Topic: Can bitcoin be frozen? - page 2. (Read 14196 times)

you mean price Back to zero  . it is impossible but all things can be happen but generally bitcoin have fixed number with many trusted people so that it will nerver loss it vlaue

 i do not think

It can't be frozen bitcoin is decentralized, Many times governments shut down bitcoin but still bitcoin is alive and making it huge. maybe governments will prohibited bitcoin exchanges but the transactions itself it will not affect

will not be frozen if you keep both your personal wallet's key and remember as long as you keep your personal wallet's key do not tell anyone to keep your personal wallet safe

What is for sure is that at some point governments are going to find the key to regulate cryptocurrencies. And one of the possibilities when this will happens, if the regulation doesn't understand the advantages that crypto technology can offer, is that the Bitcoin value will decrease due to it will not be as free as it is now and users can loose interest in a strict, ruled system.

I don't think Bitcoin can be frozen but I do think can get stuck: "The long history of currency tells us that what the private sector innovates, the state eventually regulates and appropriates" this is what Kenneth Rogoff, professor of economics and public policy at Harvard University was explaining yesterday at The Guardian. I don't agree totally with the article but what is true is that if Central Banks wants to create their own digital currency for sure they will put pressure on governments to use the regulation in their favour to win the piece of cake that is cryptocurrency field. And history tells us that probably they will win.

Even though I think this is not the only possible future panorama that can exists and I am optimist that people working in cryptocurrency will be able to change the old economic system to a something more suitable for the current century.


If you are interested to know more about Rogoff theory here you have the article:

https://www.theguardian.com/technology/news-blog/2017/oct/09/bitcoin-price-bubble-government-cryptocurrency

no it is not impossible to stopping bit coins. if any country may stopped it is but total country may not stopped it. bit coins are decentralized so no one stop it.bit coins are crypto currency so it has great demand in the world so mostly any one can't stop it. maximum government not stopped it is.

It will happen if bitcoin will continue to be used only for the purpose of speculation in the cryptocurrency markets. Many believe that storing coins is investment but I don't think so. It is also a kind of speculation. Without trade, bitcoin will not survive. If the users of bitcoin will exchange and trade for bitcoin, then no restrictions of the government that will not stop.

It will happen if the government does not like bitcoin, bitcoin-related things will make monitoring for the government if the government has banned bitcoin. Hopefully this doesn't happen all over the country

If the government has a law declaring bitcoin as illegal, then they can somehow track or closed exchanges operating in one country if only they have the machinery to do so.

In the same issue were they can’t even find any hackers when we’re talking about 1 of a thousand person in the world. Then how will any government frozen any bitcoin transactions without stopping the internet? The answer is they can’t.

Bitcoin and cryptocurrency is on a channel that is beyond the control and jurisdiction of any county it is called “internet” and the only option they can stop it when they want war on its own people.

if you mean price go to zero not think

government only can try to reduce prices and make some control  so may be ban it .

stop this program ?
no  bitcoin system is hard enough to be stopped but it is possible 

The government can't stop bitcoin. But the government can act in other ways. First of all, they may prohibit the use of bitcoin and the special bots will track all users. In addition to this banks the government can stop bitcoin exchange operations on Bank cards. In this case, bitcoin users accounts themselves will lose interest in bitcoin.

No. It's impossible cause of it is decentraliezed and noone can stop the transaction

Govt. Seek 2 option....Either Regulate it or BAN it. It is impossible to freeze all BITCOIN accounts or stop Users. Banning of BTC has to take place at world level which is not possible. They need to find a suitable solution to handle the BITCOIN economy without conflicting with users interest.

It is impossible for our bitcoin accounts will be frozen because we are the one who keeping our private keys which are all computer system generated beside we could make hundreds of bitcoin wallet with hundreds of private keys match up. If we will send our money to other wallets it very impossible to trace because of hundreds of trading sites both local and foreign.

bitcoin need hardware so that it is possible but  all countries can’t move as union  that make ban bitcoin system impossible

I haven't yet thought at all that bitcoin will be frozen because it's feared will probably take fiat currency's place, of course there are still many governments that still considering bitcoin / using of bitcoin by everyone.. will be officially allowed or not yet legally permitted at all or even maybe not so care about it. But i think that's a chances are small if will be happened.

It's just not possible. The whole point of a decentralized currency is exactly that. To not be controlled. But I already know that every government will either not want anything to do with it or try to get a piece of the pie. It'll be hard and slow for them though.

Also explore other crypto like ETH. Those are up and coming.

The government can't do anything with bitcoin. Any attempt to ban the use of bitcoin in one country will facilitate the transfer of capital to another country. When governments you will see that the bitcoin ban only leads to a capital outflow from the country they will stop fighting him and try to legalize it. Then everything will depend on us. We want to pay taxes and you won't pay.

Of course not. Didn't  you notice that china banned Bitcoin due to stop or frozen it but?  Whatever Bitcoin don't care about anything.  Its just like to grow up and up and up. So I don't saw any possibly for Bitcoin can be frozen in future...

Millions of bitcoin investors in China are seeing their assets partly frozen, as three major bitcoin trading platforms in the country have suspended “bitcoin withdrawal business”, as they respond to China’s central bank’s call to strengthen anti-money laundry functions.So everything is possible...