The only way possible to affect the financial regulations of a government is to ease its burden of debt. There are no governments in the world that are sovereign. Firstly they would have to be bought out of their debt to be even able to talk about supporting bitcoin.
That is the first requirement. But it wont happen as there are too many corrupt entities involved in the process.
Topic: How to make governments accept bitcoin? - page 14. (Read 28970 times)
The government has its hands full in a lot of other issues, and bitcoin being as small as it is now, with its own issues as well, will never be considered by governments as their primary currency. Also, governments are still after stability, which can’t be said of bitcoin right now. Things could change in the future as we are headed towards a more modernized era where infrastructure and technology are being improved to make our lives better and our transactions faster and hassle-free.
I think that the discussion is also about how to make goverments accept bitcoin, but not as a primary payment method, but as a different type of currency.Too achieve any of these goals, we need to see a massive growth of community around the cryptocurrency world, without that there is no such a possibilty to see any goverment will replace their own fiat currency with BTC.
However if we can see that society will demand to accept bitcoin as a one of the legal payments method, governments will simply have to acquire bitcoin, because they cannot resist the community- after all, they have their power thanks to their voting power.
Government wont accept it, one of the main reasons why bitcoin is so hard to become legalized it's because of it's anonymity.
Government's cant track the sources of it's income so they cant implement taxes to a bitcoin users
Will for me bitcoin is fine the way it is and i can spend it the way i want.
Government's cant track the sources of it's income so they cant implement taxes to a bitcoin users
Will for me bitcoin is fine the way it is and i can spend it the way i want.
I agree with you. The government will never take bitcoin. This could lead to the collapse of the economy. This solution is especially dangerous for countries with a weak economic system
The government has its hands full in a lot of other issues, and bitcoin being as small as it is now, with its own issues as well, will never be considered by governments as their primary currency. Also, governments are still after stability, which can’t be said of bitcoin right now. Things could change in the future as we are headed towards a more modernized era where infrastructure and technology are being improved to make our lives better and our transactions faster and hassle-free.
Making bitcoin as an official currency, for now, it is too impossible, the government will not adopt it because they can't control it the only thing that they can do is just regulate it. So, for this reason, i might say that it is too hard to convince government for accept bitcoin. However, they only interested in the technology behind bitcoin, the blockchain as we know that they are working on it and maybe someday this technology could be implemented on their financial system such as digitize their currency.So just like what banks are doing which is adopting Ripple technology. Anyway I don't care if governments will not allow bitcoin and other crypto to be their standard currency (which will never ever happen so stop dreaming) for as long as they aren't prohibiting it.
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?
For me, I think the best way to explain the bitcoin to our goverment is to have our own representative that will clearly explain the advantages of bitcoin. We must explain the use and help of bitcoin to many people nowadays and how it will affect the economy in good ways. I think the goverment fear that bitcoin may make our economy waste if it's value is too low and sometimes it will make the economy poor so that they didn't know if they will accept bitcoin.
I couldn't agree more with your idea to explain government about benefits by using bitcoin maybe it work. Even though bitcoin in the government eyes is negative(it used for illegal activities because bitcoin is anonym). Bitcoin should trusted enough to make government believe with it,
But now bitcoin technology is getting adopted by government, i found this pict from my friend who active in bitcoin. It will good beginning for bitcoin really accepted by government in the next time.
The government has its hands full in a lot of other issues, and bitcoin being as small as it is now, with its own issues as well, will never be considered by governments as their primary currency. Also, governments are still after stability, which can’t be said of bitcoin right now. Things could change in the future as we are headed towards a more modernized era where infrastructure and technology are being improved to make our lives better and our transactions faster and hassle-free.
Making bitcoin as an official currency, for now, it is too impossible, the government will not adopt it because they can't control it the only thing that they can do is just regulate it. So, for this reason, i might say that it is too hard to convince government for accept bitcoin. However, they only interested in the technology behind bitcoin, the blockchain as we know that they are working on it and maybe someday this technology could be implemented on their financial system such as digitize their currency.So just like what banks are doing which is adopting Ripple technology. Anyway I don't care if governments will not allow bitcoin and other crypto to be their standard currency (which will never ever happen so stop dreaming) for as long as they aren't prohibiting it.
The government has its hands full in a lot of other issues, and bitcoin being as small as it is now, with its own issues as well, will never be considered by governments as their primary currency. Also, governments are still after stability, which can’t be said of bitcoin right now. Things could change in the future as we are headed towards a more modernized era where infrastructure and technology are being improved to make our lives better and our transactions faster and hassle-free.
