Quote from: Kprawn on May 02, 2018, 03:09:03 PM

Quote from: boyptc on May 01, 2018, 03:01:37 PM

Quote from: ov3rflow9x on May 01, 2018, 01:59:48 PM

I really don't think that btc will be possible to do strong influence on some countries economics, even if they legalize it through the time.

You can say this because you haven't experienced it but take a look at those countries like Japan and study on how did bitcoin contributed to their economy.

Quote from: Kprawn on May 01, 2018, 02:41:41 PM

So what commodity is backing the Philippine peso? and yet, it is still being used as a currency. Roll Eyes

I am so sick of these

governments that are making stupid statements like this. Roll Eyes

Bitcoin is a commodity and it is also a currency, so they

should just accept that and regulate around it. They are missing an huge opportunity to "double" tax it for both purposes. Tongue

They are playing safe and they don't want to be blamed once the citizens invested and later on the price goes down. Instead of encouraging people to support crypto's, they don't but what's good about them is they are not banning it.

How do they prevent a global collapse in stocks and Bonds and other commodities? The US has already started to regulate

Bitcoin as a commodity and they are looking at pegging Bitcoin prices to local {regulated} exchange prices to protect the

consumer. They also built in fail safe measures into Bitcoin futures to protect the consumers. The same things should happen

with Bitcoin in other countries. They should find innovative protection measures to protect consumers/investors. Wink

They aren't even interested of promoting bitcoin, they just legalized it but they don't have plans to look for something that can protect the bitcoin / crypto investors.

As I've said they aren't encouraging investors instead they give warning on how volatile bitcoin is.