Bitcoin Forum

Governments frequently misunderstand bitcoin innovation.
This impression arises from the disproportionate bans and regulations they enact.
Although occasionally the bitcoin regulations appear unreasonable, I posit that bitcoin is not as detrimental as suggested. Please correct me if I am wrong.

Bitcoin hasn't harmed the government, but the innovation that is in bitcoin makes most governments afraid. Governments are afraid because they can't control bitcoin, of course that has made some of them ban it. But I am grateful that my country's government has not banned bitcoin completely, I mean bitcoin can be traded even though it is not allowed to use it as legal tender.

The policies taken by the government towards bitcoin are sometimes detrimental. Governments tend to say something negative about bitcoin, but they're basically just lying and pretending not to know. Bitcoin is just like any other currency, it can be misused for whatever reason. But that's not a good reason to ban a currency.

How it can be unreasonable if the government that has banned it as their own reasons? Whether we want to be against those governments that has banned bitcoin, there is nothing we can do with that.

The only thing is to wait for them to change and alter their decision into making it useful on their end. That's the start of it, they don't see the use and benefit of it and that's the reason why they're having regulations and worst, goes into a ban.

We think that they're wrong in all forms because we're pro and investors of bitcoin. But looking at their perspective, they think that they're right and we're wrong.

I do not think they misunderstand Bitcoin at all.  Pretty much the other way.  The regular people misunderstand Bitcoin while the parasites are effectively attacking it often times, because it is very much threatening their comfort of playing recklessly with the financial system.

People keep claiming that governments try to ban bitcoin, but when I look at the big governments and my own, I do not see any ban. Is it banned in the USA? No, is it banned in UK? No, which EU nation bans it? None I know, all big ones accept it. Turkey accepts it as well, we see billboards of exchanges everywhere, there is a huge one with millions of members. So we can say that there aren't that many nations that bans it. Yes its known that China dislikes mining and a bit of bitcoin, but not crypto in general and that's why I could easily say that its not going to be that much of a trouble. I think its safe to say that governments are ok with crypto in general.

Because smart chairmen know that they must incorporate to stay relevant with new technologies.  But that does not mean they are supporting it.  If you look closely, you will see they are trying to surveil everyone as much as possible.  They dislike anonymity because they cannot control the absense of coin history, and that is why they fund millions for the operation of chain analysis, even if it is ineffective guesswork.

Government doesnt really like on things which are;

1. Decentralized
2. Anonymous
3. Cannot be taxed directly

Or something that do talks about not be able to control or trace everything on which people or to those who do engage would definitely be making use
of those key points above for them to be able to get outside of governments eyes on which it would really be that understandable on why government do always have that kind of bad look
towards it. Its never been new but just let them be.

The market could move and continue without their approval or would really be relying on them.As long there are people or community would really be supporting
and would really be that making use then it cant easily die and would long time be existing.

Bitcoin is accepted in many countries - but that doesn't mean it has the legal status of being used as a means of payment in every country. This statement can of course be refuted when legalities between countries are adjusted or changed from time to time. I agree that not many countries ban bitcoin - but still many countries don't let you use it as a means of payment or currency.


There are interesting references regarding the legal status of bitcoin in various countries; find it here: Legality of cryptocurrency by country or territory (https://en.wikipedia.org/wiki/Legality_of_cryptocurrency_by_country_or_territory)

What governments love most is control.

-You cannot own what you cannot control.
-You cannot know the limits of something you cannot control.
-You don't want to be part of something you can't control.

There is something else,
-Why should they allow something they can't control when they are in control? (Partially controllable.)

I think governments will always have a limited view of Bitcoin because of these things. I hope one day their understanding can change.

Governments fully understand Bitcoin and how it works, for this specific reason they try to limit the usage of Bitcoin in their country or they try to frustrate people from using it by imposing heavy tasks on trades and mining activities.

Government's cannot control Bitcoin, they cannot regulate it or restrict any transaction, they will obviously be against such an asset thriving and giving people more alternatives to fiat.

What I know and think is the reason why the government still disagrees with bitcoin is that they cannot control our funds anymore once it becomes legal tender. Once it becomes legal tender, our money will be in our custody. We all know that if bitcoin becomes legal tender today, most of us will like to use it as a means of transaction because of the freedom it has. However, the government disagrees with bitcoin because they know that if they agree that we should use it, we are not going to put money into the banks again, and you can see how decentralised it is, so from there they will not get some revenue that banks usually generate for them.

However, in my country, our government didn’t ban bitcoin, but rather, we can use it, but nothing concerns them if anything happens to our funds, and they can’t make it legal tender, so in my country, anyone who wishes to use it can go ahead.



Yes, mate, you know when you like something, you don't believe anything anyone says about it because all you want is that thing, and you want it done.
However, normally, that is how things go in some cases. Some citizens will prefer to use something, while the government will disagree with such decisions made by their citizens. So for bitcoin, you know, the only reason they don’t want to legalise it is because of how anonymous and decentralised it is. You can see that most of them don’t have any knowledge related to bitcoin, and if they legalise it, it will have no use for the citizens.

It's not that government doesn't know the importance of bitcoin, they only lauch attacks because they are afraid of allowing what will take financial power away from them, such that they won't be able to perform their secret enterprise, but the truth is that some individuals from these same governments will be wise enough to secretly admires and invest in bitcoin while joining in the attack on public because they don't want others to know about their secret, the conclusion now is that no matter how the attack may be, it will not be successful on a decentralized digital network of bitcoin, till government get tired, they won't achieve any attack aimed at bitcoin.

If you search over the forum you will get a lot of threads like this. The government always has issues with Bitcoin except in El Salvador IMO. Because the government has always been changing minds about Bitcoin even few of them allow Bitcoin. Sometimes we saw even the US became too strict. The main factor why the government doesn't like is decentralisation. They want control over the Bitcoin which is impossible anyway. They might control centralized wallets or exchange them to get tax. But won't control Bitcoin.

Well, we shouldn't be quick to judge the intentions of the government, as they are more concerned with money laundering and a host of other neferous criminal activities that can be perpetuated with the anonymity of the decentralized network.
El Salvador opened its arms to it, other countries may welcome the idea currently, but they only don't want to legally agree to its existence unless it is regulated, that is for those that even agree to its existence.

The government lacks the power to control Bitcoin and that is the main reason why there have been attacks from the government towards Bitcoin and since they are well aware of that what is left for them is to ban or place strict regulations that undermine Bitcoin usage and adoption, and since a lot of things are changing and the global Bitcoin awareness is getting to mainstream adoption a d we already have countries looking in a different direction with Bitcoin.


Countries like El Salvador have already had a different road map towards Bitcoin and a country that has legalized Bitcoin and also drafted regulations for Bitcoin usage within the country, and even though the government knows quite well that they can control Bitcoin and its usage within the territory most especially that bitcoins that are transact on the decentralized networks.

Naturally it is a forum about bitcoins, by my assumption  considering the interest that has brought people to this forum, I will say close to the total number of users are on the side of bitcoins.

Thanks for telling us what we know already.

Welcome to the forum.

The government will always look at the Bitcoin innovation and compare it to their existing regulation.  The government will never look at the Bitcoin features like an ordinary citizen because the government has some interest in protecting.  Even though Bitcoin is very good for individuals, the government may look at it as harmful to its system especially when the government wants to control everything.

So better not think of the government processing things a normal person does.  It is always complicated when the government decides on things due to the factors they have to consider.

The government does not misunderstand bitcoin innovation, The government deliberately frames it dishonestly with the narrative of money laundering, bad for the environment, blah blah blah...
But as Bitcoin becomes more popular, the government tries to keep it down by regulations.
Cryptography vs animal spirits.

We need to let things settle, adoption grow, and notice and learn from the behavior we don't expect.

The name government it self shows the actual  purpose of role as they want to totally govern the masses and that includes control all assets which bitcoin doesn't fall under thats why most government are against it because they see it as an edge the masses have over them and they have tried in all means to campaign against it but no matter how they try bitcoin is still the people currency and I believe over time they are also going to give in.

The government understands bitcoin more than you do. They have also known the potentials of bitcoin. They have known how fast bitcoin will grow if given free hands. They also know that their strongest weapon  (centralization) is threatened by the existence of bitcoin. This is the main reason the government does not give bitcoin free hands to operate since they are unable to control it.

If the government has not found a proven and a reliable way to monitor and tax everyone using bitcoin, they can not be at peace with bitcoin.

Governments often have issues with Bitcoin for a few key reasons. First, Bitcoin operates outside their control, which makes it harder for them to prevent things like illegal money activities and tax evasion. Also, because Bitcoin transactions don't reveal personal information, it can be tough for the police to track down criminals.

Governments are also worried that Bitcoin might compete with their own money, which could cause problems for their economy. Lastly, because the value of Bitcoin can go up and down a lot, it can be risky for regular people who might lose money. So, governments are thinking about ways to make rules for Bitcoin to protect their citizens and their financial systems.

Bitcoin is a threat to central control and the reason why the government's position on Bitcoin is not friendly is that they cannot control it. Bitcoin is truly decentralized, and hence it becomes difficult for the government to rule over it. This is why the government through the SEC has continuously been playing politics with regulatory clarity on cryptocurrency and putting laws and regulations that are not friendly with cryptos generally.

I'm referring to my country's government, my country's government is in the middle of not recognizing Bitcoin. We are secretly using Bitcoin without any pressure from our government. And Bitcoin is an international coin that is common in every country. I can't find any reason to reject this bitcoin, so if bitcoin rejects it will be one sided. It is best not to trade bitcoins directly in countries where bitcoins are illegal because they are not allowed by the paperwork.

https://youtu.be/2UFNpabZ4HU?si=cKJclnkT8ODJVG3h

The government is not just one or two people but maybe hundreds of people and it is impossible for everyone in the government of a country not to understand about Bitcoin.
Actually, if we are in a government position, surely we are also confused about how you can regulate and adapt Bitcoin so that it doesn't have a bad impact on its citizens and the country's economy.
Bitcoin really doesn't harm someone as long as that person uses it in the right way, but it is fraud in the name of Bitcoin that can often harm someone and if a country does not have or does not have clear regulations regarding Bitcoin then it is a threat to every citizen of that country.

I don't know which country you come from. What is certain is that in this condition it seems that you are indeed in an atmosphere that is a little disappointed with the government in your country.

Maybe the conditions are very different from those in my country where the government encourages its citizens to learn more about the digital world, including crypto and bitcoin.

And even the Governor of one of the provinces in my country has also spoken about his interest in creating a large bitcoin mining site in the province he now leads. Even the current president of my country also fully supports the innovation of young people in my country regarding crypto.

Currently crypto is considered a commodity in my country. And what I like about the government in my country is that they are moving quickly in providing crypto literacy to their citizens. Because they don't want their citizens to be scammed due to a lack of knowledge in this matter.

I discuss the government of my country where I live. Bitcoin is still illegal in our country, I don't know if it will ever be legalized. And if a government official hears someone is involved in Bitcoin, they are prosecuted and punished. The government thinks that if bitcoin is legalized, money will be smuggled out of the country, illegal weapons will be purchased with bitcoin and it will be damaged in various ways. For these reasons, the government in our country hates Bitcoin. But many people are involved with bitcoins in our country keeping the privacy.

Now many countries allow ownership of bitcoins. It is true, not all countries allow bitcoin as a currency for legal payments as these countries have their own legal fiat currency. But I don't think this is a serious problem because it is only a matter of time until the bitcoin community gets bigger and countries will legalize bitcoin as a legal payment currency.

Differences are always a phenomenon in every thought, so that there are those who agree and disagree with bitcoin, that's only natural. History has proven that bitcoin was banned in many countries, but until now the bitcoin community is still well developed so there is nothing to worry about bitcoin.

Government accept only what is beneficial for them and decentralized bitcoin is something not for Government. The peer to peer electronic cash transfer aka bitcoin is something not liked by Government at all since it will take financial control away from them.  There are not many countries where Decentralized Bitcoin is legal rather they have allowed bitcoin that is traded on centralized exchanges that Government can tax and control.

Each country has different opinions regarding BTC, some governments prohibit it and some don't, but in my opinion, currently many countries are starting to accept the presence of BTC, but there are also those that allow BTC to be used as a tool of payment and there are also those that don't. . but in my country the government allows people to invest in BTC, but the government prohibits people from using BTC as a means of payment.

I think bitcoin has now started to be accepted by many countries and you don't need to be confused.

Yes, but the only reason I am curious is why they don't have any valid reason for it. It is very common that some countries always misunderstand the innovation of Bitcoin, the good side of Bitcoin, and the good effect of it. We all know how Bitcoin can help in our daily lives.

They did not issue a direct ban, but in the past many countries have introduced very harsh regulations and it is no different from forcing us to stop using bitcoin. Just like India proposed a 30-50% tax on crypto investors, this is a terrible number and their aim is to gradually make us abandon crypto. Or recently, the Biden administration proposed a 30% tax on bitcoin mining, but thankfully Congress did not pass it. Or many governments propagate bitcoin as a risk that people should stay away from...All of that is no different than they are also trying to get rid of bitcoin and don't want us to have access to it.

With a high probability I can say that you are from Russia, if you have such a state of affairs. That's not even the point. I am extremely annoyed by the fact that it is impossible to fully use crypto projects as an alternative payment system, but pay taxes if you have it on your wallets. And how to understand all this? Just give me the money and that's it.
Maybe give them the keys to the safe, where the money is? Well, why go around and around?

I know why governments of different countries always accept Bitcoin negatively. The positive aspects of Bitcoin never come before the government systems of different countries. Most of the governments of the countries are far from accepting Bitcoin and they are always promoting Bitcoin negatively. There are enough reasons for such negative propaganda about Bitcoin as if people deposit their money through Bitcoin without depositing money in banks then they will not be able to control the money of their country and the amount of money that their people deposit in Bitcoin from their country is from their country. It will go out basically you can't control the money that's why the government of most of the countries are always negative about Bitcoin.

If the government and the central bank go against Bitcoin, then it is not possible to control Bitcoin in that country, so Bitcoin is forced to be banned. But there are some bitcoin friendly countries where bitcoin is seen as an aid to the economic growth of that country and legalizing bitcoin as well as giving ample opportunities in transactions with banks as done by the president of El Salvador Nayib Bukele.
However, there may be many reasons why governments of different countries have a negative attitude towards Bitcoin, among them money laundering and undocumented transactions. Moreover, there may be some economic reasons that the governments and central banks of those countries are deeply aware of and have a negative attitude towards Bitcoin.

 It should not surprise you that the government dislikes Bitcoin, Op. How can you begin to make sense of something you can't control? Nobody likes competition or sharing power,  especially not with something as new an algorithmic currency as Bitcoin. The bitter truth is that no matter how hard they are trying to ban, like in the case of China, citizens keep buying.
 I remember telling someone about Bitcoin and the question of government strongly kicking against it popped up. The best answer I could give was that the government is like a bully who knows how much potential BTC possesses and instead of allowing it thrive and flourish, they try to subdue it. But unfortunately, Bitcoin is here to stay and just like many innovations that has changed the world, you can only fight it for so long before you accept and embrace it.

Yes, we don't need to be surprised or complain when the government shows a dislike for bitcoin. But it's not right to say they don't understand bitcoin, they know even more about bitcoin than we do and they realize it's not right for them.

But I won't blame them, I believe that if we were in their position, we would do the same. It is only because we are people controlled and oppressed by the government that we need freedom and liberation. But if we are the government, we control others, then we will do the same as them. Do we want to share our money or profits with others? Certainly not, so it is understandable that the government would find a way to block bitcoin. But they almost failed to ban bitcoin and they will accept it soon, but I hope there won't be too much draconian regulation for us.

And that's quite logical because there are so many negative things that are very dangerous for the country if they legalize Bitcoin, like a crime network that can't be controlled if the government legalizes bitcoin, that's actually reasons that can be accepted but there are also some positive things that can't be defeat the negative so that it is never seen but the government should have the authority and rules to be able to remove the positive things and try to see the positive things if they legalize Bitcoin, that's a lot and even now the country of El Salvador has legalized Bitcoin because they can take advantage of the positive things and advantages of using Bitcoin.
But I see that for now, many state governments tend to do nothing, not prohibit and also not legalize, meaning that we can carry out any transaction without any protection and regulation from the state.

What government think about Bitcoin some years ago that made some ban Bitcoin from their country, and some rejected Bitcoin that it has no value for their citizens because of lack of orientation in the past that affected my governments. I think, those governments that rejected Bitcoin or banned Bitcoin before based on negative things they heard about Bitcoin later carry out their research to know what Bitcoin can do for a government that adopt it, and what it will eliminate from their economy when it come to stay in the land. Bitcoin will remain decentralized currency, which no government can control the price of Bitcoin, and it will pump when it's time to pump and it will dump when it's time to dump for investors to buy and hold for future purpose.

And you just stated two of the main reasons why governments do not like the idea of Bitcoin and why some countries even went out and actually banned it. Lack of control on the government's part is a big thing as they need to ensure that they have knowledge of the inside out of anything that exists under their nose or property, so essentially if their citizens are using it the government will do its best to have a hand on it to ensure that they will be the ones to govern it. Another one is the negative image Bitcoin has, thanks to the negative way the media has portrayed it and issues that keep on popping up regarding Bitcoin, governments do not (in any way) want to deliberately get their hands dirty, especially in the eyes of the public, so adopting something that has a negative image is a big no to them as it will also stain their own image. In conclusion, lack of control and negative image are two of the main reasons as to why governments are hesitant in accepting Bitcoin.

The blockchain technology poses a threat to government sovereignty in its role as the regulator of a nation. Bitcoin's decentralized nature, one of its defining features, leads some governments to perceive it as beyond their control, potentially carrying adverse consequences for their citizens, although this remains speculative.

Governments can still empower their own controlled currencies, allowing them the flexibility to implement various adjustments within their local currencies.

While we view Bitcoin as a viable alternative from a public perspective, the government's standpoint may differ. That's why some governments opt to restrict or prohibit Bitcoin.

Bitcoin's innovation in securing transactions, making them faster, and anonymous, is what worries governments, because they fear that their products, namely fiat and banking, will be abandoned by people and make Bitcoin adoption even higher. With more and more people using Bitcoin, it means that the government cannot track the transactions of its citizens and if fewer people use their product it will hurt their economy. That's why in several countries the adoption of Bitcoin is prohibited because it has the potential to disrupt the circulation of fiat and banking in their country.

IMO, repeatedly said that Bitcoin cannot be controlled by anyone but anyone can suggest anything to Bitcoin because the design that is designed is public and Bitcoin is an open source.
The government does not misunderstand Bitcoin innovations. In fact, most of them are very familiar with the Bitcoin system. Most of them decided not to use bitcoin because they could not control it.

The main issue lies there so that they, especially the government, who do not want their profit to be seized by the aging of the Bitcoin system issued rules that were considered to be able to limit people involved with bitcoin.

Does not cover everything, even most countries accept Bitcoin innovations even though they do not legalize them.

As well as disrupting the circulation of fiat, widespread use of bitcoin will make it difficult for governments to collect taxes from their citizens. It can be said that the popularity of bitcoin will cause many difficulties for the centralized system that the government has set up to control us.
The number of countries banning bitcoin is decreasing, which shows they have failed to stop bitcoin's growth. In my opinion, like it or not, they will soon accept bitcoin because people still use it regardless of the government's efforts to prevent it.

In my personal opinion, it is not that the government does not understand or has a wrong perception of the innovation in bitcoin. But more precisely, the government may just be wary of something new or foreign. Besides that, the government, I'm sure they know the potential of bitcoin. But the problem is, the government doesn't want to admit this.

Regarding restrictions or regulations made by the government. Maybe this is caused by the government's fear of bitcoin. So that's what may have led to regulations or restrictions being put in place for bitcoin and its investors.

This means that with the disproportionate government regulations regarding bitcoin, this can actually be a sign that bitcoin is indeed a very high-quality asset and does not deserve to be criticized or eradicated (banned).
Because as I said above, the government definitely knows and understands the potential of bitcoin. Because if they didn't understand the potential of bitcoin, I don't think they would bother making rules that corner bitcoin. However, because the government is aware of the potential of bitcoin, but does not want to recognize bitcoin and is afraid of its potential. So this rule was made.

If you cover this, bitcoin actually has disadvantages and advantages. But this is in the bitcoin investment room itself, which is certain all investors must agree with all the results that can be obtained in their investment or trading in bitcoin. So it can be concluded, for investors bitcoin can be very profitable, but it does not rule out the possibility that bitcoin can also be detrimental to investors.
But this is something normal. Because this is the realm of investment and trade.

But for the government or people who don't invest in bitcoin, bitcoin is absolutely not detrimental.

I don't believe that any government misunderstood bitcoin; in fact, I believe that most governments understand bitcoin and how it works better than you do. The problem is that governments can't control it. For example, in my country, there have been times when governments have issued regulations prohibiting further use of nvestment in bitcoin, even though they are aware that these regulations are unworkable. Governments want to find a way to profit from anything that becomes popular, and bitcoin is no exception.
and if you look among them, you'll see that they make investments as well as this type of guidelines. Bitcoin already runs the globe, and I have no doubt that it will do so in the future, no matter how hard they attempt to outlaw it.

Sometimes it's just an excuse for the government to expose its power, most of the FUDs that I've heard about Bitcoin are just a one-sided view from a personal point of view, money laundering, crime Crime, clean energy,... have never been convincing enough to say that bitcoin is harmful. Moreover, more and more people are admitting that the useful feature that people get when learning about and using bitcoin so it is bullshit with unverified information about bitcoin, but it is are still in the information data system, so recognizing and understanding them takes time. I think it won't be long before we see wider acceptance of bitcoin in the near future.

Bitcoin was banned in my country and later the ban was lifted but I don't trust them because while the ban was ongoing the government ordered all banks to block every bank accounts that have once traded with crypto and Bitcoin one way or the other, later many Bank accounts got frozen, I guess it's better to secretively trade Bitcoin, if you are already using your Bank account for crypto trades you could be in trouble in future.

Government consists of smart people that's why I don't believe they lack understanding about Bitcoin, they understand Bitcoin perfectly and they are in fear of what Bitcoin could be in the future, they want the world's attention on something else, not Bitcoin.

They are also pissed that they can't control Bitcoin, this is an innovation that should have been created by the government themselves, I believe that's what's in their mind, instead a random unknown person created Bitcoin.

I oppose the idea of governments banning Bitcoin and i think that developing and underdeveloped countries in particular should be firmly committed to Bitcoin. Banning Bitcoin, which is seen as a danger by governments is not a logical move at a time when Bitcoin adoption is growing rapidly around the world. Especially from inflationary countries, Bitcoin investments are increasing and investments in Bitcoin are continuing from a large number of countries.

I think it is difficult for governments to ban Bitcoin in the face of rapidly increasing Bitcoin investments. I can say that the attempts of countries such as Russia, China and Switzerland to ban Bitcoin will not pose a threat to Bitcoin. Already after China's ban, Chinese citizens continue to invest in Bitcoin from bitcoin exchanges abroad. The ban did not have any impact for China. It seems inevitable that Bitcoin, which is limited in number in the face of unrequited state coins, will continue to gain value.

As bitcoin cannot be controlled by a decentralized government it also works against bitcoin's network pseudonymity meaning that users are identified only by their addresses on the network. It is difficult to trace the origin of a transaction or the identity of a person or organization behind the address. That's why most people prefer bitcoin the government thinks that if everyone moves to bitcoin fiat will be stagnant but fiat and the banking system will never be stagnant. Bitcoin usage is more popular online crypto prices are inherently volatile due to their lack of intrinsic economic value, as they are exclusively tied to fluctuations in their demand. The government can increase the economic development of the country through bitcoin.

Governments knows the potential of bitcoin better than anyone because they will have experts in the government, and this is why they are against bitcoin. Bitcoin is decentralized and this makes it difficult for them to control. This has given the government headache to see how they can control bitcoin,which makes them come up with a regulation policy on exchanges and traders. Still bitcoin is beyond their limit and that is why some countries put a ban on it. We have also seen countries that have uplift the ban on bitcoin because they want to also benefit from it through taxes. Bitcoin came to open peoples eyes for them to see that they can keep their funds themselves and can also carry out a transaction without a third party. Financial freedom is what the government hates.

While a lot of people (by my calculations, it's around 40% of the world's population, but that also depends on the criteria we take into account) are affected by Bitcoin restrictions, it isn't because a lot of governments choose to impose harsh restrictions. It's a handful of countries, really, but they include some of the most populated ones. There's also an overlap between countries that banned or heavily restricted Bitcoin and countries that tend to be authoritarian rather than democratic. Thus, it seems to me that those governments that restrict Bitcoin tend to restrict other freedoms as well, so it's merely a natural continuation. But, thankfully, many countries aren't like that and are either neutral or trying to create a space for legal use of Bitcoin.

The government is the head of a country, they are the ones who have controlled us for thousands of years, so it would be naive to assume they have bitcoin ignorance. The government is smart and they are doing what is in their best interest and banning bitcoin is in their interest too.

Regarding the acceptance of bitcoin, I believe that all governments will soon accept it because they gradually realize the benefit of accepting it, which is being able to collect huge taxes from us. And of course, we will be able to use bitcoin but there will be limitations, we will never be free to use bitcoin as we want, we need to comply with the law. That is why many governments have accepted bitcoin as an asset, not a currency.

I think one of them has to give way to encourage growth and have innovation of course be prioritized. Of course in this case BTC reasons are relevant because in the future BTC will have great benefits for everyone who holds it meaning that good communication will result in better understanding, which will result in reasonable regulations

Yes. right now a lot of people are not sure if Bitcoin is even legal in some countries now and there is also a lot of negative pressure around the malicious transactions that can be done using Bitcoin and ledgers. Now Bankers chuckle a generation of nerds just got an MBA in economics the hard way.

Frankly, the decentralized nature of bitcoin puts governments at a disadvantage, and that's what they don't like about bitcoin. Decentralization is only good and beneficial for us who don't want to be monitored and controlled by the government, while the government is the one trying to control us all. So you don't have to wonder why the government doesn't like bitcoin and tries to get rid of it.

By the way, as everyone has said, you are pretty naive to think that the government has no deep knowledge of bitcoin. They did thousands of research before deciding against bitcoin, they know even more about bitcoin than any of us, IMO.

I think it;s quite the opposite, Government really understand the innovation that Bitcoin brings to the economic system, and they also know that those innovations will bring down all the things that they have been built for decades, which is a total control over currency and how those currency affect the economic system. Thats why the goverment keep delaying Bitcoin, so they can find the way to mitigate the risk of losing the control overy their economic.

Bitcoin have nothing to do with government, and it was then when many countries doesn't like existence of Bitcoin because they thought that Bitcoin is a kind of currency that will be use for corruption in the aspect of money laundering, this is the area or aspect i think that many countries looks at in Bitcoin and start acting strange and dislike the existence of bitcoins, bitcoin is a decentralized currency in which nobody can regulates it even the government, the objectives of Bitcoin from my perspective is to stand as a currency of it own and not to be centralized currency but a decentralized currency, some countries lift ban in Bitcoin sometimes ago but I don't know those things is still in existence.

Knowing why they're worried is crucial. Bitcoin disrupts everything about traditional banking. Its a revolution, not just money.

Centralization and regulation underpin traditional financial institutions. Bitcoin is decentralized and p2p. Money without government regulation is unpopular. Some rules are made to prevent misuse, but others are made because people dont comprehend or fear the unknown.

Not right or wrong, but evolving views. You're right, yet governments and institutions are facing massive upheaval.

The fact is most of countries are accept Bitcoin as an investment, so it's not really government is hate against Bitcoin.

Only few countries are ban Bitcoin, of course they're don't want to get involved in Bitcoin and not interested to learn it. But some countries are know if many people are interested with Bitcoin and they're use this to take advantage by taxing Bitcoin.

I don't think all governments are wrong in understanding the innovation of Bitcoin now, although in general there are still many governments who don't understand the innovation of Bitcoin. But in fact, I also think that the government already knows how much innovation there is in Bitcoin, even though most governments are still afraid to make special regulations for Bitcoin because they still really want to maintain the state regulations they have previously agreed to.

Actually, the rules in Bitcoin make a lot of sense even though you say they don't make sense, but I don't think so because when a rule aims to make things easier and no one is harmed, it should be reasonable enough for everyone to understand. But if this is related to the government in all countries, of course there must be another special study because each country has its own rules for accepting all innovations and also for making any new regulations that might be contrary to the basic rules that have long existed within the country.

The presence of Bitcoin has never harmed any party including the government, Bitcoin can be used by all elements of society and the government can also use the facilities provided by Bitcoin. The government is afraid because they cannot control all transactions made using Bitcoin and this fear continues to the collapse of fiat because people prefer to use Bitcoin as a transaction tool rather than fiat.

The government restricted the use of Bitcoin in the country due to deep fears of fiat collapse due to massive Bitcoin adoption. To maintain the integrity of fiat which can bring profits to the country, they regulate Bitcoin regulations only as commodity assets.

Yes, I agree with you Bitcoin is not as determined as some people suggested, Instead, it has the potential to do good in the world. Bitcoin is a complex and new technology A few people understand it but the govt does not fully understand it and that's why they ban it. The Govt is afraid of the use of Bitcoin in illegal activities. China, Iran, and Pakistan banned Bitcoin in their countries due to the afraid of using Bitcoin in illegal activities such as terrorist financing, and money laundering. There is no such evidence that Bitcoin is likely to be used in illegal activities. According to the research of the University of Sydney, Bitcoin is actually less used in illegal activities than the traditional fiat currency

And to wrap it up, they cannot do anything about bitcoin than to watch it happening and people living to make use of it while it continues to exist, there are some particular things the government should know about the reason why the people insisted on bitcoin adoption over fiat, there are beneficial features that bitcoin renders and the fiat currency can never give, all these contributed to the massive growth of bitcoin in the world and the people are glad embracing this rare financial opportunity for their desired change they want in the economy.

If you understand Bitcoin for sure the people in the government would also have the knowledge on Bitcoin's potential and benefits to the people, but if you are in the institution and part of the government, as you see people are more relying on the crypto currency which is the Bitcoin than the fiat money like USD of course it would be a threat for the economy of a country. Especially now in our current statistics that the Bitcoin adoption are keep rising so lots of country are banning Bitcoin before it affects the country. Plus the fact that it is decentralized so it would be hard for them to control like having a tax fee for them to take advantage from it but there's none. Although Bitcoin has helped a lot of people that could contribute back to the economy.

Bitcoin is completely banned in the countries you mentioned including China Pakistan Nepal Bhutan and even though Bitcoin is completely banned in these countries people are using Bitcoin defying government restrictions and in some cases citizens of these countries are doing some bad things with Bitcoin. The ones that have come before the government are mainly because of some incidents, the governments of those countries have completely banned Bitcoin in their country and they think that only criminal activities are completed with Bitcoin. The economic system of all the countries you mentioned except China is not that developed and they believe that if Bitcoin is legalized in their country they will never be able to fix their economic situation mainly because of these reasons Bitcoin is now completely banned as a currency in these countries.

looking at the hull thing , I don't think that government want to ban Bitcoin. because when you look at the advance country BTC is  used as means of payment. but in my own country, the government don't even want to ban BTC.  but, want to have control over it. the dependency of Bitcoin alone is very worrisome to the government .

You guessed wrong, I'm not from Russia.
But if you are curious where I am coming from then you can check my post history.

I have stated everything correctly, I mean crypto is not illegal in my country because the government allows it to be traded and it falls under the class of commodity assets. While the government through law prohibits its use as legal currency, I don't have a problem with that.

Despite this, the government manages to profit from the tax revenue of each trader who uses a licensed exchange. This has been implemented in my country, but not many people complain because the percentage withholding tax is still relevant.

One of the main reasons of government to be against Bitcoin is it's decentralization. Govt want full fund information of the citizens he has hold and using for trading so that they collect taxes from them. In case of btc government couldn't get a fund record. Banks are also against the btc because If btc remain allow in any country then most of the citizens will not use bank to keep fund because btc is much better place of investment. Bank will be failed here and they will not be able to get high interest on their loan and they didn't want this.

If government and citizens both honest to each other than btc can play important roles. citizens should allow to completely free buy/sell/trade so that they get life standards and earn good income. at the same time citizens should have to pay proper taxes on the time and didn't use btc for illegal active.

Your observation is decently okay. Nonetheless, we should also factor in the reasonability that comes with government action on what goes on. I know it's difficult for Bitcoin fans to see any reason with that. The truth remains that people will always fight whatever they feel threatens them or their business. That's what government is doing by trying to strangulate Bitcoin. Government feels Bitcoin will go up against traditional banking institutions to eliminate them. Government's mistake in all this is that it's evaluating Bitcoin from a wrong lens. May be Satoshi saw well into the future what government interference would be and made himself anonymous. With all the chase to halt Bitcoin, I'm sure if Satoshi were known he would've been harassed to no end.

No, on the contrary they understand it correctly, but they are just doing what they have to do in an effort to keep centralization at the forefront. Governments don't approve of things they can't control like decentralized bitcoin, but you can't say all governments are the same. Currently there are several countries that have adopted bitcoin as a legal currency, while others disagree.

There is hope that adoption will improve in the future as time goes by, but it may not be easy. The government has its own way of advancing its own products where CBDC is the product they will introduce following the increasing need for digital finance. But bitcoin has its own way regardless of government regulations, even though it is subject to regulations in a country.

They can't ban Bitcoin and it doesn't matter whether they have good reasons or not.

I had a look at the etymology of the word and although it isn't surprising, the etymology states for to govern (https://www.etymonline.com/word/government#:~:text=late%2013c.%2C%20%22to%20rule,pilot%2C%22%20a%20nautical%20borrowing%20from) "late 13c., "to rule with authority," from Old French governer "steer, be at the helm of; govern, rule, command, direct" (11c., Modern French gouverner)..".

