Bitcoin and governments

[CraigWrightBTC]

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?

Bitcoins is decentralized there are no countries or corporations become regulator of bitcoins
basically bitcoins doesn't needs countries, even some countries or government ban usage of bitcoins.
Bitcoins will be alive because bitcoins has large of comunity on around the countries in the world,
many miners, investors, developer of bitcoins around the world.

[genesis.vision]

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?

Bitcoins is decentralized there are no countries or corporations become regulator of bitcoins
basically bitcoins doesn't needs countries, even some countries or government ban usage of bitcoins.
Bitcoins will be alive because bitcoins has large of comunity on around the countries in the world,
many miners, investors, developer of bitcoins around the world.

The problem with Bitcoin is that it IS already regulated. Not to the extent of fiat, but the main regulation points (exchanges, payment processors) are already heavily regulated. Many governments require ID verification and phone tethering.

[soham]

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 relationship between the government and bitcoin is not sweet in most of the countries. Because, bitcoin has created a parallel economy which is against government's policy. Government will never want to distribute free money to their citizen's hand because that will indicate the shift in power. If the citizens become rich, the power shifts to their hand. So oppression is the basic rule of fascism.

So, till the time government doesn't take much interest in bitcoin, that's good for you. But if they start showing interest in bitcoin and its circulation. Then you may have to re-think about your bitcoin earning strategy. because chances are high that government will ban it.

[SvenBomvolen]

Governments have already began to accept Bitcoin. japan was the first one who admitted bitcoin as payment instrument. I suppose other countries will follow this example soon, cause of digital currencies really can develop the economy of the country, its extra money to the government's exchequer. Who would be against? But crypto currencies doubtless dissimulate in itself some danger, such as hidden identity, which can be used against the government and people, for example for terroristic acts.
Don't know why, but I have a feeling that after the mass acceptance of digital currencies it will come a wave of it's mass banning or admitting as illegal.

[subSTRATA]

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.  

so? anyone can use paper cash to buy weed off their neighborhood weed dealer, these purchases aren't taxed, and its definitely illegal. in addition, hand to hand cash trades are even more anonymous than bitcoin, where you can view every transaction on the blockchain. every one of the reasons you've listed can also be said of paper money, yet the government doesn't outlaw it do they? you're looking for reasons, yet not thinking them through.

[aizen10]

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?

because of some reason i guest. but many other country are already accept this so called bitcoin, and many of them (from their country) are getting lucrative from this bitcoin to ease their some transaction outdoor.

and i think those country that really not accept bitcoin are country that not understand most the value of this bitcoin for their countrymen, they got banned bitcoin from using it or got no exchanger because i think they looking forward of the mass scam or something if they accept this but they are wrong.

[crismass1225]

there are many country now accepting bitcoin but taking it into be a currency as payment for everybody would be a long way of debate, as bitcoin is decentralized, you cant track it, which the govenrment want to really know where your mney came from. but as i know there are country accepting bitcoin such as japan korea russia and china which have really huge effect on there economy in terms of technology. if these country are using and accepting bitcoin in the near future many country will follow their step. But one thing for sure it should be regularize by the state and transaction fee will increase maybe tax will be place on it....

[shohelalam]

As we know every county have own paper currency and we use it. the government rules it. we know also bitcoin new revelation for world. its decentralized currency.. any government don't control or track it. some country legalize and the use it. but some country don't use it for some seasons. they think bitcoin will be harmful for they own country economy. but its not true.

bitcoin also affect our world economy. you can see now total crypto Market Cap: $169,560,066,479 .. In coinmarketcap.com info but you can see bitcoin  market cap $76,572,201,700 in coinmarektcap.com info. so you see how much affects our economy .    

Thanks

  

[sana54210]

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?

Lol, I like what you said – “they will have no money to steal” – lmao. Thieves they are,  all of them, they keep stealing from the country they’re  meant to protect and serve. If there is no money,  then it will be a difficult thing for those in the government to steal from the country.

