Will Governments let Bitcoins and Crypto World survive?

lionheart89

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Quote from: nizamcc on January 28, 2018, 12:08:43 PM

My question is, are these Governments even going to let Bitcoins and crypto survive?
They are cracking down on it by saying that it is illegal to trade things such as Bitcoins as it is a support to terrorism and money-laundering.
They are not understanding why it was created, but are coming up with baseless assumptions and even hurting people who are paying taxes too to these money-hungry people.
We are currently in the jeopardy of getting cryptocurrencies banned everywhere as if more and more countries join the list, the countries which are supporting it may also choose the same alternative.

the government banned bitcoin for fear of unstable state finances but the government also seems to want to jump on cryptocurrency seen from the discourse in some countries want to issue a valid virtual currency.

fatema

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I think the government will allow both of them to survive. In my opinion, they will benefit from them and think of them as intelligent work. Bitcoin and Crypto have established relationships with target users throughout the country. Both Bitcoin and crypto will promote economic development of the country. People are self-reliant. So, thinking about the people of the country and the country will save them.

andrei214

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Quote from: nizamcc on January 28, 2018, 12:08:43 PM

My question is, are these Governments even going to let Bitcoins and crypto survive?
They are cracking down on it by saying that it is illegal to trade things such as Bitcoins as it is a support to terrorism and money-laundering.
They are not understanding why it was created, but are coming up with baseless assumptions and even hurting people who are paying taxes too to these money-hungry people.
We are currently in the jeopardy of getting cryptocurrencies banned everywhere as if more and more countries join the list, the countries which are supporting it may also choose the same alternative.

There were many countries who accept bitcoin but there were also many countries who totally banned bitcoins and cryptocurrencies.That were the hardest part of having bitcoin because you still dont know if one day you will just know that bitcoins or cryptocurrencies are already banned in your country.So as possible cryptocurrencies and bitcoins must do something that could actually persuade countries to accept and support cryptocurrencies and bitcoins.

globalking

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POINTPAY

I don't think so they will do this but the beauty of cryptocurrency is it will survive on its own that's the reason there are afraid of the crypto world.

semarmesem195

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Quote from: nizamcc on January 28, 2018, 12:08:43 PM

My question is, are these Governments even going to let Bitcoins and crypto survive?
They are cracking down on it by saying that it is illegal to trade things such as Bitcoins as it is a support to terrorism and money-laundering.
They are not understanding why it was created, but are coming up with baseless assumptions and even hurting people who are paying taxes too to these money-hungry people.
We are currently in the jeopardy of getting cryptocurrencies banned everywhere as if more and more countries join the list, the countries which are supporting it may also choose the same alternative.

Maybe, if the government sees the advancement of crypto having good impacts on society i believe they will support bitcoin (if its government is not greedy). But i hate the government of my country, they still have not legalized bitcoin and they are asking big taxes especially for motor vehicles. They are very selfish, not to mention the news of corruption is endless. I think the government considers illegal bitcoin/crypto because the government is afraid they can't corrupt, because the payment system using bitcoin is fast and reliable and without any third person intermediaries.

Flor1982

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Quote from: nizamcc on January 28, 2018, 12:08:43 PM

My question is, are these Governments even going to let Bitcoins and crypto survive?
They are cracking down on it by saying that it is illegal to trade things such as Bitcoins as it is a support to terrorism and money-laundering.
They are not understanding why it was created, but are coming up with baseless assumptions and even hurting people who are paying taxes too to these money-hungry people.
We are currently in the jeopardy of getting cryptocurrencies banned everywhere as if more and more countries join the list, the countries which are supporting it may also choose the same alternative.

I think only few countries are banning the digital currencies. As what i have recently read China and South Korea did not ban the coins but they will just to keep ICO to be restricted in their activities because some are questionable. India did not ban also but it just refused to acknowledge Bitcoin. I suggest you balance the bad news and the good news that you have learned to lessen your worrying too much and replace it with joy now that we are recovering.

QuestionAuthority

legendary

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You lead and I'll watch you walk away.

Quote from: nizamcc on January 28, 2018, 12:08:43 PM

My question is, are these Governments even going to let Bitcoins and crypto survive?
They are cracking down on it by saying that it is illegal to trade things such as Bitcoins as it is a support to terrorism and money-laundering.
They are not understanding why it was created, but are coming up with baseless assumptions and even hurting people who are paying taxes too to these money-hungry people.
We are currently in the jeopardy of getting cryptocurrencies banned everywhere as if more and more countries join the list, the countries which are supporting it may also choose the same alternative.

Governments that exist by oppressing their people (like the United States and China) will have more restrictive laws than countries that are free. That’s just the way it is.

Aryadwipanggah

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Merit: 13

The crypto world with its bitcoin will not stop it including the government, although in the beginning of last year many countries claimed to banned bitcoin but in fact until now the world of crypto and bitcoin has survived, which by the end of the country clarified the regulation of bitcoin usage. I think bitcoin will not last if bitcoin is no longer accepted as a payment medium in various countries as well as in its cap the bitcoin market.

VampKing

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Many countries have already accepted Bitcoin and other cryptocurrencies. Actually the govt. who are not accepting aren't getting it's concept. As you earn more, you spend more and the country is benefited. Maybe after 5/10 years the whole world will accept Crypto as a part of their life.By that time all the govt. will understand the importance of crypto and will approve all over the world.

