Quote from: Xester on January 20, 2017, 01:45:07 PM

Quote from: bravehearth0319 on January 20, 2017, 12:39:43 PM

Quote from: erickkyut on June 06, 2016, 03:23:58 PM

Are there countries that do not accept Bitcoin? I mean no idea regarding it. What do you think will happen to Bitcoin 5years from now? I'm not asking you to be a psychic to see the future. I'm asking about your idea about Bitcoin's future. TIA!

True that many of the countries by now are still blind in the system of bitcoin has. Though in some countries they banned bitcoin, those countries that who banned bitcoin I think 5 years from now they will revoke their laws about it, like what China's did before in bitcoin they banned it but all of a sudden til the present time now China is one of the largest bitcoin mining farm have worldwide.

The reason why countries banned bitcoin it is not so much that they hate bitcoins but the main reason aside from money laundering it is also used in the black market. Illegal activities are rampant using bitcoin and the government thinks that to stop this problem is to ban bitcoin in their country. China on the other hand though they experience tax evasions and money laundering using bitcoin they have found ways how to stop it and continue to do bitcoin business.

That is exactly what the governments wants you to believe - Bitcoin is used for this and that illegal activities and yes, it is, which of the currencies or monetary instruments have never been used for illegal activities? In the case of Bitcoin, the governments are simply clueless what to do with it, because they never saw it coming. So blackmail it became a choice, but the truth be told, the governments are truly scared, Bitcoin is going to undo their local currencies and by extension their powers - nothing short of that!

Imagine for a moment when it is not possible to know the net worth of people you are supposedly ruling or what projects they are channeling their funds to, that is their nightmare and it is a pity they can't help it, because Bitcoin is already revolution.