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    Author Topic: WHAT IF the GOVERNMENT wins over BITCOIN?  (Read 2664 times)

    • BitHodler
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    March 05, 2018, 02:36:07 AM
     #21
    Bitcoin has won the battle with banks and governments from the moment the network went live. You not needing any central authority's permission to move and store value is the biggest victory for freedom in the recent history.

    Nothing will be able to prevent you or anyone else from using Bitcoin, and that will never change. Governments can and should acknowledge Bitcoin's presence, and know that it is here to stay.

    Only the main paranoid governments think they can beat Bitcoin by enforcing all kinds of ridiculous policies and harsh penalties, but it's nothing more than a futile attempt to stop something that can't be stopped at all.
    BSV is not the real Bcash. Bcash is the real Bcash.

  • Jacsnuffles (OP)
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    March 05, 2018, 06:28:31 AM
     #22
    Quote from: Procopiogamscrypto on March 05, 2018, 02:07:56 AM
    Quote from: Jacsnuffles on March 04, 2018, 04:34:15 PM
    Be ready and aware that 2018 is the year of regulatory reckoning. Countries around the world are trying to determine how they are going to treat cryptocurrencies. Securities and Exchanges Commission (SEC) has halted several ICOs and hinted at the need for greater crypto regulation.

    I am into cryptocurrency because of freedom, I can't deny to myself that I have worries regarding this issue. And as an investor, I really have no choice but to stay with crypto once the governments around the world have control to cryptocurrencies (if that became possible).

    So as much as we can, also invest with physical properties with what you've earned. For we don't know what will happen next with our money in the digital world.

    This is not an advice. It's simply a shared idea.

    How about you? What do you have in mind? Undecided

       i think government is not against crypto,  what they after is how to collect taxes and assurance that is really use in a good  purpose, so there is no war or any competition  on both parties,  hopefully a soon as possible they will unite and meet with one objective for the benefits of everybody.

    Yes, that is the point. The government wants to have power to regulate cryptocurrencies. I know that Bitcoin is not linked to any territory or financial institution. So it will be impossible for the government to take control over Bitcoin. But their action might involve too many policies and taxes. And other strategy they might think.
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  • Tambu
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    March 05, 2018, 06:42:38 AM
     #23
    Quote from: Jacsnuffles on March 04, 2018, 04:34:15 PM
    Be ready and aware that 2018 is the year of regulatory reckoning. Countries around the world are trying to determine how they are going to treat cryptocurrencies. Securities and Exchanges Commission (SEC) has halted several ICOs and hinted at the need for greater crypto regulation.

    I am into cryptocurrency because of freedom, I can't deny to myself that I have worries regarding this issue. And as an investor, I really have no choice but to stay with crypto once the governments around the world have control to cryptocurrencies (if that became possible).

    So as much as we can, also invest with physical properties with what you've earned. For we don't know what will happen next with our money in the digital world.

    This is not an advice. It's simply a shared idea.

    How about you? What do you have in mind? Undecided


    It's okay to be regulated than ban. Government have all the rights to regulate the flow of currency in their territory to preserve the economy for the benefit of it's citizen. 

    Besides, the regulation that  I read mostly in news are the mode of payment (tax, etc) but the system it self still the same.

    If SEC halted several ICOs it will give favor for the existing coins/tokens. The price will hike.
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  • Jacsnuffles (OP)
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    March 05, 2018, 08:25:36 AM
     #24
    Quote from: BrewMaster on March 05, 2018, 02:27:36 AM
    Quote from: Jacsnuffles on March 04, 2018, 04:34:15 PM
    I am into cryptocurrency because of freedom, I can't deny to myself that I have worries regarding this issue.

    it is understandable to be worried about what the government is going to do about bitcoin and what kind of regulations they are going to put in place, but at the same time i believe that it doesn't have to be against the "freedom" either. regulations can be good too, they can help the growth, they can prevent a lot of crimes and besides we are living in a world of regulations already. it is not such a bad thing to have it for bitcoin too as long as they are not ridiculous ones.

