Goverments to go AGAINST Bitcoin - page 10.

maydna

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Quote from: tientien1 on November 25, 2017, 10:06:43 PM

Does the government fight bitcoins or does it prohibit bitcoins from operating in the territory?
In my opinion, bitcoin does not affect the government, it is only difficult to control with bitcoin income, bitcoin to help the economy of the country stronger.
Bitcoins are very difficult to control in terms of income and taxes are up there in so many countries banned bitcoins Cool

the governments want to control bitcoin so they can move the price up and down and they can do whatever they want with bitcoin. but the government realize that it is hard to control since bitcoin is not centralized and only bitcoin user that capable to control their bitcoin. and if they want to control bitcoin then they will need to control every server that connecting with blockchain. bitcoin here to help the financial freedom of every people and people can make bitcoin as their new source of income.

Pleione527

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Yes this is possible and already happening some governments found illegal transactions involving bitcoin these happenings will trigger many countries to go over bitcoin banned but I hope the issue can be settle soon I am still waiting for the day government can finally declare legality of bitcoin and accepts it as a legal tender. We'll see what's gonna happen in the coming years

sicparvismagna

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Probably due to the transactions could not be regularly being monitored there is a chance bitcoin might be regulated or permanently being banned from being used specially with the increasing number of crimes around the internet.

Ru chin Salcedo

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They are against of bitcoin because definetly they loose their control over monetary transfer and so as the taxes for third party..

meanwords

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Some countries in the world like the Philippines now plans to regulate (or already regulated) Bitcoin because of the growth it showed this year and some of the countries like Japan takes a step forward to support it. I think it depends on the country you are living in if the government will go against it or not.

Punisherx100

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Quote from: GeorgeEden on November 24, 2017, 01:09:25 PM

Is there any chance goverments to go against bitcoin if they see its something against them??

Yes, Obviously, Especially if it is personal that it will affect their credibility. If you do things against the the government or the law itself, there is no excuses to punish you. In addition bitcoin is not legalize. It means that they have no tax pay from it. Ig bitcoin will be legalize many users and investors will affect by it.

GeorgeEden

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Patience and knowledge are gold.

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Quote from: GeorgeEden on November 24, 2017, 01:09:25 PM

Is there any chance goverments to go against bitcoin if they see its something against them??

Some Government don't know about bitcoin so they are against of bitcoin but usa support bitcoin.

Well if there are goverments who dont know about bitcoin it would be the poor ones i doubt countrys in europe wont know about it.

Anniee123

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This emerging thing, generally the government's control on it with certain, and the currency has the function of money laundering, so a lot of government fears that it will become a crime tool, against the currency is also normal.

DoublerHunter

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Quote from: GeorgeEden on November 24, 2017, 01:09:25 PM

Is there any chance goverments to go against bitcoin if they see its something against them??

It was possible that government will go againsts bitcoin well if they see that it will not benefits its people and its country. Government only wants to protect its people and country. So i think its only natural if they go againsts it. But it will be better if they study and have more knowledge about Bitcoin and its functions , benefits and etc.

Most of the governments right now are against bitcoin because they just think that bitcoin is a threat for them since bitcoin is decentralized and anonymous which can triggers the criminals to do more illegal transactions because they will think that they are not traceable which is true because of the feature of bitcoin and that is the reason why governments are still skeptical for making bitcoin as an official digital currency.

Btcvilla

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Quote from: GeorgeEden on November 24, 2017, 01:09:25 PM

Is there any chance goverments to go against bitcoin if they see its something against them??

I don't think it's for all governments. may have occurred in some countries, but basically technological progress can not be separated from human life itself. including digital technology and bitcoin are inside. I think gradually the government will inevitably involve itself in bitcoin and crypto.

