The state is suffering from hyperinflation after sustaining social programmes.
The bolivar note getting cheaper every day.
And since power prices are pegged to their note, it's dirt cheap.
This makes Bitcoin mining extremely profitable.
Topic: mining BItcoin is illegal activity in Venezuela....? - page 2. (Read 1996 times)
i never know about this,i just know about what happen in russia,their goverment considering bitcoin activity as crime,and i think venezuela goverment inspired from russia,but i hope other countries not follow them to ban bitcoin activity.
This is Not rusia, it's happen in venezuela. after you read the news you will know the reason.
b
I guess the goverment of venezuela afraid,that miners not gonna pay the taxes,and also afraid bitcoin will used for criminal purpose.
its an old topic and it obvious they caugt two CIA agents
I guess the goverment of venezuela afraid,that miners not gonna pay the taxes,and also afraid bitcoin will used for criminal purpose.
its an old topic and it obvious they caugt two CIA agents
it's Old topic but goverment will say "criminal fundraising" is the main reason, after it goverment will says about Tax. it's a good scenario to make bitcoin bad.
Earlier this week on Monday, an article was published on a state-owned media outlet in Venezuela, one which summed up bitcoin as a currency used by criminals and terrorist groups. The article was published by Corporación Venezolana de Televisión or VTV, a public network and state-owned broadcaster directly under the purview of the administration of the ministry of Popular Power for Communication and Information, in Venezuela.
https://www.cryptocoinsnews.com/report-two-venezuelans-arrested-mining-bitcoin/
after i read this news. im confusion, why mining bitcoin is illegal activity..?
i never know about this,i just know about what happen in russia,their goverment considering bitcoin activity as crime,and i think venezuela goverment inspired from russia,but i hope other countries not follow them to ban bitcoin activity. https://www.cryptocoinsnews.com/report-two-venezuelans-arrested-mining-bitcoin/
after i read this news. im confusion, why mining bitcoin is illegal activity..?
this explain why despite their good electricity there is no mining there, but i guess you can evade it easily with soem subterrain environment
there is always a workaround for everything. no matter what governments do people find a way to do what they want. and in the end they can't control bitcoin by banning bitcoin mining, only regular people will stay away and criminals would continue what they were doing no matter what has changed!
i think because government has considers bitcoins users have very bad reputations and used only for illegal activity that's why some countries very wary for bitcoins users
Government taking such steps because they have fear that if Bitcoins and other digital currency become popular , it will destroy their banking system and they would have no control over the monetary system. This fear is making Government and institution taking such steps to demote the bitcoins usage, but THEY WILL NOT SUCCEED
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after i read this news. im confusion, why mining bitcoin is illegal activity..?
I believe they see Bitcoin mining as issuing Bitcoin currency and Venezuelan citizens are not allowed to issue any currency. Probably one of the protectionism laws to keep monopoly and power, but I dont know of any country which dont have protectionism laws to keep monopoly over certain sector.
this explain why despite their good electricity there is no mining there, but i guess you can evade it easily with soem subterrain environment
I think the government of Venezuela only see bad news about bitcoin, they do not see many positive side about bitcoin. 
Yeah it might have known only about the bad part. The government might have felt bitcoin use might get increase than their own currency as mining is cheap in their country.
I think the government of Venezuela only see bad news about bitcoin, they do not see many positive side about bitcoin.
b
its an old topic and it obvious they caugt two CIA agents
Earlier this week on Monday, an article was published on a state-owned media outlet in Venezuela, one which summed up bitcoin as a currency used by criminals and terrorist groups. The article was published by Corporación Venezolana de Televisión or VTV, a public network and state-owned broadcaster directly under the purview of the administration of the ministry of Popular Power for Communication and Information, in Venezuela.
https://www.cryptocoinsnews.com/report-two-venezuelans-arrested-mining-bitcoin/
after i read this news. im confusion, why mining bitcoin is illegal activity..?
I guess the goverment of venezuela afraid,that miners not gonna pay the taxes,and also afraid bitcoin will used for criminal purpose.https://www.cryptocoinsnews.com/report-two-venezuelans-arrested-mining-bitcoin/
after i read this news. im confusion, why mining bitcoin is illegal activity..?
its an old topic and it obvious they caugt two CIA agents
Earlier this week on Monday, an article was published on a state-owned media outlet in Venezuela, one which summed up bitcoin as a currency used by criminals and terrorist groups. The article was published by Corporación Venezolana de Televisión or VTV, a public network and state-owned broadcaster directly under the purview of the administration of the ministry of Popular Power for Communication and Information, in Venezuela.
https://www.cryptocoinsnews.com/report-two-venezuelans-arrested-mining-bitcoin/
after i read this news. im confusion, why mining bitcoin is illegal activity..?
I guess the goverment of venezuela afraid,that miners not gonna pay the taxes,and also afraid bitcoin will used for criminal purpose. https://www.cryptocoinsnews.com/report-two-venezuelans-arrested-mining-bitcoin/
after i read this news. im confusion, why mining bitcoin is illegal activity..?
i think because government has considers bitcoins users have very bad reputations and used only for illegal activity that's why some countries very wary for bitcoins users
where is Frank the human comprehensive spellchecker???
That is why bitcoin won't be accepted globally because of countries around the world fearing it and what it will do to their economies. They don't understand that it will help them and their citizens out of their oppression that they are currently living in. Venezuela economy can't get any worst, so why not just try using it instead of calling it illegal and linking it to terrorism. That is just absurd 
i think because government has considers bitcoins users have very bad reputations and used only for illegal activity that's why some countries very wary for bitcoins users
The fear in bitcoin is what causing them to ban bitcoin,bitcoin used for criminal activity hence all currency is being used for criminal activity.
The government of venezuela doesnt understand bitcoin and doesnt see how it can change the future.
The government of venezuela doesnt understand bitcoin and doesnt see how it can change the future.
Venezuala is a basket case,
Some government fears that their own people will abandon their currency, fears that their people will choose Bitcoin over their currency. This is sad for people there, I think.
If they can't control it then it is easier for them to make it illegal. Can this stick since it is a global rather than regional currency?
They way some governments act upon without even bothering to look at certain technology, in order to see and experience before going against it, makes me sick. For instance the following quote from the article:
Quote from: Article
bitcoin is a currency for cybercriminals and that terrorists and criminals were the “main advocates” of the cryptocurrency.
AFAIK terrorists and criminals use fiat and normal monetary systems as well but since those are under control, it's fine to remain but something that isn't under their control, is forbidden as soon as a criminal use it. They way some of these governments are dishonest towards what they show, is very annoying and all the want is a reason to take over. 
Because some gov doesnt understand what is Bitcoin and are afraid of it. This is what happen when people are resistant to change.
Hope this get fix.
Hope this get fix.
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