Government & Bitcoin - page 52. | Bitcointalksearch.org

jaysabi

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Quote from: Ernstew on January 21, 2016, 01:10:32 PM

Once a government like the US will decide to adopt Bitcoin as a currency others will surely follow.

I don't ever see the U.S. adopting Bitcoin as a currency. That would mean replacing the dollar, and it's not going to happen. The government is never going to give up control of the money supply. Currently, the U.S. doesn't ban Bitcoin, and in the future if may agree it is a "currency" instead of property, but that's as close as we'll get to adopting it as the official currency.

Quote from: Ernstew on January 21, 2016, 01:10:32 PM

On November 19th 2013 the US congress actually agreed that Bitcoin was a good thing,

What are you referring to here?

jaysabi

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Quote from: Mr. Big on January 19, 2016, 07:40:01 AM

Well, lets just hope that government won't intervene with bitcoin and regulate it, but I don't think that they will enter bitcoin world that easy... as we all know, politicians don't care about those that they don't have control...

Regulation is inevitable. In the U.S., New York is already regulating Bitcoin businesses, and any exchange in the U.S. also has federal regulations to comply with re: anti-money laundering and KYC regulations. Regulatory scrutiny will only increase as time goes forward. Fighting it is a lost cause.

umaOuma

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Quote from: diegz on January 21, 2016, 10:58:18 PM

Quote from: Ya-ing on January 21, 2016, 01:19:20 PM

If you think about government may be planning, it can be scary.

Some government officials might have known something about bitcoin and some were already investing in bitcoin.. who knows..hehe

That's the problem we are facing, government officials are investing into bitcoins but they are not in support of bitcoins from the society point of view, they want to make money, but they don't want that the people of their country should make money, and that is the reason bitcoin is not popular in many countries.

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Quote from: Ya-ing on January 21, 2016, 01:19:20 PM

If you think about government may be planning, it can be scary.

Some government officials might have known something about bitcoin and some were already investing in bitcoin.. who knows..hehe

morantis

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Quote from: Ya-ing on January 21, 2016, 01:19:20 PM

If you think about government may be planning, it can be scary.

They could already be sitting on a vast number of Bitcoins that they have been mining for years.

Ya-ing

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If you think about government may be planning, it can be scary.

morantis

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The scary thing is that when Bitcoin really catches hold, the government will be the ones with the power and servers to mine til the cows come home. Can you imagine the server stacks that they can devote to generating the new currency that is being adopted?

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I think it all depends on which government you're talking about. Many governments around the world are actually embracing Bitcoin seeing the good in crypto currency. For example, the Belgium government isn't opposed to it at all.
The problem is that no one is really taking an actual stand as to "what is Bitcoin" - is it a currency ? is it just a wild bet ?
Once a government like the US will decide to adopt Bitcoin as a currency others will surely follow. On November 19th 2013 the US congress actually agreed that Bitcoin was a good thing, my guess is that it's just a matter of time until it because completely adopted as a currency.

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Well, lets just hope that government won't intervene with bitcoin and regulate it, but I don't think that they will enter bitcoin world that easy... as we all know, politicians don't care about those that they don't have control...

Imran.shamsi

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in under development countries government don't know about bitcoin so that's why they don't collect tax..

Bitcoinbro

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Quote from: HarHarHar9965 on January 17, 2016, 03:18:34 PM

Quote from: MyBTT on January 17, 2016, 02:32:57 AM

Some governments support Bitcoin and some don't. I am not really too sure about my country's government.

there is country also which is using bitcoin as their national currency and many major countries like US and UK not accepting bitcoin because if bitcoin araise price of the usd and pound will get affect in world business matters So this the problem Government is not allowing for bitcoin.

Well i think they are just afraid of bitcoin.
The impact of bitcoin is big and I mean real big.
Their problem is they can't control the currency and the people using it, nor tax it 100%

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Quote from: Yakamoto on January 17, 2016, 03:57:20 PM

Quote from: deisik on January 17, 2016, 04:16:04 AM

Quote from: ?? on ??

many countries govt. are against the bitcoins and its fresh example is rusian govt.

