How to make governments accept bitcoin?

[loreykyutt05]

I have a question for you. How to make governments accept bitcoin and not see it as a threat? So that one could use bitcoin in daily use, such as paying taxes or grocery shopping. What is there, other than anonymity, thats making governments fear bitcoin and cryptocurrencies?

Actually sir bitcoin will never be a threat to a country in fact bitcoin help the economic status of a country to rise  and also it help to increase the national income of the country since dollars are coming in the country! Bitcoin is something government should thank for because it will help to rise the economic status of a country and people will be comfortable when paying their bills

[machinek20]

I have a question for you. How to make governments accept bitcoin and not see it as a threat? So that one could use bitcoin in daily use, such as paying taxes or grocery shopping. What is there, other than anonymity, thats making governments fear bitcoin and cryptocurrencies?

Actually sir bitcoin will never be a threat to a country in fact bitcoin help the economic status of a country to rise  and also it help to increase the national income of the country since dollars are coming in the country! Bitcoin is something government should thank for because it will help to rise the economic status of a country and people will be comfortable when paying their bills

Government is considered bitcoin as a threat because it can disrupt the economic balance and then bitcoin is anonymous so the government cant control the transaction and cant detect how much wealth that the person had, so the government couldnt tax the person, to make the government accept it is simple, just report all your transaction, but i am not willing to do it

[RhodaGila]

I think it will not be easy to convince the government to accept Bitcoin as legal tender.
They still can not believe this, still hesitant or unwilling to completely accept Bitcoin, but there is the possibility of them to accept or facilitate but not until it becomes legal tender, Bitcoin may be equated with paypal and others.

[d@nte]

I have a question for you. How to make governments accept bitcoin and not see it as a threat? So that one could use bitcoin in daily use, such as paying taxes or grocery shopping. What is there, other than anonymity, thats making governments fear bitcoin and cryptocurrencies?

Actually sir bitcoin will never be a threat to a country in fact bitcoin help the economic status of a country to rise  and also it help to increase the national income of the country since dollars are coming in the country! Bitcoin is something government should thank for because it will help to rise the economic status of a country and people will be comfortable when paying their bills

Government is considered bitcoin as a threat because it can disrupt the economic balance and then bitcoin is anonymous so the government cant control the transaction and cant detect how much wealth that the person had, so the government couldnt tax the person, to make the government accept it is simple, just report all your transaction, but i am not willing to do it

In fact, Bitcoin is feared by many governments, since this technology can change the way people perceive the impacts that a centralized currency can have on the economy, and so these people would realize that Bitcoin is a more beneficial solution for society.
The fact that some governments create restrictions, is not something that always causes problems for Bitcoin, because in general this only makes people know the currency even more.

[DoublerHunter]

It is not hard for some governments to accept bitcoin IF they understand how bitcoin works and what are the advantages in using bitocin as another kind of currency or payment system. If we just explain about the bitcoin to government in a very simple and understandable way then it will not hard for government to accept bitcoin and promote it legally.

[Xenophoto]

It is not hard for some governments to accept bitcoin IF they understand how bitcoin works and what are the advantages in using bitocin as another kind of currency or payment system. If we just explain about the bitcoin to government in a very simple and understandable way then it will not hard for government to accept bitcoin and promote it legally.

Do you think your government is dumb or something? Or you simply think that you know more than them? They know and understand how this works. They are keeping an eye on us. Maybe not exactly those people that are in the government like the president, senator, etc. but there are people that works for the government to give the government insights about such topic. And they don't bother telling the people that's above them unless someone significant has happened. For example, the number of bitcoin is suddenly increasing at a crazy rate.

The government knows that bitcoin is decentralized and that's not good at their perspective. If they ban bitcoins, or even just speak about bitcoins, everyone will be curious about it and eventually be enlightened about it. It would create a butterfly effect and eventually everyone would turn against their own government after realizing what a fiat slave have they been.

