Is the government really scary?

[Domithra]

Although the central authority of a state is given to the governments to rule the affairs of the state, Bitcoin acts on a different principle which eliminate all centralization. The decentralized nature of Bitcoin works in favour of the people, thus takes the power and control over their own financing back to the people  and once the people accept to continue to trade with BTC, the governments have little influence on ceasing the transactions.

[bhm45]

I dont think that any government can kill us for the purpose of using the crypto currencies. I think it is just very wrong or misleading to think about any government like that. Im not saying that I support government but im saying that because if government is in place then only we can see some light in the country or big infra structure and all the facilities around us. I guess it is more than perfect if we work in collaboration with them always. For example, pay the taxes if the system says that to you and everything will be all right! Keeping everything simple can benefit us and government too.

[blue]

Yes government scary on Bitcoin, All governments moving people's taxes . So people's if using Bitcoin governments loss many taxes and Bitcoin transactions monitor is very difficult.

[Deffobit]

I think that given the current trading volumes, they are not afraid of cryptocurrencies, for them it is too small numbers.

[Watu_pawon]

it's true that bitcoin governs itself and the government has little influence, but I think the influence of the government is sometimes very frightening if it is an influential state government.

[Nestle]

I think is bitcoin will last? because each year the new rules of the government. I am not sure crypto will survive in conditions the number of rejection occur in this year.

[dekafee79]

Although the central authority of a state is given to the governments to rule the affairs of the state, Bitcoin acts on a different principle which eliminate all centralization. The decentralized nature of Bitcoin works in favour of the people, thus takes the power and control over their own financing back to the people  and once the people accept to continue to trade with BTC, the governments have little influence on ceasing the transactions.

Yes, I.think so, The government is really scary about crypto currency. Because the government cannot control crypto over.

[siKING]

the governments have little influence on ceasing the transactions

for now it's totally wrong,because the goverments have a lot of influence.
why ? because it's yet to be used as a 'real currency' and it has no value if the goverments ban this(legalization).

[Moykoy]

people accept to continue trading with BTC, the government has little influence to stop transactions. Even though the central authority of the state is given to the government to regulate state affairs, Bitcoin acts with different principles which eliminate all centralization.

[bossgams01]

Although the central authority of a state is given to the governments to rule the affairs of the state, Bitcoin acts on a different principle which eliminate all centralization. The decentralized nature of Bitcoin works in favour of the people, thus takes the power and control over their own financing back to the people  and once the people accept to continue to trade with BTC, the governments have little influence on ceasing the transactions.

There some instances that the government want to ban crypto because of the reports that it is used in illegal transactions but it doesn't mean that their moves will cause to be scared, it is their prerogative to make sure that their country is safe from any threats of destruction.

[Meysa123]

it's true that bitcoin has its own way of regulating its freedom, and the government has little influence but it can also affect the price of bitcoin.

[owmivmen]

The scary thing is if the government makes regulations that prohibit transactions and use bitcoin. everyone will experience a loss at that time. I hope bitcoin always exists and grows every year.

[Master107]

The pressure is on the government because they would like to have some part in crypto specially in terms of collecting funds from crypto related transactions.

[densus88]

Although the central authority of a state is given to the governments to rule the affairs of the state, Bitcoin acts on a different principle which eliminate all centralization. The decentralized nature of Bitcoin works in favour of the people, thus takes the power and control over their own financing back to the people  and once the people accept to continue to trade with BTC, the governments have little influence on ceasing the transactions.

The reason why the government is really scary, because many investor prefer invest in crypto than banks.

[The Translator]

I think the government is not a barrier for me, because there is no effect at all in this business in Bitcoin. although now many countries do not recognize their Crypto, but Crypto remains popular, let alone Bitcoin. and every day Bitcoin users and Miners increase.