Maybe governments can stop bitcoin after all - page 13.

criz2fer

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Quote from: Hutalar on October 14, 2017, 06:37:14 PM

Quote from: neonshium on October 12, 2017, 12:22:36 AM

Quote from: e-coinomist on September 22, 2017, 10:39:03 PM

Quote from: saenko on September 22, 2017, 02:09:48 PM

Quote from: Master_dandosha on September 22, 2017, 02:04:48 PM

I don't think that government able to control bitcoin because it is decentralized but market mess will be created over and over against bitcoin and alternative coins .

Panic in the market is created by those people who do not want to believe that bitcoin is a very strong coin. With every minor news, they begin to panic. I think that the government has no way to ban bitcoins

Jamie Dimon taken as a recent example. His bashing did not really caused a panic, but his origins are to be considered.
Goverments are overated in a globalized society. Corporations expanded into the scale of countries. There are banks of that size.

A goverment has ruling limits documented by their constitution. Any of the other players of compareable sizes are not limited by something even similar. I think they are the real thread. And those got a lever into politics by lobbying, bribery or other means.

I don’t so because still the governments have no control over bitcoin because of decentralization. They can just ban the trade in bitcoin like China. But as we see that now China is also has a soft corner for bitcoin and may they legalize bitcoin in the near future. The statement of a single person should not be taken seriously. It is his personal opinion and not the voice of all the people around the world.

Government can only stop bitcoin in their country if they have any kind of control over bitcoin. Since bitcoin is decentralized in nature, so the government has nothing to do with stopping of bitcoin. Like you said, government can only ban using of bitcoin in their country but that is also not possible as the people are earning very good amount of profit from bitcoin which is making the economy of their country better.

Does the government can block the internet site? Just like in China, facebook was banned. I think the government of a certain country can stop bitcoin, but as a whole it would be impossible. Some country are interested in this new technology which they want to adopt because of faster system of transaction which blockchain can offer. Bitcoin will grow exponentially if other countries will follow.

BitcoinBallerina

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Governments can try to stop Bitcoin but they will never be able to stop Bitcoin. Bitcoin was created by math and coding, which is a language. You cannot stop these things.

Flodemaga

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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.

gabmen

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Quote from: pathapoddo on October 14, 2017, 09:27:14 PM

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.

I think would be next to.impossible to block.crypto entirely no matter what governments do. They may put restrictions but people, smart people that is, will always find a way. And there are also a lot of countries in support of btc and crypto so there's a solid support there

pathapoddo

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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.

tengek37

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Why should be stopped, whereas bitcoin is a potential to improve the economic growth of a country, especially if the government is able to make regulations about bitcoin surely the country will get a new tax source of bitcoin that can be used to build the country.

chickenado

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Quote from: millgates on October 14, 2017, 06:08:48 AM

Quote from: coin_1122 on October 14, 2017, 04:43:22 AM

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.

Not really because if government can stop bitcoin it should be from the very start when an operation has made. Somehow governments are wise to give their support to bitcoin but at the same time they don't really accept it officially in our society. They may control the flow of bitcoin's rate hence,they can't totally omit bitcoin because it is getting stronger. Certainly,many researchers of bitcoin who are protecting behind them so that nothing will happen eventhough it is controlled. The only reason why governments keep on stopping bitcoin is the chance that people will be more provided for themselves financially and I think it isn't fair. Governments should support all people's aim so that we help each other more to build a better country someday and stopping bitcoin won't help us to develop our economy into a successful and good economic rate.

Hutalar

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Quote from: neonshium on October 12, 2017, 12:22:36 AM

Quote from: e-coinomist on September 22, 2017, 10:39:03 PM

Quote from: saenko on September 22, 2017, 02:09:48 PM

Quote from: Master_dandosha on September 22, 2017, 02:04:48 PM

I don't think that government able to control bitcoin because it is decentralized but market mess will be created over and over against bitcoin and alternative coins .

Panic in the market is created by those people who do not want to believe that bitcoin is a very strong coin. With every minor news, they begin to panic. I think that the government has no way to ban bitcoins

Jamie Dimon taken as a recent example. His bashing did not really caused a panic, but his origins are to be considered.
Goverments are overated in a globalized society. Corporations expanded into the scale of countries. There are banks of that size.

A goverment has ruling limits documented by their constitution. Any of the other players of compareable sizes are not limited by something even similar. I think they are the real thread. And those got a lever into politics by lobbying, bribery or other means.

I don’t so because still the governments have no control over bitcoin because of decentralization. They can just ban the trade in bitcoin like China. But as we see that now China is also has a soft corner for bitcoin and may they legalize bitcoin in the near future. The statement of a single person should not be taken seriously. It is his personal opinion and not the voice of all the people around the world.

Government can only stop bitcoin in their country if they have any kind of control over bitcoin. Since bitcoin is decentralized in nature, so the government has nothing to do with stopping of bitcoin. Like you said, government can only ban using of bitcoin in their country but that is also not possible as the people are earning very good amount of profit from bitcoin which is making the economy of their country better.

millgates

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Quote from: coin_1122 on October 14, 2017, 04:43:22 AM

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.

ToyotaFortuner

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Quote from: OmegaStarScream on September 05, 2017, 03:49:41 AM

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.

I think this is unlikely and will not happen because we are headed to a digital world, and bitcoin is a digital currency that can be used for the future and nobody can master bitcoin even the government or international bank also can not master bitcoin

rayneh

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Quote from: coin_1122 on October 14, 2017, 04:43:22 AM

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.

No one can even try to ban bitcoin as china tried there people come against china. Now bitcoin is local in china because bitcoin having ability to do something different in your life. So i'd like to say that we should be forever with bitcoin. Because bitcoin is a opportunity provider to people which is best quality of bitcoin let's see the best price of bitcoin and go for holding some bitcoins.

coin_1122

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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.

ronafurw

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Quote from: BartS on October 12, 2017, 10:24:41 AM

Quote from: appleffi on October 04, 2017, 11:02:03 PM

I don't think government can stop bitcoin in the coming years but I do think they will soon have a share on each individuals who use bitcoin to gain profit, especially when they pass a law to tax bitcoin users. Also if I were to based it on my countries condition, bitcoin has not yet caught their attention or any other digital cryptocurrency that is available around the world.

No one can stop bitcoin if they cannot stop torrents and people from downloading movies and video games or from streaming their favorite shows, then they are not going to stop bitcoin, people think of governments as all powerful and while they are powerful there are things they cannot stop and bitcoin is one of them and I’m sure they have realized that.

That is actually the matter of fact. No one can demolish bitcoin even you are talking about governments as well. They can control the people for using software, playing online games and streaming videos and much more. As long as internet and computers or laptops are here in this world, nothing can make bitcoin disappear from the crypto world.

Vastraint

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Quote from: senne on October 02, 2017, 02:06:25 PM

Government can't ban Bitcoin completely because people will always find some ways to do transactions through bitcoin. But if Bitcoin is termed illegal then it could quite difficult because then it cannot be converted into local currencies, hence no use for the citizens of that countries. Then if they want to use their stored their Bitcoin the only possible way I can see is that shifting to a country where it is legal and then converting into Local currency

Hmmm. I dont think they can ban bitcoin completely the bitcoin because they will pushed people into pressure and make it illegal but because people are slowly having an awareness in cryptocurrencies and its underlying potential in the financial imfrastructure. They might be able to hold it for a little while but not longer. Have you seen china ditching out cryptocurrencies but announce that they will make their own?
Some are just afraid to lose thier crown in controlling the money of people.

joshua10

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they might not be too much to say if bitcoin would still stop them just supporting them so that they can help their users do not know how much bitcoin helps people if they stop it they will not succeed many people lose their jobs and many will be affected so if they do not have a good deal with bitcoin if they stop it then it will be better then they just support them so they can help

JohnBitCo

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Quote from: bestluck on October 08, 2017, 06:34:20 PM

Quote from: splat44 on October 08, 2017, 05:17:53 AM

No one can stop bitcoin. how many times does the government shut down bitcoin? many many times right!? Bitcoin is unstopabble. Bitcoin will give growth in every country we belong. so governments should educate themselves to merge their money to blockchain.

No government will stop it, because they know very well that bitcoin has potential to give boost to their national economy and those who will do this stupid thing they will cut off their development and they will lag in each and every field of progress and no government can do this because citizen know better than government what is best for them and what is not and bitcoin is best,

Government, even they wish to stop or ban bitcoin cannot succeed because bitcoin can be used online so virtually no government can stop it. And those who tried to stop it or even declared publicly to ban bitcoin, faced massive reaction from the people, no citizen of any country wants the bitcoins to be stopped.

speedy963

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Quote from: lordquanta on October 09, 2017, 01:43:11 AM

Quote from: bestluck on October 08, 2017, 06:34:20 PM

Quote from: splat44 on October 08, 2017, 05:17:53 AM

No one can stop bitcoin. how many times does the government shut down bitcoin? many many times right!? Bitcoin is unstopabble. Bitcoin will give growth in every country we belong. so governments should educate themselves to merge their money to blockchain.

No government will stop it, because they know very well that bitcoin has potential to give boost to their national economy and those who will do this stupid thing they will cut off their development and they will lag in each and every field of progress and no government can do this because citizen know better than government what is best for them and what is not and bitcoin is best,

Many countries find exact opposite situation of what you are saying about the bitcoin giving boost to their national economy. For example, China govt purposefully devalued the value of their currency. Why was done? it was done under the impression that if yuan price remain higher then foreign investment may decrease and may go to other countries. This triggered the volunteer devaluation. However this national interest decision wrecked havoc for wealthy people from china. These wealthy people suddenly discovered that without any loss in business, their net worth has reduced. Thus it is observed that these people turned to the some specific gambling casinos (which acts as currency exchanger ) and crypto currency and started sending money out.

I think you maybe have a point dude, as well as the others also have been worried if what might be happening if bitcoin will be officially banned by each of the states, and the worst scenario is that the government maybe would think that people having bitcoins are criminals maybe, because they objected the law. In my own point of view maybe the reason why it could be banned or hopefully not someday, is because they see it as an economical enemy by the government, and maybe they think it could outplayed their system, and adding on those uncontrollable transactions happening. Correct me if i'm wrong.

Rosochka

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government can not stop bitcoin

sariz12

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Quote from: AleSergio on September 05, 2017, 12:30:28 PM

I think the problem of all cryptocurrencies is not goverment, but its volatility. The Chinese wind has blown in negative way and we have seen a huge dump in one day. Today we see some positive news about cryptocurrencies in Russia and everything is stabilizing. Goverment cannot stop bitcoin, but it can truly speculate as much as they want.

Government will always be government if ever they will pass a law that can really kill Bitcoin it only means that they need someone from the legal team of Bitcoin to give them tax for them to continue to ignore Bitcoin. The reason why Government will possibly do this is because the more people who uses Bitcoin the less they are getting from the tax. Because as we all know if we used Bitcoin we can use this for transaction, buy and sell or even in gambling and those are the things that government get tax. And I also think that The government didn't shutdown even once they are just trying to regulate bitcoin but they don't shutdown bitcoin because they can't since it is decentralized.

kanayaTabitha

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as long as bitcoin becomes a medium of exchange and not a virtual currency may not be a problem like yesterday. most countries forbid bitcoin because there are many irresponsible parties that make ico as money laundering.

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