The U.S. Government Tried To Shut Down Bitcoin - page 2.

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Quote from: GideonGono on November 06, 2019, 10:05:30 AM

Quote from: error08 on November 03, 2019, 10:02:34 PM

This is one of the old story, they have tried and they failed. There is no any government that can shut down bitcoin due to bitcoin proof of work, consensus, nodes, and miners that spread across the world. Now they just regulate it and watch over everyone who registered on exchanges, tax is one of the reasons they do that.
The government can ban bitcoin, exchanges, and miners, but they can't prohibit people using it under the radar, bitcoin is the money of freedom.

But the government can control the country and if they control their country from using bitcoin then it will have a huge effect from the price of bitcoin like the China do.

There has a lot of young millionaire from US that I heard from using bitcoin when they are kid because of their advanced technology so why they need to shut it down?

China is probably the largest market for bitcoin. China's ban on crypto has made people much more aware of bitcoin. And Chinese people trade bitcoin and other cryptocurrency P2P.
Which is also the real intention for cryptocurrency. Many of the merchants too accept crypto in China despite the ban.
US is a much more friendlier nation for freedom of people. And they'll probably not go against a lot of people to restrict the use of bitcoin in the US.

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Quote from: error08 on November 03, 2019, 10:02:34 PM

This is one of the old story, they have tried and they failed. There is no any government that can shut down bitcoin due to bitcoin proof of work, consensus, nodes, and miners that spread across the world. Now they just regulate it and watch over everyone who registered on exchanges, tax is one of the reasons they do that.
The government can ban bitcoin, exchanges, and miners, but they can't prohibit people using it under the radar, bitcoin is the money of freedom.

But the government can control the country and if they control their country from using bitcoin then it will have a huge effect from the price of bitcoin like the China do.

There has a lot of young millionaire from US that I heard from using bitcoin when they are kid because of their advanced technology so why they need to shut it down?

error08

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This is one of the old story, they have tried and they failed. There is no any government that can shut down bitcoin due to bitcoin proof of work, consensus, nodes, and miners that spread across the world. Now they just regulate it and watch over everyone who registered on exchanges, tax is one of the reasons they do that.
The government can ban bitcoin, exchanges, and miners, but they can't prohibit people using it under the radar, bitcoin is the money of freedom.

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I think most countries do not like bitcoin and cryptocurrency. including the United States government. they don't like bitcoin and cryptocurrency because anonymous and unregulated cryptocurrency can be used for criminal acts such as drug trafficking and terrorist financing. and I think if now the United States government wants to stop bitcoin I think it's too late because bitcoin has grown rapidly and already has a lot of investors all over the world.

Wintersoldier

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They can possibly see the advantage and goodness bitcoin can bring once it has been implemented to China. But it will be too late for them if they can't figure out the crypto development race that is already starting between all countries to start and adopt cryptocurrency especially bitcoin. US might be having a fear on how bitcoin can impact to their government and people, they will surely try to stop or shutdown it, but it is backed by the whole world. If they want to become in line with the latest financial technology, they should turn the table and see the difference between their fiat and bitcoin.

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Quote from: Sirait on November 03, 2019, 02:12:52 PM

Quote from: Aying on November 01, 2019, 01:12:04 AM

Quote from: Oneandpure on October 31, 2019, 11:42:17 PM

Trump always want to banned bitcoin as investment assets in their country and never give permission to bitcoin become legal as transaction and investment assets in United State, he want to make bitcoin gone in United State of America and many country do not use bitcoin for investing assets, he want to make investor never know with bitcoin currency and like for investing with USD money for every transaction and investment assets.

Yup, US president and other leader of country want to banned or eliminate bitcoin or crypto. they know that they didn't control it as long as people continue to use it. government don't have a huge benefit in crypto. that's why they want bitcoin to drop down. bitcoin is so very popular that even government had the pressure to remove it. so basically they don't want people uncontrol because of bitcoin era.

