Bitcoin will be more effective in the future

[Rockstarguy]

Right now in some of the countries Bitcoin is been banned or restricted, when I think of it I do not blame the government why Bitcoin or cryptocurrencies is been restricted because they do not know the value or importance of Bitcoin. Some government officials have never done any transactions, I mean to buy or invest to Bitcoin or to use Bitcoin as a means to acquire goods and services.

Bitcoin will be more effective in the future, because presently people who are more into cryptocurrency are the younger ones (18-50 years in age).
They know the value and importance of Bitcoin. Despite the ban of Bitcoin in some countries, some individuals mostly the younger ones still have access to Bitcoin. I believe will be more effective in the future.

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[avikz]

Right now in some of the countries Bitcoin is been banned or restricted, when I think of it I do not blame the government why Bitcoin or cryptocurrencies is been restricted because they do not know the value or importance of Bitcoin. Some government officials have never done any transactions, I mean to buy or invest to Bitcoin or to use Bitcoin as a means to acquire goods and services.

It is only government to blame for banning bitcoin and other cryptos. Because it all depends on the mindset of the leadership. If you see examples of progressive countries like US or Japan, they are the first ones to adopt the usage of cryptos. Now take an example of regressive leadership like India or Bangladesh, they are seeing it as a threat! So it all depends on the mindset of the leadership on how they want to provide financial freedom to their citizens. It doesn't depend on whether the officials have used it or not! It doesn't have any impact on the policy decisions!

[stomachgrowls]

Right now in some of the countries Bitcoin is been banned or restricted, when I think of it I do not blame the government why Bitcoin or cryptocurrencies is been restricted because they do not know the value or importance of Bitcoin. Some government officials have never done any transactions, I mean to buy or invest to Bitcoin or to use Bitcoin as a means to acquire goods and services.

Bitcoin will be more effective in the future, because presently people who are more into cryptocurrency are the younger ones (18-50 years in age).
They know the value and importance of Bitcoin. Despite the ban of Bitcoin in some countries, some individuals mostly the younger ones still have access to Bitcoin. I believe will be more effective in the future.

Adoption is on the move and  recognition is  getting more bigger as the years passing but it wont be an assurance that there would be a total overall scale of acceptance.Government does have different takings about bitcoins

existence on the first place and i dont believe that they dont know about its  Pro's but  instead they do go with it Con's and been looking into it or more focused and came up to conclusions  on banning or blocking it into their vicinity.

We dont know on what future looks like or what are the thing that would happen along the way not only with Bitcoin itself  but also in other cryptocurrencies as well.

[ranochigo]

Governments aren't dumb. They ban Bitcoin because it is antithetical with their systems, where they are unable to control the capital of their citizens to any extent and being unable to print money at will. In more autocratic economies, they've shifted to currencies that are controlled tightly by the government, with digital yuan as an example. China used to had quite a huge capital outflow and it wasn't very beneficial for China.

Governments will almost never adopt Bitcoin, there is simply no reason to. Giving up a stranglehold on their fiat doesn't bode well for them at all. In the eyes of the government, whatever Bitcoin can do, fiat can do as well.

[uneng]

It's quite the opposite. Governments ban bitcoin because they know exactly its value and importance. Bitcoin is out of their control and everything the government can't control must be banned or destroyed. That is the mindset of people running the governments, because that is actually how they reached at their currently status position: destroying and isolating their adversaries in politics.

Bitcoin can be more effective in future or not. We must observe the imposed regulations and how they will work in practice to conclude if they are making bitcoin stronger or weaker. I just hope some countries don't try subverting bitcoin, so they can become bitcoin heavens for enthusiasts while the rest of the world can implode themselves.

[GeorgeJohn]

It's very obvious that cryptocurrency generally is yielding positively in different societies even without been told the name crypto and especially bitcoin is moving viral, bitcoin is one of the best amongst the digital currencies if not that government is attacking a cryptocurrency industries it supposed to be more influential than the way it's, the challenges of bitcoin currently from my perspective is government of some countries that always arises of degradation of bitcoin in different dimensions, some countries today restrict the adoption of cryptocurrency, and some of them accept the uses of cryptocurrency, so with bad name some countries tagged to bitcoin will definitely slow down the effectiveness of bitcoin in future because right now many people are not relaxing or building trust on btc.