[target]

I don't think a government will give up what they could control over a currency that would take years on explaining to their own employees how bitcoin works.  And like they said, if all those things are explained to them and more and more people learned about how the government had kept their people from being slave all their lives, a revolt could happen leaving chaos to rule. It is better this way that they kept people from learning how decentralized the world should be. If majority of the people are more open to this technology then its good.

[btcYoshimitsu]

Can't stop the madness - to lead it.

[Floret20]

It is really hard to make governments accept bitcoin. Because as it is considered as a great threat to the economy of a country. But we all know that nothing is impossible in the world. So, we can show the positive attitude as well as assertive side of bitcoin slowly. Then the task can be solved easily.

[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.

Venezuela tried hard to come out of inflation with the use of bitcoin. Eventually people started mining and supported the economy through the earning made, but recent days regulations of the government is very worse. Destroyed several mining farms as well the users were under investigation.

Which show us once again, as if we needed confirmation, that governments care about themselves and not the people instead of letting people prosper with the use of a new currency not suffering the fate of the national currency governments try to crush individual enterprise with laws and regulations and even the use of force.

[Przemax]

First you should have to find some way to get rid of a government debt. All government in the world are just drown in debt. And the only thing that gives power to fiat money is debt and taxes. So no, sorry its imposible for government to go against their lenders as being a bad to their lenders would result in increasing the interest rates on the debt.

[Pattart]

It is not hard for some governments to accept bitcoin IF they understand how bitcoin works and what are the advantages in using bitocin as another kind of currency or payment system. If we just explain about the bitcoin to government in a very simple and understandable way then it will not hard for government to accept bitcoin and promote it legally.

I think the government has a lot of experts, so that they understand how to work on bitcoin, so they're doing a ban on bitcoin. if bitcoin legalized without any control. it will threaten the government itself

[zidanw]

It is not hard for some governments to accept bitcoin IF they understand how bitcoin works and what are the advantages in using bitocin as another kind of currency or payment system. If we just explain about the bitcoin to government in a very simple and understandable way then it will not hard for government to accept bitcoin and promote it legally.

I think the government has a lot of experts, so that they understand how to work on bitcoin, so they're doing a ban on bitcoin. if bitcoin legalized without any control. it will threaten the government itself

the government not only see advantages, but also see disadvantages bitcoin, I think the government better understand the advantages and disadvantages to the country if accept bitcoin than you

[ged00u]

It is not hard for some governments to accept bitcoin IF they understand how bitcoin works and what are the advantages in using bitocin as another kind of currency or payment system. If we just explain about the bitcoin to government in a very simple and understandable way then it will not hard for government to accept bitcoin and promote it legally.

I think the government has a lot of experts, so that they understand how to work on bitcoin, so they're doing a ban on bitcoin. if bitcoin legalized without any control. it will threaten the government itself

the government not only see advantages, but also see disadvantages bitcoin, I think the government better understand the advantages and disadvantages to the country if accept bitcoin than you

They understand Bitcoin and how the blockchain work.  And they also know if they let the people using Bitcoin,  they can never collect tax or control the property of the people.  Therefore,  they refuse accepting Bitcoin and some countries even ban Bitcoin permanently. Bitcoin is  good,  but it can not against the government without any support from us

[Xester]

As it becomes more successful and more prosperous , it would become more acceptable.
 It would have to do a lot of hard work to be accepted by bitcoin.
It should first be a hot
topic to be discussed about in news and stuff , then this topic
would be discussed at higher stages and one a time will come when the government
would include in a speech or would directly initiate bitcoin.
But bitcoin has to wait a lot to be accepted by the government.

Actually countries are beginning to accept bitcoins. The Philippine government through the Central Bank has announced that they see merit in the use of bitcoin as form of payment. They have seen that bitcoin will be of big help to the economy both offline and online. As such to avoid money laundering they have set some rules so that bitcoin will not be used in illicit activities.

[sunsilk]

It is really hard to make governments accept bitcoin. Because as it is considered as a great threat to the economy of a country. But we all know that nothing is impossible in the world. So, we can show the positive attitude as well as assertive side of bitcoin slowly. Then the task can be solved easily.

