Bitcoin Forum

Why are all governments pro AI and are so against cryptocurrency? AI has been often conisdered as a threat to humanity but governments use it extensively but blockchain is the best thing that is ever happened to us humans and why do governments hate it so much? They are okay with driverless cars moving around streets but are not okay with currency that will make us more independent? Why this bias?

It is not a surprise when government try to discourage cryptocurrency. It is not far from the affinity government has with fiat currency. We should realise that government own some banks, also they easily embazzle it for selfish purpose. So, left for government, cryptocurrency wouldn't exist.

Crypto's and blockchain technology are two separated things.

Government aren't willing to adopt it but we saw recently some countries are using it to boost their economy by adopting it and supporting their citizens to use it.

To those that aren't willing, they only see the dark side of crypto's by being used for illegal trades but they never looked at the side that fiat money is also being used that way.

While blockchain, this is a great piece of technology, most of them lack of understanding about it so that will take time for them to adopt it and that's why they are still in doubt with it.

Yes, That is true.

Not all governments, some accept to tax it like the German government and others open to use it as the government of Japan.

Because it is not the beneficiary of blockchain/crypto in general and the acceptance of cryptocurrencies is a threat to central banks which are the basis of the current governments.
Also, in the past, there has been a significant link between cryptos and dark activities.

Because it makes us more independent :D

Yeah, But why not encourage people to reap the benefits of the technology

It's not every country that is doing this. Some countries are being procative on the issue and actually trying to regulate some of the services surrounding it and encouraging use of decentralized currencies on the blockchain. Of course, these are definitely rare.

I think that the main reason is that crypto takes direct control out of central banks/governments. And some countries don't want that to happen, obviously.

Other countries have strict capital controls, whether for good or bad, that basically restrict foreign currency exchanges and capital outflow from the country, bitcoin included. These countries obviously have vested interest to keep bitcoin out. The bans are definitely not very practical as bitcoin is decentralized anyways, though.

Because it comes with risks. It could be used to launder money, people could lose their life savings over them, they could undermine the country's national currency, etc.

I'm not saying those risks are necessarily enough to warrant a ban or something close to it, just that it does have downsides (though some governments tend to exaggerate these).

Not all governments are banning the crypto currencies,they are just insecured about the decentralized system because no one want their people to give full freedom while using the money because government needs money from people to run their government.But many governments are making the crypto currencies legal in the recent days.So they will understand it soon and will adopt to the new technology in the upcoming days.

we all know that Bitcoin is a virtual currency that is stored in digital form inside a wallet. Bitcoin storage. Bitcoin Wallets can be tablets, smartphones, computers and laptops that are all very vulnerable to viruses. And it will fall prey to theft by hackers, and this is the main reason the government has banned bitcoin.

No! Please, think about what you're saying. Blockchains are useless to most people.

Governments have all reasons to be afraid of cryptos since a large part of their power comes from money and currency control.

My government have their reason.

As we know bitcoin currently $ 6000 and as investment tool it's a great value because it's high enough to cause inflation on my country because my country getting weak against dollar from time to time !

Not all government would have the same insight when it comes to cryptos but as we can see most of them are on the negative side which do bans out crypto or just simply they dont accept or adopt it all due to such factor which do opposes them or in short cryptocurrencies cant really be controlled since its decentralized. Its not quite surprising for this thing and these had been discussed since the beginning of cryptocurrencies. Its nature or feature will always be a hindrance why government cant easily accept they may see this as a threat or any other means.

Little technical mistake in your statement! Governments are not against blockchain, they are trying to explore blockchain for better use. They are just afraid of cryptocurrency because they just don't want to adopt something which is not directly controlled by them, especially when it comes to money matters.

Governments know that they can't really control the cryptos so if they decide to adopt it, they won't have any administrative control over the circulation of it, resulting in unaccounted money accumulation in the hand of people. Money means power and governments are power hungry. You can do the math now!

It is because the cryptocurrency's technology is different from the technology we have on the machines which makes our life easier. Governments would definitely agree to those things that could help us in the future physically because its function is fixed until it last. Whilst crypto technology is more particular with the currency and cash flow that can affect technology, banks, and other indirect systems. Its future is also unknown so its not that surprise why the government is biased on other technology.

Government is made up of people whose mandate is to protect the citizens. The notion for most government is that bitcoin is a bubble, that it won't be the best way to invest and so they are cut inbetween because their citizens still invest in it.

Every states/country have their own thinking about cryptocurrency, so technically until now there is no one decision about this technology and this is why some Government are banning cryptocurrency for the sake of the safety of their constituents.

In my place, our government keeps on reminding us that we should invest carefully in this market, and don't join easily to any ponzy scheme investment.

Blockchain technology and cryptocurrency are two different things you know. Blockchain technology is the backbone of cryptocurrency and it can exist without cryptocurrency while cryptocurrency cannot exist without blockchain technology.

Government may welcome blockchain technology with open arms but due to the issues with cryptocurrency being anonymous and involved in illicit activities, some are just taking precaution and ban it in their country. It may be change sooner or later as we can see more countries accepting it.

Some government are really biased, they are banning it without legal study about it or any research on the technology of cryptocurrency. You are lucky enough if your government really support this thing, but if you are in a place that cryptoccurency is being pressured better not to panic and wait for the final decision of your government, maybe they are just not so sure about the risk if you invest in this market.

Its also true that with the use of cryptocurrencies the government will have no control over it. The government will always want to keep their citizen by the neck or they will fight back.

But since crypto has changed so much that they may never control it in any way. If you look at how it is since time, its gradually changing the world the few people who knew bitcoin are now much larger and use of btc are almost common. They will be force to consider the approving the use of crypto and perhaps countries will have their own blockchain as well or they'd be left behind.

The little knowledge they have the more they won't allow cryptocurrencies to be legalize, otherwise they will just banned it from all of the people but to those who understand it, they should act safely or else their government will try to stop them. I don't know what's wrong with the other government but i guess this is what were the politicians really do. When there's money involve they act too fast but when there's no money involve they acted too slow that almost a turtle can catch what they were doing.

Governments are making their move now to make a legal actions with cryptocurrency because they cannot control it but they can make a regulations about it. Some government are still thinking about the negative side of this market without realizing that their people starting to love this technology. In the future they will have no options anymore but to adopt a blockchain technology.

I don't see what you are currently experiencing and perhaps it is maybe because you are living in a country where the government is strict and is against cryptocurrencies. For example if you read news about Japan and Korea you will only see news related to their law enforcement when it comes to their regulated exchanges, you won't see news saying that they are against cryptocurrencies. Their only concern is people who are trying to take advantage of this cryptocurrencies such as money launderers and terrorist or any kind of criminal, their very nature of being an anonymous cryptocurrecy makes authorities approach the matter more seriously.

Just take a look at this news (https://www.finder.com.au/meet-australias-first-insured-high-security-cryptocurrency-vault) in Australia where they have a company who newly launch a cryptocurrency vault acting as a cold storage, obviously this won't even be possible without the Australian Government permitting them to do so. This in itself is evidence that not all governments are against cryptocurrency. You might be misunderstanding some information you are reading.

In this case, maybe we accept the reality that time to time all countries having regulation on the users of in this technology.
Governments always afraid of this technology for possible of making illegal activities or fraudulent activities which is strictly prohibited in every country.
We can't blame them because we all know scammers are everywhere and they targeted now those weak people who using bitcoin and that's scenario governments afraid of that and they protect people from these massive negative sides.

it is true that many governments have hated bitcoin currencies and that's all because the government is afraid of money laundering as well as terrorist financing through bitcoin, and I think that is the reason.

Some are just afraid that their people might use it to do crime on the digital world so hey blindly ban it, unlike other country that they put on study first before making a move.

I'm just thinking that it is now late for the government to ban cryptos. This is why they would just be looking at how to go on regulations. Blockchain has really been helpful even to the government in data analysis, elections, mobile cards transactions etc.

Governments are not interested in recognizing the Crypto-currency. For them, decentralized crypto currency is a very big problem because it does not belong to a specific state, it is not provided with anything, it is not supported by anyone, it has very high volatility that prevents its normal use as money and, moreover, has a value of hundreds or even thousands of times higher than their national money. In addition, the crypto currency can not actually be controlled. Money flows in the crypto currency can freely go beyond the state and the state can not do anything about it. Are these factors not enough that the state generally prohibits decentralized crypto currency? So it is very good that the state, though slowly, but recognize it as an asset, property, goods or something else.

