Quote from: icreative998 on July 31, 2018, 04:38:48 PM

Quote from: Handsome Boy on July 21, 2018, 12:48:35 AM

as we know, many governments in the world are banning bitcoins and here I have my own why the government want to kill Bitcoin, because I think Bitcoin can be used for terrorist financing, money laundering, illegal weapons purchases, crime and tax evasion. therefore the government forbids Bitcoin, because Bitcoin transactions are difficult to trace so it is only natural for me if the government is very worried about Bitcoin and many country banning (block) Bitcoin.
but this is just my opinion, so if I am wrong I apologize.

Thank You.

I think you're right because bitcoins are really hard to control so most countries want to ban it, they give bad news to people to boycott it. But in fact many people know the true benefits of bitcoin so it is still growing and surviving. So let's try to believe in a good future.

The main reason why the government wants to kill bitcoin is that bitcoin is decentralised and no central bank or government has any direct control over it.Only the user knows about it.No tax is also implied on bitcoin.To store bitcoins you have the Bitcoin Wallet in which you can store any amount of bitcoin.One can transfer any amount to anyone.The transaction is known only by the donor and the receiver.This can be used by terrorists,corrupt politicians,criminals etc.It has more disadvantages than advantages.