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Topic: Bitcoin and governments - page 5. (Read 2460 times)

newbie
Activity: 28
Merit: 0
August 30, 2017, 08:47:36 AM
#73
POST REMOVED
hero member
Activity: 2590
Merit: 644
August 30, 2017, 08:21:38 AM
#72
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?
They don't legalize the cryptocurrencies because they see a threat in bitcoin or any cryptocurrencies like it can surpass all the old strategies that they are using on their country to distribute their services and they also think that it will affect their income because if the people will use cryptocurrencies then the user of the fiat will decrease and it will lead for a huge loss for their overall country income.
full member
Activity: 477
Merit: 102
Radix-The Decentralized Finance Protocol
August 30, 2017, 08:16:55 AM
#71
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?

Many reason why goverments not use cryptocurrencies, goverment can implement blockchain as a solution but not for cryptocurrencies.

it is very difficult to say whether cryptocurrency affects the economy of the country or not, the fact is cryptocurrency can affect its citizens
Same thing with gold - in most of countries there are laws that doesn't allow using gold because of great taxes for selling/buying.
legendary
Activity: 1288
Merit: 1043
:^)
August 30, 2017, 04:58:44 AM
#70
There are lots of reasons why the government does not support Bitcoin. First, it is decentralized. No one has a control over it. Second, even the criminals and terrorists can use Bitcoin. The government does not want to encourage it. Lastly, Bitcoin has high risk in using it. The government is still studying if it is beneficial if they will accept it. There are still lots of reasons.
you've got pretty loose arguments there; the dollar, euro, whatever, can be used by drug dealers, terrorists, you name it. does the fact that terrorists might be using the euro as their currency cause governments to shun the euro? pretty sure they don't. and you fail to state exactly why using bitcoin is so 'risky.' you provided a statement, now back it up. I'll agree that governments are studying bitcoin and related technologies though, weather or not they will accept it after said studies are complete are an entirely other matter though.
legendary
Activity: 3108
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
August 30, 2017, 01:51:20 AM
#69
If implemented it can somehow change the economy and that is just for the start.
If it is completed and be a part of the daily lifestyle of people it will grow more and might make a big impact with the economy of the country.
Just looking at what technology had done. Almost all people are leaning thru the internet and want everything to be dealt online. Bitcoin is for that purpose.
full member
Activity: 290
Merit: 100
August 30, 2017, 01:32:41 AM
#68
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?

Not all of the Governments are not accepting or making bitcoin as their currency, Japan already make bitcoin as their currency, so it is not impossible anymore for the other country to make it happen also. Bitcoin ETF must be approved by the SEC first I think before all of the countries making bitcoin as their official money.
sr. member
Activity: 910
Merit: 251
August 30, 2017, 01:17:59 AM
#67
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?
How can the government do that, if bitcoin or cryptocurrencies are decentralized, we all know  government in each is country are centralized. Therefore, for making it officialize  that won't be happen as long as it is decentralize.
full member
Activity: 126
Merit: 100
August 30, 2017, 01:09:33 AM
#66

Can't seem to comprehend how this two different body may worked together except for those country's with such great governments and discipline people from Japan. But I don't think it suits to the other part of the world as corruption rate is high and the people are not law abiding citizens.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
August 30, 2017, 12:55:36 AM
#65
Bitcoin is the most popular investment for now, everyone hunt and buy bitcoin, marketcap cryptocurrency has raised more than $150 M and I think the governments must accept bitcoin as legal second payment.

Is the market cap really $150,000,000,000?! I remember when we were waiting for it to be just $1,000,000,000 years ago. Oh, how things have changed. hahaha
Whether we liked it or not, it will really change and still it will evolve. I still remember those past old days where the value was almost being rejected by people, and look at it now? it really grows faster than we could imagine. I also thought about this back then, I have read some posts regarding those medias and government, as I recall they consider bitcoin as a member of media, but for me it would be basically belong to economy, where circulation of currency happens. Let us just wait further and watch out what might gonna happen.
better to be more keen in learning how this will be adopted by more countries and how it will be hyped by more news that will be happen inside crypto
industries I guess we cant stop things to happen but we always have a chance to go along with any changes.
member
Activity: 163
Merit: 10
August 30, 2017, 12:37:50 AM
#64

there are some countries where the government has regulated bitcoin, but most governments do not regulate bitcoin because it is difficult in their supervision and many issues must be studied for the government, especially from taxation and security guarantees of customers' money in bitcoin that is why many countries have not regulated bitcoin although in fact in terms of the economy can create a better economy for the government
full member
Activity: 364
Merit: 100
August 30, 2017, 12:23:40 AM
#63
i think, if the governments will use the cryptocurrencies they must have strong security against hackers who might try to visit them. and that is not easily like as we thinking about.
full member
Activity: 210
Merit: 100
August 29, 2017, 11:10:09 PM
#62
I for one think that the government may not be really that inclined to pass a bill or law legalizing the use of cryptocurrency in the jurisdictions.
One of the reason why they dont want this to happen is that theyll lose the power to monitor the exchange happening to cryptocurrency...
We cant deny the fact that governments around the world would always want to have their eyes on any transactions happening in thier countries especially if it is related to money.
Politicians may now also start to hoard some bitcoins for themselves but not totally informing the public what is happening with cryptocurrency nowadays...
Knowledge with cryptocurrency can also make someone selfish....
legendary
Activity: 1022
Merit: 1043
αLPʜα αɴd ΩMeGa
August 29, 2017, 11:01:24 PM
#61
Bitcoin is the most popular investment for now, everyone hunt and buy bitcoin, marketcap cryptocurrency has raised more than $150 M and I think the governments must accept bitcoin as legal second payment.

Is the market cap really $150,000,000,000?! I remember when we were waiting for it to be just $1,000,000,000 years ago. Oh, how things have changed. hahaha
Whether we liked it or not, it will really change and still it will evolve. I still remember those past old days where the value was almost being rejected by people, and look at it now? it really grows faster than we could imagine. I also thought about this back then, I have read some posts regarding those medias and government, as I recall they consider bitcoin as a member of media, but for me it would be basically belong to economy, where circulation of currency happens. Let us just wait further and watch out what might gonna happen.
sr. member
Activity: 588
Merit: 250
August 29, 2017, 10:55:26 PM
#60
Bitcoin is the most popular investment for now, everyone hunt and buy bitcoin, marketcap cryptocurrency has raised more than $150 M and I think the governments must accept bitcoin as legal second payment.

Is the market cap really $150,000,000,000?! I remember when we were waiting for it to be just $1,000,000,000 years ago. Oh, how things have changed. hahaha
newbie
Activity: 266
Merit: 0
August 29, 2017, 09:56:31 PM
#59
Bitcoin is the most popular investment for now, everyone hunt and buy bitcoin, marketcap cryptocurrency has raised more than $150 M and I think the governments must accept bitcoin as legal second payment.
hero member
Activity: 2716
Merit: 904
August 29, 2017, 08:01:18 PM
#58
For me I think cryptocurrencies has huge effect and it help economy in the country because it bring more money from outside the country, government should recognized this currencies and make some rules and regulation to have shares of it.
sr. member
Activity: 686
Merit: 255
August 29, 2017, 03:30:37 PM
#57
I think it's better that the government does not authorize bitcoin in payments in the country because it affects the native currency in any country.it's better if bitcoin is just an alternative payment but does not break the rules.
full member
Activity: 294
Merit: 100
August 29, 2017, 01:27:48 PM
#56
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?
I think the government does not legalize crypto because of its unstable price, but it also has decentral crypto where the government can not regulate price, volume, etc.
full member
Activity: 322
Merit: 100
August 29, 2017, 11:47:58 AM
#55
Governments' most favorite dish is TAX. As far as they won't be having anything from crypto currenct transactions, they won't be willing to support / promote it.
full member
Activity: 1134
Merit: 103
August 29, 2017, 11:40:28 AM
#54
To compare between Bitcoin and the government, one thing is to say the government does not like Bitcoin.The government does not want the digital currency people to use.The government does not get huge amount of VAT on digital currency transaction.

I think the government needs tax once if people are paying taxes on time then immediately governments will accept Bitcoin as a legal currency. See how Japan and Australia have legalized Bitcoin as a payment method in their country because they don't want to loose on people usage.
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