I doubt it was a really big deal but it wasn't a lie neither. Think about it, nobody paid her millions of dollars to shut down bitcoin, nobody really put hundreds of manhour into this, it was just a simple "look into shutting down bitcoin" and I think that is quite possible, if someone rich told a politician to shut down bitcoin or even bitcoin is hurting their business there is a big possibility that politician just wanted to check if it was possible at all.
Back in those days nobody knew what decentralization was so they though maybe bitcoin was like ripple or tether with a central organization controlling it, when they realized it is not it was too late anyway. So, I think this was very very early on and it was nothing major, simple check on how things work and if it could be shut down at all, not an all in fight against bitcoin with money and lawyers and many other whatever, just a quick research, so I think it is true story but not as big of a deal as the title suggests.
Topic: The U.S. Government Tried To Shut Down Bitcoin - page 6. (Read 1108 times)
In my own opinion, the US government will never shutdown bitcoin because bitcoin transaction is legal in their country and bitcoin doesn't harm the economy of their country. I also think that no one could ever shutdown because as long there are people who still buys bitcoin it will never die, so bitcoin will still live.
The US government is smart, it understands that attempts to completely isolate Bitcoin will lead to its even greater spread.
They went the trickier way, creating an atmosphere in the info field in which people themselves would reject bitcoin because of its danger and futility, it is these settings that the US government forms with its messengers.
They went the trickier way, creating an atmosphere in the info field in which people themselves would reject bitcoin because of its danger and futility, it is these settings that the US government forms with its messengers.
I think the US government has always challenged the development of bitcoin. Well, there are a lot of reasons why they can reject it, such as increasing unwanted transactions, terrorists, and others. In fact, Coindesk has also talked about this matter. Well, if the needs of people about bitcoin increase, I think that will be the usual news. I just hope that this won't make the price of bitcoin decrease
But it is still better than countries like India where crypto is declared as an illegal tender. Government signalled all the payment processors and banks to avoid dealing with crypto. Only P2P is open now.But yeah, USA is bad for crypto markets. They closed down Payza.
They can't kill Bitcoin or Crypto, as it stands against the whole idea of FREEDOM AND DEMOCRACY, which is their supposed slogan. If they relegate their Citizens into using Fiat and only regulated assets/commodities, then I bet many Crypto Millionaires will leave the U.S and look for greener pastures to park their crypto assets. The BIG CORPORATIONS create so-called charitable Foundations to put all their billions in to avoid paying taxes, yet the IRS and SEC are ramming their manifesto down little people's throats because they don't want the transfer of wealth to happen through Crypto, which is inevitable. It's all a big baloney to protect the Interests of the BIG BOYS and a few feudal families that want to keep the rest of the world in poverty and slavery, even most of their own citizens. As long as the word FREEDOM exists in our vocabulary, so will Crypto for as long as WE want it to.
The U.S Government will never get a chance to shut down Bitcoin, every time they will fail. There is no country in the whole world that can shut down it. But it could affect the market, we'd have less market liquidity and of course less adoption.
I think the US government has always challenged the development of bitcoin. Well, there are a lot of reasons why they can reject it, such as increasing unwanted transactions, terrorists, and others. In fact, Coindesk has also talked about this matter. Well, if the needs of people about bitcoin increase, I think that will be the usual news. I just hope that this won't make the price of bitcoin decrease
But it is still better than countries like India where crypto is declared as an illegal tender. Government signalled all the payment processors and banks to avoid dealing with crypto. Only P2P is open now.But yeah, USA is bad for crypto markets. They closed down Payza.
I think the US government has always challenged the development of bitcoin. Well, there are a lot of reasons why they can reject it, such as increasing unwanted transactions, terrorists, and others. In fact, Coindesk has also talked about this matter. Well, if the needs of people about bitcoin increase, I think that will be the usual news. I just hope that this won't make the price of bitcoin decrease
But it is still better than countries like India where crypto is declared as an illegal tender. Government signalled all the payment processors and banks to avoid dealing with crypto. Only P2P is open now.But yeah, USA is bad for crypto markets. They closed down Payza.
I think the US government has always challenged the development of bitcoin. Well, there are a lot of reasons why they can reject it, such as increasing unwanted transactions, terrorists, and others. In fact, Coindesk has also talked about this matter. Well, if the needs of people about bitcoin increase, I think that will be the usual news. I just hope that this won't make the price of bitcoin decrease
bitcoin can never be controlled by any government so i think the U.S government will never be able to beat bitcoin, bitcoin will still exist and bitcoin will still have a high selling price.
Personally, I feel Americans are saying this right about it. Have you always thought that creating a business in the crypto market is lucky and certainly profitable?
no, please. Working in the crypto market is much harder than businesses in the stock market. In some exchange exchanges, they will have laws to prevent manipulation. As for the crypto market, it is decentralized and businesses are not guaranteed.