There are two big groups of reasons – one group of reasons is officially stated by almost every aforementioned country: cryptocurrencies are banned because of security issues. The other group of reasons are usually not stated officially but is largely implied. It is directly associated with cryptocurrencies being decentralized: cryptocurrencies allow people to trade directly with each other (peer to peer), cutting out the need for a middleman, which traditionally is a bank.
The anonymous nature of cryptocurrencies means that it can be used for illegal transactions - such as buying and selling drugs or weaponry. According to central bank officials, cryptocurrencies can also be used for money laundering or terrorism. The case of NHS  shows that cryptocurrencies allow hackers to request ransom payments and stay anonymous.

The government does not need crypto currency, it only brings them various big problems. Therefore, governments are mainly against the crypto currency. Crypto currency is good only for ordinary people, to whom it gives financial freedom and independence from state bodies and the banking system. This is exactly what governments do not like. They perform various actions with respect to the crypto currency, depending on the level of civilization and the participation of people in government. If people influence their power, then there is a government loyal to the crypto currency. If the government exists by itself and does not consider the opinion of the people, then the government takes steps to restrict or even ban the decentralized crypto currency.

Some countries are being procative on the issue and actually trying to regulate some of the services surrounding it and encouraging use of decentralized currencies on the blockchain.Its not quite surprising for this thing and these had been discussed since the beginning of cryptocurrencies.

My government decide to against crypto because it can cause inflation because of it's high value and also it can be use for criminal attempt especially for corruptor.
I think every government have their own judgement toward crypto and those are mine

Not all governments are banning the crypto currencies,They just want to control the crypto to suit their country's situation. Each government has its own views on crypto, but I believe in the future blockchain technology will Widely used in life. Blockchain is a wonderful invention of the 21st century.

The thing is that the government is for new technologies and they actively support them, but it is independent of crypto currency and does not require permission from the state.

Some developed countries will not do the ban, because they do not see bitcoin from the negative side such as being used for money laundering, inflation, scams, etc. developed countries will certainly see the positive side and they can work together to get mutual benefits, like the US government that legalizes but gives taxes..

I think not all countries against cryptos, and Bitcoin as well. Some countries (the majority I guess) declared its usage illegal because of the risks they carry as they're volatile, and somehow it violates the Anti-Money Laundering Law and foremost, governments cannot control cryptocurrencies the way they control fiat currencies - and the way it should be transferred so as to track its movement, dictate who profits from that movement, collect taxes on it, and trace criminal activity.

Governments are afraid of what they can not control.

Of course governments hates what they can't control. Specially how big crypto is right now, just imagine millions of dollars going in and out of a country with the government helpless against it. That's why they wanted regulations, AML and KYC implementation and other steps to curb out anything related to crypto. China said that their decision to go hostile to crypto is effective, but I seriously doubt it. While Japan continue to step up and be the leader on crypto sphere. So we can't say whose winning right now. I guess this will be a ongoing saga for Governments to either adopt or reject crypto.

I think, the first possibility, they, the government thinks cryptocurrency will make them not get anything, in other words, they think that crypto will be used by the community to avoid taxes. The second possibility, I think the government, which prefers to ban crypto, is because they do not have a legal framework related crypto regulation, because in fact, today, many countries have received and made crypto legal.

Crypto is new things but it's really attract people's attention as we can see bitcoin and other altcoin reach high value in less than 5 years.
The government become more frightened into something that still not legalize yet so crypto become the first priority.
But every government have their own policy against crypto because some country already legalize crypto,right ?

That is why we need to wait a little bit more till goverments will find out what crypto exactly is, than it will be just matter of time when first, hopefully possitive moves will be made.

I think because they are powerless in crypto.

Actually not all government are against Cryptos because the truth is only few countries are against Crypto existence and most of them are belong to 3rd world or small countries that cannot influence the other to do the same too. Almost most of the powerful nations are supporting Crypto existence therefore we should ignore these few countries because they are really blind to see the true benefits that they could get if they will just support this investments.

For me it is not that every goverment is thinking about banning crypto, they just haven't got enough knowledge to move their law/ regulations to any other way that this is now, for me it will take some more time to see any changes in this point.

First, a completely decentralized network is difficult to link to the legislation of any particular state. Secondly, the philosophy of the crypto currency provides for not just deregulation - it involves the rejection of the law in general, the replacement of legal means in the relations between people by technology.

Crypto that using blockchain as a digital network, where every single transaction called a block is securely linked together makes transactions verifiable, available to everyone and is more immune to hacking than centralized banks. This makes central authority totally unnecessary for transactions. This is what motivates them to ban cryptocurrencies.

Cryptocurrencies are self-governed, meaning they are not controlled by any government, person or a central authority. This makes crypto considered a threat to government authorities.

I think that's why the government biased towards banning cryptos!

What is Al? And why do you tell 'all countries'? As I know position of every country is different to bitcoin and crypto in general. From total unwelcome as in Bangladesh and Petro currency in Venezuela. You just can't asum all countries together and in fact there are much more countries which still didn't choose a concrete strategy about crypto.

If you do not like someone, you will talk about him in a negative way, unless you are hypocritical and love to fake it. That is the same for the government who opposes cryptocurrency in general. They hate it because it is a threat to its economy system. That is why they are against it and would do anything to bring it down. They just want to oppress you and make you obey them. It is not only about cryptocurrency, but everything in our daily lives. They want to manipulate you and control you to whatever they like. And if you oppose them, they will try to bring you down at any cost.

They want everything to be as they want, but it will not work with bitcoin.

Well you have already answered you question when asking it. Who siad that goverments want all the best for us? They want to know everything about you and cryptocurrencies are making it harder for them to achieve this knowledge.

Crypto could be the threat to the country's economic and the government doesn't like anything that they cant supervised, and the situation got worse when people do money laundering and tax evasion using crypto, every single crypto benefit doesn't really give benefit to the country, it only give benefit to the person, so no wonder the government doesn't want to adopted crypto, but blockchain is different one day there will be a lot of sectors adopting it, now the government still do research to implement blockchain

strong reasons that might be a reference, the government does not want to lose control of their currency turnover if the government approves the cryptocurrency

because the bitcoin currency system is very confidential and very safe, and until now there are still many countries that still prohibit it, and the big banks will losing their money tree because one of the convenience in bitcoin transfer system between countries does not need a bank, does not require a complicated process and it can be ascertained that market participants will be facilitated, will impact on large banks they will lose a lot of income.

Here in India, a lot of people purchased Bitcoin when the high denomination banknotes were demonetized on November 2016. Government authorities noticed this and ever since that incident they are adopting a very hostile stance towards Bitcoin and other cryptocurrencies.

Depends on the country that you're talking about.

It's definitely a generalisation to say that every single country globally is anti-crypto, while every single country is pro-AI. Simply does not work like that. Some countries hold neutral positions in regards to crypto policy, others may be anti-crypto. There is a spread of national interest in crypto across the world, on an individual level.

For countries who do have harsh crypto laws, I think that there are three main reasons. One is that it takes direct control out of their hands when it comes to monetary policy. Secondly, there is a fear of tax evasion using crypto. Thirdly, there may be irrational fears of crypto being used as a currency to facilitate illegal transactions. But honestly, these concerns have all been debunked before, and I believe that for their own good, countries should at least encourage crypto businesses and regulate these businesses, instead of just flat out trying to ban it.

Because so far it is not beneficial to the state. If the crypto currency is legalized, it will be easier to fight corruption and prevent theft from the state budget.

bitcoin has an unstable value and does not include legal tender. Bitcoin is not an asset that can produce great value. Prices that cannot be predicted can create bubbles or bubbles in the economic system.

Governments are not so worried about their citizens that, because of the danger of viruses and hackers, they prohibit the circulation of crypto currency. The government can not control cash flows in the decentralized crypto currency. This is the main reason why they do not want to recognize it as legitimate. There are other reasons: the decentralized crypto currency does not belong to any state, no one for its circulation responds, it is not provided with anything and therefore has high volatility. This circumstance is a very big obstacle for the introduction of crypto currency into business. Probably, not the least role is played by the high cost of crypto currency, in particular, bitcoin.

The are so may reasons for Government actions against crypto currency. Most of the nations government are very greedy and therefore do not want ordinary people to get rich since they can not regulate or restricts it. Government have no power to appoint who would head the influx or transaction of crypto currency and most case they they appoint their own person in the term of hings like that.

one reason why the government banned bitcoin because it is unclear which admin is responsible for bitcoin, is very risky and full of speculation because there is no responsible authority and there is no official administrator. and another reason why the government prohibits the existence of legislation governing the country, especially in Indonesia, is regulated in Law No. 7 of 2011 concerning Currency which states that currency is money issued by the Republic of Indonesia and every transaction that has the purpose of payment, or other obligations that must be met with money, or other financial transactions carried out in the territory of the Republic of Indonesia use Rupiah.

http://marketeers.com/pemerintah-larang-pengunakan-mata-uang-virtual/

Government bans on the use of bitcoin do not merely prohibit certain reasons why they prohibit the use of bitcoin, the article I read which is the reason for one of the laws that regulate legal payment in a country has been stated in the law laws or government regulations.

