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Topic: why should governments allow bitcoin to continue grow? - page 4. (Read 3995 times)

full member
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I'm not sure about my idea why governments allow bitcoin to continue to grow. Maybe because they will get much tax from the moderator of bitcoin or governments have faith that the bitcoin can help people to make their lives better.
hero member
Activity: 2590
Merit: 644
governments may be secretly buying bitcoin because they know it will rise.
I also think about the same thing for bitcoin. The government maybe not making bitcoin as a full legalized currency as of now but they are surely buying bitcoin for investment and profit purposes. The government has a lot of researchers for possible opportunity to be grabbed that will give them a good amount of profit and they found bitcoin for one of the best so they buy it and doing some test on bitcoin before accepting it as a full legalized currency.
full member
Activity: 308
Merit: 100
If any country here are involved in bitcoin its good for their economy because we can earn here and good for transaction like bank and you can also save your money here i think the more good here is good for past time while having an earnings in some kinds of work here than do something like play computer games
newbie
Activity: 35
Merit: 0
It can be helpful in our economy. And maybe this bitcoin will be the future currency of the world. Even if it is not stable as our current currency in our country
full member
Activity: 429
Merit: 102
Because the government can not directly control all transactions with bitcoin where we know that bitcoin is global, so the government just let it grow as an investment choice for its people without giving any response to the bitcoin owner. Can we make sure the government does not want to be responsible for losses that occasionally hit a bitcoin user? But by letting it grow then the government did not forget to keep monitoring its development because at any time bitcoin could be dangerous or beneficial for a government.
True government never want to take some responsibilities about bitcoin but they let it to grow than banning it so while they letting it grow if some take a concern about bitcoin in the government i think that they are no take some action about it. i short they let bitcoin but they dont let people to take just to make a concern.

Right. It will be helpful to allow bitcoin to grow than banning it. They see how the government will benefit on it too not only the user of it. They just have concern that bitcoin will not use for illegal purposes which cannot be eliminated. The government should accept bitcoin with open hands because it help their people to have a good living.
sr. member
Activity: 423
Merit: 250
The technology behind the blockchain is revolutionary. The real question is why wouldn't governments want bitcoin to grow? Bitcoin can solve a lot of the world problems that regular currency is currently facing.
Bitcoin has proven to help a lot of people especially unemployed people nowadays. So it is a good thing if the goverment will allow the bitcoin community to grow and help bitcoin to help people in earning for their living. If the goverment is not helping the people, well bitcoin does so they should allow to make bitcoin do it's help.
sr. member
Activity: 1498
Merit: 374
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Because of benefit considerations, when bitcoin is left and bringing positive benefits to citizens such as reducing unemployment, it certainly makes governments think of continuing to let bitcoin grow.
Bitcoin should take considerations on allowing bitcoin community to grow, or all of the cryptocurrency to grow because not only it helps people in financial status but also it helps to lessen people who haven't have job. Unemployed people can have a way of earning even though they don't have any job. Bitcoin is a great asset in the community.
newbie
Activity: 43
Merit: 0
Governments allow bitcoins to grow, because many people help the bitcoins, many people have no work but  invest in bitcoins and get earn a lot of btc, many way and many reason government continue to grow btc in legal way.
hero member
Activity: 1358
Merit: 834
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

What do you mean allow? LOL like they have any choice in the matter they are helpless as the rest of us and must watch this ongoing. Simply no way they can stop cryptos not even with their biggest baddest foot down Cheesy
They do have the resources to start a global FUD campaign... if they work together (which they usually suck at). Would be extremely interesting to see them try too. I doubt they would be successful though.
full member
Activity: 233
Merit: 106
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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

What do you mean allow? LOL like they have any choice in the matter they are helpless as the rest of us and must watch this ongoing. Simply no way they can stop cryptos not even with their biggest baddest foot down Cheesy
hero member
Activity: 1302
Merit: 577
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Because the government can not directly control all transactions with bitcoin where we know that bitcoin is global, so the government just let it grow as an investment choice for its people without giving any response to the bitcoin owner. Can we make sure the government does not want to be responsible for losses that occasionally hit a bitcoin user? But by letting it grow then the government did not forget to keep monitoring its development because at any time bitcoin could be dangerous or beneficial for a government.
True government never want to take some responsibilities about bitcoin but they let it to grow than banning it so while they letting it grow if some take a concern about bitcoin in the government i think that they are no take some action about it. i short they let bitcoin but they dont let people to take just to make a concern.
legendary
Activity: 1596
Merit: 1034
Because the government can not directly control all transactions with bitcoin where we know that bitcoin is global, so the government just let it grow as an investment choice for its people without giving any response to the bitcoin owner. Can we make sure the government does not want to be responsible for losses that occasionally hit a bitcoin user? But by letting it grow then the government did not forget to keep monitoring its development because at any time bitcoin could be dangerous or beneficial for a government.
hero member
Activity: 1358
Merit: 834
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
If the government understand the great offer of this investment I'm sure they will allow bitcoin to grow if they won't think about personal gains bitcoin will bring good profits, people who understand this investment will have a bigger chance to enjoy financial stability so they should allow bitcoin to continue to grow.
If only governments were truly interested in the betterment of humanity. So far it seems like all they care about is silly games and gaining power and money instead of pushing humanity forward.
legendary
Activity: 2982
Merit: 1028
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
If the government understand the great offer of this investment I'm sure they will allow bitcoin to grow if they won't think about personal gains bitcoin will bring good profits, people who understand this investment will have a bigger chance to enjoy financial stability so they should allow bitcoin to continue to grow.
copper member
Activity: 126
Merit: 10
Because it will be favorably for government if they will controll the bitcoin. Growing of it will bring them more money.
full member
Activity: 434
Merit: 100
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

It depends on the country, Here in the philippines our government does not really care about bitcoins but only battling with drugs. They also broadcast here in this country that bitcoins is a scam but maybe they just envy the value of bitcoins and they cant earn it.
sr. member
Activity: 519
Merit: 250
Every state and government should adapt Bitcoin and crypto currency as be part of trading and for economy. Even in my country Philippines is adapting Bitcoin and more members in this forum are Filipinos. Some investors of Bitcoin and Altcoins are Filipinos. And now we're happy because our government didn't try to regulate and stop us engaging Bitcoin in any ways.
full member
Activity: 238
Merit: 100
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


I think thats because bitcoin can help each country's economic status to grow, it may contribute a lot in their progress that will also distributed into their community. Governments should allowed bitcoin to run and be use by the people bitcoin it may be a way for a person to be successful someday and a contribution also for their country.
full member
Activity: 190
Merit: 100
When the economy of the country is weak, and Bitcoin comes to make the economies of developing countries, all countries want bitcoin but because of the economic regulations of a country that can not immediately legalize bitcoin in this country.
full member
Activity: 364
Merit: 100
Because the government wants to have an advantage over ownership of bitcoin owned by its citizens. If the community has enough bitcoin in the country concerned, it will indirectly improve the economy of a country.
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