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Author Topic: Japan plans to become the Bitcoin capital of the world.  (Read 2729 times)
Thadeous (OP)
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February 06, 2018, 10:14:08 PM
Merited by BravO_o (1), Itjoker (1), mainthread (1)
 #1

We have a bundle of good new appearing today.
This one is about Japan future leadership in Crypto world.
JAPAN plans to become the Bitcoin capital of the world
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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richardsNY
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February 06, 2018, 10:21:23 PM
 #2

Japan already is. It's good to see Japan's authorities being very open minded when it comes to allowing Bitcoin to grow and extend its reach. However, the negative aspect is that we're seeing a whole lot of growth being focused in one single country, which is something we have seen happen with China as well, but with Japan it's going even further. As long as they remain open and friendly, nothing of negative nature will happen, but if they at some point think it's enough (hopefully it never happens), it will be affecting and taking down the entire market with it. For that reason I hope that more countries will follow Japan's example, because that will help distributing Bitcoin's adoption in a far better way -- adoption shouldn't be so tightly focused in just one nation.
Thadeous (OP)
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February 06, 2018, 10:36:36 PM
 #3

About 50 years ago Japan became leading country in microelectronics and circuit design.
And now it's time for the Land of the Rising Sun to become also the Land of the Rising Crypto!
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February 06, 2018, 10:41:23 PM
 #4

Japan already is. It's good to see Japan's authorities being very open minded when it comes to allowing Bitcoin to grow and extend its reach. However, the negative aspect is that we're seeing a whole lot of growth being focused in one single country, which is something we have seen happen with China as well, but with Japan it's going even further. As long as they remain open and friendly, nothing of negative nature will happen, but if they at some point think it's enough (hopefully it never happens), it will be affecting and taking down the entire market with it. For that reason I hope that more countries will follow Japan's example, because that will help distributing Bitcoin's adoption in a far better way -- adoption shouldn't be so tightly focused in just one nation.
If more country's will be following the path like what Japan did, I think it would possibly will take effect on the price to become more valuable in the future coming months. More nations adopting bitcoin has a good effect of bitcoin community, because demand will also follow as it will be more sufficient to reach that higher price value, and hopefully china and other developed countries will also accept bitcoin as one of their reliable currency of the country.
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February 06, 2018, 10:46:02 PM
 #5

Japan is the proof of value for #bitcoin and crypto in general
Always the first
Always pioneer
Always advanced in comparison to the rest of the world
When you go to Japan you understand it

Western society have to learn from this fearless culture.
Xzhyte
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February 06, 2018, 11:03:21 PM
 #6

I hope that the world will see how Japan will prosper in the upcoming years because of cryptocurrencies because it will make some country realize how dumb they are to ban crypto and will become an example for more countries to follow their path.

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Rossy Akbar
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February 06, 2018, 11:08:20 PM
 #7

About 50 years ago Japan became leading country in microelectronics and circuit design.
And now it's time for the Land of the Rising Sun to become also the Land of the Rising Crypto!

That was sounds really good,  everybody in crypto world I think will agree with it. Cause as we know currently Japan was the best bitcoin country which nobody have a doubt for that, and the founder also from there. So,  I think that name Land of the Rising Crypto is really good for them.
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February 06, 2018, 11:10:23 PM
 #8

We have a bundle of good new appearing today.
This one is about Japan future leadership in Crypto world.
JAPAN plans to become the Bitcoin capital of the world

They are well on their way there. I think about 70% of all their bank infrastructure actually touches the ripple network and many places you can also buy stuff with btc.
HasHe
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February 06, 2018, 11:10:55 PM
 #9

Yes,the japanese government is trying to use the growth in interest of crypto currencies to improve their economy.They just want to facilitate fintech via crypto currencies and blockchain technology.

They have estimated that they could even get one trilllion yen as tax revenue from the crypto currency industry.
Thadeous (OP)
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February 06, 2018, 11:25:56 PM
 #10

We have a bundle of good new appearing today.
This one is about Japan future leadership in Crypto world.
JAPAN plans to become the Bitcoin capital of the world

They are well on their way there. I think about 70% of all their bank infrastructure actually touches the ripple network and many places you can also buy stuff with btc.

