Topic: Why should governments accept Crypto currencies? - page 14. (Read 27939 times)
because the development of technology in the financial sector continues to grow and the economy in all countries has used digital technology to develop their economy and finances. so that each country must accept the development of financial technology so that it can compete and cooperate with other countries. so that each country can improve its economic level.
Bitcoin is not completely traceable unless it has a history of only trading in bitcoin. For privacy it will be converted into something else like monero instead.
the government should use bitcoin for the purpose of security, like avoiding money counterfeiting, and it is unhackable the best feature of it.
Not really sure that if you said bitcoin was unhackable when you can see so many scam nowadays to cheating people, well I mean if the government will use the cryptocurrency system, they might be need a high security for it, and just hoping that it will reduce the corruption of each country. 
To follow the progress of the times, the government must accept crypto as payment, this matter must be done and the community must be able to work together to be smooth. Transactions with Crypto are indeed easier and safer, but there is a need for a new system so that it can facilitate crypto ownership.
Most of the time we do point it out that crypo can be a good help in terms of payment transactions, if government will see that potential and create their own way to facilitate much better, it can lift the system and be very useful for its institutions, we know that in separate countries there's always different rules about implementations of laws, in good faith, government can create one for crypto as well.
I am sure the government in each country will accept crypto, but of course with the strict regulations they make, because crypto is very difficult to control so they will make strict rules, to avoid crypto being misused by its users.
They created Banks and they support them in their exploitive behaviour. 
In any way, Bitcoin cannot be traced if you use it in the correct way, so why would they worry about "evidence" if Bitcoin hides their evidence?
The power of corruption is when you can do this without being caught and they are getting caught regularly with their hands in the money bags.
If they add their own mixer services for these transactions, then the tx's will never be traced.
In any way, Bitcoin cannot be traced if you use it in the correct way, so why would they worry about "evidence" if Bitcoin hides their evidence? The power of corruption is when you can do this without being caught and they are getting caught regularly with their hands in the money bags.
If they add their own mixer services for these transactions, then the tx's will never be traced.
every day that you go to work or school,... why don't you use a tank as your transfer vehicle? it is much safer and can protect you from accidents. you don't use it because there is an easier way. you fasten your seatbelt and go within speed limit and you will be safe enough.
in your scenario you are saying the corrupt government is already hiding their tracks, they already have banks to bail them out, print money, have full control,... and dozens of other benefits. then you say they should give it all up for a traceable and decentralized currency that they have no control over!. no matter what you think bitcoin is not anonymous even with using a mixer. and they will be caught even more if they use something like bitcoin.
if you said Monero or any anon coin like that then you could have an argument although I'd still say that disadvantages are still more.
There are a number of benefits for the government to accept cryptocurrencies as well as there are a lot of disadvantages for the government with the use of cryptos. Cryptocurrencies are a fluid source or mean of payment and can give various opportunities to earn a stable income which keeps them much profitable and if government drew some attwntion towards them, than they can help stabilize the financial situations of the respected country.
Whereas accepting cryptocurrencies may also lead for a number of disadvantages which may include anonymous transactions leading for major illegal uses. This is what is not expected by the government and hence i think that always hesitate in the use for cryptocurrencies.
Also cryptocurrencies are been considered as a decentralised mean of payment which does not allow their transactions to be tracked and also has a lot more features which makes them completely opposite to the cebtralised currencies. Governments from each country can never make cryptocurrencies overrule their centralised currencies.
Whereas accepting cryptocurrencies may also lead for a number of disadvantages which may include anonymous transactions leading for major illegal uses. This is what is not expected by the government and hence i think that always hesitate in the use for cryptocurrencies.
Also cryptocurrencies are been considered as a decentralised mean of payment which does not allow their transactions to be tracked and also has a lot more features which makes them completely opposite to the cebtralised currencies. Governments from each country can never make cryptocurrencies overrule their centralised currencies.
We are led to believe that almost all governments are corrupt and that most officials and even leaders of the world are bought.
We saw this for instance with the US elections where rumours are doing the rounds that massive amounts of money were channelled from foreign countries to influence the outcome of the election. This money had to be laundered through shell companies via Banks and complex money laundering systems.
All of this leaves paper trails and this can later be followed and investigated to find the true origin of this money.
Now think about this, why would "corrupt" governments want to appose Bitcoin and Crypto currencies, if they can use it to hide their "corrupt" practices? Would it not make sense just to allow it and then use it to further their political aspirations?
The push back from these corrupt governments does not make any sense. Could it be that they know that Bitcoin and Crypto currencies are not "anonymous" at all and that these transactions can be traced and for this reason they are apposed to it?
Curious to know what you are thinking.
We saw this for instance with the US elections where rumours are doing the rounds that massive amounts of money were channelled from foreign countries to influence the outcome of the election. This money had to be laundered through shell companies via Banks and complex money laundering systems.
All of this leaves paper trails and this can later be followed and investigated to find the true origin of this money.
