Do you agree, Bitcoin is a warning to the government?

[eLdavis]

Yes, I have a Skrill account but I mostly do not use it for my crypto currency transactions because the charge is high but I do make use of binance and roqqu for my transactions.

I tried using binance once before but I found it Abit confusing, or maybe I was just being lazy in terms of actually learning how it works, but for my crypto transactions I make use of roqqu, what's your experience so far with roqqu?

 

[Sotherefore]

Bitcoin cannot stress the government in any way , if the government understand that bitcoins is their main problem they will just banny it and there is nothing we will do . We just have to make sure that the blockchain technology does not have any negative effects for the government that could result in permanent ban.

 

[Ghost]

For Bitcoin users, of course you already know the advantages of Bitcoin, including: It cannot be faked, can act as a global currency, as an investment and hedge against inflation because its limited amount is only 21 million BTC. Bitcoin is a democratic and decentralized alternative money. So the presence of Bitcoin in all countries is a warning to the government of any country not to print and issue unlimited fiat money, thus causing high inflation. The government should not be too confident about their local fiat money. which is the only store of value or medium of exchange, which the people trust. So, do you agree, if the presence of Bitcoin is a warning to the government?

It so funny when my government banned it cause they couldn't control it. The government hate what they can't figure out, they had to place a barn on cryptocurrency.

 

[tyrim88]

Key Takeaways. Some governments fear that Bitcoin can be used to circumvent capital controls, can be used for money laundering or illegal purchases, and could be risky to investors

One of the things that any government would be very much afriad of is their inability to be in full control of their financial sector and that is one of the fears that the government usually carry.They would not be able to regulate what happened anymore.

 

[Chibson]

One of the things that any government would be very much afriad of is their inability to be in full control of their financial sector and that is one of the fears that the government usually carry.They would not be able to regulate what happened anymore.

Definitely, this is one of the major reasons so many governments around the world does not support the invention and use of Bitcoin and other cryptocurrencies. This may be as a result of it affecting their economy and other things.

 

[tyrim88]

Definitely, this is one of the major reasons so many governments around the world does not support the invention and use of Bitcoin and other cryptocurrencies. This may be as a result of it affecting their economy and other things.

One of the things most government usually fear is hat the issue of capital flight away from their economy,is what the fear most,and then the aspect of total control and regulation on the financial sector is another.

 

[Chibson]

One of the things most government usually fear is hat the issue of capital flight away from their economy,is what the fear most,and then the aspect of total control and regulation on the financial sector is another.

One of the greatest fear of the government about cryptocurrencies is that it will take away the economic power they have over the citizens. When the people are in charge of their finances and the government is not involved there may be a lot of loopholes.

 

[Alamson]

The increasing popularity of Bitcoin, and by extension cryptocurrencies, is an indication of what the future holds. Governments should accept the reality and find a way to incorporate it in their financial system. It will save them a lot of money used in printing fiat money. It also offers a lot of security.

 

[Syldan]

Well you are right but to some extent bitcoin can not really be a warning to the government of individuals state because they are to determine the operation of such currency in there own home country.

 

[Honny143]

Yes I totally agree bitcoin giving warning to so many countries, those countries who thinks fait currency is a currency, digital currency is fake, but bitcoin change so many things and do so many things easy in our life, now my country charging 30% tax's in crypto trading, imagine how much my country fears from bitcoin.

 

[Danny4cash]

I don't see it as a threat to government for now. Maybe somewhere in the future, it may become threat. Government has power over bitcoin. Bitcoin is at the mercy of government policy. If they see that it's threatening their currency, they use their big hammer to stop it. Also, many companies are not yet accepting bitcoin as a means of payment.

 

[Potuse]

Bitcoin put autonomous power in the hands of the people or the investors. It eliminate the third-party completely and you don't have to depend on anyone who decides how you spend your money. You have to take control of your fund and investment in Bitcoin and that is why the government are afraid of bitcoin.

 

[Chibson]

Yes I totally agree bitcoin giving warning to so many countries, those countries who thinks fait currency is a currency, digital currency is fake, but bitcoin change so many things and do so many things easy in our life, now my country charging 30% tax's in crypto trading, imagine how much my country fears from bitcoin.

the government of your country is trying as much as possible to make a lot of profit from those using cryptocurrency. It is just an economic tactics. I guess you are from India?.

 

[Chibson]

Bitcoin put autonomous power in the hands of the people or the investors. It eliminate the third-party completely and you don't have to depend on anyone who decides how you spend your money. You have to take control of your fund and investment in Bitcoin and that is why the government are afraid of bitcoin.

personally I don't think it is possible for the government to allow the operation of Bitcoin fully in place of Fiat. This is why so many countries are trying as much as possible to bring their own digital currencies.

 

[Billy]

For Bitcoin users, of course you already know the advantages of Bitcoin, including: It cannot be faked, can act as a global currency, as an investment and hedge against inflation because its limited amount is only 21 million BTC. Bitcoin is a democratic and decentralized alternative money. So the presence of Bitcoin in all countries is a warning to the government of any country not to print and issue unlimited fiat money, thus causing high inflation. The government should not be too confident about their local fiat money. which is the only store of value or medium of exchange, which the people trust. So, do you agree, if the presence of Bitcoin is a warning to the government?

I think you're right—Bitcoin is a warning to the government. The reason why it's so appealing is because it's decentralized, so even if your government tries to shut down bitcoin, there's no way they could do it globally.

Bitcoin also doesn't have any physical form, so it can't be taxed or regulated (yet). And because it's limited to 21 million BTC, the value of each one will continue to rise as demand increases.

 

[Bookwormlux]

Sure, it is a warning to the government. In the sense that, it makes it really difficult for them to have so much supremacy and control like it used to be the case in the past.

 

[Genie01]

For Bitcoin users, of course you already know the advantages of Bitcoin, including: It cannot be faked, can act as a global currency, as an investment and hedge against inflation because its limited amount is only 21 million BTC. Bitcoin is a democratic and decentralized alternative money. So the presence of Bitcoin in all countries is a warning to the government of any country not to print and issue unlimited fiat money, thus causing high inflation. The government should not be too confident about their local fiat money. which is the only store of value or medium of exchange, which the people trust. So, do you agree, if the presence of Bitcoin is a warning to the government?

Yes indeed, I totally agree with you.
This could pose a potential warning to the governments.
But the truth is even with the existence of Bitcoin ,it would never eliminate the use of Fiat currency.

 

[Sincerem]

Sure, it is a warning to the government. In the sense that, it makes it really difficult for them to have so much supremacy and control like it used to be the case in the past.

Well I believe that the government have power to regulate cryptocurrency if they sees the needs to do so. The only thing is that crypto-currency gives people the privacy they need that everything can occur in their wallet without any direct monitoring by the government.