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COUNTRIES THAT BANNED BITCOIN
Before we start to our topic this I want to tell that some of you might know about this but I just wanna share this to those who are not.
Several people believe that bitcoin was a blessing and it was an opportunity
for everyone but not everyone shares the sentiment. From central banks and other finance company, Bitcoin's list of detractors runs for a very long time and gone so deep.But most of the government around the world seeks for the regulation of bitcoin.
Be due to fear,ignorance and protectionism, governments have a tendency to legislate against perceived threats.Countries such as japan protects its citizens to have free trade of the digital currency.But unfortunately not all countries embracing the change of our technology.In some cases citizens have had their assets seized,accounts got frozen and have been locked up, Government can't stop the blockchain from propagating, but they can stop their people in having access to it.
STOP THE BITCOIN!!
Like banning drugs,alcohol and other stuffs banning bitcoin sounds nonsensical and unforceable.That's the exact case in five countries:
1.Bangladesh
2.Bolivia
3.Ecuador
4.Kyrgyzstan
5.Nepal
It was recently reported in https://news.bitcoin.com/bitcoin-illegal-in-nepal-police-arrest-seven-individuals-for-trading-operations/
that there were dozens of bitcoin and crypto enthusiasts get imprison seemingly guilty of little more than operating a small-scale bitcoin exchange.
Meanwhile Ecuador has outlawed bitcoin, nit because they opposed this crypto but because they want to regulate and control it and tether it with the Ecuadorian dollar.An Electronic money designed to operate ad support monetary scheme dollarization.Completing the naughty list of countries that have banned bitcoin is Kyrgyzstan, a tiny landlocked state in Central Asia,
And Bangladesh banned bitcoin, it was 2014 where Bangladesh bank stated that anyone that will be caught using such online currency could be jailed mostly because it's about "MONEY LAUNDERING".
this was already an old news for updated list
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
so what do you think? will your country will ban the use of bitcoin?
do you know other countries that ban the bitcoins?
Please share it and tell to everyone
1. Nigeria, since 17 January 2017.
2. China, since January 8, 2017. Reason: will issue its own digital currency
3.colombia, since December 31, 2016. Reason: worry of cryptocurrency fraud
4. Taiwan, since November 3, 2015. Reason: bitcoin hacking
5. Ecuador, since March 24, 2015. Reason: will issue its own currency
Crypto investors are seeing red this week. Bitcoin plunged to two-month lows on Thursday, dipping below $9,000 for the first time since November. At the time of writing, Bitcoin had bounced back up to the $9,200 level, down from weekly highs just above $12,000. This week has seen coins across the board in the red a sign that investors are jumping ship to fiat currencies this time instead of swapping into altcoins as weve seen in the recent past.
https://imgur.com/a/1DaM3
Bitcoin prices could drop drastically by up to 50 percent. And here are some things that can make the value of Bitcoin down dramatically;https://imgur.com/a/1DaM3
1. Bitcoin Mining Closure.
When a Bitcoin mine goes out of business, they usually tend to immediately remove all the Bitcoins they have stored. this could trigger a chain effect until the Bitcoin price drops.
2. Prohibition of Using Bitcoin Announced By A Stronger State of Economy.
Among the factors driving Bitcoin prices up, there is an element of recognition from a stronger economy. therefore, the reverse is true; Bitcoin's price drops if a stronger economy oppose and prohibit its use.
3. Closing of Bitcoin Exchange.
The law of supply shall also apply to the price of Bitcoin. the higher the supply of something, the lower is the price, if other conditions in general nothing has changed.
4. Technically, Bitcoin Already Buy (Overbought).
overbought means in other words, the current Bitcoin price is actually too high compared to the price that can be accepted by its users .
Hal Finney is Satoshi Nakamoto. Here are my findings and explanations on to as why.
