The U.S. Government Tried To Shut Down Bitcoin - page 3.

Andrews193

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Quote from: BigBos on October 30, 2019, 08:16:09 AM

Quote from: boltz on October 28, 2019, 03:49:42 PM

They can't shut down Bitcoin as they cannot control it and they can only control their citizens when it comes to Bitcoin so no wonder why Americans cannot participate into ICO's , have few exchages when they can trade , they have taxes on cryptos ..basically USA doesn't want population to use Bitcoin and cryptocurrencies and now they are trying to shut down Libra's project.

I don't know what to think about them ...looks like they are loosing this racer every day and China takes over slow and steady. I hope that in the end all the world will acknowledge the power of Bitcoin and Blockchain because there is no progress without it.

in fact I have also often heard resistance from the U.S government regarding this matter, and I think this will indeed happen. this might be the reason why some projects also require KYC and forbid the people of U.S to be involved. however this has happened long ago. I suggest to focus on other things than this.

Not only in the US government, almost every other country in the world has protests when they know about bitcoin and the extent to which bitcoin can operate but many years passed, governments' attention to bitcoin is still not high, although to this day, they have realized the problem from bitcoin, but trying to shut down bitcoin has been meaningless. Bitcoin is too independent, so as you say, listening to similar information is unnecessary, focusing more on the issues that would be profitable would be better.

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Quote from: boltz on October 28, 2019, 03:49:42 PM

They can't shut down Bitcoin as they cannot control it and they can only control their citizens when it comes to Bitcoin so no wonder why Americans cannot participate into ICO's , have few exchages when they can trade , they have taxes on cryptos ..basically USA doesn't want population to use Bitcoin and cryptocurrencies and now they are trying to shut down Libra's project.

I don't know what to think about them ...looks like they are loosing this racer every day and China takes over slow and steady. I hope that in the end all the world will acknowledge the power of Bitcoin and Blockchain because there is no progress without it.

in fact I have also often heard resistance from the U.S government regarding this matter, and I think this will indeed happen. this might be the reason why some projects also require KYC and forbid the people of U.S to be involved. however this has happened long ago. I suggest to focus on other things than this.

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Quote from: boltz on October 28, 2019, 03:49:42 PM

They can't shut down Bitcoin as they cannot control it and they can only control their citizens when it comes to Bitcoin so no wonder why Americans cannot participate into ICO's , have few exchages when they can trade , they have taxes on cryptos ..basically USA doesn't want population to use Bitcoin and cryptocurrencies and now they are trying to shut down Libra's project.

I don't know what to think about them ...looks like they are loosing this racer every day and China takes over slow and steady. I hope that in the end all the world will acknowledge the power of Bitcoin and Blockchain because there is no progress without it.

Yes they cannot shutdown it, people will do their way so that government cant stop them. There are other countries as well that prohibits their citizens to use and purchase bitcoin but still people continues to have it. If their network provider ban any bitcoin sites still they can browse to it, if they know how to surf with other ip address that cannot be block by their networks.

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Quote from: Mometaskers on October 19, 2019, 02:56:16 PM

Quote from: South Park on October 19, 2019, 12:25:34 PM

It is likely that governments around the world are thinking about all the ways in which they can take control of bitcoin, and I'm sure that they have realized that the only way to do that is to try to do the same to bitcoin that they did to gold, they are going to do their best to begin hoarding it, this is a very slow method and it will likely rise the price of bitcoin but eventually they will end up with most of the bitcoin of the world just as is the case right now with gold.

This. Who knows who those whales are, whether they are actual people or institutions. It's like using one of bitcoin's fundamental virtue against it.

From what I have been able to analyze, I think that both individual and institution can be termed as whales. To manipulate the market really requires huge amount of money, and with the money that is involved in manipulating the market, only the very rich people and institution can do that, but what I still don’t understand concerning individual whale is that, they already have so much money because really, it takes millions of dollars to manipulate the market and see the effect instantly.

If they are so rich, I see no reason why they should still come to the market to manipulate it when they know that majority of their action on the market will affect the innocent masses that are just trying to have some means of investment for their future in life.

alisonwonder

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I am sure the government gives a statement like that will not be valid forever because someday the U.S government will accept blockchain technology and will develop technology and transactions using bitcoin and can accept bitcoin as a legal payment.

boltz

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They can't shut down Bitcoin as they cannot control it and they can only control their citizens when it comes to Bitcoin so no wonder why Americans cannot participate into ICO's , have few exchages when they can trade , they have taxes on cryptos ..basically USA doesn't want population to use Bitcoin and cryptocurrencies and now they are trying to shut down Libra's project.

I don't know what to think about them ...looks like they are loosing this racer every day and China takes over slow and steady. I hope that in the end all the world will acknowledge the power of Bitcoin and Blockchain because there is no progress without it.

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Quote from: alyssa85 on October 26, 2019, 05:32:11 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.

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Quote from: bitbunnny on October 28, 2019, 10:23:17 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.

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Quote from: ice18 on October 28, 2019, 10:03:15 AM

Quote from: enhu on October 26, 2019, 05:37:58 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.

Do you think US government and Trump administration are not doing anything for now in relation to bitcoin and blockchain technology? Im sure they are secretly studying and planning what will be the future actions in relation to digital currency and blockchain technology, for now they are against crypto but once they cannot control the momentum and user adoption they will follow what China is doing right now.

I somehow disagree with what you've said that US is against crypto because Bitcoin and other cryptocurrency are regulated as both currency and as security under US law. They don't fully adopt crypto but they recognized it and as far as I know, most of the regulations for cryptocurrency are made by US regulators and then followed by other countries.

