Topic: Government & Bitcoin - page 64. (Read 70850 times)
in the long run I'm more worried about unforeseen technical problems than I am with government actions.
hmm....in this growing world bitcoin would be uses to pay taxes..
?
?most likely it will be taxed to death if governments start to accept it(in the sense to regulate it) more like IRS is doing in the USA
we are lucky that there is not one governments only in this world, at elast we are not 100% centralized, so one can go abroad to trade his bitcoin, where there is no restrictions
hmm....in this growing world bitcoin would be uses to pay taxes..?
?most likely it will be taxed to death if governments start to accept it(in the sense to regulate it) more like IRS is doing in the USA
we are lucky that there is not one governments only in this world, at elast we are not 100% centralized, so one can go abroad to trade his bitcoin, where there is no restrictions
The government interference is almost certainly inevitable. But it may be less intrusive than most people expect. No one individual in government would want to start an unwinnable battle.
Ya and in my country i don't think that government will ever come in support of the bitcoins. As the government of my country is very corrupted and they are just interested in their personal benefits rather then the benefits of the society.
The government interference is almost certainly inevitable. But it may be less intrusive than most people expect. No one individual in government would want to start an unwinnable battle.
hmm....in this growing world bitcoin would be uses to pay taxes..?
? Quote
Do you mean there are banks that already use the blockchain technology in production environment? If so, can you point to some articles or press releases which state this? I know only from some banks researching on blockchain technology (e.g. UBS).
So far none of the bank accepted the blockchain technology in the production environment except for the purpose of Research & Development.
"The Wall Street Journal has reported that Swiss banking giant UBS have now publicly stated their plans to open a technology lab in London to explore block chain technology and applicable usage in financial services. More banks are dipping their feet in the proverbial waters of the cryptocurrency sector"
There are thread that said some banks want to implement blockchain technology into their banking system. But I dont know whether it is for sure or not because there are no continous news and I can't find that thread anymore so I guess it wont have been implemented until now
The banks have been showing interest in Bitcoin for a while, but they still haven't figured out how it fully works, otherwise they wouldn't be constantly separating the blockchain from bitcoin every single time. The people that write those news are even more clueless, so what you end up is with a piece of news that is giving the impresion to clueless readers that Bitcoin is some geeky internet crap while the blockchain is awesome. Thats were we are today. There should be a good video explaining why this is wrong and make it go viral so this current stupid notion gets erased from the collective thought.
How are they going to seperate blockchain from bitcoin itself? Because what you said is making no sense at all and still you judge people clueless. You didnt have any good reason too though which is based on nothing too
Quote
Do you mean there are banks that already use the blockchain technology in production environment? If so, can you point to some articles or press releases which state this? I know only from some banks researching on blockchain technology (e.g. UBS).
So far none of the bank accepted the blockchain technology in the production environment except for the purpose of Research & Development.
"The Wall Street Journal has reported that Swiss banking giant UBS have now publicly stated their plans to open a technology lab in London to explore block chain technology and applicable usage in financial services. More banks are dipping their feet in the proverbial waters of the cryptocurrency sector"
There are thread that said some banks want to implement blockchain technology into their banking system. But I dont know whether it is for sure or not because there are no continous news and I can't find that thread anymore so I guess it wont have been implemented until now
The banks have been showing interest in Bitcoin for a while, but they still haven't figured out how it fully works, otherwise they wouldn't be constantly separating the blockchain from bitcoin every single time. The people that write those news are even more clueless, so what you end up is with a piece of news that is giving the impresion to clueless readers that Bitcoin is some geeky internet crap while the blockchain is awesome. Thats were we are today. There should be a good video explaining why this is wrong and make it go viral so this current stupid notion gets erased from the collective thought.
How are they going to seperate blockchain from bitcoin itself? Because what you said is making no sense at all and still you judge people clueless. You didnt have any good reason too though which is based on nothing too
Bitcoin has surged in value and popularity recently as it has come to be embraced by more users across the world. In a world of government fiat currencies, Bitcoin is an admirable innovation. and i believe the goverment will adopted it
Quote
Do you mean there are banks that already use the blockchain technology in production environment? If so, can you point to some articles or press releases which state this? I know only from some banks researching on blockchain technology (e.g. UBS).
So far none of the bank accepted the blockchain technology in the production environment except for the purpose of Research & Development.
"The Wall Street Journal has reported that Swiss banking giant UBS have now publicly stated their plans to open a technology lab in London to explore block chain technology and applicable usage in financial services. More banks are dipping their feet in the proverbial waters of the cryptocurrency sector"
There are thread that said some banks want to implement blockchain technology into their banking system. But I dont know whether it is for sure or not because there are no continous news and I can't find that thread anymore so I guess it wont have been implemented until now
The banks have been showing interest in Bitcoin for a while, but they still haven't figured out how it fully works, otherwise they wouldn't be constantly separating the blockchain from bitcoin every single time. The people that write those news are even more clueless, so what you end up is with a piece of news that is giving the impresion to clueless readers that Bitcoin is some geeky internet crap while the blockchain is awesome. Thats were we are today. There should be a good video explaining why this is wrong and make it go viral so this current stupid notion gets erased from the collective thought.
-snip-
I will appreciate your hardwork to search what you think is right on your way. Since you got that from oxford dictionaries, I can't say any words again
Thanks !
Anyway, thanks, I will improve my English, since I'm not a native English speaker
You are fine, alot are worse
The bolded part, thats what I have been constantly telling you because that you are keep getting a misunderstanding that government that support BTC should contribute something for the community but the fact is that they dont need to. Infact by legalizing BTC than is a significant contribution for BTC already.
When there is no regulation, the market actors will learn what is risky and what is less risky. It is playing out as we speak, and I love it. Regulators trying to take away risk, destroy capitalism and it only leads to turbulence.
I wonder how will this play out if there is some regulations for it. If the regulations will be to provide some verification data to reduce the risk of it it will be against the principle of BTC since it is in the nature of BTC to be pseudo-anonymous,
in my opinion government slowly will welcome for bitcoin as one of their economy base.
What makes you feel that? The last thing bitcoin needs is government regulation because it will affect system functioning of bitcoin. Welcoming it would be nice, fucking with it? Probably not.
If there is no regulation I doubt it will ever reach mainstream status. As long as there are ways to stay anonymous and the privacy of Bitcoin which currently is pretty poor improves in the future, those that want to circumvent regulations will be able to if they want to risk it.
When there is no regulation, the market actors will learn what is risky and what is less risky. It is playing out as we speak, and I love it. Regulators trying to take away risk, destroy capitalism and it only leads to turbulence.
in my opinion government slowly will welcome for bitcoin as one of their economy base.
What makes you feel that? The last thing bitcoin needs is government regulation because it will affect system functioning of bitcoin. Welcoming it would be nice, fucking with it? Probably not.
If there is no regulation I doubt it will ever reach mainstream status. As long as there are ways to stay anonymous and the privacy of Bitcoin which currently is pretty poor improves in the future, those that want to circumvent regulations will be able to if they want to risk it.
When there is no regulation, the market actors will learn what is risky and what is less risky. It is playing out as we speak, and I love it. Regulators trying to take away risk, destroy capitalism and it only leads to turbulence.
Quote
Do you mean there are banks that already use the blockchain technology in production environment? If so, can you point to some articles or press releases which state this? I know only from some banks researching on blockchain technology (e.g. UBS).
So far none of the bank accepted the blockchain technology in the production environment except for the purpose of Research & Development.
"The Wall Street Journal has reported that Swiss banking giant UBS have now publicly stated their plans to open a technology lab in London to explore block chain technology and applicable usage in financial services. More banks are dipping their feet in the proverbial waters of the cryptocurrency sector"
There are thread that said some banks want to implement blockchain technology into their banking system. But I dont know whether it is for sure or not because there are no continous news and I can't find that thread anymore so I guess it wont have been implemented until now
Lets get back to square one shall we? First of all I just revised about the words "SUPPORT" . I dont know where did you get that quote about the words SUPPORT from but I will give this link for you to revised your post (again bolded, resized and colored them red)
http://www.oxforddictionaries.com/definition/english/support
http://www.oxforddictionaries.com/definition/english/approval
http://www.oxforddictionaries.com/definition/english/legalize
Short words : Support = giving approval = legalize , No?
So back to square one, support could mean making some legal which in this case would be the same case as legalize.
Dont get yourself under delusion that the words "support" BTC means that government need to build something for BTC because this is not the same case as what your thought is . This is not a playground about bashing through each sentences from dictionary anyway
tl;dr : No one will be bother to legalize it if they dont support it ( references on the words support at the above dictionaries post). Whats the point of it anyway
http://www.oxforddictionaries.com/definition/english/support
Quote from: oxford_dictionaries
2.2 Give approval, comfort, or encouragement to:
http://www.oxforddictionaries.com/definition/english/approval
Quote from: oxford_dictionaries
1. The action of approving something
http://www.oxforddictionaries.com/definition/english/legalize
Quote from: oxford_dictionaries
Make (something that was previously illegal) permissible by law
Short words : Support = giving approval = legalize , No?
So back to square one, support could mean making some legal which in this case would be the same case as legalize.
Dont get yourself under delusion that the words "support" BTC means that government need to build something for BTC because this is not the same case as what your thought is . This is not a playground about bashing through each sentences from dictionary anyway
tl;dr : No one will be bother to legalize it if they dont support it ( references on the words support at the above dictionaries post). Whats the point of it anyway
I will appreciate your hardwork to search what you think is right on your way. Since you got that from oxford dictionaries, I can't say any words again
I think you need to admit, that you meant is legalize, not support.
You should learn English because you are keep on getting delusion about the words SUPPORT means that the goverment must do something for BTC while on the other hands you are neglecting the other meaning of it (read my post thoroughly)
It's not depend on English, have you heard about synonym? It's depend on our understanding about a word that has many meaning. Anyway, thanks, I will improve my English, since I'm not a native English speaker.