As far as I know there has never really been anything that the government could not control when they wanted to. They can slow down cryptocurrency expansion and adoption, but they can't ban it in its entirety. This has to do with both domestic policy and foreign policy consequences. Banning it in a home country could mean that a different country makes use of the opportunity and accepts it or even fosters the use of cryptocurrencies. Open and free countries have to carefully consider their decisions. China doesn't give a damn and has therefore announced every three months that Bitcoin is now finally banned, but the truth is:


Here you can see  (https://cointelegraph.com/news/china-court-declares-virtual-assets-as-legal-properties-protected-by-law-report) that Bitcoin has never disappeared in China because of a ban. Even better, I doubt that any court would rule against what the CCP really wants them to do. To me this seems more like a backdoor that the Chinese government can one day say that they except the independent judiciary system. The Chinese saw that instead of taking the lead with a ban, they are actually falling behind when many other countries choose to be more open-minded towards decentralized financial technologies.

It's only natural for the two to be at war. Neither can live while the other survives lol jk name that movie hah. Right now honestly it would work out in US favor if they just embraced it I think. Brics is a huge threat to the US government probably even more then bitcoin? But together they both pose a risk. Separate brics and usa could act as a catalyst for bitcoin longterm

I don't think they "misunderstand" the power of bitcoin and the blockchain, it's just that when it comes to regulating these two things, it's going to be a massive ordeal for the government to deal with. So instead of dealing with the legal gymnastics and the problems that it would ensue, they just resort to banning cryptocurrencies or at least (as in the case with US) those they deem to be "unregulated securities" like altcoins and stuff. They know how powerful bitcoin is as a financial tool, it's plain to see after all when every bull run you see people pulling up in their lambos and whatnot, it's just that besides the fact that banks abhor cryptocurrencies, they also couldn't find a legal middle ground between regulation and decentralization.

Lately, I’ve been trying to get some different insight to the government not having to back bitcoin. What would it mean to them and in the case of a flaw with developing technology, what becomes of the government and there stands in the event of a backing. To answer that;

Having to back bitcoin or cryptocurrency is the government giving assurances to its citizens that nothing could go wrong.
It’s a government’s responsibility for the safety of its citizens and a government that isn’t able to do that is a government that have failed in its purposes. Now, it’s hard having to do that on a currency that they can not control.

It’s the one reason why we appreciate the bitcoin idea, it’s decentralized and privacy nature which is, the only reason why government isn’t so bitcoin friendly. There are a lot other reasons but still, I don’t blame them for a gradual acceptance, it’s a process.

In all the countries where Bitcoin, or generally, cryptocurrency, has been restricted or banned, the governments of those countries have their best reasons why they decided to ban cryptocurrency in those countries, but that doesn't mean that Bitcoin has been used to commit any crime that has not been committed in the past with other assets, and those crimes are still repetitive today and will continue to occur even if Bitcoin remains banned. Some people have given the reason that the reason for restricting Bitcoin in their country is because they are trying to keep investors safe from investing in volatile assets like Bitcoin and having to risk those funds to volatility. while some also said it's because of the decentralised nature of Bitcoin, and others said that Bitcoin is an easy means for money laundering without being caught.

So, all this and some other minor reasons are why some governments have decided not to legally allow the free adoption of Bitcoin in their country.

The prohibitions and regulations they issue are clear. They are also not wrong in understanding Bitcoin innovation because one of the organizations that understands Bitcoin best is the government.
Bitcoin is not like an ecosystem that can destroy the environment.

Prohibitions and rules made that have an unreasonable impression will not prevent users from using Bitcoin because Bitcon is a very unique electronic payment system. The process of using it is also very easy. They reject Bitcoin because it doesn't need a third party or anyone can control it like a bank system.

The reasons governments ban or restrict cryptocurrencies like Bitcoin are complex. As you noted, each government has a reason. However, lets analyze. Comparing Bitcoin crimes to crimes with other assets is like comparing digital and real footprints - the medium changes, but the intent doesnt.

Bitcoin's volatility is real, but so are traditional stock markets. Remember 2008? Banning a volatile asset is like blocking the sun with a sieve.

The decentralization of Bitcoin is game-changing. The central banks' inability to regulate it worries them. Yes, some criminals use Bitcoin, but to call the entire ecosystem "bad" because of a few bad apples? What a reach. If we dig deep, the main difficulties seem to be lack of comprehension and fear of losing financial control. Thus, bans.

Government only hates Bitcoins because it cannot control it. Due to the decentralised nature of the coins, no organisation or governing body can control Bitcoins. Hence the things which government doesn’t have access, they declare it as illegal. There are still some countries where Bitcoins are legalised, but the rest nations are too much rude to accept it. Let’s continue like this only.

I agree that if government wants to prevent something they will prevent it, anything illegal you see that is not prevented, is not prevented because government doesn't want to prevent it. Anyone who thinks that governments couldn't stop someone, must be not aware of the fact that these are the governments that literally end up with changing nations heads, USA literally change the presidents of other nations, we are talking about that big governments.

So in the end, we see that they are letting it be and they are fine with it and we should be happy about that as well. I get that sometimes it is not that easy but it should be easy in the end, time to time there could be some question marks but that is not going to change anything.

Governments of many countries are talking about Bitcoin, but many of them do not know what the purpose of Bitcoin is? Some governments are only bringing up its negative aspects but they do not reveal the positive aspects that they have. The fact is that they cannot control it, so it is better to keep the public as far away from it as possible with various restrictions.

People are not indifferent in this age anymore. They know that even if the government bans it,  the high-ranking officials of the government understand its benefits, they will not want to stay away from it. Bitcoin is a means of transaction and should not be considered only as a tool for money laundering. We urge the government to adopt appropriate policies to embrace Bitcoin on its merits rather than as a competitor.

For sure the government will definitely attack bitcoin when they have no power to control it, this is how the government has always been. They know if people get to know Bitcoin very well and accept it for long-term savings it is going to affect the banking system which people might decide not to put their money in bank any more, I think this is the treat the government are facing from bitcoin that is why it very difficult for the government to fully accept bitcoin.

On the contrary they know what bitcoin is, or any crypto for that matter, that's why they decided to have their own back crypto Central bank digital currencies (CBDCs).


You have to take for example US, some of the most powerful men, like the politicians are into it. Even their political system is divided, the other one supported it, while on the other side, they are totally against it. This is how disrupted bitcoin though, but for us average joe, it's just a tool for financial freedom. But government doesn't want their population to have that kind of freedom.

Not only having the full control over their citizens money but also they do mind off about these things;

1. Taxation
2. Money laundering
3. Anonymity

This is why they would really be hating up Bitcoin because of this and cant really be fully adopted or accepted or simply regulated. Although there are some places in the world where
they do really recognize Bitcoins potential and overall of it. Just like on what El Salvador had done on which this is the first place who had made Bitcoin as their legal tender
although fiat do really still that preferred mostly of their citizens but at least they did really make a historical move that everybody thought that it was really that impossible
but it do shows out that it could be done.

Its better not to make yourself that minding that much on how government would really be making out such involvement or on trying out to surpress Bitcoin but instead
it would be wise that you should be caring on how you would really be taking up some advantage via accumulation of it.

Op, maybe you are the one who is totally wrong about it all, the government have good informations about Bitcoin, if you can think very well, the government is not just one body, it is totally run by a group of people, like special advisers and all the rest, so you can't tell me that the government doesn't have good knowledge about Bitcoin.
One of the major reasons why the government do not want Bitcoin is because they are totally scared of what Bitcoin can do in society. If they allow Bitcoin at all,  people won't be passing through difficult processes to change their currency if they travel out to some of these countries, and if the government allows Bitcoin, I am not sure that people are going to be paying some of their monthly fees because they won't be doing hard jobs but little jobs that can profit them well with their investment also.

I'm sure the governments quite understand about Bitcoin. They know that Bitcoin has the advantage for people. But since it doesn't bring an advantage for the governments, they seems like in the opposite position. They will accept Bitcoin when people want to pay taxes for Bitcoin transactions, it happens in some countries in the world. The governments also want to control the development of the business related to Bitcoin industry. So, they know the potential advantage for the government in the future. I assume governments will try to increase the taxes gradually when Bitcoin becomes more popular in the next few years.

Well, it is not about the governments have lack understanding about Bitcoin, dude. It is about the advantage and disadvantage of Bitcoin for the governments.  ;)

IMO

Actually they really understand of Bitcoin, really understand. that's why they are worried about how powerful Bitcoin will be if they can't control it. People in government are mostly smart people, of course they can easily understand what Bitcoin and cryptocurrency are like, what are the negative and positive impacts. They also understand how many people's lives have become better after using or related to Bitcoin. And they also understand that transactions with Bitcoin globally will be easier to do. Because they understand this, they make regulations that are at least able to limit the activities of their citizens towards Bitcoin and other cryptocurrencies, at least they limit it in terms of means of exchange or as money for transactions. because after all the government is unable to control Bitcoin.

Government is trying to suppress bitcoin and Bitcoin is trying to change the policy of government in centralizing agenda, so government is fighting Bitcoin why bitcoin have target of making their currency to have dominance over centralized centralized agend by using decentralized method to fight government, but from what bitcoin is doing and the way bitcoin price is going and the awareness of Bitcoin it seen that Bitcoin might become a world currency because the plans of government started when bitcoin was valueless bitcoin still have agenda.

The only kind of bans that the government feel like they can enforce on Bitcoin, are directed towards third party businessmen of the Bitcoin community. That's why they target CEX's (Centralized Exchanges). With a long enough stick, you do not need the carrot. Or in their case, they do not have a carrot. In other words the bans are so harsh and unfair because the government realizes that normal regulations do not work with a decentralized money that anyone can obtain in more than 1 way.

Bitcoin is the new age money and the government is still trying to struggle with leaving the old-age money behind. Mainly because they can print an infinite amount of fiat, whenever they want. And that is not possible with Bitcoin.

True that, the government has no control on the system of Bitcoin network.  The government can only apply pressure to the ecosystem of Bitcoin where it is functioning.  All the government can do is put censorship on the services of the centralized company that is integrating Bitcoin or set regulations and rulings over these kinds of institutions in order to at least have information and if possible control on the services of these third-party centralized companies.

Governments find it good, but they're afraid of losing control over the financial system. This is the thing happening with every country that had imposed ban over the usage of bitcoin. Few countries have gone beyond this arresting people, if they were caught holding or involved in cryptocurrency related transactions.

The government loves the technology and are well aware of the goodness it can provide. A proof for the same is the introduction of CBDC into the country's financial system. They've well understood the need of people and trying to give the best support and keep people within their limits and not letting them to use cryptocurrency as they're completely decentralised. The world is moving towards decentralisation and financial system is the base.

Previously, the government was terrified of Bitcoin since it was difficult to control. They discovered that criminals could use this as an opportunity to continue their undesirable behavior. And we've heard in the past that Wikileaks was utilizing Bitcoin since the government prohibited them from using credit cards. I'm not sure what the real reason behind that.

And now that we are in the modern day, governments are increasingly realizing that they cannot control Bitcoin and that Bitcoin does not wish to harm them. Although criminals can utilize Bitcoin, we must believe on the fact that Bitcoin was designed to protect large investors from criminals who are only looking for a victim to hold for ransom.

