why should governments allow bitcoin to continue grow? - page 7.

radjie

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Quote from: Femhab on October 26, 2017, 07:42:37 PM

There are many reasons why fair government should allow bitcoin to grow whereas the technology on which bitcoin is based would give any government a hard time of any manipulation which is the main reasons Bitcoin value may not be considered.
Firstly Bitcoin as a store of value would give the government the best stock value ever anticipated and digital currencies unlike paper currency can easily be transact and recorded without omissions safely. These alone reason should make government consider Bitcoin to grow in its value.

But either ways I would expect a question as this "why should blockchain technology be adopted in our government system?"

Bitcoin is the latest innovation of real money that we often use. In addition to the internet network, the bitcoin support factor is a blockchain system that can manage large, decentralized digital bookkeeping. many countries can not formalize the bitcoin behind the support of the blockchain system, but this blockchain technology according to the government is a technology that must be developed even though blockchain is not the money that can be used by most countries.

paul00

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Governments should allow bitcoin to grow since it is bow one of the means of the citizen to earn money and provide more for themselves. It aids on unemployment and gives opportunity to people since bitcoin is offering various activities they can enjoy and earn with.

Allura74

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Quote from: sampalokmix on October 26, 2017, 11:37:00 AM

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

It is just simple. The government must allow bitcoin usage to continue to grow because obviouslu even small time people can gain benefit on it in a sense that they can earn an income through it which can sustain their daily life needs and can somewhat lessen the case of wide proverty which is present in the society because the money they can gain from bitcoin will be a thing to be a key on the turning point of their lives of having a prosperous life that can build s strong and productive nation.

Yes that is right, many people is getting rich or grow their financial capability because of bitcoin therefore all these people brings money to their society
out of bitcoin and it is understandable that more money circulation the better because it is an additive factors to grow one's economy., if OFW bring dollars from the country they have work, then bitcoiners brings dollars from crypto world.

kpcian

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Since Bitcoin is getting accepted and credible whole around the world so that Government also should allow Bitcoin for the purpose of spreading out to the everywhere. But some sort of financial authority seems it like a scam but they don't even know that It has a potential and profitable platform. Most of the government rules have created against the anti-money laundering act so they think that Bitcoin will violate this law and people will start this business without own country's financial system.

maulana rifai

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Quote from: shushu9977 on October 09, 2017, 03:27:57 AM

Bitcoin helps us to promote our bussiness,our economy etc that's why governments should allow bitcoin to continue grow. I also say that it will be the future digital currency.

in my opinion, because the benefits of bitcoin are great for the future so the government let bitcoin continue to grow in society, bitcoin also gives freedom to all people to join.

Coin12

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If government allow bitcoin to grow without control, might be the reason because government want to change economy life of its citizens. As we know bitcoin have change a lot of people life the world in economy side.

serjent05

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Government allow bitcoin to grow because it does not scam anyone. It might be not compatible with the current finance system but government saw potential in it and the possible anti money laundering tool since its blockchain is transparent and cannot be tampered without the consent of thousands of nodes and majority of the miners. It is the perfect tool to track people transaction and see who really is cheating the sysem.

AmXProX

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Quote from: 4p0l4k4y on October 26, 2017, 07:53:48 PM

Because if the bitcoin users get rich the countries economy will do the same. More people can offered to purchase anything they want and more supplies will be produce. Government will have a sure profit.

Government are not earning anything directly from bitcoin's market but businesses are beginning to be develop with a primary purpose of catering bitcoin's use. If these industry became successful government will earn from it even though bitcoin is decentralized.

4p0l4k4y

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Because if the bitcoin users get rich the countries economy will do the same. More people can offered to purchase anything they want and more supplies will be produce. Government will have a sure profit.

Femhab

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There are many reasons why fair government should allow bitcoin to grow whereas the technology on which bitcoin is based would give any government a hard time of any manipulation which is the main reasons Bitcoin value may not be considered.
Firstly Bitcoin as a store of value would give the government the best stock value ever anticipated and digital currencies unlike paper currency can easily be transact and recorded without omissions safely. These alone reason should make government consider Bitcoin to grow in its value.

But either ways I would expect a question as this "why should blockchain technology be adopted in our government system?"

jekjekman

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Quote from: Cranidos on October 26, 2017, 12:32:18 PM

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

Bitcoin is the solution for the cheap transaction of cash to anywhere in the world without the aid of a third party. With this alone, it can justify that the government should let Bitcoin be and encourage its growth. However, since Bitcoin is decentralized and the government want to control just everything, the likes of the government is a total opposite of what Bitcoin is that's why we can see some countries that are opposing Bitcoin. Though some compromised and accept Bitcoin.

