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Author Topic: Why some little country don't accept bitcoin?  (Read 5014 times)
Quesdana
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October 24, 2017, 09:54:00 PM
 #301

Probably because they think that bitcoin is illegal and they are also afraid that it is a scam.

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Kirias
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October 24, 2017, 10:04:42 PM
 #302

In my opinion it's because they don't want another currency that can be threat to their own currency. Perhaps they see it as something "unstable" or as unnecessary risk. We will never know for sure.
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October 25, 2017, 05:38:16 AM
 #303

just confusion why some little country reject bitcoin?


countries that resist bitcoin because they want to take advantage by manipulating. they want to take over bitcoin, they want to become the most bitcoin holders sometime in the future.

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October 25, 2017, 05:54:09 AM
 #304

Some countries don't want bitcoin in their country because it will be a rival between their currency and bitcoin. And maybe it will be the way of people in that particular country to buy anything illegal on Silk Road or Darknet by using bitcoin. Maybe the government wants to secure their country from illegal.

valentine401
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October 25, 2017, 06:13:05 AM
 #305

One of the reasons why bitcoin is not accepted is because it is a treat to their fiat currency and calls it ponzi scheme or a scam but when bitcoin is in a dip they're the ones to buy quick than the rest. And some of this countries are part of the third world and lacks that technology to adapt into digital currency and the population is suffering from starvation and poverty that's they think their fiat money is enough.

In the third world country, Technology is growing solver since they do not have enough budget to use in their productivity. Another thing is poverty, Since some of the country has a low value of currency in their fiat then there is no way they can afford to buy a computer or cellphone to start learning about bitcoins.

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October 25, 2017, 06:15:59 AM
 #306

Many people has no background on what is bitcoin and how to earn bitcoin, but is not a reason to say bitcoin is rejected in a particular country, maybe they don't have enough knowledge on what bitcoin is and what is the use of bitcoin. So, there are limited person  who use bitcoin that is why some people say that bitcoin is rejected by a one country but I think there is no country reject bitcoin.
I do not know why those people dare to criticize bitcoin while they do not give a damn care on what bitcoin is or what the blockchain is. They just ban bitcoin for no reason. I live in a country where the government controls everything and they do not want the citizen to use bitcoin. However, since the number of bitcoin users keep increasing, they are trying to collect tax from bitcoin. This is madness. How can they able to collect tax from something which is super secure and anonymous

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October 25, 2017, 06:49:44 AM
 #307

As humans we tend to work with what is commonly know to the world.. I compared this to the concept of mobile-money that has taken over  the rural areas of some African countries... It eliminated queues in banks. I know Bitcoin is a must have for the future..
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October 26, 2017, 05:04:05 AM
 #308

just confusion why some little country reject bitcoin?

Maybe to protect their local FIAT money or because (as the majority of other countries) to be able to control everything (that's totally against the decentralization concept)
Bitcoin is the popular coin at this time and the regions who are not accepting it are maybe unknown to the facts regarding it and once they will know about this coin they will surely adopt this and bitcoin Is not any danger to the county’s currency it is economy booster coin the region where it will be used it will be counted in the local currency rates and hope so one day all nations will unite and use this coin.



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Lamisa asfiya
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October 26, 2017, 05:22:37 AM
 #309

small countries do not accept bitcoin, because they do not known about bitcoin well.i also from a little county and my country  is developing. in fact,here are many users of bitcoin. but still it is not known by everyone.

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October 26, 2017, 05:32:52 AM
 #310

small countries do not accept bitcoin, because they do not known about bitcoin well.i also from a little county and my country  is developing. in fact,here are many users of bitcoin. but still it is not known by everyone.
I dont think so, bitcoin's very popular now. Do you like elements that you can not control? I'm sure no one likes it. The government too, can't control over bitcoin and can't collect tax from a blockchain network. They don't want to accept it.

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erickkyut
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October 26, 2017, 05:42:21 AM
 #311

I'm not really sure why small countries do not accept Bitcoin. Maybe since they are small, they don't have enough resources for it and they are afraid to take the risks. Another factor is that maybe they are not properly educated about it and Bitcoin is not yet well known in their country. I'm sure that as time goes by, those small countries will start to adapt and accept Bitcoin.

greenpips
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October 26, 2017, 05:44:38 AM
 #312

Governments, first thing they do is form a currency. They like to control the currency. They control it through the central bank. They also like to know who has it, where it is, where it’s going.
BossMacko
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October 26, 2017, 05:48:14 AM
 #313

just confusion why some little country reject bitcoin?


Which country where you referring to? How can you say doesnt accept Bitcoin? Is there any punishment if you are trace Trading Bitcoin or just holding Bitcoin? There are countries that says Bitcoin is illegal but they cannot control the people who are using Bitcoin in their country so in your case you can still use Bitcoin , use proxy or use a tool to redirect your ip address to other countries and that will make you safe in using Bitcoin.

   
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rodel caling
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October 26, 2017, 06:00:11 AM
 #314

Some countries don't want bitcoin in their country because it will be a rival between their currency and bitcoin. And maybe it will be the way of people in that particular country to buy anything illegal on Silk Road or Darknet by using bitcoin. Maybe the government wants to secure their country from illegal.

your correct the rival between bitcoin in the local fiat money is considered bitcoin treat to replace the fiat money, maybe the government officials of the small country have not so far full understand the importance of bitcoin thats why they called an illigal, as first digital currency using the hashing generation of the new technology a bout crypto currency its hard to explain in the fastest way need to explain them slowly the importance of bitcoin how to help from their community and help for the economy of their nation as bitcoin decentralized cryptocurrency.

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October 26, 2017, 06:48:20 AM
 #315

It may be anonymous.
identity with anonymity will be vulnerable to fraud, if someone cheats by bitcoin method would be difficult to reveal who the owner and receive the bitcoin, especially if it occurs in system error.
if something like that happens the party in disadvantage can not do much, in contrast to payment by Paypal method resulting in Limit and refund.
I think that's one of the reasons why some countries resist bitcoin.

MetalGear
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October 26, 2017, 07:06:02 AM
 #316

just confusion why some little country reject bitcoin?


Well it is normal to be skeptic especially if things like cryptocurrency is not popular in your country. They just want to be careful because they know that they don't have enough capabilities for this kind of technology. Bitcoin is not popular among them so if you really want to travel there, convert your coins to dollars to spend money there.


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October 26, 2017, 07:20:40 AM
 #317

because i think this in none taxable and anonymous  transaction so that some country wont try to accept bitcoin to there country..or else they are late to know what bitcoin is and how to use it so that they are not interested...

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October 26, 2017, 10:02:40 AM
 #318

It is possible that the government consider bitcoin as a threat that has its own potention to be used in a money laundrying or another crime and even has its possibility as the source of fund from any terrorism attack.
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October 26, 2017, 10:05:45 AM
 #319

Countries still want more regulation considering bitcoin as people are not paying taxes on it so the better answer to that is creating it's own coin, as you can see some countries do.
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October 26, 2017, 10:09:44 AM
 #320

just confusion why some little country reject bitcoin?


Some countries think bitcoins are just a scam and third world countries are suckers for any money making scheme. That's why they think bitcoins are too good to be true. Of course, as 3rd world countries, they want to play it safe and not to risk more of the country's money on bitcoins.

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