Quote from: 7Dyoknga5 on September 18, 2018, 11:56:31 PM

Another crypto-threat-to-government thread.

governments will never be threatened by cryptocurrencies as they could easily reject and prohibit their people from using it. Like what they do on middle eastern countries where they blocked porn sites.

If bitcoin can't be regulated, chances are it won't be accepted in the country because according to some politicians "it's not safe and secured"

Well, it is not like it cant be regulated, but to what extent can it be regulated. We are talking about something global here and the fact that it is decentralized makes it very hard for the government to clamp down on activities surrounding it.

Nevertheless, if they really want to regulate it, it is still easy since as it is, people will always need to spend in the long run, or simply convert to fiat and then the exchanges become regulated and that is it.

Hence, it depends on each individual the transactions they want to make. However, we all know that the decentralized world gives freedom to the users and take control away from the government, and government do not like that, coupled with the fact that people might start evading tax or trying to do shady stuff, but all these can be curbed with regulation.