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Author Topic: Japan leader bitcoin?  (Read 1338 times)
n4poleon
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October 12, 2017, 07:21:20 AM
 #21

Well, it is not surprising to see them lead in Asia. After all Japanese are clever people. Plus, commercially, they've already adopted bitcoin as it is being used as one the payment method at one of their consumer electronics and a Japanese company announced that they'll be mining bitcoin next year. So overall Japan is a good vibe for cryptocurrencies.
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October 12, 2017, 07:27:05 AM
 #22

there are a lot of missunderstanding in your knowledge,
first of all,chinese did not ban Bitcoin.but instead they're stopping it at the moment because they want to regulate the exchanger.
chinese banning their people to create and participate in the ICOs,to prevent the investor interest.
while korean banning their people to create and get involved into their local ICOs.

i think i understand what you're talking about 'world leader',
japan is the first country that support Bitcoin openly,first they're monitoring their exchanger for a few months and then
they regulate it directly.
which mean they're openly support it and implement it in their country.
and yes,i think they're the leader in cryptocurrency in term of implementation and support

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VanDeinsberg12
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October 12, 2017, 07:28:50 AM
 #23

there are a lot of missunderstanding in your knowledge,
first of all,chinese did not ban Bitcoin.but instead they're stopping it at the moment because they want to regulate the exchanger.
chinese banning their people to create and participate in the ICOs,to prevent the investor interest.
while korean banning their people to create and get involved into their local ICOs.

i think i understand what you're talking about 'world leader',
japan is the first country that support Bitcoin openly,first they're monitoring their exchanger for a few months and then
they regulate it directly.
which mean they're openly support it and implement it in their country.
and yes,i think they're the leader in cryptocurrency in term of implementation and support
I guess it's tiring reading people with almost zero knowledge to the regulation by goverment lately creating nonsense topic.
but japan is indeed will be the country that lead the growth of bitcoin, it's bitcoin friendly, endorsing bitcoin, and have accepted bitcoin as a legal tender.

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shimbark123
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October 12, 2017, 07:29:24 AM
 #24

after china and Korea Ban bitcoin exchange

Are you think Japan now bitcoin world leader ?
Wow, at first i only thought that China banned bitcoin. I thought they only banned icos because they referred it as a scam service. Is there any clarification in this matter? And also Korea, I am so outdated on news right now lol.

 
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October 12, 2017, 07:41:22 AM
 #25

There's no doubt that Japan could be the next market leader in bitcoin industry, they serve it as legal tender. Japan doesn't have the largest bitcoin producer today but they are the largest bitcoin user not just for trading but for economic adaption like retails and services, even banking embraces bitcoin as part of their transactions. The next step for Japan is to build and develop a bitcoin ASIC mining hardware that would rival the dominant ASIC miner producer - Bitmain. The Japanese GMO company and some financial institution are putting up a biliion dollar investment to build the next generation mining hardware that cost efficient and environment friendly mining farm. If this could materialise this could be the nicest mining farm on earth, as Japanese not just focus on profit but also an environmental concern, Chinese don't care about environment as long as they have profit in bitcoin as contrary to Japanese culture and mind set, currently the Bitmain mining farm in near Mongolia region was a coal-powered energy which is harmful to environment. Japanese not just a leader but soon become a role model of bitcoin adaption, many Japanese trading platform had grant license to operate as such.
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October 12, 2017, 08:02:59 AM
 #26

