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Topic: Government & Bitcoin - page 54. (Read 70850 times)

hero member
Activity: 644
Merit: 500
December 30, 2015, 12:51:36 AM
The government is going to always try and get their hands in things that are worth alot. If they think they can bring in a boatload of tax money from bitcoin sure as anything they are going to aim for it.

Yup you are right dude. Many government in the world are holding their income through taxes only. Tax free are too make that in fees way.Thats why these people are not allowing people to use bitcoins in legal with Government acceptance. If its comes in common life with all people. Corruption and many thing remove from the world.
sr. member
Activity: 378
Merit: 250
December 30, 2015, 12:20:46 AM
The US politicians's first decision was to accept bitcoin as a means of payment for campaign donations.

It's obvious what politicians want, campaign donations!


They will like bitcoin because it will make them easier to accept donations, there is no reason why they would ban it. The sooner the politicians realize this the better it will be fir bitcoin Smiley

You dont understand guys. Bitcoin wont be banned, all people love bitcoin:  banks, politicians, businessman, average Joe.

We can all be friends, no need to fight against eachother.

We don't understand. I am pretty sure we are the ones that understand, you don't understand. Bitcoin has already been banned it multiple countries, so that's your first point gone. Not everyone loves Bitcoin, if this was the situation, everyone would be using Bitcoin and at the moment, barely anyone is. You don't know what you are talking about. Get your facts straight and then post.
hero member
Activity: 896
Merit: 1000
Live Stars - Adult Streaming Platform
December 24, 2015, 11:42:31 AM
The government is going to always try and get their hands in things that are worth alot. If they think they can bring in a boatload of tax money from bitcoin sure as anything they are going to aim for it.

When there is money involved they are after you. When there is no money, they don't bother.

In a way i do understand they are after bitcoiners since some are using it to evade taxes, but bitcoin is not made to monitor or even to administrate.
This is something they don't understand.
legendary
Activity: 2674
Merit: 1048
December 24, 2015, 10:46:52 AM
The sharing economy is just going to continue to grow, and governments will be challenged to understand and manage its implications while embracing its benefits. However, governments will be at a significant disadvantage if they wait too long and newer technologies and markets will have already been developed that do not follow traditional models. Think of the following: Uber is the world’s largest taxi service and owns no cars. Airbnb provides lodging yet does not own real estate.

How will local governments adapt to these new ways of doing business that are disrupting traditional business models? All we know now is that governments are a long way from even contemplating and accepting this new reality.
the one that inhibits the growth of bitcoin now, the local government.
they will assume that they will find it difficult to adapt to the economic system of their new if you accept bitcoin raw, but I believe with the development of bitcoin today, at least there will be one or two local authorities were immediately accept bitcoin and legalize it as part of their economic system ,
legendary
Activity: 1232
Merit: 1000
December 24, 2015, 07:37:07 AM
The government is going to always try and get their hands in things that are worth alot. If they think they can bring in a boatload of tax money from bitcoin sure as anything they are going to aim for it.

That would ensure more employment for tax consultants, lawyers, etc.
Soon you will have bitcoin specialists in all these areas opening up.  Smiley
sr. member
Activity: 308
Merit: 250
December 23, 2015, 05:12:44 AM
I am really surprise that government haven't ban bitcoin. I just think that bitcoin will just be accepted at the end.
Maybe in 50 years people will just use bitcoins daily life. Only the problem is the poor country won't have the technology about it so I don't know what will happen really with bitcoin in the future,
hero member
Activity: 644
Merit: 500
December 23, 2015, 12:41:54 AM
The government is going to always try and get their hands in things that are worth alot. If they think they can bring in a boatload of tax money from bitcoin sure as anything they are going to aim for it.

Its good king ruling countries but not suits for the where taxes are payable. If government adapt the bitcoin every money transaction will be transparent. So corrupted people will not allow bitcoin as International currency. This is a problem we have to pluck out
sr. member
Activity: 277
Merit: 250
December 22, 2015, 11:32:40 PM
The government is going to always try and get their hands in things that are worth alot. If they think they can bring in a boatload of tax money from bitcoin sure as anything they are going to aim for it.
newbie
Activity: 53
Merit: 0
December 21, 2015, 01:01:03 PM
did I miss something? Is cash not used in Denmark or Switzerland?

Yes you did miss something, Switzerland and Denmark are both elitist testing grounds for the coming cashless society that crypto currencies will assist to usher in

Denmark close to becoming cashless society
sr. member
Activity: 518
Merit: 250
December 21, 2015, 12:47:04 PM
Negative interest rates have already been rolled out in Denmark and Switzerland, which are both virtually cashless societies.
did I miss something? Is cash not used in Denmark or Switzerland?

Some argue that this gives the government (banks) a higher degree of control since, without cash, bank runs are impossible
True, it gives more power to these financial institutions who got us into this shit. I don't think this is a good situation.
newbie
Activity: 53
Merit: 0
December 21, 2015, 12:40:49 PM
Negative interest rates have already been rolled out in Denmark and Switzerland, which are both virtually cashless societies.

Some argue that this gives the government (banks) a higher degree of control since, without cash, bank runs are impossible
sr. member
Activity: 364
Merit: 250
December 08, 2015, 04:33:38 PM
Those two are opposites and will never go hand in hand.
The governement wants to limit's people's freedom, while bitcoin is about giving people their freedom back. Financial freedom offcourse.
Most governements will resist till the end before endorsing bitcoin.
hero member
Activity: 672
Merit: 508
LOTEO
December 08, 2015, 01:27:20 PM
The government always spies on you everyday, every single hour. They can check the sites you've accessed over the internet, the transactions you've made in the bank and probably even Bitcoin transactions if they manage to link the public address you are using to you. I think the only way that government can't interfere with your BTC transactions, is by using Tor and a Bitcoin Mixer.  Smiley

Tue but many people create a new address for every transaction. Such use is very confusing for anyone to track. Bitcoin transactions have inputs and outputs. Who knows if the address you own today, you will own tomorrow? It's easy to recreate a project and there are imposers (hacks, trojans, scams.. )

I think a VPN connection with bitcoin already causes confusion for foreign spies.
legendary
Activity: 1358
Merit: 1014
December 08, 2015, 12:59:53 PM
It will be very difficult for a government to adopt Bitcoin as its own currency. Its reasons are obvious, including the fact that Bitcoin can't be regulated as it is decentralized, whereas with fiat, the government can regulate and impose taxes on it. Banks only interest is the blockchain technology itself, instead of Bitcoin due to the fact that they could create their own crypto currency in which they could manipulate to their own needs. Just my opinion.  Cheesy

According to me all the part in bold is big wrong. Bitcoin can and is already regulated or partially in to many countries (including important ones such United States or China). In these countries the people can use it, can mine it, can change in other real money (national or not) etc. So your opinion is not true.

Then as for the second part in bold that is totally absurd. Think that the the banks are interested about blockchain because they want to make their digital money have net even the minimum of sense.

First of all, any kind of the commercial cannot make/stamp currencies. Of any kind. Is not allowed by low. Only the Central Banks (or similar Authorities) can do that. The commercial banks use the money as a tool to have their money. To have profit from the use of it. Like every other common business. The difference between a bank and another, whatever can be, business, is only that the banks have as a tool to use to have profit the money itself. While the other businesses have as tool other things in accordance with their area of activity. Nothing else.

Then in world there are thousands and thousand commercial banks. Suggest that every of those can have their coin is to laugh. If true there will be thousands and thousands coins in circulation and all the banks will remain all the time of their existence to convince the other banks to use their coin. Then will happen that there will be accepted all those following the method "I know and use your coin and or if you do the same with mine". So thousand and thousand currencies and no one will use those because will not find portfolio where to put all that kind of money. Then must be changed if some merchants will not accept some and will accept some others.

But the main question to be answered it will be: Why must be this? Who win something? The banks not because will be obligated to use even those other thousand other coins of the other banks and will be a mess. The people less. To complicate. It will be enough to have only one currency by everyone. The national currency and everything is resolved.

I think he doesn't necessary mean 1 bank = 1 coin. Make no mistake, banks and goverment don't benefit from leaving Bitcoin as it is, they will want more regulation. Bitcoin will only get more easy to get anonymity out of it in the future (look at confidential transactions) therefore banks and goverments will demand more regulation, eventually there will be a fight between Bitcoin community and bank/goverment interest.

