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Author Topic: Why so many Bitcoin users have fear of governments?  (Read 1660 times)
PancherBitCoin
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May 13, 2018, 06:17:21 PM
 #161

There are two reasons why the government is afraid. The first reason is not honestly earned, the second reason do not want to pay taxes

I think we don’t want to fear for government or any other people if you are bitcoin user because it is also one of the ways of money earning methods so it is not an illegal ways to earn money so don’t fear for any others .
firstly, the government always tries to control the incomes of its citizens, and secondly, the government always tries to tax the money that people earn. and taxes can be quite large and therefore users do not like it.
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May 13, 2018, 06:23:24 PM
 #162

I think it's fair. China was a big source of crypto users. But suddenly China banned Bitcoins in there. Facebook is the biggest market place now. Facebook already blocked crypto currency with ICO issue. Although some countries has shown appreciation but still I think it's fair to have some fear of government. Cause a whole bunch of people always try to stay out of illegal things.
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May 13, 2018, 06:35:38 PM
 #163

people living in the particular countries which is the government always be controlling them and people have to obey from every decission from government and the biggest fear from bitcoin users is if their government makes decission related to regulate of cryptocurrencies which is very disadvantageous to them so being fear it's normal because i think they will against government and this is not good for our life

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May 14, 2018, 09:24:07 AM
 #164

The market users are afraid of the government taking over the control of crypto currencies because it may change the situation with the negative or very strict regulations like the complete ban of the bitcoin or something like this.
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May 14, 2018, 09:28:45 AM
 #165

Governments just want get some taxes from bitcoin if they knew people's holding bitcoin in their wallet then they hold taxes on BTC. So, that's why many Bitcoin users have fear of governments.
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May 14, 2018, 09:34:07 AM
 #166

I prefer to change the term fear with vigilance or worse is the hatred of the government. what governments do in many countries early in 2018 is enough to prove that the intervention they do in the crypto industry makes the market fall apart. I hate it when they try to ban crypto, regulate crypto too tightly, limiting crypto space. which basically I believe that they only want a little piece of money from this industry. they should do as a government is to find solutions and innovation to the existing problems. not taking short-term decisions.
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May 14, 2018, 09:36:56 AM
 #167

I can't escape to notice that many users here on forum have terrible rebbelious fear of governments. Like government is some evil devil that will destroy Bitcoin and other cryptocurrencies. But is this realy so, do such claims have any reasonable ground at all?

To my opinion the cause for something like that is again ignorance. I think that regulation that is mentioned in many countries is often mixed with centralization which is something that is not natural to Bitcoin because it's functioning totaly different than fiat currencies. Also some warnings to people that Bitcoin is volatile and risky investment that come from national banks are often interpretated as hostile behaviour towards Bitcoin and attempts to make people not to use it.

Is there any hope that Bitcoin users and governments will find the common language and help Bitcoin together to be more accepted in economy, especialy by businesses and to become more "legal" everywhere?

exactly. Some users are from the countries where you need to fear the governments for obvious reasons and the tendency is to ban everything that makes sense for the economy.
Cherylstar86
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May 14, 2018, 09:49:30 AM
 #168

I prefer to change the term fear with vigilance or worse is the hatred of the government. what governments do in many countries early in 2018 is enough to prove that the intervention they do in the crypto industry makes the market fall apart. I hate it when they try to ban crypto, regulate crypto too tightly, limiting crypto space. which basically I believe that they only want a little piece of money from this industry. they should do as a government is to find solutions and innovation to the existing problems. not taking short-term decisions.

Great, well I don't think we need to worry about what we are doing if our government supports crypto currency. As we know crypto currency are very demand here in cyberworld in which some countries didn't legalized crypto currency. In some point here in my country legalized bitcoin in fact some of our mode of payments accepts bitcoin. I believe soon there will be more and more establishments accepting bitcoin as a mode of payments as it will depends on each country's government supporting bitcoin.
SplendidHunter
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May 14, 2018, 09:52:50 AM
 #169

I think maybe they have gained some money and are fearing to loose them in case of some government pressure or something.
Chanock
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May 14, 2018, 09:53:13 AM
 #170

Why many bitcoin users have fear to the government? It is because the government has a power to ban and regulate or prohibit the used of bitcoin on their restriction or state. Like happen in China, the government decides to ban the used of bitcoin in their country. That's why many bitcoin users have a worried about the government response regarding the acceptance of bitcoin in their state. Once the government decides to ban or prohibit the used of bitcoin in their custody, all bitcoin user in this state cannot use bitcoin in ant transaction or convert it to fiat. Also the decision of the government in banning of bitcoin in their state have a big impact on the price movements in the market cap.
xandriel
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May 14, 2018, 10:02:46 AM
 #171

Bitcoin user fear of government is a normal thing we can understand. There are still many countries do not accept Bitcoin and they can lose their money easily if the Government ban their transactions.

 
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ScroodjMoney
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May 14, 2018, 10:08:10 AM
 #172

I think its the other way around, in my country, the government is obviously manipulating the media about bitcoin and the crypto world, they are airing events where people are scammed using bitcoin, but they are not really telling the real deal about cryptocurrency.
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May 15, 2018, 05:38:54 AM
 #173

Bitcoin users have fear of government because some government do not accept bitcoin, but if you are just a newbie and having a fear it is normal because they are new in this industry. They do not know yet how to overcome their fear. When they already know how to manage their fear then it will be remove so it is just normal to have fear of government.
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May 15, 2018, 06:44:04 AM
 #174

Some corrupt governments just want get some taxes to our bitcoin if they knew we are holding a huge bitcoin on our wallet. so that's why being anonymous is more important so the government will not get our hard earn money.

they should do as a government is to find solutions and innovation to the existing problems. not taking short-term decisions. people are afraid that states and governments will again take such an opportunity from them. bitcoin user in this state cannot use bitcoin in ant transaction or convert it to fiat. Also the decision of the government in banning of bitcoin in their state have a big impact on the price movements in the market cap.
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May 15, 2018, 06:55:46 AM
 #175

Because government wants to control everything and destroy whatever it cannot control and the essence of the bitcoin is not to be controlled by anyone. This is why people do not like the governments much
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May 15, 2018, 06:59:59 AM
 #176

There is the once contend with slavery and there is the once fighting to free themselves from tyrannical powers.
Government = govern your mind. Enough of the brain washing international free thinkers unite.
To be born and think i owe somebody something is insanity.

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May 15, 2018, 07:07:49 AM
 #177

kalau menurut saya sih karena bitcoin ini sangat berpengaruh pada bidang ekonomi, dan pemerintahpun menerapkan kebijakan peraturan tentang bitcoin ini sehingga dapat menekankan para pengguna bitcoin.
jadi menurut saya itulah penyebab pengguna bitcoin takut pada pemerintah....
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May 16, 2018, 11:02:43 AM
 #178

I think bitcoin users feel that if they use bitcoin, they can break any regulations from the government and they don't want to go jail because doing illegal things. but as long as in that country, bitcoin is accepted and even the government still not giving any statement about bitcoin, then bitcoin user could use bitcoin by free. but once the government has made the decision to prohibit bitcoin then it is clear for the citizen to not use bitcoin because they will break the regulations and this will make them doing illegal activities.

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May 16, 2018, 11:19:24 AM
 #179

Many bitcoin users have fear of the governments, because at first the government does not like bitcoin ,for they do not have the power to govern bitcoin , bitcoin holders are afraid the government might impose strict implementation of ban on bitcoin transaction in industry and other establishments ,stores, restaurants , hotels , this might be woarst thing that will happen againts bitcoin.
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May 16, 2018, 11:51:10 AM
 #180

It is because the government has a power to ban and regulate or prohibit the used of bitcoin on their restriction. So many bitcoin users are scared and afraid of that maybe their bitcoins will get lost and their investment will vanished.
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