Am I right or wrong - page 3. | Bitcointalksearch.org

CryptocurencyKing

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Quote from: KiaKia on December 04, 2022, 08:10:05 AM

There is a saying that " if you can't beat them, you join them " ,is this what's going on with Btc and our government?

You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?

Of course that's the saying, if you cant beat them, you join them but, don't you think that applies when it's already overwhelming?
Bitcoin is far from anything overwhelming at the moment with the adoption still at an all time low.

I like to think that, Government and its officials still believes they could end the advent of cryptocurrencies and with them yet to exhaust there schemes, its hard to join them. Join them goes for the majority and crypto investors are still the minority right now.

It would be wise for them non the less yo recognise the changing times and join us!

DaNNy001

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Bitcoin is not going anywhere soon and its open to anyone and any government that wants to join it. Government in many countries have banned the use of bitcoin and said its country doesn't want anything to do with bitcoin e.g china etc..

But this decision are now been changed as most government see it as lucrative means and most of them tend in even tasking in all bitcoin transaction in the country. Some people
in the government actually have alot of bitcoin there are controlling.

Bitcoin in my country was proclaimed an outlaw currency that any fiat account that has any thing to do with it will be banned. After the government gave this information they were expecting people to be in fear and run back to their fiat but instead the trading of bitcoin even got more intense and more people started their bitcoin on exchange platform like binace through peer to peer transaction.

Queentoshi

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Quote from: KiaKia on December 04, 2022, 08:10:05 AM

you can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?

Government is a fixed word that will always be there and used to refer to people that are in power, these people who are in the government are not the same, always changing, and apart from the established general opinion most of the government have concerning bitcoins, they have their own personal opinions that do not always align with the opinion established by the government they work under. There is every possibility that people in government while affirming the general government stance on bitcoins, quietly have done their research and know that bitcoin is good and what they should find a way to get.

akuntester1

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Quote from: KiaKia on December 04, 2022, 08:10:05 AM

There is a saying that " if you can't beat them, you join them " ,is this what's going on with Btc and our government?

You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?

Yes I think you are right.
But maybe I think that what the government is doing more precisely is to try to regulate, not just to join.

Because in my opinion regulate and joining are very different things.
Joining in my opinion is if they are active and accept whatever is in that thing in this case "cryptocurrency" without controlling the circulation of cryptocurrency.
While regulating is that they want to do or control something in this case "cryptocurrency" in accordance with the laws and regulations in their country.

In a country, the government does have a responsibility and an important role to regulate all forms of developing economic transactions.
They must regulate any economic transactions involving their citizens, to prevent abuse in these activities.
Because if there is misuse of course there will be many impacts received and maybe it will be detrimental to the country itself.

isaac_clarke22

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Quote from: KiaKia on December 04, 2022, 08:10:05 AM

There is a saying that " if you can't beat them, you join them " ,is this what's going on with Btc and our government?

You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?

I mean Bitcoin can be bought by anyone anyway. Even rich dudes in the internet are still buying it even if they're rich enough to do another investment. Surely these government entities are buying it behind the media and not a single soul can do know nor do anything about it. Here in my country, there are government entities regulating the usage of crypto when used via crypto apps or web wallets through KYC requirements which is really annoying on my own end. I am sure most of them also holds crypto anyway in the end. Cheesy

Mpamaegbu

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Quote from: KiaKia on December 04, 2022, 08:10:05 AM

You can't confuse me that the government aren't buying Bitcoin too

But of course, the two-faced hypocrites are insidiously buying it. They may not come to the open to do it, either as a government body or as their individual officials. At the peak of Bitcoin ban in my country, one of the top government officials (the Attorney General of my country) was caught using a Kucoin exchange. There is much pretence with what people are in public and what they truly are in their private chambers. So, take advantage of this period and DCA on Bitcoin now. Tomorrow may not present us an opportunity.

Lida93

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Btc has in the past conquered all odds put towards eliminating it by any government and they could see the level of fairness and equality it offers to all involved in it . The government may pretend not to be involved in crypto investment but there's a possibility of their official secretly participating in the business. The concern of government over cryptocurrency is the lack of control they want to have over it which is not possible cause the uniqueness of cryptocurrency is the decentralization it enjoys.
In my country in the past years the government placed a ban on cryptocurrency operations, blocking all means of involvement by the citizens, but as it stands there is news going round about them putting plans on ground to accept it and only place tax on it operations. So it's just an issue of time, many government will eventually accept the operations of cryptocurrency.

Vicson1

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Quote from: KiaKia on December 04, 2022, 08:10:05 AM

There is a saying that " if you can't beat them, you join them " ,is this what's going on with Btc and our government?

You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?

To me, because Bitcoin is a decentralized organization, the government can only regulate it if they want to live in peace with their citizens as this is going to be difficult to stop. My suggestion to the government is to find a way to make it official and they can generate funds from it by including vat for every purchase or Bitcoin transaction. Thank you...

cryptoaddictchie

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Government employees are definitely joining it. Even though there are hindrances or opposition on the side of Government. Majority of the people inside are probably buying bitcoin and crypto since they are also human who are looking for side hustle and good investment. Many of my colleagues in the industry are also joining the wagon and asking me of some of my idea about crypto even though they knew that this is a risky and not supported at all by the government.

libert19

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Idk about government (s) themselves, but government employees are likely into it, especially from corrupt nations.

