Maybe governments can stop bitcoin after all - page 5.

Pendularin

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Quote from: aeternus on December 13, 2017, 04:05:15 PM

Quote from: Sled on December 01, 2017, 11:44:44 PM

Quote from: sandy14350 on December 01, 2017, 11:05:08 PM

definately this should be taken into consideration because they litrally are pissed of seeing the huge inflow and outflow of cash through non banking systems and they want to control all these things, so who knows... one day governments can ban all the cash entering into the banking systems through bitcoins

The governments have the power to almost stop everything in this world. If all the governments will be together and convinced all of them to ban bitcoin then it will be the reason for bitcoin to stop working and all of the bitcoin users will undergo to a bankruptcy which is the worst case scenarios in the world of cryptocurrencies.

But for that you will need every single country of the world to do the same thing at the same time, and such a coordinated effort has never happened in the history, you must remember that different countries have different needs that is why some countries have banned bitcoin while some others have decided to accept and tax it like it is the case in Japan.

I think it depend on the leader of the country, that's why other country races stop bitcoin because the leaders they had were greed and don't want their country men to have a freedom of financial stability. All they want is their own pocket to be filled with wealth and not their people's future be filled with blessing from bitcoin. No more reasons to be profound with this matter and all I can say is government could not stop bitcoin because there's no law for it to prevent people have an access through internet.

Koadharber

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Quote from: Ayiranorea on December 11, 2017, 12:22:26 PM

Quote from: warr1979 on December 11, 2017, 12:07:38 PM

Quote from: BabyBoss on December 09, 2017, 01:44:08 AM

Quote from: barbara44 on December 05, 2017, 07:43:39 AM

Quote from: sandy14350 on December 01, 2017, 11:05:08 PM

definately this should be taken into consideration because they litrally are pissed of seeing the huge inflow and outflow of cash through non banking systems and they want to control all these things, so who knows... one day governments can ban all the cash entering into the banking systems through bitcoins

No, You really need to get your facts straight regarding this. Governments are not controlling digital currencies in any way especially bitcoin. Bitcoin is totally decentralized and governments are working day and night to get some good control over this currency to regulate it in their states.

This is the reason many countries have not yet declared bitcoin legal officially. Governments can control only that currency which they have made.

Yeah! They are not yet controlling the bitcoin today or be involve on it because the government not yet know about btc today and I think if they absolutely start to know about bitcoin they will become greedy and give some taxes on bitcoin they will make money from bitcoin and make some businesses about it. But today these is not yet exposed that's why there are not yet stricts or taxes.

The government know Bitcoin, they knew it since the price of Bitcoin reached at $1,300 in 2013.
I can be sure that for my country, because I don't know the government of other countries!
And of course, if they have enough power to manage the Bitcoin users, they will take advantage their power to tax the Bitcoin's user as soon as possible.

Most of the countries have the same thinking when it comes to cryptocurrency. Very few countries has made themselves in a state to accept it, even though they find it highly used for illegal needs. Such a support has helped with the growth of the economy, and following this more countries might provide legal support for bitcoin in the future than thinking about the banning of bitcoin.

Knowing that each country do have different views depending on the leader who do holds it but I do believe most of them will surely prohibit bitcoin because there are lots of things to be affected on negative way which they did already realize that it wont really be ideal for it to be adopted this is why we do see countries which do really prohibit or even make laws that bitcoin is an illegal stuff this is why adoption do really have its blockage.

innocent93

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Even if let's say bitcoin becomes illegal, this doesn't mean that bitcoin and cryptocurrency will disappear, first of all we should look at bitcoin concentrating on the technology behind it, that is what makes bitcoin's value, not just the marketplace.

aeternus

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Quote from: Sled on December 01, 2017, 11:44:44 PM

Quote from: sandy14350 on December 01, 2017, 11:05:08 PM

definately this should be taken into consideration because they litrally are pissed of seeing the huge inflow and outflow of cash through non banking systems and they want to control all these things, so who knows... one day governments can ban all the cash entering into the banking systems through bitcoins

The governments have the power to almost stop everything in this world. If all the governments will be together and convinced all of them to ban bitcoin then it will be the reason for bitcoin to stop working and all of the bitcoin users will undergo to a bankruptcy which is the worst case scenarios in the world of cryptocurrencies.

But for that you will need every single country of the world to do the same thing at the same time, and such a coordinated effort has never happened in the history, you must remember that different countries have different needs that is why some countries have banned bitcoin while some others have decided to accept and tax it like it is the case in Japan.

lazaruseffect11

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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.

