Why are governments and forks always against bitcoin

BartS

sr. member

Activity: 980

Merit: 255

Quote from: Yara1 on December 28, 2017, 08:53:04 AM

Am new and wondering why government of some countries and bank always against bitcoin, every day we see attack on bitcoin ranging from wrong speculation by forks to ban of bitcoin activities by some country and blocking of transactions from banks as we have seen in the Philippine.
My question is why is bitcoin that is so good be so hated at the same time?

This is very simple most governments do not welcome bitcoin for the reason they see bitcoin as a threat, bitcoin is something new that seems destined to change the way we do things when it comes to our money and our transactions, governments are very powerful because they have access to an unlimited amount of money, bitcoin is not unlimited, and they cannot print it and they cannot take it away from you, so that weakens governments.

Anti-Cen

member

Activity: 210

Merit: 26

High fees = low BTC price

Well the government has to pretend it is trying to protect us from scammers like the ones
that offer "Virtual free transactions" fees in the white paper and then buy up the miners
and jack the fees up to $45.00 a pop.

Segwit2X is a fork and will remind these scam miners not to try blackmailing customers
again and is about taking our money back from the government and the bankers who have
moved in on Bitcoin

cizatext

member

Activity: 952

Merit: 41

The government is not too much against bitcoin because if government is thoroughly against bitcoin we will have seen bitcoin being ban since, What the government is doing is regulations and closing of some illegal operation of some bitcoin operators, and the bank is an institution of government who take order from the government so when the they kick against bitcoin the bank has to followi that order. And forks in the order hand have being speculating wrong speculation because bitcoin is taking over their market and at that they are always seeing bitcoin as an enemy.

newb-dev

full member

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Because the governments don't want peer to peer connections when it comes to money. Many people would get affected, even though things are headed that way. They are trying to gain as much as they can, in the remaining time from the old system

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: Yara1 on December 28, 2017, 08:53:04 AM

Am new and wondering why government of some countries and bank always against bitcoin, every day we see attack on bitcoin ranging from wrong speculation by forks to ban of bitcoin activities by some country and blocking of transactions from banks as we have seen in the Philippine.
My question is why is bitcoin that is so good be so hated at the same time?

You title says one thing , your post another.
Why do we have to keep with this idiotic conspiracy theory about evil governments and evil banks fighting against bitcoin?

If there was something like this we would have seen bitcoin banned in every country and no banks letting you wire money to a btc exchange.
And in reality what do we see?
Legalization, banks letting fiat>crypto money flow with no problems and continuous growth.
Where is that war you claim you see?

Just because a shady unlicensed exchange was raided by the police doesn't mean the "goverment" is against bitcoin.

Hell, 3 days ago the food inspectors closed three butchers shops in the market near by?
Is this a war of the government against meat?

sabrikks

member

Activity: 174

Merit: 10

To put it simply they are against bitcoin because they are losing control over money and most of these country can't TAX bitcoin transaction and trading yet

Yzhel

full member

Activity: 325

Merit: 100

Quote from: luka red on December 28, 2017, 11:02:30 AM

governments are against bitcoin for some reasons that they show.they are telling that they banned it for the sake of good of the citizens.
some reasons are...
bitcoin is not an authorised and legal currency in any other country in the world.
bitcoin is not authorised by any regulatory authority and thereby its use may cause financial loss of the citizens.
transaction with this currency may cause a violation of the money laundering and terrorist financing.

Exactly! What is the main role of the government? for sure to protect people from all scams and crime. After so many people claiming that they were a victim of scam we cannot blame our government since they are just their to keep reminding us for us to become aware and one way to protect us is to ban bitcoin and to tell people nationwide that bitcoin is just a scam.

aji567

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Merit: 10

Because bitcoin can affect the value of the country's currency so the government against or against bitcoin because the price is very volatile.

luka red

member

Activity: 195

Merit: 10

governments are against bitcoin for some reasons that they show.they are telling that they banned it for the sake of good of the citizens.
some reasons are...
bitcoin is not an authorised and legal currency in any other country in the world.
bitcoin is not authorised by any regulatory authority and thereby its use may cause financial loss of the citizens.
transaction with this currency may cause a violation of the money laundering and terrorist financing.

budz0425

full member

Activity: 504

Merit: 101

We all know that bitcoin is decentralized meaning that they are not part of the government legal tender and unlike legal tender they cannot control it, in simplest term government cannot control and hold the money circulating in bitcoin so they were thinking that we are stealing cash from them since we are not paying any tax on it.