Rubble898zaitO

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They can try but the way I see it they will just put regulations on bitcoin instead of banning or removing it. People will always find ways to use bitcoin no matter what. Bitcoin can also be lucrative for a country so why would they go against it? They can impose taxes on exchanges if they want to to generate revenue for the country.

supermine

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Quote from: tientien1 on November 25, 2017, 10:06:43 PM

Does the government fight bitcoins or does it prohibit bitcoins from operating in the territory?
In my opinion, bitcoin does not affect the government, it is only difficult to control with bitcoin income, bitcoin to help the economy of the country stronger.
Bitcoins are very difficult to control in terms of income and taxes are up there in so many countries banned bitcoins Cool

The biggest advantage and disadvantage of bitcoin is anonymity,so their country people can easily use bitcoin for illegal activities so some countries decided that they don't want such type of currency for them so they banned it.But bitcoin will help in increase the economy level of their country people so some countries legalized bitcoins.Maybe governments have to make rules for using bitcoin in their country so it will allows the country's people to use bitcoin with some restrictions.And also stops from totally banning the bitcoin.

iqlimasyadiqa

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Quote from: GeorgeEden on November 24, 2017, 01:09:25 PM

Is there any chance goverments to go against bitcoin if they see its something against them??

That is very possible once because there are currently some governments that support and also prohibit the use of Bitcoin. Maybe they are still thinking about the impact of using Bitcoin. Personally I feel that the government might be against Bitcoin, they should think about how the economy in the country can be stable. If they are not ready then Bitcoin can disrupt the country, while if they are ready then Bitcoin can increase the level of a country's economy.

tientien1

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Does the government fight bitcoins or does it prohibit bitcoins from operating in the territory?
In my opinion, bitcoin does not affect the government, it is only difficult to control with bitcoin income, bitcoin to help the economy of the country stronger.
Bitcoins are very difficult to control in terms of income and taxes are up there in so many countries banned bitcoins Cool

Baronggot

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That's may be the reason why some countries have already ban bitcoin in their country because bitcoin can really be used in illegal activities since it is decentralize and transactions are super anonymous that government could not trace it.

betMaster

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Some countries consider bitcoin as a big threat. It can economically change the world map soon and some will take advantage of that. It also can represent a threat of national security. Taking advantage of the total security, bitcoin can be a way to fund some criminal activities. It's too bad to see some individuals use such a great thing like bitcoin in such low activities.
I hope governments figure out how to control these type of activities to avoid going against bitcoin which is the wrong decision.

appleyard

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Quote from: GeorgeEden on November 24, 2017, 01:09:25 PM

Is there any chance goverments to go against bitcoin if they see its something against them??

You can list it down as one of the limitation of bitcoin, government is the one who will ruin or destroy bitcoin in just one agreement if the world government announce that bitcoin is banned worldwide this is the end of bitcoin and also the community.

plaintiff77

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Government is against bitcoin because has alot of potential that government wanted to get but they cant its because government has no hold in bitcoin,specially when it comes to tax,bitcoin has no tax so government cannot get income to it and it is very alarming to the government its because they cant track the transactions in bitcoin and they also found out that terorrist and druglords uses bitcoin in their illegal transactions and also bitcoin offers less hassle or easier offers rather than banks so the government is really worry on it because the are afraid that alot of people will invest in bitcoin rather than bank because bitcoin keep on increasing.

e-coinomist

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Money often costs too much.

Quote from: GoldenOrder on November 25, 2017, 09:37:22 AM

Quote from: aso118 on November 24, 2017, 01:44:52 PM

Quote from: GeorgeEden on November 24, 2017, 01:09:25 PM

Is there any chance goverments to go against bitcoin if they see its something against them??

This is not just possible, but inevitable in countries with autocratic governments. Governments which have total control, with no time for niceties such as freedom of the people, will hate being unable to control Bitcoin. At some point, they will begin a crackdown.

What about Belarus?. It's a dictatorship, yet they are planning on full legalizing bitcoins by next year.

Just as a dictatorship they are free to change their mind at any time. On a democracy I would weight in such announcements onto further price discovery. Until Belarus has settled on facts they don't count.
Their surroundings might be of interest. Peer pressure upon small countries.

GoldenOrder

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Quote from: aso118 on November 24, 2017, 01:44:52 PM

Quote from: GeorgeEden on November 24, 2017, 01:09:25 PM

Is there any chance goverments to go against bitcoin if they see its something against them??

This is not just possible, but inevitable in countries with autocratic governments. Governments which have total control, with no time for niceties such as freedom of the people, will hate being unable to control Bitcoin. At some point, they will begin a crackdown.

What about Belarus?. It's a dictatorship, yet they are planning on full legalizing bitcoins by next year.

Topic: Goverments to go AGAINST Bitcoin - page 10. (Read 3210 times)