Bitcoin's strength is that nobody can crack it yet - page 5.

Janation

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Quote from: teejayrichard2 on October 06, 2018, 01:01:20 PM

for a long time now, this issue of government fighing bitcoin has been on but lets face one thing, the bitcoin idea is a really great one which will be of great benefit to both government and individuals. i dont think government will ban bitcoin, they will only look for a way to regulate things surrounding bitcoin and blockchain.

They just did but not all of them actually. There are a lot of countries that banned Bitcoin for also a lot of reasons and we can't blame them since we have a different points of view to anything and that also includes cryptocurrencies.

Government are still not comfortable on cryptos, even our country that regulated cryptos still warn us from using it to crime activities proves that they are still not that comfortable to it. I know that Bitcoin transactions can be tracked so I think maybe this is just a trap for criminals so they can catch them, we we don't know how government run their minds.

primeminer

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Quote from: billionaireSHS on October 06, 2018, 08:02:31 PM

Yes, I agree with your statement because we all know that bitcoin is a digital currency and the only to stop it is the internet. If we think that government starts to ban the internet for the purpose of stopping the users of bitcoin, this is a bad move because not only the users were affected to that scenario but many peoles and company who are using internet and sometimes depending on the internet.

cryptocurrency and bitcoin will still grow. Cryptocurrency is equipped with an amazing technology and very large benefits. I am sure many people will know cryptocurrency and start joining cryptocurrency. the more people who join, the more transactions will occur. surely cryptocurrency will still exist.

billionaireSHS

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Yes, I agree with your statement because we all know that bitcoin is a digital currency and the only to stop it is the internet. If we think that government starts to ban the internet for the purpose of stopping the users of bitcoin, this is a bad move because not only the users were affected to that scenario but many peoles and company who are using internet and sometimes depending on the internet.

Lorin

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We all know that is the the most strongest coin in the market. As of now nobody destroy it and it will never happen unless the internet shutdown anywhere in the world. So dont be afraid to invest.

virtfund

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Although we all konow that it is computationally impossible to hack, someone can hack, your device have an access to your wallet. Even though cryptocurrencies are not controlled and decentralized , they are not totally apart from the influence of governments. Like internet, goverments are trying to find ways to control them.

rishad quraishi

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Bitcoin is a very powerful thing in the international market since it is been introduced. Yet many countries are allowing it to convert into cash but also no country has tried to ban it either. What I want to say is, though it is powerful but if a powerful country with a powerful politicians decides to ban it or something else to reduce it's power, then I don't think it's hard for them to do.

teejayrichard2

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for a long time now, this issue of government fighing bitcoin has been on but lets face one thing, the bitcoin idea is a really great one which will be of great benefit to both government and individuals. i dont think government will ban bitcoin, they will only look for a way to regulate things surrounding bitcoin and blockchain.

untugede

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Quote from: cjinny on October 06, 2018, 12:52:06 PM

The power of bitcoin lies in the decentralized coin side (no third party intervention) so all bitcoin holders can manage it independently. Bitcoin also offers anonymous transactions, this can provide benefits from bitcoin holders who want to keep their data private.

yes, so we don't need to doubt investment in bitcoin, bitcoin is a decentralized crypto currency that has a future, and will benefit many people, even if there are some negative news about bitcoin, don't be easily affected and panic.

cjinny

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The power of bitcoin lies in the decentralized coin side (no third party intervention) so all bitcoin holders can manage it independently. Bitcoin also offers anonymous transactions, this can provide benefits from bitcoin holders who want to keep their data private.

hubballi

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Quote from: geminiboy on October 06, 2018, 11:03:19 AM

Quote from: Magkirap on August 13, 2018, 05:10:21 AM

Quote from: tuskacz on February 17, 2018, 12:47:28 PM

And it will remain so for a long time.
No government, no parties can effectively ban it and put their hand on it. They would have to ban internet first. Not likely.
That would be the end of free world we know.

