Why so many Bitcoin users have fear of governments? - page 16.

charlemagne_15

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Activity: 357

Merit: 12

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?

It is indeed that few people in the bitcoin world feared the governments maybe because of the threat they see if all governments will totally ban the bitcoin. We all know that government is more powerful than bitcoin they can stop the production of it in just a snap. They are also afraid that governments will end any bitcoin transaction.

pasti kaya

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probably because of bans in some countries on circulating bitcoin users and illegally declared bitcoins. Therefore, they are afraid of criminal sanctions.

cutecute

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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?

Many bitcoin user have fear of government because they all know that there's a chance that our government can make our bitcoin disappear. Actually in other country they didn't let anyone to make an cryptocurrency transaction

jchav010101

newbie

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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.

Viranz

newbie

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Because the rules of each country are different. So there is a bitcoin banned and there is also a legal bitcoin.

anisuzzaman99apu

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In What Do We Trust?

Fiat is a term used to describe the conventional currencies that are issued by governments. Fiat currencies have value because governments say that they do. To an increasing number of people, that promise means nothing. After all, fiat currencies are not backed by any tangible assets. You can’t return the currency to the government in exchange for a bar of gold or silver, a can of beans, a pack of cigarettes, or any other items that might have value to you. Fiat currencies are backed by the full faith and credit of the government that issued them and nothing more. If you want gold, silver, beans, or smokes you need to exchange your fiat currency with a person or entity that possesses the item that you want.

Why Control Matters

Governments control fiat currencies. They use central banks to issue or destroy money out of thin air, using what is known as monetary policy to exert economic influence. They also dictate how fiat currencies can be transferred, enabling them to track currency movement, dictate who profits from that movement, collect taxes on it, and trace criminal activity. All of this control is lost when non-government bodies create their own currencies.

kidd07

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Quote from: Hinugh on May 16, 2018, 07:19:08 AM

Quote from: Suebug on April 30, 2018, 06:44:10 AM

There is no doubt that everything that the government cannot control is a threat to them.
Uncontrolled Finance is a threat to the economy and to the indicators of gross domestic product.
The profit gained from cryptocurrencies is a concealment from taxes, which entails holes in the country's budget. Of course, any government will do everything possible to get rid of what they consider a threat.
But this is already a running mechanism. And of course no one wants to say openly - I am rich, but do not pay taxes. It's a prison and confiscation of property.

Bitcoin users fear government because they might controlled cryptocurrency. Our freedom that we enjoy right now in invisting bitcoin might be limited once the government involve. And the profit we get might lower the ROI because government always want a share .

Yes, if we speak about government intrusion then what comes up in people's mine is the taxes that they will collect in every transaction then therefore its a big minus for our income and worst is if they will abolished bitcoin system because of their accused that its a crime prone activity.

Abu Shadow

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Activity: 238

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Quote from: ETHtotheMOON1 on April 30, 2018, 05:49:44 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?

it is natural people are curious what governments have to say as they could impose some barriers on crypto industry and make it less accessible. However generally speaking, that is not what is happening.

Yeah i agree as most people will not want to have a problem with the government.

Allura74

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Quote from: m.mendoza on May 15, 2018, 01:44:04 AM

Quote from: vermigerous on April 30, 2018, 06:38:24 AM

Some corrupt governments just want get some taxes to our bitcoin if they knew we are holding a huge bitcoin on our wallet. so that's why being anonymous is more important so the government will not get our hard earn money.

they should do as a government is to find solutions and innovation to the existing problems. not taking short-term decisions. people are afraid that states and governments will again take such an opportunity from them. bitcoin user in this state cannot use bitcoin in ant transaction or convert it to fiat. Also the decision of the government in banning of bitcoin in their state have a big impact on the price movements in the market cap.

