[CT] GVT can can never torelate Bitcoin.

[teminalibug 309]

Here is another real reason  why Governments can not tolerate Bitcoin as a major means of payment and transaction.

Bitcoin translations / blocks are public and they are forever served in the blockchain.

 

Now with this facts means if Bitcoin is the major means of transaction then it will be easy to know how government spend their money (people's money to be specific). So many secrets will be exposed

 

Also hackers could easily write a message in a block transaction to expose secretes without been identified. https://blog.eternitywall.com/2016/06/01/how-to-write-a-message-on-the-blockchain/

 

Terms;

CT - Conspiracy theory

GVT - Government

 

[kyoukage01 3181]

If a certain country's government have a lot of things to hide, e.g. bribes, corruption, secret funding and more, then they will never accept Bitcoin and other decentralized cryptocurrencies. But if their citizens start to use cryptocurrencies more than their fiat money, then they might decide to create their own crypto money. We have few examples of authoritarian countries that did just that.

 

And I didn't know that blockchains can be written. I thought only the Genesis block has a message. I learned something new today.

 

P.S. (  [CT] GVT can never tolerate Bitcoin  )

 

[Muphin 459]

1 hour ago, teminalibug said:

Here is another real reason  why Governments can not tolerate Bitcoin as a major means of payment and transaction.

Bitcoin translations / blocks are public and they are forever served in the blockchain.

 

Now with this facts means if Bitcoin is the major means of transaction then it will be easy to know how government spend their money (people's money to be specific). So many secrets will be exposed

 

Also hackers could easily write a message in a block transaction to expose secretes without been identified. https://blog.eternitywall.com/2016/06/01/how-to-write-a-message-on-the-blockchain/

 

Terms;

CT - Conspiracy theory

GVT - Government

 

I didn't know about these stuff but for what I think that they cannot use it as a major means for transaction because it is unstable, businessmen and company owners would mostly be affected by it.

[sdsonjoy50 886]

There is a lot of criticism being discussed around the world today with Bitcoin and cryptocurrency but it is our belief that Bitcoin will survive in the end and it is my belief that everyone will approve Bitcoin around the world.

[teminalibug 309]

7 hours ago, halloweed said:

What a smart thought, this could be exactly the reason for government to not tolerate bitcoin. Nations will go top civil wars if those secrets exposed.

Civil war!! no not that, it think there would be something worse than a civil war, I think ye governments will have no choice but ti ditch democracy, because of too much riots.

[teminalibug 309]

14 hours ago, Muphin said:

I didn't know about these stuff but for what I think that they cannot use it as a major means for transaction because it is unstable, businessmen and company owners would mostly be affected by it.

What you are just saying and many other are just a cover up for what bitcoin would real do to the government, at least that what I think?

[Afrizal rahman 2636]

Yes like conspiracy theories. where the government refused as if afraid of being misused. it's true what you say, maybe the government is afraid the money they use will be found out wherever they spend it. but in my opinion it's good, of course we can know that anyone who is corrupt.

[fuer44 1083]

of course, that will make the government not free. there are also other things that make the government still unsure of bitcoin. precisely with the anonymous bitcoin, people can make illegal transactions because they are hidden, and that's one of the dark side.

[teminalibug 309]

3 hours ago, halloweed said:

Ditch democracy, once a country is decontraed it is not easy to destroy that democracy without massive bloodshed.

Do destroy democracy all you need is an army, enough Bitcoins and strong words, that's how you overthrow a government.

[teminalibug 309]

10 hours ago, halloweed said:

Ditch democracy, once a country is decontraed it is not easy to destroy that democracy without massive bloodshed.

Well, in general i wish we never have to come to that, Governments will surely have no choice but to adopt crypto tech and they have shown those movements, but they also clearly should a negative site on adoption the existing crypto, china and the US been one of those countries.

[avatarkiyoshi 270]

1 hour ago, AliceJun said:

I don't think it is illegal to consider bitcoin legal. The reality is that cryptocurrencies will be governed by the state with the laws set out. For now, people have the right to use cryptocurrencies for illegal purposes because there is no law.

Bitcoin / cryptocurrency is stand-alone at the first place, which means there's no bank, no one can control it and it's all about how we use cryptocurrency.

It is better that there is no involvement from the government, just making cryptocurrency a neutral area.

