Topic: Why did the government want to kill Bitcoin? - page 15. (Read 2301 times)
I think the bitcoin ban is a form of government fear because bitcoin can not be governed by state regulations, the government should not only look at the negative side of bitcoin, many positive things in bitcoin, for example, can reduce poverty and unemployment. I hope the government that forbids bitcoin can think wisely to legalize bitcoin
I don't think government have the intentions of killing Bitcoin rather they are just trying to secure their economy and citizens because bitcoin and cryptocurrency is decentralized it has no tracing when used for crime. Most of the government officials are into cryptocurrency hopefully crypto will keep progressing though it might not be accepted generally by the whole world.
because it is not taxed and the government is unprofitable for bitcoin to be in circulation
The legislatures boycott bitcoin in light of the fact that they can't control it as it is unknown. What's more, bitcoin is a most loved cash of programmers and wrongdoings.
Bitcoin and cryptographic money influence the economy since it can supplant genuine cash.
Bitcoin and cryptographic money influence the economy since it can supplant genuine cash.
Because the government is afraid of bitcoin they may think bitcoin will destroy their country but instead bitcoin really helps their country by opening vacancy for unemployed unemployed so they can work with bitcoin and bitcoin will also sting to help the nations in their country so I think why they hate bitcoin and want to kill bitcoin maybe that's a very stupid thing for me
There are too many reason to kill bitcoin by government, in this world some government support bitcoin but some government think it is very harmful or public. Government think, for bitcoin day by day crime increase and it is arrange money for terrorist, it also moneylender so government want to kill bitcoin. I think some government don't understand about bitcoin so they make a bad comment about bitcoin.
I know that there are crypto currency users who use bitcoin for money laundering and to buy drugs. the government does not like to see people who use bitcoin as a place to commit crimes.
I always wonder why people say and suggest that the government is against bitcoin because bitcoin will be used in terrorist financing and money laundering. What people need to get is that, money laundering and terrorist financing has been in existence for 100's of years ago. I don't think that are the main reasons why the government want to kill bitcoin.
The government just don't like the decentralizations make up of bitcoin.
The government just don't like the decentralizations make up of bitcoin.
I just see the government does not want Bitcoin out of their control, I'm sure if Bitcoin is under their control, the government will not ban it 
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.
This is a wrong point of view. Many state structures and representatives of banks use this in their statements, explaining why the crypto currency is imperfect and why it should be banned. As always, they hide behind the good intentions of combating crime, which they often head to hide the true essence. They can not directly say that they do not want to have bitcoins and other decentralized crypto currency, because it will be very difficult to monitor the financial side of their citizens' activities. This is the main reason why states are not in a hurry to legalize the crypto currency. but this is just my opinion, so if I am wrong I apologize.
Thank You.
Because bitcoin is a cryptocurrency that is not under government regulation, and in practice bitcoin is often used as a means of crime that could harm government, and may disrupt the stability of the country's economy and could disrupt banking stability, so the use of bitcoin is prohibited by the government of a particular country.
Many criminals use the dollar for money laundering and terrorist financing, but anybody prohibits the dollar?)Why?)
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.
but this is just my opinion, so if I am wrong I apologize.
Thank You.
The government wants something to control, and they see bitcoin as one of them. It is a very large and a continuously growing environment. The government obviously wants to make something out of it and prevent criminals from entering the crypto world which is basically a very secured place to be in.
Actually they don't want to kill. They just want to get their share of it.
Banks want to kill it for obvious reasons
Banks want to kill it for obvious reasons
I think they have no purpose to kill bitcoin, but they want to keep the bitcoin away from its citizens, because as far as I know the government does not agree with the existence of bitcoin that has been plunged in the community. so the government was anxious with the current conditions as well.
because the government considers that bitcoin will disrupt state and bang finances, so the government wants to kill bitcoin.
Actually they don't want to kill. They just want to get their share of it.
Banks want to kill it for obvious reasons
Banks want to kill it for obvious reasons
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.
but this is just my opinion, so if I am wrong I apologize.
Thank You.
The government wants bitcoins dead because of how much ot destabilizes the whole monetary and economic systems of the country. Even the banking industry is wailing because of how much competition bitcoins bring on the table. That's why the government is really insisting on eliminating bitcoins.
I think government want to kill bitcoin because it is a centralized exchange with no regulations and it can be used by criminals since each wallets is untraceable cos of the block chain technology
Why did the government want to kill bitcoin this is simply because there are alot of scammers out there or maybe they are afraid that bitcoin can be use in some illegal transaction.
This is not a valid argument, although I am hearing it very often for the last 5-6 years. Fiat currency remains the preferred payment medium for the criminals (either the digital varieties such as Paypal / VISA or the hard cash). But I never see anyone arguing to ban fiat currency.
government want to kill bitcoin because government wanted to control financially
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