Topic: why should governments allow bitcoin to continue grow? (Read 3995 times)
The government does not do anything about developing bitcoin and they do not allow it to grow since everyone will use bitcoin or other electronic money that the government will grow more slowly because most people will not pay tax if you work in cryptocurrency you are anonymous and also bitcoin can be used to hide illegal works like money laundering and also bitcoin can be used to buy drugs, illegal gas.
Can not but not a non can be Bitcoin. They can only be used to use a bitcoin for use and also use that for use business in future.
There can be a lot of reasons out there why the government needs and should allow Bitcoin to continue to grow and as well as accept it legally. For me, it is because Bitcoin crypto currency is a lot more easy, faster, and secure way to use as a medium for payment method. Since I started to engage in Bitcoin, there are lots of ways I learned and know regarding the crypto world and how to use it some ways. I still do have a long way to go but I am interest and willing to learn and understand crypto even more. That is why, I wanted the governments around the world to recognize and legalize the use of Bitcoin crypto currencies.
Because bitcoin was not much lyrics by people in the world, after the fact that bitcoin surged to the highest price in 2017, many investors came to invest in the bitcoin, making the government worry that bitcoin would rival the real currency in the world . And rejecting bitcoin is used as a payment tool.
$Bitcoin doesn't need government to grow! it did so on its own for 9+ years, and will keep doing it whether governments like it or not! $Bitcoin wields enormous power! That the market is the way it is today, doesn't mean $Bitcoin has stopped growing, it is only going over times in history when it was faced with similar challenges! Governments have not been able to shutdown blockchain related products anywhere! they can only slow it down with threats and FUD!! It will sure break free someday.
The question is like the government should accept Bitcoin or cryptocurrency? But the point is every government should accept blockchain technology.
Governments should be more open to the concept of crypto, because they can certainly benefit from the tech as well. And besides, I don't think they're completely against it. They're just doing their jobs and making sure no one is committing crime.
of course, right now can see that bitcoin is stuck? it is because government doesn't make the bitcoin legally, so the popularity of Bitcoin decreasing right now, and i thin if bitcoin become legal in all country in the world, there are many people that want to use bitcoin and automatically bitcoin value will increasing
hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
You can see there are so many poor countries and so many countries where inflation makes the currency there meaningless. Cryptocurrency can solve these problems so I believe that the government should accept it as legitimate because it promotes the world better. I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
there are several reasons for me to respond to your statement. first we must understand that the government cannot control or control bitcoin. hence the government will be too difficult if they want to prevent the growth of bitcoin. second, maybe they are still considering the benefits of bitcoin. we all understand that there are so many benefits of bitcoin for people. with bitcoin, people can trade securely and they can also earn money with bitcoin. and can make human life even better. isn't all that a positive thing ...? so I think the government will definitely let bitcoin continue to grow and they will think again if they want to prevent it.
The government has taken a more open look at bitcoin and they seem to have seen its potential
Some countries did but I'm not sure with the other countries. They are yet to see the potential of bitcoin but if they will just let it continue to grow as it is going there, they don't have any means of way to stop it. Instead of stopping it, they just have to let go of it and support it so in that way, they will taste the benefit of bitcoin tax profits.
The government has taken a more open look at bitcoin and they seem to have seen its potential
Simply because it benefits the society, the government will continue to develop it, otherwise it has long forbidden it.
you, already answer your question, to control bitcoin.
in my country, government do some research about bitcoin. if bitcoin have more advantages than disadvantages, 'maybe' they will accept it (for me, its to late to make research because many people already play bitcoin). they will make new coin if they sure crypto is good for our country.
they make research, like boiled egg is good for us or not, while many people already know the benefit and already use it.
in my country, government do some research about bitcoin. if bitcoin have more advantages than disadvantages, 'maybe' they will accept it (for me, its to late to make research because many people already play bitcoin). they will make new coin if they sure crypto is good for our country.
they make research, like boiled egg is good for us or not, while many people already know the benefit and already use it.
There so many reason why government should allow bitcoin to grow because it can help more people to make money. We all know that theres a lot of people who doesnt have regular job that will sustain their needs. Bitcoin can help them by introducing it to them.
the government allowed bitcoin to continue to grow because bitcoin had a good impact on economic development in countries that accept bitcoin. now I've seen the crypto market sign will improve, I see my friends and neighbors invest in bitcoin and altcoin.
I am sure if a country uses crypto currency well then the economy in that country will develop rapidly.
I am sure if a country uses crypto currency well then the economy in that country will develop rapidly.
It's hard to suppress the growth in the long-term perspective, as there will always be new people who interested. But controlling and making money on btc is easier and more convenient for the governments. So possibly they will go this way, which they do now.
I think government allow bitcoin to continue because it can help netizens. Even the group of people who are doing bitcoin even if they are unemployed is also lessen their problem. All we know that poverty and unemployment is the main problem of every country but because of bitcoin it will lessen. And also they will allow to continue bitcoin because they are watching and learning the regulazion and legaluzation of bitcoin. Because on mynown opinion in terms of government income government will earn more tax coming from every bitcoin transactions.
Bitcoin actually creates more work and reduces poverty as you say because bitcoin helps investors and people who are knowledgeable on bitcoin can grow and expand their income, and more rich people will appear in society, they will create more work, help people and limit poverty. And the government also receives some benefits when people have income, they will be able to collect more taxes, developed for the country, although bitcoin may create some problems for them but it seems insignificant and can be controlled over time, so the government should allow bitcoin to continue grow, there is not much reason to stop it
The government deserves to accept bitcoin as a legitimate payment instrument, because bitcoin is the first and oldest cryptocurrency, of course he has experienced a lot of developments so it can be what it is today. Flexible and transparent is what bitcoin offers in no other currency.
I think government allow bitcoin to continue because it can help netizens. Even the group of people who are doing bitcoin even if they are unemployed is also lessen their problem. All we know that poverty and unemployment is the main problem of every country but because of bitcoin it will lessen. And also they will allow to continue bitcoin because they are watching and learning the regulazion and legaluzation of bitcoin. Because on mynown opinion in terms of government income government will earn more tax coming from every bitcoin transactions.
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