Quote from: 0t3p0t on October 09, 2017, 04:13:05 AM

Quote from: jonathan6655321 on October 08, 2017, 06:54:10 PM

hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using

Because Bitcoin could help the economy to grow and could possibly solve poverty someday. There will be more businesses, merchants, investors and opportunity for everyone to get involved into. As they are implementing regulations to exchanges, millions of taxes could also be gathered if the government allow Bitcoin to continue growing because the community would probably support and invest in Bitcoin. They can still controll the money we are using when we sell or withdraw our coins from local exchanges and convert it into fiat money and for me I see no reasons to have a problem or conflict with that. Everytime we withdraw our funds on local exchanges there is tax so that is why they need to allow Bitcoin to grow instead of making a move to ban or prohibit the use of it.

This is exactly true, the government should allow th bitcoin to grow because it helps the economy in the way that people who are unemployed can have an incomw through bitcoin , it can lessen hunger cause by poverty. In a small way it can lessen as well the crimes caused by not having money to buy food for the family that sometimes trigger those very poor family to do the crime. In our country, like me my earning through bitcoin is already a big amount of money to us. Students can go to school through the help of bitcoin, i know some.