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Author Topic: why should governments allow bitcoin to continue grow?  (Read 2907 times)
jonathan6655321
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October 08, 2017, 06:54:10 PM
 #1

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using

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October 08, 2017, 07:02:49 PM
 #2

There can be a lot of reasons. If they would outlaw Bitcoin, it would just be moved to the deep web and it will become much harder to monitor transactions and crackdown on criminals who use it for illegal operations. When Bitcoin is legal governments can just work with exchanges and other services if they need to investigate something. Bitcoin is not much different from cash - sure governments can't print more Bitcoins, but they can print more fiat and buy BTC with it. It's very likely that in the future governments and banks would adapt to Bitcoin instead of fighting it.

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October 09, 2017, 03:49:23 AM
 #3

There can be a lot of reasons. If they would outlaw Bitcoin, it would just be moved to the deep web and it will become much harder to monitor transactions and crackdown on criminals who use it for illegal operations. When Bitcoin is legal governments can just work with exchanges and other services if they need to investigate something. Bitcoin is not much different from cash - sure governments can't print more Bitcoins, but they can print more fiat and buy BTC with it. It's very likely that in the future governments and banks would adapt to Bitcoin instead of fighting it.

your response here is largely correct because of the fact that governments do not likely have much of a choice.  In one sense they have to have a vision about the extent to which bitcoin could be a threat, and then foresight as to when that could be - 40 years down the road when everyone in power is dead?

Another aspect is competing visions of government entities and also competing visions of government agencies as well.  It is quite likely that a large number of agencies and individuals within the agencies are coming to differing assessments about what is bitcoin, whether it is good or bad, and whether there are reasonable proactive ways to attempt to stifle it's development and/or growth.

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October 09, 2017, 03:56:31 AM
 #4

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
They don't have a reason. I'm more surprised that a lot of governments haven't been shutting Bitcoin down to be honest. It's something that will completely disrupt the entire power structure of the world, assuming that it grows in the same way it has been over the past few years. Something completely freeing up the average person so that the work they have actually has value instead of giving them a constantly inflating and depreciating token would completely upend a lot of countries' means of controlling their citizens, and that would be profound in far more ways than you may want to believe. It's almost worrying what could happen should Bitcoin replace the primary financial structures.














 

 

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October 09, 2017, 03:58:41 AM
 #5

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using

This question assumes that governments have control of bitcoin or are in a position to influence their will over bitcoin, to guide it's existence. No such control or power exists.

To say "its illegal!" Is extreme and wouldn't really stop people from using Bitcoin, in fact it would just entrench users to operat in the Bitcoin-only world (because it would be illegal to exchange fiat currency for it). Also, who's to say governments aren't participating in Bitcoin? The US Feds have cashed Millions of Dollars worth of Bitcoin, and they've probably kept some secure in a Trezor somewhere.

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October 09, 2017, 03:58:51 AM
 #6

There can be a lot of reasons. If they would outlaw Bitcoin, it would just be moved to the deep web and it will become much harder to monitor transactions and crackdown on criminals who use it for illegal operations. When Bitcoin is legal governments can just work with exchanges and other services if they need to investigate something. Bitcoin is not much different from cash - sure governments can't print more Bitcoins, but they can print more fiat and buy BTC with it. It's very likely that in the future governments and banks would adapt to Bitcoin instead of fighting it.

your response here is largely correct because of the fact that governments do not likely have much of a choice.  In one sense they have to have a vision about the extent to which bitcoin could be a threat, and then foresight as to when that could be - 40 years down the road when everyone in power is dead?

Another aspect is competing visions of government entities and also competing visions of government agencies as well.  It is quite likely that a large number of agencies and individuals within the agencies are coming to differing assessments about what is bitcoin, whether it is good or bad, and whether there are reasonable proactive ways to attempt to stifle it's development and/or growth.

It is possible but right not its not directly that they could allow bitcoin. They could just use an entity to use bitcoin for them and also use that entity for future economic uses. Because even if government says they will support bitcoin, they need some 3rd party to see to it that all transaction from citizens are protected and to help in further security. And security is the most important thing for civilians because they might think twice when their would be news about some internet fraud when they start using bitcoin.

                                     
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October 09, 2017, 04:13:05 AM
 #7

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
Because Bitcoin could help the economy to grow and could possibly solve poverty someday. There will be more businesses, merchants, investors and opportunity for everyone to get involved into. As they are implementing regulations to exchanges, millions of taxes could also be gathered if the government allow Bitcoin to continue growing because the community would probably support and invest in Bitcoin. They can still controll the money we are using when we sell or withdraw our coins from local exchanges and convert it into fiat money and for me I see no reasons to have a problem or conflict with that. Everytime we withdraw our funds on local exchanges there is tax so that is why they need to allow Bitcoin to grow instead of making a move to ban or prohibit the use of it.

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October 09, 2017, 04:31:51 AM
 #8

Actually the government doesn't do anything about growing of bitcoin and they don't allow it to grow since if all people are going to use the bitcoin or other cryptocurrencies the government will grow slower since most of people are not going to pay taxes because if you work in cryptocurrency your are anonymous and also bitcoin can be used to hide illegal works such as money laundering and also maybe bitcoin can be use to buy drugs, and illegal weapons.

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October 09, 2017, 04:39:01 AM
 #9

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using


They "allow" it because next to no one is actually SPENDING it.  They are all SPECULATING with it.  As long as 99% of people are speculating with BTC and other cryptos the governments of the world couldn't care less.  What's to control here?  There is probably more drug money buried in the ground around the world than there is crypto market capitalization.  The greater the Ponzi scheme mentality and the less that people spend, the less government cares and can pretend that they are as afraid as so many of you think that they are.
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October 09, 2017, 04:40:38 AM
 #10

Actually the government doesn't do anything about growing of bitcoin and they don't allow it to grow since if all people are going to use the bitcoin or other cryptocurrencies the government will grow slower since most of people are not going to pay taxes because if you work in cryptocurrency your are anonymous and also bitcoin can be used to hide illegal works such as money laundering and also maybe bitcoin can be use to buy drugs, and illegal weapons.

This is incredibly incorrect.

First, cryptocurrency isn't really anonymous, particularly if someone is working in the industry.

Second, governments can still assess taxes if you don't pay them. Governments are able to know what lifestyle you live and compare that to the income you would need to support the lifestyle. If your reported income isn't the same as that which supports your lifestyle the tax agencies will accuse you of not reporting all of your income.

Realist247
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October 09, 2017, 04:42:30 AM
 #11

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
Because Bitcoin could help the economy to grow and could possibly solve poverty someday. There will be more businesses, merchants, investors and opportunity for everyone to get involved into. As they are implementing regulations to exchanges, millions of taxes could also be gathered if the government allow Bitcoin to continue growing because the community would probably support and invest in Bitcoin. They can still controll the money we are using when we sell or withdraw our coins from local exchanges and convert it into fiat money and for me I see no reasons to have a problem or conflict with that. Everytime we withdraw our funds on local exchanges there is tax so that is why they need to allow Bitcoin to grow instead of making a move to ban or prohibit the use of it.

This forum never ceases to amaze me.  HTF does cryptocurrency solve POVERTY?  Fusion and vertical farming will likely take a huge chunk out of global starvation but thinking that BTC will solve poverty is just....what country are you from anyway?  Are you even from Earth?!?
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October 09, 2017, 04:43:06 AM
 #12

because there is nothing wrong with bitcoin! it is a perfectly legit currency doing its thing very well.
because government has no other choice, bitcoin is a decentralized currency that will continue to grow whether the government wants it or not.
because so many different countries have already accepted bitcoin and any government that doesn't will be left out and behind the adoption curve of this new technology.

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October 09, 2017, 04:44:12 AM
 #13

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
Because they can't control it!

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October 09, 2017, 04:44:49 AM
 #14

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
I think other government still not familiar with bitcoin so they are not aware with bitcoin. But for those country who already knew it i think they dont have the interest to control since it is a money online. They only control paper money.

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October 09, 2017, 04:46:55 AM
 #15

Actually the government doesn't do anything about growing of bitcoin and they don't allow it to grow since if all people are going to use the bitcoin or other cryptocurrencies the government will grow slower since most of people are not going to pay taxes because if you work in cryptocurrency your are anonymous and also bitcoin can be used to hide illegal works such as money laundering and also maybe bitcoin can be use to buy drugs, and illegal weapons.

This is incredibly incorrect.

First, cryptocurrency isn't really anonymous, particularly if someone is working in the industry.

Second, governments can still assess taxes if you don't pay them. Governments are able to know what lifestyle you live and compare that to the income you would need to support the lifestyle. If your reported income isn't the same as that which supports your lifestyle the tax agencies will accuse you of not reporting all of your income.
The very moment that you exchanged your btc to fiat will make the government have their ways to implement taxes I'm sure they allow crypto to continue because they seeing that their people are earning from it and the more their people get wealthier the more they will spend it inside their jurisdictions I hope more government look at this way so we will enjoy crypto currencies.

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October 09, 2017, 04:48:08 AM
 #16

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using

This question assumes that governments have control of bitcoin or are in a position to influence their will over bitcoin, to guide it's existence. No such control or power exists.

To say "its illegal!" Is extreme and wouldn't really stop people from using Bitcoin, in fact it would just entrench users to operat in the Bitcoin-only world (because it would be illegal to exchange fiat currency for it). Also, who's to say governments aren't participating in Bitcoin? The US Feds have cashed Millions of Dollars worth of Bitcoin, and they've probably kept some secure in a Trezor somewhere.


Why would those that have the power to print fiat money care about making "profits" from it?  This makes no sense.  The government doesn't exist to make a profit.  It exists to spend and couldn't care less about balanced budgets.  Seriously.
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October 09, 2017, 04:50:34 AM
 #17

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
Because I think that bitcoin can serve as an alternative to any national currency, and in case of inflation it will be possible to switch to a reserve currency. And they want control over everything that is possible. They should allow growth, but it is desirable to put it under control, reducing the risk of fraud.

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October 09, 2017, 04:54:09 AM
 #18

Actually the government doesn't do anything about growing of bitcoin and they don't allow it to grow since if all people are going to use the bitcoin or other cryptocurrencies the government will grow slower since most of people are not going to pay taxes because if you work in cryptocurrency your are anonymous and also bitcoin can be used to hide illegal works such as money laundering and also maybe bitcoin can be use to buy drugs, and illegal weapons.

This is incredibly incorrect.

First, cryptocurrency isn't really anonymous, particularly if someone is working in the industry.

Second, governments can still assess taxes if you don't pay them. Governments are able to know what lifestyle you live and compare that to the income you would need to support the lifestyle. If your reported income isn't the same as that which supports your lifestyle the tax agencies will accuse you of not reporting all of your income.
The very moment that you exchanged your btc to fiat will make the government have their ways to implement taxes I'm sure they allow crypto to continue because they seeing that their people are earning from it and the more their people get wealthier the more they will spend it inside their jurisdictions I hope more government look at this way so we will enjoy crypto currencies.
That's the rules of being a citizen of a country from the start guys, deal with it or leave the country. the taxes is such a vital income for almost all the countries in this world and thus the citizens were forced since then to pay the taxes.
After that, the citizens also have the benefit of using the facility that government give to the citizens, the only reason why country need income is to always improve the facility and making sure about the life quality of its citizens right?

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October 09, 2017, 04:56:35 AM
 #19

The technology behind the blockchain is revolutionary. The real question is why wouldn't governments want bitcoin to grow? Bitcoin can solve a lot of the world problems that regular currency is currently facing.

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October 09, 2017, 05:14:58 AM
 #20

Because of benefit considerations, when bitcoin is left and bringing positive benefits to citizens such as reducing unemployment, it certainly makes governments think of continuing to let bitcoin grow.

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October 09, 2017, 05:15:05 AM
 #21

Actually the government doesn't do anything about growing of bitcoin and they don't allow it to grow since if all people are going to use the bitcoin or other cryptocurrencies the government will grow slower since most of people are not going to pay taxes because if you work in cryptocurrency your are anonymous and also bitcoin can be used to hide illegal works such as money laundering and also maybe bitcoin can be use to buy drugs, and illegal weapons.

This is incredibly incorrect.

First, cryptocurrency isn't really anonymous, particularly if someone is working in the industry.

Second, governments can still assess taxes if you don't pay them. Governments are able to know what lifestyle you live and compare that to the income you would need to support the lifestyle. If your reported income isn't the same as that which supports your lifestyle the tax agencies will accuse you of not reporting all of your income.
The very moment that you exchanged your btc to fiat will make the government have their ways to implement taxes I'm sure they allow crypto to continue because they seeing that their people are earning from it and the more their people get wealthier the more they will spend it inside their jurisdictions I hope more government look at this way so we will enjoy crypto currencies.
That's the rules of being a citizen of a country from the start guys, deal with it or leave the country. the taxes is such a vital income for almost all the countries in this world and thus the citizens were forced since then to pay the taxes.
After that, the citizens also have the benefit of using the facility that government give to the citizens, the only reason why country need income is to always improve the facility and making sure about the life quality of its citizens right?
Yes you are right.
Because the progress of each country is seen from the income of that country.
one of the state's income is with its citizens paying bitcoin taxes supported by the government because the taxes can build the country.

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October 09, 2017, 05:19:43 AM
 #22

Governments should allow bitcoin to continue to grow because this coin can really help of everyone's financial problem. They can't control bitcoin because many people in a different country are using it. Bitcoin can help everyone to support them in their daily needs and you can earn here a lot of money. And I hope that government wouldn't stop this bitcoin.

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October 09, 2017, 05:26:37 AM
 #23

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
Yes thats my question too. The mere fact that they cant get any info from where is the money coming from who because of its privacy. I think in bitcoin you can do illegal business transactions coz the owner of the money cant be tracesable. The government cant dig any info. Although we are sure that bitcoin is legit but i dont know the actions of government regarding this.
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October 09, 2017, 05:38:39 AM
 #24

Bitcoin and Crypto currencies bring a lot of new innovation and we know new innovation bring new job opportunities. These new jobs generate more disposable income for people and they spend that money. When they spend that money, the economy are stimulated and they get tax income from that.

