Why so many Bitcoin users have fear of governments? - page 12.

darsiderin

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BitSong is a decentralized music streaming platfor

Quote from: mak2017 on May 20, 2018, 05:11:34 AM

Quote from: bitbunnny on April 30, 2018, 05:34:09 AM

Is there any hope that Bitcoin users and governments will find the common language and help Bitcoin together to be more accepted in economy, especialy by businesses and to become more "legal" everywhere?

Great question, i was thinking about it myself. And to be honest, i don't see bitcoin holders and governments finding a way to make bitcoin legal worldwide in near future.
Many governments are currently studying blockchain, and trying to apply it in their economy or other sectors - that's a priority for them at the moment.
Adopting bitcoin worldwide is a real challenge for governments, as i think most of them still say "it's a bubble" for the reason they can't control it.

For the government, the main drawbacks of bitcoin are huge volatility and lack of control and regulation. But I think that through approx. 10-12 years, these problems will be solved. I firmly believe that bitcoin is the future. Cool

zhanyiguai261315

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The government has great influence on BTC!

If the government bans BTC, the price of bitcoins will fluctuate wildly in the short term and could collapse!

The government's ban will also close the exchanges, and BTC is not in circulation!

chickenfacts

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If those goverments are trying to put you in jail and steal all the Bitcoins you have cause of crimes , will you be fear of them ?

Bitexpert2017

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Till now we have not heard about a person who cannot use cryptocurrencies due to the government ban. It is same in all the countries. No one can stop people from using something which is decentralized.

prediction on bush

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Quote from: bitbunnny on April 30, 2018, 05:34:09 AM

I can't escape to notice that many users here on forum have terrible rebbelious fear of governments. Like government is some evil devil that will destroy Bitcoin and other cryptocurrencies. But is this realy so, do such claims have any reasonable ground at all?

To my opinion the cause for something like that is again ignorance. I think that regulation that is mentioned in many countries is often mixed with centralization which is something that is not natural to Bitcoin because it's functioning totaly different than fiat currencies. Also some warnings to people that Bitcoin is volatile and risky investment that come from national banks are often interpretated as hostile behaviour towards Bitcoin and attempts to make people not to use it.

Is there any hope that Bitcoin users and governments will find the common language and help Bitcoin together to be more accepted in economy, especialy by businesses and to become more "legal" everywhere?

I think the thing that everyone is afraid in the government is if every user is asked to pay taxes that may be very large that's why everyone have fear in the government.

geegaw

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Quote from: coinholic on May 21, 2018, 05:32:12 AM

For many users, Bitcoin has become their main source of income or they have gone full time on crypto. And so the attempt of governments to have control over the crypto system is a big threat for them because the chance for profit may also be compromised. The plot to take control and manipulate the crypto market may be in its infancy. Something we need to prepare ourselves for incase it matures.

Yeah, the government is gradually entering the crypto world when they know that this is a place where too many underground forces exist and acts out of control, violates the law, if they can manage and control the success, they can eliminate a lot of crime then they can get great benefit from the taxation of users. And we, the people who are making a living from bitcoin every day, we lose part of the profits and we are monitored by the government, that was not a fun thing too, even if the government is not satisfied, they can lock down all activities related to Bitcoin, we will lose everything and become unemployed, that is really scary

asm0305

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Because they are using cryptocurrency without any permission from government hence many of users are working under of fear government and need to be careful about their earned bitcoin,also while converting bitcoin into respective government currency.

UchihaRukawa

full member

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That is what im hoping for! The government and the cryptocurrency work together and stablish legal groud that will benefit all.but because of ignorance of many and added by negative experience of some user it became conflict.. proper information will brighten the decision of wavering thought..

yvuj101

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Quote from: CASTIEL05 on April 30, 2018, 07:48:23 AM

Quote from: bitbunnny on April 30, 2018, 05:34:09 AM

I can't escape to notice that many users here on forum have terrible rebbelious fear of governments. Like government is some evil devil that will destroy Bitcoin and other cryptocurrencies. But is this realy so, do such claims have any reasonable ground at all?

