Government and Bitcoin - page 55. | Bitcointalksearch.org

JayCrypto

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Quote from: umaOuma on May 15, 2015, 02:08:53 PM

Quote from: fiddelingones on April 23, 2015, 10:03:01 PM

Bitcoin is still ethereal and mysterious to many people. Many people get their news from the press, hearing the talks about the illegal activities and the rise and crash of the price. If any acceptance is to happen it will have to be after a renewal of information.

That's true bad news travel faster then good news. People are just looking at the news that media is providing them and they just start to believe it without any research or investing their knowledge in it and Government is supporting media to do so as Govt is also against the bitcoin.

Too much people link btc to dark martek. This is the worst advertising you can do to btc. Govts hate to lose thiers controll to people

umaOuma

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Quote from: fiddelingones on April 23, 2015, 10:03:01 PM

Bitcoin is still ethereal and mysterious to many people. Many people get their news from the press, hearing the talks about the illegal activities and the rise and crash of the price. If any acceptance is to happen it will have to be after a renewal of information.

That's true bad news travel faster then good news. People are just looking at the news that media is providing them and they just start to believe it without any research or investing their knowledge in it and Government is supporting media to do so as Govt is also against the bitcoin.

JayCrypto

newbie

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just think how is fascinating the blockchain idea. Decentralize everything, contracts, warranty, everything ... no mono-polio or centralized warranty! wonderful. Less power to the system more power to everyone! Cool

stromma44

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Quote from: Amph on May 06, 2015, 03:51:52 AM

Quote from: torrentheaven on May 05, 2015, 03:12:26 PM

The concept of bitcoin is new to many countries..so they don't trust it.. And if the Government is corrupted then they will never accept the bitcoins But i think Government should get involved into bitcoins and start adopting and accepting it and also make aware the society about it.

my worry is that some governments that are corrupted, may start to accept it for an illegal things, trampling the little good image that has remained of bitcoin

That's True. And It's very difficult to find honest Government in any part of the world. In fact they are afraid that bitcoin will take over on fiat money and banking systems. But I think now time has come that Government should accept that bitcoin is the future international currency.

sana54210

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Bitcoin will have its fight with government, but bitcoin is as transparent as it gets and as anonymous as it gets, transparent in the sense all the transactions are in public for the involved and known parties but anonymous from the preying eyes of unknown parties such as the government, bitcoin is found on the principle of freedom that comes with decentralization which the government cannot take away.

Amph

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Quote from: torrentheaven on May 05, 2015, 03:12:26 PM

The concept of bitcoin is new to many countries..so they don't trust it.. And if the Government is corrupted then they will never accept the bitcoins But i think Government should get involved into bitcoins and start adopting and accepting it and also make aware the society about it.

my worry is that some governments that are corrupted, may start to accept it for an illegal things, trampling the little good image that has remained of bitcoin

Kprawn

legendary

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There are many reasons :

1. Transparancy { A lot of the more corrupt governments cannot accept a currency, where every transaction is published openly for EVERYONE to see on the Blockchain }
2. Governments needs to manipulate currencies { Reserve banks determine how stong your currency can be, according to their moneratary policies } The Core Bitcoin protocol is fixed.
3. Anonymity {Most countries does not have the abilities to identify Bitcoin users} and this pose as a threat for security { Terrorism funding and Money Laundering and Crime etc.. }
4. Some governments want to protect the consumers from fraud / theft etc.. { It's not easy to track and retrieve stolen/hacked coins }
5. Other governments just want to protect the value of their own currency. { Money exchange and remittance }
6. Do not forget, that huge fiat financial organizations are backing politicians { Who pay for the election campaigns? }

There you have some of the reasons. Grin

jjacob

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★Nitrogensports.eu★

Quote from: RodeoX on May 05, 2015, 11:44:07 AM

Because they are just figuring it out? They will come around.

When the first VCRs came out there were a lot of people who wanted them banned. Almost all of the early adoption came from porn. Many could not see beyond this one use of the device, just as many look at BTC and think Silk Road is the reason it's popular.

I think we will have banks taking an explicit stand on Bitcoin, and governments will follow.
We should expect banks to 'figure it out', before the government does. Grin

torrentheaven

hero member

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The concept of bitcoin is new to many countries..so they don't trust it.. And if the Government is corrupted then they will never accept the bitcoins But i think Government should get involved into bitcoins and start adopting and accepting it and also make aware the society about it.

98problems

sr. member

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Quote from: aeno19 on May 05, 2015, 10:58:14 AM

bitcoin it still new,
and its very not stable in price than the other currency...

but its not an argument for not letting people to use it in some countries

JayCrypto

newbie

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Maybe it is better that government stay out from btc...They have 'the big obsession' to control everything with which they come in contact Embarrassed

RodeoX

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The revolution will be monetized!

Because they are just figuring it out? They will come around.

When the first VCRs came out there were a lot of people who wanted them banned. Almost all of the early adoption came from porn. Many could not see beyond this one use of the device, just as many look at BTC and think Silk Road is the reason it's popular.

louise123

sr. member

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It's not that they don't trust Bitcoin,
it's because it's decentralized and they like things centralized and under their control at all times.

Chances are that in the future they will create their own crypto currencies for even better control of you financials.
Even though I doubt they will keep a public ledger.

Shindo1988

full member

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Bitcoin Samurai

Quote from: mezzomix on April 23, 2015, 02:13:38 AM

Quote from: bitcoinpiece on April 23, 2015, 01:37:45 AM

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

You control the people if you control their money!

Bitcoin is not easy to control. It's not a matter of trust but a matter of control.

Quote from: Henry Ford

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.

^^^ That.
And because they cannot control your money, they cannot make you their slave.
And if they cannot make you their slave, they raise wars claiming terrorist attacks or whatever.

aeno19

newbie

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bitcoin it still new,
and its very not stable in price than the other currency...

fiddelingones

full member

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Bitcoin is still ethereal and mysterious to many people. Many people get their news from the press, hearing the talks about the illegal activities and the rise and crash of the price. If any acceptance is to happen it will have to be after a renewal of information.

Meuh6879

legendary

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Quote from: bitcoinpiece on April 23, 2015, 01:37:45 AM

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

because banks have more lobbyist than bitcoin ?

btc-facebook

legendary

Activity: 1862

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Quote from: bitcoinpiece on April 23, 2015, 01:37:45 AM

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

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

H.W.Z

hero member

Activity: 574

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Quote from: RodeoX on April 23, 2015, 09:58:03 AM

Trust comes with understanding.

it is the first step! Then it should bring benefit to us otherwise ppl will bother to get the knowledge of new things.

QuestionAuthority

legendary

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You lead and I'll watch you walk away.

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. They screw other countries by going to war and killing their leaders. They screw their land with over development, excessive mining, clear cutting forests, shrinking national parks and allowing pollution. I think governments and politicians are horny monsters and just don't like things they can't fuck.

Topic: Government and Bitcoin - page 55. (Read 5762 times)