Topic: Why GOV is not supporting the CRYPTOCURRENCY LIKE OTHER NEW TECHNOLOGY??? (Read 245 times)
April 22, 2018, 09:13:23 PM
Well for the sole reason that they cannot gain from it, thats we called tax. Other people prefer doing a full time on bitcoin because they can earn more and they own their time. ANd the good thing is it doesnt have any tax
April 22, 2018, 09:02:08 PM
I think there is no need to support of the govt. It is the technology which can be used without the support o the govt. Beside this, As the popularity of the BTC is increasing day by day. Time will come then all govt compled to accept BTC.
April 22, 2018, 10:34:29 AM
Well, this technology was created to be against them. Governments and banks want to control all the money in the world and apply taxes for every single dollar you earn. That shouldn't be a problem if governments would use all of those money to develop the country instead of stealing a big part of it. Bitcoin is a technology that people can use to transfer money worldwide anonymous which means governments doesn't have to know about that.
April 22, 2018, 10:19:26 AM
If there are only a little or no merit for supporting the crypto for the government,of course they will leave it alone.The regulation about cryptocurrency is because there are negative effect that has been occur and affect the people.But government has utilized the technology behind crypto,the blockchain to be implemented in some system.
April 22, 2018, 10:09:41 AM
I am thinking this from long time.what is the problem with this.it has lot of benefit like instant transfer any where in the world,less transaction fee,no need to exchange,ONE CURRENCY ONE WOLD.
Then I came to conclusion that this is all because of control.If gov support the cryptocurrency then he loose the control from monetary policy.it can toppel the gov,BECAUSE money is ultimate control of the politics.
this is my opinion ,Am I right or there is any other reason??
I figured it out finally, how the USA is going to cripple bitcoin.Then I came to conclusion that this is all because of control.If gov support the cryptocurrency then he loose the control from monetary policy.it can toppel the gov,BECAUSE money is ultimate control of the politics.
this is my opinion ,Am I right or there is any other reason??
They are going to create a new 'crypto tax' in which every time you convert USD to crypto, they will tax it like a gas tax. So you will have to convert it to Euros first, and then try and go overseas. But if you do any in America, there will be a crypto tax. They will pass a law that ALL regulated conversion companies MUST collect and pass this tax in order to be a recognized banking institution, and all others who fail to comply will be investigated for 'providing money to terrorist organizations' and subsequently shut down.
What this does is pretty crazy. It makes it MORE expensive to purchase the same things at home in the USA than with cash or debit cards, which will immediately stop the adoption of it by vendors.
Banks win, the Government retains control, and people who want to have bitcoin for 'funzies' can still do so. Plus, new banking restrictions are in place and are very hard to get or you have to pay a really high fee for a 'banking permit' to sell and exchange BTC.
Edit: yes, I do own bitcoin, and I fear for this kind of stuff.
April 22, 2018, 10:04:33 AM
I am thinking this from long time.what is the problem with this.it has lot of benefit like instant transfer any where in the world,less transaction fee,no need to exchange,ONE CURRENCY ONE WOLD.
Then I came to conclusion that this is all because of control.If gov support the cryptocurrency then he loose the control from monetary policy.it can toppel the gov,BECAUSE money is ultimate control of the politics.
this is my opinion ,Am I right or there is any other reason??
Then I came to conclusion that this is all because of control.If gov support the cryptocurrency then he loose the control from monetary policy.it can toppel the gov,BECAUSE money is ultimate control of the politics.
this is my opinion ,Am I right or there is any other reason??
Yes, I also think for this reason government is forced to banned crypto currencies.Bitcoin is using for iillegal activities like money laundering.People are also avoiding tax with the help of bitcoin.So I think for these reasons bitcoin is not accepted by any government cordially.
April 21, 2018, 11:55:23 PM
I am thinking this from long time.what is the problem with this.it has lot of benefit like instant transfer any where in the world,less transaction fee,no need to exchange,ONE CURRENCY ONE WOLD.
Then I came to conclusion that this is all because of control.If gov support the cryptocurrency then he loose the control from monetary policy.it can toppel the gov,BECAUSE money is ultimate control of the politics.
this is my opinion ,Am I right or there is any other reason??
Then I came to conclusion that this is all because of control.If gov support the cryptocurrency then he loose the control from monetary policy.it can toppel the gov,BECAUSE money is ultimate control of the politics.
this is my opinion ,Am I right or there is any other reason??
That is indeed one of the reasons why governments doesn't allow bitcoin be legalize in their place. If they accept bitcoin as a digital money, they will lose control in publishing paper money or so on. No one in the sane condition would allow something to grow if they don't have control over it. Another one is you can go anonymously in here. The transaction is also difficult to tracked down.
April 21, 2018, 06:52:36 PM
government is no supporting crypotcurrency because they feel it will over shadow the use of fiat currency and they government know they cant regulate the use of cryptocurrency like bitcoin. government are always scared of anything they cant control
April 21, 2018, 01:22:20 PM
It is very difficult for some governments to agree with that. that in their territory as a means of payment there will be a crypto currency that can not be controlled by it and with which it will be possible to anonymously withdraw money from the country. And the cost of bitcoin is thousands of times greater than any national currency and has greater volatility. It's just an uncontrolled financial bomb inside the country.
April 21, 2018, 04:21:29 AM
because government have no control over cryptocurrency. there are many times cryptocurrency are being used in illegal activities and government can't stop them. maybe they still find a solution how to regulate it before they fully support it.
April 21, 2018, 04:08:45 AM
Cryptocurrencies are created to bypass the middlemen. That means banks and authorities are kept out of financial transactions made with cryptocurrencies. As banks and authorities want to control each and everything that has to do with finance, they will not support and not even allow cryptocurrencies. But they will use the blockchain technology and even create their own centralized cryptocurrency.
April 21, 2018, 04:01:25 AM
Some governments do have a negative attitude to bitcoin. Impose a ban on its use. These are mainly States with dictatorial rule.So want to have control over people ,zastavit people to play by their rules and to turn people into weak-willed herd. All its limitations so is the fight against illicit transactions, money laundering and tax evasion.
April 21, 2018, 04:01:00 AM
such as the government that always looks badly at the cryptocurrency community. I will also give a subjective reason for the government that keeps trying to block cryptocurrency. the reason is very clear, they are just afraid conventional money no longer appeals to the public, whales who have an interest in national banks feel it as a threat to them. and the last reason is the government wants to get a share of a few percent of the money transactions in the crypto market, they want taxes! that's clear.
April 21, 2018, 03:50:17 AM
Would you let something you don't have control over to grow? The same is the case with the government in not promoting or letting crypto currencies to thrive. The governments don't have any control over the crypto currencies and they understand the potential crypto coins have over disrupting the traditional money.
April 21, 2018, 03:36:06 AM
This is because they think this new technology can use by the terrorist against them. Because cryptocurrency is a digital currency that cannot hold by the government. And I think they against them because they cannot put tax in it. 
many people in cryptocurrencies think
that the people that work in the economy for national fiats are just a bunch of robots that love doing that,
nothing is more stupid that thinking that.
many of those people do those jobs because they see no other choice of doing something else.
with cryptocurrencies out there now, these people will now think,
hmm why work?
why not also just create a cryptocurrency, this ultimately leads towards a society in which the productive industry lacks enough labour.
then cryptocurrencies start to destroy the economic and social basis of that society till there is nothing left but just a bunch of money printers looking for idiots to sell them their time.
April 21, 2018, 03:32:01 AM
This is because they think this new technology can use by the terrorist against them. Because cryptocurrency is a digital currency that cannot hold by the government. And I think they against them because they cannot put tax in it.
April 21, 2018, 03:29:02 AM
i think it is because the security reason in cryptocurrency that there are some governments not supporting it.
they cant know who is the owner of the crypto, and they cant tax the crypto.
they cant know who is the owner of the crypto, and they cant tax the crypto.
April 20, 2018, 05:46:01 PM
Beyond everything you mentioned, I respect the fact that its simply the responsible thing to do for a government to be skeptical of a system that completely changes/bypasses their current system. They need to be 200% sure it is a working, stable, life sustaining system. Even if they are supportive, time will have to tell.
Other technology may benefit the govern one or another way. But there are some govern who think that btc is not giving benefit to them. Usually, those are some poor and stupid countries who do not know anything about btc and start to be afraid of something that they do not know. It is common but I think we people should change that fact and should change that point of view. In fact, if those poor people and those poor countries want to take advantage of btc, I am pretty sure that they will become rich and prosperous country. But I guess not everyone can understand how we think, so we can only encourage the people to do so. April 20, 2018, 05:43:10 PM
Beyond everything you mentioned, I respect the fact that its simply the responsible thing to do for a government to be skeptical of a system that completely changes/bypasses their current system. They need to be 200% sure it is a working, stable, life sustaining system. Even if they are supportive, time will have to tell.
April 20, 2018, 05:36:21 PM
I am thinking this from long time.what is the problem with this.it has lot of benefit like instant transfer any where in the world,less transaction fee,no need to exchange,ONE CURRENCY ONE WOLD.
Then I came to conclusion that this is all because of control.If gov support the cryptocurrency then he loose the control from monetary policy.it can toppel the gov,BECAUSE money is ultimate control of the politics.
this is my opinion ,Am I right or there is any other reason??
You're right, the main reason governments across the globe are having a hard time identifying with Bitcoin and cryptocurrencies in general, is in the fact that these coins hands back power to the people to manage their finances by themselves, which is one thing governments after governments have been sitting on in order to maintain the statuesque until Bitcoin showed up. Then I came to conclusion that this is all because of control.If gov support the cryptocurrency then he loose the control from monetary policy.it can toppel the gov,BECAUSE money is ultimate control of the politics.
this is my opinion ,Am I right or there is any other reason??
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