[IFO]Why Governments Are Afraid of Bitcoin

[YOSHIE]

I see these two news sources that there are acts of attraction for ordinary people, politics, bitcoin and the government, manipulating and frightening the weak people, from one side "the Government is Afraid of Bitcoin" from the other side "Peace Revolution".

So, in my mind the community for now does not need to be afraid of investing in Cryptocurrency like Bitcoin, if seen from the development of the modern and sophisticated era I think the community must follow (A most peaceful revolution). And think ahead for the future.
means:
quote
"People should not be afraid of their governments. Governments should be afraid of their people."

If you read the contents of the article (A most peaceful revolution).
I am sure you will get excited and think very positively to the existing Bitcoin.

The government's reason for me not to go in too much.
Example:
quote

Code:

Crime Concerns

So much has been written about virtual currency and crime, that it is enough to recap the issue by stating that untraceable financial transactions facilitate crime. Drug trafficking, prostitution, terrorism, money laundering, tax evasion, and other illegal and subversive activity all benefit from the ability to move money in untraceable ways. The now-defunct Silk Road online drug market is a case in point. Its founder credits Bitcoin for its success.

Link: https://www.investopedia.com/articles/forex/042015/why-governments-are-afraid-bitcoin.asp,
Link: https://medium.com/@nic__carter/a-most-peaceful-revolution-8b63b64c203e

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[BALIK]

To say that Silk Road was only successful because of Bitcoin is pretty ridiculous, considering that there were several anonymous payment methods around at the same time, or has everybody forgotten about Liberty Reserve?

Only non-democratic governments are afraid of Bitcoin. Although fiat currencies are a necessary instrument as it stands, they are also a way to control the population, while providing an easy way to track the progress of the economy and the activities of particular people. This surveillance type behavior is most common in less developed countries that really try to enforce an iron-grip on the citizens.

However, developed countries know that Bitcoin, and its underlying tech is the future of the global economy, hence why no major country has ever even hinted towards banning it.

[semobo]

"People should not be afraid of their governments. Governments should be afraid of their people."

But in reality the opposite is happening and only people who are financially better can give orders to the government,just common man's request will be denied at most places.

[squatz1]

To say that Silk Road was only successful because of Bitcoin is pretty ridiculous, considering that there were several anonymous payment methods around at the same time, or has everybody forgotten about Liberty Reserve?

Only non-democratic governments are afraid of Bitcoin. Although fiat currencies are a necessary instrument as it stands, they are also a way to control the population, while providing an easy way to track the progress of the economy and the activities of particular people. This surveillance type behavior is most common in less developed countries that really try to enforce an iron-grip on the citizens.

However, developed countries know that Bitcoin, and its underlying tech is the future of the global economy, hence why no major country has ever even hinted towards banning it.

I mean. There's no other currency which would have allowed silk road to function properly. Liberty reserve was shut down by the US government, which showed a flaw of being centralized.

Bitcoin was the only way that these online areas could flourish, as it can't be shutdown by the US gov.

[NoFace01]

The government encourage centralization. Bitcoin helps you to have full control of your asset, many people might be afraid to invest in it, it is really gaining stability over the years. Over the last 2 months, it has not gone below $9000. The sooner the government encourages its people to use it, the sooner people can own their own money.

[squatz1]

The government encourage centralization. Bitcoin helps you to have full control of your asset, many people might be afraid to invest in it, it is really gaining stability over the years. Over the last 2 months, it has not gone below $9000. The sooner the government encourages its people to use it, the sooner people can own their own money.

The price is something that many people care about, but it's not something that truly should be worried about. I'd much rather a stable $9000, then Bitcoin running up and down all the time -- because there's no way a currency is going to be able to be used on the world scale if it goes up from 3500 to 20000 then back down to 9000 and then keeps running around.

In the end, people want some sort of stability.

Governments are able to control the narrative about Bitcoin because of the fact that yes, bitcoin is used on illegal online sales (if we want to admit it or not) and yes, bitcoin fees are present and people hate fees, and yes confirmation times are slow sometimes, and so on and so forth. We need to fix these problems before we start saying that we're going to take over fiat easily.

[qwertyup23]

The government is being cautious not to repeat what happened in Silk Road when transactions were unable to be tracked, causing illegal purchases and money laundering. On the contrary, bitcoin impacts the economic positively. Decentralization may be the next generation of transactions via the blockchain wherein it eliminates the need for banks in storing our resources.

The government encourage centralization. Bitcoin helps you to have full control of your asset, many people might be afraid to invest in it, it is really gaining stability over the years. Over the last 2 months, it has not gone below $9000. The sooner the government encourages its people to use it, the sooner people can own their own money.

The price is something that many people care about, but it's not something that truly should be worried about. I'd much rather a stable $9000, then Bitcoin running up and down all the time -- because there's no way a currency is going to be able to be used on the world scale if it goes up from 3500 to 20000 then back down to 9000 and then keeps running around.

In the end, people want some sort of stability.

Governments are able to control the narrative about Bitcoin because of the fact that yes, bitcoin is used on illegal online sales (if we want to admit it or not) and yes, bitcoin fees are present and people hate fees, and yes confirmation times are slow sometimes, and so on and so forth. We need to fix these problems before we start saying that we're going to take over fiat easily.

If the price were to be stable, then people would disregard bitcoin as an investment alternative. Its high-volatility is what makes it attractive to investors as the returns are significantly larger compared to other investment mechanisms present. But I doubt that bitcoin would replace the fiat system considering the limitations it pose to certain users.

[iamsheikhadil]

Government fears Bitcoin because they run a business in the name of nationalism and that nationalism is connected to the preference they give to their own currency. Bitcoin is like a decentralized platform that connects the world, which is globalism in their eyes as it gives equality, that goes against their nationalism interest and hence they are afraid of it. But they can't do anything,

[squatz1]

The government is being cautious not to repeat what happened in Silk Road when transactions were unable to be tracked, causing illegal purchases and money laundering. On the contrary, bitcoin impacts the economic positively. Decentralization may be the next generation of transactions via the blockchain wherein it eliminates the need for banks in storing our resources.

The government encourage centralization. Bitcoin helps you to have full control of your asset, many people might be afraid to invest in it, it is really gaining stability over the years. Over the last 2 months, it has not gone below $9000. The sooner the government encourages its people to use it, the sooner people can own their own money.

The price is something that many people care about, but it's not something that truly should be worried about. I'd much rather a stable $9000, then Bitcoin running up and down all the time -- because there's no way a currency is going to be able to be used on the world scale if it goes up from 3500 to 20000 then back down to 9000 and then keeps running around.

In the end, people want some sort of stability.

Governments are able to control the narrative about Bitcoin because of the fact that yes, bitcoin is used on illegal online sales (if we want to admit it or not) and yes, bitcoin fees are present and people hate fees, and yes confirmation times are slow sometimes, and so on and so forth. We need to fix these problems before we start saying that we're going to take over fiat easily.

If the price were to be stable, then people would disregard bitcoin as an investment alternative. Its high-volatility is what makes it attractive to investors as the returns are significantly larger compared to other investment mechanisms present. But I doubt that bitcoin would replace the fiat system considering the limitations it pose to certain users.

I understand the only reason you're here is to spam for your signature campaign.

But -- you do understand that the point of bitcoin is to be used a currency, not as a speculative asset. Satoshi wanted to create a P2P electronic online currency, with no single entity in centralized control of it at all. That's what the point was, and that's what we should be striving for.

Nothing relating to price is ever going to effect adoption.

[Daniel91]

In general, governments are struggling with what they cannot control, especially when it comes to money and the possibility that criminals can abuse it or users can try to avoid paying taxes.
However, not all governments and countries can be viewed equally.
Some are more open to these ideas and some are less open.
For example, recently in my country state owned post office introduced new customer service: ''Crypto exchange'' 

[BUK2016]

Most government are not in support of Bitcoin to be used in their country because it may become the safe heaven the for people on the underworld who are looking for easy ways to do hidden financial transaction with the knowledge of the government authority to either tax or restricte there are activities so that whatever they do will be according to the law of the land.

[pishite]

I see these two news sources that there are acts of attraction for ordinary people, politics, bitcoin and the government, manipulating and frightening the weak people, from one side "the Government is Afraid of Bitcoin" from the other side "Peace Revolution".

So, in my mind the community for now does not need to be afraid of investing in Cryptocurrency like Bitcoin, if seen from the development of the modern and sophisticated era I think the community must follow (A most peaceful revolution). And think ahead for the future.
means:
quote
"People should not be afraid of their governments. Governments should be afraid of their people."

If you read the contents of the article (A most peaceful revolution).
I am sure you will get excited and think very positively to the existing Bitcoin.

The government's reason for me not to go in too much.
Example:
quote

Link: https://www.investopedia.com/articles/forex/042015/why-governments-are-afraid-bitcoin.asp,
Link: https://medium.com/@nic__carter/a-most-peaceful-revolution-8b63b64c203e

Basically, it all comes down to anonymity, since there is no way to track user transfers, which leads to the concealment of their funds and not paying taxes.
Taxes received from the people, the state is developing its economy, although in fact this money is spent by officials on themselves.
But their favorite utterance is the financing of terrorism.

[Ayapp]

Government will always be afraid of anything that they can't control with their centralized institutions and this is the reason why they will always hate Bitcoin because it is a threat to their fiat currency which they control and also manipulate. Money is powerful and they see Bitcoin as an innovation in the concept of money that will take this power from them and give it to ordinary people like us.