Government fears Bitcoin

[pendekar cinta]

Yes with the circulation of the coin increasingly rapidly inevitably makes the government more worried because it can threaten the existence of the original currency in the future.However,the resulting impact of the existence of bitcoin can provide an opportunity for anyone to try to invest and make a profit.

[ericmalik]

you know,today bitcoin plays an active roles in the world in recent years,governments are afraid of banks being empty and the wallet of the people comes out of control.

[jaaeeeyyyy]

Crypto Currency is like a Sun powering up the people all around the globe who wants to change the world who are passionate enough to bring changes.

“It’s the top notch opportunity for reaching to the financial freedom”
That’s the reason some governments don’t approve Bitcoin because they already know the Strength of new decentralised digital currency market,if it goes up then the government will have to come down.

It’s just my opinion about Bitcoin ban
What are your thoughts?

Yeah, i think government is still afraid of not just bitcoin but the whole thing and system where cryptocurrency works. Government declared an national asset which is your currency as a citizen of a country which is under a decentralized system wherein they can manipulate and control unlike the bitcoin's decentralized system, government can't held a hand on it.

[CAPT.DEADPOOL]

I think that's just another country here because it's bitcoin bitcoin that bitcoin is saying but that's the way my other bitcoin users here in our country are legit bitcoin because bitcoin does not scam the scam is man not the bitcoin

[Babyfaceless]

Because of the peer to peer and decentralized nature of bitcoin, government are not able to monitor and control the transactions happening. Because of this, government will not be able to impose taxes

[Sexie]

Crypto Currency is like a Sun powering up the people all around the globe who wants to change the world who are passionate enough to bring changes.

“It’s the top notch opportunity for reaching to the financial freedom”
That’s the reason some governments don’t approve Bitcoin because they already know the Strength of new decentralised digital currency market,if it goes up then the government will have to come down.

It’s just my opinion about Bitcoin ban
What are your thoughts?

As bitcoin supports the community financially stable , in the contrary government would like to ban bitcoin. In the fears that bitcoin uses  for illegal activities likely in buying drugs and in supporting terrorism. That is why they are pushing through the legality of bitcoin. Initial move to it is to know your client , presenting ids just to be sure that user is not involved  to any illegal activities which against the government.

[terlesbogli]

They afraid Bitcoin some reasons are bitcoin probably will change the mode of payment in the world if ever bitcoin will accept as the world new currency. An easier way to send money across borders. Because Bitcoin isn’t run by a central bank, it can cross international boundaries much more easily and quickly.

[Aprilperez1]

The government is the greatest enemy of the bitcoin. The government have a big responsibility to be steady the fiat money or a currency of the  our country. They know can bitcoin replace the currency of the country so they do anything to remove or scared the people about the bitcoin.

[Barbut]

They afraid Bitcoin some reasons are bitcoin probably will change the mode of payment in the world if ever bitcoin will accept as the world new currency. An easier way to send money across borders. Because Bitcoin isn’t run by a central bank, it can cross international boundaries much more easily and quickly.

Some are afraid from these changes, the ones who fear the most are the ones who have the most benefits from current system. We all know that more people in this world lives in poverty then in welfare, its normal that this minority of rich people are very laud now when bitcoin is growing, they are talking all the time how cryptocurrencies are scam, but they don`t give any arguments or proofs, they just say it and they expect once again people to believe them. I think we have been scammed many times by governments promises for better life, where we all going to be equal. What we have is that rich people are more richer, there are more poor people then ever, wars on all continents, I don`t need more proofs that this current system is wrong, and we need something like blockchain is, only that can help small guy to grow up.

[JiuMiBe]

The administrative management on the global will be afraid to be become the new tax lines. However but the last node has been slowward, by that is already happen. Of the business to be most allowed to take sure to the security does not return to the following account. Nỗi lo ngại up after the campaign for the maximum lines of the nature lines are done on the range of the maximum gain.

[harbin55]

I think yes, because some government are not yet well develop in terms of techonology which is leds them not capable to accept bitcoin. .
Through this they are afraid to deal with bitcoin because of the threats like loss that may occur so they think briefly so provide a win result.

[Cloak1]

 it might be the fear of losing the dominance over the financial grounds across the world that is turning governments hesitant over the constitution of Cryptocurrencies.

[makuhpal]

They might because they know what can happen if bitcoin is going dominate the market,as long sa theres no regulations from the government you should be enjoying yourself with the cryotocurrencies because it is going to be more massive in the future and you could have millions of dollars with bitcoin if you know what you are doing.

[KITTY 0108]

The government is afraid of bitcoin? why? maybe the government is afraid of currency competition or anything else that will happen.

[ooeygooeygold]

Yes! Any government should fear bitcoin, if not for anything,atleast for its decentralized system, but I know for sure that they will one day embrace bitcoin and blockchain technology.

[sampalokmix]

Yes, of course, government does. At least until they arent able to control everything in crypto... It's a question of the time cos they have started to own it.

Very well, so they didnt support this much cause the nature of this currency is much different in what a government is like centralization and decentralization, Bitcoin is decentralized, in which government doesnt have tge right to out any amount of tax in this, and if this currency widen its own capability it will be a threat to government, that the annual amount of tax that they have gathered will never be the same if most of the people used Bitcoin.

[Harper6]

you know,today bitcoin plays an active roles in the world in recent years,governments are afraid of banks being empty and the wallet of the people comes out of control.

I do agree with you to some extent because now if we take look to the banks activates then they are getting lessen day by day, now people really know about bitcoin highly increasing price and they knows how safe it is to put money in bitcoin, so same as you said our government are afraid of losing the profit and the monthly tax they get from their currency and banking system so they don’t want bitcoin to be the way it is getting now, infect they are getting jealous of bitcoin increasing demand and popularity.