Why so many Bitcoin users have fear of governments? - page 19.

$$$sparkles$$$

member

Activity: 350

Merit: 10

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?

Because a lot of users think that the governments will ban or declare Bitcoin illegal in their country. We all know that governments are manipulative and will find ways to get hold and control of anything that generates a huge amount of money. Now though digital and decentralized, Bitcoin is no exemption. Most of the governments are now eyeing cryptocurrencies, especially Bitcoin due to its high market cap and value. A few opted to ban Bitcoin, but majority did not because they know that they can benefit from it (mainly through taxes). So instead of banning, they would regulate or set restrictions on the use of Bitcoin.

jaaeeeyyyy

full member

Activity: 434

Merit: 101

Quote from: Prettyme on May 03, 2018, 09:29:58 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 believe that everything has its own time just like bitcoin, where a lot of country still don't accept and recognized bitcoin that is because of some issues. But then again bitcoin will be accepted as a means of payment by a lot of government. Bitcoin awareness will be spread out around the world.

As long as your country is not banning bitcoin you can pretty much invest freely without boundaries. But I think when your country banned bitcoin I think it is risky. Your bitcoin career is pretty much hidden to everybody because it is forbidden for you to use. Maybe these countries ban it because the danger it may give but people specially the government should stop looking to bitcoin as a dangerous investment for everyone and should be given a role in our community and economy.

youdacapt

sr. member

Activity: 1890

Merit: 295

GOD is TRUE

as long as there is no prohibition to collect and buy bitcoin, do not be afraid, but if the government really prohibits it then there is no official positive path for us and should be more careful in every crypto transaction, it is very ironic that the government wants to use blockchain technology but it is very difficult trying to separate the bitcoin from the already binding system. We are required to be experts but the government cuts many of the potential associated with bitcoin.

Netnox

legendary

Activity: 2044

Merit: 1008

In countries such as India and Indonesia, the Bitcoin users need to fear the government. The authorities are doing whatever they can, in order to harass the users. They are sending tax invoices to anyone whom they suspect of dealing in Bitcoin and they are freezing bank accounts owned by Bitcoin users and exchanges.

fire rab1

member

Activity: 179

Merit: 10

Bitcoin is innovated due to the flaws and blunders of centralization that is why a decentralized currency invented. Government cannot track down every transactions made with bitcoin so they can't implement taxes.
Everything that the government can’t control is a threat. That’s the reason Bitcoin users have fear of Government.

ACVinegar

member

Activity: 196

Merit: 20

For the simple reason, because they are scarred to banned bitcoin on their respective country. More people are used bitcoin and other crypto currencies as source of income, that's why they rely and they were always affected to the fluctuation of crypto in the market. In my opinion since bitcoin and other crypto currency now are not hold by they governments it's better to care and hold it for the future value of those coins.

THATBTC

newbie

Activity: 98

Merit: 0

Quote from: Pursuer on April 30, 2018, 06:06:13 AM

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.

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

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!

Agree lol

Cryptoproff

member

Activity: 224

Merit: 10

This is because some governments have already banned bitcoins and thus legally people in those countries cannot invest in bitcoins. You can use loopholes to invest but the danger of legal action is always there.

jump4ever

full member

Activity: 257

Merit: 100

here, rather, another ... Governments themselves are afraid bitcoin))) when a country announces bitcoin outlaws, it calls the main problems "money laundering and the financing of terrorism."

WebTera

member

Activity: 322

Merit: 10

Over time, the state will accept bitcoin, just until this technology is quite new and it has not had time to gain confidence, and our conservative rulers are very slow to think.

fattyforhire

full member

Activity: 364

Merit: 100

I really hope that the government will find a way to accept bitcoin, as this technology can really improve our economy.

samantadegrenet

hero member

Activity: 686

Merit: 500

Every time a nation decides to regulate the btc, users fear that the government can have a prohibitive vision and for this reason they fear governments.

taeewo

full member

Activity: 392

Merit: 100

This is just because of the fact that government has not officially shows interest on bitcoin which always make people fear of been ban, Government still dont know how they can control what we called decentralized as they like been in control of everything...

Prettyme

full member

Activity: 364

Merit: 100

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 believe that everything has its own time just like bitcoin, where a lot of country still don't accept and recognized bitcoin that is because of some issues. But then again bitcoin will be accepted as a means of payment by a lot of government. Bitcoin awareness will be spread out around the world.

sneeze11

full member

Activity: 347

Merit: 100

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?

For me many bitcoin users have fear in government because they thought that someday government will ban bitcoin all over the world. I think government will not do it because there are some government employees that also investing here in bitcoin because they all know that bitcoin can help them to have an extra income.

Suguha

member

Activity: 218

Merit: 10

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 why bitcoin users are afraid to government because if the government found out that the citizen of the country has a job that can increase their salary 2X or 3 times higher than the usual salary they get, it surely the government will declare to get some of their salary to be a tax, or if they found it they will ban it to our country but the best way to be legal of bitcoin is helping each other to improve the developing in the country by giving approval that the people may be a users to increase the level of economy, by helping government and bitcoin will surely be lessen the poverty and unemployed.

tegarp90

full member

Activity: 546

Merit: 100

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?

The reason is simple why the government really hates bitcoin.
The reason is the government afraid to us because we can "hide" our money into bitcoin to avoiding tax.
That's why the government really againts bitcoin

crocozino

sr. member

Activity: 420

Merit: 250

it is simply the knowledge that a general man can't do anything against the government.
cause they control everything. and if they will ban bitcoin and will promise harsh problems for violation, you will not fight back.
they have the power and law. imho.

zarados

full member

Activity: 364

Merit: 130

it is not surprising that many are concerned about governments that do not support this cryptocurrency technology and even threaten their inhabitants to stay away from cryptocurrency. Besides the government can make unfriendly regulation with the users of cryptocurrency, they can also narrow the space of the users of cryptocurrency because it is difficult to turn it off totally.

btcrising

newbie

Activity: 122

Merit: 0

Because basically every state makes most of its living from natural resources and taxes. Until there is no taxation, and no actual governmental applications, I really can't see any reason for them to support BTC or any other decentralised crypto. We are still pirates here

Topic: Why so many Bitcoin users have fear of governments? - page 19. (Read 1670 times)