charlenedave
Member
 Offline
Activity: 159
Merit: 10
|
 |
May 09, 2018, 02:47:44 PM |
|
Bitcoin is the first digital currency and it was introduced year 2009, as of now, it is becoming more valuable compared on its worth way back then; in Bitcoin, there's no involvement of government officials; it is just between the two user of Bitcoin during the transaction.
|
|
|
|
|
|
|
|
|
|
|
"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
jputra635
Newbie
Offline
Activity: 49
Merit: 0
|
|
May 09, 2018, 03:12:11 PM |
|
Bitcoin as digital asset or currency was created and introduced firstly in 2009. It was notvcreated by central bank or formal government institution and unregulated. It is operated under decentralized blockchain system.It is not controlled by the government but by all users.involved.in it.The government has the authority to ban it but it can.not run well, fluently since it.is decentralized fully.
|
|
|
|
|
jennygamilo
Newbie
Offline
Activity: 140
Merit: 0
|
|
May 09, 2018, 03:14:11 PM |
|
actually the government and the bitcoin can not agree, at the right time maybe yes, but now? the government can not really accept bitcoin because it simply does not have a tax and the government does not believe it is legal
|
|
|
|
|
callmeback
Jr. Member
Offline
Activity: 182
Merit: 2
|
|
May 09, 2018, 03:25:24 PM |
|
I know that its really hard for the government to accept bitcoin for the country but lets focus on the advantages of cryptocurrency in a country. Cryptocurrency provides not all but some of the needs for our economical aspects for our government. This won't change in the short term, because governments fear that their economy might get affected due to usage of bitcoin. Anyways, these countries think that bitcoin wiuld hurt their economy and migjt even think that as soon as bitcoin was implemented as a currency, them their own national currency might go obsolete abd useless.
|
|
|
|
|
Musia
Full Member
Offline
Activity: 518
Merit: 100
https://saturn.black
|
|
May 09, 2018, 03:25:42 PM |
|
I think the government is not paying attention to this area. Although they have to think about this thought. After all, bitcoin is quite a valuable cryptocurrency in this market.
|
|
|
|
reighbut2017
Jr. Member
Offline
Activity: 252
Merit: 2
|
|
May 09, 2018, 03:30:47 PM |
|
Why, until now, government all over the world still doesn't trust bitcoin?
Where did you get that information, Actually a large number of countries today already supported and accepted bitcoin transactions in some establishment. |
|
|
|
|
|
Spontebob
|
|
May 09, 2018, 03:42:09 PM |
|
Why, until now, government all over the world still doesn't trust bitcoin?
One of the main reason could be because bitcoin is a decentralized currency , which means that not a single person or goverment can control it, this means that if the goverment cant control it, then the goverment wont deal with it since it gives them no benefit. Because bitcoin is 'decentralized peer to peer network without middlemen' which can be used for crime and illegal transactions like money laundering, tax evasion, drug trafficking etc. Bitcoin needs to be studied thoroughly. |
|
|
|
|
gaurav82
Newbie
Offline
Activity: 238
Merit: 0
|
|
May 09, 2018, 04:36:36 PM |
|
In every country currency is control by government. And they does work for growth of it. But Bitcoin is out of control for them. I think they take it as competitor. And government don't have proper record of it.
|
|
|
|
|
|
IanRidgwell
|
|
May 09, 2018, 04:40:01 PM |
|
actually the government and the bitcoin can not agree, at the right time maybe yes, but now? the government can not really accept bitcoin because it simply does not have a tax and the government does not believe it is legal
different governments have different strategy about bitcoin, in my country now government has declare bitcoin as illegal but still most of the people are using it illegally, because they are getting a very good profit from it and they do not have any day job or business, japan government have different thinking about bitcoin they legalize it like fiat currency. |
|
|
|
BrindHexta
Newbie
Offline
Activity: 69
Merit: 0
|
|
May 10, 2018, 07:39:18 AM |
|
I think bitcoin still does not make sense to the government, why not make sense because the price is fantastic and the increase is quite high. It may be too dangerous for a country's economy.
|
|
|
|
|
Yatsan
Legendary
Offline
Activity: 2394
Merit: 1231
Leading Crypto Sports Betting & Casino Platform
|
|
May 10, 2018, 10:06:54 AM |
|
Many people are still aware the name of Bitcoin and the many governments thinks that bitcoin will damage their system. Here in india bitcoin is not legal or not iillegal but Indian government prepare to ban it.
I might correct you, though it is true that bitcoin was illegalized in countries around the world, the countries that banned compared to the countries that support and even let bitcoin be used in their territory is far more miniscule if you would consider. Anyways, these countries think that bitcoin would hurt their economy and might even think that as soon as bitcoin was implemented as a currency, them their own national currency might go obsolete and useless. |
| ..Stake.com.. | | | ▄████████████████████████████████████▄
██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄
██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████
██ ██████████ ██ ██ ██████████ ██ ▀██▀
██ ██ ██ ██████ ██ ██ ██ ██ ██
██ ██████ ██ █████ ███ ██████ ██ ████▄ ██
██ █████ ███ ████ ████ █████ ███ ████████
██ ████ ████ ██████████ ████ ████ ████▀
██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
██ ▀▀▀▀▀▀▀▀▀▀ ██
▀█████████▀ ▄████████████▄ ▀█████████▀
▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄
██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█ ▄▀▄ █▀▀█▀▄▄
█ █▀█ █ ▐ ▐▌
█ ▄██▄ █ ▌ █
█ ▄██████▄ █ ▌ ▐▌
█ ██████████ █ ▐ █
█ ▐██████████▌ █ ▐ ▐▌
█ ▀▀██████▀▀ █ ▌ █
█ ▄▄▄██▄▄▄ █ ▌▐▌
█ █▐ █
█ █▐▐▌
█ █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀ ▐█▌ ▀█▄
██ ▐█▌ ██
████▄ ▄█████▄ ▄████
████████▄███████████▄████████
███▀ █████████████ ▀███
██ ███████████ ██
▀█▄ █████████ ▄█▀
▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀
▀███████ ███████▀
▀█████▄ ▄█████▀
▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
blacktajin
Copper Member
Member
Offline
Activity: 83
Merit: 10
|
|
May 10, 2018, 10:19:05 AM |
|
Governments all over the worl are against bitcoin.Because they are afraid of its anonymous transactions and money laundering.If government accept bitcoin they though crime will be raise in their country.
|
|
|
|
|
|
thesmallgod
|
|
May 10, 2018, 10:32:26 AM |
|
do not expect the government to support any thing that doesnt benefit them. the major reason why government will not support bitcoin and other cryptocurrency is that they can not control it. which means they will not be able to tax users. secondly anonymous activities through which bitcoin can be used for are consider to be dangerous because they believe if its not monitored. crypto can be used for money laundering an other criminal activities. the most painful part of it is that the government is capitalizing on the cons without wanting to hear about the pros of bitcoin.
|
|
|
|
|
Hudadahuda2018
Jr. Member
Offline
Activity: 296
Merit: 2
|
|
May 10, 2018, 10:36:20 AM |
|
People always fear the unknown plus they are not deeply familliar with it, so maybe we must wait a bit till that.
If the government agrees with the existence of bitcoin then we do not need to be careful in terms of doing something work because I think it is safe in any case, let alone bitcoin inaugurated but what power if bitcoin still no consent at all so we must be careful to do something that we want to do. |
|
|
|
|
Quicksilver143
Newbie
Offline
Activity: 110
Merit: 0
|
|
May 10, 2018, 10:39:45 AM |
|
Simply because bitcoin is still new. Most people still doesn't trust bitcoin because of the risks and illegal things that is proven. We need to spread public awairness about bitcoin like sharing on social medias, introduce things to others in the right way.
|
|
|
|
|
hogriderr
Newbie
Offline
Activity: 78
Merit: 0
|
|
May 10, 2018, 01:10:18 PM |
|
The government announced a severe ban on the use of virtual currency (cryptocurrency) such as bitcoin as a means of transactions and payments in some countries but some countries have also accepted and made it a local government currency that does not accept the existence of bitcoin because it is high risk for money laundering and other crimes.
|
|
|
|
|
|
assyla
|
|
May 10, 2018, 01:21:16 PM |
|
Why, until now, government all over the world still doesn't trust bitcoin?
They cannot trust it because of the fact that it is still new and we need a lot of time to study cyptocurrecy. There are tons of advantages and disadvantages of bitcoin and other cryptocurrency so we dont have a power to tell the government of what we have know, lets just wait for a few moment, so that all government can think about it. |
|
|
|
redhorsebeer1980
Newbie
Offline
Activity: 168
Merit: 0
|
|
May 10, 2018, 01:37:03 PM |
|
Some government has its own reason why they still dont trust bitcoin.Bitcoin is anonymous and government cannot regulate bitcoin that is why lot still dont legalize bitcoin.In the near future many countries will legalize bitcoin because it is one means of generating revenue and taxes.
|
|
|
|
|
naldal kaka25
Newbie
Offline
Activity: 87
Merit: 0
|
|
May 10, 2018, 01:50:41 PM |
|
Your government is against bitcoin. There are certain reasons for this. The most important is the commission and interruptions. Money transfers in Crypto exchange are both fast and cheap.
|
|
|
|
|
quetoi2505
Newbie
Offline
Activity: 70
Merit: 0
|
|
May 10, 2018, 01:51:05 PM |
|
There are now a lot of the Government banned using bitcoin because they fear criminals use it with negative intent, but I think there are also some Governments accept bitcoin and let people use the bitcoin
|
|
|
|
|
|
