actually it is not bitcoin that is wrong but the individual of the human being who has greed in financial matters. before the creation of bitcoin. there is already a name
fraud, misappropriation of money . terrorist, kidnapping,
and in my opinion, the issue of national money is not the main factor for bitcoin as the trigger, because as we know the decline in the value of the currency is due to inflation, so the country prints money back,
the point is the reason the reason is mentioned is the reason the government refuses bitcoin exists,
Topic: The government of my country always blame Bitcoin for their failure. (Read 578 times)
August 19, 2022, 06:03:49 PM
August 21, 2022, 07:51:53 AM
Bitcoin is such a good scapegoat that it's making me yawn whenever the government puts the blame on bitcoin or cryptocurrency for their failures to maintain and improve the economy, it's kind of funny to imagine how they're doing it in the drawing board, what stuff should they blame that doesn't involve what they're doing that's really causing the problem. I hope people are smart enough to doubt that bitcoin is the cause of economic failures.
I think bitcoin can actually help solve a country's economic problems.if the government blames bitcoin and cryptocurrencies for their failure in the country's economy it may only be to cover up the failure of the government and bitcoin is the vessel for that failure.
but they do not pay attention to the impact of this, it will only add to the economic collapse of their country.
August 21, 2022, 06:19:44 AM
Recently i read some article which is about top 5 countries which is more towards the future of technology and surprisingly Nigeria was on the list, i don't know about the reality but its a fact that Nigeria is growing faster but the government doesn't even care about the potential of their citizens do they never tried to make any changes which can bring more growth into the economy but wanted to still scratch whatever the people have, even they banned cryptocurrencies and exchanges launched their own CBDC but nothing worked in their way.
August 20, 2022, 10:49:45 PM
Terrorism financing and ransom payments: Just recently the government of my country criminalized payment of ransom to kidnappers and bandits. Anyone that is convicted of ransom payment would be sentenced to 15years imprisonment. But the government has been accused of hypocrisy; people argue that top government officials secretly paid ransom to secure the release of their loved ones while other victims from poor families were left at the mercy of their abductors. An example is the recent kidnapping of over 61 train passengers and $170,000 was paid secretly for the CEO of the Bank of Agriculture. A report stated that based on what could be verified, between July 2021 (after the ban on Bitcoin transactions) and June 2022, no fewer than 3,420 people were abducted across my country, an increase of more than 100%. In the ensuing period, $9,806,306.31 was demanded in exchange for the release of captives while a fraction of that sum ($1,126,126.13) was paid as ransom. And most of these funds are paid in cash. An example is the testimony of one of the notorious bandits’ leaders who carried out the abduction of nearly 300 schoolgirls at the Government Girls Secondary School in Jangebe town in Zamfara State in February 2021 who revealed that the Nigerian government coughed up approximately $102,561 cash before they (the bandits) freed the girls.
The bandits’ leader in an interview with BBC Africa Eye, when asked what they did with the money, simply stated that they used the money to acquire more rifles and other deadly weapons for subsequent operations (Purchase of small arms and light weapons)
The bandits’ leader in an interview with BBC Africa Eye, when asked what they did with the money, simply stated that they used the money to acquire more rifles and other deadly weapons for subsequent operations (Purchase of small arms and light weapons)
I've spoken before about Bitcoin being the scapegoat for issues unrelated to crypto in general -- to reiterate the point: Cryptocurrency doesn't have much to do with terrorism. I'm sure the government can point to specific reports of terrorist groups using crypto to fund terror activity, but those incidents are scarce across the broader spectrum of terrorism. The Taliban currently control an entire country and its resources, for example. Iran, leading state sponsor of terrorism, are currently sharpening their nuclear arenol. Are we really expecting crypto to be the fiscal epicenter of terrorism because some people requested Bitcoin in ransom funds? Should we really lose sight of the bigger picture?
The government just needs to give a palatable excuse to the average citizen without technical knowledge of Bitcoin to justify its curtailment. You'll be shocked to find out how many liberties citizens will voluntarily give away in the name of personal safety.
August 19, 2022, 01:16:53 PM
4 Problems that are always used as a benchmark for people who don't like bitcoin 
We've heard about this a lot and I've even seen a few times people dislike bitcoin for reasons like this.
Fraud and money laundering, terrorism financing/ransom collection by kidnappers, tax evasion and depreciation of national currency value did they not think of anything other than this? because indeed from several years I have known bitcoin they only talk about this continuously even though they themselves already know some reasonable answers about problems like this.
We've heard about this a lot and I've even seen a few times people dislike bitcoin for reasons like this.
Fraud and money laundering, terrorism financing/ransom collection by kidnappers, tax evasion and depreciation of national currency value did they not think of anything other than this? because indeed from several years I have known bitcoin they only talk about this continuously even though they themselves already know some reasonable answers about problems like this.
