Bitcoin Forum

I still do not understand the current obsession with regulating Bitcoin. They claim it's to help put an end to online money laundering and other cyber crimes but why aren't they equally obsessed about Fiat?

What if there are hidden agendas, like phasing out paper currencies, forcefully uniting all countries and handover control to more evil entity?
I have some paper money on me that I can EASILY use to buy some harmful drugs and weapons yet no Northkorea-like government is monitoring how I spend this money. A responsible government would rather be where the stuff are purchased and help solving crimes. Trying hard to Police everything (without caring a bit about the word "privacy") is a sign of desperation & tyranny.
 I learned they are working hard to phase out cash for their cashless agenda. I bet over 70% of World governments will adopt the cashless thing too.

I have never used a Debit card online not that I don't understand it .. it instead doesn't feel safe to me.  My adoption of online currency started when I discovered Bitcoin. Bitcoin/Blockchain is the only thing that makes sense & feels natural to me.  Wonder why they are now trying hard to rewrite Bitcoin with some rogue codes.  

You have to realize that if you don't live in the states or in some country that doesn't really matter for geopolitics, you are 100% experiencing some form of government overreach and an attack on any freedoms that you have left for yourself in your own country. All over Europe, governments are expanding their control over the daily citizen's lives. Canada too, many other Angle countries have similar policies in place.

You have to realize that at this point, countries exist for money, and money alone. There is nothing that is done to secure nation-states anymore and as long as you are a taxpaying cog in society you mean nothing to the government. That is the world in a nutshell now; separated only (in name) by borders, with international trade being commonplace and something no-one wants to disrupt. That is why they seek to control and regulate Bitcoin, so that they bring in the money and still force you to play the game.

<<This twisted game needs to be reset!>>

Investasi yang paling menjajikan untuk saat ini dan ke depan ya bitcoin

I clearly understand your position but the way it is there is hardly anything anyone can do about it simply because of the fact the government have control over everything and the best way out is just to either conform and find a way to do your thing below the radar or just don't do it at all. If you have cash to buy things, what if you get sick and need to go to the hospital, will you also avoid that? Government all over the world has been trying endlessly to turn people to dummies all in the name of protecting us from ourselves and that's where I see bitcoin coming as a threat which they wont give up easily on.

Because it is the development of the times requires everything to change like this, the problem is safe or not, all the same, good paper money there is a weakness.
Which surely every change there are advantages and disadvantages, but it is definitely more practical.

Bitcoin is a very advanced era of digital transactions, because in the world of advanced and increasingly sophisticated technology required applications such as bitcoin karna can for transactions can also to supplement income ... so let's join in a more advanced era

They are. Do you know how many billions are spent on making sure people spend their money legally? It's disgusting. Obviously I don't want to be funding a terrorist, but I'm not funding anyone here. This is bitcoin. You fund yourself and no bank can tell you otherwise.

Always bitcoin becouse bitcoin can make you happy with his values. I think at the time every kind of product can buy by the btc. Air ticket, cinema ticket bus ticket and many more thinks will buy by the btc at the time.

Yeah This is disgusting thought from op. He should understand more about bitcoin instead of speaking critics about bitcoin. I and many people believe in bitcoin that's why they are just be in a bitcoin related projects and investments else they won't do it.

They already know that physical cash is used for crime.

The point is that the banks' non-existent "digital money" is something that can be easily tracked and regulated, because all transactions go through a middleman.  With large money transfers people have to fill out suspicious activity reports to detail exactly what they were doing and why.

So it's about the gap between "online crime" and "crime".  I'd say that some governments were aiming for a cashless society so that they could regulate all transactions intensively - cryptocurrencies make this quite difficult.

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It's important to note that most of governments' opposition to cryptocurrencies does not exist, and that Western governments have been surprisingly lenient to them.  This is just an explanation of why they would oppose BTC.

You pretty much answered yourself in your own post, there is an agenda and bitcoin was without a doubt not a part of the agenda and now the governments are trying to desperately try to regulate it but they do not have an idea how to enforce their laws and rules in bitcoin.

I agree.Bitcoin will be just like our fiat money able to pay all our transactions not just online but in the real world too.I guess this will happen few years from now because other countries are already accepting bitcoin as their mode of payment particularly japan.And it is very possible in my country too.

that is a fact that people have spent a lot of money in bitcoin, may be more than billions of billions therefore i do not think that a sing issue can effect the price of bitcoin too much. a little bit effect will be there, but i think it will not be more than for some days and hope that after 1st August everything will come to normal very soon and hope that after that the price will become sky rocket, and no one will even get chance to buy bitcoin at such a low price.