Goverment wants to get rid of physical cash in the future and they will either want a super regulated Bitcoin or make their own e-fiat sort of thing.
legendary
Activity: 1274
Merit: 1001
December 08, 2015, 08:15:46 AM
Well world is keep evolving and technology is keep advancing,

if the government cant catch the speed of technology the country will fall behind

First thing need to do is to convince the citizen that the evolving technology payment like bitcoin will make the citizen life more secure and easier
legendary
Activity: 1134
Merit: 1000
November 29, 2015, 03:32:49 AM
It will be very difficult for a government to adopt Bitcoin as its own currency. Its reasons are obvious, including the fact that Bitcoin can't be regulated as it is decentralized, whereas with fiat, the government can regulate and impose taxes on it. Banks only interest is the blockchain technology itself, instead of Bitcoin due to the fact that they could create their own crypto currency in which they could manipulate to their own needs. Just my opinion.  Cheesy

According to me all the part in bold is big wrong. Bitcoin can and is already regulated or partially in to many countries (including important ones such United States or China). In these countries the people can use it, can mine it, can change in other real money (national or not) etc. So your opinion is not true.

Then as for the second part in bold that is totally absurd. Think that the the banks are interested about blockchain because they want to make their digital money have net even the minimum of sense.

First of all, any kind of the commercial cannot make/stamp currencies. Of any kind. Is not allowed by low. Only the Central Banks (or similar Authorities) can do that. The commercial banks use the money as a tool to have their money. To have profit from the use of it. Like every other common business. The difference between a bank and another, whatever can be, business, is only that the banks have as a tool to use to have profit the money itself. While the other businesses have as tool other things in accordance with their area of activity. Nothing else.

Then in world there are thousands and thousand commercial banks. Suggest that every of those can have their coin is to laugh. If true there will be thousands and thousands coins in circulation and all the banks will remain all the time of their existence to convince the other banks to use their coin. Then will happen that there will be accepted all those following the method "I know and use your coin and or if you do the same with mine". So thousand and thousand currencies and no one will use those because will not find portfolio where to put all that kind of money. Then must be changed if some merchants will not accept some and will accept some others.

But the main question to be answered it will be: Why must be this? Who win something? The banks not because will be obligated to use even those other thousand other coins of the other banks and will be a mess. The people less. To complicate. It will be enough to have only one currency by everyone. The national currency and everything is resolved.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
November 13, 2015, 03:12:27 PM
It will be very difficult for a government to adopt Bitcoin as its own currency. Its reasons are obvious, including the fact that Bitcoin can't be regulated as it is decentralized, whereas with fiat, the government can regulate and impose taxes on it. Banks only interest is the blockchain technology itself, instead of Bitcoin due to the fact that they could create their own crypto currency in which they could manipulate to their own needs. Just my opinion.  Cheesy
legendary
Activity: 1400
Merit: 1001
November 09, 2015, 08:39:51 PM
Governments will never allow bitcoins as they cant tax it.

That is true, not only they can't tax on those transactions but also they can't trace out 100% who has done the transaction.
In bitcoin natural p2p enviroment when all transactions are done via bitcoin network alone it is really impossible to track. But we are not using bitcoin that way most of the time.
At our level of bitcoin 'acceptance' we are bound to bitcoin exchanges, second party online wallets/services etc. Using bitcoin that way is almost no different that using your credit card.
hero member
Activity: 896
Merit: 1000
Live Stars - Adult Streaming Platform
November 09, 2015, 06:21:35 PM
Governments will never allow bitcoins as they cant tax it.

That is true, not only they can't tax on those transactions but also they can't trace out 100% who has done the transaction.

That's true but think about if we reserve it. Suppose 1 governement will use bitcoin to safe billions on fees, administration cost etc.

What would happen to the BTC price?
hero member
Activity: 676
Merit: 500
November 09, 2015, 06:33:37 AM
We all know the government is actively watching bitcoin emerge as a legitimate currency source. I'm sure they are in talks about it behind closed doors
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