Topic: What will happen if Bitcoin gets official permission from the government...??? - page 6. (Read 2305 times)
September 27, 2018, 01:19:52 PM
Bitcoin is a modern currency and it has own transaction system. There is no need for the third party for the transaction and that is why bitcoin is the most popular cryptocurrency in the world. Gradually people become more interested in bitcoin. But because of government law, people do not believe in bitcoin completely and some people become afraid to invest in bitcoin. If bitcoin gets official permission from the government, Bitcoin will spread among the general people and it will become the main currency in the world.
September 27, 2018, 10:10:12 AM
At that time, bitcoin and altcoin will definitely become a fast international payment system, then, if anyone holds Bitcoin and altcoin! will become a successful investor!
September 27, 2018, 10:01:23 AM
if that happen, bitcoins need to be centralized and open to all countries so they have possibilities to be legalized in the whole society. In that case bitcoin will be open to all community
And still in that case, those who have spent a long time in existence in bitcoin, they will begin to give up the game when there is government presence, governments have no reason to accept bitcoin unless they receive great benefits from it. And the benefits here can only be control and taxation on each transaction, many will not accept it, endeavor and work relentlessly every day to devote to the government, this is not fair, instead of helping the government get richer, I volunteer to become poorer 
September 27, 2018, 10:00:12 AM
I think the bitcoin transactions of government investors can not control it. The government can not access the transaction because it is anonymous. So, if the government accepts bitcoin, the government can not impose any taxes on bitcoin. What I expect here is that when the government realizes that the positive aspects of bitcoin help the economy of their country grow, they will accept bitcoin.
September 27, 2018, 09:41:48 AM
Bitcoin is an independent Cryptocurrency that no other third party takes advantage of transactions from two sides. This is a peer to peer transaction conducted by sellers and buyers only. Cryptocurrency transactions do not need to be identified or verified by the recipient of the funds when the funds are sent, that is what makes many people choose to use bitcoin.
Does the government mix in managing transactions for each user?
If the government mixes in managing transactions, will they take advantage of every transaction
What is your opinion.?
Does the government mix in managing transactions for each user?
If the government mixes in managing transactions, will they take advantage of every transaction
What is your opinion.?
we will never know what happens if bitcoin has been adopted in all countries, of course the value will explode high. but most likely each country will have its own crypto and therefore the crypto market can be stable. yes. so I think it's going to wait for him
September 27, 2018, 09:25:37 AM
if that happen, bitcoins need to be centralized and open to all countries so they have possibilities to be legalized in the whole society. In that case bitcoin will be open to all community
September 27, 2018, 09:24:06 AM
I think the government will never accept bitcoin. If they accept bitcoin it means they kill themselves. Because they can not control bitcoin. They can not access and control bitcoin transactions.
Yes, even though they might trace it, or the bitcoin address owner they cannot still or will never still stop all transactions using the blockchain network.
September 27, 2018, 09:17:24 AM
I think the government will never accept bitcoin. If they accept bitcoin it means they kill themselves. Because they can not control bitcoin. They can not access and control bitcoin transactions.
September 27, 2018, 08:49:20 AM
That will cause so much discomfort for bitcoin users and that will bring about regulation in it which wont be good for me government do not have to get involved so the system does not go sour
September 27, 2018, 07:56:42 AM
The country that will accept bitcoin, will help both its economy and people who are engaged in this field , the country will provide exchangers as well as make bitcoin as a means of payment for services.
September 27, 2018, 06:59:23 AM
Bitcoin is impossible to control and track ! The idea was that it should be decentralized and work anonymously !
September 27, 2018, 06:29:05 AM
it means you will be required to pay tax for the amount of crypto you hold and if you do not comply with it you may be jailed for tax invasion. also when government fully in control, there are possibility that issue of scam and use of the coin for dubious activities will reduce because all transactions will be monitored and can be traced to the owner. this is probably an advantage but I do not think many of crypto owners want this because if this is so then crypto wont be anonymous in the first place
September 27, 2018, 05:34:29 AM
I believe that in no case should the government interfere in the activities of the crypto currency because it completely contradicts the idea of the creator and the technology of bitcoins and other coins
September 27, 2018, 05:18:04 AM
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Bitcoin is an independent Cryptocurrency that no other third party takes advantage of transactions from two sides. This is a peer to peer transaction conducted by sellers and buyers only. Cryptocurrency transactions do not need to be identified or verified by the recipient of the funds when the funds are sent, that is what makes many people choose to use bitcoin.
Yes, You said well, everything you said is true, but remember because of these features it can be used for bad purposes, so if the government allows or lift the ban from bitcoin/cryptocurrencies then this will happen and government cannot do anything as they have themselves allowed everyone to use it.
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Does the government mix in managing transactions for each user?
Well then It will make it more complex and more unsecure for the users and also it will become just like bank transactions.
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If the government mixes in managing transactions, will they take advantage of every transaction
Obviously, If the government involved in managing the transactions they will put some software or some people on it so they need some money they will use the money from the transaction.
My opinion, It should not happen, but I think it has to be done, but not like that like Government gets involved in every transaction instead government should do something like they can add some tax on transactions or they ask the people to pay the amount of tax so they can be safe without any worries, they cannot be accused of it anytime in future.
September 27, 2018, 05:08:06 AM
If bitcoin gets an official permission from our government it increase the possibility that it make our bank disappear because it will be legal worldwide.
Hm .. here in Germany the cryptocurrencies absolutely accepted as a payment instrument, but the most people still trust the bank more than Bitcoin
I think it needs more than only permission from any government to make cryptocurrencies popular. 
September 26, 2018, 08:08:15 AM
Bitcoin is an independent Cryptocurrency that no other third party takes advantage of transactions from two sides. This is a peer to peer transaction conducted by sellers and buyers only. Cryptocurrency transactions do not need to be identified or verified by the recipient of the funds when the funds are sent, that is what makes many people choose to use bitcoin.
Does the government mix in managing transactions for each user?
If the government mixes in managing transactions, will they take advantage of every transaction
What is your opinion.?
I think the governments might be not get a full advantage from bitcoin, but im sure that they will get the easiness system from bitcoin. Does the government mix in managing transactions for each user?
If the government mixes in managing transactions, will they take advantage of every transaction
What is your opinion.?
September 26, 2018, 08:07:01 AM
surely what will happen is in terms of the country's economy, because with bitcoin being legalized by the government the economy can increase and its population which is difficult to get a job can be helped by bitcoin. because bitcoin is a myriad of jobs that promise results
September 26, 2018, 08:04:19 AM
Bitcoin is an independent Cryptocurrency that no other third party takes advantage of transactions from two sides. This is a peer to peer transaction conducted by sellers and buyers only. Cryptocurrency transactions do not need to be identified or verified by the recipient of the funds when the funds are sent, that is what makes many people choose to use bitcoin.
Does the government mix in managing transactions for each user?
If the government mixes in managing transactions, will they take advantage of every transaction
What is your opinion.?
Does the government mix in managing transactions for each user?
If the government mixes in managing transactions, will they take advantage of every transaction
What is your opinion.?
If bitcoin gets an official permission from our government it increase the possibility that it make our bank disappear because it will be legal worldwide.
September 26, 2018, 07:40:29 AM
If the government allows bitcoin, then this will benefit the people who are engaged in this area, which means that in this country it will be possible to pay and conduct transactions using crypto currency.
September 25, 2018, 08:10:45 AM
I don’t think bitcoin will get an official permission from the government for so many reasons. One of the reason is that tracking bitcoin users is extremely difficult. Also bitcoin is volatile and cannot be controlled it is also unpredictable for what it is worth.
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