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Topic: How to make governments accept bitcoin? - page 31. (Read 28989 times)

full member
Activity: 182
Merit: 100
February 03, 2017, 05:30:21 PM
#75
The problem is not just anonymity. The States to keep principal the issue under control.
Bitcoin is already a technology developed against classical banking and monetary systems. So it does not fit the standard habits of states.

But the blockchain technology that forms the substructure of the bitcoin system is accepted by the states and financial institutions. Even if they dont admit the bitcoin system directly, they have already accepted the technological infrastructure of bitcoin.
sr. member
Activity: 546
Merit: 256
February 03, 2017, 05:09:12 PM
#74
There are a lot of threat from bitcoin so government must really think before using this bitcoin as a currency in that country, first i think is getting some taxes out of it. Another is how to track the transactions of bitcoin, because as far as I know, some transactions really are anonymous and no one know that, and if government use bitcoin, I think officials will abuse the anonymous transactions to make some corruptions.
legendary
Activity: 1218
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February 03, 2017, 05:04:56 PM
#73
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?
Bitcoin is a threat and there is no way to change that, governments see bitcoin for what it is a currency for the people not owned by anyone, so the only way for bitcoin to become accepted as a currency by governments is to beat them in their own game, that bitcoin becomes so big it is simply not possible for anyone to stop it.
Even if Bitcoin becomes big there is no way to be able to ensure that governments would accept the change and modify their own economies to deal with such a dramatic shift.

There would maybe, at best, be a shift away from the USD being the world reserve and having it become much like what we see in every other country but the USA. However that's unlikely any way you look at it.
newbie
Activity: 33
Merit: 0
February 03, 2017, 04:57:55 PM
#72
the government has nothing to say in the financial world. They are owned by the banks so the question should be: How to make bankers accept Bitcoin?. sounds like a rhetorical question to me Smiley
hero member
Activity: 1036
Merit: 521
February 03, 2017, 04:55:00 PM
#71
If the situation continued as now then it will take longer that governments accept bitcoin because governments do not like anonymous currency and do ot do anything to device a tool for carry on with that type of currency and bitcoin is not going to deny that feature of itself as it will then destroy the concept of cryptocurrency. So in the future if governments created any tool through they were able to adopt cryptocurrency then they will accept it.
The better tool for the government will be to start their own wallet like web wallet or like an exchange so if they will want to collect the identity of their users then they like other web wallets and exchanges will collect the identity documents from their costumers and then they will not have any problem in the use and acceptance of bitcoin.
hero member
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February 03, 2017, 04:51:49 PM
#70
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?
Bitcoin is a threat and there is no way to change that, governments see bitcoin for what it is a currency for the people not owned by anyone, so the only way for bitcoin to become accepted as a currency by governments is to beat them in their own game, that bitcoin becomes so big it is simply not possible for anyone to stop it.
member
Activity: 97
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February 03, 2017, 04:29:17 PM
#69
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?

Bitcoin is not a threat in the government ,  actually bitcoin is good in the economy because it enters dollar in a country which is beneficial for the economy of a country Just like OFW does ! Anonimity is not a problem because if you want to convert your bitcoin to cash then there must be a 3rd party ! that 3rd party will be the one who will reveal you identity that makes you recognize ! Overall In every threat we think there is a solution to that It is just up on the government whether they will adapt bitcoin or not !


Governments are not fond of Bitcoin due to a couple of reasons. Two of these reasons are obviously the tax issue and the anonymous transactions that Bitcoin provides. But I think the main reason that governments would not want it is because of the amount of control over the economy that fiat money gives them. The use of fiat money means that the government is always involved in any transaction, and it gives the government the ability to expand the supply of money and credit whenever it wants. When people are using fiat money the government can stimulate the economy by creating more of it, and play around with prices. When you consider these things, do you think  the government would allow the majority of people to be using Bitcoin, instead of government issued money?

legendary
Activity: 2380
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February 03, 2017, 01:30:41 PM
#68
Easy for everybody to get that perception of governments beeing all-so overly centralized, and cryptos beeing decentralized.
Just is it still true?

Watching the european union, which is drifting apart. The trend depicts a future of singled out nationalistic parts, each doing their own thing. This is decentralisation in progress.
Currencies might follow, each country their own currency again, as has been for all these centuries before.
One "united" key currency would break open ways for exchange again inside such a future. Govs might recognize the possibilities.
hero member
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February 03, 2017, 09:28:08 AM
#67
Sorry but I can't imagine governments accepting bitcoin, Well some might recognize it as a money but most of them will just consider it as a threat . Bitcoin has certainly a lot advantages but the governments think that the risks are greater which is true .
 