    I do agree with you. I am open to regulations, and if that happens, I'm still an investor and a trader. What really bothers me is when the government set higher taxes to the exchange companies and that will affects us. My so-called "freedom" (  Cheesy ) will surely have limitation after that.  
    I appreciate your reply, it is an eye opener to me and to everyone.
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  • teilwalL05
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    March 05, 2018, 08:36:30 AM
     #25
    Quote from: Jacsnuffles on March 05, 2018, 08:25:36 AM
    Quote from: BrewMaster on March 05, 2018, 02:27:36 AM
    Quote from: Jacsnuffles on March 04, 2018, 04:34:15 PM
    I am into cryptocurrency because of freedom, I can't deny to myself that I have worries regarding this issue.

    it is understandable to be worried about what the government is going to do about bitcoin and what kind of regulations they are going to put in place, but at the same time i believe that it doesn't have to be against the "freedom" either. regulations can be good too, they can help the growth, they can prevent a lot of crimes and besides we are living in a world of regulations already. it is not such a bad thing to have it for bitcoin too as long as they are not ridiculous ones.

    I do agree with you. I am open to regulations, and if that happens, I'm still an investor and a trader. What really bothers me is when the government set higher taxes to the exchange companies and that will affects us. My so-called "freedom" (  Cheesy ) will surely have limitation after that.  
    I appreciate your reply, it is an eye opener to me and to everyone.

    I am not against the regulations of the government if certain fair treatment was set for cryptocurrencies and they are not hugging all of the profit for themselves, And they are only doing this because they are really preventing the crimes that keeps getting involve with the Crypto world, And keeps on using it as an illegal transaction for their crimes, I should say if there are a fair regulations towards this then I would gladly accept it.

  • bitbunnny
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    March 05, 2018, 08:49:05 AM
     #26
    I don't know why people think that governments all over the world are in some kind of war against Bitcoin.
    Some are not very friendly towards it, that is true, but all this conspiracy theories agains Bitcoin are exaggerated.
    The efforts to regulate Bitcoin don't necessary have to be wrong for Bitcoin and aimed against it. This could help Bitcoin in wider acceptance especialy in business world and bring more confidence.
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  • Saveplus
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    March 05, 2018, 09:16:54 AM
     #27
    Bitcoin was decentralized and I have a strong belief that government cannot win over bitcoin.It was for freedom cryptocurrency was made and everyone of us dont want to regulate by anybody else.There is no problem if they regulate crypto as long as they give security on it to avoid hackers or scammers but there is also disadvantage that we dont want  to do by them.If bitcoin will go to good authority it must be good for us.

  • Jacsnuffles (OP)
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    March 05, 2018, 03:49:26 PM
     #28
    I learned a lot from your replies. And my worries have changed into open ideas. You're all correct in any aspects. I am hopeful that the government's objective is for security. Whatever happens, I will remain an investor.Thank you, guys.
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  • Tipsters
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    March 05, 2018, 03:54:08 PM
     #29
    Quote from: Jacsnuffles on March 04, 2018, 04:34:15 PM
    Be ready and aware that 2018 is the year of regulatory reckoning. Countries around the world are trying to determine how they are going to treat cryptocurrencies. Securities and Exchanges Commission (SEC) has halted several ICOs and hinted at the need for greater crypto regulation.

    I am into cryptocurrency because of freedom, I can't deny to myself that I have worries regarding this issue. And as an investor, I really have no choice but to stay with crypto once the governments around the world have control to cryptocurrencies (if that became possible).

    So as much as we can, also invest with physical properties with what you've earned. For we don't know what will happen next with our money in the digital world.

    This is not an advice. It's simply a shared idea.

    How about you? What do you have in mind? Undecided

    Exactly. The money of a wise person is evenly spread out onto many fields. It is very essential to learn to invest because the government have no power over it. One cannot rely on cryptocurrencies alone and must learn to handle his/her fiat money. I think this year will no be so different from last year because bitcoin is only keeping a low profile as of now and there are no potential threats that the government really bump into. Thanks for sharing your idea among others because you let them be aware of the current situation and what to do to avoid sudden bumps.

  • Jacsnuffles (OP)
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    March 06, 2018, 04:47:16 PM
     #30
    Quote from: Tipsters on March 05, 2018, 03:54:08 PM
    Quote from: Jacsnuffles on March 04, 2018, 04:34:15 PM
    Be ready and aware that 2018 is the year of regulatory reckoning. Countries around the world are trying to determine how they are going to treat cryptocurrencies. Securities and Exchanges Commission (SEC) has halted several ICOs and hinted at the need for greater crypto regulation.

    I am into cryptocurrency because of freedom, I can't deny to myself that I have worries regarding this issue. And as an investor, I really have no choice but to stay with crypto once the governments around the world have control to cryptocurrencies (if that became possible).

    So as much as we can, also invest with physical properties with what you've earned. For we don't know what will happen next with our money in the digital world.

    This is not an advice. It's simply a shared idea.

    How about you? What do you have in mind? Undecided

    Exactly. The money of a wise person is evenly spread out onto many fields. It is very essential to learn to invest because the government have no power over it. One cannot rely on cryptocurrencies alone and must learn to handle his/her fiat money. I think this year will no be so different from last year because bitcoin is only keeping a low profile as of now and there are no potential threats that the government really bump into. Thanks for sharing your idea among others because you let them be aware of the current situation and what to do to avoid sudden bumps.

    Finally, someone has fully understood my viewpoint on this topic.  Grin And you explained it better. Thank you so much. Well. I believe that there's no war between the government and Bitcoin. I just came up with the thought that there will be changes in case the reckoning has a result. I know I exaggerate this issue, I don't intend any FUD, I just want everyone to be awake and aware with what might happen. For it's better ready than sorry.

    Once again, thank you. Smiley
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  • Sowik
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    March 06, 2018, 04:59:09 PM
     #31
    Do you think that if any of the governments wanted Bitcoin "dead" they wouldn't have done something already? They don't want Bitcoin dead tho, they just want to regulate it.

  • karik1987
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    March 06, 2018, 05:35:02 PM
     #32
    This is a consequence of the principles of the work of the detachment. As mentioned above, no central figure of power can influence the price of bitcoin. Transactions require confirmation from other network members and are irreversible and transparent. All this makes bitcoin especially valuable for those who do not trust banks and traditional financial institutions. Transactions with Bitcoin pass quickly - operations that used to take several days, can now be completed in minutes.

  • xsaints128
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    March 06, 2018, 05:36:17 PM
     #33
    Quote from: Jacsnuffles on March 04, 2018, 04:34:15 PM
    Be ready and aware that 2018 is the year of regulatory reckoning. Countries around the world are trying to determine how they are going to treat cryptocurrencies. Securities and Exchanges Commission (SEC) has halted several ICOs and hinted at the need for greater crypto regulation.

    I am into cryptocurrency because of freedom, I can't deny to myself that I have worries regarding this issue. And as an investor, I really have no choice but to stay with crypto once the governments around the world have control to cryptocurrencies (if that became possible).

    So as much as we can, also invest with physical properties with what you've earned. For we don't know what will happen next with our money in the digital world.

    This is not an advice. It's simply a shared idea.

    How about you? What do you have in mind? Undecided


    I agree with you. After earning money in the crypto world one should use that money to invest in real world properties and assets because the cryptos are fairly new technology and we don't know yet how the governments are gonna tackle it. If they ban it then it's all gone, so it's better to use some money to make some assets.

  • Danielavgonz
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    March 07, 2018, 03:27:17 AM
     #34
    Quote from: Jacsnuffles on March 04, 2018, 04:34:15 PM
    Be ready and aware that 2018 is the year of regulatory reckoning. Countries around the world are trying to determine how they are going to treat cryptocurrencies. Securities and Exchanges Commission (SEC) has halted several ICOs and hinted at the need for greater crypto regulation.

