Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: ambar33n on July 09, 2018, 01:28:36 PM
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I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. dash or laundry systems) : this is governments worst nightmare, isn't it ?
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Yeah, the government and banking industry have been quietly fighting it for the past few years. I think they know they can't win ultimately but still gotta try anyways.
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Yeah, the government and banking industry have been quietly fighting it for the past few years. I think they know they can't win ultimately but still gotta try anyways.
Yes I have come across a bit news stating this but it is against them anyway but in favor of general public.
lets see who wins hehhe ;D
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As it is a more BUZZ question, it is really hard to give the right answer. Because there is the legal reason from the governmental side.
You can see that by using bitcoin criminal can have privileges. And also there is a money laundering issue.
This two fact making bitcoin illegal to the government.
I don't know what is the best solution for it.
:)
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yes but it is also profitable to general innocent public :D ;D
just trade and have profits and chill. what say?
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yes but it is also profitable to general innocent public :D ;D
just trade and have profits and chill. what say?
That is good that we are having good profit. But to live in a better society and world we need to keep secure our world/society.
I think if the government let it go like that it may bring serious harm later to the ecosystem of the economy. There must be balance everywhere. Even if you see our world also keeps balance by nature.
There must be a good agreement between the government and all digital cryptocurrency.
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if there would be an agreement, govts would be at peace but they're still not sure about banning it or letting it go.
and yes I agree with you
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if there would be an agreement, govts would be at peace but they're still not sure about banning it or letting it go.
and yes I agree with you
Yes, govts would be at peace and we will also get relief from the fear of getting ban. Within this month a few steps has taken by US government to look after the money laundering issue. Also, The south Korean government are positive to accept crypto within its regulations. So, there are lots of positive and negative signal out three.
So, let's wait and see the drama. :) and within this time have some profit from crypto.
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hehehe! there is a threat to economy as it is not easily traceable and tax issues are pending in some countries so yeah lets sit back and enjoy the updates while still making profit. :D
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Ambar You are absolutely right. War governments and banks with a turnover of bitcoin is inevitable. Initially, the government did not attach importance to this problem, and now it's too late. The world is not unipolar and a ban in one state would cause all the money will go to another state. The cat will go for it? The government just don't know what to do with bitcoin. This is the calm before the storm.
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Сама философия биткойна не подразумевает банки и правительство. Что бы не зависить от них и на прямую обмениваться ценными активами.
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not gan. bitcoin already received in some countries even already authorized and legitimate if in use for transactions such as banknotes such as in Germany. but some countries still think bitcon is illegal .
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Cryptos are very small in terms of their volume on the market, so governments don't pay much attention to them and there is no threat perception. At least for now, but this situation can change in future. If they start to see it as a threat, they will immediately qualify as illegal.
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I feel that the majority of countries in the world do not see bitcoin as a threat, but instead they see it as something revolutionary.
Making illegal bitcoins is not something they want to make. Most countries do not see the danger in bitcoin. The problem with government and bitcoin is the government's inability to regulate bitcoin as they see fit, which is why bitcoin is always a threat to them. I believe in the near future the way will be taken to set the bitcoin and not declare it illegal
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The G7 member states at a recent summit determined that cryptocurrency does not pose a threat to the global financial system. That is, the states do not yet consider it necessary to fight the cryptocurrency. If they jointly want to do this and together establish criminal liability for its use with a simultaneous practical complete ban, then the cryptocurrency will be so illegal that it will in fact cease to be used.
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because in my opinion the government is still afraid to give bitcoin legality because there are still many people who use bitcoin as an illegal transaction and there are many cases of theft in cryptocurrency, making it difficult for bitcoin to gain legibility.
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States and their governments are not yet in a hurry to finally decide on their attitude to cryptocurrency, since it has many both positive and negative sides. In addition, the states have already highly appreciated the blockchain technology, which is used by the cryptocurrency in its functioning. At the recent G20 summit, it was determined that the cryptocurrency does not yet pose a threat to global financial stability. If the G20 countries change their minds, then appropriate action will be taken.
