Topic: Negotiation with government - page 16. (Read 3069 times)

It is actually the government who is trying to chase the people who are into cryptocurrencies. They have been looking solutions to solve this problem but until now it is not yet totally solved. Although, other nations come up with a better idea how they can get taxes from crypto. Until now this problem is still in debate and keeps finding ways to solve the problem.

Only few countries ban bitcoin and tag it illegal. Though itis not totaly legal in some part of the world, the community already accepted bitcoin as a currency which is secondary to fiat money. May what we really need is a regulated way of governance to cryptocyrrency so thar the authority will fully accept bitcoin as a currency in exchanges. Taxes be paid for those bitcoin holder in order to have the support of the government on cryptocurrency.

I think that is the direction that we're currently going
however, the anonymous feature of bitcoin will have to be diminished, if government wants to use it

The impact will be great

if it give benefit for government i think they will think about that.  but the problem is maybe percentage people "who know" is less that people "who don't know about bitcoin technology, the main thing is spread it over the world first

I don't think we can actually convince the governments to legalize bitcoins. I don't think it would make much of a difference if we try. And yeah most governments might actually legalize bitcoin by imposing tax on it. For example, Indian govt. said that they would take measures to control the illegal use of bitcoins, i.e. they would most probably be imposing tax on btc and not actually be banning it.

We don't need to convince the government to accept bitcoin and legalize it in an entire country,yes i do believe in people power but the question is how much population of crypto users needed just to convince the government to legalize bitcoin in a country?If people that have known bitcoin in that place is just only 20% or even lower than that does the government believe that it could make any sense when bitcoin will become a part of the country since they are looking it as a threat to the economy as well.When the government want their people to have alternative ways to earn for their families then that country is very progressive because they look after with their people to live a wealthy life and giving tax on the government is not mandatory.

I think this is an impossible thing. Many countries do not agree with bitcoin because the instability of bitcoin affects their power. I think they can not agree.

That is actually a good idea, the problem is, had it been that easy as posting - many would have done it many years ago!
It's not too easy of a task, it is too taxing.
On another note, Philippines have hosted the "Blockchain and Bitcoin Conference" making the Philippines as the first country in Asia to address the growing interest in the cryptocurrency sector.
https://calvinayre.com/2018/01/15/conference/manila-turns-spotlight-cryptocurrency-blockchain-bitcoin-conference-philippines/

Legalizing bitcoin and alts may be a matter of time now in the Philippines

your way of thinking is wrong in my opinion.
we shouldn't seek or beg the government to do what we want. if they are not doing it already then they are the wrong government that we chose. we should make a better choice next time then.
and it is not just about taxes. the  countries that are not very corrupt have already adopted bitcoin and made it legal and have a clear tax laws that people don't oppose. and those that are corrupt like India are fighting bitcoin and no matter what you do they will fight it.

Japan already did. And there's no regulation that happened because Japan knows the positive effect that bitcoin can bring to their economy.

But I don't like the idea of convincing government though. We have our freedom, why the government needs to curb or stop this new monetary revolution? I guess regulations is the only solution here. And its gonna be win-win situation for both the population, economy of the country (more purchasing power to the people) and the government putting taxes on cryptos.

1. Yeah, like fiat, it's not easy for governments to track the movement of decentralized currencies to tax it, but still with stricter rules and regulations, the governments could track crypto to fiat conversions through exchanges, South Korea barring anonymous crypto trading, Coinbase IRS notification, Indian tax department sending tax notices. Governments don't have to accept Bitcoin as a legal tender to tax it.

2. With the fiat system in existence, would any government give legal status to a decentralized currency? Not likely, but yeah, recognizing and regulating Bitcoin as a commodity is a sure possibility.

3. A unique ID and a unique wallet linked to the bank account to track all Bitcoin transactions. A lot more than pseudo-anonymity, Bitcoin is about having total control over your money, you absolutely own it, you can spend it or move it whenever you like. What would be the difference between Bitcoin and fiat if government controls it? Why do we need it?

In the beginning, governments totally ignored the existence of Bitcoin, but now a lot of governments are trying to regulate and integrate it into their financial system. What forced some governments to ban Bitcoin is what is making others regulate it, the adoption rate has increased tremendously, more and more people are getting into Bitcoin daily, more Bitcoin related business are getting launched. There is no negotiation, as adoption increases more governments will take a positive approach and a few the negative route.

I guess it wont happen so soon, like you can't trust Government same way you can't trust people. What is the guarantee people will let Government know how much they are holding in their wallet? In current strict banking system we have seen people hiding billions of dollars in foreign banks. When you have bitcoin it will be more easy to hide money.

Reason is simple Government's worry is 100% true! Yes  there are people who want to use the system fairly but at the same time there are many tax evading organizations and people, black money, terrorist funding and this worry list goes on and on.

Unless we find a solution to these problems! Crypto currencies are still evolving still. So if bitcoin is able to answer such questions definitely, many Governments will start accepting it's presence.

On other hand may be Government's can launch their own crypto currency and standardize KYC procedures all over the world like we have standards for Passports. But if that is the case then what will be the difference in current Fiat Money and Government's Controlled crypto currency.

if in developed countries and societies more disciplined as in the country of japan. I believe, the government will be friends with bitcoin. because of its human resources that can offset any interests and restrictions that should not be done. this is different from the emerging countries, as in many Asian countries. very difficult, because crypto will potentially abuse, such as money laundering and other crimes.

the government actually understands about bitcoin, so it's not necessary to persuade him to cheer up the bitcoin. Just wait for the right time to actually receive the bitcoin as a transactional tool in their country.

If thats happen then we are all be very happy with that news. Maybe in the future government will surely aprove bitcoin as a legal currency since they cant control bitcoin even they wanted it too.

If it's a call for legal and I do not think it's okay what I know through this thing there's a bright spot about being in the state

The government do not negotiate about taxes, because it is protected by laws. If you do not pay your taxes, the law will force you to pay fines and/or jail time for tax evasion. Governments can only be forced to do what you want, if you use your vote.

If your government does not support Bitcoin, simply stop voting for them in the next election and get all other people around you to stop voting for them too.

I think it's not as simple as you think. in essence, the government has an interest in the country's politics. there are various factors that make the ban issued. we already know clearly some governments forbid, and the factor is not just one. but there are many factors. so I think not all cases in a country will be the same

If the government accepts Bitcoin as a legitimate currency, it will be a good thing for Bitcoiner. Bitcoin prices will go up quickly as the government accepts and supports it as a legitimate currency.

Good thing in my Country it is not banned. The cryptocurrency which includes the BTC can be considered as a knowledge and technology at the same time. It is also governed by evolution even though it is not part of the natural ecosystem. So eventually, in the lone run, it will have an effect on many aspects of the society itself. The nations who do not have it banned at present, are very fortunate, as the members of their population who are interested in it would start learning it, the secrets it holds, and the science behind it, which would be an advantage for that nation. If that time comes, and the BTC becomes Globally accepted, then the nations who have it banned at present, would decide to "unbanned" it, and by then it would be too late for them. Because their population needs to learn it. Think of it this way, if we can classify the BTC industry for particular nations, in relation to being a 3rd world, 2nd world, or 1st world countries, it would be the same thing for the BTC. While most nations who at present do not have the BTC banned in their countries, by the time it becomes globally accepted, these countries would be classified as 1st world countries when it comes to BTC. For those who have it banned at present and decide to "unbanned" it in the future they would start off as 3rd world or even 4th world countries when it comes to BTC. Similar to what happened in my Country, the Government failed to accept Science, and failed to give a bigger budget to the Department of Science and Technology, and so now, instead of making the necessary equipments we need, or our nation needs, we buy it from other countries. The sole reason why we remain a 3rd World. It is not even the people who are the politicians who suffer from these, even though they are the people making decisions and allocating budgets, it is the population who suffers. Thus, for the BTC, early acceptance would be very beneficial in the long run.