Government & Bitcoin - page 47. | Bitcointalksearch.org

avw1982

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Quote from: West man on March 26, 2016, 07:59:16 PM

Gov't will never adopt bitcoin as a common currency unless their economy is on the brink of utter collapse and they have no other option at that time. The main reason: They don't have control of it so they don't like to have total control of anything that their country has to use.

Same here, Government can't stop bitcoin until there are so many using of it. Business using it or accept it because trading bitcoin is so easy and safe than the traditional trading system. So that government will forced to used it...

West man

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Gov't will never adopt bitcoin as a common currency unless their economy is on the brink of utter collapse and they have no other option at that time. The main reason: They don't have control of it so they don't like to have total control of anything that their country has to use.

diegz

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Quote from: armansolis593 on March 26, 2016, 07:49:46 AM

Quote from: aardvark15 on March 26, 2016, 07:37:21 AM

As long as countries allow bitcoin to be used by merchants or to transfer or store money, then I think bitcoin will be fine. So far that's basically what's happening in a lot of countries. Bitcoin just needs to be more well known so more people will use it.

Bitcoin is free to use right now without the consent of the government,but sooner or later the government will do something about the bitcoin.

Then you guys should decide whether you'll stay with bitcoin or you'll leave when your government considers it illegal...So far in where I live, no actions yet...Though there is access in the internet nationwide, most people prefer to have a real life day job...Maybe that's the reason why government has no actions yet..

armansolis593

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Quote from: aardvark15 on March 26, 2016, 07:37:21 AM

As long as countries allow bitcoin to be used by merchants or to transfer or store money, then I think bitcoin will be fine. So far that's basically what's happening in a lot of countries. Bitcoin just needs to be more well known so more people will use it.

Bitcoin is free to use right now without the consent of the government,but sooner or later the government will do something about the bitcoin.

aardvark15

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As long as countries allow bitcoin to be used by merchants or to transfer or store money, then I think bitcoin will be fine. So far that's basically what's happening in a lot of countries. Bitcoin just needs to be more well known so more people will use it.

KennyR

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Quote from: rio3233 on March 25, 2016, 06:51:23 AM

I think if government accepted bitcoin in that country, i'm sure bitcoin will more popular and some people will start using bitcoin for pay or buy something. And of course it will make bitcoin price increase.

No country will officially accept the bitcoin usage. The major reason behind it was the reduction in use of their own national currency which makes their economy down.

vendetahome

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Well to be honest you should do with it whatever you want though it would definitely be a good idea to buy a house with your bitcoins

If I had enough bitcoins to buy a house after a huge growth I would definitely do that as it would make me a lot of money and I wouldn't have anywhere where to put it

rio3233

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I think if government accepted bitcoin in that country, i'm sure bitcoin will more popular and some people will start using bitcoin for pay or buy something. And of course it will make bitcoin price increase.

armansolis593

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Quote from: randy8777 on March 25, 2016, 05:57:02 AM

Quote from: romero121 on March 25, 2016, 02:26:38 AM

Quote from: jack1111 on March 24, 2016, 12:25:42 PM

I think the blockchain and bitcoin technology can affect in financial system of any country , because they can't control by it , so for that governments fight against bitcoin .

Bitcoin and its technology won't interfere in the country's economy. Bitcoin is just a currency that is gonna get used equal to local currencies.

it depends. nowadays everything becomes more and more digital. if at some point even in the less wealthy countries the way people do payments becomes more digital, then bitcoin can definitely shake up the economy there. especially because governments and banks can't do anything to control bitcoin. that's their main worry.

Well if the government cant control their people to stop bitcoin then we might see some sort of mandatory inspection from the government as they can profit from people who are using it.

randy8777

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Quote from: romero121 on March 25, 2016, 02:26:38 AM

Quote from: jack1111 on March 24, 2016, 12:25:42 PM

I think the blockchain and bitcoin technology can affect in financial system of any country , because they can't control by it , so for that governments fight against bitcoin .

Bitcoin and its technology won't interfere in the country's economy. Bitcoin is just a currency that is gonna get used equal to local currencies.

it depends. nowadays everything becomes more and more digital. if at some point even in the less wealthy countries the way people do payments becomes more digital, then bitcoin can definitely shake up the economy there. especially because governments and banks can't do anything to control bitcoin. that's their main worry.

tyz

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Where do you come from? Maybe you should set up a local Bitcoin foundation and make more marketing when corruption is that widespread.

