Topic: Bitcoin and governments (Read 2495 times)
Bitcoin claims that “It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.” That lack of central authority is the primary reason governments are afraid of the cryptocurrency.
Government actually recognize bitcoin as a crypto currency in which a lot still need to be sorted out. The government knows and some people among them use bitcoin, but when it comes to the constitution of the country, what is it saying concerning the crypto-currency? It just have to be debated and come to a clear blue print concerning their deliberations. There are countries that have approved the Bitcoin, with policies on how it is going to be regulated, used and taxed, depending on the countries involved.While government of countries that are yet to embrace Bitcoin, tends to frown at its activities and there by warning its citizens to desist from investing in bitcoin.
bitcoin can really be dangerous for the government...but I don't think that the leaders of the countries would allow this to happen if it really was so...most likely that somehow they can control everything and just observe the reaction of the population
Hi btkers , discussion about the relationship between governments and cryptocurrencies.
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?
Because governement doesnt want the banks to be less profitable when it comes to monetary transactions. As we all know banks are one of the biggest taxpayers while Bitcoin has a tax-free transaction, the government literally get nothing from every transactions made, and they dont want to see banks closing down because Bitcoin is rolling up. This is why its hard for the government to embrace the era of cryptocurrency, Im sure their looking for a good medium to fit this kind of technology in our society, lets give it a few years.
I don't want bitcoin to be legalise. Apart from it will destroy the balance and peace between the government and the govern, there's a high chance it will badly affect the future. Bitcoin is awesome right, but then again it can be use in such ways one will wonder.
Hi btkers , discussion about the relationship between governments and cryptocurrencies.
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?
Yes, it can really affect to the economy of the country. Because government cant liquidate the money in the world of bitcoin. It might also be people do depositing in bitcoin rather than banks. The supply and demand of the money will decreases the factor in economy basis. Because cryptocurrency are its own world or should I say has its own government.
Hi btkers , discussion about the relationship between governments and cryptocurrencies.
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?
Bitcoin was already affecting the economy of every country here in our country the bitcoin was not legal and they are giving news that if you are joining in bitcoin you are go to in prison and they are always saying that it is a scam so that government here in our country was not approve and accepted the cryptocurrency.
I don't think bitcoin will be accepted by the government due to its transparent transactions which cannot be track. Or maybe they have more better reason for refusing bitcoin right now.
bitcoin and government to unite I do not think it would be possible because if bitcoin has been set by the government then bitcoin will not develop because bitcoin has high privacy on its users. Imagine if bitcoin is governed by the government means bitcoin is no different from ordinary currency and this will cause bitcoin to stop growing because its identity has changed.
Hi btkers , discussion about the relationship between governments and cryptocurrencies.
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?
I think it's happening, people's economy is getting messed up by the presence of bitcoin at a very high price. They big investors may be relaxed because they are a lot of money to invest, but middle-class people down will be difficult to buy bitcoin.
Hi btkers , discussion about the relationship between governments and cryptocurrencies.
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?
for now government relations with bitcoin in my country has not been so intertwined because bitcoin has not been inaugurated by my government, the possibility of bitcoin can affect the economy governed by all live government that manages if good certainly will be a good relationship and for economic progress in government Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?
Don't worry. The government will use bitcoin within a short time when they will see, it is better to use.
I think the government should first think about whether to legalize bitcoin domestically, think of its positive and negative impacts. If they think, bitcoin has a greater negative impact on positive impacts, the government will not legalize it, and vice versa. I strongly believe that bitcoin can affect the economy of the country, if the prosperous economy rely on bitcoin then the country's economy will improve.
Bitcoin cannot really affect the economy of a country because if that is possible then bitcoin will become a very popular cryptocurrency or coin in different major countries since it can affect the economy of a country and makes it even better which is not really happening. Bitcoin and other type of governments will just stay for being not decided because they still need time to study each side.
I think the government should first think about whether to legalize bitcoin domestically, think of its positive and negative impacts. If they think, bitcoin has a greater negative impact on positive impacts, the government will not legalize it, and vice versa. I strongly believe that bitcoin can affect the economy of the country, if the prosperous economy rely on bitcoin then the country's economy will improve.
The governments don't want to officialize bitcoins because it's a decentralized currency, and it means that government can't control transactions. The taxes are important 
If a country has legalized bitcoin, then the government will cooperate with the crypto world in a country's economic growth.
Hi btkers , discussion about the relationship between governments and cryptocurrencies.
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?
Bitcoins and governments don't go too well together. The government, in our case, always wants a piece of everything we have. So to even try to harmonize bitcoins and the government would be catastrophic to us owners. They'll tax it. They'll "regulate" it is what they say. Only for us to fine out that they're leeching the hell out of our bitcoins.
for me personally, it can help in financial. and i admitted that bitcoin is best resource to earn money.
so, just imagine if government, all people that work in government try invest or work in bitcoin, believe it, will be advancing the nation, decrease unemployment, and many thing that bring positive impact
so, just imagine if government, all people that work in government try invest or work in bitcoin, believe it, will be advancing the nation, decrease unemployment, and many thing that bring positive impact
In the government as a rule there are rich people who want to maintain their influence. And they are satisfied with the existing order in all the new they see as a threat. The government should not regulate bitcoin. Over time, the community will solve its problems.
Not only chinese government try to get control of bitcoin,all the government including american government.All the reason behind this is bitcoin make a influence in their own country economy.Bitcoin give a job to unemployed people,give money to the people need of additional money apart from their salary.This are the reason behind the government activity in bitcoin.
Probably they can co-exist if the government will have the possession and control of bitcoin especially if they can be imposed regulatory tax on bitcoin. But as of now even though many businesses and banks here in our country are accepting bitcoin exchange or cashing out the government are wary of buying bitcoin in our country especially now that the holiday season is coming, that people may spend their bonuses and benefits in buying bitcoin which is why they are imposing some regulations regarding the transaction of bitcoin.
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