In order for the government to go against Bitcoin they will have to ban the whole internet of the country. There are already countries who banned bitcoin other than china, so this is just a normal event on the cryptocurrency world. Also there are some countries already who trusted bitcoin and make it one of their currency, and one of them is Japan, so rest assured, bitcoin will still live and will keeping booming as always and will sooner lead to revolutionary period throughout the world industry. Other factors the government can use to go against BTC is to Ban mining, ICO, Ban exchanges
etc.
Topic: Goverments to go AGAINST Bitcoin - page 8. (Read 3207 times)
Is there any chance goverments to go against bitcoin if they see its something against them??
Most likely yes! Government will not support bitcoin directly because it is against their centralization policy. Government wants to control every kind of money circulation in their country. However, bitcoin is against that idea of centralization. So this is against the government policy. Bitcoin circulation can't be controlled by any government which is again against their idea. So it is least likely a government will support bitcoin. Not every government is progressive like Japan.
Now that im thinking about that. What about drug lords? Its something against them. If like in 20-30 years Printed money are not existed. And everything is digital. Then i guess they wont be able to exchange drugs and money. The only they gonna do it its like ex change based on value. like 1kg cocaine for a car.(example)
how far bitcoin goes,and going back to what have you said that drugs exchanging
Its not about just the physical exchange that matter.because criminal element is
More updated than the glvernment element they have more resources so its not
Impossible for them to transact even without the presence of physical money.
And even if government do action against bitcoin.but as long as
Internet is present bitcoin or crypto will still go.
the government may be heading to block Bitcoin given the loss of tax regulations, a threat to governmental negligence against the country. bitcoin can not be detected because decentralization and state laws and regulations can be affected.
Because every technology has its pros and cons, different countries may face the challenge of making it legal so they can deal with it.
Because every technology has its pros and cons, different countries may face the challenge of making it legal so they can deal with it.
Is there any chance goverments to go against bitcoin if they see its something against them??
They'll definitely will. China already did this and made alot of noise in the bitcoin community. It halted China's mining community which in terms ended any bitcoin transaction there. Bitcoin supplies have ended in China and now their government is trying to regulate it with tax. Sad to be a miner there now.
I think they gonna ban it when the taxes on the end of the year goes down. Maybe they gonna look at that issue and observe what is happening to the taxes. But it's quite simple that bitcoins popularity is really grow bigger than before.
Governments will not be able to shutdown bitcoins since there are so many people who already invest in this coins and it is not possible for them to remove this currency in this country because a lot of complain will come.
although the government cannot be able to shutdown bitcoin, they can ban bitcoin so people can not use bitcoin anymore. but people will search a new way to still connected with bitcoin and this will like to be a drama on the tv. with the price now that almost reach $10,000 I wonder what the government will react about this and I hope that finally, the government will give their permission to people to still used bitcoin and the government will approve bitcoin for us.
Governments will not be able to shutdown bitcoins since there are so many people who already invest in this coins and it is not possible for them to remove this currency in this country because a lot of complain will come.
I think the government do not will against bitcoin, though they do not legalize bitcoin but they will not forbid people to use bitcoin. The government will only urge to always be careful to transact with bitcoin, because the government will not be responsible if something unexpected happens.
I think there are goverments alrdy that forbiden the use of bitcoin . Also morocco
Don't buy a fight you can't win. Governments can reduce liquidity by making it illegal, just like some drugs. But to be effective against it, it is currently a cost they don't get return. Japan on the other hand has a vision to create wealth and empowering like the bitcoin creators itself !
I think the government do not will against bitcoin, though they do not legalize bitcoin but they will not forbid people to use bitcoin. The government will only urge to always be careful to transact with bitcoin, because the government will not be responsible if something unexpected happens.
It is highly possible, if bitcoin continues to grow wild like this. The reason is that bitcoin has hurt the interest of FIAT. They will put much regulation on bitcoin and I hope they will not ban bitcoin entirely. If so, there will be a large correction on bitcoin.
