Bitcoin Forum

Government and their fear for Bitcoin!

Bitcoin as a decentralized digital currency that operate without a financial system or without being controlled by the government is really creating panick and fear in most government officials.

The government just want to be in charge of everything, from monitoring your transaction to knowing how much people are worth financially, but Bitcoin is becoming too powerful for them too handle, which to me is understandable, but to them it's a ugly reality.

Financial power and control is returning back to the people, which is a welcome development.

The sweet reality is that Bitcoin is here too stay, if they ban Bitcoin the mass will rise up against them, so they are just looking for a way to contain the influence of Bitcoin and discredit it.
 To me Bitcoin is one of the best thing that has ever happened to finance because everyone loves privacy.

One thing I love about Bitcoin is that when the haters voice grows louder and the value drop base on their policies, just to attack it, Bitcoin still fight it way back up,

Please the government need to know this, they have already lost.
All the bitcoineers cheers

And you're contradict your own statement, do you think Binance is a no KYC exchange? now Binance is able to monitor the coins you have in your account and sooner or later they will working together with government.


Someone who love privacy will never share their KYC, you're one of bunch people who don't care about privacy :P

Which government  ::) ::) Bitcoin is not a political movement or a union group to make the people move in revolution. Also, many Bitcoin users adhere to the laws and regulations, and most of them pay taxes. It is true that the expansion of Bitcoin will reduce government control, but caution and the availability of options that enable it to achieve a good return from the strike may make many governments choose the path of making Bitcoin legal and it is necessary to report what you have to the authorities, which does not reduce the decentralization of Bitcoin.

If governments want to harm Bitcoin, they can start sabotage attacks, but why would they do that when they will not make any profit from it? Bitcoin is not an enemy of a country.

Because of the innovation they witness now, including the blockchain technology and what it can do for the economies of all countries who adopt it, perhaps every nation is currently moving toward digitalization.

For instance, the president of the nation I belong to is accepting of digitalization and the potential changes it might bring to the people. As a result, Bitcoin and other cryptocurrencies are not treated differently by our government, which is a significant deal for the crypto aficionados in this country.

Bitcoin is not in competition with the government so I feel we should not make it look as though there a battle between the government and Bitcoin. Without mincing words, so long aa Bitcoin is expected to be used by citizens of the various governments, there is no way government will not be involved. 
What we need is collaboration with the government to make Bitcoin legal tender in various jurisdiction...when this is achieved, things like taxation will be fixed and everyone will be happy. As it stands now, SEC, a government agency is still very much key to the approval of Bitcoin ETF that is projected to play key role for the future of Bitcoin.

Yeah?
When where the Chinese protesting against the ban on mining, on exchanging, on RL usage?
Where were the protesters in Morroco or Egypt?
40 million so-called users of crypto in Nigeria and there wasn't even a gathering of 100 to protest the CB decisions
A board full of people from Bangladesh and have you seen at least one banner in the capital central square protesting the ban?

Get realistic!
Protest will happen only where people know protest will achieve something in those countries Bitcoin is not banned and probably will never be banned at all, in shitty countries total dictatorships like NK or Iran where everyone covers in fear of not getting hanged at the slightest mistake you won't see shit protesting.

Besides, there is also a real inconvenient truth, most of the warriors and revolutionaries in the crypto space are just keyboard warriors.

Governments can not seize your bitcoin in your non custodial wallets if they don't arrest you.

They can not KYC all Bitcoin wallets and addresses because with open source, non custodial wallet, people can create many Bitcoin wallets, own private keys. They can do it offline without control and approval from governments.

You will only have problems with governments if you use centralized exchanges with have KYC policies now or will have those policies in future.

Reminder: do not keep your money in online accounts (https://bitcointalk.org/index.php?topic=5421039.0).

In my opinion, instead of being afraid of Bitcoin, any government should invest to strengthen its economy. The main feature of Bitcoin is that you have complete control over your capital, and you will not face any problems in any unexpected situation, but since there is no physical status of Bitcoin, no matter how much money someone invests in Bitcoin, the government does not get any profit from it.

I think one of the reasons for the fear of the government is that if a big investor invests his capital in a production industry side instead of Bitcoin, then the government will get tax as well as employment for the people. There is also a possibility, from which the government gets benefits from both sides. Both the government and the public are happy with the investor, and such investment is encouraged. On the other hand, the government does not see any benefit from investing in Bitcoin for itself and the public.

They're not even ready to accept it, don't expect them to invest in it.  if the government accepts and makes it public that they also invest in bitcoin then the entire population will invest in bitcoin.  people will stop using fiat, stop using banks, will the government still exist to enjoy profits from bitcoin?  Governments oppose and ban bitcoin simply because it is impossible to control it, so don't expect them to invest in it and encourage people to invest in bitcoin.

You will not face any problem in any unexpected situation? Can you elaborate on what you mean by that? Are you not aware of the hacks going on in crypto space recently? I don't think that it's the tax government that is making government to keep contemplating on whether or not to give green light to the adoption of bitcoin. Whether you have bitcoin or not, you're paying tax directly or indirectly. Government of Arab countries most especially the Islam practice ones perceived bitcoin to be illegal as it is not traceable which I think it's the reason in some other states as well. They consider bitcoin as a support of fraud.

Frankly speaking, scammers are hiding under the umbrella of bitcoin to continue their fraudulent activities and disguise as bitcoin investors. It's trending in my state now. Internet fraudsters use bitcoin to cover up. For things like that is why some government are yet to give approval for it adoption. Despite the the advantages they focus more on its otherwise.

They were only perplexed because this digital currency will bot be under their own regulations because it's a decentralized digital currency and sane applies to it blockchain network, there's no way of having any centralized control over the use of bitcoin, everyone is independent and fully in control of their financial assets with bitcoin.


Obviously the government realized that bitcoin has gone beyond what they thought it could go or reach, now they have nothing to do in stopping it growth and this is a global benefits the people enjoys and wanted, this is when we realized that the people has power than the government themselves because they are the majority, this is why they cannot pull bitcoin down except it does that to itself which is not possible.

We all see the government's concern over Bitcoin and other cryptocurrencies. Do you think the government is tracking Bitcoin transactions? Remember that its decentralized but not anonymous. Perhaps they're already working on it.

Many share your passion for Bitcoin's resiliency, and its encouraging to see your faith in its ability to survive government meddling. However, its crucial to monitor the changing scene. Governments worldwide are trying to regulate cryptocurrencies, which could affect financial independence for many.

You emphasize the necessity for constant awareness and flexibility to sustain Bitcoin's financial freedom, which is valuable. But also prepare. Government control vs. cryptocurrency freedom is just started. Though they lost the first round, its early.

Why do we need to make it looks like bitcoin is enemy of government? Both can work together if bitcoin will just gain positive adoptions coming from big merchants and other big institutions. Also they are not afraid of bitcoin's existence its just they are not sure about its true usage and for now they have impression that bitcoin is use for financial crimes like money laundering and etc. But if they would know that something great happen in this technology and see peoples lives change for sure they are also going to adopt it and put some law that can protect all bitcoin users or rather the whole crypto industry then think about putting some taxes so they can get benefits for this adoption. For now don't get confuse about what you see since its normal reaction for regulators that want to protect their citizens. Focus to earn more bitcoins since this kind of thoughts is not worth to think about and you will just get stress on that scenarios build up on your mind.

That's how they stay in power, whoever controls the money has the power to control everything because much importance has been given to money (in their various forms) than any other thing. This is the reason the government don't what to recognize Bitcoin because when they do they'll be giving back power to the people and there'll be nothing else to control. The government are centralized so automatically they would hate anything that isn't centralized and they can't control but this system isn't going to last long any more because many people are becoming enlightened about the importance of having control of our finances and not depending on third party system like the banks.


They can't ban Bitcoin to be specific because Bitcoin is decentralized and not centralized like fiats, they can only ban or regulate centralized service that are associated with the industry like centralized exchange, wallet providers and other services but if we stay away from those service and only use non custodial service like wallets and P2P exchange, we won't be having any difficulties enjoying the full benefits of the Bitcoin. With the current rate of awareness Bitcoin already has, if the government tries to ban Bitcoin, they'll be shooting themselves in the foot because it'll only create more publicity for Bitcoin and brings about more adoption of the currency globally.

The government tries to control it from the outside according to the power they have. They are still trying to research creating regulations that still provide room for crypto to continue to grow except China. Many countries are starting to adopt Blockchain technology and are ready to create CBDC. But China seems to have strictly prohibited its citizens from having anything to do with crypto, it seems to be working. So I think the government has a little stronger power in its scope of power. This means that if the whole world bans cryptocurrency then we cannot avoid continuing to use it. CMIIW

We cannot dispute the fact that bitcoin has stood the test of time. One can comfortably say it is the hope of the common man since the value of fiat keeps reducing. Other securities,  stocks, bonds or commodities over the years have not sufficiently proven to be a good store of value. Bitcoin is the real multipurpose digital gold.

Definitely, the government cannot completely ban bitcoin. But I do not also believe bitcoin and the government are at war. Satoshi himself did not create bitcoin to be at war with the fiat, rather to complement it. What the government is trying to do is to regulate bitcoin and other cryptocurrency exchange in the country.

