If strong countries in the world decide to stop this market. Can they do it? - page 2.

makolz26

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Quote from: EvieeHist on April 22, 2018, 10:41:41 AM

Quote from: jonathan6655321 on November 05, 2017, 08:27:20 AM

If strong countries in the world decide to stop this market. Can they do it?
I understand the power of blockchain, but i really wonder if there is a way for REALLY strong countries to stop this market and also stop the people from trading/using it.
what do you think?

I think that even though all powerful states stop in contributing and stop support for the existence of bitcoin I do not think it will have a big effect on the bitcoin nature, the bitcoin article is built not on the will of the state, but it is built on a system that I think is so good, safe from interference from any party including government.
the market will continue to be crowded as long as people still need each other, among developers and corporate investors as well as other support. so that determines the cessation of the crypto market is not a strong country though but the breakup of various parties who are connected and connected in blockchain crypto. it is very unlikely because it crossed the reality.

Well, if countries such as USA and Japan will do stop and decide to stop the market then the tendency is that bitcoin will go down but let us not think of this thing because it won't happen, so there is no way to be worried about such thing.

infested

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Quote from: jonathan6655321 on November 05, 2017, 08:27:20 AM

If strong countries in the world decide to stop this market. Can they do it?
I understand the power of blockchain, but i really wonder if there is a way for REALLY strong countries to stop this market and also stop the people from trading/using it.
what do you think?

They can't stop cryptos but they can reduce the fiat gateways right now. After cryptos see mass adoption they wont be able to do anything to stop them.

tegarp90

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Which market ?
I think they not able to do that since bitcoin is decentralized, so no one can stop it.

wireless1889

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Yes they can in my opinion. Since bitcoin is accessed through internet many people can come up for the transaction or the sites to be blocked in the country. Some other countries already banned bitcoin. But they shouldn't do it though because bitcoin might or will help their community to cope up, bitcoin can lessen the poverty rate of a country in this prior matter and it will help their economic status as well.

1020kingz

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No, they can’t stop this market. Even those powerful countries have their own cryptocurrency, Thus they can’t stop bitcoin but they can regulate the transaction of bitcoin. Around the world many people trading and using cryptocurrency, stopping it would be more hard than regulating it. Don’t be worried your over thinking over things that will not happen.

EvieeHist

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Quote from: jonathan6655321 on November 05, 2017, 08:27:20 AM

If strong countries in the world decide to stop this market. Can they do it?
I understand the power of blockchain, but i really wonder if there is a way for REALLY strong countries to stop this market and also stop the people from trading/using it.
what do you think?

I think that even though all powerful states stop in contributing and stop support for the existence of bitcoin I do not think it will have a big effect on the bitcoin nature, the bitcoin article is built not on the will of the state, but it is built on a system that I think is so good, safe from interference from any party including government.
the market will continue to be crowded as long as people still need each other, among developers and corporate investors as well as other support. so that determines the cessation of the crypto market is not a strong country though but the breakup of various parties who are connected and connected in blockchain crypto. it is very unlikely because it crossed the reality.

Amelial

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All of depens on government also the peole in the country, if they always do btc so government can not stop.btc

Lyly Coline

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The SEC has issued three strict regulations for ICO donors to prevent fraudulent practices in this form of investment. Therefore ICO investment in the United States is very restrictive of ICO investment, where individuals wanting to buy ICO must prove they are an investor and their source for ICO investment is legal. This is how the government controls bitcoin. They can.

Awraawra

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Quote from: jonathan6655321 on November 05, 2017, 08:27:20 AM

If strong countries in the world decide to stop this market. Can they do it?
I understand the power of blockchain, but i really wonder if there is a way for REALLY strong countries to stop this market and also stop the people from trading/using it.
what do you think?

it is only the higher officers who can answer this question,but in my opinion if strong countries in this world decide to stop this market,well..i know that they can do it but if our force is very strong they can never do it,because we will fight for our right and if we will tell our reasons i know that they will understand us.

jhache

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All these countries cant agree to one thing currently and theres no way all these countries are going to come together and ban the crypto market. Also even if they ban it, it wont help them as crypto currencies are decentralized and what that means is that no one has control over it but everyone. So even if they ban the markets, it wont work.

saiharden

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Bitcoin is just starting its way. So far, people will be interested in him, stop him, no country can. For society, bitcoin can be a salvation.

