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Topic: How to make governments accept bitcoin? - page 10. (Read 28970 times)

hero member
Activity: 924
Merit: 505
I think government need to study more about bitcoin and how it works. Because bitcoin its not easy to use an entire city that that they not study about it. And maybe they not adop bitcoin because some people are not use technology and they don't know how to use modern technology.
hero member
Activity: 946
Merit: 500
Bcnex - The Ultimate Blockchain Trading Platform
Best way is to destroy scams. Having scammy exchanges, scammy people running away, this is what make the trust to do not come. Little by little, by not funding them will make them disappear, and a trust will be contructed over the time.

Destroying scams is a very hard task, they are everywhere. What the government or us should do is to raise awareness. If we will raise awareness to the people and to the government about those technique of scams then it will be possible that the government will accept bitcoin and will accept the fact that bitcoin is good for the economy.

Once government finds a way to control or manipulate the bitcoin users surely they will let people know it for their people can earn and be benefited from it same with they can get taxes through the users once they find a way how to put taxes on each user.
hero member
Activity: 3080
Merit: 603
Best way is to destroy scams. Having scammy exchanges, scammy people running away, this is what make the trust to do not come. Little by little, by not funding them will make them disappear, and a trust will be contructed over the time.

Destroying scams is a very hard task, they are everywhere. What the government or us should do is to raise awareness. If we will raise awareness to the people and to the government about those technique of scams then it will be possible that the government will accept bitcoin and will accept the fact that bitcoin is good for the economy.
full member
Activity: 168
Merit: 100
No government will accept Bitcoin just like they don't accept gold (well, maybe in special circumstances). Fiat currency has a specific use.

Well as a matter of fact, bitcoin is now accepted by the government in some country. Have you heard about Japan, China, Russia, and Philippines, they are countries where bitcoin is accepted by the government. I think you must research first before making your stand. The government's bitcoin acceptance is not too hard for them, they just know that there is a benefit from bitcoin especially on their economy.

Japan - New Method of Payment but Not Currency. ... While the bill recognizes them as a new method of payment in Japan like Paypal, virtual currencies are not classified as “currencies” however.

Private parties can hold and trade bitcoins in China, regulation prohibits financial firms like banks from doing the same.

Russia to recognize bitcoin as a legal financial instrument, but to accept them as currency and keep them as reserve, no.

Philippines most recently legalized Bitcoin as legal tender, but as far as transacting in local transactions, you still have to exchange them to local currency.

Bitcoin may be legal but you still have to pay local taxes or purchases in the local currency just like you can't pay US dollars (World's number one reserve currency) to buy burrito in Mexico or dumplings in Hongkong. It just can't as it goes against government control like you don't see people buying stuff with gold.

Jesus, what ignorance in financial markets.

sr. member
Activity: 546
Merit: 255
No government will accept Bitcoin just like they don't accept gold (well, maybe in special circumstances). Fiat currency has a specific use.

Well as a matter of fact, bitcoin is now accepted by the government in some country. Have you heard about Japan, China, Russia, and Philippines, they are countries where bitcoin is accepted by the government. I think you must research first before making your stand. The government's bitcoin acceptance is not too hard for them, they just know that there is a benefit from bitcoin especially on their economy.
sr. member
Activity: 379
Merit: 250
Best way is to destroy scams. Having scammy exchanges, scammy people running away, this is what make the trust to do not come. Little by little, by not funding them will make them disappear, and a trust will be contructed over the time.
full member
Activity: 168
Merit: 100
No government will accept Bitcoin just like they don't accept gold (well, maybe in special circumstances). Fiat currency has a specific use.
sr. member
Activity: 406
Merit: 250
https://gexcrypto.io
A lot of governments accept Bitcoin already as it is. However, I’m sure a lot of them would enjoy adding a backdoor, as that would probably help the more totalitarian governments accept it.

The government just kept quiet at this time. They have not taken action to make bitcoin better. Government should provide support for bitcoin development. Today japan and russia became one of the countries that have appreciated the use of bitcoin in the country.
The whole Russia part was kind of surprising to me. Wasn’t it like a year ago when they threatened to imprison anybody who used Bitcoin?

It would seem like Russia was finally enlightened about the benefits of bitcoin in their country. Just like a saying states: it's better late than never. Well Russia's acceptance of bitcoin is not that late, wasn't it. They just don't know bitcoin then but now, bitcoin gained more power and even made a country such as Russia to accept it despite of their point of view in the past.
sr. member
Activity: 504
Merit: 250
A lot of governments accept Bitcoin already as it is. However, I’m sure a lot of them would enjoy adding a backdoor, as that would probably help the more totalitarian governments accept it.

