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 641 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.
It's a very generic way to discuss this, but ok, I'll be short too
If governments make BTC transaction, withdraws and deposits illegal, BTC will almost end, only some people will pay and receive BTC for most illegal practices
Would you risk to be arrested having BTC?
Most of the people won't
We have to be realistic, it's a utopia think that people will keep using BTC risking to be arrested
Totally agree with you. It is enough for governments to introduce one single ban and all cryptocurrencies will lose their value. Who will need them if all kinds of sanctions are imposed on people for their use?If governments make BTC transaction, withdraws and deposits illegal, BTC will almost end, only some people will pay and receive BTC for most illegal practices
Would you risk to be arrested having BTC?
Most of the people won't
We have to be realistic, it's a utopia think that people will keep using BTC risking to be arrested
I think this is the scenario that happened in India, because people fought for crypto, the government lift the ban and I think it happened this year.
So eventually the government will be fair and people will win, unless you are living in a country where there is a dictatorship.
I like that BTC is decentralized. Some countries that tried to ban it failed. Perhaps in the future, governments will be able to find a way to control bitcoin better.
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
Being optimistic isnt bad but we know that government doesnt really like Bitcoins existence thats why we have seen that each country does have its own view towards bitcoin- Some do recognize it but
most of them totally ban it or getting rid of.
Bitcoin is a thing that opposes centralization on where government is doing.So its just normal for them to have such measure since they do know the threat that can impose against them.
Adoption is on the move though but we cant totally see its total potential as long there would be blockage from the government..
It should start with us, bitcoin supporters, the key for the bitcoin's success and mass adoption is when we work together as one in promoting and advertising the benefits of cryptocurrency in the community. We should think of a unique and effective strategy for us to persuade the government to implement it in their country. If they are knowledgeable enough about the use of crypto, they will notice it when the right time has come. Our aim is the government to have trust in the bitcoin in helping its economy to grow, every people should try to use bitcoin and let its effect decide their decision if it is good or bad in their economy. Don't make any conclusion if you don't experience using bitcoin in your investment and transactions yet.
It's a very generic way to discuss this, but ok, I'll be short too
If governments make BTC transaction, withdraws and deposits illegal, BTC will almost end, only some people will pay and receive BTC for most illegal practices
Would you risk to be arrested having BTC?
Most of the people won't
We have to be realistic, it's a utopia think that people will keep using BTC risking to be arrested
Totally agree with you. It is enough for governments to introduce one single ban and all cryptocurrencies will lose their value. Who will need them if all kinds of sanctions are imposed on people for their use? If governments make BTC transaction, withdraws and deposits illegal, BTC will almost end, only some people will pay and receive BTC for most illegal practices
Would you risk to be arrested having BTC?
Most of the people won't
We have to be realistic, it's a utopia think that people will keep using BTC risking to be arrested
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. This refers to the FATF recommendation of June 21 last year, which is aimed at laundering dirty money and financing of terrorism. Many states are now working on the creation of their national stable coins, which is very good for cryptocurrency, although stable state coins will seriously compete with decentralized cryptocurrency as a means of payment. It seems that governments do not intend to actively deal with cryptocurrency yet. And there time will tell. So far, the current state of affairs is quite favorable for cryptocurrency.
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
The government will not do much but just to legalize or regulate it in the country.
They don't care about the future, they don't care who uses it but what they are planning to do is to take care of their citizen who uses it. Here in our country, Bitcoin is legalized and there is no development of sorts for a long time now. Right now, they are busier and focussing more on the pandemic that is happening. Despite the legalization here, people are not really using 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
But I don't that they are going that way, instead, they act differently as what you think. If you can hear a lot of countries are banning crypto it simply means that they are not appreciating Bitcoin but they would like to stop its development. Well, that could be a harsh think it happens. Besides, we need their support but it was a big opposite they give to us in return. And I believe that the government still has the power to control their people and so their activities.They won't do that if many people use bitcoin, and I think the government will know about that. They will consider lifting the ban if people like to use bitcoin because they will think about the people's power that can push them to accept bitcoin. The government are not appreciating of bitcoin because they don't learn bitcoin yet or they do not yet found the advantages of bitcoin to their country. The government will support bitcoin one day, and we don't have to worry. Meanwhile, we need to focus on making more and more bitcoin from now on, so when the time comes, we will be ready, and we can sell our bitcoin.
