How to make governments accept bitcoin? - page 24.

blackhawkeye1912

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Quote from: Bit2Easy on February 02, 2017, 05:40:06 AM

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 now in my country I don't think the government here will accept bitcoin directly, and the only thing I know that bitcoin would be accept is the corporate companies not the government. Because the decentralization of bitcoin is the good thing why the government in each nations cannot control it,.

choppork

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Quote from: avikz on February 11, 2017, 02:53:49 AM

You don't need to make the government accept bitcoin in any way. Because once government sees that bitcoin is making people of their country rich, they will start taking interest on it and that won't be good for the general bitcoin users of that country. Remember, bitcoin is not controlled by any central authority which makes it questionable in nature in the eyes of government.

So it is always better, that the government of your country don't bother bitcoin users soon. Bitcoin will survive as an international currency if they keep low profile. Shout about bitcoin will make things worse for all.

Even if bitcoin users try to be low-key, the government has already heard about bitcoins. Even if a certain nation don't even speak about bitcoins, the government is still aware of the bitcoin concept because they conduct meetings with other nations. The government doesn't only care about their country alone (except for communist country like North Korea) but they also have to keep contact with other nations.

I don't think it would be questioned at all because it's not that hard to understand the concept of a decentralized currency. Even if they were to question it, who are they going to ask about it exactly? No one's in charge of the bitcoin thing. Unless they are able to find Satoshi Nakamoto, of course.

btvGainer

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Quote from: Bit2Easy on February 02, 2017, 05:40:06 AM

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 don't understand why people want government involvement in bitcoin.Government acceptence and involvement will eventually kill bitcoin.
If government give recognition to bitcoin and allowed its acceptence for tax and other purposes, this will sky rocket bitcoin price and nobody will going to spend it.

paul gatt

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there are a few solutions to the government to accept Bitcoin, but I think the best way is when the government profit from Bitcoin. The government will accept Bitcoin if they manage in their hands, Bitcoin profitable and not at the source of crime. When criminals can not take advantage Bitcoin to launder money, the government will recognize it as clean money, and allow it to circulate, accompanied by tax. That's my thinking, hoping someone will like me

Rahar02

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Quote from: Xenophoto on February 11, 2017, 02:42:25 AM

The transaction wouldn't be linked to you directly. There are ways to avoid getting traced because of the blockchain history. You can simply deposit it in a bitcoin mixer or in a gambling site and since the withdraw and deposit are different, it would be hard to be linked to you. The money would go to different wallet addresses first before it goes to you.

I think your identity is safe even if you've uploaded them in your local exchange site. You also don't have to worry about it because no one cares about you in the bitcoin world. You're using bitcoins, and then? There's no big deal about that. Even the government would not care about you using bitcoins.

Yes, that's why I said it is not fully anonymous, If government can't trace it down, they wouldn't allowed bitcoin in the first place, FBI can trace a suspicious transaction in their country. Even if they can't, Nevermind.
That's why government had regulated bitcoin used and exchanges, to trace any illegal activity.
Yes, my id is safe, it's just precaution for big exchanges as Million of dollars going through them.
I don't worry about it, as I didn't do it. LoL, stupidity to judge someone.
Government only care about prevent money laundering, not an ordinary transaction of layman.
Anyway, I know about that and no need to tell me, we're talking about how to make government accept bitcoin here.

Lionidas

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The only way to have any governments to accept it in any law abiding country is to allow them to regulate it meaning to have them tax at a higher rate then their current sales tax and to have each and every transaction subsidized by them.
That is the only way to have bitcoin sway in their favor.
And that is not likely to happen so governments will never accept it's use until they are the ones to rule over it with all the power on their side and not the decentralized community that use it.

royalfestus

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Quote from: avikz on February 11, 2017, 02:53:49 AM

You don't need to make the government accept bitcoin in any way. Because once government sees that bitcoin is making people of their country rich, they will start taking interest on it and that won't be good for the general bitcoin users of that country. Remember, bitcoin is not controlled by any central authority which makes it questionable in nature in the eyes of government.

