Is the government really scary?

[t2yax]

As we can see, governments are really scared to bitcoin. First, government cannot control its own economic growth. Secondly, they also scared about the security and safety of bitcoin, whch can lead to many cryptocurrency to rob. They cannot make cryptocurrency to be legalized. A lot of crypto or altcoins are invented day by day.

[1715692729]

1715692729

[1715692729]

1715692729

[hachiman13]

We have a reason to be afraid of cryptocurrencies as they favor banks--the enemy of decentralization, that is the core of most of the cryptos. They are also a threat to exchanges like what happened in china.

[Lucius]

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.

Key word for what you ask is "control", governments around the world as one of the main objectives have control of people. This control implies all possible ways of monitoring, collecting data and much more, I think it's enough to read what it has published in public by Edward Snowden former CIA employee. In that documents you can see that NSA is working from 2013 ( maybe even earlier ), on tracking BTC users with highly specialized programs they develop. Most big countries in the world do the same thing far from the public eye, democracy and freedom exist mostly on paper.

They are very afraid of cryptocurrency and especially BTC, decentralized currency for people - no fees for banks, no tax and control of total supply - I think this is the biggest nightmare for them.

[Kronos21]

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.

This is the case in many countries. But I would like to ask you what you were doing in the election? Every nation deserves a government for which it votes. In order for you to be able to use cryptocurrencies without restrictions, you must unite and require politicians to fulfill your requirements. Everything else is just a concussion.

[neliawesome]

I dont think government is scary.We all know that there are some government implementing strict policy towards cryptocurrency, some reason is because they are just protecting the economic growth of the country and some are for interior motive.But how come we will get scared to them they can never control us in the first place and gladly they can never track down our accounts here in crypto if you are just being careful of every actions you made.

[YesJP]

 

[sp01_cardo]

Yes it is scary because governments has the power to ban cryptocurrencies. But before they will ban it they will consider if what will the effect of banning crypto. Crypto is a big help and it will improve our community.

[Bumblecoin]

Government will not kill people who are using cryptocurrency because some of the government employees are also a hodlers, they can prohibit you from investing but not to the point of killing you. We all know billionaires are slowly adopting the technology so obviously they have the connections to the government. Don’t be scared, government will adopt this later on.

Yes I agree on this. The good government will not harm us unless we are doing illegal that could harm humanities. But as long as we are just eaning a living peacefully and without harming others then we must not be afraid.

[fxstrike]

When the system is faulty (capitalism, fascism, socialism, communism etc) there is no way the leader can be trust-able, that also means corrupted leader are the ones that will use his power in the government to institute whatever he want

[ShadowBits]

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.

They only do that because they think the crypto currencies are a threat to their community and will try to protect their people from it.

[endut15]

Yes it is scary because governments has the power to ban cryptocurrencies. But before they will ban it they will consider if what will the effect of banning crypto. Crypto is a big help and it will improve our community.

how else would that be? indeed the government is one of the holder of power as well. surely we are afraid of how the development of crypto in the future. because the crypto can not be traced and taken over by every country. so if you want to get involved it is quite difficult.

[South Park]

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.

The greatest issue with governments is they have gotten too powerful, fiat currency has allowed them to steal from the wealth of their citizens for too long, that is the main reason they fear and hate bitcoin because it is going to take that power away from them and when it does governments will have no option to become way smaller and they will never recover their former glory.

[sulendra12]

It's not that scary if you think positive to the government. Government's rules are meant to protect their people, they don't want to let their country become worse because something that causes the economy to become much worse. If it makes the country goes better, I'd rather go with it.

[Lancusters]

It's not that scary if you think positive to the government. Government's rules are meant to protect their people, they don't want to let their country become worse because something that causes the economy to become much worse. If it makes the country goes better, I'd rather go with it.

If you think so then what are you doing on a bitcoin forum? You need to use only Fiat and support all government initiatives. If all people will have such thoughts then they will make a 90% tax. Everyone will live in the hostel and work seven days a week. After retirement, commit suicide. This is the dream of most governments.

[cedrixperez]

There are lots of news that government wants to execute crypto existence but I doubt that they really execute crypto since crypto now have many use and getting popular day by day, I know that crypto and banks will have conflicts in the future but government will have more studies about this issues.

[ceylan]

as i know governments are interested in collecting part of your Cryptocurrency investments as tax, but however it's difficult for them became of the decentralization  ..
that's why governments are so scare about crypto

[MainIbem]

Much as we know that the government functionaries are not always sincere, but they are having what seems to some as a "divine" mandate. (Rom. 13: 1 - 7) So the controls they put in place is actually not out of place. However, there are extreme situations especially in the countries with extreme religious practices. You will find the government activity really appealing in such circumstances reported in this article. https://www.forbes.com/sites/jayadkisson/2018/01/29/bitcoin-cryptocurrency-and-the-government-regulation-paradox/#622820253531. If you are on the other side of the story, you will appreciate what the government is doing.

But as said in earlier posts, you are safe because of blockchain and cryptocurrency because no one can touch your asset kept in your wallet. The only thing is to restrict your access to the internet which is remote.

[bobitza]

We have a reason to be afraid of cryptocurrencies as they favor banks--the enemy of decentralization, that is the core of most of the cryptos. They are also a threat to exchanges like what happened in china.

Many new projects are being developed, which support the exchange of digital currency and fiat currency, just like an digital money bank, they can be integrated. .

[Bakemat]

We have a reason to be afraid of cryptocurrencies as they favor banks--the enemy of decentralization, that is the core of most of the cryptos. They are also a threat to exchanges like what happened in china.

Many new projects are being developed, which support the exchange of digital currency and fiat currency, just like an digital money bank, they can be integrated. .

Yes you are right, since the projects of ico's are always improving then the competition in the market is keep on tightening then obviously, government should be scared because people will be relying to cryptocurrency if they are going to get more profit or income from it.

[boblets243]

That is also one big factor why people in ASIAN countries are so poor because of their governments. Instead of helping their people, they are also the one who's pulling them down. But when it comes to securing wallet accounts, it is very secured and it cant be open without private keys. Just pray that one day someone make a change.

I agree, most countries are suffering on the 3rd world country because of the corrupt government. Also,
I think some of the government are afraid or hesitant to embrace crypto because they are very comfortable with the current system where they resist change. A greater resistance is experienced for a corrupt government. Of course, they don’t want their transactions to be affected.