Truth be told, if we are steadily expanding our Bitcoin clients, we will prevent the administration from recognizing Bitcoin.
They will ask every bitcoin client to understand that I will develop them to gain.
However, currently the use of Bitcoin clients is a bit less. There are many people who have been skeptical about bitcoin for so long and are reluctant to use it.
Negative information against Bitcoin still haunts them frequently and they admit that Bitcoin is not genuine which can bite the dust whenever and wherever they can lose cash.
Topic: Time Will tell (Read 621 times)
I'm afraid it's quite the opposite: we shouldn't underestimate the power of a government. They let us be for the moment but I'm really wondering if they will do the same in the following years. If India was able to ban Bitcoin along with other countries and there was no civil unrest, I am honestly afraid a Bitcoin ban would only be followed by very small and non-significant protests that would result in.. nothing!
The only thing we can do is try to keep following the path we've started (mine is to keep believing in and supporting BTC) and hope a ban or harsher regulations aren't coming.
The only thing we can do is try to keep following the path we've started (mine is to keep believing in and supporting BTC) and hope a ban or harsher regulations aren't coming.
I agree. We must not underestimate the power the government have because if they want to, they can stop users from using cryptocurrencies just like what happened to those countries where a total whether temporary or permanent ban have already happened. Despite of the fact that cryptocurrencies are decentralized, still government have the power of the law to implement the banning of crypto currency usage since an individual using cryptocurrency is residing in a certain territory of a country. We just need to follow what the government wants on the proper moderation of using cryptocurrency to avoid letting them to make such actions against cryptocurrency once they think that usage of crypto is not good for their people. We just need to continue on doing what we used to do which is for me keep on using and holding cryptocurrency even market is on ups or downs because time will really tell what will happen i the future since we do not know what can happen because there are certain factors that may contribute and affect on the future we expect. Let us just wait and see.
It is true that the governments of different countries have taken different laws on Bitcoin transactions or bitcoin investing because of their economy, because every day people are moving towards bitcoin or digital currency. So the governments of different countries are seeing the decline of their banks; Needless to say, as much as the government tries to reduce the use of bitcoin, it will not increase.
I still believe the government will never make Bitcoin illegal. They will try to regulate it and make money by adding special taxes on its transactions. Bitcoin is the currency of the internet. Internet is considered as a way of life in this era. You cannot ban Bitcoin without banning the internet.
Furthermore it is not practically possible to control the internet. Thee are zillions of ways to hide yourself online you just need to know how to do that?
Furthermore it is not practically possible to control the internet. Thee are zillions of ways to hide yourself online you just need to know how to do that?
True to say and to tell you how important that the internet is for digital and cryptocurrency , nothing happens without the internet, right from beginning transactions. The government can key in into the project to guide or try to control the operators in the system..
Well many countries are still able to invest in crypto using VPNs and such but government's power isn't just up to that. We never know what can they still do against crypto one day. For now we can see their regulations to crypto selling at some countries by imposing KYC policies which is kinda centralized idea that defeats the idea of decentralization that we know that crypto possesses that attribute.
It might depend on some country whether their government legalizes or not though.
As the thread topic said, time will tell but crypto restricted invest in crypto through VPN will still have some limitation and if the exchange site used notice something like that ke that theres chance for to freeze the user account. However, I think what we need now so that some governments which are against crypto to support it is that some of their gang which have already understand crypto say it public just like Kiyosaki does.It might depend on some country whether their government legalizes or not though.
I am not hoping for any fight between the government and the cryptocurrency community. I’d rather that things remain as it is, people should be allowed to use whatever they want to use, whether Bitcoin or fiat, and I’m not hoping that everyone in the world starts making use of Bitcoin lol. If everyone in the world should start making use of Bitcoin it’s going to cause the government to start fighting against it and they will try to stop it at all means.
There are so many reasons as to why the government would be against it. For now they are saying nothing about it, because there isn’t much people that are using it, except a few.
There are so many reasons as to why the government would be against it. For now they are saying nothing about it, because there isn’t much people that are using it, except a few.
Well many countries are still able to invest in crypto using VPNs and such but government's power isn't just up to that. We never know what can they still do against crypto one day. For now we can see their regulations to crypto selling at some countries by imposing KYC policies which is kinda centralized idea that defeats the idea of decentralization that we know that crypto possesses that attribute.
It might depend on some country whether their government legalizes or not though.
It might depend on some country whether their government legalizes or not though.
We still yet don't know what will happen but we can see there are government approving cryptocurrency. It just up to how open the government is in adopting the new technology. Time will tell if the market will even be alive because right now, it looks like only few giants are controlling the cryptocurrency which is why China can just buy them all.
The whole situation that we are having now because of corona virus crisis has influenced in.positive way to digital services and new technologies that have been used more than ever. That might also change.attitude of many governments towards cryptocurrency, especialy those who were not so willing to regulate it and accept wider adoption.
But yes, the time will tell how at the end the situation is going to be with crypto market and if we'll have some new world order regarding everything, including cryptocurrencies.
I still believe the government will never make Bitcoin illegal.
Let's imagine this: if the countries of the world choose to place a ban or rightly make Bitcoin illegal and those holding the coin stand a chance for jail terms, would you think Bitcoin will survive this?. Being that the US has a huge numbers of participants holding Bitcoin, if the government choose to make Bitcoin illegal then the price will drop and we will see another side of Bitcoin IMO. We pray the governments across the world see reasons with the technology and encourage the mass adoption.
Will possible see bitcoin become legal transaction depend when bitcoin can break to higher price, if every day bitcoin keep going down forget with government never give access to bitcoin become legal transaction, how ever is not good moment talking about bitcoin legal or not because price still down.