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Making Bitcoin legal is not easy, it will definitely pass the debate by many government agencies. And this will be difficult if in a government or a country there are still many pros and cons to the existence of Bitcoin, and one more reason that is most often said is because Bitcoin is decentralized and its value has high fluctuations, it will be difficult for a country to accept as currency. legal money
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Everyone in the government probably uses bitcoins and does not want to accept it or register it as a currency pair. It will take a long time for all countries to accept it.
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It is more complicated to make Bitcoin legal all over the world. The question is, what Government? Every country has its own government. They have their different ways of accepting Bitcoin. This relates to their won regulations. Bitcoin is also decentralized, that is why governments cannot control Bitcoin. This is one of the reasons why it cannot be legal all over the world, only in some countries. But hopefully later more countries will accept and legalize Bitcoin
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Governments are in no hurry. Cryptocurrency is so new in terms of how it functions in our financial world that it is easier for governments to see what happens. Moreover, at the G20 summit, which addressed the problems of financial security and the impact of cryptocurrency on this issue, they came to the conclusion that cryptocurrency is not a threat to the stability of the global financial system. And the blockchain technology, which formed the basis of the cryptocurrency, is generally very positively perceived by all states. Everything will depend on how the crypto currency will prove itself in the future.
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yes it is true that every transaction using bitcoin every bank cannot track it and this is very dangerous if it is misused for negative things, maybe that is the reason why every country has not legalized bitcoin.
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In my view, making bitcoin illegal is an act outside the domain of governments. They cannot interfere in it. Perhaps the unification of the whole world is beyond even thinking, many countries have come out in support of bitcoin.
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Of course, at some point in the world, bitcoin transactions will be introduced, but I think it will be after 2030.Maybe very soon the government will legalize Bitcoin in Bangladesh. In this way, it will be seen gradually that every country will legalize cryptocurrency at some point.
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I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. dash or laundry systems) : this is governments worst nightmare, isn't it ?
Yeah, because the popularity of bitcoin is increasing and we know day by day many big investors started to invest in bitcoin and altcoin.
As you said, It's nightmare for the government.
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this is my question so far.. it's exactly what you think, if crypto is a threat why doesn't the world declare it illegal.. i feel the global influence is quite big.. only a small part like Muslim organizations for example ban crypto given its harmful effects.
everyone will probably see some benefit.
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if there would be an agreement, govts would be at peace but they're still not sure about banning it or letting it go.
and yes I agree with you
You are right, Government is confused about making Cryptocurrency most especially Bitcoin to be a legal tender that will be acceptable, adoptable and recognized worldwide.
The acceptability and adoption of Cryptocurrency most especially Bitcoin has been the major bone of contention among govt financial institutions.
Government prefer fiat that is physical, stable and acceptable worldwide to a Cryptocurrency that is volatile, unseen and moreover not acceptable worldwide.
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I think this world needs BTC, but the elites in every government are reluctant to use it for fear of their transactions and wealth being known to everyone in the world, Banks are made to store money, but there is no transparency of the data they provide, because banks impose taxes on account ownership and the bank does not recognize it then declares taxes for administrative costs.
In the crypto world, every transaction is validated by the miner and the miner works fine then gets rewarded for the gas fee. actually the existing system on the blockchain is good, but the government still wants Fiat or paper money to facilitate transactions which in fact Fiat transactions are very complicated because they go through the clearing process
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this is my question so far.. it's exactly what you think, if crypto is a threat why doesn't the world declare it illegal.. i feel the global influence is quite big.. only a small part like Muslim organizations for example ban crypto given its harmful effects.
everyone will probably see some benefit.
I just want Bitcoin to be legal all over the world, we all know that with Bitcoin it will be easy for us to make transactions wherever we are. If Bitcoin were legal in all countries in the World, how easy would it be for us to travel abroad. We can shop everywhere with one currency, namely Bitcoin.
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Looking at how old the world financial system is and that people have been living and transacting without Bitcoin over these years most mean something. If we all understand what a strong Economy means for every nation then we would understand why most Governments wouldn't allow a Bitcoin global currency takeover. My view is that Bitcoin should be allowed to thrive for what it was designed for and not continually seen as a possible replacement for fiat currency that way, the Government wouldn't see it as an enemy which it's not but we are the ones making it so. Bitcoin and fiat currency can survive side by side.
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Yes you are right. In most countries, the government is not banning bitcoin. Despite this, he is supporting. That's why everyone is seeing the digital tech future in all bitcoins. Like , some people's imagination. Bitcoin will be helpful in bank transactions in the future. And ETC
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I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. dash or laundry systems) : this is governments worst nightmare, isn't it ?
Why bitcoin should be illegal, bitcoin is the future technology.
I think bitcoin should be accepted by many countries.
I have invested in bitcoin since 2015 and I think my country didn't blocked it.
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It’s just that they can’t stop Bitcoin no matter what. Back then in 2018, it was more on negativity towards crypto not just from the government and banks, but also from financial institutions, payment processors, famous personalities and so on. It’s just that Bitcoin is so contagious that cannot be contained even with those countries that totally ban or illegalize BTC. Now most of the governments around the world are at least acknowledging Bitcoin at least within the grey area level that they’re not making it legal nor illegal.
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I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. dash or laundry systems) : this is governments worst nightmare, isn't it ?
I have read several opinions here, that said govt didn't legalize bitcoin because bitcoin can't be traced and could be misused by illegal activities.
I think I agree with this.
But maybe at the coming future, It will be
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It is difficult to say about this situation with bitcoin when it will be legalized in all countries, maybe they are still looking for how to work in their field.
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Bitcoin is a neutral currency since the ledger (or data) is public, therefore allows tracing. Yes, you can use mixing service to make it difficult to track, but then the mixing service will be (or already is) illegal. Thus, anonymous coins and coins that have built in mixing service are also illegal in many countries. Currency like Dash, Monero, GRIN, Zcash, Litecoin, etc., now can't be traded in some countries, for example South Korea.
https://coinmarketcap.com/headlines/news/top-5-korean-exchanges-delist-litecoin-labeling-it-a-dark-coin-after-mweb-upgrade/
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States have nowhere to rush to react to cryptocurrency. After all, the cryptocurrency has both negative, from the point of view of states, and positive aspects. Moreover, the G20 countries, after considering the issue of cryptocurrency, came to the conclusion that the cryptocurrency does not pose a threat to global financial security. Also, the states are almost unanimous in the fact that the blockchain technology opens up new wide opportunities for its application in almost all areas of the economy of these states. States at any time can apply destructive measures for cryptocurrency regulation. In the meantime, they are looking at her.
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Governments will never give up their right to manipulate the economy with fiat and the system of central banks. In addition, users still do not understand the new payment technology, they will easily fall into the trap of scammers and cannot manage their own crypto assets.
However, I still believe that crypto payment method is the future, governments should allow traditional banks to support crypto services for users.
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I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. dash or laundry systems) : this is governments worst nightmare, isn't it ?
I have read several opinions here, that said govt didn't legalize bitcoin because bitcoin can't be traced and could be misused by illegal activities.
I think I agree with this.
But maybe at the coming future, It will be
I hope we do realize that it is easier to trace Bitcoin than we can trace Fiat money when it comes to criminalities. If you have been following stories rising from a country like Nigeria where there are daily occurrences of Kidnappings and ransoms being paid, none of the ransoms are paid in Crypto but in Fiat money, because they know it is easier to spend on buying more arms and highly untraceable since it is hand to hand. so, let's not keep buying into that narrative that Bitcoin can't be traced which actually can be trace cos every transaction is recorded in the blockchain.
However, I believe it is more of the decentralization that government cannot control it totally.
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Because this world consist of different countries with different government and different interests.
Bitcoin and other cryptocurrencies may be legal in some countries and in fact still illegal in other countries. This is also about the regulation of the Bitcoin itself. Government cannot control the cryptocurrency, because most of this are decenralized. This is cosdiered to be too risky for legalizing in all aspects.
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I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. dash or laundry systems) : this is governments worst nightmare, isn't it ?
Yeah, I think this is government worts nightmare, because bitcoin is usable , as you said making our transaction untraceable.
It can be misused by illegal activities.
I think government should have technology to control it.
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Yeah, the government and banking industry have been quietly fighting it for the past few years. I think they know they can't win ultimately but still gotta try anyways.
