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TrevorS
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January 20, 2020, 02:28:56 PM |
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I think the interest grew as they knew there were tonnes of people who could invest from all over the world in global tokens or currencies. So, Russia thinks they should make a digital currency that doesn't mean anything and is worth zero, but could get millions of dollars, perhaps even billions. That's why, and nothing else, they're looking into it. Hopefully in the future all countries will accept it
What kind of investments are you talking about? After all, investments involve income in the form of dividends, but if we are talking about the digital currencies of banks and individual countries, it is obvious that these types of currencies will be stable. They will only allow expanding the functionality of fiat currencies within the digital environment in which we are all moving. |
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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SaShiRaJaVu
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January 20, 2020, 04:43:21 PM |
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They will only allow expanding the functionality of fiat currencies within the digital environment in which we are all moving.
We already have a digital environment when it comes to moving fiat currencies and if they are adding a blockchain to that movement then it will have more transparency and the biggest problem that can cause is that the government will be able to monitor every transactions we make and will have more control over us which i am not a big fan, so i am not in favor of those kind of development that a government will have more power over its citizens. |
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criza
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January 20, 2020, 10:54:57 PM |
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These countries are fascinated by blockchain technology that’s why they are taking early move for adoption. I just wonder if they will run it right away publicly or implement it by sector, this is very challenging for their side but lets see what will happen during its early phase.
Well, that is the trend now, going digital. Since blockchain technology is new and emerging, many countries try to have their own crypto assets/currency. This is good since this is also a part of crypto awareness and hope for adoption. We are seeing more implementation of this project in the future for every country as they try to utilize this new technology. Adoption and the realization of many countries about the potential of crypto currency should make a big impact in the crypto society. Like China, which is a big communist country, surely their own crypto currency would be known far and wide. Countries are trying no to be left out in this kind of innovation that might be the key for the future. |
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CaVO32
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January 20, 2020, 11:03:35 PM |
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These countries are fascinated by blockchain technology that’s why they are taking early move for adoption. I just wonder if they will run it right away publicly or implement it by sector, this is very challenging for their side but lets see what will happen during its early phase.
Well, that is the trend now, going digital. Since blockchain technology is new and emerging, many countries try to have their own crypto assets/currency. This is good since this is also a part of crypto awareness and hope for adoption. We are seeing more implementation of this project in the future for every country as they try to utilize this new technology. Adoption and the realization of many countries about the potential of crypto currency should make a big impact in the crypto society. Like China, which is a big communist country, surely their own crypto currency would be known far and wide. Countries are trying no to be left out in this kind of innovation that might be the key for the future. And aside from the list of the OP, there is already a long list of countries that are into cryptocurrency. below link is a comprehensive report regarding the usage of cryptocurrencies around the globe - https://www.loc.gov/law/help/cryptocurrency/world-survey.phpyou can view their portable doc files and you will gain a lot of insights from this report. and since this was 2018, i guess more updates can be added in this list especially that we are already in 2020. the acceptance of crypto is far better than before as more companies and institutions are having their own respective blockchain projects. |
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Baoo
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January 21, 2020, 04:00:09 PM |
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That's a good information from the OP to be honest, as I know Dubai's government are supporting the projects (financially ) in blockchain domain. Also, I did not know that Canada are testing cryptocurrencies but if it is really happened then their ecnonomy will significantly increase especially when Bitcoin is going to be recognized as a legal coin . In fact, the advantage that Canada has great energy stock especially located on the waterfalls..ect.
And due to the energy is pretty cheap right there, so mining projects would be the appropiate through these natural resources or Canadian environment.
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Xxmodded
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Activity: 2254
Merit: 309
Undeads.com - P2E Runner Game
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January 21, 2020, 04:39:36 PM |
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That's a good information from the OP to be honest, as I know Dubai's government are supporting the projects (financially ) in blockchain domain. Also, I did not know that Canada are testing cryptocurrencies but if it is really happened then their ecnonomy will significantly increase especially when Bitcoin is going to be recognized as a legal coin . In fact, the advantage that Canada has great energy stock especially located on the waterfalls..ect.
And due to the energy is pretty cheap right there, so mining projects would be the appropiate through these natural resources or Canadian environment.
