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Author Topic: Bitcoin is the future of money  (Read 1474 times)
Taki
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June 12, 2018, 03:35:33 PM
 #21

How do you pose bitcoin in the meaning 'future of money'? If you look at it as on the example of cashless payment this future has already came with Visa and MC. Bitcoin is decentralized and I count it is as an utopia to it became as something that will replace classic national fiat, the government will simply not allow it to happen, it's not in their interests to put the currency which is supported only by the demand on the first place,no way. But if you are talking about legalization of crypto currencies I think yes, that's our nearly future. All governments just can't skip the opportunity to fill the chest and their own pockets with taxes from digital income and add to that there is such called technological races, where every country with to be on the first place among others, but I doubt that Asian countries who banned crypto will change their opinion so soon.
I think that in such countries who banned bitcoin and use rough methods for the control of its use, as Bangladesh, may change their opinion only when the new president and the government will come to power. As I know such things are happening rearly there, the government t comes for years and they usually hold the same strategy as before. So, it may need years to change something about crypto currencies there.

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June 12, 2018, 04:55:24 PM
 #22

many of them are directly banning bitcoins:Venezuela,Bolivia,Ecuador,Bangladesh to name a few

I don't know about the other countries you mentioned, but I'm pretty sure Venezuela isn't banning Bitcoins at the moment. They're embracing crypto in hopes that it will spur economic growth.

-snip-

Venezuela has banned bitcoins ,they are not embracing crypto per se,but they have issued their own centralized cryptocurrency instead named Petro
it was supposed to issue 100 million coins and raise 6 bil USD
the country is under sanctions and its economy is in a dire shape,so Petro (which is backed up by oil) has to help them to raise money,since they cannot attract investments
the govermental forces are hunting down the big mining farms and confiscating bitcoin mining equipment,charging people with electricity theft
some of them serve time for fraud and money laundering and you do not even have to introduce laws that ban bitcoins directly,it is enough to have the ones who use it terrorized


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June 12, 2018, 05:20:52 PM
 #23

Nowadays bitcoin has accepted by so many countries and in future it will be announced as one mode of payment. Because bitcoin is legalized by many countries so there will be a change in the bitcoin money. Soon it will be accepted as a payment mode. We can buy anything using bitcoin this trend will come soon. Let us wait with the patience to accept the change. Still so many countries are in progress to accept bitcoin.

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June 13, 2018, 04:52:13 AM
 #24

Most of the government are legalising Bitcoin and its a great thing however few countries in Asia are still not declared their decision regarding Bitcoin.

I feel sooner or later Bitcoin will definitely get legalised around the globe and will be accepted as mode of payment.

Its revolutionary and its future of money.....
Crypto currency in general - this is really the future of money. And here it should be mentioned that decentralized crypto currency with high volatility can not be recognized as the main money, it can walk in the state only in parallel with the national money of this state.
The Crypto-currency is developing, new, more advanced types will appear, and it is still difficult to say what it will turn into after several decades.

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June 13, 2018, 07:49:51 AM
 #25

Sounds a very strong sense of optimism...

Well, it does have an acceptable opportunity across the country, and now.. it still considers a lot of things related on it and is still in the midst of the decision process that it will be accepted or will always be in nonlegal.
The beliefs of many people are very influential on its acceptance, but I think if the price continues to weakening.. there is no chance that bitcoin will be more accepted by various countries.

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June 13, 2018, 09:34:14 AM
 #26

Sounds too optimistic. I think that cryptocurrencies and fiat money still have different functions and scope. Personally, I consider crypto-currencies exclusively as an investment tool.

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June 13, 2018, 11:21:43 AM
 #27

Asian country may not have direct legalisation policy on bitcoin and cryptocurrency,, but they’re mostly open and have not ban it in surrounding country.. No tax declaration and strict regulation on its users.. Most western county have legalized it for money reason,, bitcoin is a big business in that countries and taxation alone can give much to they’re government projects..

Not legal but opened is better when it comes to cryptocurrency,, but be careful because no regulation means no enforcement for illegal activity or scamming..

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June 13, 2018, 11:42:19 AM
 #28

Most of the government are legalising Bitcoin and its a great thing however few countries in Asia are still not declared their decision regarding Bitcoin.

I feel sooner or later Bitcoin will definitely get legalised around the globe and will be accepted as mode of payment.

Its revolutionary and its future of money.....

I mean Bitcoin is global right? Why concentrate on Asia, Yes, its used to be the hub for crypto market but there are a lot of emerging countries as well so I say that we need everyone to get on board because crypto is a new revolution that will change the landscape of our financial industries. However, legalization is still up and debatable at this very moment. Would like to see it happen in the future, however, I doubt that besides a few countries who really see's bitcoin and crypto as not as disruptive as others have seen, not many will adopt or even legalizes it. We need to accept that fact, but we need to move forward and let those countries who are against crypto left in the closet.

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June 13, 2018, 12:03:57 PM
 #29

Venezuela has banned bitcoins ,they are not embracing crypto per se,but they have issued their own centralized cryptocurrency instead named Petro
it was supposed to issue 100 million coins and raise 6 bil USD
the country is under sanctions and its economy is in a dire shape,so Petro (which is backed up by oil) has to help them to raise money,since they cannot attract investments
the govermental forces are hunting down the big mining farms and confiscating bitcoin mining equipment,charging people with electricity theft
some of them serve time for fraud and money laundering and you do not even have to introduce laws that ban bitcoins directly,it is enough to have the ones who use it terrorized

Are you sure? Last I've heard, they's accepting it along with Petro:

https://news.bitcoin.com/venezuela-approves-decree-use-cryptocurrencies/

Mining is kind of in a gray area because their government subsidizes their electricity, so it could be construed that by mining Bitcoins, you're stealing from the government:

where state-subsidized electricity is so cheap it’s virtually free. But Venezuela’s government isn’t pleased. It’s cracking down on bitcoin mining, even though the country has no laws on the books outlawing the currency or its manufacture.

So from those, you can use Bitcoin, but likely won't be allowed to mine it. I would argue that that's very far from a blanket ban.

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June 13, 2018, 03:59:25 PM
 #30

Asian country may not have direct legalisation policy on bitcoin and cryptocurrency,, but they’re mostly open and have not ban it in surrounding country.. No tax declaration and strict regulation on its users.. Most western county have legalized it for money reason,, bitcoin is a big business in that countries and taxation alone can give much to they’re government projects..

Not legal but opened is better when it comes to cryptocurrency,, but be careful because no regulation means no enforcement for illegal activity or scamming..
Yes Asian countries have neutral status on the crypto currencies so we are to use them as we wanted but still it has positive as we all negative because already there is tough about crypto currency among the common people that is used for illegal activities and money laundering so it is important to have regulation policy that can convince the people that is good to invest and being used.

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June 14, 2018, 05:02:29 PM
 #31

We can not still jump into conclusion that bitcoin will be the future money only because of this, remember that the government from different countries have their own power to create their own crypto currency specially the powerful country like United States.
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June 14, 2018, 05:36:24 PM
 #32

every bitcoin users want the best results for bitcoin and indeed bitcoin could be use as future money because bitcoin can used more simple rather than fiat even if someday stores accept bitcoin as the payment then possibly we can buy our daily life without bringing money and i want it happened

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deklitt
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June 15, 2018, 08:41:32 AM
 #33

Most of the government are legalising Bitcoin and its a great thing however few countries in Asia are still not declared their decision regarding Bitcoin.

I feel sooner or later Bitcoin will definitely get legalised around the globe and will be accepted as mode of payment.

Its revolutionary and its future of money.....
Indeed, so far some Asian countries still refuse bitcoin for legalization, even in my country (Indonesia) bitcoin can only be used as a business asset such as for investment and commerce and our government prohibits the use of bitcoin as a means of payment transactions.
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June 15, 2018, 11:36:25 AM
 #34

How do you pose bitcoin in the meaning 'future of money'? If you look at it as on the example of cashless payment this future has already came with Visa and MC. Bitcoin is decentralized and I count it is as an utopia to it became as something that will replace classic national fiat, the government will simply not allow it to happen, it's not in their interests to put the currency which is supported only by the demand on the first place,no way. But if you are talking about legalization of crypto currencies I think yes, that's our nearly future. All governments just can't skip the opportunity to fill the chest and their own pockets with taxes from digital income and add to that there is such called technological races, where every country with to be on the first place among others, but I doubt that Asian countries who banned crypto will change their opinion so soon.
I think that in such countries who banned bitcoin and use rough methods for the control of its use, as Bangladesh, may change their opinion only when the new president and the government will come to power. As I know such things are happening rearly there, the government t comes for years and they usually hold the same strategy as before. So, it may need years to change something about crypto currencies there.
of course they do not want to take risks when legalizing a policy apalahi it concerns about their economics that could if careless would be a big problem because they know bitcoin and other crypto currencies still have a very big weakness.
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June 15, 2018, 12:01:02 PM
 #35

Bitcoin will be accept as one mode of payment in future. Because now so many countries legalize bitcoin in their country. Some countries banned bitcoin, but soon all the countries realise the use of bitcoin. So there is a more chance to accept as legal by all countries in future. If it happens countries can announce some rules to use bitcoin, to avoid illegal usage. So bitcoin will be a future money.

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June 15, 2018, 12:06:22 PM
 #36

Most of the government are legalising Bitcoin and its a great thing however few countries in Asia are still not declared their decision regarding Bitcoin.

I feel sooner or later Bitcoin will definitely get legalised around the globe and will be accepted as mode of payment.

Its revolutionary and its future of money.....

I recently read an interesting article. It relates to an implantable electronics. Ask, where does the bitcoin? I think that it may be related things (in the future). Definitely, cryptocurrencies will be more and more subject to regulation from different countries, but at the same time they will be introduced into the daily lives of people. And, this process can be accelerated through the development of third-party areas of activity (such as implantable electronics). If a person can already implant a chip into his hand today, then what prevents him from implanting a crypto-shell in the future?
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June 15, 2018, 12:41:56 PM
 #37

Most of the government are legalising Bitcoin and its a great thing however few countries in Asia are still not declared their decision regarding Bitcoin.

I feel sooner or later Bitcoin will definitely get legalised around the globe and will be accepted as mode of payment.

Its revolutionary and its future of money.....

I recently read an interesting article. It relates to an implantable electronics. Ask, where does the bitcoin? I think that it may be related things (in the future). Definitely, cryptocurrencies will be more and more subject to regulation from different countries, but at the same time they will be introduced into the daily lives of people. And, this process can be accelerated through the development of third-party areas of activity (such as implantable electronics). If a person can already implant a chip into his hand today, then what prevents him from implanting a crypto-shell in the future?
Would you agree to have a chip in your system? It is a modern form of slavery. You don't know the software capabilities of this chip. Moreover, it can always be reprogrammed remotely. From the moment you agree to do it you will not have any personal life. You will always be followed. Are you seriously ready to agree to this?
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June 15, 2018, 12:43:28 PM
 #38

No , I do not think that bitcoin will become the future money or become fiat money. Bitcoin will remain what it is the digital currency ,for me it become popular because of being a digital money and many people got interested of what it is, the usage and the benefits that given in technology world.
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June 15, 2018, 02:43:21 PM
 #39

Bitcoin will not be our future money. But it will be use as another mode of payment. Bitcoin will be our online wallet. So even though we don't have fiat with us. We can use bitcoin.

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June 16, 2018, 01:59:03 PM
 #40

Bitcoin will be accept as one mode of payment in future. Because now so many countries legalize bitcoin in their country. Some countries banned bitcoin, but soon all the countries realise the use of bitcoin. So there is a more chance to accept as legal by all countries in future. If it happens countries can announce some rules to use bitcoin, to avoid illegal usage. So bitcoin will be a future money.
if all the shortcomings of bitcoin can be overcome and acceptable in the whole world with some new regulation then it is not possible this happens because we years that bitcoin really help us to transact.

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