Topic: why do governments don't make BTC illegal worldwide ? - page 55. (Read 8116 times)
I beleive that many governments and banks have changed their attitude towards Bitcoin, it's not anymore so hostile as it used to be. They figured out how they can have use of Bitcoin too and they are very well aware that it's not possible to make it illegal. They accepted it as something inevitable and they don't want the war against Bitcoin anymore.
Answer: it's not possible.
Simple: they make BTC illegal, so BTC gets improvements to the privacy like TumbleBit and people start spending it anonymously for goods and services, often P2P rather than on clearnet marketplaces. People exchange it with fiat or goods anonymously as well.
Sure, the price would take a plunge and there would be less speculation, but that would be fine. Anti-government types would still use it.
It's like the war on drugs: it's simply impossible.
Regardless, there's no real reason why they would make BTC illegal anyway. From their perspective it's pretty much like gold or silver except digital.
Simple: they make BTC illegal, so BTC gets improvements to the privacy like TumbleBit and people start spending it anonymously for goods and services, often P2P rather than on clearnet marketplaces. People exchange it with fiat or goods anonymously as well.
Sure, the price would take a plunge and there would be less speculation, but that would be fine. Anti-government types would still use it.
It's like the war on drugs: it's simply impossible.
Regardless, there's no real reason why they would make BTC illegal anyway. From their perspective it's pretty much like gold or silver except digital.
Why make it illegal if you could just regulate it and get taxes from people who make money with Bitcoin?
That's a whole lot of revenue for the government that they would be missing out on if made illegal.
But Bitcoin is actually also illegal in a couple of countries: https://atozforex.com/news/top-countries-where-bitcoin-is-illegal/
That's a whole lot of revenue for the government that they would be missing out on if made illegal.
But Bitcoin is actually also illegal in a couple of countries: https://atozforex.com/news/top-countries-where-bitcoin-is-illegal/
You are absolutely right. War governments and banks with a turnover of bitcoin is inevitable. Initially, the government did not attach importance to this problem, and now it's too late. The world is not unipolar and a ban in one state would cause all the money will go to another state. The cat will go for it? The government just don't know what to do with bitcoin. This is the calm before the storm.
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 ?
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