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Author Topic: How to make governments accept bitcoin?  (Read 28907 times)
mrkevio
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February 11, 2017, 11:18:32 PM
 #221

How can we make governments accept the idea of freedom? Exactly. Cheesy this is why I'm here right now, the fact that Bitcoin is anonymous fascinated me. We are in 0% freedom, every step we take is monitored. All I can do is stay with Bitcoin as much as I can and hope it will never fail!

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February 16, 2017, 06:33:36 PM
 #222

How can we make governments accept the idea of freedom? Exactly. Cheesy this is why I'm here right now, the fact that Bitcoin is anonymous fascinated me. We are in 0% freedom, every step we take is monitored. All I can do is stay with Bitcoin as much as I can and hope it will never fail!

Government always wanted to track everything or having every information available of every individual but some people always wanted freedom so even if government put restriction on bitcoins people will use it. As for making government accept bitcoins government will loose tax income so it is a worthless to make them accept bitcoins.

People will continue using bitcoins as every individual wants freedom. Let's see what happens..   
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February 16, 2017, 06:47:55 PM
 #223

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?

For now in my country I don't think the government here will accept bitcoin directly, and the only thing I know that bitcoin would be accept is the corporate companies not the government. Because the decentralization of bitcoin is the good thing why the government in each nations cannot control it,.

None of the country government will not accept bitcoin as a centralized money. Because they do not want their government ledger to be open one. Then value also volatile. So do not able to run the stable economy in the country through out the year.

Absolutely, Government won't accept BTC as centralized money and not only because of its value volatility but it is also have freedom for their users, and they won't be able to track and thus, corruption might increase. In our country they restricted at the beginning but later allowed to indulge in BTC. Though it is great, but there are some limitations.
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February 16, 2017, 08:39:58 PM
 #224

We cannot force the government to accept bitcoin since in the first place they are trying so hard to "regulate" it and to prevent it from having widespread acceptance. Also, why would they accept such a currency that opposes the general purpose of the banks which they back so hard?
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February 16, 2017, 08:48:47 PM
 #225

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?

For now in my country I don't think the government here will accept bitcoin directly, and the only thing I know that bitcoin would be accept is the corporate companies not the government. Because the decentralization of bitcoin is the good thing why the government in each nations cannot control it,.

None of the country government will not accept bitcoin as a centralized money. Because they do not want their government ledger to be open one. Then value also volatile. So do not able to run the stable economy in the country through out the year.

Absolutely, Government won't accept BTC as centralized money and not only because of its value volatility but it is also have freedom for their users, and they won't be able to track and thus, corruption might increase. In our country they restricted at the beginning but later allowed to indulge in BTC. Though it is great, but there are some limitations.
But when we are thinking in depth, why we need government to accept bitcoins.
I mean we are into a stage currently what we are having like bitcoin has decent price levels and numerous number of merchants are already accepting bitcoins and every bitcoiner finds his own methods and hence able to spend bitcoins somewhere.

All these are happening without support from any governments. Why we do not continue it as it is same?
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February 17, 2017, 02:04:43 PM
 #226

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?

For now in my country I don't think the government here will accept bitcoin directly, and the only thing I know that bitcoin would be accept is the corporate companies not the government. Because the decentralization of bitcoin is the good thing why the government in each nations cannot control it,.

None of the country government will not accept bitcoin as a centralized money. Because they do not want their government ledger to be open one. Then value also volatile. So do not able to run the stable economy in the country through out the year.

Absolutely, Government won't accept BTC as centralized money and not only because of its value volatility but it is also have freedom for their users, and they won't be able to track and thus, corruption might increase. In our country they restricted at the beginning but later allowed to indulge in BTC. Though it is great, but there are some limitations.
But when we are thinking in depth, why we need government to accept bitcoins.
I mean we are into a stage currently what we are having like bitcoin has decent price levels and numerous number of merchants are already accepting bitcoins and every bitcoiner finds his own methods and hence able to spend bitcoins somewhere.