Lower unemployment help some governments, because these people are not reliant on social help from the governments. People can pay for their own medical aid and daily needs.

It also stimulates the tourist industry, and this brings new capital into their country. ^smile^

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October 09, 2017, 06:02:11 AM
 #25

No government likes a parallel economy. Bitcoin/ Blockchain/ Alts have the potential to create this parallel economy because of the possibility to hide transactions. If they ban it, it will create this parallel economy creating sort of untraceable black money.
On the other hand, if they legalize it, they can earn taxes from the borderless businesses that bitcoin/blockchain/alts promise.

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October 09, 2017, 06:05:16 AM
 #26

Bitcoin helps a lot of people especially those who don't have a job. The government will gonna get benefits from it because it will lower the unemployment rate. The only problem is they can't regulate bitcoin because users of bitcoin are continue to grow and grow. It can be used also for crimes like money laundering and other illegal activities because it can't be easily trace by the government. But governments are finding a way to regulate people and bitcoin. They imposed the KYC/AML policy that aims to prevent money launderers from doing money laundering activities.

   
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October 09, 2017, 06:29:36 AM
 #27

If the government allows bitcoin to growing then it will give a good effect because bitcoin has a good future it means it could be a jobs for many unemployment problems, could also be one of the state's income because if bitcoin becomes legal then people have to pay taxes for bitcoin that they have and income tax from the profit of bitcoin

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October 09, 2017, 07:17:29 AM
 #28

Actually,most of the governments do not welcome bitcoin as they know that bitcoin would free people from their control.But they have no other choice left than allowing bitcoin.Only thing,they could do is legalize or regulate it to have control over it.Its the only way to get income by taxing bitcoin earnings.

Instead of taking stand against bitcoin,most of the countries have decided to regulate it by insisting the bitcoin exchanges to strictly follow the KYC to avoid money laundering.

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October 09, 2017, 07:58:11 AM
 #29

The most governments indeed it's still let bitcoin continue to growing, including in the country I live. I think maybe the government is still in the processing of considering or preparing a decision on the using of bitcoin, and keep monitoring whether the using of bitcoin can harm the country or not, will be risky or not for the country. Well in the country where I live there is still no decision on the view on the using of bitcoin (still looks neutral), the government is still allowing to using of bitcoin until there are people who do a mining to earn a big profit was still let it only and not forbiden it. As long as it can continue to reduce poverty and helping the financial problems for the community and not harm to the country maybe that could be the reason of it.

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October 09, 2017, 08:08:05 AM
 #30

Because it's a revolutionary technology. It's a model for both anonymity and transparency. Any pioneering technology should be given the time and space to evolve.
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October 09, 2017, 08:14:17 AM
 #31

Maybe the right answer is why not? After all if they let Bitcoin grow they will instantly feel the benefit from it. Everything goes around in this world one way or another the government of any country will find a way to benefit the use of Bitcoin by the masses. The only thing they can do which they will still allow the usage of Bitcoin is of course explain the Bitcoin is not a way to avoid taxes and that by itself is still taxable, because applying unnecessary taxes to it is not a good way to show support for Bitcoin.

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October 09, 2017, 08:27:57 AM
 #32

Bitcoin helps us to promote our bussiness,our economy etc that's why governments should allow bitcoin to continue grow. I also say that it will be the future digital currency.

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October 09, 2017, 08:31:48 AM
 #33

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
Dude you should know that bitcoin is not being controlled by the government. There isn't an interference on the government part on bitcoin. I don't know if bitcoin catches the governments attention because of its growth and the amount of people who are in line with this kind of currency.

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October 09, 2017, 08:37:47 AM
 #34

If the government allow bitcoins to continue growing it can help improve the economic condition of the country and when the financial situation of the people change there will even be economic growth and it can even sort out some of the unemployment issues prevailing in the country and in other sense it helping the nation remove unemployment issues the only thing is that the number of users in bitcoins is growing day by day and nobody has to reveal the real names and there no such rules whether they should pay tax for using it so it also helping them save their cash that was going as taxes but when they cash out and spend the money the government get its tax from what they transfer and spend

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October 09, 2017, 08:39:58 AM
 #35

Maybe the right answer is why not? After all if they let Bitcoin grow they will instantly feel the benefit from it. Everything goes around in this world one way or another the government of any country will find a way to benefit the use of Bitcoin by the masses. The only thing they can do which they will still allow the usage of Bitcoin is of course explain the Bitcoin is not a way to avoid taxes and that by itself is still taxable, because applying unnecessary taxes to it is not a good way to show support for Bitcoin.

And the one that will get the full benefit is their community. Look at China, their community thrives when they are still bitcoin friendly. But when they decided to ban ICO, closed their exchanges, the Chinese bitcoin community suffers. If they want to put tax on people then they should regulated in some how. And if bitcoin will grow, their country will grow as well. It should be give and take attitude for the government. And if they are really pro people, then they should allow it. That's why I consider anti bitcoin country as not pro people and its really sad that they can't see the advantage of allowing bitcoin to naturally grow.

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October 09, 2017, 09:25:57 AM
 #36

for me government should allow bitcoin to grow because people are getting benifits from it, I thinks what they need to do is to improve it instead, cooperate with its developers in order yo regulate it much better. We should bot stop on things that can help alot of people

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October 09, 2017, 10:05:45 AM
 #37

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using

First of stop spamming the forum with you signature just to increase your post count - it is very evident because these idiotic questions only leads to people spamming the topic with more useless posts.

If you would have done some research on bitcoin before jumping into earning money with signature campaigns you would have been able to get the answer to your question easily. Bitcoin is not controlled by any central organisation. Governments cannot do anything to control it even if they want to. All they can do is to regulate the coins in circulation. Even then it is tough to do and generally governments outright ban bitcoin or simply dont care to poke their nose in it.

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October 09, 2017, 10:09:40 AM
 #38

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
Other goverment hates bitcoin but other love the bitcoin the reason is becuase the bitcoin is modern and it gives a help to all people like me to use this as a extra income to buy anything so in short bitcoin is so much profitable for all people.

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October 09, 2017, 10:12:22 AM
 #39

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
because government knows what the advantages of it . if you look at the chart of money comparison, the bitcoin has a high fungible,high consumable, portability durable highly divisible secure easily transactable scarce decentralized and its being programmable. the only dis advantage of bitcoin it is only on the government issue, so it's up on the country if their banned it or not.now we see the advantages of the bitcoin among the all so i think it is the reason why some governments allowed it to grow the bitcoin

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October 09, 2017, 10:15:57 AM
 #40

Actually bitcoin is not controlled by our government but when the government allows bitcoin to engage in each country, the real thing comes. Bitcoin will boost up because it will not only help the economy of the country but also those persons who engage in bitcoin right away .

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October 09, 2017, 10:26:43 AM
 #41

It is my guess.
Because the US dollar is the 'key currency' in the world, US has a many advantages such as seigniorage, issuing treasury bonds or etc.
It is unfair for other country, so they want a new transparent and fair 'key currency'. Someday, bitcoin could be a 'key currency'.
I think that's why the governments allow bitcoin to continue grow.
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October 09, 2017, 10:29:47 AM
 #42

Actually bitcoin is not controlled by our government but when the government allows bitcoin to engage in each country, the real thing comes. Bitcoin will boost up because it will not only help the economy of the country but also those persons who engage in bitcoin right away .
"Helping economy of the country" what kind of joke is that, bitcoin not even helping the economy of the country but i can say that it'll unstabilize the economy, all of the government economy is always based on centralized system therefore they have control over it not a decentralized one, i wonder how you can say that bitcoin is helping the country's economy but that just dumb statement i say.

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October 09, 2017, 10:31:16 AM
 #43

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using

A lot of countries have several reasons and most times its beyond being objective and part of the reasons would include

1. Developing countries will have difficulty in stopping bitcoin at the moment because of the costs involved and at the same time the resources to be dedicated for such might not be available and the amount to go after might not be proportional to the cost to be dedicated for such.

2. To the advanced countries, its either of two ways which wont be limited though

1. They are trying to stop it but they are yet to get a breakthrough in which they are using regulations to buy time.

2. Others are scared of the future in case the world changes to adopt a digital currency and they have stopped their own citizens, it then makes them to start from the beginning even after they had the opportunity to be at the forefront.

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October 09, 2017, 10:34:02 AM
 #44

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using

I have often seen people confuse Bitcoin and government against each other, while I do agree Bitcoin is designed to make sure that taxes are not paid, but if you see carefully one can make a strong case for Bitcoin and government to Co exist with each other, if Bitcoin is allowed to be used then, government can put a small fee over it, and imagine they would earn more than what their taxes are collected. So that's why they would allow it to grow, look at China and Japan for example.

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October 09, 2017, 11:04:19 AM
 #45

The truth is if the government will be involved, the whole decentralised thing about bitcoin will be nonsense.
The government will surely take away the anonymity for it will be needing legal basis for transactions. The main third party that the bitcoin is against is the government itself because of high fees. So literally, if bitcoin is just like another currency, the only characteristic that it can be popular of is its volality, and it's access in the internet. When it comes to use, both fiat and bitcoin will have fees and not profitable anymore. ( worst case I can think of )

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October 09, 2017, 11:29:23 AM
 #46

In my opinion goverment allow bitcoin to continue grow because it can support our economy also using technology by working through online/internet such investing or to do advertising in any site it a big help to them aslo to promote their website but it is just my speculation.cause there's alot of emerging job now adays the most is currencies. It is a big help for us also to not get hard work even we are in our home we can earn cash to sustain our daily basis by working online .. Thanks to the government  Grin


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October 09, 2017, 12:46:05 PM
 #47

It is my guess.
Because the US dollar is the 'key currency' in the world, US has a many advantages such as seigniorage, issuing treasury bonds or etc.
It is unfair for other country, so they want a new transparent and fair 'key currency'. Someday, bitcoin could be a 'key currency'.
I think that's why the governments allow bitcoin to continue grow.

I think that is a good idea but that's not the truth behind it. You see the government CAN'T even control Bitcoin because they CAN'T access the blockchain. Because first of all the government don't have the key, they've been endlessly trying to control it. That's why Bitcoin has always been allowed by the government.

To tell you the truth, Bitcoin is already a 'key currency', it can be accessed almost anywhere.

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October 09, 2017, 01:07:54 PM
 #48

bitcoin can be popular without intervention of government, so what government should allow bitcoin to continue grow. if they want to control bitcoin, I don't think that it will give good impact on bitcoin itself.

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October 09, 2017, 01:16:25 PM
 #49

In my own speculation, Is it possible that there are big person's behind who used to transact bitcoins to escape from tax evasion or other type of criminal act just to fulfill their wants, We knew there are so many possibilities might happen in this type of negotiations.

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October 09, 2017, 01:23:34 PM
 #50

Actually, it doesn't really profit the government in many ways. However, it is time that it's not about the government. Especially with money, things need to be more decentralized. YOUR money shouldn't be in someone else's their hands, you should have control over it.
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October 09, 2017, 01:43:54 PM
 #51

Actually, it doesn't really profit the government in many ways.
Maybe government does not profit from bitcoin directly but I'm sure our government wants the best for their citizen. Bitcoin elevates financial situation of an average person thru internet jobs that pays bitcoin, and it is good in economy because it reduces poverty and unemployment rate. Another thing is that when more people in a certain country uses bitcoin to transact rather than their local currency, the effect is that central bank wont issue more local currency and it is also good in economy because the value of local currency gets higher in exchanges.

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October 09, 2017, 02:17:18 PM
 #52

you think too highly of your government! who is government? is it anything other than a group of people we put to their positions to work for us? they may seem to make all the decisions and we to obey but they can't just make anything that people don't want. it won't work.

and if people want to use bitcoin they will, the government can not do anything about it.

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October 09, 2017, 02:25:34 PM
 #53

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
Because they have failed to demolish bitcoin after so many attempts against it(i.e banning). Now they have realized that it is better to allow and accept bitcoin and cryptocurrencies but with regulations, so that they can restrict illegal activities of criminals with it.

   
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October 09, 2017, 02:36:29 PM
 #54

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
If the government banned the use of bitcoins, more people will use it for illegal purposes. Also, many people likes to do things that government don't allow to piss them of. What should the government do is adapt in the increasing demand of bitcoins. They can control physical money and use it to buy cypto currency. This can make them powerful and eventually they can regulate the value of bitcoins. Tho it would be a long, risky and complicated process.
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October 09, 2017, 02:39:33 PM
 #55

For me i think government should not involves with this cryptocurrency as it will make a country fight for this cryptos technology. Eventually we all will condemned by our country. I mean it will be a war again peoples in the country vs another country and there will a very strict rule to join this cryptos in the future.

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October 09, 2017, 02:50:40 PM
 #56

probably because there are many countries that use it as an online transaction tool and as a tool of economic growth of the country even though the government partially agreed to the existence of digital money but there are some countries that are prohibited from using it, and this is no problem bitcoin will be stronger Smiley

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October 09, 2017, 02:51:12 PM
 #57

Even if all goverments around the world would started to ban Bitcoin, it wouldn't stop it. Bitcoin became too wide-known and popular for investors. There will be always at least one country when Bitcoin will be legal. Why? Because it's money. How would they cut out all miners and nodes? It would take a lot of time and effort. Why they haven't banned Tor yet? Because it's not possible.

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October 09, 2017, 03:27:55 PM
 #58

for the government in the presence of this forum can help the community to reduce unemployment.
 and while bitcoin forums are already spread even worldwide it is possible the government thinks that butcoin brings many new innovations or brings new opportunities. to get lot of results.
and that's the reason the government let it grow well

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October 12, 2017, 01:38:08 AM
 #59

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using

Bitcoins are dependent on mining and anyone can make bitcoin at any limit then why you want it to be taxable by involving govt? havent you seen many countries just accepted bitcoins and also there are some which still beleive it has no worth. It should grow because the world is moving towards digitalization.

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October 12, 2017, 12:47:47 PM
 #60

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using

The reason that crypto was created in first place was to prevent government intervention on the money. Its a hard fase that we ALL will face, sooner or later. The US also made regulations and the bankers wont let their business fall down without a fight, prepare for that. Free world is not as free as you think.

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October 12, 2017, 12:53:03 PM
 #61

I don't see things that way and don't think that governments have (direct) influence on the price growth and could or couldn't allow that.
They can regulate Bitcoin and other cryptocurrencies and that could influence the Bitcoin price, not necessary in negative way, but to my opinion financial institutions and governments have come to the phase when they also want to have some benefits from cryptocurrencies so price going up is in their best interest too.

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October 12, 2017, 12:55:24 PM
 #62

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
Yes all goverment must legalize this bitcoin becuase this is our future money.
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October 12, 2017, 05:51:04 PM
 #63

a lot of speculations here, but I agree with an opinion saying that the government let and legalize Bitcoin because it wants to facilitate the monitoring of transaction that occur rather than transactions occur in black market which is more difficult to control its existence.

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October 12, 2017, 05:58:54 PM
 #64

maybe because they want to learn and apply bitcoin on their financial and economic systems later, they want to see the stability of blockchain and cryptocoin before they implement them in the system later. they have the power of Bitcoin and they will master it better if they learn it well and also make a competitor to compete with Bitcoin's power.

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October 12, 2017, 06:02:40 PM
 #65

because there is nothing wrong with Bitcoin, this is a real currency and it goes very well. the government also has no choice, Bitcoin is a decentralized currency that will grow whether governments want it or not. many countries have accepted Bitcoin and the government seems doesn’t to want to get left behind this technology.

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October 12, 2017, 06:10:00 PM
 #66

Cryptocurrencies, especially Bitcoin as the pioneer, have created many innovations and we all know that innovation brings both business and employment opportunities. this new job gives the income for people who work in it and they who use their money, the economy will be triggered and bring in taxes from the transaction they make with the money from bitcoin.

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October 12, 2017, 06:12:30 PM
 #67

I don't think there is any government in this world that would allow their citizens to transact huge amount of money without any control, more and more countries are starting to take note of bitcoin and I believe there will be more country announcing their plan to regulate bitcoin and crypto-currencies exchanges that operates in their country.
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October 12, 2017, 06:12:40 PM
 #68

Cryptocurrencies, especially Bitcoin as the pioneer, have created many innovations and we all know that innovation brings both business and employment opportunities. this new job gives the income for people who work in it and they who use their money, the economy will be triggered and bring in taxes from the transaction they make with the money from bitcoin.
yes, this industry will drive the local industry and economy. especially when many stores and merchants have accepted Bitcoin as their payment, but it can also trigger the growth in tourism sector. people also become financially free and can pay their needs without government help and they can also help their neighbors either by raising their economic level like opening job vacancies or donating to a foundations or charity organizations.
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October 12, 2017, 06:52:19 PM
 #69

It seems to me that some governments are afraid of bitcoin, this is due to the loss of power over the circulation of funds in the country. Because of this, the government exerts pressure. But states that will have taken Bitcoin and Crypto-Currency will are in a win, because this is the future. Also a government can try to correct the financial situation in the country if it allows the crypto currency.

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October 12, 2017, 08:32:59 PM
 #70

The government of some countries thinks that if virtual currency is given more priority then its policy on the payment currency will have an effect.The use of public on the main currency will be reduced.So they used to adopt any other currency as a legal offense.But, If they give permission to use bitcoin direct then all public use bitcoin.and increase bitcoin demand and continue grow.

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October 12, 2017, 10:57:51 PM
 #71

The government of some countries thinks that if virtual currency is given more priority then its policy on the payment currency will have an effect.The use of public on the main currency will be reduced.So they used to adopt any other currency as a legal offense.But, If they give permission to use bitcoin direct then all public use bitcoin.and increase bitcoin demand and continue grow.
In fact in present time most of the countries are still not aware from the importance of bitcoin. i think that with the passage of time as soon as bitcoin will become more populars its importance is also increasing from time to time, therefore i can say that such government will also understand the importance of bitcoin and will surely consider it as legal currency.

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October 12, 2017, 11:23:40 PM
 #72

The truth is if the government will be involved, the whole decentralised thing about bitcoin will be nonsense.
The government will surely take away the anonymity for it will be needing legal basis for transactions. The main third party that the bitcoin is against is the government itself because of high fees. So literally, if bitcoin is just like another currency, the only characteristic that it can be popular of is its volality, and it's access in the internet. When it comes to use, both fiat and bitcoin will have fees and not profitable anymore. ( worst case I can think of )
just the fact that the government is involved does not necessarily result in decentralization;  the very nature and structure of bitcoin keeps it from being centralized without massive resources being dedicated towards control, for example, the 51% attack. unless a government specifically aims to control bitcoin and is willing to dedicate ample resources to this effort, this will never happen.

The government of some countries thinks that if virtual currency is given more priority then its policy on the payment currency will have an effect.The use of public on the main currency will be reduced.So they used to adopt any other currency as a legal offense.But, If they give permission to use bitcoin direct then all public use bitcoin.and increase bitcoin demand and continue grow.
In fact in present time most of the countries are still not aware from the importance of bitcoin. i think that with the passage of time as soon as bitcoin will become more populars its importance is also increasing from time to time, therefore i can say that such government will also understand the importance of bitcoin and will surely consider it as legal currency.
most major countries are starting to however. we can see major countries and nations that are leading in technology coming forth with their decisions on bitcoin in the recent weeks (china, korea, japan), and it can reasonably be expected that others will soon follow. i dont expect it to be long before we see which countries will come forth and we should be able to judge where bitcoin will develop and be adopted.
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October 12, 2017, 11:29:30 PM
 #73

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
Yes all goverment must legalize this bitcoin becuase this is our future money.
Government should allow bitcoin to continue to grow because there will be an affect to all people who uses bitcoin. Because bitcoin is helping a lot to those jobless as we all know bitcoin offer opportunity to people willin to earn income online. And I think there will be an adoption in the upcoming years, bitcoin has a lot of features to all not only to users but also to the government.

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October 14, 2017, 01:21:14 PM
 #74

Sorry to break it to you but governments are useless third parties and are unnecessary when making transactions. Now we can just trust the blockchain and not third parties.
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October 24, 2017, 02:08:46 AM
 #75

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
I think the reason why the government allows the bitcoin to grow much more is that someday or in the upcoming years its possible that Bitcoin will become the center of the currency in the world. Now that it become much more bigger and famous now it has now gaining some good reputation so there is really a possibility of Bitcoin bexoming the center of currency that the government will try to put some law in using Bitcoin.

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October 24, 2017, 02:41:07 AM
 #76

The government must see the opportunity given by bitcoin to a lot of people, with this new innovation everyone has given equal chance to earn additional income and if government will allow bitcoin to grow many people will benefit and the country's economy will also grow. Government must stop prioritizing having the control over money they must look for the welfare of their people.

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October 24, 2017, 02:55:25 AM
 #77

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using

every country or government has their own law about this bitcoin, if every government wants to continue to grow this bitcoin, theres a possibilities that they can take over the privacy of our bitcoin, and they implement some taxes if that happen, they want to earn also on this bitcoin by doing some services on their own country to manipulate bitcoin from their country bitcoin users.
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October 24, 2017, 03:02:06 AM
 #78

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using

Not all governments are pro Bitcoin. Sime of them are against it. For those countries that accept Bitcoin, I think they saw the potential benefit they can have from it if they will adapt it. Even though they have no control over it, they are happr to see that their citizens are earning from it and they have to opportunity to improve their lifestyle.



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October 24, 2017, 03:53:57 AM
 #79

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
Bitcoin is difficult to control especially transactions that are anonymous. The government can not control illegal money transfers and it is unlikely that those who are using or own it.

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October 24, 2017, 04:06:17 AM
 #80

Governments of course won't be too easy on this because of security concerns that crypto present. If it's just for the convenience of the people, then bitcoin would do a very good job in doing this but governments would have to consider the frauds, scams, drug trade, terror activities. There's a lot to consider so there would have to be thorough study to make sure these are addresses before it allows bitcoin to grow into national acceptance

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October 24, 2017, 04:51:26 AM
 #81

I completely agree with the fact that governments are willing to control the wealth and economy of the country so ideally, it would be an irony to legalize the technologies like Bitcoin which is based on the principle of decentralisation that challenges the role of one central authority.

However, in my opinion, the most common reason for the governments to allow Bitcoin is monitoring the flow of wealth in cryptocurrencies. Let's be honest, we are ready to pay our taxes but we don't want anyone to control our funds and by legalizing Bitcoin or cryptocurrencies, governments can build a model where it can monitor the crypto world by permitting domestic and foreign exchanges to maintain KYC records of the account holders.

In case of a ban, there will be a huge trouble for the governments because in that case, it will promote black market as anyone can use Bitcoin anywhere in the world through VPN and to avoid this mess, governments should allow Bitcoin.

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October 24, 2017, 05:15:36 AM
 #82

There are so many reasons why governments do not let the Bitcoins increase. And one of the most important reasons is that they can not stop it because they do not hold the Bitcoins. Bitcoins are decentralized and this can not control anyone. So they will not be able to accept what's happening and embrace new technologies that can make the world a reality.

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October 24, 2017, 05:16:56 AM
 #83

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using

its simply to elaborate why bitcoin continue to allow government to grow its because bitcoin are big help to the community of every country to give of the people have a decent job using bitcoin as source of income.

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October 24, 2017, 05:33:17 AM
 #84

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
They don't have a reason. I'm more surprised that a lot of governments haven't been shutting Bitcoin down to be honest. It's something that will completely disrupt the entire power structure of the world, assuming that it grows in the same way it has been over the past few years. Something completely freeing up the average person so that the work they have actually has value instead of giving them a constantly inflating and depreciating token would completely upend a lot of countries' means of controlling their citizens, and that would be profound in far more ways than you may want to believe. It's almost worrying what could happen should Bitcoin replace the primary financial structures.
I think they actually have a reason for allowing Bitcoin to grow and the reason is that they have come to realize they cannot effectively ban Bitcoin and it was never for lack of want to try as a number of governments have already experimented with a ban on Bitcoin, but which instead turned out as Bitcoin massive  promotion campaigns.

Bitcoin is a force, whose time have come, the governments across the globe stand to lose out completely by trying to stand in its way. Their only hope is to instead embrace legalization and have some measure of control or keep fighting a losing battle.

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October 24, 2017, 05:54:33 AM
 #85

Bitcoin can help the economy and can reduce poverty someday. There will be more businesses, traders, investors and opportunities for everyone to get involved. Because they apply the rules for exchange, millions of taxes can also be collected if the government allows Bitcoin to continue growing as the community might support and invest in Bitcoin, I see no reason to have any problems or conflicts with it. Whenever we withdraw our funds in the local exchange, there is a tax, so that's why they need to let Bitcoin grow and thrive
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October 24, 2017, 06:11:30 AM
 #86

Bitcoin can help the economy and can reduce poverty someday. There will be more businesses, traders, investors and opportunities for everyone to get involved. Because they apply the rules for exchange, millions of taxes can also be collected if the government allows Bitcoin to continue growing as the community might support and invest in Bitcoin, I see no reason to have any problems or conflicts with it. Whenever we withdraw our funds in the local exchange, there is a tax, so that's why they need to let Bitcoin grow and thrive

people will be growth. country automatically improve the future. Bitcoin is improve the country people and people know the all thing. how it will use and how to invest and improve the more confidant for the gather for the economy. Bitcoin is future digital currency. So it will be use the bitcoin for the all country and use to the more transaction the money. 

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October 24, 2017, 07:05:16 AM
 #87

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using

THE GOvernment should allow cruptocurrencies to grow and prosper as this is something that can help elevate their country if used properly. THey would ensure faster transactions, safer and cheaper ways to invest and would be anle to provide a chance to other people to earn

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October 24, 2017, 07:12:26 AM
 #88

Bitcoins have created wealth for a lot of people and we all know how the governments likes to take money from people in the name of paying taxes. The more the people earn, the more taxes they pay so in reality, its a win for the government.



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October 24, 2017, 07:37:49 AM
 #89

For taxes and control first of all. Bitcoin isn't really anonymous and it's quite easy to trace back addresses and transactions and governments love that. They just need enough time to wrap their heads around how to profit from it by making it "legal".
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October 24, 2017, 07:39:50 AM
 #90

governments should allow bitcoin to continue in growing because they will only create more dangerous way for people to do transactions.
bitcoin may indeed take away the taxation power of the government but they can still collect it through exchanges.
but by totally banning the use of bitcoin people will only find a new way to avoid the prying eyes of the government and this could be far more dangerous.
sometimes we need to sacrifice something for the greater good..
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October 24, 2017, 08:01:07 AM
 #91

For taxes and control first of all. Bitcoin isn't really anonymous and it's quite easy to trace back addresses and transactions and governments love that. They just need enough time to wrap their heads around how to profit from it by making it "legal".

Tracking the flow of transactions can still be fooled by mixing services, some wallets can also generate addresses of applicable transactions, this becomes a problem for the government, if there are thousands of people doing money laundering, then their database will not have enough competence. .

the way the government legalizes bitcoin is to try to engage in crypto currency and generate its own currency. So investment benchmarks must pass their currency and clearly the government will greatly benefit from the tax sector.


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October 24, 2017, 08:21:13 AM
 #92

Government should allow bitcoin to grow as bitcoins is going to be a new currency in the upcoming era.
It can help the low salary workers to get a money to buy their needy things in their daily life so that they wont face poverty
So the government should mark this as a point
And bitcoins can't be earned in wrong way.  Smiley
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October 24, 2017, 08:58:59 AM
 #93

Perhaps because of the better economy so many countries let bitcoin growth to date, and of course bitcoin can have a positive impact on the economic development of this country, so the government let its development and for me personally bitcoin is a good source of income.

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October 24, 2017, 07:03:14 PM
 #94

governments should allow bitcoin and legalize it in countries since it aids unemployment and increases the opportunity for each citizen. since it is already known to us that bitcoin can really provide with the financial needs, bitcoin gives opportunity to people to earn their money in a simple and digital way. most of us at age are into computer internet and cellphones, and having bitcoin provides us useful way in spending way our time in this things usefully and efficiently.
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October 25, 2017, 04:47:49 AM
 #95

Governments of course won't be too easy on this because of security concerns that crypto present. If it's just for the convenience of the people, then bitcoin would do a very good job in doing this but governments would have to consider the frauds, scams, drug trade, terror activities. There's a lot to consider so there would have to be thorough study to make sure these are addresses before it allows bitcoin to grow into national acceptance
In my opinion there can be a lot of reasons but the most important for me is that bitcoin has reduced the unemployment in countries because there are a lot countries who are completely fail to provide a jobs to their people and bitcoin have done it it’s true that it can problem in tax return to country but on other hand it provide a good source of income.

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October 25, 2017, 04:58:00 AM
 #96

It is to the advantage of the government to allow bitcoin to continue growing this is because government have little or no control over bitcoin, but if bitcoin become legalized by the government they can now have full control over it. To for instance a situation where government play the monitoring role in bitcoin it will be easy for them to check and crack down criminals who now use bitcoin for they illegal transactions.

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October 25, 2017, 05:14:09 AM
 #97

There can be a lot of reasons. If they would outlaw Bitcoin, it would just be moved to the deep web and it will become much harder to monitor transactions and crackdown on criminals who use it for illegal operations. When Bitcoin is legal governments can just work with exchanges and other services if they need to investigate something. Bitcoin is not much different from cash - sure governments can't print more Bitcoins, but they can print more fiat and buy BTC with it. It's very likely that in the future governments and banks would adapt to Bitcoin instead of fighting it.

i agree with you sir/ma'am government must allow the usage of bitcoin to the people because if this will become legal the illegal operation in the deep web will be busted.

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October 25, 2017, 05:22:33 AM
 #98

No body have the capacity to control Bitcoin, because it was Decentralized. However, Government should support Bitcoin, They can promote Bitcoin as well, for their own countrymen.

For the wide range of poverty around the globe, if the Government of every country really have heart for their People, they should help Bitcoin to grow more, Because Bitcoin once learn by the people, it help people to have much better living.  
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October 25, 2017, 09:07:03 PM
 #99

I think the main reason they're allowing bitcoin is because it's helping the government somehow.maybe in economy, or maybe they have shares with bitcoin. And maybe for the reason that it's not illegal so they dont see anything why would they stop bitcoin from growing up.for as long as it's not illegal, bitcoin will continue to grow.specially here in our contry.the growth of bitcoin is so fast.and our government is not against the growth of bitcoin

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October 25, 2017, 09:17:01 PM
 #100

Maybe the government also wants to see people's lives become more prosperous because now to look for an offline job is also quite difficult so the way out in reducing the unemployment of sustainable governments should really give up the existence of bitcoin as one place that is allowed to be utilized For the community in generating income every month to meet all economic needs at all times.

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October 25, 2017, 09:26:53 PM
 #101

They shouldn't 'allow' they don't have a hand in Bitcoin. They should embrace it but certainly not allow.
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October 25, 2017, 09:42:13 PM
 #102

Government should allow bitcoin to grow because there are a lot of opportunities here for all people especially those people with no work because they can earn here. Bitcoin also can be used as a payment system. I think government is afraid of it because some users don't use it as a good thing. It can be used in bad things such as money laundering but it can be stop with the use of KYC.

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October 25, 2017, 10:07:02 PM
 #103

Government should allow bitcoin to grow because there are a lot of opportunities here for all people especially those people with no work because they can earn here. Bitcoin also can be used as a payment system. I think government is afraid of it because some users don't use it as a good thing. It can be used in bad things such as money laundering but it can be stop with the use of KYC.
I agree wiith that point. But bitcoin cannot helping the economy of the country but i can say that it'll unstabilize the economy. All of the government economy is always based on centralized system therefore they have control over it not a decentralized one. People want to use bitcoin they will, the government can not do anything about it.

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October 25, 2017, 10:09:24 PM
 #104

Bitcoin is a currency in which people trust and they invest in it. Government should try to understand the advantages of bitcoin and how people will get opportunitys through use of bitcoin and its earning methods.

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October 25, 2017, 11:01:13 PM
 #105

The Crypto currency has already spread around the world so much and has such a significant impact on the economy of almost all countries that governments can no longer stop this process. To prohibit the circulation of crypto currency in your country does not make sense. First, in civilized countries, human rights defenders will have good reason to consider the prohibition of crypto currency as a violation of human rights, and they will in general be right. Secondly, by banning the state will only drive this kind of activity into the shade and it will be very difficult to control. Therefore, it is easier to regulate circulation of crypto currency and try to manage it. If, during the sale of the crypto currency, the identification process is established under the pretext of levying income tax, then governments will be able to control the circulation of the crypto currency.

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October 25, 2017, 11:49:27 PM
 #106

Well there are several reasons why government allow bitcoins to continue growing because there is no government which has control over bitcoins.Btc is a platform which does not run under any government or organization it is being build by someone with the user name sathoshi.Btc is a currency which is in the digital format  it is being accepted world wide and it works without a central repository or single administrator.Btc help people get rich so i think why would the government not allow btc to continue its growth as the richer the people become via btc they will have a tendency to cash out their btc and hence they transfer it to their bank account to enjoy its benefits and its normal human tendency to use their money on something so the money spend will be taxed in some way or the other depending on how and where they spend.

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October 25, 2017, 11:51:19 PM
 #107

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using

Who said they want it to grow?

Which government do you know of, that wants it to grow?

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October 25, 2017, 11:56:41 PM
 #108

Do you really think that any government will care for the opportunities that a platform will provide for its citizens if they think that it is against their general principals,they really cannot do anything against bitcoin as it is decentralized and cannot be controlled,the only thing they can do is to ban the exchanges,so either they have to embrace it with rules and regulation and that is what some are trying to do and they could ban ICOs without a doubt.














 

 

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October 25, 2017, 11:57:23 PM
 #109

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
So that they would become richer! The government itself may not have control over bitcoin, but I’m pretty sure that a good number of the politicians already have their dirty hands into it. Politicians are politicians! They will always find ways to get involved in something profitable...

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October 26, 2017, 12:09:38 AM
 #110

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using

because bitcoin itself is not harmful. this is same like with guns.
Guns doesn't kill people ... people kill people.
If people want make money loudering they will always find ways.
Stopping innovation is harmful to economy.