So it is always better, that the government of your country don't bother bitcoin users soon. Bitcoin will survive as an international currency if they keep low profile. Shout about bitcoin will make things worse for all.

I dont know why people want government to come into bitcoin, Those corrupt governments. Bitcoin became this famous to fight the government when government restricted the use of fiat. It was used as a medium of exchange to expose the government misdemeanor. Now we are requesting again for government supreme power. The power china has because of the decentralization, we all see how they are using. Most concern is the readily use in your country, however, It is been used. Bitcoin is for the people not any Government.

olubams

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Governments accepting bitcoin wont likely come from individuals but government themselves but it wont be easy with the various clamp down we have been witnessing from the world power countries that could even take the lead on the acceptance of bitcoin but I am of the opinion that if multi-corporations can take the lead on this, then they have the capacity to influence government decisions of the powerful countries after then we can now see other countries following suit...

CraigWrightBTC

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Quote from: Rudi Setya on February 11, 2017, 01:45:35 AM

you have to make geverments believe about bitcoin becausemany goverments not believe and not knows .. so education for goverments it's important

As a comunity of bitcoin gives education for government about bitcoin is not easy,
we don't know how much bitcoin's users on every countries.
More good gives education for comunity to increasing bitcoin's users on every place
the government will follow what's their people want.

fullypak

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Quote from: MMA on February 11, 2017, 03:15:20 AM

Quote from: avikz on February 11, 2017, 02:53:49 AM

You don't need to make the government accept bitcoin in any way. Because once government sees that bitcoin is making people of their country rich, they will start taking interest on it and that won't be good for the general bitcoin users of that country. Remember, bitcoin is not controlled by any central authority which makes it questionable in nature in the eyes of government.

So it is always better, that the government of your country don't bother bitcoin users soon. Bitcoin will survive as an international currency if they keep low profile. Shout about bitcoin will make things worse for all.

i think we really need it and we can pressurize government to accept bitcoin by increasing the number of bitcoin users. if the number of bitcoin users will increase then certainly the government will come in pressure and they must be start thinking about bitcoin and hope that they cannot go against the people decisions. they must have to accept what their want.

If governament accept the bitcoin what is the use for people? we will get options to pay our bills through bitcoin that's it. but for this, we have to pay tax for governament. So what difference you found in Fiat and bitcoin payment for both we must pay tax. So if the govt does not accept bitcoin then at least we can pay bills without any tax we can save some money.

mrkevio

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You just can't. It's like asking them if they could stop supervising you - you're just a person exactly like them, why should one be supervised and monitored by others? We should be free to choose whatever we want and only use the few rules this world had since it was created, out of which the most important are: never hurt others in any way, and never steal. It can be like this, but trust me, not many guys want this to happen!

sir.humus

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The city of Zug, Switzerland, has announced it will pilot a bitcoin payments project that will allow local citizens to pay for public services using digital currency.
The move is perhaps slightly less surprising given the proximity of several digital currency startups in the region. Companies like Xapo, ShapeShift and Monetas are among several located in and around Zug.

MMA

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Quote from: avikz on February 11, 2017, 02:53:49 AM

You don't need to make the government accept bitcoin in any way. Because once government sees that bitcoin is making people of their country rich, they will start taking interest on it and that won't be good for the general bitcoin users of that country. Remember, bitcoin is not controlled by any central authority which makes it questionable in nature in the eyes of government.

So it is always better, that the government of your country don't bother bitcoin users soon. Bitcoin will survive as an international currency if they keep low profile. Shout about bitcoin will make things worse for all.

i think we really need it and we can pressurize government to accept bitcoin by increasing the number of bitcoin users. if the number of bitcoin users will increase then certainly the government will come in pressure and they must be start thinking about bitcoin and hope that they cannot go against the people decisions. they must have to accept what their want.

yolanda222

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How to make governments accept bitcoin?
government in my country prohibits the use bitcoin,because it is not for the payment of legitimate.
so the government allowed bitcoin impossible to trade and buy,but in my country bitcoin users more than 10K people

avikz

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You don't need to make the government accept bitcoin in any way. Because once government sees that bitcoin is making people of their country rich, they will start taking interest on it and that won't be good for the general bitcoin users of that country. Remember, bitcoin is not controlled by any central authority which makes it questionable in nature in the eyes of government.