All these are happening without support from any governments. Why we do not continue it as it is same?

Because at some point the government would be against us, thus, having a stopping point that is much less than bitcoin's potential. There are "numerous" merchants accepting bitcoins, you said. But the truth is, there's not that much establishments that's accepting bitcoins. If you go to the mall, you can shop all you want using your fiat. Bitcoin is the total opposite.

The government declaring bitcoins as a legal payment would not only increase the number of users, but it would also increase the price of bitcoin and the number of merchants accepting it.

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February 17, 2017, 02:15:19 PM
 #227

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?

For now in my country I don't think the government here will accept bitcoin directly, and the only thing I know that bitcoin would be accept is the corporate companies not the government. Because the decentralization of bitcoin is the good thing why the government in each nations cannot control it,.

None of the country government will not accept bitcoin as a centralized money. Because they do not want their government ledger to be open one. Then value also volatile. So do not able to run the stable economy in the country through out the year.

Absolutely, Government won't accept BTC as centralized money and not only because of its value volatility but it is also have freedom for their users, and they won't be able to track and thus, corruption might increase. In our country they restricted at the beginning but later allowed to indulge in BTC. Though it is great, but there are some limitations.
But when we are thinking in depth, why we need government to accept bitcoins.
I mean we are into a stage currently what we are having like bitcoin has decent price levels and numerous number of merchants are already accepting bitcoins and every bitcoiner finds his own methods and hence able to spend bitcoins somewhere.

All these are happening without support from any governments. Why we do not continue it as it is same?

Because at some point the government would be against us, thus, having a stopping point that is much less than bitcoin's potential. There are "numerous" merchants accepting bitcoins, you said. But the truth is, there's not that much establishments that's accepting bitcoins. If you go to the mall, you can shop all you want using your fiat. Bitcoin is the total opposite.

The government declaring bitcoins as a legal payment would not only increase the number of users, but it would also increase the price of bitcoin and the number of merchants accepting it.

Yup! and when users increase there would be a time that people would only use bitcoin and then avoiding tax won't be a problem anymore and I think this is what the government is preventing the balance of the circulation of money would not be the same anymore well I think they would think of ways to prevent this in the future well I really think that bitcoin would go really way up!
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February 17, 2017, 03:13:53 PM
 #228

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?

Thus the rapid development of bitcoin in each country and with the number of users as well as the business opportunities of the existence of bitcoin, I think the government would automatically accept the existence of bitcoin as a digital currency and can be used for transactions such as paper currency, however for legality bitcoin the authorities also needed time for further assessment,
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February 17, 2017, 03:54:27 PM
Last edit: February 17, 2017, 04:52:03 PM by the rise
 #229

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?

Thus the rapid development of bitcoin in each country and with the number of users as well as the business opportunities of the existence of bitcoin, I think the government would automatically accept the existence of bitcoin as a digital currency and can be used for transactions such as paper currency, however for legality bitcoin the authorities also needed time for further assessment,

Very cool when we discuss the potential & possibilities. But banks will not be silent if bitcoin potential to dominate financial centers in each country. They will be involved in conspiracy with government to control & monopolize bitcoin (not adopt).

There is great resistance from independent users/groups, Due to nature of bitcoin are very anonymous, provide the broad sense that Bitcoin has potential to colonize the world's financial center, not colonized by mainstream banking system.

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February 17, 2017, 04:04:14 PM
 #230

- I do not think the government will accept Bitcoin, they will not accept a currency which they can not control. Above all, if they accept Bitcoin, money laundering vices will happen. Important is if the government accepts Bitcoin, they will collect taxes and with us this is not good
- Bitcoin will influence greatly to the banks, this is a very difficult problem to solve. Bitcoin need more time and I believe in the near future, Bitcoin will be accepted


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February 23, 2017, 12:49:11 AM
 #231

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?

