Bitcoin is difficult to accept in countries

[crossabdd]

at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.

[PointHope]

Bitcoin is only controversial for the global bankster elite who are currently holding the bag of 200+ trillion USD of unsecured debt.

Meanwhile the rest of the world will engage in honest p2p permissionless commerce using BTC.

[Eugenar]

In terms of bitcoin and blockchain to be adopted to many countries, it needs to be accepted first by the people. Once there is a majority of people who utilize bitcoin, the government will no longer have the capability to ban or somehow set a restriction about it. In addition, we cannot separate bitcoin and the blockchain in order to be accepted, since the blockchain is the technology needed by bitcoin to operate in the market.

[hello_good_sir]

at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.

Blockchain is loved because it provides a way for advanced countries like China, America, Australia, Japan, and other really advanced countries to be able to move their financial systems forward into a system that is even easier to trace, and is just better then our current one.

Bitcoin is hated because it uses blockchain technology - but Satoshi also added a spice of decentralization which means no government will be able to control it fully (unless they own so much BTC they can market manipulate), and that's one of the main reasons why it'll be hard for the state to be accepted as a currency.

If your talking about hard forks, for separation, it could happen, but it wouldn't be bitcoin anymore - BTC without decentralization would be weird...

[n0ne]

More countries and the functional governments have been showing positive signs of adopting blockchain and bitcoin with regulations for the same. This way the difficulty of bitcoin usage is slowly getting lowered. Already few well grown countries have already made their presence into the usage of bitcoin. Following the growth happening in the economy surely more countries will begin to adopt and accept bitcoin.

[Darker45]

Until now, Bitcoin is hardly accepted by countries for what it is because it is [1] beyond their comprehension, [2] a threat to their existing fiat system, [3] is neither issued nor directly monitored or supervised by the government, [4] is not owned by a certain person or company which the government could easily communicate, convince, or even threaten when the necessity arises, [5] is somehow anonymous, [6] and so forth. Having mentioned all these reasons, it is really difficult for Bitcoin to be accepted as legal tender in any country.

[Herbert2020]

SEC is not rejecting bitcoin proposal, they are rejecting ETFs which has nothing to do with bitcoin. and they are not the decision makers when it comes to bitcoin regulations.

aside from that the whole point of bitcoin has always been that it doesn't need any country to accept it. it is decentralized and works fine with or without countries acceptance. it is only up to people to choose to use it or not.

[jootn2kx]

at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.

I believe that Bitcoin is not adopted because it is a threat to those who make money out of people, particularly the banks. However, that is only a part of the problem, even though it is a major one. The thing is that cryptocurrencies are still evolving, and you can't regulate and adopt something that is still changing. BTC might not even be suitable to be a currency someday, especially if it is moving towards becoming a store of value. Regulations would have to change in a few years, which is extra work for regulators. It is easier for them to wait for crypto to reach its 'final form' instead, even though it slows things down considerably.

[DabsPoorVersion]

at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.

I believe that Bitcoin is not adopted because it is a threat to those who make money out of people, particularly the banks. However, that is only a part of the problem, even though it is a major one. The thing is that cryptocurrencies are still evolving, and you can't regulate and adopt something that is still changing. BTC might not even be suitable to be a currency someday, especially if it is moving towards becoming a store of value. Regulations would have to change in a few years, which is extra work for regulators. It is easier for them to wait for crypto to reach its 'final form' instead, even though it slows things down considerably.

I don't think that banks consider bitcoin as a threat, banks are just neutral and bitcoin can use them as a channel or one of their partners to the progress of having a lot of bitcoin ATM's.
I know one of the reasons was regarding the taxation law. This may be one but their main reasons were still unknown. There's no statement was released from those big countries that still find it hard to consider the adoption of bitcoin in their country.

[crossabdd]

SEC is not rejecting bitcoin proposal, they are rejecting ETFs which has nothing to do with bitcoin. and they are not the decision makers when it comes to bitcoin regulations.

aside from that the whole point of bitcoin has always been that it doesn't need any country to accept it. it is decentralized and works fine with or without countries acceptance. it is only up to people to choose to use it or not.

maybe bitcoin doesn't need a country to accept it. because the system is decentralized, so all full rights are in bitcoin users. as well as the election using bitcoin or not. but what if 80% of people in a country use bitcoin could the country be silent? I don't think so. countries will still do regulation, while bitcoin is decentralized. including also about regulation. The state wants to protect its people through many rules and regulations of law, while Bitcoin gives freedom to its users.

[crossabdd]

Bitcoin is only controversial for the global bankster elite who are currently holding the bag of 200+ trillion USD of unsecured debt.

Meanwhile the rest of the world will engage in honest p2p permissionless commerce using BTC.

not only like that guys, you are right Bitcoin is just a controversy with elite banks, but they are collaborating with the government. following government regulations, elite banks have a large and substantial contribution to the government. then what about bitcoin? decentralized system, I think it will reduce existing contributions. because it cuts the middle man out as a contribution to the government.
so the government makes it difficult to use bitcoin.

[Wysi]

Until now, Bitcoin is hardly accepted by countries for what it is because it is [1] beyond their comprehension, [2] a threat to their existing fiat system, [3] is neither issued nor directly monitored or supervised by the government, [4] is not owned by a certain person or company which the government could easily communicate, convince, or even threaten when the necessity arises, [5] is somehow anonymous, [6] and so forth. Having mentioned all these reasons, it is really difficult for Bitcoin to be accepted as legal tender in any country.

