Topic: Why are the world’s governments not using cryptocurrencies? - page 5. (Read 1437 times)
Because technology adaption takes time and the government wants to revoke to use fiat until crypto becomes so common they well have to move over by demand. They will need to keep with the times and adopt the technology or fall behind. Right now you cannot be behind since there is yet a first comer to come along and create s crypto for their country. In the future it's very likely governments will move onto crypto. I think its as good as guaranteed.
Cryptocurrency is decentralized and not under their control. If they will use it it will only mean that they acknolwdge crypto as legally accepted currency which they have bo jurisdiction. Who don't even know if the government is not really using crypto or if they have been using it secretly.
I want to say that the government who are always on the look for every opportunity to invest and make it fast can not claim or out rightly deny the fact about the knowledge of Crypto currency. And also possible investment on a secret note, but the Volatility of bitcoin which every investor know and is aware of could possibly be one of the strong reasons why the world government might be scared of using crypto currency. Also most of the government actually want control over the cash inflow and management. In a case where they would not be able to control and determine the price control of their money in use can actually cause reluctance on the part of the government on adopting crypto currency as a currency for use world wide.
I’ve recently learned the many advantages of cryptocurrencies and how they can revolutionize the way we use money around the world, so why are the world’s governments not adopting them to be used as a form of currency?
There are many advantages of cryptocurrencies that surpass fiat currencies that we used on a day to day basis such as better security due to blockchain technology, cryptocurrencies not really being affected by global financial events as it is a decentralized currency
Why are the governments not adopting cryptocurrencies? Is it a world-wide conspiracy by the elite in order to keep in power? Or is it that the people in charge are rather ignorant of the advantages of cryptocurrencies in order to keep the current system of power?
'It is a world-wide conspiracy by the elite in order to keep in power'. In my opinion, you accurately and super correctly answered your message. I think this is the main reason There are many advantages of cryptocurrencies that surpass fiat currencies that we used on a day to day basis such as better security due to blockchain technology, cryptocurrencies not really being affected by global financial events as it is a decentralized currency
Why are the governments not adopting cryptocurrencies? Is it a world-wide conspiracy by the elite in order to keep in power? Or is it that the people in charge are rather ignorant of the advantages of cryptocurrencies in order to keep the current system of power?
I think think of the following reasons:-
They are too corrupted to even let anyone see their tracks , bitcoins is not open one can easily kill the corruption with It .
They are scared this will kill their own economy and profit , people won't use banks anymore and it will stop to exist.
Their dominance will die
People will have more freedom and no one would be able to control the population in terms of buying and selling stuff that is illegal , they are scared that it might just fuel up these things
They don't want their banks to suffer , since they are warning from that , most big bankers know this already and are controlling them from behind.
these factors can be used as a reason why the world government does not use bitcoin, or the blockchain system as a transaction tool to make it more transparent. but if the transaction is done openly we have to think a lot about security because theft could target the funds. They are too corrupted to even let anyone see their tracks , bitcoins is not open one can easily kill the corruption with It .
They are scared this will kill their own economy and profit , people won't use banks anymore and it will stop to exist.
Their dominance will die
People will have more freedom and no one would be able to control the population in terms of buying and selling stuff that is illegal , they are scared that it might just fuel up these things
They don't want their banks to suffer , since they are warning from that , most big bankers know this already and are controlling them from behind.
Cryptocurrency is decentralized and not under their control. If they will use it it will only mean that they acknolwdge crypto as legally accepted currency which they have bo jurisdiction. Who don't even know if the government is not really using crypto or if they have been using it secretly.
I want to say that the government who are always on the look for every opportunity to invest and make it fast can not claim or out rightly deny the fact about the knowledge of Crypto currency. And also possible investment on a secret note, but the Volatility of bitcoin which every investor know and is aware of could possibly be one of the strong reasons why the world government might be scared of using crypto currency. Also most of the government actually want control over the cash inflow and management. In a case where they would not be able to control and determine the price control of their money in use can actually cause reluctance on the part of the government on adopting crypto currency as a currency for use world wide.
I think think of the following reasons:-
They are too corrupted to even let anyone see their tracks , bitcoins is not open one can easily kill the corruption with It .
They are scared this will kill their own economy and profit , people won't use banks anymore and it will stop to exist.
Their dominance will die
People will have more freedom and no one would be able to control the population in terms of buying and selling stuff that is illegal , they are scared that it might just fuel up these things
They don't want their banks to suffer , since they are warning from that , most big bankers know this already and are controlling them from behind.
They are too corrupted to even let anyone see their tracks , bitcoins is not open one can easily kill the corruption with It .
They are scared this will kill their own economy and profit , people won't use banks anymore and it will stop to exist.
Their dominance will die
People will have more freedom and no one would be able to control the population in terms of buying and selling stuff that is illegal , they are scared that it might just fuel up these things
They don't want their banks to suffer , since they are warning from that , most big bankers know this already and are controlling them from behind.
I for one think it's because they can't bear a world without the fiat, where competition of different country's currency is experienced.
They know the potentials of cryptocurrencies if used as a global currency, but to them, it will eliminate the competition and winning factors of a lot of country.
Just my thought though.
They know the potentials of cryptocurrencies if used as a global currency, but to them, it will eliminate the competition and winning factors of a lot of country.
Just my thought though.
These could be the major reasons of some governments to not using cryptocurrencies.
• Cryptocurrencies payments could be use for illegal works.
• It could stop the growth of economy
• Somewhere cryptocurrencies will boost tex theft
• New people are investing in cryptocurrency and they are getting scammed
• Honest and hard working cryptocurrency traders are getting rich which governments don't want.
So in my opinion these could be the major reasons of some governments to not using cryptocurrencies but the positive sign is all governments of countries have different point of views some are against crypto and some are not.
• Cryptocurrencies payments could be use for illegal works.
• It could stop the growth of economy
• Somewhere cryptocurrencies will boost tex theft
• New people are investing in cryptocurrency and they are getting scammed
• Honest and hard working cryptocurrency traders are getting rich which governments don't want.
So in my opinion these could be the major reasons of some governments to not using cryptocurrencies but the positive sign is all governments of countries have different point of views some are against crypto and some are not.
The governments are very right in not allowing cryptocurrencies in their respective areas of the regime as it would be like surrendering the financial authority of their country, which no country will ever allow. Cryptocurrency no doubt has its own advantages but from the government's point of view, they are there worst enemies.
most governments certainly realize that cryptocurrency is a new breakthrough that continues to be developed until it can have very valuable value. but although cryptocurrency is widely used as a means of payment like existing currencies, of course, every government will not free its use because every country must have a currency that has its own characteristics to be used as a means of payment
I thinl the government as a whole is not using it "officially" maybe because they are loyal to the local currencies. Its part of the tradition and culture even faces of the famous government officials are presented on the money. Well, I believe there are already government employees using crypto. Who is not interested to it when its very helpful especially in this digital age. Its just really hard to set up something fair and just between crypto and the government regulations. They are really two different entities.
I’ve recently learned the many advantages of cryptocurrencies and how they can revolutionize the way we use money around the world, so why are the world’s governments not adopting them to be used as a form of currency?
There are many advantages of cryptocurrencies that surpass fiat currencies that we used on a day to day basis such as better security due to blockchain technology, cryptocurrencies not really being affected by global financial events as it is a decentralized currency
Why are the governments not adopting cryptocurrencies? Is it a world-wide conspiracy by the elite in order to keep in power? Or is it that the people in charge are rather ignorant of the advantages of cryptocurrencies in order to keep the current system of power?
First of all the data is stored in form of a public ledger in case of blockchain system and everyone can see where the funds are being transferred and from which address they are going which the government don't want us to see as to what they are doing in secret. And also that crypto is volatile and the value stored can become zero any time if anything bad happens in market or maybe due to a false rumour. There are many advantages of cryptocurrencies that surpass fiat currencies that we used on a day to day basis such as better security due to blockchain technology, cryptocurrencies not really being affected by global financial events as it is a decentralized currency
Why are the governments not adopting cryptocurrencies? Is it a world-wide conspiracy by the elite in order to keep in power? Or is it that the people in charge are rather ignorant of the advantages of cryptocurrencies in order to keep the current system of power?
Reasons, why governments do not use bitcoin, are because cryptos are volatile, it is hard to make it as a currency. Bitcoin is decentralized, the government will not be able to control (which we all know they likely to control everything most especially money and other assets). Bitcoin is pseudonymous, they will not be able to track every transaction that is done using this currency (legal or illegal transactions).
Cryptocurrency is very famous for it is anonymous and decentralized with its secure blockchain. However, the government facilitate its people. They handle flat currencies because they are easy to manipulate and that they could monitor if people are already on the act of money laundering. Since cryptocurrency is a single entity on its part, it might be a universal currency due to countries' or governments' different type of currency. However, considering the state of each government with different levels of profit or earnings, cryptocurrency might cause feud among different and neighboring countries.
of course I think the main reason the government did not adopt cryptocurrency was because crypto was decentralized and anonymous. and also every country and government has a national currency that they can control. when they adopt crypto, the government loses control of the citizens' money. and the next reason crypto is anonymous is easy to use for criminal acts such as money laundering and also I think most of our people are also not ready to use digital money they are used to using fiat money.
In the first place we need to answer the question, why do the government need to control people's money? Because people need it, the government needs it, everyone needs it. Possibly, the decentralized characteristic it has could be a threat for the control, but could not be a threat that the link between government and its people could be broken. If the problem is utilizing taxes, we could possibly think of ways crypto could do that. We don't want to be left by our government and we don't want to leave our government as well, why not just build teamwork. 
of course I think the main reason the government did not adopt cryptocurrency was because crypto was decentralized and anonymous. and also every country and government has a national currency that they can control. when they adopt crypto, the government loses control of the citizens' money. and the next reason crypto is anonymous is easy to use for criminal acts such as money laundering and also I think most of our people are also not ready to use digital money they are used to using fiat money.
not too general because as far as i know there are states in US that accepts Bitcoin as government payments have just not bookmarked the thread but according to google OHIO is the first to accept as tax payments things that you can see here
https://cointelegraph.com/news/ohio-appears-to-be-first-us-state-to-accept-bitcoin-for-taxes-wsj-report
but i am sure there are others who does the same thing,so that means it wasnt the whole world but Majority dont accept Bitcoin and other crypto also.
https://cointelegraph.com/news/ohio-appears-to-be-first-us-state-to-accept-bitcoin-for-taxes-wsj-report
but i am sure there are others who does the same thing,so that means it wasnt the whole world but Majority dont accept Bitcoin and other crypto also.
Because blockchains of many cryptocurrencies are transparent — you can see where the money came, in what amount, in General, all transfers are open to everyone. Corrupt officials in governments do not want people to see all transactions in public, because it will not be possible to redistribute part of the funds directly into their corruption pocket.
I’ve recently learned the many advantages of cryptocurrencies and how they can revolutionize the way we use money around the world, so why are the world’s governments not adopting them to be used as a form of currency?
maybe the current government has not been able to accept bitcoin because they are very worried about some issues such as cryptocurrency in general often called vulnerable to hacking and cryptocurrency also cannot be controlled like they can control fiat currencies, of course this is a problem that is highly considered by the government if they want to use bitcoin.
And basically the government also really does not like something that can not be arranged.
Around the world, many governments are now beginning to consider the idea of adopting a cryptocurrency. By doing this, they will receive cryptos like Bitcoin and Ethereum as real world currencies.
Yes, this will ultimately mean there will be a need for regulation and (perhaps) strict regulation, but we must remember that this is a good thing. The broader adoption of the global cryptocurrency can only begin when the government starts accepting it.
Source
Yes, this will ultimately mean there will be a need for regulation and (perhaps) strict regulation, but we must remember that this is a good thing. The broader adoption of the global cryptocurrency can only begin when the government starts accepting it.
Source
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