How to make governments accept bitcoin?

[requester]

We are going to have national bitcoin and cryptocurrency sumit on next week and there many government officials and eepresentative from exchanges, GBminners, banking secsector and overall it's gonna become a huge function for bitcoin and future of cryptocurrency. I hope everything good happens.

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[OrangeII]

perhaps by showing positive activity against the government, such as creating a great business, and encourage people to use bitcoin. maybe so, the government will issue a warrant to make bitcoin be legal, and can be used for good business freely. Well, maybe it would work.

[olushakes]

Making government accepts bitcoin is going to be a difficult task to achieve not by the government themselves but by the people whose interest might be threatened if government should make such decisions and these set of people are the one who the fight should be against and not government because majority of those people who will make laws in my own country sits on boards of corporations that their revenue might take a nose dive should government go that way.

[roadbits]

No need to anything just pay a for your bitcoin transaction the government will automatically accept Bitcoin as a legal currency. They don't look for what purpose people use Bitcoin they need the just revenue that's it. If they get income from Bitcoin transaction, they will accept this Bitcoin as a legal currency. All politicians look for money they don't look for country growth.

[Creepings]

There are lots and lots of reason why bitcoin is not being used as a national currency of a country, one is collecting tax, if try were to make bitcoin a currency of their country, they must know how to get taxes from the transactions of salaries and payments, taxes are essential for a country. There are transactions that we don't know and they must be monitored, bitcoin can be used to smuggle and corruption if they will not monitor his transactions.

[Marma Kalari]

There are lots and lots of reason why bitcoin is not being used as a national currency of a country, one is collecting tax, if try were to make bitcoin a currency of their country, they must know how to get taxes from the transactions of salaries and payments, taxes are essential for a country. There are transactions that we don't know and they must be monitored, bitcoin can be used to smuggle and corruption if they will not monitor his transactions.

No government will be making bitcoin an official currency ,it is like United states rejecting their dollar and starts accepting pound or euro ,so it is not going to happen and it can co exist and not the other way round. Even fiat is used to smuggle and corruption so whats wrong when people innovate .

[shinratensei_]

There are lots and lots of reason why bitcoin is not being used as a national currency of a country, one is collecting tax, if try were to make bitcoin a currency of their country, they must know how to get taxes from the transactions of salaries and payments, taxes are essential for a country. There are transactions that we don't know and they must be monitored, bitcoin can be used to smuggle and corruption if they will not monitor his transactions.

Bitcoin isn't ready to become the prime currency at least you can see from his unconfirmed transaction charts. too many the transaction is getting a delay. Bitcoin still needs a lot of improvement for himself.

No government will be making bitcoin an official currency ,it is like United states rejecting their dollar and starts accepting pound or euro ,so it is not going to happen and it can co exist and not the other way round. Even fiat is used to smuggle and corruption so whats wrong when people innovate .

What's official currency? I don't understand about your sentence.

[italianobitcoin]

There are lots and lots of reason why bitcoin is not being used as a national currency of a country, one is collecting tax, if try were to make bitcoin a currency of their country, they must know how to get taxes from the transactions of salaries and payments, taxes are essential for a country. There are transactions that we don't know and they must be monitored, bitcoin can be used to smuggle and corruption if they will not monitor his transactions.

Tax is a reason why governements should be involved with btc, either monitoring it or implementing it. Because the volumes. Over 180M a day (currently), makes it profitable tax wise.

But my opinion is that they don't understand how bitcoin actually works.

[Skarner21]

There are lots and lots of reason why bitcoin is not being used as a national currency of a country, one is collecting tax, if try were to make bitcoin a currency of their country, they must know how to get taxes from the transactions of salaries and payments, taxes are essential for a country. There are transactions that we don't know and they must be monitored, bitcoin can be used to smuggle and corruption if they will not monitor his transactions.

No government will be making bitcoin an official currency ,it is like United states rejecting their dollar and starts accepting pound or euro ,so it is not going to happen and it can co exist and not the other way round. Even fiat is used to smuggle and corruption so whats wrong when people innovate .

Because of corruption i think they can accept bitcoin because of anonymity they can use this for corruption..
But for other officials of government they can not accept it to use bitcoin legally because of anonymous they can use it to be corrupt in government so this is the reason that i think it can be happen if the are using it and make it legal to use.. So they don't let happen unless if the president is corrupted,

[ImHash]

Governments won't easily allow bitcoin to be the currency to be used in the country. Other than anonymity the biggest hurdles is that governments can't give the users the assurance of trust similar to the local fiat. Because currency was printed based upon a value placed in relation to commodity. Bitcoin just move depending upon the technology.

Where on earth did you get such crap from? Please wake up man, this is 21st century and there is not one government on plant earth that has its currency backed even by the sands in the seas. If there was anything like assurance of trust for the fiat currencies, the world would have been such a lovely place. Take another look at any fiat currency at your disposal, what you are is piece of paper or some coin and that's all about it. The governments can print them anytime, any quantity and create all manners of financial crisis as a result of that.

With Bitcoin, you already know the cap is at 21 million coins and counterfeit is ruled out. That explains why the governments all over are scared of what Bitcoin can do to their local currencies, should it become mainstream.

Please first learn about the money and printing them, there is only one giant world bank that allows any country to print money and a few selected countries with the ability and means needed to do so, UK and US with RU are the ones I know about and if you think your national paper money is printed inside the country and behind closed doors then you are as naive as it gets.
Did you really think every government in the world are freely printing unlimited fiat? if it was that easy then each one of them would've tried to devalue others by saturating the economy of their enemies.