Most likely yes! The government will not support bitcoin directly because it is against their centralized policy. The government wants to control every kind of money circulation in their country.
Since China banned ICO's and closed down some of its crypto currency exchanges, the question of "Ultimate Ban of Bitcoin" is there in the mind of most of the crypto investors. Can governments or international government organizations implement their own centralized crypto currencies and ban the mining or ownership of open decentralized ones like Bitcoin and Litecoin? Answer to this question is crystal clear and straight forward. Yes, they can. But the unanswered part of the question is, how effectively they can destroy Bitcoin.
No, they cant ban the bitcoin as bitcoin is decentralized. Even if they stop the mining farms or they stop bitcoins being used in certain places legally, they cant stop the bitcoin overall worldwide. People will and can still use it.
The idea of creating a digital currency is a good one but then than will just be considered as an altcoin and each country's government might have to put in extra effort to make their currency more valuable and might have to use govt. funds to artificial pump it.
I think in the end the whole planet is gonna agree on digital currency. It might not be bitcoin but sure its gonna be digitcal currency.
Since China banned ICO's and closed down some of its crypto currency exchanges, the question of "Ultimate Ban of Bitcoin" is there in the mind of most of the crypto investors. Can governments or international government organizations implement their own centralized crypto currencies and ban the mining or ownership of open decentralized ones like Bitcoin and Litecoin? Answer to this question is crystal clear and straight forward. Yes, they can. But the unanswered part of the question is, how effectively they can destroy Bitcoin.
No, they cant ban the bitcoin as bitcoin is decentralized. Even if they stop the mining farms or they stop bitcoins being used in certain places legally, they cant stop the bitcoin overall worldwide. People will and can still use it.
The idea of creating a digital currency is a good one but then than will just be considered as an altcoin and each country's government might have to put in extra effort to make their currency more valuable and might have to use govt. funds to artificial pump it.
Is there any chance goverments to go against bitcoin if they see its something against them??
Different countries have separate ideas about bitcoin.Japan has legalized bitcoin while other south east asian countries like vietnam,south korea have taken actions against bitcoin.Russia is also taking a stand against bitcoin since its president putin termed bitcoin as a pyramid scheme.Even in bangladesh,imprisonment is given for persons using bitcoin.But in future,they could not totally avoid bitcoin and they would have to regulate bitcoin and no other option would be there for them. Bangladesh and nepal against the bitcoin,it is decentralized currency.but most of countries accepting the bitcoin.porn sites,drugs sites accepting the bitcoins.
Porn sites and drug sites accepted alrdy the bitcoin?wow..
Bangladesh and nepal against the bitcoin,it is decentralized currency.but most of countries accepting the bitcoin.porn sites,drugs sites accepting the bitcoins.
Most countries in the world do not accept bitcoin. Due to the bitcoin's security, governments are worried about the use of bitcoin for malicious purposes and the government can not levy taxes from bitcoin transactions.
That's the problem since its decentralized government fear about the involvement of being use in an illegal act and there's also possibilities that bitcoin or any other crypto will be use too in some money laundering that will harmed government so they are against it.Most countries in the world do not accept bitcoin. Due to the bitcoin's security, governments are worried about the use of bitcoin for malicious purposes and the government can not levy taxes from bitcoin transactions.
That's the problem since its decentralized government fear about the involvement of being use in an illegal act and there's also possibilities that bitcoin or any other crypto will be use too in some money laundering that will harmed government so they are against it. 
The novelty of bitcoin doesn't allow governments to do much to stop it. Perhaps transferring a sentiment of uncertainty would cause large investors and organizations in a country to deviate from legitimizing bitcoin through investments but that doesn't have much if any impact on functionality for citizens in the country, and more so elsewhere. So governments are kind of also afraid of missing out.
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