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Author Topic: Bitcoin will get legitimacy in all countries?  (Read 2823 times)
Etanllah
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July 01, 2018, 05:23:49 PM
 #821

I think bitcoin will be for sure legal in all countries, because countries cant ban it, and people still will use bitcoin, so at least counties will receive some taxes from it.
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dragoz11
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July 01, 2018, 05:46:18 PM
 #822

how the inflation is supposed to occur if the btc becomes legitimate, actually I think the money will have more liquidity as it will distributed more among people and with ease inflation somehow.
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July 01, 2018, 07:11:03 PM
 #823

It can be said that Bitcoin would not be allowed by the G8 as it would give rise to an accepted and growing competition to national currencies, however, the global population's acceptance of a democratic currency is growing exponentially so it may be possible that it could be legitimacy.
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July 01, 2018, 08:12:34 PM
 #824

Bitcoin will not be a source of increased inflation.  Because if countrymen wish to buy bitcoin; they will have to pay the fiat currency of their cournty.  So the fiat currency will be pushed out of the circulation.  So there will be shortage of currency. 
Ultimate effect of decreased currency will be less purchasing power of the people of that particular country.  So with the decrease in purchasing demand of goods and services will decrease ultimately this step will be deflationary not inflationary;
Hope the concept  is clear Grin
Above statement given on the basis that most of the people in most of the countries are buying as instrument of investment not as currency to buy goods and services.


I agree with you. I also think that bitcoin will allow many people to earn money and stop being poor. so it is not beneficial to the country's leadership. This is the reason why many states prohibit it
Momoamzad
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July 01, 2018, 08:19:13 PM
 #825

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?

this is alabout their thought. I donot find bitcoin harmfull. its popularity all over the world. I hope some day people will understand and it will lagitamecy as soon as possible.
because it is the source of earning for unemployeed. .

cosmicart
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July 01, 2018, 09:11:29 PM
 #826

one might say that bitcoin will wind up genuine in many nations. Be that as it may, regardless of whether it will command in all nations, is under probability. Many nations are not benevolent towards bitcoin and by and large, cryptocurrency, since it is uncontrolled and permits uncontrolled withdrawal of cash from the nation.
mbenga
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July 01, 2018, 09:33:06 PM
 #827

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?
As for me, I think Bitcoin would never get the legitimacy all over the world. Bitcoin will have always problems with governments of all countries in the world about putting into the economy. Law inside the country are very strict to involve new technologies in it.
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July 01, 2018, 09:37:48 PM
 #828

Hi guys

Can Crypto get big enough that it would be used to fund political campaigns and totally influence the way we make decisions in broader aspects of government?


There are so many countries that are very strict in there guidelines. Government see to it that the people are protected. That is why it would still be a long journey for bitcoin to be accepted worldwide.
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