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Author Topic: Should government consider bitcoin as a legal global currency?  (Read 1049 times)
geegaw
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May 26, 2018, 03:52:10 PM
 #261

Nothing wrong if governments start giving consideration to bitcoin as a global currency. Even with the traditional currency it has got different flaws, so at least can give importance as an alternative or a secondary solution for transaction purposes without restrictions which will help with the growth.
I agree with you, there's nothing wrong about if government will allow or consider Bitcoin as a legal global cryptocurrency. It would be a positive news for all the Bitcoin users.
I do not think so, when Bitcoin becomes a global legal currency under the permission of the government, this field will be more popular and we should remember that the profit from this is very attractive, many people can quit the job and go to bitcoin. Especially young people, a society where young people only focus on earning bitcoin and miss learning, miss the future, the development of a country will be affected, and licensing is not positive news, it is even negative when it means that our profits and operations will be managed by the government, we will not feel free and comfortable

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dragoz11
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May 26, 2018, 04:05:48 PM
 #262

the majority of governmets as far as I can see, consider to implement some taxes into cryptocurrencies, which means that them are considering to make it legal, because if something is illegal it can`t be taxed.
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May 26, 2018, 04:21:48 PM
 #263

It should, but it won't happen anytime soon.
kidoseagle0312
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May 26, 2018, 04:34:59 PM
 #264

I think its about time for any government to recognize Bitcoin and allow for its public use. Bitcoin has many perks and benefits that it can offer to people and its just wasted because only a handful percent of the population can actually use Bitcoin and know Bitcoin. If the government and Bitcoin can somehow make things work it would be a huge leap to attain convenience by using digital currency.
Jessica2009
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May 26, 2018, 08:46:49 PM
 #265

            If the government consider Bitcoin as a legal global currency the pattern of Bitcoin will change they will try to impose people some rules and regulations and the government will try to centralize Bitcoin as fiat currency and it will never benefit people's well being .  For example the fiat currency which the people earns they have no freedom to use as their hard earned money without the banks or governments consent . If the Bitcoin is legalized it will help for the countries economic growth also .

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