Stop talking about Russian government being against Bitcoin. It is pretty obvious that you neither have an idea what's going on there (here, lol), nor follow the events taking place in Russia in respect to Bitcoin. The former chairman of the Russian CB German Greff openly admits that he has bitcoins...

Wtf, even the fearsome Putin himself says that Bitcoin has value and application

This is actually interesting to hear, I've never heard of Putin saying that Bitcoin had value and application, but I kind of expected to not hear any of this because of the West v. East circlejerk.

I never really thought of Russia being excessive anti-Bitcoin, aside from the stuff you hear on this forum, but I'm glad that they aren't as anti-Bitcoin as they are made out to be.

Regarding Putin's statement about Bitcoin, look here. Concerning folks claiming that Bitcoin is banned in Russia, they simply don't see the real reason behind this "ban", though it is quite obvious. Bitcoin is officially "outlawed" because otherwise the Federal Tax Service of Russia would be legally obliged to chase after the owners of Bitcoin and their income thereof...

Which would be a hell broken loose

Yakamoto

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Quote from: deisik on January 17, 2016, 04:16:04 AM

Quote from: ?? on ??

many countries govt. are against the bitcoins and its fresh example is rusian govt.

Stop talking about Russian government being against Bitcoin. It is pretty obvious that you neither have an idea what's going on there (here, lol), nor follow the events taking place in Russia in respect to Bitcoin. The former chairman of the Russian CB German Greff openly admits that he has bitcoins...

Wtf, even the fearsome Putin himself says that Bitcoin has value and application

This is actually interesting to hear, I've never heard of Putin saying that Bitcoin had value and application, but I kind of expected to not hear any of this because of the West v. East circlejerk.

I never really thought of Russia being excessive anti-Bitcoin, aside from the stuff you hear on this forum, but I'm glad that they aren't as anti-Bitcoin as they are made out to be.

HarHarHar9965

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Quote from: MyBTT on January 17, 2016, 02:32:57 AM

Some governments support Bitcoin and some don't. I am not really too sure about my country's government.

there is country also which is using bitcoin as their national currency and many major countries like US and UK not accepting bitcoin because if bitcoin araise price of the usd and pound will get affect in world business matters So this the problem Government is not allowing for bitcoin.

deisik

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Quote from: ?? on ??

many countries govt. are against the bitcoins and its fresh example is rusian govt.

Stop talking about Russian government being against Bitcoin. It is pretty obvious that you neither have an idea what's going on there (here, lol), nor follow the events taking place in Russia in respect to Bitcoin. The former chairman of the Russian CB German Greff openly admits that he has bitcoins...

Wtf, even the fearsome Putin himself says that Bitcoin has value and application

MyBTT

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Some governments support Bitcoin and some don't. I am not really too sure about my country's government.

iCeSaiah

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Correct me if i'm wrong but bitcoins are tax free right? Just like religious establishments

If so then I think the government would have issues on how to tax this if its made known popularly.

jt byte

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Quote from: spirit of btc on January 09, 2016, 11:33:49 AM

Governments will want to make changes to the Bitcoin algorithm by adding identity information to the Bitcoin/Transaction. Without that bitcoin is inevitable, Governments will go mad about bitcoin.

Yeah they would never accept it, if the user can't be anonymous. This way they can tax it.
Something which go against the complete goal of bitcoin, which is meant to be anonymous...

expert4knowledge

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Quote from: spirit of btc on January 09, 2016, 11:33:49 AM

Governments will want to make changes to the Bitcoin algorithm by adding identity information to the Bitcoin/Transaction. Without that bitcoin is inevitable, Governments will go mad about bitcoin.

I am pretty sure that it will happen someday that is not very far from now and that day prices of bitcoin will slump.

spirit of btc

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Governments will want to make changes to the Bitcoin algorithm by adding identity information to the Bitcoin/Transaction. Without that bitcoin is inevitable, Governments will go mad about bitcoin.

Topic: Government & Bitcoin - page 52. (Read 70830 times)