In traditional economy there are only a few with the most advantages and having access to billions of dollars without even working for it, but bitcoin is equally distributed among those working for it with the proof of work before being rewarded and that is against the law of monopoly and power.

[aardvark15]

I think governments will gradually see the benefits of Bitcoin and will become less afraid of it over time. As long as it's not outlawed, Bitcoin should do fine.

[erickkyut]

If we can make the government agree to accept bitcoin, they will demand that we need to provide an identification for every wallet and transactions we will make. It might also demand that every transactions should be taxable. Are you prepared to accept that? Because if that will happen, we will lose the very essence of bitcoin.

[Sir Paijoe]

Must be proposed by a member of the Senate, when the use of the bitcoin languid, surely will be the sensitive issues so they can make the members of the Senate to make laws that can accept bitcoin.

[LeGaulois]

If we can make the government agree to accept bitcoin, they will demand that we need to provide an identification for every wallet and transactions we will make. It might also demand that every transactions should be taxable. Are you prepared to accept that? Because if that will happen, we will lose the very essence of bitcoin.

That's what Europe would like to add and talked about recently. Listing and track each bitcoin users. As for the taxs, why not, it helps the country (considering it is used efficiently) Aren't you happy to have hospitals, or your kid can go to school and you pay nothing ? Then it is with the taxs collected. People should be happy to pay taxs. For exemple you see people who complaint about their country telling the hospital in the city is bad, roads are not good, ect ect but they fraud the taxs LOL, this is ironic

[bitcampaign]

you need to start work small, that you want to share with the community of the people closest to you to share information introduces bitcoin how to use bitcoin, I think in a way it was quite interesting in the long run Because when people have started to feel comfortable using bitcoin course the government will surely accept bitcoin and do not make them a threat to society

[kelsey]

almost the entire point of p2p currency is to be indifferent to gov.........but that's lost on most the current crypto crowd.

[RoommateAgreement]

If we can make the government agree to accept bitcoin, they will demand that we need to provide an identification for every wallet and transactions we will make. It might also demand that every transactions should be taxable. Are you prepared to accept that? Because if that will happen, we will lose the very essence of bitcoin.

That's what Europe would like to add and talked about recently. Listing and track each bitcoin users. As for the taxs, why not, it helps the country (considering it is used efficiently) Aren't you happy to have hospitals, or your kid can go to school and you pay nothing ? Then it is with the taxs collected. People should be happy to pay taxs. For exemple you see people who complaint about their country telling the hospital in the city is bad, roads are not good, ect ect but they fraud the taxs LOL, this is ironic

i agree with this but people are never happy when it comes to paying taxes, no matter which country they live in. but what surprises me most is the fact that when it comes to paying taxes on things when they use fiat, nobody complains but when it comes to paying taxes on things when they used bitcoin everybody starts screaming!

[rickadone]

perhaps by showing positive activity against the government, such as creating a great business, and encourage people to use bitcoin. maybe so, the government will issue a warrant to make bitcoin be legal, and can be used for good business freely. Well, maybe it would work.

Maybe that is true, up until now bitcoin has been only used for activities that are not profitable for them like gambling and especially in the black market which not only destroys the economy but also enhance the illegal activities such as drugs hacking and even guns, not all of people using it use it for these things but the amount of bitcoin transactions made in these markets is huge that is why it is sometimes considered bad by non-bitcoiners.

[South Park]

it takes time and trust that bitcoin is recognized by a state. many governments still fear in legalizing bitcoin. the only way is to use bitcoin as often as possible. So the government should not have to recognize bitcoin for a functioning economic system in the country.

for now, the government is very scared with bitcoin, because they think bitcoin currency is illegal and assist the process of crime such as money laundering and so on. maybe in the future the government can accept bitcoin under certain conditions

i think the accepting of bitcoin by the government is concern with the mass adoption. if people are accepting bitcoin and their number is increasing then government will also think about accepting bitcoin, but it is also a fact the government will accept bitcoin under certain conditions.

Yes, before making government accepting bitcoin payment system, we must make our friends and colleagues to adopt bitcoins. When more number of people will be using bitcoins, there will be more merchants and hence government may start think about accepting bitcoins as one of medium of exchange with some regulations like imposing taxes.

Nope, a government does not care about how many the people are trying to adopting the bitcoin in nowadays. but they just need to prevent the risk has provided by bitcoin.
A lot of the adoption in Venezuela and it's not showing good interest by the government.

I’m pretty sure the Venezuelan governments hates any way the people can use to avoid the crazy inflation that goes in their country, that is why there is a control of dollars in the country and bitcoin is even worst since you have no way to control it at all.

[Carlsen]

If we can make the government agree to accept bitcoin, they will demand that we need to provide an identification for every wallet and transactions we will make. It might also demand that every transactions should be taxable. Are you prepared to accept that? Because if that will happen, we will lose the very essence of bitcoin.

That's what Europe would like to add and talked about recently. Listing and track each bitcoin users. As for the taxs, why not, it helps the country (considering it is used efficiently) Aren't you happy to have hospitals, or your kid can go to school and you pay nothing ? Then it is with the taxs collected. People should be happy to pay taxs. For exemple you see people who complaint about their country telling the hospital in the city is bad, roads are not good, ect ect but they fraud the taxs LOL, this is ironic

I think one reason why many people do not want to pay taxes is that they think the taxes are not used in a correct form.
In many countries taxes simply disappear in deep pockets or are applied for useless stuff.
Curruption itself is the biggest problem, unfortunatelly bitcoin itself with its anonymity can be used for exactly that.