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Topic: How to make governments accept bitcoin? - page 21. (Read 28984 times)

hero member
Activity: 798
Merit: 505
I think bitcoin has a potential to convince the goverment to accept and use bitcoins as a secondary currency in a country.But there is also chance that goverment will keep on rejecting bitcoins because they treat bitcoins as a treat on the currency they made(Local currency) and scared that they will not make money through it.But if government accepts bitcoins im pretty sure there are alot of restriction and rules
sr. member
Activity: 504
Merit: 250
hope government doesnt implies any rules on bitcoin...
hero member
Activity: 1190
Merit: 534
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 what is happening now in the present many of the biggest companies in the whole world now are adapting the concept of bitcoin, such Dell, Amazon, Hp, even the biggest company car like Mercebenz and Apple are finalizing about the concept features of bitcoin that it can do to their company.

It would be great if any of these companies allow users to use bitcoin to transact with them. Governments will not even bother about bitcoin or any other cryptocurrency if there is no large user base using it. If these giant companies are supporting bitcoin then we will surely have a noticeable number of growth rate.
full member
Activity: 421
Merit: 100
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 what is happening now in the present many of the biggest companies in the whole world now are adapting the concept of bitcoin, such Dell, Amazon, Hp, even the biggest company car like Mercebenz and Apple are finalizing about the concept features of bitcoin that it can do to their company.
full member
Activity: 224
Merit: 100
I think that is a good idea because no government accepted it today,  so the first one who will accept it will have lots of profits but I'm afraid that it will be not simple to managed it. The government I think will have to create banks...

I don't think our company have time to accept or reject bitcoin as far as our government concern,there are more important issues in our societyneeds to focus on.

It depends on the agenda of your government but I do know that there were certain agencies for this type of matter. And they are the one that is responsible for knowing and studying the pros and cons of accepting bitcoin. But it seems that there were countries that likes to keep their ideas shut and doesn't want to let bitcoin intrude their economy.
I think it's natural because of course the Government wants to protect the interests of the larger, it is national economy. If using bitcoin, then everything can not be controlled so as to make the uncertain commodity prices.
sr. member
Activity: 490
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?

I think if bitcoin users in one country is already overwhelming and almost have a thorough use bitcoin as a means of estab transactions, payment then inevitably the government has had to accept bitcoin as a currency because of the insistence of bitcoin users in the country
I think so
sr. member
Activity: 784
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?
It will be a long debate or discussion and that's too impossible to make it happen, the community also in bitcoin industry will not agree in the condition of the government to have tax and become centralize for them to accept bitcoin. Its a doom for us if the happen Sad
hero member
Activity: 1190
Merit: 500
basically the only way I think they would accept bitcoin is if they make a profit on it
but if governments adopt or accept bitcoin. it is in getting the government it is just a loss because the course will be drastically reduced tax revenues because many of them would have to hide their treasures in bitcoin
newbie
Activity: 12
Merit: 0
This will be a hard one, first government don't want to accept things that they won't make money for, second is that government is afraid of currencies that beyond their grasp, third is government is manage by the most powerful and most riches family that are reigning for a hundred of years maybe even thousands. We've got a long way to go before it will be accepted, but have a shot if all people accept it as a payment than the current money reserves.
sr. member
Activity: 546
Merit: 257
basically the only way I think they would accept bitcoin is if they make a profit on it

I think you are right, but why would I let the government interfere, bitcoin is the only currency I have that the government cant ahold. Government might interfere with bitcoin someday and I think they have good intentions about it. Though we can't really say that it is for good, or they're own good.
sr. member
Activity: 266
Merit: 250
Sound. Fury. Signifying.
Governments are about Power and Control, so if you want them to get behind cryptocurrencies, you have to give them at least the illusion of those two things. Inasmuch as Power and Control are anathema to such attributes as Decentralized and Censorship Proof, I don't think there is a good answer.

Actually, now that I think about it, there may be a better answer. Some things are too ubiquitous or obvious or basic to contemplate control, and so the government doesn't even worry about it (like sunlight, I guess). So if crypto becomes so widespread, widely adopted, and natural that no one gave it much of a thought anymore, perhaps governments wouldn't either?

