Why so many Bitcoin users have fear of governments? - page 22.

Mymikagab

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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.

you're rigth a lot of corrupt countries and because they do not think that they make a bitcoin for their intentions i'm afraid of them because i know that my country is corrupt i hope just support bitcoin not to bad intention to help our country.

traderethereum

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because the government can do anything they want, remember, the government has an unlimited source that could do whatever they want. people are afraid of the government is because they can break any law or regulation that has been made by the governments.

but I am sure that in someday, bitcoin user and the government will have the same agreement about bitcoin that bitcoin is a new thing of payment system that could help many people and the countries and the government itself will make good regulations that will neutral for bitcoin user and they are not against with bitcoin.

brylle34

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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?

of course, everyone will fear of any actions of the government if the cause will be negative for us bitcoin users and traders, i agree with you ignorance is the cause even here in our country the media are feeding the people with the wrong news like for ex. The title of their news is Bitcoin Scam, but if you will look at it the investors and the people who wants or likes to explore what bitcoin is will have a negative impression, and the problem is that is also the first time they heard bitcoin and they will say that bitcoin is scam, but in reality the problem is what you said ignorance.

Nivir

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Quote from: samoilov on May 01, 2018, 03:08:29 AM

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.

Not just that they don't have the opportunity to invest but what hurts most is they cannot convert it into fiat when they need cash. Lucky for reach people that can easily travel to countries that are friendly to bitcoin. I am always thinking of this because it may possibly happen in my country too.

samoilov

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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.

Powerpuff

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Quote from: carlisle1 on April 30, 2018, 06:53:48 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.)

dangwapo311

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I believe that bitcoin and cryptocurrency are a big threat to the government that is why they don't like bitcoin. Bitcoin being decentralized means the government cannot track down every transactions made with bitcoin so they can't implement taxes and you know government hates it when they are losing tax money.

bitfocus

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if you ask me, I guess those people are using their illegal money to buy Bitcoin. when someone don;t pay taxes for his/her income/investment/property - that profit is actually illegal.

vitimers

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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.

shawa

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MANY BITCOIN USERS HAVE FEAR OF GOVERNMENTS BECAUSE THEY ONLY SEE BITCOIN AS A CASH IN THEIR BANK ACCOUNTS RATHER THAN TECHNOLOGY

victorski

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I dont have one...I live in such country, where if something is forbidden it take only few days for people to find a way to find another way, lol.

EdenHazard

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For a newbie 'yes' they would say like that, bitcoin will be destroyed by the government because of the regulation that they are blind. They are afraid because the government banned bitcoin until finally he has the idea that bitcoin users will sell it, it's a bad thought. They didn't know that government regulation only provides a temporary price reduction effect.

And this has a similar position to the government, the government only sees the cryptocurrency of its negatives alone. They prefer to see or hear bad information about cryptocurrency, with good information they will ignore it. Until now I have not known for certain why they (government) prohibit cryptocurrency, especially in my country. Whereas before they prohibit the cryptocurrency of the country's economy is not threatened by the user and even many people who have no income (unemployment) before with jump into the cryptocurrency of their economy for the better.

Kakmakr

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When Banks nearly destroyed the global economy and people were crying in front of Bank branches and closed ATMs, the government were the force behind those decisions. The Banks were then bailed out of trouble by governments with tax payers money and the CEOs of these Banks got huge bonuses for "saving" these Banks. Roll Eyes

Can you understand the anger and resentment and loss of trust for these institutions now? Now these same governments wants to make decisions for a technology that can prevent another economic collapse?

Al-e_x

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yes, I agree with you. because the government's decision to ban bitcoin will put the bitcoin value down, and the impact is that many bitcoin users are harmed.

in india many miner bitcoin, whereas RBI ban crypto transaction. and bitcoin miners fear regulatory RBI will hamper their mines. and even shutting down their mining activities.

when in the future more and more users crypto, and dominate the world market, so every country will receive crypto, because the volume for the government is the main factor that can move the stability of the country.

BertoloyBTC

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The bitcoin users have fear of the government because if bitcoin will be recognized by the government, it will not be decentralized anymore , it will be under some policy of the the government like securities and exchange com., the bureau of internal revenue , and other financial policy under the central bank, this would fear the bitcoin holder.

richminded

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Quote from: CAPT.DEADPOOL on April 30, 2018, 11:13:15 PM

I think it's not all and there is no law that can be used by bitcoin users unless using a bitcoin does something bad like scams like a bitcoin user or people who do not know bitcoin so others blame the bitcoin scam but it's not true

Don't fear with the government because we still need them so we can still able to use cryptocurrency. Be scared if they banned bitcoin or other coins because we will lose this kind of opportunity to make money.

Quote from: nory51 on April 30, 2018, 09:04:30 PM

They fear to government because government can banned it and says this is illegal but but the truth is many people become rich, many who feel the benefit of bitcoin can feel afraid to government who control what government want they want to

I'm confident with our government that they will not banned this thing, there might be regulations but I think its ok as long as we enjoy using cryptocurrency. Scams might be the reason for the government to banned bitcoin but hopefully it will not happen.

Nerman

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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?

I think the reason behind it is their fear of losing money. It is obvious that when a country or a government have banned or restricted Bitcoin or altcoins there are negative movement on the price. Also government has technically the power to impose banning of crypto currency which I think will not happen in a democratic country. Legalization of Bitcoin and altcoins can only be true if the government said that it is legal.

Spaffin

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Even ordinary, simple at first glance, notification to citizens sent by banks that investing in crypto currency is a risky occupation, in many ways frightens citizens of the crypto currency, because they are used to trusting banks, especially public ones. Banks will oppose the introduction of the crypto currency until they see the hopelessness of their actions, after which they will adapt to the prevailing circumstances and provide services themselves with the crypto currency.

State regulation of the crypto currency in general is really not to be afraid. However, the rules of the circulation of crypto-currency in the country established by the state are different, especially people are afraid of strict taxation conditions with respect to the crypto currency and constant identification on each exchange and exchanger.

ruthbabe

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

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 have stumbled this link, http://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country under the Legal board of this forum. Accordingly, there are around 70 nations which have been lenient towards this currency of the future and have given it legal or quasi-legal status. Some of these nations are Australia, Belgium, Brazil, Canada, Colombia, Croatia, Czech Republic, Cyprus, Denmark, France, Germany, Hong Kong, Israel, Italy, Japan, Ukraine, New Zealand, Norway, Philippines, Poland, Singapore, Slovenia, South Korea, Spain, Switzerland, Sweden, Turkey, United Kingdom, United States.

vv181

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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?

Actually, no. Most people who have fear of the governments intervene in the cryptocurrencies does not acknowledge fully what is the decentralized meant.

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

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 don't think centralized entities especially governments want to accept something beyond their control like decentralized cryptocurrencies. It is always become the centralized one, indirectly nor directly.

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