Topic: The real reason American government hates Bitcoin (Read 3758 times)

"Trust In God"
Didn't work so well for the Liberty Dollar.

I'm not saying this to be sarcastic, but some of us legitimately just want to obey the law regardless of the likelihood of one getting caught for breaking it. We do have a process in this country for adding and removing laws as necessary. When people start deciding that they can pick and choose which laws apply to them, it's a very slippery slope and you can run into a major crisis pretty quickly.

Frankly, if even 75% of people were totally honest on their taxes and didn't try to cheat out of paying some of what they technically owe, the IRS wouldn't be so aggressive and wouldn't feel the need to create a thousand rules. The problem is people aren't that honest.

The American government hates bitcoin because they can't print more of it.
they are deeply dependent on the fed's ability to print money in order for them to impose the stealth inflation tax (https://en.wikipedia.org/wiki/Inflation_tax).
if bitcoin goes mainstream no one in their right mind will want to use USD except to pay taxes and the USD will lose its value.

I have read many articles.

Are you saying that the press is negative toward Bitcoin or the government?

I hear a perceived sentiment of the US government hating Bitcoin---from the Bitcoin community. I am confused why that perception exists.

Have you read any news stories from American press the last few years? Sure, hate may be an overgeneralization with a hint of hyperbole, but it expresses the perceived sentiment.

Is there compelling evidence that 'the US government hates Bitcoin'?

I have not heard anything concrete that suggests that is anything other than a paranoid fantasy. I am genuinely interested.

Two prominent reasons why a government may not like Bitcoin are;
1) Bitcoin can't be as fully regulated as the USD or any standard fiat currency can opening it to more nefarious purposes.
2) Banks and companies that make tons of money with the insane fees they charge to move fiat may feel threatened and tell their lobbyists to try and get the politicians to look down on Bitcoin.

America government does not want the international role of the dollar BTC effect.

The real utility of tax laws as they relate to law enforcement is that it gives the authorities extra avenues to attack if they wish to for whatever reason.  (Parenthetically, it is similar to the utility of bulk collection and retention of communications data as J.E. Hoover did and the current intelligence community is doing with a vengeance.)

Most people have basically nothing to fear by cheating on their taxes vis-a-vis Bitcoin.  As you say, it's not as though the IRS has the resources to track this stuff very well anyway.  But if one chooses to cheat one will have it hanging over their head like the 'Sword of Damocles' at least until the statute of limitations is up, and probably even longer.  This could significantly impact one's ability to participate in other activities such as political efforts and probably even certain business operations.

You are really funny。

government and central bank are the two sides of fiat coin

if bitcoin finally wins then both government and central bank will lose power  

I agree, but in a nuanced way.  I strongly agree with the idea of strength through simplicity.  I've always been fairly negative about efforts to increase usability and functionality of Bitcoin and to continue to extend the protocol for this reason.

The strength of a public ledger solution and a need for privacy are very hard things to reconcile, but I don't think it is necessary.  A myriad of second-tier solutions each tuned for specific goals but deriving strength from support of something 'transparent' like Bitcoin seems to me like a nearly ideal solution.  Particularly if Bitcoin (or more generally, the native backing store) remains accessible (and maintainable) by end users.  The neat thing about such a framework is that the 'second tier' solutions are dispensable so if some of them are attacked successfully it will not upset the core system or other second-tier solution.  The proverbial whack-a-mole problem for attackers which would prove quite vexing to address systemically.

Why does everyone think that if you spend a Bitcoin there will be a freaking IRS Agent contacting you for their cut?  They are barely equipped and trained to handle their current responsibilities.  Now, all of a sudden, there will be IRS ninjas popping out of your computer?  Such paranoia! 

If I find a dealership that will take Bitcoins, and I buy a vehicle using Bitcoins, they have absolutely no obligation to contact anyone but the vehicle registration office to transfer the title.  Where the hell does the IRS come in to this?  Are vehicle dealers now authorized undercover IRS agents?  The imagination is a crazy thing I guess.

There is some crazy, baseless bullshit being spread on this board.

Biologists say the same sorts of things about life. Look at how imperfect we are. Yet, we are highly adaptable due to our simplicity. Some people say there are weaknesses such as Transaction Malleability, but I have little doubt that they will be repurposed into useful functions. All life is built on four DNA letters. Simple systems merge and become complex systems. If one component fails to adapt, the organism develops alternate systems. I think Bitcoin's simplicity is its greatest strength.

I can only partially agree.  The potential socio-political repercussions are not all that complex.  They dawned on a lot of us within minutes of grasping the basics of the solution.  What is a lot more complex are what the end results of various actions directed at Bitcoin would be.  To that end I am surprised that more efforts were not made toward nipping the 'problem' in the bud.  Two opposing hypothesis are that most of those who have significant influence were, and are still, fairly out-of-touch, or that they have analyzed things and recognized that almost any direct efforts would have worse end effects than basically doing nothing.  Of these two the first seems more likely to me at this point.

I continue to theorize the Bitcoin itself is not much of a threat due to it's immature and rushed design, but it opens a door to a host of solutions which are indeed quite threatening in that it has induced a lot of 'mindshare' to work on developments in this sphere and to accept the utility of such solutions.  The only real solution would be to clamp down on the ability of individuals to freely communicate but that is a tricky problem in some societies.  I'd expect a 'cyber 9/11' type event as the best engineering option to effect such a shift, and it's been floated off-and-on for many years now.

I think it's because people get sick of having religion imposed on them, and enjoy pushing their views instead. I've been an atheist most of my life, always left the bible beaters alone. But as I see more and more of their anti-science BS being pushed on all of us, I've got to admit I'm starting to enjoy pointing out the fact that their religion is nothing but a fairy tale, and not even a good one at that.

"In satoshi we trust" - it's ingeniously!

Bitch at America in the morning.

Bitch at America during lunch.

Squeal and moan yourself to sleep bitching at America after dinner.


Run crying to Uncle Sam's arms when you get hit by a typhoon/tsunami/earthquake/flood/china grabbing your islands or crazy cunts blowing up nuke next door.



We need to make up a new word in languages to describe the utter bitch status of you sad, sad fuckers

The real reason is that American government hates everything

Go make a thread discussion 'The real reason Chinese government hates Bitcoin'.

Get your priorities straight, bitches.