Bitcoin Forum
November 13, 2018, 07:02:16 PM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Pages: « 1 [2] 3 4 5 6 7 8 »  All
  Print  
Author Topic: Legalizing Bitcoin  (Read 1512 times)
kimmanuel
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
November 27, 2017, 07:30:07 PM
 #21

I do not want ... I do not need the government of my country to legalize bitcoin, (that would be too good). I just do not want to be banned from using it.
And the ban on bitcoin as far as I know, no country has done that yet.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1542135736
Hero Member
*
Offline Offline

Posts: 1542135736

View Profile Personal Message (Offline)

Ignore
1542135736
Reply with quote  #2

1542135736
Report to moderator
1542135736
Hero Member
*
Offline Offline

Posts: 1542135736

View Profile Personal Message (Offline)

Ignore
1542135736
Reply with quote  #2

1542135736
Report to moderator
1542135736
Hero Member
*
Offline Offline

Posts: 1542135736

View Profile Personal Message (Offline)

Ignore
1542135736
Reply with quote  #2

1542135736
Report to moderator
jseverson
Hero Member
*****
Offline Offline

Activity: 784
Merit: 645


View Profile
November 28, 2017, 01:58:46 AM
 #22

I do not want ... I do not need the government of my country to legalize bitcoin, (that would be too good). I just do not want to be banned from using it.
And the ban on bitcoin as far as I know, no country has done that yet.


It will be illegal in Vietnam starting on January. There are a couple more countries that have already declared it illegal.

As things currently are, governments have no need to control Bitcoin. They only need to control the fiat being used to trade it, and they can do that effectively by monitoring and regulating businesses which accept Bitcoin and exchanges. They even get extra revenue this way. Countries that have banned or are pushing for a ban probably just don't want to go through the trouble of studying it, or can spare no resources for its regulation.

semarmesem195
Member
**
Offline Offline

Activity: 294
Merit: 10


View Profile
November 28, 2017, 02:41:43 AM
 #23

Do you think governments are afraid legalizing bitcoin because it's difficult regulating its use, circulation, determining individual's worth, earnings and may lead to tax evasion?

That's right, the government is afraid and does not legalize bitcoin because of what you say. When it comes to taxes and state revenues, the government is afraid that if people prefer bitcoin for saving from banks, the bank itself provides the largest tax to the state, if it happens then it can make the state income from taxes impaired if people choose bitcoin.

TRADE, EARN & OWN THE EXCHANGE           M o o n X           [    ●    JOIN ICO   -   S O O N    ●    ]
──────────     WHITEPAPER     FACEBOOK     TWITTER     LINKEDIN     TELEGRAM     CRUNCHBASE     ──────────
►   No Trading or ICO Listing Fees      ►   Superior to Nasdaq & LSE       ►   US$ 29M Raised in 2 Weeks!
denny27
Full Member
***
Offline Offline

Activity: 434
Merit: 101


View Profile
November 28, 2017, 05:12:33 AM
 #24

I think it depends on each governments of each countries, the each governments certainly has differences of opinion / thought and action to overcome it. For the more advanced countries, I think it wouldn't be a problem.. the goverment wouldn't find it difficult to regulating it all, it will be neatly arranged.
coin_1122
Full Member
***
Offline Offline

Activity: 518
Merit: 101


WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN


View Profile
November 28, 2017, 05:18:55 AM
 #25

I think it depends on each governments of each countries, the each governments certainly has differences of opinion / thought and action to overcome it. For the more advanced countries, I think it wouldn't be a problem.. the goverment wouldn't find it difficult to regulating it all, it will be neatly arranged.

Yes, each government will have different policies because if they choose wrong means it will effect on their economic growth. That's why government are not taking steps fastly inorder to legalize the Bitcoin. Slowly many countries are willing to accept Bitcoin as a legal tenure.