Bitcoin is hated by many world leaders because it is not centralized. I am very confident that in the future there will be more world leaders who develop their cryptocurrency as opposed to Bitcoin.

remember. Bitcoin cannot shut down, Bitcoin can only be opposed.

maybe not hated,but need to regulated.bitcoin and cryptocurrency at this moment recognized as good investment place.many people thinking this the fastest way to be rich.and we know many bad man trying to cheat investors by creating fake projects and tak their money.this is that government want to prevent they have task to protect their citizen from fake investment,and issue many policy that considered as step to take down crypto.we have to realistic in crypto market too many lie that harmed investors.

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Quote from: Aying on November 01, 2019, 01:12:04 AM

Quote from: Oneandpure on October 31, 2019, 11:42:17 PM

Trump always want to banned bitcoin as investment assets in their country and never give permission to bitcoin become legal as transaction and investment assets in United State, he want to make bitcoin gone in United State of America and many country do not use bitcoin for investing assets, he want to make investor never know with bitcoin currency and like for investing with USD money for every transaction and investment assets.

Yup, US president and other leader of country want to banned or eliminate bitcoin or crypto. they know that they didn't control it as long as people continue to use it. government don't have a huge benefit in crypto. that's why they want bitcoin to drop down. bitcoin is so very popular that even government had the pressure to remove it. so basically they don't want people uncontrol because of bitcoin era.

Bitcoin is hated by many world leaders because it is not centralized. I am very confident that in the future there will be more world leaders who develop their cryptocurrency as opposed to Bitcoin.

remember. Bitcoin cannot shut down, Bitcoin can only be opposed.

Tungsten-1

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Quote from: Faxmate on November 02, 2019, 04:29:41 PM

Quote from: Aying on November 01, 2019, 01:12:04 AM

Quote from: Oneandpure on October 31, 2019, 11:42:17 PM

Trump always want to banned bitcoin as investment assets in their country and never give permission to bitcoin become legal as transaction and investment assets in United State, he want to make bitcoin gone in United State of America and many country do not use bitcoin for investing assets, he want to make investor never know with bitcoin currency and like for investing with USD money for every transaction and investment assets.

Yup, US president and other leader of country want to banned or eliminate bitcoin or crypto. they know that they didn't control it as long as people continue to use it. government don't have a huge benefit in crypto. that's why they want bitcoin to drop down. bitcoin is so very popular that even government had the pressure to remove it. so basically they don't want people uncontrol because of bitcoin era.

This is common issue with maximum of the government’s especially with that of developed states. They are totally hesitating to make bitcoin along with other famous crypto currencies legal in their states. I guess government shall not fear bitcoin rather launch exchanges that keep record of all transactions and in this way government can take tax as well. This is absurd to think of fighting bitcoin, rather join it.

There could always be a middle way where both extremes can meet such as in the case of governments portraying centralization and bitcoin representing decentralization. Government if work smartly can use bitcoin and it potential for increasing economic stability and providing jobs to unemployed people. State can launch programs involving bitcoin helping unemployed people in becoming useful for the state.

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some governments are always like that they try so that bitcoin cannot develop. because they fear that bitcoin can be a threat to their currency. they always regulate and control the people's economy with national currencies. so it's natural that they don't like and want to turn off decentralized bitcoin. but I am optimistic that not easily turn off bitcoin. because now bitcoin has developed rapidly, has a large community, capitalization and trading volume.

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Quote from: South Park on October 28, 2019, 11:42:34 AM

Quote from: alyssa85 on October 26, 2019, 04:32:11 PM

I think once they realised that it wasn't really anonymous but was a public ledger system, that made them happier about it. After all no need to get warrants to look at someone's bank transactions - it's all there on the public ledger.