Nah, who am I kidding. That will never happen.

hero member
Activity: 756
Merit: 520
Eh like most say all it really is the fact of anonymity and being able to tax people and other sorts of things if Bitcoin becomes more public in a sense of security than most people who actually use it will stop using it cause I'm pretty sure the whole reason they do use it is because of it being anonymous.

Anonymouse is something that gives an advantage to those who did not want to be known by most people if doing something that violates. And it is not the right thing, because someone using bitcoin because it could give an advantage to them in large numbers. So, if you don't believe then you can do some research and see for yourself the results you get. bitcoin anonymous is not a question but a matter of profit
 
mk4
legendary
Activity: 2870
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📟 t3rminal.xyz
basically the only way I think they would accept bitcoin is if they make a profit on it
legendary
Activity: 1120
Merit: 1000
I think that is a good idea because no government accepted it today,  so the first one who will accept it will have lots of profits but I'm afraid that it will be not simple to managed it. The government I think will have to create banks...

I don't think our company have time to accept or reject bitcoin as far as our government concern,there are more important issues in our societyneeds to focus on.

It depends on the agenda of your government but I do know that there were certain agencies for this type of matter. And they are the one that is responsible for knowing and studying the pros and cons of accepting bitcoin. But it seems that there were countries that likes to keep their ideas shut and doesn't want to let bitcoin intrude their economy.
i think there is one way through which we can compel government to accept bitcoin and that is to increase the users of bitcoin if the users of bitcoin will increase then the government will compel to accept bitcoin because people will put pressure on the to do so.
hero member
Activity: 1054
Merit: 501
Bitkoin is a kind of contracditory to traditional currency!

In other word's i can say virtual currency is created to librate people from the current system

Why, think about this, when you earn $1,000, you'll need to pay tax
When you save $1,000 in bank for a period of 5 - 10 year's it value will depreciated over a period of time.

Now, bitcoin work contrary to this, when can earn $1,000 tax free!

When you hedge $1,000 it will multiply and yield more after a period of  5-10 year's.

Do you see why majority of people in our sociaty work more but, get broke!

In conclution, bitcoin can liberate people from such bondage and it will be difficult for government to approve any currency that will work against the system.

Thanks
Bitcseo
hero member
Activity: 1022
Merit: 500
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?
I think it is not going to be happen that the government will accept bitcoin unless if bitcoin will become regulated, or centralize. But like what like what I said its very impossible.
full member
Activity: 126
Merit: 100
We dont have ticonvince the national governing authorities , what we have to do is to convince the financial regulator to allow Bitcoin to be treated either as a tradable commodity (like Gold, Silver, etc.) or to be treated as a Currency (like Euro, USD, etc.)

Because there is no control over Bitcoin, its issuance, its circulation, etc. The central bank regulators are essentially baffled. Spend all your life immersed in traditional fiat currencies and then something like Bitcoin comes along, what do you think the natural reaction would be? Bitcoin would be looked at with a lot of skepticism.

Education is the first key towards legalization of Bitcoin. The more the regulators, bankers, and the general public who have a vested interest in payments are educated, the more naturalized path there would be towards legalization.
hero member
Activity: 3024
Merit: 745
🌀 Cosmic Casino
February 27, 2017, 06:52:04 PM
I think that is a good idea because no government accepted it today,  so the first one who will accept it will have lots of profits but I'm afraid that it will be not simple to managed it. The government I think will have to create banks...

I don't think our company have time to accept or reject bitcoin as far as our government concern,there are more important issues in our societyneeds to focus on.

It depends on the agenda of your government but I do know that there were certain agencies for this type of matter. And they are the one that is responsible for knowing and studying the pros and cons of accepting bitcoin. But it seems that there were countries that likes to keep their ideas shut and doesn't want to let bitcoin intrude their economy.
full member
Activity: 421
Merit: 100
February 27, 2017, 06:48:26 PM
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?
I think they will only accept bitcoin if the implementation will be centralization. But the the bitcoin community would not agreed on that system. For sure there will be no difference at ordinary bank at all.
hero member
Activity: 896
Merit: 500
February 25, 2017, 05:43:58 AM
I think that is a good idea because no government accepted it today,  so the first one who will accept it will have lots of profits but I'm afraid that it will be not simple to managed it. The government I think will have to create banks...

I don't think our company have time to accept or reject bitcoin as far as our government concern,there are more important issues in our societyneeds to focus on.
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