This might affect government's income. Money transfer businesses are losing money from it which results to less government taxes being paid. Maybe the reason why government is somehow allowing bitcoin to grow is because it is not violating anything. And when bitcoin is successful they might formulate a new crypto currency that can be used around the wolrd.

Cranidos

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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

Bitcoin is the solution for the cheap transaction of cash to anywhere in the world without the aid of a third party. With this alone, it can justify that the government should let Bitcoin be and encourage its growth. However, since Bitcoin is decentralized and the government want to control just everything, the likes of the government is a total opposite of what Bitcoin is that's why we can see some countries that are opposing Bitcoin. Though some compromised and accept Bitcoin.

sampalokmix

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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

It is just simple. The government must allow bitcoin usage to continue to grow because obviouslu even small time people can gain benefit on it in a sense that they can earn an income through it which can sustain their daily life needs and can somewhat lessen the case of wide proverty which is present in the society because the money they can gain from bitcoin will be a thing to be a key on the turning point of their lives of having a prosperous life that can build s strong and productive nation.

poplolnman

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Quote from: tengek37 on October 26, 2017, 12:56:23 AM

Because I think if the government makes regulations about bitcoin transactions and impose taxes in it, then the country will get a lot of revenue from there that can be used for the development of the country to be more advanced again.

yeah considering bitcoin are free from tax it's frequently abused , people put their money in bitcoin to avoid tax payer. it's risky indeed but still favorited. we live in an advanced technology era , things could always adjusted. if government want a tax just do research about bitcoin and figure out how to deal with it , not just take a simple action to ban everything about bitcoin.

Tsugihara

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Because bitcoin affects economic life in everyone, family, society, even country. Besides bitcoin getting here the bigger the investment. And I think maybe bitcoin will be the most important economic factor, because we can see from the profit and income from bitcoin. Bitcoin can also meet our daily needs.

hurain

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Quote from: waynechong1995 on October 26, 2017, 08:20:10 AM

It's about profitability and economy wise i suppose, if BTC is helping the economy, stimulating startups there is no reason to ban BTC as long the negative consequences like money laundering, tax avoidance doesn't impact that much i guess. Small government would embrace BTC like foreign investment/source of tax income while the ones with big GDPs would ban it to preserve their main economy, or maybe their population are too much to handle, it's pretty obvious if you check you legalization of Bitcoins in various countries on Wiki, its exactly how it is at least for now.

I think it will be more better for those countries whose currency has low value as compare to other countries currencies, although it will even be better and in favlour of all the countries to have a common currency and same value everywhere. But i think some big countries may not be in their favour. But i am sure that when they will realize their importance they will surely give more preference to bitcoin then and will turn it as legal currency.

michellee

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Quote from: meliodas on October 26, 2017, 08:10:30 AM

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 allow bitcoin to continue to grow because it is for the better. Bitcoin has been helping many people throughout the years, most of them where able to finish their studies. So, I don't see any reason why we shouldn't accept bitcoin.

by allowing bitcoin, governments can also giving the best chance to their citizen to use the best way to make money and people can solve their financial problem with doing something from bitcoin. no matter what is their citizen do, in the end their citizen can make money for better life and if their citizen get success then they can increase their income and the poverty in their country can be solve. this can not achieve in short time but this is need some effort from their citizen too so they can learn and trying something that might give some good result.

asebaby

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Quote from: rachelia13 on October 09, 2017, 01:29:36 AM

If the government allows bitcoin to growing then it will give a good effect because bitcoin has a good future it means it could be a jobs for many unemployment problems, could also be one of the state's income because if bitcoin becomes legal then people have to pay taxes for bitcoin that they have and income tax from the profit of bitcoin

If only the Government will understand how you really understand it will help the society. But they will not but always way a way to induce Taxes,and make it difficult for me and you to under the free transactions we are into now.

migolmigol

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Because Bitcoin is the future of digital transactions. The government's main reason why they do not want and they question the idea of Bitcoin is that because, as it promotes free and anonymous transactions, it is being used by criminals for money laundering and illegal transactions.

ronypro

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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

Your question is realistic but no ideal.A governments wish and job always should be peoples growth and progress.But yes now a days governments are
corrupted they just want peoples money to get rich at the end of the day.
But there are still some responsible governments who wants peoples growth thats why they allow bitcoin.
Although in most of the country bitcoin volume is so little that government just ignore this.
But sooner or later they will get in to this with their greed.

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