Topic: Why did the government want to kill Bitcoin? - page 18. (Read 2301 times)
So many government of the world are against bitcoin due to the fact that they lack the ability and capacity to control bitcoin and how it transactions are being carried out base on the blockchain technology, and at that bitcoin is not a threat to the control the government have over the financial life of it citizens so at that bitcoin is an enemy of the government.
I think they are not trying to kill bitcoin,the main aim of every government is to safeguard the interest of the citizens they are ruling . So this is exactly what the government are trying to do,besides no government can kill bitcoin at all
Bitcoin is a digital currency and no one can stop it. Every government has won economic policy and bitcoin has great impact on economy. So some government dose not want accept bitcoin. But bitcoin is modern digital currency every government should take advantage this.
Many governments do not recognize anything that cannot be controlled. We all have passports, identity cards, bank accounts - it's all part of the control to know who, where, when. Bitcoin claims independence - this is simply unacceptable for many governments
The government aim is always to dominate. Bitcoin is one thing they have not understand and they noticed it will disrupt many things if not stopped. Imagine the government not having control of a currency that it's aim is to take over the world and become the number one currency. Money laundering, tax evasion are the least of their worries but just to have the lion share and dictates how is controlled. Decentralization is bitcoin and let's not forget that.
Because Bitcoin is considered to be threatening their country's currency and considers Bitcoin to be used for money laundering. But not all governments do. For example, the Japanese state that has legalized Bitcoin as currency.
There are a lot of aspects why government want to shutdown bitcoin, one of those is the potential usage for money laundering which almost all of the government around the world cannot 100% be solved what more if the money is being put on a wallet which is very anonymous the governments cannot just let that happen easily so they put regulations or worse being banned to their country to prevent those kind of things happening
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.
actually the core of the problem is not legalized bitcoin for this transaction is not tax burden on every bitcoin transactions that occur so that government revenue will decrease and this will impact on the country development. But an idea appears to solve this problem: the government can issue its own digital currency, with all these transactions taxable and avoid the use of illegal bitcoin such as money laundering, terrorism, etc. because all transactions can be tracked. but this is just my opinion, so if I am wrong I apologize.
Thank You.
Yes they doesnt like Bitcoin for the reason that they cannot control bitcoin because it is decentarlized, governments cannot hikd bitcoin so they want to kill forever be gone as much as possible.,but look at it is still alive.
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.
Those "reasons" have nothing to do with why Legal entities would want to ban crypto (cash/fiat is overwhelmingly used for those purposes). They want to ban or de-legitimatize bitcoin and other true open-decentralized currencies, precisely because they have no control over the population who uses them correctly.
But this is just part of their misunderstanding and denial. The legal babylonian deception will continue to control those who do not take their privacy/security seriously. As you can see now, centralized organisations/exchanges are requiring KYC/AML regulatory practices... these are the enemy of freedom as they allow the CRIMINALS (Legal / Banker / Governmental) to attach their fraudulent jurisdiction to crypto users.
The truth is, if you know what you are doing, they have absolutely no jurisidiction or authority.. and they cannot stop the innovation. If you are interested in not sacrificing your freedom over the next few years, you will want to become very accustomed to atomic-swaps and true Decentralized Exchanges / Privacy solutions. The centralized companies are LEGAL entities, and therefore cannot be trusted.
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.
I think why the government wants to kill the bitcoin because the government thinks that the bitcoin cannot help their country to grow up and they think that the bitcoin can destroy the transactions with other country. They afraid to steal bitcoin their national currency. So they want to kill or destroy the bitcoin because they don't want to lose their national currency.
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.
Aside from those illegal acts by lawless elements, the governments also want their own currency to only dominate the market so that they can fully control everything from us most especially all our centralized assets. Good thing about centralized assets is that they are pretty stable though lacks in privacy and security unlike Bitcoin wherein we can evade tax on every online transaction me made. but this is just my opinion, so if I am wrong I apologize.
Thank You.
The government banned bitcoins because I think the government feels threatened by bitcoin, they are afraid of losing national currency. so they try to cover crypto. one more reason they fo not benefit from it. No tax was being added or collected and they cannot control the flow of crypto currency
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.
Is there any problem to do the same thing with regular cash? I don't think so.but this is just my opinion, so if I am wrong I apologize.
Thank You.
If killing the Bitcoin will solve all these problems, I am ready to pull the trigger myself. Where is my gun?
I think the government can't kill bitcoin, and the government can only impose a ban on bitcoin transactions in the country.
I think governments try to kill bitcoin mostly because they can not control it and for sure this freaks them out. It is not an advantage for them to not having bitcoin paying taxes to them
corrupt countries will ban it, they do not yet know its usefulness. bitcoin will affect the economic progress of the country that has adopted it. the reasons mentioned are true and become the government's fear of bitcoin
Because it is out of their control -> is a threat for them.
However, I like how some people are talking about crypto being dangerous: criminals are laundering their money, terrorists are purchasing weapons with the help of BTC and so on...
However, I like how some people are talking about crypto being dangerous: criminals are laundering their money, terrorists are purchasing weapons with the help of BTC and so on...
YEs, government around the country dislikes this type of currency but not all of them, some coins are also used in the black market specially on drugs, thats why they are truly against it. Another things is that, in the dark web, this coins are now widely used and are widely purchased, sold and transac to buyers and sellers for illegal things making it a hateful currency, but not all of it are used the negative way others are from the good also. So, lets take a moment to review what the Positive side of this coin means.
there is some certain reason why they dont want this currency most probably is on the way how is it may related to drugs that this is what this currency so this is what they dont wnat it but on the other good side of it this is really helpful yet but also depends on the way how is it may come for well for so,e online purposes and made a lot of people earn here this is what they loved for. 
government don't want to kill bitcoin, they want to kill the terrorist and all criminals int heir country, but they see that bitcoin is the most payment method that they use, so they want to kill bitcoin to makes the criminals stop their action, and maybe some people is not agree with this decision that block and kill bitcoin
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