Bitcoin and Government. - page 15. | Bitcointalksearch.org

jikurpa

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Quote from: queennathalia on November 04, 2017, 03:27:24 AM

Is it good combination about bitcoin and our current government? lets talk about this things if these two option was combined in the future, Our government used bitcoin and spread to every people in there countries. For me it is good. why?

Because:
1. Is good for all businessman for good transactions. Buy something and sell something.
2. Is good for payments needs to pay like billings every month.
3. For less time and moved for travelling on anywhere we want.
4. Its easy to transfer money from other country with less taxes. this favor is aprove for ofw's
5. Easy to transfer money if they needed immediately like emergencies. pay for medicine.

Theres a lot of good reason.

maybe your opinion is good too but in my country real currency is more dominant than in digital currency like bitcoin and bitcoin not yet fully known in my country and in my country there is no legal force can to protect bitcoin assets itself

haltingprobability

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"Government embracing Bitcoin" doesn't make sense. It's like "government embracing cryptography". It's in the nature of cryptography that it works whether or not any government approves or embraces it. And government approval can change nothing about how encryption works. The governments of the world might want to build their own "cryptocurrency" but why would anyone use it? That's like using an encryption algorithm built by the NSA behind closed doors. Almost any other alternative is superior. The idea of "blockchain technology" being deployed by corporations is equally nonsensical. If you are a corporation, you can already trust your own servers. You have no use for a trustless ledger. The whole need for a technology like Bitcoin is created by the central banking system and the government's control of currency. People want to use Bitcoin because they're tired of being forced to use funny-money that is inflated, taxed and seized by the government and its corrupt banking system, at will.

dimastegar

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Small Trader

Bitcoin may be good. But not a few countries also prohibit the use of Bitcoin. And not everyone in a country, is a Bitcoin user. Well, the lack of Bitcoin that can only be used with a device, will reduce the practicality of payments such as local currency.

Yakamoto

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Quote from: xsaints128 on November 04, 2017, 05:33:43 PM

If the government embraces bitcoin its gonna be huge for bitcoin, its price will skyrocket and moreover it will be really helpful for a lot of people. It will help in easy payment when buying and selling things.

The government embracing Bitcoin will only be important if they start to make an effort to turn Bitcoin into a primary source of economic movement, the only thing that we get out of Bitcoin being an asset that is "accepted" by a government is that there will be no threat of regulation, and that does free up everything somewhat but it really isn't all that important in the grand scheme of things.

Bitcoin still has a slightly long ways to go before it is easy enough for the average person to use, mostly because they won't want to learn how it works and/or will need it simplified so that they're able to use it better.

Harrisonimo

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Quote from: queennathalia on November 04, 2017, 03:27:24 AM

Is it good combination about bitcoin and our current government? lets talk about this things if these two option was combined in the future, Our government used bitcoin and spread to every people in there countries. For me it is good. why?

Because:
1. Is good for all businessman for good transactions. Buy something and sell something.
2. Is good for payments needs to pay like billings every month.
3. For less time and moved for travelling on anywhere we want.
4. Its easy to transfer money from other country with less taxes. this favor is aprove for ofw's
5. Easy to transfer money if they needed immediately like emergencies. pay for medicine.

Theres a lot of good reason.

As much I did agree in the synergy, I did like individual governments do a comprehensive research and to know if they can run And operate with what the blickchain/Cryptocurrency has to differ. And really, the advantages will definitely outweigh the disadvantages. Things are meant to be done with ease and faster too. I also did heard that government is not able to tax earnings made via bitcoin so they ain't rlly cool with this too.

xsaints128

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If the government embraces bitcoin its gonna be huge for bitcoin, its price will skyrocket and moreover it will be really helpful for a lot of people. It will help in easy payment when buying and selling things.

yen10

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I think bitcoin and government will be a good combination but there might be some problems also. Its good because it makes bitcoin legal and official as an alternative currency. And because of that, we can use now bitcoin as a mode of payment freely. But it might also post some problems because government can now control and regulate bitcoin that might minimize its potentia.

buharikx31

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Quote from: queennathalia on November 04, 2017, 03:27:24 AM

Is it good combination about bitcoin and our current government? lets talk about this things if these two option was combined in the future, Our government used bitcoin and spread to every people in there countries. For me it is good. why?

Because:
1. Is good for all businessman for good transactions. Buy something and sell something.
2. Is good for payments needs to pay like billings every month.
3. For less time and moved for travelling on anywhere we want.
4. Its easy to transfer money from other country with less taxes. this favor is aprove for ofw's
5. Easy to transfer money if they needed immediately like emergencies. pay for medicine.

Theres a lot of good reason.

It's good for us, but not every goverment want to allow bitcoin as a currency, because of the anonymous transactions and possibly no paid taxes.People are intrested on cryptocurrencies but i think a lot of goverments will denie digital cryptocurrencies because of the not possible vision transactions

subSTRATA

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:^)

Quote from: nappoleon on November 04, 2017, 04:25:29 AM

This kind of thinking is flawed. Because you begin with the premise that governments are benevolent and good which are not. Plus, when government adopt cryptocurrency like bitcoin. It is decline to its countries own currency there lowering the trust and demand for it, and they eventually lose power.

ideally, they are supposed to be benevolent entities that exist to serve its populace. however, it remains a fact that human beings with their own interests in mind (and puts those interests ahead of those of the people) are the ones that write and pass the laws we live by. now, there are people that work in the government who are true public servants, and live to serve, but this doesn't hold true for the great majority, which is what matters. were the government (ill use the US government as the point of reference here as that is the one im most familiar with) comprised mostly of altruistic congressmen, i've no doubt that bitcoin and blockchain research would have been brought up in congress a long time ago in an attempt to introduce a new technology that might benefit the people.

