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.
Topic: why should governments allow bitcoin to continue grow? - page 9. (Read 4017 times)
Nice answer, yup true. Even government cant fight Bitcoin as some from them has a huge bags of it. Instead of fighting I heard rumors of Russia, and China from creating their own crypto. This is the start of having a world with a cashless society.
When government allows ant thing that is accepted worldwide and that is trustworthy for the whole country if the bitcoin is allowed by country to accept it for each transaction. It is also good for government to allow this currency because through this the life style of the people wills good people will donate this money to trust hospital etc.
Every government should be interested in the "bitcoin" currency, not only in it, but in all other countries, a prohibition that would not be feasible for them, even though the government of several countries certainly thinks of using the currency for its own purpose. They want to use bitcoin
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 wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
I also disagree because we all know tgat bitcoin is decentalized yet it doesn't have any people or organizations who holds it. I think if the government has the access to hold it they will somehow change and soonly break ehat are the best things about bitcoin. Our government here in our country are having some uneccesary moves that put them in dangerous situations.
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 wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
The blockchain technology behind it has a big impact in the future transactions. Bitcoin has been one of the alternative payment option or store of value for some people now and the government can see that they can't really control the flow of transactions since it is decentralized so instead of banning it, they would just join it and have some share of the transactions through tax. Besides, the government can also benefit from the fiat transactions done by those who are earning bitcoin. Those people who have no job are able to find way to have income which can help in the circulation of money and businesses as well.
well at first, there really wasnt an incentive to go after bitcoin.
pretty sure bitcoin blipped on the govs radar about the same time Gox became a real thing. Im talking sub 20, btw. at this point, it would have taken more money than it was worth to try and police the sphere; for the most part there was no real eco sphere, just a large community of really enthusiastic participants. now, with coin prices so high and so much value created, there is a real danger of funds being misused (money laundering and criminal activities). notice how much we have been hearing FUD wise since we broke 6k. its some of the same that shrunk the bubble on the China rumors.
pretty sure bitcoin blipped on the govs radar about the same time Gox became a real thing. Im talking sub 20, btw. at this point, it would have taken more money than it was worth to try and police the sphere; for the most part there was no real eco sphere, just a large community of really enthusiastic participants. now, with coin prices so high and so much value created, there is a real danger of funds being misused (money laundering and criminal activities). notice how much we have been hearing FUD wise since we broke 6k. its some of the same that shrunk the bubble on the China rumors.
The issue is that there is no way to stop bitcoin at this point, as it is at a point of no return. No single government can simply prevent its use. People will trade it regardless. As it is decentralized, there is no way to technologically suppress it. Bitcoin is here to stay, whether the elites like it or not.
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 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 manage to give us the earnings or income we believe tgat would help us. And if the government help the bitcoin to grow it will somehow have some positive effects on the economy of the country. Bitcoin is a good move for me because it able to give you full income without getting some taxes.
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 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 the main reason I see is that bitcoin can somehow help the economy of a country to build up because we all know that many people are starting to earn bitcoi so that they have a lot of many and bitcoin doesn't have any tax so people actually getting all it earnings without expenses. And this bitcoin somehow can bring a big changes to economy of a country.
Governments are already making some remarks with regards to bitcoin. In fact, local monetary regulators have started to take notice of the existing cryptocurrencies. Undeniably, bitcoin has made great deal in business transactions. The demand for suitable virtual currency is real, bitcoin is a digital currency so it cannot be counterfeited. Bitcoin can make a better digital transactions , payment methods, and financial system beneficial for all.
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
Im thankful becuase bitcoin in our country is legal here in philippines maybe our goverment legalized this becuase it can help so much to all of people like me to reduced our poverty and all goverments should legal this becuase it's profitable. I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
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 wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
Bitcoin has an increasing demand in the market and it will definitely grow more in the next years. The thing is, even other countries like China, banned bitcoins, there are still more countries where are still legal to use it. The government of other countries which have different views compared to countries like China, tend to do things differently so they will most likely won't ban bitcoins. They will adapt in this demand and they can see the potential in using crypto currency.
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 on growing because bitcoin has already helped so many people and bitcoin becomes an aid to many people who needs financial assistance and who needs job. IN able fro them to gain so much money people are using bitcoin. Governments should support bitcoin. I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
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 wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
Government will not allow growing BTC because they have no control over it.
If they would allow it, i guess we are so much lucky for they already open their mind how BTC will work on our society or country to be exact.
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 wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
First of all, governments out there has no capabilities and it's impossible for them to control bitcoin because of its decentralization. So meaning, they cannot stop it from growing even more larger. Bitcoin will grow larger and larger in this coming years because of mass adoption of countries like Japan, Korea, and other countries out there including USA where bitcoin is quite popular and many shops out there accepting bitcoin are so many.
On my own point of view, we are approaching an era where bitcoin and other cryptocurrencies will dominate micropayments, money transfers, and all internet payments. So governments prohibiting bitcoin must allow it on their countries. Because they will miss and they will be outdated in the development of this technology.
If government do this, the use of bitcoin will go for illegally. The use and transaction of it will hard and personally. Besides it the unemployment rate will be increasing which affects on any country's development. So government don't outlaw it.
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 really do not know how to answer this question? Because some countries banned bitcoins from circulating in their country for fear of some bad activity such as money laundering, the sale of weapons, etc. And a bitcoin development is not decided by the government. Because bitcoin does not depend on anyone, it depends on who uses it 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 they can get benefit from it. They can use bitcoin as a payment in different stores or for their services that they are giving to the other people. If they will invest their money in bitcoin then it is a huge help for them because they can earn profit in a very short period of time which is suited for the people who want to make money fast.
Because there is nothing wrong with Bitcoin, this is a real currency and it goes very well. the government also has no choice, Bitcoin is a decentralized currency that will grow whether governments want it or not.
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.
No they don't care about those things as much as they do about keeping control over where and how the money flows.
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