Topic: How to make governments accept bitcoin? - page 4. (Read 28968 times)
Making government accepts bitcoin is really difficult task to achieve because now the government is very scared with bitcoin, they think bitcoin many use for money laundering.
From my point of view, none of the gonvernments can resist against the rise of Bitcoin, even the strongest superpower governments such as USA. We don't need to do specific thing. The markets should respond in a way that Bitcoin will become an inevitable asset in the near future.
The government is not in a hurry to take bitcoin, because it has an unstable price and everyone is afraid that at any moment the bubble may burst. It is more effectively considered as an additional opportunity for earning.
It is not just about the unstable price or the volatility of bitcoin but rather it is about the control. Bitcoin is decentralized and is also something new and using it possibly has some huge consequences. The governments would rather conduct some study first before they would accept such kind of currency. If the government find some merits on it they will make some move to place it on their system and so a good example is Japan.
Price is not stable and fluctuation is not the reason. The government can easily overcome that easily. At first, bitcoin appeared secret, it was a really free currency, we could call it "outlaws." However, due to its long-term and stable operation, it has gained more attention, but it is still a hard-to-manage currency, and governments are not really ready to do so. Moreover, the forces that oppose the government are the real ones behind and promote the development of bitcoin. That is the difficulty with them.
The government wants to control everything, even drugs and bitcoin is no exception. It's just time that they mastered the principle of electronic currencies and improve the system for more transactions.
But after all, Japan legalized bitcoin. The legalization took place a month ago and there were no negative consequences for the Japanese economy.
This gives a chance to hope that other developed countries will follow suit.
Once it gain good acknowledgement in Japan ,other countries might consider it too ,it can help a lot for developing countries.
The government is not in a hurry to take bitcoin, because it has an unstable price and everyone is afraid that at any moment the bubble may burst. It is more effectively considered as an additional opportunity for earning.
It is not just about the unstable price or the volatility of bitcoin but rather it is about the control. Bitcoin is decentralized and is also something new and using it possibly has some huge consequences. The governments would rather conduct some study first before they would accept such kind of currency. If the government find some merits on it they will make some move to place it on their system and so a good example is Japan.
Price is not stable and fluctuation is not the reason. The government can easily overcome that easily. At first, bitcoin appeared secret, it was a really free currency, we could call it "outlaws." However, due to its long-term and stable operation, it has gained more attention, but it is still a hard-to-manage currency, and governments are not really ready to do so. Moreover, the forces that oppose the government are the real ones behind and promote the development of bitcoin. That is the difficulty with them.
The government wants to control everything, even drugs and bitcoin is no exception. It's just time that they mastered the principle of electronic currencies and improve the system for more transactions.
But after all, Japan legalized bitcoin. The legalization took place a month ago and there were no negative consequences for the Japanese economy.
This gives a chance to hope that other developed countries will follow suit.
The government is not in a hurry to take bitcoin, because it has an unstable price and everyone is afraid that at any moment the bubble may burst. It is more effectively considered as an additional opportunity for earning.
It is not just about the unstable price or the volatility of bitcoin but rather it is about the control. Bitcoin is decentralized and is also something new and using it possibly has some huge consequences. The governments would rather conduct some study first before they would accept such kind of currency. If the government find some merits on it they will make some move to place it on their system and so a good example is Japan.
Price is not stable and fluctuation is not the reason. The government can easily overcome that easily. At first, bitcoin appeared secret, it was a really free currency, we could call it "outlaws." However, due to its long-term and stable operation, it has gained more attention, but it is still a hard-to-manage currency, and governments are not really ready to do so. Moreover, the forces that oppose the government are the real ones behind and promote the development of bitcoin. That is the difficulty with them.
The government wants to control everything, even drugs and bitcoin is no exception. It's just time that they mastered the principle of electronic currencies and improve the system for more transactions.
The government is not in a hurry to take bitcoin, because it has an unstable price and everyone is afraid that at any moment the bubble may burst. It is more effectively considered as an additional opportunity for earning.
It is not just about the unstable price or the volatility of bitcoin but rather it is about the control. Bitcoin is decentralized and is also something new and using it possibly has some huge consequences. The governments would rather conduct some study first before they would accept such kind of currency. If the government find some merits on it they will make some move to place it on their system and so a good example is Japan.
Price is not stable and fluctuation is not the reason. The government can easily overcome that easily. At first, bitcoin appeared secret, it was a really free currency, we could call it "outlaws." However, due to its long-term and stable operation, it has gained more attention, but it is still a hard-to-manage currency, and governments are not really ready to do so. Moreover, the forces that oppose the government are the real ones behind and promote the development of bitcoin. That is the difficulty with them.
The government wants to control everything, even drugs and bitcoin is no exception. It's just time that they mastered the principle of electronic currencies and improve the system for more transactions.
The government is not in a hurry to take bitcoin, because it has an unstable price and everyone is afraid that at any moment the bubble may burst. It is more effectively considered as an additional opportunity for earning.
It is not just about the unstable price or the volatility of bitcoin but rather it is about the control. Bitcoin is decentralized and is also something new and using it possibly has some huge consequences. The governments would rather conduct some study first before they would accept such kind of currency. If the government find some merits on it they will make some move to place it on their system and so a good example is Japan.
