Topic: Government vs Bitcoin (Read 1225 times)
Recently some countries and governments already supported the use of Bitcoin or even the cryptocurrency itself, actually bitcoin isn't a threat its just the abuse of the people mishandling the use of the cryptocurrency and the reason why they need to regulate the use of it, people will comply or they will banned or prohibit the use of it most cases scenarios are like this but in total its beneficial now widely spreading the adaptation of the cryptocurrency and could be good for possible efficient way to pay for stores, establishment beside from use for an investment and trades. Its all about how people use the bitcoin so they can be use as good tool.
DECENTRALIZATION! 
Governments frequently misunderstand bitcoin innovation.
This impression arises from the disproportionate bans and regulations they enact.
Although occasionally the bitcoin regulations appear unreasonable, I posit that bitcoin is not as detrimental as suggested. Please correct me if I am wrong.
I think you are wrong. Government don't misunderstand Bitcoin or the concept of it innovation, but due to the inability to control Bitcoin and it decentralized nature, is the reason why they dislike it. Another reason is that they see it as a scam attempt to defraud many people since it has no account number like bank which you could easily trace people ACC and their activity and also correct some issues. but in crypto currency if a Bitcoin is lost to a wrong wallet it will be difficult to reverse and if it's large fund , you wouldn't be able to reverse it. This impression arises from the disproportionate bans and regulations they enact.
Although occasionally the bitcoin regulations appear unreasonable, I posit that bitcoin is not as detrimental as suggested. Please correct me if I am wrong.
Regarding El Salvador accepting bitcoin because they are a country on the verge of default, they have no solution left to save their country. They saw bitcoin as the last resort to save them and luckily things still progressed as they expected.
Governments frequently misunderstand bitcoin innovation.
This impression arises from the disproportionate bans and regulations they enact.
Although occasionally the bitcoin regulations appear unreasonable, I posit that bitcoin is not as detrimental as suggested. Please correct me if I am wrong.
I think you are wrong. Government don't misunderstand Bitcoin or the concept of it innovation, but due to the inability to control Bitcoin and it decentralized nature, is the reason why they dislike it. Another reason is that they see it as a scam attempt to defraud many people since it has no account number like bank which you could easily trace people ACC and their activity and also correct some issues. but in crypto currency if a Bitcoin is lost to a wrong wallet it will be difficult to reverse and if it's large fund , you wouldn't be able to reverse it. This impression arises from the disproportionate bans and regulations they enact.
Although occasionally the bitcoin regulations appear unreasonable, I posit that bitcoin is not as detrimental as suggested. Please correct me if I am wrong.
It’s not a misunderstanding. The government is restricting it because they understand it. While I like to think that they ban and restrict it so they can be in control, I also see that there are worries about cases where people use Bitcoin wrongly (to even pay for illegal things) and due to anonymity, you cannot trace it. Also, the government likes tax, they know that Bitcoin not being able to be traced wouldn’t let them take their cut of one’s money. Over time, more government will come to terms with Bitcoin, you can tell if you compare the present to the past.
The government has always wanted to control everything which I think it won't be as easy as they want and now the same government placing bans and restricting are still the same thing. and the government understands it wants it to be able to regulate. if not the government is selfish you did not create it but you want to be in charge of it that is just the government for you. some countries are strictly against using Bitcoin and if you are caught you will or might be punished but that does not stop people from using Bitcoin and we all know that in some cases bitcoin is used wrongly but where there are good eggs there are also bad eggs.
And the anonymity makes it more interesting because if you look at it now nobody gives a damn about who you are in a transaction with and that is what makes it more interesting but we all should not forget that anything good also has its bad side. another major truth is government also wants to make money out of everything and that is why they want to be involved just because of the tax they will make from it. and over time most governments will have a choice than to accept it.
Governments frequently misunderstand bitcoin innovation.
This impression arises from the disproportionate bans and regulations they enact.
Although occasionally the bitcoin regulations appear unreasonable, I posit that bitcoin is not as detrimental as suggested. Please correct me if I am wrong.
I think you are wrong. Government don't misunderstand Bitcoin or the concept of it innovation, but due to the inability to control Bitcoin and it decentralized nature, is the reason why they dislike it. Another reason is that they see it as a scam attempt to defraud many people since it has no account number like bank which you could easily trace people ACC and their activity and also correct some issues. but in crypto currency if a Bitcoin is lost to a wrong wallet it will be difficult to reverse and if it's large fund , you wouldn't be able to reverse it. This impression arises from the disproportionate bans and regulations they enact.
