Quote from: jaylhynne018 on April 23, 2018, 01:41:11 PM

Quote from: jonas5222000 on February 22, 2018, 02:53:15 PM

I wonder,that the other country didnt accept bitcoin.

we all know that more on countries didnt accept bitcoin as a currency but i think someday it gonna make sense to them to accept it.

There are a lot of implications before a country accepts something as their currency. In our case, fiat (or paper money) has been accepted by all countries as the standard medium of exchange since the government of each country views it as the national currency (acceptance) and there is something that backs up its value (which is gold). Another thing to consider is the economic discrepancies among countries. As developed and underdeveloped countries exist, adopting a digitalized currency may be prejudicial to underdeveloped countries as they have priorities to consider before adapting this kind of technical and expensive change.

Quote from: Ethan Argu on April 23, 2018, 02:00:06 PM

Yes. Here in the Philippines bitcoin is the most popular when it comes in cryptocurrency exchange. Manu businessmen are trying and working hard to invest in bitcoin. In somw neww papers, tabloids and broad news papers are open to discuss the average of tendecies of bitcoin in our country.

I do agree. Our BSP (central bank) has considered bitcoin as property and not as currency- thus not subject to legal tender. Our government views bitcoin as something that is not a threat and they explicitly mentioned that they may soon adopt and support its implementation.