Topic: Why did the government want to kill Bitcoin? - page 27. (Read 2301 times)
Some people in the government may really want to kill bitcoin or they against that much on any crypto currencies that we have at this moment because some of people in the government are having a lot of big business that doesnt use bitcoin or other crypto currencies and they think that their business or company can really be run only using the power of fiat currencies and thats the reason why they are really against on the bitcoins they think they would lose some profit in the future if bitcoin will continue its goals day by day but they do not know in the end that bitcoin has already started to make things that cannot be stopped and make a lot of ways to make stronger it self in every country in the world.
The government just looks at the negative side of bitcoin and not really try to look and understand the advantages of it. I dot think that the main reason they are trying to kill it because of control, they can't control it and sees it as a threat to them and their central banks.
I think because they want to hold or manipulate the bitcoin so they can manage the price of the bitcoin.
Government want o kill bitcoin it is that they can not imposed a tax on it and where transactions is no monitored to where the bitcoin is used. And maybe one of the reasons is that governments and regulatory bodies have shown they lack understanding of technological topics, and bitcoin is one of the most complex.
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.
which world government do you discuss? there are some big countries that even receive bitcoin in the country, and some legalize it. so not all countries will ban bitcoin even as you say such as money laundering, drug crime or something like that.
Because they have not managed to match Bitcoin due to anonymity and some risk of digital money! Need more time!
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 can be just an speculations but there are no proper statement as reasoning why there are governments that forbid the use of bitcoin. Though i am not saying that your thought are not right, is just that we don’t really the reasons are but partly maybe you are right there mate. Mostly i agree with tax evasion issue especially that most government in a certain countries got a government officials that are corrupt.but this is just my opinion, so if I am wrong I apologize.
Thank You.
the economy of such governance, adding up the government itself can deal with money laundering using the system can give them an easy passage to deal with illegal acts this mentality still not been removed and the existence needs to be well aware to everyone.
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 can be just an speculations but there are no proper statement as reasoning why there are governments that forbid the use of bitcoin. Though i am not saying that your thought are not right, is just that we don’t really the reasons are but partly maybe you are right there mate. Mostly i agree with tax evasion issue especially that most government in a certain countries got a government officials that are corrupt. but this is just my opinion, so if I am wrong I apologize.
Thank You.
Governments are scared because they can't control bitcoin. Bitcoin can't be fractionally lent by banks like fiat can. Banks only hold around 10 percent of actual deposits from what they have lent out in total. The whole system is working on debt. Bitcoin is decentralized so they will not be able to manipulate it and print endless 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.
The answer is simple , Its because they cant control bitcoin. Bitcoin control itself. They dont understand how bitcoin helps people like us. They want to kill bitcoin even tho bitcoin helps the economy and its people. Maybe its because they cant get any taxes in every transaction in bitcoin. but this is just my opinion, so if I am wrong I apologize.
Thank You.
Governments who prohibited bitcoin doesn't really mean they want to kill bitcoin because they can't never kill bitcoin in the first place. They just don't wanted to embrace the technology for some reasons which i think with the existence of crypto, they can no longer earn profit from it though tax because bitcoin is decentralized.
First and foremost. Government doesn't want to kill bitcoin. They do all their best to slow it down until they find ways to control and regulate taxes for every transactions that occur in the blockchain.
Very simply, Governments want to kill them cause they CAN NOT CONTROL THEM!
Cryptos are not centralized.
Cryptos are not centralized.
The government want to kill Bitcoin simply because they want to have control over bitcoin holder to impose with tax. They want to regulate it so that the government will also benefited on it. Realizing that there are many users now have income through the use of bitcoin and other crypto currency.
They are also afraid that someday bitcoin will be the most use currency than fiat.
They are also afraid that someday bitcoin will be the most use currency than fiat.
personally, the government want to kill Bitcoin because they want to control Bitcoin like other currency but Bitcoin is called digital currency, so they can not control it
I can create a digital currency and control it.
It is not just because of that.
It is in the blockchain so there is no such thing as an owner. Satoshi might have also left the internet world because it could be all blamed to him. So he erased his existence.
Now, because of the freedom of people with taxes using bitcoin that is why bitcoin is being banned.
We know taxes is what pays government employees so without it they will get nothing.
I think the governments are just looking at the negative side of bitcoin and not trying to understand its benefits. Also the government can't control bitcoin probably that's why they are trying to get rid of it.
I totally agree
Those countries don't realise the value of bitcoin , online cryptocurrency... government of those countries kill bitcoin because the don't control bitcoin .
personally, the government want to kill Bitcoin because they want to control Bitcoin like other currency but Bitcoin is called digital currency, so they can not control it
The government likes to kill bitcoin because they do not benefit from it. They can not require taxes since it is a digital currency. It would be hard for them to regulate it.
I think the governments are just looking at the negative side of bitcoin and not trying to understand its benefits. Also the government can't control bitcoin probably that's why they are trying to get rid of 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.
but this is just my opinion, so if I am wrong I apologize.
Thank You.
Yes it is true that Bitcoin has many things that can be exploited for illegal acts. The higher the level of a technology the more sophisticated and varied things that can be done. Bitcoin does offer privacy so it will increasingly make crime increases. It is inevitable and the government should make a regulation on digitalization and cyber crime, I am sure it will be much more useful than the government should ban Bitcoin.
Jump to: