

This is not fair. It will make this society a feudal society, the landlords come to power, the rich will occupy all parts of the island and they will oppress the poor. That's not the nature of Bitcoin so it should not be applied. I do not like this

[lostdraw]

Do you think that idea is gonna be succesfull ever?? huh? everyone would join it for land wothout any of your net income LOL

[Benabod]

Can't wait till it's legalized worldwide