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Topic: Why do some government ban bitcoin? - page 20. (Read 12625 times)

member
Activity: 154
Merit: 10
January 26, 2018, 08:18:04 AM
I think we should stop using the word “ban” as in reference to Bitcoin by the government. I do not think it is in the cards. But Bitcoin alternatives and Bitcoin regulations are. As well as some catastrophic events like wars that can disrupt blockchain for the social good and instead lead to the blockchain for control and domination. This is how I see it.











newbie
Activity: 85
Merit: 0
January 26, 2018, 08:11:37 AM
some of government ban bitcoin because they think bitcoin may be used in illegal activities and their are no control of government on bitcoin because bitcoin is a online currency the currency of government may also be affected from bitcoin.
sr. member
Activity: 532
Merit: 327
January 26, 2018, 07:50:48 AM
Easier just to ban it than regulate it and earn from it. They can't tax it = they ban it , it is how it is Cheesy
member
Activity: 532
Merit: 15
January 25, 2018, 09:19:30 AM
Because Bitcoin is the real Bank Killer and Governments don't wanna lose their control over the economy.
member
Activity: 156
Merit: 10
Bounty Campaign Management
January 25, 2018, 09:02:21 AM
Bitcoin is new to every government or nation. It has already existed and is recognized by some of them. Yes, not all of the nations are in favor of using it fully. They are threatened by the way it will be used like in illegal activities. Another thing is that, they are out of full control of the bitcoin. They find it hard to fully regulate it.
full member
Activity: 191
Merit: 100
January 25, 2018, 08:56:10 AM
Some countries prohibit its citizens to use it because bitcoin has been use before in illegal activities that was uncovered by the authorities and they are afraid that its citizens will have an idea of using it for the same purpose. Because of its anonymity, some people who do something unlawful prefer to use it instead of payment option that is traceable and that's why some media also emphasize more the negativity of using bitcoin and other crypto that's why others prefer not to be involved with it.
Yes, i agree about it. Some government were threatened about what bitcoin can do that is why they tend to ban it. Bitcoin as convenient as it is, has also been used in illegal doings and jobs which might affect a country and the citizen of that country. As it opens a door for more opportunities, it also somwhat opens a door for those who will take advantage of it and use it in gambling amd such. Also negative news about bitcoin became a huge problem for it might affect the security systems of banks which were also lead by the government.
newbie
Activity: 98
Merit: 0
January 25, 2018, 08:51:42 AM
Because some countries do not recognize bitcoin.
Think bitcoin is a scam.
The anonymity of bitcoin makes the country unable to control bitcoin.
jr. member
Activity: 176
Merit: 1
Presale is live: BitPenta.com
January 25, 2018, 08:47:10 AM
While there are still many governments that prohibit bitcoin, in my country the government also forbids bitcoin on the grounds that bitcoin is not a legitimate currency and is also feared for money launderers and as a means of terrorist financing. maybe each country has its own reasons.
member
Activity: 325
Merit: 10
January 25, 2018, 08:38:38 AM
Many country government ban bitcoin because this coin is not control by their central bank.They think that this is a illegal transections.They still don't know how to regulate it.
newbie
Activity: 41
Merit: 0
January 25, 2018, 06:20:18 AM
Bitcoin is anonymous and the government cannot control it.
Bitcoin transactions don't have to pay taxes, the government doesn't get a profit.
Bitcoin is used by criminals to facilitate crime.
soy
legendary
Activity: 1428
Merit: 1013
January 25, 2018, 06:14:59 AM
Bitcoin ban some government because every government has won rule to control their economic condition. But they have no control of bitcoin and it use. Bitcoin user dose not pay tax for this. Some country ban bitcoin to save their economic strategy.
full member
Activity: 147
Merit: 100
January 25, 2018, 06:13:29 AM
Because government cannot regulate thats why they ban some countries but today some government looking for alternative way to control cryptocurrency.
newbie
Activity: 70
Merit: 0
January 25, 2018, 05:57:52 AM
they hate an entity that they cannot control, they see crypto as something new that could affect the taxes that they get from people.
sr. member
Activity: 523
Merit: 285
January 25, 2018, 05:56:09 AM
Because global forces controls governments, governments control people. Bitcoin cannot be controlled by anyone and it destroys this rotten pyramid. So, governments say "if I don't control this, I must ban bitcoin to scare and make them get away from it"
member
Activity: 246
Merit: 13
January 25, 2018, 05:55:34 AM
I See topics about banning and I want to ask.

Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.  


It is because bitcoin has the potential to be the digital currency globally and the government is afraid for the fact that the event like that may occurs in the future and it has the power to control the money system around the world. They are also afraid because bitcoins price is unstable, only the statistician and some statistician were hard to tell how or when will the bitcoin price will rise up. The government also thinks that bitcoin is a world wide scam. Yes this event is possible because we do not know who runs the bitcoin. We only know that the bitcoin is created by a man with a code name Satoshi Nakamoto.
newbie
Activity: 24
Merit: 0
January 25, 2018, 05:40:54 AM
I See topics about banning and I want to ask.

Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.  


In my opinion it because governments afraid to lose power of there currency.
Government don't want there population start using other currencies that aren't theres.
jr. member
Activity: 75
Merit: 1
January 25, 2018, 03:45:14 AM
they still dont know how to regulate it, and fear that their authority through unlimited printing of fiat currency will vanish if they accept bitcoin
newbie
Activity: 42
Merit: 0
January 25, 2018, 02:42:29 AM
Bitcoin has been a major disruptor  and its socialist monetary policies.  it is believed that the government has perceived the growing interest of the digital currency as a threat especially as investors have been seen to buy up Bitcoin
member
Activity: 713
Merit: 31
January 25, 2018, 02:39:29 AM
fear of the losing control.. thanks to money like usd etc. governments control people but bitcoin is a financial freedom Cool
newbie
Activity: 84
Merit: 0
January 25, 2018, 02:39:11 AM
Because bitcoin is anonymous and you dont need a bank for opertions in it. Also they want to ban it, becasuse governments dont know how to tax bitcoin
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