Government & Bitcoin

[Amph]

The 2nd way is they would just not deal with it and let it run without control (like it's now for most of the countries).

They are not letting bitcoin as it is, the fact is that most country is not aware of bitcoin yet therefore they seems to make it looks like that they let it go without any proper guidance or rules on it however it is not like that. Either way, whichever ways they choose it wont effect bitcoin totally, just partially

Believe me, all countries are aware of Bitcoin. Even third world countries.

Some governments even see Bitcoin as currency as a real threat to their economy. That's why they try to make it very difficult for people to use Bitcoin.

Some countries may even put you in prison for using Bitcoin. It's beyond ridiculous, but it's real stuff.

Do you know of anyone who did actually get behind the bars for just holding Bitcoin (I don't mean tax evasion or things like that)?

How real is that?

yes, look no farther than venezuela, two guy have been arrested because they were mining, not even dealing with bitcoin directly https://www.cryptocoinsnews.com/report-two-venezuelans-arrested-mining-bitcoin/

[morantis]

The 2nd way is they would just not deal with it and let it run without control (like it's now for most of the countries).

They are not letting bitcoin as it is, the fact is that most country is not aware of bitcoin yet therefore they seems to make it looks like that they let it go without any proper guidance or rules on it however it is not like that. Either way, whichever ways they choose it wont effect bitcoin totally, just partially

Believe me, all countries are aware of Bitcoin. Even third world countries.

Some governments even see Bitcoin as currency as a real threat to their economy. That's why they try to make it very difficult for people to use Bitcoin.

Some countries may even put you in prison for using Bitcoin. It's beyond ridiculous, but it's real stuff.

Do you know of anyone who did actually get behind the bars for just holding Bitcoin (I don't mean tax evasion or things like that)?

How real is that?

yes, look no farther than venezuela, two guy have been arrested because they were mining, not even dealing with bitcoin directly https://www.cryptocoinsnews.com/report-two-venezuelans-arrested-mining-bitcoin/

This is the stupidest thing I have ever heard.  Ok, if I launder money, yes, arrest me.  But the very process of laundering money is subverted by "creating" or "earning" such said money.  If I have $100,000 in cash and I want it turned into clean cash, then getting a job that pays me another $100,000 does nothing to help, other than show income if needed.  To launder is to alter the form of pre-existing currency into another and perhaps back again, mining would be useless as I already have the money. 

Arrest a guy for laundering drug money....ok, fine.  Arrest the "pirate" that made the website that helped him do so....sure, I guess, but really?  Arrest two guys for earning income just because it is in the same form that someone else used to launder money, that is pure and unadulterated bullshit.  You might as well arrest every one in the United States for holding the US dollar because it is sometimes used to hide illegal activity and launder money.  The same is true for every other country that has enough people to have crime.

[deisik]

The 2nd way is they would just not deal with it and let it run without control (like it's now for most of the countries).

They are not letting bitcoin as it is, the fact is that most country is not aware of bitcoin yet therefore they seems to make it looks like that they let it go without any proper guidance or rules on it however it is not like that. Either way, whichever ways they choose it wont effect bitcoin totally, just partially

Believe me, all countries are aware of Bitcoin. Even third world countries.

Some governments even see Bitcoin as currency as a real threat to their economy. That's why they try to make it very difficult for people to use Bitcoin.

Some countries may even put you in prison for using Bitcoin. It's beyond ridiculous, but it's real stuff.

Do you know of anyone who did actually get behind the bars for just holding Bitcoin (I don't mean tax evasion or things like that)?

How real is that?

yes, look no farther than venezuela, two guy have been arrested because they were mining, not even dealing with bitcoin directly https://www.cryptocoinsnews.com/report-two-venezuelans-arrested-mining-bitcoin/

This article says they were arrested on the pretext of smuggling goods since the guys didn't provide the documentation for the machinery. Whether or not this is related to Bitcoin mining as such remains to be seen. Let's wait for the court ruling...

If the guys manage to survive the proceedings, of course

[malphite]

The 2nd way is they would just not deal with it and let it run without control (like it's now for most of the countries).

They are not letting bitcoin as it is, the fact is that most country is not aware of bitcoin yet therefore they seems to make it looks like that they let it go without any proper guidance or rules on it however it is not like that. Either way, whichever ways they choose it wont effect bitcoin totally, just partially

Believe me, all countries are aware of Bitcoin. Even third world countries.

Some governments even see Bitcoin as currency as a real threat to their economy. That's why they try to make it very difficult for people to use Bitcoin.

Some countries may even put you in prison for using Bitcoin. It's beyond ridiculous, but it's real stuff.

Do you know of anyone who did actually get behind the bars for just holding Bitcoin (I don't mean tax evasion or things like that)?

How real is that?

I think thats to people who get caught right?

I mean if we are talking about tax evasion and what not.. but question is how did the person get caught using bitcoin for tax evasion when bitcoin is hard to track?

[ajun96]

Using bitcoin is not dangerous if you're wise and you don't doing anything illegal especially on darknet.
 And i think nobody will trace you if you don't turning to much money, and making noise about it.
Use Montero for such activities, and you are good, just kidding

there are some countries which prohibit the use of bitcoin. if they keep using bitcoin surely they would go into a holding cell. and for the citizens and residents of the country. bitcoin is certainly very dangerous for them.
but the government will not know if you're wearing bitcoin. because bitcoin is anonymous. so bitcoin is not really harmful

[blackmachinegun]

Actually if bitcoin and goverment can cooperate together , bitcoin mobility will increase as it will affect on global transaction which make profit for some company. Let say if fast food restaurant or hotel accept bitcoin as legal currency. Goverment can also charge their tax for income that can make country keep growing and develop !

