Topic: Why did the government want to kill Bitcoin? - page 30. (Read 2302 times)
Your points are certainly valid. But some government actually understand the potential of bitcoin and the problem it solves, but because this seems to take money control and its manipulation from their power, they are mad at it. They want what they can control and regulate.
Banks don´t like other currencys and Banks ruling the world and also goverments.But if cryptocurrencies get centralized and under control of goverments/banks,welll...thats another story
I disagree about your title of the topic. Government can't kill bitcoin? Government can do only ban bitcoin can't kill. The government want to ban bitcoin because the disadvantages like negative or illegal transactions.Bitcoin can be used for terrorist financing, money laundering, illegal weapons purchases, crime and tax evasion.that why government want to ban bitcoin/ kill it.
I think so I want the government to ban bitcoins because it can be used for illegal activities. But fiat money is also used in illegal activities, maybe they want to do something else. They may want to control it in their hands and to have more profit.
True. Governments around the world are banning BTC and crypto currencies because its transactions are difficult to trace and can be used to store black money, for terrorist funding and other illegal stuffs. But banning crypto currencies is not the solution because crypto's can be banned, but they can never be stopped as the transactions are untraceable and anonymous and doesnt reveal any information about the sender or receiver. banning will only prohibit people from buying crypto currencies using fiat money.
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 mentioned many things which are the only negative side of it. But you have you come to think about the good part it place in the economy for those countries that accepted it? I still believe with time many will accept it after noticing the more good part of it. Bitcoin have helped many people and it will continue to be useful to us all.
All governments are not against bitcoins. In fact any competent leader will be in support of crypto as it can solve a lot of economical problems in their country. At least, one should research about it with an open mind.
Problems occurs governments judge only based on past online scams and think that bitcoin is same.
Problems occurs governments judge only based on past online scams and think that bitcoin is same.
Government want to control everything banks , courts and our digital privacy , in other word government like everything to be centralized and ruled, as you know bitcoin payment system is decentralized peer to peer transaction . That main reason governments all around the world will continuous the fight up to the end .
I think these points are just excuses presented by governments to forbid Bitcoin while preserving their image as protectors or keepers of the people... Fiat finances terrorism, crimes are committed for and with fiat, illegal weapons and smuggling in general is done through fiat, there are several ways to evade taxes without Bitcoins...
These problems exist since a long time ago, it's not because Bitcoin appeared recently that these issues are increasing. And to ban or control Bitcoin isn't a good solution. Actually I really doubt governments are worried about these issues, they are just worried about having less control over individuals lives in a decentralized system, and worried because their partners, the banks, will make less profit if people move their funds to Bitcoin.
These problems exist since a long time ago, it's not because Bitcoin appeared recently that these issues are increasing. And to ban or control Bitcoin isn't a good solution. Actually I really doubt governments are worried about these issues, they are just worried about having less control over individuals lives in a decentralized system, and worried because their partners, the banks, will make less profit if people move their funds to Bitcoin.
Bitcoin claims that it is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. That lack of central authority is the primary reason governments are afraid of the cryptocurrency. Governments control fiat currencies. They use central banks to issue or destroy money out of thin air, using what is known as monetary policy to exert economic influence. They also dictate how fiat currencies can be transferred, enabling them to track currency movement, dictate who profits from that movement, collect taxes on it, and trace criminal activity. All of this control is lost when non-government bodies create their own currencies.
True what you say, the government wants to kill bitcoin for the reasons you mentioned above. but I think not all governments think so, the evidence is that some countries have accepted and legalized Bitcoin as a valid currency and payment instrument. here I say, countries or governments that want to kill Bitcoin or ban Bitcoin, it's because they are not ready with the presence of Bitcoin in this world.
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.
I think your opinion is correct. These are the negative aspects of Bitcoin brought to the world so it is banned in some countries. In addition, that will also affect the future of Cryptocurrency. When bitcoint can not grow well, the Cryptocurrency market will not grow. So the future of Crypto is very vague, we can not wait for a bright future in Crypto if there is no adjustment. but this is just my opinion, so if I am wrong I apologize.
Thank You.
I agree with your reason but I disagree about your title of the topic. Who can kill bitcoin? Government can ban but can't kill. The government want to ban bitcoin because the disadvantages like negative or illegal transactions.
Yes, that's what the government is worried about, so they've chosen to ban bitcoin, but most of the countries that ban bitcoin are corrupt countries, so they're worried about massive capital outflows.
I think government is not that eager to kill bitcoin they might afraid in some point but so far I don't know or we don't have clear evidence that the government has plans in killing or eliminate bitcoin for good.
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.
In my opinion, government aren't that so eager to really end the circulation of cryptocurrency like bitcoin because if they really want to then they should totally ban it right ? I think governments are just against in the usage of bitcoin so they don't allow to legalize it in all places becuase of the negative sides they see on bitcoin such as it can be a tool or a medium in money laundering or scamming other people's money. It can also be use in black market transactions or dealing in illegal trading. There are a lot of factors in bitcoin that a government wants to kill.
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.
it is true, there are many reasons why some countries in this world prohibit bitcoin to be circulated in the country. very much the fear of a country like some of the reasons you mentioned above, but I am sure if the government can make a good regulation the grave of fear will be handled well
I think because bitcoin's anonymity makes it difficult for the government to control, many cybercriminals use bitcoin to trade prohibited items, do not pay taxes to the state, and its safety is not high. What the government wants to do is public safety, maximum security for users. And more importantly, many countries do not have the perfect technology to manage bitcoins in the best way.
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.
You have stated most of the reasons for which governments want to ban bitcoin like illicit activities like smuggling,money laundering are done with the help of btc.Moreover the governments can't have control over these digital coins unlike fiat over which governments do have full control. So they don't favor it because they think they will loose their power with its usage.But soon they will recognize its importance in economic growth and put some legal measures to regulate it. but this is just my opinion, so if I am wrong I apologize.
Thank You.
Government and banks fears bitcoin because they don't control bitcoin and money laundering. Actually government bann bitcoin case they don't get any fees and like taxes.
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 government aren't that desperate to completely shut down the cryptocurrency such as bitcoin. They are just afraid that it will be more successful than it is now. Governments want to lesser the usage of it or worse ban it because of the bad effects of using it such us buying prohibited things, money laundering, fraud, scamming, and so on. They are only worried on the worst part of engaging in bictoin. But others might say that governments want to control the bitcoin badly so they want to kill it.
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