Although occasionally the bitcoin regulations appear unreasonable, I posit that bitcoin is not as detrimental as suggested. Please correct me if I am wrong.
In terms of the potential that Bitcoin has created, it can be said without a doubt that Bitcoin can't cause anyone's damage. Some governments think that once Bitcoin is legalized around the world, people will only be hooked on using Bitcoin. As a result, they will lose much of their economic control. Because they are unable to control Bitcoin, Bitcoin is not a government asset. So they don't have the power to control Bitcoin. Due to which some governments have made Bitcoin illegal. But currently Bitcoin has managed to create as much dominance as. It is likely that the government will enter Bitcoin in a very short period of time.
if the government loses control then they will lose a lot of profits as with fiat, so it is difficult for them to legalize bitcoin, but by seeing the increasingly rapid development of bitcoin then they get new land to pay taxes from bitcoiners, and of course as citizens we can only follow the regulations made by the government where we live. but at least the government has not banned all bitcoin activities, so bitcoiners can still move to make a profit and the government gets tribute 
In terms of the potential that Bitcoin has created, it can be said without a doubt that Bitcoin can't cause anyone's damage. Some governments think that once Bitcoin is legalized around the world, people will only be hooked on using Bitcoin. As a result, they will lose much of their economic control. Because they are unable to control Bitcoin, Bitcoin is not a government asset. So they don't have the power to control Bitcoin. Due to which some governments have made Bitcoin illegal. But currently Bitcoin has managed to create as much dominance as. It is likely that the government will enter Bitcoin in a very short period of time.
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Looking for your opinion on this website
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You seem new, so you can take help from the board.
Beginners & Help: https://bitcointalk.org/index.php?board=39.0
Governments frequently misunderstand bitcoin innovation.
This impression arises from the disproportionate bans and regulations they enact.
Although occasionally the bitcoin regulations appear unreasonable, I posit that bitcoin is not as detrimental as suggested. Please correct me if I am wrong.
This impression arises from the disproportionate bans and regulations they enact.
Although occasionally the bitcoin regulations appear unreasonable, I posit that bitcoin is not as detrimental as suggested. Please correct me if I am wrong.
The beauty of Bitcoin is this: It can't be controlled. As soon as we understand that the government doesn't exist to benefit the people, but rather they only think about themselves, your mind changes quicly.
My country is one of the most corrupts in the whole world, and they always say that everything they do is for the people, but we all know it is a lie.
It is true government which talks about development for the welfare of the people is totally false. They have taken every effort to increase their own funds, and want to absorb the country. Rather, my country is a developing country where almost people are engaged in Bitcoin investment. Investing in Bitcoin is definitely a success or failure. I have proven it to be true and I myself have invested in Bitcoin and seen some profit from it. Governments do not show interest in Bitcoin and do not prohibit people from using Bitcoin. So Bitcoin seems to me to be the last one rather than government policy and one can invest in Bitcoin in their own right.
It’s not a misunderstanding. The government is restricting it because they understand it. While I like to think that they ban and restrict it so they can be in control, I also see that there are worries about cases where people use Bitcoin wrongly (to even pay for illegal things) and due to anonymity, you cannot trace it. Also, the government likes tax, they know that Bitcoin not being able to be traced wouldn’t let them take their cut of one’s money. Over time, more government will come to terms with Bitcoin, you can tell if you compare the present to the past.
Exactly! But to add to that, the government can't accept bitcoin or the use of crypto currency because it will take a long time before it can be mainstream; what I mean is, before it can be implemented by a large crowd, it's not easy to understand crypto currency. That's why even the government knows how this technology can help; they choose to ignore it as it can't be easily used by anyone, and they are aware of how powerful bitcoin can be; it can dominate the fiat currency if they just let it be regulated or accepted. But we bitcoiners are still not losing hope that someday the world will be cryptocurrency friendly so that the illegalities of crypto currency will be ignored and we can just focus on how it can help many people. But even without the recognition or acknowledgement of the government, we are still free to access bitcoin, as they can't stop us from using it; they don't have the means.But I don’t equally think that understanding bitcoin is difficult. It’s basically copying one’s wallet address or even scanning it, and sending money just like you would to anybody using a bank. So, it isn’t difficult. The government knows that it will affect the fiat currency with which they operate. That’s most likely the case. People will care about the fiat currency and I believe it will result in losing its value.