The government just kept quiet at this time. They have not taken action to make bitcoin better. Government should provide support for bitcoin development. Today japan and russia became one of the countries that have appreciated the use of bitcoin in the country.
The whole Russia part was kind of surprising to me. Wasn’t it like a year ago when they threatened to imprison anybody who used Bitcoin?
hero member
Activity: 826
Merit: 502
to me i think by only putting pressure on government can make government to legalize bitcoin. but still i thin bitcoin are still iit will take such a long long time because the users of bitcoin are still very low to put pressure on government, therefore to me i think it will take such a long time to make government to accept bitcoin as legal currency/


You can put all the pressure to the government but they will only do what they think is going to improve their nation's situation. Hundreds of thousands of people live in the streets, millions don't eat 3 times a day, billions of kids suffer from malnutrition. Those stuffs alone has put much pressure to the government but are these problems ever going to be solved? They have done stuffs to do so but until now, it's still the problem of most countries.

Even just slow and overpriced Internet connection can't be solved in most third world countries. Legalizing bitcoin as a currency is a broad thing and they barely have the time to focus on such thing.

Hundreds of thousands of people live in the streets, -  in some countries not in mine
millions don't eat 3 times a day,  - in some countries not in mine
billions of kids suffer from malnutrition.- in some countries not in mine
slow and overpriced Internet connection - in some countries not in mine

So if the governments in some countries have fixed this and in others not it might be a problem with the ones that people are electing. Who's fault would that be?

And now, going even deeper in this, for some countries in this world bitcoin is not a solution right now , and going from fiat to crypto in a short time might have the opposite results.
I do hope that if a government would turn to bitcoin it won't be in a deeply flawed country.
Because this is one thing we don't want. A failed experiment going terribly wrong.

You can't simply blame the government for these economic problems. There are countries that don't have don't much natural resource ever since. There are countries that have been conquered by other countries. There are also countries that won the war back then so they are rich today. The past is very relevant and even when you change the government, these problems won't just go away. It will take a generation or two of excellent government to solve these problems.

You don't just change the government and then Voi la! all the sorrows are gone. It will take tons of time to correct the wrongdoings of the past governments.
newbie
Activity: 14
Merit: 0
I have a question for you. How to make governments accept bitcoin and not see it as a threat? So that one could use bitcoin in daily use, such as paying taxes or grocery shopping. What is there, other than anonymity, thats making governments fear bitcoin and cryptocurrencies?
Government will never accept this kind of technology because they will never gonna have access to it. But the government will never control peolple. Shocked
legendary
Activity: 3038
Merit: 1169
They already known about the bitcoin and i know theres only one reason why and how to make them accept bitcoin for good one reason is bitcoin can help those jobless person to work with bitcoin secondly is they can use this as remittance where it is easy to send money anywhere from the world third when you are living on hour country we can easily withdraw our bitcoins into fiat with in 5 minutes via bank.
I dont agree with that, jobless people won't make the goverment look at the bitcoin more kindly, nothing will change in their minds.
I cannot find any other option to increase the chance of goverments adopting bitcoin, than just spreading the "good news" everywhere. if bitcoin is able to spread on the whole world (it already did, but even more people have to be in the blockchain network) then we will surely see countries accepting bitcoin. Why? Because they have no choice, if the society will want that, then the authorities are going to be forced by us to accept that kind of payment as a another way possible to make settlements.

