Re: Using bitcoin for transactions in country where it is illegal.
If we are really good citizens, we will not use, not invest in bitcoin when it is considered illegal in our country. We have not been good citizens in the first place by using bitcoin and even using it to evade taxes.
If our country bans bitcoin, we better avoid anything that is considered illegal and that is the only way to protect ourselves. Don't expect the law to protect or condone our behavior when we know the law but still intentionally break it.
Governments don't care about us, don't serve us, but Bitcoin serves us from its root. So between Bitcoin and government, I will choose Bitcoin but I have to research on how to purchase Bitcoin, store it, and use it in a safe method, to avoid problems with governments legally. If our country bans bitcoin, we better avoid anything that is considered illegal and that is the only way to protect ourselves. Don't expect the law to protect or condone our behavior when we know the law but still intentionally break it.
If I can find good method to do it, why do I ignore a very good opportunity with Bitcoin?
It's what's happening around the world, with exponential growth of Bitcoin users with time.
Bitcoin adoption S-curve
Quote
So now everyone is asking when. This is also a well known phenomena via the adoption S-curve.
16% is early majority, 50% is late majority. Wealth management is somewhere in this sector.
So figure out when BTC adoption enters 16%-50% world adoption based on the yellow line.
16% is early majority, 50% is late majority. Wealth management is somewhere in this sector.
So figure out when BTC adoption enters 16%-50% world adoption based on the yellow line.