Ninjastic
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Topic
Board Bitcoin Discussion
Re: why do governments don't make BTC illegal worldwide ?
by
Lhaine
on 30/07/2018, 14:58:52 UTC
Quote from: rez303 on July 30, 2018, 10:23:44 AM
Quote from: jackky on July 30, 2018, 10:17:33 AM
Quote from: lentzaj on August 29, 2017, 06:37:34 PM
I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !

BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?


Sure, because Bitcoin transactions are anonymous and the government will not be able to levy taxes on Bitcoin transactions. Banks and government have a close relationship because the bank helps the government control transactions

But if the government can control all Bitcoin transactions, I believe that Bitcoin transactions will no longer be anonymous. Instead, the government can accurately identify the names of people who are trading Bitcoins on the internet


That is really can be happen if bitcoin will be control by the government. They will know our identity but for me I didn't awe anything wrong if government will accurate the identity of the people who are in trading.