What will happen if Bitcoin gets official permission from the government...??? - page 8.

stayeduptolate

hero member

Activity: 980

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Quote from: Exclusives on September 12, 2018, 12:45:37 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 Huh

What is your opinion.?

We all know that bitcoin is a decentralised crypto currency in almost all the countries and there are few countries where it gets legalised so being decentralised there is no such proper authentic regulating body over the bitcoin who could keep eye over all its activities and specifically the illegal one and this is the reason why most of the countries do not want to legalise it but when bitcoin will get officially legalised by the governments then there will be governments who will keep eye over all the activities of bitcoin and then it will become the currency with no defect and then will declare as the central currency world wide.

coolcoinz

legendary

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I just don't see how a government could be involved in managing bitcoin transactions. I see only 2 things that a government can do and these are tracking and taxation.
The aim of the government is to stay in power for as long as possible and find ways to make money. If they manage to get any control over Bitcoin they will try to tax it and remove anonymity by tracking transactions and identifying users.

Bakugan

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Look ARROUND!

Quote from: Exclusives on September 12, 2018, 12:45:37 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 Huh

What is your opinion.?

Even if that happens , of course not all people will choose bitcoin over banks. They think that banks are more safe, government will take advantage in every transactions. But I still dont think that it will be good for us and for bitcoin.

Baby Dragon

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OWNR - Store all crypto in one app.

Quote from: Exclusives on September 12, 2018, 12:45:37 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 Huh

What is your opinion.?

I think the number of bitcoin investors will increase if this happens why? Because people thinks that anything related to government is much safer like banks. Of course there is a chance that they take advantage on it.

SportaICO

newbie

Activity: 61

Merit: 0

Quote from: Exclusives on September 12, 2018, 12:45:37 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 Huh

What is your opinion.?

Tracking users and controlling the transactions will become an extremely difficult task for the government of any country.
And obviously, every authority wants to be aware of the transactions going on inside their borders.

ahmad21

sr. member

Activity: 672

Merit: 271

Quote from: Exclusives on September 12, 2018, 12:45:37 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 Huh

What is your opinion.?

That would be great for the entire country. People will be able to use or invest in Bitcoin without any fear. There are already so many countries which have legalized Bitcoin. But I don’t think so government is foolish enough to forget about their tax income. I mean with Bitcoin they cannot keep track of monetary transactions taking place. They will obviously come up with some changes before legalizing Bitcoin as a currency.

ace4549

sr. member

Activity: 699

Merit: 438

If BTC or any cryptocurrency will be passed on the government, the government will surely giving a law which people will be paying tax base on their crypto assets. Surely government will do that in many cases. First, for the country to be rich. Second, for the country may be globally competitive on other country since they were accepting cryptos and lastly to ensure the wealth of their own, corruption guys, lol.

ballerin and giroud

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With your statement before bitcoin is a decentralized system so that it cannot interfere with parties in every transaction used by each user. They cannot regulate the system that is in bitcoin so that not using the government, transactions using bitcoin will still run. This will cause every government to think thousands of times to accept bitcoin as a payment system because the government will always want to get a share of every transaction made by its people. And actually, bitcoin is used against a centralized system.

piedpiper06

newbie

Activity: 6

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We all know any support of the government in crypto will surely increase reliability on it. there will be mass adoption and more easier way for payments as well as added security. besides, if the country has a strong economy then we'll surely see a huge price bump.

Indrawan77

hero member

Activity: 1274

Merit: 516

Actually the interference from government will violated the purpose of bitcoin being created, but the bitcoin growth is too big and the government not really happy with something that they couldn't supervise, if the government could see the potential of bitcoin and adopted it, then it will increase the country's economic and we will have an easy, efficient and fast transaction payment for all over the world

Premooooo

jr. member

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Bitcoin is not legit every country but for sure is known and it means that it runs in your country and many use bitcoin as well as it is known by governments.

btccointalk

member

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Merit: 20

Quote from: Exclusives on September 12, 2018, 12:45:37 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 Huh

What is your opinion.?

Many of us will be happy if bitcoins gets official permission from the government. Bitcoins will become more popular and I think it will reach the door of every house. It is impossible for the government to interfere and so I don't want to assume anything.

ganjasmokingg

member

Activity: 255

Merit: 10

Quote from: Exclusives on September 12, 2018, 12:45:37 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 Huh

What is your opinion.?

Because the government can not get involved in people's transactions, they want to ban it. They can only get their taxes, but they can not control who the deal is and what the purpose of the btc user is. It is the benefit of cryptocurrency that it is very difficult for the government to accept it

sambel90129

newbie

Activity: 82

Merit: 0

Quote from: Choyor on September 12, 2018, 01:57:58 AM

When the government issues an official permit for Bitcoin, of course it becomes a policy that will be followed by everyone in the world because it will make it easier for Bitcoin users to do anything related to this digital currency technology. But the fact that there is currently still a country that has not fully legalized Bitcoin there are even countries that prohibit it.

we must understand why there are still many countries that have not legalized bitcoin to be a legitimate medium of exchange, a factor that wants to protect the value of the nation's currency so that it does not fall very likely, because the financial system of the country has not been well integrated, and most likely because it is feared that criminals do payment with bitcoin, reasons like that are usually considered by a country not to support the use of bitcoin legally

Hinugh

newbie

Activity: 110

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Quote from: quoctien1997 on September 12, 2018, 10:43:15 AM

If the allowed for the Bitcoin are allowed to save the width of the world, the help to allow the amount of their they like the legal law.

Bitcoin investors will increase once the government provide permission. Those who are afraid to invest nor to take a risk will change their mind and give trust to bitcoin. Only that, we might pay addtional tax for bitcoin or other charges. But scammers will be active even if it has permission from the government.

assy

jr. member

Activity: 110

Merit: 1

In my opinion, this is not good, because if you get official permission from the government, bitcoin will be charged additional fees, such as taxes, and so on. Our balance in the wallet will also be seen and this is not safe, in my opinion bitcoin must be independent, there should be no third party.

Abal Abal

full member

Activity: 602

Merit: 100

Quote from: Exclusives on September 12, 2018, 12:45:37 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 Huh

What is your opinion.?

of course the government is able to manage the transaction, and take advantage of all transactions, this will be good for everyone. both users and government.

Eureka_07

sr. member

Activity: 1764

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Binance #SWGT and CERTIK Audited

Quote from: Exclusives on September 12, 2018, 12:45:37 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 Huh

What is your opinion.?

Government has no scope with bitcoin but if government approves bitcoin into a country. Many citizens of it would be glad because the price of bitciin will surely pump. More people will know bitcoin and more of them will patronize it.

karloscimot

member

Activity: 518

Merit: 14

if you think that if bitcoin gets permission from the government, there will be many people and companies and countries that will join bitcoin, bro. the name of bitcoin will be increasingly attached to the hearts and minds of humans bro ..

maxreish

sr. member

Activity: 1330

Merit: 326

If governments will allow bitcoin transactions and they'll legalize it, what will happen to the central and private banks? But if so, they'll surely put a limit or will get a part in every transactions for the benefits of the government. The anonymous side of bitcoin feared most governments that is why I do not think they will accept bitcoin blockchain that easily.

Topic: What will happen if Bitcoin gets official permission from the government...??? - page 8. (Read 2385 times)