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Topic: Maybe governments can stop bitcoin after all - page 12. (Read 11342 times)

hero member
Activity: 700
Merit: 553
may be they can stop bitcoin Smiley how they can stop eth, waves , dash ,or other currencies, briefly how they can stop blockchain tech. it is not logical, government should be familier to this techonology.
full member
Activity: 265
Merit: 100
Pretty kewl right?
Nowadays more and more companies are getting involved with BTC, the longer it is the harder it is to stop, I really doubt government can stop BTC, it's impossible not even China can make a difference, Government may ban the use of BTC but it will always prevail
sr. member
Activity: 434
Merit: 250
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No government can never stop bitcoin , they might stop the exchanges for fiat but the transaction itself can never be stop by the government since nobody owns the bitcoin network , If they want to stop bitcoin they have to shutdown all the miners all over the world which is very imposibble
full member
Activity: 322
Merit: 100
well no they can't that is actually the most impossible thing that can be heard they can stop people using it but not at all because they can only destroy and stopped the bitcoin if they just shut down the internet.
sr. member
Activity: 2030
Merit: 323
That's one huge problem when you become more mainstream. No one gives a shit about what bitcoins are about, they just want to profit in terms of fiat. It's so wacko I can't even believe there are still people out there that will blindly follow whatever their governments do. It's a joke. Everyone needs bitcoins or something similar. If you don't realize it yet you'll be way behind.
well, and I do not think the government can stop it. even more so if a lot of people are dependent on bitcoin. I mean that their main income comes from bitcoin. well, even if the government makes it illegal, very many people are still looking for it. especially if the government makes illegal bitcoin for no reason.
I agree with you that a government can ban bitcoin in his country but cannot stop survival of bitcoin in somewhere because bitcoin is not in control of someone government or person and due to this nature people like bitcoin very much so don’t worry about bitcoin because it cannot be stopped by someone government or country in the world and keep continue smoothly business in bitcoin.
full member
Activity: 742
Merit: 101
 Huh
This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.


