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?
Governments mainly fear bitcoin for its anonymity.They think that illegal activities will be carried out more using bitcoins.But they all know that bitcoin couldnot be banned since internet could not be banned.So, one day or the other,they would start accepting bitcoins by regulating it just like China and Russia.
Topic: How to make governments accept bitcoin? - page 16. (Read 28984 times)
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?
Governments mainly fear bitcoin for its anonymity.They think that illegal activities will be carried out more using bitcoins.But they all know that bitcoin couldnot be banned since internet could not be banned.So, one day or the other,they would start accepting bitcoins by regulating it just like China and Russia.
I think the Government will be hard to accept bitcoin as payment of money which is legal because the State still uses the official currency, if using bitcoin then risky currency abandoned by the citizens.
Nothing. With or without any government approval or acceptance, bitcoin will continue to exist and function. To some, this is actually an advantage, uncontrolled and decentralized. I worry if a central government actually accepts it, then it will try to control it, which is actually opposite to bitcoin's nature.
Yes bitcoin will continue to exist and function without the government approval and it will grow all over the world and because of that the governments will be imposed to approve bitcoin for the use of it in their state for their state affairs and for other uses in the state. That statement is based on nothing. There's no assurance that bitcoin will continue to grow all around the world. We don't know what tomorrow brings. The government didn't release any announcement that they will approve bitcoin once it becomes mainstream so you're just speaking in behalf of yourself.
Since the government will not be able to collect tax when everyone is using bitcoins, it will be a bad thing on their side. Most countries become more and more developed because of the good amount of tax their government collect.
I still doubt that even bitcoin becoming the currency of everyone will ever happen. We can't do micro transactions in bitcoin and we need instant confirmations for transactions. Not 10-20 minutes waiting time.
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?
Governments mainly fear bitcoin for its anonymity.They think that illegal activities will be carried out more using bitcoins.But they all know that bitcoin couldnot be banned since internet could not be banned.So, one day or the other,they would start accepting bitcoins by regulating it just like China and Russia.Nothing. With or without any government approval or acceptance, bitcoin will continue to exist and function. To some, this is actually an advantage, uncontrolled and decentralized. I worry if a central government actually accepts it, then it will try to control it, which is actually opposite to bitcoin's nature.
Yes bitcoin will continue to exist and function without the government approval and it will grow all over the world and because of that the governments will be imposed to approve bitcoin for the use of it in their state for their state affairs and for other uses in the state. I think that as governments begin to understand Bitcoin, they will be less afraid of it. Governments can still run their own currencies and Bitcoin can exist just like any business or commodity. It doesn't have to be a threat to them.
Nothing. With or without any government approval or acceptance, bitcoin will continue to exist and function. To some, this is actually an advantage, uncontrolled and decentralized. I worry if a central government actually accepts it, then it will try to control it, which is actually opposite to bitcoin's nature.
Yes bitcoin will continue to exist and function without the government approval and it will grow all over the world and because of that the governments will be imposed to approve bitcoin for the use of it in their state for their state affairs and for other uses in the state. All you have to do is treat is others in need of government bitcoin. But offer now is not yet finalize, governments is not yet decidedif they will accept bitcoin because of its anonymity.
Even with the anonymity, governments can't deny the fact that bitcoin are helping the country's economy flourish. With the bitcoin users using or earning bitcoin, even converting it to fiat will help the economy because they increase the money at the country's circulation. Adding also that many bitcoin user are there in their country will not make the government deny bitcoin.They will be accepting it.
Its not that easy to make government accept bitcoin. I agree bicoin has got so many advantages. But dont forget, there are disadvantages also.
Its main advantage is its main disadvantage. Its main advanage is its transactions are anonymous. But just imagine if it reaches in the hands of wrong people, it will become a threat to humanity itself. I think this is the reason why governments wont accept bitcoins as legal currency.And how we will explain this to government, if government put a question back to us about the same.
Its main advantage is its main disadvantage. Its main advanage is its transactions are anonymous. But just imagine if it reaches in the hands of wrong people, it will become a threat to humanity itself. I think this is the reason why governments wont accept bitcoins as legal currency.And how we will explain this to government, if government put a question back to us about the same.
I dont think that there is a need for government to accept or support bitcoin. Bitcoin is a currency of individual. And the features of bitcoin of anonymity and decentralisation is a hurdle in government accepting it. But these make bitcoin what it is. I dont see a need of government accepting the bitcoin.
to me i think currently the government is not feeling the need to accept bitcoin but in future when the users of bitcoin will increase more and more then government will certainly feel the need to accept bitcoin as legal currency, and hope then they will even support bitcoin. 
governments create their currency by fiat. they effectively define the value of the currency by what they pay for things and what they will accept.they have the power to force its citizens to take their currency for its own debts and the debts of other citizens. the government maintains the power to manipulate the currency, which can help it through economic crises, though it comes with a price and must be used judiciously. governments certainly do not accept this for all these reasons.because it is against the structures.
Well as of now based on my understanding bitcoin is not consider an illegal gaming site or trading sites etc so thre is no guarantee that i can give an exact answer when it regards to the topic but as far as i know until nobody is/are complaining about bitcoin it can be consider being accepted by the government.