Sounds really interesting. Here is what I found concerning RippleNet:
Top Korean Banks Work with Japan Bank Consortium to Modernize Cross-border Payments
This Korean and Japanese banks consortium looks very promising for crypto and specially for XRP.
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February 06, 2018, 11:31:24 PM
 #11

We have a bundle of good new appearing today.
This one is about Japan future leadership in Crypto world.
JAPAN plans to become the Bitcoin capital of the world
That would cause Asia to be a top contender for the one world government situation. I hope Japan does it do it.

 
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darkfox12
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February 06, 2018, 11:35:50 PM
 #12

South Korea and Japan can lead the way for all of Asia and make the rest of the world follow them by example.  The way we are now, everyone will over regulate before they try and understand what they're regulating.
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February 06, 2018, 11:44:08 PM
 #13

That's How Japan really the bitcoin capital in the world of cryptocurrency. Japan also has a big impact on bitcoin as it is one of the investors in which they have invested too much money. If there are many investors, the bitcoin value will increase as well. Unlike other countries where they do not accept the cryptocurrency because it is associated with their economy. So much thanks to the Japanese as they invest, the value of bitcoin increases and we all benefit from it.
Thadeous (OP)
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February 06, 2018, 11:46:26 PM
 #14

The way we are now, everyone will over regulate before they try and understand what they're regulating.

Well said! I can bet that most of people who are responsible for regulations in crypto barely realize what are Bitcoin, altcoins, mining, tokens and blockchain. Roll Eyes
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February 06, 2018, 11:46:32 PM
 #15

Japan do not plan, Japan is already the Bitcoin capital.
Their laws and legislations encourage traders and investors, besides no one can deny the fact that Japan is a technology and innovation Leader.
They know that the blockchain technology have more benefits than risks.

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Doge dealer
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February 06, 2018, 11:52:10 PM
 #16

Dollars and cents simple. Japan realizes and accepts the huge opportunity that bitcoins presents in terms of the economic boost it can provide. Japan is simply just cashing in on the refusal of other nations to smell the coffee and encourage and nurture bitcoin. The Japanese are no doubt excited about whats happening in the us as they will now attract the investors who wanna invest but encounter an unfriendly environment in America. Great going japan look out people their economy will soon start experiencing real growth again.

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February 06, 2018, 11:52:56 PM
 #17

We have a bundle of good new appearing today.
This one is about Japan future leadership in Crypto world.
JAPAN plans to become the Bitcoin capital of the world
That would cause Asia to be a top contender for the one world government situation. I hope Japan does it do it.


Weren't they, pretty much, always? With China as one of the leaders in mining, SK and Japan with exchanges and adoption of crypto as technologically leading countries, I'd say that they were always in the lead.  

Need some spare btc for a new PC that can at least run Adobe Dreamweaver.

BTC - 19qm3kH4MZELkefEb55HCe4Y5jgRRLCQmn ♦♦♦ ETH - 0xd71ACd8781d66393eBfc3Acd65B224e97Ae1952D
Thadeous (OP)
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February 06, 2018, 11:55:25 PM
 #18

Japan do not plan, Japan is already the Bitcoin capital.
Their laws and legislations encourage traders and investors, besides no one can deny the fact that Japan is a technology and innovation Leader.
They know that the blockchain technology have more benefits than risks.

Indeed. So I can't wait to see Bitcoin and altcoins trading on Tokyo Stock Exchange, ahead of other famous stock exchanges. Cool
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February 07, 2018, 12:03:04 AM
 #19

I don't like the idea to have a country being the 'capital', the Bitcoin's central... Why to centralize something that is worldwide?
However, I think it's good to make other countries stop being so limited about technology and its adoption. Other countries will have to show some effort to be successful like Japan is being. It's a good incentive for all the rest of world. When they start seeing how Japan will be one step ahead, they will want to do the same.

 
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February 07, 2018, 12:05:58 AM
 #20

Japan will beat other countries in innovation if they put there hands on blockchain technology. Japan realizes the benefits of blockchain. They can use bitcoin in trading freely without government policies of other countries. Maybe bitcoin being decentralize is what makes japan more interested on it.
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