There is no rewriting the code, Bitcoin is the current coin/code anything violating the current setup is not called BTC, it'll be bugcoin or other stupid names could be selected. if they are constantly trying to regulate Bitcoin could mean one thing, they truly have no control over the network, unlike it they own mostly all the other coins.

Exactly, I even read somewhere that India has joined Japan in this regard and so by and large we are gaining global acceptance and this is the way to go especially now that we are approaching August 1.

The main point of this regulation is to control Bitcoin, the governments don't like anything that they can't control, the usage of Bitcoin and fiat is almost the same, Bitcoin also can be tracked, but it is harder to tracked, and to be honest it is easier to do transactions with fiat because you can do it using cash without any internet record

The number of people purchasing drugs from the street is many times more than the ones who purchase it from online dark markets such as Alphabay. But then why no one is calling to ban the fiat currencies such as the United States Dollar, which are used for these purchases?

It might be because goverment hates anything that's out of their hands [they can't control]
Moreover with this drug purchases that used bitcoin as a payment method.
And of course to them cashes is more conventional in real world.

Exactly. Every government around the world want's to control everything. Fiat/Gold and anything that they can tax will get a hand on it. Bitcoin is de-centralized, which they don't like that's why the are putting a regulations around it. Look at China, PBoC recently put a tighter regulations because initially Chinese are taking advantage of it by creating fake trading volumes. So what happens? A lot of cash flow of the bitcoin market in China unregulated making a lot of individual profit huge without paying taxes to the Chinese government.

I think why always bitcoin because of its price. Every second, every minute and every hour the price of bitcoin is always change and sometimes the price of bitcoin is rapidly goes up. As of now there are lot of people use the bitcoin because they know that it is the key to become millionaire in the future.

I think it was always bitcoin because
of its price it will definitely make you happy.

You wrote such a long post but missed out a simple part why it's always Bitcoins. Tax as simple as it gets, cut the BS of Regulation all they want is to find ways to get more taxes out of the public, in short more revenues for them, and gives them more excuses to conduct a enquiry against a person, the very reason satoshi created Bitcoin is being destroyed, and Mark my words down the line when our children will ask us, when Bitcoin was being destroyed by government, segwit drama what we're you doing.

I think OP is thinking about the negative side of bitcoin and that it has a hidden agenda in achieving world currency domination, it is sound like the work of the Illuminati, but let's just be serious about this, I don't think bitcoin does have something like that, and bitcoin was made from the start with no value at all but it is push by it's very own creator and founder to probably increase and mine for a currency that will signifies a great value until today, even if others are really using bitcoin for bad purpose and criminal act, it gives many users the edge in obtaining money for themselves that is significantly reasonable to achieved, and bitcoin is not just all negative, it has a positive quality that is why many people liked it,

Which is why governments are trying to eliminate cash as well, it is funny, the government creates something like cash and then they want to eliminate it and force us to use electronic payments and then the people find a way to do that without the them and they want to eliminate that too.

Great logic given though! I agree with you pal. Governments all over the world are trying to rule their public as robots. They want us to be their puppets. In this situation, bitcoins are posing threat to their tyranny because of its decentralized nature.

Sure, it's always Bitcoin because Bitcoin is famous and has become a household name but a few have had the chance to actually make a decent profits  from it.

Because bitcointalk is so good than others, many people in the world choose bitcointalk, for those who know.

Yes I also think that bitcoin is better than any other currency. Why because paper money cannot be used outside your home country. You will have to change your local currency into dollars and the dealer will receive his percentage and you will not receive the exact price. But on the other hand if someone has bitcoin in his wallet, he can use it anywhere in the world without exchanging his money.

Governments don't like to have things out of their control that's why they created banks. So they can tell to the people what to do by applying what they call monetary policies, the central bank of country decides which is better for the country so the people are forced to abide by these monetary policies which many may dislike. In bitcoin there is no one to give orders or to tell anyone what is the best money politics for the country, in bitcoin everyone decides for himself what to do. That is the reason why governments, banks and other big multi national corporation always want to regulate bitcoin, to control it.

because for now, bitcoin is a very promising investment with a profit that can be earned, because from year to year the price of bitcoin always increases, so it makes people believe that bitcoin is a promising investment for the future  ;D

yes i am very loyal to bitcoin, bitcoin is my job because bitcoin i get a lot of money ,, before knowing about bitcoin i do not have anything eg computer after know bitcoin i got many results ,, and Results from bitcoin i can buy a computer

Simply because bitcoin is effective, efficient and secure. It has all the potetials to grow bigger and bigger in the future. It gives opportunities for small time business minded people and is also profitable when in terms of signature campaigns. It is a good return of investment in general.

Hmmm ... I think why someone always bitcoin probably because with bitcoin they find it helpful because it has changed the lives of those who can make them millionaires. and those interested in the bitcoin because prices in the bitcoin can not guess and always low prices compared to the ride. bitcoin make someone feel happy and can make their lives even in the future.

LOL, try to read the OP, it was about the government regulating Bitcoin, and OP was just confused why these government keeps on picking Bitcoin and try to regulate it when fiat is more used in fraud and scams.

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Anyway, I think the government had their eyes on Bitcoin because of one thing, it is the trend, the future of currency and a great threat to the current finance system. 

because bitcoin is the source of the work is quite satisfactory because by using bitcoin we can live more than simple

If a governmet really wanted to control Bitcoin, I think there is a way to do it: by buying lots of it gradually. Being a Bitcoin whale I feel offers lots of control, and is not that hard if you have lots of money (although it is becoming harder at current prices)

why always bitcoin was a priority to others?, Because it has a good resources that can have a good or balance profit for their daily lives.
but somehow people abused too much bitcoin and it cause different types of illegal process and issues it affect other people who are
in need.

Of course it's a good investment opportunity for would-be investors and they can greatly profit from it if they don't hesitate in investing their income into bitcoin and refuse to listen to the negative news and propaganda against bitcoin.

I understand your sentiments and actually this is something that most if not all people in the bitcoin community clearly understood. However, the thing is we really cannot do something about it. Well we at some point may be able to do something but it will not matter, it will just be overlooked by the government. you see the thing is there is no government that is not corrupt. Every country have someone that is corrupt, some countries it may be less corrupt but still there is no government that has a clear conscience putting people first other than themselves. I think the main reason that the government keep on regulating bitcoin is that because they see profit in it. HUGE profit so what they do is that they sugar coat it with words like it is to avoid money laundering or other illegal activities. The thing is if a person wanted to do illegal things he/she will do that regardless of what law is there to stop him.

In fact, that only happens in countries that have accepted bitcoin as a currency, most of the sub-states, bitcoins exist and operate in secret. Recently, my government announced that they would grant bitcoin and all other altcoins. A bad thing is happening in my country.

There are numerous cryptocurrencies however bitcoin is most acclaimed and quickly developing cash on the grounds that in the event that you put your wage into bitcoin then you are getting considerably more procuring from that. It would twice be able to your contributed cash that is the reason individuals lean toward bitcoin rather going for other.

Because the value of bitcoin for now is very attractive that even the government want it. So they are making their on how to control it before its too late for them. Try understanding economics first so you should know the answers to your silly questions.

many speculation about bitcoin as cryptocurrency bitcoin are always in the top discussion because bitcoin are very expensive currency among us and bitcoin are the threat to all currency as first digital currency have highly potential to change the world of currency, even you put regulation how to use bitcoin in the proper ways the bad elements have a bright idea's how to become evil.

It is the premiere crypto currency and that's why everything seems to revolve around it in the crypto world. It makes sense to note that everything cryptocurrency will involve bitcoin whether good or bad and for a greater part bitcoin has successfully dealt with the bad news over the years.

because bitcoin is a investing and to earn a lot of money

I know that things aren't always as simple as they seem, but I believe this issue to be precisely as simple as it seems. Governments say they want to stop money laundering as it can be used to fund crime and terrorists, and I believe them. Bitcoin can be a threat, but so can anything else, and everything else is more or less already regulated.

Really the only thing governments aren't explicitly saying is that they want to be able to get a cut off all this money moving. They want to tax it and gain some extra revenue. I am not against this because taxes aren't inherently bad. They're really only just as bad as the way governments spend them.

I think if we invest in bitcoin, we will get a considerable profit.
 

Friends, you ignore the most important reason. Because bitcoin moves their cheese!
Got it, my friend?
Bitcoin is not controlled by any country. But paper money is made by every country.
If everyone uses bitcoin instead of your paper money, the country will go bankrupt

Bitcoin is very promising, I have invested in bitcoin and have gained considerable profit.

I agree to this 100%. The government is sort of blaming Bitcoin because of the crimes and illegal transactions happening. But they do not know is that those transactions were done through fiat money as well. And also I doubt that these criminals will stop doing their illegal activities when Bitcoin is banned. Even when Bitcoin was not yet existing, the illegal activities which is mostly drug transactions has already been going viral. And money laundering is also present in other investments like real estate and banks but they do not blame those investments. What they should do is to get those criminals instead of focusing on getting rid of Bitcoin.

Let's just let the person who has such a bad behavior. Surely he will be aware that when other people suffer he will also experience the dark times later.
we must continue to work hard and not too concerned with the person so that later did not experience significant pressure in earnings.

Because of the rising bitcoin prices, so that's a lot of Bitcoin enthusiasts.

actually it wasnt our concern if they do anything in their part,what matters is what we can do to bitcoin for them to be unsuccessful and be accept the reality that this crypto world is the start of new era.in which the privacy of every individual is indeed,and the government must have limitation having power against the people

Well bitcoin has set the standards when it comes to cryptocurrencies and so all the powers around the world against our financial freedom are targeted against it becvaise if bitcoin doesn't succeed then they can easily cripple the altcoins and that's the reason why these guys are doing everything against bitcoin and its users.

Why people love bitcoin because the profit of bitcoin fulfill their needs and they have provide them the opportunity of making money. Why always bitcoin I like it very much because I have invested my money in bitcoin in a small amount but it was happy with profit ratio.

why always bitcoin the reason there is a bitcoin is money that i need it to earn the value of every bitcoin its so very good price.i think bitcoin help me to be rich in the future.help my family to improve their life so ... so when I invest bitcoin sure the magnitude goes back to me.

Bitcoin is a transaction in this very advanced era, because the technology is getting more sophisticated and bitcoin applications are very much needed I really because bitcoin for transactions can also increase my own income.

So let's join in this more advanced era.

In life there are always some things that are not known to us, or something we can not fully understand. It is same with Bitcoin, it can not be followed and therefor we can't know who can exploit and how. Like in politic, with Bitcoin it is the same. Big players will always have advantage against common people. But that is something we can not change that easily.

It is always bitcoin because it has set the standards when it comes to digital currency or cryptocurrencies. Bitcoin is also a money that people needs. I think bitcoin can also help people to be rich in the future.

Because bitcoin is the only cryptocurrency which is most profitable and trustable than any other currency of the world. Most of the people in the world are investing only in bitcoin because they realize the importance of bitcoin and in the near future bitcoin will be the only acceptable digital currency all over the world.

That’s the reason that I myself give importance to bitcoin only. I cannot take any risk in investment in any other currency.

Because it is the best in all the cryptocurrency, bitcoin has the largest amount and value of all the crypto that is used anf ever made, and why bitcoin? Because bitcoin is always the one used by many companies and they invest in bitcoin because they will also get double income thats why they alwayd use bitcoin and also the people that trust bitcoin.

Yes Bitcoin is always because Bitcoin is the best in Technology and features, Now everyone is has the fan of Bitcoin because it is attracting all over the world and provide the great digital platform, When we talk about the Rate of Bitcoin there is no worry because Bitcoin rate is make top up and price goes up in any new upward and has a famous Currency in the next world.

Because the big investment is now a bitcoin so people use bitcoin as a job, not as a toy

I think we should think simple, why now bitcoin always be the main topic of conversation.
because bitcoin is the most beneficial way to infest, and everyone will be interested in bitcoin.
either later on its existence can make paper money around the world or whatever. which definitely the existence of bitcoin will be able to facilitate the world's financial transactions, because it only takes one currency is BITCOIN.

Because bitcoin is the most popular crypotocurrency. Maximum people invest here and they earn to good profit. So I think when we invest online our first choice bitcoin.

Actually bitcoin is going to teach a lot of things and it also going to provide a good source of income as well as bitcoin is now available in anywhere and bitcoin price is also high than any other currency you can invest here and also you can earn from other different ways so I think these are enough to explain someone about bitcoin.

I do not think that the government of any country will be able to fully control bitcoin. A reasoning is the control of crime ... Stupid. Now everyone quietly buys anything, including illegal goods, with the help of paper money, any - dollars, euros, kronas, pesos ... So why with bitcoin the percentage of presumption should increase? There is no logic in this.

The never ending cycle with the government always want to keep updated with lifestyle and spending spree of their citizens in the country it's like we are not free to spend our money without them taxing or monitoring where our funds came from which is the same with bitcoin in the 't internet because they are very conspicuous with what is a trend if there any activities which they don't like but is happening or have already occurred in the internet.

There is a digital revolution going on in the crypto currency space and it is true that some governments are trying to have a digital economy ,like in the case of India they implemented demonetization all of a sudden one year back and they wanted a digital economy to thrive and the problem with those situation is that the government will have full control over the citizens and they have record for each and every money spent and they could literally do anything which is a scary situation .

Just the tradition and inertia of thinking. Bitcoin is hopelessly outdated and all these stories with the attempts of his fork confirm this.

I think government want's to get a piece of the piece when ever you do some shopping specially online. Is the tax that what's keeping the government running that's why they want to regulate as much as possible cryptos like bitcoin. On the other hand, the bitcoin community like us doesn't want to put ourselves under the government's arm so it will be a continuous battle. So we need to prepare ourselves in the future about government putting a harder stance against bitcoin. We don't like it, but if you live in a nation were bitcoin is banned, its either you go somewhere else or just accept and face the facts that you are being taxed.