[Sterbens]

It doesn't mean that the government doesn't know the value or importance of Bitcoin for economic growth, it's just that they have a policy that enforces fiat money. Let's see if other countries have started adopting? some countries are still in the selfishness of banning, limiting blocking restrictions. Technically it's a policy where the bankers are behind their policies, income can't be controlled if it's mostly anti-Bitcoin.

While the opposition certainly hopes that the government should give a little more room and try to implement a simple adoption system first before evaluating what is the difference between Bitcoin and fiat money when a country is hit by inflation.

Remember what governments always say to Bitcoin about its threat to financial finance? that's all they do because they can't have control, I'm sure if they can control Bitcoin and the system is not decentralized it will be easier to accept. Just imagine the pros of fiat money against inflation and Bitcoin provides that solution.

[proTECH77]

Government really understood bitcoin, that with time it will dominant as the best currency in the world. Government don't have much power to control BTC price in the country like the way they control fiat money in the country.
Bitcoin will be more effective in the future with the following reasons:
1) it will reduce hardship in the country.
2) it will eliminate unemployment in the country.
3) many customers will prefer bitcoin than fiat money in the areas of investment.  

[DeathAngel]

Like anything successful, with time & more adoption & use cases etc it will be more effective. The first block was mined in 2009 & we already have large institutions on board, millions of people & even a country using it as legal tender. It doesn’t take a genius to see where bitcoin is going.

 

[Rockstarguy]

Governments aren't dumb. They ban Bitcoin because it is antithetical with their systems, where they are unable to control the capital of their citizens to any extent and being unable to print money at will. In more autocratic economies, they've shifted to currencies that are controlled tightly by the government, with digital yuan as an example. China used to had quite a huge capital outflow and it wasn't very beneficial for China.

Governments will almost never adopt Bitcoin, there is simply no reason to. Giving up a stranglehold on their fiat doesn't bode well for them at all. In the eyes of the government, whatever Bitcoin can do, fiat can do as well.

But allowing Bitcoin to function without no panic, it will have more advantage to citizens, it will also be benefit to central bank if exchange..converting cryptocurrency to float , there will be charges for that

[livingfree]

It will for sure.

Those countries just don't like bitcoin for now but they will eventually accept it if they see that the first world countries are giving some nice words about it.

And as of the moment, they can restrict it as much as they want but its progress will never be stopped.

[n0ne]

Right now in some of the countries Bitcoin is been banned or restricted, when I think of it I do not blame the government why Bitcoin or cryptocurrencies is been restricted because they do not know the value or importance of Bitcoin. Some government officials have never done any transactions, I mean to buy or invest to Bitcoin or to use Bitcoin as a means to acquire goods and services.

It is only government to blame for banning bitcoin and other cryptos. Because it all depends on the mindset of the leadership. If you see examples of progressive countries like US or Japan, they are the first ones to adopt the usage of cryptos. Now take an example of regressive leadership like India or Bangladesh, they are seeing it as a threat! So it all depends on the mindset of the leadership on how they want to provide financial freedom to their citizens. It doesn't depend on whether the officials have used it or not! It doesn't have any impact on the policy decisions!

In a grown nation everything is connective, which means each and every purchase made is being recorded and the same generates them revenue out of it. With countries like India and Bangladesh they're not that effective with the financial infrastructure, because the policies and laws are developed in such a way to corrupt.

[Cafex]

For now, there are many governments which are just aiming to restrict Bitcoin's usage field like you said. But I don't think that this will always go on like this. After some point, even the governments of the biggest countries will start leaning towards Bitcoin and they will do whatever they can for people to use it. Maybe not all people think the same way with me but I think it'll happen.

