Bitcoin and Government.

[zais]

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.

in terms of digital money whose name is bitcoin in my country there is no government interference, whether in the future what the government will take over the bitcoin is not understood. but I do not expect that to happen, because bitcoin with its own rules is enough

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[bob123]

I agree with your overall thought. The current system needs a reformation. A crypto currency itself is a good way to handle most issues.
But with bitcoin being decentralized i don't think bitcoin will be fully "accepted" by governments in the future.
Plus the fact that bitcoin can't be regulated by the government makes it very unlikely for btc to get adopted completely.

2. Is good for payments needs to pay like billings every month.

There are better concepts to implement such a method. I would prefere ethereum over bitcoin network in this case.

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.

Thats true, but nothing a centralized, non-pseudonymous,  system could not reproduce.

[queennathalia]

if all the government is representing the bitcoin people can understand it more easily. there are many ways to make it easier for people to know and to publish well. such as television, facebook etc. so in our day there is no reason for them not to know the bitcoin value.

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[kryptqnick]

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's aim from the very beginning was to split from government and not be controlled by a bunch of people. Fortunately, even if some laws appear to make btc regulated (say, tax laws) it will not really influence the decentralization. Marketcap is too big to be controlled by any government, even the richest one. There are other projects like XRP or Blackmoon which seek a way for btc to be fully legal and perhaps partially controlled by banks. Bitcoin is incompatible with government.

[mingxiao]

Bitcoin has many benefits, but not all countries support bitcoin. Some countries even consider bitcoin illegal. And if bitcoin is used by the country to pay for it, what is the original currency of the country?

[Lykslyks]

I think accepting bitcoin as a payment in countries is enough. If ever the government use bitcoin in terms of all the said transactions, I'm sure that they will put big fee's and tax to bitcoin. However, the government won't make this happen cause it will clearly affect the economic growth of their country. Besides, there are people who doesn't even know that bitcoins exist so it will be hard for them to understand how it can be used. Aside from that bitcoin has nothing to do with the government, it is enough that they don't stop people from using it in their country.

[keycellko]

It is good if it exists. Now, some government are making ways to not allow bitcoin in their country for one reason: decentralization. Decentralization denies the government control. For this, we can't blame these countries for banning bitcoin.

[queennathalia]

It is good if it exists. Now, some government are making ways to not allow bitcoin in their country for one reason: decentralization. Decentralization denies the government control. For this, we can't blame these countries for banning bitcoin.

Maybe they're looking for ways to keep their country out of place. they are looking for reasons or find them wrong to not understand the bitcoin in their area. I think it's a big mistake, why not find it better to use bitcoin right on them places. government is wrong because of that.

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[Pleione527]

Governments has a lot of issues with bitcoin and other crypto currencies and even today only few welcome bitcoin in their economy though this was accepted globally and people can use it in different transactions still the issue of legality is not yet resolve by most government they think bitcoin is a scam that sooner will burst others think since its uncontrollable it may tolerate illegal activities. I guess it will need more time for government to finally accept bitcoin

[bitcoinvestor]

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.

Good for bitcoin users but not good for banks and government. Many government and banks are united in creating financial policy. Bitcoin as remittance service will take some portions of banks works. Banks charge good fee for international remittance. If all businsessman use bitcoin where the income from remitance service? it is taken away by bitcoin. Other things that bitcoin holders will tend to safe theit asset in bitcoin wallet. If a half of banks customers use bitcoin wallet and draw the money from banks, what happende to banks, The government will bail out and it need high liquidity. The best thing is that banks, government, and bitcoin developers work together to create the best rules,

[queennathalia]

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.

You're right. They are considered to be illegal right away, the government does not even have to know the bitcoin and its good effect on people. They do not seek ways to improve people, the many ways and reasons for using bitcoin correctly. If I had the chance to explain to them the bitcoin and the goodness of the society I would do. So far, it's probably a good idea about bitcoin.

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[adzino]

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.

I wouldn't say it's a good combination with our current government. Fiat can not be replaced with bitcoin, at least for now. If the government starts to acknowledge bitcoin, they will have to start regulating it, or will at least try to take control over it. Without regulation and control they won't be able to tax the citizens.

[jekjekman]

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.

What you are proposing is for the government to give away something evenly to every one. Have you tried considering if how would rich people react about it. They spend their life to get the fortune that they currently have and in an instant everyone will be equally worth? What government can do is have the coin somehow regulated.

The suggestion that you have is applicable if ever there will be a holocaust and existing wealth is lost.

[mangkucrypto]

i think bitcoin is perfect for every one which want to use bitcoin and they can trying to make money from bitcoin. if there is many government is accepting bitcoin then i am sure that their citizen can start to earn money from bitcoin and their citizen can solve the poverty in their city. i think it will be great if their people can trying to search additional way to make money beside their main jobs so in the end, they can start to make their life better.

[Vaculin]

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.

You're right. They are considered to be illegal right away, the government does not even have to know the bitcoin and its good effect on people. They do not seek ways to improve people, the many ways and reasons for using bitcoin correctly. If I had the chance to explain to them the bitcoin and the goodness of the society I would do. So far, it's probably a good idea about bitcoin.

I agree with you.Although it's quite impossible nowadays to make it happen,but i really love your ideas.If bitcoin would be given a chance to be known deeply by our government,understanding all its potentials and the benefits people can get from it,then there would be a big possibility that bitcoin would be accepted and implemented by the government.I am really looking forward for that day to make it happen.

[akmittal]

In India there is a big scope on topic *Bitcoin and Government* because there is no law about it. But in future government may allow bitcoin in common transactions due to the following reasons :
- Saving on printing of present currency.
- Control on fake currency.
- Enhced tax collection, as all transactions are traceable.

[Bessta]

If government intervention would stop tax evasion,  money laundering and all other illegal activities concerning bitcoin industry and the economy as a whole,  I interpose no objection about regulating the bitcoin If it would guarantee both the protection of users and the government.  Regulation should benefit both.

[killerfrost]

If Bitcoin is approved in a country then its users will be greatly benefited. However, in contrast to your country it is very difficult to control it, can not be taxed, can not handle illegal missions, distorted evils, corrupt activities. It will make your country become confused

[13abyknight]

Governments around the world have their own stance on Bitcoin. While most of the nations support the blockchain technology that Bitcoin is based on, some of them have declared outright opposition against the cryptocurrency. Honestly though, when governments see the applications of a currency like Bitcoin which is completely digitised without any flaws, most of them would work towards implementing such a system unless we're talking about China.

[mobnepal]

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.

1. But those business owner can easily hide what they are earning through business and can pay low tax to government.
2. When you will pay bills every month through bitcoin, other third party payment provider (tied up with bank) can't charge fees.
3. You can than easily move money in and out of the country, banks will not get any Foreign exchange fees.
4. Less taxes, you can send bitcoin out of the country without paying any taxes and getting noticed.
5. There are banks which offer mobile payment and online services for quite huge yearly/monthly charge , how they gonna earn if you will use bitcoin.

Government + banks is the one who rules the country and print as much money as they like every year. They are just afraid of bitcoin taking over whole financial system so they are just trying to ban bitcoin.