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Author Topic: Bitcoin and Government.  (Read 2060 times)
queennathalia
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November 04, 2017, 08:27:24 AM
 #1

Is it good combination about bitcoin and our current government? lets talk about this things if these two option was combined in the future, Our government used bitcoin and spread to every people in there countries. For me it is good. why?

Because:
1. Is good for all businessman for good transactions. Buy something and sell something.
2. Is good for payments needs to pay like billings every month.
3. For less time and moved for travelling on anywhere we want.
4. Its easy to transfer money from other country with less taxes. this favor is aprove for ofw's
5. Easy to transfer money if they needed immediately like emergencies. pay for medicine.

Theres a lot of good reason.
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November 04, 2017, 09:00:42 AM
 #2

that's your opinion! if Bitcoin is accepted in a country and the government agrees to use payments through Bitcoin, what about the conventional money used every day? this indirectly will make the infrastructure of a country no progress forward
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November 04, 2017, 09:11:40 AM
 #3

Very important issue for at this moment I seen ever.Really your opinion is so much pretty but all countries government not try to understand Bitcoin important this is big problem.Even some governments announced Bitcoin is illegal.

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November 04, 2017, 09:15:37 AM
 #4

Is it good combination about bitcoin and our current government? lets talk about this things if these two option was combined in the future, Our government used bitcoin and spread to every people in there countries. For me it is good. why?

Because:
1. Is good for all businessman for good transactions. Buy something and sell something.
2. Is good for payments needs to pay like billings every month.
3. For less time and moved for travelling on anywhere we want.
4. Its easy to transfer money from other country with less taxes. this favor is aprove for ofw's
5. Easy to transfer money if they needed immediately like emergencies. pay for medicine.

Theres a lot of good reason.

Its good for you but may not be good for your government. The list you put up is all the benefits from having bitcoin used by people. But government thinks otherwise. Then think that bitcoin is a scam, for Ponzi scheme and used for illegal activities. So as much as we really want bitcoin to be accepted by a lot of countries, there are some government thinks otherwise. That's why they have put a total ban on crypto's. And you know what who suffers? its their citizens. So you can't do anything about it except go underground or move to a country which bitcoin or cryptocurrencies are accepted like Japan.

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November 04, 2017, 09:20:51 AM
 #5

In which countries using btc as currency is legalised

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November 04, 2017, 09:25:29 AM
 #6

This kind of thinking is flawed. Because you begin with the premise that governments are benevolent and good which are not. Plus, when government adopt cryptocurrency like bitcoin. It is decline to its countries own currency there lowering the trust and demand for it, and they eventually lose power.

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November 04, 2017, 09:32:23 AM
 #7

Bitcoin will continue to gain momentum but the high transaction fees and the necessity for middle-men to guarantee deposits before they are completed, drive up the cost of Bitcoin long term. This works against Bitcoin's mass market adaption, beyond the measure of it being a good investment opportunity. Other coins have lower fees and faster transaction times without the need for a third party to secure transaction amount before it is finalised.
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November 04, 2017, 09:34:48 AM
 #8

Why is any government important for BTC? They do nothink for BTC community, they hate any decentralization - no power for control, they wanna taxes because I am BTC user/trader/investor, they wanna regulations....I think the whole idea about BTC is based on f*ck governments and banks Cool
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November 04, 2017, 09:37:37 AM
 #9

If the government your talking about is not corrupt and self centered individuals then this would work.. But knowing how government officials only thinks for profit of they’re own and not for the country then this just a waste of time for us on hoping that big positive result. I always give the government of each country a chance to prove we’re wrong.
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November 04, 2017, 09:48:24 AM
 #10

Is it good combination about bitcoin and our current government? lets talk about this things if these two option was combined in the future, Our government used bitcoin and spread to every people in there countries. For me it is good. why?

Because:
1. Is good for all businessman for good transactions. Buy something and sell something.
2. Is good for payments needs to pay like billings every month.
3. For less time and moved for travelling on anywhere we want.
4. Its easy to transfer money from other country with less taxes. this favor is aprove for ofw's
5. Easy to transfer money if they needed immediately like emergencies. pay for medicine.

Theres a lot of good reason.

Bitcoin have its own advantage and disadvantage at all aspects and when you use it on a daily basis for buying necessities I think it is not worth a try especially when buying local foods and beverages because you will need to wait for a transaction time to go through and a fees to pay with. Bitcoin is indeed convenient to use when transacting online as it is design for that purpose by doing a faster and cheaper transaction.

