Post
Topic
Board Bitcoin Discussion
Re: All eyes on Japan in 2018
by
Kemarit
on 28/12/2017, 18:33:49 UTC
Unfortunately it does not look like Europe is following the same approach towards Bitcoin and cryptos in general. In short they want to get rid of the anonymity of transactions, and I wonder if people will keep getting into cryptos if you have to declare every year on your tax return your assets in crypto-currencies.
If we look at the bright side, Europe is not really big in the crypto world.

Nah, forget about Europe mate. They hate bitcoin and crypto's. Only few countries are going to support it and most of them thinks bitcoin is just a bubble and threatens their financial stability. LOL. They really don't understand how bitcoin works and all they think is that it will be just used for illegal purposes. Plus, they have lots of problems to deal with so I don''t think that accepting bitcoin would be their main priority.

And as HasHe mentioned above, the fees concern is still not solved. Countries can be as friendly as ever towards Bitcoin but if it costs too much to make a transaction, only criminal organizations will keep being interested to hold some for high amounts payments.

That's what you love about the Japanese though, they are truly a bitcoin haven, and even though that the fees are getting ridiculous they are still into it, because they have embrace and legalize bitcoin. Criminals might hold bitcoins, but there are a lot of bag holders as well who are still into bitcoin no matter what the cost of transactions. I guess its really part and parcel of bitcoin becoming very popular this year. We need to have patience and wait till Lightning Network can be implemented. Although there's no clear timeline as to when it will be activated.