why should governments allow bitcoin to continue grow?

[yjunseon]

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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[Teraboy]

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.

[audaciousbeing]

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.

[Juggy777]

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.

[Shamie1002]

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 )

[Ararbermas]

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 

[DaftAjax]

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.

[hildacitra]

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.

[fredo123]

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.

[sebasman2]

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.

[Ilegendph]

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.

[Pursuer]

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.

[malikusama]

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.

[chichan13]

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.

[soulripper]

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.

[doblok]

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

[Dilladupak]

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

[Jafri101]

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.

[Moujahid]

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.

[bitbunnny]

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.