Topic: Legal system guiding Bitcoin that the govt. would always fail to regulate it. (Read 100 times)

It is undoubtedly a difficult problem, with several elements to consider. One point to consider is that bitcoin is based on blockchain technology, which is intended to be distributed and resistant to manipulation. This implies that any attempt by governments to control cryptocurrencies risks undermining the fundamental ideas upon which it was built. Another thing to examine is cryptocurrency's role in fostering financial inclusivity. Many individuals throughout the world do not have access compared to conventional financial services, and bitcoin might enable them to participate in the global economy. Furthermore, it is unclear how regulation will function across countries and authorities.

Government in the US is the people.     

This is the same reason the government hasn't banned easter baskets: individuals like the the rules the way they are. () 

Some of the funnier stuff that I have heard^^.

Twice in the past Bitcoin reached the $64,000 range. The only reason it went $10,000 higher this time is because of the ETF game. None of it has anything to do with Biden or Dems any more than it has to do with Reps.

Government wants to control everything, including Bitcoin. But people say 'government' like it is a person. ALL, 100%, of government is simply people acting a part. They can easily lose their position to other people. In addition, most of their power exists because non-government people think that it does.

The reason why the banking system hasn't taken Bitcoin down already, or introduced their CBDC, is that banking and government individuals like Bitcoin the way it is. Anybody who thinks that bank and government people don't use Bitcoin for their own, often illegitimate, activities is extremely naive about people and power.

You are being way too vague here. What exactly do you mean by "regulate Bitcoin"? Right now you can buy, sell and hold Bitcoin and the only thing the government cares about is paying your taxes just like you would any other investment that gains in value. There's no sign the US government "wants to control" Bitcoin--whatever that means.

Bitcoin is up 500% under Biden, so if you are going to make this partisan, then your party is the Democrats.

I have gone through the post and comment, just want to share the basic why Bitcoin can neither be regulated nor the government can support Bitcoin because Bitcoin is decentralized and there is no mean for government to control it as the ownership doesn't stay with one person or group, secondly government wants to come teol everything and since it cannot control decentralized assets hence Bitcoin and government can never be on same page.

There appears to be a division between those who regard Bitcoin as a danger to government authority and control and others who see it as an advocate for good that may contribute to the creation of a more equitable and open financial system.

And there's another element to consider here: the influence of technology in all of this. As Bitcoin and other digital currencies become more advanced and blockchain technology evolves, it is attainable that new solutions might arise to solve some of the regulatory issues and prevent fraud or other criminal activities. This might assist to keep the world of Bitcoin healthy and viable, while still protecting its essential ideals of openness and independence.

The answer to your question is simple. The US government has no authority to regulate Bitcoin, based on the laws of private property, and a whole bunch of Supreme Court cases going back almost to the formation time of the US. In fact, the law forbids it. And in the case of Private Membership Associations (PMA), the government formally has to allow the people their freedom for private ventures.

The only reason government has been able to encroach on Bitcoin as far as it has, is the fact of technicalities in the way government approaches citizens. Because the people don't realize how great their freedom of private property is, AND how to basically protect it, they lose in the court system.

If Bitcoin transactions were done privately, with a proper statement in the memo section of the transaction regarding the privacy, and a declaration of privacy regarding every transaction made known, government could not legally regulate bitcoin. In fact, if someone started an exchange under privacy laws, government would have a difficult time of legally regulating it at all. Where is the Bitcoin privacy? It's in the hash, which nobody can circumvent or break.

That's how strong privacy laws are. You can see it in the fact that even police are supposed to get a warrant before they can legally come onto you private residence or land. Judges don't hand out warrants likje candy, because they can be disbarred if they do it for nothing.

Focus on privacy laws and the Private Membership Association, and enforce your privacy freedom thereby.

Note that the PMA is for the US only. But British, Canadian, Australian, and India privacy laws are just as strong when properly handled in court.

How do you fight the unknown enemy, bitcoin is going to remain ra mystery to them because its a decentralized digital currency and they cannot regulate it, but they have the right on regulating other cryptocurrencies and institutions under crypto because those are centralized, they pay tax to the government and the government regulate them all, but with bitcoin, this has become a serious problem for them to be able to achieve.

Formally I was thinking why can't the government successfully gain the influential authoritative power in regulation of Bitcoin and other cryptocurrencies based on their (governments) interests towards the digital technology currencies since it is attractable to them the government with the usual saying that... "No one is above the government" and "no power of authority is above the government".
But in there I keep questioning and asking... Why can't the same government force in to influence the crypto industries?

But after much of my possibilities and impossibilities comparison towards this mindset, I understood that Bitcoin and also the crypto currencies are economic entities operating in a global range of corporatives surrounded with the potential significances to challenge the governments authoritive policies.
This particular instincts has also fused me in considering an existing thread in this forum that discusses about politics and Bitcoin relativity which particularly emphasized on how Bitcoin gains great heights when things goes right with Donald Trumps and when things goes left with him Bitcoin also depreciates in values. https://bitcointalksearch.org/topic/m.63839433

However, Bitcoin has successfully been an existing non-custodial digital technology based on the impactions of the legal system implemented by the same governments.
Despites the falseful accusations being pointed towards the crypto industries of being illegal and a fraudulent deceptives development by its anti agencies, Bitcoin has existed to be reputable and integrified digital technology unwilling to be answerable to any form of government to dispute its decentralization.
It is therefore considered of gaining its ground via the public relations and the marketing influences which has the potentials of subduing of economical challenges.