Of course they can. The government in China stopped it's people from using porn sites. So, I think it is also possible for the government around the world to stop bitcoin as well. Although, before they do that, they need to provide a good reason behind it first.
full member
Activity: 336
Merit: 121
bitcoin is now famous in the whole world and a big number of people are involved in bitcoin because they are earning a good profit easily and in less time. so it is good for bitcoin future and now if any government or person are trying to bitcoin then they have no such authority to ban or affect the bitcoin price because of large number of bitcoin follower from the whole world.
hero member
Activity: 826
Merit: 501
If they want they cannot ban the Bitcoin now because Bitcoin is technology based currency and many people are supporting the Bitcoin for better results.
Right now for governments, it is not possible to ban the Bitcoin because without governments involvement the value is kept increasing in the market.
Yes,  no one can stop bitcoin.  Government can try,  but they are always fail. Their inability to control bitcoin networks scares the heck of them, so they make terrifies regulators. The underlying records of the transactions are copied all over the internet. Some government try to make bitcoin price fall but we saw this almost immidiatelly rally back to new highs.
No government wants to ban such a valuable coin that bring profit and revenue to the region and also raises the financial condition of their citizens and bitcoin Is very beneficial because this will bring a lot of profit and governments will not kickoff such a strong an profitable coin, and those who want to harm this coin will surely suffer in future and they will pay about it.
maybe it depends upon the situation because if time comes that the government notice that the unemployment of the country will rise and its all because of majority focus on bitcoin and resign their steady job from where the government can earn tax from the employee..so therefore the government loses their employment taxation.
hero member
Activity: 700
Merit: 553
may be but the long term , some governments will win which support blockchain technology. they have to be involve this technology otherwise, it will be late for them.
full member
Activity: 294
Merit: 102
There's a lot of countries who finally recognized bitcoin that's why it's impossible for all of the country to banned it, i dont think so that the government will gonna stop bitcoin instead  maybe some of them are gonna use it now that they already see the potential of btc and how reliable it is look at when china ban ICO's it affects btc but look at it now it bounce back like nothing happens...
sr. member
Activity: 491
Merit: 250
On the last years since bitcoin had reached 1000 dollars and had lost a huge part of its value media had said bitcoin were dead, countries didnt had to act into it to see it die, they were wrong bitcoin just growed and becamed more stable and with a lot supporters over it. Nowadays if any country consider bitcoin ilegal it will raise the price for those, they cant stop it anymore, trading p2p, bitcoin atm, the future cant be stoped , neither people voice.
Bitcoin is the progressing coin of this time and in near past when china bans bitcoin in his region people are asking that it will die without china but bitcoin proved that it is not confined to any region and bitcoin defeated china successful although prices fall down to 3000USD but now they are rising and recent price is 5000USD and bitcoin has achieved its milestone breaking all the hurdles in its way.
legendary
Activity: 2716
Merit: 1017
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This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.
Maybe they can but only his countries do not support Bitcoin. The government only forbids the citizens to use Bitcoin and does not fully have control Bitcoin. After china banning ICOs and his local exchange the price is dropped but a few days later it's recovered it mean Government do not have fully control of Bitcoin.
full member
Activity: 252
Merit: 100
I think the government can not stop the bitcoin because many people benefit from it rather than stop them why they do not support so that they can help the people who use it more bitcoin even better than they are just stopping they will not succeed because that's because many people do not like what they want so many people will be so slow that they just do not want to try it better then just keep silent ...
full member
Activity: 127
Merit: 100
Governments have the force to control a centralized system, but it is more difficult to control Bitcoin. It would be like cutting down the Internet as it is working currently. China and Russia are banning ICOs and exchanges, and are reluctance about bitcoin use, but plans B arise in the crypto community. Other countries like Japan try to regulate them and issue licenses to companies enabling them to operate as legal cryptocurrency exchanges as a way to develop a fintech industry.
hero member
Activity: 980
Merit: 506
If they want they cannot ban the Bitcoin now because Bitcoin is technology based currency and many people are supporting the Bitcoin for better results.
Right now for governments, it is not possible to ban the Bitcoin because without governments involvement the value is kept increasing in the market.
Yes,  no one can stop bitcoin.  Government can try,  but they are always fail. Their inability to control bitcoin networks scares the heck of them, so they make terrifies regulators. The underlying records of the transactions are copied all over the internet. Some government try to make bitcoin price fall but we saw this almost immidiatelly rally back to new highs.
No government wants to ban such a valuable coin that bring profit and revenue to the region and also raises the financial condition of their citizens and bitcoin Is very beneficial because this will bring a lot of profit and governments will not kickoff such a strong an profitable coin, and those who want to harm this coin will surely suffer in future and they will pay about it.
hero member
Activity: 1022
Merit: 511
government can not stop bitcoin
Bitcoin is a very profitable thing not only in order to make the owners of bitcoin but can also help in making the economy of the country better. There is no point of stooping the trade of bitcoin by any government as this will only take a very good opportunity from the people of that country. In fact government should look for the ways through which they can promote the usage of bitcoin.

full member
Activity: 926
Merit: 100
This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.

basically the government will not be able to control or power in bitcoin. bitcoin is the common digital currency is just a substitute for paper currency into digital currency only.
sr. member
Activity: 630
Merit: 251
I am worried about this.If it happen, what will we do then.Recently Russia also talk against cryptocurrency.I think they will also block the cryptocurrency.


Although many countries are banned cryptocurrency, I'm sure this will not be able to stop the performance of cruptocurrency, this is because the user continues to increase and can not be stopped.
legendary
Activity: 1302
Merit: 1037
The government's regulation of bitcoin transactions should instead consider bitcoin illegal. because if indeed the government can really mean it then the country can get more income than bitcoin subsidy.
No government will kick the development and progress chance out from their country and bitcoin is the major chance of development and economy stability and those who are using it see their economy and their development state and compare with those who are not and governments will not be jealous to their citizens if they are making clean and clear money.
Really? What do you think about the cryptocurrency world are become the speculation place than an investment market? You also know too many new investors participate in this market, of course you will think this is a good signal to help Bitcoin grow more. But the fact is not great as your thought, too many newbie synonymous there are many "investors" have not any knowledge and become speculators.
As growth of bitcoin is concerned it has crossed all the hurdles in its way and people who say that bitcoin will be banned by governments answer to them is governments are not so stupid so that they can cut their bridge that leads the way to the development and economic stability and bitcoin is all about business development and profit who will ban it no one will,
sr. member
Activity: 798
Merit: 255
This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.
Oh well yes! It is because people needs to secure their money that is why they are so emotional about the dumps of bitcoin. If bitcoin will become illegal well yes their are money holder who are already afraid to hold bitcoin in that situation maybe their are only few holders still hold and believe in bitcoin. And it so sad to believe that in that situation their are only 2% of holders would still believe and keep hold bitcoin.
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