Topic: Why so many Bitcoin users have fear of governments? - page 18. (Read 1651 times)
Probably because bitcoin users are afraid that bitcoin will be banned in their country that uses bitcoin. Because if it is banned it will be a bit difficult to access bitcoin in the country.
Earlier it was feared that governments would ban bitcoin.But later,it was thought that governments would only regulate bitcoin and so no need to fear about banning.But now,many countries have decided to launch their own digital currencies and in such a case,we could not expect them to promote and allow crypto coins as well.
I agree! Given the fact that banks have central command and is strongly regulated by the government, whereas Bitcoin acts as no single network operating it. The fear for governments is due to the possibilities of banning Bitcoin and restricting its functions. The legality of Bitcoin takes effect depending on the regulation of each country, but not all governments in every country are limiting its operation, in fact there is an increase acceptance of Bitcoin in more countries.
In some countries governments and law enforcement authorities are against bitcoin. So bitcoin users one of the main fear is government.
Now many users have seen that the crypto currency provides an opportunity to bypass the restrictions that were previously established by the state authorities when using ordinary cash and non-cash money. Therefore, people are afraid that states and governments will again take such an opportunity from them. Moreover, we see that the states do not react so well to the crypto currency when it is legalized, than we would like. Therefore, many perceive the government if not as enemies, then as ill-wishers for the crypto currency.
In the future, governments and citizens must find a common approach to the use of crypto currency, otherwise there can be no.
In the future, governments and citizens must find a common approach to the use of crypto currency, otherwise there can be no.
I do not think that cryptocurrency users and governments will find a common language.
Earlier it was feared that governments would ban bitcoin.But later,it was thought that governments would only regulate bitcoin and so no need to fear about banning.But now,many countries have decided to launch their own digital currencies and in such a case,we could not expect them to promote and allow crypto coins as well.
I think the fear emanated from the fact that crytocurrencies as digital currencies serves as a better alternative to fiat currency which is the government currency and because of this, government will do anything to see an end to cryptocurrency.
Regulations don't mean prohibition so we must understand this.
Regulations don't mean prohibition so we must understand this.
Most governments worry that bitcoin will change the existing economic order, which will make it difficult for financial regulation. Moreover, the large-scale adoption of bitcoin will reduce the utilization rate of Fiat, and the government's Mint will be weakened.
because many are afraid that bitcoin will be ban from their local country.but I think bitcoin and the government compliments each other if the government tries harder to use bitcoin and its advantages.
it is possible that people are afraid of fines that are supposed to be imposed on developers of programs for working with crypto currency
It is historically goes this way that the government is used to have the ability to keep everything under it's control and because crypto market is something that is not in their hands they are trying to figure out how to regulate the market, so the users are in fear of the limitations that the government may set up.
We are all afraid that our government will ban the selling, buying and all transactions related to bitcoin because it will mean all our time and efforts will go to waste. As much as we want all the government around the globe will be united in allowing bitcoin transactions, but governments have different rules, different officials, so it would be difficult to achieve one voice about bitcoin.
I think it's just a matter of time, many countries are not ready to adopt cryptocurrency as a means of payment. there are some issues that must be anticipated by the state, among others: Internet facilities that are not evenly distributed in the country, the lack of technology education, security, theft, scalability, regulation and crime (money laundry, drug transactions, weapons transactions for terrorism ).
I believe that with the increase of bitcoin transactions by users, indirectly the government will conduct monitoring and laboratory testing to try to use bitcoin and other cryptocurrency. because today, the business world has started to look at ICO for business growth, the country will automatically consider if the business world is using bitcoin.
I believe that with the increase of bitcoin transactions by users, indirectly the government will conduct monitoring and laboratory testing to try to use bitcoin and other cryptocurrency. because today, the business world has started to look at ICO for business growth, the country will automatically consider if the business world is using bitcoin.
It is a mindset of people that bitcoin is scam and illegal. But for those openminded ones, it is a valuable asset or investment to have. As long as it is not used on illegal ways, there is nothing to fear.
if u are newbie u fear for governments or else u don't need to get fear of governments bitcoin is decentralised no governments can ban
Well they have fear on it because the goverment have the power to control the bitcoins flow in any area. Goverment can also create some changes with bitcoin like putting a tax on it or even make it illegal that also makes some of here afraid and tried to treat them as a bad ones. I think that you could not really blame those users since many of us here have also suffered back then when bitcoin was not really legal in our countries.
Because people are afraid to lose the one of the good investment and long term investment if government will ban bitcoin. Lets say that they can totally ban bitcoin in our country then its a big lose for us bitcoin users if its happen. Im also the one whos afraid that bitcoin will gone, because bitcoin is a very big help for us.
Because the government have its authority to ban bitcoin. So many bitcoin users are scared and afraid of that maybe their bitcoins will get lost and their investment will vanished.
Because bitcoin users lost their bitcoin if the government decide to ban bitcoin in their country and bitcoin user have nothing to do about it.
Bitcoins users holders and investors muat be scared in government because anytime the government can banned the bitcoin.everyone will lose their bitcoin if that will happen.bitcoin is one of our source of income.i will choose if the government give tax to bitcoin rather than banned it.
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