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
But I don't that they are going that way, instead, they act differently as what you think. If you can hear a lot of countries are banning crypto it simply means that they are not appreciating Bitcoin but they would like to stop its development. Well, that could be a harsh think it happens. Besides, we need their support but it was a big opposite they give to us in return. And I believe that the government still has the power to control their people and so their activities. 
Bitcoin is surrounded by pros and cons. Its working system, which is contrary to the centralized system that has been established since decades ago, made most of the government provide anticipatory steps and strict legislation. The money circulating in the crypto world currently reaches billions of dollars, so a ban on this is not the right choice, so the government is only able to compensate it with legislation. As good citizens, we must obey government rules, learn the rules well, and find the most effective and suitable way for your efforts to earn money from cryptocurrency.
Bitcoin does offer "freedom", but rebellion and lawlessness are not part of freedom. Be smart people
Bitcoin does offer "freedom", but rebellion and lawlessness are not part of freedom. Be smart people
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
Being optimistic isnt bad but we know that government doesnt really like Bitcoins existence thats why we have seen that each country does have its own view towards bitcoin- Some do recognize it but
most of them totally ban it or getting rid of.
Bitcoin is a thing that opposes centralization on where government is doing.So its just normal for them to have such measure since they do know the threat that can impose against them.
Adoption is on the move though but we cant totally see its total potential as long there would be blockage from the government..
ery true time will tell how the development of bitcon is happening in the future, whether there will be regulations imposed by the government
against bitcoin. So that the government can accept and support bitcoin, because bitcoin can be a solution to prevent the spread of corona viruses,
because bitcoin transactions do not require physical contact.
I guess the government will consider looking to this one since the outbreak was clearly a sign of declining economy, not only because fiat requires a physical contact but bitcoin helps through times like this, a lot. Massive adoption is what I'm talking about, even with or without this pandemic the government should offer their people the best possible ways of living, and it is easy with cryptocurrencies. Gold and Cryptocurrency is a killer of possible recession I think. against bitcoin. So that the government can accept and support bitcoin, because bitcoin can be a solution to prevent the spread of corona viruses,
because bitcoin transactions do not require physical contact.
ery true time will tell how the development of bitcon is happening in the future, whether there will be regulations imposed by the government
against bitcoin. So that the government can accept and support bitcoin, because bitcoin can be a solution to prevent the spread of corona viruses,
because bitcoin transactions do not require physical contact.
against bitcoin. So that the government can accept and support bitcoin, because bitcoin can be a solution to prevent the spread of corona viruses,
because bitcoin transactions do not require physical contact.
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
The people's power will strengthen Bitcoin?Really? 98% of all Bitcoin users are using BTC only for the perspective of making more money.If that perspective is gone,they will dump Bitcoin pretty fast.
I guess you are overestimating the "power of the people".
Anyway,regulations should be followed,only if they are good for the cryptocurrency ecosystem.
If they are bad,all the hardcore BTC supporters(probably 2% of all BTC users) will move into the darkweb and continue using BTC.
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
you are right.. bitcoin& some other cryptocurency will be made future payments used in many country,i think... its can be good choise beside save a golds... but they have a high fluctuation price.. so beware used your money fwhen playying crypto
Here's one thing. We need to make the government understand the advandltage of bitcoin over fiat (I know you'll say that they are aware already, and that why they are playing deaf ears) but then, that's almost the only way. No matter what we do, if all government says that they do not want bitcoin to he used by their citizens, bitcoin would fall and break to pieces because it'll have a lower demand. In summary, I believe the government have more power than we do. I don't even think we can win this in a protest. We need the government to cooperate too for bitcoin to bloom better. Amen
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
The governments will soon realize that since Bitcoin is the money chosen by the people themselves with absolute freedom and without the slightest amount of coercion, they will recognize it. Bitcoin is not something imposed on us by some kind of government or ruling power and authority. It is there not even calling us. It is just right there sitting passively as an alternative to what is globally accepted. And yet people freely choose it. We are the ones who will show and demonstrate to the governments that we are choosing Bitcoin.
As long as the people who are in their respective governments can also make money off it, we won't see any strong regulations trying to kill or stop crypto. The honest truth is there is too much tax money, jobs and industry around crypto now to kill it without damaging yourself more.
Financial freedom is important most especially if your intention is to help other people in times of need. The government should really know the true value of bitcoin in the economy because it will really increase or improve their economic state once implemented in their market. Unfortunately, the reason why some of the countries are still not legalizing the cryptocurrency in their economy is because of the mindset that they have in crypto and fiat. Maybe they think that cryptocurrency is just a scam that's why they never try to explore, and study it. We are the one who can change that mindset by promoting and advertising the true advantage and effect of crypto to the community and economy of a country. We are the one who can demonstrate it so that they will see how this crypto works.
Well, tbh, I'm more opt right now to a mix of both as useful for my everyday life. I mean, yea, I was at first hoping for full integration of a system run by a community, but erm, this might ruin the entire concept of development which is done by the government. Yes there are tons of friggin corruption done here and there, much so that accounts of usages of tax and the like aren't most likely equal to the ones they are showing. The idea of crypto is innovative, as you can see with how many companies and countries are thinking of the idea itself and how they could put it to their advantage, but as a country itself, without the support of a governing body (even if it wasn't the government, some other form or something idk), improvement of facilities and faculties of different parts might be difficult. I'd be more favored to the idea of BTC erm, changing the position of USD as the top? maybe? but still, countries have their own currency to be used for daily transactions.
I think that due to the current situation, Bitcoin will have more recognition and uses worldwide. But we have good news. Canada launched its first public Bitcoin fund $ 1.5 million in the Toronto Stock Exchange. This negotiation was being prepared 3 years ago. Now, investors don't have to worry about Bitcoin's security and custody. This event will provoke a boost to Bitcoin soon and, as you say, "Time Will Tell."
https://cointelegraph.com/news/first-public-bitcoin-fund-listed-on-toronto-stock-exchange
https://cointelegraph.com/news/first-public-bitcoin-fund-listed-on-toronto-stock-exchange
Yes, time will tell. The government cannot deny the cryptocurrency although they don't accept it right now. There will be more adoption in all countries, and the government will see that bitcoin will be used as the payment method. Perhaps, they cannot see it happens in reality but they can see it happens on the internet as we will see that the merchant trying to add cryptocurrency as an alternative payment. I prefer to see cryptocurrency can work together with fiat money, and people have a right to choose what payment system they want to use to pay the products.
But like the Title "Time Will Tell" because the truth is People here in Crypto market did not Join force until now.
this is why Whales is still winning over us .
this is why Whales is still winning over us .
I think the whales are not the real enemies here. Being a whale is not a mistake nor a curse for the others, actually they are helping the market to rise. Well, we can say that what benefits their actions the most are themselves of course but at the end of the day they are all called adopters like us (small investors). Meaning, they are part of the crypto revolution
. Whether you are a whale or just a "fish", we are part of the crypto sphere. If there is an enemy then I think that would be the challenge of encouraging everyone to try blockchain tech.
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
The people are the government, remember. The officials of government are collectively chosen from the people to represent the larger population. So, until those who love Bitcoin at heart are chosen into government the situation isn't going to change tremendously. Now imagine getting top members of BTT in the majority into government of their respective countries. Your guess is as good as mine of the direction Bitcoin legislation will go.However, despite the odd, I know things are gradually changing and soon the mass adoption we seek will materialize. It's just a matter of time.
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
But like the Title "Time Will Tell" because the truth is People here in Crypto market did not Join force until now.
this is why Whales is still winning over us .
But i support your claim that when time comes that we will stand together?then thats the time that Bitcoin will rule the Financial market.
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
Yes you are right i think. You will see, government could not prevent cryptocurrency transaction where strictly prohibited to use by central bank. But people using it silently. As a result government losing their revenue. But must think that, if there a guideline, people would follow that and revenue also would come. I think gradually all government will realize it and cryptocurrency acceptance will spread.
From what we've seen so far there's almost no question about the future of cryptocurrency in general. This is much too of an innovative concept which solves the cause issue of the financial system like corruption and so on. Crypto is what the future needs and it matters not if that'll be BTC or some other crypto coin, so in essence time will demystify this nonsense as more and more governments will get to understand that changes come with time, and inventions are needed in order to continue humanity's course of existence.
Time could really tell everything, we need time and space because everything in crypto is really unpredictable. If we are going to take a look back on year 2009 there is no way to say that bitcoin could reaches its price today. Because who knows that after the few years its value become very big and maybe it will become more bigger someday only time can really tell us, we are free to make predictions but it is really hard to tell the exact time so we need to observe and take some time to learn more about crypto.
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.
Yeah, I agree. Although their authorities to get on their seats came from our votes (if democracy is being exercise) once they established a law, it will be absolute, and defying would mean into punishment that is how it will work. Government is the most powerful authority a country has, you must remember that. Beside, they won't hold back to ban it as if the whole country totally depends in it. In addition
the government prioritizes tax, and economic growth thus industry jobs and/or businesses must be held top pick rather than a job/sidelines that a government won't benefit.
Btc maybe Everyone's favourite investment to make money, I doubt will get the kind acceptance from the government like many people are expecting, at least not yet, because if we take a good look at btc, it is too volatile and easily manipulated by a few that makes it not suitable for anything regarding transactions, in a way, there need to be some form of regulation for the right people to come.
This might actually start becoming a problem after the pandemic. The pandemic is pushing the governments to introduce serious restrictive measures, including major privacy violations, in order to combat the spread of the disease. The measures that have already been introduced would have been unthinkable months ago on democratic states.
Haven't thought about this deeply yet, but on the top of my head, I don't think so. If they were to illegalize bitcoin due to privacy reasons concerning the pandemic, it would make a lot more sense if they start with banning physical cash first. First, it's more private(and anonymous), and it's physical hence the virus can spread through it. Going to straight to banning bitcoin because of these reasons makes zero sense. Unless they just use the pandemic as a sort of excuse to ban bitcoin.
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.
It's a very generic way to discuss this, but ok, I'll be short too
If governments make BTC transaction, withdraws and deposits illegal, BTC will almost end, only some people will pay and receive BTC for most illegal practices
Would you risk to be arrested having BTC?
Most of the people won't
We have to be realistic, it's a utopia think that people will keep using BTC risking to be arrested
Ya right ...if thinking practically every one will scare using btc if government make it illegal....why would one use it risking his career and life with it....we need the support of the government as well If governments make BTC transaction, withdraws and deposits illegal, BTC will almost end, only some people will pay and receive BTC for most illegal practices
Would you risk to be arrested having BTC?
Most of the people won't
We have to be realistic, it's a utopia think that people will keep using BTC risking to be arrested
Gradually the government is recognizing how usable bitcoin is.
Usable as an investment to cater tax from the people who will earn from it.
And as a means of payment that doesn't need any third party which they will take the benefit of it from the receiver too because of the same thing, taxes.
Usable as an investment to cater tax from the people who will earn from it.
And as a means of payment that doesn't need any third party which they will take the benefit of it from the receiver too because of the same thing, taxes.
Government should not underestimates people's Power and Bitcoin strengthen by It's users
It goes both ways. While the government can't kill Bitcoin for obvious reasons, it can definitely HEAVILY cripple it's adoption. Imagine if the US government declares ownership of bitcoin to be illegal? It's almost guaranteed for it to drop the price and adoption. Regardless how likely or unlikely it is, it seems like people aren't taking this into consideration when investing in bitcoin.
In the early days of bitcoin, all moves by the government were generally against the proliferation of said cryptocurrency on all fronts. While it was successful since there aren't that much places where one can spend their bitcoins to, the community who believes in bitcoin's value, together with speculators, traders and institutional investors are seeing it on a different light: as an asset. For now, governments may be thinking that bitcoin is just up to no good, but once the profit potential is there, their regulations would divert towards the way where they can make money off of it e.g. licenses for exchanges, services; personal taxes etc.
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?
There is a difference between banning and criminalization. While they can't ban Bitcoin for sure, they can definitely illegalize it. Imagine if the government said that anyone who is found owning(or transacting) bitcoin will be punished with 10 years in prison. I can guarantee a huge percentage wouldn't want to hold bitcoin. And sure I know they wouldn't know if you held it on a non-custodial wallet and such, but let's not forget that majority of people in this space are mostly speculators and are barely passionate about Bitcoin.
Though I also doubt a bit that the government wouldn't make such moves, let's not forget the laws in the past concerning hoarding of gold.
Actually we can force goverment to accept bitcoin if the bitcoin user always increasing day by day.