Bitcoin can never cause harm, and neither has the government. However, they did not give Bitcoin government approval as Bitcoin is not controlled by the government of any country. However, in the country where I live, Bitcoin is completely illegal and trading in Bitcoin is considered a crime and punishable by law. Still many people in my country use bitcoin illegally and they do business with bitcoin. But the government takes the principles of Bitcoin in various illegal and criminal ways, because of which the government of my country is still not able to legalize Bitcoin, rather they think negatively about Bitcoin. If the government legalizes Bitcoin, it will never harm the country, but it will gain economically, not positively, but because of this, they are still afraid to legalize Bitcoin. The governments of these countries believe that people using bitcoins will commit various crimes, and engage in various money laundering and criminal activities, thus still outlawing this virtual currency. But I believe if Bitcoin is not illegalized by the government of a country but legalized by that country's tender then surely they will benefit economically and never cause a loss.

The government's problem with bitcoin is that bitcoin does not benefit them, bitcoin benefits the people, not the government. How will they regulate you and tax you if you use bitcoin to store your assets? You will completely give up fiat money and banking if bitcoin is recognized as a legal tender and from there the government will not get any benefit, the government will soon collapse. Those are huge problems if we are in a position of government. The government needs to come up with more solutions before they accept bitcoin, IMO.

I think it could prevent "some" people from using it. I mean when it is made illegal that would be hard to use it, and that's why it is getting this much trouble and I believe that it is going to be a tough thing to get it accepted. I understand that it may not look that easy for the time being but that is the important thing one way or another.

I believe that the best thing to do would be to make it legal so that everyone would use it. That is the way to approach this and that would allow the governments to make their citizens like bitcoin in the end. I get that it may not be simple to just legalize it, but they can do their research and find how they can do it, and then even tax it if they want more money.

I think you are the one that is misunderstanding the governments, even if they spread lies to the public you can be sure they have a huge number of experts which have explained to the politicians in power what bitcoin is about and the possible repercussions of leaving bitcoin to expand unhindered, this is why they are trying to regulate it as much as they can in order for bitcoin to no longer fulfill the original idea of Satoshi, however if bitcoin is still around by the time the current system collapses you can be sure that even if the regulations were incredibly harsh people will choose to take the risk and adopt bitcoin anyway.

If a country's government accepts Bitcoin, it will be very difficult for that country's government to control their economic situation. When people get to know about bitcoin well, people will save their money in bitcoin instead of keeping money in banks, which will lead to the possibility of bank bankruptcy and the reserve fund of government banks will decrease due to which the economic condition of a country can be seriously threatened. By thinking about these things, the governments of different countries always make negative campaigns about Bitcoin in front of the people. Countries where Bitcoin is banned outright have a significant number of people hooked on Bitcoin, meaning that once hooked, they can never switch back.

However, there are also some countries with different rational reasons, such as not wanting to risk their citizens' wealth on assets with high volatility levels. Bitcoin experiences extreme price fluctuations and could potentially impoverish someone who is just getting acquainted with the cryptocurrency world.

Apart from the risk of bankruptcy, governments also aim for the currency in circulation to be controlled by the authorities. Perhaps their intentions are good, aiming to maintain economic stability. But what the government and banks do behind the scenes remains unknown.

Is the government worried that high volatility will harm people? I don't think that's a good reason. I don't believe they would care about their people to such a level of devotion, it's just one of many reasons people stay away from government bitcoin. I completely agree with what Patrol69 said, if bitcoin is accepted, fiat and banks will surely lose their appeal and their power will be easily shaken. That's the first thing they care about when it comes to bitcoin.

Many people say that accepting bitcoin as a currency will improve the economy but I don't think so, due to the volatility of bitcoin it will destroy the economy even faster, this I am on the political side of government. As long as bitcoin remains highly volatile, it will be difficult to become a currency.

Government are fighting what them don't know about, which Bitcoin can't stop by government as long internet exist, instead Bitcoin is even happen government rather when it comes to financial sector, very soon government we officially accept Bitcoin as a means of payment in the country, like wise some other countries have been accepted Bitcoin.

I suspect that not all governments understand Bitcoin; those who understand Bitcoin and its benefits are those who accept Bitcoin as a means of payment; those who do not accept Bitcoin as a means of payment are those who do not have the right to control it in any way. I am confident that the countries that have not accepted Bitcoin as a means of payment will do so once they understand the value of it and how it will help many people in the economy; I am also aware that some of our leaders are investing money in Bitcoin. I believe in Bitcoin and believe it will take over the globe one day and is the best investment.

Bitcoin has come to stay and this is a fact that the government should realize, it's not a digital currency that has come waiting for their approval or recommendation before it can be accepted, the pace already have been set and the people have already realized the finished work in what Satoshi Nakamoto himself had made in providing for us bitcoin to use while serving as an alternative means of making payments, i believe many other people have started this but couldn't achieve any concluding results not until we have Satoshi come up with bitcoin, in case the government had forgotten, bitcoin is a decentralized digital currency, they can't regulate it.

eventually, those who hold more Bitcoin will have enough control over price movements. In fact, this will not result in economic growth in the community, but as you said, this can quickly destroy the community's economy. especially with the little knowledge about Bitcoin that the general public has.
we know the concern from the government for the issue of adopting Bitcoin as a substitute for fiat. As long as the volatility of Bitcoin's price is high enough, more governments will not use it as a currency for payment.
the government still relies on fiat which is trusted by the public. and it gives the government the advantage that they are in control of their own finances. but with Bitcoin, they will probably only benefit from the high taxes that are levied on exchange transactions.

The innovation that bitcoin provides is not wrong but it will disrupt the existence of the government so that some of them will definitely be afraid that if things like bitcoin continue to develop it will increasingly disturb them because it is difficult to regulate which makes them try to regulate so that they are safe and want more authority even though bitcoin cannot be fully regulated.
This is an anticipatory step that is actually quite reasonable, the government has the authority and power to regulate something but with the presence of bitcoin that they cannot regulate, they are confused to find other alternatives to make regulations so that bitcoin can be controlled.
But for people like us who want their own freedom bitcoin will be a good bridge in financial management and I still feel at this time as long as the government does not ban bitcoin (in my country) even though there are some rules that must be followed I will remain in bitcoin.

Indeed, knowledge about Bitcoin is a priority, especially in a large country like mine, where if the government legalizes Bitcoin at this time it will be risky for the elderly, where it will be difficult for them to keep up with technological developments regarding Bitcoin, and if they know about it, it could happen that they will suffer losses due to volatility. Therefore, I think for now it is still as comfortable as it is now, where those of us who have knowledge can make money from Bitcoin, and of course it can improve our personal economy, and of course this will spread to those closest to us, our families, and spread widely in my country, and with that knowledge of bitcoin that doesn't lead to wrong understanding

Where do you truly stand? In the first paragraph, you disregard volatility as a threat, yet in the second paragraph, you express concern about volatility as a threat.

I prefer to learn from my experiences, and in my current country, Indonesia, Bitcoin's role is strictly limited to being an asset and cannot replace FIAT currency for transactions. It is prohibited by the government. Perhaps this is why its adoption remains at less than 20% of the total population.

Let's take Japan, for instance, a country that has legalized cryptocurrency. Is its adoption high? Not as you might imagine.

Currently, only 4% of Japanese individuals have adopted cryptocurrency. Of course, the adoption of Bitcoin is even lower since some have adopted altcoins. Yet, it's perfectly legal there.

source : https://triple-a.io/crypto-ownership-japan-2023/

Based on the explanation I got from this forum users concerning volatility, volatility is even good for some businesses in the sense that if you invest some money in Bitcoin and the price suddenly spikes, you can make an instant profit. Just like I am accepting Bitcoin payments in my business and the current Bitcoin price is still low, let's say I have accepted up to 0.09 BTC with this current rate of Bitcoin price, and luckily the Bitcoin price has risen to $35k, which means I will even have an additional profit for my business. The problem is just that some people didn't really understand Bitcoin very well before they decided to use it.

Well, I know that with time, some of those countries where Bitcoin is restricted will lift their bans and restrictions.

Government also will not allow bitcoin investment that it not only effect the banking system but most of the people will also not involved in job because everyone wants to be a part of job which will be full of ease. Individuals are tired of such jobs in which hardwork is more but salaries are not enough to continue their life expenses.

I don't think that government through out the world will accept bitcoin as it will have greater effect on the economic situations of a country and wherever they accept bitcoin then first they will turn this technology as centralized one and will set the rules to pay charges in a form of taxes.

In present form government will never accept bitcoin but if changes occur then there is a possibility for government to accept it as most of the individuals move towards bitcoin investment.

Well, to say that government misunderstand or misunderstood Bitcoin innovation is actually a wrong narrative, the right narrative is actually the other way round, government understand bitcoin innovation better than any of us, and that is more reason why they are coming at Bitcoin by all means to see if they can destroy it or take people's mind off it by discouraging people from investing in it ..

Since Bitcoin is completely decentralized and can't be controlled by any man or government, the government are actually seeing it as threat to the power and control they have the people through banking and finance .

Bans and regulations are usually done in the best interest of the citizens (we the people), as the fiat system allows them to collect taxes with its already integrated system which has been working for many years now, though efficiency is questionable!

On the other hand , having to allow crypto without a regulatory frame work opens doors for taxes not to be paid, washing of money can be made much easier etc So at the end of it all its not Government misunderstanding this technology,  besides when you talk about the government its the representation of what the citizens want..if they want crypto legalized it's possible to make this happen through our representatives .

I believe the government thinks Bitcoin is good, and they are smarter than us and they have done their research and studied it. And the reason they don't like it is because they can't control it and countries use their currency as a tool of economic power that allows them to control their people.
With Bitcoin, governments lose this ability, as they no longer have control and citizens can transact to receive or send money globally without the control of governments and third party financial institutions such as banks.
And although the government continues to oppose Bitcoin, it is like a revolution, slowly but surely. I mean, Bitcoin will still exist and continue to grow even though there are many FUD, enemies and so on because Bitcoin is the people's currency.

The main issue with crypto for government officials is legal status of btc in terms of court cases. It's quite challenging problem, since many people use BTC for legal thins, while many people use it (or might use it in case of legalisation of all the actions with BTC) for illegal and unpredictable things, including unfair rivalry, tax evasion etc. So, if legalised, BTC becomes a good financial tool for many unfair people. And if BTC is not legalised, money exchange and legal issues become a trouble for fair people working in cryptoindustry...

You would really be able to expect on what the government would really be looking on something which cant be controlled and something that couldn't really be traced up in speaking about transactions. We know that

government doesnt really like on something like this, they do really like on having tracking on everything and be wary on whats happening and with Bitcoins or crypto existence then it did really make out some other story.
Some do sees it to be that just fine but most of government do really see this to be something that do really conflicts out on their interest and this is why its not really that shocking on having that kind of banning and
prohibited kind of decision towards it. Somewhat despite of the government that had been making out those issues but still there's still that huge interest and adoption from the community.

It isnt really created on the purpose on getting against with the government but rather it do really focuses out on how to make out transactions without 3rd party involved.
It did really just turns out that government doesnt really like on things which cant be traced nor be controlled. This is why they would really be normally be having this kind of impression towards it.
They would really be throwing those shit issues just to make this market go down but they had failed out.

