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Topic: How to make governments accept bitcoin? - page 2. (Read 28984 times)

hero member
Activity: 700
Merit: 500
Also impossible to make the bitcoin get accepted by government because the government cannot control bitcoin because it is control in demand and supply by the bitcoin user and bitcoin miners so the government will not accept a currency that they dont control they need to change almost all of the features of the bitcoin to make it accepted.
i think it can be possible, nothing is impossible in this world. and it can only be possible if the number of bitcoin users will increase  and they will put pressure on government and compel their government to accept bitcoin as legal currency. i this still there is time because the users of bitcoin are still very low. but hope in future the users of bitcoin will increase more and more because bitcoin s now introduced in all parts of the world.
sr. member
Activity: 378
Merit: 250
Now that Japan accepts bitcoin ,this move may attract more investors and businessman all over the world to implement it on their own country. Once government and business man finds a way to earn from it like putting taxes and how Japan work on it. Other government will definitely adopt once they put study on it.
hero member
Activity: 2884
Merit: 794
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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?
The government will only accept bitcoin if decentralization will change into centralization. Because, as long as bitcoin is decentralized it will never happen that the government of each country to control it and they haven't get any profit in it.
That is not going to happen that is why I think in the future as crypto currencies become even more successful governments will try to create their own cryptos and will lie to people and say their cryptos are even better since they are backed by them, it will be a lie but the gullible people will believe it.
full member
Activity: 157
Merit: 100
btc will never be accepted by governments as its a threat to their fiat printing Ponzi scheme
hero member
Activity: 686
Merit: 510
For me, to make governments accept bitcoin, it is necessary to represent the importance of bitcoin. Let us imagine, for example, you have a product for sale and you want to sell all the products that you have. You must be introduced it clearly to understand the government it. Maybe if that will happen, bitcoin would become popular to your country.
sr. member
Activity: 376
Merit: 250
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 my opinion the government must know the value and can do of bitcoin . But it can't be happen. It is very impossible that the bitcoin can have a high power than cash . The government fear about the environment that we will experience if the bitcoin is accepted by the government.

The only reason that the government will not accept bitcoin is because BTC is anonymous and don't have legal information about it's holder so it is impossible for them to charge tax for all holders of BTC.
newbie
Activity: 42
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?
For my opinion the government must know the value and can do of bitcoin . But it can't be happen. It is very impossible that the bitcoin can have a high power than cash . The government fear about the environment that we will experience if the bitcoin is accepted by the government.
legendary
Activity: 1008
Merit: 1060
Also impossible to make the bitcoin get accepted by government because the government cannot control bitcoin because it is control in demand and supply by the bitcoin user and bitcoin miners so the government will not accept a currency that they dont control they need to change almost all of the features of the bitcoin to make it accepted.

If it's impossible, how come Japan is accepting bitcoin as a legal payment method right now but nothing has changed with bitcoins? It's just a matter of knowing the fact that bitcoin actually gives growth to a country's economy. In third world countries, people are better off accepting works from client online instead of going to the office every single day for 9 hours. The price of bitcoin has increased this much and its the Japanese that pumped it up.

Plus, if they are not going to accept a currency that they cannot control, then they shouldn't be accepting any foreign currency, which is obviously not the case in most places. Some places are just vigilant of accepting them.
hero member
Activity: 966
Merit: 552
We could start a really big partition and let everyone sign it. Then give it to politicians and they might actually do it. Very small chance though.
Yes, bitcoin must be adopted by all of people around the countries, it will makes governments accept bitcoin.
Although i don't care about the governments accept bitcoin or not,
 bitcoin will be alive because of the comunity of bitcoin themselves, bitcoin is not depend on the governments like fiat currency.
Bitcoin is decentralized, it doesn't needs regulator.
legendary
Activity: 3010
Merit: 1028
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There are many things to convince our government from our country to accept bitcoin first thing is bitcoin can help grow our economics technology now adays is upgrading so why not to accept? Here in my country they already considered bitcoin as our currency from internet and few of them are starting to use bitcoin for trading and for their own businesses.

The government wants to benefit from the use of bitcoin and until it sees it, then there can be no question of its adoption.
The main question here, what's the benefits which government could gain if they're start to accept bitcoin? Bitcoin is basically volatile that if government just convert their money to bitcoin means they're risking the whole economy.
There's no real benefits for the government at all as I've seen and the benefits is purely there for an individual who uses bitcoin, nothing more.
sr. member
Activity: 322
Merit: 250
We could start a really big partition and let everyone sign it. Then give it to politicians and they might actually do it. Very small chance though.
full member
Activity: 235
Merit: 250
There are many things to convince our government from our country to accept bitcoin first thing is bitcoin can help grow our economics technology now adays is upgrading so why not to accept? Here in my country they already considered bitcoin as our currency from internet and few of them are starting to use bitcoin for trading and for their own businesses.

