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Author Topic: why should governments allow bitcoin to continue grow?  (Read 3920 times)
saumang2m
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November 11, 2018, 04:18:43 PM
 #261

I agree with you. That the government should allow Bitcoin. Thereby, Bitcoin will have a good impact in the crypto market. And the market value that bitcoin will also increase.

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November 11, 2018, 04:21:18 PM
 #262

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 BTC was made by american intelligence to easily fund their agents & spies all over the world.
That't what Natalia Kasperskaya said at a Kaspersky convention, and i believe it to some extent.

After all, if the gov hated bitcoin so much then it was very easy for them to take it down:
they may just arrest/blackmail the devteam/distributors of Bitcoin,
and/or block the bootstrap node IPs that the BTC wallets require to join the network when they are launched.

It would be that easy
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November 11, 2018, 04:22:11 PM
 #263

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 and I believe that governments has no capacity to shut down bitcoin and blockchain technology and if its has that capability it could have done that long time ago. Did you think governments will live things that there know will bring freedom to the society and common man? I don't think so. Governments will ever be against bitcoin and other coins and that is why they are promoting bad and false news about bitcoin and other cryptocurrencies. I don't think government can do much again bitcoin than it has already done!
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November 11, 2018, 04:26:49 PM
 #264

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 and I believe that governments has no capacity to shut down bitcoin and blockchain technology and if its has that capability it could have done that long time ago. Did you think governments will live things that there know will bring freedom to the society and common man? I don't think so. Governments will ever be against bitcoin and other coins and that is why they are promoting bad and false news about bitcoin and other cryptocurrencies. I don't think government can do much again bitcoin than it has already done!

What you say is not necessary to take down bitcoin. They need just to block the bootstrap node IPs to which the wallet connects to at boot time, and voilà, all the wallets in the country don't work anymore.

Or they can threaten the BTC core dev team, making them remove the software from github and the official download sites
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November 11, 2018, 04:32:46 PM
 #265

Bitcoin is one of the innovations, bitcoin is one of the technologies, and bitcoin is one of the advancements. Bitcoin is proven to provide benefits to make it easier for us to conduct financial transactions quickly, easily, and cheaply. This good thing should get full support so that the government as the official authority should indeed provide space for bitcoin to continue to grow and spread even greater benefits. It's a shame if bitcoin as a great technology must be forced to stop providing benefits because it means that we are experiencing setbacks. Bitcoin as a crypto currency does have to grow and always innovate. I am sure that in the future this bitcoin will be more useful. Bitcoin as a means of payment will complement the function of the fiat currency and cover the shortcomings of fiat currencies where there are several financial functions that fiat currencies cannot do quickly. We must be open to the emergence of this innovative technology so that we become more widespread to enjoy the benefits.
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November 11, 2018, 04:55:23 PM
 #266

I think that bitcoin is free from any influence of any government and if bitcoin is free from every side it can be grow but if we impose some strict rules and regulations for it then it's value can be influenced by that also like if we look at the tax issue that government will impose some taxes upon it then it is harmful to the crypto and with this the crypto market also affected but i am sure that if we use bitcoin in transactions we can save more money and it is a safe way the bitcoin community is rising day by day.

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November 12, 2018, 11:32:46 AM
 #267

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 am sure, governments are already started taking steps towards controlling crypto, btc, etc. So the more advanced they become in this, the faster btc goes mainstream. The popularization of crypto will be accelerated by times if governments have financial interests in this.
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November 12, 2018, 11:41:23 AM
 #268

because the one who controls bitcoin is not the government, every investor already has his own authority and rights in controlling the circulation of bitcoin in the community. the government can only monitor but cannot touch it

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November 12, 2018, 12:24:18 PM
 #269

There is nothing to do anything for growing bitcoin. As we know bitcoin is decentralized and the user of bitcoin is anonymous. So the government can not track users for taking taxes. Even will not control bitcoin and its activities so the government can observe but will not do something for the growing of bitcoin.
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November 12, 2018, 12:42:30 PM
 #270

Even government outlaw the use of that cryptocurrency, they can't effectively implement it because they have no control on bitcoin which is decentralized. I think some countries like China will eventually give up on banning cryptocurrencies like bitcoin because their people can buy still buy it in the underground exchanges. Even a court in China ruled in favor of the bitcoin because it is their right to own a cryptocurrency. People get more benefits if other restrictive governments allow bitcoin in their country.

