Government trying to stop bitcoin, what I see - page 9.

wxa7115

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Bitcoin is GOD

Quote from: StImelda on September 18, 2018, 05:23:33 AM

Here is what I see each time the government tries to stop or control bitcoin-

Bitcoin is designed to be censorship resistant, peer-to-peer payment system designed to remove the control by centralized institutions like banks . When bitcoin eventually achieve mass adoption, it will not really be much of an issue if some Governments place a ban on it within their countries.

The picture is hilarious, but it is the truth, governments are trying to stop cryptocurrencies but it's going to be impossible for them to do it because cryptocurrencies were created in such a way that they can resist such censorship, from the very beginning satoshi saw this and planned for it, and governments are very confused about what to do with them, if they forbid them then they are showing their hand and telling the people that they are not willing to accept competition in the realm of fiat.

But if they do not do it then people are going to keep adopting cryptocurrencies and the problem is going to become larger and larger, and if they try to regulate the market people are just going to ignore the regulations because they do not have to obey them because the government doesn't even know who they are.

mutrang23

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Quote from: AAKODI on September 18, 2018, 06:41:45 AM

Quote from: StImelda on September 18, 2018, 05:23:33 AM

Here is what I see each time the government tries to stop or control bitcoin-

Bitcoin is designed to be censorship resistant, peer-to-peer payment system designed to remove the control by centralized institutions like banks . When bitcoin eventually achieve mass adoption, it will not really be much of an issue if some Governments place a ban on it within their countries.

That is not a surprise and they are trying to do that through media and many sources most of the time but what they haven't understand that how can they control a decentralized currency. Because if they wants to stop a fiat currency or a social media site they can just take down there system through politics or lows but for bitcoin the core network is not centralized to any organization or a group of people so they can make bitcoin holders to fear and sell there assets or make some local restrictions but other than that nothing can be done until we have faith in it and that is the most important fact that can decide the bitcoins future

Create a door, but people do not need to go it. The rules for Crypto will be negatively affected but will not be able to control it. Everything is in incognito mode, and many people can fake personal information to pass KYC, which can not control Crypto by the basics.

Gozmoc

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It just takes a matter of time for the government to realize the importance of bitcoin to the world at large.

gandalfar

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Affected by the bleak economic future and high unemployment, young people are focusing on digital money despite the risks and warnings from the authorities. So the government will never be able to ban the Bitcoin, they can only make regulations for Bitcoin.

phelbaby

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Government have always been on the neck of bitcoin,some but not all actually want to make sure that bitcoin is brought to nothing but this fight will come to nothing because some Government are approving it making it illegal

Dikarama7

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Sovryn - Brings DeFi to Bitcoin

The government prohibits the use of bitcoin as a currency, but I think the government can't ban those who adopt bitcoin. even though the government banned bitcoin but bitcoin will still be able to survive and develop due to decentralized bitcoin.

Kuga_ZA

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The banking overlords hate BTC, so they are doing everything in their power to lock it all up. You cannot kill an idea, you cannot kill something that is decentralized.

brooklynian

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Government can only try to stop cryptocurrency but they will not succeed at the end. There is no way to overcome a decentralized system. All they can do is create panic by sponsoring FUD through media. By the time bitcoin reaches mass adoption, nothing will be able to stop it.

akram143

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Quote from: Dragonhell on September 26, 2018, 10:41:11 PM

I think the fact that Bitcoin countries are banned from their country may be because they fear that if Bitcoin becomes a form of payment as their currency, then their currency may be devalued. And they may not yet see the economic impact of their country if Bitcoin is allowed.

Government will not say that they don't accept Bitcoin at anytime but they need some more time to accept cryptocurrencies to the part of their economic my opinion is it will definitely happen soon and government will accept Bitcoin at one time.

FlightyPouch

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Quote from: Bobtong on September 26, 2018, 09:34:45 PM

Most developed countries have already legalised Bitcoin (except China) so we can see a good trend, other countries will probably follow, they can't ignore the future and they are not fools

China is not the only country that banned Bitcoin. In fact there are also a lot of countries you don't know that banned Bitcoin especially the countries with internet censorships. China is a developed country, in fact it is one of the greatest country in terms of the market so I don't think you need to belittle China.

Ruth Ellis

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That is not new topic! However, It is really impossible for governments to stop bitcoin. Firstly, Bitcoin is decentralized and under uncontrolled by governments. Secondly, Bitcoin is all around the world, all governments can not peer-to- peer stop Bitcoin. Finally, BItcoin can make profits legally so citizens will not accept to eradicate Bitcoin out of their life.

Dragonhell

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I think the fact that Bitcoin countries are banned from their country may be because they fear that if Bitcoin becomes a form of payment as their currency, then their currency may be devalued. And they may not yet see the economic impact of their country if Bitcoin is allowed.

Bobtong

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Most developed countries have already legalised Bitcoin (except China) so we can see a good trend, other countries will probably follow, they can't ignore the future and they are not fools

Tahir460pk

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Mostly countries same behaviour regarding bitcoin their are alot of reasons involving with it like it's a virtual currency and no look anywhere and also rumours of scams thats why some countries government trying to stop bitcoin.

ryap12

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Governments cannot over power bitcoin by banning. No matter what they do, there will always be loophole. The reason they are banning it actually affects them in so many way especially a corrupt government. It also depends on how they see bitcoin and how they use it.

tanxpresisit514

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Quote from: grabpopcorn536 on September 26, 2018, 10:19:31 AM

The government may ban Bitcoin in their country, but they can not ban their people from participating in Bitcoin. In my country, the act of issuing, providing, using illegal means of payment (including Bitcoin and other similar virtual currency) is considered illegal and may be prosecuted. But let's look at how we stay active and more and more people know about Bitcoin. This world is growing by technology and Cryptocurrency is an example.

I agree with you, the government is afraid that bitcoin will master financial transactions where the government cannot intervene because the bitcoin system is peer to peer and anonymous. If the government cannot control the financial system in its country, there can be a financial monopoly that leads to control of state assets.

marlonbatotoy

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I think there is a reason why goverment always try to stop and give a bad information about bitcoin so people believe that bitcoin is scam or what ever but as my own survey to my friends and other people they know there is a scam but they believe that bitcoin is a real deal..

Exidous

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lol. nice pictures. we need a tool to transfer our money around the world and no way bank can do it better than bitcoin so long live bitcoin

grabpopcorn536

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The government may ban Bitcoin in their country, but they can not ban their people from participating in Bitcoin. In my country, the act of issuing, providing, using illegal means of payment (including Bitcoin and other similar virtual currency) is considered illegal and may be prosecuted. But let's look at how we stay active and more and more people know about Bitcoin. This world is growing by technology and Cryptocurrency is an example.

javainn

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I'm sure and optimistic that the government will never be able to try to stop bitcoin in any way, right now I think the government can only provide regulation in the country without being able to provide one step including stopping bitcoin unilaterally.

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