LOL I laughed at your story that the government could provide tax for bitcoin? Now think how great the government can count your wealth in bitcoin? nobody knows how many addresses you have / wallet and how much your bitcoin. the government will not be able to feed that to the wealth tax. if they do not know the total of your bitcoin

[LCSociety]

Governments will never allow bitcoins as they cant tax it.

well that's not true, since IRS can already tax it pretty well, and there it is also regualted

taxes would be the only reason for them to tax bitcoin if anything...

Yes, and what is amazing to me is that the rate of adoption by general public is slow due to 1. the government not being involved with bitcoin, 2. the government not being able to tax bitcoin, 3. the regulatory uncertainty of bitcoin

They don't understand that bitcoins sole purpose is to provide an alternative to government control

This is the same reason people get excited when banks come out in support of "the blockchain, and not bitcoin" even though bitcoin threatens the very existence of big banking

[goinmerry]

But we still need some order here, and we all risking greatly when we sending our precious coins to non regulated exchanges, and this must be changed. I don't know how but we must find some solutions. Or we are going to be GOXed every year, every month..

If there will be order then it concludes that someone is taking control of everything. It will not be a free coin anymore. People love using this because of freedom. They love having their own bank. So this "order" needs to be talked. But who will?

[knowhow]

But we still need some order here, and we all risking greatly when we sending our precious coins to non regulated exchanges, and this must be changed. I don't know how but we must find some solutions. Or we are going to be GOXed every year, every month..

If there will be order then it concludes that someone is taking control of everything. It will not be a free coin anymore. People love using this because of freedom. They love having their own bank. So this "order" needs to be talked. But who will?

Governements are putting some people into the jail,money laundry this were the reason they put some people into jail,my wife told me that she saw on television.Well that is one bad use and goverment will always act against,but sure they are scared to loose their fees if people would moove to bitcoin for full,they couldnt tax as wont know the real ammount each user has.They cant control bitcoin with their rules,the only way it to buy bitcoin till get almost or above 70% total coins ,from there they can control.

[AlexBits]

I think the government doesn't want to work with the coin because the only thing
matters is gold. The only thing they want is gold that's why they never going to use the bit coin.

[Maslate]

Government will not adopt on the use of bitcoins because our government is corrupt, they cannot allow themselves being seen and audit when using the blockchain as bitcoin is know for transparency and they are not.

[Taki]

Now in this world something crazy is going on. Our currency (Rubble) is falling. And Euro and Dollar r continue to rise.
So Bitcoin is the perfect investment, cause of there is no hope for any other currency. They all can start to fall in any moment.

[Cybertron00]

Now in this world something crazy is going on. Our currency (Rubble) is falling. And Euro and Dollar r continue to rise.
So Bitcoin is the perfect investment, cause of there is no hope for any other currency. They all can start to fall in any moment.

I agree with you. Even if the other currency is falling down, we still have bitcoin that will bring us hope. 

[mirakal]

Bitcoins will never be legalize by the government, however they are making necessary measures like forcing other exchanges sites to enforce a KYC policy for their clients to prevent money laundering.

[goinmerry]

Now in this world something crazy is going on. Our currency (Rubble) is falling. And Euro and Dollar r continue to rise.
So Bitcoin is the perfect investment, cause of there is no hope for any other currency. They all can start to fall in any moment.

So this currency should be the one used be other country? Hmm there is a UN though I think it will be talked first and laws must be made before starting to do that. Just my opinion.

[Schuyler]

Governments should really consider investing into bitcoin, even a small amount. Instead of wasting people's taxes on shady deals, they ought to find ways on how to generate more for the taxes that we pay. But since when have the government been proactive? They always seem to be the last to know what's good for its citizens.

[Enotche]

From the latest news Russia: "The State Duma made a tour of the West sanctions via Bitcoin"

"In the context of the West's sanctions policy domestic business is in a very difficult situation. In order to prevent stagnation and decline, it should seek such directions of development, which, on the one hand, eliminating the need for harsh economic sanctions, and on the other, will meet the latest achievements of technological revolution. Projects based on Blockchain technologies are perhaps the rare case when these goals are fully fit, "- said Lugovoi at the round table" Prospects for the introduction and development of technology in Russia Blockchain ».
According to him, Blockchain is "sparse sphere", where Western sanctions allow Russian businesses "to fully express themselves and create something new." Lugovoi said that because the national economy can "break out far ahead."

I believe, if it is implemented, it will be a good incentive for cryptocurrency. Bitcoin is a great option to save the economy, during the severe economic crisis, countries are under economic sanctions.

[Dakron]

i think If all governments accept bitcoin can be an alternative currency then surely price will go sky rocket but it looks like that is quite difficult to happen in near to long term range. Mostly all big institutions will not allow that to happen.

[hermanhs09]

The government in my opinion hates bitcoin because it eliminates the need of a central bank or anything like that. You don't need commercial banks with BTC, you don't need treasuries with BTC. It's all unneeded.

Government hates deregulation.

[Maslate]

The government in my opinion hates bitcoin because it eliminates the need of a central bank or anything like that. You don't need commercial banks with BTC, you don't need treasuries with BTC. It's all unneeded.

Government hates deregulation.

You got it right, with BTC we do banking but we don't need banks. Banks will only charge us with a higher interest and that is because of the intervention of the government where they will also impose taxes on banks for corporation and for employees so the expenses in running a bank is really huge.