why do governments don't make BTC illegal worldwide ? - page 35.

chillitabit

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Quote from: lentzaj on August 29, 2017, 01:37:34 PM

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 ?

it's become they understand the blockchain is amazing technology and they want to make use of it, but it's not possible if they would decide to ban bitcoin. So it's never going to happen.

rawr1620

newbie

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lately bitcoin is now being accepted by most countries and banks for the certains features bitcoin has to offer to them.

christian1103

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If we compare the total capitalization of crypto currencies and the GDP of the wealthiest countries, we can see that this amount of money is not so big. They will regulate and control us and it has a price as what I know. Taxes be implemented and even our identity be in public and that is never be good.

tamarindbleu

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Quote from: lentzaj on August 29, 2017, 01:37:34 PM

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 ?

. I think it's just right to not illegalized. Bitcoin in the world because it does only good things for all its users and investors in the illegal things is yours for anything that does bad things and with going isn't one of the thing

Cynthialoveyou08

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People will invest a lot on btc and it will affect bank income

kirito1614

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As a matter of first importance, forbidding Bitcoin is something that law based nations can't do transparently. It would make social agitation. Bitcoin is weighty new innovation and not something insidious or unsafe - putting Bitcoin on an indistinguishable level from drugs is blockhead. Rather than being prohibited I envision that bitcoin will be grasped and intensely controlled to take out any sort of wrongdoing.

Roy11

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because in some countries bitcoin is considered beneficial and helps the country's economy, so in some bitcoin countries are not illegal

Sally34

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I'm not too sure if they would want to out themselves for their controlling intentions towards us. Even if they were to true, I highly doubt they would get it right, just like the drugs example mentioned above

baho11

member

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Government dont make BTC illegal worldwide for the reason of many people depend on this .
Life of many people change . BTC provides opportunities and become source of income .

Jossy111

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in my own understanding, i think the reason why government don want to make bitcoin illegal is because its not a fiat money its not a substance like coin or note so no regulations can be on it and its a decentralized currencies that is not supervised by any governor so if anything goes wrong, no government can be held responsible.

conceivedspoon2

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Its a fake news or thought to think that bitcoin is illegal as being agreed by the government. Bitcoin is decentralised and it cannot be control by the government. Governement want a currency that they can control and make money from.

iyamoxjhian

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Because in some country part of government, politics, entertainment or society uses bitcoin as their source of income. It may not be their primary sources but it helps a lot to sustain their needs. In some countries, they were studying whether to legalized or illegalized bitcoin and this will be based on the impact of bitcoin in the society economically, socially whether it's negative or positive. Like here in my country, though many negative news and speculations on bitcoin were spreading still people continues to do it. In fact there were few polticians and showbiz people who continues to use bitcoin.

satria2

member

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Everyone has a very different idea for all countries so that all countries can't make Bitcoin illegal.

budi691

sr. member

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I think bitcoin is having its own space, real proof some bitcoin states make a ban, but bitcoin persists and still exists in the world.

Sean25pogi

member

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In the whole world, the reason why some other countries do not banned and not consider illegal is because they believe that bitcoin is a safe investment and not scam. They sees the great potential and the goal of bitcoin. They give a wonderful income to all people which helps them to raise more money in their own pocket.

Afobaje38

newbie

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If government make it legal worldwide it can decentralized the economy in the way that government cannot control BTC and it's very risky if they are unable to do

Nanknink boy

newbie

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The problem with government and bitcoin is the government's inability to regulate bitcoin as they see fit, which is why bitcoin is always a threat to them. I believe in the near future the way will be taken to set the bitcoin and not declare it illegal and they will not make illegal bitcoins around the world because they know that there are even allegations about bitcoin for being a bad currency.

PLMovs

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Because the government is ignorant of the potentials that bitcoin withholds but most importantly there are afraid of what it could become

Nudee321

newbie

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Because btc is a good new technology.
our world change everyday so they need to accept the new technology
They have to move on!

northstarh

full member

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Merit: 100

Bitcoin is a decentralized electronic money. The government can not control it's transactions and it's development. So, it is not legal worldwide.

Topic: why do governments don't make BTC illegal worldwide ? - page 35. (Read 8117 times)