Maybe, because they don't want us to be independent?

If we are truly independent, we may start questioning the necessity of the government itself, whether we really need it and all these chairwarmers. Bitcoin is not all, and it doesn't give us true independence, but having financial leverage (which is what fiat money gives the government) is a big deal by any measure. It should be obvious that governments don't want to lose this power as it means losing control over the public (at least some part of it), and losing control means losing ability to profit from things like fiat devaluation (basically, free lunch for the government). In simple terms, they want simple people to depend on them, which makes them relevant. Bitcoin makes them irrelevant

I don't think that is the reason why, if they do that they would be doing themselves a favor simply because they are cutting an avenue where people can get rich and if their people would be rich they could simply collect more taxes from them. If they are really greedy then they wouldn't hurt themselves by prohibiting cryptocurrency in their country it is just simply a dumb move for them to make. Another thing to consider is that other countries just like Japan and Korea have seen an opportunity in the cryptocurrency market to boost their economy which is totally different from your point of view.

The distinguishing factor here is control. When you can still establish the control, over something, you practically own it and that is what AI is all about. Despite the continue development of AI, its still subject to human control and the moment the threat the human existence is being established as a result of that, government and the people I believe would not hesitate to shut it down. We have seen several medical research and development in the area of drugs, mutation, cloning etc including technical research turned down because it goes against human dignity.
 
The same thing cannot be said of bitcoin and why government is against it is so obvious to everyone as the reason why which is because of control that they are unable to establish. The moment there is a breakthrough in that area, all of the attack will stop and focus would be on how far they want to go in exercising their new found power. So, in essence, its not about biasness but about invested interest that needs to be protected.

Because the government knows they will not be able to fully control the cryptocurrency so what they do is try to hold and stop the
development of crypto by prohibiting/bann it, but we know that it will never be able to stop the development of crypto

Should read this article: http://endthesystem.com/the-importance-of-crypto/

If you understand how central banking works, and their influence these bankers have over governments, it'll be clear why they're against crypto.

That article really goes deep. It can be an eye opener. Highly recommend reading it.

one of the best to protect the economy of its citizens is by banning bitcoin as a medium of exchange, because the price of bitcoin is very unstable, this can have an adverse effect on the trade balance, because prices are very fast changing, it can be ascertained that business people who use it can be unstable, and may potentially weaken the local currency against world currencies.

Blockchain technology makes the government unable to do much to control and regulate its citizens. If you think the government is good, they actually always think about how the country can look good without the welfare of its citizens. Therefore they create high taxes as a source of income. Blockchain technology is decentralized, meaning that no party can regulate or even interfere

Crypto currency is an asset which will defy product that government handles,   one of the platform that bitcoins wants to achieve is a cashless free society and tax free (i don't know if it is the right term). AI can be controlled by the developer itself,  he can reprogram it everytime he wants, in other words government can control it, but, crypto?  They will sweat a lot trying to trace real owners in real world. 

Well, it is because they won't have many benefits from it perhaps, or they're afraid they cannot control the currency, I don't know exactly, it's just my opinion about the issue.

It's not surprised if the government doesn't take it seriously. Government concerned on something that they can 'control' by their ways. They only afraid if crypto can't be controlled as they wish, I guess so.

crypto has its advantages and disadvantages as well as positive impacts and negative impacts for every user, because that is why some governments prohibit crypto from circulating in their countries such as crypto market volume, fraud due to the many characteristics of anonymity. For some people who understand the movement of Bitcoin, it can be a profitable investment. But for those who do not understand it could be followed up and entrust the money to buy Bitcoin through any place so that fraud can occur.

because there are three biases that affect the profit limit and create opportunities to fall, someone's ding and it is very dangerous, one trader who always wants to profit even though it has fallen for the third time, second, limits profits and creates opportunities for loss, usually they buy losses and keep it from making a profit but the situation actually says another is not the existing profit but the loss is more and more, the third always thinks it's always right this is very dangerous example always thinks the price of gold will always rise, even though this assumption is not always true but sometimes the price can go down depending on circumstances.

The government forbids bitcoin, but does not prohibit block chain. :)

For government stupidity in some countries unable to growing cryptocurrencies business. But governments never control it.
Government sentiments, he thinks it will negative strongly to the economy of the country. When government mentality will changed about Bitcoins.