Post
Topic
Board Bitcoin Discussion
Re: Do America and England follow bitcoin?
by
Pattberry
on 22/01/2017, 22:40:07 UTC
It is said that strong states in cyberspace such as the USA and England are following the bitcoin. Is this true?

yep
as for user adoption.. UK and US are the power houses.
..developing countries are well behind and struggling due to things like tx fee's pricing them out of seeing utility in it (a tx fee can be a couple hours labour in some developing countries)

as for mining.. asia and europe are are power houses.
..western countries just cant afford the cheap manufacturing of asics or the cheap labour and cheap electric to beat the east

as for services, merchants.. US, canada and europe are the power houses.
.. again eastern/southern countries cant afford the utility of buying things with it due to fee's
what kind of transaction fees are you talking about.Is transaction fees such a big issue now a days.It might be an issue years down the lane but not right now as you can send your coins with minimal transaction fees but the amount of time it would take to get the transaction through is really huge as it is taking hours to confirm the transaction.