It is true that bitcoin is not truly anonymous and that everything you do is on the blockchain and available for everyone to see but there are some issues with that theory, first of all under the current system the only ones than can see those transactions are the banks so now one power they had over anyone else is gone and I am sure they do not like that, another problem is that you need to first link a person to an address and unless you do that you only know what happened but not who did it.

United State government not friendly for bitcoin and altcoin, they always try to destroy and shut down bitcoin become legal transaction and investment assets, how ever bitcoin and altcoin more profitable as investment assets for long term than we have save and buy USDT money. Bitcoin can increase more than 100% and USDT looks inflation with every day have lower price, this reason why US government want to banned using bitcoin as legal currency.

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Quote from: Aying on November 01, 2019, 01:12:04 AM

Quote from: Oneandpure on October 31, 2019, 11:42:17 PM

Trump always want to banned bitcoin as investment assets in their country and never give permission to bitcoin become legal as transaction and investment assets in United State, he want to make bitcoin gone in United State of America and many country do not use bitcoin for investing assets, he want to make investor never know with bitcoin currency and like for investing with USD money for every transaction and investment assets.

Yup, US president and other leader of country want to banned or eliminate bitcoin or crypto. they know that they didn't control it as long as people continue to use it. government don't have a huge benefit in crypto. that's why they want bitcoin to drop down. bitcoin is so very popular that even government had the pressure to remove it. so basically they don't want people uncontrol because of bitcoin era.

This is common issue with maximum of the government’s especially with that of developed states. They are totally hesitating to make bitcoin along with other famous crypto currencies legal in their states. I guess government shall not fear bitcoin rather launch exchanges that keep record of all transactions and in this way government can take tax as well. This is absurd to think of fighting bitcoin, rather join it.

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Quote from: SaShiRaJaVu on October 30, 2019, 12:20:12 PM

Quote from: fullhdpixel on October 30, 2019, 11:57:20 AM

I think that US has actually been destined to lose the power, so they should continue to fight cryptocurrency or not open their eye to the positivity of blockchain technology while they allow china to fully utilize this opportunity and if care I not taken, china will actually take over the blockchain technology as they have been building probably a giant system already on blockchain, and we could see how effective china input is on this.

The Chinese government will be implementing the blockchain technology and there is no one denying that and all the countries will be implementing it in the future and if the US government wanted to ban bitcoin they could have already done that by forcing the exchanges to shut down but the only restrictions as far as i know is against the scam ICO projects and it was a good decision by their authorities.

This is because despite their protests governments can see the potential of this technology, what they do not like is its decentralized nature but they think that if they are the ones in control of the technology then they will have unparalleled power over the lives of their citizens, this is why powerful countries still did not banned cryptocurrencies because despite the threat they pose to them they also see the benefits that a centralized cryptocurrency could bring to them.

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Quote from: BitHodler on October 28, 2019, 10:00:59 AM

Quote from: bitbunnny on October 28, 2019, 09:23:17 AM

Trump is a businesses man who doesn't know much about Bitcoin and cryptocurrencies but he certainly didn't try to do something like that, he knows what would that mean for the position of US.

Even if Trump doesn't exactly know what Bitcoin is, his advisors do and forward every detail that matters directly to him. It's impossible for him to not know much about Bitcoin with how even the federal reserve is talking about it.

I'm sure there have been a lot of closed-door meetings where they discussed the potential damage Bitcoin could inflict on their financial stability. It has grown past that joke no one would care about. It's impossible to ignore Bitcoin at this stage.

The funny part about Trump tweeting negatively about Bitcoin is the fact that it actually helps Bitcoin gain global exposure, so his attempt to discourage people from using it works against him.

Sensationalist Americans though. Trumps an idiot and everyone knows it. His ignorance is insane and the things he thinks up and says.... -_-
It is just paranoia and if he really does have advisers telling him all about the dangers of bitcoin then I really do not know what to say, that is taking it so far. I think they inflict it themselves on their financial stability, I mean they running on a system of constant debt.