[teminalibug 309]

6 hours ago, avatarkiyoshi said:

Bitcoin / cryptocurrency is stand-alone at the first place, which means there's no bank, no one can control it and it's all about how we use cryptocurrency.

It is better that there is no involvement from the government, just making cryptocurrency a neutral area.

Governments! when they see anything that they can not control they mark it illegal, it is the way with politics.

[teminalibug 309]

7 hours ago, halloweed said:

It;s all fantasy anyway, the reality is governments can never stop Bitcoin and banks will eventually find  a way to reduce the threat of Bitcoin to them.

The only way banks could reduce the threat of Bitcoin,  is if they establish investment plans of crypto. otherwise, no one will be interested on banks in the future.

[Sumayya 493]

How are hackers now able to write to a blockchain transaction, this mean that in the new future transaction can be traced

[pakjobhelp 1585]

The new investor when they see the bitcoins price charts and check the market demand of crypto currency they want to invest in crypto currency. The market show the price of bitcoins goes up on the behalf of trading and its use and its demand.

[mani982 286]

If Government legal bitcoin they lose there taxes which charge for transaction and did not receive tax on one country to other transaction. Thats why they did not make it legal until tax system or tracking system implement in crypto.

[teminalibug 309]

On 12/13/2019 at 7:17 AM, Sumayya said:

How are hackers now able to write to a blockchain transaction, this mean that in the new future transaction can be traced

Thing about transaction can not be traced where exchange is coming from, or what IP made the transaction.

[BTC Future 3946]

What banks scared of is the open ledger. They don't want anyone to observe and trace the route of the dirty money that politicians and tax-evading corporations are laundering through state banks, into tax heaven places as Cayman Islands and Panama. With the blockchain all transactions will be forever recorded and unable to be altered and manipulated. The banking systems are centralized and one person with authority is able to hide anything.

[bentayebsalah 2280]

The reason governments block Bitcoin is because it is a decentralized, unmanageable currency and used for illegal business

[teminalibug 309]

10 hours ago, Umme Haani said:

Government is very tight with this crypto currency because it is also a decentralized system and the crypto currency is not liked by the Government and cannot handle it.

Most governments are nit awa4e of bitcoin and the threat it imposes, until there is alreday mass adoption and they realize the threat that is the point when they try to ban it.

[teminalibug 309]

6 hours ago, Fahad Ali said:

There is a lot of criticism being discussed around the world today with bitcoin and cryptocurrency but it is our belief that bitcoin will survive in the end and it is my belief that everyone will approve bitcoin around the world.

Government can manage the utilization of bitcoin and they do not have any options that to let it be for now. They will still find a way to regulate it more.

But does the government just greedy or is it true that crypto hinders the development of economy in a country?

[Mashiur 77]

Actually I think Bitcoin is not acceptable in our country. For this reason I think they can't trolatate Bitcoin. But Bitcoin is very popular crypto currency

[tienda 8776]

I think right it is not the moment for any government or any companies to use it as a payment official because still the cryptocurrency is volatile so there are many companies or government can loss a lot of money to do that, needs to be regularized and with fix price.

[Zerocrisis 266]

On 12/7/2019 at 2:45 AM, teminalibug said:

Here is another real reason  why Governments can not tolerate Bitcoin as a major means of payment and transaction.

Bitcoin translations / blocks are public and they are forever served in the blockchain.

 

Now with this facts means if Bitcoin is the major means of transaction then it will be easy to know how government spend their money (people's money to be specific). So many secrets will be exposed

 

Also hackers could easily write a message in a block transaction to expose secretes without been identified. https://blog.eternitywall.com/2016/06/01/how-to-write-a-message-on-the-blockchain/

 

Terms;

CT - Conspiracy theory

GVT - Government

 

For your comment, I understand that there are countries whose laws don't allow the use of cryptocurrencies as a purchase/sale currency, but they should consider investing in these type of currency and thus, their economies would not depend so much on gold and oil.

[teminalibug 309]

4 hours ago, Zerocrisis said:

For your comment, I understand that there are countries whose laws don't allow the use of cryptocurrencies as a purchase/sale currency, but they should consider investing in these type of currency and thus, their economies would not depend so much on gold and oil.

The problems is that countries does nit trust on the future of the cryptocurrencies becoming good.