It is true that governments in different countries can stop the spreading of the idea of bitcoin in their place. They have the power to ban bitcoin and make the usage of bitcoin punishable by law. The government has also the power to legalize bitcoin because it can help the economy of a certain country to grow more and develop. Also, if the idea of bitcoin is present in a certain country, there will be less poor people because of the capability of bitcoin to help people sustain their financial needs by earning their own money.

JTEN18

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Quote from: JCLee on December 11, 2017, 06:02:11 PM

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 the government in the country hardly be able to completely prohibit Bitcoin trading, because the majority of individuals trading BTC through the trading platform, not direct transactions. The BTC trading floors are located overseas, not in the management of that national government. Because simple BTC does not depend on any currency, any country should ban it is difficult to do, unless the BTC no longer exists.

They cannot stop it because they cannot control the minds of many people unless they will banned it in their country just like Korea will do. Korea believes that bitcoin is just deceiving us from transacting money over nothing that is why they decided to banned it as well. But here in our country they don't have plan to ban it in fact they will legalize it here.

JCLee

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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 the government in the country hardly be able to completely prohibit Bitcoin trading, because the majority of individuals trading BTC through the trading platform, not direct transactions. The BTC trading floors are located overseas, not in the management of that national government. Because simple BTC does not depend on any currency, any country should ban it is difficult to do, unless the BTC no longer exists.

jeanpadel14

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It never happen that goverment stop bitcoin.First of all there is no law violation for bitcoin.And bitcoin helps greatly improve the economy bucause bitcoin we also consider a job specially on people who have no work.Bitcoin give chance to change our life style and support our daily needs.

twostepsally

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Gorvernments can't stop the bitcoin. It sperate one and privates Pearson. So it good to use for the future growth and gather some information from bitcoin. No one can't control this. It will connect the country people. It will connect the country and people gather for the information nand gather future growth. Bitcoin is give opportunity for the improver your self and knowledge. So it good to for the future investment.

Ayiranorea

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Quote from: warr1979 on December 11, 2017, 12:07:38 PM

Quote from: BabyBoss on December 09, 2017, 01:44:08 AM

Quote from: barbara44 on December 05, 2017, 07:43:39 AM

Quote from: sandy14350 on December 01, 2017, 11:05:08 PM

definately this should be taken into consideration because they litrally are pissed of seeing the huge inflow and outflow of cash through non banking systems and they want to control all these things, so who knows... one day governments can ban all the cash entering into the banking systems through bitcoins

No, You really need to get your facts straight regarding this. Governments are not controlling digital currencies in any way especially bitcoin. Bitcoin is totally decentralized and governments are working day and night to get some good control over this currency to regulate it in their states.

This is the reason many countries have not yet declared bitcoin legal officially. Governments can control only that currency which they have made.

Yeah! They are not yet controlling the bitcoin today or be involve on it because the government not yet know about btc today and I think if they absolutely start to know about bitcoin they will become greedy and give some taxes on bitcoin they will make money from bitcoin and make some businesses about it. But today these is not yet exposed that's why there are not yet stricts or taxes.

The government know Bitcoin, they knew it since the price of Bitcoin reached at $1,300 in 2013.
I can be sure that for my country, because I don't know the government of other countries!
And of course, if they have enough power to manage the Bitcoin users, they will take advantage their power to tax the Bitcoin's user as soon as possible.

Most of the countries have the same thinking when it comes to cryptocurrency. Very few countries has made themselves in a state to accept it, even though they find it highly used for illegal needs. Such a support has helped with the growth of the economy, and following this more countries might provide legal support for bitcoin in the future than thinking about the banning of bitcoin.

warr1979

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Quote from: BabyBoss on December 09, 2017, 01:44:08 AM

Quote from: barbara44 on December 05, 2017, 07:43:39 AM

Quote from: sandy14350 on December 01, 2017, 11:05:08 PM

definately this should be taken into consideration because they litrally are pissed of seeing the huge inflow and outflow of cash through non banking systems and they want to control all these things, so who knows... one day governments can ban all the cash entering into the banking systems through bitcoins

No, You really need to get your facts straight regarding this. Governments are not controlling digital currencies in any way especially bitcoin. Bitcoin is totally decentralized and governments are working day and night to get some good control over this currency to regulate it in their states.

This is the reason many countries have not yet declared bitcoin legal officially. Governments can control only that currency which they have made.

Yeah! They are not yet controlling the bitcoin today or be involve on it because the government not yet know about btc today and I think if they absolutely start to know about bitcoin they will become greedy and give some taxes on bitcoin they will make money from bitcoin and make some businesses about it. But today these is not yet exposed that's why there are not yet stricts or taxes.

The government know Bitcoin, they knew it since the price of Bitcoin reached at $1,300 in 2013.
I can be sure that for my country, because I don't know the government of other countries!
And of course, if they have enough power to manage the Bitcoin users, they will take advantage their power to tax the Bitcoin's user as soon as possible.

Sled

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Quote from: mikel00 on December 09, 2017, 02:10:07 AM

no i dont think so bitcoin can stop by the government because bitcoin its not illegal

Bitcoin can be and cannot be illegal in some particular ways. One of the perspective that we can see that bitcoin is illegal is when they are using bitcoin to do some illegal activities like buying and selling drugs, firearms and other stuff that they can transact. Government can just shut down bitcoin if they want to like making a law against bitcoin and banning it. But as of now, it is not happening because most of the governments are looking at bitcoin as a potential opportunity for their country.

mikel00

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no i dont think so bitcoin can stop by the government because bitcoin its not illegal

medsi2

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In my opinion Bitcoin (and cryptocurrencies in general) can't be stopped by governments. I like Decentralization for THIS REASON!
Maybe governments will get involved (or they are already involved) in controlling exchanges, so I believe that decentralized exchanges and Anon Coins will have a bigger portion of marketcap in the future (for avoiding taxes and incomes.)

BabyBoss

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Quote from: barbara44 on December 05, 2017, 07:43:39 AM

Quote from: sandy14350 on December 01, 2017, 11:05:08 PM

definately this should be taken into consideration because they litrally are pissed of seeing the huge inflow and outflow of cash through non banking systems and they want to control all these things, so who knows... one day governments can ban all the cash entering into the banking systems through bitcoins

No, You really need to get your facts straight regarding this. Governments are not controlling digital currencies in any way especially bitcoin. Bitcoin is totally decentralized and governments are working day and night to get some good control over this currency to regulate it in their states.

This is the reason many countries have not yet declared bitcoin legal officially. Governments can control only that currency which they have made.

Yeah! They are not yet controlling the bitcoin today or be involve on it because the government not yet know about btc today and I think if they absolutely start to know about bitcoin they will become greedy and give some taxes on bitcoin they will make money from bitcoin and make some businesses about it. But today these is not yet exposed that's why there are not yet stricts or taxes.

zhelis74

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Quote from: fuer44 on December 09, 2017, 01:20:29 AM

I think the government has no good reason to close bitcoin. so far, bitcoin doesn't have a bad effect on the government. so, before any case concerns bitcoin, I don't think the government can ever close the bitcoin.

On every issue that i have hear of why some government did not go for bitcoin is because they say bitcoin is an accessory of criminality and i think that is not the reason, since we ever know that anything about money can be a source of criminality if it is abusively do. Bitcoin is really a big help of almost all practical people around the world, we earn it and spend time and effort or generally we work for it and so the reward is the bitcoin and then is there anything wrong with that?

fuer44

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I think the government has no good reason to close bitcoin. so far, bitcoin doesn't have a bad effect on the government. so, before any case concerns bitcoin, I don't think the government can ever close the bitcoin.

waynechong1995

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swing!

I think so far governments wouldn't have control against crypto as long they stays on blockchains, decentralized. Yeah it's possible for for governments to make massive ban on owners with clarification along with severity of audition towards fiat/crypto platform services providers. People are picking up confidences on crypto even though they are exposed to risks of being illegal, you can't kill the network transaction could still happens, even one day let's say a massive trial go against exchanges or like bitcoin developers and price's are gone. Still crypto in general would just simply goes on and up & downs and continue.

Hxyro

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Bystander that oversees everything that's happeng

The question is could they REALLY stop the community or its holder from using bitcoin? xD
there'a a lot of ways from hiding it xD Bitcoin is already proven back then that its not good because of its anonymous transactions can be use in black market or any other illegal thing yet is still Popular until now xD

Napole0n

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The government can certainly stop bitcoin at any time, but this will never reduce or stop bitcoin, a simple example is china which is the biggest user and government banned bitcoin but does not reduce bitcoin performance at all.

Topic: Maybe governments can stop bitcoin after all - page 5. (Read 11342 times)