It's true that governments can't control Bitcoin and cryptocurrencies in general. That is also the reason, why they tried to stop the growth of it by making fun of it or even making it illegal in certain countries.
But i feel like this behaviour has stopped in the last two year or so. Governments noticed that they can't stop crypto and they made some regulations for it.
Most federal banks would still be happy though if crypto wouldn't exist i guess.
Topic: Governments cannot control Bitcoin - page 2. (Read 809 times)
bitcoin and other cryptocurrencies cannot be controlled by a particular government, only local exchanges can be controlled by the government, with a decentralized Bitcoin system making it difficult for the government to get involved in bitcoin, and that's the advantage of Bitcoin. 
Well, all cryptocurrency coins should be like that, decentralized currency.
But some cryptocurrency are centralized because they are created by one organization and can't be mined by anyone unlike bitcoin.
I think mineable coin is more decentralized than unmineable coin because anyone (promote decentralization) can get the coin by mine it.
If you talk about other cryptocurrencies, it will not be potentially controlled by the government, but when you talk about bitcoin, the government will never be able to control or control bitcoin because bitcoin only has movements depending on the owner itself. But some cryptocurrency are centralized because they are created by one organization and can't be mined by anyone unlike bitcoin.
I think mineable coin is more decentralized than unmineable coin because anyone (promote decentralization) can get the coin by mine it.
Well, all cryptocurrency coins should be like that, decentralized currency.
But some cryptocurrency are centralized because they are created by one organization and can't be mined by anyone unlike bitcoin.
I think mineable coin is more decentralized than unmineable coin because anyone (promote decentralization) can get the coin by mine it.
But some cryptocurrency are centralized because they are created by one organization and can't be mined by anyone unlike bitcoin.
I think mineable coin is more decentralized than unmineable coin because anyone (promote decentralization) can get the coin by mine it.
The governments can't control Bitcoin because it is decentralized. It wasn't made in favour of a centralized system where one person or authority can have full power and control over its transaction. The farthest the governments can go is to impose regulations on Bitcoin transactions especially on the exchange sites.
Thats one of the advantages of bitcoin. Bitcoin after all became popular to create untraceable transactions. It was used frequently in the dark web to create transactions that the government wont be able to track.
This is the major reason that every single person love it as it is fully in control of a single person and no government or bank interrupt into your wallet and your assets are in full privacy and safety.
Bitcoin is fully decentralized and I like the idea that Nakamoto is unknown to this day because if he is well known there will surely be some past threat on the guy's life, I'm glad Bitcoin stood on its own and fought all the wars.
Bitcoin is truly decentralized but you must know there was a critical point that makes bitcoin will be less decentralized caused by bitcoin was fully pegged with the exchange site and any coin that claimed to be fully decentralized is not truly decentralized at all. 
Government cannot lay their hands on Bitcoin for now and the only thing they can do is to impose regulation upon exchanges. They can put charges on it and by then this will have an impact upon our trade because this might change the transaction fees a little bit.
Government can't control Bitcoin indeed, but there's a chance that they might pull of something that could able for them control Bitcoin eventually.
Indeed regulation on exchanges are what they can do if the government really wants to somehow get their share for every transaction. Since bitcoin is decentralized they dont have control over it, the reason why some of us prefer to keep our assets on btc instead of bank. However they can set btc or crypto illegal on their country if they want to eliminate the uses of crypto and its not favour to us. Government can't control Bitcoin indeed, but there's a chance that they might pull of something that could able for them control Bitcoin eventually.
Government cannot lay their hands on Bitcoin for now and the only thing they can do is to impose regulation upon exchanges. They can put charges on it and by then this will have an impact upon our trade because this might change the transaction fees a little bit.
Government can't control Bitcoin indeed, but there's a chance that they might pull of something that could able for them control Bitcoin eventually.
Government can't control Bitcoin indeed, but there's a chance that they might pull of something that could able for them control Bitcoin eventually.
The governments can't control Bitcoin because it is decentralized. It wasn't made in favour of a centralized system where one person or authority can have full power and control over its transaction. The farthest the governments can go is to impose regulations on Bitcoin transactions especially on the exchange sites.
Your first line of thought or statement is the perfect answer why government can't control Bitcoin; decentralization is the main reason which has lead to the high trust found in Bitcoin. But as for other altcoins, or maybe a good number of them, they can be easily controlled because even the team cares for themselves first. Also, although there many altcoins which claims to be decentralized, however it is important to know that only few are actually decentralized or somewhat decentralized, while others are just hiding under the claims of decentralization just to exist and keep working.
This is actually the main reason why some governments are still banning the use of bitcoin because they don't know how to get ahold of it. Some are treating this as a competitor of their traditional method like the banking transactions. But since they can't fully control the usage of it, it is better to just regulate the use of crypto rather than totally banning all crypto activities. In that way, they can implement regulations on local businesses dealing with crypto such as local exchanges or remittances.
The governments can't control Bitcoin because it is decentralized. It wasn't made in favour of a centralized system where one person or authority can have full power and control over its transaction. The farthest the governments can go is to impose regulations on Bitcoin transactions especially on the exchange sites.
Your first line of thought or statement is the perfect answer why government can't control Bitcoin; decentralization is the main reason which has lead to the high trust found in Bitcoin. But as for other altcoins, or maybe a good number of them, they can be easily controlled because even the team cares for themselves first. Also, although there many altcoins which claims to be decentralized, however it is important to know that only few are actually decentralized or somewhat decentralized, while others are just hiding under the claims of decentralization just to exist and keep working.
Yes, our governments can't control the bitcoin but they can make it illegal in our countries so that we can't use it no more.
We made the government to ourselves. We gave the full power government to do with us whatever is the best for us. The government can't survive without ourselves, without control we can't survive. Without tax, the government wouldn't support Bitcoin and it's secure transaction process. Do you believe the USA and China don't use Bitcoin this time?US does not have her own cryptocurrency, but China does. China actually created hers, because it has no control over major cryptocurrencies and they thought of ways to mitigate that and the only means to create their own digital currency, which is official
It looks like you have need watched the latest news again.
Not at all mate @OP. There is no way they can control bitcoin unless maybe they rather break the anonymity that comes with Bitcoin transactions. for instance, they can rather enforce cryptocurrency exchanges to make sure that all users undergo strict KYC process in order to trade their cryptocurrencies with fiat currencies.
Bitcoin is kind of private commodity or entity which no government can control fully. But by imposing regulations, transactions can be controlled to avoid money laundering activities. Each government wants to have tax collected by such means, so by regulating they may get benefits out of it.
Yes, our governments can't control the bitcoin but they can make it illegal in our countries so that we can't use it no more.
We made the government to ourselves. We gave the full power government to do with us whatever is the best for us. The government can't survive without ourselves, without control we can't survive. Without tax, the government wouldn't support Bitcoin and it's secure transaction process. Do you believe the USA and China don't use Bitcoin this time?US does not have her own cryptocurrency, but China does. China actually created hers, because it has no control over major cryptocurrencies and they thought of ways to mitigate that and the only means to create their own digital currency, which is official
Yes, our governments can't control the bitcoin but they can make it illegal in our countries so that we can't use it no more.
We made the government to ourselves. We gave the full power government to do with us whatever is the best for us. The government can't survive without ourselves, without control we can't survive. Without tax, the government wouldn't support Bitcoin and it's secure transaction process. Do you believe the USA and China don't use Bitcoin this time?
Bitcoin is fully decentralized and I like the idea that Nakamoto is unknown to this day because if he is well known there will surely be some past threat on the guy's life, I'm glad Bitcoin stood on its own and fought all the wars.
The governments can't control Bitcoin because it is decentralized. It wasn't made in favour of a centralized system where one person or authority can have full power and control over its transaction. The farthest the governments can go is to impose regulations on Bitcoin transactions especially on the exchange sites.
After ten years of trying governments cannot impose their will to Bitcoin community, some countries are still Cryptocurrency on their citizen but it's a futile effort and will not last, by regulating the exchange they can still make money and they have to realize that fiat and Cryptocurrency can co-exist without harming one another.
The governments can't control Bitcoin because it is decentralized. It wasn't made in favour of a centralized system where one person or authority can have full power and control over its transaction. The farthest the governments can go is to impose regulations on Bitcoin transactions especially on the exchange sites.
Without any doubts I totally agree to what you said that any government around the world so far doesn't have any control in bitcoin knowing that it is a decentralized system. But Maybe after some time it can change if all the government will accept how bitcoin really work especially for each economy. 
Yes, our governments can't control the bitcoin but they can make it illegal in our countries so that we can't use it no more.
In the major media, they often do not recognize the existence of this market and often advise people to stay away from it when possible because the risks of participating are great. My country used to be like that, but now things are much different because my national government has realized the potential and surely in the future there will be many good policies for the participants. Jump to: