Topic: Government and Bitcoin - page 48. (Read 5782 times)
In my opinion, That is not really easy to trust on bitcoin. Its like finding a good friendship. But government doesn't want to trust on bitcoin because bitcoin can be take the money in all country. Example, If country have trust on bitcoin people will taking advantage also a bag holders. Its like here in the philippines, The other people from the other country was came here because bitcoin is semi legal, You know why semi legal not totally legal? Because bitcoin here can be change to a real fiat (peso) so the other people, illegal bitcoin on their county will come here and used bitcoin.
Because it's still new. And actually a solid percentage of bitcoin users still don't 'trust' bitcoin. Bitcoin is not easy to control. It's not a matter of trust but a matter of control.
The government doesn't trust Bitcoin because it is not created by any central bank nor regulated by any government. Accordingly, there are no bank, government tax agencies and police can track your money. As an unregulated money, it is a real threat to government control, taxation and policing. Indeed, bitcoin has become a tool for money laundering, terrorist funding, buying drugs, weapon or used for criminal purpose. The value of bitcoin can fluctuate sharply, up or down because of high transaction volume or purchasing volume from investors. It is a high profit and high risk business
The government of many countries is not ready to change the economy of the country so quickly and drastically, it is a long and painful process. some countries understand that using bitcoin and blockchein technologies can improve the economy, and some have not realized this.
Because bitcoin has still have to prove something to goverment and the fact that bitcoin gives anonymity to its users is something that the goverment will consider to not accept it. Though being anonymous is really great for us because it also except us from the tax with fiat transactions still it is very dangerous to some bad people who only uses it to hide their evil transactions such as buying drugs or even evil services through deepweb.
The governments are against bitcoin. This is real. There are also certain reasons for this.
With the Crypto money exchange, we can transfer money whenever we want anywhere in the world. It's cheap, reliable and fast.
Government banks are disturbed by the fact that there are few commissions and taxes. The government is against the transfer of money.
With the Crypto money exchange, we can transfer money whenever we want anywhere in the world. It's cheap, reliable and fast.
Government banks are disturbed by the fact that there are few commissions and taxes. The government is against the transfer of money.
that is because majority of individual are still doubting bitcoin. But there are some country that are accepting bitcoin already . who are the government? i strongly believe that we human being in the country are the government, if people as an individual find it difficult to believe it then government cannot believe it too, so all we need to do is to create the awareness, organize a seminar and lecture to educate people about bitcoin.
Why, until now, government all over the world still doesn't trust bitcoin?
There are some countries that government trust bitcoin already like here in my country bank already legalize bitcoin even though bitcoin is not that old enough to trust but they really see the real potential of using it. Secondly senators now are using bitcoins too other are planing to make an alternative coins where they wanna launch it this comming month if it is already finish. However they didn't expect that it will support by people because most of people in my country are using bitcoin to scam. I think the reason is since bitcoin still ongoing development. So there will be many incomplete features that cause instable price, hacked,etc.
At least what can we do is waiting until it fully develop
As long as the government does not want to legalize bitcoin it is not possible for bitcoin development to improve, I hope with the many benefits we can get from bitcoin then make the government create a special team to make regulation about bitcoin. At least what can we do is waiting until it fully develop
Relations between governments and Bitcoin are complicated and it won't change anytime soon. However, there are a few countries which seem to understand the potential of Bitcoin. Governments are connected to banks which don't really want a competition. Cryptocurrencies allow each individual to become their own bank and make anonymous transactions without fear of having transaction blocked or monitored by a third party. It is still not perfect solution, there are many problems to solve but keep in mind that the first cryptocurrency was created less than 10 years ago.
I feel government is doing this probably to avoid money laundry for some people who want to cheat. but they can not end bitcoin
I think generally, the government is so used to being in command of everything in their jurisdiction and it just happens that bitcoin is outside their command. So they're scared because they can't really control it.
The government and bitcoin ... it's not compatible at all! I personally think that the government of the states will not take bitcoin in great measure.
Governments in many countries have imposed heavy management regulations on Bitcoin, arguing that it and other electronic currencies could be used for illegal activities. But that is just a phobia for the fact that Bitcoin is an intermediary exchange that is out of their control.
Bitcoin is a decentralized currency which means no one can control it not even the government that is why there is ban in some countries because they don't have access to control bitcoin
Why, until now, government all over the world still doesn't trust bitcoin?
Bitcoin is new crypto currency .Many government don't know how to control it. And they think it illegal, they don't understand how to use it.
Because it's still new. And actually a solid percentage of bitcoin users still don't 'trust' bitcoin.
Perhaps the current government has not trusted bitcoin because of its existence that can be said to be stealthy. Especially in certain countries that do not know the existence of bitcoin.
Government is still not trust in bitcoin, many people afraid in bitcoin because their is think that is scam and possible to use in illegal purposes.
Why, until now, government all over the world still doesn't trust bitcoin?
a country does not trust the bitcoin there may be some reasons because bitcoin may not have been well known by the country's citizens and many are afraid to fund criminal activity that might be the reason that my thinking Jump to: