Topic: Government Controls Crypto? - page 6. (Read 895 times)
If government bans Bitcoin, people can still use peer to peer network for Bitcoin activities. But doesn't p2p require a software? Can the website that offer that software be taken down by government? So the government can still indirectly control bitcoin?
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?
Yes, the government can shut down centralized exchanges and companies but they will never shut down p2p activities. When it comes to decentralization, I believe the cryptocurrency industry is a mix of fully decentralized, centralized, and semi-decentralized cryptocurrencies.
Bottomline, the government can affect cryptocurrency adoption but it will have a hard time shutting down or controlling cryptocurrency because of its decentralized nature (see Bitcoin as an example). But any cryptocurrency that have a central authority will always be susceptible to government control.
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?
^ I do not really think you have done your homework before you asked this question. You should know what is the meaning of being decentralized first then you come back here, and tell us what’s your perspective. Nevertheless, regarding your concern, the government banning companies that sell, trade, and buy Bitcoins won't affect the decentralization of Bitcoin and other cryptocurrencies. That is a different story, my friend. They are not really associate. Decentralization is for the platform itself. But some theory is saying that there is a way for the government to control the decentralization and that is if they will mine empty blocks. But that was not proven right yet. 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?
Well they can shut down an exchanger, OTC exchange etc but wallet stays online all the time. You can always exchange the crypto from one address to another without any trouble. Exchangers are just platforms to trade your currency like that of share market and stuff. However, bitcoin can be stored in the wallet, whether it is paper wallet, hardware or software wallets. Government does not have control on them. Plus miners are working all over the globe, if one government shuts operations then they will pop up in another country or another miners will increase the power. The network is huge, and by this time it's impossible to take down the bitcoin. So chillax mate, it still remains decentralised one.
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?
Sure, shutdown my favorite exchange. I will do p2p transaction with other people that holds Bitcoin around my area. 
Cryptos like Bitcoin is decentralized. Nobody knows who is the one that holds a certain amount of Bitcoin behind those addresses.
Only control they can do would be shutting down every crypto related stuffs in the internet, but hey people still have the power to use VPN.
Sure, shutdown every single site to download VPN. People would make mirrors site of it still.
No government can prevent people from investing in cryptocurrencies. There has been some governments that tried to do it but people still continued to invest in them. They can make it illegal to use it when buying things. But they can't prevent people from trading.
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?
They can Shut down the companies or best called "Exchange" whenever they wanted but this not means they can stop Bitcoin to circulate .There are many option on how to buy, sell and use bitcoin aside from those closed exchange.
and remember that there are countries that banned Bitcoin in their countries but some of their people are still Having and joining Bitcoin.
Gov can make crypto illegal. It can ban crypto like in India so you won't be able to buy something there.
I'm pretty sure you can do P2P transactions albeit more troublesome compared to when it is legal. How can this be true when the government can shut down the companies where you are able to buy, sell, or send crypto?
Most people refer to the network when they're talking about decentralization. Those companies are running a business on top of that network, if they shut down their operation, the network itself is still running just fine. It's not about buying/selling things either, transactions aren't necessarily have to be a purchase or selling of crypto from a company. I think you should read more about this decentralization from the links shared above, or google it yourself so we're talking the same thing. 
Do you all think that crypto is truly decentralized and cannot be controlled by the government or can they?
Forget the word "crypto". Saying that cryptos are decentralized is wrong, because some of them are not, for example XRP. You may read the words "cryptocurrency" and "decentralization" together in a sentence, but that won't mean that every single cryptocurrency works like Bitcoin.Yes, the bitcoin network is consisted of nodes making their own decisions, but they each make the same decisions as one another, which makes it completely decentralized. You shouldn't be confusing exchanges with Bitcoin. Exchanges are authorities that sell an asset, while Bitcoin is that asset. A government cannot forbid you broadcasting a message to a peer-to-peer network unless they forbid internet.
Even if they illegalize it, they won't achieve anything significant. And that's because there isn't anything to stop/ban. Only a protocol. RapidShare was taken down, but what about BitTorrent? Why is it still alive?
I hope I answered your question.
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?
They cannot control the blockchain. The way they make claims many times in the history of the cryptocurrency market has proven that. They cannot impose the prosperity of an advanced technology, financially liberal and democratic. So far, what they've been able to do is use decrees and regulations to indirectly contain them. Until new elements are embraced. They couldn't do anything else. Specifically, some countries remain neutral on bitcoin vsf crypto. Cryptocurrency can be also controlled by the government depending on how they will regulate it .
Can't call it "controlling" tho, because by regulating they can't really enforce something through crypto. Not like banks, which easily seize your funds through just 1 click. Worst thing govs can really do is enforce some kind of investigation on you. Otherwise, you're free to move your own money. 
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?
No government can stop me from buying, selling, sending or receiving crypto. The worst they can do is to make it illegal.
And that's what other countries did. They banned or illegalize bitcoin because they want to become involved in all of economic activities.
One of the best thing in crypto is that it is decentralized and we have financial freedom when we have it.
Cryptocurrency can be also controlled by the government depending on how they will regulate it .
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.
Gov can make crypto illegal. It can ban crypto like in India so you won't be able to buy something there. But no one can stop us from buying, holding and sending BTC. Gov has it's influence but doesn't control it.
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?
I dont think that is the kind of control we are talking about, Government might be able to Ban which is the word I would use, Ban any organization that is affiliated with Crypto dealings in their country but this doesn't mean they are in control of the crypto ecosystem and I dont believe that all Government will do this at the same time. Look at countries where this has happened already, did it stop the people from dealing in crypto still? no. I know this for sure cos my country is one of such. 
Do you all think that crypto is truly decentralized and cannot be controlled by the government or can they?
We don't think like you think, because we've been doing transactions and trading in Bitcoin for a very long time.If I think you are wrong thinking about the process of running Bitcoin: (decentralized).
Before you ask about: 'Bitcoin bans' by governments and other organizations, you must first understand what is related to the Bitcoin network.
Please Read:👇
Bitcoin network.
Once you understand the working system of Bitcoin, you will understand the meaning of (decentralized).
Next: now that you have read all about the Bitcoin network, now back to your topic, if it is explained that it is too long it requires two pages to be written in this forum, for that, why can't the government carry out a ban permanently and cannot be controlled by the government.
The reasons are here: 👇
Can a cryptocurrency like Bitcoin get hacked or shut down?
Quote
Can Bitcoin get shut down / turned off?
Just as Bitcoin has never been successfully 51% attacked, it has also never been shut down, even for a short amount of time. Many actors such as government institutions and banking officials have proposed shut-downs of the Bitcoin network before but Bitcoin has run with virtually 100%-uptime for almost ten years.
Under really extreme circumstances, there are few scenarios that could spell the end of Bitcoin as we know it. For instance, a massive global power outage shutting down all communications and the internet around the globe could prevent nodes in the network from contacting each other, causing the system to fail.
Just as Bitcoin has never been successfully 51% attacked, it has also never been shut down, even for a short amount of time. Many actors such as government institutions and banking officials have proposed shut-downs of the Bitcoin network before but Bitcoin has run with virtually 100%-uptime for almost ten years.
Under really extreme circumstances, there are few scenarios that could spell the end of Bitcoin as we know it. For instance, a massive global power outage shutting down all communications and the internet around the globe could prevent nodes in the network from contacting each other, causing the system to fail.
You are full of confusion.
For starters only bitcoin and a limited handful of alternative cryptocurrencies are decentralized. In fact majority of altcoins specially the top 10 are very centralized.
Secondly nobody (including government) can prevent individuals from communicating with each other, that is what a P2P network is and bitcoin is built as a peer to peer currency without any centralized authority. So much so that even if the government shuts down the internet they still can't shut down bitcoin! But when something is centralized, like the centralized shitcoins like XRP, or like centralized services like exchanges, all they have to do is to go to the centralized place and shut them down.
For starters only bitcoin and a limited handful of alternative cryptocurrencies are decentralized. In fact majority of altcoins specially the top 10 are very centralized.
Secondly nobody (including government) can prevent individuals from communicating with each other, that is what a P2P network is and bitcoin is built as a peer to peer currency without any centralized authority. So much so that even if the government shuts down the internet they still can't shut down bitcoin! But when something is centralized, like the centralized shitcoins like XRP, or like centralized services like exchanges, all they have to do is to go to the centralized place and shut them down.
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??
You're probably misunderstanding the meaning of "decentralized". A platform is decentralized if there isn't a single authority that has power over the platform, instead, authority and decision making is spread out to multiple parties. Just because a certain exchange continues operation despite illegalization doesn't make it "decentralized".
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??
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?
Cryptocurrency is decentralized and no one can be able to control it even the government. The government will not be able to control cryptocurrency because it is decentralized and it's network itself, even they will be able to successfully shut down the exchangers where people are buying and selling their cryptocurrency still there will be other exchangers that will be pop up in order to sell their cryptocurrency, people will still be able find ways in order to make their cryptocurrency into fiat money. They can also ban it and make it illegal but still people will be able to use it no matter what happens. Jump to: