Re: Btc and government, what does the future holds?

It is hard decision that governments may be against bitcoin. Because governments have lots of economical benefits thanks to bitcoin. If they see bitcoin
as illegal money, they will lose their high economy. Think about big money men, bitcoin makes their illegal money to legal. Therefore bitcoin is a big chance to develope and be the richest one.

I truly did not understand what you are telling here,what economic benefit does the government have because of bitcoin other than the minor tax they are supposed to get if they legalize bitcoin ,bitcoin making illegal money to legal Roll Eyes

i am not sure from which country you are coming,if someone does that ,he should land in jail and for this only reason any government could ban the trade and running of exchanges in a country and you think that due to these the government will support,that weired thinking.Any government could come up with any decisions but as a user we will find ways to trade it as it is not centered around any one nation.

Many governments have already banned the use of bitcoins. Do you see any response from the bitcoin community? I do not see. Even without a complete government ban users cannot develop trade with bitcoins because of the very high fee for the transaction. What will happen if now to the prohibitions of the governments will join the bankers? They have a direct interest in the destruction of bitcoin.

They have more advantages for bitcoins if they are banned, yes you are right. These governments already know what are the goods and bad of this bitcoins, knowing all these facts still they are behaving like dumb who knows nothing. They need to understand the importance of bitcoins and their legality so that every person can use them worldwide and they can be benefited.

Legalization of a crypto currency is not an easy thing to do for any of the government as they are well aware of this fact that all the crypto currencies are decentralized in nature and even if they declare it as legal currency, there will be no control of the government on any of the crypto coin.

It will take some time for the government to realize the need and importance of bitcoin, only then they will take such kind of step.

Bitcoin legalization is a healthy activity for those who are involved in making money form crypto coins and crypto market. The thing is that dont go for everything that attracts you in the crypto market, follow the facts and figures instead of your instincts. As far as legalization is concerned, I dont think so it should be a big issue for the state. Government can carry out referendum for the legalization of bitcoin.