Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is difficult to accept in countries
by
yohananaomi
on 28/12/2019, 20:01:11 UTC
at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.
Countries are avoiding Bitcoin at this point because it isn't that big in scale. Therefore, considering it right now won't make much a difference. Whereas Blockchain is a technology which has potential to disrupt many sectors and hence, is hugely discussed topic around the world. Moreover, Bitcoin hasn't been that successful when it comes to payments and it is decentralized as well. Because of which not many countries with complex monetary policies will prefer it.

maybe not all countries will do the same about bitcoin and blockchain technology, because of course regulations or rules are needed to be able to regulate all of that. I agree that bitcoin has not really been successful in terms of payment and decentralization, because every country especially developing countries have not been well connected by internet technology which is a separate obstacle. but with the continued development of technology all countries will have to be willing to accept bitcoin and blockchain.