Many people speculate that either an individual no one has ever heard of or Nick Szabo created Bitcoin. One of the main priorities of Satoshi Nakamoto was to remain as anonymous as possible and he was absolutely on point with his OPSEC. If Nick Szabo created Bitcoin, he would know hed be the first person suspected of creating Bitcoin due to his Bitgold research. Satoshi would never put himself into this position. I do think Nick Szabo is the biggest influencer of Bitcoin and without his Bitgold research, Bitcoin may have never existed. However, he is not Satoshi Nakamoto and had absolutely nothing to do with Bitcoin at any point. Now that were past why Nick Szabo is not Satoshi, lets get onto who is.
The man that is Satoshi Nakamoto is none other than Hal Finney. The man who was the first person to work on Bitcoin besides Satoshi and received the first ever Bitcoin transaction. While this will always be speculation, there is honestly no doubt in my mind, and it will probably leave not much doubt in your mind either.
Lets start with the obvious.
Satoshi Nakamoto created the Bitcointalk Forum in December of 2009. Hal had been helping Satoshi with Bitcoin since January of 2009 (as emails indicate). Hal Finney registered on the Bitcointalk forum in November 2010. A full year after the creation of the forum. Why would Bitcoins biggest supporter, Hal Finney, wait one full year after the forum was created to register on it? Also, he registered two weeks before Satoshi Nakamotos final post on the forum. Coincidence? I doubt it. He knew he was retiring the Satoshi account and would no longer work on the project due to being diagnosed with ALS in October 2009. Yes, he was diagnosed with ALS two months before Satoshi disappeared.
Another interesting point some need to consider is that all timestamps on the forum point to Satoshi being a man in the western part of the United States in either California, Oregon, or Nevada. Hal Finney was in California. Which brings me to my next point. There was only one man in California named Satoshi Nakamoto. This man lived two streets over from Hal Finney. Let that sink in for a second. No, this man had absolutely nothing to do with the creation of Bitcoin. Hes not a computer programmer in any way. I dont even believe Hal Finney and Dorian Satoshi Nakamoto even met. Hal Finney saw that Satoshi Nakamotos house was being foreclosed two streets away and thought it would be the ultimate symbol to the Bitcoin project and an example of banks mistreating people. A problem Bitcoin can solve. That, and he had a cool name.
Another point to be made here and another piece of compelling evidence is that Satoshi Nakamoto presumably mined blocks 1-77 of Bitcoin, Hal mined block 78, and Satoshi mined blocks 79-125. Hal claims to have mined Block 78 but not blocks 72-77. However, blocks 72-78 were more than likely (in my opinion, 95%) mined on the same extraNonce slope by the same person. If you do not know what an extraNonce slope is, please click the link below for reference:
https://bitcointalk.org/index.php?topic=2346992.0
People will always point to the email conversations between Satoshi Nakamoto and Hal Finney in January 2009 and onwards. Those mean absolutely nothing. Hal Finney was a very intelligent man and thought literally every detail about his project through. He was more than likely scared of past digital currency founders and operators getting arrested without technically breaking the law. Please google Liberty Dollar and/or Liberty Currency. This and Hal thought Bitcoin would succeed more so without a face and creator. Although I think it more has to do with the legal aspect. So Hal knew he had to have a fictional character create Bitcoin to avoid any issues. Now why Email himself? Easy. 1) He knew he would be one of the first people suspected of creating Bitcoin and wanted an Alibi. 2) He probably eventually wanted to work on the project himself and retire Satoshi. Mostly, #1. And no, E-Mailing himself does not mean he had multiple personality disorder in any way. It just means he carefully planned his alibi from the start of the project.
Another point is Hal Finney received the first ever Bitcoin Transaction. This is not hard evidence by any means but if Im working on a project like Bitcoin, Im sending myself the first ever transaction to see if it works.
This one is purely speculation but I thought Id add it in. Hal and Satoshi both had @gmx email addresses as one of the emails they used. Not a super common email service (at least to my knowledge).
