I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
They didn,t support bitcoin because bitcoin is decentralized currency, no one can control it, not even the government. Its anonymous so the government will be having hard time to collect taxes on this. Government rely on taxes they can get some have good intentions on taxes while others corrupt it. If they cant corrupt it better ban it. Anyway its just my thoughts.
The main problem of bitcoin in addition to decentralization is anonymous, of course the government would not like that bitcoin used by anonymous so that it can be used for money laundering crime, besides bitcoin can only be used on the internet network, so if the government legalize bitcoin then must provide infrastructure that supports internet .
Show Posts
