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Author Topic: The real reason American government hates Bitcoin  (Read 3571 times)
crazynoggin
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March 30, 2014, 06:36:18 PM
 #41

Two prominent reasons why a government may not like Bitcoin are;
1) Bitcoin can't be as fully regulated as the USD or any standard fiat currency can opening it to more nefarious purposes.
2) Banks and companies that make tons of money with the insane fees they charge to move fiat may feel threatened and tell their lobbyists to try and get the politicians to look down on Bitcoin.

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hypostatization
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March 30, 2014, 06:49:46 PM
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Is there compelling evidence that 'the US government hates Bitcoin'?

I have not heard anything concrete that suggests that is anything other than a paranoid fantasy. I am genuinely interested.

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March 30, 2014, 09:12:21 PM
 #43

Is there compelling evidence that 'the US government hates Bitcoin'?

I have not heard anything concrete that suggests that is anything other than a paranoid fantasy. I am genuinely interested.
Have you read any news stories from American press the last few years? Sure, hate may be an overgeneralization with a hint of hyperbole, but it expresses the perceived sentiment.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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March 30, 2014, 09:26:42 PM
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Is there compelling evidence that 'the US government hates Bitcoin'?

I have not heard anything concrete that suggests that is anything other than a paranoid fantasy. I am genuinely interested.
Have you read any news stories from American press the last few years? Sure, hate may be an overgeneralization with a hint of hyperbole, but it expresses the perceived sentiment.

I have read many articles.

Are you saying that the press is negative toward Bitcoin or the government?

I hear a perceived sentiment of the US government hating Bitcoin---from the Bitcoin community. I am confused why that perception exists.

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CrossCoin Ventures startup accelerator - offering XRP funding up to $50,000 USD equivalent
Robert Paulson
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March 30, 2014, 09:38:10 PM
 #45

The American government hates bitcoin because they can't print more of it.
they are deeply dependent on the fed's ability to print money in order for them to impose the stealth inflation tax (https://en.wikipedia.org/wiki/Inflation_tax).
if bitcoin goes mainstream no one in their right mind will want to use USD except to pay taxes and the USD will lose its value.
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March 31, 2014, 02:10:27 AM
 #46

Why does everyone think that if you spend a Bitcoin there will be a freaking IRS Agent contacting you for their cut?  They are barely equipped and trained to handle their current responsibilities.  Now, all of a sudden, there will be IRS ninjas popping out of your computer?  Such paranoia!  

If I find a dealership that will take Bitcoins, and I buy a vehicle using Bitcoins, they have absolutely no obligation to contact anyone but the vehicle registration office to transfer the title.  Where the hell does the IRS come in to this?  Are vehicle dealers now authorized undercover IRS agents?  The imagination is a crazy thing I guess.

There is some crazy, baseless bullshit being spread on this board.

I'm not saying this to be sarcastic, but some of us legitimately just want to obey the law regardless of the likelihood of one getting caught for breaking it. We do have a process in this country for adding and removing laws as necessary. When people start deciding that they can pick and choose which laws apply to them, it's a very slippery slope and you can run into a major crisis pretty quickly.

Frankly, if even 75% of people were totally honest on their taxes and didn't try to cheat out of paying some of what they technically owe, the IRS wouldn't be so aggressive and wouldn't feel the need to create a thousand rules. The problem is people aren't that honest.
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March 31, 2014, 02:28:18 AM
 #47

"Trust In God"
Didn't work so well for the Liberty Dollar.

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