Yup you got a point when the government would apply bitcoin in the country people would not have a choice but to accept bitcoin as a whole just like their regular money that they are using, but I think that government would always have a second over accepting bitcoin, the uncontrollable movement and many scams with the trading, but I am not presuming to those facts alone why the government are not adapting bitcoin. well check the news japan is not accepting bitcoin and by 2018 Russia will start accepting bitcoin in their country, maybe bitcoin was slowly accepted by every country one at the time!
sr. member
Activity: 406
Merit: 250
https://gexcrypto.io
They already known about the bitcoin and i know theres only one reason why and how to make them accept bitcoin for good one reason is bitcoin can help those jobless person to work with bitcoin secondly is they can use this as remittance where it is easy to send money anywhere from the world third when you are living on hour country we can easily withdraw our bitcoins into fiat with in 5 minutes via bank.
I dont agree with that, jobless people won't make the goverment look at the bitcoin more kindly, nothing will change in their minds.
I cannot find any other option to increase the chance of goverments adopting bitcoin, than just spreading the "good news" everywhere. if bitcoin is able to spread on the whole world (it already did, but even more people have to be in the blockchain network) then we will surely see countries accepting bitcoin. Why? Because they have no choice, if the society will want that, then the authorities are going to be forced by us to accept that kind of payment as a another way possible to make settlements.
The government have their own way in dealing with their jobless countrymen, they have programs and bitcoin will never be on their list. The government will stay stubborn in such matter since they do not trust bitcoin entirely. They will just accept bitcoin as an alternative method of payment and nothing else.
hero member
Activity: 644
Merit: 501
They already known about the bitcoin and i know theres only one reason why and how to make them accept bitcoin for good one reason is bitcoin can help those jobless person to work with bitcoin secondly is they can use this as remittance where it is easy to send money anywhere from the world third when you are living on hour country we can easily withdraw our bitcoins into fiat with in 5 minutes via bank.
I dont agree with that, jobless people won't make the goverment look at the bitcoin more kindly, nothing will change in their minds.
I cannot find any other option to increase the chance of goverments adopting bitcoin, than just spreading the "good news" everywhere. if bitcoin is able to spread on the whole world (it already did, but even more people have to be in the blockchain network) then we will surely see countries accepting bitcoin. Why? Because they have no choice, if the society will want that, then the authorities are going to be forced by us to accept that kind of payment as a another way possible to make settlements.
sr. member
Activity: 363
Merit: 250
They already known about the bitcoin and i know theres only one reason why and how to make them accept bitcoin for good one reason is bitcoin can help those jobless person to work with bitcoin secondly is they can use this as remittance where it is easy to send money anywhere from the world third when you are living on hour country we can easily withdraw our bitcoins into fiat with in 5 minutes via bank.

Government will never care about those people who are jobless in their country as they are busy in filling their own pockets and when it comes to remittance Government will always insist people to use banks and other payment methods and will never support bitcoins for sure.
sr. member
Activity: 882
Merit: 258
★Bitvest.io★ Play Plinko or Invest!
I have a question for you. How to make governments accept bitcoin and not see it as a threat? So that one could use bitcoin in daily use, such as paying taxes or grocery shopping. What is there, other than anonymity, thats making governments fear bitcoin and cryptocurrencies?
Well in my understanding it can be accepted by the government if it will pass the iso or any government a credited department that will provide license, business permit to such any online which is related to any business that concerns money.
hero member
Activity: 2170
Merit: 530
They already known about the bitcoin and i know theres only one reason why and how to make them accept bitcoin for good one reason is bitcoin can help those jobless person to work with bitcoin secondly is they can use this as remittance where it is easy to send money anywhere from the world third when you are living on hour country we can easily withdraw our bitcoins into fiat with in 5 minutes via bank.
full member
Activity: 234
Merit: 100
Bitcoin cannot be accepted by the government i think but still many companies will accept bitcoin because of the opportunity it give because of the all most billion user's that is using it it can give companies a lot of money but government cannot control the bitcoin even no one can hack it.
If government can't accept bitcoin then how can you explain what does the Japan did to bitcoin, they already accepted bitcoin to their country and they are already spreading the use of bitcoins by accepting it to the stores there. Government just need some knowledge about bitcoin to be able to be accepted by them.
In addition, government should start to be more open-minded with this new things in order to see the benefits it brought which can be of great asset in the evolution of their economical growth. Let's view this with clear judgement and weigh the advantages and disadvantages which by doing so we will see what truly is Bitcoin.
hero member
Activity: 2590
Merit: 644
Bitcoin cannot be accepted by the government i think but still many companies will accept bitcoin because of the opportunity it give because of the all most billion user's that is using it it can give companies a lot of money but government cannot control the bitcoin even no one can hack it.
If government can't accept bitcoin then how can you explain what does the Japan did to bitcoin, they already accepted bitcoin to their country and they are already spreading the use of bitcoins by accepting it to the stores there. Government just need some knowledge about bitcoin to be able to be accepted by them.
sr. member
Activity: 896
Merit: 272
OWNR - Store all crypto in one app.
Bitcoin cannot be accepted by the government i think but still many companies will accept bitcoin because of the opportunity it give because of the all most billion user's that is using it it can give companies a lot of money but government cannot control the bitcoin even no one can hack it.
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