Another piece, Hal Finney Article on Double Spending:
http://nakamotoinstitute.org/detecting-double-spending/
There you have my findings and thoughts on Hal Finney being Satoshi Nakamoto. This is obviously only speculation on my part but there is not much doubt in my own mind that Hal and Satoshi are the same person.
Hal Finney created Bitcoin.
I will be creating a video on this, basically saying what I have said in this post. I will post the link in the first post when I do make it.
Nakamoto satoshi whose real name is Dorian S Nakamoto was born in Japan in 1949. then when he was 10 years old he immigrated to the United States. He lives in a modest 2-story house on the outskirts of Los Angeles.Many people speculate that either an individual no one has ever heard of or Nick Szabo created Bitcoin. One of the main priorities of Satoshi Nakamoto was to remain as anonymous as possible and he was absolutely on point with his OPSEC. If Nick Szabo created Bitcoin, he would know hed be the first person suspected of creating Bitcoin due to his Bitgold research. Satoshi would never put himself into this position. I do think Nick Szabo is the biggest influencer of Bitcoin and without his Bitgold research, Bitcoin may have never existed. However, he is not Satoshi Nakamoto and had absolutely nothing to do with Bitcoin at any point. Now that were past why Nick Szabo is not Satoshi, lets get onto who is.
The man that is Satoshi Nakamoto is none other than Hal Finney. The man who was the first person to work on Bitcoin besides Satoshi and received the first ever Bitcoin transaction. While this will always be speculation, there is honestly no doubt in my mind, and it will probably leave not much doubt in your mind either.
Lets start with the obvious.
Satoshi Nakamoto created the Bitcointalk Forum in December of 2009. Hal had been helping Satoshi with Bitcoin since January of 2009 (as emails indicate). Hal Finney registered on the Bitcointalk forum in November 2010. A full year after the creation of the forum. Why would Bitcoins biggest supporter, Hal Finney, wait one full year after the forum was created to register on it? Also, he registered two weeks before Satoshi Nakamotos final post on the forum. Coincidence? I doubt it. He knew he was retiring the Satoshi account and would no longer work on the project due to being diagnosed with ALS in October 2009. Yes, he was diagnosed with ALS two months before Satoshi disappeared.
Another interesting point some need to consider is that all timestamps on the forum point to Satoshi being a man in the western part of the United States in either California, Oregon, or Nevada. Hal Finney was in California. Which brings me to my next point. There was only one man in California named Satoshi Nakamoto. This man lived two streets over from Hal Finney. Let that sink in for a second. No, this man had absolutely nothing to do with the creation of Bitcoin. Hes not a computer programmer in any way. I dont even believe Hal Finney and Dorian Satoshi Nakamoto even met. Hal Finney saw that Satoshi Nakamotos house was being foreclosed two streets away and thought it would be the ultimate symbol to the Bitcoin project and an example of banks mistreating people. A problem Bitcoin can solve. That, and he had a cool name.
Another point to be made here and another piece of compelling evidence is that Satoshi Nakamoto presumably mined blocks 1-77 of Bitcoin, Hal mined block 78, and Satoshi mined blocks 79-125. Hal claims to have mined Block 78 but not blocks 72-77. However, blocks 72-78 were more than likely (in my opinion, 95%) mined on the same extraNonce slope by the same person. If you do not know what an extraNonce slope is, please click the link below for reference:
https://bitcointalk.org/index.php?topic=2346992.0
People will always point to the email conversations between Satoshi Nakamoto and Hal Finney in January 2009 and onwards. Those mean absolutely nothing. Hal Finney was a very intelligent man and thought literally every detail about his project through. He was more than likely scared of past digital currency founders and operators getting arrested without technically breaking the law. Please google Liberty Dollar and/or Liberty Currency. This and Hal thought Bitcoin would succeed more so without a face and creator. Although I think it more has to do with the legal aspect. So Hal knew he had to have a fictional character create Bitcoin to avoid any issues. Now why Email himself? Easy. 1) He knew he would be one of the first people suspected of creating Bitcoin and wanted an Alibi. 2) He probably eventually wanted to work on the project himself and retire Satoshi. Mostly, #1. And no, E-Mailing himself does not mean he had multiple personality disorder in any way. It just means he carefully planned his alibi from the start of the project.