[glendall]

it takes a lot of policies in adopting bitcoin, bitcoin can't be controlled and bitcoin is out of their control and anything that can't be controlled by the government should be banned . because it will cause instability in the country
maybe every leader has a different point of view with bitcoin, there are those who support it and some who really hate it because it will disturb the stability of the fiat of their country. This is the mindset of the people who run the government,

[Slow death]

Right now in some of the countries Bitcoin is been banned or restricted, when I think of it I do not blame the government why Bitcoin or cryptocurrencies is been restricted because they do not know the value or importance of Bitcoin.

they know the importance of bitcoin very well, and it is precisely because they know the importance of bitcoin that they take these measures

Some government officials have never done any transactions, I mean to buy or invest to Bitcoin or to use Bitcoin as a means to acquire goods and services.

no one knows that, government people might be using bitcoin and not say anything, it wouldn't be a big surprise if that happened, because it's normal for government people to lie

Bitcoin will be more effective in the future, because presently people who are more into cryptocurrency are the younger ones (18-50 years in age).

truth

[AliMan]

Right now in some of the countries Bitcoin is been banned or restricted, when I think of it I do not blame the government why Bitcoin or cryptocurrencies is been restricted because they do not know the value or importance of Bitcoin. Some government officials have never done any transactions, I mean to buy or invest to Bitcoin or to use Bitcoin as a means to acquire goods and services.

Bitcoin will be more effective in the future, because presently people who are more into cryptocurrency are the younger ones (18-50 years in age).
They know the value and importance of Bitcoin. Despite the ban of Bitcoin in some countries, some individuals mostly the younger ones still have access to Bitcoin. I believe will be more effective in the future.

This has been effective, not just talks about the future but it's present outbreak that attracts more investors. Those who had doubts in bitcoin, now started to develop their positive possessions in holding btc as their future asset. If I didn't failed during 2017, then holding those coins that spent on dead investment will be worthy for profit now.
Well, that's worst past nightmares and let's now face another chapter which is more effective than before.

[taufik123]

currently bitcoin is only a profitable investment tool and bitcoin is only a speculative asset. Not really used as a transaction tool as it should be. Due to high price fluctuations, bitcoin becomes a high-risk investment asset, but if you can take advantage of it, you will benefit from each fluctuation.

Currently, people from all walks of life and all ages have started to know bitcoin and have started to enter to invest. Some countries have legalized bitcoin. In the future bitcoin will be the most valuable digital asset because the amount is very limited.

[lalabotax]

Of course, it may be more effective in the future.
however, we don't know when the future is exactly, what years.
And so far, the regulation about cryptocurrency in each country is always changing and developing.
Many more countries are accepting crypto and make it legal.
However, some may still ban them or don't legalize crypto as digital assets or even a currency.

[Dave1]

Right now in some of the countries Bitcoin is been banned or restricted, when I think of it I do not blame the government why Bitcoin or cryptocurrencies is been restricted because they do not know the value or importance of Bitcoin. Some government officials have never done any transactions, I mean to buy or invest to Bitcoin or to use Bitcoin as a means to acquire goods and services.

Government banned bitcoin because of not some officials has never done any bitcoin transaction. Government banned it because they think that bitcoin is a threat to them, i.e. capital flight, being used by criminals, etc.

Bitcoin will be more effective in the future, because presently people who are more into cryptocurrency are the younger ones (18-50 years in age).
They know the value and importance of Bitcoin. Despite the ban of Bitcoin in some countries, some individuals mostly the younger ones still have access to Bitcoin. I believe will be more effective in the future.

It's good that the X and Y and Z generation are into bitcoin, but doesn't matter what age bracket bitcoin is being used. Eventually everyone will see the advantages and the potential of bitcoin.

[Dhaniii]

Right now in some of the countries Bitcoin is been banned or restricted, when I think of it I do not blame the government why Bitcoin or cryptocurrencies is been restricted because they do not know the value or importance of Bitcoin. Some government officials have never done any transactions, I mean to buy or invest to Bitcoin or to use Bitcoin as a means to acquire goods and services.

Bitcoin will be more effective in the future, because presently people who are more into cryptocurrency are the younger ones (18-50 years in age).
They know the value and importance of Bitcoin. Despite the ban of Bitcoin in some countries, some individuals mostly the younger ones still have access to Bitcoin. I believe will be more effective in the future.

the government has not been able to control and control the movement of bitcoin which is so strong, therefore I see the government is worried about inflation of the local currency. so from that I think the government is trying to limit the use of bitcoin as a transaction tool.