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Quote from: Oneandpure on October 31, 2019, 11:42:17 PM

Trump always want to banned bitcoin as investment assets in their country and never give permission to bitcoin become legal as transaction and investment assets in United State, he want to make bitcoin gone in United State of America and many country do not use bitcoin for investing assets, he want to make investor never know with bitcoin currency and like for investing with USD money for every transaction and investment assets.

Yup, US president and other leader of country want to banned or eliminate bitcoin or crypto. they know that they didn't control it as long as people continue to use it. government don't have a huge benefit in crypto. that's why they want bitcoin to drop down. bitcoin is so very popular that even government had the pressure to remove it. so basically they don't want people uncontrol because of bitcoin era.

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Quote from: styca on November 01, 2019, 12:47:32 AM

It doesn't matter if any government tries to shut down Bitcoin - they won't succeed.
This is the power of a decentralised currency. It is beyond government control. It is borderless, and there is no figurehead whom the governments can take to court.
It doesn't matter how hard they try, Bitcoin will survive and prosper. It is good that crypto is now being seen as a threat to the established interests.

Not totally in my opinion. Governments can do something about it. I think it would significantly bring prosperity to Bitcoin and the crytoworld if somehow the government would accept it but of course with reservation and proper legalization in order to have a solid ground if ever any disputes would arise since after all cryptocurrency is still a currency -- a money. We spend it in different ways and some would take advantage of it. With the government at its back, it would create a healthy environment in the cryptoworld and cryptocurrency would be seen in a new lense.

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It doesn't matter if any government tries to shut down Bitcoin - they won't succeed.
This is the power of a decentralised currency. It is beyond government control. It is borderless, and there is no figurehead whom the governments can take to court.
It doesn't matter how hard they try, Bitcoin will survive and prosper. It is good that crypto is now being seen as a threat to the established interests.

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Trump always want to banned bitcoin as investment assets in their country and never give permission to bitcoin become legal as transaction and investment assets in United State, he want to make bitcoin gone in United State of America and many country do not use bitcoin for investing assets, he want to make investor never know with bitcoin currency and like for investing with USD money for every transaction and investment assets.

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As expected to developed countries though. They don't want to take the risk 'cause it might be the very cause of their economic crisis. Besides their economy are all looking well nothing to be worried about or to cover up for them to accept bitcoin unlike Venezuela. Even the US citizens majority are trusting their bank and the government.

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Quote from: fullhdpixel on October 30, 2019, 11:57:20 AM

I think that US has actually been destined to lose the power, so they should continue to fight cryptocurrency or not open their eye to the positivity of blockchain technology while they allow china to fully utilize this opportunity and if care I not taken, china will actually take over the blockchain technology as they have been building probably a giant system already on blockchain, and we could see how effective china input is on this.

The Chinese government will be implementing the blockchain technology and there is no one denying that and all the countries will be implementing it in the future and if the US government wanted to ban bitcoin they could have already done that by forcing the exchanges to shut down but the only restrictions as far as i know is against the scam ICO projects and it was a good decision by their authorities.

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Quote from: enhu on October 26, 2019, 04:37:58 PM

I would be hoping to see Trump also hurrying to regulations and probably the blockchain adoption as well in US for they will be behind with what China had been doing in the couple of years because there had been so much developments of projects related to blockchain and cryptocurrency. Tradewar is going to be tougher if they are not going to hurry.

I think that US has actually been destined to lose the power, so they should continue to fight cryptocurrency or not open their eye to the positivity of blockchain technology while they allow china to fully utilize this opportunity and if care I not taken, china will actually take over the blockchain technology as they have been building probably a giant system already on blockchain, and we could see how effective china input is on this.

Just a statement of their interest in blockchain is what really made the value of bitcoin to spike few days ago, and we can imagine how much the market will boom if they eventually release their own Blockchain. There is nothing that china can do again to really short down the system of cryptocurrency, I think that it is already too late to do that.

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