why should governments allow bitcoin to continue grow? - page 10.

richardsNY

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Quote from: hacker1001101001 on October 25, 2017, 05:09:24 PM

Government should try to understand the advantages of bitcoin and how people will get opportunitys through use of bitcoin and its earning methods.

Governments do understand Bitcoin, don't worry about that. What you must understand is that governments thrive on control, which is something they can't have with Bitcoin. So tell me, if control is the only thing they are after, and Bitcoin doesn't allow them to have it, why would any government ever spend time on Bitcoin (aside from coming up with regulations)? Governments are experimenting with their own (centralized) crypto currency, and that's basically the only thing they want to put their time and effort in. It's nothing more than an attempt to offer people an alternative to make them forget about crypto as we know it.

XbladeX

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Quote from: jonathan6655321 on October 08, 2017, 01:54:10 PM

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

because bitcoin itself is not harmful. this is same like with guns.
Guns doesn't kill people ... people kill people.
If people want make money loudering they will always find ways.
Stopping innovation is harmful to economy.

coinholic

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Quote from: jonathan6655321 on October 08, 2017, 01:54:10 PM

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

So that they would become richer! The government itself may not have control over bitcoin, but I’m pretty sure that a good number of the politicians already have their dirty hands into it. Politicians are politicians! They will always find ways to get involved in something profitable...

eaLiTy

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Have Fun )@@( Stay Safe

Do you really think that any government will care for the opportunities that a platform will provide for its citizens if they think that it is against their general principals,they really cannot do anything against bitcoin as it is decentralized and cannot be controlled,the only thing they can do is to ban the exchanges,so either they have to embrace it with rules and regulation and that is what some are trying to do and they could ban ICOs without a doubt.

Coldsnap4457

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Quote from: jonathan6655321 on October 08, 2017, 01:54:10 PM

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

Who said they want it to grow?

Which government do you know of, that wants it to grow?

ashfer

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https://luxantdigitalbank.com/

Well there are several reasons why government allow bitcoins to continue growing because there is no government which has control over bitcoins.Btc is a platform which does not run under any government or organization it is being build by someone with the user name sathoshi.Btc is a currency which is in the digital format it is being accepted world wide and it works without a central repository or single administrator.Btc help people get rich so i think why would the government not allow btc to continue its growth as the richer the people become via btc they will have a tendency to cash out their btc and hence they transfer it to their bank account to enjoy its benefits and its normal human tendency to use their money on something so the money spend will be taxed in some way or the other depending on how and where they spend.

Marry Finch

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The Crypto currency has already spread around the world so much and has such a significant impact on the economy of almost all countries that governments can no longer stop this process. To prohibit the circulation of crypto currency in your country does not make sense. First, in civilized countries, human rights defenders will have good reason to consider the prohibition of crypto currency as a violation of human rights, and they will in general be right. Secondly, by banning the state will only drive this kind of activity into the shade and it will be very difficult to control. Therefore, it is easier to regulate circulation of crypto currency and try to manage it. If, during the sale of the crypto currency, the identification process is established under the pretext of levying income tax, then governments will be able to control the circulation of the crypto currency.

hacker1001101001

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Bitcoin is a currency in which people trust and they invest in it. Government should try to understand the advantages of bitcoin and how people will get opportunitys through use of bitcoin and its earning methods.

julzcoinbit

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Quote from: AtlantaFive on October 25, 2017, 04:42:13 PM

Government should allow bitcoin to grow because there are a lot of opportunities here for all people especially those people with no work because they can earn here. Bitcoin also can be used as a payment system. I think government is afraid of it because some users don't use it as a good thing. It can be used in bad things such as money laundering but it can be stop with the use of KYC.

I agree wiith that point. But bitcoin cannot helping the economy of the country but i can say that it'll unstabilize the economy. All of the government economy is always based on centralized system therefore they have control over it not a decentralized one. People want to use bitcoin they will, the government can not do anything about it.