Another point is Hal Finney received the first ever Bitcoin Transaction. This is not hard evidence by any means but if Im working on a project like Bitcoin, Im sending myself the first ever transaction to see if it works.
This one is purely speculation but I thought Id add it in. Hal and Satoshi both had @gmx email addresses as one of the emails they used. Not a super common email service (at least to my knowledge).
Another piece, Hal Finney Article on Double Spending:
http://nakamotoinstitute.org/detecting-double-spending/
There you have my findings and thoughts on Hal Finney being Satoshi Nakamoto. This is obviously only speculation on my part but there is not much doubt in my own mind that Hal and Satoshi are the same person.
Hal Finney created Bitcoin.
I will be creating a video on this, basically saying what I have said in this post. I will post the link in the first post when I do make it.
he went on to major in physics at California State Polytechnic University. Nakamoto then worked in a number of companies.
In 2008, Satoshi published a paper that outlined the concept, and wrote the original software that underlies the rise of Bitcoin. in 2009 Bitcoin began to be used and so shook the world, and the birth of Bitcoin itself is a great achievement that could change the world economy forever.
Bitcoin Inti (formerly known as Bitcoin-Qt). in 2008, Nakamoto published a paper on the Cryptography Mail List at metzdowd.com describing the bitcoin digital currency. In 2009, they released the first bitcoin software that launched the first network and unit of bitcoin cryptocurrency, called Bitcoins.
nakamoto continues to collaborate with other developers on bitcoin software until mid-2010.at this time, they handed control of the source code repository and key networks alerted to Gavin Andresen, transferring multiple domains linked to various prominent members of the bitcoin community, and quitting their involvement in the project.
a public bitcoin transaction log shows that the Nakamoto wallet contains approximately one million Bitcoins. As of June 2015, it is equivalent to US $ 250 million .
After The Pump Of Yesterday This Is 3 Reasons Why Bitcoin Is Going Up !
#1 Yahoo Japan to buy miniority stake in cryptocurrency exchange :
Yahoo! Japan Corporation (TYO: 4689) announced on Friday that it is entering the cryptocurrency space. The company expects to launch an easy-to-use exchange for cryptocurrencies in the fall of this year, Nikkei elaborated.
Founded in January 1996 as a joint venture between Yahoo! and Japanese multinational conglomerate Softbank, Yahoo! Japan continues to dominate the Japanese internet industry while Yahoo! has been declining in popularity since the late 2000s.
#2 Islamic Scholar Says Bitcoin is Compliant With Sharia Law as Price Surges :
A recent declaration by an Islamic scholar that Bitcoin is compliant with Sharia law could be the cause behind todays $1000 price surge, opening the market to Muslim investors who were previously unsure if the cryptocurrency qualified as money under the strict definitions outlined by scholars.
Muslims account for 23% of the worlds population, with 1.6 billion Muslims throughout the world, mostly in Asia Pacific nations like India and Indonesia. Sharia Law, or Islamic Canonical Law, prohibits the practice of lending money at high-interest rates, known as usury. Debate has raged since the popularity of Bitcoin in the Islamic Scholar community as to whether Bitcoin trading was a form of usury due to the volatility and huge profit and loss margins.
Read More In This Article http://worldofchd.com/2018/04/3-reasons-why-bitcoin-is-going-up/
From observations and browsing that I do, there are several reasons behind the continued rise in the value of Bitcoin. Anything? Here's the list.#1 Yahoo Japan to buy miniority stake in cryptocurrency exchange :
Yahoo! Japan Corporation (TYO: 4689) announced on Friday that it is entering the cryptocurrency space. The company expects to launch an easy-to-use exchange for cryptocurrencies in the fall of this year, Nikkei elaborated.
Founded in January 1996 as a joint venture between Yahoo! and Japanese multinational conglomerate Softbank, Yahoo! Japan continues to dominate the Japanese internet industry while Yahoo! has been declining in popularity since the late 2000s.
#2 Islamic Scholar Says Bitcoin is Compliant With Sharia Law as Price Surges :
A recent declaration by an Islamic scholar that Bitcoin is compliant with Sharia law could be the cause behind todays $1000 price surge, opening the market to Muslim investors who were previously unsure if the cryptocurrency qualified as money under the strict definitions outlined by scholars.
Muslims account for 23% of the worlds population, with 1.6 billion Muslims throughout the world, mostly in Asia Pacific nations like India and Indonesia. Sharia Law, or Islamic Canonical Law, prohibits the practice of lending money at high-interest rates, known as usury. Debate has raged since the popularity of Bitcoin in the Islamic Scholar community as to whether Bitcoin trading was a form of usury due to the volatility and huge profit and loss margins.
Read More In This Article http://worldofchd.com/2018/04/3-reasons-why-bitcoin-is-going-up/
Bitcoin is designed to experience deflation
1. Bitcoin is indeed made for deflation
if other currencies recognize inflation or a decline in the value of a currency, then Bitcoin only recognizes deflation, or reduced production of Bitcoin that makes the value of Bitcoin increasingly uphill.
2. Countries Begin to Look at Bitcoin as a Payment Alternative.
this step starts from a Chinese country that is beginning to consider using Bitcoin as an alternative payment.
3. Increasingly Used Digital Payment System. as you may know, nowadays, in almost all deals involving online shop or e-commerce have started using digital payment system .
Well obviously no one knows... or very few people know (I still think that there are a couple original bitcoiners on this forum who are 99% sure that they know who Satoshi is).
Whats your favourite theory?
Mine is that it was John Nash
Please provide some proof for your theories. Would love to look into them!
Satoshi Nakamoto is the creator of Bitcoin. But the name is just a pseudonym. Since the beginning of Bitcoin's up until now, no one has ever managed to reveal the true identity of Satoshi. Whats your favourite theory?
Mine is that it was John Nash
Please provide some proof for your theories. Would love to look into them!
Reasons why #Bitcoin is droping:
- Not a single rebrand since 2009
- No "huge news" or "strategic partnerships"
- Not enough airdrops
- Not enough PhD graduates on the team
- Team not doing bounties...
- Logo is not cool
- Satoshi is not being communicative
This was tweeted by person named Crypto Rand, what do you think about his tweet . I think these reasons always exit but Bitcoin is still very expensive, I would like to know your thoughts on this
many HYIP sites underwent bitcoin investments that led to a scam, and now it's time for scammers to sell bitcoin from their scam.
so, at the core of the above answer, bitcoin price drops because of the act of coin "a scam that promotes its homemade coin and to reap big profits and then run .
I do not really understand what FUD means? Who can explain? Tks
FUD is short for Fear, Uncertainty, Doubt. Then when interpreted in everyday language is the spread of news that the truth is still doubtful and uncertain to give fear to the layman about the movement of crypto. The aim is to keep market prices falling sharplyA Bitcoin wallet is a product program where Bitcoins are put away. To be actually exact, Bitcoins are not put away anyplace; there is a private key (mystery number) for each Bitcoin address that is spared in the Bitcoin wallet of the individual who claims the adjust. Bitcoin wallets encourage sending and getting Bitcoins and gives responsibility for Bitcoin adjust to the client. The Bitcoin wallet comes in many structures; desktop, versatile, web and equipment are the four fundamental sorts of wallets.
