12 years and no country has approved Bitcoin ??

[buwaytress]

Bitcoin penetration in Japan is very good. As we know that Japan has been trapped in a downward spiral of deflation for decades, this has made the economy in Japan less excited. Japan decided to adopt bitcoin as an alternative to facing Japan's economic problems, because of the benefits it received from bitcoin trading, spurring people's income and in the end, it could strengthen the desire for consumption which would boost Japan's GDP.

In addition, Japan took the momentum when major countries in Asia rejected bitcoin, so that many bitcoin investments entered Japan, as evidenced by bitcoin trading with Yen, the second largest in the world. The main target for the adoption of bitcoin in Japan as a legal tender is to change the consumption pattern of the people from like to save to like to invest and spend, which in the end could be a solution for deflation in Japan.

As much as I like this narrative personally, I don't think it was as nice a story as that. MtGox happened in Japan (biggest exchange scandal ever) and I recall a lot of inward grief from the Japanese authorities who felt that they could have and should have done something to prevent this.

The govermnet mobilised really quick to handle the case, and the laws and recognition of Bitcoin coming soon after were almost a direct result of that stain on their record, so to speak.

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[witcher_sense]

Generally, many countries refuse to approve bitcoin as a currency due to the fact they cannot control it. The system where bitcoin is used as key currency will be similar to that we had before gold standard was abolished. But this time, things may get worse. Bitcoin is intangible, it is hard to confiscate, it is almost impossible to centralize in banks' vaults.

More importantly, its total supply is predetermined, you cannot print more at will to finance war crimes. Bitcoin is a currency for peace, not for wars.

[MCobian]

We must be patient so that Bitcoin can be accepted in all countries of the world, now many countries have started accepting Bitcoin as
digital assets. Meanwhile, the number of countries that accept Bitcoin as a means of payment is still very few. But if you look at Bitcoin
which is only 12 years old, development is now including fast. Because the 12 year for currency is still relatively short, for fiat alone it
took thousands of years to be accepted worldwide.

[ice098]

Generally, many countries refuse to approve bitcoin as a currency due to the fact they cannot control it. The system where bitcoin is used as key currency will be similar to that we had before gold standard was abolished. But this time, things may get worse. Bitcoin is intangible, it is hard to confiscate, it is almost impossible to centralize in banks' vaults.

More importantly, its total supply is predetermined, you cannot print more at will to finance war crimes. Bitcoin is a currency for peace, not for wars.

Yes bitcoin was not controlled by any countries around the world, this means that this is decentralised and volatile. Maybe one of the reason why no country has approved bitcoin because maybe they think taht BTC may become a threatened to their economy. And i didn't know also why some announced that bitcoin was a scam well perhaps this is just an alibi of the government or maybe they are just studying and having a resaerach about bitcoin.

[acdc]

I think bitcoin is very difficult to be accepted by governments as a currency. Bitcoin is decentralized and nobody can govern it, governments don't like it.
Perhaps in the future bitcoin will continue to act as an asset rather than a currency.

[Maslate]

I think bitcoin is very difficult to be accepted by governments as a currency. Bitcoin is decentralized and nobody can govern it, governments don't like it.
Perhaps in the future bitcoin will continue to act as an asset rather than a currency.

It can't be officially announced or accepted as a currency but allowing their people to use this is good enough to say that we are even closer to their approval. It was not a hard push for everyone to consider Bitcoin as a legal currency that we can buy stuff either online or offline. No, it is not, Bitcoin is intended only for the online platform and so country leaders would hardly to decide and accept it.
Look at OP, Warren Buffet have to sense at all. he is now living on his unreliable statement that no one will able to trust him and believe what he says. So better to unfollow him, it is not helping you to understand crypto.

[shoreno]

2007 realy huh ? so what i read on the past was wrong because they state that btc was launch at around 2009-2k10 and so many users that said that btc was only 10yrs old but was that an important issue to debate with? no matter what year , what important is that btc still done a great job of encouraging people to go cashless and go venture the world of decentralization . 10 or 12 yrs, thats long enough if no single countries accept btc but you think the price will shoot up if no one accepted btc ? forget about warren he is just one of many insecure personalities in this scene .

[pawanjain]

:)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"

Buddy, you seem to have a wrong perception about bitcoin. Bitcoin was created so that the Governments and Banks cannot control our money.
It should be us to control our money. Bitcoin is serving it's purpose very well and it does not need any approval from any country.
There are people who accept bitcoin and provide their services and there are merchants who accept bitcoin.

Also, I would recommend you to read the bitcoin whitepaper as you will get more insights and a better understanding about bitcoin.

Bitcoin Whitepaper

[pragna]

:)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"

I think there are lack of information in your comments as many government body and big banks like Swiss, US central bank accepting BTC as custody. Even many tourist zones, Hotels now accepting BTC, ETH. As it new to economy and decentralized program governments needs more time to realize its function and hope it will explore more and more within short time.

thanks.