Price is not stable and fluctuation is not the reason. The government can easily overcome that easily. At first, bitcoin appeared secret, it was a really free currency, we could call it "outlaws." However, due to its long-term and stable operation, it has gained more attention, but it is still a hard-to-manage currency, and governments are not really ready to do so. Moreover, the forces that oppose the government are the real ones behind and promote the development of bitcoin. That is the difficulty with them.
The government is not in a hurry to take bitcoin, because it has an unstable price and everyone is afraid that at any moment the bubble may burst. It is more effectively considered as an additional opportunity for earning.
It is not just about the unstable price or the volatility of bitcoin but rather it is about the control. Bitcoin is decentralized and is also something new and using it possibly has some huge consequences. The governments would rather conduct some study first before they would accept such kind of currency. If the government find some merits on it they will make some move to place it on their system and so a good example is Japan.
In my opinion,government would't accept bitcoin but release their own national electronic coin
I don't agree with your statement because if government will not accept bitcoin then can you explain what does the country of Japan already did to bitcoin? They already legalized bitcoin to their country and that is one of the reason why bitcoin is getting too much attention and increased to its price because of that so i don't think government will not accept bitcoin because if they realized and saw some potential from bitcoin then they will eventually accept it.the maximal mine is in the china,in some way,the government of Japan maybe want made the electric of china use more ,so they can get others
The government is not in a hurry to take bitcoin, because it has an unstable price and everyone is afraid that at any moment the bubble may burst. It is more effectively considered as an additional opportunity for earning.
It's very difficult to achieve it.
My country is part of EU.
It means that my government have to follow laws and regulations from EU council and EU parliament, and also they have to follow direction from central European bank.
So, before most countries in EU decide to accept bitcoin there is no way that my or any country alone accept bitcoin officially.
Right now, I know that central bank in my country don't accept bitcoin officially and don't think it will change in the near future.
My country is part of EU.
It means that my government have to follow laws and regulations from EU council and EU parliament, and also they have to follow direction from central European bank.
So, before most countries in EU decide to accept bitcoin there is no way that my or any country alone accept bitcoin officially.
Right now, I know that central bank in my country don't accept bitcoin officially and don't think it will change in the near future.
To make bitcoin accepted by the governments. It will need a lot of proof for the government that bitcoin is a really good currency because the government is not that fast accepting type of organization, they investigate and observe it a lot before they accept it because they want to make sure that the currency is a good for the future when they start to use 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?
it will be hard for goverment to accept bitcoin goverment use fiat because they can get taxesthey dont support bitcoin because there are no benefits bitcoin taxes go to miners
To make bitcoin accepted by the governments. It will need a lot of proof for the government that bitcoin is a really good currency because the government is not that fast accepting type of organization, they investigate and observe it a lot before they accept it because they want to make sure that the currency is a good for the future when they start to use it.
They don't need proof for it because they just need to have some case studies about bitcoin and the only thing they need to know is, in what way is bitcoin going to be beneficial for their government, people and for the whole country. Once everything is clear about bitcoin and it's very promising base on their reviews, it will be accepted.
In my opinion,government would't accept bitcoin but release their own national electronic coin
I don't agree with your statement because if government will not accept bitcoin then can you explain what does the country of Japan already did to bitcoin? They already legalized bitcoin to their country and that is one of the reason why bitcoin is getting too much attention and increased to its price because of that so i don't think government will not accept bitcoin because if they realized and saw some potential from bitcoin then they will eventually accept it. 
In my opinion,government would't accept bitcoin but release their own national electronic coin
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 taxesthey dont support bitcoin because there are no benefits bitcoin taxes go to miners
I think what governments like best are taxes.
So if bitcoins are handled correctly, without any illegal activities and everybody pays their taxes on them, then I am sure that no government would have something against the use of a cryptocurrency.
Unfortunatelly sometimes someof the things I mentioned are not fulfilled completely by a few users.
That one reason why governments are suspiciously against cryptocurrencies.
In my opinion that is just an excuse used by the governments to try to destroy bitcoin, they are going to say that bitcoin will never be able to comply with their guidelines and as such they will never accept it and I think governments will go as far as creating their own coin to try to rival bitcoin.So if bitcoins are handled correctly, without any illegal activities and everybody pays their taxes on them, then I am sure that no government would have something against the use of a cryptocurrency.
Unfortunatelly sometimes someof the things I mentioned are not fulfilled completely by a few users.
That one reason why governments are suspiciously against cryptocurrencies.
Yes that is a possibility that government will create their own coin on which they can have total control like fiat money and which can give tough competition to bitcoin in future and if it will hold good features then people will surely switch to that coin.
I don't think it is possible because already many country govt is thinking to accept this Bitcoin as a legal currency. And recently also one country agreed with this Bitcoin. So slowly one by one country may accept this Bitcoin. This is also possible am I right. We should think about both positive and negative. But I think the govt will not take risks to create a new coin.
To make bitcoin accepted by the governments. It will need a lot of proof for the government that bitcoin is a really good currency because the government is not that fast accepting type of organization, they investigate and observe it a lot before they accept it because they want to make sure that the currency is a good for the future when they start to use 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?
it will be hard for goverment to accept bitcoin goverment use fiat because they can get taxesthey dont support bitcoin because there are no benefits bitcoin taxes go to miners
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