DEFINITION OF BITCOIN DOMPET. Wallet Bitcoin, is the place (purse) of Bitcoin storage. Somebody, will not be able to have Bitcoin without Bitcoin storage (Bitcoin Wallet / Wallet Bitcoin). Bitcoin wallet function is to store some cryptographic keypair, or more commonly known as "Bitcoin Address" (Bitcoin address) .China's three major virtual currencies trading platform Bitcoin China, Coin Network, OKCoin currency have announced that they will cease trading business, the Chinese regulatory authorities so resolute and beyond imagination. I would like to know why China prohibits bitcoin. What is the reason, who can tell me?
This is the news link I saw before：http://www.myzaker.com/article/59bf055a9490cb703500002b/
There are several reasons for China's Bamboo Curtain prohibiting Bitcoin transactions.This is the news link I saw before：http://www.myzaker.com/article/59bf055a9490cb703500002b/
Virtual currencies are hard to control
Bitcoin exchange rate up and down purely following the market mechanism.
Easy to use for fraud
for some people who understand the Bitcoin movement, it could be a lucrative investment.
Destroying the investment world
Bitcoin is potentially bubble and breaks out after a lot of popularity and lots of people want to have.
China is the center of virtual currency transactions
two of the world's largest Bitcoin markets exist in China. Imagine how much damage China suffered when bubble and break.
China wants to make its own virtual money
It is not impossible that China wants to create its own cryptocurrency that can be government legality.
Used illegal transactions
Bitcoin transactions are difficult to trace. It is used by irresponsible parties for money laundering, drug sales, smuggling, and other illegal activities
why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
From some sources in the media it appears that this ban is due to government concerns in some countries will tax fraud, worry about Cryptocurrency fraud, bitcoin hacking and avoid money laundering.is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
digital currency tension becomes a crucial point of global demand for digital currency transparency .
Can i tell me some thing about bitcoin and blockchain?
What is blocktime, blocksize and how effected of it to blockchain?
Bitcoin is one cryptocurrency which is basically a digital currency.What is blocktime, blocksize and how effected of it to blockchain?
This currency of form and storage is digital.
Bitcoin can be used to purchase various services such as games up to website hosting. for now, the number of services receiving Bitcoin is still quite limited.
Hello pals,
Recently I introduced Bitcoin and cryptocurrency to my friends and family,they liked the concept but they asked me a question that I wasn't able to answer.Is Bitcoin really secure?What if a hacker was able to hack Bitcoin system/blockchain?Who manages Bitcoin security and what are the security measures taken to avoid hackers being able to steal Bitcoins?Why Bitcoin is not blocked for those who use it illegally by buying/selling in the deepweb market?What if governements ban Bitcoin because of these people?
I really appreciate if you guys give me some answers
From some known sources, Bitcoin Technology - protocols and cryptography - has a strong record of security records, and the Bitcoin network is probably the largest distributed tally project in the world. Bitcoin's most common disadvantage lies in the user's own error. Bitcoin wallet data that holds private keys can be erased accidentally, lost, or stolen. This is similar to physical cash stored in digital form. fortunately, users can apply security measures to protect their money or use the services of providers who offer high level security and insurance against theft or lossRecently I introduced Bitcoin and cryptocurrency to my friends and family,they liked the concept but they asked me a question that I wasn't able to answer.Is Bitcoin really secure?What if a hacker was able to hack Bitcoin system/blockchain?Who manages Bitcoin security and what are the security measures taken to avoid hackers being able to steal Bitcoins?Why Bitcoin is not blocked for those who use it illegally by buying/selling in the deepweb market?What if governements ban Bitcoin because of these people?
I really appreciate if you guys give me some answers
I am a newbie in Bitcoin Forum.I know some of the most important uses of Bitcoin.They are:
1.You can buy a flight ticket.
2.You can rent a hotel room.
3.you can buy pizza and other food related goods.
