Ryan1212
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January 22, 2018, 01:06:42 PM |
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I guess it is because they can't control bitcoin, and because it is so volatile no one can control it not even the government. The only thing they can do is to ban the usage of bitcoin. Governmwnt is also afraid it could be use in any legal transactions, and one of which is money laundering and it may also have a bad effect for the banks as well.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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hartadiningrat27
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January 22, 2018, 01:11:59 PM |
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because they can control bitcoin
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Eterbank
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January 22, 2018, 01:13:30 PM |
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They perceive as a threat. Some progressive countries like Japan see it as an opportunity.
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TeamUp
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January 22, 2018, 01:14:53 PM |
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Government banned (or not supporting) bitcoin because
1. They dont gain tax from bitcoin.
2. Its decentralized, they cant control it.
3. Its not a secure investment.
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Iamdavid
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January 22, 2018, 04:46:11 PM |
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They feel it's a threat to banking system and mostly feel it might bring too much comfort to citizens thereby making government irrelevant as the citizens won't look up to them for a better tomoro but instead work hard and make their little investment in bitcoin.
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agus_purno
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January 22, 2018, 05:02:21 PM |
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Government banned (or not supporting) bitcoin because
1. They dont gain tax from bitcoin.
2. Its decentralized, they cant control it.
3. Its not a secure investment.
You are right if the government can not control the price of very free bitcoin or depends on market demand then the nature of decentralization that makes the government can not do anything against bitcoin then the government does not like if everything without tax. |
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Aneuk cabang
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January 22, 2018, 05:14:52 PM |
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Bous
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January 22, 2018, 05:26:01 PM |
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There are just few countries which have ban the Bitcoin, the other tolerate it, but they dislike it because they don't have any control on it as Bitcoin is decentralized. They see it like a threat.
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Conanti
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January 23, 2018, 05:42:42 AM |
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It's too late for government to do anything against crypto. No one can stop this. It's like Uber, Aib'n'b,, Megaupload, Napster, P2P download of DIVX... and so on Everyone complained about download of music online but now thanks to first people downloading without paying this industry developped. Crypto is like all those new stuff that were seen illegal at first but finally will be accepted by government because they have no choice ! They will put some regulation and decide which crypto is legal or not (giving licence, creating specialized auditing companies, quality certificates) and finally creating taxes for those legal cryptos.  |
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Blockchanger95
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January 24, 2018, 12:19:58 PM |
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I See topics about banning and I want to ask.
Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.
They see nothing bad. They are just afraid that there's some decentralized system they can't contol and see the only way is to ban |
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maikelujang
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January 24, 2018, 02:32:21 PM |
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There are some specific reasons whose are responsible for this issue. Firstly, I want to say about the unfamiliar and rumour about Bitcoin, I believe that most of the Government official don't know about this system. so lacking knowledge is one of the major barriers of this point. Secondly, Government official thinks that Bitcoin is using for the purpose of money laundering but they don't have any clear information about Bitcoin. and Finally, I think government considers Bitcoin as a threat to a banking system.
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Bessta
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January 24, 2018, 02:57:46 PM |
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Firstly, they believed that bitcoin and alts are being used for illegal transactions such as money laundering and illegal drugs. Second, they see cryptos as big threat to banking sector. Third, maybe they are not yet prepared to control cryptoworld in such a way that both government and crypto community and supporters would ecomically, politacally and socially benefit.
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micky mou
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January 24, 2018, 03:00:19 PM |
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is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.” That lack of central authority is the primary reason governments are afraid of the cryptocurrency.
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Xester
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January 24, 2018, 03:01:18 PM |
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Firstly, they believed that bitcoin and alts are being used for illegal transactions such as money laundering and illegal drugs. Second, they see cryptos as big threat to banking sector. Third, maybe they are not yet prepared to control cryptoworld in such a way that both government and crypto community and supporters would ecomically, politacally and socially benefit.
Well all of what you said are true but I will go for number two of waht you said. I think it is the very reason why some government banned bitcoin. It is to protect the banks since it goves security or gives money to the government. It have tax while bitcoin has not. So the government will not benefit anything from bitcoin. |
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xiaoyu666
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January 24, 2018, 03:06:13 PM |
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Because bitcoin damages their interests, it is forbidden.
Bitcoin transactions are not taxed to the state.
Bitcoin is anonymous and the state cannot control it.
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Eric01
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January 24, 2018, 03:10:29 PM |
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Other government ban btc in other country maybe they want in control j everything and they cant control btc right now. It makes them hard to find out scammer because btc can easily use to everyone.
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lfc_san
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January 24, 2018, 03:31:05 PM |
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I See topics about banning and I want to ask.
Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.
I think there is relate with the currency value of each country. perhaps with a lot of people's purchasing bitcoin or with the permission of bitcoin in a country this can make people put their money into bitcoin and make the people leaving the country's original currency. then perhaps from the side of security that is not controlled by the government |
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dwieyani
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January 24, 2018, 03:41:33 PM |
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maybe the government has no way to control and track bitcoin, they can not do any taxes and can be used for illegal activities, and they are afraid of citizens using bitcoins that do not use taxes that make such activities illegal. for me bitcoin is a nice activity to use and it does not bother me as long as i use it.
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Niggah5
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January 24, 2018, 03:47:03 PM |
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Because it's going up.  |
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desklamp
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January 24, 2018, 04:11:06 PM |
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Banks generally charge fees for doing anything with money, even just holding on to it. That's because the banks have created a level of trust that transactions pass smoothly and everything is recorded and accounted for correctly. Therefore, they know that Bitcoin and other decentralised cryptocurrencies allow people to trade directly with each other, cutting out the need for a middleman which, in traditional commerce, is a bank.
Banks aren't happy about being made obsolete and with help from governments they are trying to clamp down on cryptocurrencies after initially dismissing them out of hand.
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