Topic: Bitcoin and governments - page 2. (Read 2495 times)
I think the government does not allow people to use bitcoin for many reasons. The value of bitcoin is unstable. invest in bitcoin if you do not know how prone to pretend virtual fake pages and misappropriation of money. This is because the deals are mainly on the internet so the risk is quite high. Hackers can steal your money. Bitcoins are also tax exempt so allowing people to use bitcoin is not profitable for the government. If people use bitcoin, they must close the bank.
The government always wants to be powerful, and always does not want new things to snatch their own cheese, unless this new thing is helpful to yourself. And bitcoin is also a huge threat to the banking industry. So it's often seen that the government and the bank - related people are blowing up the bubble of bitcoin
I think if bitcoin and government is combined, it is much more disadvantages than advantages. And its better if bitcoin dont try to get invovle in government just stay the same, no government to control it and bitcoin is free to move and no law to obey. Bitcoin is much better even without government companion to over rule it and what to do.
government need to collect tax and they can't collect from bitcoin. some countries are already studying it how they can implement it in their country.
The government always wants to be powerful, and always does not want new things to snatch their own cheese, unless this new thing is helpful to yourself. And bitcoin is also a huge threat to the banking industry. So it's often seen that the government and the bank - related people are blowing up the bubble of bitcoin
I think if bitcoin and government is combined, it is much more disadvantages than advantages. And its better if bitcoin dont try to get invovle in government just stay the same, no government to control it and bitcoin is free to move and no law to obey. Bitcoin is much better even without government companion to over rule it and what to do. 
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?
Governments has been always the reason why the legalization of bitcoin is still delayed. So I think it is good that bitcoin will not be legalized so that government will not going to control it
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.
Government don't want that their people use a decentralized currency with anonymous transactions because government can't keep an eye on the money of public and there will be also taxation issues. Many countries have already legalized bitcoin but they regulated it first. Yes they can strongly affect the economy of a country if majority of the people in a country use them.
Its time they reconsider each local currency and market system and try to learn from bitcoin. Trying to change bitcoin and be hostile with it will get them to nowhere, they can't stop bitcoin by banning and whether they like it or not it truly will affect the economy but in an advantage for the people whom the government should be serving in the first place.
The Governments all over the world are not regulating bitcoin as the main currency due to several factors such as bitcoin network is highly decentralized and no one has control over the network not even the government and the central banking system, they cannot impose tax as there is high anonymity in using the bitcoin and blockchain technology, no one will be able to know who is sending money to whom only the receiver and the sender knows through the network, as it is a peer to peer payment system. As more and more user's are entering the bitcoin network the Government from most of the countries are trying to adopt this bitcoin and blockchain technology by creating a new crypto currency like bitcoins.
Bitcoin is a site that has a huge amount of money to earn and make a bitcoin.Bitcoin is the life of the loser while the bitcoin value grows in size.Bitcoin will change our world and get to the hardest of our country's poverty. Bitcoin will also cause the development of a poor and low-class nation. It's easy jobs and leverage when bitcoin has their attention and time.
Governments are required by law and need to follow in order to improve a country.A government is the system or group of people governing an organized community, often a state. In the case of its broad associative definition, government normally consists of legislature, administration, and judiciary.
Governments are required by law and need to follow in order to improve a country.A government is the system or group of people governing an organized community, often a state. In the case of its broad associative definition, government normally consists of legislature, administration, and judiciary.
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?
The Indonesian government seems to have yet to provide clear regulation on virtual currency including bitcoin. The government's stance is generally to prohibit transactions using currencies other than rupiah across Indonesia. But to determine the bitcoin as a commodity or not is also unclear. Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?
Definitely yes that cryptocurrency has an effect to economy. If the government will legalize cryptocurrency they will impose tax. Government will receive a huge amount of money coming from the taxes. But theres always a consequences.
To compare between Bitcoin and the government . Bitcoin is uncontrollable by any central organization. Government should recognized this currencies and make some rules and regulation to have shares of it. There are many complicated conditions that should be considered before implementing a cryptocurrency to be officially adopted in a country. Maybe, it's normal to predict a position in the next few years as well as in the political changes.
The government always wants to be powerful, and always does not want new things to snatch their own cheese, unless this new thing is helpful to yourself. And bitcoin is also a huge threat to the banking industry. So it's often seen that the government and the bank - related people are blowing up the bubble of bitcoin
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Government will lose all the taxes and tariffs from exercise and duty. The government will be poor and could not exercise most of her duties to her citizenry. That is more reason why Governments will never legalize Bitcoin.
Bitcoin will always be a threat to government as long as government can not control it. Government always want something they can control, don't want citizens having total freedom over wealth
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Some countries are already regulating the use of bitcoin, that is a start. Bitcoin is still very young, and it is still a long way before countries start legalizing bitcoin but it can happen.
Right, bitcoin is still young, it needs more development. It is bad when bitcoin is considered a forbidden currency in my country. But fortunately this management is not very strict, I can still use it freely.The government is afraid of losing its revenue.
i am thinking the same to you. we know that people which convert their bitcoin into fiat doesn't have to pay the taxes and if government can apply taxes to us, imagine how much we should pay to them. and from bitcoin only, i guess the government will take huge money if they applying taxes and they can add more revenue.
That's when cryptocurrencies will begin breaking the monopolies of governments to collect seigniorage income—the acquisition of commodities and assets by printing money. Sadly for Bitcoin enthusiasts, the day Bitcoin replaces national currencies will never come. Big governments have the power to crush Bitcoin before Bitcoin crushes them. But things may change once cryptocurrencies gain greater acceptance by the "early majority," a larger group of individuals that turns the small demand for these currencies into a cascade, replacing national currencies as a medium of exchange and store of value. Still, the digital currency won't disappear. The technology behind it is far too powerful to be controlled by big government. Bitcoin will return back to its old role: a collectible currency for tech savvy enthusiasts.
Some countries are already regulating the use of bitcoin, that is a start. Bitcoin is still very young, and it is still a long way before countries start legalizing bitcoin but it can happen.
Right, bitcoin is still young, it needs more development. It is bad when bitcoin is considered a forbidden currency in my country. But fortunately this management is not very strict, I can still use it freely.The government is afraid of losing its revenue.
yes the government should provide support for bitcoin users who are in the country, because with the development of bitcoin is increasingly will certainly give a good influence for the economy of its users
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