They "accept" it because they have no other choice. They would happily get rid of Bitcoin if they had a possibility to do so. Bitcoin is a threat for them. However, banning Bitcoin and crypto won't prevent people from using it. Bitcoin is unstoppable.  8)

The Main issue is Decentralized. Always has been.
Hard to let go of the fiat mindset ingrained for years in the face of the immaculate conception of Bitcoin.

Bitcoin: don't trust, verify.
Government: Trust us, you don't have a choice anyway

It is not about the high volatility of the market the government is most concerned about.  The government even allows gambling which is way worse than the high volatility of a market in terms of how people lose their money in the process.   It is about control and censorship since the government being authoritative wanted to have control of everything and yet they are unable to have a grasp of the Bitcoin network.  This is one of the major reasons why the government is hesitant to accept or adopt Bitcoin in their country.

Improving an individual's economy is what bitcoin can do, but to improve a country's economy, that's really an exaggeration for bitcoin. To improve a country's economy, we need to create more jobs, bring high income to people and improve people's lives...Can Bitcoin create jobs? People have misconceptions about bitcoin and this is really dangerous for themselves.

Not only does accepting bitcoin as currency pose a risk to those without knowledge of bitcoin, but the government is also unable to control the national economy because of bitcoin's high volatility. Personally, I still feel that as long as volatility persists, bitcoin is more suitable as an asset than a currency.

I agree as the government implemented strict regulations in order to control Bitcoin but unfortunately, they failed, so they banned it.
Although we ask the government for their support but somewhat they are unfair. They are foolish not to see and think about how it helps the people around them because what they only think is how to make money from it while disregarding the benefits it gives to the investors, traders, and users. Until they don't get their wants, the government will make war against crypto.

Governments are not stupid, my friends. They know all the benefits of bitcoin for everyone, but for them, it is not beneficial for them. What they are building is a centralized system to control us all, whereas bitcoin is decentralized and gives us freedom. If you are a government, do you see any benefit here when your centralized system is threatened by a decentralized system? What they're doing to us makes us feel uncomfortable and wrong, but to them, they're protecting themselves.

Governments often condone such mistakes and do not legalize Bitcoin. When Bitcoin transactions are introduced in a country, that country becomes much more economically developed.  But there are some countries that criminalize Bitcoin transactions, so they are afraid to legalize Bitcoin. Many countries in the world where Bitcoin has been legalized by the government and invested in their countries have become quite economically self-sufficient, and the country has been able to prosper. Again there are some countries that don't want to legalize bitcoin they always think negative never they think positive. Governments of all those countries think that if bitcoin is legalized, illegal activities in their country will come to light and youth of the country will launder money through bitcoin. And due to such negative aspects the government has made bitcoins illegal in their country and I think this kind of move is not good at all by the government. If a country's government accepts Bitcoin and starts Bitcoin transactions in that country, they will surely prosper economically, and this step should be taken by all country's governments.

The government thinks bitcoin is harmful to them not to the users of bitcoin. It’s untraceable which makes the government pretty uneasy. Like any other forms of currency, bitcoin can be easily used for things that the government wouldn’t like/allow hence the regulations. The government is smarter than most people think.

I see you repeatedly stressing that if a country accepts bitcoin then that country is sure to grow and prosper economically. I am curious to know which countries have accepted bitcoin and which have become more developed economically? Because as far as I know, only El Salvador and Central African Republic are two countries that accept bitcoin as legal tender. But overall their economy has not seen too many significant improvements, which may also be partly due to the ongoing global recession affecting their economy. But besides those two countries, are there any other countries that stand out when it comes to bitcoin adoption and their economies improving?

The government does understand Bitcoin because if they didn't, they could have banned it. What's happening is that they are regulating Bitcoin and the entire crypto market, so that's a statement that they understand it. If we had to choose, would we prefer to see Bitcoin banned or regulated?

I understand what you mean about the complete anonymity, right? However, forget about that; it's not realistic anymore as we are not in the early stages. Whether we like it or not, the government will function, and no one is above them, which means they will regulate everything.

Governments are least interested in innovation. These are not research organizations that want to make the world a better place. They have their own goals, such as profit and control.

This is all introduced precisely for the reason of control (totally manage everything) and benefit (receive a portion of the profit in the form of taxes).

Harmful to whom? Extremely harmful to any established system (any country with its own financial and regulatory system in the form of a government) due to financial freedom and the inability to control. It is useful for people, because it allows them to get rid of this oppression.

So is bitcoin good or bad? Depends on which side of the barricade you are on: the side of governments or the people.

Bitcoin's current status may not be enough to overhaul a nation's economy. Indeed, it doesn't immediately produce jobs. The crypto ecosystem, which includes Bitcoin and other cryptocurrencies and blockchain technology, is producing many jobs. The industry is growing for blockchain developers, crypto traders, security specialists, and crypto journalists.

Bitcoin is misunderstood, which is harmful. However, focusing on knowledge may help us overcome that obstacle. To maximize Bitcoin's wealth potential, informed people are better positioned.

Though volatile, many "traditional" assets (stocks, commodities, even some currencies) have suffered comparable issues in their early days. Its volatility may reduce as more individuals adopt it. I see your position; these debates are essential for our financial future.

We cannot know what will happen in the future, but given what is happening now, it would be a mistake to think that bitcoin can overhaul a country's economy. We should be more realistic and I agree with you because we are in the early stages of the bitcoin revolution. So maybe bitcoin is only used as a speculative asset, but as things gradually become more popular and accepted. I believe that then bitcoin will have more opportunities to be applied more widely in different industries and fields, thereby creating more useful jobs.

When such topics come up, the answers are almost the same. When such topics come up, the answers are almost the same as what we have given before.
Now I say, wasn't there crime when Bitcoin was not invented, and isn't money laundering through fiat currency today? It can be seen that money laundering is the most through fiat currency. So in past times, crime was done through fiat currency or other valuable assets, and now new technology has come and some dishonest people are doing crime through this technology. Here we cannot blame the entire technology or the system. 
And at this point I would say that governments should take action where such crimes are taking place and bring these dishonest people under the law. If you go against technology, you will go backward. Even the government of my own country has not yet gone to the stage where it can bring those who commit crimes with this technology to the law.in that case I would say my country is lagging behind in terms of this technology.

I think the Governments negative stance towards Bitcoin is rooted in concerns about losing control over their national currencies and potential risks like unregulated criminal activity. El Salvador has adopted Bitcoin because of its benefits while many other countries are still undecided leaving transactions mainly unprotected. I also thing Even in the face of sanctions by nations like China the increasing global acceptance of Bitcoin implies that such initiatives won't impede its ascent. Bitcoin value is anticipated to increase because of how rare it is compared to official money.

I highly agree that the government is well-informed about Bitcoin, it is that their announcement is not fueled by honesty but by political sense, so we might find the majority of announcement or statement of the government institution somehow vague and assumptions making their citizen cautious since they don't have any access or control over the Bitcoin network while they are plannng and preparing regulation on the Bitcoin engagement.

Should governments relinquish control over their currencies, they face the imminent danger of losing their power and being susceptible to overthrow. The government is a centralized collective, while bitcoin is a decentralized system where power is divided equally among everyone, which is actually harmful to the government. So it's understandable that they don't accept bitcoin in their place.

In the case of El Salvador, although they have embraced bitcoin as legal tender, they have not eliminated the USD from their economy. This cautious approach indicates a lack of complete trust in bitcoin. Moreover, El Salvador seems to treat bitcoin more as an investment rather than a fully recognized currency.

I do not agree that it is not beneficial for them. Just because they can't control it directly, doesn't mean that they can't control people. And just like how they let you have gold and stocks, they could also let you have bitcoin as well.

Let's take a look at it from an American perspective, USA is not controlling the price of gold, they can try, but they are not doing it all by themselves that easily, they would have to spend insane amount of money and the same way could be done for bitcoin, or stocks, stocks in the USA could be manipulated by the country, but they can't stop someone from buying stocks in another nation, which they can't control. So bitcoin is as controllable as any other asset and they just tax it.

Well ideally self governing people would be best, but once a group of people gets big government and organizations get involved.

I would prefer to have less government, but you need far more space for people then the world has.

Bitcoin at best offers a way to flee from government a to government b which may simply be out of the frying pan into the fire concept.

I am 100% sure that governments around the world have assigned people to study what Bitcoin is in detail, but they will definitely reject it because they discovered that they cannot control Bitcoin. governments in many countries don't like it when their power of control over something is weak, they only like and support things that they can control and which only benefit them while they feel that bitcoin is not profitable at all. but there is nothing to worry about, so far bitcoin has continued to grow without support from governments in many countries.

Control of people can be achieved through rules that are introduced by regulatory in the government. If the rules are strict for buying and selling Bitcoin, then this will to some extent prevent people from making exchanges. The regulator may also impose a very large tax on Bitcoin profits, which will force large holders to look for a more favorable country. I want to say that the regulator has a significant impact on Bitcoin and I would not like the tightening to continue in all countries.

regulation is indeed the key if they want to get a hold some of this market. because they are now seeing that even without their mandate, this market will continue to grow. so instead of banning the use of it, why not just regulate this market via implementation of protocols attached to this business? they can get tax from these local crypto-exchanges if they want to because before they can operate, they need to accomplish docs like business permit and others. i believe, most governments are changing their approach towards the crypto market especially now that they are seeing big financial companies which are into this market.

This is also an opportunity that can be exploited by the state because the state can impose taxes on local crypto exchanges that are still operating to serve their local traders. So it is quite logical for the state to make regulations that allow markets to operate forever by binding them through taxation so that every year there is always income for the state.

I also agree that regulations have become the key for the state to control parts of the market, because market users will also be faced with these regulations to understand that they actually have to pay taxes to the state every time there is trade. I see this has started to happen in several of my local exchanges so I am not too worried because the market can continue to operate quite well until now without any obstacles with rules and regulations.

If a country were to attempt to manipulate Bitcoin prices for the purpose of stabilizing its own economy, would other nations and influential cryptocurrency holders simply stand idly by? Certainly not; each entity's actions regarding Bitcoin would be driven by their individual interests. In essence, if one nation seeks to control Bitcoin's price, but it doesn't align with the objectives of other countries, an economic power struggle to dominate Bitcoin would ensue.

Now, if hoarding all the Bitcoin is deemed a sound idea, could everyone easily part with it at a low price when indications of a monopoly become apparent to both the less fortunate and the affluent Bitcoin holders? Certainly not, my friend.

I mean right now I could totally see the Bitcoin adaptation in my country it is already used a lot by a lot of companies and even allows trading this cryptocurrency in their platform which is already a big thing since there are millions of users there that are having a good chance to invest in cryptocurrency or probably just have there interest of it. There are probably some governments that misunderstand Bitcoin or don't really want or support Bitcoin but there are still a lot of countries that support cryptocurrency or blockchain development. Cryptocurrency projects are already starting to give jobs in my country so as long as the government doesnt interfere to probably not banned cryptocurrency it's probably going to be fine since cryptocurrency continues to adapt in most of the country and projects are already starting to be big, and even starting to give jobs to developers here in the Philippines.

There are probably some things that the government doesnt like about cryptocurrency since it is decentralized and they can't really put a tax on it, but it is probably indirect since they could tax the platform that is doing it if it is operating here in the Philippines. I mean it is getting a lot of money out of our economy and the government doesnt really want something that they cant really control. But still, there are some that are just neutral about it because it still has positive and negative.