4.You can use it as a investment vehicle because bitcoin will continue to grow in value.
I want to know other important uses of it.
here are some of the most common Advantages and Benefits of Bitcoin1.You can buy a flight ticket.
2.You can rent a hotel room.
3.you can buy pizza and other food related goods.
4.You can use it as a investment vehicle because bitcoin will continue to grow in value.
I want to know other important uses of it.
1. Security and Manage your Money
Bitcoin transactions are secured by military-level cryptography. No one can use your money or make payments on your behalf.
2.function Anywhere, Anytime and By Anyone
Just like email, you do not need to require your family to use the same software or service provider. Let them use what they like.
3. Easy and Fast International Payment System
bitcoin can be transferred eg from America to Indonesia in less than 10 minutes. No Bank is slowing down the process, expensive fees, or freezing of funds.
4. Almost Free to use
Bitcoin allows you to send and receive payments very cheaply. except for special cases such as micro-payments, no fees are applied.
5. Protect your identity
With Bitcoin, no credit card numbers can be collected by a bad culprit to imitate you. in fact, it's even possible to post a payment without having to reveal your identity, just like real money.
6. Payment Via Mobile is made easy
Bitcoin on Hp allows you to pay with two simple scan-and-pay steps. no need to swipe your card, type a PIN, or sign anything.
Do you think friends, in which year Bitcoin will completely absorb all the finances of the planet's system?BTC
In the last fact bitcoin scary government of many countries, because first of all it leads to lose control of the money supply. Some countries even think of creating their own digital currencies, such as Britain and Russia while Ecuador has done it. reason for the desire to maintain clear power. In fact it is the best evidence to prove that Bitcoin is an alternative money system with great benefits. And it really works. in terms of these facts in the past Bitcoin can be a good substitute for the traditional banking systemThey say that bitcoin is the future of money. What do you think if we use bitcoin in everyday lives as a money? Like buying foods. Or buying clothes. Do you imagine it positively or negatively?
From various sources found Bitcoin as cryptocurrency money which is basically a digital currency.This currency of form and storage is digital. the inventor of Bitcoin for the first time was a / programmer (not yet certain-red) programmer who used the name Satoshi Nakamoto.
Bitcoin can be used to purchase various services such as games up to website hosting. for now, the number of services receiving Bitcoin is still quite limited.
What do you say when asked this question from a friend who has only heard its name mentioned a few times in the news and has no clue. I find myself lately taking the easy way out and suggesting google. I would prefer to give a clearer answer, but usually saying something leads to more questions and more confusion.
If someone could point me to a twitter type answer that would inform and twig their curiosity, i think it would be a better outcome.
Bitcoin is a consensus network that enables new payment systems and money that are entirely digital. Bitcoin is the first decentralized peer-to-peer payment network that is fully controlled by its users without central or intermediary authority. from the user's point of view, Bitcoin is similar to cash in the internet world. Bitcoin can also be viewed as the most prominent record keeping system available todayIf someone could point me to a twitter type answer that would inform and twig their curiosity, i think it would be a better outcome.
I heard that some countries banned Bitcoin and 2 of them are China and Russia because the goverment think that Bitcoin deals are speculative, and the currency is always risky. But is it correct because there are a lof of Chinese use Bitcoin now?
amid rising bitcoin prices, concerns arose on the security and use side. Therefore, some countries prohibit the use of digital currency as a means of payment and legitimate transactions.The following is a list of countries that prohibit the use of digital currencies:
1. Nigeria
the country has banned the use of digital currencies since January 17, 2017.
2. China
The Bamboo Curtain has banned the use of digital currency since January 8, 2017 because the People's Bank of China (PBOC) will launch its own currency.
3. Colombia
the country located in South America has banned the use of cryptocurrency since December 31, 2016 ago, for fear of bubble or economic bubble.
4. Taiwan
the country has banned the use of virtual currency due to hacking of bitcoins occurring in the country.