Nowadays the hackers are smarter and I think you have ever heard about Sony Pictures hacking.
I hate to say this but you should also learn about BTC , dont compare BTC with some dust security there . BTC is much better in every aspect especially in term of security. Also it is not wise to compare those thing because they are not relevant to each another.
P.S : Bitcoin wiki will be the best place for you to start
P.S 2 : Im not a fan of ditching or despise the government although I am a fan of BTC security. If you are more into ditching or despise the government then you should lurk around this board https://bitcointalk.org/index.php?board=1.0. Most poster there do despise goverment alot
You said like crimes never happened before in bitcoin world LOL. My advice is, don't underestimate hackers
It would be embarrassing if that really be happened to you. Quote
Do you mean there are banks that already use the blockchain technology in production environment? If so, can you point to some articles or press releases which state this? I know only from some banks researching on blockchain technology (e.g. UBS).
So far none of the bank accepted the blockchain technology in the production environment except for the purpose of Research & Development.
"The Wall Street Journal has reported that Swiss banking giant UBS have now publicly stated their plans to open a technology lab in London to explore block chain technology and applicable usage in financial services. More banks are dipping their feet in the proverbial waters of the cryptocurrency sector"
Lets get back to square one shall we? First of all I just revised about the words "SUPPORT" . I dont know where did you get that quote about the words SUPPORT from but I will give this link for you to revised your post (again bolded, resized and colored them red)
http://www.oxforddictionaries.com/definition/english/support
You should learn English because you are keep on getting delusion about the words SUPPORT means that the goverment must do something for BTC while on the other hands you are neglecting the other meaning of it (read my post thoroughly)
I hate to say this but you should also learn about BTC , dont compare BTC with some dust security there . BTC is much better in every aspect especially in term of security. Also it is not wise to compare those thing because they are not relevant to each another.
P.S : Bitcoin wiki will be the best place for you to start
P.S 2 : Im not a fan of ditching or despise the government although I am a fan of BTC security. If you are more into ditching or despise the government then you should lurk around this board https://bitcointalk.org/index.php?board=1.0. Most poster there do despise goverment alot
http://www.oxforddictionaries.com/definition/english/support
I think you need to admit, that you meant is legalize, not support.
You should learn English because you are keep on getting delusion about the words SUPPORT means that the goverment must do something for BTC while on the other hands you are neglecting the other meaning of it (read my post thoroughly)
Nowadays the hackers are smarter and I think you have ever heard about Sony Pictures hacking.
[/quote]I hate to say this but you should also learn about BTC , dont compare BTC with some dust security there . BTC is much better in every aspect especially in term of security. Also it is not wise to compare those thing because they are not relevant to each another.
P.S : Bitcoin wiki will be the best place for you to start
P.S 2 : Im not a fan of ditching or despise the government although I am a fan of BTC security. If you are more into ditching or despise the government then you should lurk around this board https://bitcointalk.org/index.php?board=1.0. Most poster there do despise goverment alot
Im pretty much aware of the words " support" and you should read before posting. I've stated before (below) and it is pointless to argue on a grey area , much like arguing is GOD exist or not which is a grey area as well.
Its okay, since I got meaning of word "support" from the dictionary.
Also your own post killed your argument (bolded and resized them even colored them red just so you are aware that there are 2 meanings there ). The words enable to function which means in this case the government allowed BTC to function as it is (a currency) therefore your post actually just supported my argument that some government support BTC
2. give assistance to, especially financially; enable to function or act.
So, do you think government is the one that allowed bitcoin to function as a currency? Come on, without permission of government, bitcoin can function by itself. I think you need to admit, that you meant is legalize, not support. I give you a example with marijuana case. In some countries, the government legalized marijuana, not supported it. Could you get the difference between legalize and support? Have you heard about government made a farm of marijuana to their people or made marijuana related food manufacturers? I think no, because the government just legalized it with some of law, they don't support it.
If you lost your fiat, you can report it to police.
What for? so you could get it back ? I wouldnt need any government nor police If I could secure my BTC properly which alot of people couldnt. Also a hacking attempt is considered as a cyber crime therefore it can be reported as well ( not sure about this)
allright, I advice you to improve your security system, if you have plenty bucks there. Nowadays the hackers are smarter and I think you have ever heard about Sony Pictures hacking.
bitcoin was created for there is no inverention from third side in this situation is goverment and bank so i think goverment just adopted bitcoins technology and make their own, i imagine there is no fiat anymore and money has converted to cryptocurency and each country have their own.
yes i also though that, but its take a long time to do that because some country loved their own currency because they follow or they want to live the culture, or they respect what their forefather invented or what their used before them.
bitcoin was created for there is no inverention from third side in this situation is goverment and bank so i think goverment just adopted bitcoins technology and make their own, i imagine there is no fiat anymore and money has converted to cryptocurency and each country have their own.
Jump to: