Why did the government want to kill Bitcoin? - page 10.

CarnagexD

sr. member

Activity: 1498

Merit: 374

Leading Crypto Sports Betting & Casino Platform

Quote from: Al-e_x on July 21, 2018, 05:33:38 AM

you are not wrong, and that's right, crypto also has a huge risk, because its volatility is hard to predict, but on the other side, I think the government feels threatened by bitcoin, they are afraid of losing national currency. so they try to cover crypto.

Government did not want to kill Bitcoin instead they want to control them by Regulation of all possible transaction using digital currency transaction. some country want the Bitcoin to control, they even think or asking how Bitcoin can be Tax (all transaction)

samycoin

full member

Activity: 812

Merit: 100

Quote from: Handsome Boy on July 20, 2018, 08:48:35 PM

as we know, many governments in the world are banning bitcoins and here I have my own why the government want to kill Bitcoin, because I think Bitcoin can be used for terrorist financing, money laundering, illegal weapons purchases, crime and tax evasion. therefore the government forbids Bitcoin, because Bitcoin transactions are difficult to trace so it is only natural for me if the government is very worried about Bitcoin and many country banning (block) Bitcoin.
but this is just my opinion, so if I am wrong I apologize.

Thank You.

Government ban bitcoin because as you said many people take it advantage to use it to make a fraud to other and also they want to control it that's why country ban the bitcoin because they can't control it.

Ellerose213

newbie

Activity: 67

Merit: 0

Because Bitcoin is not compliant and can be used for illicit transactions. AML BitCoin rests on a privately regulated public blockchain that facilitates AML-KYC compliance and identifies criminals associated with illicit transactions while maintaining and strengthening the privacy protections for legitimate users.

icecream sandwich

full member

Activity: 420

Merit: 101

Quote from: Handsome Boy on July 20, 2018, 08:48:35 PM

as we know, many governments in the world are banning bitcoins and here I have my own why the government want to kill Bitcoin, because I think Bitcoin can be used for terrorist financing, money laundering, illegal weapons purchases, crime and tax evasion. therefore the government forbids Bitcoin, because Bitcoin transactions are difficult to trace so it is only natural for me if the government is very worried about Bitcoin and many country banning (block) Bitcoin.
but this is just my opinion, so if I am wrong I apologize.

Thank You.

I don't think the governmemts are endeavoring to murder Bitcoin. They're excessively savvy, making it impossible. They realize that Bitcoin can produce huge amounts of benefit and they will clearly exploit that. What they are doing however is setting directions to have incomplete control for them to have a more grounded hand. Control is the name of the diversion. Also, the legislatures and banks are the experts of that territory.

xiboothrezi

sr. member

Activity: 1246

Merit: 285

Quote from: patimahsunda on July 30, 2018, 01:28:59 PM

Because the government is afraid of bitcoin. Bitcoin has been very strong at the moment. And the government is afraid if bitcoin is used for illegal transactions. So the government wants to kill bitcoin. Bitcoin can not be controlled by the government, therefore the government wants to fight bitcoin.

If I think the government is not afraid, just worry if bitcoin is misused as a criminal tool as described by OP. Thus, the government's goal of limiting the use of bitcoin is actually to protect the country and its people from possible crimes.

bitfocus

member

Activity: 532

Merit: 15

Any government want to kill anything that they cant control - easy.

kendra1107

full member

Activity: 476

Merit: 100

Quote from: Handsome Boy on July 20, 2018, 08:48:35 PM

as we know, many governments in the world are banning bitcoins and here I have my own why the government want to kill Bitcoin, because I think Bitcoin can be used for terrorist financing, money laundering, illegal weapons purchases, crime and tax evasion. therefore the government forbids Bitcoin, because Bitcoin transactions are difficult to trace so it is only natural for me if the government is very worried about Bitcoin and many country banning (block) Bitcoin.
but this is just my opinion, so if I am wrong I apologize.

Thank You.

I don't think the governmemts are trying to kill Bitcoin. They're too smart to do that. They know that Bitcoin can generate tons of profit and they will surely take advantage of that. What they are doing though is setting regulations to have partial control for them to have a stronger hand. Manipulation is the name of the game. And the governments and banks are the masters of that area.

[email protected]

newbie

Activity: 42

Merit: 0

I think because they scared that they cannot control it and moreover because some people use it for the black market such as drugs, guns and etc. That is why some people have started to invest in Token Sale projects, have you heard? For instance, Socratus. It is a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem. They are aiming to create a win-win insurance whereby you get instant claim payment, fair and transparent dealing and friendly prices. I think this is really cool and it seems like an innovative and demanded project.

Log out7181

newbie

Activity: 8

Merit: 0

The government of many countries wanted to kill bitcoin.They think that this crypto currency can cause many problems in the country.Especially financial problems may arise.Besides, Bitcoin is not a government controlled currency.The government can not control this currency easily.

andisuk

full member

Activity: 334

Merit: 100

if bitcoin is considered a tool of crime, of course it is not true because bitcoin is only wrongly used by the person, if thinking like that then the corrupted state money is the same, then stay depends on the use

Jannatul Shefa

member

Activity: 312

Merit: 11

I don't think government want to kill bitcoin they just want to save paper money that's why they don't accept bitcoin. They do it so because they only know the negative impacts of bitcoin and other digital currencies. They think bitcoin use only for illegal purpose and it will lead to the country to terrorism.

LeoHonek

newbie

Activity: 23

Merit: 0

Because the users of bitcoin didn't want to pay the tax for the crypto currency they had in their wallet and that is a better opportunity which is available in the crypto currency so government is not accepting and trying to kill bitcoin.

maskeffec

sr. member

Activity: 532

Merit: 250

Yes that's the main reason some countries prohibit the use of bitcoin in its territory, because the anonymous nature of bitcoin is considered by some countries as a means of illegal transactions, but they do not think with the positive role that bitcoin provides, a small example gives life expectancy for anyone who wants to deepen about bitcoin . income through investment or trading the daily crypto.

@oweljayr

newbie

Activity: 215

Merit: 0

Because this is just how they understand about bitcoin or other digital currencies. Only negative feedback they are gathering about it, only negative views they sees in it. But if they would just understand the true value of cryptocurrencies with bitcoin specifically, they would rather invest on it than kill it.

Testament28

newbie

Activity: 145

Merit: 0

I think it is because it will ruin their financial status that's why they are trying to deny bitcoins capabilities. We all know how unpredictable bitcoin can be. They can't control BTC that easily unlike the current currency they are using.

erichall

full member

Activity: 350

Merit: 107

Government loves to over regulate and get involved in everything. And too much can end up hurting bitcoin and crypto market.

anrian062

newbie

Activity: 112

Merit: 0

except from anonymous and money laundry. Goverment is concern about the fall of banking system. That we know bank is a backbone of economic for most countries, and decentralized system will kill it. Except we find a way to make BTC integrated with banking then we cannot hope for goverment to take a risk to legalized BTC

jorgelugra

member

Activity: 266

Merit: 10

I think that they are afraid of btc and think that it is necessary to get rid of it because it is decentralized and provides too much freedom to people and I think that you should protect your opinion about btc

x xurtjati

newbie

Activity: 132

Merit: 0

what has happened to date is indeed the government will never understand and know how bitcoin will flourish as well as others from the government have a fear of bitcoin development will be able to have an impact that could affect the currency in the country when everything will be fine and bitcoin will benefit the government of the country.

patimahsunda

full member

Activity: 323

Merit: 100

Because the government is afraid of bitcoin. Bitcoin has been very strong at the moment. And the government is afraid if bitcoin is used for illegal transactions. So the government wants to kill bitcoin. Bitcoin can not be controlled by the government, therefore the government wants to fight bitcoin.

Topic: Why did the government want to kill Bitcoin? - page 10. (Read 2236 times)