Government Can Not Regulate Bitcoin Said, Satoshi Nakamorto.

Roboabhishek

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Quote from: BitcoinMoses on November 26, 2017, 07:57:48 PM

Government Can Not Regulate Bitcoin Said, Satoshi Nakamorto.

He said that Bitcoin is not a legal tender currency created by any central bank or any nation-state government and Bitcoin is not a currency by his definition of the nature of Bitcoin. Bitcoin is an electronic cash system it is not money but Bitcoin is software based code that provides secure, transparent and efficient money transaction. Therefore no government have any legal right to regulate Bitcoin. They must mind their political business instead of putting their eyes on financial technology to get more money from the Bitcoin companies. Recently he has contacted the Prime Minister and the Chancellor and has given an invitation to look at the Official Definitions of Bitcoin.

Well said the government should mind their business instead of making money from a currency which does not belong to any country.
But I'm sure politics will include bitcoin in everything soon enough after all we call it politics is a dirty game

wihrn

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well, we can now see that he was wrong: we see how governments limit usage of btc in particular and cryptocurrencies in a whole.

mobnepal

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- There are many p2p trading platform for those who don't want to pay taxes on bitcoin.
- There are many unregulated crypto trading platform and decentralized exchanges where you don't have to give any of your personal detail so you can't be regulated or monitored by your government.
- There are mixing services with which you can hide your source of income or can make it difficult for government to track you down through your transactions.

Bitcoin was developed for anonymous transaction and there are many ways to get rid of any regulation government will impose on bitcoin related transactions.

meer45

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Governments will try to tax whatever income you have. This is a fact. Although cryptocurrencies themselves may be anonymous, when you make money off of them and want to cash out, you can't do that without banks finding out, which means the government finding out, which means taxes. I don't think it can be avoided.

jseverson

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Quote from: BitcoinMoses on November 26, 2017, 07:57:48 PM

Government Can Not Regulate Bitcoin Said, Satoshi Nakamorto.

He said that Bitcoin is not a legal tender currency created by any central bank or any nation-state government and Bitcoin is not a currency by his definition of the nature of Bitcoin. Bitcoin is an electronic cash system it is not money but Bitcoin is software based code that provides secure, transparent and efficient money transaction. Therefore no government have any legal right to regulate Bitcoin. They must mind their political business instead of putting their eyes on financial technology to get more money from the Bitcoin companies. Recently he has contacted the Prime Minister and the Chancellor and has given an invitation to look at the Official Definitions of Bitcoin.

How recently? 2010? Because Satoshi has been missing from the scene since then lmao. Why do people bother creating fake stories like this?

I also dispute what you're saying. Governments don't have to follow Satoshi's definition, and they most definitely can apply regulations. Lots of them already have, for better or for worse. They can call it whatever they want for as long as they pass laws that put it under their jurisdiction. It's an inevitability we simply have to face. It's not always a bad thing either.

BitcoinMoses

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I Am Satoshi Nakamoto

Government Can Not Regulate Bitcoin Said, Satoshi Nakamorto.

He said that Bitcoin is not a legal tender currency created by any central bank or any nation-state government and Bitcoin is not a currency by his definition of the nature of Bitcoin. Bitcoin is an electronic cash system it is not money but Bitcoin is software based code that provides secure, transparent and efficient money transaction. Therefore no government have any legal right to regulate Bitcoin. They must mind their political business instead of putting their eyes on financial technology to get more money from the Bitcoin companies. Recently he has contacted the Prime Minister and the Chancellor and has given an invitation to look at the Official Definitions of Bitcoin.

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