Topic: Maybe governments can stop bitcoin after all - page 2. (Read 11314 times)
I am also very curious to see how governments will regulate cryptos and what impact it has on price, volatility and the market in general. Interesting times ahead.
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.
Bitcoin is decentralized, yes, but doesnt mean it cannot be subject to regulation. If the governments see bitcoin as a threat to them, then they can make moves to control it. If countries see bitcoin as national risks especially in financial security of theirs, then they can ban or regulate bitcoin. It is possible right now as we see several countries that banned bitcoin. Governments is not into bitcoin because they are not benefitting from it.
Government today are not fully against bitcoin, there are some countries are still open operated bitcoin transaction, and i hope government will not stop bitcoin because it really helps people needs in terms of financial, why government plan to stop bitcoin? Maybe it is all about tax? If government stop bitcoin operation, im pretty much sure that it is only a selfish decision without looking for the people situation.
We have to not abuse the use of bitcoin. Some country banned bitcoin because of using it in illegal transactions and not because of the tax itself. When it comes to tax, they have not to worry because there is transaction fee that has to pay and the private company will take responsibility to pay the tax. They have to be aware of that, that we are not earning it freely and do not contribute on the economic growth, otherwise we are surely helping each other for this growth.
They can't make people stop using bitcoin because people will start riots everywhere and goernment will get problems. Nobody want this happen.
Governments can impact on Bitcoin price by spreading the news or imposing regulations to exchanges and banks but they cannot stop Bitcoin. Because the blockchain network mechanism exists forever and it not having the centre that against any damage of outsides.
Well, governments and bank start to realize the danger that bitcoin represents for their power, and you can bet they'll try everything to ban it.
But actually, they only can create some difficulties, because the only way to stop bitcoin is to shut down the internet!
Wrong! You're mistaken and don't understand the operational principle of Bitcoin network. You have to know Bitcoin can run because it has miners, has user. If Bitcoin doesn't have miner to confirm all transaction hash of the network. This network will be die without disappear. But actually, they only can create some difficulties, because the only way to stop bitcoin is to shut down the internet!
It is still waiting until it has miner to confirm transaction hash. And the government can make the Bitcoin miner stop to mining anytime 
.
Even if the bad news is something irrelevant like china illegalizing ICO's or the SEC disapproving a BTC ETF proposal, traders will always sell. When predicting market behavior, traders always follow the lowest common denominator in determining what will happen. I think the banning is a good thing, might have decreased a bit of bitcoin's price, but I believe it was something that the crypto world needs to sit and see and provide better ICO's in the countries that it isn't banned. I am afraid it will have an impact on other countries. although the Chinese government reasoned to close the exchange of bitcoin and would regulate the bitcoin and open the exchange of bitcoin again. but the impact of the closure, the bitcoin value directly down, but now has started to rise again. most miners are being chased by the police and government, but they are still using it. I think that bitcoin can only be made illegal in countries that live in very strict regimes, but even if it gets illegal on many others, people will still use it anyway.
I don't believe that will happen. Governments are trying to control everything, the internet first of all, but they can't stop the progress whether they like that or not.
I'm sure, goverment is some kind of casino, that never loses 
Governments will find a way to benefit from cryptocurrency, if they can't ban any
Governments will find a way to benefit from cryptocurrency, if they can't ban any
Well, governments and bank start to realize the danger that bitcoin represents for their power, and you can bet they'll try everything to ban it.
But actually, they only can create some difficulties, because the only way to stop bitcoin is to shut down the internet!
But actually, they only can create some difficulties, because the only way to stop bitcoin is to shut down the internet!
Of course, the government has an unlimited right to ban bitcoin in its country, probably because they consider that bitcoin can not be controlled so that if it is massively used it will damage the government system.
Yes its a serious discussion but the fact remains that if governments are able to stop internet then its easy to stop bitcoin.
I dont think that goverments will stop bitcoin, because bitcoin is not doing anything wrong and i know that in next few years all goverments in this world is we will support or trust bitcoin because bitcoin is can totally give a good future for a particular country.Not really, I do believe that with proper good governance, there's a way that one governments country can totally shutdown Bitcoin operation or cryptocurrencies in general. The only thing a government needs to do is to create an agency that will work in ceasing Bitcoin and Altcoin operation transactions. If they are dedicated to do this, it also needed funding which they will allocate in hiring excellent programmers, developers and even additional police enforcement to totally shutdown it. Look at what happened with China, they almost eliminate cryptocurrencies in their country. As long that a government is prepared to take some actions that is against with it, there is nothing impossible to do.
Yeah this is the true thing. No goverment can control or manage Bitcoin. Europeans used to try but it didn't work.
That's true, no one can stop Bitcoin invading the whole world. Even the government can't do anything, unless their going to communicate or talk to all internet provider to block all site with regards to Bitcoin matter.
Yeah, maybe you're right. However, in where I live, the government is starting to put so much interest on bitcoin. I never know why but, they started passing up a law that says they will put a large tax on those who used and those who uses flatforms for local currency exchange and that bothers me a lot, since before they never put attention on it. And one more thing, some bad news is coming up on the local tv about it.
Government today are not fully against bitcoin, there are some countries are still open operated bitcoin transaction, and i hope government will not stop bitcoin because it really helps people needs in terms of financial, why government plan to stop bitcoin? Maybe it is all about tax? If government stop bitcoin operation, im pretty much sure that it is only a selfish decision without looking for the people situation.
Yes its a serious discussion but the fact remains that if governments are able to stop internet then its easy to stop bitcoin.
I dont think that goverments will stop bitcoin, because bitcoin is not doing anything wrong and i know that in next few years all goverments in this world is we will support or trust bitcoin because bitcoin is can totally give a good future for a particular country.
Yes its a serious discussion but the fact remains that if governments are able to stop internet then its easy to stop bitcoin.
No, that's not gonna be happen. We all know that government was categorize in centralization system while Bitcoin was categorize in decentralization were obviously the government can't able to control bitcoin because of this wonderful and great features of bitcoin.
I agree in that , our government can't stop bitcoin to be popular nationwide or worldwide . if people continuously idolized and used bitcoin in their investment and transaction they can't stop bitcoin .
I think yes because government has a power to control people, government can control media so they can spread fake news about bitcoin to discourage people who's interested to invest, but the most reasonable that can government do is to make a law about on how they put tax on bitcoin that is the best ideal way.
Quote
I think yes because government has a power to control people
i agree that government has a lot of power and with that power he can then used it to control people and dictate whatever he wants but i think government cant directly control bitcoin because bitcoin itself is a decentralize currency and that simply means no one can hold or regulate it not even the governments or any other people. governments can only control banks or any other physical things that exisits in a offline environment.Quote
government can control media so they can spread fake news about bitcoin to discourage people who's interested to invest,
however i still agree on this and it is actually true or a fact because id already see someone that is doing it and he is falsely discrediting bitcoin on the form of media and social media or any other methods just because he is butthurt and dont believe in bitcoin and maybehe invest on other forms of investment.
Quote
but the most reasonable that can government do is to make a law about on how they put tax on bitcoin that is the best ideal way.
hell no that is not reasonable at all but i think it cant still happen because as i said earlier that bitcoin cannot be controlled directly. 
All what I can see in the above new is that there are lot of fud spreaders in the crypto world. They only spread Fud in order to get cheap coins. The authenticity of the above information should be questioned.
With unlimited power any government can do, including bitcoin banned, but I do not think this is wise because bitcoin can benefit many people and can reduce unemployment.
Jump to: