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Author Topic: 10 years and no country has approved Bitcoin ??  (Read 1724 times)
First77 (OP)
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March 02, 2018, 07:14:43 AM
 #141

Bitcoin is becoming more and more mainstream every day, especially in Asian countires like China, South Korea and Japan.

In 2012, there were lots of talks about "Buy 1 ounce silver. End the Fed". Then Silver price crashed from $50/ounce to $9/ounce.
Reid
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March 02, 2018, 07:19:21 AM
 #142

10 years and you still dont have any clue about bitcoin. Grin.
Oh correction, 8-9 years only.

Check the profile of satoshi here and you will see technicals that will blow your mind.
Japan is the first step and their economy didnt even plunged even after bitcoin acceptance.

I would love to go to that country and test how much fun is it. Lool at the brighter side and maybe you will see more development that will happen.
removebeforeflight
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March 02, 2018, 07:21:42 AM
 #143

Many countries have legalized Bitcoin and some countries are thinking to implement in their country. Japan, south Korea, Canada and Singapore have already legalized Bitcoin, few countries are paying part of their salary in Bitcoin. There's more good news to come from major players to accept Bitcoin legally soon.
angelakrasnova
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March 02, 2018, 07:29:36 AM
 #144

Already in a decent number of countries, the legalization of bitcoin was successful, purchases were being made, property was being bought, and even ATMs in Las Vegas were put in large quantities. Strange that quickly develop such as Japan and the United States have long been legalized, the rest are eager for this.
Muktar
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March 02, 2018, 07:43:40 AM
 #145

no country to agree but also no one to stop already 10 years keep running may forever will remain that way
First77 (OP)
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March 02, 2018, 09:05:39 AM
 #146

no country to agree but also no one to stop already 10 years keep running may forever will remain that way

$20,000 to $6,500. Remember.
LogitechMouse
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March 02, 2018, 09:22:24 AM
 #147

Bitcoin was launched in 2007. It's 10 years and still no country has approved Bitcoin ??   Huh

and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
If I remember correctly, bitcoin has been created in 2009 and not in 2007. Are you sure with what you are saying that no country has approved bitcoin? You're making me laugh right now or maybe you are not reading some articles online.

Now, take time to read some articles online and see if NO ONE approves bitcoin. There are some countries who are using bitcoin now especially Japan and Philippines because their government supports this new technology that has been introduced to us. Even though it is risky, they accepted it and legalized.

Maybe you are one of Warren Buffet's slaves that are being paid and saying some useless words here in the forum.  Wink

 
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Falgorn
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March 02, 2018, 10:25:56 AM
 #148

With a frenzied attention from Wall Street, as well as venture companies bitcoin was transferred to another financial level. The Crypto currency began to become a legal instrument for capital investment by large companies. The growth of Bitcoin is promoted by the so-called "psychology of the masses" - more people are ready to invest in the crypto currency No. 1 only because it is popular. In general, bitcoin is still in the process of becoming.
Marucya
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March 02, 2018, 10:38:00 AM
 #149

Bitcoin is a new generation of decentralized digital currency, created and operating only on the Internet. No one controls it, currency issuance occurs through the work of millions of computers around the world, using a program to calculate mathematical algorithms. Today for Bitcoin, as for dollars, euros or rubles, you can buy anything on the Internet, and it trades on the stock exchanges just like they do. But the most important difference between Bitcoin and all other forms of money is decentralization. No institution in the world controls Bitcoin. The central control body of the network does not exist, the network is distributed to all participants, each computer that produces bitcoins is a participant in this system. This means that no central body has the ability to dictate the rules to the owners of bitcoins. And even if some part of the network goes offline, the payment system will continue to work stably. In my opinion, it is difficult or almost impossible to settle bitcoin at the legislative level of the country as a legitimate means of payment.
nmax21
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March 02, 2018, 10:43:28 AM
 #150


More recently, Germany has recognized bitcoin as a means to make purchases. This is very good news. Another large developed country has recognized cryptocurrencies!

bayu7adi
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March 02, 2018, 10:53:02 AM
 #151

Bitcoin was launched in 2007. It's 10 years and still no country has approved Bitcoin ??   Huh

and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"

Are you sure? No country has approved/legalized it? Think about Japan who are one of the most progressive nations of the world, has already legalized crypto currency. You can now pay tax using bitcoin in Arizona, USA. Even European union didn't say no to Cryptocurrency, they are indeed maintaining a positive stance towards Cryptocurrency. The latest addition to this list is Israel who had legalized Cryptocurrency and imposed 15-25% tax rate very recently.

There are countries like Canada who are strictly against ICOs but generally positive about cryptos. India neither banned it nor legalized it, they have taken the midway. So majority of the countries are not negative about bitcoin.

Israel is the first county to adopt Cryptocurrency in 2018 and I am sure a lot of other countries will join the party this year.

some countries will follow
Their main consideration for being able to maintain cryptocurrency is blockchain technology
with transparency in finance, maybe only a few presidents agree, but in fact the people strongly agree
current conditions, corruption occurs only in the seat of government, and the people just see it
even in a democracy, blockchain technology will be adopted either sooner or later
AndreyBitTalk
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March 02, 2018, 11:08:35 AM
 #152

Because the state can't legalize illegal currency.They need to collect taxes from people) They will soon come up with their own cryptocurrency
gordeevaverona
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March 02, 2018, 11:17:18 AM
 #153

Many of the strips have already legalized bitcoin, it's just that not all of them have come to this yet, some are testing the block system in a test mode, some simply are conducting dialogs about what to do at the moment.
Muralidhar rao
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March 02, 2018, 11:18:22 AM
 #154

Bitcoin is becoming very famous now a days
Many crypto currencies made way from bitcoin
In countries like japan bitcoin is made legal
Incase if bitcoin was not famous then the technologicallyadvanced country wont have legalized bitcoins

galkina
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March 02, 2018, 11:19:55 AM
 #155

Bitcoin was launched in 2007. It's 10 years and still no country has approved Bitcoin ??   Huh

and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"

You are wrong about this. Some countries have made bitcoin legal like Japan. Also, there are rumors for other country that they have banned bitcoins but this is not true. For instance, in India, the finance minister made a statement recently that all people involved in illegal practices with bitcoins (like stealing tax) will be sent to jail. Now, the media came with news next day that all people who have spent money in bitcoins in India will be arrested. The news spread on internet and prices dropped to considerable extent. Later that news was found to be false.

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Severniti
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March 02, 2018, 11:27:42 AM
 #156

Looks like OP is way off.  Read and learn even if you are trying to manipulate something or someone.
My brain hurts now a little bit.
chickenfried12
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March 02, 2018, 11:31:57 AM
 #157

yes it seems to be a long process, but at this stage the countries have definitely explored what it does. my country has just begun to open it, when there is so little demand, accepting it is a difficult process to indicate that we should expect to accept a lot of countries in a few years.
btcrut2017
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March 02, 2018, 11:45:43 AM
 #158

Bitcoin was launched in 2007. It's 10 years and still no country has approved Bitcoin ??   Huh

and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
It has been almost 10 years since bitcoin was born and countries were divided on how to deal with it. There are countries where bitcoin is legal like Japan, they encourage their people to maximize the use of cryptocurrency. There are countries who approved bitcoin contrary to your speculation.
jonaire99
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March 02, 2018, 12:26:48 PM
 #159

Bitcoin was launched in 2007. It's 10 years and still no country has approved Bitcoin ??   Huh

and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"

According to some report, Germany is the first country to accept bitcoin but it hard to prove so I think it is Japan which is the first country to officially recognized bitcoin and other cryptocurrencies as legal money last April 2017. Bitcoin is also reported legal in US, Canada, Singapore and some countries in Europe but they are subject to regulations. In other countries, although the bitcoin is not legalized, the government allowed their citizens to buy and trade it.

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First77 (OP)
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March 02, 2018, 01:39:42 PM
 #160

More recently, Germany has recognized bitcoin as a means to make purchases. This is very good news. Another large developed country has recognized cryptocurrencies!

Governments are saying "deal with cryptocurrencies and bitcoin at your own risk".
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