Why so many Bitcoin users have fear of governments? - page 20.

Suguha

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Quote from: bitbunnny on April 30, 2018, 06:34:09 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

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Quote from: bitbunnny on April 30, 2018, 06:34:09 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

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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

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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

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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

aitrading

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Governments will try to control it, ban it or whatever. But considering adoption, they should find one way with BTC in the future.

sandor111

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Quote from: curry101 on May 03, 2018, 03:38:54 AM

Maybe because governments wants to be one who control bitcoins. Then after that they can implement a law that it will be taxed. And also im afraid because im only have a little income in bitcoin then if it will be taxed then i will not gain anymore income. All the income that i will receive will go on the tax that i will pay.

Governments by definition cannot control Bitcoin. Controlling currency means that you can manage circulating supply by releasing new bills into circulation or taking them out of it. They cannot do that with Bitcoin. However they can theoretically obtain more than 50% of all bitcoins and this way they could manipulate the price.
They can also tax it, yes, but this would only cause price crash, while functionality of bitcoin would not be harmed.

AurumService

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Bitcoin users have fear of governments because politicians can`t secure the future of cryptocurrencies. There`s neither universal law basis for it nor some kind of global understanding how cryptocurrencies work. Governments want to stay focused on money but cryptofuture is coming faster than they expect.

Aliya Taj

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Governments are the policy makers and they decide what is operational within their borders and what is not. Bitcoin has been claimed to pose a threat to the national economies due to the fact that its free and untaxed which most governments don't like. The worry of a bitcoin user is waking up to a day when the governments have completely banned BTC or heavily regulates it that makes it impossible for it to earn proper returns, this will mean that all the investment and hard work goes to waste as BTC will no longer be valuable.

curry101

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Maybe because governments wants to be one who control bitcoins. Then after that they can implement a law that it will be taxed. And also im afraid because im only have a little income in bitcoin then if it will be taxed then i will not gain anymore income. All the income that i will receive will go on the tax that i will pay.

LastJedi

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I would say because they fear of having to pay taxes on what bitcoin they have bought or sold in the recent months their governments have been asking them to report these transactions.
In India they have done it and middle of last year the US has done it through coinbase with the IRS asking for all documentation from its user base.
Also governments can twist bitcoin to their own purpose of what to do with it.
Just look at Venezuela. Embarrassed

CoinboyBebop

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Its simple. Many bitcoin ivnestors buyed bitcoin very cheap and got now a huge profit. So they want to keep this profit. But theres possible that some gouverments want to take this profit away from them. Maybe they will bann bitcoins in there countrys. Or even worse, maybe they will set really high taes to bitcoin and other crptocurrencies. So why should anybody who was smart enough to invest in a future technology give almost they whole assets away just because a gouverment is jelouse and want to make profit too?

bitcoinVPSD

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I agree with you on this. Bitcoin users are always afraid of government decisions about bitcoin. The government's decision to forbid bitcoin will cause prices to go down and this has a direct impact on the bitcoin user's profits. In the future, I think there will be tax decisions applied to bitcoin so that governments will accept it and bitcoin users will less worry

pekcoin01

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Governments also want to make money with bitcoin. Bitcoin is an asset that makes people easily.
A system where money transfer can not be followed. That's why governments are against bitcoin.
If Bitcoin is legalized, their prices will not rise much if the deficits are closed.

Dod Ong

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Quote from: bitbunnny on April 30, 2018, 06:34:09 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 some bitcoin users has been afraid to governments because they think that the government can destroy the bitcoin in their country, So their bitcoin are lost if the government ban the bitcoin in their country or destroy the bitcoin. I don't want to become ban the bitcoin because the bitcoin is my only source of income and the bitcoin help me to help my family in our daily expenses or daily needs.

Google+

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Leading Crypto Sports Betting & Casino Platform

yes you are right many bitcoin users are frightened by the government because bitcoin users put the assets he has in bitcoin when bitcoin prohibits the movement of bitcoin hence the bitcoin price is sure to collapse. but users should not be afraid of the government.

Memenya

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Quote from: Powerpuff on May 01, 2018, 03:44:45 AM

Quote from: carlisle1 on April 30, 2018, 07:53:48 AM

Theres only one reason why those users that afraid of governments is about TAXATION ,because of so much love of their profit,they dont wanna give the government a piece of cakes,and those people that agraid tl be tracked maybe they are doing something fishy about their money,because if we are really fair and law follower we must know that in every amount that we gain,theres a tax obligation for the government

I agree when it comes to paying taxes, Bitcoin investors have a history of being evasive. The IRS last year successfully sued Coinbase, a leading cryptocurrency exchange, for access to customer records after only 802 people reported gains or losses from Bitcoin in 2015. (A court last fall ordered Coinbase to identify more than 14,000 customer accounts to the IRS.)

Worry about paying tax to government maybe one of the reason why many bitcoiner worry about government.
The other reason is because government can make any decision regarding bitcoin which impact the exixtance of bitcoin itself. So maybe this the reason.

maxim000

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For very obvious reasons that huge currency in anyone's wallet will attract attention. Government may also want to earn the taxes from the bitcoins we earned so it may change rules, regulations owing to profits of cryptocurrency. These apprehensions are in the minds of people what if the government ban this currency, everything is in the hands of our system.(government)

Helex

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definitely there are lots of fear in bitcoin users specially in India because the Indian government notice the all the banks to stop all the transaction related to crypto currency within 3 months.

worldtraveller321

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The Quest of the Best Information to the Solution

the solution to this is instead of all of us being guilty to invest in BTC so you can earn more FIAT
Maybe it be best to consider to just invest to earn more into another Crypto that you could use for peer to peer.

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