12 years and no country has approved Bitcoin ??

[Mdsumon0066]

 :)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"

[Chrystora123]

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

how can the government approved a decentralized coins??  the government will only be approved what they can control and Bitcoin cannot control.  even the government has to be the whale to control the price and it certainly will not happen.  just let Bitcoin stay like this (a decentralized coin that has a high value)

#This has been discussed repeatedly and I think you are just lazy to find it in other topics

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

come on, do you believe his predictions??  in the investment world, I respect warren but he is not a shaman who can predict anything.  if Bitcoin is going to die it must have happened since 10 years ago..

[dimonstration]

Each country have their own currency so there is no need for them to approves it as we can easily use it as an alternative with some rules and protocol assigned by the government. Since bitcoin or any crypto operator is from different countries it will be hard for any government to approves it. So it's still good even they don't approve it we were able to use and knows it.
About bitcoin ends badly, iy may happen but not this early, there are still many uses and advantages that can be use bitcoin in making transactions easier. Those who believes and studied it were able to know the importance it can give to them.

[20kevin20]

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

It was actually invented in 2008 and launched in 2009 by Satoshi. It totally depends on what "approved Bitcoin" means to you. If you mean adopting it as a national currency, it's close to impossible due to the fact that governments do not have any kind of power in this economy.

Other than that, while there are some countries hostile to Bitcoin, there are many, many out there allowing its usage even as a method of payment. Regulations helped make that happen, but while on the other hand attacking privacy from multiple sides.

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

If he's your idol and you take his word for granted as if he was some crystal ball, then do so. But I wouldn't if I were you. Bitcoin could end up badly the same way Buffett's portfolio could. It's all about what the future reserves for us. John McAfee has said years ago that Bitcoin would either hit $1M by the end of this year or he'd cut his d*ck and eat it live on TV. Would that be convincing enough for you that Bitcoin is going to make you rich? It wasn't for me, and it seems like he either has to eat his own sexual organ or he'll just take it as probably the biggest L of his life.

Influencers and billionaires aren't Gods. They only have masses they move to the directions they want. I'd honestly recommend you not to be part of those masses.

[The Cryptovator]

Many countries have been allowing Bitcoin. You should read this topic, List of Countries Where Bitcoin/Cryptocurrency Is Legal & Illegal (Banned). But if you are talking about approve it officially then it wouldn't happen since Bitcoin is a decentralized cryptocurrency. There is quite a difference between legalize bitcoin and approved it as an official currency.

Regarding prediction badly end up, there was so may similar prediction from the beginning. But still, Bitcoin is alive and I believe it will be live for a long time or forever. This kind of prediction wouldn't affect the bitcoin, because Bitcoin always depends on its community.

[Zionatin]

You're a twit. Please explain to me what exactly does "approved" mean. Do I need approval from the government to do everything? So there must be a written law in place for every possible action people take?
There is nothing to prove. You are totally clueless and know nothing about the law or much else it seems. You're little at the end of your comment just shows you are a troll and not a very clever one at that.

Get this into your head. The government is not a god. You don't need the approval to do anything. I can use crypto even if it is a crime they cannot prevent you. You are utterly mindless

[Ucy]

I guess you mean bitcoin(the currency)... or do you mean both the currency and the Decentralized Network/tech?
If they didn't approve Bitcoin, they wouldn't be copying the technology (like Blockchain) or allow Bitcoin exchanges/platforms to trade in countries.
I think part of the problems is that regulators either don't understand Bitcoin in order to make it part of the law and officially approve it... Or it's probably too transparent/decentralized/immutable for the liking of some regulators, and won't let them operate opaquely, lawlessly, without accountability, etc
. So for such people, the technology has to be centralized and controlled by them for them to approve it.

[SquirrelJulietGarden]

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

Simply. Bitcoin was created to destroy national bank systems. Governments and their bank systems are fearing of bitcoin. The more adoption of bitcoin globally and nationally, the more nightmares they will have.

The message in the genesis block says it.

00000000   01 00 00 00 00 00 00 00  00 00 00 00 00 00 00 00   ................
00000010   00 00 00 00 00 00 00 00  00 00 00 00 00 00 00 00   ................
00000020   00 00 00 00 3B A3 ED FD  7A 7B 12 B2 7A C7 2C 3E   ....;£íýz{.²zÇ,>
00000030   67 76 8F 61 7F C8 1B C3  88 8A 51 32 3A 9F B8 AA   gv.a.È.ÈŠQ2:Ÿ¸ª
00000040   4B 1E 5E 4A 29 AB 5F 49  FF FF 00 1D 1D AC 2B 7C   K.^J)«_Iÿÿ...¬+|
00000050   01 01 00 00 00 01 00 00  00 00 00 00 00 00 00 00   ................
00000060   00 00 00 00 00 00 00 00  00 00 00 00 00 00 00 00   ................
00000070   00 00 00 00 00 00 FF FF  FF FF 4D 04 FF FF 00 1D   ......ÿÿÿÿM.ÿÿ..
00000080   01 04 45 54 68 65 20 54  69 6D 65 73 20 30 33 2F   ..EThe Times 03/
00000090   4A 61 6E 2F 32 30 30 39  20 43 68 61 6E 63 65 6C   Jan/2009 Chancel
000000A0   6C 6F 72 20 6F 6E 20 62  72 69 6E 6B 20 6F 66 20   lor on brink of
000000B0   73 65 63 6F 6E 64 20 62  61 69 6C 6F 75 74 20 66   second bailout f
000000C0   6F 72 20 62 61 6E 6B 73  FF FF FF FF 01 00 F2 05   or banksÿÿÿÿ..ò.
000000D0   2A 01 00 00 00 43 41 04  67 8A FD B0 FE 55 48 27   *....CA.gŠý°þUH'
000000E0   19 67 F1 A6 71 30 B7 10  5C D6 A8 28 E0 39 09 A6   .gñ¦q0·.\Ö¨(à9.¦
000000F0   79 62 E0 EA 1F 61 DE B6  49 F6 BC 3F 4C EF 38 C4   ybàê.aÞ¶Iö¼?Lï8Ä
00000100   F3 55 04 E5 1E C1 12 DE  5C 38 4D F7 BA 0B 8D 57   óU.å.Á.Þ\8M÷º..W
00000110   8A 4C 70 2B 6B F1 1D 5F  AC 00 00 00 00            ŠLp+kñ._¬....