There's no doubt that Japan could be the next market leader in bitcoin industry, they serve it as legal tender. Japan doesn't have the largest bitcoin producer today but they are the largest bitcoin user not just for trading but for economic adaption like retails and services, even banking embraces bitcoin as part of their transactions. The next step for Japan is to build and develop a bitcoin ASIC mining hardware that would rival the dominant ASIC miner producer - Bitmain. The Japanese GMO company and some financial institution are putting up a biliion dollar investment to build the next generation mining hardware that cost efficient and environment friendly mining farm. If this could materialise this could be the nicest mining farm on earth, as Japanese not just focus on profit but also an environmental concern, Chinese don't care about environment as long as they have profit in bitcoin as contrary to Japanese culture and mind set, currently the Bitmain mining farm in near Mongolia region was a coal-powered energy which is harmful to environment. Japanese not just a leader but soon become a role model of bitcoin adaption, many Japanese trading platform had grant license to operate as such.
Japan is the only cointry thats really supporting btc, they see how btc potential the btc will be in the next few yeara, who wants to develop btc more and always be part of bitcoin happenings.
Yes Japan is the only country that supports bitcoin as of now because they are willing to promote it to their citizen in the way of making it a legal payment method and also they seek a good opportunity in bitcoin on which is they can earn a good profit.

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October 12, 2017, 08:06:25 AM
 #27

There's no doubt that Japan could be the next market leader in bitcoin industry, they serve it as legal tender. Japan doesn't have the largest bitcoin producer today but they are the largest bitcoin user not just for trading but for economic adaption like retails and services, even banking embraces bitcoin as part of their transactions. The next step for Japan is to build and develop a bitcoin ASIC mining hardware that would rival the dominant ASIC miner producer - Bitmain. The Japanese GMO company and some financial institution are putting up a biliion dollar investment to build the next generation mining hardware that cost efficient and environment friendly mining farm. If this could materialise this could be the nicest mining farm on earth, as Japanese not just focus on profit but also an environmental concern, Chinese don't care about environment as long as they have profit in bitcoin as contrary to Japanese culture and mind set, currently the Bitmain mining farm in near Mongolia region was a coal-powered energy which is harmful to environment. Japanese not just a leader but soon become a role model of bitcoin adaption, many Japanese trading platform had grant license to operate as such.
Japan is the only cointry thats really supporting btc, they see how btc potential the btc will be in the next few yeara, who wants to develop btc more and always be part of bitcoin happenings.

There are other countries that is supporting bitcoin. However, Japan is different. they have embraced bitcoin as one of their own. Trading volumes, number of exchanges open and a lot more in the pipeline, stores accepting bitcoin as mode of payment. As much as we still want China to be involved, they choose not to. So Japan fills the void and no time. Now the price has pushed to more than $5000 now. Really good news for all of us. Let Japan lead the way so that others who are still skeptics about bitcoin can change their mind seeing Japan don't have any issues with bitcoin in terms of criminality, illegal ways of transacting bitcoin and other stuff they sad bad about bitcoin.
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October 12, 2017, 08:12:35 AM
 #28

They certainly are the new leader of any advancement in utilizing bitcoin since they've been pretty positive about anything related to bitcoin so far. Companies issuing bitcoin bonds, regulations for safely trading cryptocurrencies and overall positive reception of bitcoin, Japan is a lovely example of a country seeing the good things about bitcoin.
it's definitely well received by the japanese; i was over in tokyo the other week and many of the department stores (excluding restaurants) had signs at checkout counters indicating that bitcoin payments were accepted there. I didn't happen to have access to my private keys at the time, so I unfortunately couldn't try it out myself, but it was pretty interesting to see.

after china and Korea Ban bitcoin exchange

Are you think Japan now bitcoin world leader ?

What do you mean by bitcoin world leader, in terms of what? because as far as I know China is the nation that have the most cryptocurrencies in their possession thinking the fact that they almost control the 70% of mining power in the whole world so logically they have the no.1 leader board when it comes to crypto holdings. Japan maybe the number one country when it comes to accepting Bitcoin as a legal tender as their government fully accept it nationwide.
just controlling volume doesn't mean anything, for all we know they could just be holding that bitcoin to prevent circulation and use. personally, i believe widespread use is much more indicative of being the forefront of bitcoin use in this case; the more use it sees, the more commonplace it becomes, and will eventually become general knowledge to the people. at that point, the people and the government will look the further the possibilities of use, and develop the technology further as they become more involved with bitcoin than any other nation.

theres nothing here. message me if you want to put something here.
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October 12, 2017, 08:28:21 AM
 #29

