why should governments allow bitcoin to continue grow? - page 3.

Bitfling

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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

In my perspective, government can not touch bitcoin because its decentralized system. Bitcoin can traded in exchanger because bitcoin regulated as commodities and many country allow it. I am believe government can not control bitcoin supply or price because the decentralized system

Rolley Dragon

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If the government wants to be a barrier to bitcoin, they are killing their own country. While bitcoins provide many benefits to the economy, they try to harm it, which is pathetic.

kotajikikox

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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

Actually even if each cuntry want bitcoin to control or regulate they continue to accept bitcoin as legal tender due to some reason and consideration, they can use bitcoin as legal currency while studying how to control bitcoin as currency.

AimHigh

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They can't control bitcoin because in any country their are a thousand or million users, traders and investor here in bitcoin so I think this is one of the reason that is why bitcoin was continously growing in one country and those investor was have a big help in our country so that is why the government was now embracing and accepting bitcoin and this is good for those using bitcoin as a primary transaction.

farukahmed

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It's a quite difficult to make such decision about bitcoin it's beyond their control since it's decentralized currency so the currency pretty much travel without any trace it's not good for government side . on the other hand country like china, japan doing great progress on cryptocurrency as they put cryptocurrency in their tax income source so if the government cooperate with bitcoin it'll be highly profitable for them so that's why government should allow the bitcoin.

bukikbarisan

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If they will ban Bitcoin, and it will be more difficult to monitor the transaction and crackdown on criminals who use it for illegal operations, this can only be done with exchange and other services if they need to investigate something. Bitcoin is not much different from cash, the government certainly can not print more Bitcoins, but they can print more fiat and buy BTC with it.

KingOfWinterfell01

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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

Governments should readily accept change specially in the case of the world's monetary system. Bitcoins could finally be the gateway for us to have 0% tax in our day-to-day expenditures. No more strings attached to our money. We own our own money. No middlemen and no greedy corporations.

rarg

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The revolutionary trading ecosystem

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

Maybe there is no option left for government. Like a torrent case. I heard some government will shut down a torrent site, but the reality is, torrent still exist. torrent technology is not much different from bitcoin. So, I think no other option for government except allowing Bitcoin.

MCVXYZ

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I have my own opinion about this issue,it appears from human rights,from constitutional grounds.anyway Do you know why bitcoin's price is so high? I can tell you that people have trust and they want to be as it is today.If it was so useless there'd be no high price,therefore it would not be so actual for goverments,Okay,I just want to say by this that Goverment purpose opposes to people's purposes and there are no legal grounds from goverment to prohibit or even create unjustified regulations and if goverment wants to create there will be a big dissatisfaction from the society.

vhhjhju

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I think in many cases, because the situation is not clear, the government can not intervene so badly. Adding the technology of encrypting money does not make much intervention. The government itself also recognizes the blockchain technology. They are still waiting to see the situation clear.

Argie021213

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In some countries like the philippines, the government is making rules and guidelines in order to control the market of bitcoins, that means that they have positive outlook on bitcoins in such a way that it could help build a better economic status in the country. As they support the entry of bitcoins in the form of investments, they will also release guidelines on how to protect the traders from being hacked and being used in illegal and fraudulent transactions.

ruskytailz02

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a news appear in television here in Philippines that bitcoin is used to scam.... but that is not the point
the thing is a government official who has the knowledge about virtual currency which we all know crypto
and he say that it is legal at all.. I think solving math problems are not way or reason government shut down the bitcoin. and I think bitcoin helps the goverment too . example taxes after we convert to fiat right?

brandonmark713

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It will be very interesting to see what the government does if anything.. but some countries they are restricting the use already.

Sirait

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what is the reason why the government should stop the growth of Bitcoin,
whether Bitcoin is a crime ,
the government can not stop the growth of Bitcoin is the change and development of the era ...

oaz7t

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Quote from: pooya87 on October 08, 2017, 11:43:06 PM

because there is nothing wrong with bitcoin! it is a perfectly legit currency doing its thing very well.
because government has no other choice, bitcoin is a decentralized currency that will continue to grow whether the government wants it or not.
because so many different countries have already accepted bitcoin and any government that doesn't will be left out and behind the adoption curve of this new technology.

I am completely agreed with the above comments, bitcoin is a technology and the governments should support/adapt like accepting currencies from different nations and allowing purchase of gold/expensive things from different countries with certain amount of taxes.
If bitcoin is saving several legal/banking procedures and efforts to convert the currencies with a safe and faster ways its an advantage and should be promoted and legalised with certain protocols to help nations economical growth.

Nazmul012

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For me,, bitcoin is an amazing currency helps bitcoiner to fight with proverty and overcome financial problem. and i think governments should allow bitcoin to continue grow for welfare of their countries people

DaftAjax

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Quote from: ?? on ??

for me,, bitcoin is an amazing currency helps bitcoiner to fight with proverty and overcome financial problem. and i think governments should allow bitcoin to continue grow for welfare of their countries people

In truth, Fiat currency don't have any connection to Digital currency at all. So no matter how high the value of Bitcoin is, that doesn't affect the price of any Fiat currency. Because Digital currency or the cryptocurrencies are decentralized, no one is monitoring it whatsoever.

So basically the government wants is that they wanted to take control out of it, which is impossible. So what they did was, they accept it and somehow they make an idea on how they can tax people for it, pretty cleaver.

Kotone

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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 cryptocurrencies can be the key and that last push that can put a country in top with a lot of investors really looking at bitcoin on something to integrate on. HOwever that is a big if and the world is taking notice of the volatility and they would want to regulate it.

BTCMILLIONAIRE

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Quote from: Nilda on November 10, 2017, 10:17:07 PM

Because any forward thinking government wouldn't want to be left behind. And most importantly, billions of taxes can be collected from the businesses that will generate from the bitcoin economy.

Governments don't think forward though. Most politicians are just slaves to money and it's virtually impossible to really push humanity forward through political means.

Nilda

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Because any forward thinking government wouldn't want to be left behind. And most importantly, billions of taxes can be collected from the businesses that will generate from the bitcoin economy.

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