It is not easy for Bitcoin to be accepted by a government; of course, it must be adjusted to the situation of the government itself and whether it is able to accept the consequences that will occur.As you said, the government is scary because it can be used for undesirable things such as escaping the proceeds of corruption as well as money laundering, which results in government losses. but now the government is also more familiar with it and does this with regulations that can prevent abuse from happening, so they don't dare to do things that could violate the rules.

But even without bitcoin, corruption and money laundering still happen every day and even happen to the government system.  don't blame bitcoin for those things when those evils appeared hundreds of years before bitcoin was born.  in my opinion, the decentralized nature is what makes governments unhappy with bitcoin because it would make it impossible for them to retain their power.  If the government accepts bitcoin and allows people to use bitcoin, people will stop using banks and fiat money, then they will lose all power and it will lead to collapse.

First of all, we know that Bitcoin was created by the founder not to oppose the government of each country. That's why other governments of countries think badly of Bitcoin; others think that it is a threat, and they know even when it will not be regulated under the government.

And any government also knows that because Bitcoin is decentralized, this decentralization is the reason the government can't control Bitcoin. But the government has the ability to not accept it in their country or other countries, and many people did it, but in the end they also withdrew it because they could not stop the trend regarding Bitcoin, especially since there are other countries that have already made it a legal tender currency, such as El Salvador and others.

The most of the countries economy was based on the bitcoin now.The population of many countries was more and employment to them was low.So many people doing bitcoin trading as their real time employment.The person who do cryptocurrency trade will do the tax payment.So now most of the countries government was depend on the tax from the people.For this reason the government legalise the bitcoin in their country and regulate the bitcoin in proper way in their system.So the bank itself collects tax from people in every transaction.Bitcoin giving employment to unemployed in many ways.This forum also allow us to earn some dollars from the signature campaign.

Where and for what reasons do people have such thoughts that countries began to prosper economically after accepting Bitcoin as a means of payment? At least they would post a list of statistics “before” and “after”. So at least we would have some data for comparison. And so, nothing more than simple speculation and nothing more. Still, nowadays people trust facts. And they do it right.
It’s already annoying to see how Bitcoin is credited with some positive qualities that it may not possess. Boost the country's economy? )) Yeah, of course... All the states have already set their eyes on it and are lining up to buy it)

Yes also the government thinks that legalizing bitcoin will take everything out of its hands. Fiscal policy tools are used by governments to influence the economy in addition to revenue cuts. These primarily include changes in tax levels and government spending to stimulate growth taxes are cut and spending is increased. It often involves borrowing by issuing government debt also if bitcoin becomes legal government taxes from other sources will decrease.

Bitcoin has changed the economy in various countries. Its admirable that cryptocurrency trading has closed employment shortages in numerous economies, but this narrative should be viewed with care. Relying on a decentralized, volatile currency like Bitcoin is risky, especially if a government's revenue depends on taxes. Integrating tax collection for each transaction accelerates the process, but banks must maintain robust and faultless systems. Can a decentralized currency anchor a nation's economy?

Well, this is not entirely true because, In major cities as of today, people still need to convert their Bitcoin to fiat currencies before they can spend it on goods and services.

So going by the above, money saved or kept in Bitcoin can be considered money invested, same way people invest in stocks, real estate, businesses and so on, money invested in Bitcoin can as well be invested in a real estate, do government still task real estate that is undeveloped and has not yielded any profit for the investor ?,  of course not.

The only reason why government are against Bitcoin is solely because they have no control over it, and are afraid since they see it as a potential threat to the fiat which they have 100 percent control over through the bank .

Are you sure about this?  My countries economy is not based on Bitcoin, and as far as I know all country in Asia's economy is not based on Bitcoin. Can you share where you read that?


I am a bit confused, Most cryptocurrency trades are not getting taxed since many countries have yet to establish its taxing system for Bitcoin,   I agree that Bitcoin startups offer job but I don't think it has a huge impact on the employment statistics of a nation.

you have a point but that's not necessarily the reason why the governments around the planet aren't so keen about accepting bitcoin and cryptocurrencies for that matter. It's the fact that most of them are decentralized and to them "unruly" that really grinds the government's gears. They can't control the currency even if their whole lives/systems depended on it, so it's either they allow bitcoin to operate within the country willy-nilly, or they ban it so they don't have to deal with the legal repercussions if bitcoin was used for anything than what it was initially intended for.

Anywho, it's always going to be the people who will decide whether bitcoin is to remain operational or not, some countries may ban bitcoin outright without asking the public's opinion but democracy is a thing in almost every country, and unless everyone unanimously agreed that bitcoin's no good, we can rest assured that it will persist and exist.

I might agreed with to some extent because the first time when most of the government banned bitcoin they thought that bitcoin is an illegal innovation but later when they discovered that bitcoin is not illegal, most countries accept it indirectly and I am using my country as an example. My country CBN banned bitcoin and later, the vice president of the country suspend the ban though the ban is still have effect but it is not as serious as the first time again. And now government understand bitcoin very well and the only thing that holding them down not to use bitcoin is the fear that bitcoin will dominate the Fiat currency and they can't control bitcoin because of the decentralised nature.

Maybe wealth tax, in some countries people who have more wealth than tax standardization will be charged wealth tax, and when someone keeps their wealth in the Bitcoin it will not The long term in a safe wallet will not be taxed.

Next is the possibility of money laundry that can be done using bitcoin, like a very strict policy in my country about the conversion of currencies and or sending and receiving crypto, but that only applies to centralized exchangers.

Banning Bitcoin does not mean that it is an illegal currency but the government thinks that they ought to control the market and the first thing they need to do is to limit people from having access to Bitcoin so that more users will have no option to transact Bitcoin as a method of payment and services. The government knows how they do there thing and we shouldn't be surprised if more countries would have to put limited restrictions on Bitcoin so that it would not have affect on the economy. The government don't to ban Bitcoin but rather they can regulate it and get there tax from it..

The development of bitcoin is not something bad, but because bitcoin has a decentralized system, which means that it cannot be controlled by one party, the government issued policies to suppress the development of bitcoin, such as banning, prohibiting using bitcoin as a transaction tool, and others. Apart from that, quite a lot of people use bitcoin for illegal and other things, making the government create policies that put bitcoin in a corner.

There will be no government that does not want to accept technological developments, and with the presence of bitcoin, it is certain that they will have to accept that this is a reality that is happening. I really agree with you that Bitcoin is not a bad thing because it also helps for many purposes, but there is still an obstacle that the government cannot control properly. So it's not surprising that there are still many who enforce very strict regulations to prevent abuse by many people for interests that the government doesn't like.As long as the government is willing to make strict regulations, there is no need to worry, although goverment must remember to always stay updated on developments that occur.

Even in countries with better economic conditions, there is negative publicity about Bitcoin. I don't think any country's government wants Bitcoin to have any effect on their economic system. A country's government can control its economic system in any way it wants. Only to keep the economic system in their favor, the government of that country accepted Bitcoin as another medium of their country's economic system. Some countries do not directly accept Bitcoin, but a significant number of people in those countries use Bitcoin. It's only a matter of time before Bitcoin dominates the economic systems of various countries.

Government literally want and accept any new technologies or innovations that could help the economy of a country. They cannot deny that these digital currencies have helped a lot of people with their financial which bounce back to the economy. Still they are not yet ready to fully acknowledged them due to they are still considered as threat to existing fiat currencies which also have negative effects to the economy because that's their resources their own currency such as USD. Indeed that government are taking a restrictions and regulations but some country won't fully banned it since they are still a help lowkey cause they are decentralized. For government govern for a long time for sure they have a lot of ideas and information so in short they are not dumb on how crypto works and would literally have analysis as well.

I agree with you. I came from a country whereas whatever to be approved by the government is usually something they could be in control about with the aids of legal rebellion of the Bitcoin holder. They put to banned Bitcoin after looked forth the future where they have no better economic plans for the nation with a conciousness of Bitcoin not taking over their depreciating currency since Bitcoin is already a wide spread range with the potentialities to enrich the holders.

Both are good and useful things for us. The government provides us with security, stores, roads, schools, hospitals, and many more things, which help us to live. Bitcoin is like a business, if you invest then you can make a profit, and sometimes you should pick a loss in bitcoin. This same thing in business.

But, Bitcoin is the best thing for money.

We all know that bitcoin never happens to those who try to hold it or have it in harm's way. And some countries then, and until now, there are still countries that do not fully understand the concept of bitcoin. So they are not open to it. That's why others banned it and eventually lifted their ban on Bitcoin.

If we look at it, Bitcoin is not fighting; instead, the government is even harming those who believe in Bitcoin when they take steps that affect bitcoin enthusiasts. They are even harassing, but if the government will take a good look at its good concept and features, it will actually make a good contribution to the country's economy.

Although many governments do not recognize Bitcoin as legal, they allow its trading. Large institutions and companies investing in Bitcoin have a role in this situation. States cannot ignore Bitcoin. Many states have done this so far. They acknowledged the existence of Bitcoin.

As time progresses, Bitcoin's existence will be accepted and formalized by more states. States need to keep up with the innovations brought by Bitcoin rather than running away from them.

Maybe it's like that. But actually hiding assets or the like is even easier if they are in fiat or gold. Because there will be no written data if we transact offline with fiat and gold. So we can store gold and fiat in a large safe underground without anyone knowing. But through cryptocurrency every transaction is recorded in the blockchain and it can be traced in fact I feel it is more transparent than the usual fiat transaction process.
Even crypto wallet ownership can ultimately be traced if it has a transaction history with a centralized exchange that also uses KYC or something similar.

And actually it would be better for the government to implement clear regulations on crypto so that they can get tax income from every transaction carried out on an exchange registered with the government. And even if the government is hostile to crypto then this will only make its citizens transact secretly. And in the end the government will lose because it doesn't get any tax income. If regulations regarding crypto have not yet been made.

One of the reasons but not really the main reason. Other reasons why government fight bitcoin are:

• Inability for the government to control bitcoin.  What the government cannot control is  threat to it.
• The volatile nature of bitcoin
• Difficulty in taxing bitcoin transactions
• Tendency of using bitcoin for bad deals

Among others. But if government will understudy bitcoin an crypto and learn how to deal with it, they will make so much money from crypto.

Even with its enormous potential for revolution, cryptocurrencies arent a perfect solution to all of the world's financial problems. The claim that gold and fiat can be concealed more successfully? Yes, on the one hand, no digital footprint was left. Physical assets, however, are subject to seizure, theft, and destruction.

You are correct: every crypto transaction is recorded on the blockchain. Do not deceive ourselves, though. Privacy coins and anonymity techniques are available. They have the ability to obscure transactions, negating the transparency of public blockchains. But who right now are currently use advance crypto like Monero? 

Furthermore, the notion that states had to merely "implement clear regulations"? Said to be easier than done. It goes beyond tax income alone. It has to do with international commerce, crime prevention, and financial stability. Instead of oversimplifying things, its time we faced the reality of the situation.

Too bad most governments fail to provide those stuff you've mentioned especially if it doesn't benefit them or make their pockets bigger. I don't know about you but I think bitcoin isn't that whatever you're talking about, bitcoin's more than that. The reason why bitcoin isn't on a friendly terms with the government is because bitcoin is liberating people from being dependent on them and they know this that's why any big moves that bitcoin takes, they have to be watchful because if it goes awry, it's bad for them.

