Topic: Bitcoin and Government. (Read 3604 times)

Maybe it is divided into two opinions. But the decision is a bit of a decision if bitcoin should be used in a country that people are in a good mood and no fear

I appreciate your opinion mate but I don't think bitcoin and the government can walk together all along because their fiat would be in danger. So, suggested solution is that the government create their own digital money by adopting bitcoin technology.

I agree with all your opinion. From the beginning I joined Bitcoin, I was already very confident that Bitcoin able to give a positive impact on its users. And if Bitcoin is used in real life we would be very easy to do anything with Bitcoin. Hopefully one day this can happen.

I think that one day the government will support Bitcoin and see Bitcoin as a means to develop the economy. But the government must have a policy to manage Bitcoin to avoid inflation, money laundering or Bitcoin abuse for illegal activities. There should be strict management to adjust the tax rate, usage ... At that time the main interest will belong to the people.

That is why there is bitcoin that you can use in order to transfer money without getting charge of high taxes because with bitcoin you cannot be track down by the government and you can just successfully send your money to the other part of the world or other countries without getting taxed so it is one of the reason why having bitcoin is a really good idea.

The following are good as he/she stated except the number four because in my country it is hard transfer money and the government will put high taxes when you transfer money in other country so it is hassle to deal with it.

In some countries the bitcoin are free to use . Thy allowed it in their country.but at the same time, there's a countries that can't allowed the bitcoin to enter or used intheir country becayse they don't know if it really safe or not. Maybe for those allowed the bitcoin in their countries they see the importance and benefits of the bitcoin. That the others not see it

Money laundry exists and has always existed even before crypto. I don't understand govt measures.

Governments around the world — including the U.S., China, Japan, Canada, Venezuela, Estonia, Sweden, and Uruguay — are either actively working on some form of digital currency or exploring the topic.

But don't expect a bunch of bitcoin clones. Governments have very different priorities, and decentralization — a main feature of most cryptocurrenices including bitcoin — doesn't tend to be one of them. In fact, government digital currencies could herald a new era of centralization, posing serious questions about privacy and the viability of true cryptocurrencies like bitcoin.

Perhaps if the government accepts bitcoin as a means of transaction is a very suitable thing because if someone wants to send a very fast money in an emergency so as to make a comfort and not waste much time to send it.

Bitcoin will continue to gain momentum but high transaction costs, this works against the adaptation of mass market Bitcoin, beyond that measure to be a good investment opportunity.

One of the tasks of the government is the legal regulation of the financial system and the payment of taxes. Therefore, the governments of many countries are closely watching the bitcoin and assess what advantages and risks it can bring. After bitcoin has been legalized, the government can set some transactional fees and taxes. As a result, people's profits will decrease. But on the other hand, there will be an opportunity to introduce and control the innovative technologies that bitcoin gives.

If cryptocurrency and government will work together then we can really expect a better future because there are a lot of people in the corporate world who are investing on bitcoins and japan is also using cryptocurrency to improve their own country.

Bitcoin and government two both very important catalyst in cryptocurrency world. If government can be consious about bitcoin then bitcoin will achieve a better position.

Yes, there are many advantages when the government accepts bitcoin. But the downside is more and more important than the advantage. Actually bitcoin has brought participants a lot of profit and it will make the economy of a country go up. But the government will not be able to control the deal. In addition, this is an anonymous market, the government will not be able to track down fraudsters through their counterfeit information.

everyone is free to give opinions but must be in accordance with reality. it is clear that the government's attitude towards the existence of btc is considered to threaten conventional banks. because it is clear that btc has a clear and profitable prospect.

In early 2018, the government began to take decisive steps to suppress the development of bitcoin in Indonesia. Bank Indonesia (BI) as the financial regulator in Indonesia considers cryptocurrency as an illegal and unrecognized currency.

I think, if the government supports the use of bitcoin, it will be more fun and many places accept bitcoin as payment and will also make it easier for me to use bitcoin anywhere, the country's economy can also increase as many bitcoin users have improved the economy

Bitcoint and the government do not get along with each other, but this is a matter of time and somebody will obey in any case

Governments generally like to regulate and controls things so that they can redirect resources to their own self perpetuating interests. This isn't conspiratorial; it happens because at the head of each bureaucracy are people who have a job, like their job, and want to justify continuing their job. They need to find reasons to keep their budget and to expand it, which means they need to find problems to solve so that they can show their constituents that they're doing "something".

That said, crypto represents a bit of a problem for them doesn't it? Its hard to trace, which makes it hard to track and hard to tax. It allows for peer-to-peer transactions, which means there is no role for them in the facilitating of that transaction, no bureaucrat who needs to approve it. They can't print it, which means they can't control it. Since they don't get anything from it, it doesn't immediately expand their power or justify their existence. So how can they relate to it in a way that justifies their role? Well, it makes a great "problem" that they can solve, since they can say its the currency of crime. They can say that, whenever it crashes its because it wasn't regulated by them. I think that its infinitely more likely they'll try to punish it then help it, since they don't gain anything from helping it.