No one can refuse teh future technology , I think.
The govts just ban but their citizens will always invested and trading in bitcoin and crypto currency with VPN
So, It seems difficult to block.
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I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. dash or laundry systems) : this is governments worst nightmare, isn't it ?
Why the govt should make bitcoin illegal, Bitcoin is good digital asset.
It's very potential asset and will more expensive at the coming future.
I think digital currency will be more needed at the future.
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I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. dash or laundry systems) : this is governments worst nightmare, isn't it ?
If the government makes bitcoin illegal, I think It's funny.
Because their citizens invested on it.
Bitcoin is the future technology, The government should accept and allow this.
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I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. dash or laundry systems) : this is governments worst nightmare, isn't it ?
The government has own consideration because bitcoin is anonymous and cannot be tracked.
I think It's the reason why bitcoin is not legal.
Just allow but not legalized.
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Yeah, the government and banking industry have been quietly fighting it for the past few years. I think they know they can't win ultimately but still gotta try anyways.
Yeah bitcoin is the future technology, I think the govt and banks should adopt this technology, not against.
I believe we will see block chain technology will dominated at the coming future.
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The government cannot make bitcoin illegal worldwide because bitcoin is a digital currency. Most people believe in bitcoin. Day by day bitcoin is making its place in the hearts of the people. In the coming time, bitcoin will rule the whole world.
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I am new to the form but as far as I Yeah, the government and banking industry have been quietly fighting it for the past few years. I think they know they can't win ultimately but still gotta try anyways.
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In my opinion, the most important criterion is that world states do not yet see a threat to the security of their global financial system from cryptocurrency. This was said at the G20 summit. If the decision had been different, then the reaction of states to the cryptocurrency would have been completely different. Do not underestimate the strength and power of states.
We can imagine if only the G20 countries would declare the use of cryptocurrency illegal and oblige states to declare its use a crime with the establishment of severe criminal penalties, up to and including imprisonment. Eriptobirzhi and exchangers would not officially work. Government agencies tracked transactions and tried to identify wallet owners. Surely the volume of transactions would have fallen not hundreds, but thousands of times, along with the prices of cryptocurrency. She could still walk illegally, but cashing her out would be extremely problematic.
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Although I am new to the form, from what I can see, the financial sector and the government have been discreetly opposing it for some time. They must try even though they probably know they can't win.
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I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. dash or laundry systems) : this is governments worst nightmare, isn't it ?
Not easy to make bitcoin as illegal worldwide.
Because many investors that invested on bitcoin and other coins.
The government should allow bitcoinand altcoins.
No matter with this.
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Yeah, the government and banking industry have been quietly fighting it for the past few years. I think they know they can't win ultimately but still gotta try anyways.
Do not underestimate the capabilities of states and their governments. On the contrary, they are quite confident that they can stop the spread of cryptocurrency at any time. If the states of the G20 countries decide to ban it, the cryptocurrency will go into the shadows and the volume of its transactions will drop sharply, as well as the demand for it. Therefore, they are in no hurry to make such a decision, because they do not yet see cryptocurrency as a threat to the security of their financial system. Cryptocurrency should develop alongside the fiat of states and not be opposed to it.
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Governments do not need to rush to ban bitcoin or other cryptocurrencies just yet. Apparently, they themselves have not yet decided how to deal with cryptocurrency. Moreover, more and more states are leaning towards the legalization of cryptocurrency, but subject to the regulation of its circulation in society. But now there is still no unequivocal position, just as there is no certainty among them about its legal status, that is, it is money, a commodity or a security. In addition, governments do not yet know how cryptocurrency will further influence their global financial system. Our world, it seems, has not yet known such an experience.
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I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. dash or laundry systems) : this is governments worst nightmare, isn't it ?
I think untraceable is not the reason bitcoin must be illegal.
Crypto technology is the future technology.
I think the government should have good knowledge how to trace their transaction.
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I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. dash or laundry systems) : this is governments worst nightmare, isn't it ?
If you asked it, I also aske why bitcoin must illegal.
Bitcoin is digital asset although cannot be tracked but bitcoin is profitable investment.
Hopefully bitcoin will be legal assets