Why did the government want to kill Bitcoin? - page 5.

milandres0207

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Quote from: Handsome Boy on July 20, 2018, 07:48:35 PM

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, not all government are against on bitcoin and beside they have also a way on how they protect their government on the illegal use of bitcoin if they have a proper iluse of bitcoin too. And all users of bitcoin has its identity on having a bitcoin in their wallet it has recorded and if they have an illegal action, then they are easily trace.

spaopera

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because the government considers that bitcoin will disrupt state and bang finances, so the government wants to kill bitcoin.

mifanmuzny

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If all of the world power governments decided to ban Bitcoin, that would effectively kill it. No, it wouldn't disable it, but making it "dirty" money would mean that all transactions become black market, and that's not sustainable. There's also Net Neutrality to worry about. ISPs could easily collude to cripple blockchain networks.

interestinglie

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In my opinion, I think the main reason why the government want to kill bitcoin is tax.

pendong101

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I don't think they want to banned nor kill it, what i think is they want to control it but it's not possible because bitcoin is designed to be not controlled by anyone

tamradhwaj

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Trade is not a criminal offence. Most of us trade in various asset classes in the stock market. So how is this [cryptocurrency trading] any different? What has to be in place is a mechanism to be sure that the money used is not illegal money, and to track its source is the most important thing for government.
that's why government want to kill bitcoin.

paimen

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In my opinion, there are governments that intend to turn off Bitcoin because they consider Bitcoin to be a digital currency that can hinder a country's economic rate.
If we see now there are many who are interested in using Bitcoin rather than conventional currency rates to make investments.
I think this is the basis for the reason the government wants to turn off Bitcoin.

Gamerholic

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To kill is too loud a word. Even if one believes in the theory of conspiracies and so on, it is unlikely that, given the technological decisions, to subdue or destroy the blockchain. Although sometimes this is not required. It is enough to bring to the market 1-2 trillion dollars and everything, it's done! After all, then buying up everything that is will lead to monopolization and control. So do not sell your tokens - who knows in the future this will be a sign of your personal freedom? ))

athlete

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I think the state is simply afraid of losing its power over people, so they come up with various false stories. What would people stay as long as possible in the old system.

giantrobot

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Bitcoin is a high value digital currency, in addition to bitcoin online transactions, it is very difficult for the state to collect taxes. To survive, bitcoin must contribute to the economy of the nation

The Cryptologist

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Quote from: Handsome Boy on July 20, 2018, 07:48:35 PM

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.

Really? So how come these terrorists and criminals managed to do their things when bitcoin still did not exist? The government is just lying to us because bitcoin will decrease their power to control and manipualte us by using fiat. They could also be be the ones who funds terrorist in the first place.

Anewor

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Bitcoin could have an impact in the economy aside from those things you mentioned about crimes. Many are afraid that it could potentially create some economic crisis due to misuse or wasting of money through scams or hacking. This idea was what fears my government before but now had open its door to bitcoin and have planned and studied it for possible regulation to avoid the things I have mentioned.

LigwagGanern

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Quote from: Handsome Boy on July 20, 2018, 07:48:35 PM

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 government want to kill bitcoin because we all know bitcoin have no tax. And government needs tax as a fund for their projects or activities for their city. If they accept bitcoin in their country where did they get money, that is the reason why they are against to bitcoin.

Rumayanhi

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You just said the reason why the government wants to ban bitcoin.
if I think personally, the government wants to kill Bitcoin because they want to control Bitcoin like other currencies but Bitcoin is called a digital currency, so they can't control it

xenxen

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the government want to kill bitcoin because bitcoin is desentralized and they may not know how to get taxes from investors... and some illegal activity cannot be traces using via bitcoin transaction..

brainsmart

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This is as a result of them not been able to control the bitcoin as they want to personally control bitcoin but to no avail

HandsomePeople

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Government want to control bitcoin and not kill it, for crime, terrorist and this kinda bullshit most of time it's fad, because even on blockchain Government can still track it.

SaiWAFU

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Exactly, that's why most government wants to regulate bitcoin as it could compromise the country's security.

Of course a lot have opposed this and some government even does not have technology to regulate it resulting to complete banning of it.

Shiro21

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I think some governments have no choice but to not legalize bitcoin in their country, this is done to avoid the fall of the national currency and a number of criminal cases. but some countries have also begun to open up on this cryptocurrency innovation, with the growing development of bitcoin and the growing popularity of bitcoin enthusiast, it does not rule out the possibility that bitcoin will become a global currency.

khaled0111

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Don't be too stupid, bitcoin is as any other currency and can be used to finance illegal activities as it can be used to finance charitable organizations.
Bitcoin is a currency si treat it this way. Don't listen to stupid people saying bitcoin is a threat.

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