The only thing we can make so that the government will accepts Bitcoin is we need to unite for it. We need to promote Bitcoin more so that when majority of people all over the world use it, the government will have no choice but to accept it. We nee to share awareness about Bitcoin. Teach our friends, relatives those who are in our community.
you are right that we need to do all the possible efforts for the promotion of bitcoin if the investors invest their money in bitcoin so large number people in the country will start using it and if the large stores adopt this currency so i think that bitcoin would be accept by government. we need to compel the government to accept it. 
Topic: How to make governments accept bitcoin? - page 19. (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?
Well, being anonymous by using BTC is one of the biggest reasons why government can't accept it. Without the ability to identify the owner of this certain bitcoin, the government can't file tax for the transactions made by that certain individual. As of this moment, I'm sure that the government is still thinking of ways on how to control BTC and make the best out of it.
Have you noticed that the capitalization of bitcoin is higher that capitalization of some countries currencies?
That is why government cannot ignore cryptocurrencies subject, which is floating in every country last times.
If bitcoin will get more and more popular than it is right now, governments will have to accept bitcoin, because it will be a threat to a financial system, such as banks or classic payment methods ( digital of course ).
Im sure that bitcoin and other cryptocurrencies will make a revolution, and in my opinion, there is no doubt that every governement will accept bitcoin- after some time, they will have to do this.
According to my views the government has only one issue with bitcoin and that is it is anonymous currency and they cannot find that who send the money and who receive the money so they have a fear that someone will conduct money laundering with this currency. I hope they will find any slution for that and will adopt bitcoin.
The only thing we can make so that the government will accepts Bitcoin is we need to unite for it. We need to promote Bitcoin more so that when majority of people all over the world use it, the government will have no choice but to accept it. We nee to share awareness about Bitcoin. Teach our friends, relatives those who are in our community.
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, being anonymous by using BTC is one of the biggest reasons why government can't accept it. Without the ability to identify the owner of this certain bitcoin, the government can't file tax for the transactions made by that certain individual. As of this moment, I'm sure that the government is still thinking of ways on how to control BTC and make the best out of it.
Hmm, I think the bitcoin can get approval (legal) from the Government when the user can indeed pay taxes and can be dikordinasi by the Government. Anonymous is not a problem for the Government, because anonymous is an option so that the Government would not be questioning it. Bitcoin is a better place, and it also does not require the legality of all countries. Because the bitcoin will definitely growing in the future, because the system used bitcoin is helpful and benefit all people
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, being anonymous by using BTC is one of the biggest reasons why government can't accept it. Without the ability to identify the owner of this certain bitcoin, the government can't file tax for the transactions made by that certain individual. As of this moment, I'm sure that the government is still thinking of ways on how to control BTC and make the best out of it.
Depends on the government actually. Bitcoin is a good tool for transferring your money wherever you want. If we are talking about a corrupt government then they need bitcoin for themselves and they will do everything they can for its faster acceptance.
What is there, other than anonymity, thats making governments fear bitcoin and cryptocurrencies?
Anonymity is the biggest hurdle for bitcoin to get accepted by governments/banks because they can't implement taxation as well as they can't track source of bitcoin. However anonymity is also the main feature due to which many users love to store in bitcoin and use it whenever they like. Governments/banks may never accept direct bitcoin payments, but they may implement strict rules/regulation and high fees on local bitcoin trading platform. And as recent coinbase and PBOC investigation have shown that governments are now looking to get detail about every bitcoin traders who are actively trading bitcoin so that they can put tax on their earnings as well as limit money laundering.
Instead of banning bitcoins,governments should take measures to regulate bitcoins like China and Russia
What is there, other than anonymity, thats making governments fear bitcoin and cryptocurrencies?
Anonymity is the biggest hurdle for bitcoin to get accepted by governments/banks because they can't implement taxation as well as they can't track source of bitcoin. However anonymity is also the main feature due to which many users love to store in bitcoin and use it whenever they like. Governments/banks may never accept direct bitcoin payments, but they may implement strict rules/regulation and high fees on local bitcoin trading platform. And as recent coinbase and PBOC investigation have shown that governments are now looking to get detail about every bitcoin traders who are actively trading bitcoin so that they can put tax on their earnings as well as limit money laundering.
Instead of banning bitcoins,governments should take measures to regulate bitcoins like China and Russia
Governments would not want to accept Bitcoin mainly because of the issue of anonymity. If the majority of people were using Bitcoins, most transactions would be taking place without the government knowing, and they could not tax anyone's income. The government getting involved in Bitcoin in any way would be to collect information about users and transactions.
Anonymity is one of best features which bitcoin have that favorites by most of the user. But it will something that government can not Compromise, government can not manage bitcoin so that it will not collapse national intern economic intern in the future. That why hard for government to accept bitcoin.
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, being anonymous by using BTC is one of the biggest reasons why government can't accept it. Without the ability to identify the owner of this certain bitcoin, the government can't file tax for the transactions made by that certain individual. As of this moment, I'm sure that the government is still thinking of ways on how to control BTC and make the best out of it.
Agreed. Bitcoin was known for its anonymity in the first place and removing its major characteristic would ruin bitcoin's identity. Well I think bitcoin will never be bitcoin if it becomes no longer anonymous. Anonymity is its identity and trademark so the government just have to deal with 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?
Well, being anonymous by using BTC is one of the biggest reasons why government can't accept it. Without the ability to identify the owner of this certain bitcoin, the government can't file tax for the transactions made by that certain individual. As of this moment, I'm sure that the government is still thinking of ways on how to control BTC and make the best out of it.
They can easily do so if they really wish for.
They could impose all banks and large chain retailers to use only "verified" addresses.
Basically linking every person to an address or more.
And then you will file taxes from the addresses you own.
And once you're not allowed to use coins from "dark" "unverified" addresses ... the is no purpose to try and hide them.
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, being anonymous by using BTC is one of the biggest reasons why government can't accept it. Without the ability to identify the owner of this certain bitcoin, the government can't file tax for the transactions made by that certain individual. As of this moment, I'm sure that the government is still thinking of ways on how to control BTC and make the best out of it.
There is a use case for bitcoin but i am sure many would step over unto more privacy oriented coins.
I believe for governement to accept or use bitcoin, bitcoin needs less manipulation.
testing how btc can be useful for their transaction especially with trading goods from other countries its just needed to be
more secure.
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, being anonymous by using BTC is one of the biggest reasons why government can't accept it. Without the ability to identify the owner of this certain bitcoin, the government can't file tax for the transactions made by that certain individual. As of this moment, I'm sure that the government is still thinking of ways on how to control BTC and make the best out of it.
There is a use case for bitcoin but i am sure many would step over unto more privacy oriented coins.
I believe for governement to accept or use bitcoin, bitcoin needs less manipulation.
That is correct, and I think we are used to bitcoin as an uncontrollable system and the government doesn't have a way in manipulating it but if they had a billion bitcoin in their hand then dump it maybe the value would drop, but if that person would think twice that bitcoin can gain him so much what do you think he would do with it, it is just an example if bitcoin would continue to perk to the moon maybe the government would know what is what they are missing and think it over!
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, being anonymous by using BTC is one of the biggest reasons why government can't accept it. Without the ability to identify the owner of this certain bitcoin, the government can't file tax for the transactions made by that certain individual. As of this moment, I'm sure that the government is still thinking of ways on how to control BTC and make the best out of it.
There is a use case for bitcoin but i am sure many would step over unto more privacy oriented coins.
I believe for governement to accept or use bitcoin, bitcoin needs less manipulation.
Governments would not want to accept Bitcoin mainly because of the issue of anonymity. If the majority of people were using Bitcoins, most transactions would be taking place without the government knowing, and they could not tax anyone's income. The government getting involved in Bitcoin in any way would be to collect information about users and transactions.
Actually, if the government was not collecting any taxes and spending any money (and the people were spending the money that they earn), that would result in the economy becoming much stronger. The government can create employment but it can't create wealth. The free market is where wealth is created.
... That means government wont get any revenue through income tax. If government doesnt get revenue, the whole economy of the country will shake.Rich will become more richer and poor will become poorer because governments wont be having funds for giving subsidies.
Actually, if the government was not collecting any taxes and spending any money (and the people were spending the money that they earn), that would result in the economy becoming much stronger. The government can create employment but it can't create wealth. The free market is where wealth is created.
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, being anonymous by using BTC is one of the biggest reasons why government can't accept it. Without the ability to identify the owner of this certain bitcoin, the government can't file tax for the transactions made by that certain individual. As of this moment, I'm sure that the government is still thinking of ways on how to control BTC and make the best out of it.
It'slike telling the government to go kill itself. 
First would be UN I think. They would be talking about how it can be implemented considering it is anonymous if you a low bitcoin holder. But you could still transact. Arms dealing underground transactions could still be done. They wont like it specially USA, who have been providing arms for every country to make a war.
First would be UN I think. They would be talking about how it can be implemented considering it is anonymous if you a low bitcoin holder. But you could still transact. Arms dealing underground transactions could still be done. They wont like it specially USA, who have been providing arms for every country to make a war.
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, being anonymous by using BTC is one of the biggest reasons why government can't accept it. Without the ability to identify the owner of this certain bitcoin, the government can't file tax for the transactions made by that certain individual. As of this moment, I'm sure that the government is still thinking of ways on how to control BTC and make the best out 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?
if someone who will pass a law that saying to legalize or be bitcoin to be known it will be accept, and if the goverment already has a bitcoin I think they will push a law regarding this and bitcoin will be known nationwide.
Even I wish to have a bitcoin as a legal money in my country. Then many of business transactions will be move under bitcoin only through out the world. Therefore, bankers will not let this happen. If bitcoin achieved without the help of banks. After that world will see the biggest revolution of money in banking side.
The government would have to first learn about Bitcoin and what benefit from accepting Bitcoin, and I think there's nothing we can do unless we are people who have access to the government. I think it will be difficult because each country has its own currency.
Jump to: