Government and Bitcoin - page 9. | Bitcointalksearch.org

feinter

sr. member

Activity: 469

Merit: 250

Quote from: Harrisonimo on May 30, 2018, 06:15:57 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?

I watched a video recently by John McAfee, as regards how the governments of the whole world in general have been enslaving its citizens; paying them and then devaluing what they pay them! The cryptocurrency is decentralized and giving power to the individual to do what ever he pleases with his earnings without government's interference. I believe the government's fear of being sidelined and becoming irrelevant has contributed to their fight against the bitcoin and cryptocurrencies at large.

Bitcoin claims that “It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.” That lack of central authority is the primary reason governments are afraid of the cryptocurrency.

Harrisonimo

full member

Activity: 490

Merit: 101

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 watched a video recently by John McAfee, as regards how the governments of the whole world in general have been enslaving its citizens; paying them and then devaluing what they pay them! The cryptocurrency is decentralized and giving power to the individual to do what ever he pleases with his earnings without government's interference. I believe the government's fear of being sidelined and becoming irrelevant has contributed to their fight against the bitcoin and cryptocurrencies at large.

devlincarter.868

newbie

Activity: 74

Merit: 0

Government and bitcoin and other crypto currency is the most intense topic to talk about right now in crypto currency world. aBitcoin will have its battle with government, yet bitcoin is at least somewhat straightforward more or less mysterious. because the government can't control bitcoin that they don't like it, all they can do is to influence their citizens and discredit potential of bitcoin.

andrino

newbie

Activity: 193

Merit: 0

The nation's have different area and sovereignty that's why the legalization of bitcoin is big issue. That's the truth and reasons why the countries all over the world did not become accepted but in some part it is very welcome. Maybe few years from now bitcoin will become welcome more acceptable.

bitzizzix

sr. member

Activity: 2366

Merit: 448

Reward: 10M Sheen (Approx. 5000 BNB) Bounty

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

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

Maybe the government does not trust bitcoin and really does not understand the bitcoin work system, and I think the government's action to ban bitcoin in this country because it has many reasons and all for the good of its people though bitcoin is very helpful because of the economy. think let the government ban it and as long as we can still use it should be put to good use.
the government has the right to ban all people entering the country including bitcoin, and we only hope bitcoin is acceptable across the country.

Taronet-division

newbie

Activity: 154

Merit: 0

forbid bitcoin because it is not profitable for him. the decentralized system made the government unable to do much and prohibited. lack of confidence in him

demonist

newbie

Activity: 224

Merit: 0

Mostly because governments can't control bitcoin, and are afraid of such high volatility. when bitcoin will be accepted by the biggest countries in the world, as it would affect their economy.

posi

hero member

Activity: 2268

Merit: 579

Vave.com - Crypto Casino

Quote from: Moblie_Legend on May 29, 2018, 01:38:21 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?

perhaps the answer that needs to be said is that the bitcoin currency has not been recognized and inaugurated as the currency that applies throughout the country and the exchange is still not maximized, and bitcoin is always associated with crime and its movement is probably the least I can say

Yes, bitcoin is yet to be recognize as currency but we already bitcoin exchange through out the country except the country where bitcoin was banned. However, I'm hurt due to what you said concerning bitcoin to always associate with crime and i believe you're not ought to be here cause it seems you're here by mistake.

Md.salauddin

newbie

Activity: 210

Merit: 0

Government and bitcoin are not the enemy of each others, they are running on there own track and the track of bitcoin is different from the thought of Government, they need some time to understand it because it is a new conception.

lehuong

newbie

Activity: 168

Merit: 0

Quote from: --Encrypted-- on April 23, 2015, 01:45:57 AM

https://www.reddit.com/r/Bitcoin/comments/33gogm/why_governments_dont_trust_bitcoin/

funny. I just read that like a hour ago.

the government of my country has policies Government Office has just written to convey the opinion of the higher level assigned ministries and sectors of the Government to quickly review and propose economic management plan on some bitcoin domains and virtual currencies

danwanyd

jr. member

Activity: 126

Merit: 1

BTC born is the enemy of government, the government does not have any control the currency authority, their duty is to protect the citizens' lives and property, even though the currency was not enough to trust, but they do see using BTC's true potential.

So now the government is rapidly developing the blockchain technology.

Kytanylu

newbie

Activity: 73

Merit: 0

I live in Paris. We have already legalized cryptocurrencies and I am proud in this regard for my country. Thank You.

rafi035

sr. member

Activity: 854

Merit: 250

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

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

many countries that do not trust bitcoin the reason may be bitcoin still not become the official currency recognized all over the country and bitcoin many in the nag is always associated with crime

FrankHilk9

newbie

Activity: 84

Merit: 0

There are now a lot of the Government banned using bitcoin because they fear criminals use it with negative intent, but I think there are also some Governments accept bitcoin and let people use the bitcoin, so it bring good benefits and resources live more fully thanks to bitcoin.

doroshok2

jr. member

Activity: 175

Merit: 1

W12 – Blockchain protocol

Since the government cannot control bitcoin, it will burn it. Since there is no benefit to the government, the government can not take taxes on bitcoin, and there before losses itself.

Justice0881

full member

Activity: 280

Merit: 104

It is just that they are quietly been researching and observing what will be the possible outcomes if ever they will let Bitcoin to be legalize especially talking about the behavior of its people that will surely be affected by Bitcoin usage, because the use of BTC and the popularity of BTC is increasing day by day. If this bitcoin currency make it to the top, other investors will not invest in companies anymore, no more investments in small franchise that will lead to an imbalance economy. BTC

Crazygreek

sr. member

Activity: 378

Merit: 251

Government and bitcoin got very difficult relationships and unfortunatly many governments used to ban bitcoin because of problems in their country or from other reasons.

sultanGol

member

Activity: 188

Merit: 10

The problem may not come from not trusting, they just do not like thinks they can't control.

GabrielBrandon

newbie

Activity: 84

Merit: 0

I think they don't understand the advantages to bitcoin.

Banulit

full member

Activity: 674

Merit: 100

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

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

The government won't still believe in Bitcoin because it is decentralized and this is cryptocurrency or a digital money some people have a saying's to see is to believe the fiat money or dollar can touch and can see but Bitcoin is not. it is easy to explain the Bitcoin because they have more proof. Bitcoin is our future currency

Topic: Government and Bitcoin - page 9. (Read 5762 times)