Bitcoin and governments

[SiNeReiNZzz]

Bitcoin is the most popular investment for now, everyone hunt and buy bitcoin, marketcap cryptocurrency has raised more than $150 M and I think the governments must accept bitcoin as legal second payment.

Is the market cap really $150,000,000,000?! I remember when we were waiting for it to be just $1,000,000,000 years ago. Oh, how things have changed. hahaha

Whether we liked it or not, it will really change and still it will evolve. I still remember those past old days where the value was almost being rejected by people, and look at it now? it really grows faster than we could imagine. I also thought about this back then, I have read some posts regarding those medias and government, as I recall they consider bitcoin as a member of media, but for me it would be basically belong to economy, where circulation of currency happens. Let us just wait further and watch out what might gonna happen.

[helars2008]

I for one think that the government may not be really that inclined to pass a bill or law legalizing the use of cryptocurrency in the jurisdictions.
One of the reason why they dont want this to happen is that theyll lose the power to monitor the exchange happening to cryptocurrency...
We cant deny the fact that governments around the world would always want to have their eyes on any transactions happening in thier countries especially if it is related to money.
Politicians may now also start to hoard some bitcoins for themselves but not totally informing the public what is happening with cryptocurrency nowadays...
Knowledge with cryptocurrency can also make someone selfish....

[Andalusy]

i think, if the governments will use the cryptocurrencies they must have strong security against hackers who might try to visit them. and that is not easily like as we thinking about.

[cabitu]

there are some countries where the government has regulated bitcoin, but most governments do not regulate bitcoin because it is difficult in their supervision and many issues must be studied for the government, especially from taxation and security guarantees of customers' money in bitcoin that is why many countries have not regulated bitcoin although in fact in terms of the economy can create a better economy for the government

[carlisle1]

Bitcoin is the most popular investment for now, everyone hunt and buy bitcoin, marketcap cryptocurrency has raised more than $150 M and I think the governments must accept bitcoin as legal second payment.

Is the market cap really $150,000,000,000?! I remember when we were waiting for it to be just $1,000,000,000 years ago. Oh, how things have changed. hahaha

Whether we liked it or not, it will really change and still it will evolve. I still remember those past old days where the value was almost being rejected by people, and look at it now? it really grows faster than we could imagine. I also thought about this back then, I have read some posts regarding those medias and government, as I recall they consider bitcoin as a member of media, but for me it would be basically belong to economy, where circulation of currency happens. Let us just wait further and watch out what might gonna happen.

better to be more keen in learning how this will be adopted by more countries and how it will be hyped by more news that will be happen inside crypto
industries I guess we cant stop things to happen but we always have a chance to go along with any changes.

[ALT67890]

Can't seem to comprehend how this two different body may worked together except for those country's with such great governments and discipline people from Japan. But I don't think it suits to the other part of the world as corruption rate is high and the people are not law abiding citizens.

[voltesbit777]

Hi btkers , discussion about the relationship between governments and cryptocurrencies.
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?

How can the government do that, if bitcoin or cryptocurrencies are decentralized, we all know  government in each is country are centralized. Therefore, for making it officialize  that won't be happen as long as it is decentralize.

[Ekanenf]

Hi btkers , discussion about the relationship between governments and cryptocurrencies.
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?

Not all of the Governments are not accepting or making bitcoin as their currency, Japan already make bitcoin as their currency, so it is not impossible anymore for the other country to make it happen also. Bitcoin ETF must be approved by the SEC first I think before all of the countries making bitcoin as their official money.

[danherbias07]

If implemented it can somehow change the economy and that is just for the start.
If it is completed and be a part of the daily lifestyle of people it will grow more and might make a big impact with the economy of the country.
Just looking at what technology had done. Almost all people are leaning thru the internet and want everything to be dealt online. Bitcoin is for that purpose.