Yes, mostly government are hesitant of bitcoin and I think because of its decentralized design that even them cannot control the system. Many speculations and FUD by people that government will take control for bitcoin and if that will happen it will destroy the crypto world in terms of profit ability because for sure if government doesn't banned then they will take an action for collecting taxes.

kissme09

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PayAccept - Worldwide payments accepted in seconds

Because many people use Bitcoin as a solution to save money, and keep their money away from taxes from the government. Many people use Bitcoin for evil purposes, so many people fear that governments will negatively affect their money.

Hinugh

newbie

Activity: 110

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Quote from: Suebug on April 30, 2018, 06:44:10 AM

There is no doubt that everything that the government cannot control is a threat to them.
Uncontrolled Finance is a threat to the economy and to the indicators of gross domestic product.
The profit gained from cryptocurrencies is a concealment from taxes, which entails holes in the country's budget. Of course, any government will do everything possible to get rid of what they consider a threat.
But this is already a running mechanism. And of course no one wants to say openly - I am rich, but do not pay taxes. It's a prison and confiscation of property.

Bitcoin users fear government because they might controlled cryptocurrency. Our freedom that we enjoy right now in invisting bitcoin might be limited once the government involve. And the profit we get might lower the ROI because government always want a share .

Lucifers

member

Activity: 107

Merit: 36

Probably because the bitcoin user is afraid of not being able to use bitcoin anymore. That is why bitcoin users are afraid bitcoin banned in the country. Because they will not be able to use or search for bitcoins anymore.

olatslodi

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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.

ngano ba

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Activity: 280

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Many bitcoin users have fear of the governments, because at first the government does not like bitcoin ,for they do not have the power to govern bitcoin , bitcoin holders are afraid the government might impose strict implementation of ban on bitcoin transaction in industry and other establishments ,stores, restaurants , hotels , this might be woarst thing that will happen againts bitcoin.

traderethereum

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Vave.com - Crypto Casino

I think bitcoin users feel that if they use bitcoin, they can break any regulations from the government and they don't want to go jail because doing illegal things. but as long as in that country, bitcoin is accepted and even the government still not giving any statement about bitcoin, then bitcoin user could use bitcoin by free. but once the government has made the decision to prohibit bitcoin then it is clear for the citizen to not use bitcoin because they will break the regulations and this will make them doing illegal activities.

ys fs

newbie

Activity: 234

Merit: 0

kalau menurut saya sih karena bitcoin ini sangat berpengaruh pada bidang ekonomi, dan pemerintahpun menerapkan kebijakan peraturan tentang bitcoin ini sehingga dapat menekankan para pengguna bitcoin.
jadi menurut saya itulah penyebab pengguna bitcoin takut pada pemerintah....

Robin,Hood

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Activity: 462

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There is the once contend with slavery and there is the once fighting to free themselves from tyrannical powers.
Government = govern your mind. Enough of the brain washing international free thinkers unite.
To be born and think i owe somebody something is insanity.

luckchuck

newbie

Activity: 22

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Because government wants to control everything and destroy whatever it cannot control and the essence of the bitcoin is not to be controlled by anyone. This is why people do not like the governments much

m.mendoza

full member

Activity: 321

Merit: 100

Quote from: vermigerous on April 30, 2018, 06:38:24 AM

Some corrupt governments just want get some taxes to our bitcoin if they knew we are holding a huge bitcoin on our wallet. so that's why being anonymous is more important so the government will not get our hard earn money.

they should do as a government is to find solutions and innovation to the existing problems. not taking short-term decisions. people are afraid that states and governments will again take such an opportunity from them. bitcoin user in this state cannot use bitcoin in ant transaction or convert it to fiat. Also the decision of the government in banning of bitcoin in their state have a big impact on the price movements in the market cap.

clairdelune

jr. member

Activity: 168

Merit: 1

Bitcoin users have fear of government because some government do not accept bitcoin, but if you are just a newbie and having a fear it is normal because they are new in this industry. They do not know yet how to overcome their fear. When they already know how to manage their fear then it will be remove so it is just normal to have fear of government.

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