Now think about this, why would "corrupt" governments want to appose Bitcoin and Crypto currencies, if they can use it to hide their "corrupt" practices? Would it not make sense just to allow it and then use it to further their political aspirations?
The push back from these corrupt governments does not make any sense. Could it be that they know that Bitcoin and Crypto currencies are not "anonymous" at all and that these transactions can be traced and for this reason they are apposed to it?
Curious to know what you are thinking.
A corrupt government will not accept something that create evidence of its corrupt practises.
They created Banks and they support them in their exploitive behaviour.
In any way, Bitcoin cannot be traced if you use it in the correct way, so why would they worry about "evidence" if Bitcoin hides their evidence? The power of corruption is when you can do this without being caught and they are getting caught regularly with their hands in the money bags.
If they add their own mixer services for these transactions, then the tx's will never be traced.
actually the government wants to regulate crypto because they want to make money from all those who hold crypto especially if they want to save their money in the crypto world so that no one knows that they have money laundering so crypto is present as this new technology is made so In the future, the community has not been made difficult in conducting transactions.
Right, governments are greedy and do not fulfill their responsibilities. But a country with such great corruption is good? never.
Although there are many components of corruption, they must be concealed. If you let Crypto join a government organization, the world will become very bad. Do not think about your own benefits, think about the consequences of this in the future!
Although there are many components of corruption, they must be concealed. If you let Crypto join a government organization, the world will become very bad. Do not think about your own benefits, think about the consequences of this in the future!
We are led to believe that almost all governments are corrupt and that most officials and even leaders of the world are bought.
We saw this for instance with the US elections where rumours are doing the rounds that massive amounts of money were channelled from foreign countries to influence the outcome of the election. This money had to be laundered through shell companies via Banks and complex money laundering systems.
All of this leaves paper trails and this can later be followed and investigated to find the true origin of this money.
Now think about this, why would "corrupt" governments want to appose Bitcoin and Crypto currencies, if they can use it to hide their "corrupt" practices? Would it not make sense just to allow it and then use it to further their political aspirations?
The push back from these corrupt governments does not make any sense. Could it be that they know that Bitcoin and Crypto currencies are not "anonymous" at all and that these transactions can be traced and for this reason they are apposed to it?
Curious to know what you are thinking.
We saw this for instance with the US elections where rumours are doing the rounds that massive amounts of money were channelled from foreign countries to influence the outcome of the election. This money had to be laundered through shell companies via Banks and complex money laundering systems.
All of this leaves paper trails and this can later be followed and investigated to find the true origin of this money.
Now think about this, why would "corrupt" governments want to appose Bitcoin and Crypto currencies, if they can use it to hide their "corrupt" practices? Would it not make sense just to allow it and then use it to further their political aspirations?
The push back from these corrupt governments does not make any sense. Could it be that they know that Bitcoin and Crypto currencies are not "anonymous" at all and that these transactions can be traced and for this reason they are apposed to it?
Curious to know what you are thinking.
A corrupt government will not accept something that create evidence of its corrupt practises.
To follow the progress of the times, the government must accept crypto as payment, this matter must be done and the community must be able to work together to be smooth. Transactions with Crypto are indeed easier and safer, but there is a need for a new system so that it can facilitate crypto ownership.
Governments should accept crypto because this will help their citizens and the country itself. Accepting crypto is like giving your people another way how to become successful in their life. It is an investment that everyone will benefit. But the government must have surveillance on what is happening.
Crimes can be paid in this way. Such crimes may be directed against governments. You see that now no one has any problems with the transfer of funds. This will not happen further. Governments cannot afford to transfer money to anyone for any services.
Cryptocurrencies offer a new mode of payment for the people. If you look at it objectively, it brings more pros than cons which is why the government should allow or support it since their aim is to make their citizen's life easier.
Exactly. Everyone can benefit from the advantages of crypto, even people from the government. So in essence, they can't be against crypto. Perhaps they're just taking time to really study it? I'm sure the government and crypto can co-exist in the future.
In time ahead i know that someday somehow our governments will adopt and support crypto,.because crypto will do for us in so many helpful ways and aside from that by making our trasactions easily by paying and transacting money in and out to our fellow pilipinos working abroad.,and most is important in crypto that it helps us also by joining different campaigns we can earn by it.
In my opinion, if the government would accept cryptocurrency it would be a big help for easier and faster transactions for the government records. But if they will not accept it for they know it would be a barrier for their hidden agenda.
Cryptocurrencies offer a new mode of payment for the people. If you look at it objectively, it brings more pros than cons which is why the government should allow or support it since their aim is to make their citizen's life easier.
Government legalised the cryptocurrency because the know how to help for their people
Regarding to the government corrupt officials use bitcoin to hide their wealth
Because banking system aren't safe for the wealth secrecy.
Regarding to the government corrupt officials use bitcoin to hide their wealth
Because banking system aren't safe for the wealth secrecy.
Cryptocurrencies are now becoming and will be the future of digital currencies and not they are being accepted for the payment of goods and services. People are getting to understand it and in no time it will overtake the fiat currency.
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