Government Controls Crypto? | Bitcointalksearch.org

Newlifebtc

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Quote from: NatureMoves on April 16, 2021, 09:32:57 PM

Ok so there are people who say that crypto is decentralized and cannot be controlled by the government. How can this be true when the government can shut down the companies or networks where you are able to buy, sell, or send crypto? What do you guys think? Do you all think that crypto is truly decentralized and cannot be controlled by the government or can they? Maybe not directly but indirectly controlled?

Government and its policies can't shut down or stop crypto but rather they can illegalize it within there jurisdictions and make subscribers or users look like offenders

dimonstration

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Dimon69

Quote from: Dread Pirate Roberts on May 08, 2021, 11:44:24 PM

Goverment only can make regulation because bitcoin based on blockchain system which never can control by anyone its already on internet and nobody could control or use it as their desire. and also why goverment need to controls it ? its out of their right and system.

Sometime government fears the rise of scam transactions using cryptocurrency that makes them banned it before, however since they cant control the continuous use of crypto and fast adoption of it throughout the world tgey can just limit it thru the uses or authorization to other companies in using, hopefully they will just accept the fact that transactions will only be controlled by the user themselves and not them.

JohnBitCo

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Quote from: jerrison on May 08, 2021, 06:36:05 PM

Government does not control anything related to crypto and infact that's the reason why they are fighting hard to bring it down. Imagine turning all the blockchain projects and crypto into the hands of government, that means we did not get any form of liberty. Government has no hand in it.

Luckily government has no control over our funds and crypto and they can't take hold of it. Consider for a moment, if government has the power to stop the block chain technology. They would have stopped the blockchain technology and would want us to be their salves and keep on using the banking fiat system.

Dread Pirate Roberts

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Goverment only can make regulation because bitcoin based on blockchain system which never can control by anyone its already on internet and nobody could control or use it as their desire. and also why goverment need to controls it ? its out of their right and system.

Asuspawer09

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Quote from: NatureMoves on April 16, 2021, 09:32:57 PM

Ok so there are people who say that crypto is decentralized and cannot be controlled by the government. How can this be true when the government can shut down the companies or networks where you are able to buy, sell, or send crypto? What do you guys think? Do you all think that crypto is truly decentralized and cannot be controlled by the government or can they? Maybe not directly but indirectly controlled?

The government can't do anything on cryptocurrency, I mean yeah maybe they can do something but they cannot fully control cryptocurrency or bitcoin at some point.

The government can maybe ban bitcoin in a country but it doesn't really make it effective because they cannot block everything, I mean if you're in North Korea probably you could do that but it's gonna violates everything. It's like stopping the internet which is impossible, people make a lot of ways to still buy and invest in crypto, and the government cannot stop that if people wanted to.

I think a part of it can be controlled or can be manipulated at some point if you have a big money but having full control of it is impossible because there are so many factors affecting it.

jpnl0006

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No government in the world can claim to have control over crypto whether it is being used int it's soil or outside the soil of the government as the system was designed to flaw the centralized government systems

jerrison

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Government does not control anything related to crypto and infact that's the reason why they are fighting hard to bring it down. Imagine turning all the blockchain projects and crypto into the hands of government, that means we did not get any form of liberty. Government has no hand in it.

scarface97

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I hope governments will accept cryptocurrencies. governments should not be against cryptocurrencies. This is necessary both for the development of the cryptocurrency market and for people to invest comfortably. Although some states put bans, I hope they will remove them as soon as possible. Cryptocurrencies and their technologies will benefit us all in the future.

Spack17

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It is a sure thing that no government can control cryptocurrencies. Because there is noone owns them already as they are decentralized as the name implies. They can't cantrol it but they can prevent the anonymity at least by demanding info about which wallet address belongs to whom.

nurilham

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If the country is very strict with cryptocurrency, I don't think that they can also control cryptocurrency, except that the crypto is issued by the government itself. But, if it is about certain exchanges in certain countries, they may be able to control the exchanges based on the regulations of exchange itself.
Nobody can control crypto moreover in the market about the price because it really depends on the market itself.

Rkss4

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Quote from: NatureMoves on April 16, 2021, 09:56:16 PM

What if an exchange or website still allows for sending, buying and selling crypto despite the government making it illegal, can it be called a decentralized exchange??

No one can stop me buying and selling Cryptos but governments can stop using cryptocurrencies if the want. Something they forced on traders and investors to stop money laundering.

verita1

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I agree with how some members think: Governments can declare the use of cryptocurrencies illegal. But I also think that by this time of the game if we speak in sporting terms, it is remotely likely that this will happen.
Cryptocurrencies have entered our countries and citizens have made use of them because we live in freedom. We have not asked the government for permission to do so for the same reason to enjoy freedom the same freedom that was conquered by our ancestors.

BuNga_cute

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Quote from: KaliLinux on May 05, 2021, 01:11:42 AM

Quote from: BuNga_cute on May 04, 2021, 06:26:07 PM

Quote from: kawetsriyanto on May 04, 2021, 06:09:26 PM

The government may not be able to control each crypto, one by one because the cryptocurrency itself is very volatile and also depends really on the market.
however, yes you are right that government can shut down the exchanges of crypto that are being in their country's regulation. Every country has different rules and regulations related to crypto. And a company needs certain permission and also law to build a company itself including cryptocurrency exchanges. And when the exchanges are not suitable or conformed to the country's regulations, the exchanges will be banned or blocked.
This also happens in my country where every exchange must be registered in one of the institution in our country to enable to run in Indonesia

I agree that the government has the power to close the exchanges registered in the country, even if it can do extreme things. Like banned
cryptocurrency, but that doesn't mean the government can really control crypto. Because I have a friend where he lives in a country that
rejects crypto and punishes its citizens who are caught using crypto. But still my friend can still buy crypto and own it, so it is impossible
for the government to fully control crypto.

