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Author Topic: Goverments to go AGAINST Bitcoin  (Read 3160 times)
DoublerHunter
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November 26, 2017, 04:45:33 AM
 #81

Is there any chance goverments to go against bitcoin if they see its something against them??
It was possible that government will go againsts bitcoin well if they see that it will not benefits its people and its country. Government only wants to protect its people and country. So i think its only natural if they go againsts it. But it will be better if they study and have more knowledge about Bitcoin and its functions , benefits and etc.
Most of the governments right now are against bitcoin because they just think that bitcoin is a threat for them since bitcoin is decentralized and anonymous which can triggers the criminals to do more illegal transactions because they will think that they are not traceable which is true because of the feature of bitcoin and that is the reason why governments are still skeptical for making bitcoin as an official digital currency.
Anniee123
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November 26, 2017, 06:37:26 AM
 #82

This emerging thing, generally the government's control on it with certain, and the currency has the function of money laundering, so a lot of government fears that it will become a crime tool, against the currency is also normal.

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GeorgeEden (OP)
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November 26, 2017, 07:32:21 AM
 #83

Is there any chance goverments to go against bitcoin if they see its something against them??
Some Government don't know about bitcoin so they are against of bitcoin but usa support bitcoin.

Well if there are goverments who dont know about bitcoin it would be the poor ones i doubt countrys in europe wont know about it.

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Punisherx100
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November 26, 2017, 08:07:51 AM
 #84

Is there any chance goverments to go against bitcoin if they see its something against them??

Yes, Obviously, Especially if it is personal that it will affect their credibility. If you do things against the the government or the law itself, there is no excuses to punish you. In addition bitcoin is not legalize. It means that they have no tax pay from it. Ig bitcoin will be legalize many users and investors will affect by it.

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November 26, 2017, 08:09:04 AM
 #85

Some countries in the world like the Philippines now plans to regulate (or already regulated) Bitcoin because of the growth it showed this year and some of the countries like Japan takes a step forward to support it. I think it depends on the country you are living in if the government will go against it or not.
Ru chin Salcedo
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November 26, 2017, 08:09:57 AM
 #86

They are against of bitcoin because definetly they loose their control over monetary transfer and so as the taxes for third party..
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November 26, 2017, 08:15:50 AM
 #87

Probably due to the transactions could not be regularly being monitored there is a chance bitcoin might be regulated or permanently being banned from being used specially with the increasing number of crimes around the internet.
Pleione527
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November 26, 2017, 08:17:09 AM
 #88

Yes this is possible and already happening some governments found illegal transactions involving bitcoin these happenings will trigger many countries to go over bitcoin banned but I hope the issue can be settle soon I am still waiting for the day government can finally declare legality of bitcoin and accepts it as a legal tender. We'll see what's gonna happen in the coming years
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November 26, 2017, 09:28:22 AM
 #89

Does the government fight bitcoins or does it prohibit bitcoins from operating in the territory?
In my opinion, bitcoin does not affect the government, it is only difficult to control with bitcoin income, bitcoin to help the economy of the country stronger.
Bitcoins are very difficult to control in terms of income and taxes are up there in so many countries banned bitcoins Cool Cool Cool

the governments want to control bitcoin so they can move the price up and down and they can do whatever they want with bitcoin. but the government realize that it is hard to control since bitcoin is not centralized and only bitcoin user that capable to control their bitcoin. and if they want to control bitcoin then they will need to control every server that connecting with blockchain. bitcoin here to help the financial freedom of every people and people can make bitcoin as their new source of income.

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Lykslyks
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November 26, 2017, 10:25:22 AM
 #90

I think the government will not against bitcoin
even, there is the possibility of the government to support it, because if they resist, they have a narrow mindset

Bitcoin change people economy while government can't

But there are countries already that go against it because it's hard to them to regulate it and they think that bitcoin wouldn't be a help to their country's economy since there are people who choose to invest in it and not to those businesses that pays tax.
erickkyut
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November 26, 2017, 11:18:14 AM
 #91

Is there any chance goverments to go against bitcoin if they see its something against them??

