Topic: Why did the government want to kill Bitcoin? - page 26. (Read 2301 times)
Maybe the government does not want to if the state financial problems become irregular due to bitcoin, but there are also governments that approve the use of bitcoin to serve as one source of income. Bitcoin is probably the best investment that is easy to use, so many are still using it.
Bitcoin and a government are mutually exclusive phenomena. And from the point of view of logic, and from the point of view of economic practice.
Bitcoin is a kind of attempt to exclude from the system superfluous intermediaries, including all financial institutions and state institution.
The government is an intermediary, which should resolve disputes in the entire economic system.
At the moment, when solving any economic problem, there is always a delegation to third parties. The fact that we trust the solution of these issues to the state, because where have no been yet more reliable mechanism for solving possible problems. Supporting Bitcoin, a person declares own distrust of the state in the matter of controlling economic processes.
That is, the state sees a threat in the cryptocurrencies and by the loss of influence, and by the economy, depreciation of the country's currency, etc.
About transactions and its tracking, I remind that bitcoin is pseudo-anonymous. With the due desire and information and transaction is quite possible to track.
Bitcoin is a kind of attempt to exclude from the system superfluous intermediaries, including all financial institutions and state institution.
The government is an intermediary, which should resolve disputes in the entire economic system.
At the moment, when solving any economic problem, there is always a delegation to third parties. The fact that we trust the solution of these issues to the state, because where have no been yet more reliable mechanism for solving possible problems. Supporting Bitcoin, a person declares own distrust of the state in the matter of controlling economic processes.
That is, the state sees a threat in the cryptocurrencies and by the loss of influence, and by the economy, depreciation of the country's currency, etc.
About transactions and its tracking, I remind that bitcoin is pseudo-anonymous. With the due desire and information and transaction is quite possible to track.
I think control is the main reason why governments around the world are reluctant to accept bitcoin as a currency. But as the positive sides of crypto currencies become hard to ignore, they'll eventually legalize them.
probably because bitcoin is very much, so the government wants to kill bitcoin, the economy in a big country is partly controlled by bitcoin, so people become anxious to kill bitcoin.
In the other country they banned already this bitcoin but in my country they accept this bitcoin because many peoples here have a oppurtunity to have a income if they cannot find job then they can join here because its to hard to find job and to low also the salary is not enough for everyday. That why in my country they are interesting here for the peoples.
Well, not all government are want to kill bitcoin, in fact they want it to be legally adapted by all people around their country to make it as one of their source of income too. Bitcoin is one of the best way to earn from investing on it. We want this to be available all over the world.
Governments only intention to kill cryptocurrency is that it cannot keep it into control. Apart from this, people who make use of it will get profited and not the government. Apart from this the increasing usage of cryptocurrency for large scale transactions has made banking industry face big loss in the revenue. The compulsion from the financial sector is also an reason for governments to have plans of killing bitcoin.
I think because they want to hold or manipulate the bitcoin so they can manage the price of the bitcoin.
They don't want to hold but it's also possible that they want to manipulate because there's a big cash flow coming in and out to bitcoin.But the very first reason why they want to stop not literally kill, I guess that doesn't fit the term correctly is to protect their people from the known usage of bitcoin for using it illegally.
They are only looking to bitcoin that way.
Do people still ask such questions?
Well, it's quite obvious. The government does not benefit from this because bitcoin directly threatens the modern financial system. Banks will simply cease to exist. In the case of using crypto-currencies (any decentralized, not necessarily bitcoin), the whole sense of money disappears in banks, hence the world financial system changes. And to people now in power (capitalists) this sort of arrangement of things is generally not profitable.
Is it not obvious?)
government will kill crypto because of bitcoin have no taxes. Browder says bitcoin and other cryptocurrencies will eventually by regulated by governments.When that happens, cryptocurrencies will lose the libertarian freedom that made them alluring to investors in the first place. Cryptocurrencies, which allow users to interact securely and semi-anonymously, offer a potentially more attractive money-transferring alternative to criminals. And since bitcoin is not tied to any specific nation or agency, there are fewer legal barriers to circumvent. Well, it's quite obvious. The government does not benefit from this because bitcoin directly threatens the modern financial system. Banks will simply cease to exist. In the case of using crypto-currencies (any decentralized, not necessarily bitcoin), the whole sense of money disappears in banks, hence the world financial system changes. And to people now in power (capitalists) this sort of arrangement of things is generally not profitable.
Is it not obvious?)
Do people still ask such questions?
Well, it's quite obvious. The government does not benefit from this because bitcoin directly threatens the modern financial system. Banks will simply cease to exist. In the case of using crypto-currencies (any decentralized, not necessarily bitcoin), the whole sense of money disappears in banks, hence the world financial system changes. And to people now in power (capitalists) this sort of arrangement of things is generally not profitable.
Is it not obvious?)
Well, it's quite obvious. The government does not benefit from this because bitcoin directly threatens the modern financial system. Banks will simply cease to exist. In the case of using crypto-currencies (any decentralized, not necessarily bitcoin), the whole sense of money disappears in banks, hence the world financial system changes. And to people now in power (capitalists) this sort of arrangement of things is generally not profitable.
Is it not obvious?)
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.
Firstly, you don't need to apologize cause there are something which you don't understand about the block chain and the bitcoin protocol. Yes, bitcoin payment was anonymous before the 2017 and I can assure that bitcoin payment is no more anonymous ever since the SEC and the senior regulators ask cryptocurrency exchange/ICO to use the KYC,AML system. Ask yourself how was those that use cryptocurrency to buy illegal nab? Therefore, they are just giving us a lame excuse because they are scared about how Bitcoin will change the world positively which may lead to national currency been abandon. but this is just my opinion, so if I am wrong I apologize.
Thank You.
Killing bitcoin is not profitable for the government. These greedy miser just want to take control of the cryptocurrency turnover in their hands. They want to tax it. No government in any country ever does anything good for the people. Therefore, in the crypto world, they want to spoil everything for us. On the other hand, there are of course concerns about the uncontrolled nature of cryptocurrencies. This can take advantage of bad people in their dirty deeds.
You are right on point. As a matter of fact ,as soon as government give it full support to bitcoin, government fight against financial terrorism and money laundering will turn to nothing and due to this government is always fighting the legalization of bitcoins.
All the reasons you mentioned are just a cover to hide the main reason why the governments don't want to see Bitcoin flourish and that is cause they don't have any control over Bitcoin due to its decentralized nature. Anything that governments or banks don't have control over is illegal and a threat to their monopoly so they don't want to see it grow.
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.
You're right, the government wants to kill Bitcoin because they want to control everything for their benefit, and one of the great advantages of Bitcoin is that it is decentralized. And they know they have a future and that's why they live scared, because they can not control it.
Yes above mentioned reasons persist,also the btc investment will impact national currency,so over all the country economy will shaked by interference of another currency which is non regulated in nature.
the reason why the Government wants to ban the bitcoin. I guess they do not understand what is bitcoin facts and how it can help them but time will come that they will be aware of countries that adopted a currency can bitcoin is used for everyday purposes
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.
They dont care what bitcoin can do. Because FIAT does everything you described there aswell and worse.
They want to control Money so they can in turn hold onto their power.
Its all about power and control.
Bitcoin gives people hope, that one day the retards in power today will someday be gone
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.
There are many reasons for this. Yes this is right that Bitcoin can help the criminals in doing illegal activities. But in addition this the government has its personal motives also. The government and banks enjoy the control over financial system of the country but cryptocurrencies are snatching that power from them and giving it to the public.but this is just my opinion, so if I am wrong I apologize.
Thank You.
Many countries are against bitcoin because they believe that bitcoin is affecting their economy.They are just focusing on the disadvantages of bitcoin so they are trying to kill it.They should consider the positive side of BTC and try to promote it.They cannot impose tax on it which is the main reason why government is against BTC. I think that government is not trying to kill it but instead they are trying to slow it,they want to apply regulations on it in order to control it.
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