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Femhab
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October 27, 2017, 12:42:37 AM |
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There are many reasons why fair government should allow bitcoin to grow whereas the technology on which bitcoin is based would give any government a hard time of any manipulation which is the main reasons Bitcoin value may not be considered.
Firstly Bitcoin as a store of value would give the government the best stock value ever anticipated and digital currencies unlike paper currency can easily be transact and recorded without omissions safely. These alone reason should make government consider Bitcoin to grow in its value.
But either ways I would expect a question as this "why should blockchain technology be adopted in our government system?"
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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4p0l4k4y
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October 27, 2017, 12:53:48 AM |
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Because if the bitcoin users get rich the countries economy will do the same. More people can offered to purchase anything they want and more supplies will be produce. Government will have a sure profit.
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AmXProX
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October 27, 2017, 08:05:25 AM |
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Because if the bitcoin users get rich the countries economy will do the same. More people can offered to purchase anything they want and more supplies will be produce. Government will have a sure profit.
Government are not earning anything directly from bitcoin's market but businesses are beginning to be develop with a primary purpose of catering bitcoin's use. If these industry became successful government will earn from it even though bitcoin is decentralized. |
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serjent05
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October 27, 2017, 08:29:34 AM |
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Government allow bitcoin to grow because it does not scam anyone. It might be not compatible with the current finance system but government saw potential in it and the possible anti money laundering tool since its blockchain is transparent and cannot be tampered without the consent of thousands of nodes and majority of the miners. It is the perfect tool to track people transaction and see who really is cheating the sysem.
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Coin12
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October 27, 2017, 08:49:38 AM |
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If government allow bitcoin to grow without control, might be the reason because government want to change economy life of its citizens. As we know bitcoin have change a lot of people life the world in economy side.
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maulana rifai
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October 27, 2017, 09:07:14 AM |
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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.
in my opinion, because the benefits of bitcoin are great for the future so the government let bitcoin continue to grow in society, bitcoin also gives freedom to all people to join. |
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kpcian
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October 27, 2017, 09:48:52 AM |
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Since Bitcoin is getting accepted and credible whole around the world so that Government also should allow Bitcoin for the purpose of spreading out to the everywhere. But some sort of financial authority seems it like a scam but they don't even know that It has a potential and profitable platform. Most of the government rules have created against the anti-money laundering act so they think that Bitcoin will violate this law and people will start this business without own country's financial system.
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Allura74
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October 27, 2017, 09:56:31 AM |
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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
It is just simple. The government must allow bitcoin usage to continue to grow because obviouslu even small time people can gain benefit on it in a sense that they can earn an income through it which can sustain their daily life needs and can somewhat lessen the case of wide proverty which is present in the society because the money they can gain from bitcoin will be a thing to be a key on the turning point of their lives of having a prosperous life that can build s strong and productive nation. Yes that is right, many people is getting rich or grow their financial capability because of bitcoin therefore all these people brings money to their society out of bitcoin and it is understandable that more money circulation the better because it is an additive factors to grow one's economy., if OFW bring dollars from the country they have work, then bitcoiners brings dollars from crypto world. |
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paul00
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October 27, 2017, 11:23:54 AM |
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Governments should allow bitcoin to grow since it is bow one of the means of the citizen to earn money and provide more for themselves. It aids on unemployment and gives opportunity to people since bitcoin is offering various activities they can enjoy and earn with.
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radjie
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October 27, 2017, 11:42:53 AM |
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There are many reasons why fair government should allow bitcoin to grow whereas the technology on which bitcoin is based would give any government a hard time of any manipulation which is the main reasons Bitcoin value may not be considered.
Firstly Bitcoin as a store of value would give the government the best stock value ever anticipated and digital currencies unlike paper currency can easily be transact and recorded without omissions safely. These alone reason should make government consider Bitcoin to grow in its value.
But either ways I would expect a question as this "why should blockchain technology be adopted in our government system?"
Bitcoin is the latest innovation of real money that we often use. In addition to the internet network, the bitcoin support factor is a blockchain system that can manage large, decentralized digital bookkeeping. many countries can not formalize the bitcoin behind the support of the blockchain system, but this blockchain technology according to the government is a technology that must be developed even though blockchain is not the money that can be used by most countries. |
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Reez
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October 27, 2017, 12:54:30 PM |
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Governments aren't allowing Bitcoin to grow they are biting their nails watching on the sideline HOPING for something or someone to do something, but they never will because of the way Bitcoin's system is fundamentally designed. It's designed to allow good actors to flourish.