1). Tracking a person is difficult or worse impossible
2). Can be used to illegal stuffs (money laundering etc.)
3). It is impossible to tax someone
4). Banks plays a great role in a ones economy but in bitcoin you can be your own bank
5). No one controls it - Nobody will be responsible if something happens
6). Price is not stable
Exactly, this thing would not allow the government to happen, but we do not know someday or in the future, bitcoin will be controlled by people, or the government will be given the authority to hold on with that.  People will never want that Government take control on bitcoins.
 
hero member
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February 03, 2017, 08:59:11 AM
#66
If the situation continued as now then it will take longer that governments accept  because governments do not like anonymous currency and do ot do anything to device a tool for carry on with that type of currency and  is not going to deny that feature of itself as it will then destroy the concept of cryptocurrency. So in the future if governments created any tool through they were able to adopt cryptocurrency then they will accept it.
i think its easy for the government to accept it if the organizers of it change their rules about taxation and make a way for the tax calculation of   using the government policies and cooperate with different government of different countries on their terms and conditions....
hero member
Activity: 616
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February 03, 2017, 08:58:50 AM
#65
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 main reason why they don't accept bitcoin is becuase they won't get any taxes and money that will be use in different projects that they are going to make to their country, and there would be no more fiat that will keep on cycling to make the whole country works and keep on living.

But I didn't say that having bitcoin is not a good idea for our everyday use, perhaps, it is really a big help to all of us who uses bitcoin because it can be easily earn to have our own source of income.
sr. member
Activity: 924
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February 03, 2017, 08:52:00 AM
#64
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?
With time the whole world is going to accept bitcoin as a mode of exchange for good and services. The major issues we are having with the legalization of bitcoin right now is because of it decentralization. Decentralization, make it difficult for the greedy leaders of the world to control bitcoin and other cryptocurrencies, and because of this they are finding it difficult to adopt it as money. But time is coming when their will not have options.
sr. member
Activity: 742
Merit: 250
February 03, 2017, 08:36:38 AM
#63
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 really is a difficult question. The Government will not easily accept Bitcoin as an official currency. They fear that if they accept Bitcoin will be very difficult to manage the market, economy affected, local currency values may be reduced and slip away.  Although this is a very difficult job, but I still hope someday, the government will recognize Bitcoin  Grin Grin
hero member
Activity: 826
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February 03, 2017, 01:24:55 AM
#62
If the situation continued as now then it will take longer that governments accept bitcoin because governments do not like anonymous currency and do ot do anything to device a tool for carry on with that type of currency and bitcoin is not going to deny that feature of itself as it will then destroy the concept of cryptocurrency. So in the future if governments created any tool through they were able to adopt cryptocurrency then they will accept it.
full member
Activity: 126
Merit: 100
February 03, 2017, 01:18:41 AM
#61
I think it's impossible that government accept bitcoin, because bitcoin is annonymous, they cant track your identity. Why should you make goverments bitcoin?The government will taxed you, and they can track your transaction history. No, dont make governments accept bitcoin.
global moderator
Activity: 2324
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February 03, 2017, 01:14:41 AM
#60
Oh well, this is not going to happen as long as bitcoin is decentralized... Government don't want things that are not under their control, it's either they destroy it or let time destroy it by not supporting it... 

They can like bitcoin if they want, too bad that they are busy with the things they manage than adding another one more to manage and adding new corrupt officials...  Smiley

Anyway, no one can tell what we can do to make government like bitcoin, probably when time came that half of its people are using bitcoin and they have no choice but to just make a law making bitcoin an alternative to their money...  Smiley
hero member
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February 03, 2017, 01:06:26 AM
#59
At my country , it's difficult to convince goverment since bitcoin can be use for money laundry that usually fit for terorism activity.
Meanwhile, our country are restrictly against terorism so it's impossible for my goverment to legalize bitcoin although bitcoin really can be use for international transaction
Money laundering is possible through bitcoin but in this case only limited people use bitcoin for money laundering. Fiat is much used for the laundering purpose. Every country is against terrorism, but government don't consider only the terrorism as a factor for not regulating bitcoin. Several economic growth analysis were discussed which seems to be the main reason for government opposing bitcoin.
hero member
Activity: 798
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February 02, 2017, 09:21:11 PM
#58
First of all, government did not fear bitcoin, they just ignore its existence. I think we are dreaming of something here that is so hard to happen. Do you want government to like bitcoin? well give it to them so they could regulate its use, that's all, they will accept bitcoin.

Why are you asking this question? isn't the current situation of bitcoin good enough for you?
sr. member
Activity: 490
Merit: 250
February 02, 2017, 09:18:23 PM
#57
This thing is hard to happen, government need to control the entire money of the country but in bitcoin they cannot so it is a bit impossible at the moment to happen
legendary
Activity: 1176
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February 02, 2017, 09:10:55 PM
#56
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?
Hard to expect about, it all depends on how big the bitcoin users grow if each year has increased and masyarakag many are using bitcoin mak government might accept bitcoin.
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