War on cryptocurrency! - page 26. | Bitcointalksearch.org

Pattart

hero member

Activity: 1190

Merit: 500

Quote from: 1kings on May 30, 2018, 02:24:01 PM

They'd call ceasefire when they gain control of cryptos.
They'd shift grounds when you pay them taxes.
They'd give you room to play when you need licenses and permits from them to get involved in cryptos

Your government want your money.

Yeah that's the key. actually the root of the problem from the government's ban on bitcoin is about finance right? because the government is afraid of many people hiding their income and not paying taxes and allowing huge losses to the government? the government just wants your money. if you want freedom to use bitcoin then you should be prepared with taxes

marcbitcoins

full member

Activity: 854

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Quote from: mikan111 on January 16, 2018, 04:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

Most likely they think that Bitcoin is a threat to the country that they are afraid because crypto is decentralize specially that the transaction is difficult to trace in which they are afraid that it might be use in illegal activities like money laundering, smuggling and fraud investments. Fear is the main reason but to think that this fear can be overcome if they will just regulate it well this investment.

Tynovten_

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There are always pro nd contra of course the government so far hasn't been able to how to count the tax collection of crypto. That's one reason crypto continues to be rejected. Not only that to stop crypto steps a lot of speculation is raised. But it doesn't decrease the intention of new investors to come.

andriarto

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Activity: 1344

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Quote from: andrei56 on May 31, 2018, 09:52:29 PM

Quote from: deppil on May 30, 2018, 03:10:54 AM

Quote from: valentine401 on May 28, 2018, 08:19:45 PM

Quote from: mikan111 on January 16, 2018, 04:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

They can start a way but they will never win just like drugs that they can remove in their own country, cryptocurrency is helping the lives of different people so they will not be able to stop people because it was a good thing for everyone.

Thats true. the government can do anything to prohibit the use of bitcoins such as creating rules and laws for cryptocurreny. but you know that bitcoin transactions can be used undercover. although the government forbid bitcoin. it will not make bitccoin die. users still easily make anonymous transactions

Even if a government forbids something it is very difficult to catch people doing it, people can take a lot of measures to mask their bitcoin usage and unless it is forbidden all over the world they will always find a way to circumvent the laws, if governments cannot stop piracy over the internet they will not be able to stop cryptocurrencies at all.

there is always a way to Rome, maybe that's a good proverb. besides that i think technological development can not be prevented, then later the government will allow it also and make regulation of cryptoworlds

AsianNapoleon

copper member

Activity: 47

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there's no way Govt can control us

andrei56

sr. member

Activity: 840

Merit: 254

Quote from: deppil on May 30, 2018, 03:10:54 AM

Quote from: valentine401 on May 28, 2018, 08:19:45 PM

Quote from: mikan111 on January 16, 2018, 04:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

They can start a way but they will never win just like drugs that they can remove in their own country, cryptocurrency is helping the lives of different people so they will not be able to stop people because it was a good thing for everyone.

Thats true. the government can do anything to prohibit the use of bitcoins such as creating rules and laws for cryptocurreny. but you know that bitcoin transactions can be used undercover. although the government forbid bitcoin. it will not make bitccoin die. users still easily make anonymous transactions

Even if a government forbids something it is very difficult to catch people doing it, people can take a lot of measures to mask their bitcoin usage and unless it is forbidden all over the world they will always find a way to circumvent the laws, if governments cannot stop piracy over the internet they will not be able to stop cryptocurrencies at all.

queenlaurel

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Activity: 182

Merit: 1

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

The government won't accept why they can't control or gain from. The government as a whole is made up of human beings who makes decisions for their people and if the government of that country says no then it's no. Bitcoin will not give them access to people's account, again it will be difficult to collect tax and monitor transactions since it's a personal thing.

Sam02Sung

newbie

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Wars on cryptocurrencies would just be a never ending war. Crypto is the true people's champion and the importance of blockchain is being realized daily.

7788bitcoin

legendary

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Quote from: 1kings on May 30, 2018, 02:24:01 PM

Your government want your money.

