Post
Topic
Board Economics
Re: Legalizing Bitcoin
by
mornabo
on 01/12/2017, 16:56:27 UTC
Governments can easily legalize bitcoin by passing a law, but I think it would be difficult for them to control bitcoin transacctions since bitcoin is anonymous. For users it would be clarifying in order to change bitcoin to fiat, but if the network can function by itself and make transacctions p2p I don't see what the role of states will be and what justification they can invent to tax activities.

Actually this is main reason. Governments know better what the advantages bitcoin is carrying along are but they only waiting for the time that may be in upcoming future bitcoin’s feature i.e. decentralized would be changed and all these governments can control the yes and no of bitcoin. But we hope a time come in near future when all this happens and we would be enjoying the perks.
Well I think bitcoin will be lucky when all the countries make bitcoin legal because its will be good for bitcoin if bitcoin become legal so the users will be increased and some investors and traders will also be increased and as some countries have already make bitcoin legal so their benefits are high than any other countries because bitcoin is accepted in their banks and transitions are also very fast so I wish bitcoin will be legal in rest of countries soon.
of course it's not only beneficial for bitcoin, but it will also benefit all bitcoin users, think about what will happen to bitcoin prices if bitcoin is legitized in different countries. of course there will be many people who then believe in bitcoin and of course will happen mass adoption and make the price of bitcoin soaring high