Is the government really scary?

[dongyi17]

I think they are afraid because they have no control in blockchain, If the Government not control they have no money to get example taxes, but government official can pass the law to give the taxes to people who used bitcoin in every transaction.

[BabyBoss]

Many people say the government is not interested in cryptocurrency. Many people think the government has prohibit
crypto to protect investors from risks. Maybe in your country, that's true. But in some countries, especially developing countries, the government just wants to rob your assets. They rob publicly, lawfully and as much as possible. they are really bandits.I'm not afraid what they do. Because we have many ways to fight them. But this world is not as simple as you think.They can kill you if you are demonstrating.
You can ask any vietnamese that : Do you support your government ? I bet 99% answer is never. 1% remaining I'm sure they are goverment employee or their family.

Maybe some of them are not scary but they are also think about their people the whole country, they are thinking that if bitcoin or crypto currencies become their main currency they need big adjustments especially the people since it is base on technology and not all people interested in technology or internet.

[Kayla]

I think the government in my country is not that bad. The government does not kill its own citizens because we have or invest in cryptocurrency. What the government does is forbidding the use of the crypto currency, so the crypto currency can not be used in my country. I do not know the system of government in Vietnam, if indeed it is really horrible. Having cryptocurrency is a life. We must be very careful to keep it, so that our asset can not be stolen or hacked by anyone. And we must also maintain our identity as the owner of the crypto currency.

[Shame_Game]

Of course, the state is the real bandits and gangsters. And the prohibition of the circulation of cryptocurrencies is connected only with the fact that the state does not want people to be rich.

[jak3]

First of all don't ever think that governments are stupid because they are not. they do not allow Bitcoin or any other cryptocurrency because it is less private and it will show an alert of your details or what you transact over the internet. Imagine you paid a prostitute and that transaction will be shown to all over the world for the confirmation, now suppose what if someone scraps that data and keeps a record on how many people spend their Bitcoin on what then everyone will know that how much money does everyone spend on hookers. This type of information splitting systems are less private and can show an alert of your activities using the transactions you do on the network.

[Suguha]

Many people say the government is not interested in cryptocurrency. Many people think the government has prohibit
crypto to protect investors from risks. Maybe in your country, that's true. But in some countries, especially developing countries, the government just wants to rob your assets. They rob publicly, lawfully and as much as possible. they are really bandits.I'm not afraid what they do. Because we have many ways to fight them. But this world is not as simple as you think.They can kill you if you are demonstrating.
You can ask any vietnamese that : Do you support your government ? I bet 99% answer is never. 1% remaining I'm sure they are goverment employee or their family.

For me, government us really scary because they can create law that can destroy to tge values and freedom of the people because in one law that they create it will affect the entire country. Government is powerful and their are the ruler of the country.

[Ng93]

Many people say the government is not interested in cryptocurrency. Many people think the government has prohibit
crypto to protect investors from risks. Maybe in your country, that's true. But in some countries, especially developing countries, the government just wants to rob your assets. They rob publicly, lawfully and as much as possible. they are really bandits.I'm not afraid what they do. Because we have many ways to fight them. But this world is not as simple as you think.They can kill you if you are demonstrating.
You can ask any vietnamese that : Do you support your government ? I bet 99% answer is never. 1% remaining I'm sure they are goverment employee or their family.

Yes, everything is true you say that in many cities, the government does not just interfere with the development of cryptocurrency and bitcoins, but also Rob. Specially manipulated cryptocurrency, bring down the price or raise. I have heard a lot from friends in different countries that MPs and Ministers buy a lot of bitcoins and they are against what bitcoin is recognized in the state.

[Lucasmcdonnell87]

I do not know your government and country and maybe they are robbing your stuff and people there, but if they can break the crypto then I think it is impossible unless you give them information. Otherwise, they cannot be appropriated, as crypto is encrypted and secured in the most optimal way.

[ajaymukund]

Many people say the government is not interested in cryptocurrency. Many people think the government has prohibit
crypto to protect investors from risks. Maybe in your country, that's true. But in some countries, especially developing countries, the government just wants to rob your assets. They rob publicly, lawfully and as much as possible. they are really bandits.I'm not afraid what they do. Because we have many ways to fight them. But this world is not as simple as you think.They can kill you if you are demonstrating.
You can ask any vietnamese that : Do you support your government ? I bet 99% answer is never. 1% remaining I'm sure they are goverment employee or their family.

Bitcoin is no longer a valuable virtual currency, but Bitcoin in particular and Crypto are generally useful and valuable currencies to investors. For that reason, the government fears the currency. will dominate people and will not use money in the bank anymore. Government is scary when they give rhetorical, untrue evidence about the danger that crypto brings.

[Dawson_V]

No! the governments are not scary. They are just protecting their citizens. One the role of governments is to protect people. When we talk about protection we do not mean against other countries or protection during war time. In this case, we are talking about financial protection. It is normal for governments to be afraid of the bitcoins. Not because it is so powerful, but because in case of collapse, they do would not like to deal with suicides or major crisis. Cryptos could badly end or succeed. We do not know yet. We are just hoping. Future will tell. But for now, we need to be careful.

[repzaj]

yeah the government is really really scary because there will be the last decision to legalize the crpto investment in a certain country.

[DaveWave]

It is not that governments are scary. Governments are supposed to be friendly because they are its protector and will serve for the better good. What is wrong is when the officials in the government are not doing what they are supposed to do.

[angrynerd88]

Government is scared because government believe that Bitcoin will encourage the illegal activities,Being optimist Bitcoin will be helpful for economy and common people.Bitcoin will help to connect globally and make easy way for financial activities overall the globe.Bitcoin and Government is best combination so Government must take it positive and focus on the positive side of Bitcoin.  

[LordShanken]

I think it is very wrong or misleading to think about such a government. I'm not saying that I support the government but I say that because if the government exists then only we can see little light in the country or the big infrastructure and all the facilities around us. I think it's more perfect if we work with them always.

It is in some way true but for me goverments don't see the point of using crypto and unfortunately for us we will need to wait some more years till their see those aspects, for me in next 3 years some changes will be made, i have a hope that it will be changes for better market and legal use of every coin.

[amber deposit]

I believe the government is really scary with the way bitcoin came and dominated the market and if allowed it will actually put fiat money into extinction, now that's not what the government wants because that will be bad business for them. The government are actually making profits out of fiat because of the policies they put in place and even making it inaccessible for the masses.

[Protonem]

1 lesson that i've learned about this, most of us sometimes fear about something that we can't have control about it. This is happen to those government who ban Bitcoin, they are welcome about new technology but they can't controlling us . That's why with Bitcoin wallet we are becoming our personal bank, we controlling our money and fee tx. Freedom.

[ReiMomo]

Governments is scary because they don't know how to get tax from crypto currencies and how to set up a tax reforms on it since they all belong to traditional taxing and money management. Yes, the government is scary because the financial institutions are making false statements and giving baseless acquisitions about crypto to governments to make their business safe.

[bitbunnny]

Governments is scary because they don't know how to get tax from crypto currencies and how to set up a tax reforms on it since they all belong to traditional taxing and money management. Yes, the government is scary because the financial institutions are making false statements and giving baseless acquisitions about crypto to governments to make their business safe.

Well, I can't agree with that statement, at least not in full.
Governments do know how to tax Bitcoin and other cryptocurrencies and in most countries they do. You have to pay tax on Bitcoin transactions, there is nothing new about that.
What is currently an issue is regulation. This is something that might help to treat cryptocurrencies in right way but many governments don't have clear idea yet how this should look like.
So there is certain fear especialy regarding illegal use and black economy but this is something that to my opinion will be solved soon.

[7Dyoknga5]

That's a communist mentality. Yes governments have imperfections ans there are several officials seated on government position that doesn't deserve it but you should not blame the government system because of an individuals wrong use of power.

Governments has rules and laws to protect their people and the country.

Well unless you are governed by a dictator.

[nabilanur]

This was however the cryptocurrency started, no government was offered their facilitate to support the cryptocurrency for its growth and therefore the time came that the deal it badly by forbidding it and making a FUD against it simply to prevent the quick growth of crypto. however the motivation did not stop and therefore the results were nice as a result of currently some countries ar in favor of crypto and bitcoin is leading the expansion.