Quote from: Colt81 on June 21, 2017, 11:34:07 PM

Quote from: HaXX0R1337 on June 21, 2017, 11:23:14 PM

Quote from: Despacito on June 21, 2017, 10:45:03 PM

This is the existing problem why bitcoin can't be legit all around the world. Us, its supporters, need to know that bitcoin will not be a a legit system soon.
The governments don't like bitcoin and its uncontrallable features.

Governments all over the world will legalize bitcoin pretty soon,which means that they will bring in more rules and regulations on how things work with the exchanges and how people could send money and the restrictions imposed and so on,so what i feel is there will be more restrictions for bitcoin in the name of legalization.

Actually, bitcoin is a legal currency. I hink you are just pertaining for the government's support. Regarding that, they'll do it as time goes by. However, it's quite difficult to happen since it's decentralized that competes with fiat money in which government can regulated it.

We have long past the legal phase and we are currently in the acceptance phase with more and more countries starting to accept and regulate it. After that comes the support phase where I think some countries will support it and others won't.

I don't think bitcoin really competes with fiat but rather works well alongside it, at the end of the day it will never be a replacement for cold hard cash and some governments will realize that and actively support it others will remain skeptical.