How long one country keep continue for testing about accepted bitcoin and altcoin legal payment transaction and how come to make bitcoin really accepted with many people, maybe have pass three months and enough to test with bitcoin as payment currency and have new way to know bitcoin become friendly payment currency or not. |
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princesspoppy
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January 21, 2020, 06:15:36 PM |
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I smell something fishy about these countries trying to enter the crypto world. It is good that governments of these countries can see the potential of crypto currencies in terms of its accessibility and service to have a cashless society, but we can't stop thinking that maybe governments of the said countries have their hidden motives in entering and making their own cryptos. They will be able to control it just like what they want in bitcoin that they cannot control.
Anyway if it will help them to lessen the hustle but rather improve the services where these cryptos will be used, it can still be considered as a good idea.
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ice098
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January 21, 2020, 11:25:36 PM |
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I smell something fishy about these countries trying to enter the crypto world. It is good that governments of these countries can see the potential of crypto currencies in terms of its accessibility and service to have a cashless society, but we can't stop thinking that maybe governments of the said countries have their hidden motives in entering and making their own cryptos. They will be able to control it just like what they want in bitcoin that they cannot control.
Anyway if it will help them to lessen the hustle but rather improve the services where these cryptos will be used, it can still be considered as a good idea.
Yes exactly. But on the other hand its nice that the population of crypto users will increase because of this countries who will legalize crypto currencies and introduce it to their fellow citizens. If they will create their own coin its good but they cannot still bitcoin because it is the great coin at all times. I hope that my country will also legalize bitcoin or the crypto world itself because it cannot replace the fiat but it will surely help our economical status. |
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BartS
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January 23, 2020, 02:07:09 AM |
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I smell something fishy about these countries trying to enter the crypto world. It is good that governments of these countries can see the potential of crypto currencies in terms of its accessibility and service to have a cashless society, but we can't stop thinking that maybe governments of the said countries have their hidden motives in entering and making their own cryptos. They will be able to control it just like what they want in bitcoin that they cannot control.
Anyway if it will help them to lessen the hustle but rather improve the services where these cryptos will be used, it can still be considered as a good idea.
It is obvious they are doing this not because they want to help people they are doing this because they want to benefit out of this, to me their plan is simple, just as they decieved people and took away their gold they are going to try to do the same with their bitcoins. Lucky for us most of those that are invested in bitcoin think of it as a form of money that should be stored for the long term, but another goal of them by creating those currencies is to try to slow down adoption and I think they may be successful in that aspect. |
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Janation
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January 23, 2020, 05:46:10 AM |
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Adoption and the realization of many countries about the potential of crypto currency should make a big impact in the crypto society. Like China, which is a big communist country, surely their own crypto currency would be known far and wide. Countries are trying no to be left out in this kind of innovation that might be the key for the future.
I think that depends on the country. Its been years since cryptocurrencies, mainly Bitcoin is legalized in our country. Until now, Bitcoin is not that popular in our country, despite the legalization. So I think this depends on the people of that country. |
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thottum
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January 23, 2020, 08:43:12 AM |
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Many countries would issue their own digital currency rather than accepting BTC as a legally accepted currency. But several countries might treat BTC as commodities rather than a currency. In our country, the possibility of issuing central bank digital currency is in the works
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Wipeout2097
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Activity: 840
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SportsIcon - Connect With Your Sports Heroes
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January 23, 2020, 11:47:15 AM |
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If it will be implemented,A great news for crypto community and beneficial fr the cryptocurrency market.Adoption of crypto will be increased and the vendors will also think seriously about the crypto to make transaction with crypto and over all common person will be get benefit from it.
Developed countries realized that crypto and modern technology of block-chain is best for the stable economy.So underdeveloped countries must learn from the countries having proactive approach to cryptocurrency.
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doomloop
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January 23, 2020, 05:37:45 PM |
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If it will be implemented,A great news for crypto community and beneficial fr the cryptocurrency market.Adoption of crypto will be increased and the vendors will also think seriously about the crypto to make transaction with crypto and over all common person will be get benefit from it.
Developed countries realized that crypto and modern technology of block-chain is best for the stable economy.So underdeveloped countries must learn from the countries having proactive approach to cryptocurrency.
It is also spreading in under developed countries also. The only thing that stops it from being known by everybody is the restrictions put by the government on digital currency. The awareness is increasing day by day among all communities and people are accepting it happily. It is the advanced technology, its wide spread and wide acceptance by even under developed countries would improve their economies. We should work on its awareness among all nations. |
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Brunus
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Rasputin Party Mansion
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January 26, 2020, 11:16:45 PM |
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I will never tire of repeating it: if a crypto is controlled by a government, it is no longer a crypto but a simple and banal electronic money, regardless of how elaborate it is the way they try to convince us.
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tartibaya
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January 27, 2020, 10:30:57 PM |
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I wonder how Japan will make a move. The world's reserve currency is generally dollar. However, if a cryptocurrecny based on gold is produced, a new order can occur. I don't know when this will happen. But I think someone will try it.
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TheGreatPython
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January 31, 2020, 04:48:06 PM |
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Here are these countries doing their best to make the world accept cryptocurrency, while others are out there discouraging people from making use of crypto. I hope that other later change their mind and allow the use of cryptocurrency.
Although I do know that even if they do decide to go into cryptocurrency they will create their own cryptocurrency and that means they wouldn’t promote Bitcoin. But I seriously hope that they do make bitcoin legal everywhere in the world, even if they create their own cryptocurrencies, so that people can be able to make use of Bitcoin if they want to.
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hahay
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Activity: 3458
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
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January 31, 2020, 08:18:11 PM |
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Here are these countries doing their best to make the world accept cryptocurrency, while others are out there discouraging people from making use of crypto. I hope that other later change their mind and allow the use of cryptocurrency.
Although I do know that even if they do decide to go into cryptocurrency they will create their own cryptocurrency and that means they wouldn’t promote Bitcoin. But I seriously hope that they do make bitcoin legal everywhere in the world, even if they create their own cryptocurrencies, so that people can be able to make use of Bitcoin if they want to.
But because of the existence of bitcoin, the digital era continues to grow and even though they will or have planned to have their own cryptocurrency or their own digital money, but what happens in some countries has even legalized bitcoin and some only make crypto an asset, it proves that bitcoin has been accepted in the world. That way, I don't think there is anything wrong because every country will surely defend its own currency with the technology they use. |
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m0nk3y_m1nD
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January 31, 2020, 09:36:03 PM |
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I have read a news in 2019 about a tiny pacific island nation to issue its own cryptocurrency. Its called the Republic of the Marshall Islands and the token would be called Marshallese sovereign (SOV for short). The whitepaper isn't available yet, but this is one of those that I am looking forward to, especially John McAfee is running for President in November.
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dunfida
Legendary
 Online
Activity: 3080
Merit: 1129
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January 31, 2020, 10:44:40 PM |
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Here are these countries doing their best to make the world accept cryptocurrency, while others are out there discouraging people from making use of crypto. I hope that other later change their mind and allow the use of cryptocurrency.
Although I do know that even if they do decide to go into cryptocurrency they will create their own cryptocurrency and that means they wouldn’t promote Bitcoin. But I seriously hope that they do make bitcoin legal everywhere in the world, even if they create their own cryptocurrencies, so that people can be able to make use of Bitcoin if they want to.
But because of the existence of bitcoin, the digital era continues to grow and even though they will or have planned to have their own cryptocurrency or their own digital money, but what happens in some countries has even legalized bitcoin and some only make crypto an asset, it proves that bitcoin has been accepted in the world. That way, I don't think there is anything wrong because every country will surely defend its own currency with the technology they use. Government would really be going on that way and we know that not all would really have the same mind for them to recognized nor accept BTC. We've seen there are who accept but most of them are still in neutral and some numbers who do totally ban crypto/bitcoin.We cant blame them and theres no way to changed up their mind.This is the reality, we do hope for global adoption but this one isnt really possible.For now, we should be grateful at least to those countries who do recognized cryptos importance and benefits. |
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akirasendo17
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February 01, 2020, 02:19:55 AM |
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Its because they realized it can't be stop since as the day goes on, a lot of organization are looking into digital assets, i think they thought it won't happen in the early years but now they see the whole picture and now they are trying to keep up, because its on its way there, we can expect it in 2025 they will start using this technology and others will soon follow and everyone will adapt, because thats what really bound to happen, imagine from stones to metal, from smoke to mobile communications and sattelite, from drawing to walls to camera, if you can see how to world evolves its no wonder blockchain is the future
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