Topic: Why so many Bitcoin users have fear of governments? - page 25. (Read 1651 times)

   Bitcoin has many features. One of them; it is not owned by any center and can not be controlled by a particular structure. With this feature, Bitcoin will take its place in World History. Bitcoin is creating a new world order. Thanks to Bitcoin, there will be a payment method that is accepted all over the world, but does not belong to any authority. International payment methods will be easier. Go wherever you are in the world, you will see your needs. This is really important. The old order is breaking down and the new order will be established. Therefore, governments may be uncomfortable. But that does not change.
   Because those who want to have the power will always be. Bitcoin is not well received by these authorities...

It's merely because of trust issues. Bitcoin is innovated due to the flaws and blunders of centralization that is why a decentralized currency is invented in the first place to avoid human error and fraud. The blockchain technology alter this kinds of fraud by using nodes agreement to order transactions. The Bitcoin network orders transaction by putting them together into groups called blocks, each block contains a definite amount of transactions and a link to the previous block. Aside from being transparent it can also prevent double spending and avoid cross border fees.

There are some countries that are legalizing bitcoin despite its decentralized nature. The only thing that they are afraid of is that bitcoin can be used as a vehicle for money laundering. That is why the government really wanted to do KYC on every users in a certain exchange company to provide or atleast monitor illegal transactions.

I think that if they knew that they were using bitcoin they would end up with the government so they were afraid of the government and maybe they did not approve the bitcoin in their country

I think that's a silly fear now, too many governments see the massive market it's bringing including the jobs and they don't want to lose out.

yes, many users fear governments because governments banned bitcoin at any time and governments can't control bitcoin over fiat money.

it was already achieved in some countries and it is starting in others too. for example Japan, Australia, Korea, Germany, Venezuela, and a lot more countries have already adopted bitcoin with open arms. the number of countries that are still defiant to bitcoin is so little and the people in those countries are already doing whatever they want because they are realizing that bitcoin is decentralized and the government can not have a say in it. eventually bitcoin will be accepted all around the world just like any other currency such as US dollar is.

I think that is more an old sentiment, when Bitcoin first started a lot of users were libertarians wanting to go around being forced to use a government dictated dollar. Now it feels more investors oriented.

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

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

Possibly those people have huge amount of bitcoins and they are afraid that they will be questioned by the Anti-Money Laundering Agency. Or another reason could be is that they are just afraid of the huge taxes that will be placed by the government. And lastly there could be a misunderstanding about the role of the government that is why they are thinking too much.

There is no doubt that everything that the government cannot control is a threat to them.
Uncontrolled Finance is a threat to the economy and to the indicators of gross domestic product.
The profit gained from cryptocurrencies is a concealment from taxes, which entails holes in the country's budget. Of course, any government will do everything possible to get rid of what they consider a threat.
But this is already a running mechanism. And of course no one wants to say openly - I am rich, but do not pay taxes. It's a prison and confiscation of property.

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.

Forex trading is $4,000,000,000,000 per day transactions (US Dollar, Euro, UK Pound, Chinese Yuan, Japanese Yen). That is the reason Central Banks are stopping banks from supporting Bitcoin transactions.

People cannot create money like Bitcoin (decentralization) and governments have an well established money system that has seen many wars, economic crashes, 9/11 terrorist attacks, economic booms, technology revolutions and more..

it can be over egged but it's also an understandable dislike.

let's say the current system of government was proposed to a bunch of us nomads today.

we're thinking of coming up with this new system. it'll control where you're born, how you're born and whether your parents can keep you. when you're a few years old you'll spend most of the day in a school controlled by the government that'll teach you what happened in the past and how to think.

then you're out of school and you can't just live anywhere you want. you have to live in something approved by the government. that'll be taxed by that government. if you don't pay tax on it you'll be thrown in jail.

you'll have to work to pay for it. your work will be controlled by the government. there'll be certain things they won't permit you to do and there are so many of those you may not know you're breaking the law. if they find out they might send you to jail.

it's possible while you're working that a war will start and you will be forced to fight in it. it's not your business to question why the war is happening or whether it's actually protecting your country, more than likely it isn't and it's the agenda of a few people.

you may well die during this war. if you refuse to fight in this war they might send you to jail.

if you survive you get old. in theory you paid the government a vast amount of money to look after you in your old age. in reality they squandered the money and you're probably screwed.

then you die. the government controls how your corpse is disposed of. it costs a lot of money. if someone decides to something different with it then they go to jail.
 
if i was a nomad i would fire an arrow into the asshole proposing this system and disappear into the wilds.

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.


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!

Some does have reasonable grounds, and they help the community as well by doing so(specially those who do fundamental analysis) because it will lessen the time spent on looking for news(by speculators).
There is a hope for governments and users to be on the same page and help btc together in increasing adoption rate. So long as there are benefits governments can gain by doing so, do not lose hope.

it is natural people are curious what governments have to say as they could impose some barriers on crypto industry and make it less accessible. However generally speaking, that is not what is happening.

I believe there is a room for btc and gov to work together in the future once there is more adopters for btc, gov will slowly feel the pressure either from users or companies and the gov will have to think of ideas to incorporate btc into the long term plan.

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?