The government wants to benefit from the use of bitcoin and until it sees it, then there can be no question of its adoption.
hero member
Activity: 2590
Merit: 644
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?
The government must be aware about the bitcoins to accept it but not in daily transaction. That is very impossible to change the cash and use bitcoin for our daily lives. We can't easily adapt the changes if the bitcoin become our daily use.
It is so easy for the government to be aware about the bitcoin because the bitcoin is already all around in the internet and most of the government in the big countries already noticed or recognized bitcoin as a good currency but just what like you said, it will be impossible for us to use bitcoin on daily basis because bitcoin has only limited supply.
hero member
Activity: 910
Merit: 500
There are many things to convince our government from our country to accept bitcoin first thing is bitcoin can help grow our economics technology now adays is upgrading so why not to accept? Here in my country they already considered bitcoin as our currency from internet and few of them are starting to use bitcoin for trading and for their own businesses.
hero member
Activity: 826
Merit: 501
Also impossible to make the bitcoin get accepted by government because the government cannot control bitcoin because it is control in demand and supply by the bitcoin user and bitcoin miners so the government will not accept a currency that they dont control they need to change almost all of the features of the bitcoin to make it accepted.
newbie
Activity: 47
Merit: 0
The population controls the money so if we the people stop using gov issued currencies and just trade goat for sheep or milk for gas what could they do but watch the dollar lose value and shrivel away, same thing with bitcoin, if we use this instead of that , or Wal-Mart instead of kmart, what do you see, less kmarts and more walmarts, it's pretty cut and dry.
sr. member
Activity: 924
Merit: 275
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?
The government must be aware about the bitcoins to accept it but not in daily transaction. That is very impossible to change the cash and use bitcoin for our daily lives. We can't easily adapt the changes if the bitcoin become our daily use.
sr. member
Activity: 910
Merit: 251
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?
The government will only accept bitcoin if decentralization will change into centralization. Because, as long as bitcoin is decentralized it will never happen that the government of each country to control it and they haven't get any profit in it.
sr. member
Activity: 406
Merit: 250
Wolf
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?
it will be hard for goverment to accept bitcoin goverment use fiat because they can get taxes
they dont support bitcoin because there are no benefits bitcoin taxes go to miners
Thats true, maybe if the government can benefit like a tax for bitcoin users, maybe the government might consider the legalization of bitcoin

An government making legalized usage of bitcoin is not that simple, they need to consider lot many things to make it function in a perfect manner. There is nothing good if it's been adopted for name sake. For this reason governments take their own time and make necessary changes based on the goodness.
Governments don’t do changes based on the good for society, they only care about themselves, so if they think they can benefit with bitcoin then bitcoin is going to get approved but if they think bitcoin is bad for them then they are going to eventually ban it.

Yes, the government will only do what is beneficial for them and if it can benefit from bitcoin, it will accept it.

When finds a way to put tax on it then they will surely approved bitcoin. When they already see that investors were benefit alot from it  for sure bitcoin will be accepted by the government.
They are already taxable in government's law, anything what you earn is taxable by law no matter what kind of currency you are earning to it. The only problem is some earnings through Bitcoin is hard to be screened or double checked by the tax auditors because of its security features making the owner of the Bitcoin have unrealized earnings. People who evade taxes make unjust riches to themselves which can destroy a country's economy that is what the government is trying to avoid. If Bitcoin is just a regulated currency it would be easy for them to look at the earnings of people through Bitcoin.
Most of them are just taxing bitcoin exchanges, They can't tax every bitcoin transaction because it is pseudonymous . From this the governments fear that bitcoin can be used to do illegal activities like money laundering .

I think it's not just regulating that they want but also controlling, There is no one who control bitcoin, no one can be held responsible f nothing happens and most importantly governments fixes some financial issue by controlling their currency, Unfortunately it can't be done with bitcoin .

Let's just wait for a few more years and see what happens .
sr. member
Activity: 1246
Merit: 255
That government has not accepted bitcoin may not mean they fear it.
if government comes into control of it, it will definitely be permitted just that the time has not yet come.
to make government accept bitcoin we have to keep using it until it is noticeable on the tip of their noses.
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