Actually, some government is against Bitcoin. They are against it because they cannot earn from it. As we all know, Bitcoin is decentralized. Therefore, it cannot be taxed by the government. Aside from that, it has strong anonymity so it is sometimes being use for illegal activities and terrorism. I just hope that someday, the countries that are against Bitcoin will eventually see its importance.
birra guzez
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November 26, 2017, 11:23:04 AM
 #92

Governments haven't anything to cry about when talking about bitcoin at the moment except that criminals use it to lay low and the radars and it may had made an easier way for corruption funding and "under the table" deals . Yet if there's anything that might push governments to go against bitcoin is making it taxable so they can get their share from it yet this is a very difficult task since tracking bitcoin holders is technically impossible because bitcoin's concept was clearly set up to be incompatible with any government .
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November 26, 2017, 11:25:22 AM
 #93

u know if government against bitcoin ...its very hard to us..to earn money without tax..many government very strick about tax..i hope my government understand  us bitcoin
Bonakid
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November 26, 2017, 11:35:22 AM
 #94

Not all government are againts bitcoin because it was supported by our country but they cannot imposed tax on it because it was a digital country and no authority to put rules or law by it.It is a virtual currency that can only control by us and no third party will allow to control our transactions.
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November 26, 2017, 12:03:48 PM
 #95

Earlies bitcoins scope was limited to developed economies. Along with its price its popularity started increasing. Now Bitcoin is becoming more and more popular a in developing countries. Many bitcoin exchanges started their operations in developing countries as well as in African countries. Due to bitcoins decentralised and autonomous nature it is difficult to trace the bitcoin user. Due to this function illegal activists started using bitcoin as a medium of exchange. So governments like China,Japan, Indonesia, Australia have decided to ban and regulate bitcoin in their region. They will allow bitcoins functioning only after some regulations.

 
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November 26, 2017, 12:13:17 PM
 #96

Is there any chance goverments to go against bitcoin if they see its something against them??
At first when bitcoin was released, when it was only used by a couple of people bitcoin did not prove to be a problem for goverments so thye ddin't pay attention to it, a few years later it started gaining more popularity and had its price going up, they just ignored it because econnemist thought that it is just a buble and soon it will drop down, but now with so many people using it and earning thaousands of dollars from its rise, they are faced with tow options either they accept it as a payment method or ban it and piss of a lot of people, either way they are unable to controll it or prevent the users from trading with it because bitcoin is uncontrolled by any one and it provieds complete discreat for the ones who use it, so the point is it does not matter wether goverments ban it or not people are still going to use it, accepting it will make it more popular, and banning it will not affect its users very much.
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November 26, 2017, 12:14:09 PM
 #97

Since China banned ICO's and closed down some of its crypto currency exchanges, the question of "Ultimate Ban of Bitcoin" is there in the mind of most of the crypto investors. Can governments or international government organizations implement their own centralized crypto currencies and ban the mining or ownership of open decentralized ones like Bitcoin and Litecoin? Answer to this question is crystal clear and straight forward. Yes, they can. But the unanswered part of the question is, how effectively they can destroy Bitcoin.
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November 26, 2017, 12:16:15 PM
 #98

We all know that gorvernments and the banks are linked to each other. So if bitcoin rises up and rule over the banks, government will surely take control and make a move to go against bitcoin.
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November 26, 2017, 12:32:53 PM
 #99

I think government not to go against bitcoin.Because government rules and regulation depands on banking sector.If government will decided tax and revenue are increases then government has taken new rules for bitcoin.
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November 26, 2017, 12:39:49 PM
 #100

Is there any chance goverments to go against bitcoin if they see its something against them??

China has already banned cryptocoin trading and the cryptos market only grew after that. So there is not a goverment large enough to stop crypto's.

Cryptocoins will always have places to take hold and grow even if let's say EU, USA, Russia and already China banned crypto's.

There will always be places in the World who value FREEDOM and FREE MARKETS.

Those entities holding the most power right now, EU, USA, Russia will eventually ban all crypto's and try to destroy them throum QUANTUM COMPUTING.

Thank God for QRL as that day is approacing sooner than you think.

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