Leighton Walker

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Support from the government is very important. In recent years, the fintech industry has increasingly become "blockchain" and many laws have been enacted to encourage development. In addition to Europe, blockchain is almost a goal that Europe wants to build in order to build a system of transparency and sharing of data between markets and organizations in the region.

Sar elok

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Quote from: jonathan6655321 on November 05, 2017, 08:27:20 AM

If strong countries in the world decide to stop this market. Can they do it?
I understand the power of blockchain, but i really wonder if there is a way for REALLY strong countries to stop this market and also stop the people from trading/using it.
what do you think?

I think it allows a stronger country if the State banned the circulation of bitcoin in his country. The policy of a country depending on who its leader. If State leaders the strong countries resent the bitcoin, they will create a law banning bitcoin in his country.

lizardbtc

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Quote from: Flomo on November 05, 2017, 09:25:01 AM

it might be possible, but on what basis do they do it? by stopping the free market from blockchain they have to have a good reason. because already many people and almost all countries use it.

I do not believe it is in their interest, because exchanges produce an income and thus pay huge amounts of taxes. When people from other countires register and verify their accounts they can collect that data from people and then track whatever else they might need. The only way some will consider this is because it may threathen their economy or whatever and then you will still have the ways to trade it since some countries wouldn't have problem with enabling people to do so.

Kakmakr

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Countries can target several aspects of Crypto currencies with strict regulations. We see some countries accepting Bitcoin, but they are apposed to ICOs, so they will not ban all Crypto currencies, but rather concentrate on regulating these ICOs. The Chinese government is cool with Bitcoin mining, but they concentrate on regulating the exchanges where currency are converted to their reserve currency.

It is all about money and control, so if you play by their rules, then everything will work out for you. Roll Eyes

jahn_quid

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It's not in government interests to let decentralized applications run unfettered. At the same time, I don't think there have been any full indications as of yet that any country wants to simply stop cryptocurrency or blockchain. If anything, states are trying to understand if they can centrally control it.

Discourze

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It's very unlikely they could eliminate Bitcoin entirely.

Though new regulations are coming, there's only so much control they can actually have. Unless they somehow manage to physically stop every miner, there's very little change they can have a finite effect.

Take China, for example, they've made all ICO-related investments completely illegal, yet millions of Chinese RMB are still being invested and hundreds, if not thousands, of people are still hodling their tokens. Could the gov't find out who each of these people is and confront them, take them to jail... Maybe, but it'll take them a really long time, and most people will just go to a jurisdiction that won't be so tight on their rules.

Blockchain is the future because it needs no centralised servers to hold it, it's a free currency.

Conal Garcia

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Governments have responded differently to bitcoins, ranging from anxiety, fear, to total acceptance, although there is a difference, but all the same is the decision to behave. With Blockchain or Bitcoin and the electronic currency are calculated very carefully and seriously. If all the governments are against bitcoin, we have met the end of the world.

Xavofat

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Did you see that ludicrous display last night?

What would happen:

-The price collapses extremely dramatically (at least 90% of the way down).
-The majority of people try to panic sell through P2P means and leave, never intending to come back again.
-Those who care stick around (especially the anti-government types in America and occasionally other countries), but they use mixers illegally and take further steps to protect their privacy.

If they were really adamant to get rid of BTC altogether, they would most likely try a 51% attack, which would be significantly easier because less people would be mining when the price was lower. In that case, they may be able to manipulate unconfirmed transactions and potentially mess up BTC altogether.

However, this is almost certainly not going to happen.

Flomo

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it might be possible, but on what basis do they do it? by stopping the free market from blockchain they have to have a good reason. because already many people and almost all countries use it.

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