Post
Topic
Board Bitcoin Discussion
Re: How to make governments accept bitcoin?
by
vasrasus
on 10/05/2017, 03:00:58 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?
it will be hard for goverment to accept bitcoin goverment use fiat because they can get taxes
they dont support bitcoin because there are no benefits bitcoin taxes go to miners
Thats true, maybe if the government can benefit like a tax for bitcoin users, maybe the government might consider the legalization of bitcoin

An government making legalized usage of bitcoin is not that simple, they need to consider lot many things to make it function in a perfect manner. There is nothing good if it's been adopted for name sake. For this reason governments take their own time and make necessary changes based on the goodness.
Governments don’t do changes based on the good for society, they only care about themselves, so if they think they can benefit with bitcoin then bitcoin is going to get approved but if they think bitcoin is bad for them then they are going to eventually ban it.

Yes, the government will only do what is beneficial for them and if it can benefit from bitcoin, it will accept it.

When finds a way to put tax on it then they will surely approved bitcoin. When they already see that investors were benefit alot from it  for sure bitcoin will be accepted by the government.