Making bitcoin as an official currency, for now, it is too impossible, the government will not adopt it because they can't control it the only thing that they can do is just regulate it. So, for this reason, i might say that it is too hard to convince government for accept bitcoin. However, they only interested in the technology behind bitcoin, the blockchain as we know that they are working on it and maybe someday this technology could be implemented on their financial system such as digitize their currency.
I doubt this will happen anytime soon mainly because how unstable the market value is. Also a country afaik only accepts it's own currency, so I doubt it will suddenly accept a foreign currency such as bitcoin. If bitcoin is a currency is another discussion.
there must be a strong sense of trust from the government. because if the government does not believe bitcoin then this will continue. the government must take the risk of using bitcoin in the country.
Maybe in a certain amount of time, the governments will come around and finally accept Bitcoin as a trusted method of payment. Fiat is still good though.
I think if government would only accept a Bitcoin may have problems and some binding rules bitcoin, especially bitcoin users will be enjoined to pay taxes
Frankly making Bitcoin look like a normal currency. Because if the government sees Bitcoin as some kind of threat in terms of the economy or even their national security they would surely take action for it. We all know that Bitcoin is somewhat involve in illegal transactions from drugs to laundering, this is what we need to avoid in order that the government won't see Bitcoin as some kind of threat. Because it can really affect the economy of a country once made something uncontrollable a legal thing in that place. Imagine having a small amount of national budget because everyone is hiding their unrealized earnings through Bitcoin, wouldn't that be some kind of awful thing to be faced by that country?
Government wont accept it, one of the main reasons why bitcoin is so hard to become legalized it's because of it's anonymity.
Government's cant track the sources of it's income so they cant implement taxes to a bitcoin users
Will for me bitcoin is fine the way it is and i can spend it the way i want.
Government's cant track the sources of it's income so they cant implement taxes to a bitcoin users
Will for me bitcoin is fine the way it is and i can spend it the way i want.
I agree with you. The government will never take bitcoin. This could lead to the collapse of the economy. This solution is especially dangerous for countries with a weak economic system
Government wont accept it, one of the main reasons why bitcoin is so hard to become legalized it's because of it's anonymity.
Government's cant track the sources of it's income so they cant implement taxes to a bitcoin users
Will for me bitcoin is fine the way it is and i can spend it the way i want.
Government's cant track the sources of it's income so they cant implement taxes to a bitcoin users
Will for me bitcoin is fine the way it is and i can spend it the way i want.
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?
may be like give education for goverments about bitcoin 
because i think bitcoin nit accept goverment because they not know bitcoin and not know function or benefits of it 
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?
For me, I think the best way to explain the bitcoin to our goverment is to have our own representative that will clearly explain the advantages of bitcoin. We must explain the use and help of bitcoin to many people nowadays and how it will affect the economy in good ways. I think the goverment fear that bitcoin may make our economy waste if it's value is too low and sometimes it will make the economy poor so that they didn't know if they will accept bitcoin.
There are different reasons why most governments do not take measures that make Bitcoin more recognized, such as the problems they would face in collecting taxes and the fact that they would have no control over the issue of the currency.
However, many governments are already recognizing the currency as a good thing for nations, and this can become more frequent if people put pressure on politicians from their countries, as such measures will hardly come from the politicians themselves.
They can actually put a taxation in bitcoin if they would manage its local exchanger which all money from fiat money to digital currency pass trough. Thus, I don't recognize taxation could be the reason why governments can not accept bitcoin. The main reason why they can't accept it is because they can't manage to control it perhaps. As we all know, bitcoin is a new digital currency which would takes many years to be considered globally. However, many governments are already recognizing the currency as a good thing for nations, and this can become more frequent if people put pressure on politicians from their countries, as such measures will hardly come from the politicians themselves.
I feel within time, a few Governments may secretly buy Bitcoin as reserves leading to a network effort which would moon Bitcoin.
There are different reasons why most governments do not take measures that make Bitcoin more recognized, such as the problems they would face in collecting taxes and the fact that they would have no control over the issue of the currency.
However, many governments are already recognizing the currency as a good thing for nations, and this can become more frequent if people put pressure on politicians from their countries, as such measures will hardly come from the politicians themselves.
However, many governments are already recognizing the currency as a good thing for nations, and this can become more frequent if people put pressure on politicians from their countries, as such measures will hardly come from the politicians themselves.
The government has its hands full in a lot of other issues, and bitcoin being as small as it is now, with its own issues as well, will never be considered by governments as their primary currency. Also, governments are still after stability, which can’t be said of bitcoin right now. Things could change in the future as we are headed towards a more modernized era where infrastructure and technology are being improved to make our lives better and our transactions faster and hassle-free.
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