12 years and no country has approved Bitcoin ??

[geegaw]

It's a common idea that government will not accept or approve bitcoin because it's a decentralized currency, can't be controlled and might end up ruining the economy instead of leading in advantage. The government can't control bitcoin, no one can and that's the one and strongest reason why no government accepts the currency. We are lucky that most countries are legalizing the use of cryptocurrency. It can change depends on the situation where it'll be more profitable.

In general, I also do not encourage or feel that spreading crypto or bitcoin to the government and asking them to provide legalization because everyone understands that the nature of this story is impossible when the origins of bitcoin are not so clear and controlling is not easy, the government is still very worried about what happens after they legalize it. Plus, users like us probably don't benefit too much when we make our earnings public, we won't be able to avoid taxes, approving is unnecessary, maintaining neutrality is something I like among governments

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[iTradeChips]

No country has made bitcoin official? Are you sure?
Bitcoin is known as the official currency in many countries and is used for transactions. Even in Korea, there are devices that pay you to receive some bitcoins.
increase your knowledge in this field, my friend!

What exactly do you mean by Official currency? I mean of all countries Japan is the only that OFFICIALLY RECOGNIZED Bitcoin and other digital currencies as Legal money. But to be an official currency? I mean you need to replace the current official currency of that country like Yen or Dollars and replace it with Bitcoin. And Japan is the only country that made a law on that. Other countries made official statements about it but no "Official Currency" status. But maybe I am wrong. Can you please elaborate and give us some links since you are telling us to increase our knowledge so I guess you have THE knowledge.

[CryptocurencyKing]

This one came funny to me @OP. I don't know what nation of the world would approve of a revolution because, that's what Bitcoin is to most countries fiat currency because, should it be approved following the advantage it offers, it just might erase fight from the world. And again, its decentralized nature being that it cannot be controlled or taxed appropriately, doesn't help the government so much in revenue generation so now tell me, 'How then do you expect the government of any nation to go as far as approving it?' The best is what they have done in some nations which is legalizing it along with a warning. Only worst nations or ignorant governments would go as far as making it a crime or banning its operation in their country. Its so much of a set back.

[3meek]

This one came funny to me @OP. I don't know what nation of the world would approve of a revolution because, that's what Bitcoin is to most countries fiat currency because, should it be approved following the advantage it offers, it just might erase fight from the world. And again, its decentralized nature being that it cannot be controlled or taxed appropriately, doesn't help the government so much in revenue generation so now tell me, 'How then do you expect the government of any nation to go as far as approving it?' The best is what they have done in some nations which is legalizing it along with a warning. Only worst nations or ignorant governments would go as far as making it a crime or banning its operation in their country. Its so much of a set back.

What if it's only a matter of time? For example, in 10 years it may well claim to be a recognized currency, and it would be pointless for states to deny it? Especially if you look at the recent events with the vaccine and the passports of the vaccinated... Surrealism ceases to be surreal!

[milani]

:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ??   Huh

and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"

It is impossible to approve something that you can not control or where you will not be able to dictate rules. Government can approve things that can become controlled by it fully or partially. What about decentralized things, in this direction government has only possibility to control things and processes that may be connected with crypto for example, your declaring assets in your native money equivalent, or you buy equipment for mining, or licenses for exchanges, but the decentralized thing itself is outside their control and opportunity to approve it.

[iTradeChips]

This one came funny to me @OP. I don't know what nation of the world would approve of a revolution because, that's what Bitcoin is to most countries fiat currency because, should it be approved following the advantage it offers, it just might erase fight from the world. And again, its decentralized nature being that it cannot be controlled or taxed appropriately, doesn't help the government so much in revenue generation so now tell me, 'How then do you expect the government of any nation to go as far as approving it?' The best is what they have done in some nations which is legalizing it along with a warning. Only worst nations or ignorant governments would go as far as making it a crime or banning its operation in their country. Its so much of a set back.

What if it's only a matter of time? For example, in 10 years it may well claim to be a recognized currency, and it would be pointless for states to deny it? Especially if you look at the recent events with the vaccine and the passports of the vaccinated... Surrealism ceases to be surreal!

Well, the only problem with your statement is this. 10 years is too soon for your "prophecy" to happen and take into account the many institutions that will fight head on with Cryptocurrency. All we have right now is for Bitcoin to have a status where it is being accepted as a form of payment or investment. But to make it a global force? It is too early I should say. As long there will be big shots who will make sure that they will invest and enter the cryptocurrency market then it might help with the speedy acceptance of big finance to crypto.

[Fredomago]

:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ??   Huh

and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"

You Know what is controversial here ? is that you as newly created account that has Fully Posted in Bounty reports had only one serious post and guess what ? this post lol , questioning Bitcoins acceptance does it sounds funny?

https://bitcointalk.org/index.php?action=profile;u=2861414;sa=showPosts;start=20

But it's Fine because we are use to it.

And also JAPAN accepted Bitcoin years back so how come that this idea comes to your Bounty Mind?

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and also Even that many countries are not approving Bitcoin at least many of them are allowing their People to use and enter trading and for me this is more important that that Approval that you are talking about.

[3meek]

This one came funny to me @OP. I don't know what nation of the world would approve of a revolution because, that's what Bitcoin is to most countries fiat currency because, should it be approved following the advantage it offers, it just might erase fight from the world. And again, its decentralized nature being that it cannot be controlled or taxed appropriately, doesn't help the government so much in revenue generation so now tell me, 'How then do you expect the government of any nation to go as far as approving it?' The best is what they have done in some nations which is legalizing it along with a warning. Only worst nations or ignorant governments would go as far as making it a crime or banning its operation in their country. Its so much of a set back.