https://en.bitcoin.it/wiki/Genesis_block

[claire_lovely]

The great part about Bitcoin is that it doesn't need the approval of any governments. Even if they attempt to tax it, ban it, or censor it, it is always usable and accessible by its nature.

[buwaytress]

Oh no, Japan law recognising Bitcoin as legal tender, Swiss public transport and municipal tax payable in Bitcoin, universities accepting Bitcoin as fee payments, hell, regulated and licenced merchants accepting all my bitcoin all these years... Fake news? Where have you been OP?

[Bttzed03]

Many Governments still stand by with their view that BTC isn't backed by anything that is why they cannot approve it as a legal tender. However, they approve it as an investment asset. They issue memorandums and create biils/laws to tax income from bitcoin trading and mining. Regulations of crypto exchanges and other platforms with crypto-related services are also proofs that they've accepted bitcoin to a certain extent.

[Oshosondy]

:)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"

Bitcoin was created in 2009, not 2007. Warren Buffet said bitcoin would end up badly? That means he knows nothing he is saying, after his bad speeches and hatred for bitcoin, bitcoin has been surviving and more adopted.

[mk4]

While a certain country "approving" bitcoin(I assume you meant announced as legal tender) is good, bitcoin doesn't need government approval to be successful. You would've known that if you did the slightest research.

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

And? He doesn't like investing in tech companies like Apple and Microsoft because he doesn't understand them. What's your point?


EDIT: Ahh, the classic no response when everyone's throwing counter-arguments at you.

[Nhor1011]

Always remember that Bitcoin is decentralized digital currency and government has no control over it. Also every country has it's own currency used by all people on their daily lives. They are more familiar with it rather than using a bitcoin. Not all people know about bitcoin ,so, I think let's just be contented that we still use bitcoin not just as investment but also an alternative to fiat currency although government not accepted it.

[Kupid002]

:)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"

If you want bitcoin to be one of thier main currency then thats not possible to happen .there are countries that already legal to use crypto currency as one of online payment you only need to follow government rules that they are given .

For Warren buffet that is only an opinion there are already big company Starting to adopt the use crypto currency even they say it doesn't mean it will happen its just simple opinions.

[Ayiranorea]

In 12 years of time what it has achieved is big. In terms of growth, adoption, acceptance equal to currency, in transaction need, as an alternate payment gateway. In different forms it has been serving as a multi-purpose asset. We can't expect the same level of acceptance and authorization with every country.

Several countries have undergone research about the need of bitcoin and made it legal, by the time some countries have made use of the technology and hasn't completely legalized bitcoin. This way the difference can be found, but that doesn't stop its growth. With time it has been pushing itself forward than going downwards which is the goodness of bitcoin.

[proTECH77]

Bitcoin is a decentralized which you don't need to take any approval from the government before you can carry out your transaction. Bitcoin is not control by the government, so it can decide to pump any time and dump any time which no government can question. Once it is legalized in a country you are free to invest and make your profit without government approve it for you.
Bitcoin is different from fiat money which is centralized and it is control by the government and it's approved by the government to every investors to make use in their business to make profit.

[CarnagexD]

"Approved bitcoin?"

You're speaking as if bitcoin wasn't use in illegal transactions online, but that's not the main point of mine why it hasn't been widely accepted worldwide. For a simple fact that Bitcoin is decentralized and governments are centralized, that fact alone should answer the question why most of the government all over the world is cautious with bitcoin. I'd rather choose people empowering bitcoin than governments lol.

[bocyaj]

:)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 should surf and find ,how many legalized till now.Many country had legalized it,it was neutral in many country.So transaction of bitcoin was a legal tender in most of country in this world.Actually many of international transaction was done with bitcoin as of now.Bitcoin became a boom to the corporate companies transaction.

[seoincorporation]

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

A lot of countries approved it, but isn't considered money. But in countries like Mexico you can legally buy them and sell them and only pay tax over the profit.

I don't think countries will see bitcoin as money. That could bring enormous problems to the economy, that's why it's legal as an inversions instrument.