Topic: Btc and government, what does the future holds? - page 5. (Read 1548 times)

I don't think there will be more to do that will affect bitcoin price than what we have see in the past. Chinese people bank fight exchangers throughout last year and that dawft bitcoin price throughout 2016. Governments see  to wait until bitcoin become  so important before they will attack it again. Fight bitcoin especially the exchangers will course bitcoin to be use underground and from there  governments will try to stop the acceptability of it.

It is not just dicatorships which take actions like stifling free speech and banning Bitcoin; democracies can do so too. They will just do it under the guise of greater good for the people. Or even if they don't ban Bitcoin, they can impose regulations which suffocate it.

The problem with effective Bitcoin is that it should be global, permanent and unanimous to work. If only one country will ban BTC then due to global nature of Bitcoin - it won't be effective.
So far global ban is highly unlikely to happen and move like that will create great social unrest - banning new promising new technology is not something that serious movements will do.
Instead I expect that we will have full 'legalization' and taxation of bitcoin introduced at some point in the future - it is better to gain some profits from it that fight with it.

Haha yeah, some pity countries are governed by dictators and only their bitcoins can e banned by a single person. But other countries that operate according to democracy, it is very much difficult there to ban bitcoins since they are providing people with liberty of using their money. Such countries can impose taxes on bitcoins.

Many governments have already realized that it can be futile to fight off Bitcoin and they now see that the technology behind Bitcoin can be working to the advantage of the economy and hence there are already many people in power who are supportive of Bitcoin and the businesses rising out of Bitcoin. We are already past that phase of the Bitcoin life where those in power can be doing whatever they can so that they can be able to fend off people from using and trading Bitcoin or any other coin for that matter. Bitcoin is slowly but surely moving according to schedule.

My goverment still forbid bitcoin usage but I'm still able to use bitcoin freely without fear getting jail , hope it will not happen though
I think bitcoin shall being treat as high risk investation rather than being ban , IMO , since bitcoin have more advantage and more benefit for people to do transaction world wide

Once the government realizes it could benefit from it, it will certainly try to get it's fingers into honeypot. How exactly will it be done remains to be seen.

It depends on which government you are talking about. I can't see any of the major western governments doing this. However some of the smaller governments may try to do this and somehow try to monetize it.

It depends upon country to country. Government banning Bitcoin overnight is very much possible, there are many countries which are wary of Bitcoin and see it as a threat. Along with legalization we will definitely see some ban too in future. But if you say Bitcoin will be banned everywhere in the world. Then that's far from possible. Every country has its own opinion regarding Bitcoin. Not all countries work in harmony. There is lot of hate between countries going on. I don't see there will be a complete ban on Bitcoin. Also, countries where Bitcoin is illegal. People are still investing and trading because banning something over Internet is certainly not easy.

In Russia, it already happened when bitcoins were banned and then this ban was removed. In India it happened with fiat where few high denomination notes were banned and then they issued new notes and hence it can happen anytime. If your Government is strict, laws and rules get applied overnight and hence we need to prepare for anything but then they reconsider it if the users face too many difficulties like Russia did it considering the demand for bitcoins.

It's not impossible, but I suspect the government will be far more interested in monetizing bitcoin themselves - in other words, tightening up regulations on exchanges in order to make sure that they're either taxed up-front or reported to the government exactly as securities brokers are required to submit reports to the IRS for tax purposes. In fact, bitcoin has a far better chance of being accepted by governments than some of the other, more anonymous coins like Monero or DeepOnion; as much as I think that DeepOnion is a cool idea, and intend to do whatever I can to help, I think that coins offering total anonymity will face a very tough road gaining acceptance in society because of the possibilities for financial crime. Bitcoin can be tracked with blockchain analytics, which will help it in gaining legitimacy with law & order types.

That being said, Mark Cuban just invested $20m in bitcoin - so if he manages to make Deflector-in-Chief Trump feel ashamed of himself for not beating his own personal Iago, it's reasonably likely that Trump will react like a 3-year-old who's had his favorite toy taken away and try to launch a moral crusade against bitcoin. That's probably more of a danger for bitcoin than any real problems with the bureaucracy integrating it into the current financial systems & tax laws, considering the tax revenue they'd gain by integrating it.

And could a government start to ban Bitcoin? It could monitor/control any service such as an exchange, a web wallet, any thing used as a middleman. But as long you are using Bitcoin with a software wallet, how could the government track you? They can not monitor your computer/smartphone to see what you download and what you do with it... Ok true that they can see what you download (with the help of ISP etc) For example in my country, downloading an illegal movie is forbidden and they do track this, many of citizens receive warnings (after 3 they shut down your internet connection lol) So in the case the government can see you downloaded a Bitcoin client, does it mean you used Bitcoin? Nope. It would need to see the activity you do with your wallet, and to be able to do this it would need to "hijack" your computer.
It could be done with a partnership with Microsoft for example. But for the sake of our privacy, this will lead to a drama. And in case it happens, the majority of  GNU/Linux will refuse

Whatever comes out of box, it will be facing many issues at different levels. We are well aware that bitcoin is spreading over the world so fast that it would be international currency in coming decade I suppose. So what you think government will be seeing the joker show? No they must try to make it centralized or anything to it.

The government forbids bitcoin, because bitcoin is not a valid thing in the rupiah exchange, but I do not worry .. because I am sure, bitcoin will grow rapidly from year to year.

Never, the government does not accept the use of bitcoin. This alternative economy which is not needed by the government. Any talk of legalization is only an attempt to establish control over the users of bitcoin and the opportunity to take the sales tax cryptocurrencies.

this is very annoying the government has indirectly anticipated the use of bitcoin governments in my country have argued about raising income tax on the internet Indirectly has carried out the persecution of the people who do business on the internet including bitcoin

With the continued growth of bitcoins and increased adoption.
The government wouldn't be a problem for Bitcoin in the future, I don't foresee the government banning its usage though anything can happen.

Yeap, that is more visible; that as the awareness grows, people get involved in it, transaction done with it either mandatorily or by choice. A chain on it would evolve. Yes

The thing you are thinking here is really possible government can really do such thing but later on they would realize that banning them wont be senseless because they cant still able to stop bitcoins adoption or being used by people of the world since its a decentralized and anonymous thing which as long we do have internet connection we would really able to make use of it no matter how they would ban those services.