Quote from: Mr. Big on March 19, 2016, 12:51:26 AM

Quote from: gerXhonza on March 18, 2016, 03:40:01 PM

In my country Government and bitcoin are like two sides of a coin, as I don't see that Government in my country will ever stand by bitcoin as it will end of all their corrupted activities if bitcoin gets on mainstream.

In where I live, bitcoin is not growing very fast, and probably government is not yet interested in it..I don't think that it will end the corruption in the government when bitcoin if bitcoin is been adopted

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Quote from: jkrules on March 25, 2016, 05:09:51 AM

Quote from: xht on March 25, 2016, 04:41:05 AM

As long many companies would accept bitcoin, i think government can't stop the adoption of bitcoin. i'm sure they're going to realize of the benefits from bitcoin.

Don't expect government to be so generous to the country. They are busy in making their own money and buying their own bread n butter. government will never support the bitcoin as a currency as they know it can be end of corruption if they adopts bitcoin

On the other hand the governments will have hard times to make people not using Bitcoin.
They can spread as much FUD they want and ban it officially.If Bitcoin keeps on going to be useful and will have advantages in ways governments money can not compete people will use it no matter what.

alisafidel58

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Quote from: jkrules on March 25, 2016, 05:09:51 AM

Quote from: xht on March 25, 2016, 04:41:05 AM

As long many companies would accept bitcoin, i think government can't stop the adoption of bitcoin. i'm sure they're going to realize of the benefits from bitcoin.

Don't expect government to be so generous to the country. They are busy in making their own money and buying their own bread n butter. government will never support the bitcoin as a currency as they know it can be end of corruption if they adopts bitcoin

Bitcoin wont really get any support from the government unless the government can make profit from all bitcoin transaction that is coming in and out of their country.

jkrules

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Quote from: xht on March 25, 2016, 04:41:05 AM

As long many companies would accept bitcoin, i think government can't stop the adoption of bitcoin. i'm sure they're going to realize of the benefits from bitcoin.

Don't expect government to be so generous to the country. They are busy in making their own money and buying their own bread n butter. government will never support the bitcoin as a currency as they know it can be end of corruption if they adopts bitcoin

xht

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As long many companies would accept bitcoin, i think government can't stop the adoption of bitcoin. i'm sure they're going to realize of the benefits from bitcoin.

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Quote from: jack1111 on March 24, 2016, 12:25:42 PM

I think the blockchain and bitcoin technology can affect in financial system of any country , because they can't control by it , so for that governments fight against bitcoin .

Bitcoin and its technology won't interfere in the country's economy. Bitcoin is just a currency that is gonna get used equal to local currencies.

Amph

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Quote from: richmcrich on March 24, 2016, 10:18:14 AM

Governments like regulating stuff, They don't like keeping things working as they do and prefer putting additional restrictions over everything, That's the main problem countries like China and Russia don't like about bitcoin IMO, it's open source and world wide uncontrollable nature.

there is one reason why they want tor egulate it, to have their cut on the profit, basically they want their taxes at all cost

the government is a giant legal scam, so the term "regulate" is just a way to say "we want your money"...

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Quote from: jack1111 on March 24, 2016, 12:25:42 PM

I think the blockchain and bitcoin technology can affect in financial system of any country , because they can't control by it , so for that governments fight against bitcoin .

The financial stability of a country can really be hurt if all people in a certain country is using bitcoin,the government wont allow that to happen when they see that bitcoin is hurting them.

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Quote from: richmcrich on March 24, 2016, 10:18:14 AM

Governments like regulating stuff, They don't like keeping things working as they do and prefer putting additional restrictions over everything, That's the main problem countries like China and Russia don't like about bitcoin IMO, it's open source and world wide uncontrollable nature.

Yeah that's right, probably government knows how bitcoin works and they know that its hard to have control on it...Probably if they come up to a solution on how to regulate bitcoin then probably tax would be imposed..But so far now, bitcoin is far from being controlled by the government..

jack1111

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I think the blockchain and bitcoin technology can affect in financial system of any country , because they can't control by it , so for that governments fight against bitcoin .

Topic: Government & Bitcoin - page 47. (Read 70850 times)