Governments frequently misunderstand bitcoin innovation.
This impression arises from the disproportionate bans and regulations they enact.
They do not fail to understand, but are too afraid that people will abandon fiat currency because Bitcoin can provide certainty, so various framings are carried out to create a negative impact on it. As time goes by, people realize how Bitcoin has gained such huge adoption throughout the world even though some countries have banned it.This impression arises from the disproportionate bans and regulations they enact.
Although occasionally the bitcoin regulations appear unreasonable, I posit that bitcoin is not as detrimental as suggested. Please correct me if I am wrong.
Which rule do you mean is unreasonable? and bitcoin does not harm anyone if the individuals involved in it are not trying to commit a crime. Bitcoin is much more independent for itself and bitcoin can also survive in the midst of inflation and recession, just as gold tends to be unaffected. It's just that people don't see bitcoin as a general step for investment because it talks about volatility, but when they study it they get an idea of how bitcoin can have the same impact in maintaining the value of the investments we make. 
I'm sure the government really understands bitcoin and how it works. If the government really didn't understand and seriusly rejected bitcoin, we wouldn't be able to find the current bitcoin markets that bridge fiat and crypto. However, there are various things that prevent the government from making it a legal means of payment. perhaps due to significant changes of bitcoin value that make it uncontrollable, so it becomes chaos when the value becomes too high and drops suddenly. I am very happy that bitcoin is used as a digital asset where only a community of people who understand it using it. So when sometimes bitcoin falls, it is only the community that has effected and it will not be a disaster for a country. So, just enjoy what is happening now and be grateful for it. Correct me if I'm wrong¡
Obviously the Government of the world are constantly fighting against it there’s an obvious division some want it gone because it threatens their failing financial systems while others who have been looking for an answer to the failing systems are grateful to Satoshi
Eventually Bitcoin will fulfill it’s destiny and rid the world of the failing financial institutions used to oppress and impose different negative ways to under developing nations around the world, I hope that as we grow many more people will get to understand Bitcoin and see it for salvation it is rather than what the destruction the government's make us think.
Eventually Bitcoin will fulfill it’s destiny and rid the world of the failing financial institutions used to oppress and impose different negative ways to under developing nations around the world, I hope that as we grow many more people will get to understand Bitcoin and see it for salvation it is rather than what the destruction the government's make us think.
Actually government sees Bitcoin as a threat base on the fact that since it's decentralized, they can't be in control of it, and secondly, the existence of Bitcoin made almost near impossible to ascertain how much an individual is worth, if they want to track the finance of someone that' uses Bitcoin, that's why they still find it difficult in some countries to legalize Bitcoin in the society.
We as Bitcoineers just know that the more they fight it, the more it gain popularity among people around the world.
We as Bitcoineers just know that the more they fight it, the more it gain popularity among people around the world.
It’s not a misunderstanding. The government is restricting it because they understand it. While I like to think that they ban and restrict it so they can be in control, I also see that there are worries about cases where people use Bitcoin wrongly (to even pay for illegal things) and due to anonymity, you cannot trace it. Also, the government likes tax, they know that Bitcoin not being able to be traced wouldn’t let them take their cut of one’s money. Over time, more government will come to terms with Bitcoin, you can tell if you compare the present to the past.
A bit of the government do understand bitcoin and a bit of the government don't understand bitcoin, I think that you've almost covered all of the possible reasons on why they ban it because they understand bitcoin so I'd like to take on the reason why they ban it because they don't understand, it's just my opinion so feel free to correct me or something, just don't hurt my feelings.For me, the reason why I think that the government bans bitcoin because they don't understand it has got to do with xenophobia or the fear of the unknown, they don't know how the technology fully works and how they can utilize it to the means that would serve their interests be it selfish or altruistic, also the fact that the government have a hard time approving new technology means that they're going to do the same with bitcoin here, it's going to be full of red tape and bureaucracy. Hopefully, I'm just being delusional about these assumptions that I've talked and that bitcoin is doing just fine when it comes to it's relation with a lot of government, they'll eventually give in though, look at what's happening to Argentina with a pro bitcoin president.