    I am into cryptocurrency because of freedom, I can't deny to myself that I have worries regarding this issue. And as an investor, I really have no choice but to stay with crypto once the governments around the world have control to cryptocurrencies (if that became possible).

    So as much as we can, also invest with physical properties with what you've earned. For we don't know what will happen next with our money in the digital world.

    This is not an advice. It's simply a shared idea.

    How about you? What do you have in mind? Undecided


    I don't think so

  • usechain
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    March 07, 2018, 04:07:56 AM
     #35
    The government has always wanted to control the cryptocurrency because they are afraid that the development of cryptocurrencies will be out of their control and cause the country's economy to be chaotic. Of course, it is not ruled out that some governments want to create their own cryptocurrencies, so the government and cryptocurrencies The relationship is really hard to control.

  • Kotone
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    March 07, 2018, 04:12:20 AM
     #36
    Quote from: Jacsnuffles on March 04, 2018, 04:34:15 PM
    Be ready and aware that 2018 is the year of regulatory reckoning. Countries around the world are trying to determine how they are going to treat cryptocurrencies. Securities and Exchanges Commission (SEC) has halted several ICOs and hinted at the need for greater crypto regulation.

    I am into cryptocurrency because of freedom, I can't deny to myself that I have worries regarding this issue. And as an investor, I really have no choice but to stay with crypto once the governments around the world have control to cryptocurrencies (if that became possible).

    So as much as we can, also invest with physical properties with what you've earned. For we don't know what will happen next with our money in the digital world.

    This is not an advice. It's simply a shared idea.

    How about you? What do you have in mind? Undecided


    That’s actually what I am doing, with how the world is functioning and how governments are scared to take action on cryptocurrency especially on bitcoin there really is a possibility that there might be something in the future we would have to give it up. That’s why for me I save it whenever I encash it or try to invest in ventures that I think will succeed that way I would know that O would not be dependent on the bitcoin and the cryptocurrency market and control over my life

  • deltarichard1322
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    March 07, 2018, 04:18:54 AM
     #37
    Not a chance. And there is a logic behind that.

    It is because that If Bitcoin itself was regulated against, then users could simply trade it for another currency. Moreover, it is not linked to any territory or financial institution.

  • Polipog
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    March 07, 2018, 04:26:56 AM
     #38
    Many people wooried and afraid once government enter in cryptocurrency business, it is because of speculation bad effects that some people worries about the price value and huge demand of taxes. But some people also wants to have governments control in bitcoin for the purpose of security and total safety of all investors and workers. Because once government are there in bitcoin business the transparency implemented also, and every transactions has a transparency.

  • btcrut2017
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    March 07, 2018, 04:36:28 AM
     #39
    Quote from: Jacsnuffles on March 04, 2018, 04:34:15 PM
    Be ready and aware that 2018 is the year of regulatory reckoning. Countries around the world are trying to determine how they are going to treat cryptocurrencies. Securities and Exchanges Commission (SEC) has halted several ICOs and hinted at the need for greater crypto regulation.

    I am into cryptocurrency because of freedom, I can't deny to myself that I have worries regarding this issue. And as an investor, I really have no choice but to stay with crypto once the governments around the world have control to cryptocurrencies (if that became possible).

    So as much as we can, also invest with physical properties with what you've earned. For we don't know what will happen next with our money in the digital world.

    This is not an advice. It's simply a shared idea.

    How about you? What do you have in mind? Undecided

    I don't think that government will totally eradicate bitcoin in their country because it is online and you can use it in countries where it is legal. There is a big chance that bitcoin will win in this battle against some government. Government will legalize bitcoin because if the overwhelming support from it's citizens.

  • Nilda
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    March 07, 2018, 05:19:01 AM
     #40
    Actually, I am looking forward to the day cryptocurrency IRR (Implementing Rules and Regulations) will be released. Can’t wait to see the faces of those who still insists that bitcoin is illegal.  Cheesy
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