5. Ecuador
the country located on the western coast of South America has banned the use of digital currency since March 24, 2015, because it will issue its own currency.
6. Bangladesh
a country located in eastern India, the Bay of Bengal, South Asia has banned the use of digital currency since September 22, 2014 for fear of money laundering.
7. Kyrgyzstan
Since August 4, 2014, the country has banned the use of virtual currency.
8. Bolivia
The country located in the center of South America has banned the use of virtual currency since June 19, 2014.
9. Vietnam
since February 28, 2014, the country has banned the use of cryptocurrency because it can be used for crime and has a high risk for investors.
10. Russia
since February 9, 2014, Russia has banned the use of virtual currency because it can be used as an illegal activity.
11. Thailand
Since July 30, 2013, Thailand has banned the use of bitcoin because it considers that bitcoin is not a currency.
12. South Korea
South Korea (South Korea) is a country located in East Asia, the Korean Peninsula. Since December 13, 2017, South Korea has banned the use of virtual currency because it wants to control the state finances.
13. Singapore
this small country has banned the use of virtual currency since September 29, 2017 due to constraints arising between financial companies.
14. Indonesia
the plan, will ban the use of bitcoin by 2018 because bitcoin has a high risk of bubble or economic bubble
I See topics about banning and I want to ask.
Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.
From some sources in the media it appears that this ban is due to government concerns in some countries will tax fraud, worry about Cryptocurrency fraud, bitcoin hacking and avoid money laundering.Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.
digital currency tension becomes a crucial point of global demand for digital currency transparency .
If that's even his name. Just read the bitcoin wiki on him and I'm amazed. Nobody knows him.
Long time passed since he last posted in here. Why? "Busy"? I don't think so. He was active when bitcoin needed support but since the slashdot...
Also, it seems has knowledge in many areas, especially economy. He doesn't act like the average human. Not taking advantage out of his creation, leaving without telling anything. Is he even a single person or a group?
How can someone create something so great and not stepping out to get the credit?
Nakamoto satoshi is a term used by an unknown person and is a bitcoin designer and the result of its original application refers to Bitcoin Core1] Through its application in Bitcoin Core, the blockchain database has also been planned with careful thought for the first time. in a series of actions, the issue of double-spending in digital currency can be found by Satoshi Nakamoto for the first time. Nakamoto is a keen follower satoshi in relation to the development of bitcoin up in 2010 ..Long time passed since he last posted in here. Why? "Busy"? I don't think so. He was active when bitcoin needed support but since the slashdot...
Also, it seems has knowledge in many areas, especially economy. He doesn't act like the average human. Not taking advantage out of his creation, leaving without telling anything. Is he even a single person or a group?
How can someone create something so great and not stepping out to get the credit?
About virtual currency, there are 03 different understandings:
Money is unmanageable, no physical shape and is used in electronic environments, it is called virtual money.
The type is not real value, not guaranteed by cash, gold, and valuable assets.
The money is usually used to pay for games in electronic games, each type of game has a different currency and they can not be used to exchange for each other or to bring out the electronic environment to buy. Other service products are.
The concept of virtual money is born, widely used and most often by the third interpretation itself. With this kind of money, the balance can be managed and easily changed by the issuer without affecting the financial or market economy.
Virtual is defined as the basis of physical reality.virtual currency has been defined since 2012 by the European central Bank as a form of currency without rules or regulations created and supervised by the developer for use by its specialized members of the virtual communityMoney is unmanageable, no physical shape and is used in electronic environments, it is called virtual money.
The type is not real value, not guaranteed by cash, gold, and valuable assets.
The money is usually used to pay for games in electronic games, each type of game has a different currency and they can not be used to exchange for each other or to bring out the electronic environment to buy. Other service products are.
The concept of virtual money is born, widely used and most often by the third interpretation itself. With this kind of money, the balance can be managed and easily changed by the issuer without affecting the financial or market economy.