Post
Topic
Board Bitcoin Discussion
Re: How to make governments accept bitcoin?
by
Herbert2020
on 06/02/2017, 14:49:58 UTC
I have a question for you. How to make governments accept bitcoin and not see it as a threat? So that one could use bitcoin in daily use, such as paying taxes or grocery shopping. What is there, other than anonymity, thats making governments fear bitcoin and cryptocurrencies?

Today, bitcoin is not a threat to the states. Yes bitcoin is very valuable. We all know the value of bitcoin against the dollar. But states have yet to fully understand the importance of bitcoin. That's why I do not think they're afraid of bitcoin.

I think there is some thread, bitcoin is anonymous, so rich people will buy bitcoin to hide some of their wealth. The Government can't track their real wealth when its already in bitcoin. Another thread is black market, scam, money laundering, etc.

actually bitcoin is not as anonymous as you think. everything is clear and obvious on the blockchain and is open to anyone who wants to see it. and also when you buy bitcoin specially with a large amount that you withdraw from your bank account it raises lots of flags and bank will know where that money has gone.
besides there are so many easier ways for rich to hide their wealth without risking an investment in bitcoin with volatile price!