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Author Topic: why do governments don't make BTC illegal worldwide ?  (Read 8097 times)
gooddly
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September 07, 2018, 07:35:15 PM
 #1081

I think bitkoyn will not soon represent a real threat to the banking system and, accordingly. government. While it complements, it performs functions not available to the Fiat.
1715021947
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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jeffer8035
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September 07, 2018, 08:11:19 PM
 #1082

they do not do it because the adoption will speed up faster and they do not combine them and they know that they can not totally prohibit it because all the people would throw themselves into that platform and it would be unstoppable. The banks still cover a lot of space in the world bitcoin does not even have 2% of the money that banks have that still has a long way to go when you have even 5% of what people invest in shares in the stock market of the world bitcoin will be super powerful worldwide a few years for that to happen could start mass adoption for 2020

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mangsitin
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September 07, 2018, 08:26:01 PM
 #1083

In my opinion, why governments around the world do not endorse the digital currency of Bitcoin for now because the government does not want their paper currency to be replaced by Bitcoin. because Bitcoin has value in the form of USD, this causes Bitcoin to be exchanged for ordinary banknotes. but the government is currently researching bitcoin technology, the Blockchain. this is a good signal for bitcoin if the government currently has tried blockchain technology.
syauqialbaana
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September 07, 2018, 09:10:28 PM
 #1084

I think, the government does not endorse bitcoin. Like the price, impact, and other shortcomings of bitcoin. how the government can legalize bitcoin if the government itself cannot control bitcoin. maybe if the government can control bitcoin, bitcoin will be legal because with the government can directly monitor all things about bitcoin. They must be able to realize that the increasing public interest they can use to take part of profits. I think it's only a matter of time for cryptocurrency to be accepted in various countries. But even then I think the physical money we use will not die for the next few decades .
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