           ﹏﹏﹋﹌﹌ WPP ENERGY ﹌﹌﹋﹏﹏
☆═══━┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈━═══☆
≈ WORLD POWER PRODUCTION ≈


【 BACKED ASSET GREEN ENERGY TOKEN 】
☆═━┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈━═☆
gwapagwapa
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile
November 28, 2017, 06:02:04 AM
 #26

Bitcoin could 'easily' reach $40,000 by the end of 2018, hedge fund legend Novogratz says
"Bitcoin could be at $40,000 at the end of 2018. It easily could," Michael Novogratz says on CNBC's "Fast Money."
"Ethereum, which I think just touched $500 or is getting close, could be triple where it is as well," adds Novogratz, formerly a macro hedge fund manager at Fortress Investment Group.
But Novogratz doesn't recommend retail investors put any more than 1 to 3 percent of their net worth in cryptocurrencies, or wealthier investors to put more than 5 to 10 percent.
Prinox2
Member
**
Offline Offline

Activity: 182
Merit: 10


View Profile
November 28, 2017, 06:48:54 AM
 #27

Do you think governments are afraid legalizing bitcoin because it's difficult regulating its use, circulation, determining individual's worth, earnings and may lead to tax evasion?
that's the point, but they virtually don't want recognize the fact there are more advantages than their fear
Lampaster
Sr. Member
****
Offline Offline

Activity: 406
Merit: 255


View Profile
November 28, 2017, 12:03:12 PM
 #28

Bitcoin could 'easily' reach $40,000 by the end of 2018, hedge fund legend Novogratz says
"Bitcoin could be at $40,000 at the end of 2018. It easily could," Michael Novogratz says on CNBC's "Fast Money."
"Ethereum, which I think just touched $500 or is getting close, could be triple where it is as well," adds Novogratz, formerly a macro hedge fund manager at Fortress Investment Group.
But Novogratz doesn't recommend retail investors put any more than 1 to 3 percent of their net worth in cryptocurrencies, or wealthier investors to put more than 5 to 10 percent.
Strange statement. Do you agree? If he says that the price of bitcoin in late 2018 could reach $ 40,000 it seems to me that it is reasonable to put maximum of their savings in bitcoin to get a good profit. If he recommended to invest 1-3 percent it means he is not confident in their forecasts.
DronICO
Member
**
Offline Offline

Activity: 88
Merit: 10


View Profile
November 28, 2017, 12:14:44 PM
 #29

Bitcoin could 'easily' reach $40,000 by the end of 2018, hedge fund legend Novogratz says
"Bitcoin could be at $40,000 at the end of 2018. It easily could," Michael Novogratz says on CNBC's "Fast Money."
"Ethereum, which I think just touched $500 or is getting close, could be triple where it is as well," adds Novogratz, formerly a macro hedge fund manager at Fortress Investment Group.
But Novogratz doesn't recommend retail investors put any more than 1 to 3 percent of their net worth in cryptocurrencies, or wealthier investors to put more than 5 to 10 percent.
Strange statement. Do you agree? If he says that the price of bitcoin in late 2018 could reach $ 40,000 it seems to me that it is reasonable to put maximum of their savings in bitcoin to get a good profit. If he recommended to invest 1-3 percent it means he is not confident in their forecasts.
Diversification is a key of investments. Hedge funds ain't a casino and it's not like all or nothing game.
sindikat
Full Member
***
Offline Offline

Activity: 336
Merit: 106


View Profile
November 28, 2017, 01:05:07 PM
 #30

Bitcoin could 'easily' reach $40,000 by the end of 2018, hedge fund legend Novogratz says
"Bitcoin could be at $40,000 at the end of 2018. It easily could," Michael Novogratz says on CNBC's "Fast Money."
"Ethereum, which I think just touched $500 or is getting close, could be triple where it is as well," adds Novogratz, formerly a macro hedge fund manager at Fortress Investment Group.
But Novogratz doesn't recommend retail investors put any more than 1 to 3 percent of their net worth in cryptocurrencies, or wealthier investors to put more than 5 to 10 percent.
Strange statement. Do you agree? If he says that the price of bitcoin in late 2018 could reach $ 40,000 it seems to me that it is reasonable to put maximum of their savings in bitcoin to get a good profit. If he recommended to invest 1-3 percent it means he is not confident in their forecasts.
Diversification is a key of investments. Hedge funds ain't a casino and it's not like all or nothing game.
What you see is diversification? 1-3% of investment in bitcoin. Where are the others? In the Bank at 5-7% per year. Lol. This is not diversification. Is the loss of his chance. I understand that bitcoin cannot rise in price eternally. We are lucky that we live in a time when bitcoin was first born and developed. Then it will not lose its relevance but it will be more stable.
ralf2018
Newbie
*
Offline Offline

