What governmental approach (if there is any) benefits Bitcoin?
849 sats \ 20 comments \ @Taft 25 Aug bitcoin
Government regulation and supervision are necessary to shield us from deceit and fraudulent activities in the marketplace, however, the trade-off involves sacrificing privacy and paying higher taxes. You cannot anticipate them to defend you, guarantee your privacy, and exempt you from paying taxes. Everything comes with a cost, nothing is given for free in this world.
Bitcoin prioritizes privacy and freedom, allowing us to safeguard against scams and fraud independently of government assistance. If you can manage your greed, avoid getting involved in high-interest projects or leaving money on centralized platforms to protect yourself from scams.
What do you think?
Which particular policies would benefit Bitcoin?
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41 sats \ 2 replies \ @ken 25 Aug
Money printing and fiscal irresponsibility would benefit bitcoin
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21 sats \ 1 reply \ @Undisciplined 25 Aug
I had a similar comment in mind.
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0 sats \ 0 replies \ @BitcoinIsTheFuture 26 Aug
They all do it!
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200 sats \ 0 replies \ @DarthCoin 25 Aug
NONE. Stop simping for politicians... Bitcoin doesn't give a shit about them and what they do. YOU the user, you are the only one that can decide the future of Bitcoin. Just use Bitcoin every fucking day and ignore absolutely anything a politician say or do about Bitcoin. https://i.postimg.cc/VNGkmbWV/darth-rebut-gov.jpg
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68 sats \ 0 replies \ @Thereal 25 Aug
Rather than fighting it, assist in scaling it
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52 sats \ 1 reply \ @Undisciplined 25 Aug
The most obvious one is repealing the capital gains taxes on bitcoin.
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0 sats \ 0 replies \ @Taft OP 25 Aug
I like this one!
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13 sats \ 0 replies \ @Coinsreporter 25 Aug
Only when Government leaves money matters on people. Only when it doesn't try to impose any rules. Only when people are free to choose how they wanna use their money. Only when, government eradicates these nonsense agencies.
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21 sats \ 0 replies \ @BlokchainB 25 Aug
All it’s needed is allowing it to compete as legal tender and stop the foolishness of taxing it like property.
Next is catching fraudster, scammers, and thieves. Set up an investigation bureau and pursue crime by doing investigations.
These two actions alone would allow bitcoin to thrive and defund the war machine.
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0 sats \ 0 replies \ @nerd2ninja 25 Aug
Fight it as hard as possible.
This will prune out central points of failure and result in us building the most resilient system possible. No adversity means lazy solutions that can be exploited later on when they're normalized.
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0 sats \ 0 replies \ @jgbtc 25 Aug
Government regulation and supervision are necessary to shield us from deceit and fraudulent activities in the marketplace
LOL That's hilarious. You aren't actually that naive?
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0 sats \ 0 replies \ @TheMorningStar 25 Aug
Governments shouldn't have any approach for money. It should be upon us how we deal with it.
Yes, the dispute redressal system should be there but that too should not be under government.
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0 sats \ 0 replies \ @Satoshi__Nakamoto 25 Aug
Bit coin have lots of benefit like it can rise lower middle class status. It's secure 🔐 and many more
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0 sats \ 0 replies \ @Carresan 25 Aug
Everything that current governments do, will eventually help bitcoin. It’s a matter of time. We only need to be ready.
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0 sats \ 0 replies \ @sangekrypto 25 Aug
maybe the government wants to tax bitcoin, but the government can't make that tax flow, because bitcoin runs through the network, they know if there's something running somewhere real, then that's what should be taxed, so let's do it ourselves with bitcoin so in the future it will continue to be developed.
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0 sats \ 2 replies \ @JesseJames 25 Aug
"Government regulation and supervision are necessary to shield us from deceit and fraudulent activities in the marketplace"... what if THEY are the deceit and fraud? Wouldn't be prudent to have a plan "B" (pun intented) ? :-) Asking for a friend....
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0 sats \ 0 replies \ @siggy47 25 Aug
This
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0 sats \ 0 replies \ @siggy47 25 Aug
This
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0 sats \ 0 replies \ @bitcoinfiq 25 Aug
Nope i don’t think that government should give us regulation and supervision about our bitcoin. Yeah bitcoin is privacy and freedom, so government shouldn’t told us what to do and don’t. Stop simping for politicians!
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0 sats \ 0 replies \ @Octopus 25 Aug outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.