buternasek
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June 30, 2018, 09:08:18 PM |
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On the contrary, bitcoin will not create inflation, as its limited amount is 21 million. Inflation is obtained only when the currency is issued in unlimited quantities, and then it physically ceases to be valuable. Regarding bitcoin, the countries will be divided into two camps: those who support the cryptocurrency, and those who prohibit it. This can already be traced in our time.
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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oscarclows
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June 30, 2018, 09:25:08 PM |
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As a matter of fact Legitimacy isn't the issue for Bitcoin. As I would like to think it won't get lawful in all nations . The vast majority of the nations on the planet are not really meeting the essential needs. Bitcoin or these kinds of digital money are dealt with as High end Financial scale up . The greater part of the nations are not able to keep up that. Expense VAT are imperative. It is difficult to force these without the fundamentals.
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Wuraola
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June 30, 2018, 09:27:21 PM |
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As time goes on... I think they will ligitimize bit coin in most country rejecting or banning it... It will soon be a means of exchange throughout the world.
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GreatOrchid
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June 30, 2018, 09:28:37 PM |
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Well we all want to see it happening, but to be honest, i think that it is more than difficult in some countries in where the regulation is quite hard to controlate.
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successful7
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June 30, 2018, 09:32:23 PM |
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It's not possible for anyone to stop bitcoin, it is setting down deep roots and the computerized cash is what's to come. The sooner the administrations everywhere throughout the world acknowledge it the better for them. Cryptographic money can be exceptionally helpful for the economy for a nation, so the legislatures would prefer not to miss this opportunity.
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jonaire99
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June 30, 2018, 09:52:10 PM |
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I think bitcoin legitimacy depends on it's demand ,popularity,raising rate and the way of using it.These countries have centralized economies and they are used to control or monitor their currency to rein inflation and other monetary matters.
Many of the governments are not used to decentralized virtual currencies and even there is a growing demand in their countries, they are not ready to legalize unless there are already rules or law to implement. Governments that will eventually allows bitcoin in their countries will surely impose some regulations not on bitcoin and other cryptocurrencies but on the crypto exchanges to monitor the flow and transactions of the virtual currencies. |
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Coroline
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June 30, 2018, 09:59:54 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?
for now only a few of which legalize bitcoin as a virtual currency, for various reasons that bitcoin is considered a virtual currency that is not fixed price that makes the country in the world think bitcoin will affect inflation. |
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jeffer8035
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June 30, 2018, 10:15:22 PM |
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bitcoin since it is legitimate many countries only put some rules but the bit is designed only to address only one that is auditable no attention is paid to any government or permission that they legalize it is something else because they know that every time more people add up to the chain of blocks to this global currency that there is no one who competes with their technology and that which creates imflacion is a lie to the
otherwise it protects us from inflation and financial crises and even speculation is valued if it increases its value and gives us more profit than banks
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cryptokitty
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Global Blockchain Solution For Transportation
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June 30, 2018, 10:36:42 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?
Bitcoin needs some acceptance, time and trust to be fully legalize. There are countries that seek some information and need some assurance about the latest trend but the most important is the users are increasing and btc become more popular. It means that the digital currency is spreading. |
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TelolettOm
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June 30, 2018, 10:58:54 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?
if the government does not regulate it could happen, the government to supervise and monitor well of course the results are also good |
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Master Carnegie
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June 30, 2018, 11:32:00 PM |
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The legality of Bitcoin is an extremely controversial subject, most countries have already rejected it as a legal currency due to the fact that Bitcoin is a decentralized crypto. Currencies are traditionally created by the government and supported by banks and financial institutions. But when it comes to Bitcoins, there is no regulatory body. This causes price volatility, which is not good for economic systems.
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bncbnc
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June 30, 2018, 11:42:46 PM |
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Well we all want to see it happening, but to be honest, i think that it is more than difficult in some countries in where the regulation is quite hard to controlate.
Yes but i think that a time will come when it will surely happen, Bitcoin is currently very young and it will take a lot of time when bitcoin will becom legal throughout the world, although some countries have already turn bitcoin legal but still a lot of countries have to follow them, they will take the decsion first they finalize their necessary measure about the good and bad aspect of bitcoin |
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yoseph
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June 30, 2018, 11:48:38 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 think it is unlikely that bitcoin would be acceptable to all countries. if acceptable, would require a long process. can not be controlled because the bitcoin is decentralized. I do believe that it's just a matter of time before Bitcoins becomes accepted in a lot of countries. With regulations, most countries are going to stop seeing Bitcoins as a risk and they are going to legalize it. |
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aioc
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June 30, 2018, 11:58:49 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?
Countries have contradicting views about Bitcoin because they have different laws on one another, but Bitcoin is the next big thing after the internet, so we can expect to accept this technology in the future but maybe with regulation that will make it adapt to their laws and regulations. |
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Jayleon
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July 01, 2018, 12:08:47 AM |
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It is hard to say certainly whether Bitcoin will get accepted and legitimate in all countries or not.
From its current state, many countries have already banned it usage. However, I wouldn't want to underestimate its power, because it has made immense growths since its invention in 2009.
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Ethan Argu
Jr. Member
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July 01, 2018, 12:10:36 AM |
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It could be legalize but it depends on country needed maybe they can use it in a mode of transaction and make some mode of payment that consumer gives a comfortable paying on thier needs and wants i hope it could be legalize in some malls to buy anything using bitcoin it has a good imfact to the community they will no longer to give a money on thier wallet. You just click by using our latest technology or any gadget simply by clicking you can get what you want no hussle. Makes consumers to buy faster by clicking on it.
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DoublerHunter
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July 01, 2018, 02:17:38 AM |
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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?
Countries have contradicting views about Bitcoin because they have different laws on one another, but Bitcoin is the next big thing after the internet, so we can expect to accept this technology in the future but maybe with regulation that will make it adapt to their laws and regulations. The countries doesn't have too much option for bitcoin but to accept it because that is the future of our world, with blockchain we can build more fancy things for a better life. Bitcoin is one of the example of the things that we can see in the future so the countries right now might be against to bitcoin but it will take a few time and bitcoin will get fully accepted by all of the countries in the world. We just need to be patient. |
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Alex_He
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July 01, 2018, 02:29:11 AM |
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Definitely not. One good example is China. This country is very progressive and big, if they accept bitcoin its really a big help. But as a one big country they tend to think of something that will benefit most of their countrymen or the country itself. They also want to prevent scams that some of the tokens has no value at all(not only China but most of the country). But as our era is the techie one, many innovation will be provided just to fulfill the gap.
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tonyteo13
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July 01, 2018, 02:32:14 AM |
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I think it will still take some more time to get legalized. and bitcoin will be legitimate when bitcoins have very clear rules
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ridho002
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July 01, 2018, 02:40:47 AM |
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Definitely not. One good example is China. This country is very progressive and big, if they accept bitcoin its really a big help. But as a one big country they tend to think of something that will benefit most of their countrymen or the country itself. They also want to prevent scams that some of the tokens has no value at all(not only China but most of the country). But as our era is the techie one, many innovation will be provided just to fulfill the gap.
Some countries have thoughts with the other side against Bitcoin in the future and Bitcoin will make big losses for their country. |
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