For me it is not that hard to make them accept bitcoin. Because if they will see the benefits it can give to their countrymen.

They are the ones that will allow and legalize the usage of bitcoin to their own countries. And I guess there are some countries that are already into it.

Because they can also implement taxation on it.

[BlackPanda]

First you should have to find some way to get rid of a government debt. All government in the world are just drown in debt. And the only thing that gives power to fiat money is debt and taxes. So no, sorry its imposible for government to go against their lenders as being a bad to their lenders would result in increasing the interest rates on the debt.

it is one that could be used to support the use of bitcoin in a country. but it certainly will be difficult and require considerable time to the process. need everyone and also stake holders to undergo all this.

[Rahar02]

What is there, other than anonymity, thats making governments fear bitcoin and cryptocurrencies?

Anonymity is the biggest hurdle for bitcoin to get accepted by governments/banks because they can't implement taxation as well as they can't track source of bitcoin. However anonymity is also the main feature due to which many users love to store in bitcoin and use it whenever they like.

Governments/banks may never accept direct bitcoin payments, but they may implement strict rules/regulation and high fees on local bitcoin trading platform. And as recent coinbase and PBOC investigation have shown that governments are now looking to get detail about every bitcoin traders who are actively trading bitcoin so that they can put tax on their earnings as well as limit money laundering.

Bitcoin as digital currency created to has all of those advantages, the nature of its creation.
However, bitcoin isn't fully anonymous, every transaction has been recorded in blockchain.
Moreover, in every transaction on big exchanges in the country which has regulations about money laundering and illegal funding, require Id confirmation. Well, in my country has the same regulations about exchanges.
So, how to make government accept bitcoin? Actually, they have accepted bitcoin as the regulations existence about it.
The best thing is government didn't banned bitcoin and stated it as commodity/asset/digital currency whatever they want.
If accept bitcoin mean become a legal payment such as fiat money in daily transaction, we should be able to do it as long as there is no any regulation that prohibits bitcoin used and consider as illegal payment. Cheers

[Rudi Setya]

you have to make geverments believe about bitcoin becausemany goverments not believe and not knows .. so education for goverments it's important

[Xenophoto]

What is there, other than anonymity, thats making governments fear bitcoin and cryptocurrencies?

Anonymity is the biggest hurdle for bitcoin to get accepted by governments/banks because they can't implement taxation as well as they can't track source of bitcoin. However anonymity is also the main feature due to which many users love to store in bitcoin and use it whenever they like.

Governments/banks may never accept direct bitcoin payments, but they may implement strict rules/regulation and high fees on local bitcoin trading platform. And as recent coinbase and PBOC investigation have shown that governments are now looking to get detail about every bitcoin traders who are actively trading bitcoin so that they can put tax on their earnings as well as limit money laundering.

Bitcoin as digital currency created to has all of those advantages, the nature of its creation.
However, bitcoin isn't fully anonymous, every transaction has been recorded in blockchain.
Moreover, in every transaction on big exchanges in the country which has regulations about money laundering and illegal funding, require Id confirmation. Well, in my country has the same regulations about exchanges.
So, how to make government accept bitcoin? Actually, they have accepted bitcoin as the regulations existence about it.
The best thing is government didn't banned bitcoin and stated it as commodity/asset/digital currency whatever they want.
If accept bitcoin mean become a legal payment such as fiat money in daily transaction, we should be able to do it as long as there is no any regulation that prohibits bitcoin used and consider as illegal payment. Cheers

The transaction wouldn't be linked to you directly. There are ways to avoid getting traced because of the blockchain history. You can simply deposit it in a bitcoin mixer or in a gambling site and since the withdraw and deposit are different, it would be hard to be linked to you. The money would go to different wallet addresses first before it goes to you.

I think your identity is safe even if you've uploaded them in your local exchange site. You also don't have to worry about it because no one cares about you in the bitcoin world. You're using bitcoins, and then? There's no big deal about that. Even the government would not care about you using bitcoins.