Topic: Government fears Bitcoin - page 3. (Read 923 times)

I think the problem with Bitcoin and other cryptocurrency is the lack of control mechanism. With the possibility to control the Bitcoin government will also have the possibility to use it for their own purposes.
I will not mention that fear, they have nothing to think about. But what all governments want is to control everything, especially to something that can affect the economy.

Maybe the other government fears bitcoin because our government fears it atbfurst too that the banks that the government controlled night collapse if the bitcoins comes by because we all know that the bitcoins are decentralized and ut just means that there are no taxes at all and the government do not want that because all those taxes are gonna be their salaries the government employees salaries the budgets for thing project is from the taxes so without taxes government will collapse

Maybe the government is afraid of Bitcoin because it is a decentralized digital currency, and no one can control it. That means the government will lose control of people and money, and they do not want it. Borcoin has become a cryptocurrency accepted worldwide as a means of payment, it will reduce the intermediary system resulting in the loss of the rich by stealing money through bank people.

the government is afraid of bitcoin because it can transactions through bitcoin,in the presence of transactions with bitcoin then most bank users switch to transactions with bitcoin, the government automatically afraid of losses of state banks.
The state is also afraid of the state input that continues to thin out with the depletion of bank customers and bitcoin also have no tax for the state.

I do not think the government is afraid of bitcoin, maybe there is a government concern about bitcoin freedom. The government is afraid if bitcoin is rampant, while no one is controlezing bitcoin growth. If everyone has an automated bitcoin of all rich people, this will have a negative or criminal impact. The rate of economic growth can not be controlled, so that fellow people do not need each other. So instead the government is afraid of bitcoin, but the government is afraid of the negative impact that bitcoin will cause.

Yes for me they fears bitcoin because... It will lessen their function in the society...  They probably feared bitcoin because they saw that it could really change the world...  They are afraid for the instant changes...  They are not ready about it...  Because almost all pekple people will probably focus on investing, trading and everything about cryptocurrency....  It would be the worst situation face by the government because it will probably lessen the service created by people...  Their will be no teacher,  doctors and other professional jobs that will help the growth of economy and if it happens the tax paid by people will be lessen...  And probably the programs held by the governmet will lessen...  Their will be no new infrastructures and new invested technology if it happens... Imagine that's how bitcoin will gonna be change or life...  It is a butterfly effect...  Because of a very simple thing almost all will be change.. Their are a lots of posible changes if bitcoin or cryptocurrency reign our world that's why government fear it...  

I agree with you. government officials want to achieve an improvement using bitcoin is very helpful to the government itself, with bitcoin everything can be done quickly and speed is very helpful at all. the government is less deep into bitcoin, if only they do that they will definitely find positive things that will give their own benefits to them.

in my opinion,bitcoin can change the world without need for governments. to a great extent the governments fears exit currency from the country.

Government are trying to fight cryptocurrency because they know that cryptocurrency is the pathway to financial freedom of a common man. cryptocurrency will make the government irrelevant since many people are loyal to government in order to receive payment.

Yes for many reasons and for one it has the greatest potential to make fiat money futile and more with bitcoin they cant get a profit since they dont have control over it. The government are speculating that bitcoin could make the world econmy collapse because there is no government gains and if people shift to bitcoin currency this mean that their will be no tax thats going to build infrustractures. I think this is a lame reasoning.

every country has own currency, they want to keep their currency exist. I think it is a reason why the government fears bitcoin. because bitcoin is digital currency market, it will be the future currency.

I think Bitcoin ban is not possible to do till there is internet connection all over the world and also this is peer to peer transactions which depends on the buyer and the seller and it involves no third party like banks and because of this reason government and  other organizations are against it because the taxes won't be paid by trader if there are regulations on bitcoin and other altcoins and in order to control the taxes and charges they are generating their own crypto coin with rules & regulations.

every country has own currency, they want to keep their currency exist. I think it is a reason why the government fears bitcoin. because bitcoin is digital currency market, it will be the future currency.

Why the current crypto currency market is worse than the Rothschild owned central banking system!
Why the need for bitcoin black?
The founding members of bitcoin own 95%+ of the entire crypto sphere! Founding members are disguised as Satoshi.
The new money system is doomed! The main need in the crypto space is a fair distibution with education to truly empower users, not to continue on the old path of money centralisation painted in a different picture based on tech.

From the start they owned the majority of  bitcoins and manipulated the price to accumulate more of a share in each project.
From this point any other project accepted bitcoin in ICO's and as accumulation through manipulation accumulated their holdings they invested a stake in the other altcoins.
Founding members get involved in a large stage and over time through manipulation accumulate more and more of a market share of the major projects.
Still at a small total market cap 400 Billion the manipulation continues with one goal to own more of a share of each crypto.
December 2017 masses were lured into crypto for the first time strategist to make them lose faith in the space and lose money. Many other rounds of luring will take place and accumulation of a greater % stake will take place into new upcoming projects.

It is the transitioning of the old money to the new money, owning more of a share in the new money than before. Making it seem fair, accidental and a betterment to humanity. When in fact its more slavery and concentration of wealth to the elite.

https://bitcointalksearch.org/topic/ann-bitcoin-black-btcb-airdrop-ico-fair-distribution-36-billion-dag-3124440

The purpose of any bitcoin service company may include helping those who do not get access to a conventional bank, so it is not surprising that conventional banks feel uncomfortable with the competition.

Of course, the changes will be financially felt by the holders of Crypto. And of course, this shows the progress. Continuing on government bans, it is only a matter of fear when people suffer total losses. But more than that less understood.

One of the dreaded things is taxes, as we know that taxes are the main source of finance to finance a country. In addition, the rapidly changing price fluctuations have indeed made the government afraid of Bitcoin. They fear that there will be chaos if there is a drastic increase and decrease in Bitcoin prices. That's normal because many governments are still not ready and they are still trying to discuss the regulations that govern Bitcoin.

yes, I also think so. governments forbid cryptocurrency for that reason. if only the government started doing this (digital currency) maybe they are also very supportive of crypto.

the reason the government still has not received bitcoin. because they are afraid that their income and income for the state treasury will decrease. because it will be many of the people who will move and make transactions using existing systems in the world bitcoin .rather than using a system that has been prepared by the state of the Bank.

I think rather than forbid maybe the government should compromise, because when prohibited transactions will be transferred to a country that legalize bitcoin, and that may be a loss for the government.