Topic: [Graphic] Bitcoin vs. The Government. (Read 2603 times)
it would be better if they are more honest than just "cool"
Government is still afraid in bitcoin because the bitcoin can kill the currency of one's nations that's why the government start to war against bitcoin and they planning to ban it in their country, they want bitcoin to post pay taxes on them because they don't earn money in bitcoin. Government will still fight it until the bitcoin end but it is a head fight for a government.
I totally agree your opinion as you can see in this whole time bitcoin went up and down but the main it was only UP ; even if government will announce public that bitcoin is a bubble or a scam the bitcoin will be temporary affected not permanently ! . If something goes bad or good bitcoin has only way to go UP!!!!!
Government is still afraid in bitcoin because the bitcoin can kill the currency of one's nations that's why the government start to war against bitcoin and they planning to ban it in their country, they want bitcoin to post pay taxes on them because they don't earn money in bitcoin. Government will still fight it until the bitcoin end but it is a head fight for a government.
The government itself support bitcoin in all various transaction which is a good thing in some countries all over the world. Bitcoin and government has a good relationship at all.
It depends upon the government if they don't want the bitcoin trading system. There is no reason that I see for the government to be anti the bitcoin trading system.
It do not pay taxes but it gives a big benefit to the government through the income that comes from the different part b of b the world.
It do not pay taxes but it gives a big benefit to the government through the income that comes from the different part b of b the world.
Actually there is a wrong misunderstanding about this issue. They always make contradiction between the government and bitcoin which is not true.
The company of bitcoin and the government has a good relationship between each other since there is a win-win situation happening to them once the market value of bitcoin is rising up.
The government will collect lots of tax while bitcoin can dominate in the whole world.
The company of bitcoin and the government has a good relationship between each other since there is a win-win situation happening to them once the market value of bitcoin is rising up.
The government will collect lots of tax while bitcoin can dominate in the whole world.
The government itself gives the bitcoin a authority to operate and recognize by the state as a legal entity and has a capacity to deal with investors.
I think the government support the cryptocurrency somehiw since this business entity generates income and collected taxes which will remitted to them;
In this way the government earn revenues to support government projects and expenditures
I think the government support the cryptocurrency somehiw since this business entity generates income and collected taxes which will remitted to them;
In this way the government earn revenues to support government projects and expenditures
cool and simple image.
Pefect comparison between bitcoin and fiat currency. Yes bitcoin has many benefits over fiat currency but still it has some problems to regulate in common use. Only 21 millions of bitcoin can be mined, also mining costs are much high and hence the transaction fees going much high. Also security concerns due to hacking of wallets. Again not having physical appearance is another problem for bitcoin to be future currency.
The character in the the bottom right corner does not make much sense though--"you are forced to consume the little they offer" someone explain this.
Nice graphic work by the way, this can be used to help people easily understand what bitcoin really is all about and not the misconception of illegal doings.
Nice graphic work by the way, this can be used to help people easily understand what bitcoin really is all about and not the misconception of illegal doings.
In my own opinion, the government of different countries has a great relationship from the company of bitcoin. The government will promote the services of bitcoin to the public which leads to a high demand while Bitcoin can help the government to establish a well-civilized country wherein the there will centralize and systematic process in all aspect.
I do not think bitcoin can influence the politics of the nations of the world, or say otherwise, it can not help to establish civilized nations. But above all, it represents a completely new, secure and secure technology. And it is what humanity is aiming for.
The conflict of the credit and financial system of all crypto-currency system is unavoidable. The state and officials will be on the side of the co-operative financial system. The results of the conflict, we will see in the near future.
There are countries that have promoted bitcoin as well given importance to the regular fiat. Same time there are more countries that have banned bitcoin as well some has made legal with restrictions. Around the world different forms of acceptance is found and hope in future everywhere acceptance will be found.
In my own opinion, the government of different countries has a great relationship from the company of bitcoin. The government will promote the services of bitcoin to the public which leads to a high demand while Bitcoin can help the government to establish a well-civilized country wherein the there will centralize and systematic process in all aspect.
cool and simple image.