What if it's only a matter of time? For example, in 10 years it may well claim to be a recognized currency, and it would be pointless for states to deny it? Especially if you look at the recent events with the vaccine and the passports of the vaccinated... Surrealism ceases to be surreal!

Well, the only problem with your statement is this. 10 years is too soon for your "prophecy" to happen and take into account the many institutions that will fight head on with Cryptocurrency. All we have right now is for Bitcoin to have a status where it is being accepted as a form of payment or investment. But to make it a global force? It is too early I should say. As long there will be big shots who will make sure that they will invest and enter the cryptocurrency market then it might help with the speedy acceptance of big finance to crypto.

I don't agree with you! Look at what happened to bitcoin 10 years ago, and how much it has evolved now that the whole world has learned about it... I think that in another 10 years we will have a new paradigm in the financial world thanks to bitcoin, and cryptocurrencies!

[lifeforcepools]

Many countries talk about it, but no one has done it 100%

[maxi786]

The most important thing about bitcoin is that it does not need the approval of the government. Although if they try to tax, ban or censor it, by its unique nature it is always usable and accessible.

[Kong Hey Pakboy]

Using cryptocurrency is actually approved by some of the governments around the world, and it is fine as it is. Being approved by government does not mean they should be handling it and force their people to use it. I mean, with permission or not bitcoin and other cryptocurrencies will still continue to function and whoever wants to use it can use it freely.

As for predictions, you can't just believe in anyone about bitcoin's future. Only if he had done thorough research about and he is familiar with how it systematically works, maybe his argument is valid. But it's not, so why believe to it?

[leea-1334]

25 years of internet and people still do not even know how to read things from search engines to find out if what they are about to say is true. But I feel happy every time someone says something like this about BTC,,, makes them not buy it, makes others not buy it, makes it longer to reach mainstream adoption. Good for accumulating hodlers like me:)

[TribalBob]

in my country bitcoin  it is not legal yet but the government does not prohibit bitcoin transactions,
every country definitely will not and It is impossible to agree on something that it cannot control or over which you cannot dictate the rules. where - where the Government can agree on matters which can be controlled fully or partly.

[angrynerd88]

Numerous Governments of different state and countries still stand by with their see that BTC isn't supported by anything that's why they cannot endorse it as a lawful delicate. Be that as it may, they favor it as an venture resource. Mostly officials busy to amendment laws regarding Bitcoin to assess wage from bitcoin exchanging and mining. Controls of crypto trades and other stages with crypto-related administrations are too proofs that they've acknowledged bitcoin to a bounded area.

[worldofcoins]

There's no power in this world for your kind information that can destroy the bitcoin or any cryptocurrencies, so it's better not to discuss anything related to "destroying" or "end up badly."
Talk about approving the bitcoin; well, the government can't accept any cryptocurrencies.
They're volatile and decentralize, and government believe it can destroy their economy

[Twinkledoe]

There's no power in this world for your kind information that can destroy the bitcoin or any cryptocurrencies, so it's better not to discuss anything related to "destroying" or "end up badly."
Talk about approving the bitcoin; well, the government can't accept any cryptocurrencies.
They're volatile and decentralize, and government believe it can destroy their economy

And right now, El Salvador is the first country to accept bitcoin as legal tender. Other countries may not look at btc as legal tender but there are a lot of them that are openly accepting crypto in their financial system. Bitcoin doesn't need approval of government as it can exist without them, unless the government is totally banning its usage. In those 12 years, bitcoin has achieved a lot already.

[suryogandul]

This is a natural thing if there is no country that 100% approves bitcoin because what we know today is that every country still applies pros and cons for bitcoin. only el salvador accepts bitcoin and is open to the public. but in the future I believe that many countries will accept bitcoin if the government understands the true benefits of bitcoin.

[LimLims]

It doesn't seem to be prohibiting. But limiting the circulation of bitcoin so that they can still control the finances, they do not want all in financial terms to move freely and openly. Here they of course have a secret for them to keep and can not be published.

Yes that’s the basic thing that everyone needs to understand.
But guess what? El salvador now accepting Bitcoins.
Someone has started and i am sure rest gonna follow for sure.
The main reason for which countries consider Bitcoins as illegal due to it’s decentralised nature.
But i am sure in future, people will force the government to make the coin legalised.

[swogerino]

It doesn't seem to be prohibiting. But limiting the circulation of bitcoin so that they can still control the finances, they do not want all in financial terms to move freely and openly. Here they of course have a secret for them to keep and can not be published.

Many governments are against Bitcoin and I do not understand why,maybe because they truly want slaves and not population.In the pandemic Bitcoin helped a lot of people get past those very difficult months of Q2 2020 where almost all businesses closed down and people were not getting paid like they used to.

Central banks are the enemies of Bitcoin,they think that their power will be completely removed when Bitcoin enters mainstream adoption and that is why them together with governments do not want Bitcoin,except El Salvador right now.

[Kusman]

Governments don't approve cryptocurrencies easily as there is a high volatility in this market. And they do not want their citizens to make investments into them and risk their money. For example, China showed this as a reason and banned all the things related to cryptocurrencies. But still, most governments choose to regulate them and not to ban them.