But,  it wouldn’t be a good idea for the world to use it.  No,  never,  never a good idea, NO WAY.  The world should continue with real currencies.

[chichigirl]

The government always wanted to control the country. There are rules or laws to follow all throughout the world. When we talk about bitcoin and government, the government can't control bitcoin because it is decentralized and probably they will not like the idea of having uncontrollable currency in the country for it will affect the economy.

[Carlsen]

I don't think that many governments have a problem with bitcoins.
They are very similar to stocks. I can buy stocks form businesses from other countries as well, and the governments do not bother.
The main problem of cryptocurrencies at the beginning was that too many criminals used it for money laundering or other activities.
But I don't think that this is happening with bitcoin on a larger scale anymore.
People have even started to pay their taxes when they do business with bitcoin. And governments like taxes.

[miyong]

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.

Nice one! The government are afraid of the cryptocurrency because they can't control and can't get a tax from that unlike in bank they can control it and even get some  taxes.

[btcdevil]

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.

Nice one! The government are afraid of the cryptocurrency because they can't control and can't get a tax from that unlike in bank they can control it and even get some  taxes.

First point is valid that Government cannot control crytpcurrency but about the tax part you are wrong , now the country which are accepting Bitcoin as currency and even implementing the tax to be collected so now some country are  ready to go with cryptocurrency.

[balakang00]

By the time bitcoin is legalized on any country it is the time where it will be put under a taxation. Well, it will be a less on the profit but on the brighter side, it will be able to help raise funds for the country it will be legalized on.

[SirgulioB]

By the time bitcoin is legalized on any country it is the time where it will be put under a taxation. Well, it will be a less on the profit but on the brighter side, it will be able to help raise funds for the country it will be legalized on.

Tax is not bad. Bad is in legality - goverments determines on what you can spent your money.
I want to pay taxes but whithout any control of my activities.

[iqlimasyadiqa]

The government always wanted to control the country. There are rules or laws to follow all throughout the world. When we talk about bitcoin and government, the government can't control bitcoin because it is decentralized and probably they will not like the idea of having uncontrollable currency in the country for it will affect the economy.

yes indeed with the bitcoin then the government will not be able to fully control the bitcoin. perhaps not only that, the government is also afraid that when there is a drastic reduction of bitcoin prices then the economy in their country will be unstable. this is the main reason, but regarding the oversight I think the government will not have any authority to be able to see the bitcoin owned by its citizens.

[kevinn669]

By the time bitcoin is legalized on any country it is the time where it will be put under a taxation. Well, it will be a less on the profit but on the brighter side, it will be able to help raise funds for the country it will be legalized on.

Tax is not bad. Bad is in legality - goverments determines on what you can spent your money.
I want to pay taxes but whithout any control of my activities.

I also do not want the government to control my income. And I would not want to pay taxes on using crypto currency. The government should not restrain the use of crypto currency

[Skieleton]

By the time bitcoin is legalized on any country it is the time where it will be put under a taxation. Well, it will be a less on the profit but on the brighter side, it will be able to help raise funds for the country it will be legalized on.

Tax is not bad. Bad is in legality - goverments determines on what you can spent your money.
I want to pay taxes but whithout any control of my activities.

I also do not want the government to control my income. And I would not want to pay taxes on using crypto currency. The government should not restrain the use of crypto currency

Taxes resemble a mother. We often do not understand her, but we rarely forget about her. Will bitcoin features let you escape from the taxpayer? Doubtful. The reason is prosaic. Virtual tokens are a reflection of real money. Where there is a monetary value - you can be sure of the act of income tax on individuals. We do not avoid this .

[ir.yance]

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?

probably because bitcoin is not yet in the shelter of a strong company, although it has not been allowed by the government, bitcoin has a lot of influence for the country's economy, now many have benefited from bitcoin both rich and poor

[bamboylee]

Some countries are already regulating the use of bitcoin, that is a start. Bitcoin is still very young, and it is still a long way before countries start legalizing bitcoin but it can happen.