Government and Bitcoin

[doroshok2]

Since the government cannot control bitcoin, it will burn it. Since there is no benefit to the government, the government can not take taxes on bitcoin, and there before losses itself.

[FrankHilk9]

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, so it bring good benefits and resources live more fully thanks to bitcoin.

[rafi035]

Why, until now, government all over the world still doesn't trust bitcoin?

many countries that do not trust bitcoin the reason may be bitcoin still not become the official currency recognized all over the country and bitcoin many in the nag is always associated with crime

[Kytanylu]

I live in Paris. We have already legalized cryptocurrencies and I am proud in this regard for my country. Thank You.

[danwanyd]

BTC born is the enemy of government, the government does not have any control the currency authority, their duty is to protect the citizens' lives and property, even though the currency was not enough to trust, but they do see using BTC's true potential.

So now the government is rapidly developing the blockchain technology.

[lehuong]

https://www.reddit.com/r/Bitcoin/comments/33gogm/why_governments_dont_trust_bitcoin/

funny. I just read that like a hour ago.

the government of my country has policies Government Office has just written to convey the opinion of the higher level assigned ministries and sectors of the Government to quickly review and propose economic management plan on some bitcoin domains and virtual currencies

[Md.salauddin]

Government and bitcoin are not the enemy of each others, they are running on there own track and the track of bitcoin is different from the thought of Government, they need some time to understand it because it is a new conception.

[posi]

Why, until now, government all over the world still doesn't trust bitcoin?

perhaps the answer that needs to be said is that the bitcoin currency has not been recognized and inaugurated as the currency that applies throughout the country and the exchange is still not maximized, and bitcoin is always associated with crime and its movement is probably the least I can say

Yes, bitcoin is yet to be recognize as currency but we already bitcoin exchange through out the country except the country where bitcoin was banned. However, I'm hurt due to what you said concerning bitcoin to always associate with crime and i believe you're not ought to be here cause it seems you're here by mistake.

[demonist]

Mostly because governments can't control bitcoin, and are afraid of such high volatility. when bitcoin will be accepted by the biggest countries in the world, as it would affect their economy.

[Taronet-division]

forbid bitcoin because it is not profitable for him. the decentralized system made the government unable to do much and prohibited. lack of confidence in him

[bitzizzix]

Why, until now, government all over the world still doesn't trust bitcoin?

Maybe the government does not trust bitcoin and really does not understand the bitcoin work system, and I think the government's action to ban bitcoin in this country because it has many reasons and all for the good of its people though bitcoin is very helpful because of the economy. think let the government ban it and as long as we can still use it should be put to good use.
the government has the right to ban all people entering the country including bitcoin, and we only hope bitcoin is acceptable across the country.

[andrino]

The nation's have different area and sovereignty that's why the legalization of bitcoin is big issue. That's the truth and reasons why the countries all over the world did not become accepted but in some part it is very welcome. Maybe few years from now bitcoin will become welcome more acceptable.

[devlincarter.868]

Government and bitcoin and other crypto currency is the most intense topic to talk about right now in crypto currency world. aBitcoin will have its battle with government, yet bitcoin is at least somewhat straightforward more or less mysterious. because the government can't control bitcoin that they don't like it, all they can do is to influence their citizens and discredit potential of bitcoin.

[Harrisonimo]

Why, until now, government all over the world still doesn't trust bitcoin?

I watched a video recently by John McAfee, as regards how the governments of the whole world in general have been enslaving its citizens; paying them and then devaluing what they pay them! The cryptocurrency is decentralized and giving power to the individual to do what ever he pleases with his earnings without government's interference. I believe the government's fear of being sidelined and becoming irrelevant has contributed to their fight against the bitcoin and cryptocurrencies at large.

[feinter]

Why, until now, government all over the world still doesn't trust bitcoin?

I watched a video recently by John McAfee, as regards how the governments of the whole world in general have been enslaving its citizens; paying them and then devaluing what they pay them! The cryptocurrency is decentralized and giving power to the individual to do what ever he pleases with his earnings without government's interference. I believe the government's fear of being sidelined and becoming irrelevant has contributed to their fight against the bitcoin and cryptocurrencies at large.

Bitcoin claims that “It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.” That lack of central authority is the primary reason governments are afraid of the cryptocurrency.

[tantimutz]

The representative behind Bitcoin is a force that defies the centralization of government and opposes the power of the Internet centrally!
As long as the "government" organization exists for one day, so-called "decentralized currencies" will be subject to government restrictions. Their interests are in conflict with each other.

[schenck04]

That's why the government thought BitCoin would break the economy and that the government could not control the bitcoin. But if the government that justifies bitcoin, I do not think you will think that way.

[33caseysalt]

The Government does not support something they cannot control.

[franzkie345]

The Government does not support something they cannot control.

For me bitcoin is a taxable so that government did not trust on bitcoin and we know government scared on bitcoin because theres possible to  replace our currency because bitcoin is good pricing and big chances the price will growth and become popular in every country so that government doesn't trust on bitcoin

[crypto3644]

governments still do not understand how bitcoin works and also do not want to lose control over money