Topic: Government and Bitcoin - page 20. (Read 5798 times)
Still, some governments already legalize cryptocurrencies. I think it's a matter of time. And the digital war for the leading positions among the governments will begin soon.
well i think they cannot control it because it's decentralized. It doesn't depend on anyone and its only affected with supply and demand. It is untraceable and it's anonymous so it is susceptible to be used in crimes and the government can not control bitcoin, of course this may be the reason to think about it, but at least in some countries have received bitcoin, and can be used as a means of payment, hopefully other governments can also legalize bitcoin
Bitcoin is still very difficult thing for many people and they usually used to drop bitcoin from their lifes. The same with many governments, they are just not ready for bitcoin.
therefore the government is always monitoring the movement of bitcoin, whether bitcoin harmful or beneficial to the government
Because bitcoin for government is something strange but has a high value. They are still skeptical of bitcoin why can have a high price. And there is still a lot of negative news about bitcoin so many people and governments are increasingly hating bitcoin.
Why, until now, government all over the world still doesn't trust bitcoin?
The government should create regulations about cryptocurrencies for them to protect their citizens from greedy persons. There are many scammers and hackers and the government can protect their citizens by creating many regulations.
government and bitcoin, many governments speculate that bitcoin is not good, in many respects, there is also a government that welcomes bitcoin.
Bitcoin is completely anonymous, so that means that they will not be able to take control over it
It is true that they will never be able to control it however the blockchain is simply a ledger so everything is recorded and that's something they can watch.
I think bitcoin still does not make sense to the government, why not make sense because the price is fantastic and the increase is quite high. It may be too dangerous for a country's economy.
From the natural quality of decentralization, by the way, the complete inability to manage this system by the state or private individuals also ensues. This, in turn, predetermines the impossibility of emission regulation of the total number of bitcoins, and therefore reduces the risks of inflation (at least in the coming decades, although more complicated, but still active mining). it is completely unprofitable for the state, therefore, in many countries they are trying to deal with crypto-currency in general.
I think one of the reason why some countries did not accept bitcoin is due its market volatility the government dont want to risk the money of their people considering that the market for bitcoin today is very bad.
From the natural quality of decentralization, by the way, the complete inability to manage this system by the state or private individuals also ensues. This, in turn, predetermines the impossibility of emission regulation of the total number of bitcoins, and therefore reduces the risks of inflation (at least in the coming decades, although more complicated, but still active mining). it is completely unprofitable for the state, therefore, in many countries they are trying to deal with crypto-currency in general.
Why, until now, government all over the world still doesn't trust bitcoin?
I think one of the plausible reasons is that the government through the central bank is afraid of losing control over bitcoin (cryptocurrency)
and bitcoin offers a system that returns control and power to the real money owner
Why, until now, government all over the world still doesn't trust bitcoin?
the government thinks bitcoin still can not be fully believed, because the founders of bitcoin is not clear, they say bitcoin like bubbles, can break at any time, but now, there are some countries that want to set bitcoin, hopefully the bitcoin can be received by the government
Why, until now, government all over the world still doesn't trust bitcoin?
Because it has no formal basis and regulatory authority, bitcoin is prone to be misused for illegal transactions, money laundering, and financing of terrorism. 
Why, until now, government all over the world still doesn't trust bitcoin?
I guess they wanted this Bitcoin thing and like how bitcoin work and all of it and the only thing they dont like about it is it doesnt directly pax tax in the government no one own the system of bitcoin so it is free in the taxes of bitcoin so i guess this is the main reason why government doesnt like bitcoin but also this transaction is anonymous so it can be use in a lot of illegal transaction in the market.
Fiat is a term used to describe the conventional currencies that are issued by governments. Fiat currencies have value because governments say that they do.
If bitcoin or another cryptocurrency become widely adopted, the entire banking system could become irrelevant. While this may sound like a wonderful concept in light of the recent behavior of the banking industry, there are two sides to every story. Without banks, who will you call when your mortgage payment gets hacked? How will you earn interest on your savings? Who will provide assistance when a transfer of assets fails or a technical glitch occurs?
These are the some reasons which is hindering a government to trust BTC.
If bitcoin or another cryptocurrency become widely adopted, the entire banking system could become irrelevant. While this may sound like a wonderful concept in light of the recent behavior of the banking industry, there are two sides to every story. Without banks, who will you call when your mortgage payment gets hacked? How will you earn interest on your savings? Who will provide assistance when a transfer of assets fails or a technical glitch occurs?
These are the some reasons which is hindering a government to trust BTC.
Why, until now, government all over the world still doesn't trust bitcoin?
Because it still has not proven itself as a trusted means to pay for something online. Yes, bitcoin as a currency is a great idea, it has blockchain to support it, which is a great platform all in general, but we have to understand also the fact that governments all over the world don't benefit yet from cryptos. Cause they are not taxable, yet. When they find a legislative way to tax it, then, and only then will they "trust" bitcoin and other cryptos.
Why, until now, government all over the world still doesn't trust bitcoin?
I think there are some countries whose governments have trusted Bitcoin. But there are more who do not believe in Bitcoin. The government does not trust Bitcoin for fear that Bitcoin has a bad impact on its citizens. Yes, we all know that Bitcoin can be used for illegal things. Surely this is very government concerned. Worried if the citizens use Bitcoin in illegal matters. So it is only natural that many governments do not believe in Bitcoin.
Series of topics has been raised concerning this topic. do well to read extensively before posting such topics:
Anyway this are some reason;
1. its decentralized nature
2. Anonymous nature of the founder of bitcoin
3. Valuability
4. drawing more investors
5. Claim its used to fund terrorism
Anyway this are some reason;
1. its decentralized nature
2. Anonymous nature of the founder of bitcoin
3. Valuability
4. drawing more investors
5. Claim its used to fund terrorism
The government doesn't really trust Bitcoin because it's new and that cryptocurrency is basically untraceable. People use bitcoin for buying illegal items. That's why I think the government doesn't like bitcoin that much.
Jump to: