Quote from: Issa56 on November 10, 2024, 08:51:22 PM

Quote from: Stepstowealth on December 03, 2023, 07:54:00 PM

Bitcoin is still very illegal in many countries and to many governments, but in many of these countries, what is surprising is that you will still find investors in bitcoins who are going against the government and secretly buying and investing in bitcoins.

The government is against bitcoin just because of their own selfish interests, and nothing more. The government doesn’t have any concrete reason for banning bitcoin, we all know the reason for them banning it, so I don’t care if I am violating that kind of law. The government wants to be in control of us, they never wanted anyone to have freedom. The government doesn’t have anything serious to say about bitcoin, all they do say is that bitcoin is used for illegal activities, but fiat currency is also used for it, so why are they not banning fiat currency, and they just after bitcoin?

One evidence that governments have to say about Bitcoin is that it is a decentralized system which means that governments are unable to impose control over it even if they wanted to. Besides, the government of any country has very limited scope to practice the tendency to levy tax on transaction fees. Bitcoin can be an important hedge for a country but governments are hesitant to align themselves with its regulatory regime. I also think that due to the decentralized system it is a bit difficult to identify the users and some users may do various illegal transactions through Bitcoin which may result in the government taking a strict rather than flexible stance on Bitcoin. But as the number of Bitcoin users and investors around the world continues to grow, governments should gradually become more mature about their stance.