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November 12, 2018, 01:46:17 PM
 #271

I think government allow bitcoin to continue because it can help netizens. Even the group of people who are doing bitcoin even if they are unemployed is also lessen their problem. All we know that poverty and unemployment is the main problem of every country but because of bitcoin it will lessen. And also they will allow to continue bitcoin because they are watching and learning the regulazion and legaluzation of bitcoin. Because on mynown opinion in terms of government income government will earn more tax coming from every bitcoin transactions.

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November 12, 2018, 02:31:02 PM
 #272

The government deserves to accept bitcoin as a legitimate payment instrument, because bitcoin is the first and oldest cryptocurrency, of course he has experienced a lot of developments so it can be what it is today. Flexible and transparent is what bitcoin offers in no other currency.
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November 12, 2018, 02:31:49 PM
 #273

I think government allow bitcoin to continue because it can help netizens. Even the group of people who are doing bitcoin even if they are unemployed is also lessen their problem. All we know that poverty and unemployment is the main problem of every country but because of bitcoin it will lessen. And also they will allow to continue bitcoin because they are watching and learning the regulazion and legaluzation of bitcoin. Because on mynown opinion in terms of government income government will earn more tax coming from every bitcoin transactions.
Bitcoin actually creates more work and reduces poverty as you say because bitcoin helps investors and people who are knowledgeable on bitcoin can grow and expand their income, and more rich people will appear in society, they will create more work, help people and limit poverty. And the government also receives some benefits when people have income, they will be able to collect more taxes, developed for the country, although bitcoin may create some problems for them but it seems insignificant and can be controlled over time, so the government should allow bitcoin to continue grow, there is not much reason to stop it

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November 13, 2018, 01:33:31 PM
 #274

It's hard to suppress the growth in the long-term perspective, as there will always be new people who interested. But controlling and making money on btc is easier and more convenient for the governments. So possibly they will go this way, which they do now.
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November 13, 2018, 06:25:51 PM
 #275

the government allowed bitcoin to continue to grow because bitcoin had a good impact on economic development in countries that accept bitcoin. now I've seen the crypto market sign will improve, I see my friends and neighbors invest in bitcoin and altcoin.
I am sure if a country uses crypto currency well then the economy in that country will develop rapidly.

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November 13, 2018, 08:56:21 PM
 #276

There so many reason why government  should allow bitcoin to grow because it can help more people to   make money. We all know that theres a lot of people who doesnt have regular job that will sustain their needs. Bitcoin can help  them by introducing it to them.
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November 13, 2018, 10:20:24 PM
 #277

you, already answer your question, to control bitcoin.
in my country, government do some research about bitcoin. if bitcoin have more advantages than disadvantages, 'maybe' they will accept it (for me, its to late to make research because many people already play bitcoin). they will make new coin if they sure crypto is good for our country.
they make research, like boiled egg is good for us or not, while many people already know the benefit and already use it.

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November 13, 2018, 10:23:32 PM
 #278

Simply because it benefits the society, the government will continue to develop it, otherwise it has long forbidden it.
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November 13, 2018, 10:29:48 PM
 #279

The government has taken a more open look at bitcoin and they seem to have seen its potential
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November 13, 2018, 10:39:05 PM
 #280

The government has taken a more open look at bitcoin and they seem to have seen its potential
Some countries did but I'm not sure with the other countries. They are yet to see the potential of bitcoin but if they will just let it continue to grow as it is going there, they don't have any means of way to stop it. Instead of stopping it, they just have to let go of it and support it so in that way, they will taste the benefit of bitcoin tax profits.

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