Topic: Why so many Bitcoin users have fear of governments? - page 15. (Read 1670 times)
There is a big chance that government and bitcoin will work together for the common good of the people. That is what's happening here in my country, the Philippines, they officially legitimised bitcoin. And they are creating regulatory guidelines to protect the bitcoin owners.
Because the only group of individual that might influence the activity of bitcoin is the government (though not to mention hackers, social media corp. etc). The government has its power and money; if leaders around the world would decide to shut down the internet (which would nearly be impossible) then bitcoin life and fame will also be in a ride - diminished. BUT, that is ideal... However, given such truth about the usefulness and implications of bitcoin and other alternative coins in the cyber market; well then, it can be presumed that government might intervene or will make regulations on it. We don`t know? Even when bitcoin cannot be controlled ( Decentralized) still government has its people - the stakeholder of bitcoins`.
because unfortunately whenever price rises it attracts a certain type of people who rush in with their eyes closed. they don't educate themselves and are usually brainless. they don't even understand what bitcoin is and what a decentralized currency truly means. they just listen to some other idiot FUDster to talk some nonsense in their ears and they follow it like a sheep.
funny you should mention this. it usually isn't! we keep seeing topics around here by newbies saying government is set out to kill bitcoin or some of them are even claiming they have already banned bitcoin! I don't even know where they get these nonsense from!
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?
funny you should mention this. it usually isn't! we keep seeing topics around here by newbies saying government is set out to kill bitcoin or some of them are even claiming they have already banned bitcoin! I don't even know where they get these nonsense from!
Not much to fear most bitcoin users in the government are afraid they might maybe b bitcoin manage the bitcoin and maybe lose bitcoin maybe I think the government itself is afraid of bitcoin because there is no tax bitcoin they do not get money in bitcoin and another might be the government's only tax breaks on bitcoin.
I think that its a lack of awareness about Bitcoin and how it works. As we know that in the worst case, governments can ban crypto to fiat and vice versa transactions so even in such scenario, we will be able to send and receive crypto without breaking any law. On the top of that, international exchanges are always there if someone is willing to buy or sell crypto so this fear of government is based on the lack of realization of the potential and power of decentralized payment systems.
although the government can not totally stopping bitcoin by making a ban, but that make user afraid is not it, but the influence of government policy on bitcoin market, we know that the government has enormous power, and when they ban bitcoin the impact will be very bad on price, that's why some people are afraid
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.
Because if they deem it as illegal, then even using it would be considered a crime.
As we know bitcoin is a crypto currency and we dont have to pay goverment tax for it.so the fact is we r using bitcoin and invest money and earning from here but the goverment is not getting a single money from this. At present many big companies are paying and recieving money in bitcoin so goverment tax is discreasing.
and to maintain this problem goverment can ban bitcoin.
and if this happened people will face a great problem by loosing money.
thats why the bitcoin users have fear of goverment.
and to maintain this problem goverment can ban bitcoin.
and if this happened people will face a great problem by loosing money.
thats why the bitcoin users have fear of goverment.
Bitcoin is not legal in many countries, the government has banned in some countries. so the bitcoin users getting afraid if it is banned in our country what we do. And also the tax problems, if the government ask tax for bitcoin transactions.
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?
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 that there are bitcoin users are afraid in government because we all know that the government are so powerful that is why they are afraid to them. Also bitcoin is not yet legal in some countries thats why there's a goverment ban bitcoin.
There are a lot of bitcoin users fearing the government. Because the government does not accept bitcoin payments and does not consider the currency to be official currency. This has a great influence on the existence of bitcoin. Bitcoins can be killed if the government bans Bitcoin.
Fear of government is common thing, because if they come with plans that bitcoin is banned within the country. Then, all the efforts that has been made to earn as well the real money invested upon the same goes unused. In some countries, people were punished which is the reason for the fear and this will change as countries start providing support for Cryptocurrency.
only government has a power to control the legalization of all cryptocurrency in every countries they have.
thats why people has a big fear in government if they invest money that will be so risky there are chance of banning of bitcoin in their country.
thats why people has a big fear in government if they invest money that will be so risky there are chance of banning of bitcoin in their country.
I noticed that too. Fear of government is prevalent in this forum. Must be the bandwagon effect. Or most people here have something to hide.
it is simple, many bitcoin users in different countries know fully well that government controls almost everything that operates in a country and putting a ban on bitcoin can for sure affect its usage within the country thereby affecting its price. government always want to control everything and whatever they find difficult to control, they ban. so basically bitcoin users one way or the other needs government support to take bitcoin global
I think that its a lack of awareness about Bitcoin and how it works. As we know that in the worst case, governments can ban crypto to fiat and vice versa transactions so even in such scenario, we will be able to send and receive crypto without breaking any law. On the top of that, international exchanges are always there if someone is willing to buy or sell crypto so this fear of government is based on the lack of realization of the potential and power of decentralized payment systems.
Because they can know how much they hold Bitcoins. But this is not really the issue here. The real problem here is that they can control the Bitcoins and their rise and fall is no longer natural.
But on the other hand, it's also good to be bitcoins to regulate to avoid scammers and much more
But on the other hand, it's also good to be bitcoins to regulate to avoid scammers and much more
it could be that the fear is reasonable, because if the government ban bitcoin clear bitcoin users are afraid of losing his money, on the one hand if the government issued a warning accompanied by the threat of punishment for bitcoin users in his country is definitely the bitcoin users will be afraid
Currupt governments just want to get some taxes in bitcoin if they knew we are holding a huge bitcoin in our wallet.That's why being anonymous is more important so the government will not get our hard earn money.Now it feels more investors oriented.
The government is not corrupt but the people who are running it are the ones responsible. But it is not also fair to declare and generalize that all government leaders and agencies are corrupt. Sometimes it is easy to say that the government is corrupt if you do not know where are the funds from the treasury are going to. Also to tax those who have earned a profit in bitcoin is just normal since all business must pay their corresponding taxes.
This is because government can take legal action if you violate their laws like ban on crypto. Just because you are able to make those transactions does not mean that you are safe also.
Government has the power to ban, to stop anything in the country where they belong so bitcoin users afraid that it will happen in the future. They (bitcoin users) also scared or afraid because government can possibly stop or end bitcoin transaction if that's happen then we loss the possibility to earn money or to get profit.
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