Topic: Many Countries Government trying to stop bitcoin, what reason ....... - page 5. (Read 1518 times)
December 21, 2018, 04:13:52 AM
The risk is quite large if their citizens who are still lacking in information about bitcoin will make them not understand and will harm of course,as we know that investing in bitcoin is quite a big risk
December 21, 2018, 04:01:24 AM
One of the main reasons why most Governments don't want to accept cryptocurrencies as a mode of payment and making transactions is because of the the huge amount of money that they would lose without people making payments through the central banks. banks charge very high fees for transactions unlike cryptocurrencies which only charge just a small amount.
December 21, 2018, 02:25:56 AM
Many countries are against Bitcoin because they believe that bitcoin will be used to scam their citizens through ICO as Bitcoin is decentralized and can not be controlled by anybody. Some claim bitcoin is used to sponsor terror while others claimed bitcoin can easily assist in money laundry and drug peddling.
These are just mere speculations just to kill the bitcoin.
These are just mere speculations just to kill the bitcoin.
December 21, 2018, 02:17:53 AM
Governments, especially far left communism governments, loveeeee to be in control of everything and even wish to expand their control power. Bitcoin, on the other hand, gives freedom and anonymity to users and cannot be control by any single party and proves to be a huge enemy. Aside from that, the fact that Bitcoin is taken advantage of by some bad guys makes some governments hesitate making it legal too. Until they figure out a way to 'control' or adopt Bitcoin they will just decide to ban it so that the whole country does not go chaotic, cause you see Bitcoin can affect various aspects of a country.
December 21, 2018, 02:06:20 AM
yes this is technological advancement, this can be very useful for Bitcoin users
maybe bitcoin will be faster when accessed with the internet, but this is a satellite system that might be as good as general internet access
maybe bitcoin will be faster when accessed with the internet, but this is a satellite system that might be as good as general internet access
December 21, 2018, 01:56:56 AM
anyone know what reason stoping bitcoin many countries,,,,,,,,,,what reason ?
Most of these governments claim that Bitcoin is unregulated hence it is involved with money laundering, terrorism funding, drug trafficking and other source related to payment on the dark web. But the question, were these activities not already in existence before the creation of Bitcoin? This proves the fact that the governments have ulterior motive behind their claims. It is obvious that the governments are scared of the decentralized nature of BTC which gives the financial power back to the people.
December 21, 2018, 01:43:30 AM
anyone know what reason stoping bitcoin many countries,,,,,,,,,,what reason ?
I do not think the countries want to stop it. It is just their ignorance in not supporting it that is making it look like it is a sabotage. But this was the same resistance gold faced when it was newly adopted as a store if value a few years ago. Bitcoin will survive this too. December 21, 2018, 01:11:58 AM
These governments that won't allow bitcoin in their countries might not yet ready to accept cryptocurrency or they had a law that prohibit the use of another currency. Bitcoin has a high volatility and fluctuate rapidly so these countries might be having a hard time dealing with it so they rather ban it than allowing it. However, banning a cryptocurrency like bitcoin may not be successful because might buy the coin in an underground exchanges. China, for example, reportedly banned bitcoin but many chinese can still able to buy the cryptocurrency from many sources inside their country
December 20, 2018, 05:00:46 PM
anyone know what reason stoping bitcoin many countries,,,,,,,,,,what reason ?
For me, the reasons why some countries stoping bitcoin is it can be a tool to use to their illegal activities because no one monitor in it in one country it will be safe to use in money laundering. My other reason is also bitcoin is decentralized and the government itself can not manipulate it which is one of a negative use of Bitcoin and its volatility also some Government did not want to have an ups and downs of it.
December 20, 2018, 04:37:21 PM
Most likely, the government cannot afford to adopt a currency that cannot be controlled. Bitcoin is too modern and perhaps it is even ahead of our time. I think that in the future it will be actively used.
December 20, 2018, 04:23:29 PM
I think it's just the government's fear of an entirely new and innovative technology that will completely transform the traditional financial system. Most politicians are quite conservative and are not yet ready to accept the digital currency.
December 20, 2018, 02:53:00 PM
of course the bad reason for the results obtained in crypto currency investment for the country may be the massive inflation of the local currency and a means of money laundering
December 20, 2018, 02:28:01 PM
Various reasons for the government to stop bitcoin, such as the value of bitcoin that cannot be controlled, have a big risk, it is easy for hackers to steal etc. To avoid this bad possibility, the government is trying not to accept bitcoin.
December 20, 2018, 02:00:22 PM
Financial freedom may directly means total freedom, Financial freedom is one of the dream of Satoshi Nakamoto, The Government don't want the poor masses to get the freedom.
December 20, 2018, 12:39:53 PM
there are numerous reasons although few are considerate to my opinion why Government are kicking against bitcoin. citizen of these countries who are there government is fight against Bitcoion are
1.citizens losing money to hackers daily which is crumbling the economy of the country since since hackers dont even spend the money within the country to develop the country ,
2. this theft money can be use to sponsor terrorism attacks against the country .
3. taxes might not be paid effectively , lots of people might want to hide their wallet since bitcoin transactions are decentralized and anonymous
1.citizens losing money to hackers daily which is crumbling the economy of the country since since hackers dont even spend the money within the country to develop the country ,
2. this theft money can be use to sponsor terrorism attacks against the country .
3. taxes might not be paid effectively , lots of people might want to hide their wallet since bitcoin transactions are decentralized and anonymous
December 20, 2018, 11:08:58 AM
maybe the reason for inflation in the local currency and of course all the negative results that will be obtained from the crypto currency but in my opinion the good and bad crypto currency depends on the intention and purpose of the investor itself
December 20, 2018, 09:32:26 AM
I think because bitcoin transactions are difficult to track because bitcoin is anonymous, and from that the government will be difficult to control bitcoin.
December 20, 2018, 09:30:15 AM
anyone know what reason stoping bitcoin many countries,,,,,,,,,,what reason ?
Simple, the major reason is control. Bitcoin is decentralized, government cannot control it. Meanwhile, bitcoin circulate in the majority which makes them easily. Of course government wouldn't stay watching this. They also need money to live their life, especially in the corrupt countries. They need tax from the regulation, while bitcoin is unregulated. So, simply, they get nothing from bitcoin. 
December 20, 2018, 09:11:51 AM
In my opinion because in their country they still really need banks as transactions in their country, and when bitcoin enters maybe banks in that country are no longer attractive.
Big banks still holding the economy of such countries, they are still dominating and authorities will keep their side to those businesses as they are getting more finances from them, with bitcoin / crypto existence this businesses will suffer and just like many other said, taxes are most important in any countries that will exist so it will be hard for them to allow it freely. December 20, 2018, 08:19:09 AM
Because BTC is a privately issued cryptocurrency, no organization guarantees it!
And BTC has some illegal applications, such as money laundering!
In order to ensure the country's economic order to maintain its own rule, the government blocked BTC to disrupt the economic order!
And BTC has some illegal applications, such as money laundering!
In order to ensure the country's economic order to maintain its own rule, the government blocked BTC to disrupt the economic order!
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