The first is the difficulty of obtaining taxes with operations with crypto currency. Second, many governments include many bankers, or people close to bankers, and it is not very profitable for them to get a product that directly deprives them of their work.
That's the main reason why Satoshi Nakamoto make's it decentralized because we all know almost all of the governments is just up to the money of the people that is why they want that position, so if all people fights for bitcoin there will be a better life to all of the community.
Topic: Why did the government want to kill Bitcoin? - page 28. (Read 2301 times)
I think that they want to do this because they are afraid that btc can prevent them from getting some advantages from the money transactions. to my mind, they don't want to change anything
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.
Well I don't think they want to kill bitcoin they just want to regulate it. We all know that some people used bitcoin in illegal way that's why the government is afraid that other people may involved but they don't have the right to control so they just give some warnings. Bitcoin users are anonymous so its hard to determine on who are those people that using bitcoin in a bad way. For me, they are just concerned . In fact if they want to kill bitcoin they already done it before but they dont because it also helps the economy but this is just my opinion, so if I am wrong I apologize.
Thank You.
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 is no good reason for a country to kill bitcoin, because in fact the state can also benefit from the presence of bitcoin, provided they can make good regulation and apply it to bitcoin transactions in their country so that they can benefit from bitcoin transactions occurring in their country but this is just my opinion, so if I am wrong I apologize.
Thank You.
In my opinion, government is scared about bitcoin because bitcoin can be regulated itself and it is not able to regulate it. So this is the thing that they cannot put under control of their.
Am sure you taught are right for security reason of their nations but aside that i also think that the government may not have ultimate control over bitcoin transaction and as such it will fetch these nations any capital interest. We are know that the use of national currency is in the government control and if bitcoin become legal the people will rather determine the value other than government control.
There are too many reasons for them to do this. Bitcoin helps users to be anonymous, so they do not need to pay taxes. In addition, it facilitates illegal activities such as bribery, corruption, money laundering and many other behaviors. Besides, it threatens the development of cash, where the bank and the government are profitable
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.
Government wants to kill Bitcoin because it is not in their control and it is used in most of the illegal works as like drug peddling or gun smuggling. Even Bitcoin is almost animals so it is hard to trust anyone who is doing those in legal works..
I personally think that the main reason why the government is against bitcoin is the inability to control.
The first is the difficulty of obtaining taxes with operations with crypto currency. Second, many governments include many bankers, or people close to bankers, and it is not very profitable for them to get a product that directly deprives them of their work.
That's the main reason why Satoshi Nakamoto make's it decentralized because we all know almost all of the governments is just up to the money of the people that is why they want that position, so if all people fights for bitcoin there will be a better life to all of the community. 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.
Government merely focusing on the negative effects of bitcoin, which is not goo. If they are afraid of that things to happened they indeed needed to regulate it but not control everything in bitcoin. Bitcoin is a system that no one can take control of, it depends on its users and users believe in bitcoin that is why bitcoin continuously improves itself at the same time continue to give users its benifit.
I agree with many who here said that the government forbids it because they can not control, but I would single out two more reasons. The first is the difficulty of obtaining taxes with operations with crypto currency. Second, many governments include many bankers, or people close to bankers, and it is not very profitable for them to get a product that directly deprives them of their work.
Exactly. also alot of illegal transactions and black maret criminal activity has been going on and there have been extensive measures taken to stop it. that's why the talk of "killing bitcoin" circle in the interweb.
Because they cannot control bitcoin. No taxes and many illegal transaction were done using bitcoin.
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. all of you stated aboved is some reasons why the government wants to banned bitcoin. Some of them are concern to the negative effect of bitcoin but some of other country who accept bitcoin is looking for the bright side of it. The government also wants to banned bitcoin and other cryptocurrency because it can be treat to the transactions of tdhe bank.
Indeed many governments want to kill this bitcoin so that people do not use it to transact or as an investment. This happens because the government is concerned that this bitcoin is being misused and used against the law such as money laundering even to the stage of terrorism.
the government want to kill bitcoin because government doesn't want to share your profit with others .
Government wants bitcoin to die because, they feel that it is a threat to them and also, they want to be in control of bitcoin but bitcoin is decentralized and that makes it hard for them to control bitcoin.
They also feel that individuals can use bitcoins to eveade tax as well but the government needs to look at the brighter side of bitcoin rather than what they see as threat bitcoin is imposing
They also feel that individuals can use bitcoins to eveade tax as well but the government needs to look at the brighter side of bitcoin rather than what they see as threat bitcoin is imposing
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.
Government want to kill bitcoin or end it because they know that there is a chance that bitcoin can make our bank disappear and it can be our currency in the future.
They don't have controlled in bitcoin, the government does not getting benefits from it.
Or maybe they want to create own crypto currency that they may control, it means it will be an centralized.
We live in free world, you have right to speak, there is no need to apologise. Lolz.
Well, off course whatever reasons you have mentioned here are all the one who are behind the unsuccessful transaction of bitcoin in the real world. Its breaking the bitcoin and blockchain internally and thus government is taking the advantage of the same to break it even further. Yes I do think that it is completely acceptable that as to why they are banning everything. If we really want bitcoin surging through the real life then these things needs to be overcome first and then only it can gain real legal status in the time to come.
Well, off course whatever reasons you have mentioned here are all the one who are behind the unsuccessful transaction of bitcoin in the real world. Its breaking the bitcoin and blockchain internally and thus government is taking the advantage of the same to break it even further. Yes I do think that it is completely acceptable that as to why they are banning everything. If we really want bitcoin surging through the real life then these things needs to be overcome first and then only it can gain real legal status in the time to come.
They don't want to kill it, they just want to regulate it. Government always want to get something they can earn from. I think they just want to imposed tax on bitcoin.
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