Government and Bitcoin - page 40. | Bitcointalksearch.org

perfryan

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

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

A big part of the early adopters of bitcoin were people who are deeply worried about government
Bitcoin can't be monitored by the government
It is transparent to the blockchain.this is true of bitcoin.

btcpara

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will,governments are afraid that banks will lose their customers,so people can invest in bitcoin without paying taxes the banking system is compromised.

haydort

newbie

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Because it's a whole paradigm shift from the norm. Bucks the trend. It's a new phenomenon.

Bitcoin threatens to eat into alot of the old money/old guard's livelihood. Centralized banks and authorities especially.

This is a truly revolutionary invention. It'll change the way currency and money is looked at forever.

I'd be shitting bricks too if I were the Government...

zngit

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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 can regulate the total motion of bitcoin to partial motion. In this case bitcoin and government will not in the same booth. It shape by the against the red tag. As what I know in crypto forum don't trust anyone except yourself. That's what I think the mainstream of the problem the division.

Magic Sarap

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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 maybe the government are at the episode where dilemma really hits them or they still finding about the advantages and why they can trust this cryptocurrency and how they should trust it.

KingOfWinterfell01

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

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

This is because there are a lot of plot holes into making them to trust bitcoins. It is hard to trust a technology that doesn't have security. We can't have stability in pricing in bitcoins, that's why a lot of people have issues in incorporating bitcoins in their daily lives.

mayukus4life

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Most countries rejecting bitcoin, are doing so because they feel it might serve as a source of moving funds illegally since they will not be able to track transactions with time more countries will adopt it. This is digital currency era, so the train cannot be crushed, with more research they will allow with some regulations and some see it as posing threats to their central banks.

nieninja53

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Government of some countries are feeling uncomfortable for the country financial system and considering bitcoin payment system is not secure and having some fraudulent activities and the main thing some countries taking as illegal because it is decentralized currency and it may use for illegal activities,

fishball

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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 the government is still struggling on finding a way/s where, what and how they can get advantage if they legalized bitcoin.

Bitcoinismylife12345

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

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

Because bitcoin is still new and there's somethings that needs to be developed on its system. Another is, most of the users don't fully trust what bitcoin can offer to our future, they're just here because it can give them profit, other than that is nothing.

Kakawate

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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 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, not just positively but negatively aswell, cryptocurrency is gonna be taking up a big part of the world, so big problems are expected as well.

Ngewex Yuk

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It is appropriate that the state immediately legalize bitcoin so as to provide an opportunity for everyone to improve their lives, I am sure that the future of the world transaction system immediately using bitcoin.

sagatel

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https://www.soar.earth/

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

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

The government appreciate the stability! And cryptocurrency violates all the basics of a stable situation in the country. And control of citizens becomes more difficult.

israthj

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Government wants to control the people & control their money but bitcoin is not easy to control. For that reason, government all over the world still doesn't trust bitcoin. And I also think it's not about trust it's about control.

Sam San

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Quote from: ongkok87 on May 11, 2018, 02:23:24 PM

Quote from: ?? on ??

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

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

The reason why some governments are against bitcoin or fear bitcoin is that is not something that is directly within their control. What the government cannot control, it fears. The government prefers what they can control like they do with their Central Banks, can create or print money at will without recourse to anyone. Bitcoin is decentralized and derives its power from the government

but if I think why the government is afraid of bitcoin it is the government is afraid that later with the bitcoin it can be misused to people who do not want to be responsible. such as transactions of goods such as drugs, firearms and can raise terrorism in the presence of bitcoin. because bitcoin is a quick way to get fund or money

bitcoin recognized legally in circulation very much changes the legislation will have to change the tax laws, laws on money laundering and so on, and as for the use of it in non-legal activities, the usual cash can and are used for the listed negative aspects of life, but with money not who is not fighting, fighting with the use.

ClaraLuV

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Presale is live!

Some Governments are not promoting bitcoins as bitcoin is a decentralized network and they will not be able to control the people's finances through bitcoins which causes distress to the Government but there are positive traits on legalizing bitcoins and block chain technology as bitcoins helps to improve the socio economic and financial conditions of the world and naturally improve the life style of the people as it provides a source of income for products and services in exchange of bitcoins.

ipinkang

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Quote from: Sanjida on May 12, 2018, 12:51:15 PM

I think the government always against bitcoin because they don't trust bitcoin.its better since there wont be any problem going in the bitcoin industry's way.i hope the government believes that bitcoin .

Trully i am jelous with Japanese or Denmark, their goverment legalize bitcoin as legal currency, and i believe if my goverment follow that country steps to legalize bitcoin i think they will receive great tax ,because many transaction that use the bitcoin can be taxed.CMIIW

15putriutami

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Probably because bitcoin can never be controlled and bitcoin prices are unpredictable so governments of some countries do not believe in bitcoin.

Mia Wallace

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Bitcoin is the first crypto currency originated in the year 2009 by Satoshi Nakamoto.It is a decentralized one, so not any government control over it and can be operated world wide electronically. Only the buyer and the seller knows about the deal.Some governments are trying to put some regulations to operate to their country.Most of the technically developed countries are welcoming bitcoin to operate it parallel to their own currency.Bitcoins popularity is increasing steadily by understanding the usefulness of it.

Sanjida

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I think the government always against bitcoin because they don't trust bitcoin.its better since there wont be any problem going in the bitcoin industry's way.i hope the government believes that bitcoin .

Topic: Government and Bitcoin - page 40. (Read 5800 times)