CNY dasd

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Quote from: qwesasd on February 05, 2018, 02:46:02 AM

It is not yet known whether or not the national government will prohibit bitcoin because each country has a different national situation and may forbid bitcoin because of one particular feature of bitcoin, which is different from country to bitcoin policy, but bitcoin needs the approval of the national government, the only way it will not be suppressed and can not be developed.

Yes, different countries will have different opinions on bitcoin, and cryptocurrencies need to be either banned or not allowed to develop between the two, not necessarily the government's position. We only need time to develop , More progress.

trickyriky

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Quote from: nizamcc on January 28, 2018, 12:08:43 PM

My question is, are these Governments even going to let Bitcoins and crypto survive?
They are cracking down on it by saying that it is illegal to trade things such as Bitcoins as it is a support to terrorism and money-laundering.
They are not understanding why it was created, but are coming up with baseless assumptions and even hurting people who are paying taxes too to these money-hungry people.
We are currently in the jeopardy of getting cryptocurrencies banned everywhere as if more and more countries join the list, the countries which are supporting it may also choose the same alternative.

I think yes, they will let it survive. Moreover, many countries have already shown their great interest in developing blockchain technologies. Russia, for instance is going to build legal mining farms and to create their crypto.

Nunoluck

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What they want to do? Destroy all bitcoin mining farm? It will be hard but still possible if all countries is agreed. If japan still support bitcoin then other countries can't do anything. People in country which ban bitcoin still can use bitcoin by using various vpn. Even not many people who know about bitcoin before but bitcoin still fine.

KesoNie

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Quote from: qwesasd on February 05, 2018, 02:46:02 AM

It is not yet known whether or not the national government will prohibit bitcoin because each country has a different national situation and may forbid bitcoin because of one particular feature of bitcoin, which is different from country to bitcoin policy, but bitcoin needs the approval of the national government, the only way it will not be suppressed and can not be developed.

We can't tell what will happen tomorrow or the next day, because as what we have known right now bitcoin is somewhat ban in some countries and there's also some countries who accept it as legal matters. Different countries, different policy and laws so we can't tell, but hopefully may they allow bitcoin and cryptocurrency survive.

qwesasd

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It is not yet known whether or not the national government will prohibit bitcoin because each country has a different national situation and may forbid bitcoin because of one particular feature of bitcoin, which is different from country to bitcoin policy, but bitcoin needs the approval of the national government, the only way it will not be suppressed and can not be developed.

antchains

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I think this is just the means by which they want to manipulate the cryptocurrencies, because as long as the price drops, they can control the market by buying more bitcoin, and by that time Bitcoin will only become a cryptocurrency for governments.

elizavetausova0112

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No one knows this answer. Maybe think about it. It's like grud in the handle. Black or red? only 1 of the options will win in the future!

illnino

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Quote from: nizamcc on January 28, 2018, 12:08:43 PM

My question is, are these Governments even going to let Bitcoins and crypto survive?
They are cracking down on it by saying that it is illegal to trade things such as Bitcoins as it is a support to terrorism and money-laundering.
They are not understanding why it was created, but are coming up with baseless assumptions and even hurting people who are paying taxes too to these money-hungry people.
We are currently in the jeopardy of getting cryptocurrencies banned everywhere as if more and more countries join the list, the countries which are supporting it may also choose the same alternative.

They have to do it and admit that Bitcoin is not a threat. Somebody is talking about the connection of BTC and terrorism, drugs and weapon. It is not true. Why do they forget about dollars that are paid for all this stuff in 99%? Too many people support Bitcoin and governments cannot go against millions.

kitkat04

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The government can do nothing about the bitcoin if all the users around the world speaks and show their support for the bitcoin. Most of the country around the world are democracy type of country. Bitcoin will noy be shaken even the government ban it around the world. There will be a new currency like the bitcoin will exist if the bitcoin will be ban by the government. They will also face the feelings and emotions of all bitcoin user around the world.

Ailsa567

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It turns out there is because some countries now accept bitcoin.

care2yak

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Quote from: nizamcc on January 29, 2018, 01:59:29 PM

Quote from: Herbert2020 on January 29, 2018, 01:48:40 AM

"let" is a big word specially when you are talking about a decentralized network. it is like asking will they "let" the torrent network, the Tor network, .... and other peer to peer networks survive!

First of all, torrent is not used to make transactions or circulate values.
You must not forget the situations with kat.cr (kat.ph).

Quote

you see, when it comes to decentralization, nobody has a say in what the peers on that network should or shouldn't do. of course fighting crimes and illegal activities is a must, and by preventing things like bitcoin you don't fight crimes you just made yourself look like a fool.

Nothing's decentralized anymore as everything is coming under regulations or straight bans. If you will use, why are you into Bitcoins? Ask yourself.
You are buying or selling it just because you are interested in exchanging values and making profits (growing your capital). But, once you convert your Bitcoins to fiat, you convert your decentralized world to centralized, don't you?

hmmmm.... this had me thinking. since the internet can't be shut down as that would result in pandemonium, then in the event that they decide to declare a ban, could they do what they did to torrent sites on crypto? the government was able to pull the plug on torrent sites like tpb or kat.cr but would the same be possible with digital assets? i'm still positive that whether the government likes it or not, digital assets will still survive and thrive. i think that it's not something that the government can control...

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