Why so many Bitcoin users have fear of governments? - page 6.

Bitcoinnumberone

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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?

Government have a power to stop bitcoin and to take control over it. Many country hate bitcoin because their government hate bitcoin they banned bitcoin if they want, Some government bitcoin is thread into there business it's all about. Users fear that their dreams, investment and money will be gone because of banning bitcoin into there country

NNMT

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Bitcoin users are afraid of the government because where they live the government bans the use of bitcoin, and gives penalties, such as financial penalties, can also be imprisonment ... I hope In future countries will accept bitcoin and see bitcoin as the common currency of the world.

kidoseagle0312

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I think these fear comes from the influences of others making them think that these two are enemies that want to overthrow each other. Bitcoin and the government can definitely co-exist but not on the same field. Bitcoin can keep doing its thing being cryptocurrency and a digital currency making convenient transactions and a living for many. The government on the other hand can keep regulating it thinks what is best and keep illegal transactions of Bitcoin at bay by imposing regulations.

fritzbird

jr. member

Activity: 210

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I believe fear among bitcoin users and investors towards the governments vary on how much
these governments accept and perceive bitcoins and cryptocurrency. For nations and countries
that have some positive feedback with Bitcoins are particularly welcoming and promising, making
them ideal and advantageous to modern trends. But to the ones that reject and speculative, there
is a greater risk on the future and outcome of bitcoins in their countries.

CarnagexD

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Activity: 1498

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Leading Crypto Sports Betting & Casino Platform

I think we users of bitcoin are afraid of the things the could hinder our goals in life. We all know that government could implement a system in bitcoin that could affect the usage and its function on the market that could give a lot of person a headache when it comes to transactions, investments and trading. But there will be always a positive sign in acceptance where it could give people more chance to utilize and used bitcoin freely and with the aid of system.

deepakg2m

copper member

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Actually only those BITCOIN or CRYPTOCURRENCY users are afraid of governments who use these for illegal purposes. They have a fear that if governments at some time accepted it and have a bit control on it for their citizens, then their illegal purposes will be known.

Phyton76

sr. member

Activity: 504

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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?

If the government just acknowledge the benefits of bitcoin to a country’s economy, it would have been their common language. For the betterment of the economy. Actualy users does not fear government but they just dont want government to control it because it would be more complicated.

P60

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Decentralized Digital Billboards

There are so may Bitcoin users who are afraid of government because of their capability to have a control in Bitcoin. They can ban it in one country if they want to. Thus, people will lose access about their accounts.

crypto3644

newbie

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users with a lot of capital invested in cryptos are afraid that the government will take everything away from them with the regulations

miradorme

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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?

Maybe if bitcoin will be paying tax. Because one reason why government do not accept bitcoin is that if they will accept it there will be no more tax if all people use it.

d.belyh

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Actually btc holders do not directly fear of governments. They rather fear that others will fear after some official statements and sell their coins.

Ethan Argu

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Activity: 340

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Some people fear because goverment will put a tax on them big tax small earn. Corrupt people in goverment will taking advantage on it. They will use in thier own lives and they did'nt want to help thier people thats my opinion so some people fear on the goverment because you earn.Money and it will go to corrupt officials so what will happen? They will take an advantage for those people who has simple life is to focus on earning.

shakil77

newbie

Activity: 30

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already governments banned bitcoin in many counties.If they work on that they will be arrested that's why users have fear of governments.....

Jamjamz30

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I think they see that like that because the government and Bitcoin is like polar opposites. They differ in key aspects that make them not suitable for each other. The government needs control over something and regulate it for the greater good of the people they govern over, meanwhile Bitcoin is a free currency which benefits from its free use being decentralized. These aspects make them contradict each other especially that the government cannot fully monitor Bitcoin. Maybe someday in the future when the government is also at its peak in technology, Bitcoin can be recognized by the government.

Ridwan Fauzi

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Merit: 147

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?

All this time, someone who hates government associated with bitcoin is that they want to defend bitcoin users who are in a country that has banned bitcoin, as happened a while ago there was a country cracking down on bitcoin use. In addition, government regulation will also have a great impact on bitcoin prices, and so far most countries have banned bitcoin as a legal means of payment. Bitcoin users have been comfortable with decentralized systems, all the rules to make money cheap and costly are the effects of the users, no one is organizing.

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?

As users will want it to happen because it will have a good effect on the cryptocurrency market, but the problem is that the government will stick to the establishment of those who have banned bitcoin in their country.

tanjiran

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Quote from: nightxglow on May 26, 2018, 12:09:58 AM

Yes there are many people here in cryptocurrency that fear the government because the government has the power to make regulation, and want or don't want, we need to obey that.
If they want to make bitcoin illegal in your country, they can, and you won't be able to access bitcoin anymore. And many governments already though bitcoin is a threat, and it's what make people afraid that the government may ban bitcoin, and make a lot of people here lost their investment.

You are right, the government holds the ultimate power. If the government declares that bitcoin is illegal, then we can do nothing. But the government also can not turn a blind eye to the fact that bitcoin has many advantages and is a phenomenal and profitable cultural advancement. That is why most governments only prohibit the use of bitcoin for certain things, for example in my country bitcoin should not be used as a means of payment but is allowed as an asset.

Wahyud11

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is not the user afraid of the rules set by the government, the government could have given sanction if only in the country he is banned the existence of bitcoin

L1looker

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The main reason for people to fear using bitcoin when we talk about government is the word support. Most country does not have enough support of the government for them to inform them the essential uses of bitcoin when it comes to investments, transactions or even in trading.

bizarro

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I personally dont fear them, but I am suspicious that oneday they would place their taxes on me anyway!

Ram krish

newbie

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many people are getting afraid of government, because government can make any decision, it might be favor or nonfavor to the bitcoin users. Some government has banned bitcoin, so that country people are getting afraid we might loose our bitcoin. Tax problem also a big problem. Some government think bitcoin is thread.

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