Quote from: qwertyup23 on October 09, 2017, 10:12:36 AM

Quote from: raymart0720 on July 29, 2017, 03:52:48 PM

Can you guyz vote if what are we doing now is legal or not
Coz these can be a serious like having a marijuana or drugs in our pockets

And if these bitcoin became a currency i think it will be have a tax and
Why do we eager to earn virtual money than real money.. simply because the rate is higher than the real ones and it is easy to earn if i am not mistaken😎

What you guyz think

Newbie

Bitcoin is not itself illegal, but what makes it prohibited from other countries is its composition being decentralized. Due to this, people are taking advantage of it by using it as the main medium of exchange under the dark web for illegal transactions. There are quite a number of countries who ban the usage of bitcoin because there were reported to be numerous cases of it on their country. The bad part is that, this creates a stigma on the reputation of bitcoin, thus decreasing the chances of attracting new investors and users thinking that bitcoin is illegal.

It seems to me that money laundering using bitcoin in fact it happens much less frequently than is the case with Fiat. The reason for the spread of such rumors and prohibitions quite different. Governments control their citizens through Fiat. At any moment they can devalue money and blame a dissatisfied power. Monitor people whose income is not dependent on the government is much more difficult. This is the main reason why governments ban bitcoin.