SatoPrincess

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Quote from: KiaKia on December 04, 2022, 08:10:05 AM

There is a saying that " if you can't beat them, you join them " ,is this what's going on with Btc and our government?
You can't confuse me that the government aren't buying Bitcoin too

Except for El Salvador that made Bitcoin a legal tender, there is no other country patronizing bitcoin. While persons holding public offices may be buying bitcoins for themselves, that doesn’t mean the government is buying bitcoin, it just means more people are buying,

Quote from: KiaKia on December 04, 2022, 08:10:05 AM

I'm guessing the only option they have is to join?

There are lot more options on the table, for one they can ban p2p transactions, ban bitcoin mining and also go hard on crypto exchanges with strict regulations. The government isn’t a body that can be cornered easily to do something that’s is not in their economical interest

gantez

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Government is only a name that covering some people like a coverage and the people on that covering are individuals who having five sense organs and like you and like me they also invest in bitcoin. This is sure that government try to stop bitcoin but can't because it can't be monitored. The government officials know and they are wise to invest with public money.

Zilon

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Those in power are only trying to echo their fear of losing control of the people with the decentralisation Bitcoin has using their office as officials to express it. But in their homes they buy as much has the can just like you and i. Now the price is down don't be surprise if the most strict government official bought enough that will serve as a financial protection for their children and beyond. The wise do what is right after all it is a decentralised asset.

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Quote from: KiaKia on December 04, 2022, 08:10:05 AM

I'm guessing the only option they have is to join?

They have some other options;

• They can try to replicate the network by creating CBDCs which function on the blockchain, but this would not be a popular alternative,
• They can regulate its usage within the country and place heavy taxations on Bitcoin related transactions,
• They can outrightly ban the network and make it illegal to use,
• They can try to benefit of the surge of the network and become more Bitcoin friendly to attract developers and investors alike.

They could do any of this while buying Bitcoin, and neither of it really matters as it's not in our control how the government reacts. What's in your control is how you store your bitcoins that no government would be able to control.

CryptopreneurBrainboss

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Quote from: KiaKia on December 04, 2022, 08:10:05 AM

You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?

I don't think the government are directly buying Bitcoin although they hold a very large amounts in seized assets (Bitcoin and probably other cryptocurrency).

Quote

But sometimes the government is able to get it back. Last week, the United States seized $500,000 in cryptocurrency from alleged North Korean hackers who got that money by extorting American medical organizations. That’s just a drop in the bucket considering the grand total: the IRS alone seized $3.5 billion in cryptocurrency in 2021.
Source: https://www.technologyreview.com/2022/07/26/1056447/how-governments-seize-millions-in-cryptocurrency/amp/

We're yet to get to that stage when the government will be scared of Bitcoin to the extend that they'll start trying to buy out the Bitcoin in existence. Now there are still some doubts by the government that Bitcoin can achieve what it claims to be targeting which is the total decentralized of finances.

2stout

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Governments know they can't control Bitcoin so the next best thing they figure is to contain it. They will try to contain it by buying some up and also via regulations.

UserU

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Exchanges like FTX are the reason why gov agencies are lobbying for control.

Too much freedom, too many scams. Then those victims cry foul and beg for those criminals to be arrested. And that involves the authorities.

Honestly it's not always a bad thing. I mean if you have nothing to hide, why be scared of the government? Just declare your assets and you'll be fine.

Sandra_hakeem

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Quote from: KiaKia on December 04, 2022, 08:10:05 AM

There is a saying that " if you can't beat them, you join them " ,is this what's going on with Btc and our government?

You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?

The government doesn't really need to stop Bitcoin; in our technological world today, we've got a Grand rule, which is: you can't destroy what you cannot create. Ethical hackers are tryna bypass 'em limits but it's somewhat hard and almost impossible.
The government isn't in control of Bitcoin. AFAIK,since BTC ain't a "medium of exchange", alot of Bitcoin's transaction - most especially in p2p - will have a user paid in FIAT, cash, bucks etc....this invariably means that this two are working in concordance, until whenever. For now, Bitcoin serves as a store of value which, I guess is ONE of the reasons for it's volatility.

Sandra 🧑

Issa56

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Quote from: KiaKia on December 04, 2022, 08:10:05 AM

There is a saying that " if you can't beat them, you join them " ,is this what's going on with Btc and our government?

Don't be surprise that most people in government agencies are buying bitcoin, I know some people that are in government office which are asking me to teach them about bitcoin and cryptocurrency in general, some of them are holding bitcoin and some are ready to invest in bitcoin.

Quote from: KiaKia on December 04, 2022, 08:10:05 AM

You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?

The government knows the truth but I don't know why they don't really want to join bitcoin, maybe it's because they don't have control over bitcoin that's why they are against it, they want a currency that they can control but they can't control bitcoin. The only thing I know is that with time the government won't have choice than to accept bitcoin, they have done different things just to kill bitcoin but all are always in vain, so they will accept bitcoin but it might take time before they will accept it.

sunsilk

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Quote from: KiaKia on December 04, 2022, 08:10:05 AM

There is a saying that " if you can't beat them, you join them " ,is this what's going on with Btc and our government?

You can't confuse me that the government aren't buying Bitcoin too, since they knew that this is the real power back to the people, something they really can't control, I'm guessing the only option they have is to join?

Yeah, most likely.

They can't stop bitcoin but they can regulate the usage of it and the licenses that can be applied to them by those businesses that has a sole focused for bitcoin.

But it's not all about the power of the people and what bitcoin has but the potential of it on how valuable it will be in the near future. As they understand that it has a finite supply and demand of it will be greater so, that's where they're capitalizing it.

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