The decentralization of Bitcoin is out of their control and they are more used to the centralized way without really realizing the benefits and importance of Bitcoin.
As bitcoin is accepted by more and more people, it is more valued, and they will slowly accept it.
Topic: Why many USA senator against bitcoin? (Read 396 times)
There are many reasons for this, but in fact one of the most simple is their age, in most countries there is a minimum age needed to become a Senator, which means that most of them are old, and as we know there is a generational breach that sometimes is impossible to overcome.
So while for a young person something like bitcoin is something they can easily accept, as their lives are more and more digital, this is not as easy for those of the previous generations, and as such they have problems accepting a form of money that is impossible to touch with their hands.
So lets narrow it.So while for a young person something like bitcoin is something they can easily accept, as their lives are more and more digital, this is not as easy for those of the previous generations, and as such they have problems accepting a form of money that is impossible to touch with their hands.
1. Age
2. Things they do prefer which is on those old and not to this new era where everything is almost dealing with online or digital
3. Emotion
4. Sticking on what government do allow
5. Being not open minded
6. Doesnt accept changes or have that principle on what he should believed.
etc.
As part of governing body on a particular country then you would stick out on centralized things no matter what.
Those people do not see with good eyes something like bitcoin as the control they have with fiat currencies is so extreme that anything less than that feels like a loss to them, so they are not willing to give up the power they have, and this is why they oppose bitcoin and any decentralized currency with all the influence and power they have.
That sounds harsh when you call them old he he but I think its not about how old with them because there are also older people that like btc and there are also young people that does not like btc. Since, there are people that does not like to use a btc. Why are they worrying too much and thinks btc will take over dollar? Also I do not think that its a bad thing for bitcoin to be taxed but is not it supposed to be good? Because, that only means that they legalize btc as a currency if they will taxed it.
USA dollar is so powerful because this is the primary currency to measure btc. USA adopting btc wont affect their influence over the other countries because I think its not only about the currency but its the overall performance of a country.
The taxing of it is definitely not something that you should be worried about because it means it is legalized but the regulations are not stopping with the taxes neither. Look at New York and look at Texas, the differences there are staggering.USA dollar is so powerful because this is the primary currency to measure btc. USA adopting btc wont affect their influence over the other countries because I think its not only about the currency but its the overall performance of a country.
While in New York it would be nearly impossible to get a license to start a business and you would have to basically give up so much, whereas in Texas you could start one for 250 bucks and basically a promise to not do anything illegal. That type of difference what makes these types of senators go against bitcoin and this is what makes regulations matter the most for crypto people as well.
Yes, we would love a regulation but what type of it? If it is New York kind then it would be horrible, if it is the Texas kind then it would be wonderful. It is not always "they made it legal and that is a good thing" if the legal part comes with so much problems.
it is not about being old, i guess, it is more on their knowledge about BTC. the more they know about BTC, the more open they will be in the cryptocurrency market. a lot of course will stick to their fiat. but what we are asking is to be more acceptance about BTC market. maybe sooner or later, they will realised that having a logical approach towards crypto like straightforward laws about its taxation will be better rather than ignoring its continued presence. because even without their intervention, crypto market is growing and i don't think anyone can totally stop its movement.
Most of the bitcoin hater's excuse about bitcoin is about its instability and market manipulation. They think this market is controlled by a few elites and legalizing it without any proper regulatory framework will create a risky environment for their citizens. I can not deny that fact but what disappoints me is their little approach towards crypto. Millions of people are already invested in crypto so spending some time on shaping a legal framework will help those investors a lot.
We have seen there are miscellaneous reactions about bitcoin among US senators. On one side Colorado Governor Jared Schutz Polis announced that "his state will begin accepting Bitcoin for tax payments starting this summer" on the other hand Senators Jim Risch, Bill Cassidy, and Bob Mendez look aggressive against any step towards bitcoin implementations.
Some said using bitcoin as payments instead of US dollars will demolish the sanction power of the USA towards other countries. Do they fear bitcoin for losing control over the world economy or do they know the adoption of bitcoin will diminish the unchallenged sovereignty of USD?
Old man prefer old methods so expect that this new technology on financing system will not be good to them since they cannot relate on it and maybe they always look at its downside. Maybe in next batch of US senator if they elect new generation one maybe we can see a open minded people dealing up with new economic changes. For now for sure we can see majority of them prefer fiat over anything else in the world.Some said using bitcoin as payments instead of US dollars will demolish the sanction power of the USA towards other countries. Do they fear bitcoin for losing control over the world economy or do they know the adoption of bitcoin will diminish the unchallenged sovereignty of USD?
USA dollar is so powerful because this is the primary currency to measure btc. USA adopting btc wont affect their influence over the other countries because I think its not only about the currency but its the overall performance of a country.
it is not about being old, i guess, it is more on their knowledge about BTC. the more they know about BTC, the more open they will be in the cryptocurrency market. a lot of course will stick to their fiat. but what we are asking is to be more acceptance about BTC market. maybe sooner or later, they will realised that having a logical approach towards crypto like straightforward laws about its taxation will be better rather than ignoring its continued presence. because even without their intervention, crypto market is growing and i don't think anyone can totally stop its movement.
I see in the US or Australia a lot of crypto exchanges are operating, so the transfer fee is very small. At my place, to send any amount of BTC, the transfer fee must be more than $20 
because there are too few officially operated exchanges here.
because there are too few officially operated exchanges here. We have seen there are miscellaneous reactions about bitcoin among US senators. On one side Colorado Governor Jared Schutz Polis announced that "his state will begin accepting Bitcoin for tax payments starting this summer" on the other hand Senators Jim Risch, Bill Cassidy, and Bob Mendez look aggressive against any step towards bitcoin implementations.
Some said using bitcoin as payments instead of US dollars will demolish the sanction power of the USA towards other countries. Do they fear bitcoin for losing control over the world economy or do they know the adoption of bitcoin will diminish the unchallenged sovereignty of USD?
Old man prefer old methods so expect that this new technology on financing system will not be good to them since they cannot relate on it and maybe they always look at its downside. Maybe in next batch of US senator if they elect new generation one maybe we can see a open minded people dealing up with new economic changes. For now for sure we can see majority of them prefer fiat over anything else in the world.Some said using bitcoin as payments instead of US dollars will demolish the sanction power of the USA towards other countries. Do they fear bitcoin for losing control over the world economy or do they know the adoption of bitcoin will diminish the unchallenged sovereignty of USD?
USA dollar is so powerful because this is the primary currency to measure btc. USA adopting btc wont affect their influence over the other countries because I think its not only about the currency but its the overall performance of a country.
We have seen there are miscellaneous reactions about bitcoin among US senators. On one side Colorado Governor Jared Schutz Polis announced that "his state will begin accepting Bitcoin for tax payments starting this summer" on the other hand Senators Jim Risch, Bill Cassidy, and Bob Mendez look aggressive against any step towards bitcoin implementations.
Some said using bitcoin as payments instead of US dollars will demolish the sanction power of the USA towards other countries. Do they fear bitcoin for losing control over the world economy or do they know the adoption of bitcoin will diminish the unchallenged sovereignty of USD?
There are many reasons for this, but in fact one of the most simple is their age, in most countries there is a minimum age needed to become a Senator, which means that most of them are old, and as we know there is a generational breach that sometimes is impossible to overcome.Some said using bitcoin as payments instead of US dollars will demolish the sanction power of the USA towards other countries. Do they fear bitcoin for losing control over the world economy or do they know the adoption of bitcoin will diminish the unchallenged sovereignty of USD?
So while for a young person something like bitcoin is something they can easily accept, as their lives are more and more digital, this is not as easy for those of the previous generations, and as such they have problems accepting a form of money that is impossible to touch with their hands.
1. Age
2. Things they do prefer which is on those old and not to this new era where everything is almost dealing with online or digital
3. Emotion
4. Sticking on what government do allow
5. Being not open minded
6. Doesnt accept changes or have that principle on what he should believed.
etc.
As part of governing body on a particular country then you would stick out on centralized things no matter what.
We have seen there are miscellaneous reactions about bitcoin among US senators. On one side Colorado Governor Jared Schutz Polis announced that "his state will begin accepting Bitcoin for tax payments starting this summer" on the other hand Senators Jim Risch, Bill Cassidy, and Bob Mendez look aggressive against any step towards bitcoin implementations.
Some said using bitcoin as payments instead of US dollars will demolish the sanction power of the USA towards other countries. Do they fear bitcoin for losing control over the world economy or do they know the adoption of bitcoin will diminish the unchallenged sovereignty of USD?
There are many reasons for this, but in fact one of the most simple is their age, in most countries there is a minimum age needed to become a Senator, which means that most of them are old, and as we know there is a generational breach that sometimes is impossible to overcome.Some said using bitcoin as payments instead of US dollars will demolish the sanction power of the USA towards other countries. Do they fear bitcoin for losing control over the world economy or do they know the adoption of bitcoin will diminish the unchallenged sovereignty of USD?
So while for a young person something like bitcoin is something they can easily accept, as their lives are more and more digital, this is not as easy for those of the previous generations, and as such they have problems accepting a form of money that is impossible to touch with their hands.
We have seen there are miscellaneous reactions about bitcoin among US senators. On one side Colorado Governor Jared Schutz Polis announced that "his state will begin accepting Bitcoin for tax payments starting this summer" on the other hand Senators Jim Risch, Bill Cassidy, and Bob Mendez look aggressive against any step towards bitcoin implementations.
Some said using bitcoin as payments instead of US dollars will demolish the sanction power of the USA towards other countries. Do they fear bitcoin for losing control over the world economy or do they know the adoption of bitcoin will diminish the unchallenged sovereignty of USD?
Some said using bitcoin as payments instead of US dollars will demolish the sanction power of the USA towards other countries. Do they fear bitcoin for losing control over the world economy or do they know the adoption of bitcoin will diminish the unchallenged sovereignty of USD?
The US dollar is the world reserve financial instrument and yes they fear bitcoin. It's fair though, most people fear what they don't understand. With all the dumb stories about it being a criminally used instrument they dont trust it. And if they don't have any and the people that do become the new 1% that leaves them in the company of regular people like us again lol.
We have seen there are miscellaneous reactions about bitcoin among US senators. On one side Colorado Governor Jared Schutz Polis announced that "his state will begin accepting Bitcoin for tax payments starting this summer" on the other hand Senators Jim Risch, Bill Cassidy, and Bob Mendez look aggressive against any step towards bitcoin implementations.
Some said using bitcoin as payments instead of US dollars will demolish the sanction power of the USA towards other countries. Do they fear bitcoin for losing control over the world economy or do they know the adoption of bitcoin will diminish the unchallenged sovereignty of USD?
Some said using bitcoin as payments instead of US dollars will demolish the sanction power of the USA towards other countries. Do they fear bitcoin for losing control over the world economy or do they know the adoption of bitcoin will diminish the unchallenged sovereignty of USD?
The US dollar is the world reserve financial instrument and yes they fear bitcoin. It's fair though, most people fear what they don't understand. With all the dumb stories about it being a criminally used instrument they dont trust it. And if they don't have any and the people that do become the new 1% that leaves them in the company of regular people like us again lol.
Uuhm you are right they would all have their own different reasons why they are afraid of accepting Bitcoin. It’s possible that some of them would be afraid that Bitcoin is going to replace the USD, so they are now fighting against it cause of what they believe would happen if they should give it a chance.
While for some of them is also possible that they don’t really have any good reason at all and they just simply think that Bitcoin is a scam, so they just don’t want it because they feel it is not right for it to be accepted.
For now, Bitcoin is still newcomer so it’s definitely going to take time for a lot of people to understand it and also it's going to take time for it to create a balance and be able to be accepted. So it’s just a matter of time.
Whatever new or alien in a country will definitely be not accepted in the first place especially if its going to ruin the reputation of their own official currency. That is on how they look bitcoin as they think it would bring threat and maybe replace their US currency. But bitcoin does not compete with dollar. Its only here as a great asset or investment, and a good currency that will be a good alternative for US dollar. But those senators are seeing more negativity on bitcoin as it would help more scamming activities to be more possible with the use of bitcoin. you are right they would all have their own different reasons why they are afraid of accepting Bitcoin. It’s possible that some of them would be afraid that Bitcoin is going to replace the USD, so they are now fighting against it cause of what they believe would happen if they should give it a chance.While for some of them is also possible that they don’t really have any good reason at all and they just simply think that Bitcoin is a scam, so they just don’t want it because they feel it is not right for it to be accepted.
For now, Bitcoin is still newcomer so it’s definitely going to take time for a lot of people to understand it and also it's going to take time for it to create a balance and be able to be accepted. So it’s just a matter of time.
that considerate on adopting but doesnt mean that they would be allowing it to move freely or something that they wouldnt tend to spot or observe on.So its better not to make yourself get surprised
because these would really be a typical kind of reaction or actions against on something which couldnt be controlled.
Quote
Bitcoin boosters Cynthia Lummis and Pat Toomey are the only two senators invested in crypto
https://markets.businessinsider.com/news/currencies/cynthia-lummis-pat-toomey-bitcoin-booster-senators-invested-in-crypto-2021-12i don't know how many senators in the US because i don't really follow news about US but it's very clear, not all (senators in the US) are against Bitcoin, there is still hope for Bitcoin to be accepted there in the future. let's stay optimistic about Bitcoin acceptance in US.
Uuhm you are right they would all have their own different reasons why they are afraid of accepting Bitcoin. It’s possible that some of them would be afraid that Bitcoin is going to replace the USD, so they are now fighting against it cause of what they believe would happen if they should give it a chance.
While for some of them is also possible that they don’t really have any good reason at all and they just simply think that Bitcoin is a scam, so they just don’t want it because they feel it is not right for it to be accepted.
For now, Bitcoin is still newcomer so it’s definitely going to take time for a lot of people to understand it and also it's going to take time for it to create a balance and be able to be accepted. So it’s just a matter of time.
Whatever new or alien in a country will definitely be not accepted in the first place especially if its going to ruin the reputation of their own official currency. That is on how they look bitcoin as they think it would bring threat and maybe replace their US currency. But bitcoin does not compete with dollar. Its only here as a great asset or investment, and a good currency that will be a good alternative for US dollar. But those senators are seeing more negativity on bitcoin as it would help more scamming activities to be more possible with the use of bitcoin. you are right they would all have their own different reasons why they are afraid of accepting Bitcoin. It’s possible that some of them would be afraid that Bitcoin is going to replace the USD, so they are now fighting against it cause of what they believe would happen if they should give it a chance.While for some of them is also possible that they don’t really have any good reason at all and they just simply think that Bitcoin is a scam, so they just don’t want it because they feel it is not right for it to be accepted.
For now, Bitcoin is still newcomer so it’s definitely going to take time for a lot of people to understand it and also it's going to take time for it to create a balance and be able to be accepted. So it’s just a matter of time.
We have seen there are miscellaneous reactions about bitcoin among US senators. On one side Colorado Governor Jared Schutz Polis announced that "his state will begin accepting Bitcoin for tax payments starting this summer" on the other hand Senators Jim Risch, Bill Cassidy, and Bob Mendez look aggressive against any step towards bitcoin implementations.
You said senators, there are many senators in United States, they can not have the same opinion, some senators will favor this while some will not, I do not see this surprising for few people to against something out of many.Some said using bitcoin as payments instead of US dollars will demolish the sanction power of the USA towards other countries. Do they fear bitcoin for losing control over the world economy or do they know the adoption of bitcoin will diminish the unchallenged sovereignty of USD?
It is a very good reason, I do not know how it is connected but I know using USD will give some power to US and is a means of having more control. But this should be looked into and known if it is good or not before making any proceed. What I am most after is for a country to be friendly with bitcoin and US is bitcoin friendly. 
Uuhm you are right they would all have their own different reasons why they are afraid of accepting Bitcoin. It’s possible that some of them would be afraid that Bitcoin is going to replace the USD, so they are now fighting against it cause of what they believe would happen if they should give it a chance.
While for some of them is also possible that they don’t really have any good reason at all and they just simply think that Bitcoin is a scam, so they just don’t want it because they feel it is not right for it to be accepted.
For now, Bitcoin is still newcomer so it’s definitely going to take time for a lot of people to understand it and also it's going to take time for it to create a balance and be able to be accepted. So it’s just a matter of time.
you are right they would all have their own different reasons why they are afraid of accepting Bitcoin. It’s possible that some of them would be afraid that Bitcoin is going to replace the USD, so they are now fighting against it cause of what they believe would happen if they should give it a chance.While for some of them is also possible that they don’t really have any good reason at all and they just simply think that Bitcoin is a scam, so they just don’t want it because they feel it is not right for it to be accepted.
For now, Bitcoin is still newcomer so it’s definitely going to take time for a lot of people to understand it and also it's going to take time for it to create a balance and be able to be accepted. So it’s just a matter of time.
Quote
Bitcoin boosters Cynthia Lummis and Pat Toomey are the only two senators invested in crypto
https://markets.businessinsider.com/news/currencies/cynthia-lummis-pat-toomey-bitcoin-booster-senators-invested-in-crypto-2021-12i don't know how many senators in the US because i don't really follow news about US but it's very clear, not all (senators in the US) are against Bitcoin, there is still hope for Bitcoin to be accepted there in the future. let's stay optimistic about Bitcoin acceptance in US.
Fear of the unknown or fear of losing money straight in their pockets.
I don't see why they are so against it while Bitcoin had been valued for years. People will buy it and it's still their money which is going to be used for that purchase. The other concern I see is why do they allow digital payments which are also prone to be corrupted just showing numbers with nothing to back it up and they cost fees that makes you think about just going straight in the payment center rather than use their services.
Just like someone pointed out, most of these guys that are senators are old people and they still believe in the old ways of doing things. For you to convince them is going to be really difficult because of how they were brought up and some of them find it difficult to understand the things of this era. So, it’s really quite difficult and they wouldn’t really get it.I don't see why they are so against it while Bitcoin had been valued for years. People will buy it and it's still their money which is going to be used for that purchase. The other concern I see is why do they allow digital payments which are also prone to be corrupted just showing numbers with nothing to back it up and they cost fees that makes you think about just going straight in the payment center rather than use their services.
But, there are still some of them who do understand it, and they are smart enough to catch up with the advancement in technology and all that. But the good thing is that Bitcoin will still keep circulating and the world will keep on accepting it, and when it gets to the extent where those who are opposing it are no longer able to oppose it, and they don’t stand a chance any longer, they would have no other option than to accept it.
Some said using bitcoin as payments instead of US dollars will demolish the sanction power of the USA towards other countries. Do they fear bitcoin for losing control over the world economy or do they know the adoption of bitcoin will diminish the unchallenged sovereignty of USD?
They should fear bitcoin and bitcoin power, not just the senators but all the political men who care about USD and their traditional currency are worried about bitcoin because bitcoin came to become borderless and global they all want to have their currency (USD) to be more often used by in the world by all the people who use online shops and many in many other platforms while demanding bitcoin can be scary for them in this situation.
The main reason is they couldn't control or even use their power over Bitcoin. Just like banks, they also see it as a threat. The government always wants to rule and control the economy and country's currency so Bitcoin as a decentralized currency could only hinder it. However, despite their fear of Bitcoin, lots of US citizens are still adopting it and using it as a currency which I believe could develop more in the future.
We have seen there are miscellaneous reactions about bitcoin among US senators. On one side Colorado Governor Jared Schutz Polis announced that "his state will begin accepting Bitcoin for tax payments starting this summer" on the other hand Senators Jim Risch, Bill Cassidy, and Bob Mendez look aggressive against any step towards bitcoin implementations.
Some said using bitcoin as payments instead of US dollars will demolish the sanction power of the USA towards other countries. Do they fear bitcoin for losing control over the world economy or do they know the adoption of bitcoin will diminish the unchallenged sovereignty of USD?
Some said using bitcoin as payments instead of US dollars will demolish the sanction power of the USA towards other countries. Do they fear bitcoin for losing control over the world economy or do they know the adoption of bitcoin will diminish the unchallenged sovereignty of USD?
I believe that Bitcoin is a tool for obtaining money and influence of a separate force in the USA. The fact that some US senators are against BTC just confirms this. It is likely that there are already at least three forces in the United States, each of which wants to rule the country. On the one hand, these are bankers, who are one of the first and main forces in the United States, followed by patriotic industrialists, and, well, digital people. Bitcoin seems to be an instrument of one of these forces, which is why there is some competition about the acceptance and non-acceptance of BTC in the US. Of course, everything is possible not so, and everything is completely different, so this is just my version of what is happening.
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