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Topic: Government and Bitcoin - page 17. (Read 5798 times)

member
Activity: 266
Merit: 10
May 26, 2018, 09:30:37 PM
Why, until now, government all over the world still doesn't trust bitcoin?

in my opinion because they dont collect any taxes by bitcoin, government salary is from the people taxes. what happen if there is nothing to collect they dont get richer they are pig.
jr. member
Activity: 124
Merit: 1
May 26, 2018, 09:24:52 PM
Bitcoin is anonymous and government cannot regulate bitcoin that is why many  still don't legalize bitcoin. Government wants to control the people & control their money but bitcoin is not easy to control. But In fact, bitcoin is not a criminal or it can be harmful to those who use it and really bitcoin greatly helps our life get better.
member
Activity: 123
Merit: 10
May 26, 2018, 08:13:49 PM
if discussing the development of bitcoin is already a lot of people who know how the system learn and get it but in my country which is a barrier is the government and this happens many other countries are still many countries that prohibit the development of bitcoin but there are also countries that legalize the existence of bitcoin and make bitcoin as a source income is also an online transaction Wink
sr. member
Activity: 532
Merit: 255
May 26, 2018, 06:41:20 PM
To this day, the debate over the virtual currency continues to emerge amid the skyrocketing bitcoin trend.

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

I don't think that belief or unbelief, is the point of all the problems that have occurred so far they initially worried because there's no escort of centralized authority then their sense of concern is widespread, which include:
Bitcoin makes the process of real trading transactions much more difficult,
Bitcoin inhibits economic growth for banks or countries,
Bitcoin, is filled with intrigue manipulation of greed,
Bitcoin, is a medium of financial experimentation,
Bitcoin, is not regulated by the authorities.
full member
Activity: 784
Merit: 112
May 26, 2018, 06:18:02 PM
Its is hard to them to trust it's other in this kind of situition the government cannot get more taxes from bitcoin it is because bitcoin is digital currency and anonymous, bitcoin advantage is the price is high and easy to transact online business.
jr. member
Activity: 378
Merit: 3
May 26, 2018, 04:32:10 PM
Government and Bitcoin we should write a book which makes government wake up on this topic both have an invincible line they cant agree bitcoin to be legal tender
newbie
Activity: 171
Merit: 0
May 26, 2018, 04:25:39 PM
i think government has its own reason why they still dont trust bitcoin. Maybe because bitcoin is anonymous and government cannot regulate bitcoin that is why lot still dont legalize bitcoin and the government is finding it hard to put a stand where the government and the cryptoworld will have the same advantage, maybe they see that cryptocurrency is gonna be a problem to the government when it becomes widely used by the people. Accepting these new technologies has been creating a huge diferrence in the world
full member
Activity: 644
Merit: 100
May 26, 2018, 04:23:53 PM
because a lot of bad news that befell bitcoin, almost every day there is always bad news about bitcoin and other cryptocurrencies, this is certainly very influential on public confidence in bitcoin, maybe that's one reason why the government does not trust bitcoin
sr. member
Activity: 630
Merit: 250
May 26, 2018, 04:16:57 PM
Why, until now, government all over the world still doesn't trust bitcoin?


Government dont trust on cryptocurrency like bitcoin because they can not control it. Bitcoin can impact on bank bussiness and thats why central banks wont let bitcoin for payment.
Central banks so far have privelege to print money without proper audit and with bitcoin they can not do that any more because bitcoin have limited supply and no one authorities can control the supply
governments will increasingly require organizations working with bitcoin to have each of their suppliers pass through KYC, thus moving to the taxation of these operations.
full member
Activity: 238
Merit: 100
May 26, 2018, 12:06:14 PM
It is sad to recognize the members of the community crypto currency, but the authorities of many countries of the world negatively regard the fact that their citizens use digital money.
member
Activity: 232
Merit: 11
May 26, 2018, 12:06:00 PM
It's simply because Bitcoin has too many risk to be accepted in global market, and it is originally made only as a fiat or currency in technology for easier transactions, meaning that if Bitcoin was accepted, its price will and should have a stable value for worldwide same exchange.
newbie
Activity: 172
Merit: 0
May 26, 2018, 11:58:26 AM
Because there are so many ico scam, the government wants to protect their investors,It's good to have a quality appraisal agency, where project developers register and take responsibility with what they do
newbie
Activity: 66
Merit: 0
May 26, 2018, 11:56:46 AM
Politicians screw their citizens with taxes, jails and spying on them. They screw each other with lies and scandals. They screw the economy with over spending. They screw their fiat by printing too much of it. WE do not need recognition from the government at all. We can make this community bigger and bigger everyday by ourselves without depending on the government. BItcoin and the cryptocurrency are based on the decentralized system and therefore, we can not expect the government to accept it as a tradition currency
member
Activity: 228
Merit: 10
May 26, 2018, 11:52:29 AM
I believe this has few reasons behind, one of them can be fear of unknown and lack of knowledge about market at all
full member
Activity: 378
Merit: 108
May 26, 2018, 07:51:34 AM
Why, until now, government all over the world still doesn't trust bitcoin?

It because they don't still trust or understand bitcoin
But the fate is that if you view it from the order side you will understand each country government are trying to protect there economy because if they should accept or legalized bitcoin it will really affect the economy of the the country, because many people will no longer value there local currency.
newbie
Activity: 79
Merit: 0
May 26, 2018, 07:16:41 AM
Why, until now, government all over the world still doesn't trust bitcoin?


Maybe, The goverment afraid the bitcoin will be used illegal activities. Because the government cannot control bitcoin over.
newbie
Activity: 140
Merit: 0
May 26, 2018, 04:43:40 AM
will,governments are afraid that banks will lose their customers,so people can invest in bitcoin without paying taxes the banking system is compromised.
sr. member
Activity: 728
Merit: 254
May 26, 2018, 04:39:50 AM
Why, until now, government all over the world still doesn't trust bitcoin?

It is because bitcoin is a stranger to them.  They do not know it,  making them not trusting it. Also,  there are many frauds that are using the name of bitcoin in their selfish plans like what happens in our country where a couple use the name of bitcoin. They tell their clients that they will earn the triple of their investments in bitcoin. But again,  it is a scam. These frauds make the government afraid of bitcoin.
newbie
Activity: 112
Merit: 0
May 26, 2018, 04:26:59 AM
I easily understand that The concept of bitcoin is new to many countries.then they are don't trust it.. But i think that Government should get involved into bitcoins and start adopting and accepting it and also make aware the society about it.thanks
newbie
Activity: 80
Merit: 0
May 26, 2018, 03:22:02 AM
Now the government is not giving any respect to Bitcoin. But there will be a time when the government without bitcoin can not run, I hope so. Then all government officials will be given salary by bitcoin.Because if the government approves this work, they will be benefited. The government will be able to get a specific VAT for this.
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