Today, bitcoin is not a threat to the states. Yes bitcoin is very valuable. We all know the value of bitcoin against the dollar. But states have yet to fully understand the importance of bitcoin. That's why I do not think they're afraid of bitcoin.

no i think its still threat sir
the anonymous on bitcoin is the problem

even without anonymous on account bank nowadays, people still able to do lot of bad things and still hard to track

Yeah, but bitcoin is not anonymous. All transactions with bitcoin are registered. And transfers between addresses can be traced backwards.
States do not want any system they can not get tax.
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February 23, 2017, 01:01:55 AM
 #232

Yeah, but bitcoin is not anonymous. All transactions with bitcoin are registered. And transfers between addresses can be traced backwards.
States do not want any system they can not get tax.
You can evade tax with cash money as well. Bitcoin is not some holy grail for tax evaders as typical bitcoin's layman may think.
If governments fully legalize and embrace BTC, then it will only help them gain more profits.
Today BTC is kinda in grey area for tax payers, no one is paying any tax, people either don't know if that is needed or just refuse to do so and nobody cares.
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February 23, 2017, 01:16:46 AM
 #233

This is very simple .
Government need to launch thier own wallet and start to impose tax for the bulk deals in the bitcoin .

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February 23, 2017, 02:19:11 AM
 #234

How can we make governments accept the idea of freedom? Exactly. Cheesy this is why I'm here right now, the fact that Bitcoin is anonymous fascinated me. We are in 0% freedom, every step we take is monitored. All I can do is stay with Bitcoin as much as I can and hope it will never fail!
I think if you give the idea of freedom to the government. of course, the government will immediately ban it. because the government certainly wants to control all existing currency. whereas they can not control the bitcoin
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February 23, 2017, 03:23:40 AM
 #235

How can we make governments accept the idea of freedom? Exactly. Cheesy this is why I'm here right now, the fact that Bitcoin is anonymous fascinated me. We are in 0% freedom, every step we take is monitored. All I can do is stay with Bitcoin as much as I can and hope it will never fail!
I think if you give the idea of freedom to the government. of course, the government will immediately ban it. because the government certainly wants to control all existing currency. whereas they can not control the bitcoin
bitcoin decentralization so the government is almost impossible to control bitcoin. I thought why not be accepted by the government because bitcoin bitcoin could not give an advantage to the country and the negative side bitcoin more than the positive side examples of anonymity

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February 23, 2017, 03:36:04 AM
 #236

This would really be a hard task for convincing government on making them accept or adopt bitcoin into their place because most of them does really know the disadvantage of it when they do accept it just like on taxation problems and increase crime rate because we cant really avoid those circumtances since people do really have different minds.

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February 23, 2017, 03:44:53 AM
 #237

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?

In my opinion, as long as there are only few bitcoin merchants and it is still not growing then the government will keep off of bitcoin For example in some country bitcoin is not yet known by many people as well as the local businesses and companies as they are still not convinced that accepting bitcoin would help them because of some of its flaws . Maybe governments are going to accept it if there are large percentage of their population would demand it to .
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February 23, 2017, 04:04:29 AM
 #238

Eh like most say all it really is the fact of anonymity and being able to tax people and other sorts of things if Bitcoin becomes more public in a sense of security than most people who actually use it will stop using it cause I'm pretty sure the whole reason they do use it is because of it being anonymous.
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February 23, 2017, 05:25:19 AM
 #239

Most of the governments will not accept or bitcoin as a common currency but instead they regulates it to prevents money laundering and other illegal purposes. Some are officially recognized the bitcoin as a method of payment like what the philippine central bank done but it is not considering bitcoin as a currency.
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February 23, 2017, 05:46:49 AM
 #240

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?

Using bitcoin to exchange  daily is inconvenience. Because Bitcoin is a virtual currency and when you want to exchange, you must transfer for another one. This make to waste  time
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