Topic: Maybe governments can stop bitcoin after all - page 9. (Read 11342 times)
When bitcoin wasn't well known governments didn't think much about it now it is one of this centuries hottest products and has received alot of attention they will see it as a revenue stream they are missing out on and will want their slice. If more and more make ico illegal we will just have coins we have in the market.
If a country or if several countries will declare ICOs as illegal, the providers will simply start their projects in jurisdictions where it is allowed.
Many governments declared online gambling as illegal or regulated it and there are still million of people doing it. You can not stop a decentralized and worldwide system like bitcoin with declaring it as illegal.
Many governments declared online gambling as illegal or regulated it and there are still million of people doing it. You can not stop a decentralized and worldwide system like bitcoin with declaring it as illegal.
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.
The dump is caused by speculators and weak hands, no one that know anything about bitcoin will see a relationship between icos being banned and bitcoin, most of the icos are ETH tokens and have no relationship with bitcoin, now bitcoin is trading at the same levels as before which show to us this was nothing but a speculative dump if it was a real one the price will go down and stay down for months or years.
Well, I think how many people are helped with bitcoin especially for those who have lost their jobs or unemployed people, they are helped by having bitcoin to meet all their financial needs, and many positive things that bitcoin produces, of course it would be very harmful if the government forbids bitcoin, if the government prohibits the bitcoin it will affect people who hold their bitcoin, they will lose the source of income they have been living, it will certainly have an impact on the increase of unemployment in the country
every government of a country does have such a capability, like china, they even had time to make an effect on bitcoin prices. well, but I think it would be very loss if doing that. although I can, but I think it would be very much harmful to people.Well for something that doesn't have any real form, it will.be hard for governments to stop it. Even in china, i don't believe that bitcoin isn't being used. There probably are still a lot of people working around that ban and continues to trade.
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 its hard to be stopped. but if all country declare bitcoin illegal, i wonder what will happen to the market value. what makes goverment cant stop the coin is because the technology that cryptocurrency had such as blochchain . k still believe the future of all of thing related to business is this technology.
Government is really capable of manipulating bitcoins in their country and it will be really hard for everyone if this government departments will vote to shutdown bitcoins in the country, With that cause a lot of company will fight to get bitcoins back to running.
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 its hard to be stopped. but if all country declare bitcoin illegal, i wonder what will happen to the market value. what makes goverment cant stop the coin is because the technology that cryptocurrency had such as blochchain . k still believe the future of all of thing related to business is this technology. I doubt it, government can't stop BTC. They have no control in every digital currency. They cannot trace the person behind for every transaction unlike with banks.
Governments cannot stop anything. Honestly, they try hard, pass thousands of laws, and make cop departments for forcing the laws but still the crime rate is increasing. If we look a little deep into this matter, we find the some politicians who are also involved in wrong doings. Smuggling, killing, human trafficking all are serious crimes but no one is able to control them. Similarly, no one can stop a person from what he plans to do and we cannot control anyone’s internet usage also. Pus, BTC is a good thing.
I doubt it, government can't stop BTC. They have no control in every digital currency. They cannot trace the person behind for every transaction unlike with banks.
Governments cannot stop anything. Honestly, they try hard, pass thousands of laws, and make cop departments for forcing the laws but still the crime rate is increasing. If we look a little deep into this matter, we find the some politicians who are also involved in wrong doings. Smuggling, killing, human trafficking all are serious crimes but no one is able to control them. Similarly, no one can stop a person from what he plans to do and we cannot control anyone’s internet usage also. Pus, BTC is a good thing.
Sometimes I'm confused with the attitude of the government, if bitcoin is useful for its citizens why many countries are banned. although the government knows that bitcoin is a threat to fiat money, it is time to give clear rules that give us certainty.
That is the problem, because if they regulate bitcoin in any particular country then it means we have handed oyur finacial freedom back in their hands , the very freedom bitcoin seeks to bring us. They will centralize it if they get the chance and with that happening then we are better off using our good old fiats.
Sometimes I'm confused with the attitude of the government, if bitcoin is useful for its citizens why many countries are banned. although the government knows that bitcoin is a threat to fiat money, it is time to give clear rules that give us certainty.
They can make an order to stop but they cannot really stop bitcoin. If they do, it will still slip through their rulings somewhere. It is like implementing death penalty to decrease crime rate but the fact is, according to survey, those countries who have death penalty has a higher crime rate than those who dont have.
I think the worst they can do is to make it difficult to use Bitcoin but they cannot stop it entirely. Banning exchanges and some individuals within their jurisdiction can make Bitcoin trading difficult but it doesn't mean I cannot sell to a foreign exchange who will then wire it to me in fiat in my country.
They can make an order to stop but they cannot really stop bitcoin. If they do, it will still slip through their rulings somewhere. It is like implementing death penalty to decrease crime rate but the fact is, according to survey, those countries who have death penalty has a higher crime rate than those who dont have.
I think the worst they can do is to make it difficult to use Bitcoin but they cannot stop it entirely. Banning exchanges and some individuals within their jurisdiction can make Bitcoin trading difficult but it doesn't mean I cannot sell to a foreign exchange who will then wire it to me in fiat in my country.
They can make an order to stop but they cannot really stop bitcoin. If they do, it will still slip through their rulings somewhere. It is like implementing death penalty to decrease crime rate but the fact is, according to survey, those countries who have death penalty has a higher crime rate than those who dont have.
Of course they can stop it, they are the law makers if they knew that bitcoin is a threat to their economy they will take actions. You can not operate bitcoin without the government's permit
You are theoretically right, but why the bitcoin is breaking the law or not going into the interests of the state if it itself recognizes the potential profit for the whole nation.
I don't think the government can stop the bitcoin, but if the government try to deal or stop on it. It cause so much effort than solving a other kind of crime. Much better if they solve first the terrorism than bitcoin as well. Besides, the bitcoin is not unlawful use of violence. What do you think?
Governments made it illegal to pirate music, movies, and others media, but did it stop the world? No. As long as the internet is running, people will find way to use digital currencies, no matter what the authorities say
I doubt it, government can't stop BTC. They have no control in every digital currency. They cannot trace the person behind for every transaction unlike with banks.
Of course they can stop it, they are the law makers if they knew that bitcoin is a threat to their economy they will take actions. You can not operate bitcoin without the government's permit
To a certain extent, governments can do it. Let us just try to speculate here. If each and every government is really bent on killing bitcoin and they would agree with one another that they would all make bitcoin illegal in their respective governments, they can do it. But bitcoin would just have to go underground. They might cause exchange platforms to die but they would not totally do it to bitcoin itself.
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