Maybe that is what the government thinks about bitcoin because they see that bitcoin has the volatility in its price, which will make their people panic if the price is down. But maybe the government will give access or permission to their people to use cryptocurrency as the payment method, and that can be a legal transaction. If that thing can happen, people will have so many choices to pay, and they can also use USDT as the payment system. Besides that, I guess people will feel happy if they can have another option to pay.
Well many countries are still able to invest in crypto using VPNs and such but government's power isn't just up to that. We never know what can they still do against crypto one day. For now we can see their regulations to crypto selling at some countries by imposing KYC policies which is kinda centralized idea that defeats the idea of decentralization that we know that crypto possesses that attribute.
It might depend on some country whether their government legalizes or not though.
It might depend on some country whether their government legalizes or not though.
We still yet don't know what will happen but we can see there are government approving cryptocurrency. It just up to how open the government is in adopting the new technology. Time will tell if the market will even be alive because right now, it looks like only few giants are controlling the cryptocurrency which is why China can just buy them all.
Well many countries are still able to invest in crypto using VPNs and such but government's power isn't just up to that. We never know what can they still do against crypto one day. For now we can see their regulations to crypto selling at some countries by imposing KYC policies which is kinda centralized idea that defeats the idea of decentralization that we know that crypto possesses that attribute.
It might depend on some country whether their government legalizes or not though.
It might depend on some country whether their government legalizes or not though.
Will possible see bitcoin become legal transaction depend when bitcoin can break to higher price, if every day bitcoin keep going down forget with government never give access to bitcoin become legal transaction, how ever is not good moment talking about bitcoin legal or not because price still down.
Bitcoin is not a legal transaction although the government is just banning it just because they are afraid of something new may happens about the bitcoin and cryptocurrency adaptation of the people. Maybe the people or the government call it as legal transaction once it may use to different kinds of transactions which includes about illegal buying of items or illegal just like drugs and etc which can be used on the black market.
Will possible see bitcoin become legal transaction depend when bitcoin can break to higher price, if every day bitcoin keep going down forget with government never give access to bitcoin become legal transaction, how ever is not good moment talking about bitcoin legal or not because price still down.
Think of the way governments tries to Establish different regulations and laws on Bitcoin this leads to see the feuture of Bitcoin will be good more than the way we think. Government should not underestimates people's Power and Bitcoin strengthen by It's users
Probably they tend to go the other way round. Many of these government had one time or the order to kick against the existence of Bitcoin though kudos to the entire community behind the said technology. Well, they have tried their very best in bringing in regulations into the cryptocurrency industry and some of these regulations are still with the community. To me, nothing has changed in regard to these regulations as the technology grow stronger with it community.
the government certainly has the right to take the best steps so that they do not experience problems but they also understand that cryptocurrency is very fast and cannot be dammed. instead they should use it for a better step because clearly they are more advanced. many have begun to use the feuture, for the sake of more progress.
cannot prevent this community but must instead embrace for the common good.
There are many reasons why government in many countries do not legalize Bitcoin or other cryptocurrencies. First is about concerning to their society, how the citizen condition in the country. Are they ready for such great technology developmemt? Sometimes, many are still not good enough in technology.
Then, it is about their consideration on the stability of the financial syatem of the country. This may be an issue that is always revealed, including the fear of using crypto as one of the ways for money laundrying and other crimes around the world.
However, personally, I also believe that there will be many more people and countries in the worldwide that are aware of the importance of the technology development. So, it is waiting for the time flies, many more countries will concern with crypto and accept it or legalize it. Hopefully..
Then, it is about their consideration on the stability of the financial syatem of the country. This may be an issue that is always revealed, including the fear of using crypto as one of the ways for money laundrying and other crimes around the world.
However, personally, I also believe that there will be many more people and countries in the worldwide that are aware of the importance of the technology development. So, it is waiting for the time flies, many more countries will concern with crypto and accept it or legalize it. Hopefully..
So far, governments have recognized that decentralized cryptocurrencies do not pose a threat to global financial stability and do not take any measures against it. They look more closely at it and evaluate it and make the first attempts at its general regulation.
Depending which government you're looking at, and I rather think they're less concerned about global scale than national scale. Every state that's taken a move against Bitcoin has been worried about the effects of their own national monetary system (I'm thinking India, Iran, Venezuela as most recent examples). Regulation, when it doesn't come from the will of the people, is a reaction born out of fear.
Although the government recognizes the power of bitcoin, but I don't think the government will be that easy to accept it.
Think of the way governments tries to Establish different regulations and laws on Bitcoin this leads to see the feuture of Bitcoin will be good more than the way we think. Government should not underestimates people's Power and Bitcoin strengthen by It's users
Governments of the most countries are trying to establish new laws and regulation on Bitcoin and crypto trade. This situation isn't good for the crypto lovers because we live in a country and if govt imposes such hard rules, we have to fear of our punishment if we can be caught by law enforcing agencies. Although Bitcoin transaction and trade are fully controlled by the users and here the govt has no control but it should be bear in mind that govt rules play a vital factor in the society.
Crypto regulation is something to give help to minimizing scamming issues but the problem is that this not their priority. I know they are watching how the crypto market develops and how this new digital currency gives a huge influence on the people and to the market as well. May they are not giving much time for crypto and never appreciate it this time but I believe that they'll be changing their minds in the coming days and see the important that crypto can do if the adoption is getting wider.
For me, I think they can regulate the bitcoin instead they can now make a lot of ruling about the cash in and cash out for their users because they want to avoid many people use this kind of blockchain transaction just to transfer a massive amount of money immediately because we all know that the bitcoin is one of the fastest and secure transaction and sometimes those wallets we are using more not require too much information of their users and many people can use this as an advantage to transferring a vast amount of money.
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