Activity: 35
Merit: 0


View Profile
November 29, 2017, 05:02:33 AM
 #31

The governments can use the central banks to issue or destroy fiat money out of thin air whenever they want. They have complete control over fiat money. But, this control is lost when non-government bodies create their own currencies which then brings great concern to the government.So this lack of central body is the main reason the governments are afraid of Bitcoin.
Coffee135
Full Member
***
Offline Offline

Activity: 378
Merit: 137



View Profile
November 29, 2017, 09:12:05 PM
 #32

Bitcoin can not use it in the state's economy. The duty of the government to regulate the economy and time to support a promising sector to the economy was on the rise. How is it possible to do with bitcoin? Loans also not really taking bitcoin. If you legalize bitcoin then it will start to withdraw money from the economy. Governments are afraid of this and will never legalise bitcoin.

Cherylstar86
Sr. Member
****
Offline Offline

Activity: 672
Merit: 250


Semi-Decentralized Exchange


View Profile
November 29, 2017, 10:01:30 PM
 #33

Bitcoin can not use it in the state's economy. The duty of the government to regulate the economy and time to support a promising sector to the economy was on the rise. How is it possible to do with bitcoin? Loans also not really taking bitcoin. If you legalize bitcoin then it will start to withdraw money from the economy. Governments are afraid of this and will never legalise bitcoin.

As for me bitcoin should not be merged with the current economic system, because it has its own independent body that cannot be controlled by the government due to decentralized type of currency. I think the economy will be much more affected with bitcoin's volatility, and maybe that's the reason why governments are afraid of legalizing bitcoin. For now bitcoin is just a form of asset like a property and could not turn as currency for daily spending like fiat cash.


                           ▄▄█▌
                       ▄▄██▀▀█▌
                    ▄██▀▀    █▌
 ▄              ▄▄██▀    ▄▀  █▌
▐███▄▄         ▐█▀     ▄█    █▌
▐█▌ ▀▀██▄      █▌      █ ▄▀  █▌
▐█▌    ▀▀██▄▄  █▌    ▄█▀▀    █▌
▐█▌   ▄    ▀██▄█▌  ▄█▀     ▄██
▐█▌   ▀█     ▀██▌ ▄█    ▄▄██▀
▐█▌  ▄  ▀▄    ▐█▌▄█ ▄▄██▀▀
 ██   ▀▀▄█▄   ▐███▄█▀▀
  ██▄     ▀█  ▐█▀▀
   ▀▀██▄▄   █ ▐█▌
       ▀▀██▄▄███
           ▀▀▀█▌
EOSex
EOS Exchange


   The Exchange for the EOS Community!  

███████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████
ICO: 15th October to 20th November


                           ▄▄█▌
                       ▄▄██▀▀█▌
                    ▄██▀▀    █▌
 ▄              ▄▄██▀    ▄▀  █▌
▐███▄▄         ▐█▀     ▄█    █▌
▐█▌ ▀▀██▄      █▌      █ ▄▀  █▌
▐█▌    ▀▀██▄▄  █▌    ▄█▀▀    █▌
▐█▌   ▄    ▀██▄█▌  ▄█▀     ▄██
▐█▌   ▀█     ▀██▌ ▄█    ▄▄██▀
▐█▌  ▄  ▀▄    ▐█▌▄█ ▄▄██▀▀
 ██   ▀▀▄█▄   ▐███▄█▀▀
  ██▄     ▀█  ▐█▀▀
   ▀▀██▄▄   █ ▐█▌
       ▀▀██▄▄███
           ▀▀▀█▌
WHITEPAPER
BTC                          ▄▄▄
                    ▄▄▄██████
              ▄▄▄█████▀▀████▌
        ▄▄▄████████▀ ▄██████
  ▄▄▄██████████▀▀  ▄███████▌
▀███████████▀   ▄██████████
   ▀▀▀███▀    ▄███████████▌
        █▌  ██████████████
        ▐█ ██████████████▌
         █████▀ ▀████████
          ██▀      ▀████▌
                      ▀▀
             ▄████▄▄   ▄
█▄          ██████████▀▄
███        ███████████▀
▐████▄     ██████████▌
▄▄██████▄▄▄▄█████████▌
▀████████████████████
  ▀█████████████████
  ▄▄███████████████
   ▀█████████████▀
    ▄▄█████████▀
▀▀██████████▀
    ▀▀▀▀▀
joesan2012
Full Member
***
Offline Offline

Activity: 294
Merit: 104


FILIPINO TRANSLATOR / REPUBLIA PRE-SALE : Aug 23rd


View Profile
November 29, 2017, 11:54:51 PM
 #34

Do you think governments are afraid legalizing bitcoin because it's difficult regulating its use, circulation, determining individual's worth, earnings and may lead to tax evasion?

Yes it could be like that .. There are some cases why other country are afraid of bitcoin legality, first yes they could not regulate bitcoin . 2nd maybe it can be use to hide assets worth and wealth because of being decentralized of bitcoin . Regarding the taxes issue ,creating government official exchanger will really help a lot . maybe they could get taxes by increasing the transaction fee. Every country should also create and legislate law to protect government reputation and also attract bitcoin users and not push them away .

Leading-Edge Ecosystem & Technology    ▌   R E P U B L I A   ▐     P R E - S A L E   :   August 23rd - September 23rd
▬   ▬▬   ▬▬▬   ▬▬▬▬   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬   ▬▬▬▬   ▬▬▬   ▬▬   ▬
|      [ WHITEPAPER ]  [ BOUNTY ]  [ ANN THREAD ]       |         Facebook        Telegram        Twitter        Instagram          |
Lieldoryn
Sr. Member
****
Offline Offline

Activity: 602
Merit: 272


View Profile
November 30, 2017, 11:38:02 AM
 #35

Do you think governments are afraid legalizing bitcoin because it's difficult regulating its use, circulation, determining individual's worth, earnings and may lead to tax evasion?

Yes it could be like that .. There are some cases why other country are afraid of bitcoin legality, first yes they could not regulate bitcoin . 2nd maybe it can be use to hide assets worth and wealth because of being decentralized of bitcoin . Regarding the taxes issue ,creating government official exchanger will really help a lot . maybe they could get taxes by increasing the transaction fee. Every country should also create and legislate law to protect government reputation and also attract bitcoin users and not push them away .
It seems to me that the main you missed. How much the government will receive taxes from bitcoin users if not more than 1% of the population? Governments are afraid that the country will be 1% more independent people. If your salary depends on the government you are subject to him. That's why bitcoin scares government. The richer the people the more difficult it is to manage them.


````````````````███████████
```````````█████████████████████
```````█████████████████████████████
`````````█████████████████████████
````````````████████████████████
```████``````````````````````````````████
`████████`````````````````````````███████
`█████████``````██████████````````████████
█████████`````██████████████```````████████
████████`````████████████████``````████████
`████████`````███████████████``````████████
``████████`````████████████```````████████
``███████````````████████``````````███████
```███```````````````````````````````████
````````````███████████████████
`````````██████████████████████████
```````█████████████████████████████
``````````██████████████████████
````````````````██████████
EtherMium██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
warrior333
Sr. Member
****
Offline Offline

Activity: 406
Merit: 253


View Profile
November 30, 2017, 02:55:30 PM
 #36

I do not want ... I do not need the government of my country to legalize bitcoin, (that would be too good). I just do not want to be banned from using it.
And the ban on bitcoin as far as I know, no country has done that yet.