Ch1bi

full member

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Well governments are against Bitcoin for good and bad reasons A good reasons is that not everyone fully understands Bitcoin so rather than just blindly adopt it, further understanding may need to be done. Another reason they might be against it is because they can't really regulate it. So it's not easy to track, and as a result Uncle Sam isn't getting paid Tongue

ledinasaliasi

member

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i guess bitcoin is not a perfect coin to be used by all people, so if government can not control bitcoin, they may ban bitcoin and developers want to change that so they made new forks to create new coins better than bitcoin to replace it in the future.

Patrick_Bates

newbie

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Taxes! Taxes are the reason. If you earn fiat for your job, you give some part to your government. If you earn Bitcoin (for example), you pay nothing.

Kotone

hero member

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Merit: 503

Quote from: Yara1 on December 28, 2017, 08:53:04 AM

Am new and wondering why government of some countries and bank always against bitcoin, every day we see attack on bitcoin ranging from wrong speculation by forks to ban of bitcoin activities by some country and blocking of transactions from banks as we have seen in the Philippine.
My question is why is bitcoin that is so good be so hated at the same time?

i thibk that the government is not neccessarily against bitcoin i actually feel that they want to know more about this cryptocurrency before implementing this on their respective countries. It is important to know that this happens as a negative but can also be a positive.

putrii

full member

Activity: 420

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Quote from: Yara1 on December 28, 2017, 08:53:04 AM

Am new and wondering why government of some countries and bank always against bitcoin, every day we see attack on bitcoin ranging from wrong speculation by forks to ban of bitcoin activities by some country and blocking of transactions from banks as we have seen in the Philippine.
My question is why is bitcoin that is so good be so hated at the same time?

fork instead of bitcoin that disadvantage bitcoin seems only government because I analyze if a country with a government that prohibits the circulation of bitcoin then bitcoin prices will go down.

HasHe

hero member

Activity: 952

Merit: 500

Governments have never faced such a threat like bitcoin,a decentralized currency challenging the entire government's control over the economy.They have almost had major control over all the money transactions.But for the first time,bitcoin has provided a platform through which any body could send huge volumes of money all over the world without even disclosing any of their personal information.It has become a big head ache to the governments.So,they hate bitcoin.

Forks are usually made by some miners.They do it just for their benefits.The forked coins do not provide any additional features more than bitcoin.But to justify the hard fork,they usually blame that bitcoin does not provide speed transactions and have very high fee,etc,etc.By this way,they try to promote their forked coins.

armandoz

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possible but no one know that will happen. there is speculation that the bicoin become one currency and bank become will slow down and no tax needed and without money no problem and we are in the last days one currency in whole world.

Sundark

hero member

Activity: 560

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Governments are against crypto because it's decentralized. Fiat is controlled, crypto isn't. Forks have another reasons. Bitcoin is created back in 2009 and hasn't changed. Forks and altcoins offer new features and better transaction speed. That's why forks don't love bitcoin.

LAODINGTOU

member

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Because bitcoin may affect the financial stability of those countries, many countries face the problem of inflation. If bitcoin is replaced by bitcoin, the consequences cannot be imagined.

Yara1

jr. member

Activity: 193

Merit: 4

Am new and wondering why government of some countries and bank always against bitcoin, every day we see attack on bitcoin ranging from wrong speculation by forks to ban of bitcoin activities by some country and blocking of transactions from banks as we have seen in the Philippine.
My question is why is bitcoin that is so good be so hated at the same time?

Topic: Why are governments and forks always against bitcoin (Read 104 times)