Post
Topic
Board Economics
Re: Government & Bitcoin
by
arallmuus
on 20/06/2015, 18:33:06 UTC
I think the word "support" is difference with "legalize". If government legalized something, it doesn't mean that government support it. If the government really support bitcoin, so I think they will introduce it and build facilities for bitcoin to their people. I never heard a government do that before. Please correct me if I'm wrong.

Indeed it is different but you should note that you are getting the wrong idea there. Government support and create FIAT but do they build bank ? YES to get a profit from FIAT. With BTC you will never getting the same treatment because BTC isnt a centralized currency which is issued by a country, it is uncorrelated with any authority at all therefore getting legalized is actually a huge stepstone for BTC already

So I can say that govenment never want to support it since it can't be controlled by them. They just let people using it, but won't take any responsibility if their people get scammed or hacked on their wallet.

You are getting the wrong idea again. Basically this is a grey area to talk about, in which case support will be mean to legalize is and not support will mean to make it illegal , depends on what your perception is.
It is in the nature of BTC to be decentralized currency and therefore you are responsible for your own lost also that dont get the wrong idea that if you lost something that is regulated then the government will be responsible for it because robbery happens atleast 100 times a day and none of it is the responsibility of government although they own FIAT