Topic: Government and Bitcoin - page 46. (Read 5782 times)
wow, this topic still relevant. Because governmemt afraid to lose domination.
because of paper currency , yes if they spread the bitcoin is a good investment or is the good money in the future. the banks with papaer currency all over the world will close after 20 years .
first of all, Bitcoin is decentralized. that means, they can't control it. they don't have access to it. second, since it is decentralized, many evil people are using Bitcoin to make transactions to their illegal activities. and it's hard for the authorities to track them down. and Bitcoin is not yet stable, that's why some Government think that Bitcoin will disappear sooner or later.
Government and Bitcoin, it is not all government that accept and receive bitcoin because some see it as a way to block tax, Government must generate money from people but not from bitcoin just that it is not acceptable b4 the nation
They don't trust bitcoin because they don't have an idea about this forum, it can really help all the people survive their difficulties in life.
It’s more about their lack of control about the decentralization of the currency which really irritates the governments especially dictatorship who are used to be in control of everything. Why, until now, government all over the world still doesn't trust bitcoin?
The main reason is the decentralization of bitcoin. Governments simply can not allow anyone to do something uncontrollably.
First bitcoin is new,anything online government hardly trust it, then I will say they don't have power to control bitcoin.
because they don't believe bitcoin can replace the money.the banking system may be gone and governments are afraid of this.
The government certainly can't be friends with the system of bitcoin. Their nature is contradictory. Government is centralized, while bitcoin is decentralized. The government wants all access where they have control over it. Further bitcoin can't be controlled by anyone. It's pretty obvious, I guess.
Perhaps the government did not want to bother looking for Bitcoin, and they just wanted to get their income from paying taxes from everyone who played with Bitcoin. Of course this is just my thinking and it could be that the Government worldwide can not trust it yet and even for legalizing it is very difficult ..
For a long time they really didn't need to take it very seriously - there wasn't enough money involved in it that it really mattered to them (from their perspective, who cares if a couple of "nerds" trade a fake currency back and forth between themselves). But now, as both the number of people and the amount of money involved as increased, they've decided that its getting too big to ignore and they need to take it seriously. But there is both good and bad to "seriously" - in some cases, it could mean that they see it as a threat to their own financial systems so they want to ban it, in other cases, they might try to create protective legislation which either A) could help or B)could misunderstand the fundamental idea of a decentralized currency and hurt it. So honestly, its a bit of a mixed bag at this point.
The bitcoin is a crypto currency for the near future in the world but now at this moment the several government are not satisfied with its spreeding section for the currency. There in the new era of morden civilization they indicate many show cause for the denied section of bitcoin. Yet it is a good currency with the purpose of its running in the crypto marketplace.
They don't trust bitcoin because they don't have an idea about this forum, it can really help all the people survive their difficulties in life.
Indeed, also one of the reason that the government do not trust the bitcoin is because of the instability of the value that why there os a little chance that the bitcoin will be part of official currency of a country.
Why, until now, government all over the world still doesn't trust bitcoin?
The government wants to control its citizens. Therefore, they see bitcoin as a threat to the stability of power. Well, do not forget about taxes.
Government has its own motivation behind why regardless they don't confide in BTC. Possibly in light of the fact that BTC is unknown and government can't manage BTC that is the reason part still don't legalize BTC. Ideally in the close time numerous nations will legalize BTC on the grounds that it is one methods for creating revenue when it is being burdened and its a major help to the economy. Parcel of individuals now are draw in with it so high plausibility of higher percentage of revenue is being gathered.
bitcoin grows strong. It has many benefits, many people have become rich thanks to bitcoin. But many people, many governments still have doubts about that. So many governments do not accept bitcoin. Many governments do not accept bitcoin. I think some governments do not accept bitcoin because they do not understand bitcoin. Some governments do not accept bitcoin because they do not control bitcoin's transactions, they can not apply the tax to bitcoin.
I thank this bitcoin is new cryptocurrency .many goverment do not know how to control it. and they think illegal, they don't understand how to use it.
Well, and it will never trust in the future too. Governments are greedy for the control and thus they will never allow anything that can cause the threat to their ambition of controlling every aspect of our life. Bitcoin is based on a blockchain technology which relies on the principle of decentralization and it takes away the power from centralized authorities and transfers it to the users and hence government don't want that to happen.
Why, until now, government all over the world still doesn't trust bitcoin?
For some governments, they will not put their trust in a thing that they can't control and they are seems to be allergic to the word "decentralization." They are used to control their national currency, finance and economy putting them in a centralized system so they can monitor every activities. Bitcoin is decentralized, blockchain based virtual currency and conrol is nowhere to be found.
They don't trust bitcoin because they don't have an idea about this forum, it can really help all the people survive their difficulties in life.
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