12 years and no country has approved Bitcoin ??

[death69]

What do you mean by saying "approved"? There are many countries considering bitcoin as a type of payment already. Regulations are made in order to put cryptocurrency under the law so that tax can be collected from it. These are good signs for bitcoin, which keep the price around $10000 recently. People from many parts of the world have adopted Bitcoin for many years. Right now, we still need a lot of things to do to improve the technologies inside so as to improve the quality and quantity of transactions. Lower the fees is what users really really want right now

12-year is not a long period of time. Bitcoin is still very young, however, it has brought to us many different doors to see the world in different sights. Bitcoin is definitely on the right path right now

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[ShowOff]

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

You may lack information regarding the legality of bitcoin during this time. Several countries have allowed bitcoin as a legal means of payment such as taxes, transportation fees and others. However, not all countries allow it as a mean of payment, but in fact we can use it as a means of payment that is recognized by users (not the government) even though it is prohibited in regulations. We are free to trade bitcoin as a valuable asset on the commodities market and and it's legal. As a currency, we can still use bitcoin as a means of payment even without government approval and it is done between users. You must know that. Don't expect bitcoin to be used as a legal payment tool globally because it is very difficult to happen.

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

True, but that only applies to those who don't like it. If you agree with what WB said then believe me you will end up bad like his opinion on bitcoin.

[goldade]

I do not think there's any country that will easily accept or approve bitcoin. There is no other reason for this than the fact that bitcoin is a decentralized currency which makes it out of the control of the government. The government isn't ready to accept a currency they cannot control.
Although I do believe that it is possible that government accept crypto, I think it will be one they can afford to control. It is possible that governments create their own centralized coin, one they can actually control since the world is moving towards the digital age as time goes on.

[GeorgeJohn]

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

I think that was before, because when bitcoin was launched, so many countries was not interested to adventure in cryptocurrency especially bitcoin because their were not informed and them don't really know the important of it and advantages of it, but currently many countries has adopted the use of bitcoin  because of it's methods of transaction.

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

 
The reason Warren Buffet" said negative thing about bitcoin them is because he was myopic towards features of BTC and his objective is to bring bitcoin down btc its circulating all over the word, If I may ask,does he has any tangible reason before predicting negativity of bitcoin and what are his major points of views before making such comments.

[electronicash]

12 years still is a short time for btc to all the way convince a government to allow to take over their own currency. the fact that they can't control decentralized currency. but given that there are several countries already that recognizes BTC. many will follow in the future, among then is Venezuela that had started using it.

the pandemic i think will speed up governments to move into cashless soon. it might not be long til we see more countries. not really treating btc as legal tender but just having businesses related to cryptocurrency will ignite the adoption in the country.

[F_Societys]

It can be said that Bitcoin has many opponents and governments do not know whether to use it or not.
There are also reports from various countries that use bitcoin for shops, ATMs, buses, etc.
And I think this is a good place to start.

[Quidat]

:)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 doesnt really need to be regulated yet this isnt similar to fiat that can really be easily manipulated and that what makes most governments do really have that
negative look towards it but somehow there are still numerous countries that do accept Bitcoin and other crypto into its vicinity.It might not really be fully regulated
but somewhat they do adopted it by means of payment system.There are leaders of some countries are really just too close minded and doesnt really accept
on what crypto can really contribute on but instead they do focus out on its cons.Dont mind that fucking Warren Buffet because he isnt a God that will really
be concluding up things.

[hatshepsut93]

This just sounds like a really weak attempt at trolling. If you don't want Bitcoin because it's not approved by government or Warren Buffet, then Bitcoin is not for you. Bitcoin was created to give people control over their money, that should be enough reason to use it if you find this feature appealing.

[ChiBitCTy]

This is clearly a troll post here.  So what does "no country has approved Bitcoin" even mean? Bitcoin is legal in most countries on this planet.  The United States plans on rolling out some sort of set of regulations about Bitcoin, but has come out stating they are open to cryptocurrencies and don't want to necessarily try and control it which could put a damper on technological advancment.

Secondly, Warren Buffet may be the greatest stock market investor of all time, but he has no clue how cryptocurrency or bitcoin actually works, and he's stated as much.  Also keep in mind he has reasons for not wanting bitcoin to succeed. The man has heavy ownership in banks which bitcoin directly threatens.  TROLL

[TedMosby]

still no country has approved Bitcoin ??

it is legal here in my country, Indonesia. yes, it's approved by the government.
however, it was approved as a commodity. it's regulated and legal to trade bitcoin here.
just like any other country.

but, if you mean bitcoin as a medium of payment, it's strictly forbidden here.
but since it decentralized and has a strong privacy point, people still used it as a medium of payment illegally, OTC.
I believe it happens in other countries as well.