To my opinion the cause for something like that is again ignorance. I think that regulation that is mentioned in many countries is often mixed with centralization which is something that is not natural to Bitcoin because it's functioning totaly different than fiat currencies. Also some warnings to people that Bitcoin is volatile and risky investment that come from national banks are often interpretated as hostile behaviour towards Bitcoin and attempts to make people not to use it.

Is there any hope that Bitcoin users and governments will find the common language and help Bitcoin together to be more accepted in economy, especialy by businesses and to become more "legal" everywhere?

I remember the speaker when I attended seminar this past few months. We are talking about taxation and reform laws where he introduced to us that the government is us. He actually emphasized that the people who are in position are just an official of the government, we select them based on what we think it should be good for us, by the virtue of votes.
We should not be scared in the officials of our country specially if we are in a democratic form of government. The mass is the voice and we can be an activist or refirmist against the ruling of the government. If they banned the bitcoin, we can complain to them specially if they did that for their own purpose only and not for the sake of the states/country.

There's no reason we afraid of government we do good things and always right and bitcoin is friendly to all.

coinholic

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For many users, Bitcoin has become their main source of income or they have gone full time on crypto. And so the attempt of governments to have control over the crypto system is a big threat for them because the chance for profit may also be compromised. The plot to take control and manipulate the crypto market may be in its infancy. Something we need to prepare ourselves for incase it matures.

Minhxx

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Simply because we live where there is law, in my country, I still obey the law. Time will prove electronic money is a gadget

chadtn

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I think that the government is already doing something to resolve the issue with the crypto world. And soon it will take its decision

xabi alonso 88

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Bitcoin claims that “It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.” That lack of central authority is the primary reason governments are afraid of the cryptocurrency.

rafi035

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Quote from: bitbunnny on April 30, 2018, 05:34:09 AM

I can't escape to notice that many users here on forum have terrible rebbelious fear of governments. Like government is some evil devil that will destroy Bitcoin and other cryptocurrencies. But is this realy so, do such claims have any reasonable ground at all?

To my opinion the cause for something like that is again ignorance. I think that regulation that is mentioned in many countries is often mixed with centralization which is something that is not natural to Bitcoin because it's functioning totaly different than fiat currencies. Also some warnings to people that Bitcoin is volatile and risky investment that come from national banks are often interpretated as hostile behaviour towards Bitcoin and attempts to make people not to use it.

Is there any hope that Bitcoin users and governments will find the common language and help Bitcoin together to be more accepted in economy, especialy by businesses and to become more "legal" everywhere?

I'm afraid there's nothing we do not want bitcoin forbidden to access again and the government will punish the bitcoin investors because we also know many countries who strongly oppose the existence of bitcoin in its country

odakorlina

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It is because the government has a power to ban and regulate or prohibit the used of bitcoin on their restriction. So many bitcoin users are scared and afraid of that maybe their bitcoins will get lost and their investment will vanished.

riplete

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This is because many governments have banned bitcoins

bitfocus

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I am investing huge in bitcoin and I DON'T fear that (Government thing). Only those people who are using black (illegal) money are scared of it.

mak2017

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Quote from: bitbunnny on April 30, 2018, 05:34:09 AM

Is there any hope that Bitcoin users and governments will find the common language and help Bitcoin together to be more accepted in economy, especialy by businesses and to become more "legal" everywhere?

Great question, i was thinking about it myself. And to be honest, i don't see bitcoin holders and governments finding a way to make bitcoin legal worldwide in near future.
Many governments are currently studying blockchain, and trying to apply it in their economy or other sectors - that's a priority for them at the moment.
Adopting bitcoin worldwide is a real challenge for governments, as i think most of them still say "it's a bubble" for the reason they can't control it.

nory51

newbie

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Because only Government can force that they can ban Bitcoin that many poor people don't have way to be rich from their country. Government shows greedyness to people who need money

Odlanyer

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Government is very strong and strength that's why many people are fear and afraid. Other country are banned bitcoin because they can't control the fast spreading of bitcoin to their country when government found that you is using bitcoin their possibility that they give you an penalty or put you in prison to prevent using of it.

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