Fiat money has still a large role in the world and not all ages can easily use Bitcoin to all kind of things in our modern world especially those elders that can barely understand the usage of it.

queennathalia
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November 04, 2017, 09:55:52 AM
 #11

that's your opinion! if Bitcoin is accepted in a country and the government agrees to use payments through Bitcoin, what about the conventional money used every day? this indirectly will make the infrastructure of a country no progress forward
I just give good opinion to everyone, if it is only read by a president or sits on the government they are certain to blush. Our opinion is the beauty of our country by using bitcoin. are you disagree? for me bitcoin is for our future money and daily needs.
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November 04, 2017, 09:59:00 AM
 #12

good predictions, I agree with you. but at the moment I still see that between bitcoin and government like oil and water are unlikely to unite, and it is impossible to complement.
of course if in the future there will be a combination of bitcoin and government, will be a lot of benefits and even more than what you write. until now we are still waiting for regulation from the government of every country so that bitcoin is legalized all over the world.

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November 04, 2017, 09:59:22 AM
 #13

For me the idea of bitcoin is really good because it gives a lot of opportunity for income and investment but seeing it with governments I think some issues needs to be consider, there's a lot of corrupt officials we all know that and I'm afraid they use bitcoin to keep the money the got from laundering. I'm afraid that if governments will have the power over bitcoin or even control over it they might use it for personal gains which will not help for the economic growth

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November 04, 2017, 10:01:50 AM
 #14

Is it good combination about bitcoin and our current government? lets talk about this things if these two option was combined in the future, Our government used bitcoin and spread to every people in there countries. For me it is good. why?

Because:
1. Is good for all businessman for good transactions. Buy something and sell something.
2. Is good for payments needs to pay like billings every month.
3. For less time and moved for travelling on anywhere we want.
4. Its easy to transfer money from other country with less taxes. this favor is aprove for ofw's
5. Easy to transfer money if they needed immediately like emergencies. pay for medicine.

Theres a lot of good reason.

For some reasons you are correct but what about the people with less knowledge on how to use bitcoin? Yes it is very easy to transact through bitcoin wallet but this wallet cannot be used in some other countries market. Another thing is the government will take taxes in our bitcoin, i mean large amount of taxes will be taken from us.

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November 04, 2017, 10:01:59 AM
 #15

Bitcoin is very good for fast transactions but government has to watch the transaction details.some gambling is possible in bitcoin trading.government have to involve and support the bitcoin.bitcoin transactions fees also low than banks so it is very usefull.
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November 04, 2017, 10:05:18 AM
 #16

Is it good combination about bitcoin and our current government? lets talk about this things if these two option was combined in the future, Our government used bitcoin and spread to every people in there countries. For me it is good. why?

Because:
1. Is good for all businessman for good transactions. Buy something and sell something.
2. Is good for payments needs to pay like billings every month.
3. For less time and moved for travelling on anywhere we want.
4. Its easy to transfer money from other country with less taxes. this favor is aprove for ofw's
5. Easy to transfer money if they needed immediately like emergencies. pay for medicine.

Theres a lot of good reason.
Here everything is right  and also we are getting much amount of profit from the bitcoin but in actual reality what we are getting  in way of response , Because I seen that we are working in the bitcoin field from long time and the government of the country is not going to legalise and also not going to ban ( not trying to give clear action ) , so here a skeptical condition sometimes arise that how to handle to the problem .
Here government want tax to use the bitcoin but still don't want to legalise ( condition is not only in my country but is in many countries ) , so here we can say the relationship is not much better between the government to the bitcoin and bitcoin users .


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November 04, 2017, 10:11:04 AM
 #17

For me the idea of bitcoin is really good because it gives a lot of opportunity for income and investment but seeing it with governments I think some issues needs to be consider, there's a lot of corrupt officials we all know that and I'm afraid they use bitcoin to keep the money the got from laundering. I'm afraid that if governments will have the power over bitcoin or even control over it they might use it for personal gains which will not help for the economic growth
Agreed
tax evasion, money laundering, illegal activities, that's what makes government frightened. In my opinion, even the government has a lot of control in bitcoin, they cant control it, bitcoin is a decentralized open source project anyone can contribute to it, but not controlling it. the only way government deal with cryptocurrencies is to make their own version, but I bet it will be centralized and taxed.



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November 04, 2017, 10:18:30 AM
 #18

some goverments cant control about tax, but your opinion is good. imagine we can do anything when bitcoin accepted for all country in the world..

                           
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November 04, 2017, 10:32:26 AM
 #19

I believe that is beautiful, but not applicable at short/middle time! The BTC is so young, that is it need more time to mature the coin and the technology. And a government, is against technology so new!


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November 04, 2017, 10:33:35 AM
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as I know, most governments see bitcoin as a threat to their economy. the list you mentioned is a very good benefit, but not for the government. Even if the government wants to use cryptocurrency technology, I think they would prefer to create their own cryptocurrency instead of using bitcoin. One thing they can benefit from bitcoin, I think by taxing it, as it is today.
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