Topic: Why did the government want to kill Bitcoin? - page 8. (Read 2301 times)
Because many people used bitcoin for their crime, there are many people used bitcoin to scam others and the government don't know how to control bitcoin they don't know how to put proper tax on it and the government think it is a threat for their local currency and to the bank, that is why the government want to destroy bitcoin.
They just want to control it and therefore the easiest is by banning it.
The high price fluctuations because the value is determined in the hope of future supply and demand (speculative). From these data shows the fluctuations in bitcoin prices are very risky. This is what causes the government to continue to ban the use of bitcoin. Not only that, bitcoin is also at risk of financial system stability in the event of a bubble burst because there is an interaction between virtual currency and the real economy.
I think that governmen'ts reasons to ban btc are economic in nature. After all, the government is connected with banks. People using banks. Cryptocurrency provides us with an opportunity to make the same money transfer operations without banks. And if banks loses commission, the government loses money too. I don’t think that anybody will like it.
The government assumes bitcoin will harm the country's economic system because every transaction is not taxed, if bitcoin continues to dominate control every transaction then the source of state income will be reduced. Besides the pseudonymous factor that makes bitcoin users difficult to trace its identity because most bitcoin users use fake identities, it will increase crime, but that's just some of the government's assumptions. As long as bitcoin is able to prove its credibility in the world, the state may be encouraged to accept bitcoin.
That is also the reason the government banned bitcoin. In my opinion governments have banned bitcoin. Because they can not control manipulating bictoin. Bitcoin will kill intermediary services like banks and it is difficult to levy taxes on bitcoin transactions as they are doing with fiat.
Yes I agree. I also think that the reasons why governments do not fully supported bitcoin and want to kill it instead in the form of banning which already done by some countries is because of bitcoin’s decentralised control, no other intermediary could interfere including them and they couldn’t imposed taxes as well.
I think why the government wants to kill the bitcoin because the government thinks that the bitcoin cannot help their country to grow up and they think that the bitcoin can destroy the transactions with other country. They afraid to steal bitcoin their national currency. So they want to kill or destroy the bitcoin because they don't want to lose their national currency.
because for the bitcoin government does not have a real form so that they assume its value does not exist and can not be accounted for
Sorry, I don't know which government wants to kill the bitcoin, Some Country has banned bitcoin it is right, but most of the country supports bitcoin. Those crimes which you mentioned, is it for the bitcoin's fault? Then do you believe criminal doesn't use real money, Paypal, Neteller or other money? I think you shouldn't believe it. So, Everything has a good and a bad side. we have to agree with it. Bitcoin is not for the criminals, rather bad people use a good coin in their bad activities. That's it.
perhaps the government is afraid bitcoin is used as a criminal act
Bitcoin may often be used on the black market by certain individuals, as virtual money is not directly supervised by the government. This is what makes the government hesitant to use Bitcoin because it is mostly used for criminality. In fact not all Bitcoin owners use it for criminality
Bitcoin may often be used on the black market by certain individuals, as virtual money is not directly supervised by the government. This is what makes the government hesitant to use Bitcoin because it is mostly used for criminality. In fact not all Bitcoin owners use it for criminality
government want to be in charge of bitcoin,that is the reason why they want to kill it first,before they will invest in the the bitcoin
I believe that governments want to know who owns what, the BTC could make its wealth anonymous. Governments want us under control in everything, this is not new. then decentralization increases fear, a decentralized currency is the most anarchic thing we can use today
Bitcoin is the safest way to do a transaction. So many people used to use bitcoin in illegal transactions. Thats why governments try to ban bitcoin.
Because any government seeks control. Control over finances in the first place is the blood of the modern economy. And then right here under their noses, this power flows like sand through your fingers. Of course, this will not suit those who are used to cutting and cutting coupons. The government will outlaw everything that it can not tax or subordinate.
There are more reasons for governments trying to kill bitcoins. Bitcoin can be used in illegal transactions in more ways. Drug deals and weapon deals are some of them. They use BTC Bitcoins Because anyone can't track the transactions. So that is the safest way to illegal transactions. That's why the government tries to kill bitcoins.
Bitcoin is too damaging to the government, not only helping people with tax evasion, it also removes the government's control over the people. Thus, it seems that underground transactions, illegal operations, money laundering, corruption, etc., were carried out without government intervention. So they are trying to kill Bitcoin
you are right they are trying to kill bitcoin because of that some reason that we can may also have to encounter with that we all know this is just to be more against with bitcoin yet and as what we can have to make some money here just not to be out of making this on the government rules for. In some other way this is really helpful but in governments way of thinking they also think that this is not as a helpful thing with them. 
Bitcoin is too damaging to the government, not only helping people with tax evasion, it also removes the government's control over the people. Thus, it seems that underground transactions, illegal operations, money laundering, corruption, etc., were carried out without government intervention. So they are trying to kill Bitcoin
I think that the fact is that bitcoin can disrupt the usual state structure, leave many people without jobs and create problems for politicians, especially dirty ones.
Probably what i think is that most of the governments around the world don't allow the bitcoin in their state because of they might have not the right information about it or don't have the capability to tackle it from the front so they think that it might affect their economy and devalue there national currency.So that's why different governments want to kill it.
Government want to control bitcoin and bitcoin principles is based on decentralization which is the main stay of bitcoin.If the anonymity of bitcoin is eroded
then there will be nothing like crypto again. The bottom line is that government is bringing the issue of bitcoin being used to commit evil is not the main reason why they are after bitcoin.
then there will be nothing like crypto again. The bottom line is that government is bringing the issue of bitcoin being used to commit evil is not the main reason why they are after bitcoin.
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