We are not ignorant of the fact that many criminals and fraudulent people are using the bitcoin platform to carryout their criminal and fraudulent activities because they know these transactions will be difficult to trace or not traced at all. If all this are not curtailed, then no one is safe

Th

We're not sure since government are actually ahead and much informed into any technology, they might be aware on Bitcoin existence and tried to explore crypto industry, in short invested at it. Cause they wouldn't ban it if they aware of it's benefits, only think that hinder government to acknowledge Bitcoin is the decentralization and threat to fiat money. They wouldn't really admit investing at it cause for sure it would be questionable for their part to gain profits from a decentralized system which doesn't include taxes. If any people in the country do the same thing, there would be no more source of funds in the country causes the economy to collapse and would be the domino effect.

They have every reason to be affraid especially that Bitcoin could disrupt the revenue collection that comes from taxes and the alike.

Besides, you know how our goods and services have value added tax for example, with Bitcoin it could mean consumers not paying this in trying to get cheaper items and government losing out on this revenue source which makes them not want to have Bitcoin near them.

We might not like these systems, but it's the only way to guarantee that monies are collected to go towards health care, building public infrastructure schools etcetera and having BTC as the main currency I don't think it will be possible to address these necessities.

My thought too.

We live in a digital age that has cryptocurrencies very much part of this era and the best the government can do is draw up a legal framework for them...

The government of most of country still fear about the decentralised behaviour of the bitcoin.Because many new people start to inverse by seeing the decentralised behaviour of the bitcoin.This was the root cause of bitcoin survive over a period of 10 years.Now we are looking for the next pump in the bitcoin,the long term holders was waiting for the next year pump.Once the price of the bitcoin reach the all time high,we can do the sell of the holding bitcoin in the next year pump.

I'd say we're still in a state of war with many governments, like in the US a number of politicians supports bitcoin but there's some that are against it and are trying to build their careers on being crypto haters.
Some of these people rarely talk about any other important matters but when it comes to cryptocurrencies they're as vocal as ever. Fortunately most of those haters are past 70 so they lost and bitcoin won, the way OP said it. They are running out of time but bitcoin can go on for decades.


Really? Tell that to China. Guys, unban bitcoin because I know that deep inside you know it's your friend! :D

We assume that bitcoin since its a decentralized currency it can not be controlled or abolished by the government, what I want us understand is that Bitcoin as a decentralized does not matter if country like USA, Russian , China team together to bring the structure of bitcoin down they will not succeed, they will succeed by applying a formula, so their is nothing government can not do, let us remove the concept of bitcoin can't be controlled or influence by the government.

If government wants abolish bitcoin the love of people in bitcoin can never make government to retrace back of not abolishing bitcoin, their is one thing you need to understand in cryptocurrency, what need to know is that the privacy we emphasise concerning bitcoin is true but think of the disadvantages of bitcoin and how people misuse bitcoin for transaction across a nation, the aim or objective of satoshi to introduce bitcoin as a decentralized currency is quite right, but people are been scammed with bitcoin, so therefore society is misusing bitcoin.

You can see that in some countries they have already banned it to the extent that if you were found operating it in public you will be jailed just because they cannot have control over it. I believe that most governments understand bitcoin better than you do. Bitcoin has not yet been outlawed in my nation, but it was relevant enough that if you were caught using it, you would be paying some charges. In 2020 during Corona they made a banned on bitcoin but they see that it has passed their power they can't have power to control it, now it's allowed to be used privately but not in public. However, the reason why they want it to be illegal is that they want to have control over the youth in everything they are doing.

I think that bitcoin will rule the world because it already has started to rule, and it will surprise all the governments to the point that all the countries will allow the use of it. But, they have reached the point where they want to have a hand in every transaction that everyone using bitcoin made; they will charge them and be having some taxes. stating they are protecting the youth from getting scam.

Some governments and those who are getting most of the benefits of the status quo, who are threatened by the rise of Bitcoin, are looking for ways to discredit Bitcoin in some ways not because they're afraid that if they ban Bitcoin the masses will rise up against them, but because they cannot ban Bitcoin. That's the real reason. They're not afraid of the backlash of banning Bitcoin. Theirs is the money. Theirs is the power. Their real problem actually is that they cannot ban Bitcoin. Whatever they do or whatever policy they implement, they know that they cannot prevent Bitcoin from growing or their people from acquiring Bitcoin.

Soon, I'm waiting for the famous quote - "If you can't beat them, join them". By this mean, we will see a lot of governemnt will start to adapt Bitcoin, they will start to become Bitcoin friendly especially on their jurisdiction. We are still early and still lot of room to grow, just a matter of time.

Overvaluing Bitcoin's strength is a hidden issue. While governments may appear confused and restrictive, they may be adapting. They're observing, learning, and adapting to capitalise on Bitcoin's momentum.

Think about it: If Bitcoin rules and nations openly embrace it, wont government oversight change? They will tangle it in paperwork and taxes. The story of governments responding to change is old. While Bitcoin is growing, its important to be aware of and anticipate its various moves on the global chessboard. Bitcoin's global dominance should be seen with humour and salt. Hope, scepticism, and adaptation coexist. Always be aware and informed

Indeed, I think bitcoin has grown beyond the control of governments, they had no chance of stopping its growth or preventing people from using it. Although the majority of governments have gradually accepted it, there are still some governments that are still stubborn in preventing their people from using bitcoin. This only brings more damage to the government than the people because people still silently use bitcoin without having to pay any taxes to the government. Governments that ban bitcoin should realize that and put in place appropriate regulations instead of continuing to stubbornly ban bitcoin out of desperation.

Governments' stance on Bitcoin varies but not all governments hate it. Some do express concerns due to a few reasons. The decentralised nature of Bitcoin challenges traditional financial systems potentially reducing government control. The pseudonymous transactions raise concerns about money laundering & illegal activities. The volatility of Bitcoin's value can worry governments seeking stability. The potential impact on national currencies & central banks' ability to regulate the economy might also be a factor. Governments' attitudes towards Bitcoin are evolving & some are even exploring ways to regulate & incorporate cryptocurrencies into their economies.

This has been the reason why most experienced Bitcoiners on the forum discourage new Bitcoiners try avoiding or limiting their steady interaction with some centralized exchanges or platforms that deal with Bitcoin, since those exchanges require Bitcoiners ID verification to perform KYC purposes, and all these IDs can easily be used by the government to track a user down to his location with the help of those exchanges because those exchanges normally have users IP addresses stored in their database, so if they decide to release all the information to the government, they can use it to fish out Bitcoiners and the amount of Bitcoin they have purchased so far from the exchange.

Agree, for example Indonesia, initially this country banned Bitcoin not because it considered Bitcoin an enemy, but because there are many things that the government cannot control here, such as the flow of funds and their use. It is common knowledge that in the early days of Bitcoin, Bitcoin was widely used to carry out illegal acts such as illegal arms trading and terrorism. Currently, Bitcoin has become legal in Indonesia, although it is still illegal as legal tender, but we can calmly own Bitcoin in a regulated manner.

That's right, how many countries banned Bitcoin after a short period of time? They also revoked their ban on Bitcoin, and then after they revoked it, they adapted the concept of Bitcoin. Recently, this country, China, recognized Bitcoin, while before they were all against cryptocurrency.

This is where we can see that Bitcoin is really different, because we know that the country of China is one of the most powerful countries in the world, but in fact, now it fits what you said, "If you can't beat them, join them," and it looks like that's what happened in China.

My point of contingency was that if a country's economy sinks badly or the threat of a war increases, most countries restrict withdrawals from banks, and you cannot withdraw more than a certain amount from the bank. While Bitcoin is at your disposal, you can transfer money with your password whenever and wherever you want and as much as you want.

Online buying and selling and transactions of assets often have the risk of hacking, so caution is required in such a situation, a small mistake can lead to our big loss. Scammers are everywhere, if you keep doing online transactions from your bank, there are also many people who get hacked. It is not limited to crypto currency or Bitcoin. I think if crypto currency and Bitcoin are brought under the legal framework fraud can be controlled.

The concept of Bitcoin is decentralization and that is what the government is not happy with, and it is understandable why so. But the Advent of cex, where one has to pass kyc, before you can transact, are we not going the ways of conventional banking system?

Bitcoin needs to coexist to the government since we people is under the government. I understand the logic behind the hate to Government(except if your country government corrupt) while Bitcoin is destined to be regulated since there’s a lot of fiat currency flowing in crypto market that needs to be taxed or else you want to commit laundering because you are hiding from taxes.

I prefer proper regulation by the government instead of going against them since we can’t win against them no matter how centralized Bitcoin because we still need to convert our Bitcoin to fiat in able to use it. There should be no vs to these two but rather co-existence is much better Bitcoin decentralized feature can’t be remove even with touch of government.

Well, not everyone who knows about bitcoin knows how to transact like how it was used to be back then, there are old people out there that probably want to buy bitcoin but they have a limited understanding of how to move their bitcoin and CEX just so happens to make their lives much easier. I don't think that we're going to be going back to the conventional system because in a conventional banking system, even if you store your money for a long time, the growth is probably not enough to buy you a McDonald's meal for five people unlike with bitcoin where the volatility could lead you to be able to afford that meal in a short span of time.