They will take an adventage to ask every bitcoin user to pay tax which I think they will benefited.
But currently, the user of bitcoin is still a little bit. There are a lof people who still doubt to use bitcoin and even they are afraid to using it.
The negative information against bitcoin still haunt them and they believe that bitcoin is not real which can dead at any time and make they lose money into it.
They will take an adventage to ask every bitcoin user to pay tax which I think they will benefited.
But currently, the user of bitcoin is still a little bit. There are a lof people who still doubt to use bitcoin and even they are afraid to using it.
The negative information against bitcoin still haunt them and they believe that bitcoin is not real which can dead at any time and make they lose money into it.
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?
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.
If a government is able to ban Bitcoin then you know it's weak common sense, rule of law, and the citizens are probably in deep sleep and ignorant.
If small section of a society decide to use stones for buying and selling, would you ban them too? Of course not. If a country succeed in banning people from buying and selling with stones or from "bartering" then you know it's capable of banning anything. It could even ban it's citizens from going to farm or working and nothing will happen. Such citizens are most likely under evil bondage.
Tyranny will come but not now! You should be making Bitcoin very secure and more decentralized to withstand most abuses and lawlessness.
Government should not underestimates people's Power and Bitcoin strengthen by It's users
It goes both ways. While the government can't kill Bitcoin for obvious reasons, it can definitely HEAVILY cripple it's adoption. Imagine if the US government declares ownership of bitcoin to be illegal? It's almost guaranteed for it to drop the price and adoption. Regardless how likely or unlikely it is, it seems like people aren't taking this into consideration when investing in bitcoin.
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
The regulation has already started, these exchanges that we are using is already an evidence that the government is accepting crypto, and more and more regulations will happen in the future, it will not happen right away, just like the adoption we are hoping slowly but we wanted it consistently. in the future, this market will mature with more regulation and this will be safer than anyone can imagine.
Not quite, good idea. We don't know yet if what will happen, if it will hurt the market now but indeed the regulation is what we needed.
Problem with the government is , even if Bitcoins at this time is doing a lot of good for the people they are far too proud to admit.
In a crisis , a time like this , government needs to understand the needs of people and lessen their strictness as a matter of fact this way Bitcoins will be able to work like it was designated for.
Trading have alone provided immense profit opportunities for the people around , additionally , people can sell their services online , overseas which is something that they cannot do with a centralized controlled network.
In a crisis , a time like this , government needs to understand the needs of people and lessen their strictness as a matter of fact this way Bitcoins will be able to work like it was designated for.
Trading have alone provided immense profit opportunities for the people around , additionally , people can sell their services online , overseas which is something that they cannot do with a centralized controlled network.
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.
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
The regulation has already started, these exchanges that we are using is already an evidence that the government is accepting crypto, and more and more regulations will happen in the future, it will not happen right away, just like the adoption we are hoping slowly but we wanted it consistently. in the future, this market will mature with more regulation and this will be safer than anyone can imagine.
Im thinking the same way too. Imagine if thr government will control the bitcoin and cryptocurrency which is imposisble in my opinion, they rather use it to benefit only their purse. You know how corrupt mostly those government people. I know Satoshi's goal is to let users free from using a conservative and sophisticated tech of blockchain to buy, sell or trade any things using his bitcoin and even fiat money. The only concern here is its legality since government wanted a controlled system for its system. Under these circumstances, and eventually happened we will see an end on its potential to be a useful digital currency that can be use on the future.
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
The governments will soon realize that since Bitcoin is the money chosen by the people themselves with absolute freedom and without the slightest amount of coercion, they will recognize it. Bitcoin is not something imposed on us by some kind of government or ruling power and authority. It is there not even calling us. It is just right there sitting passively as an alternative to what is globally accepted. And yet people freely choose it. We are the ones who will show and demonstrate to the governments that we are choosing Bitcoin.
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.
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.
12/4/2020 Upon checked some comments I saw some people still fear that this revolution may hindered by some governments obstacles but the emphise is the same dont forgot that there where some revolutions which might not be the same but power of the people won as it will happen On Bitcoin
12/4/2020 Upon checked some comments I saw some people still fear that this revolution may hindered by some governments obstacles but the emphise is the same dont forgot that there where some revolutions which might not be the same but power of the people won as it will happen On Bitcoin
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