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From my point of view this is just another conspiracy theory (and it seems that Bitcoin users love them very much).
US government is aware of new emerging technologies and that cryptocurrencies are one of them and that they are inevitable in any modern society. Also, it's very well aware what new technologies, including crypto, mean in competition with other countries, especialy Russia and China
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.

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Quote from: enhu on October 26, 2019, 05:37:58 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.

Do you think US government and Trump administration are not doing anything for now in relation to bitcoin and blockchain technology? Im sure they are secretly studying and planning what will be the future actions in relation to digital currency and blockchain technology, for now they are against crypto but once they cannot control the momentum and user adoption they will follow what China is doing right now.

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Quote from: ice098 on October 27, 2019, 09:20:09 AM

Quote from: enhu on October 26, 2019, 05:37:58 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.

They cannot shutdown bitcoin! Bitcoin has been there years ago and still kicking in the modern world. Trump is a bussinessman I know that he already notice bitcoin and also have plan on it. If they saw that China is already on a digital currency I think US will follow it and start to be more competitive than in China.

But considering the business by Trump, it is not inclined in the track of cryptocurrency, in that case, he is subject to be an opposition to what cryptocurrency is achieving in the latter future. The only way we can make him turn the table is when he realizes how the world is now changing to cryptocurrencies. In this case, he will enter the market and invest his assets onto it. We are all bound to the changes which crypto is experiencing right now, if both of these huge country enter the race officially, every country will follow.

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Quote from: oktana on October 27, 2019, 02:27:33 PM

Sentiment changes very quickly, and the blockchain starts entering the trade war you mentioned. Jinping is good at seeing opportunities even though he doesn't say bitcoin at all. Trump will think twice after yesterday's China announcement.

I do not see any hidden message from Xi Jinping about BTCitcoin, all he did is appreciate the blockchain technology and it has far more meaning from what we see from the surface, the Chinese government can come up with their own version of crypto currency and i do not think a country like China will accept BTCitcoin just like that as they like to restrict what people does and BTCitcoin gives you the freedom to trade and transact.

Quote from: ice098 on October 27, 2019, 09:20:09 AM

They cannot shutdown bitcoin! Bitcoin has been there years ago and still kicking in the modern world. Trump is a bussinessman I know that he already notice bitcoin and also have plan on it. If they saw that China is already on a digital currency I think US will follow it and start to be more competitive than in China.

Trump is a real estate guy and he does not understand technology and i have never seen him speak highly about the new market either and i am not expecting it from him either. It is a fact that BTCitcoin has grown and it cannot be shut at this stage any government could have during the initial phase but not anymore.

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Quote from: enhu on October 26, 2019, 05:37:58 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.

Sentiment changes very quickly, and the blockchain starts entering the trade war you mentioned. Jinping is good at seeing opportunities even though he doesn't say bitcoin at all. Trump will think twice after yesterday's China announcement.

blockchain development can be used potentially and the US should not take the anxious attitude first. This actually benefits speculators against crypto, especially bitcoin because differences of opinion have emerged from two different economic giants.

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Quote from: enhu on October 26, 2019, 05:37:58 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.

They cannot shutdown bitcoin! Bitcoin has been there years ago and still kicking in the modern world. Trump is a bussinessman I know that he already notice bitcoin and also have plan on it. If they saw that China is already on a digital currency I think US will follow it and start to be more competitive than in China.

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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.

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Quote from: fullhdpixel on October 18, 2019, 03:18:39 AM

Quote from: TheUltraElite on October 12, 2019, 10:48:28 AM

Quote from: jaocoincrypto18 on October 11, 2019, 09:07:35 PM

The source is legit so i think the US really want to shutdown Bitcoin but maybe by Donald Trump demand.

Wont do be so sure about it. Trump knows the current market scenario and though he may not accept bitcoin into the government mode of payment he wont try to stop it. They more or less know who and how are using bitcoin and though they dont attempt to stop it they wont punish you for it.

They might have tried that and after several failure, I think they now want to look for a way to actually incorporate it into their own system, and I think that they will only accept it as digital asset as against using it as currency, so everything they will do in their power right now too is to ensure that they changing people's mindset towards accepting it as digital asset which they think it is even more beneficial to them as they will be able to create platforms that will make it taxable.

If bitcoin system was possible to shut down, I am sure that even countries like China and France would have joined hand with the United states to do so, but I think they have already seen it as something that is impossible which they will never even think towards that angle of shutting it down again.

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.

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Quote from: South Park on October 19, 2019, 12:25:34 PM

Quote from: bitcoinst on October 15, 2019, 05:42:43 PM

Bitcoin is not subject to control, at least in the usual understanding of control.

It is foolish to think that the governments of other countries will be able to somehow block Bitcoin, for example, by making it outside the sign, imagine how the price rises.
In one of the African countries, there was already a precedent, the price of bitcoin there rose to $ 50,000.

However, the government can form a frightening negative image of cryptocurrency in society.

It is likely that governments around the world are thinking about all the ways in which they can take control of bitcoin, and I'm sure that they have realized that the only way to do that is to try to do the same to bitcoin that they did to gold, they are going to do their best to begin hoarding it, this is a very slow method and it will likely rise the price of bitcoin but eventually they will end up with most of the bitcoin of the world just as is the case right now with gold.

America is the most Bitcoin-friendly country. Despite all these attempts to legalize crypto and take taxes for it, the USA lets people do with BTC and alts whatever they want. Officially, over 14% (now, probably more) hold cryptocurrencies. In reality, this is about 25%. In a couple of years, 40% of Americans will deal with virtual money. By the way, Trump joked that in a couple of years (being not a president), he will buy BTC for almost all the money he has.

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