The main thing any government wants is the complete control over their population and this market could interfere in their political and economical system and so is the reason some countries are against these sort of development and they see it as a parallel economy and used for illegal activities but the truth are far from it.

meqnurgn

newbie

Activity: 89

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I think most countries are neutral on the attitude of bitcoin, and the government is worried about bitcoin's destruction of the existing economic order, but it also knows the obvious benefits of encryption. Maybe let everyone accept bitcoin needs our community to continue to work hard.

1kings

member

Activity: 187

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They'd call ceasefire when they gain control of cryptos.
They'd shift grounds when you pay them taxes.
They'd give you room to play when you need licenses and permits from them to get involved in cryptos

Your government want your money.

bitgov

sr. member

Activity: 1554

Merit: 260

Quote from: mikan111 on January 16, 2018, 04:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

I think that the most important reason is that goverments can't "earn" anything by doing so and taking profit from it hasn't got any taxes in most of the countries so it will be easier to ban them than to change law for them.

Gila uang

newbie

Activity: 168

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Quote from: mybtcasset on May 26, 2018, 05:39:54 PM

most of government are trying to understand how cryptocurrency work in the positive environment and collect taxes sooner or later they may regulate crypto currencies

I think it will not happen. They can only place taxes in the purpose of easier transactions.
I agree. The government wants to impose a tax on every transaction from crypto to fiat currency. Without taxes it is illegal for them.
As they begin to impose taxes, banks will surely fear that crypto will eventually replace fiat currencies.

Fretcy

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Activity: 395

Merit: 100

The Governments of certain countries are declaring war against crypto currencies as they do not have any authority over the bitcoin and block chain technology as the network is a decentralized network and they fear that due to high anonymity of the bitcoins users the Governments will not be able to earn from the bitcoin network as tax, secondly the Governments and the Central banking system see this bitcoins and other crypto currency as a disruptive technology which has brought a tremendous change in the outlook of the financial industry.

yuukireit

newbie

Activity: 157

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agree is that was an overstatement, practiclully right now still having a many crypto currency that applied in many invention, if this is a pure competition we must see what project with the best roadmap can move on

Bagaji

sr. member

Activity: 1330

Merit: 291

I don't see as war against bitcoin but an advert in favour of bitcoin and crypto currency at large and you can see in recent time that many of those countries in question are now trying to regulate crypto currency at a close look at the benefit inherent in crypto currency.

pendekar cinta

full member

Activity: 490

Merit: 100

Surely a country that opposes the existence of bitcoin is worried if the majority of the population is more utilizing digital currency as a means of transaction so to anticipate the occurrence of such incidents the country as soon as possible want to destroy the world of cryptocurrency and not until experiencing developments in countries that deny its existence.

tanghere02

sr. member

Activity: 518

Merit: 250

They are most likely ignorant or does not know anything much about cryptocurrencies or they feel threatened of these cryptocurrencies and they can't do anything about it yet because it is not legalized nor regulated yet.

Bitcoinsupervisor

copper member

Activity: 210

Merit: 2

Quote from: mikan111 on January 16, 2018, 04:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

I think this is because the governments is afraid of new changes, and the fact that bitcoin will supersede the fiat currency.

Blondy12

full member

Activity: 364

Merit: 100

Quote from: aardvark15 on January 16, 2018, 05:47:08 PM

Quote from: mikan111 on January 16, 2018, 04:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

Governments don’t understand Bitcoin and want to control it. It is true that Bitcoin and other cryptocurrencies will be disruptive to banking as we know it. This makes them want to hold Bitcoin back. Governments also want to make sure they get their taxes from us as well.

Absolutely true mate. Government will not banned or make bitcoin illegal as long as they can collect taxes from it. Mostly the reason behind the illegality of bitcoin declared by the government is because they are having a hard time to trace every bitcoin transactions and to how they can collect taxes from the holders not unless the holders itself converted their bitcoins into fiat. But as long as it remains cryptocurrency in the wallet it is decentralised and controlled by the owners itself only.

Topic: War on cryptocurrency! - page 26. (Read 4256 times)