Post
Topic
Board Bitcoin Discussion
Re: Digital money or virtual currency?
by
Qwerts
on 15/09/2018, 16:58:06 UTC
Hello friends.
I have a problem to share.
My country is average. They are too familiar with outdated and old technologies.
In my country many people still understand Bitcoin as virtual currency. BTC does not bring anything to life. They just think Bitcoin investment is gambling, chance, black red.
Why?
Why do not they look at Bitcoin, ETH or blockchain technology for the present.
Blockchain minimizes transportation costs, intermediates and risks.
Personally, I always try to absorb and learn nonstop.
And you? How is your country?

It is simply because they lack the knowledge to understand bitcoin. In my country, it is not illegal but it is also not regulated that is why people do not accept it yet. They think ghat it is illegal because it is not known and widely accepted, this is the misconception about bitcoin. It opens a lot of opportunities to people and it financial services easier. I'd say it is a digital money as of now, but in the near future, it will become widely accepted as a virtual currency and will be regulated worldwide.