Round 4 : Bitcoin save my Life.
http://www.zerohedge.com/news/2017-08-23/bitcoin-saved-my-life
Quote
So he buys bitcoins and sells them to a friend in Colombia - who won’t accept bolivars. The friend then buys cancer treatment and medical supplies for Eli.
Here is another classic example of comparing a cryptocurrency and a fiat currency. Obviously Fiat currency is controlled by the government to make it more stable and in fact inflation is not a bad thing it signifies demand for the supply. Also if we don't have a stable inflation rate our economy will have a bad transition because of it. I don't know but we can look both ways for Bitcoin and Fiat currency but we all know their own strenghts and weaknesses.
Bitcoin, like the other crypto currency, will always conflict with governments in some ways, because bitcoin is decentralized and anonymous by its nature. This will always be disliked by governments that are used to command and control everything. The way to rub and seek consensus will be long. However, technical progress can not be stopped. The Internet was also at first disliked by some authoritarian governments because of the unrestricted dissemination of information, but this is already in the past. Therefore, the crypto currency will win.
Goverments should be allowing cryptocurrency in their country since it is a good advancement of technology, it will help their country grow economically, though without taxation, many can xreate businesses and make their lives easy and for sure they will create something that will help their countrymen, governments should also give lessons or seminars that will encourage their citizens to become businessmen in order to create jobs.
You just called all the positive sides of crypto-currencies use. But you forgot about negative sides. it is not a secret that Bitcoin is used for buying drugs, terroristic support and corruption. Everything because of hidden identity of users. So all governments are staying infront of the choice now. Bitcoin is not forbidden in many countries yet, but I suppose if it will became clear that some old and new terracts will be financed through this crypto-currency, I think the dark days will come to bitcoin.
Round 3 : http://www.zerohedge.com/news/2017-08-04/venezuela-currency-disintegrates-down-16-today
Inflation of a "currency" (of a country) VS. the Bitcoin value and functionalities.
And this : https://www.coinhills.com/market/xbt-bsf/
Result : don't trust your currency or your bank or your country, only trust Bitcoin network rules.
Inflation of a "currency" (of a country) VS. the Bitcoin value and functionalities.
Quote
"Every time the black dollar goes up, you're poorer," resignedly said Juan Zabala, an executive in a reinsurance business in Caracas.
His salary is 800,000 bolivares per month.
On Thursday, that was worth $47 at the parallel rate. A year ago, it was $200.
The inexorable dive of the money was one of the most-discussed signs of the "uncertainty" created by the appointment of the Constituent Assembly, which starts work Friday.
His salary is 800,000 bolivares per month.
On Thursday, that was worth $47 at the parallel rate. A year ago, it was $200.
The inexorable dive of the money was one of the most-discussed signs of the "uncertainty" created by the appointment of the Constituent Assembly, which starts work Friday.
And this : https://www.coinhills.com/market/xbt-bsf/
Result : don't trust your currency or your bank or your country, only trust Bitcoin network rules.
I love your graphs and infographics, man.
I believe that Venezuela is the ultimate economic disaster in the 21st century after Zimbabwe. But on the other hand i sort of embrace the Venezuelan economic crisis because it truly shows how dangerous it is to have a central entity having the power of issuing money insetad of the money being generated in a decentralized way.
It seems odd to me that a lot of people get comfortable with fiat currency just because it is going strong at the moment. They don't hedge against a fiat collapse with bitcoin, silver, gold, anything. All they do is blindly put their savings in a fiat currency and leave it in a bank, only for it to depreciate in alue like hell. Venezuelans right now are learning a valuable lesson. And it's not surprising to me that a lot of people are actually switching to selling their Venezuelan bolivars for bitcoin as soon as they get their pay.
this is a very good graphic
It is more advantage from bitcoin to fiat it contains less hustle from doing a fiat. How about the poor once if bitcoin will be our daily expenses? How they can pay if they didnt have an phone or computer that they use for buy?.
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