AtlantaFive

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Government should allow bitcoin to grow because there are a lot of opportunities here for all people especially those people with no work because they can earn here. Bitcoin also can be used as a payment system. I think government is afraid of it because some users don't use it as a good thing. It can be used in bad things such as money laundering but it can be stop with the use of KYC.

beatleap

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They shouldn't 'allow' they don't have a hand in Bitcoin. They should embrace it but certainly not allow.

konco_kenthel

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Maybe the government also wants to see people's lives become more prosperous because now to look for an offline job is also quite difficult so the way out in reducing the unemployment of sustainable governments should really give up the existence of bitcoin as one place that is allowed to be utilized For the community in generating income every month to meet all economic needs at all times.

Kamote_1102

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I think the main reason they're allowing bitcoin is because it's helping the government somehow.maybe in economy, or maybe they have shares with bitcoin. And maybe for the reason that it's not illegal so they dont see anything why would they stop bitcoin from growing up.for as long as it's not illegal, bitcoin will continue to grow.specially here in our contry.the growth of bitcoin is so fast.and our government is not against the growth of bitcoin

romecheo

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No body have the capacity to control Bitcoin, because it was Decentralized. However, Government should support Bitcoin, They can promote Bitcoin as well, for their own countrymen.

For the wide range of poverty around the globe, if the Government of every country really have heart for their People, they should help Bitcoin to grow more, Because Bitcoin once learn by the people, it help people to have much better living.

Genosx

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Quote from: hatshepsut93 on October 08, 2017, 02:02:49 PM

There can be a lot of reasons. If they would outlaw Bitcoin, it would just be moved to the deep web and it will become much harder to monitor transactions and crackdown on criminals who use it for illegal operations. When Bitcoin is legal governments can just work with exchanges and other services if they need to investigate something. Bitcoin is not much different from cash - sure governments can't print more Bitcoins, but they can print more fiat and buy BTC with it. It's very likely that in the future governments and banks would adapt to Bitcoin instead of fighting it.

i agree with you sir/ma'am government must allow the usage of bitcoin to the people because if this will become legal the illegal operation in the deep web will be busted.

Yarsk

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It is to the advantage of the government to allow bitcoin to continue growing this is because government have little or no control over bitcoin, but if bitcoin become legalized by the government they can now have full control over it. To for instance a situation where government play the monitoring role in bitcoin it will be easy for them to check and crack down criminals who now use bitcoin for they illegal transactions.

Visbay

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Quote from: Malsetid on October 23, 2017, 11:06:17 PM

Governments of course won't be too easy on this because of security concerns that crypto present. If it's just for the convenience of the people, then bitcoin would do a very good job in doing this but governments would have to consider the frauds, scams, drug trade, terror activities. There's a lot to consider so there would have to be thorough study to make sure these are addresses before it allows bitcoin to grow into national acceptance

In my opinion there can be a lot of reasons but the most important for me is that bitcoin has reduced the unemployment in countries because there are a lot countries who are completely fail to provide a jobs to their people and bitcoin have done it it’s true that it can problem in tax return to country but on other hand it provide a good source of income.

paul00

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governments should allow bitcoin and legalize it in countries since it aids unemployment and increases the opportunity for each citizen. since it is already known to us that bitcoin can really provide with the financial needs, bitcoin gives opportunity to people to earn their money in a simple and digital way. most of us at age are into computer internet and cellphones, and having bitcoin provides us useful way in spending way our time in this things usefully and efficiently.

doblok

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Perhaps because of the better economy so many countries let bitcoin growth to date, and of course bitcoin can have a positive impact on the economic development of this country, so the government let its development and for me personally bitcoin is a good source of income.

Black Alpha

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Government should allow bitcoin to grow as bitcoins is going to be a new currency in the upcoming era.
It can help the low salary workers to get a money to buy their needy things in their daily life so that they wont face poverty
So the government should mark this as a point
And bitcoins can't be earned in wrong way.

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