True. We understand that the Government have the power for all that but like you mentioned, that is not the actual control, just because they are able to ban the transactions of crypto in their country does not mean they directly control it cos like you said, likewise in my country the Government has place a ban on cryptocurrency trading but many people are still in crypto trading via which even other means they can. So you see, they are not in direct control.

I am sure that if more and more large companies start investing in Bitcoin, your country which still prohibits crypto trading will change its mind.
Moreover, there are rumors that Alibaba will buy Bitcoin in large quantities, I hope these rumors come true. In order to open the eyes of countries
that are still banned Bitcoin, in the end I believe all countries will accept cryptocurrency. So just be patient for those of you whose government
in your country cannot accept cryptocurrency yet. Because I believe in the future they will allow their citizens to trade crypto.

dkbit98

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Quote from: NatureMoves on April 16, 2021, 09:32:57 PM

Ok so there are people who say that crypto is decentralized and cannot be controlled by the government. How can this be true when the government can shut down the companies or networks where you are able to buy, sell, or send crypto? What do you guys think? Do you all think that crypto is truly decentralized and cannot be controlled by the government or can they? Maybe not directly but indirectly controlled?

There is no company that government can close for Bitcoin, and there is no ceo's to arrest and question, but you can't say that for most other altcoins that are not really decentralized.
According to Luke Dashjr, Bitcoin currently have almost 80,000 nodes and it is really decentralized, compare that with other coins that mostly run their software on VPS and you can't call them decentralized.
Binance than forks that and run it between 10 to 20 people they choose, and call it a ''DEX'', it would be funny if it wasn't reality and I wonder what would Satoshi say about all this circus.

Mila52

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Quote from: javainn on April 17, 2021, 01:12:38 AM

Quote from: NatureMoves on April 16, 2021, 09:32:57 PM

Ok so there are people who say that crypto is decentralized and cannot be controlled by the government. How can this be true when the government can shut down the companies where you are able to buy, sell, or send crypto? What do you guys think? Do you all think that crypto is truly decentralized and cannot be controlled by the government or can they?

governments are only authorized to exercise crypto control in their own country. the government of a country does not have the right to control crypto globally. I think it's natural because every country has different rules and views on crypto.

To every action there is always counteraction . Even if the government declares operations with cryptocurrency illegal, there will always be a way to implement the exchange of bitcoin for fiat,because a lot of funds have been invested in this asset by whales and corporations. The capitalization of bitcoin is more than a trillion dollars. Therefore, the governments of countries should better legalize operations with bitcoin and just get taxes from it.

Kayum10029

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Cryptocurrencies fully Decentralized plafrorm which already spreaded among the people that's a way that governments and central bank can't control bitcoin transactions at all. Even if any countries banning cryptocurrencies then another countries allow bitcoin.

sapnu

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Quote from: NatureMoves on April 16, 2021, 09:32:57 PM

Ok so there are people who say that crypto is decentralized and cannot be controlled by the government. How can this be true when the government can shut down the companies or networks where you are able to buy, sell, or send crypto? What do you guys think? Do you all think that crypto is truly decentralized and cannot be controlled by the government or can they? Maybe not directly but indirectly controlled?

Cryptocurrency is definitely decentralized, you can say that at some point it can shut down companies and networks but other mode of transactions would still be made available. Even though they will choose to make crypto illegal, they don't have the enough power to stop people from buying, selling, transacting and trading crypto. That's the least they can do, banning it or making it illegal but it will just soon show that crypto is way more powerful than them and at the same time, the cannot get it under their control no matter how hard they try.

Chato1977

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Quote from: NatureMoves on April 16, 2021, 09:32:57 PM

Ok so there are people who say that crypto is decentralized and cannot be controlled by the government. How can this be true when the government can shut down the companies or networks where you are able to buy, sell, or send crypto? What do you guys think? Do you all think that crypto is truly decentralized and cannot be controlled by the government or can they? Maybe not directly but indirectly controlled?

lol Your government ? best that you put those companies that has been shut down by each government and not just spreading FUD here.

Crypto is bannable but not controllable better put that in mind.

Quote from: Mamun74 on May 05, 2021, 03:41:37 AM

I think, government can't stop crypto buying and selling. Government can ban specific his countries. So government will not control cryptocurrency. So it will be continued.

Yups because even if they Ban the exchange yet there are still p2p that can still manage to make the trade flowing.

Mamun74

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I think, government can't stop crypto buying and selling. Government can ban specific his countries. So government will not control cryptocurrency. So it will be continued.

jesselui

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Trident Protocol | Simple «buy-hold-earn» system!

They cannot make a complete control and control mechanism. However, in order to prevent money laundering and terrorist financing, states will regulate to prevent tax evasion. These arrangements can be good for users. Thus, the stock markets will be subject to more control and they will not be able to steal people's money.

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