Why does the government hate bitcoin?

[ginobitcoiner]

does a country's government hate bitcoin? As far as I know, the situation is not as bad as you mentioned, they only keep the people from losing money if they join the world of crypto currencies including bitcoin.
this is only an attempt by the government to care about the people and the economy of their country.

[Coltpython]

You don't want to underestimate the power of control. You see governments peg prices of their currencies and they can manipulate it at will as long as they own control over the creation  of new notes and fiat. So introducing decentralization means yanking out that hold they have over their currency so that it becomes almost impossible for them to manipulate it at will. Governments will continue to fight against bitcoin and crypto until they can find a way to exercise power and control over it through regulations

[Shafiqul Islam]

Bitcoin and governments two opposite factors in cryptocurrencies world because some countries governments don't control bitcoins over their fiat money.and their banking systems also don't control virtual currency.

[sirojuddin]

I am more convinced of the reason they reject bitcoin because bitcoin does not provide any income to the government. whereas in fact bitcoin is very beneficial to the government.

[xfaqs01]

i think the government doesnt hate it its the fed the banks the elites the oligarchs hate it, government just want to regulate bitcoin to protect the people from scams and fraud, thats it

[Anatoly339102]

I disagree that all governments hate bitcoin. There are countries where bitcoin is loved. Some governments are afraid of btc because btc can replace national currency and bitcoin cannot be controlled by only one country or group of countries. Bitcoin is a world heritage))

[RokokGudangGaram]

does a country's government hate bitcoin? As far as I know, the situation is not as bad as you mentioned, they only keep the people from losing money if they join the world of crypto currencies including bitcoin.
this is only an attempt by the government to care about the people and the economy of their country.

if in my opinion what you say is wrong if you join the crypto world like bitcoin it can get rid of money, because in any investment or trading anything there is a certain risk but if bitcoin is indeed a big risk but the results will also be large. so what is feared by the government is that if bitcoin is legalized it will be a lot of unscrupulous individuals who purge state money in bitcoin

[BlackPanda]

Many countries are worried because crypto has very high fluctuations so that it can create economic chaos in their country.
whereas if there is a regulation that regulates crypto, I am optimistic that crypto will have stability.
At present the crypto world needs support from the government and when there is no support from the government, crypto will not develop much better.

[phelbaby]

The government hate bitcoin because they see it as not a legal currency, they also have the fear that it will over throw fiat currency and bitcoin holders can, t be tax.

[Raju Ahammed]

Goverment hate bitcoin because they thinks if bitcoin permit in there country there currency will fall down for it.
They also thinks lot's of people will involbed with bitcoin crypto currency and they don't use there local currency in there work. that's why they face a large problem .When people use bitcoin like there local currency they don't have to give any fees of any transection to the government.It's not controlled by any contry , because bitcoin belongs world wide,thank you.

[Bugatti73]

I think that the main reason for being in their stupidity and not wanting to make this world a better place. They, like other people, are simply afraid of what they do not understand.

[42K]

There are so many reasons why the government hate or frowns at Bitcoin and cryptocurrency in general but the main reason is that they know it is going to has a great future and they don't have control over it since its decentralized. 

[ljane]

Those people hating the coins are the people who trade in high quantities. The government or people in government are buying BTC but will tell people not to invest into it. I think the reason why they are doing that is because of its decentralized nature.

[cxmyifan16]

I don't think that hate is the wrong word i would say that they are afraid that btc will replace the standard money system and they will have to adjust to new changes. i think with time they will adjust to btc

[94K]

Some governments do not accept BTC but others do. I think those who do not accept is has seen that it has not centre man and therefore they will get nothing from it that why they are taking that steps against it.

[SnapDown22]

because bitcoin was born from someone who was made not from the government that for bitcoin wanted to make it easier to work and earn a living how not to go through government departments and satoshi develops and when this happens the government doesn't like it because the jealousy of bitcoin is growing every year and maybe it could be a government loss and at that time the government hated bitcoin in my opinion so much and thank you

[bloodyvio]

they cannot track every transaction and cannot tax
FYI tax is one of the income of each country
that's why the government does not want to lose one of the country's revenues
and always against bitcoin

[SlickMoTwoToe]

does a country's government hate bitcoin? As far as I know, the situation is not as bad as you mentioned, they only keep the people from losing money if they join the world of crypto currencies including bitcoin.
this is only an attempt by the government to care about the people and the economy of their country.

They not really hate Bitcoin, Some countries are not yet ready for adopting it , that is why they are not using it, and they don't have enough knowledge on blockchain they are just protecting their people to avoid being scam, if they have enough knowledge for it then I'm sure that they will adopt the bitcoin and if they know it will help the economy of their country.

[Quidat]

Bitcoin and fiat currency should collaborate in order for them to work effectively and i don't agree with that point where we would replace fiat with a one global currency which is bitcoin.

Decentralized and centralized is too far different to explain why these two should not be replaced they should both work as a centralized but decentralized money, so that it could work effectively to all of the country.

But things like this doesn't always go easily as it is just a plan and it will need someone who can push it to the top of the market.

[ojotoyo10]

does a country's government hate bitcoin? As far as I know, the situation is not as bad as you mentioned, they only keep the people from losing money if they join the world of crypto currencies including bitcoin.
this is only an attempt by the government to care about the people and the economy of their country.

They not really hate Bitcoin, Some countries are not yet ready for adopting it , that is why they are not using it, and they don't have enough knowledge on blockchain they are just protecting their people to avoid being scam, if they have enough knowledge for it then I'm sure that they will adopt the bitcoin and if they know it will help the economy of their country.

That's because regulations for the use of bitcoin are not made, so many people are afraid to do bitcoin transactions. Maybe there should be a school that focuses on learning about blockchain.