Bitcoin is difficult to accept in countries

[Memminger]

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.

In what way does it make the transactions easier to trace? I think the government is just doing fine tracing transactions thru banks. Even easier compared to tracing transactions in the blockchain in a sense that what we can see is the amount sent only unlike with the banks where (of course) needed KYC hence aside from knowing that the transaction took place, we also know who, where and when.

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...

I don't think that the blockchain technology is the reason but rather (like you said) it is due to the decentralization that Satoshi "spiced." But given the current volume of the crypto market, if the government(s) is dedicated enough then, going by your logic, they can control the market by purchasing a huge amount of BTC.

[Gotumoot]

Because Bitcoin is anonymous, Bitcoin cannot be controlled by anyone, Because the price of bitcoin is volitile, Because it is too risky to invest here because of the threat of hackers and more, which prevents bitcoin from being recognized as one of the most beautiful inventions of this era.

[AskGamblers]

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.

I couldn't agree more with you.

Therefore, I believe Bitcoin will become and remain no. 1 option for p2p permissionless commerce.

[Eclipse26]

Blockchain is technological advancement and the world will really have to adapt it for development. But the governments are still being uncertain with bitcoin because it's all about risk and decentralization that the government cannot control when they adopt it. Sooner more countries will look at blockchain but that doesn't mean bitcoin is going to be adopted as well since they are different.

[Meowth05]

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.

Probably government dislike Bitcoin simply because of course the anonymity since it is really hard to modulate this kind of currency indeed. Besides, they welcome Blockchain but didn't acknowledge the existence of Bitcoin because they probably wanted to create their own coin that is centralized for them to manipulate. However, I do still believe that Bitcoin would be widely accepted by world government not for now but soon.

[2double0]

You don't know why US SEC is doing it. They are trying to delay the big blast off the price when they allow even a single ETF because the accumulation phase is still ongoing and prices need to remain both stable and cheap to impress SEC for their state of described time. About the countries, G20 had already discussed measures to be taken to prevent crime being done through crypto and appreciate Blockchain. If they are accepting the technology, they will understand that the need to accept Bitcoins is more important than that because Bitcoin is the reason why Blockchain came into limelight.

[blckhawk]

Bitcoin is having a hard time being accepted by the government mainly because: [1] They don't want what they can't control or monitor. Having anonimity since not all have undergone KYC in exchanges, and they only have a bunch of addresses to look at the ledger, could be a problem when tracking down someone for whatever they're reason (e.g. a criminal usage, illegal activities). [2] It is deflationary, and price fluctuates fast and in huge amounts, which could impose difficulty in implementing it as mode of payment. [3] Regulation is a problem and might be too late for now, you can't just forcefully require every bitcoin wallet owner/holder to identify themselves.

[Zeke_23]

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.

Bitcoin being decentralized is the reason why it is hard for large countries to be accepted.
Other countries will most like to focus their sight on blockchain technology as they started creating their own crypto. In this way, they don't need to control or manipulate bitcoin but to become one of its competitors.

[crossabdd]

You don't know why US SEC is doing it. They are trying to delay the big blast off the price when they allow even a single ETF because the accumulation phase is still ongoing and prices need to remain both stable and cheap to impress SEC for their state of described time. About the countries, G20 had already discussed measures to be taken to prevent crime being done through crypto and appreciate Blockchain. If they are accepting the technology, they will understand that the need to accept Bitcoins is more important than that because Bitcoin is the reason why Blockchain came into limelight.

do you mean that bitcoin holders are agreeing to keep prices stable and cheap to convince the SEC that Bitcoin is safe. if it's like that, I think that would be an SEC reason to keep delaying ETFs. because when ETFs are accepted Bitcoin will jump up and have irregular prices. especially about the increase. maybe I don't really understand about the SEC's decision to keep delaying it. But what I focused on was why did Bitcoin and blockchain begin to separate? right now I feel that Bitcoin doesn't want to be accepted in large countries. but they adopted the blockchain. what I might see is, countries will make their currencies on the Blockchain network.

[anoufal]

As it is not strange but it seems to me that in economically developed countries it is more difficult to accept bitcoin because the financial and banking systems will resist it.

[Fappanu]

This is the truth because bitcoin is beyond their control and they cannot accept it because it will only damage their fiat money. But they cannot stop the crypto currency revolution and will continue to do so because of people who support and believe in the good intentions that crypto provides for our lives.

[error08]

Bitcoin still in the early phase of development (10 years) and bitcoin market capitalization still growing with bigger potential in the future, as satoshi said; I'm sure that in 20 years there will either be very large transaction volume or no volume.
The main reason why some countries banned bitcoin because of the underlying technology of bitcoin which knows no boundaries and decentralized without any government can control it. Furthermore, the price of bitcoin keeps fluctuating and susceptible to manipulation due to relatively small market capitalization and some people hold too much bitcoin compared to the majority adopters.

[jostorres]

You expect the government to just accept a system without thoroughly investigating it and also seeing how it functions and its effect on the market. They have not rejected bitcoin, they are just being skeptical about its usage being the fact that it is a system that they did not create personally which will make them to want to first be careful in the way they rush into it, and you can see that they were initially first difficult about it when bitcoin first came out and after which you can now see that they are beginning to look for ways for which they can regulate the market after seeing the numerous benefits that the use of bitcoin will bring to them in terms of both employment and economic benefits.

[Palider]

Bitcoin does not need to be welcomed by the government, It is made to be anonymous so it cannot be controlled by anyone. And let's not expect the government to accept bitcoin because it will surely ruin it for us to use. Because the only way now for the entire government to accept it is to have the power to control it, which other crypto users will not allow.

[acroman08]

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 much as I love bitcoin I don't see it being fully accepted by a government because of its possible illegal uses. blockchain, on the other hand, is the opposite. blockchain is quite
versatile and can be implemented in different technology/fields. in short, I agree that blockchain might be welcomed by the government because of its possible uses but bitcoin possibly
will remain frowned upon by the government. but I still have hope since bitcoin transaction are traceable and the government might use this to track down possible illegal transactions.

[zenhu]

Yeah that happen right know, the world just want to learning about blockchain to improve their economics system, but they rejected btc as currency. Its because bitcoin can't be predicted and have high volatile, so it have high risk if it become an asset for lot of people in the world.
Then bitcoin have no physical shape if we own it. Its the main reason why the bank wont use bitcoin as currency.

[xiboothrezi]

Adoption of blockchain is indeed very influential on increasing the effectiveness of a field. Adopting a blockchain does not mean having to do the same thing to accept bitcoin openly, because bitcoin cannot be controlled by any government or group (except those concerned), which is why developers make their own coins or tokens that can be controlled and managed.

snip--
Then bitcoin have no physical shape if we own it. Its the main reason why the bank wont use bitcoin as currency.

Not at all. What's wrong with not having a physical form? if it has a physical form it will actually eliminate the essence of bitcoin as a cryptocurrency, a cryptographic encrypted currency. In fact, there are a lot of rumours and news circulating that bitcoin cannot be fully accepted because there is no official administrator, anonymous, so it is feared that there will be more risk.

[Asmonist]

At this point of time there is still no concrete details as to bitcoin acceptance in terms of its legality. However, users are getting higher in volume that makes it more difficult for them to make regulations maybe. Its always the people's power to make it happen. The more users of bitcoin we'll have the capacity to sustain it. Blockchain and bitocin are reciprocal to each other and it takes both to make it happen.

[FlightyPouch]

Because Bitcoin is anonymous, Bitcoin cannot be controlled by anyone, Because the price of bitcoin is volitile, Because it is too risky to invest here because of the threat of hackers and more, which prevents bitcoin from being recognized as one of the most beautiful inventions of this era.

From all of the things you've said, I guess the accurate one why it is difficult for countries to accept it is the fact that it is decentralized. No one controls means the government will be having a hard time supporting it. We don't need to talk about investment here since the acceptability of bitcoin circulates to it being decentralized.

[boltz]

We will get to the point when Bitcoin and Blockchain cannot be ignored anymore. So far its good that people are approaching Bitcoin and they invest into it or even more they build around its ecosystem. In future Governments will adopt Bitcoin ( or some of them will build their own in order to control the funds which will only be applied for current citizen who don't believe in Bitcoin and they want a national cryptocurrency ) but yea in some countries people still see Bitcoin as the biggest bubble ever created and they don't even want to inform about it in order to find what is really behind Bitcoin, THE BLOCKCHAIN!