Why so many Bitcoin users have fear of governments?

[Lucifers]

Probably because the bitcoin user is afraid of not being able to use bitcoin anymore. That is why bitcoin users are afraid bitcoin banned in the country. Because they will not be able to use or search for bitcoins anymore.

[Hinugh]

There is no doubt that everything that the government cannot control is a threat to them.
Uncontrolled Finance is a threat to the economy and to the indicators of gross domestic product.
The profit gained from cryptocurrencies is a concealment from taxes, which entails holes in the country's budget. Of course, any government will do everything possible to get rid of what they consider a threat.
But this is already a running mechanism. And of course no one wants to say openly - I am rich, but do not pay taxes. It's a prison and confiscation of property.

Bitcoin users fear government because they might controlled cryptocurrency. Our freedom that we enjoy right now in invisting bitcoin might be limited once the government involve. And the profit we get might lower the ROI because government always want a share .

[kissme09]

Because many people use Bitcoin as a solution to save money, and keep their money away from taxes from the government. Many people use Bitcoin for evil purposes, so many people fear that governments will negatively affect their money.

[Allura74]

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.

Yes, mostly government are hesitant of bitcoin and I think because of its decentralized design that even them cannot control the system. Many speculations and FUD by people that government will take control for bitcoin and if that will happen it will destroy the crypto world in terms of profit ability because for sure if government doesn't banned then they will take an action for collecting taxes.

[Abu Shadow]

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?

it is natural people are curious what governments have to say as they could impose some barriers on crypto industry and make it less accessible. However generally speaking, that is not what is happening.

Yeah i agree as most people will not want to have a problem with the government.

[kidd07]

There is no doubt that everything that the government cannot control is a threat to them.
Uncontrolled Finance is a threat to the economy and to the indicators of gross domestic product.
The profit gained from cryptocurrencies is a concealment from taxes, which entails holes in the country's budget. Of course, any government will do everything possible to get rid of what they consider a threat.
But this is already a running mechanism. And of course no one wants to say openly - I am rich, but do not pay taxes. It's a prison and confiscation of property.

Bitcoin users fear government because they might controlled cryptocurrency. Our freedom that we enjoy right now in invisting bitcoin might be limited once the government involve. And the profit we get might lower the ROI because government always want a share .

Yes, if we speak about government intrusion then what comes up in people's mine is the taxes that they will collect in every transaction then therefore its a big minus for our income and worst is if they will abolished bitcoin system because of their accused that its a crime prone activity.

[anisuzzaman99apu]

In What Do We Trust?

Fiat is a term used to describe the conventional currencies that are issued by governments. Fiat  currencies have value because governments say that they do. To an increasing number of people, that promise means nothing. After all, fiat currencies are not backed by any tangible assets. You can’t return the currency to the government in exchange for a bar of gold or silver, a can of beans, a pack of cigarettes, or any other items that might have value to you. Fiat currencies are backed by the full faith and credit of the government that issued them and nothing more. If you want gold, silver, beans, or smokes you need to exchange your fiat currency with a person or entity that possesses the item that you want.

Why Control Matters

Governments control fiat currencies. They use central banks to issue or destroy money out of thin air, using what is known as monetary policy to exert economic influence. They also dictate how fiat currencies can be transferred, enabling them to track currency movement, dictate who profits from that movement, collect taxes on it, and trace criminal activity. All of this control is lost when non-government bodies create their own currencies.

[Viranz]

Because the rules of each country are different. So there is a bitcoin banned and there is also a legal bitcoin.

[jchav010101]

Currupt governments just want to get some taxes in bitcoin if they knew we are holding a huge bitcoin in our wallet.That's why being anonymous is more important so the government will not get our hard earn money.Now it feels more investors oriented.

[cutecute]

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?

Many bitcoin user have fear of government because they all know that there's a chance that our government can make our bitcoin disappear. Actually in other country they didn't let anyone to make an cryptocurrency transaction

[pasti kaya]

probably because of bans in some countries on circulating bitcoin users and illegally declared bitcoins. Therefore, they are afraid of criminal sanctions.

[charlemagne_15]

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?

It is indeed that few people in the bitcoin world feared the governments maybe because of the threat they see if all governments will totally ban the bitcoin. We all know that government is more powerful than bitcoin they can stop the production of it in just a snap. They are also afraid that governments will end any bitcoin transaction.

[seanskie18]

Government has the power to ban, to stop anything in the country where they belong so bitcoin users afraid that it will happen in the future. They (bitcoin users) also scared or afraid because government can possibly stop or end bitcoin transaction if that's happen then we loss the possibility to earn money or to get profit.

[alex lionel]

This is because government can take legal action if you violate their laws like ban on crypto. Just because you are able to make those transactions does not mean that you are safe also.

[Xester]

Currupt governments just want to get some taxes in bitcoin if they knew we are holding a huge bitcoin in our wallet.That's why being anonymous is more important so the government will not get our hard earn money.Now it feels more investors oriented.

The government is not corrupt but the people who are running it are the ones responsible. But it is not also fair to declare and generalize that all government leaders and agencies are corrupt. Sometimes it is easy to say that the government is corrupt if you do not know where are the funds from the treasury are going to. Also to tax those who have earned a profit in bitcoin is just normal since all business must pay their corresponding taxes.

[Aryadwipanggah]

it could be that the fear is reasonable, because if the government ban bitcoin clear bitcoin users are afraid of losing his money, on the one hand if the government issued a warning accompanied by the threat of punishment for bitcoin users in his country is definitely the bitcoin users will be afraid

[Fappanu]

Because they can know how much they hold Bitcoins. But this is not really the issue here. The real problem here is that they can control the Bitcoins and their rise and fall is no longer natural.

But on the other hand, it's also good to be bitcoins to regulate to avoid scammers and much more

[Dudeperfect]

I think that its a lack of awareness about Bitcoin and how it works. As we know that in the worst case, governments can ban crypto to fiat and vice versa transactions so even in such scenario, we will be able to send and receive crypto without breaking any law. On the top of that, international exchanges are always there if someone is willing to buy or sell crypto so this fear of government is based on the lack of realization of the potential and power of decentralized payment systems.

[teejayrichard2]

it is simple, many bitcoin users in different countries know fully well that government controls almost everything that operates in a country and putting a ban on bitcoin can for sure affect its usage within the country thereby affecting its price. government always want to control everything and whatever they find difficult to control, they ban. so basically bitcoin users one way or the other needs government support to take bitcoin global

[Catch-22]

I noticed that too. Fear of government is prevalent in this forum. Must be the bandwagon effect. Or most people here have something to hide.