Goverments to go AGAINST Bitcoin

[natsuki.sugimoto]

Don't buy a fight you can't win. Governments can reduce liquidity by making it illegal, just like some drugs. But to be effective against it, it is currently a cost they don't get return. Japan on the other hand has a vision to create wealth and empowering like the bitcoin creators itself !

[GeorgeEden]

I think the government do not will against bitcoin, though they do not legalize bitcoin but they will not forbid people to use bitcoin. The government will only urge to always be careful to transact with bitcoin, because the government will not be responsible if something unexpected happens.

I think there are goverments alrdy that forbiden the use of bitcoin . Also morocco

[valentinen39]

Governments will not be able to shutdown bitcoins since there are so many people who already invest in this coins and it is not possible for them to remove this currency in this country because a lot of complain will come.

[michellee]

Governments will not be able to shutdown bitcoins since there are so many people who already invest in this coins and it is not possible for them to remove this currency in this country because a lot of complain will come.

although the government cannot be able to shutdown bitcoin, they can ban bitcoin so people can not use bitcoin anymore. but people will search a new way to still connected with bitcoin and this will like to be a drama on the tv. with the price now that almost reach $10,000 I wonder what the government will react about this and I hope that finally, the government will give their permission to people to still used bitcoin and the government will approve bitcoin for us.

[randyg29]

I think they gonna ban it when the taxes on the end of the year goes down. Maybe they gonna look at that issue and observe what is happening to the taxes. But it's quite simple that bitcoins popularity is really grow bigger than before.

[thenameisjay]

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

They'll definitely will. China already did this and made alot of noise in the bitcoin community. It halted China's mining community which in terms ended any bitcoin transaction there. Bitcoin supplies have ended in China and now their government is trying to regulate it with tax. Sad to be a miner there now.

[hujanderas]

the government may be heading to block Bitcoin given the loss of tax regulations, a threat to governmental negligence against the country. bitcoin can not be detected because decentralization and state laws and regulations can be affected.
Because every technology has its pros and cons, different countries may face the challenge of making it legal so they can deal with it.

[carlisle1]

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

Most likely yes! Government will not support bitcoin directly because it is against their centralization policy. Government wants to control every kind of money circulation in their country. However, bitcoin is against that idea of centralization. So this is against the government policy. Bitcoin circulation can't be controlled by any government which is again against their idea. So it is least likely a government will support bitcoin. Not every government is progressive like Japan.

Now that im thinking about that. What about drug lords? Its something against them. If like in 20-30 years Printed money are not existed. And everything is digital. Then i guess they wont be able to exchange drugs and money. The only they gonna do it its like ex change based on value. like 1kg cocaine for a car.(example)

its far from reality physical money wont be gone thats for sure even
how far bitcoin goes,and going back to what have you said that drugs exchanging
Its not about just the physical exchange that matter.because criminal element is
More updated than the glvernment element they have more resources so its not
Impossible for them to transact even without the presence of physical money.

And even if government do action against bitcoin.but as long as
Internet is present bitcoin or crypto will still go.

[primera]

In order for the government to go against Bitcoin they will have to ban the whole internet of the country. There are already countries who banned bitcoin other than china, so this is just a normal event on the cryptocurrency world. Also there are some countries already who trusted bitcoin and make it one of their currency, and one of them is Japan, so rest assured, bitcoin will still live and will keeping booming as always and will sooner lead to revolutionary period throughout the world industry. Other factors the government can use to go against BTC is to Ban mining, ICO, Ban exchanges
etc.

[ihsanskanzaone]

Some countries governments may go AGAINST Bitcoin considering the loss of taxation, threat to the governance loosing hold on the country.
May be criminal activities using bitcoins can not be detected due to decentralisation and a law and order of the countries can be affected.
Since every technology has pros and cons like that way different countries may face different challenges to make it legal so can go against it.

So if a goverment goes against bitcoin in a specific play and some1 uses it that means he might face the justice right?

the government against bitcoin I think it is too much for a country that has a democratic system of government in some countries that has banned bitcoin but only in communist countries alone because the communist state strictly regulates its nation's economy so many policies are killing people's economic creativity. It is true there is news that bitcoin is used for crime, but we can see also that many people benefit from bitcoin so that all this technological advancement depends on the user not the technology.

[alphaomega.f]

maybe not. Bitcoin is money and i don't think they will go against money. It will actually a big help to actually earn and add it to national fund to support projects. I think they'd be more of involved, than resist.

[huynotientao]

Government can not fight bitcoin. They can only rule out the purpose of controlling it. But bitcoin is very difficult to control. If the government does not do this. The power is not in their hands

[KingOfWinterfell01]

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

I believe the government cannot hold bitcoins because it will defeat it basic purpose and best feature of them all, its decentralization. Plus, the government csnnot fully hold bitcoins because it's too great too handle. Many of the crypto investors might actually switch to alt coins if this happens.

[Andalusy]

I think the government is against bitcoin because they are having trouble collecting income taxes earned from bitcoin players. so they try to get taxes from the bitcoiners or it becomes illegal. if only there was an input tax from bitcoin income then most likely the government will protect the existence of bitcoin.

[dhka]

Government against bitcoin and bitcoin against government? It looks like you are overstating it

Most countries doesnt support it because they dont really know the way bitcoin works and the most important thing is they cant control it

[charlotte04]

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

Either the government will be against it or not, there will be no stopping cryptocurrencies to be adopted of many people around the globe. The only thingt that could stop is only ourselves.

[Yamifoud]

I believe that bitcoin doesn't give any troubles to the government, only a chances that this coin could be used for any criminal activities without any traces of information's left because of anonymous identity. Though this thing will be possible to happen, but maybe it is important also that the government will recognized this as it helps their people to improve their living. Not only by blaming this as a cause of economic loss and increase criminal activities.

[Wingo]

Yes. Bitcoin is widely used in black markets that sells drugs and other illegal products. Bitcoin can also be a threat to the economy if a large volume of bitcoin is inside the country and the price fluctuates to a lower price or it may kill the currency of a country

[Blueblade]

The government is likely to oppose bit coin.Bit coin can easily be sent easily without anyone knowing the highest amount.But the identity of the sender and the identity of the receiver is hidden.This can easily cover the amount of black money. Can be used for illegal acts.Bit coin value is very high, so if the bit coin comes into use it will decrease the value of many countries.

[Nancy Lisa]

if Bitcoin has negative impact on government then definitely Government go against Bitcoin