Government and Bitcoin | Bitcointalksearch.org

Rooster101

sr. member

Activity: 826

Merit: 256

Quote from: bitcoinpiece on April 23, 2015, 12:37:45 AM

Why, until now, government all over the world still doesn't trust bitcoin?

They can't control bitcoin because it is decentralized digital currency. All they can do is to monitor it many exchanges but they can't take any measure when the coins is used in illegal means in their country. Some countries has already legalized bitcoins but they also imposed regulations on crypto exchanges that in their areas. This countries will only trust cryptocurrencies if they can able to rein it effectively.

Azkabal

sr. member

Activity: 389

Merit: 251

Cause the price is not so stabil, and from their point of view it is a big bubble.
But some politics like in Ukraine buying BTC like crazy. Of coarse on the country's budget=)

bigblackdeck45

jr. member

Activity: 266

Merit: 1

My simple understanding is government likes to control over things and likes to assert its superiority. Bitcoin being new to them makes it hard to control or manipulate. They also see bitcoin as a threat to their superiority that is why they hate it. Government cannot also make money out of bitcoin transactions and they can't tax it as well. Governmwnt hates it when they are losing tax money.

velereumyos

newbie

Activity: 55

Merit: 0

because the cryptocurrencies of his nature are decentralized and the government cant keep them under surveillance, they are currently only making rules to govern them.

Farahtenan

member

Activity: 420

Merit: 10

Quote from: bitcoinpiece on April 23, 2015, 12:37:45 AM

Why, until now, government all over the world still doesn't trust bitcoin?

I think there are already many governments who trust Bitcoin. Yes though still, more do not like it. But I believe someday all governments around the world will love and use Bitcoin in their respective countries. We can only see the development of Bitcoin until the future.

setsuna_gray26

full member

Activity: 245

Merit: 100

WWW.BLOCKCHAIN021.COM

Quote from: bitcoinpiece on April 23, 2015, 12:37:45 AM

Why, until now, government all over the world still doesn't trust bitcoin?

No, you are wrong, some of the government of every country doesnt trust bitcoin, not all government. Some of the countries today are accepting bitcoin, not just the government but also some stores, I dont know what is that country but it is true.

MISERICORDAE PROJECT

jr. member

Activity: 56

Merit: 3

ONNI COIN! The New Paradigm!

Governments across the world are still studying and implementing scenarios of the pros and cons of Bitcoin and other cryptocurrencies in general. Regulations, Authorizing/Creating Blockchain Ecosystems, Banning Exchanges, National Bans, Launching National Cryptocurrency, etc are all the results of these studies. In the end, there will be much light at the end of the tunnel because the benefits outweighs the disadvantages.

Crypto Mark

newbie

Activity: 196

Merit: 0

Quote from: bitcoinpiece on April 23, 2015, 12:37:45 AM

Why, until now, government all over the world still doesn't trust bitcoin?

Bitcoin socialization is required. Bitcoiner must participate in order to support bitcoin programs. I hope events such as international seminars, symposiums, and discussions through focus group discussions (FGDs) "are needed to address many issues including legality.

Darker45

legendary

Activity: 2576

Merit: 1860

Quote from: bitcoinpiece on April 23, 2015, 12:37:45 AM

Why, until now, government all over the world still doesn't trust bitcoin?

There are remaining countries that appear have a very strong stance against Bitcoin. There are certain reasons for this. Included in these reasons is the fact that Bitcoin appears to be anti-government. It is being perceived as a way to conduct transactions away from the suspecting eyes of the government agencies tasked to monitor all the movements of the country. The government would never allow this as this might be abused by a lot of frauds.

fbtdarkhorse

newbie

Activity: 22

Merit: 0

Quote from: Hero of Legendary on May 31, 2018, 01:15:06 PM

It is not all over the world anymore because some countries are already accept bitcoin in their place. But majority the government for every country does not like bitcoin and its OK as long as there is changes that is a big success for btc.

Most likely to remain a few countries in which do not accept the BTC. And in countries where it is allowed, taxation will be established.

Lalapo08

jr. member

Activity: 294

Merit: 1

Many state governments still do not trust bitcoin because bitcoin has lately lost its existence. Bitcoin prices are getting down and fluctuating. This makes bitcoin increasingly losing trust than its users. Indeed, there are some countries that have allowed transactions using bitcoin. But if bitcoin remains outdated then other crypto currencies will replace bitcoin positions. Bitcoin is also left behind in technology. There are other crypto currencies that are faster in terms of transactions and block sizes. The technological system in bitcoin is also outdate. Bitcoin is also used for crime so the government is hesitant to give confidence in bitcoin. Bitcoin is a victim of irresponsible people.

VUKIMTHAO

newbie

Activity: 59

Merit: 0

In the future governments will trust and recognize the blockchain platform.

swifer

newbie

Activity: 98

Merit: 0

because I think the government is still not familiar with bitcoin perfectly ...
maybe also the government is afraid bitcoin in wrong use by irresponsible parties ..

poisonivy77

full member

Activity: 231

Merit: 100

Quote from: bitcoinpiece on April 23, 2015, 12:37:45 AM

Why, until now, government all over the world still doesn't trust bitcoin?

Government and bitcoin are not compatible enough to begin with if the government have to get hold of it, there goes the regulation and taxes it will be clearly be unfair, let bitcoin remains for what it is.

tamarindbleu

full member

Activity: 392

Merit: 100

Quote from: bitcoinpiece on April 23, 2015, 12:37:45 AM

Why, until now, government all over the world still doesn't trust bitcoin?

For me there are still some goverments doesn't trust bitcoin because they dont know that many people have a chance to have a good income with bitcoin, and until now some goverments doesn't trust bitcoin because bitcoin is open for everyone so even the criminals can used bitcoin.

klavyemaus52

full member

Activity: 571

Merit: 113

All of them governments have to accept and trust this crypto curenty its not escapeable because banks will finish soon and who will do transfers ? Surely cryptos

lionheart78

legendary

Activity: 2982

Merit: 1153

Quote from: DimensionsOfHell on June 01, 2018, 03:01:32 PM

The most powerful risk and threat to bitcoin are the actions of the world government. The question arises whether bank crypto currency is really possible and whether states and central banks are going to completely ban the digital currency. In addition, the prices for crypto-currencies strongly depend on the influence of the media and government statements.

Banning cryptocurrency in one country will not weaken it, the fact is there are still countries that are not yet penetrated by these business and let us not that through the use of internet or social medias, news about cryptocurrencies are reaching the farthest corner of this world and is leading to people to be open and trust cryptocurrency so there will be more and more people that will be using it.

buhna

member

Activity: 238

Merit: 10

I think that all people in the government invested in bitcoin. But they never say it. It is the strategy. You can buy bitcoin with low price when you need it. And sell bitcoin when it is green/

MrHertz

member

Activity: 208

Merit: 12

Because blockchain for now cryptocurrency is unknown technology for many people. And because blockchain is technology for free people for government is big trouble. When people wanna and be free.

HeartDesire

newbie

Activity: 32

Merit: 0

Government are the major problem of bitcoin all over the world, they know the moment bitcoin is generally accepted physical banks becomes useless to the people and they begin to lose taxes from those bank. Bitcoin is too big to be regulated by government and that is their problem. Government want to take control of the flow of bitcoin in which bitcoin is not structure as such.

Topic: Government and Bitcoin (Read 5798 times)