Even I checked, some of the trollers only speak about bitcoin being used in illegal activities but there is no proof that its been used for these activities. I do not think bitcoin will be centralized money as the feature and potential have as of now. US trying to take control over bitcoin that's we are seeing many adoption on blockchain technology especially North american region.
Just because you don't see it happening, doesn't mean it's not happening. If I told you that there are tons of people getting beheaded every single day for no reason, would you believe me? I guess you'd ask where is my proof. But think about it. The world is so huge, almost everything that you can imagine is happening (except of course those that defies science). You might be living in a quite peaceful place but there are places that are totally not peaceful.
That's analogous to what you're trying to ask. "There is no proof." You don't know that illegal activities are happening with bitcoins as payment because you are at the wrong place. You are here in bitcointalk and illegal activities are prohibited here so you wouldn't see anything like that here. But simply go to reddit. There's a subreddit where you can buy drugs, which is totally illegal, using bitcoins.
By and large, Bitcoin threatens a number of issues the governments hold dear, like the luxury of controlling people's money and the liberty of printing money from thin air. So tagging Bitcoin a bad name shouldn't come as a surprise to anyone.
Well as of now based on my understanding bitcoin is not consider an illegal gaming site or trading sites etc so thre is no guarantee that i can give an exact answer when it regards to the topic but as far as i know until nobody is/are complaining about bitcoin it can be consider being accepted by the government.
Yes, I don’t think the government see Bitcoin as a threat. It is more of just a very impractical way of making payments for a nations economic system. Just because Bitcoin is a good way to store wealth and even make money trading, etc, doesn’t mean it is good on a country level. In my own opinion it is actually not good at all because of all the different quirks that make bitcoin what it is. I think the currency is best at the level it is at.
All you have to do is treat is others in need of government bitcoin. But offer now is not yet finalize, governments is not yet decidedif they will accept bitcoin because of its anonymity.
The Government usually just has people saying what the wrong and right things that they can do if there is a bunch of people doing whatever the subject of the matter is.
If there is a time where Bitcoin gets well known because of the large amounts of people trying to use the coin then I think that the Government will try to get in on Bitcoin and try to get some for themselves and have the other Governments get in on it too.
If there is a time where Bitcoin gets well known because of the large amounts of people trying to use the coin then I think that the Government will try to get in on Bitcoin and try to get some for themselves and have the other Governments get in on it too.
Nothing. With or without any government approval or acceptance, bitcoin will continue to exist and function. To some, this is actually an advantage, uncontrolled and decentralized. I worry if a central government actually accepts it, then it will try to control it, which is actually opposite to bitcoin's nature.
I dont think that there is a need for government to accept or support bitcoin. Bitcoin is a currency of individual. And the features of bitcoin of anonymity and decentralisation is a hurdle in government accepting it. But these make bitcoin what it is. I dont see a need of government accepting the bitcoin.
to me i think currently the government is not feeling the need to accept bitcoin but in future when the users of bitcoin will increase more and more then government will certainly feel the need to accept bitcoin as legal currency, and hope then they will even support bitcoin. Well as of now based on my understanding bitcoin is not consider an illegal gaming site or trading sites etc so thre is no guarantee that i can give an exact answer when it regards to the topic but as far as i know until nobody is/are complaining about bitcoin it can be consider being accepted by the government.
Even I checked, some of the trollers only speak about bitcoin being used in illegal activities but there is no proof that its been used for these activities. I do not think bitcoin will be centralized money as the feature and potential have as of now. US trying to take control over bitcoin that's we are seeing many adoption on blockchain technology especially North american region.
Just because you don't see it happening, doesn't mean it's not happening. If I told you that there are tons of people getting beheaded every single day for no reason, would you believe me? I guess you'd ask where is my proof. But think about it. The world is so huge, almost everything that you can imagine is happening (except of course those that defies science). You might be living in a quite peaceful place but there are places that are totally not peaceful.
That's analogous to what you're trying to ask. "There is no proof." You don't know that illegal activities are happening with bitcoins as payment because you are at the wrong place. You are here in bitcointalk and illegal activities are prohibited here so you wouldn't see anything like that here. But simply go to reddit. There's a subreddit where you can buy drugs, which is totally illegal, using bitcoins.
with or without support from the government to the fact that bitcoin can develop in a time not too long
but if the government has a role in bitcoin will be many changes in the rules on freedom of bitcoin
although it will not affect the profits of bitcoin.
but if the government has a role in bitcoin will be many changes in the rules on freedom of bitcoin
although it will not affect the profits of bitcoin.
I guess I'm lost. Why would you want governments to support Bitcoin? I thought Bitcoin was the big anti-government anti-fiat rockstar that was going to help libertarians take over the world. What changed? Did I miss a meeting?
Well, basically the bitcoin is currencies which have a tendency in those who are anti Government and also money. for they are anti Government is absolutely disagree in some respects, like the trade that has the level of losses as large as drugs or other things. This is indeed very harmful, but thanks to it can grow as large as the bitcoin nowadays. So if bitcoin is not supported by the Government, bitcoin still has many advantages
Jump to: