Why so many Bitcoin users have fear of governments? - page 23.

richminded

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Activity: 798

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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

legendary

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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.

Larster

newbie

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Some people love to be completely independent from anything and control, and bitcoins give this freedom. Perhaps for most of them, who decide to take risks and try to succeed in entering this rough and unfamiliar sea the noregulation looks as a potential source of illegal income?

CAPT.DEADPOOL

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PHORE

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

maningka

newbie

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It is because we afraid,so that bitcoin cant complete turn over because some policy of government it will be corrupt.

dupee419

sr. member

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You know, if you're like a guy who always tunes in to news reports you can actually see that these days bitcoin and alts are gaining more positive rather than thw negatives of bitcoin, this cause would make a big effect to governments, and yes alot of us fear governments because they have the power to close out bitcoin anytime, but with the help of social media and technology I fairly think that the governments would be able to see the good side of bitcoin and alts, because it can also be a big help to the economy of their country, bitcoin if used in the right way with the partnership between a government could really help boost the economy.

Turkish88

full member

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I dont understand why some crypto enthusiast's like idea of world without governments, it will be apocalypse - world of full chaos

johncartersr

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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.

aquantivis86

newbie

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gosh it must be so wonderful wherever it is that you live. where pray tell is this land that is so completely free from oppression, corruption and incompetence?

bristlefront

member

Activity: 225

Merit: 10

Government issued money or fiat money have a stable price and the increase/decrease of its value is only a little amount. While on bitcoin, its price is randomly increasing/decreasing because it depends on the people that trades it in the digital market or trading sites.

agimat

newbie

Activity: 115

Merit: 0

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.

Maybe that is the one of the reasons why bitcoin users afraid or have fear of government in terms of this kind of coin for investment because we knew that nothing is impossible by the government, if they legalize this im sure they will make and act or laws that they will gain in favor of them, im sure more taxes or fees imposed.

Ronaldcoin2017

sr. member

Activity: 1148

Merit: 300

Quote from: jcarlo on April 30, 2018, 09:44:01 PM

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?

Regulation should not be feared by crypto holder. Government will not be able to shut down bitcoin or cryptocurrency because bitcoin or cryptocurrency and if they want to shut down crypto, government should shut down internet in entire world.
Regulation needed because we can avoid from ICOs scam but cryptocurrency not depending on government regulation because its depending community

I believe that government can ban bitcoin. That is why bitcoin user is afraid on it. Bitcoin is amazing but some government ban it because of some negative issue, The bitcoin will directly ban if they want it. So if the government ban it some users will not earn or used bitcoin anymore that is why many people around afraid or have fear on government.

Ca.ming14

newbie

Activity: 143

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I think somehow government and bitcoin user can meet in middle when the right time comes. In addition to my answer, Bitcoin user is afraid of government because Government has a power to impose rules and policies that will benefit of them, and I'm sure that individual investor will be affected and will suffer as the outcome if government will have a hold and control over bitcoin.

jcarlo

member

Activity: 798

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?

Regulation should not be feared by crypto holder. Government will not be able to shut down bitcoin or cryptocurrency because bitcoin or cryptocurrency and if they want to shut down crypto, government should shut down internet in entire world.
Regulation needed because we can avoid from ICOs scam but cryptocurrency not depending on government regulation because its depending community

SmokerFace

sr. member

Activity: 958

Merit: 265

Because government in any local country are powerful and many corrupt government officials will do anything just to get more money and we're afraid when government will put some taxes in bitcoins or else they will ban it or directly ban in our country without begging for taxes because govern is like business too not all of government that sits in their positions are just want to help community other else wants to earn more money and to become powerful person

Thira

newbie

Activity: 92

Merit: 0

Quote from: Yakapo on April 30, 2018, 07:04:52 AM

Governments hold the fate of Bitcoins in their hands, They can make policies that can either destroy Bitcoin or make it better and prosper, if the governments prohibit the use of BTC world wide, it will lose relevance and hence fade off and die, If the governments legalize it then that will be its key to success. The future if BTC depends on the government policies

Yes i agree of this naturally bitcoin users have fear in government in connection to this kind of currencies, because if the said government focus on this and they knew it that a huge amount of money involved here, and if they legalize it i am sure that they will impose more rules and policies including fees in favor of the government. And im sure that individual investors will be affected to this, they will suffer also the fees or taxes.

maxreish

sr. member

Activity: 1330

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They are afraid that there is no guarantee in the future that the use of this will be declare legal or illegal, when it comes to the fact that it is unacceptable to use, all of their tiredness and hardship it will lead to their losses, all those fears will disappear if the government declare it as a legal.

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