Topic: Is the government really scary? - page 21. (Read 4200 times)
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
maybe the government is afraid of cryptocurrency because they cannot control it directly and they can make something as they want. it is a new technology that they don't get involved but soon, I think they will create the same technology with using blockchain technology so they can declare their blockchain is good enough comparing the blockchain technology. but I think people don't like what they offer and they still prefer with blockchain technology because with blockchain technology, people can watch the transaction they made and they can manage their own balance so nothing be worried for them.
of couse it is. they contol all of your life aspects. how can it ot be scary? we are dependent on the government
They not scared they want only to protect their people to fraud like scamming and hacking because of crypto that's why some country don't adopt bitcoin to their country.
I believe government already understand the present control with which they are operating at the moment being in full affairs of power. Cryptocurrency on the other hand will be decentralized and giving power or autonomy to individuals which will be readily overruling the government's relevance and purpose. So, this act is scary to the government and will not want the cryptocurrency to take over.
For me NO because they dont know how to manipulate the system of bitcoin. If government can do that, banned and hack the bitcoin i think they already do that before, but because its hard to manipulate bitcoin still exist. And it will exist more, and grow more.
Most likely I would say that the government's are just not enough educated and not scared about cryptocurrencies, because they're above are sitting that they're stupid people.
I think it is very common for people to be cautious in dealings with the government, although it does not imply they are scared of the government. But, there is a limit to every man's resistance, when the people can no longer endure, they may result to violence. But violence is never the right option.
Some governments banned bitcon because they did not want bitcoin to make them more difficult to manage as well as it would cause them to have control and management problems goverment not really scary
In my country, initially the government strictly forbade the use of bitcoin and considered illegal bitcoin, violating the law for having no rules about it. But since people in my country are starting to use bitcoin and some think that with its bitcoin economy getting more upturned than ever before, that person starts to shift. No longer using my country's flat currency. He prefers bitcoin. The government that knows it, suddenly surprisingly took a new policy. That they want to trade bitcoin and recognize that bitcoin is legal and legitimate money. If so, the taxes will apply and apply. The government will take advantage, although initially shy and fearful.
Of course they are scared. One of the main pillars of any state is a single currency and full control over the money issue. Crypto destroys both of these postulates. From this all the ridiculous popts of regulation of the market will emerge.
Not only that in the past currencies needed to be backed by a certain weight of gold but that was removed long time ago thanks to both world wars, so now countries can print as much currency as they want, bitcoin not only takes away their control over the currency it takes away their ability to tax your income and even worse their ability to tax your wealth through inflation.
I don’t know what would I do, if my county will ban cryptocurrencies, but for now, as far as I know, my country is positive towards crypto, they did not made any decisions yet, nor negative.
Well, tentatively the governments say they are doing that to protect cirizens from fraud. Well, Sometimes they might be right because the scam in crypto was high though I think the current market situation is reducing the scam and fraud. But one thing I have realized is that the governments now know that they can also get something from us who're in crypto (tax and maybe the tech) so they've started embracing crypto with regulations.
Of course they are going to say that, governments always lie and deceive their populations, sometimes they do it for the greater good and sometimes they do it for their own benefit, and they are doing this for their own benefit they understand very well they need to restrict access to cryptocurrencies before things get out of control, but they will fail because the management of the economy they are doing will crash it and bitcoin will be there to help all of those that want to adopt it. 
I think that the lack of centralized control over the processes is the main reason why governments are afraid of cryptocurrency. They are troubled by uncontrolled emission, or, more precisely, by the inability to influence the issuing center, since it does not exist - the release of the cryptocurrency depends on the system itself.
The government banned the entry of the crypto world due to the absence of a tax regulating for crypto money, in the presence of taxes, the government benefited the state treasury in developing the government system. With the tax may have a negative and negative value is used for the benefit of the state and of course, also positive effects are felt for the whole community. Like any investment, there is a tax to pay fees in transactions, but some countries are very risky and not open in regulating the income tax money to the public. If the government supports crypto entry, it is possible that this will improve the country's economy in setting up a good financial system.
Well, tentatively the governments say they are doing that to protect cirizens from fraud. Well, Sometimes they might be right because the scam in crypto was high though I think the current market situation is reducing the scam and fraud. But one thing I have realized is that the governments now know that they can also get something from us who're in crypto (tax and maybe the tech) so they've started embracing crypto with regulations.
Of course they are scared. One of the main pillars of any state is a single currency and full control over the money issue. Crypto destroys both of these postulates. From this all the ridiculous popts of regulation of the market will emerge.
Not only that in the past currencies needed to be backed by a certain weight of gold but that was removed long time ago thanks to both world wars, so now countries can print as much currency as they want, bitcoin not only takes away their control over the currency it takes away their ability to tax your income and even worse their ability to tax your wealth through inflation.
The government is afraid of the bitcoins, because they can not regulate it and receive all the taxes that they would like.
I do not think the government is frightening, the government's view is quite different from that of the crypto investors, who fear that bitcoin will break the current and future economy, as a market. dark field when everything is anonymous.
Many people say the government is not interested in cryptocurrency. Many people think the government has prohibit
crypto to protect investors from risks. Maybe in your country, that's true. But in some countries, especially developing countries, the government just wants to rob your assets. They rob publicly, lawfully and as much as possible. they are really bandits.I'm not afraid what they do. Because we have many ways to fight them. But this world is not as simple as you think.They can kill you if you are demonstrating.
You can ask any vietnamese that : Do you support your government ? I bet 99% answer is never. 1% remaining I'm sure they are goverment employee or their family.
crypto to protect investors from risks. Maybe in your country, that's true. But in some countries, especially developing countries, the government just wants to rob your assets. They rob publicly, lawfully and as much as possible. they are really bandits.I'm not afraid what they do. Because we have many ways to fight them. But this world is not as simple as you think.They can kill you if you are demonstrating.
You can ask any vietnamese that : Do you support your government ? I bet 99% answer is never. 1% remaining I'm sure they are goverment employee or their family.
You're absolutely right. In developing countries, that is the only thing the government is doing. They are never going to let free(uncontrolled) money flow. By the lie that they are protecting the investors. They are only protecting their financiers. The rich are funding their politicians, and for return, they want protection of their investments.
Many people say the government is not interested in cryptocurrency. Many people think the government has prohibit
crypto to protect investors from risks. Maybe in your country, that's true. But in some countries, especially developing countries, the government just wants to rob your assets. They rob publicly, lawfully and as much as possible. they are really bandits.I'm not afraid what they do. Because we have many ways to fight them. But this world is not as simple as you think.They can kill you if you are demonstrating.
You can ask any vietnamese that : Do you support your government ? I bet 99% answer is never. 1% remaining I'm sure they are goverment employee or their family.
crypto to protect investors from risks. Maybe in your country, that's true. But in some countries, especially developing countries, the government just wants to rob your assets. They rob publicly, lawfully and as much as possible. they are really bandits.I'm not afraid what they do. Because we have many ways to fight them. But this world is not as simple as you think.They can kill you if you are demonstrating.
You can ask any vietnamese that : Do you support your government ? I bet 99% answer is never. 1% remaining I'm sure they are goverment employee or their family.
yes, it true. becuse the government cannot control bitcoin . it is the blockchain tehnology
Jump to: