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Sam San
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May 13, 2018, 04:44:10 AM |
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Why, until now, government all over the world still doesn't trust bitcoin?
The reason why some governments are against bitcoin or fear bitcoin is that is not something that is directly within their control. What the government cannot control, it fears. The government prefers what they can control like they do with their Central Banks, can create or print money at will without recourse to anyone. Bitcoin is decentralized and derives its power from the government but if I think why the government is afraid of bitcoin it is the government is afraid that later with the bitcoin it can be misused to people who do not want to be responsible. such as transactions of goods such as drugs, firearms and can raise terrorism in the presence of bitcoin. because bitcoin is a quick way to get fund or money bitcoin recognized legally in circulation very much changes the legislation will have to change the tax laws, laws on money laundering and so on, and as for the use of it in non-legal activities, the usual cash can and are used for the listed negative aspects of life, but with money not who is not fighting, fighting with the use. |
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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israthj
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May 13, 2018, 05:11:24 AM |
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Government wants to control the people & control their money but bitcoin is not easy to control. For that reason, government all over the world still doesn't trust bitcoin. And I also think it's not about trust it's about control.
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sagatel
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https://www.soar.earth/
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May 13, 2018, 07:41:52 AM |
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Why, until now, government all over the world still doesn't trust bitcoin?
The government appreciate the stability! And cryptocurrency violates all the basics of a stable situation in the country. And control of citizens becomes more difficult. |
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Ngewex Yuk
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May 13, 2018, 08:01:25 AM |
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It is appropriate that the state immediately legalize bitcoin so as to provide an opportunity for everyone to improve their lives, I am sure that the future of the world transaction system immediately using bitcoin.
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TIME
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SLEEP
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Kakawate
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May 13, 2018, 08:31:15 AM |
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Why, until now, government all over the world still doesn't trust bitcoin?
I think the government is finding it hard to put a stand where the government and the cryptoworld will have the same advantage, maybe they see that cryptocurrency is gonna be a problem to the government when it becomes widely used by the people. Accepting these new technologies has been creating a huge diferrence in the world, not just positively but negatively aswell, cryptocurrency is gonna be taking up a big part of the world, so big problems are expected as well. |
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Bitcoinismylife12345
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May 13, 2018, 08:40:58 AM |
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Why, until now, government all over the world still doesn't trust bitcoin?
Because bitcoin is still new and there's somethings that needs to be developed on its system. Another is, most of the users don't fully trust what bitcoin can offer to our future, they're just here because it can give them profit, other than that is nothing. |
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fishball
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May 13, 2018, 09:06:29 AM |
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Why, until now, government all over the world still doesn't trust bitcoin?
I think the government is still struggling on finding a way/s where, what and how they can get advantage if they legalized bitcoin. |
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nieninja53
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May 13, 2018, 09:07:18 AM |
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Government of some countries are feeling uncomfortable for the country financial system and considering bitcoin payment system is not secure and having some fraudulent activities and the main thing some countries taking as illegal because it is decentralized currency and it may use for illegal activities,
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mayukus4life
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May 13, 2018, 09:12:30 AM |
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Most countries rejecting bitcoin, are doing so because they feel it might serve as a source of moving funds illegally since they will not be able to track transactions with time more countries will adopt it. This is digital currency era, so the train cannot be crushed, with more research they will allow with some regulations and some see it as posing threats to their central banks.
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KingOfWinterfell01
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May 13, 2018, 09:13:39 AM |
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Why, until now, government all over the world still doesn't trust bitcoin?
This is because there are a lot of plot holes into making them to trust bitcoins. It is hard to trust a technology that doesn't have security. We can't have stability in pricing in bitcoins, that's why a lot of people have issues in incorporating bitcoins in their daily lives. |
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Magic Sarap
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May 13, 2018, 09:14:13 AM |
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Why, until now, government all over the world still doesn't trust bitcoin?
I think maybe the government are at the episode where dilemma really hits them or they still finding about the advantages and why they can trust this cryptocurrency and how they should trust it. |
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zngit
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May 13, 2018, 09:14:38 AM |
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Why, until now, government all over the world still doesn't trust bitcoin?
Government can regulate the total motion of bitcoin to partial motion. In this case bitcoin and government will not in the same booth. It shape by the against the red tag. As what I know in crypto forum don't trust anyone except yourself. That's what I think the mainstream of the problem the division. |
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haydort
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May 13, 2018, 09:15:05 AM |
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Because it's a whole paradigm shift from the norm. Bucks the trend. It's a new phenomenon.
Bitcoin threatens to eat into alot of the old money/old guard's livelihood. Centralized banks and authorities especially.
This is a truly revolutionary invention. It'll change the way currency and money is looked at forever.
I'd be shitting bricks too if I were the Government...
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btcpara
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May 13, 2018, 09:19:31 AM |
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will,governments are afraid that banks will lose their customers,so people can invest in bitcoin without paying taxes the banking system is compromised.
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perfryan
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May 13, 2018, 09:20:47 AM |
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Why, until now, government all over the world still doesn't trust bitcoin?
A big part of the early adopters of bitcoin were people who are deeply worried about government Bitcoin can't be monitored by the government It is transparent to the blockchain.this is true of bitcoin. |
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CherRic
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May 13, 2018, 09:22:55 AM |
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Why, until now, government all over the world still doesn't trust bitcoin?
It is the opposite thing now. Before, Bitcoin was new and almost unpopular to everyone, likewise it was not that reputatble and trusted before. Right now, bitcoin has proven its worth and its usefulness to many people. Aside from being popular now, it is indeed the most successful innovations now. |
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rileynicole17
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May 13, 2018, 09:28:07 AM |
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It's because of issues with regards to bitcoin. There are so many issues about bitcoin that make a bad impression to other people. Some government thinks that it won't make the economy productive and will not help people.
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Roche44
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May 13, 2018, 09:30:46 AM |
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Because no government can control it or wish to control it. Besides many people use this online currency to do evil work such as money-laundering, buying-Selling weaponry and many more.
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Devasasmita
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May 13, 2018, 09:31:59 AM |
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hiroshima786
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May 13, 2018, 09:51:07 AM |
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Bitcoin crypto coins about all of the government of the different types of like think to can be seen.Any of the government bitcoin legitimate has.Again any of the government it legal did.Any of the government is that it, its economy important to role will.Just the government of a variety of lots of people about it in many different types of opinion is.
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