Post
Topic
Board Economics
Re: Why Bitcoin is not that good as currency?
by
Memminger
on 09/11/2019, 08:33:06 UTC
1. We already have a lot of physical currencies and they appear useless in front of bitcoin.
2. There are countries where bitcoin is legal then there are those governments who are still sleeping in this matter.
3. Legality and mainstreaming is just a matter of time.

1. I'm a cryptocurrency enthusiast, but I must say that fiat money still has more use than Bitcoin to this day. And we might have to wait a few more years to confidently say that Bitcoin is way better than fiat money. Disclaimer, we are talking about "usefulness".
2. It's because they have to deal with more important matters than Bitcoin.
3. Agreed.

1. Erteria and Japan are frontiers who adopted cryptocurrency
2. Even democratic countries not trying to adopt it.

1. I've heard Japan adopted it some time ago, but this is the first time knowing Eritrea adopted it as well.
2. Democratic countries are probably the most "political" driven type of government. So I think, other matters are more of value to them than to just take their time on cryptocurrency--Bitcoin at the very least.
Japan did that long ago because that country understands technology very well and it understands this fact that crypto currencies are the future. The earlier someone adopts it, the more benefits he will be making from it. It is just a matter of time before other countries of the world also adopt bitcoin like Eritrea. You are also very right about democratic countries. They are busy in other games.
Japan can adoption many technology in their country and make bitcoin and altcoin become very easy for legal there, Japan the only one Asian country  friendly for bitcoin become currency payment, if you travel to Japan you can ready your bitcoin assets without convert with cash money with several part of Japan place have accepted bitcoin.
You can even pay for an airline ticket there if I remember correctly through Bitcoin. If we are talking about Bitcoin being legalized then Japan is on top of the list but there are also country who aren't that strict but just warning the use of cryptocurrency like the high volatility which would be quiet a risk to those beginners who dive straight into the cryptoworlf without prior research for and familiarizing how the market behaves which is different in the stock market in a way that the price may fall so much low or vice versa.