Topic: why do governments don't make BTC illegal worldwide ? - page 2. (Read 8116 times)
Point of correction - it is some govt. Well i bliv its a threat to their currency.
I think due to different problems or different reasons of each government agency in the world.Yes indeed there are some institutions that have common thoughts and principles that are approved by each government or country.
because there are places with no skills to bitcoin they have people who also don't know the country and also with bitcoin without technology to use the bitcoin.
I think they only narrow the income economy of small people who earn only by searching BTC.
Because people perceive things differently, when one person deems bitcoin to be fraudulent and a threat, another sees it as a reliable means of payment and a profitable investing instrument, and the governments of each country does the same.
As the world has just started to understand what bitcoin truly is and the benefits it comes with, those perception varies greatly. Conservative countries find it a threat while innovative ones find a good use for it.
The good thing right now is that we are seeing lots of countries interested in the technology it packs with and is looking forward to take advantage of the blockchain as early as now. And as long as that interest in the blockchain lives, we are certain that bitcoin will continue to thrive and move forward.
We might not see government backing in the near future, but a lot of what's happening right now might eventually end us up that path.
As the world has just started to understand what bitcoin truly is and the benefits it comes with, those perception varies greatly. Conservative countries find it a threat while innovative ones find a good use for it.
The good thing right now is that we are seeing lots of countries interested in the technology it packs with and is looking forward to take advantage of the blockchain as early as now. And as long as that interest in the blockchain lives, we are certain that bitcoin will continue to thrive and move forward.
We might not see government backing in the near future, but a lot of what's happening right now might eventually end us up that path.
I believe that those other countries sees bitcoin as an opportunity and not a threat to them while others are just to blinded by greed and quickly assume that bitcoin is a threat to them. Sometimes we quickly assume that givernment only think about themselves. Not all government are corrupt and only want to be rich, some government also really thinks about the welfare of the people.
I think the governments do not want the BTC to affect their economies. I think because they have not seen the real value that Bitcoin can bring to the economy of their country.
We all know that we can't please everyone to believe in what we believe because everyone has its own free will, I'm just hoping that in the future majority of the governments in the world will see the potential of crypto currencies and make it legal on their respective countries. It's true that there are some governments that see Bitcoin or crypto currencies as a threat to their economy and a threat to their citizens, maybe they have a different point of view and we just need to respect them. 
Each country has a different policy, in some countries bitcoin is legalized but there are also those that prohibit the use of bitcoin in their country. The goal is to protect its citizens from the bad side of bitcoin. As a bitcoin digital currency is clearly not wrong, the wrong is people who see a gap to misuse the system in bitcoin trading and cheat or do illegal business. That is what the government feared.
That's correct, and the misusing of this technology is one of the reasons why other governments ban or prohibit their citizens to use or possess this kind of digital currency. In my own opinion and point of view, it is better to regulate and amend the use of Bitcoin or other forms of crypto currencies because this technology has a very huge potential and governments already saw that but making legislation takes a lot of time especially when it is not prioritized by a specific government. 
It is not profitable, because under any circumstances cryptocurrency is the future of all countries, the whole world.
I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
I think they do not make bitcoin illegal worldwide because they still hoping that someday they are the one who control it. Actually we all know that government wanted only to put a tax on it and that is the start of everything.
The smart governments instead of banning bitcoin are making money out of taxing it. For example in Netherlands government allows almost everything and makes millions to the budget from taxes. It looks like a very smart move and other countries should take an example from them.
If you see correctly, everyone is milking bitcoins only :
1) If the developers had a large quantity kept at initial prices, they would be in most profit. I doubt this though.
2) Users are also buying and selling for profit. No focus on using it as a payment medium.
Governments would do this to prohibit this, this is a threat to them. In my opinion, everything is easier for them with a crypto currency. They and the people they serve can perform their dirty work without the so-called can not be traced.
I think the governments do not want the BTC to affect their economies. I think because they have not seen the real value that Bitcoin can bring to the economy of their country.
Each country has a different policy, in some countries bitcoin is legalized but there are also those that prohibit the use of bitcoin in their country. The goal is to protect its citizens from the bad side of bitcoin. As a bitcoin digital currency is clearly not wrong, the wrong is people who see a gap to misuse the system in bitcoin trading and cheat or do illegal business. That is what the government feared.
The government can not ban Bitcoin by telling it to be illegal. Because Bitcoin has become an international currency in today's time. And the government also has the address. Our country will benefit from Bitcoin in the future. So the government can not ban Bitcoin
I think they're just afraid of him. Of course, because the blockchain can bring down the entire world banking monopoly.
I think they are protecting there people, because we all know that bitcoin is a digital money who's the transactions is online, no one can trace it. So it can be used by bad people sorrounded us.
I think they're just afraid of him. Of course, because the blockchain can bring down the entire world banking monopoly.
Bitcoin is Technology and the technology is demand-able and good, there is no any reason to ban it. Some countries bitcoin is considered beneficial and helps the country's economy. They accepted it as inevitable and they did not want to fight against Bitcoin again.
I think Government control the National Currency to prevent Bitcoin to be the world currency but i think the purpose of bitcoin is a good source of income to help nation by nation to have money.
It's very early to talk about governments adopting bitcoin.
Not making it illegal is a win right now.
Not making it illegal is a win right now.
Menurut pendapat saya tentang bitcoin masih ilegal dinegara kita,karna pemerintah masih takut tentang eksistensi dari pada bitcoin dan kalau bitcoin legal di indonesia akan menjadi bombatis bagi bank dinegara ini,sebab crypto BTC lebih tinggi harganya dibandingkan harga rupiah dan lebih cepat gerakannya dalam pelayanan pablik.
The smart governments instead of banning bitcoin are making money out of taxing it. For example in Netherlands government allows almost everything and makes millions to the budget from taxes. It looks like a very smart move and other countries should take an example from them.
I think some government have no enough knowledge about BTC and lack of information.or they are afraid to change their fiat money to cryptocurrencies because there is possible for that prediction.
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