Topic: Bitcoin's strength is that nobody can crack it yet - page 9. (Read 1850 times)
Governments can not break it because Cryptocurrency has become a big and influential market in the world. There is a lot of market capitalization in Crypto and it can not be knocked down. So its going to be nice and we do not need to worry.
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.
Youve got it there,it wasn't just because of Internet we will be capacities on doing what ever we want even the government is against this one.remember theres no impossible for the law to do.because they are the boss in every country they are handling.effectively banning bitcoin will be impossible but though when bitcoin is outlawed in a given country only a few set of people will be effectively use bitcoin.
when in a country where bitcoin is ban my thought will be. why use my hard earned fiat money to buy bitcoin which i won't be able use
when in a country where bitcoin is ban my thought will be. why use my hard earned fiat money to buy bitcoin which i won't be able use
Thats it mate,thats why in the end still the government who has a final say on this argument and we will only follow them
effectively banning bitcoin will be impossible but though when bitcoin is outlawed in a given country only a few set of people will be effectively use bitcoin.
when in a country where bitcoin is ban my thought will be. why use my hard earned fiat money to buy bitcoin which i won't be able use
when in a country where bitcoin is ban my thought will be. why use my hard earned fiat money to buy bitcoin which i won't be able use
The fact that bitcoin has not cracked down for now does not mean that it is untouchable but for bitcoin to attacked successful countries of the whole world has to agree and speak in one voice to fight against it but quite unfortunate such an agreement is not achievable at list for now.
The progression of bitcoin cna be stopped when fiat money would no longer accept bitcoin for the value of it.
Yeah it is true bitcoin can not be banned or cant be stopped yet but if ever the government really do something about it, I think they could do it. So my theory is that even the governement is having second thoughts about these cryptocurrencies because not all country has banned them but are still able to use them if they really want to, its just that they cant withdraw their money through their banks though if they need to.
You see, BTC has a lot to look at, but it's not 100% perfect, Bitcoin is its anonymity and the anonymity it gives its users and investors. But this is also one of the reasons many criminal agencies are locked up with bitcoin.
And if you think, it's technically Bitcoin done well. But the essence is in people, in relation to safety and use of wallet. Many, even at the beginning, neglect the simple rules through which they are blocked or handled.
Bitcoin is the king and the strength is so good because the value is very high and great that increase the strength very high day by day as per increase the demand of bitcoin day by day, When all many peoples attracted by the price of bitcoin than you can watch the buying increase and that also increase the strength of bitcoin.
They can never understand it Bitcoin strength is unknown and invisible to government and policy, i give the Bitcoin creator a big big hang of a plus for not allowing government and it polices when building up the Bitcoin system, if government and it polices is earlier allowed they would have crash Bitcoin to nothing, Bitcoin is own by nobody and everybody to it own bank.
is when you put your life/success in the hand of someone, they can bring you down, so never allowed that to happen am living a life of crypto.
is when you put your life/success in the hand of someone, they can bring you down, so never allowed that to happen am living a life of crypto.
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.
It's hard to break your wallet system. But this is real. If you make a mistake when using it, then hackers can hack it. But all this is hard. It is easier to remit a bank in a small city than wallets. 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.
and it will never happen. this is why cryptos are made. security and anonimity. the future free world
i think there were reports that an institute had tried bruteforcing bitcoin address using supercomputers and was successful although it may take a long time to get the right private key. next generation blockchains may not be as crackable as bitcoin as they have more security features like longer private keys.
For me Bitcoin is the King of all the crypto currencies here in the crypto world. The Bitcoin, as the days goes by it only keep on getting much attention. Why? Because as times passes by, more people are getting engage to the crypto currency community and learn to know about Bitcoin. When they know about Bitcoin, they eventually engage themselves and gladly use it and that is why Bitcoin is only getting stronger.
You see, BTC has a lot to look at, but it's not 100% perfect, Bitcoin is its anonymity and the anonymity it gives its users and investors. But this is also one of the reasons many criminal agencies are locked up with bitcoin.
Currently, Bitcoin is not recognized as money by any government so it is not taxed. Most Bitcoin transactions could be thought of as trades – which are generally exempt from taxation by governments.
This is likely to change if and when Bitcoin begins to be recognized as legitimate currency around the world. This is actually an incentive for governments to legally recognize Bitcoin as proper money. No one is sure when or if this will happen, but it’s something to think about as Bitcoin continues to experience a lot of growth around the world. ref: https://www.binaryshift.com/bitcoin-strengths-weaknesses/
This is likely to change if and when Bitcoin begins to be recognized as legitimate currency around the world. This is actually an incentive for governments to legally recognize Bitcoin as proper money. No one is sure when or if this will happen, but it’s something to think about as Bitcoin continues to experience a lot of growth around the world. ref: https://www.binaryshift.com/bitcoin-strengths-weaknesses/
You are right, the government will not be able to stop bitcoin. Bitcoin is a technology, time bomb, joined or not, they will still be destroyed.
Indeed no one can solve the strength of this bitcoin. But the strength of this bitcoin can be competed by other crypto currencies. So this could be a threat to the existence of bitcoin. I also heard that it can not be changed but it can be fixed because the bitcoin development team is making efforts to improve bitcoin with innovative new technology so bitcoin can gain the trust of the community as it was. Maybe it's a bit of my thinking that is still far from the knowledge of bitcoin in depth. Hopefully my thoughts can help you.
About the bans, a country can use their authority to ban bitcoin for getting in to their country but no country can ban bitcoin itself as investment, as currency.
indeed no body can crack it yet but if somehow there would be a conflict of interest between the states and btc than the solution would be to punish the cash out of btc which would drastically decrease the usage of it.
Why would they have to punish people who takes profit?
indeed no body can crack it yet but if somehow there would be a conflict of interest between the states and btc than the solution would be to punish the cash out of btc which would drastically decrease the usage of it.
Bitcoin is very secure and cracking a private key can take hundreds of years when using the most powerful computer that exists.
Even if hackers find a way to crack Bitcoin, developers will fix this issue and propose solutions to make it more secure.
You don't have to worry about security, your Bitcoins are 100% safe in your wallet when no one knows your private keys.
Even if hackers find a way to crack Bitcoin, developers will fix this issue and propose solutions to make it more secure.
You don't have to worry about security, your Bitcoins are 100% safe in your wallet when no one knows your private keys.
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