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electronus
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June 08, 2018, 05:33:33 PM |
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it is difficult to say whether all countries officially recognize bitcoin, this requires massive and maximum cooperation between all countries in order to agree on this. but there are countries where bitcoin is officially recognized as currency. these are the countries that believe that the cryptocurrency will change the world for the better, in particular, it will affect the financial system and the economy as a whole. those who do not want to recognize Bitcoin are simply afraid of a coup in the country and for being used in "shadow operations", as well as for not being able to control the issuance of cryptocurrency.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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northstarh
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June 08, 2018, 05:40:23 PM |
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I think this is unlikely because many countries think that bitcoin is bad for their economy. They can not control bitcoin’s transactions and they can not apply tax on it.
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skylarkbright
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June 08, 2018, 05:41:43 PM |
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Bitcoin will get legitimacy in all countries soon. Most of the countries do not accept as valid currency due to their ignorance and much afraid. But, Bitcoin is already accepted as valid in many countries like USA, Canada, Japan, China and so on. So, it will take not long time for Bitcoin to be accepted as valid currency all over the world.
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Naitik
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June 08, 2018, 05:42:16 PM |
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Yes it will and it should be. If people think that Bitcoin and other crypt will harm their countries then look already there are many person who actually betrayed it own nation and making their black money fruitful for themselves. It should be legalize after considering the national security by total kuc for each crypto investor.
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royalfamily1000
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June 08, 2018, 05:44:45 PM |
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it is difficult to say whether all countries officially recognize bitcoin, this requires massive and maximum cooperation between all countries in order to agree on this. but there are countries where bitcoin is officially recognized as currency. these are the countries that believe that the cryptocurrency will change the world for the better, in particular, it will affect the financial system and the economy as a whole. those who do not want to recognize Bitcoin are simply afraid of a coup in the country and for being used in "shadow operations", as well as for not being able to control the issuance of cryptocurrency.
Legalizing bitcoin in all countries is really an impossible ambition considering that until now there are still countries banning bitcoin and their governmento warned their people not to use and this is due to bad image of bitcoin, they dont want their people to be scammed. |
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reighbut2017
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June 08, 2018, 05:55:22 PM |
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Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?
I don't think so if time will come for bitcoin to become legal in all countries considering that every nation are creating different rules to implement and the image of bitcoin will answer if it needs to be implemented or not. |
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Dele2018
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June 08, 2018, 05:56:15 PM |
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It's a possibility for it to be legalised in every country but that's going to take a very long time to come it will only happen when they see how useful it is to the economy of other countries that's when they will jump on board.
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Umar001
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June 08, 2018, 06:06:43 PM |
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Legalize of bitcoin world wide is possible, but going to be very difficult, because of the nature and the operation of bitcoin, many countries see bitcoin as a threat to their country economy, so they will never accept bitcoin in their country.
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Furzo
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June 08, 2018, 06:10:56 PM |
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Lots of people dont understand how bitcoin works and some people said bitcoin is scam due of some fake news that bitcoin is fraud, Maybe nowadays some countries didnt legitimize bitcoin due of they should have further research and a proper knowledge before they accept bitcoin and introduce in their country so hoping bitcoin accepted as a legit digital currecy worldwide.
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laryillary
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June 08, 2018, 06:16:44 PM |
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The base of bitcoin-investors has changed, it has evolved and incorporated new layers of society. Those who invested only in stocks are now looking for opportunities in other assets amid growing instability in the classical markets
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Reagan_alvaro
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June 08, 2018, 06:33:01 PM |
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I think bitcoin legitimacy depends on it's demand ,popularity,raising rate and the way of using it.If the illegal use of bitcoin rate reduce than it can be possible to accept bitcoin more in all country.
I think price largely depends on demand and supply. I don't understand how the effects bitcoin against inflation. Yes, I agree BTC or cryptos else can affect the economic a country but I don't believe it will be the inflation. inflation depending on the commodity prices, request, inventory, etc. bitcoin can not affect the request or supply for goods or services anything (all everything). so, only the price is left. |
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rightway00372018
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June 08, 2018, 06:46:30 PM |
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Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?
Talking about all countries is very hard because some countries did not allow bitcoin to legalize and the government also did not allow their people to get involved in this kind of investment. |
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Dacosta Osei-Tutu
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June 08, 2018, 06:52:51 PM |
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Crypto is gradually gaining acceptance in the world. Some countries have started legalizing it. It is possible that very soon all the countries will join
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buternasek
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June 08, 2018, 07:03:26 PM |
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It will be hard for bitcoin to be legalized in all countries but I believe that it will happen in the next next years..because in this world of new technology we need a currency like the bitcoin to serve as an international money.. we dont need to go to money changer to change our money instead with btc..it is easier to transact and buy things.
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kimochidesh
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June 08, 2018, 07:19:10 PM |
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We can’t say anything on that. Future is uncertain. Anything can happen. It may be legalized by all the countries and be widely accepted. Or it may be banned altogether in some countries. But if we suppose that Bitcoin will be accepted someday, then I it may take around a decade. Bitcoin is accepted by many people round the world. As more and more people start becoming aware of crypto market, the acceptance of Bitcoin will increase.
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cizatext
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June 08, 2018, 07:22:05 PM |
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Yes bitcoin will one day become legal all over the world because bitcoin plays an important role in our financial life both as a payment system and at the same time an assets, bitcoin has help us in a peer to peer payment system which give us the freedom to send money across borders without any hindrance. So with this bitcoin is now the universal currency of the world time will reveal that
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Vart4varta
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June 08, 2018, 07:53:25 PM |
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The bitcoin on this background seems like a non-brother of technology. Banks relate to it cautiously, citing volatility and the lack of a legislative base. All this prevents them from introducing this currency for walking and exchanging in their portfolio. But the adoption of such institutions is crying out and can give them the necessary legitimacy.
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jikurpa
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June 08, 2018, 07:56:16 PM |
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Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?
possibly because bitcoin prices exceed the local currency value in the country, bitcoin and the result is always associated with something negative when it comes from the intentions and goals of its investors |
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anilsaini0327
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June 08, 2018, 07:57:36 PM |
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Not sure if all countries will accept bitcoin but its very easy to say that many will legalize bitcoin as legal tender.
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recoal
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June 08, 2018, 08:05:23 PM |
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Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?
Man inflation is good for any country. what countries are are afraid of High inflation > 10% and if we push to some more extent Hyperinflation > 100% to 1000 % now about your question..... is that right? The chances depends on prices of bitcoin Currently Bitcoin prices are not leading to such inflations However if if the price of Bitcoin shoot up lets say million dollar per btc The it will be a serious situation for country's policymakers and the government. |
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