If Facebook wants to create their own coins, don't they have the right to launder money and manipulate the market? Remember, the SEC has not yet entered the crypto market.
Every statement and policy of the US government always has a strong foundation and reason. Yeah, that could be a reason for them to at least put a halt to the development of bitcoin. I also admit that crypto business and investment are far more risky than the stock market. there are a lot of manipulations, coin scams, scam projects and so on, which is such a case rarely in centralized investments like in the stock market. The SEC has not yet come then make crypto investments have no legal basis, but to shutdown bitcoin is not the way out. no, please. Working in the crypto market is much harder than businesses in the stock market. In some exchange exchanges, they will have laws to prevent manipulation. As for the crypto market, it is decentralized and businesses are not guaranteed.
If Facebook wants to create their own coins, don't they have the right to launder money and manipulate the market? Remember, the SEC has not yet entered the crypto market.
Personally, I feel Americans are saying this right about it. Have you always thought that creating a business in the crypto market is lucky and certainly profitable?
no, please. Working in the crypto market is much harder than businesses in the stock market. In some exchange exchanges, they will have laws to prevent manipulation. As for the crypto market, it is decentralized and businesses are not guaranteed.
If Facebook wants to create their own coins, don't they have the right to launder money and manipulate the market? Remember, the SEC has not yet entered the crypto market.
no, please. Working in the crypto market is much harder than businesses in the stock market. In some exchange exchanges, they will have laws to prevent manipulation. As for the crypto market, it is decentralized and businesses are not guaranteed.
If Facebook wants to create their own coins, don't they have the right to launder money and manipulate the market? Remember, the SEC has not yet entered the crypto market.
Evidence, please.
They are right to warn people about it and right to be sceptical. Plenty of people will either rape themselves or get raped.
I've yet to see any actual malicious acts against it. They're trying to get it to fit in current laws as they would for anything else. It may not work but that's their job.
They are right to warn people about it and right to be sceptical. Plenty of people will either rape themselves or get raped.
I've yet to see any actual malicious acts against it. They're trying to get it to fit in current laws as they would for anything else. It may not work but that's their job.
I don't think there's the need of evidence. Bitcoin eliminates the need of third parties, it's supposed to eliminate the state from the process too. I highly doubt any leader is okay with it taking even a little piece of the state's power away.
I agree with the point that governments don't want people to enjoy economical freedom, but that's not why they are trying to "shut down" crypto. I even doubt that they have such intentions to begin with.
Nearly the whole crypto market disregards the sole reason of why it exists, so what are governments really afraid of? People still trust centralized parties---parties governments can easily exercise control over. They like it more than they don't.
As for people getting rich during a recession, I really really doubt that---recessions generally take down any asset with it, where the speculative assets are being hit the hardest. Bitcoin is a speculative asset too.
Nearly the whole crypto market disregards the sole reason of why it exists, so what are governments really afraid of? People still trust centralized parties---parties governments can easily exercise control over. They like it more than they don't.
As for people getting rich during a recession, I really really doubt that---recessions generally take down any asset with it, where the speculative assets are being hit the hardest. Bitcoin is a speculative asset too.
I couldn't agree more with the second paragraph there, and it's kinda sad to see it's turned into an all-about-money thing. But while recessions do take down any asset with them, the price of gold soars as it's considered a safe haven asset. It's yet to be seen whether Bitcoin would be considered the same during such times.
It's not an easy task to shit down this platform, I think this platform has formed in a vast way, Billion dollar has been invested in this platform so to shut down is not only easy task but also it will bring a massive loss for the economy all around the world, In this perspective, The US government will not try to do this, Yes, they are very reluctant to run this platform in the future, even they are trying to stop initiative of Facebook's own digital currency named Libra, So every cryptocurrency is concern for the US authority, But it doesn't make any sense, If they could then they did it very earlier of Bitcoin invention, I think they will not do and they will not be capable to do this in the future.
It's obviously their dream to take BTC and the entire crypto market down. Otherwise, people will not only become richer as the recession gets closer but they'll also get the taste of economical freedom.
I agree with the point that governments don't want people to enjoy economical freedom, but that's not why they are trying to "shut down" crypto. I even doubt that they have such intentions to begin with.Nearly the whole crypto market disregards the sole reason of why it exists, so what are governments really afraid of? People still trust centralized parties---parties governments can easily exercise control over. They like it more than they don't.
As for people getting rich during a recession, I really really doubt that---recessions generally take down any asset with it, where the speculative assets are being hit the hardest. Bitcoin is a speculative asset too.
well, first china , then now U.S.A , btc fail to get approval from SEC and this the end of story.
Really?
Nothing to do with the Bitcoin market being incapable of fitting the SEC's remit? If it did fit perfectly then they probably would approve it, albeit reluctantly. