Bitcoin Forum

Can we think that Bitcoin can help governments that are in a boycott?
My point is negative, since Bitcoin is severely compromised by the other side to deal with these governments.
The main problem for these governments is finding traders, not a way to pay.
What do you think of this?
sorry
(I think I made a point in the wrong place)

Don't post the same topic in the forum on different sections, you may lock the other thread you created on Politics & Society. (https://bitcointalk.org/index.php?topic=5109290.msg49714388#msg49714388)

I think it would be better if bitcoin is still the same as this. if the government enters the bitcoin system, surely the situation will be difficult and turbid, believe me.

How? we must accept the fact that even though bitcoin is legal, there is no significant impact. its function remains as an online payment tool, and now the method already exists like paypal or other platforms. I think there are still a lot of considerations for this problem, for example, placing bitcoin as an investment asset officially traded on the stock market.

It is a risky situation and a bit sticky. Governments getting into bitcoin for their own agenda could further the price of bitcoin and that is fine but could turn bitcoins ideology around from something good to something bad as well.

Think about it just couple years ago there was a lot of media coverage about how bitcoin was used to buy and sell drugs and you could even pay people to kill someone with bitcoin without getting tracked, that was the talk about bitcoin yet today when bitcoin is talked its talked like gold or silver just as an investment topic.

We have barely managed to change the idea of bitcoin from something bad to something good, do we really need governments to intervene and start using it for their own agenda now? That would change the look of bitcoin a lot.

I am a little unsure that the government controls more Bitcoin as a whole, is that good? I am not sure about that, because if you have entered the government there will be regulators who can endanger users to benefit from it, everything returns to their users how they use it correctly and do not break any rules, I am more comfortable using it because it is not currently having ties to the government further, to always be on the same path as when it was made.

You will have to lock the first thread, and back to your question despite the fact that your point was hard to understand, bitcoin as a decentralized currency can not be control by any individual or institution and at that the government which is the central authority is always against that freedom of decentralization and that is why there is always constant war against bitcoin.

This is basically a double-edged sword. Some people might like it since the values will surely rise helping them earn more profits in the long run. On the other hand, some people would hate seeing their privacy getting compromised in this manner.

Basically, it would come down to money vs privacy at the end of the day and you would need to choose a side. Tough decision!

Mind blowing, imagine government banning bitcoin but getting involved to it for their own agenda since it is decentralized and untraceable. Had never thought of that.  :o . This could possibly increase the market value of bitcoin, but at the same time not a good scenario to imagine.

Sure it can.
Anonymity works for users and institutions as well.
The most notable point is that the boycot policies to be overpassed. In simple words, let's take the example of Isreal which is boycotted by (almost) all the arabic countries (+some others in South America); Isreal desrerves the boycot as a punishement policy against what she is doing in Palestine. Infortunetly, Isreal is a major player in the crypto industry and can easly evade the boycot by just using crypto, which supports its insolence.

Seriously? Look at the OP last online, it was a month ago and you bumped this thread to ask him to lock the thread? You should not even bump this thread imho since the main person who started the discussion is not even active anymore.

Bitcoin is unlikely to help them! But they will help the technology that lies in bitcoin and other altcoins. Already many countries have made their coin and are quietly trading their resources, the example of El Petro. With the development of technology will not be able to put pressure on the economy sanctions.
Countries that are boycotting are looking for solutions in the crypto currency, thereby working directly with businessmen without fear of putting them under sanctions.