BitcoinIsAlgebraic

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Governments and the blockchain are probably a good combination but its the government which fear Bitcoin and will not use it in any shape or form.

queennathalia

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Quote from: johny.valencia2 on November 04, 2017, 12:28:00 PM

i think they both are the enemies of each other.they cannot walk with each other on each stage.bitcoin has exit many of the transactions and investments of banks due to people now focus on btc instead of govt.

so instead of discussing or contending find a good solution. many governments do not think people are in a difficult situation. others say it's difficult to understand bitcoin with people. You say the same bitcoin and government are both hostile. there's no good way to do it right now.

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queennathalia

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Quote from: zais on November 04, 2017, 05:52:07 AM

Quote from: queennathalia on November 04, 2017, 03:27:24 AM

Is it good combination about bitcoin and our current government? lets talk about this things if these two option was combined in the future, Our government used bitcoin and spread to every people in there countries. For me it is good. why?

Because:
1. Is good for all businessman for good transactions. Buy something and sell something.
2. Is good for payments needs to pay like billings every month.
3. For less time and moved for travelling on anywhere we want.
4. Its easy to transfer money from other country with less taxes. this favor is aprove for ofw's
5. Easy to transfer money if they needed immediately like emergencies. pay for medicine.

Theres a lot of good reason.

in terms of digital money whose name is bitcoin in my country there is no government interference, whether in the future what the government will take over the bitcoin is not understood. but I do not expect that to happen, because bitcoin with its own rules is enough

you're right. they might not mind bitcoin or watch it if it's going to be in our economy, for the better it would be if they were to properly understand it. If the government does not control the bitcoin, it will be fine a good way for everyone to care for our lives.

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queennathalia

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Quote from: zarados on November 04, 2017, 05:33:35 AM

as I know, most governments see bitcoin as a threat to their economy. the list you mentioned is a very good benefit, but not for the government. Even if the government wants to use cryptocurrency technology, I think they would prefer to create their own cryptocurrency instead of using bitcoin. One thing they can benefit from bitcoin, I think by taxing it, as it is today.

In my dedication, so the government wants that they do not want people to see or watch their transactions. Is not it bad if we see it? In bitcoin people are more able to monitor government spending on government projects. there is no need for the government to fear that there is nothing wrong with it. am I right?

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queennathalia

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Quote from: 777Bitcoin on November 04, 2017, 04:37:37 AM

If the government your talking about is not corrupt and self centered individuals then this would work.. But knowing how government officials only thinks for profit of they’re own and not for the country then this just a waste of time for us on hoping that big positive result. I always give the government of each country a chance to prove we’re wrong.

One of the reasons is that the bitcoin and government systems do not agree with them because they do not want to lose big wages, in our day the politicization is one of the professions that you succeed in making you rich. but the government does not really know that politicization is a task, to lift its place and to enrich it. most are self-sufficient than the people. things are going to be good for people like bitcoin.

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johny.valencia2

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i think they both are the enemies of each other.they cannot walk with each other on each stage.bitcoin has exit many of the transactions and investments of banks due to people now focus on btc instead of govt.

Vannie12

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Yes it is. Its good that our government should unite with bitcoin because they have their same vision to our country which is to give a better life for
everyone. There are lot of reason why bitcoin and government should join together as i have said they have the same vision or goal. If that happen we can assure a good economic living for everyone. Everybody has equal oppurtunity and equal standing in our society. It can also lessen the unemployed person and everyone will be living in the fullest, that there is no rich or poor. I am hoping that someday it will happen and have a bettee relationship.

Kaller

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Governments have shown the five stages of grief while dealing with the reality of Bitcoin taking over everything they know about money. But this has deep roots because centralized money causes you to take certain things for granted and makes you miss the point when looking at Bitcoin. The decentralized aspect is huge and I wonder how many newcomers even understand that part while they're buying looking to get rich.

FoxTheHuman

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Quote from: Vimdesk on November 04, 2017, 04:00:42 AM

that's your opinion! if Bitcoin is accepted in a country and the government agrees to use payments through Bitcoin, what about the conventional money used every day? this indirectly will make the infrastructure of a country no progress forward

Not only that, it is a lot of risk if it is accepted as a form of payment, especially anonymous transactions are difficult to control, it is easy to break the law.

mobnepal

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Quote from: queennathalia on November 04, 2017, 03:27:24 AM

Because:
1. Is good for all businessman for good transactions. Buy something and sell something.
2. Is good for payments needs to pay like billings every month.
3. For less time and moved for travelling on anywhere we want.
4. Its easy to transfer money from other country with less taxes. this favor is aprove for ofw's
5. Easy to transfer money if they needed immediately like emergencies. pay for medicine.

1. But those business owner can easily hide what they are earning through business and can pay low tax to government.
2. When you will pay bills every month through bitcoin, other third party payment provider (tied up with bank) can't charge fees.
3. You can than easily move money in and out of the country, banks will not get any Foreign exchange fees.
4. Less taxes, you can send bitcoin out of the country without paying any taxes and getting noticed.
5. There are banks which offer mobile payment and online services for quite huge yearly/monthly charge , how they gonna earn if you will use bitcoin.

Government + banks is the one who rules the country and print as much money as they like every year. They are just afraid of bitcoin taking over whole financial system so they are just trying to ban bitcoin.

13abyknight

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Governments around the world have their own stance on Bitcoin. While most of the nations support the blockchain technology that Bitcoin is based on, some of them have declared outright opposition against the cryptocurrency. Honestly though, when governments see the applications of a currency like Bitcoin which is completely digitised without any flaws, most of them would work towards implementing such a system unless we're talking about China.

Topic: Bitcoin and Government. - page 15. (Read 3607 times)