Yes. Not only is the value of cryptocurrencies increasing, but the profile of the currencies themselves around the world is also increasing, so traditional banks, financial institutions, and government bodies are starting to take action. Well, I think the government should now have a blockchain research team too ;D ;D


Public interest is increasing in this regard, although in some places there are still government prohibitions, users can also get around this, meaning they can also buy bitcoins from bitcoin exchanges or online brokers, directly from other individuals, or from ATMs. But, fiat money is backed by governments that have a strong interest in keeping their value relatively stable

But that friend does not change the decentralization that is in Bitcoin you can still get bitcoin without going through CEX, Dex can also rely on to get bitcoin if the problem is that. The case you mentioned is only on user anonymity.

Systematically CEX governance is indeed similar to conventional bank, we have seen it. IMO

When some governments try to regulate Bitcoin they fail. But they try to detract attention from Bitcoin with unnecessary slurs. But nowadays that scope is no more as the general public has now acquired proper knowledge about Bitcoin. The government cannot stop Bitcoin in any way. Some governments have already taken a positive view of Bitcoin. But I think with time governments are also raising awareness so we can expect to get support from governments around the world.

Bitcoin is playing a supporting role in various aspects including financial freedom, transaction freedom and in security aspects. Hence its popularity is increasing day by day.

 The government will continue to see bitcoin as a threat, cause they always want to have the power to control everything. Bitcoin being a decentralized exchange has been a major key way to financial freedom. People don’t have to report to financial institutions anymore because of this. Bitcoin has made it very easy to make payments and even transactions swift. The government despite their effort to slow down the use of bitcoin and blockchain technology can’t seem to keep the growth of this fast growing technology because of its benefits. It’s true Bitcoin is playing a supporting role in the economy right now.  Country like the El Salvador have adopted the use of Bitcoin which is a very big step for other countries too to follow. The world power countries like the USA, China and other part of EU are scared the Bitcoin will affect their place in the marketplace.
 Government just need to work in handy with the developers of this project to see how they can develop and keep this project afloat. Cause Bitcoin has its potential and advantages and can also help talk inflation. It can also help to improve the standard of living and boost the economy of society. Bitcoin will always have it way to shine no matter how hard the government try to suppress it. The community will keep growing by the day.

All matters relating to the government in a country will definitely be related to the rules, legal basis, laws and control of the respective government authorities for that purpose. So whatever activities there are in that country must be in accordance with existing regulations. in that country.

Regarding Bitcoin, we know very well that Bitcoin is decentralized. The government cannot control it completely, it can only make laws and regulations that may limit the use of Bitcoin. They won't know how much wealth their citizens have hidden in Bitcoin and won't be able to trace it. What the government does is make policies that are mutually beneficial.

And this may vary from country to country. On the one hand, there may be a government that actually prohibits Bitcoin 100% for anything. but on the other hand, there are countries that allow their citizens to carry out activities related to Bitcoin and crypto generally, such as commodity assets, but not as legal tender or money for payment transactions. From here, they cannot control Bitcoin, but the way they do it is that they require exchanges (especially local in that country) to be registered with that country's institutions and citizens who will use the exchange are required to carry out KYC. What's more, now the government can also get additional taxes from Bitcoin activities. So, you could say, this makes a profitable decision for them at least, because they can't really control it 100%.

With Bitcoin decentralized nature and the decentralize market popping at the same time, the government fear is that they will be missing out in profit.  It maybe just a cover that the government is concern about their citizen being scammed by ill-intent people using Bitcoin as front, but I believe it is the profit that they are after since if they can tax Bitcoin, there is more fund for them to play with and possibly pocketed.

With decentralized market, the government is unable to impose tax to these trades, this is also another reason since they can't go after the decentralized market, they are now targeting centralized exchanges to implement their regulation.  Even casino platform is also required to implement KYC for AML so that if the government suspected any one who is into gambling and trading, they can just issue a court order and present it to these centralized services in order to get the target's financial (including crypto transactions) history and get an evidence so that they can impose taxing their target.

While there is some truth about your statement, let's put our tinfoil hats for the meantime and think sensibly without the air of conspiracy theories clogging the vessels that deliver oxygen in our brain.

yes, the government likes to control everything, especially money, and for good reason too. They don't want people laundering money which is illegal, and they don't want people getting scammed off of their hard-earned money, which is also illegal. The battle they committed against bitcoin was done under this premise, bitcoin threatens the security of the cash system that they have in place for so many years, not only because it disrupts the socio-economic paradigms they have set in place, but also because the existence of a coin that could allow people to launder money, or scam people without getting caught is too risky to ignore.

I think they can ban Bitcoin orally but practically alot of users will still be finding was to actually use it but the use will be limited because if target  is on places and stores where you cant make use of your Bitcoin then it becomes very hard and strick for Bitcoin users to actually use their coins because  watvh official will be on the lookout for its use and the government can just give an order to arrest anyone who uses it

Bitcoin is indeed decentralized as we all know it but government will try to find a way or something like that. Honestly, there's a wallet provider in my country that is custodial and it is also an exchange where I can buy and sell crypto and it is regulated by the government bank even some e wallet in my country also accept cryptocurrency now which is good for us so we can directly sell it and transfer to bank account or to cash when in need of cash.

Government always need control over the people. To some extent it is possible, and in the long run people move with the technology and enjoy the benefits. This is what happening with bitcoin and government. Most of the countries have begun to regulate the usage of bitcoin and more centralized exchanges have begun to operate around the world. However the trustworthiness of these exchanges can't be relied much, as they're something similar to the government. For some reason there is no other go than making use of these exchanges.

We need to go with the reality. As time passes, things change and one such is happening with bitcoin. Governments keep on coming with new ways to have control over the funds. In such act, many governments have launched their own CBDC. There is not much popularity with the CBDC.

Bitcoin is not a movement or a revolution in which people will stand against their governments to support Bitcoin. The only thing they want is crypto regulation by the country because they are law-abiding citizens and pay taxes. The only thing that the government are fearful of is that they can not control Bitcoin and the privacy of financial transaction; it is a fact that whoever controls the money/resources controls the power.
Every country wants to make more money, and Bitcoin could be the source. They might legalize Bitcoin in the future and start collecting taxes and transaction fees. Anything can happen as far as Bitcoin is concerned. 

It's amazing how it was possible to create such an instpument as bitcoin on the blockchain, because its most powerful property is that it cannot simply be taken away from people. It is like an idea - it is stored personally by everyone and until the owner himself wants to get rid of it, he cannot be blocked on the account, as it happens with funds on deposit. And let the KYC and other regulatory measures have already been introduced, but this idea is developing further and further.
We live in an amazing time.

Bitcoin is a digital currency that is technologically the most popular currently. One of the main reasons why Bitcoin has gained so much popularity and price appreciation is because Bitcoin is not controlled by any government. And government officials fear Bitcoin because governments of different countries feel that Bitcoin could face various financial problems if it is legalized in their country. If the government were to trade bitcoins, they would understand how valuable they are and legalize bitcoins to improve their country's economic status. Bitcoin transaction is most preferred in different countries nowadays because it provides maximum security and protects a person's privacy, that's why Bitcoin is preferred by people, so governments of many countries have legalized Bitcoin.

I don't understand what you are trying to say. If you want to say that the government should trade bitcoin for profit then they can do it with gold, with the stock market, there is no reason they should trade with bitcoin for profit and ignore the market other finance.

Furthermore, how will bitcoin improve the country's economic situation when it is just a financial market? Don't forget its volatility as well as what are the risks of financial investment? If a government relies on financial markets to improve its national economy, it is the stupidest government I have ever seen.

That's why the decentralized nature of Bitcoin is the reason that the governments that want to control it hate it. That's why sometimes we see other countries immediately block the innovation proposal that is introduced in their country. Because what the government wants is immediate personal interest.

But even so, no matter what the government does, what they want to happen will not happen. Maybe what can happen in the end is that they accept the fact that they will adapt Bitcoin to the benefit of their country and the people.

The longer it takes for governments to decide how they want to regulate Bitcoin the harder it will be for them to ban it entirely. People have already seen the benefits that Bitcoin provides. It has gained enough adoption that politicians are trying to cater to that demographic. In order to secure support from those that Bitcoin appeals to they must do everything within their power to push back against those who are opposed to financial freedom.

May be in some countries bitcoin is an acceptable currency therefore in those countries if banned occur then people will not set silent but most of the countries don't allow its transactions and investment yet. The thoughts of each leader of each country is different from others some will consider bitcoin as a better technique to overcome inflation but some will think opposite to this statement.

We are not so old to identify the truth but leader of our country better understand the things so if they are trying to cease the bitcoin investment then surely there will be a featured full thoughts behind it. Bitcoin investment can overcome inflation but its impact is also worse on some individuals as they don't use it for introducing as ease to their lives but they alter the use of bitcoin into something criminal job.

I don't know what governments of different countries are afraid of Bitcoin. But if that's what the government of my country thinks Bitcoin is, since Bitcoin is not controlled by the government, whoever owns the Bitcoin will control it. Transactions can be done from anywhere within the country or outside the country. So the government thinks that if Bitcoin is legalized, money will be laundered from the country, people can harm the country by purchasing illegal weapons through Bitcoin, etc. Also investing in Bitcoin is risky, anyone who invests in Bitcoin can get hurt. I think our country's government's misconception is that bitcoin is very popular now, bitcoin is risky but not so risky now. A middle class person can easily get rich by investing in Bitcoin. However, if the people of the country show interest in Bitcoin, surely the government can legalize Bitcoin.

I don't think your reason is valid, money laundering and arms trading are seriously illegal so even if bitcoin is legal or not, those transactions will always be done in the dark. No one is stupid enough to publicly reveal those illegal transactions, so banning or not banning bitcoin is meaningless for illegal acts.

One more thing, is forex and stock trading legal in your country? Because bitcoin like both are financial markets. It would be unreasonable for them to accept the remaining two markets and reject bitcoin for risk reasons.

It is seen as a hedge against inflation in some countries while skeptically in others due to its potential misuse. Your trust in leaders is admirable, but their viewpoints and biases may not match economic and technological advances.

What if leaders are unaware of technology's economic benefits? Will their judgments stand?

We all, you, me, everyone, must continue to educate ourselves about Bitcoin and its implications. Your concerns regarding Bitcoin crime are justified. Every technological breakthrough has pros and downsides. The internet had many benefits but also permitted crimes. We must use technology to improve society and prevent its misuse.

There is no resistance between Bitcoin and the government because Bitcoin is not a system of rebellion against the government financial system in the world. Governments in many countries around the world still provide opportunities for Bitcoin activities carried out through investment and trading.
Maybe you have heard about crypto-friendly countries like Germany.
Like in my country, the government still provides opportunities for people to use Bitcoin but it is not permitted as a means of payment.

Bitcoin is presented as a convenience in the financial system that allows people to freely carry out transactions with the most transparent network. That's what makes Bitcoin so great and recognized by the world.

Mate, you are so so wrong in this statement you made. Kindly understand that government has not banned bitcoin is not because they are afraid of the masses because the masses cannot stop government from banning bitcoin. If any government bans bitcoin, the masses will do nothing aboit it.

The reason why government of the world has not banned bitcoin is simply because they cannot ban it and not for the fear of the masses. The government of the whole world cannot unanimously agree to ban bitcoin.  While some countries would be busy banning bitcoin, some will be busy adopting it.

I understand your point clearly. In the banking system, because of rising inflation, your money kept with them tends to lose value overtime.
But my point is that the CEX is negating the whole idea of decentralization because if the government want to, they could know exactly what you are worth on these exchanges, because there is aname, an address to your account, and these exchanges have these details.

The government is only concerned in money laundering as it can be used to fund terrorism or any illegal activities. That is why local cryptocurrency exchange will undergo regulations. I don't think I have a problem with that as I am a law abiding citizen myself. Central bank only issued warnings to users of possible scams on cryptocurrency but has no restrictions in fact we are a Bitcoin friendly country.

Do you know criminals don't only use Bitcoin, cryptocurrencies to launder money but they also use cash?

Governments hate Bitcoin and cryptocurrencies not because their worry about money laundering through blockchains, mixers but they care more about future of their fiat currencies and CBDCs.

More regulations like AML, KYC are not only to fight against money laundering or scam but they do it to have better regulation on taxation and ultimately they want to charge as much tax from their citizens as possible.

I don't really think that the government has some kind of grudge against bitcoins rather someone is behind the ban and probably paying them for not making bitcoins available in their country. thankfully in our country, they are just being neutral and taking advantage of the local exchange taxes which is not that bad because we can freely use bitcoins and also can decide to accept them as payment in our stores. In some cases, others are taking advantage of it in a bad way where they used bitcoins and other cryptocurrencies as props for their Ponzi Scheming.

Agreed, financial power is shifting. While Bitcoin stands strong, XGo quietly delivers on its promises. The XGo id feature makes crypto life easier, and the platform's compatibility with hardware wallets adds an extra layer of security. My appreciation to both Bitcoin and XGo!

government don't want people knowing too much haha worst thing is if the government are totally against bitcoin, they might implement surveillance measures, infringing on individuals' privacy and freedom. it is not impossible tho. As of now, things are more relaxed and neutral. People are being able to freely use bitcoins and even accepting them in some stores in our country. If such governments have such a strong stance against bitcoins, there must be something more going on behind the scenes, beyond taxes  :-\

The government always have upper hands when it comes to law enforcement and there is nothing we can do when the government want to forces us to ignore cryptocurrency using law to restrict us. If we look at countries that do not allow Bitcoin transactions or uses, this was once a country when citizens transaction Bitcoin and hold for personal benefits but due to strict laws against Bitcoin, that make sure that do not have large holders or traders in there regions. Those that still choose to trade Bitcoin mostly do that on there own ignoring any government policies or law.

I like it as what most of the governments just like allowing people to be free. They're not a hater of Bitcoin and they're not supporter as well.
They're just staying in the gray area where they are just allowing things to flow and letting their people do what they have to do.
Neutrality is at its best because it doesn't stop the adoption of Bitcoin but when they step in and starts to give unlawful laws about prohibiting it then that make things ugly.

Yes, you are right there, dude. The crypto enthusiasts are poor because their government is against Bitcoin or cryptocurrency, which is why they have no choice but to use VPN so they can do this business in the Bitcoin industry.

So somehow the country that welcomes us is lucky, and they are open to the concept of Bitcoin or cryptocurrency in their country. So we thank our president here for being open-minded to innovation about digitalization or blockchain technology, That's why it's actually a huge help.

Behind the government's neutrality regarding Bitcoin as long as it is fine, the government will continue to enjoy the taxes carried out by its holders, but the government could issue a new law that places limits on Bitcoin and its users, if there are many cases in which the government will definitely do it, so all It depends on how Bitcoin holders utilize the network out there. When there are many cases, the government will not hesitate to issue a law that will harm all Bitcoin holders.

Chaos will definitely occur if the entire Bitcoin network has problems or is created to harm many parties.!!

If the government are totally against Bitcoin, they don't have to do such things you stated, they can just outright ban bitcoin and make the use and transaction of Bitcoin illegal and punishable by law.  The government then shut down all the access to exchanges and anyone caught breaking the law will be imprisoned. 

I feel that our country's citizens are lucky because my country is Bitcoin-friendly.  Our country's central bank even acknowledges Bitcoin as a mode of payment so we have the freedom to transact with Bitcoin.  As of now, our government has not implemented any tax yet to crypto although it has been planning for some time now.

The government is afraid of what they can’t control, and they are afraid that the people have found a new way to deal with their financial transactions and don’t have to depend on them any more, the people don’t need there permission to send a large amount of money across to both foreign and domestic receivers, they just do things that they like on there own.

The government is not fighting bitcoin directly but they are just trying to figure out a way that they can tap from the blockchain, since there citizens are into it shouldn’t they be benefiting from it, it’s been long I really read about a government of a particular country sanctioning there citizens and warning them not to use bitcoin service, it’s just an advise and caution kind of thing as they already know that they can’t stop it from happening.

But mind you the government is not in any War with Bitcoin, this is not an inter country conflict, they are just trying to protect there fiat system.

I don't know if you are opposing the government or talking about the positive aspects of Bitcoin. Because I think that the government of every country will work for the good of its country and people. He thinks about everything before doing anything. Will the country benefit from that work or not? The people of the country will benefit or not? Think of everything. Now there can be many reasons why bitcoin is not legalized in a country.such as,
If everyone transacted through Bitcoin then the government would not get any tax. Which has a bad effect on the country's economy.
Those who are illiterate in that country never understand so much.
Transactions here are easy and the fear of fraud is high.

I think it's normal for the government to act like that and Exactly what you said and all of that is an important point because the market is not always predictable especially highlighting a lot of people's concerns about how it should be traded..but behind all this Bitcoin still has a long way to go before widely recognized as a medium of exchange or alternative currency. One thing is certain at this time, wait for our coin of choice, in this case BTC, to return to profit.

Yes, it's useless to remind people about Bitcoin because they have unlimited access to Bitcoin even though it is banned. The government not only wants to utilize blockchain but they also want to fully regulate bitcoin but they will never be able to. by providing strict regulations on the use of bitcoin, the government can suppress the development of bitcoin and with a policy of taxing crypto users, it will give them more profits.

As long as they will not prohibit and ban it, any policy they make is as good as what it can be. But about the taxation, it also gets worst when they will impose just like what India has done about 32% of taxes is in.
That's just too much and a lot will be slashed from the principal profit of the holder but what can we do with that? There is nothing we can do with that because that's how governments react with these developments.

Governments are known for wanting control, right? Especially money. And Bitcoin? Definitely a game-changer. Decentralised Bitcoin is changing global finance. Without banks or intermediaries, anyone can send and receive money at will. Like, "Hey government, look at us, independent and stuff!"

What happens to the traditional economy if everyone joins on the Bitcoin train and trades it like its the latest thing? What happens to fiat currency? The government will soon be in a tough place, and getting out of it wont be simple.

Instead of fighting Bitcoin, they're trying to integrate it into their existing processes. Quite a dilemma. I laugh at the idea of a government scratching its head, but I  also worry about the economics.

In my opinion, this is the lame excuse given by the government to give bad name to Bitcoin. Currently, Bitcoin is not the only thing that is used for money laundering; there are also many other things that are used for money laundering and illegal activities. Are When there are functions like illegal activities and money laundering, which is the medium of cash, then why is this government not concerned about this fiat cash that is also used for illegal activities? In fact, their goal is to discredit cryptocurrency and make their fiat currencies better than they are, even though they lie. Why don't they want to make your system decentralized by giving? Although the banking system will be finished, 😂 they will sit in their homes, and they don't want this to happen in a decentralized system. Similarly, everyone will do peer-to-peer network transactions under their decentralized system.

The fact is that the controversial government currencies will never compete with Bitcoin. There will come a time when all these traditional currencies will give up before Bitcoin and accept Bitcoin as an employer.

One thing we we need to know is that this Bitcoin is needed by the government the most and it is also a major tool for those in the government like money laundering and so on ,so with Bitcoin it makes this things easy and so it can't be banned just like that

I think we don't need to worry about bitcoin, no one can oppose the development of bitcoin, including the government. because now every country has studied how bitcoin works, even countries like Singapore, Japan, Ecuador have started to regulate this issue. Like it or not, the times must be followed, in full, namely regulations with good rules. So don't look at Bitcoin from its bubble. but from the technology.

In America now, the news here and there is talking about recession, inflation, even large centralized banks in America are collapsing, so centralization could be problematic. Therefore, Bitcoin is a very valuable asset for me. And now Bitcoin is not just for transactions, it is even called an asset, and in my country it has been legalized as a commodity.

It cannot be separated from its past controversies, such as China banning bitcoin, Vietnam banning it because it is easy to commit crimes, Ecuador because it wants to issue its own currency. But the reality until now is that China's response to Bitcoin is still gray,
and Vietnam contributes the most blockchain-based play to earn games from Asia, and Ecuador has invested in bitcoin and regulates it.

Apart from bitcoin, like ethereum and other cryptocurrencies, it's not just for transactions, but blockchain technology, maybe today it's just for trading. but the future and times will always develop, the government will inevitably have to follow the current developments of the times.

Well, Bitcoin sure is one of the best thing that have happened to humanity in terms of finance, i have on several occasions told my personally story here, if there is nothing else to love bitcoin for, i will continue to love bitcoin for the fact that it changed my life and gave me hope when i had none.

Without the help of bitcoin, by now, i probably will still be working 6 to 7 for some big men for peanuts, just to see that i keep my body and soul together, But when i discovered bitcoin and got involved in it, after a while, my life completely changed, i gained my independence on salary, today, i am my own boss, earning money from multiple sources, all because bitcoin made it possible for me.

The government can not ban bitcoin, it is absolutely impossible right now, maybe banning it would have been possible if we were still in the early day of bitcoin, but today and now, several prominent and influential people have come to trust and invest heavily in bitcoin, even some government officials themselves have secretly invested heavily in bitcoin, this is why i say its too late for the government to ban bitcoin.

Government lack the ability to ban Bitcoin,  and the topic of banning of Bitcoin should be avoided since it has become obvious that no government on earth can ban Bitcoin if they could they would have done that a long time ago so for that we should be proud and confident enough to use Bitcoin as our primary alternative currency,  Bitcoin have indeed played a significant role in our individual life and the government can't take that away from us at any point,  and for the privacy and security of the the individual's the government will have no choice that to act as if Bitcoin doesn't exist and at most try to regulate some of it service providers such as exchange and the rest of the other payment/exchange and trading of the assets.

Bitcoin is indeed a Saviour in terms of financial freedom for individuals who found the right approach to it and more importantly the means and way to earn a living in the long run.

Because the other government does not comprehend Bitcoin, they just put a ban on it, and as a result, they also rescind the prohibition. Why? because they saw and knew that it would benefit their country in the end. How many nations have outlawed Bitcoin?

Aren't there a lot? El Salvador, Nigeria, Bangladesh, China, and Colombia were among the countries that outlawed Bitcoin, but they later realized their mistake and reversed their decision. El Salvador, in particular, was the first country to recognize Bitcoin as a legal tender money today.

Ordinarily government's across the world would want to control the financial activities of their people, or try to monitor the financial life of her people, bitcoin doesn't give room for that because of it's decentralized nature. But that doesn't mean the government are in panic mood or afraid of bitcoin. The activities of bitcoin is legal in most countries, and its not as if bitcoin and the government are in loggerhead with each other.

I know that there are countries with restrictions of bitcoin, most of those decisions taken by such government are done because of their ignorance about what bitcoin is all about, i feel they are not well literate about bitcoin and the government need to be enlightened, so they could see bitcoin from a brighter part, with consistency and patience, those restrictions will be relaxed in the nearest future.

If we remember what happened to Wikileaks before there was blocking of payment so that their website could not function properly because according to the authorities there are illegal activities being done on this site. Then they saw the potential of Bitcoin that they couldn't stop the transaction of something so the government was very afraid of Bitcoin. They cannot control a person's activity as they want it to happen. And maybe that is the reason why Bitcoin is not legal in other countries. But in truth, Bitcoin was created to protect one's identity from people who would take advantage of it.

What happened to Wikileaks is one among many of such cases of government aggressive attack on decentralization and since they can have a hold of Bitcoin so they tend to refocus the energy on blocking its payment service providers or using them to monitor and track Bitcoin users since Bitcoin in itself doesn't expose the identity of it users which is what make Bitcoin privacy-conscious assets.

So for that, the government will continue to play the anti-Bitcoin role for as long as possible and Bitcoin users will have to be more conscious of issues as regards to the privacy as they interfere with Bitcoin and its exchange services.

It is a thing of fact that what was considered to be a battle has turned into clear humiliation. What the government thought they wanted to fight with has become their worst nightmare.

Bitcoin has singlehandedly proven to the global financial space that it can function without government's interference. If not for slow achievement of global adoption, bitcoin transactions aren't meant to still have regular fiat interventions and this alone is sufficient victory.

  Bitcoin has the potential to dismantle a banking system in which a central authority is responsible for decisions that affect economic fortunes of entire countries. The government see this as a threat because they can’t regulate the use of bitcoin, they love to have control and be the master of everything we have going on. They want to be able to keep tap of everyone’s worth. But with the inception of bitcoin, they will lose control due to the decentralization. The interesting part about this is that despite the threat Bitcoin impose, it cannot be shut down by one governments despite several countries discrediting the Bitcoin ecosystem. It will be hard to see bitcoin leave cause even when they (governments) see Bitcoin as a threat they are also economy advantages Bitcoin brings to the society.
  If the world power countries like the United States, Uk and China can adopt and make bitcoin legal in their system like El Salvador government did, other smaller and European countries will see the need to adopt the system too. This is why Seminar and other educational programs are being held in different countries to encourage and enlighten people about the use of bitcoin. Governments wariness about the bitcoin can be partly attributed to fear and partly transparency about its ecosystem. Bitcoin has been in existence since 2009 and it has been developing ever since and can still develop. A chance should be given to bitcoin to shine, the government should ease the tensions surrounding the use of Bitcoin and adopt the new technology.

The government has always been against Bitcoin because of its decentralized and censorship-resistant design. If they can't control it, they will try to ban it. Or at least, they will regulate it "down to the bone". I wouldn't say "the masses will rise up against them", especially when many people don't even know what Bitcoin is (or haven't even used it before). The world is still dominated by Fiat currencies (particularly the USD) whenever you like it or not.

Considering that Bitcoin has volatile market prices (aside from the fact that transaction capacity is limited), don't expect it to replace Fiat anytime soon. Despite the fact that BTC cannot be taken down, I'd say governments have already won by limiting BTC's ability to take over the existing monetary system with fierce regulatory pressure. The only way BTC will win is if people begin to lose trust in Fiat currencies. Once governments and central banks lose credibility, Bitcoin will be able to "rule the world". Who knows what the future holds for the cryptocurrency? :D

There is no doubt that on the early stages bitcoin was underestimated as having no future, however once some people began to use it governments began to give attention to it, but it was not until the silk road that they really understood the potential bitcoin had to circumvent their regulations, so they began to become way stricter with their regulations, but at the end the nature of bitcoin itself makes is incredibly difficult to deal with and governments are learning the hard way this is the case.

Banning Bitcoin won't change the direction of Bitcoin. The government just doesn't like to adapt Bitcoin officially because they don't want to lose control of the economy. Don't expect any government to announce Bitcoin as the national currency. Centralised governments won't adapt to decentralised currencies where they have their own fiat. So a war will exist between the government and Bitcoin. Even many developed countries allow people to use Bitcoin, but they really don't like to adapt it. Any country won't have double currency. So the government will always oppose it. El Salvador adapts Bitcoin as legal tender, but I don't think it does help them a lot. Rather, they are forcing citizens to use Bitcoin. So other governments are monitoring them as well, but still no one is in. There are many factors; if everything becomes decentralised, then the system will collapse.

Since there is no unitary government for the whole world, the government of some countries do not still understand the potentials of bitcoin, they still think bitcoin is a bubble or a Ponzi scheme currency. While some country's government undermines bitcoin, other enlightened countries have known the potentials of bitcoin and have started to fight against it. They may be fighting for one or more of the following reasons;

• So that citizens will not evade tax through it 
• So that criminals will not purchase arms and other illicit products through bitcoin
• To avoid money laundering
• To be able to control and manipulate everyone and including their data 

While some government doesn't want to do away totally with bitcoin because they don't know what the future holds as cryptocurrency is an evolving technology

I see nothing wrong with what OP said tho. Yes, Binance can trace your transactions and all, but it’s better than the government being the one tracing it. And there is no place where it’s officially stated that sooner or later Binance/other exchanges that require KYC will work together with  the government.

I don't agree with this. Specifically in my country, bitcoins are legal to own, hold, and trade on the bitcoin market. If our government wanted, they could ban it and there would be no bitcoin exchange. In my country there are lots of bitcoin exchange markets for IDR. Even though our country still prohibits the use of bitcoin for payments, this is not a problem because our citizens are still not ready to implement it

Before the government didn't want to use crypto because of being anonymous of it and possibly there were alot of hidden transactions, sooner or later they saw the potential of bitcoin if tons of people keep using this why not support those with the use of centralized platform related to crypto those are now the exchange you are using, once you deposit your money and not transfer to your wallet it's still not yours. Ive seen alot of establishments right now supporting e-payment including crypto right there including the blockchain technology of being transparent they can now see the confirmations of transaction and possible abusers.

Many years ago, many countries banned bitcoin and had a negative view of it. But even with those bans in place, people still find ways to use bitcoin quietly. This causes even more headaches for the government in managing the people. Then, the government realized that banning bitcoin was ineffective and that it further caused them to lose a source of income, which is taxes. So today, many governments have no choice but to accept bitcoin with some regulations attached.

Is it really creating "fear" and "panic" in most of the government officials? I doubt.

They still track what you are doing with bitcoin. I am sure you have used some sort of crypto currency services that asks for KYC. Also, you do need to report voluntarily any transactions related to crypto currencies in most of the country or you end up breaking the law..
There more than few countries that have banned bitcoin and we haven't seen any "mass rise up" against the government. The government isn't looking to contain the influencce of bitcoin nor discredit it. They are just trying to create laws and framework where they can indirectly control the whole market and people are obeying the laws. So the government is winning here. Not us.

I applaud your steadfast commitment to consistently opposing policies that do not favor individual freedom. We all concur that Bitcoin wields transformative potential to challenge the centralized systems held by governments.

Indeed, Bitcoin has been labeled as risky, but we all bear our respective responsibilities. Those who embrace risk will likely not be perturbed by its volatility. Meanwhile, for those who harbor concerns regarding risk, Bitcoin offers a more robust security framework compared to FIAT at present.

In truth, individual freedom, when exercised responsibly, ought not to be curtailed even by governments.

Hasn't El Salvador adopted BTC as their national currency? The Salvadorian government has been forcing businesses and merchants to accept the cryptocurrency all across the country. It even has plans for a Bitcoin City powered by "geothermal mining". I know it still uses the USD as a alternative currency, but the country might as well ditch it completely if BTC adoption becomes a huge success. I'm surprised about this, considering that governments are always striving for control. Encouraging citizens to use Bitcoin will make the government feel "less powerful".

Despite the fact that El Salvador adopted BTC as legal tender around two years ago, the vast majority of the world's countries still patronize the usage of Fiat. There are predictions that mainstream governments will "ban" Bitcoin after the launch of their very own digital currencies (CBDCs). This is to be expected after the reasons mentioned earlier. No one knows what the future holds for Bitcoin, so we can only hope for the best. ;)

Bitcoin is a smart currency and the government is not supposed to be in conflict. In fact, the reason the news is misrepresented is that many do not want Bitcoin to gain its reign It seems that state vs. bitcoin is not supposed to be like this because it is controlling bitcoin in different states with wrong information More would accept it because it is a digital currency whole world is going towards digitization now and digitization means smart system in every case so in coming days this currency will be the only We try not to have any conflict with the government as a medium of exchange As far as I know, there are many misconceptions about Bitcoin in our society, that's why the government of my country can't accept Bitcoin and doesn't want to release it, in fact, it can't gain trust because of some scams for Bitcoin can never be an enemy of the government in fact it is being created as the enemy, so we should better understand and create awareness through a lot of writing then it will be seen as a part of the government It will turn out that the whole world will be like a village which the concept of Global Village will be completely true Due to the hostile policies of different states Bitcoin has depreciated in value at various times, but it is not permanent and in future we will understand and everyone will accept that there is no enmity between the two and there will never be.

Even though it's true that governments and central authorities find Bitcoin to be a threat to the financial control that they used to have over their citizens because as more people start getting interested in Bitcoin and start using it, they start losing full control over the finances and financial activities of people since they might not be using banks and other financial institutions that have been around for centuries and they can't digest that very easily.

However, I don't think that there will be any mass protests or anything if governments simply start banning the usage of Bitcoin within their countries, people will try and use it behind the scenes without letting anyone know so that they don't have to face any legal consequences but they will barely raise their voice for it.

I don't think they can ditch the USD and just use bitcoin as their sole currency, its volatility would cause the economy to collapse faster instead of benefiting them. In my opinion, as long as bitcoin remains highly volatile, it cannot become a currency. Furthermore, if I'm not mistaken, even the president and government of El Salvador are investing in bitcoin instead of considering it just a real currency.

Currently, bitcoin is being accepted as a commodity by many governments, they have never recognized it as a currency so I don't think that when they release CBDC, they will ban bitcoin because they are completely irrelevant or compete with each other.

I think, The government would not accept bitcoin officially coz they don’t control over the bitcoin payment system or bitcoin pay system. Some government accepted bitcoin for only using online system for investment and trading and maximum countries people are usually using bitcoin illegally.

There is a point in what both of you said, some country government appears to fear the currency why some like yours don’t fear it but they also didn’t ban it why some have completely adopted it and started accepting it as a means of payment.

The thing there is most government don’t want to publicly accepted bitcoin as a legal tender because they are afraid of what will become of the local currency in time to come, as people might want to use only bitcoin as payment option, abandoning the local currency which can devalue that currency. So the Op is still right if he says that government fear bitcoin.

Only if they're lucky. In a country where something is "illegal" you must exercise extreme caution to avoid getting caught. Not everyone is brave enough to do this, especially if the country has an autoritarian regime (eg: North Korea and Russia). Fortunately, this won't affect Bitcoin due to the way it was designed. If a country rejects Bitcoin, others will support it with open arms.

In the worse case scenario, we can run nodes and miners in space (the Moon, maybe?) to help preserve the BTC blockchain for generations. To take down Bitcoin for good, the whole Internet must be shut down. And we all know that's virtually impossible to achieve. Who knows if oppressive governments will change their mind about Bitcoin in the future? If you can't beat it, join it. ;)

It's evident that the rise of Bitcoin has sent shockwaves through government institutions around the world. Bitcoin's decentralization and financial freedom are challenging the traditional control governments have held over currency. People now value their financial privacy more than ever, thanks to cryptocurrencies like Bitcoin.

Governments may be trying to find ways to manage Bitcoin's influence, but the truth is, Bitcoin is here to stay. Attempts to ban it will likely result in public backlash. What's clear is that the power and control over finances are shifting back to the people, which is a positive development.

Bitcoin's resilience is remarkable. Despite efforts to undermine it, it continues to rebound. It's a reminder that the cryptocurrency community, including platforms like https://coinremitter.com/?utm_source=com&utm_medium=bitcointalks , is committed to its success. Governments should recognize that they may have already lost in the battle for control over financial freedom.

Now it is difficult to imagine our life without the Internet, and for the entire planet to be left without the Internet, some kind of global cataclysm must occur, but in this case, many of our usual things may change, so this scenario should be considered last.

I think that the adoption of Bitcoin at some point may become widespread, when it is accepted by world powers such as the USA, Great Britain, then others may follow them and this can all happen in a very short time. As always, there will be some countries that will not accept Bitcoin, as there are exceptions to every rule.

Running bitcoin nodes on the moon? Are you kidding? Bitcoin is simple because it is decentralized and governments cannot control it, it is not an evil thing that will endanger or destroy humanity so there is no reason for all governments to find how to destroy it. It is just a financial instrument and there will be countries that ban it but there will be countries that accept it, so we don't need to stress too much about keeping it alive. What I think is that as long as our need for it remains, nothing can kill bitcoin.

Even if a government were to officially accept Bitcoin, it would try to bring it into a strong legal framework. Well, in my opinion, if the government accepts Bitcoin legally, this situation can also benefit their people and the government can also collect a good amount of revenue from tax.I think the biggest problem for governments will be people putting more of their capital into Bitcoin, because often governments are run by their banking sector.

If the banking sector faces problems, it can create problems for governments as well .Of course, in most countries people use Bitcoin illegally, because when citizens of any country do not have the facility to invest Bitcoin legally, they try to buy Bitcoin illegally. Everyone who knows about Bitcoin must want to make their long-term investment in Bitcoin.

If the US Federal Reserve was smart they would buy up as much bitcoin as they could, I'm sure they have. Does anyone actually know how much the US Goverment holds in BTC compared to other countries?

Let's not deceive ourselves, the government knows very well that they can not stop it entirely since all the world government can not agree on this term, however, they are playing smart with us, most of this guys are buying bitcoins in the secret as they create FUD in the Crypto space so that they can have more of bitcoins on their wallet. It is high time we pay by less attention to the trick.
Thanks to the country that has already accepted bitcoins as a legal tender, we hope to see more countries follow suit as the wickedness to keep the world in poverty is getting rid off

Not every government is the same. Some view the situation moderately, while others are very strictly against it. I agree with what OP said. Governments are not our problem. Each state may have a different perspective, they may not know it, but we know that they cannot stop Bitcoin. When I invest in Bitcoin, I don't think about whether the government will ban it. Because even if they try to ban Bitcoin, I know that this ban would have no meaning in practice. Government officials are generally not knowledgeable enough about such special issues. They think they can control everything, but the reality is very different.

Sure. Why not? If things go south, we can launch nodes in space for complete peace of mind. That's the beauty of decentralization and open source. If Bitcoin was centralized, this wouldn't had been possible. I seriously doubt all of the world's governments will "ban" Bitcoin, since they will be missing a huge taxation opportunity. Some will reject it while others will embrace it. The more nodes and miners backing the Blockchain, the better.

The network is constantly growing, so don't count on Bitcoin going anywhere soon. Governments will have no choice but to join the revolution. Who knows if BTC lives alongside Fiat for generations? ;D

This is an extremely interesting and bold idea, but where will we get the energy and internet to be able to sustain bitcoin mining on the moon? This idea may be more feasible in the future when we conquer the moon. But with current technological developments, I don't think we can do that. Not to mention it takes a lot of money to do it, and who will stand up to do it if they don't get any benefits?

I also believe that governments will not ban bitcoin because they have seen the huge tax revenue that will be collected from us. They will soon join us, making bitcoin legal but with a lot of regulations attached.

The thing is, every coin has two sides. That being said, there will always be people supporting Bitcoin and there will also be people hating Bitcoin. And Bitcoin is not the perfect solution how much you try to make it. The way you use traditional money/cash money, you can't do that with Bitcoin. You need a smart device, you'll need internet connection, and you will need the knowledge how to use it. Not everyone in this world knows how to use smartphone yet. Some people don't even know that internet exists.

It is true that the government wants to take control of every civilian. But those who know about Bitcoin will move towards Bitcoin and those who have no idea about it or aren't able to use it will stick to the traditional transactions. In a sense you can't actually beat the government. And as a citizen you will have to stick to the traditional method if the government has any rules against using Bitcoin. So why make it complicated? If you can use both then take advantage of both of them. And if it's the time for Bitcoin to shine, it will shine. Meanwhile enjoy what you have.

I cant... The idea that governments are still dancing around Bitcoin after all these years and potential? Extremely frustrating. You nailed it. The benefits to governments are obvious. Taxes and revenue are ready to be used. So whats the problem? Fear of the unknown? Or reluctance? Its overwhelming.

The financial story is just too repetitious. Governments and banking are intertwined. Banks may be frightened, but cant governments see past that? People do find criminal ways when there are no legal ones. Its obvious and happening, and governments should pay heed. Everyone's interested in Bitcoin. Governments must adopt quickly!

As two sides we can say pros and cons. Something that we see as good for the common people used to be bad for the government. This means government wants control over the people, whereas bitcoin gives the freedom. As things go advanced, automatically government try the technological way of having control over the citizens. When government wasn't able to have control, it always tries to portray bad image for bitcoin and starts working on an alternate. This is what happening with majority of the governments that doesn't understand the real purpose of bitcoin and wants CBDC.

Bitcoin is an alternative for a "cashless society" with total governmental control of your money, spending, taxes etc. Governments and banks are afraid of bitcoinization, because, as you have correctly mentioned, Bitcoin is not centralized and therefore can't be controlled, confiscated, frozen etc.

If you think digital assets is unnecessary , you're wrong assets changing one to one .

In history it was rock later metals , gold , now it's just paper soon it will be digitalize and be ready for it .

BTC IS NEXT DIAMOND

In a recent discussion I have talked about why CBDC is needed and also not needed. It's necessary evil and also a double-edged blade. Depending on how people see it this could become the thing that will prove that Bitcoin is the real deal and nothing can compare to it. Imagine people learning about how the government is manipulating them with their own creation. When they realize it they will try to find a way to get out of it. And that will be the time when Bitcoin will shine. Because no matter how much you try to keep Bitcoin down, it'll always come back up.
But as I said before, there will always be people who will have no issue about their privacy getting violated or being controlled by the government. The war continues? Or there will be a possible way for both Bitcoin and Fiat money to exist simultaneously? I think the litter option is more logical and those who wants the freedom will have it and those who don't want it they can stay slave to the government.

Isnt it interesting how you point out financial duality? CBDC's pros and cons remind us of technology, governance, and personal freedoms' continual tug and pull. But isnt innovation about this? Pushing limits, pushing standards, and making us reassess topics. CBDCs can speed transactions, save costs, and increase transparency. However, they may challenge individual liberties and government authority.

Can decentralised cryptocurrencies like Bitcoin and centralised fiat currencies coexist? Both coexisting may be possible. Both have advantages and meet various requirements and tastes. Your remark about people choosing freedom or security is correct. Perhaps in the future, people can easily switch between the two domains based on their immediate and long-term demands.

It will be possible and it needs to be done. Traditional Fiat currency has been here for a long time. Compared to that, Bitcoin is still new. So Bitcoin overtaking traditional Fiat currency doesn't seem right. I'm not on the traditional currency's side. Actually I'm on the side of Bitcoin. But for the best of both Fiat and Bitcoin, they need to coexist. And if the government pushes people to use CBDC, people will engage into more technological currency usage. And that way when they realize that the government is trying to manipulate them they will go in search for an alternative that does not have this issue.
People will learn about Bitcoin that way. And those who already know, they know. But as I mentioned earlier, there will always be two types of people. One opposing Bitcoin and other embracing Bitcoin. And that will be the reason why they will coexist in the future.

Are you actually not familiar with what's going on with the media regarding the US government, maybe you should rather be referring to what they are doing with the volume of bitcoin assets seized under their disposal, but as for the government to invest in bitcoin, this is a topic for another day, though i won't be surprised to see that even part of the government officials could have bitcoin investment in their closet and not going public about it, everyone is free to hold bitcoin, why must other countries wait for US move first.

It is actually a fact that there are still many countries in our world that misunderstand Bitcoin and then legalization of it. Although I don't want to talk about any country's foreign policy, there are a large number of countries that have declared Bitcoin illegal because they cannot positively implement this system in their country. There may be various reasons behind this but if you want to invest in Bitcoin then nothing can stop you because its main purpose is to protect privacy. The thing you have to invest in the proper way.

I think in this recent time the government are not even too strict about bitcoin compare to some years backs, some countries that where so tough about bitcoin sometimes ago are now becoming so friendly with bitcoin. I think the fight against bitcoin from the government have reduced, people are engaging with bitcoin without any disturbance from the government .

Bitcoin is not the  problem of government right now, the government are too busy with economy which is getting bad and getting over their control. Bitcoin has come to stay, their is nothing the government can do without it than just to accept it.

I'm sure we'll find a way how to do this, especially if we want to preserve Bitcoin for generations. I'm thinking someone like Elon Musk would have enough capital to make this happen. It's no secret he's an avid supporter of Bitcoin (especially Dogecoin). Considering that he's the CEO of SpaceX, anything's possible. But I doubt governments will go as far as unilaterally "banning" Bitcoin from widespread use, as they will miss a huge oportunity for taxation.

Embracing innovation with open arms is the best way to ensure the economic prosperity of any country in the world. As long as BTC stays decentralized and censorship-resistant, nothing should be able to stand in its way. Just my two sats. ;)

Most of them don't have the infrastructure to allow such currencies. A country full of corruption can open up an easy channel for money launder through bitcoin. Those countries are already doing good in money laundering and allowing bitcoin will make things worse. Their concern is valid and those countries needs to implement proper law and regulation so that any illegal activities can be prevented.

The government of many countries still think bitcoin will get their people money and scam the people.But the fact is bitcoin give employment opportunity to the unemployed people in the developing countries.This was the main cause of the major adoption of the bitcoin in the most of the developing countries.Now many developing countries citizen was paying the taxes for their country for the trade of the bitcoin.Some of the countries had made their mistake by illegal of the bitcoin and other cryptocurrency to their country.

I actually somehow agree with the fact that the people who are openly opposing Bitcoin might actually be buying in secret but just can't let everyone know about it but they obviously see the potential that it has and they know that their investments will surely earn them a lot of money in the future. So they might be opposing the idea in the public, but they must be adopters themselves as well, this is mostly about politicians and government officials.

It's obviously true that they can't actually stop Bitcoin from existing no matter what they do, all they can do is ban its usage and make the adoption lose pace but that isn't going to stop the movement and Bitcoin and cryptocurrencies will keep growing over time even if the pace gets slower that wouldn't stop the overall growth in the long-term.

I don't put it in the context of making it bitcoin vs. the government, because the government is the only one that is against bitcoin and it is because money is generated in the people that they cannot control, and even if they make all their regulations, they won't work. to be able to stop this because bitcoin is the only one that is still under control, a thousand governments can pass, bitcoin is the one that will have life above all this, I am very happy that governments now believe that it is their executioner, because it is the only way to stop this. not kneel before governments and banks, not bad, I love bitcoin more and more, as they say in the kingdoms: "Long Live Bitcoin"

Of course they are. Smart people won't let the public know they're investing in Bitcoin. That would bring unwanted attention from the government. As it's said in the real world, "keep it secret, keep it safe". Politicians, the elite, and anyone else you can imagine are buying up Bitcoin like crazy. Even if they're publicly stating their "hatred" against the cryptocurrency.

It is said that some countries are using BTC to avoid sanctions. They wouldn't be doing it if Bitcoin wasn't decentralized. With how solid the cryptocurrency has been since day one, we can say it's truly unstoppable. Governments will eventually give up as they find it's impossible to take down the revolution. "If you can't beat 'em, join 'em". Who knows if BTC will live alongside Fiat (CBDCs) for generations? :D

Bitcoin should not be seen as a conflict between the government and Bitcoin, as it is expected to be used by citizens of various governments. Government assistance is needed to make Bitcoin legal tender in many jurisdictions, resolving taxation issues. It also highlights the importance of the SEC in establishing a Bitcoin ETF, which is expected to play a significant role in Bitcoin's future.

That's why I often tell people, don't listen to what politicians, billionaires, and bankers say but look at what they are doing. Frankly speaking, no one wants to share wealth with others, especially billionaires and rich people, they never want poorer people than them to become rich like them. Therefore, they will find ways to prevent others from becoming rich. I also believe that the people who slander bitcoin the most are the people who are secretly buying the most bitcoin, and they are trying to slander bitcoin in the media just because they don't want to share bitcoin with others.

Well Using Bitcoin against government as issue makes our cryptocurrency market more popular and worth engaging , because we knew that if the government is interested in something they don't own meaning that is a valuable asset like what they are doing back in the years taking places to be their discovery and naming to thier country extension.
this case of Bitcoin is almost the same why they are interested in holding this precious currency or else they will banned.
but since it is not available for taking over so they are putting too much regulations.SEC and ETF thing will always  be the ghost of crypto market but waiting to what is bigger effect in the coming more years.

Penso che gli orologi replica siano una buona scelta per coloro che vogliono risparmiare denaro e avere un orologio elegante e lussuoso. Offrono lo stesso aspetto degli orologi di design originali a un costo molto inferiore. Inoltre, con una vasta gamma di stili e colori tra cui scegliere, puoi sempre trovare l'orologio perfetto per ogni occasione.
https://www.orologilusso.eu/

As it's always said in the real world, "the rich get richer, while the poor get poorer". We live in an unequal society where the "elite" get to dictate the rules of our society. These people often tell lies for their own benefit. Otherwise, everyone would have the same social standing. Governments are smart because they secretly buy and accumulate Bitcoin, while giving the public a bad perception about it. The same can be said about rich people like Donald Trump (it was discovered he had a wallet with ETH in it) and Elon Musk (often criticizes Bitcoin's "high energy consumption" but still owns a considerable amount of the cryptocurrency).

You should not make your decisions based on someone else's opinion. Instead, do your own research to help determine what's best for you. One way or another, the world will embrace Bitcoin as an alternative to Fiat. The question is, have you accumulated enough BTC to prepare yourself for the future? Just my thoughts ;D

When a country accepts Bitcoin, many illegal transactions are done through Bitcoin. A large amount of money is laundered out of the country through Bitcoin which is why the government of a country is afraid to legalize Bitcoin in that country. Governments in many countries have found themselves in such situations where they are laundering money through Bitcoins which makes it impossible to catch them. And Bitcoin transaction is to give maximum security to a person where his access cannot be traced. And using this golden opportunity in Bitcoin, many people are engaging in illegal activities and money laundering through Bitcoin from different countries. This type of illegal activity will never be prevented as no one can trace access to Bitcoin transactions which is why people complete most of their transactions with Bitcoin. And many countries have already seen Bitcoin legalized where not much illegal activity is being done and they are becoming economically self-sufficient. Considering those things, if a country allows Bitcoin, I think the country will feel a little better economically.

But why is it that when it comes to legalizing Bitcoin, money laundering is always the first statement people always make/say in other to discourage people from venturing into it, or does it mean that money aren't been laundered in and out of those nations now that Bitcoin hasn't been made legal tender?  Because one thing people just need to understand that whoever will launder goods or money, will still do that irrespective of whatever medium of exchange he/she has (i.e neither Gold, fiat and Bitcoin).  And as such, Bitcoin remains the best digital currency whereby it offers us control over our funds, and yet avoid depreciation of your fiat currency when you invest in it over a long period of time.

That is not true, once it is called money laundering or illegal transactions, they have violated the law, so even if the government bans bitcoin, it will still happen. No criminal is stupid enough to publicly say they are using bitcoin to launder money or that criminals need to wait for the government to legalize bitcoin before they can use it. Criminals will use bitcoin or any method that suits them, and they never care if the government is legal or accepting.
That's just a silly excuse the government gave because they don't want to accept bitcoin. They don't like bitcoin simply because they will lose control over their citizens if everyone uses bitcoin.

I don't think any country has a government against Bitcoin. Because I have proven by my own country that Bitcoin is illegal in my country yet we are secretly using Bitcoin. But the government of my country is not putting any pressure because Bitcoin is a decentralized currency that is equal to everyone. So I don't think the government will put pressure on the people of the country but bitcoin is spread all over the world if there is movement then definitely in terms of it. Public confidence in Bitcoin is gradually increasing, of course we are stable on more Bitcoins later.

Society has, in fact, made up a story that serves the needs of those at the top. People with money and power often change the story to keep their place. Theres a clear story here, right? The strong quietly buy Bitcoin while working to make people not trust it. People like Trump and Musk have the nerve to publicly criticize or play down Bitcoin while also investing in the crypto world. This contrast is not a mistake; it is part of a plan.

You're exactly right: mindlessly following the elite's words and actions is a trap. When making personal choices, especially about assets like Bitcoin, people should do their own study and learn as much as they can. Decentralized banking is the way of the future. The real challenge is getting ready for this coming change, even though the world is slowly starting to see Bitcoin's potential. Will we stay like slaves or will we break free and decide our own future?

Honestly, I wouldn't be surprised if one day governments, billionaires, and banks claim to hold a lot of bitcoin. They constantly talk bad about bitcoin because they are just trying to stop people from fighting over bitcoin with them, not because they actually hate it. Like I said, no one just hates money.

Yes, we should ignore what they say and focus on accumulating bitcoins for the future. Let's use our minds to look at things, don't just listen to what others say, especially politicians and rich people.

With educational slots , we should take Advantage of this boom to Provide a type of general information on the part of those who hope they want to make it clear, to say what are the possible things they can achieve, to explain that with little money a lot can be done. money and that based on this the companies are encouraged to play, but taking into consideration that when things are like this in casino games you can lose a lot of money, that you have to know how to control yourself, that you take into consideration that before playing you must establish the budget is willing to lose, and I don't say lose because I want to, but because it is only more logical and not to get ideas about what you are going to win, because you have to always recommend doing the best , and taking into consideration the RTP, the advantage of the house , the complexity of the game and everything that has to do with this, at what time it is ideal to accept and when it is not, what to do when there is a bad streak, how to bet for it to go better, all these types of things are those that should be taken advantage of so that people or novices can learn.

There is a particular casino that always cares about doing things well, and that is bitcasino.io. On the blog, Karl always cares about the education of his clients and his players. He publishes excellent articles that are very active and in-depth for that the understanding is quite good, because in one of the articles that I like to read they talk about slots, they do a great focus on how they can play, what are the types of slots, and why is it so popular, well it is a lot of information and educational style, it is very interesting, I invite you to see it, I also cannot leave behind stake, which has its own forum where they basically talk about all the games , slots and everything, where experiences are shared and where there are very active players who can make a difference when they give their advice and everything can go in that moment, it is very interesting what this thread can do.

If your government is not against bitcoin, why don't they legalize it and make it illegal? They are not suppressing investors in your country because they haven't found a solution yet or they are drafting regulations for bitcoin. My country also doesn't have a bitcoin ban but they don't legalize it either, we are free to use it. But as far as I know, they are in the process of finalizing cryptocurrency regulations and will tax everyone involved with cryptocurrency. Just because they haven't taken action yet doesn't mean they will ignore us.

Of course. These powerful entities don't want the public to benefit from Bitcoin. Otherwise, they would lose power/control over our society. What I've noticed is that some governments and large investment companies (Blackrock, Microstrategy, etc) are buying and accumulating a large portion of BTC's supply. That's dangerous because they can get to dictate the rules of the game (even though only miners can participate in the network's consensus). Would you imagine the wealthy holding 90% of BTC's supply? It would make the system unequal.

Unfortunately, there's nothing we can do about it. Developers might try to introduce a hard fork to remediate the issue, but I doubt miners will approve it. At least, we'll get to enjoy Bitcoin while it lasts. Who knows what will be the future of this nascent financial system (BTC)? Just my thoughts ;D