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Topic: Government and Bitcoin - page 11. (Read 5779 times)

member
Activity: 239
Merit: 10
May 29, 2018, 02:53:27 AM
Why, until now, government all over the world still doesn't trust bitcoin?

I just think both will be difficult to be in unite. Because the government considers bitcoin as a too dangerous because the transaction is faster and easier. It tends to be private doesn't that does not really involves the use of banks. It can be also prone to be used for illegal transactions. That is why,  it is difficult to unify their two goals.
newbie
Activity: 8
Merit: 0
May 29, 2018, 02:25:38 AM
always happens in some countries, for example in Indonesia bitcoin can not be monitored by banks. but our country bitcoin transactions are still legal and not banned
member
Activity: 279
Merit: 12
May 29, 2018, 12:53:02 AM
government with bitcoin, I think bitcoin will not be in control of the government and the government will not be able to control the price of bitcoin because bitcoin has a very high demand.
full member
Activity: 420
Merit: 100
May 29, 2018, 12:38:21 AM
Why, until now, government all over the world still doesn't trust bitcoin?

perhaps the answer that needs to be said is that the bitcoin currency has not been recognized and inaugurated as the currency that applies throughout the country and the exchange is still not maximized, and bitcoin is always associated with crime and its movement is probably the least I can say
hero member
Activity: 2590
Merit: 644
May 29, 2018, 12:26:28 AM
This is interesting when the government is not concerned with bitcoin while it's been proven that bitcoin can make a lot of successful users and earn a big income, the government should have legalized bitcoin so it can be useful for everyone.
Government cannot just do that even it if it looks like an easy thing to do. Government need to consider a lot of things before they make bitcoin as a legalized cryptocurrency because bitcoin is not just about being beneficial to other people because it can be abused by the criminal also to make illegal payments which is not a good thing for the government.
member
Activity: 1232
Merit: 12
May 28, 2018, 10:59:20 PM
This is interesting when the government is not concerned with bitcoin while it's been proven that bitcoin can make a lot of successful users and earn a big income, the government should have legalized bitcoin so it can be useful for everyone.
newbie
Activity: 100
Merit: 0
May 28, 2018, 10:38:16 PM
The government does not want any currency that can not be controlled therefore they banned bitcoin.
jr. member
Activity: 124
Merit: 1
May 28, 2018, 10:34:27 PM
The government still doesn't trust bitcoin. On the other hand bitcoin is decentralized digital currency but Government want to centralized bitcoin that's why they can't control it easily. But overall, bitcoin helps the economy to grow more.
sr. member
Activity: 1652
Merit: 262
May 28, 2018, 10:10:05 PM
I think both will be difficult to unite. the government considers bitcoin too dangerous because the transaction is easy and tend to be private doesn't involve the bank, can be prone to be used for illegal transactions. while bitcoin itself is created with sophisticated blockchain technology in the field of transactions. it is difficult to unify their two goals.
newbie
Activity: 93
Merit: 0
May 28, 2018, 10:06:56 PM
 the government against bitcoin is basically because bitcoin is decentralised and more so the government wants to have full control over the currencies. Government and bitcoin was knew of the great issue that we are talking here in the forum because there are good and bad possibilities that may happen.
newbie
Activity: 23
Merit: 0
May 28, 2018, 08:43:03 PM
Government all over the world still doesn't trust bitcoin because of some people who use bitcoin for illegal work ,like money laundering and others illegal work.But bitcoin can be use for legal work also so we have to use bitcoin as alegal think .
hero member
Activity: 2268
Merit: 579
Vave.com - Crypto Casino
May 28, 2018, 07:11:25 PM
Why, until now, government all over the world still doesn't trust bitcoin?


Its hard to accept bitcoin for all especially for government who are against it. Peoples are addict of bitcoin and never ready to accept the ban of bitcoin on their countries and to earn with bitcoin they use proxy and start going against government policy.I my self do the same thing bitcoin is banned in my country and like other i do proxy just to access my all coins. Actually we all want to accept bitcoin but other's only government who don't allow their people to use it. Who's know that's the reason why bitcoin is going down every day.

Yes, some government sees bitcoin as a threat to their national economy and currency but the reason behind the current dump in prics is still unclear to me but I'm pretty sure that the GOX whale flood the market last week.
member
Activity: 298
Merit: 10
May 28, 2018, 05:21:41 PM
I think why the government does not trust bitcoin or all cryptocurrency? Probably because they can not arrange it. And the fear may pose a threat to the base currency. It is human nature to doubt that I believe that the government not only sees the beauty and potential of this industry.
I still hope in the coming years, they will finally listen to us and give a chance of cryptocurrency. to develop and become a commodity that helps the reconstruction of its citizens.
sr. member
Activity: 1106
Merit: 250
Vave.com - Crypto Casino
May 28, 2018, 05:20:27 PM
Every government has won economic roadmap to lead their country. Moat of the government has no proper knowledge of bitcoin. And also government dose not collect any revue on bitcoin and no control of it.
newbie
Activity: 94
Merit: 0
May 28, 2018, 05:10:28 PM
Because it's still new. And actually a solid percentage of Bitcoin users do not trust the government. Thanks #CMIIW
full member
Activity: 602
Merit: 100
May 28, 2018, 04:56:34 PM
Because bitcoin is not possible in any way to regulate and control, in this regard, the government is trying to take all measures not to take bitcoin on its territory.
member
Activity: 672
Merit: 14
May 28, 2018, 04:56:30 PM
Governments are much more interested in centralization where they can exercise much power in the financial transactions of the people. With this, the government can implement its tax regulations on businesses, but here is the case Bitcoin doesn't allow the full autonomy of the government over the transactions of the people, thereby causing a conflict between these two entities.
hero member
Activity: 1098
Merit: 500
May 28, 2018, 04:43:13 PM
Bitcoin is a completely new technology, unlike anything else that was before, so it is difficult for a conservative government to understand and accept it.
newbie
Activity: 90
Merit: 0
May 28, 2018, 04:32:15 PM
There has been lots of trouble between the governments and Bitcoins, the legislation battles has been on going for a long period of time now,without being given a proper chance to develop
full member
Activity: 392
Merit: 100
May 28, 2018, 04:11:57 PM
bitcoin has been a favorite of many people and has proved to be a great help to many people and their lives have also changed for the better, but the government still does not believe in bitcoin because everyone can use bitcoin and the government is worried if bitcoin will cause economic chaos and is used for crime
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