Why Japan support bitcoin to legal money ? , Why bitcoin should update including segwit and hardfork
Hello, I'm a cryptocurrency trader during 18 months.
Also, I entered many information chat room and i have big data.
Today, I introduce why Japan support bitcoin to legal money and why bitcoin should update including segwit and hard fork .
First , Why Japan support bitcoin to legal money ?
As you know, Japan will open 2020 olympic .
Olympic have 2 sides.
One is getting medal to player , the other is earning foreign money .
( This is why Korea building many hotel for 2018 pyeongchang winter olympic . )
At 2020, A lot of foreigns will visit Japan, and Japan should make some of hotel and market to earn foreign money .
If foreigns spend their money is not easy , they will spend a lot of money at hotel , market , restaurant ?
The answer is absolutely No.
However , actually , Spending money at Japan is not easy.
Most Japan's subway , shopping mall , restaurants , hotels etc... thinks cash is important , not a credit card or debit card.
Some of Japan's subway , shopping mall , restaurants , hotels etc... is not receive credit card or debit card .
This system is really bad to earn foreign money .
They must using cash to enjoy subway , shopping mall , restaurants , hotels etc...
All of foreigns stand atm and withdraw cash using their credit card or debit card every day or every time.
Who wants to take their cash using their big bag.
So, that's why Japan adapt bitcoin.
If you are a cryptocurrency trader or interest in cryptocurrency , I think you heard a lot of news about Japan .
( reddit , tv news , some of chatrooms , groups ... )
Now, Japan receive bitcoin at most airport , restaurant , shopping mall .
Finally, Why bitcoin should update including segwit and hardfork .
This story is relate in first story .
Probably, 2020 Japan olympic maybe the first cryptocurrency popularization , after this year, cryptocurrency will replace other currency such as USD , CNY , KRW etc...
At 2020, As many people use bitcoin , transaction of bitcoin is very larger than today .
If bitcoin is not updated until 2020 , Bitcoin network is also very slower than today , such as Ethereum network ( for ICO )
At 2020, Bitcoin must not be slow .
I really support bitcoin unlimited and segwit including segwit 2x .
( For a lot of transaction and fast speed )
If miner want to bitcoin popularization , they should not oppose hard fork and segwit ( 2x )
Exactly, after hard fork, old chain should be abandon and developers must prevent some of hackings .
This work is very important to bitcoin's popularization.
I don't know why bitcoin miners oppose hard fork and soft fork.
Though hard fork and soft fork , The number of bitcoin's transaction will be bigger than now, then , miners can get a lot of money.
I think Miners should to see future not now.
Absolutely, Side of bitcoin Miners is really important their profits . but i want to tell " See the future , not now " to Miners .
Thank you for watching my post
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Korean version : https://steemit.com/kr/@leon43257/6avu6w