So it is always better, that the government of your country don't bother bitcoin users soon. Bitcoin will survive as an international currency if they keep low profile. Shout about bitcoin will make things worse for all.

Xenophoto

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Quote from: Rahar02 on February 11, 2017, 12:24:48 AM

Quote from: mobnepal on February 02, 2017, 05:44:54 AM

Quote from: Bit2Easy on February 02, 2017, 05:40:06 AM

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.

Bitcoin as digital currency created to has all of those advantages, the nature of its creation.
However, bitcoin isn't fully anonymous, every transaction has been recorded in blockchain.
Moreover, in every transaction on big exchanges in the country which has regulations about money laundering and illegal funding, require Id confirmation. Well, in my country has the same regulations about exchanges.
So, how to make government accept bitcoin? Actually, they have accepted bitcoin as the regulations existence about it.
The best thing is government didn't banned bitcoin and stated it as commodity/asset/digital currency whatever they want.
If accept bitcoin mean become a legal payment such as fiat money in daily transaction, we should be able to do it as long as there is no any regulation that prohibits bitcoin used and consider as illegal payment. Cheers Grin

The transaction wouldn't be linked to you directly. There are ways to avoid getting traced because of the blockchain history. You can simply deposit it in a bitcoin mixer or in a gambling site and since the withdraw and deposit are different, it would be hard to be linked to you. The money would go to different wallet addresses first before it goes to you.

I think your identity is safe even if you've uploaded them in your local exchange site. You also don't have to worry about it because no one cares about you in the bitcoin world. You're using bitcoins, and then? There's no big deal about that. Even the government would not care about you using bitcoins.

Rudi Setya

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you have to make geverments believe about bitcoin becausemany goverments not believe and not knows .. so education for goverments it's important

Rahar02

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Quote from: mobnepal on February 02, 2017, 05:44:54 AM

Quote from: Bit2Easy on February 02, 2017, 05:40:06 AM

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.

Bitcoin as digital currency created to has all of those advantages, the nature of its creation.
However, bitcoin isn't fully anonymous, every transaction has been recorded in blockchain.
Moreover, in every transaction on big exchanges in the country which has regulations about money laundering and illegal funding, require Id confirmation. Well, in my country has the same regulations about exchanges.
So, how to make government accept bitcoin? Actually, they have accepted bitcoin as the regulations existence about it.
The best thing is government didn't banned bitcoin and stated it as commodity/asset/digital currency whatever they want.
If accept bitcoin mean become a legal payment such as fiat money in daily transaction, we should be able to do it as long as there is no any regulation that prohibits bitcoin used and consider as illegal payment. Cheers Grin

BlackPanda

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Quote from: Przemax on February 10, 2017, 03:13:19 PM

First you should have to find some way to get rid of a government debt. All government in the world are just drown in debt. And the only thing that gives power to fiat money is debt and taxes. So no, sorry its imposible for government to go against their lenders as being a bad to their lenders would result in increasing the interest rates on the debt.

it is one that could be used to support the use of bitcoin in a country. but it certainly will be difficult and require considerable time to the process. need everyone and also stake holders to undergo all this.

sunsilk

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Quote from: Floret20 on February 10, 2017, 01:31:11 PM

It is really hard to make governments accept bitcoin. Because as it is considered as a great threat to the economy of a country. But we all know that nothing is impossible in the world. So, we can show the positive attitude as well as assertive side of bitcoin slowly. Then the task can be solved easily.

For me it is not that hard to make them accept bitcoin. Because if they will see the benefits it can give to their countrymen.

They are the ones that will allow and legalize the usage of bitcoin to their own countries. And I guess there are some countries that are already into it.

Because they can also implement taxation on it.

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