[subSTRATA]

There are lots of reasons why the government does not support Bitcoin. First, it is decentralized. No one has a control over it. Second, even the criminals and terrorists can use Bitcoin. The government does not want to encourage it. Lastly, Bitcoin has high risk in using it. The government is still studying if it is beneficial if they will accept it. There are still lots of reasons.

you've got pretty loose arguments there; the dollar, euro, whatever, can be used by drug dealers, terrorists, you name it. does the fact that terrorists might be using the euro as their currency cause governments to shun the euro? pretty sure they don't. and you fail to state exactly why using bitcoin is so 'risky.' you provided a statement, now back it up. I'll agree that governments are studying bitcoin and related technologies though, weather or not they will accept it after said studies are complete are an entirely other matter though.

[SirgulioB]

Hi btkers , discussion about the relationship between governments and cryptocurrencies.
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?

Many reason why goverments not use cryptocurrencies, goverment can implement blockchain as a solution but not for cryptocurrencies.

it is very difficult to say whether cryptocurrency affects the economy of the country or not, the fact is cryptocurrency can affect its citizens

Same thing with gold - in most of countries there are laws that doesn't allow using gold because of great taxes for selling/buying.

[DoublerHunter]

Hi btkers , discussion about the relationship between governments and cryptocurrencies.
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?

They don't legalize the cryptocurrencies because they see a threat in bitcoin or any cryptocurrencies like it can surpass all the old strategies that they are using on their country to distribute their services and they also think that it will affect their income because if the people will use cryptocurrencies then the user of the fiat will decrease and it will lead for a huge loss for their overall country income.

[mythrill]

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[TheGodFather]

Hi btkers , discussion about the relationship between governments and cryptocurrencies.
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?

they dont want bitcoin because they doesnt know it more better and the thing is they see bitcoin in a bad way, all they know is they cannot regulate it and they dont have any benefits on it thats why they dont like it. but if they only realize that the bitcoin will be very benificial for there countrymen it will be good.

[staff_1307]

I think that the government is afraid of Bitcoin, because of the lack of centralized control over the processes.

[SirgulioB]

I think that the government is afraid of Bitcoin, because of the lack of centralized control over the processes.

I counted tax rate in circle process and was really surprised that real tax rate much more than 100%.
F**ing governments stealing ALL our money and of course they afraid of money that they cant stole.

[spain cool]

certainly bitcoin affects the economy of the country. bitcoin is a digital money whose value is pantastic. if from the past the government invested in bitcoin imagine the benefits gained now?

[Anyobsss]

Hi btkers , discussion about the relationship between governments and cryptocurrencies.
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?

The first reason why some country don't legalize or officialize the use of bitcoin is because it is not subjected to tax, Government will not get a single thing in legalizing bitcoin unless they will impose tax into it. Second one is bitcoin users anonymity, It can be use in illegal activities and fraud such as money laundering and etc.  

[ivrynx]

there are some governments that already legalized the use of bitcoins, since they know that they cannot stop the growth of bitcoin and they understand that everything needs innovations, even the currency we use, just look at those countries that accepted bitcoin, korea, japan, china, russia and india, there is no doubt that these countries have a huge population and a lot of information technology businesses, they know how to spot what will be the future,even floyd mayweather and mark cuban, two personalities that even made their own alternative coin, just to name a few. those governments that are fearing bitcoin, i think are those that are being corrupted even by their own banks, since banks know that they cannot control bitcoin and there will be no income for them whenever transactions are being made, they might end up loosing to bitcoin and then finally shutdown, they will try to bribe their politicians or set a mind set that bitcoin will be bad for the economy since the value of bitcoin is higher than their fiat. what i see is that since they cannot control bitcoin and know they will loose, they try to get rid of it at its starting stage or early years of development, since they cannot regulate bitcoin, it will be easy for them to control those people that haven't even heard of bitcoin. we should also keep in ind that banks are part of a nations growth, and since they have a lot of money, they can also control governments.

[matuson]

Bitcoin is a nightmare for any government. The current system in the world contributes to the fact that power always come to the thieves and corrupt officials. If people will use for calculations of bitcoin then they will have nothing to steal. What will they do then?