That is correct, because before there were other countries that banned Bitcoin, and then later the ban on Bitcoin was also lifted. The question is, why did they withdraw? and they suddenly adapted bitcoin to their country. It's clear that they didn't understand Bitcoin when they first heard about it.
Because maybe when they first encountered it and heard it, what they thought was that they couldn't control it and had no benefit from it, or maybe they also thought that it was a threat to their country, but the truth is that later they realized that it would actually help.
First of all,the government is the country and the country is the government.Therefore whatever is not in their control or under their supremacy should not be in the same space with them.The thing is they are the government and they always seem to want to be in charge.
They are the body of the people,the rule of law in fact;Every government has its own constitution or a set of fundamental principles that it follows to ensure effective governance.But once they noticed something trying to overrule or overpower their governance,they'll ensure they terminate its existence.
The case of bitcoin is different,I think the governments are afraid of bitcoin because bitcoin system denies them the right to operate and have authority over its transactions.Because of that, they take bitcoin to be in a competition with the fait system they're in charge of.They 're afraid of it exposing their mischievous financial plot to the economy.
They are the body of the people,the rule of law in fact;Every government has its own constitution or a set of fundamental principles that it follows to ensure effective governance.But once they noticed something trying to overrule or overpower their governance,they'll ensure they terminate its existence.
The case of bitcoin is different,I think the governments are afraid of bitcoin because bitcoin system denies them the right to operate and have authority over its transactions.Because of that, they take bitcoin to be in a competition with the fait system they're in charge of.They 're afraid of it exposing their mischievous financial plot to the economy.
It’s not a misunderstanding. The government is restricting it because they understand it. While I like to think that they ban and restrict it so they can be in control, I also see that there are worries about cases where people use Bitcoin wrongly (to even pay for illegal things) and due to anonymity, you cannot trace it. Also, the government likes tax, they know that Bitcoin not being able to be traced wouldn’t let them take their cut of one’s money. Over time, more government will come to terms with Bitcoin, you can tell if you compare the present to the past.
A bit of the government do understand bitcoin and a bit of the government don't understand bitcoin, I think that you've almost covered all of the possible reasons on why they ban it because they understand bitcoin so I'd like to take on the reason why they ban it because they don't understand, it's just my opinion so feel free to correct me or something, just don't hurt my feelings.For me, the reason why I think that the government bans bitcoin because they don't understand it has got to do with xenophobia or the fear of the unknown, they don't know how the technology fully works and how they can utilize it to the means that would serve their interests be it selfish or altruistic, also the fact that the government have a hard time approving new technology means that they're going to do the same with bitcoin here, it's going to be full of red tape and bureaucracy. Hopefully, I'm just being delusional about these assumptions that I've talked and that bitcoin is doing just fine when it comes to it's relation with a lot of government, they'll eventually give in though, look at what's happening to Argentina with a pro bitcoin president.
It’s not a misunderstanding. The government is restricting it because they understand it. While I like to think that they ban and restrict it so they can be in control, I also see that there are worries about cases where people use Bitcoin wrongly (to even pay for illegal things) and due to anonymity, you cannot trace it. Also, the government likes tax, they know that Bitcoin not being able to be traced wouldn’t let them take their cut of one’s money. Over time, more government will come to terms with Bitcoin, you can tell if you compare the present to the past.
Exactly! But to add to that, the government can't accept bitcoin or the use of crypto currency because it will take a long time before it can be mainstream; what I mean is, before it can be implemented by a large crowd, it's not easy to understand crypto currency. That's why even the government knows how this technology can help; they choose to ignore it as it can't be easily used by anyone, and they are aware of how powerful bitcoin can be; it can dominate the fiat currency if they just let it be regulated or accepted. But we bitcoiners are still not losing hope that someday the world will be cryptocurrency friendly so that the illegalities of crypto currency will be ignored and we can just focus on how it can help many people. But even without the recognition or acknowledgement of the government, we are still free to access bitcoin, as they can't stop us from using it; they don't have the means.
It’s not a misunderstanding. The government is restricting it because they understand it. While I like to think that they ban and restrict it so they can be in control, I also see that there are worries about cases where people use Bitcoin wrongly (to even pay for illegal things) and due to anonymity, you cannot trace it. Also, the government likes tax, they know that Bitcoin not being able to be traced wouldn’t let them take their cut of one’s money. Over time, more government will come to terms with Bitcoin, you can tell if you compare the present to the past.
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