Yes these points are the main reason why some of the countries does not accept bitcoin and discourage their citizens from using it as we have seen so many instances wherein bitcoin has been used to extort money for unlawful activities which has portrayed bitcoin and it's anonymity in poor light, it's not easy to convince governments that's there were crimes and similar unethical activities even before the existence of bitcoin as they think bitcoin has made it easier for criminals to carry out activities.

[Whittiesense]

Until now, Bitcoin is hardly accepted by countries for what it is because it is [1] beyond their comprehension, [2] a threat to their existing fiat system, [3] is neither issued nor directly monitored or supervised by the government, [4] is not owned by a certain person or company which the government could easily communicate, convince, or even threaten when the necessity arises, [5] is somehow anonymous, [6] and so forth. Having mentioned all these reasons, it is really difficult for Bitcoin to be accepted as legal tender in any country.

And you've said it all. No government would want to run a nation without "being in charge" especially when it comes to the country's finances. I guess some countries are trying to devise ways that they can adopt this technology and still be in charge of the circulation of crypto. But till then a country like New Zealand chose to apply the normal tax policies to any crypto payment instead of saying no to cryptocurrency.

[djsugar]

at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.

Countries are avoiding Bitcoin at this point because it isn't that big in scale. Therefore, considering it right now won't make much a difference. Whereas Blockchain is a technology which has potential to disrupt many sectors and hence, is hugely discussed topic around the world. Moreover, Bitcoin hasn't been that successful when it comes to payments and it is decentralized as well. Because of which not many countries with complex monetary policies will prefer it.

[Jating]

Bitcoin will always be controversial no matter what, but the thing is, no country can stop or have control over it. Although some countries are putting a hammer ban, there are also nations on the opposite side of the spectrum who see benefits and welcome it with open arms, i.e. Japan or Australia or Germany.

at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.

As for the technology, it has already taking the world by storm. They are even talking about blockchain 2.0 already, which means that it has already evolved and many industries have been implementing it.

[airdnasxela]

It's really hard for bitcoin to be accepted in most countries because it's decentralized. No matter how much other country praise blockchain, they are still being reluctant to bitcoin. They'll rather create their own than to accept bitcoin. But I'm not generalising all countries since there are some who sees the positive in bitcoin. We need more time for acceptance...

[CryptoBry]

at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial. share your opinions.

There is no question that the blockchain technology (the underlying foundation of Bitcoin) is getting more popular as many countries are looking into its many good benefits and innovations and how they can use those innovative features to bring in more economic activities and enhancement of competitiveness to different industries. China is leading the way on this aspect, as well as Japan, Germany, Russia and lately the USA. Blockchain technology done and applied right can be a big game-changer in different aspects of living in different countries. We should be watching out for more developments on this arena. Since the blockchain technology is an open-source, anybody can use it according to his perceived needs and situations.

Just some weeks ago, the USA SEC rejected the Exchange Traded Fund (ETF) proposal and application of Bitwise on the same grounds used in many same rejections in the past. Now, there is another ETF application but there is no chance it can be approved this time. However, it must be noted that there is no official ban in USA for Bitcoin and people can easily and freely acquire the said digital asset.

Bitcoin is controversial (but intertwined connected to the blockchain technology) all because BTC is acting as money and a store of value (as compared to the real gold) and certainly when we are talking about money the control should be in the hands of the central banks and its regulators but in Bitcoin it is the opposite.

Will there be a time when the blockchain technology can be more accepted and used widely compared to Bitcoin? Yes, that can be possible but I am also sure that Bitcoin is here to stay and will slowly claim its rightful place in the international arena we just have to be patient about it.





 

[crisanto01]

It's not that easy to accept digital world especially in some poor countries that don't have much access in the internet or that their citizens don't even know how to access computers and still have zero knowledge over the internet. So, it won't be that much easy to accept and adopt. In time it will happen little by little.

[avikz]

at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.

Bitcoin is indeed difficult to be adopted within mainstream economy if we look from an orthodox outlook! Governments with progressive mindset are adopting it, Japan and Germany are two prime examples! Examples of orthodox government, consider India, China, Bangladesh and so on!

Pseudo anonymity of bitcoin is indeed a major bottleneck as seen by many countries but that can be regulated if needed! Which can drastically bring down the risk of money laundering and illegal activities. Again, it all depends on the leader of the country.

Blockchain is a different matter altogether! Countries with negative outlook towards cryptos have also spoken highly about blockchain! So it has already been separated because they are not even correlated! What I believe is that, bitcoin will remain a controversial topic for few more years to come while blockchain will be seen used widely in various areas of governance and administration!

[crossabdd]

Until now, Bitcoin is hardly accepted by countries for what it is because it is [1] beyond their comprehension, [2] a threat to their existing fiat system, [3] is neither issued nor directly monitored or supervised by the government, [4] is not owned by a certain person or company which the government could easily communicate, convince, or even threaten when the necessity arises, [5] is somehow anonymous, [6] and so forth. Having mentioned all these reasons, it is really difficult for Bitcoin to be accepted as legal tender in any country.

Yes these points are the main reason why some of the countries does not accept bitcoin and discourage their citizens from using it as we have seen so many instances wherein bitcoin has been used to extort money for unlawful activities which has portrayed bitcoin and it's anonymity in poor light, it's not easy to convince governments that's there were crimes and similar unethical activities even before the existence of bitcoin as they think bitcoin has made it easier for criminals to carry out activities.

this is what I think. most of the principles of bitcoin are contrary to government. Until now there has been no best solution for bitcoin to be used officially in the financial system or transactions in a country. so in my opinion bitcoin will continue to run alone, with or without government support. but I also can't predict if one day bitcoin will be officially accepted for transactions in all countries.