The government has used frame works to regulate the use of bitcoin but it can't be regulated by the government because it isn't controlled by the government.The government has also gone extra mile to ban bitcoin.Fiat currency are controlled by the government and the central bank that's why only the government has the authority to regulate fiat currency,but has has no means to regulate bitcoin.Since the government has not accepted bitcoin as a legal tender, bitcoiners use peer-to-peer network to trade,sell and buy bitcoin without the third party like banks and government.The first country to accept bitcoin as a legal tender is El Salvador.The reasons why government hasn't accepted bitcoin as a legal means of exchange are;
1.Every individual will be privileged to control their coin in their digital wallet and will no longer be controlled by the government,so with that fear most government hasn't accepted bitcoin as a legal means of exchange.
2.The fear that the controversial currency (Bitcoin)will take over the fiat currency.

The beauty of Bitcoin is this: It can't be controlled. As soon as we understand that the government doesn't exist to benefit the people, but rather they only think about themselves, your mind changes quicly.

My country is one of the most corrupts in the whole world, and they always say that everything they do is for the people, but we all know it is a lie.

   Bitcoins weakens governments authority over its citizens of his country to avoid being stopped by capital control caused by it,and facilitate immoral works by assisting criminals stay away from  discovering .Bitcoin can be capable of becoming real to throw a  change in the existing basic framework system andcause to be unable to continue existing  or working in the desired way,and it also bring  out three challenges to g overnments authority that is can't be regulated, criminals use it and also helps  citizens avoid from being stopped by capital control . Bitcoin is complex and goes round .

   Cryptocurency have an important strong effect on traditional banking by being unable to continue in the normal way and existing way of payment, more secured and efficient, avoiding bank fees.

   Governments are not having complete trust in Bitcoin since it might harm their control over the money system.

Until now there are still governments that don't like Bitcoin like the US and other countries that don't understand Bitcoin and no one else thinks about how they can control it which is impossible in reality.

Then if we look at Bitcoin is a friendly opportunity, it is only abused by other governments, which the government can harm while Bitcoin can't do it because we may be in full control while the government is always the one who wants to control what they think they can benefit from.

It’s not a misunderstanding. The government is restricting it because they understand it. While I like to think that they ban and restrict it so they can be in control, I also see that there are worries about cases where people use Bitcoin wrongly (to even pay for illegal things) and due to anonymity, you cannot trace it. Also, the government likes tax, they know that Bitcoin not being able to be traced wouldn’t let them take their cut of one’s money. Over time, more government will come to terms with Bitcoin, you can tell if you compare the present to the past.

Exactly! But to add to that, the government can't accept bitcoin or the use of crypto currency because it will take a long time before it can be mainstream; what I mean is, before it can be implemented by a large crowd, it's not easy to understand crypto currency. That's why even the government knows how this technology can help; they choose to ignore it as it can't be easily used by anyone, and they are aware of how powerful bitcoin can be; it can dominate the fiat currency if they just let it be regulated or accepted. But we bitcoiners are still not losing hope that someday the world will be cryptocurrency friendly so that the illegalities of crypto currency will be ignored and we can just focus on how it can help many people. But even without the recognition or acknowledgement of the government, we are still free to access bitcoin, as they can't stop us from using it; they don't have the means.

A bit of the government do understand bitcoin and a bit of the government don't understand bitcoin, I think that you've almost covered all of the possible reasons on why they ban it because they understand bitcoin so I'd like to take on the reason why they ban it because they don't understand, it's just my opinion so feel free to correct me or something, just don't hurt my feelings.

For me, the reason why I think that the government bans bitcoin because they don't understand it has got to do with xenophobia or the fear of the unknown, they don't know how the technology fully works and how they can utilize it to the means that would serve their interests be it selfish or altruistic, also the fact that the government have a hard time approving new technology means that they're going to do the same with bitcoin here, it's going to be full of red tape and bureaucracy. Hopefully, I'm just being delusional about these assumptions that I've talked and that bitcoin is doing just fine when it comes to it's relation with a lot of government, they'll eventually give in though, look at what's happening to Argentina with a pro bitcoin president.

First of all,the government is the country and the country is the government.Therefore whatever is not in their control or under their supremacy should not be in the same space with them.The thing is they are the government and they always seem to want to be in charge.
 
They are the body of the people,the rule of law in fact;Every government has its own constitution or a set of fundamental principles that it follows to ensure effective governance.But once they noticed something trying to overrule or overpower their governance,they'll ensure they terminate its existence.
 The case of bitcoin is different,I think the governments are afraid of bitcoin because bitcoin system denies them the right to operate and have authority over its transactions.Because of that, they take bitcoin to be in a competition with the fait system they're in charge of.They 're afraid of it exposing their mischievous financial plot to the economy.

That is correct, because before there were other countries that banned Bitcoin, and then later the ban on Bitcoin was also lifted. The question is, why did they withdraw? and they suddenly adapted bitcoin to their country. It's clear that they didn't understand Bitcoin when they first heard about it.

Because maybe when they first encountered it and heard it, what they thought was that they couldn't control it and had no benefit from it, or maybe they also thought that it was a threat to their country, but the truth is that later they realized that it would actually help.

Actually government sees Bitcoin as a threat base on the fact that since it's decentralized, they can't be in  control of it, and secondly, the existence of Bitcoin made almost near impossible to ascertain how much an individual is worth, if they want to track the finance of someone that' uses Bitcoin, that's why they still find it difficult in some countries to legalize Bitcoin in the society.

We as Bitcoineers just know that the more they fight it, the more it gain popularity among people around the world.

Obviously the Government of the world are constantly fighting against it there’s an obvious division some want it gone because it threatens their failing financial systems while others who have been looking for an answer to the failing systems are grateful to Satoshi
Eventually Bitcoin will fulfill it’s destiny and rid the world of the failing financial institutions used to oppress and impose different negative ways to under developing nations around the world, I hope that as we grow many more people will get to understand Bitcoin and see it for salvation it is rather than what the destruction the government's make us think.

I'm sure the government really understands bitcoin and how it works.  If the government really didn't understand and seriusly rejected bitcoin, we wouldn't be able to find the current bitcoin markets that bridge fiat and crypto.  However, there are various things that prevent the government from making it a legal means of payment.  perhaps due to significant changes of bitcoin value that make it uncontrollable, so it becomes chaos when the value becomes too high and drops suddenly.  I am very happy that bitcoin is used as a digital asset where only a community of people who understand it using it. So when sometimes bitcoin falls, it is only the community that has effected and it will not be a disaster for a country. So, just enjoy what is happening now and be grateful for it. Correct me if I'm wrong¡ ;)

They do not fail to understand, but are too afraid that people will abandon fiat currency because Bitcoin can provide certainty, so various framings are carried out to create a negative impact on it. As time goes by, people realize how Bitcoin has gained such huge adoption throughout the world even though some countries have banned it.

Which rule do you mean is unreasonable? and bitcoin does not harm anyone if the individuals involved in it are not trying to commit a crime. Bitcoin is much more independent for itself and bitcoin can also survive in the midst of inflation and recession, just as gold tends to be unaffected. It's just that people don't see bitcoin as a general step for investment because it talks about volatility, but when they study it they get an idea of how bitcoin can have the same impact in maintaining the value of the investments we make.

But I don’t equally think that understanding bitcoin is difficult. It’s basically copying one’s wallet address or even scanning it, and sending money just like you would to anybody using a bank. So, it isn’t difficult. The government knows that it will affect the fiat currency with which they operate. That’s most likely the case. People will care about the fiat currency and I believe it will result in losing its value.

It is true government which talks about development for the welfare of the people is totally false. They have taken every effort to increase their own funds, and want to absorb the country. Rather, my country is a developing country where almost people are engaged in Bitcoin investment. Investing in Bitcoin is definitely a success or failure. I have proven it to be true and I myself have invested in Bitcoin and seen some profit from it. Governments do not show interest in Bitcoin and do not prohibit people from using Bitcoin. So Bitcoin seems to me to be the last one rather than government policy and one can invest in Bitcoin in their own right.

You seem new, so you can take help from the board.

Beginners & Help: https://bitcointalk.org/index.php?board=39.0

In terms of the potential that Bitcoin has created, it can be said without a doubt that Bitcoin can't cause anyone's damage. Some governments think that once Bitcoin is legalized around the world, people will only be hooked on using Bitcoin. As a result, they will lose much of their economic control. Because they are unable to control Bitcoin, Bitcoin is not a government asset. So they don't have the power to control Bitcoin. Due to which some governments have made Bitcoin illegal. But currently Bitcoin has managed to create as much dominance as. It is likely that the government will enter Bitcoin in a very short period of time.

if the government loses control then they will lose a lot of profits as with fiat, so it is difficult for them to legalize bitcoin, but by seeing the increasingly rapid development of bitcoin then they get new land to pay taxes from bitcoiners, and of course as citizens we can only follow the regulations made by the government where we live. but at least the government has not banned all bitcoin activities, so bitcoiners can still move to make a profit and the government gets tribute

I think you are wrong. Government don't misunderstand Bitcoin or the concept of it innovation, but due to the inability to control Bitcoin and it decentralized nature, is the reason why they dislike it. Another reason is that they see it as a  scam attempt to defraud many people since it has no account number like bank which you could easily trace people ACC and their activity and also correct some issues. but in crypto currency if a Bitcoin is lost to a wrong wallet it will be difficult to reverse and if it's large fund , you wouldn't be able to reverse it.

The government has always wanted to control everything which I think it won't be as easy as they want and now the same government placing bans and restricting are still the same thing. and the government understands it wants it to be able to regulate. if not the government is selfish you did not create it but you want to be in charge of it that is just the government for you. some countries are strictly against using Bitcoin and if you are caught you will or might be punished but that does not stop people from using Bitcoin and we all know that in some cases bitcoin is used wrongly but where there are good eggs there are also bad eggs.

And the anonymity makes it more interesting because if you look at it now nobody gives a damn about who you are in a transaction with and that is what makes it more interesting but we all should not forget that anything good also has its bad side. another major truth is government also wants to make money out of everything and that is why they want to be involved just because of the tax they will make from it. and over time most governments will have a choice than to accept it.

Yes, governments are unable to control it, which is the main reason why bitcoin usage is restricted in different countries. There are few governments around the world that have seen the better side of bitcoin, and they are positive about it. As a result, countries like El Salvador have begun to consider bitcoin as a legal tender. Based on this, we can conclude that governments don't misunderstand it, but they want control over it.

All governments understand bitcoin, its pros and cons very well. But there is a huge difference between bitcoin and government: bitcoin is decentralized, while the system the government is creating is centralized. So it's not too difficult to understand or surprising that they don't like bitcoin becoming popular or widely used because then it will hinder the operation and management of their centralized system.

Regarding El Salvador accepting bitcoin because they are a country on the verge of default, they have no solution left to save their country. They saw bitcoin as the last resort to save them and luckily things still progressed as they expected.

DECENTRALIZATION! ;)

Recently some countries and governments already supported the use of Bitcoin or even the cryptocurrency itself, actually bitcoin isn't a threat its just the abuse of the people mishandling the use of the cryptocurrency and the reason why they need to regulate the use of it, people will comply or they will banned or prohibit the use of it most cases scenarios are like this but in total its beneficial now widely spreading the adaptation of the cryptocurrency and could be good for possible efficient way to pay for stores, establishment beside from use for an investment and trades. Its all about how people use the bitcoin so they can be use as good tool.