Knowing the fact that Japan is the one leading in terms of supporting crypto currencies specially bitcoin, their country started to adopt bitcoin and use it as a mode of payment, no wonder if the majority of bitcoin in the circulation will be found in Japan. I just hope that other country will also step up and start adopting the bitcoin market.
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October 12, 2017, 08:51:49 AM
 #30

after china and Korea Ban bitcoin exchange

Are you think Japan now bitcoin world leader ?
Do you mean Japan now is the leader or boss of bitcoin? No, it is only Japan but all bitcoin users in the world are the leaders or bosses, they are the one who is manipulating bitcoin to pump up.

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October 12, 2017, 08:55:37 AM
 #31

Yes I believe Japan is the leader in bitcoin, I think the owner of a large quantity of bitcoin is in Japan that is why this country supports the market of bitcoin and even started to adopt bitcoin in their economy.

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October 12, 2017, 09:03:17 AM
 #32

after china and Korea Ban bitcoin exchange

Are you think Japan now bitcoin world leader ?

Yes, it is a leader in terms of volume trade - around 60 % is the share of Japan.
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October 12, 2017, 09:06:00 AM
 #33

For now Japan seems to be the leader in bitcoin. But I don't think the ban of exchanges in China and Korea will last long. Chinese and Koreans are one of the largest holder of bitcoins and banning them would result in export of capital from those countries.

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October 12, 2017, 09:14:16 AM
 #34

Yeah it does look like Japan is the emerging leader. As a country they look to be embracing crypto currencies as a whole. I don't think we will see mining on the scale of China there tho.

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October 12, 2017, 12:28:25 PM
 #35

As far as I know, there is no leader in the bitcoin world. It is decentralized, there are no leader to control the bitcoin. How can I think or determine that Japan is the leader, what will be the basis to become the leader. To become a leader that leader must command and control an organization.

For me country that have many bitcoin users , have laws that support bitcoin , easy sell /buy mining tools , low electricity bill  can have real effect in bitcoin price so it will be leader and if it ban bitcoin price will really Down 
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October 12, 2017, 12:30:24 PM
 #36

after china and Korea Ban bitcoin exchange

Are you think Japan now bitcoin world leader ?

Korea hasn't banned bitcoin exchanges, only China has. Japan definitely is leading the world, with bitcoin-friendly regulations.
They have finally wiped off the Mt Gox stain from their memories.

i read about Korea Ban from here https://www.cryptocoinsnews.com

so that i think this news real
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October 12, 2017, 12:38:51 PM
 #37

Japan has already picked up the bitcoin batton that has been dropped by China & South Korea, but China has only put a halt on exchanges - not a complete ban - and once China sorts itself out (which won't be long) everything will return to normal.
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October 12, 2017, 12:43:01 PM
 #38

after china and Korea Ban bitcoin exchange

Are you think Japan now bitcoin world leader ?
I think that Japan is still at the forefront of Bitcoin's decisions and leadership because perhaps the Bitcoin maker is Japanese. However, the volume of ciphers Japan holds is much smaller than that of China. Therefore, China is still a potential market for Bitcoin development. Although it has banned Bitcoin, however, China has made moves for Bitcoin to operate under strict government and banking controls, which is a good sign, I'm waiting for what is going to happen next.

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October 12, 2017, 12:51:21 PM
 #39

Japan support btc and announced legally currency-and most exchange volume btc also there,but bigger holders btc in china I think

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October 12, 2017, 01:01:02 PM
 #40

Definitely,china has already lost its position as bitcoin leader to japan.On one side,japan legalized bitcoin and started to gain importance in bitcoin market.on the other side,china took severe actions against bitcoin and made the way easy for japan to become leader in bitcoin market.Now,japan has the largest number of trades taking place in bitcoin.Previously,it was china and before that,it was US.

Other nations should learn a lesson and follow japan in welcoming and adopting innovative technologies.Otherwise,they would have to remain isolated from the main stream of development.
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