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Author Topic: What will happen if Bitcoin gets official permission from the government...???  (Read 2302 times)
Zainal-baguz
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October 27, 2018, 04:03:48 PM
 #181

what is certain is that the names of bitcoin and altcoin are increasingly fragrant and more and more people are investing in the digital world of bitcoin, bro. With so much support for sure the price of bitcoin is getting higher into the air ..

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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Tnt1971
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October 27, 2018, 04:07:23 PM
 #182

If governments and banks permit bitcoins as their legal currencies,it would be highly potential for bitcoins traders and investors.because of legal currencies, bitcoins use as payments systems besides fiat paper currency.all transactions are oftenly occurs by bitcoins centralised currencies.

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October 27, 2018, 04:19:07 PM
 #183

Bitcoin is an independent Cryptocurrency that no other third party takes advantage of transactions from two sides. This is a peer to peer transaction conducted by sellers and buyers only. Cryptocurrency transactions do not need to be identified or verified by the recipient of the funds when the funds are sent, that is what makes many people choose to use bitcoin.

Does the government mix in managing transactions for each user?

If the government mixes in managing transactions, will they take advantage of every transaction Huh

What is your opinion.?
If this happen,, i think this is good,,, but government cant control bitcoin network. Many Process and Legal documents to issue ,, but i hope this will happen, many imvestors will invest in bitcoin because the government accept and have permission to used bitcoin.

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October 27, 2018, 06:34:49 PM
 #184

I think if the government accepts bitcoin, the more people adopt bitcoin, bitcoin is easier to use as a payment tool, and of course the government will impose a tax on the bitcoin owner.

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Cassy14
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October 27, 2018, 06:40:50 PM
 #185

If bitcoin will get the official permission on every governemnt of the world...
then many merchants will be accepting the coin all over the world.
there will be a massive adoption from people.
the demand will rise and the price will be really good.
Cryptoreflector_666
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October 27, 2018, 07:54:02 PM
 #186

Bitcoin is an independent Cryptocurrency that no other third party takes advantage of transactions from two sides. This is a peer to peer transaction conducted by sellers and buyers only. Cryptocurrency transactions do not need to be identified or verified by the recipient of the funds when the funds are sent, that is what makes many people choose to use bitcoin.

Does the government mix in managing transactions for each user?

If the government mixes in managing transactions, will they take advantage of every transaction Huh

What is your opinion.?

My opinion is that the government can use any information regarding bitcoin or the blockchain system as a whole, as the blockchain is completely transparent and more than accessible to everyone. Will governments be able to use this data to their advantage? Probably not, since the bitcoin blockchain and provide full security and anonymity

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October 28, 2018, 12:43:37 AM
 #187

I think that would be wonderful for all of us and the ofcourse cryptocurrency market. But i don't think that would happen in these days. Everything in unsure and everyone saying another things. Goverments never say something clearly.. I think they don't really know what to say and how to act.
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October 28, 2018, 12:56:54 AM
 #188

Bitcoin is an independent Cryptocurrency that no other third party takes advantage of transactions from two sides. This is a peer to peer transaction conducted by sellers and buyers only. Cryptocurrency transactions do not need to be identified or verified by the recipient of the funds when the funds are sent, that is what makes many people choose to use bitcoin.

Does the government mix in managing transactions for each user?

If the government mixes in managing transactions, will they take advantage of every transaction Huh

What is your opinion.?
Does the anonymity of bitcoin really anonymous in reality? Maybe it's just a difficult quest in which we believed all together, considering it something difficult to understand to our level of consciousness and public opinion. There is no certainty that with a transaction you are not sending full access to your resources - this is the digital world - here is illusory and unreliable!

 
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Ethan Argu
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October 28, 2018, 12:25:38 PM
 #189

Everything is unsure. We all knownsome goverment are corrupted if they allowed to manage crypto i think many people will create speculations how they handle crypto theres a possible chance to put a tax for every transaction made.

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October 28, 2018, 12:52:01 PM
 #190

For me, if bitcoin will get official permission from the government it will be a disaster to the person who wants to invest in bitcoin. I said that because the government will have its control in bitcoin and knowing people's data information.
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October 28, 2018, 01:40:56 PM
Last edit: October 28, 2018, 01:51:00 PM by ellehcar
 #191

Does the government mix in managing transactions for each user?

If the government mixes in managing transactions, will they take advantage of every transaction Huh

What is your opinion.?

This is one reason why the government fears and interferes in the worldwide adoption of bitcoin. They wanted to interlope with its every transaction; it's just that they can't figure out yet how! We all know for a fact that one good thing about bitcoin is its decentralization, which gives power to the mass. If bitcoin goes mainstream without the interference of the government, living up to its very principle of full anonymity and core innovation, then how could the government earn from us? They will obviously lose power over the economy. Of course, they simply won't let us evade taxes using bitcoin. So apparently, this is the main reason why they keep on opposing bitcoin despite its benefits.
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October 28, 2018, 01:51:49 PM
 #192

This is one reason why the government fears and interferes in the worldwide adoption of bitcoin. They wanted to mingle with its every transaction; it's just that they can't figure out yet!

They want to know everything about the money flow. For good reasons (terorism), for possibly good reasons (find tax evasion), for not so great reasons (general surveillance)...
With Bitcoin this is sometimes possible already, with the help from Exchanges (KYC). The only possible barrier is the mixers, but it may not be as big barrier as some would think.

If bitcoin goes mainstream without the interference of the government, living up to its very principle of decentralization, then how could the government earn?

Governments will still earn in the same way as today, from taxes. Bitcoin may help people avoid taxes, but it's not in such big amounts it would hurt the governments...

They will obviously lose power over the economy of its nation. So apparently, this is the main reason why they keep on delaying

Bitcoin will not replace local currencies. It will be just another coin in the world. A very small number of countries may adopt it, but even that is hard to believe. So no, governments will lose nothing.
The ones losing are the commercial banks. They will lose some parts of the market share and they'll have to make some of their services much cheaper. And banks have money for lobby. There is where the problems start...

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October 28, 2018, 02:06:48 PM
 #193

Bitcoin is an independent Cryptocurrency that no other third party takes advantage of transactions from two sides. This is a peer to peer transaction conducted by sellers and buyers only. Cryptocurrency transactions do not need to be identified or verified by the recipient of the funds when the funds are sent, that is what makes many people choose to use bitcoin.

Does the government mix in managing transactions for each user?

If the government mixes in managing transactions, will they take advantage of every transaction Huh

What is your opinion.?
But in fact we get that already at the current rate of elementary retail trade with the use of the cue ball becomes unprofitable. I. e.Yes, we get a sort of thing in ourselves.
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October 28, 2018, 02:43:16 PM
 #194

Bitcoin is an independent Cryptocurrency that no other third party takes advantage of transactions from two sides. This is a peer to peer transaction conducted by sellers and buyers only. Cryptocurrency transactions do not need to be identified or verified by the recipient of the funds when the funds are sent, that is what makes many people choose to use bitcoin.

Does the government mix in managing transactions for each user?

If the government mixes in managing transactions, will they take advantage of every transaction Huh

What is your opinion.?
I think the government does not have time to take care of or disrupt the problem of bitcoin transactions, because the government does not support the use of bitcoin. So don't ever think that the government will interfere in the management of bitcoin.
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October 28, 2018, 03:36:56 PM
 #195

I think if the government has legalized bitcoin it will give bright hope to crypto users, besides that it will give some effects in the form of taxes that will be applied, such as transactions, exchanges and withdrawals to fiat money.
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October 28, 2018, 03:54:50 PM
 #196

Bitcoin is an independent Cryptocurrency that no other third party takes advantage of transactions from two sides. This is a peer to peer transaction conducted by sellers and buyers only. Cryptocurrency transactions do not need to be identified or verified by the recipient of the funds when the funds are sent, that is what makes many people choose to use bitcoin.

Does the government mix in managing transactions for each user?

If the government mixes in managing transactions, will they take advantage of every transaction Huh

What is your opinion.?

The government can't control transactions what make a bitcoin unique. Bitcoin gives independence and freedom from any transaction tracking. This technology keeps bitcoin and its users really private that gives it a trust and the feeling of safety.

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October 28, 2018, 04:01:44 PM
 #197

it will be good if government will give permission for the future currency to get in charge it is future currency you have to invest in it
everyone has to invest in it 
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October 28, 2018, 04:10:05 PM
 #198

In my opinion, if bitcoin gets offical permissin from the goverment in the whole world.Bitcoin will get the big more platform to rise.People will do there every work by bitcoin crypto currency, such as they can pay there shopping bill with bitcoin, thay also can deal with any work with bank or goverment issues and students also can pay there tution fees by bitcoin crypto currency etc.Many country has ATM access with bitcoin ,that's why they can convert there bitcoin in to there local currency any time.If bitcoin accept any goverment people can do anythin by bitcoin in those country,thank you.

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October 28, 2018, 06:29:24 PM
 #199

If bitcoin get official permission from the government then you come under that country rulings and you can use it without any fear and you have to pay taxes on the earnings from your trading or holding as per their laws.
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October 28, 2018, 06:35:52 PM
 #200

Bitcoin is an independent Cryptocurrency that no other third party takes advantage of transactions from two sides. This is a peer to peer transaction conducted by sellers and buyers only. Cryptocurrency transactions do not need to be identified or verified by the recipient of the funds when the funds are sent, that is what makes many people choose to use bitcoin.

Does the government mix in managing transactions for each user?

If the government mixes in managing transactions, will they take advantage of every transaction Huh

What is your opinion.?
When the government accepts Bitcoin, it means that scammers must stay out of the market and manipulative organizations will be tightly regulated. I always hope this will happen because we need a stable market.

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