We cant determine that but lets just hope because I know that government really hates bitcoin that they will find a way to destroy it. We cant predict what will happen in the future.

not all governments hate bitcoin at this time, many large countries have accepted bitcoin as a development of technology for the economic progress of society

No government can ban bitcoin but they can only give rules and regulation of usage of crypto currency or just make it illegal to use it in their respective country. Like what China have done it.

geminiboy

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Quote from: Magkirap on August 13, 2018, 05:10:21 AM

Quote from: tuskacz on February 17, 2018, 12:47:28 PM

And it will remain so for a long time.
No government, no parties can effectively ban it and put their hand on it. They would have to ban internet first. Not likely.
That would be the end of free world we know.

We cant determine that but lets just hope because I know that government really hates bitcoin that they will find a way to destroy it. We cant predict what will happen in the future.

not all governments hate bitcoin at this time, many large countries have accepted bitcoin as a development of technology for the economic progress of society

nur rochid

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Quote from: ongkok87 on October 06, 2018, 09:52:47 AM

of course, because bitcoin is a very strong coin in any disaster. so bitcoin is one of the most special coins and can change the future too

this is because more and more bitcoiners, so the longer it will be difficult to drive. only through massive news can prices be moved significantly. but at future BTC will move according to the path

ongkok87

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of course, because bitcoin is a very strong coin in any disaster. so bitcoin is one of the most special coins and can change the future too

Treasurer

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Quote from: neilshetty on October 06, 2018, 08:03:17 AM

I believe and agree that the power of bitcoin is so strong that even nobody can break it, even governments can not easily ask what they want from bitcoin, which is why they are so angry about bitcoin, even if they do not accept it there are still many people from the country they are taking bitcoin on the internet. But in theory, quantum computers can crack the BTC algorithm. In fact, the actual trading method of the BTC may be broken!

A technical revolution is impossible to ban. As history shows, the rulers of different countries tried to ban the development of science, medicine, culture, however, they didn't succeed.

Tangow3

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I think they just have to ban the use of bitcoin in their country. And making horrifying punishments for those that do not follow and people will blindly follow the government.

Cassy14

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This is the main reason why many businesses wants to adopt the blockchain.
As it is very safe to have now.
Bitcoin together with blockchain will never or difficult to crack.
fast and secured.

oseikuf44

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So far with bitcoins not possible for hackers to crack and take it hostage is the major reason why it has become a stable money remittance tools which is trusted by all cryptocurrency traders and has proven to come to stay.

Shresherya

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The only one of weakest point of Bitcoin is the user. Bitcoin designed to be unbreakable. Not with the current technology of course.
We heard a lot of hacking and stolen Bitcoin, but they are not exploiting the Bitcoin bugs, but exploit the users and their infrastructures.

iamaruf

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Quote from: nightmanisrightman on February 17, 2018, 01:25:13 PM

Quote from: steadyrice on February 17, 2018, 12:51:29 PM

They don't need to ban it directly to outlaw it. What if fiat money made off of selling cryptocurrencies were declared illegal? Even if you had billions of bitcoins, they would be worthless because you wouldn't be able to cash out legally.

But that is what people are failing to understand I feel like. You don't need to cash out once you have all the Bitcoin because you can spend that as currency. Everyday it becomes more spendable yet you want to cash out to the ever weakening purchasing power fiat currency? Yeah right, I will stick with my Bitcoins for the rest of my life, you can do whatever you like Cheesy

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How you can spend ? if online shop of your country don't support digital currency ( bitcoin ). How you pay your bus,train or taxi fee? if they don't support bitcoin? If government take serious step then it is hard to use bitcoin. In my country I can't buy anything from online via bitcoin coz our country online shop don't accept bitcoin payment.

dimiinx

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Quote from: mmo_online_1981 on October 04, 2018, 09:22:41 AM

Bitcoin can not die if the community is still in use, Prohibition by the government and organizations can only slow down the development process, can not kill peer transactions

the power of bitcoin in my opinion there is nothing strong in fact there is a price that can drop dramatically is it called strong? it won't be the power of bitcoin in my opinion if the price decreases it can stabilize again

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