Rakesh_alejandro
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Activity: 126
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May 28, 2018, 03:37:24 PM |
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Some people fear because goverment will put a tax on them big tax small earn. Corrupt people in goverment will taking advantage on it. They will use in thier own lives and they did'nt want to help thier people thats my opinion so some people fear on the goverment because you earn.Money and it will go to corrupt officials so what will happen? They will take an advantage for those people who has simple life is to focus on earning.
I think if the government legalizes it then that will be the key to its success. The future if BTC depends on government policy The government holds the fate of Bitcoin in their hands. They can make policies that can destroy Bitcoin or make it better and prosperous, if the government forbids the use of BTC around the world, it will lose relevance and hence fade and die |
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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jakoylantern
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May 28, 2018, 03:55:44 PM |
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For me, yes many bitcoin users have a fear of government sectors that will ban or prohibit bitcoin and another cryptocurrency. But in a short-term yes, they have the jurisdiction to prevent bitcoin and another cryptocurrency but they can’t kill bitcoin or bitcoin will not die because of them. Even bitcoin is ban to some country bitcoin is still alive but, the price of it will give a massive effect because the population and acceptance of bitcoin will decrease. I think you just need to embrace and understand this cryptocurrency war because it all starts when bitcoin is created to interrupt the banks and government in controlling our money and give as a high fee or charges in every transaction we make.  |
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Lynh kolh
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May 28, 2018, 04:00:18 PM |
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The person has a very large amount of Bitcoin and they are afraid that they will be questioned. Or another reason may be that they are only afraid of the big taxes that will be placed by the government. Unfortunately whenever the price goes up it attracts certain types of people who are in a hurry with eyes closed.
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Jessica2009
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May 28, 2018, 04:01:07 PM |
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Many Bitcoin users have fear of government because government fears Bitcoin but not the blockchain technology in order to improve operational efficiency the government embraces blockchain technology not bitcoin . Some governments are trying to bring their own cryptocurrency to make electronical transaction easier . As now number of people are investing in Bitcoin since it is profitable for the people to make more money out of the Bitcoin and the government cannot trace the people who make more money to tax them due to the decentralized system.
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yoseph
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May 28, 2018, 04:49:53 PM |
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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.
Because the government at a moment can just drive the value of bitcoins down by just banning the currency. That’s why there is so much fear concerning governments and their views towards bitcoins. |
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Fujiati
Full Member
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Activity: 664
Merit: 112
Ethernity CLOUD
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May 28, 2018, 05:48:47 PM |
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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?
this is a problem that bitcoin is encountering. government and banks still have not received bitcoin. many bitcoin users are anxious for fear that bitcoin will die because of the government and the bank. I hope this problem can be resolved quickly so bitcoin can be received by all governments and bitcoin can work with banks. |
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G_Besar
Sr. Member
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Activity: 1078
Merit: 476
Cashback 15%
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May 28, 2018, 06:19:31 PM |
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how can we be calm if the government has not legalized the existence of bitcoin and I was afraid of whether bitcoin can be forever accepted by the government but how the fate of its use if this is true and we can not menghidar because in each country have different rules and as citizens who obey the law we must be prepared with the risks we will receive  |
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Sumo
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May 28, 2018, 10:11:44 PM |
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Unfortunately, we are very dependent on the government, and if all countries agree among themselves and ban bitcoin, we simply will not have a choice. So we have to fear the authorities.
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jake zyrus
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May 28, 2018, 11:17:31 PM |
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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?
The thing we should remember that not all governments are against bitcoin. We have countries like Japan and South Korea that supports the potential of cryptocurrency in the market so it will take time but I know other countries will follow their lead. I think we should have a proper discussion with them to understand fully each other's say about this industry. |
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coincini23
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Activity: 79
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May 28, 2018, 11:19:27 PM |
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Because only Government can force that they can ban Bitcoin that many poor people don't have way to be rich from their country. Government shows greedyness to people who need money
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denizci
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Activity: 93
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May 28, 2018, 11:24:51 PM |
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A lot of Bitcoin users now really have fear to Government. One thing is for sure, they are really afraid that the Government will decide to stop or banned this Bitcoin.
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Bestthefriend
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Activity: 97
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May 28, 2018, 11:29:40 PM |
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The governments have for a log time threatene the existence of BTC through regulatins and in some situations bans,This has made a number of the users quite uneasy with the governments
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vanessbtf39
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Activity: 39
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May 28, 2018, 11:36:17 PM |
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may be because of the fear that the government can control the cryptocurrency market, put restrictions that would affect users
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strelok25
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May 28, 2018, 11:42:28 PM |
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I do not think that many crypto users are afraid of the government, just users do not like when governments try to regulate cryptocurrencies and make some restrictions on the use of cryptocurrencies in some countries, but gradually most of the governments of the countries understand the advantages of cryptocurrency and they will begin legalizing cryptocurrencies.
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blackr15
Member
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Activity: 137
Merit: 10
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May 28, 2018, 11:43:28 PM |
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why bitcoin users are afraid of the government because it has not been officially launched so users are afraid of punishment,
in my opinion personally do not be afraid by the government because there is no bitcoin law for it dare to deal with all that exist with risk in bitcoin
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Jorge158
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May 28, 2018, 11:52:09 PM |
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Bitcoin has come of age and has become popular over the years. With the coming of blockchain technology, many amazing projects are coming up which sometimes even serve governments of most countries. I believe that a time will come when governments will accept the use of Bitcoin and other cryptos for transactions and I see this coming anytime soon.
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dexentrali
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Activity: 32
Merit: 0
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May 29, 2018, 01:00:30 AM |
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Government do not support the use of bitcoin because they have no control over it and it pays no taxes to them. They give some penalty to prevent the generals using it. As a result many users are at risk and have fear of getting caught.
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DainSLane
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May 29, 2018, 02:07:46 AM |
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Probably some of our government officials wants easy money with the bitcoin users or the government implementing high tax with bitcoin so they are being afraid. Maybe they are afraid they getting caught by the government because in that country is not yet legal of using bitcoin.
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yusupjatigumilar
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May 29, 2018, 02:12:42 AM |
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may be said yes, the government is afraid of the growing number of bitcoin, because the more bitcoin users who make bitcoin as a means of payment then the country's economic stability will be disrupted and the value of their currency will decrease
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yusupjatigumilar
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May 29, 2018, 02:16:53 AM |
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Government do not support the use of bitcoin because they have no control over it and it pays no taxes to them. They give some penalty to prevent the generals using it. As a result many users are at risk and have fear of getting caught.
it is very difficult indeed to collect taxes from bitcoin, since bitcoin users are not only from one country but across countries and even the world and no limitations or transactions are going on, the government certainly loses income from conventional financial transactions that usually happen because many users switch to transaction blockchain |
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