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October 26, 2017, 12:21:56 AM
 #111

Government should try to understand the advantages of bitcoin and how people will get opportunitys through use of bitcoin and its earning methods.

Governments do understand Bitcoin, don't worry about that. What you must understand is that governments thrive on control, which is something they can't have with Bitcoin. So tell me, if control is the only thing they are after, and Bitcoin doesn't allow them to have it, why would any government ever spend time on Bitcoin (aside from coming up with regulations)? Governments are experimenting with their own (centralized) crypto currency, and that's basically the only thing they want to put their time and effort in. It's nothing more than an attempt to offer people an alternative to make them forget about crypto as we know it.

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October 26, 2017, 12:24:02 AM
 #112

Maybe the government also wants to see people's lives become more prosperous because now to look for an offline job is also quite difficult so the way out in reducing the unemployment of sustainable governments should really give up the existence of bitcoin as one place that is allowed to be utilized For the community in generating income every month to meet all economic needs at all times.

No they don't care about those things as much as they do about keeping control over where and how the money flows.

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October 26, 2017, 12:27:24 AM
 #113

a news appear in television here in Philippines that bitcoin is used to scam.... but that is not the point
the thing is a government official who has the knowledge about virtual currency which we all know crypto
and he say that it is legal at all.. I think solving math problems are not way or reason government shut down the bitcoin. and I think bitcoin helps the goverment too . example taxes after we convert to fiat right?

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October 26, 2017, 12:59:53 AM
 #114

Because there is nothing wrong with Bitcoin, this is a real currency and it goes very well. the government also has no choice, Bitcoin is a decentralized currency that will grow whether governments want it or not.
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October 26, 2017, 01:12:01 AM
 #115

Governments should allow bitcoin to continue to grow because they can get benefit from it. They can use bitcoin as a payment in different stores or for their services that they are giving to the other people. If they will invest their money in bitcoin then it is a huge help for them because they can earn profit in a very short period of time which is suited for the people who want to make money fast.

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October 26, 2017, 01:36:58 AM
 #116

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
I really do not know how to answer this question? Because some countries banned bitcoins from circulating in their country for fear of some bad activity such as money laundering, the sale of weapons, etc. And a bitcoin development is not decided by the government. Because bitcoin does not depend on anyone, it depends on who uses it
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October 26, 2017, 01:42:31 AM
 #117

If government do this, the use of bitcoin will go for illegally. The use and transaction of it will hard and personally. Besides it the unemployment rate will be increasing which affects on any country's development. So government don't outlaw it.

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October 26, 2017, 01:50:10 AM
 #118

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using

First of all, governments out there has no capabilities and it's impossible for them to control bitcoin because of its decentralization. So meaning, they cannot stop it from growing even more larger. Bitcoin will grow larger and larger in this coming years because of mass adoption of countries like Japan, Korea, and other countries out there including USA where bitcoin is quite popular and many shops out there accepting bitcoin are so many.
On my own point of view, we are approaching an era where bitcoin and other cryptocurrencies will dominate micropayments, money transfers, and all internet payments. So governments prohibiting bitcoin must allow it on their countries. Because they will miss and they will be outdated in the development of this technology.

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October 26, 2017, 01:54:41 AM
 #119

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using

Government will not allow growing BTC because they have no control over it.

If they would allow it, i guess we are so much lucky for they already open their mind how BTC will work on our society or country to be exact.

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October 26, 2017, 02:05:28 AM
 #120

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
Governments should allow bitcoin to continue on growing because bitcoin has already helped so many people and bitcoin becomes an aid to many people who needs financial assistance and who needs job. IN able fro them to gain so much money people are using bitcoin. Governments should support bitcoin.

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October 26, 2017, 02:22:33 AM
 #121

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using

Bitcoin has an increasing demand in the market and it will definitely grow more in the next years. The thing is, even other countries like China, banned bitcoins, there are still more countries where are still legal to use it. The government of other countries which have different views compared to countries like China, tend to do things differently so they will most likely won't ban bitcoins. They will adapt in this demand and they can see the potential in using crypto currency.

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October 26, 2017, 02:26:11 AM
 #122

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
Im thankful becuase bitcoin in our country is legal here in philippines maybe our goverment legalized this becuase it can help so much to all of people like me to reduced our poverty  and all goverments should legal this becuase it's profitable.

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October 26, 2017, 02:57:53 AM
 #123

Governments are already making some remarks with regards to bitcoin. In fact, local monetary regulators have started to take notice of the existing cryptocurrencies. Undeniably, bitcoin has made great deal in business transactions. The demand for suitable virtual currency is real, bitcoin is a digital currency so it cannot be counterfeited. Bitcoin can make a better digital transactions , payment methods, and financial system beneficial for all.

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October 26, 2017, 03:02:23 AM
 #124

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using

I think the main reason I see is that bitcoin can somehow help the economy of a country to build up because we all know that many people are starting to earn bitcoi  so that they have a lot of many and bitcoin doesn't have any tax so people actually getting all it earnings without expenses. And this bitcoin somehow can bring a big changes to economy of a country.

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October 26, 2017, 03:06:09 AM
 #125

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using

Because bitcoin manage to give us the  earnings or income we believe tgat would help us. And if the government help the bitcoin to grow it will somehow have some positive effects on the economy of the country. Bitcoin is a good move for me because it able to give you full income without getting some taxes.

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October 26, 2017, 03:07:57 AM
 #126

The issue is that there is no way to stop bitcoin at this point, as it is at a point of no return. No single government can simply prevent its use. People will trade it regardless. As it is decentralized, there is no way to technologically suppress it. Bitcoin is here to stay, whether the elites like it or not.

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October 26, 2017, 03:10:47 AM
 #127

well at first, there really wasnt an incentive to go after bitcoin.

pretty sure bitcoin blipped on the govs radar about the same time Gox became a real thing. Im talking sub 20, btw. at this point, it would have taken more money than it was worth to try and police the sphere; for the most part there was no real eco sphere, just a large community of really enthusiastic participants. now, with coin prices so high and so much value created, there is a real danger of funds being misused (money laundering and criminal activities). notice how much we have been hearing FUD wise since we broke 6k. its some of the same that shrunk the bubble on the China rumors.

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October 26, 2017, 03:17:44 AM
 #128

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using

The blockchain technology behind it has a big impact in the future transactions. Bitcoin has been one of the alternative payment option or store of value for some people now and the government can see that they can't really control the flow of transactions since it is decentralized so instead of banning it, they would just join it and have some share of the transactions through tax. Besides, the government can also benefit from the fiat transactions done by those who are earning bitcoin. Those people who have no job are able to find way to have income which can help in the circulation of money and businesses as well.

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October 26, 2017, 03:18:27 AM
 #129

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using

I also disagree because we all know tgat bitcoin is decentalized yet it doesn't have any people or organizations who holds it. I think if the government has the access to hold it they will somehow change and soonly break ehat are the best things about bitcoin. Our government here in our country are having some uneccesary moves that put them in dangerous situations.