It will be illegal in Vietnam starting on January. There are a couple more countries that have already declared it illegal.

As things currently are, governments have no need to control Bitcoin. They only need to control the fiat being used to trade it, and they can do that effectively by monitoring and regulating businesses which accept Bitcoin and exchanges. They even get extra revenue this way. Countries that have banned or are pushing for a ban probably just don't want to go through the trouble of studying it, or can spare no resources for its regulation.
It seems to me that a government that bans the bitcoin have close ties with banks. Banks do not want the legalization of bitcoin. The legalization and promotion of bitcoin can lead to a shortage of working capital in banks. They just lose the source of their income. If Vietnam ban bitcoin so this country is ruled by bankers.
Granxis
Hero Member
*****
Offline Offline

Activity: 700
Merit: 500


★Bitvest.io★ Play Plinko or Invest!


View Profile WWW
December 01, 2017, 05:43:00 PM
 #37

Bitcoin can not use it in the state's economy. The duty of the government to regulate the economy and time to support a promising sector to the economy was on the rise. How is it possible to do with bitcoin? Loans also not really taking bitcoin. If you legalize bitcoin then it will start to withdraw money from the economy. Governments are afraid of this and will never legalise bitcoin.
You are absolutely right, Bitcoin is like water, it is difficult to control the water, it is almost impossible to constantly control it. It's also a difficult situation to get tax from Bitcoin. Some governments are very concerned.



.
.BITVEST DICE.
HAS BEEN RELEASED!


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████

▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░████
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████

██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░

██░▄▄▄▄░████▄▄██▄░░░░
████████████▀▀▀▀▀▀▀██
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄

██░████████░███████░█
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████

▀████████████████████▀




Rainbot
Daily Quests
Faucet
Hordrick
Member
**
Offline Offline

Activity: 100
Merit: 10


View Profile
December 02, 2017, 01:49:09 PM
 #38

I agree, because the government is afraid of decentralization and anonymity, this prevents them from controlling the masses.

   ⚡⚡ PRiVCY ⚡⚡   ▂▃▅▆█ ✅ PRiVCY (PRIV) is a new PoW/PoS revolutionary privacy project ● ☞ ✅ Best privacy crypto-market! ● █▆▅▃▂
    Own Your Privacy! ─────────────────║ WebsiteGithub  |  Bitcointalk  |  Twitter  |  Discord  |  Explorer ║─────────────────
   ✯✯✯✯✯                 ✈✈✈[Free Airdrop - Starts 9th June]✅[Tor]✈✈✈ ║───────────║ Wallet ➢ ✓ Windows  |  ✓ macOS  |  ✓ Linux
Rahar02
Hero Member
*****
Offline Offline

Activity: 826
Merit: 522


ChipMixer.com | ChipMixerwzxtzbw.onion


View Profile
December 02, 2017, 02:25:18 PM
 #39

Yes, we can say; governments are afraid to regulate bitcoins because they can't control it or lack of knowledge to acknowledge the benefits of bitcoin which is better than their's fiat currencies.
Bitcoin isn't fully anonymous to do illegal transactions as most people trade cryptocurrencies on exchanges which require id verification. People can't evade taxes forever as every transaction are recorded on blockchain and bank system.
So, you'll always stay under the radar as long as you are never deal with exchanges and bank transfers to buy and sell bitcoin.

corroze
Sr. Member
****
Offline Offline

Activity: 546
Merit: 254



View Profile
December 03, 2017, 09:21:11 AM
 #40

I agree if the government can not control and regulate bitcoin even for various purposes and so far they can only observe and monitor the development of bitcoin, and perhaps this factor also causes the government to always consider the legalization of bitcoin in each country.

▄█████▀
████▀▀
████

████
████
████
████
████


████
████▄▄▄▄
██████▀
.
.D e a l j o y.
▄██████
▀▀▀▀████
████

████
████
████
████
████


████
▄▄████
▄█████▀
Pages: « 1 [2] 3 4 5 6 7 8 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!