[Velvet78]

They didn’t approve it because bitcoin emerged against local currencies and states were not able to control the bitcoin stock market. Despite this situation, governments have already started working to issue centrally-controlled and state-sponsored cryptocurrencies.

[semobo]

Lot of countries made cryptos as legal but not as legal tender since each and every country has its own toilet paper as currency so it is supposed to be only used in their opinion.But some countries made it as legal in terms of digital assets which is still legal right and you can use it for any purposes other than illicit activities. To use bitcoin you need privat keys not the approval of your government.

[abel1337]

:)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"

Buddy, you seem to have a wrong perception about bitcoin. Bitcoin was created so that the Governments and Banks cannot control our money.
It should be us to control our money. Bitcoin is serving it's purpose very well and it does not need any approval from any country.
There are people who accept bitcoin and provide their services and there are merchants who accept bitcoin.

Also, I would recommend you to read the bitcoin whitepaper as you will get more insights and a better understanding about bitcoin.

Bitcoin Whitepaper

Right, Bitcoin serves its purposed right by not making government and bank control money, Instead we users have the chance to make our money decentralized and use it at our own will. The community keeps growing and growing upon time and even if not half of the world is using it right now, The important thing is as time passes people are starting to realize why bitcoin is invented and what is its purpose.

[DoublerHunter]

:)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"

^ Different countries have a different perspective view on bitcoin and other cryptos. Some of them banned bitcoin but vast of the majority and most governments are there is no such rule and they are neutral to it. But as you can see, there are certain countries that realized how bitcoin will work and how it will function, their curiosity will explore, and probably they will take advantage of what you been advised. Nevertheless, as of now, they saw how useful this is not only during the pandemic, a cashless society is very important.

[DooMAD]

If someone is looking for approval, it means they're asking for permission.  We're not asking for permission.  We don't need it.

In fact, Bitcoin almost certainly works better without being "approved".  Because, generally, in order to get permission to do what we do from the state, you have to make certain concessions.  Compromises that would make Bitcoin weak and ineffective at what it does best, which is that no one can block you from transacting with whoever you want. 

You know who's got permission? 
PayPal.  They can block your payments if the state tell them to.
Visa.  They can block your payments if the state tell them to.
Mastercard.  They can block your payments if the state tell them to.

Starting to see a pattern?

[Yatsan]

:)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 when you have said approved? Do you mean to fully adapt on using Bitcoin? There are already countries who have legalized and accepted Bitcoin usage. But if you do mean that approval seeks to turn Bitcoin into their national currency, then it is far beyond impossible for each and every country have their own national currency and that serves as an identity of a country just like their sovereign they have.

Also, why do you take advices or suggestions coming from any famous personality when you can decide and see it on your own that even after every struggle that Bitcoin takes, it always keep up on doing recovery. If you are really into Bitcoin, then just believe on what you can see on your own and not by other people. You have your own mind so better make use of it and do be reliant into other people's opinion.

[btc78]

:)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"

I am just Wondering on all your post is Pure Bounties and it can be checked here

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

But you come here to Post this?you have not even Join and Bitcoin paying bounties but your concern is the approving of bitcoin?

why not Stay in your Bounties and let Bitcoin community without Fud creating.

They didn’t approve it because bitcoin emerged against local currencies and states were not able to control the bitcoin stock market. Despite this situation, governments have already started working to issue centrally-controlled and state-sponsored cryptocurrencies.

yup and we can see that even banks are starting to adopt crypto currency.

[btc-facebook]

They didn’t approve it because bitcoin emerged against local currencies and states were not able to control the bitcoin stock market. Despite this situation, governments have already started working to issue centrally-controlled and state-sponsored cryptocurrencies.

It is a fact that will happen, in the end many countries will make their own cryptocurrency, and at that time decentralization will be questioned in cryptocurrency.
but I am sure even if that happens, bitcoin will still exist because many people prefer decentralization to centralization, and bitcoin does not need to be approved by the state as long as there are still many communities that support this technology.

[pankaj1234]

cryptocurrencies are very unusual product happens when every country make their own crypto. It is used for online payment or transfer from one to another then why should use bitcoin it will be their country own cryptocurrencies. So it is very hard to say what is going in in the mind of countries supremo. In some countries you can purchase legally through bitcoin. Lets see what happens but one this I like to say bitcoin has make a place in whole world and lots of money has been invested in btc arround world.

[DrG]

Ahh, good old Warren Buffet. A man that I was told to respect when I was a child. A man that I did respect until I found out what a lying 2 faced pony soldier he was. He campaigned against the oil pipeline saying it would spill oil when the reality was that his rail lines have more oil spills than the pipeline would likely incur. He also champions curbing green house emissions but has no problem flying everywhere in a private jet.

People only listen to him because he has money and can move the market.

[coolcoinz]

What do you mean by approved? The way I see it, if something is legal it also is approved. Up to thispoint at least half of the countries around the world have recognized Bitcoin as an investment or a financial instrument. I don't understand what OP is ranting about, but you can go to almost any EU country and be able to trade Bitcoin, use a Bitcoin ATM, be able to report a bitcoin theft to the authorities...