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Jake052478
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October 27, 2017, 01:15:07 PM |
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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 is also a puzzle to me. i really don't know the reason why they allow the growth of bitcoins in their countries though bitcoins still lack of legal basis. Besides, bitcoins is not yet included in the computation of the gross domestic product (gdp). then we cannot still measure the impact of bitcoins in the economy... Hopefully all will be solve in due time.... |
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cryptojac17
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October 27, 2017, 01:20:36 PM |
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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. Actually I don't heard any concrete explanation of the government if they will opposed the proliferation of BTC in their country maybe they just trying to figure out or they making policy to protect their citizen against scam for all we know BTC is decentralized in form there are lot of factor that they should look into. Hopefully thus country who’s stand is again the BTC will review their policy to become encouraging to BTC patrons. |
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Ziomuro27
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October 27, 2017, 01:27:11 PM |
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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.
Yes you're right, most of us who worked in different occupations are no longer to pay taxes which use by the government this will happen if those people will worked in bitcoin and no longer in their real job. On my opinion that in bitcoin you can get and invest money more than you expected while compare to the job that we have, you can only get a normal salary than Bitcoin. But of course it is more important to do our real job than Bitcoin I prefer that we just need to use bitcoin as a side job and not a real job but if it is on your own will to choose. |
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sana gull
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October 28, 2017, 12:48:44 PM |
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Because I think if the government makes regulations about bitcoin transactions and impose taxes in it, then the country will get a lot of revenue from there that can be used for the development of the country to be more advanced again.
Of course you are right about the fact of bitcoin and relation if bitcoin and country development because if a country allowed bitcoin and its countrymen started getting benefits from it then this country will grow more and also the value of bitcoin also grow up. |
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Trivelius
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October 28, 2017, 01:12:11 PM |
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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 grow because it presents and offers a unique opportunity for that cou try to advance and be in the tier of advanced countries as having bitcoin opens up a lot of groundwork in which investors can use anf people van jump on I think if a government allowed bitcoin then the economic shape or that country will get a lot of change I means that if bitcoin legal than the peoples of that country will make their life with their hands and also a lot of profit will started come to the economy world of that country I think this is the best idea for any country success. |
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Ucy
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October 28, 2017, 01:24:43 PM |
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Do you want to see "government" declare war on Bitcoin or something? Well, I think this is time for Crypto to take over. They ain't going to succeed.
I bet they are currently grouping, regrouping and scheming to destroy Bitcoin... Fortunately the whole thing is moving faster than they can figure something out.
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Allan Ramanda
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October 28, 2017, 01:56:33 PM |
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while bitcoin runs on track, the government will not interfere, let alone the government can get tax returns from this bitcoin. but if bitcoin has disturbed the currency in every country, I'm sure the government will follow up on this bitcoin development.
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Capradina
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October 28, 2017, 02:01:15 PM |
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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 the solution for the cheap transaction of cash to anywhere in the world without the aid of a third party. With this alone, it can justify that the government should let Bitcoin be and encourage its growth. However, since Bitcoin is decentralized and the government want to control just everything, the likes of the government is a total opposite of what Bitcoin is that's why we can see some countries that are opposing Bitcoin. Though some compromised and accept Bitcoin. This might affect government's income. Money transfer businesses are losing money from it which results to less government taxes being paid. Maybe the reason why government is somehow allowing bitcoin to grow is because it is not violating anything. And when bitcoin is successful they might formulate a new crypto currency that can be used around the wolrd. In fact it is not a problem or a place which became the source of the problem each country, because I was sure all countries want the innovation of good things for the better. The source of the problem which I believe to be a source of problems terhambatnya bitcoin is accepted by most countries is due to its extremely anonymous, which could be a major target in the follow pindak corruption or money laundering. |
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michellee
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October 28, 2017, 06:35:18 PM |
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if the government is studying bitcoin and they know that bitcoin can help their citizen to search new way to make money, then the government will allow bitcoin to continue grow and they will not said that bitcoin is illegal. they will giving a chance to their citizen to trying to use bitcoin and trying to earn money from bitcoin. I think this will be a good news for their people because they can fix their financial problem by trying to earn bitcoin from many source.
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