what's the solution? how you going to stop people from manipulating bitcoin like this? design a better bitcoin? pull all your coins away from third parties? people are still going to use third parties and even create debt instruments regarding bitcoin, even if we don't want them to. I am not anti-government, but I doubt governments are going to help.. and I am not even sure if there is anything that governments can do to actually "help."...
I also have the same view as you, is this third party more inclined to the government as a state stakeholder?If I don't fail to understand the content of your comment. (Please straighten)
Bitcoin if connected directly to the government will experience discretion, is this possible?
because they never take bitcoin seriously, all they think about is how to benefit from bitcoin adoption, it's not wrong if they think so, but sadly bitcoin is no longer attractive for decentralized system, because they will adopt according to interest.
The government should open up the widest possible space for bitcoin growth, thus bitcoin management will run on the desired path, the more people who take part, the greater the opportunity for state tax revenues to increase.
Important note, the government must make special regulations regarding transaction taxes in crypto or bitcoin, regulations are made based on transactions and convert bitcoins to fiat currencies (Respective Country Currencies), for example each transaction is subject to adjusted tax, tax deductions are made directly by the bank concerned, so that the tax will go to the state treasury, thus the more transactions carried out, the greater the profit obtained.
Especially for my country, currently the Bank has cut every transaction by 10K.
On the other hand, let bitcoin grow, thus fiat currency becomes the most important part of bitcoin journey.
I don't really disagree with anything that you said in your response to me - even though it seems to me that you are expressing different concerns than the ones that I thought that I was attempting to question.
It seems to me that we are not always going to be able to ascribe the goals and tactics of governments in the same ways across jurisdictions because some governments may well consider themselves to be more friendly to bitcoin and others might take a more hostile approach - with all kinds of variations in between, so I was not necessarily trying to categorize the various approaches that governments might take or if there might be some common parameters in which various governments might be treating bitcoin (and/or other crypto currencies when they might end up lumping bitcoin regulation in with the regulation of various other crypto currencies/assets, too).
Nonetheless, on an individual level, we are likely going to be better off to attempt to assess how we might go forward in terms of how much we might use services that involve third-parties holding and/or controlling our own bitcoin private keys, maybe sharing information with the government and/or even possibly withholding value for taxes.
If we expect to transact and interact with bitcoin for a decently long period of time into the future, we are not necessarily going to know in which ways rules in the future might change (could become more hostile or more friendly towards bitcoin), and even if we do not know all of these factors, we still might want to figure out if there might be ways in which we are going to want to hold some of our bitcoin value away from third-party systems, even if we might still keep some of the value within some kinds of third party systems and we might even want to transact with and within such third-party systems.
I would not even be attempting to assert that in these times that we might not have some advantages to attempting to maintain a foot in both worlds - but at the same time, there can be risks with how you hold your bitcoin and how you make your interactions in either system (and surely some folks believe that there should be goals to attempt to completely go into the bitcoin world, which could have its own risks and complications if questions might come up about how you are holding and transacting value and questions about whether you have obligations to report your transactions or your wealth.. which can also vary from jurisdiction to jurisdiction and the rules might change in the future too (in either more restrictive or more lenient ways).
It is not necessarily easy to attempt to invest in bitcoin and even to attempt to transact in bitcoin while at the same time trying to protect your finances and/or your privacy in various ways, and surely a decent number of bitcoiners are likely going take the easy way out and hold and transact with their bitcoin through third-party services that may well be leaking personal data or holding the coins of the person who thinks that they have bitcoin when they may ONLY have claims upon bitcoins that may well not even exist. There is likely no one solution because there still are a decent number of complications in holding your own keys, even if that may well be amongst the most empowering of ways to hold and use bitcoin.
