12 years and no country has approved Bitcoin ??

[imstillthebest]

Lol. You don't expect the government to approve or legalize a currency it cannot control. Seriously? Crypto was created to evade government and institutional control, not the other way round.Many corps and vending platforms like Newegg already accept crypto. That to me is enough blessing.

We do not need to fully need approval from the government to adopt cryptocurrency as a legal currency, but at least with the existence of cryptocurrency which can be accepted in some shops or online stores, it means we can use it to make payments.
Even so, legalization from the government does not mean it is no longer important
The role of the government can accelerate growth by legalizing it, but cryptocurrency will continue to run and continue to be used even if it does not get permission from the government.

isnt it scary ? what if your government declare a btc ban and you still continue of using it on your business and one day a government official sees your shop with a btc accepted here sign . you can get in serious trouble with that , thats why there are people or country that are scared to use btc on thier own without the first move done by thier government . not only its safe and no worries to use btc once it approved by higher authorities , the adoption can also be easily achieve because no single people will have fears and doubt of using it because the announcement came from the govts themselves

[Marina5]

Ever since I got acquainted with Bitcoin, I have heard that Bitcoin will be gone forever.  But the price of Bitcoin is increasing day by day and also the uses of Bitcoin.  Thinking about the future, I think gradually everyone will accept it.

[witcher_sense]

isnt it scary ? what if your government declare a btc ban

From my point of view, you shouldn't be worried that bitcoin will be banned in your country if your government is respecting and protecting the rights to freedom of speech. Bitcoin is a code that contains only letters, numbers and symbols, nothing else. The Bitcoin code is in essence a means of expressing one's thoughts. It is a speech, a free speech. For example, in the US the free speech is protected by the first amendment. You have a constitutional right to use bitcoin, because it is a speech that threatens no one meaning it could be protected under the law. In those countries where constitutions don't work as intended, where constitutional rights aren't protected and respected, where the very existanse of the rights is consistently ignored, it is not protected under the law, however, it is still impossible to ban a decentralized network.

[travwill]

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.

But neither has prohibited and cannot forbid. In each country, one way or another, there are different methods and methods for withdrawing cryptocurrency into fiat currencies. This significantly expands the financial functionality of people and also opens up additional financial opportunities. Without these opportunities, people would be too tied to the standard financial system and have a much wider range of restrictions than they are now. Cryptocurrency reduces government control over people.

[Reatim]

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.

Contented? Of course we must not feel contented because if does then we had already admit that this is the only value we can achieve?
remember that the progress of the whole crypto market and community Lies on how far we will travel and how much we can achieve.
and we cannot have any big development if adoption wont happen,lets forget about the government adaptation because indeed it will take long but at least we encourage more people to learn and try using crypto for their own good and of course ours.
Soon after this we will surely grow and the prices of crypto specailly bitcoin will go forward and reached another All Time High like what it did in 2017 and the past years also.

[Dorodha]

It is a virtual currency with no controlling country no organization no bank it's very difficult to predict the longer term. nobody can say which to go Bitcoin is decentralized and nobody can control it. Many countries support the govt but they're unable to regulate it completely. Bitcoin is against the law in most countries legally it's no agency no financial institution controls it. Its medium of exchange is ongoing as a results of its global use by individuals or entities although the transaction is extremely convenient it'll take an extended time to be fully valid.

[carter34]

The government is not a friend to whatever they can not monitor or control and that is what government should be about for the guide for people because most government think bitcoin isn't a good innovation for the society. Bitcoin is decentralized and won't be controlled and some countries ban the use while some countries didn't ban it. So not all the country made ban on bitcoin, countries around Europe are accepting the use.

[AakZaki]

But neither has prohibited and cannot forbid. In each country, one way or another, there are different methods and methods for withdrawing cryptocurrency into fiat currencies. This significantly expands the financial functionality of people and also opens up additional financial opportunities. Without these opportunities, people would be too tied to the standard financial system and have a much wider range of restrictions than they are now. Cryptocurrency reduces government control over people.

The government does not have control over the cryptocurrencies that people hold. However, for several countries that have regulated and legalized the use of cryptocurrency, each transaction and asset value will be calculated and will be taxed for the owner of the asset.

However, for some developing countries, such as in my country, Indonesia, cryptocurrency is only legalized as commodity trading and is not allowed to make legal payments such as payments using the national currency.

Bitcoin is a future financial technology that has many advantages and also some disadvantages that need to be developed. Many large companies are starting to adopt bitcoin and some of the other big companies will certainly take part sometime in the future.

[wxa7115]

Bitcoin doesn’t need governments to fall in love with it. National currencies are in a whole new world of trouble now with a great recession brewing, people with flock to bitcoin to preserve their wealth. Govs will have no chooce but to get bitcoin friendly or get left behind.

