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Author Topic: Please stop blaming "the government" for lack of Bitcoin mass payment adoption  (Read 594 times)
NeuroticFish
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March 09, 2024, 08:16:52 AM
 #61

As of now, many countries let their citizen invest in Bitcoin but with caution because there are still some scammers who are convincing them to invest in their Ponzi Schemes and other scam projects. if only not for these people, we would be free and not get much attention from the government but because they always create some kind of problems that always involve money and huge numbers of victims, they put tight and complicated requirements just to create an account in our local exchanges which was not the case before back then.

If govt would care about that, would help educating people. Because yes, there are so many hyip and other scams around it's hard to see the correct way. Plus so many altcoins promising this and that.
Plus, even Bitcoin is a tough topic, with so many Bitcoin Whatever coins and also Wrapped (or not) Bitcoin tokens, an individual can too easily get scammed.
But banning is imho not about that. It's more about taxes and other political decisions (if individuals are allowed, companies will want too, and then proper regulations are needed, which are more difficult).

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March 09, 2024, 09:50:43 AM
 #62

As of now, many countries let their citizen invest in Bitcoin but with caution because there are still some scammers who are convincing them to invest in their Ponzi Schemes and other scam projects. if only not for these people, we would be free and not get much attention from the government but because they always create some kind of problems that always involve money and huge numbers of victims, they put tight and complicated requirements just to create an account in our local exchanges which was not the case before back then.
But if we are not greedy and have no idea of getting rich quickly, how can scammers deceive us? And is that really the main reason why governments don't like bitcoin and even many countries ban it just to protect their citizens? Are they protecting their citizens or for their own benefit?

You invest in cryptocurrency, do you pay taxes and comply with the law? I think that's why many governments don't like bitcoin. But I think we're off topic because the OP's question was about bitcoin not being used as a means of payment, a currency  Grin Grin.

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March 10, 2024, 04:03:54 AM
 #63

Not all governments are against bitcoin and its adoption - while many governments support and give permission for its adoption and trading. Some countries do not legalize bitcoin completely - they prohibit its adoption, but allow users to trade and invest in it.

The growth of the crypto industry has very likely pushed governments to open up the space and adjust their regulations to be more profitable – not just for the industry, but also for themselves. I've read that wikipedia article a long time ago and of course there have been a lot of changes that have occurred over time. Legality is a major issue hindering adoption growth – but adoption need not be forced.

Bitcoin's adoption need not to be forced,bitcoin is helping you,me and all of us,bitcoin is not helping itself.Bitcoin is open to all,Its a decision to be precise.Just like you earlier stated that some countries are against bitcoin adoption,while some are not.
 
 Most bloggers and business practitioners/financial consultants would not promote bitcoin this way if it were really a bad choice or a Ponzi Scheme and the likes.The good truth is that the crypto market has turned every challenge into an opportunity,since it's existence so far.Even with all the difficulties to global adoption.
 
The value of cryptocurrencies can change rapidly and unpredictably, which could lead many to financial stability and wealth.The government have chosen to use bitcoin's unbalanced high volatility as an obstacle.

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