[Shasha80]

Satoshi Nakamoto's main goal in making Bitcoin was to replace fiat, so that it could become a global currency. But the problem is
that it is impossible for the government to accept Bitcoin that cannot be controlled, so it's not easy to get all countries to accept
Bitcoin. But if Bitcoin is accepted as a digital asset, many countries have accepted this. Then regarding Warren Buffet's statement
that Bitcoin will end badly, don't believe too much, because Warren Buffet is not a god who can know the future.

[2double0]

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

Bitcoin is not someone's father's personal Visa that needs approval from countries. It can freely be transferred (with a nominal fee) to any place without any boundaries and intermediaries involved. What kind of approval do you need more than this? There are countries where the state of crypto is still unclear but a few countries have already welcomed crypto and started accepting it.

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

And I think we should not give his words too much credibility here. If you are a blind follower of him, why are you worried about Bitcoin?

[ChrisPop]

We don't need countries to approve Bitcoin. We just need them not to ban it.

We need businesses around the world to adopt it though. For now we do have a consensus that Bitcoin is valuable and maybe it's a viable hedge in crisis times.

[Broke@$$Joe]

My country has finally legitimized Bitcoin in March 2020, that's when I come to know about Bitcoin cuz I heard about it on my countries mainstream media.
In march 2020 Govt. here welcomed others to invest on any crypto exchange-platform be it physical or virtual, and also Banks here are buying Bitcoin .. to what extent of money/capital I don't know but that's sure they are buying it, I've heard about it from some friends of mine that work on various banks.

[adzino]

:)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"

No country has approved bitcoin? What do you mean? If it isn't approved, then how are people using it to make online purchases? How come there are hundreds on ATM on the street? If it was illegal, there wouldn't be any exchanges and those ATMs would be taken down. There are only few countries that doesn't approve usage of bitcoin.
Now, buy approval if you mean legal tender, then isn't it a little too early to expect bitcoin to take over fiat currencies (like that is ever going to happen in the next few decades)? Bitcoin is still in its infant stage and a lot is there to develop.

[Fatemablabla]

How can you say no countries approved bitcoin yet? I know that many merchants are accepting bitcoin for payment legally in many countries. Last year when I visited Saudi Arabia I saw many bitcoin atm. If the government didn't approved how they are using the bitcoin atm? I think you should do some research before posting anything here. It will save both of ours time.

[bitbunnny]

What does that actually mean for Bitcoin to be approved? Through the years government's attitude towards Bitcoin and cryptocurrency in general changed a lot in positive way. It's true, in many countries isn't regulated yet, at least not in full, but it's freely used in most of countries, acceptance is increasing as well as number of services connected with Bitcoin. So, the progress is visible, we have to admit that.

[ShowOff]

This just sounds like a really weak attempt at trolling.

I hope not because if the OP is really a new user who comes here then this topic is his first writing about bitcoin because the rest is submitting authentication on the bounty thread. Although in my opinion the OP is not a new member in crypto but I will still consider him as a member who does not have much knowledge about bitcoin based on his posting history. But if it's a troll experiment then there's no point in feeding it. Because trolls should be left alone without having to be served and that is a way to weaken them.

[Asuspawer09]

:)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"

What do you mean approved? Basically, I think in countries that bitcoin is legal we can consider that bitcoin is approved in that country since everyone in that country could legally use or buy bitcoin.

We can't really expect countries to approved a decentralized currency like bitcoin, countries have their own currency that they control and they could trust, bitcoin could be an alternative currency. In my opinion, as long as countries are not banning bitcoin its good to go already, the country is going to adopt in the bitcoin technology at some point as long as bitcoin is not illegal in that country.

When it comes to legality I think bitcoin is adopting pretty well as there are only a few countries that banned bitcoin.



Source:
https://commons.wikimedia.org/wiki/File:Legal_status_of_bitcoin.png

[BChydro]

:)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"

The launch date is a blunder and you are quoting an old man who made his money hedging funds and what are you expecting in a decentralized currency, each and every government approving a decentralized currency. It is your choice whether you wanted to invest in it or not and if you are not interested in the market you can leave it alone. The technical aspects is well documented and if there is any asset that gave its investors the profit in the last 10 years it is bitcoin and nothing else.