I really think we are going to see the governments and the people clashing out on the subject of cryptocurrencies, when we finally see a collapse of fiat currencies around the world people are going to want to protect their wealth which is completely natural and they will find in gold and bitcoin good options to do so, but governments want you to keep using their currencies so I have no doubts that at some point cryptocurrencies will become illegal.

However just as what happened to alcohol on the US the will of the people will make prosecution impossible as they will consider the law unfair and governments will eventually accept cryptocurrencies as it will be more profitable for them to tax them than to try to arrest every single person dealing with them at the time.

[gurjasmeetsingh]

I agree, bitcoin was launched in the year 2007. Although many countries have approved or centralized crypto currency. But l think lot of  countries have not interesting & think  about this currency, due to decrease the revenue of their  countries. But l think it will be coming day to accept & centralized this currency in the future. I think so.

[k@suy]

I agree, bitcoin was launched in the year 2007. Although many countries have approved or centralized crypto currency. But l think lot of  countries have not interesting & think  about this currency, due to decrease the revenue of their  countries. But l think it will be coming day to accept & centralized this currency in the future. I think so.

The number of countries who have not accepted bitcoin are greater than the countries who are now using the bitcoin as part of their paying methods and etc. it's because crypto currency still hasn't achieve it's goal which is to be promoted by a lot of users around the globe. There are crypto currency users are already contented on using it without promoting because they believe that crypto currency will be known around the globe in the right time.

[Zemomtum]

Such will never occur anytime soonest, No Government will officially adopt BTC as a mode of payment since it cannot be controlled. We are in the era of a decentralized economy and the sooner they realized this, the better.

[tanjiran]

---
However just as what happened to alcohol on the US the will of the people will make prosecution impossible as they will consider the law unfair and governments will eventually accept cryptocurrencies as it will be more profitable for them to tax them than to try to arrest every single person dealing with them at the time.

Moreover, cryptocurrency is not something that can be controlled and bound by full government regulations. So it's natural that until now crypto-related laws are still like this. For me this is not a problem, the longer people understand that cryptocurrency is an alternative in a very effective financial system, as an investment product, an alternative payment, trading commodity, etc. The government has also adjusted this because it cannot be denied that cryptocurrency provides many benefits besides its controversial system so that rules are made to "limit" the bad effects of crypto so that its good effects can still be used even with a warning that the risk is high.

[worldofcoins]

:)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"

Actually, bitcoins aren't much familiar to us. Many of us are still not aware of cryptocurrencies, so we don't care if it is getting accepted.
The main point is each country want to use their own currency because it makes them secure and safe, while bitcoin is too many risky and there high chances of losing money.
Anyways bitcoin is decentralized, and government can never make it legit since its volatilization makes it uncontrollable.

[Tamim121]

:)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 approved or accept or legal Bitcoin because they can't control Bitcoin. They can trace its transaction. They can't get any tax or fee from it.
In my opinion Bitcoin will not end. This is the most popular and potential coin. Hope that one day every government accept it as a digital currency of their country.

[vaultman]

Rumor has it that Bitcoin was created by the American government, but these are just rumors. With the statement of Warren Buffett, I completely agree about Bitcoin. Every year it looks worse and worse against the background of alternative cryptocurrencies. Someday investors will think about it and the price will fall down.

[Sapphire915]

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.

You are right. The governments are so hesitant and even refusing to bitcoin adoption but they can't control the people that keep on using, trusting and believing it. People can still find some ways to access bitcoin no matter how against the Governments are with it. Peoples beliefs are uncontrollable, same as bitcoins movement which is very unpredicted and so popular.

[gantez]

Bitcoin was created as a decentralized currency so in my opinion it does not need government approval for us to use it, Bitcoin is constantly evolving and still improving for the future. For me as long as I can use it properly and it helps the majority, there is nothing wrong if we continue to enjoy it.

Maybe op is expecting announcement from a certain country that they have totally shifted out from there fiat use to bitcoin, I think this may not happen or is not the way for it. Bitcoin is already in use in many countries of today while they still retain the nationality of their 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.

Governments still accept bitcoin as an asset, they don't accept bitcoin as a currency. This has been around for a long time and shows no signs of improvement, partly because the government is unable to regulate bitcoin partly due to its constant price volatility.
I think it takes a very long time and a lot of effort for bitcoin to be accepted by the government.

If the government will only consider a currency the one that they created, then we can't do anything about that but to give bitcoin an acceptance regardless of how they called it, I think that's a good news already as bitcoin will remain useful according to its real purpose which is an online payment system or an online currency, the treatment could be different from different government but its purpose will remain as one.

[kayvie]

:)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"

There is a good reason behind this, bitcoin is a decentralized coin. It means that it can't be controlled by the government. The government of each country wants to control everything they approved or allow inside their country, and since it is impossible for them to control it, they can't just approved it.