August 19, 2022, 12:54:20 PM
It might be true that Bitcoin can be misused or abused by some individuals or organization which might affect the economy, but portraying Bitcoin as one of the major cause of the country’s economic woes is untrue.
This may happen in Bitcoin and it also happens in fiat currency but the blockchain makes it easy to verify and track the individual that did it (if no privacy service is used just like how Bitfinex suspected hacker was tracked down ). This cant is achieved in fiat currency and that's the reason why a lot of political leaders can freely steal the nation's funds. 
August 19, 2022, 10:20:04 AM
Often, governments don't want to be blamed for what happens in their country. Instead they will make more defense. And the reason because of Bitcoin, this is a reason that makes less sense.
How can they make it seem like Bitcoin is the only thing that has the most impact on the country? Isn't it that many of its citizens are helped because of Bitcoin? Is it appropriate for the governments to act to spread FUD about Bitcoin without balancing the positive side?
And because of this, it is possible that more and more citizens have no respect for the government.
How can they make it seem like Bitcoin is the only thing that has the most impact on the country? Isn't it that many of its citizens are helped because of Bitcoin? Is it appropriate for the governments to act to spread FUD about Bitcoin without balancing the positive side?
And because of this, it is possible that more and more citizens have no respect for the government.
August 19, 2022, 09:25:14 AM
When depraved criminal lunatics like politicians need to shift the blame for something that they themselves caused, its only natural for them to point the finger at anything which is popular and easily blame-able.
Smart people will aways be able to see through the politicians and bankers lies because they know the truth. And the truth is that Bitcoin is not something bad, or something which is corrupted. Bitcoin is the ultimate freedom.
If the people of your country only took payment in Bitcoin and refused to pay taxes, then your corrupt politicians would start panicking very fast. Of course they would try to force everyone to pay up by force. Like throwing people in jail or even shooting them.
Smart people will aways be able to see through the politicians and bankers lies because they know the truth. And the truth is that Bitcoin is not something bad, or something which is corrupted. Bitcoin is the ultimate freedom.
If the people of your country only took payment in Bitcoin and refused to pay taxes, then your corrupt politicians would start panicking very fast. Of course they would try to force everyone to pay up by force. Like throwing people in jail or even shooting them.
August 19, 2022, 09:05:32 AM
1. Fraud and money laundering
2. terrorism financing/ ransom collection by kidnappers
3. tax evasion and
4. depreciation of national currency value.
this is always used as a reason for rejecting bitcoin in a country, tired of discussing this actually,
point 4 actually bitcoin has no effect at all with the value of the national currency, I don't know from which point of view the government can say that
August 18, 2022, 06:42:43 PM
In fact, what they do so far actually much worse. They deal with corruption, money laundering even before Bitcoin exists, crimes, nepotism, and other things that are negatively influencing the country. However, if they don't like Bitcoin, they will always hate and blame Bitcoin for whatever happened in the country. Spreading the negative sides of Bitcoin all over the ocuntry, make FUD and cosndier that Bitcoin is very dangerous. This is also spread on the media in whcih media can relaly infleunce citizen in the country very well. That is politic.
In fact, Bitcoin really save the peole life in the country,much better than only what thegovenrment can talk without any solution
In fact, Bitcoin really save the peole life in the country,much better than only what thegovenrment can talk without any solution
August 18, 2022, 06:05:59 PM
It is not only the government in your country, it is the government all over the world. The government blames bitcoin for all her crimes. The corrupt and wicked politicians are the masterminders of fraud and money laundering and they blame it on Bitcoin, as if there was no fraud or money laundering before bitcoin was invented.
I can help you get a unique example of how bad the government's attitude is towards bitcoin.Bitcoin is a medium that people can use to trade, pay and transact from wallet to wallet. Bitcoin can be abused, but that's not the concept it was created for. Governments should be able to blame much deadlier guns or bombs, but they always blame the owners or abuser rather than the media used. They shouldn't fail to understand that, so they don't just blame bitcoin for being abused by certain users.
August 18, 2022, 06:03:26 PM
That's not just about your country and that's not only about bitcoin, most of the governments in the world always blame everyone and everything for their mistakes otherwise they have to accept their mistakes and say sorry for them, even in my country there is the same situation, and the million dollar question to ask from these governments is what about the time before bitcoin and cryptocurrencies, what the reason for their failures and they have nothing to say. they blame and attack to bitcoin and bitcoiners because they are scared of it.
True, the thing is that bitcoin is really on the forefront of every country right now, it's in the discussions and we can see that even world financial governing bodies has something to say with it.
But then again, we have heard this excuses on why they would ban bitcoin for good. And the only one that is going to hurt is the people of those countries who find bitcoin very advantageous like giving them financial freedom. And then suddenly their government will shut it down and put the blame on it because of their incompetency and ineptness.
August 18, 2022, 05:58:16 PM
You know they have all the right to do that in order to protect their citizens from fraud and scams since it has been reported that some people are using it as a getaway for those reasons. We can't blame them for that though this type of reasons/reaction usually bring negative effect of the cryptocurrency since those bad guys are using it not for good. Although, fiat had this kind of problem too that's why they should be fair with their decision too but I guess the government doesn't have time to do their research or they just want to protect their ideas.
August 18, 2022, 05:31:53 PM
That's not just about your country and that's not only about bitcoin, most of the governments in the world always blame everyone and everything for their mistakes otherwise they have to accept their mistakes and say sorry for them, even in my country there is the same situation, and the million dollar question to ask from these governments is what about the time before bitcoin and cryptocurrencies, what the reason for their failures and they have nothing to say. they blame and attack to bitcoin and bitcoiners because they are scared of it.
Everything could really be blamed if they wanted to and whatever they've been able to look upon on which they would really make themselves to look clean and out from issues and other non pleasant things whichit would really be a common behavior for them to have.Blaming out something even its their mistakes and those are just common alibis to be thrown out to bitcoin without even realizing that these issues
had been long time existing on this world and they are just trying out to make it look bad into those people who dont have full knowledge about bitcoin and this is really just
not that appealing to look at because they are being mislead out of those words.
August 18, 2022, 05:20:08 PM
That's not just about your country and that's not only about bitcoin, most of the governments in the world always blame everyone and everything for their mistakes otherwise they have to accept their mistakes and say sorry for them, even in my country there is the same situation, and the million dollar question to ask from these governments is what about the time before bitcoin and cryptocurrencies, what the reason for their failures and they have nothing to say. they blame and attack to bitcoin and bitcoiners because they are scared of it.
hes right....Isn't tax avoidance, fraud, money laundering and other reasons, still exist and are carried out by corruptors, rogue officials and companies, before bitcoin appeared and were used in a country why after bitcoin appeared they cornered bitcoin as a scapegoat, I think they are looking for the reason for their inability to eradicate corruption, tax, and terrorist problems, so publishing the issue of bitcoin as one of the causes
August 18, 2022, 07:53:19 AM
That's not just about your country and that's not only about bitcoin, most of the governments in the world always blame everyone and everything for their mistakes otherwise they have to accept their mistakes and say sorry for them, even in my country there is the same situation, and the million dollar question to ask from these governments is what about the time before bitcoin and cryptocurrencies, what the reason for their failures and they have nothing to say. they blame and attack to bitcoin and bitcoiners because they are scared of it.
August 16, 2022, 11:19:03 PM
Trough your government country still ability used bitcoin as investment assets for trading or investing and you can access to all exchange market I don't think have to worry about your government still blame with bitcoin. I think this important key with bitcoin still as legal currency transaction for trading and investing looks better than your government blame and banned bitcoin as investment assets. Slowly when bitcoin have been popular in your country I think have change view by government and they will allow bitcoin as legal currency transaction later. Just need time and how keep build with positive impact from bitcoin as worth investment assets and when have many people get much profit from bitcoin, actually your government will change negative become positive view about bitcoin.
August 16, 2022, 08:51:12 PM
1. Fraud and money laundering
2. terrorism financing/ ransom collection by kidnappers
3. tax evasion and
4. depreciation of national currency value.
It is a fact that these evils still occur without Bitcoin, and those who are responsible for managing the country cannot completely solve this problem. Blame is always the perfect way for governments to redirect public opinion.
August 16, 2022, 07:42:58 PM
This might be indicative of (1) how your government failed in building a robust economy, (2) how it failed to trace where it went wrong, (3) how it failed in crafting and implementing relevant policies, and (4) how it it failed in appreciating Bitcoin.
Finger pointing is normally an indication of incompetence and irresponsibility. And making Bitcoin as a sort of a scapegoat won't actually help them. If at all, it will only make the situation worse. If they cannot admit and correct where they went wrong, the problem remains unsolved and Bitcoin would remain as a better alternative. People would further embrace Bitcoin.
Finger pointing is normally an indication of incompetence and irresponsibility. And making Bitcoin as a sort of a scapegoat won't actually help them. If at all, it will only make the situation worse. If they cannot admit and correct where they went wrong, the problem remains unsolved and Bitcoin would remain as a better alternative. People would further embrace Bitcoin.
August 16, 2022, 07:28:22 PM
1. Fraud and money laundering
2. terrorism financing/ ransom collection by kidnappers
3. tax evasion and
4. depreciation of national currency value.
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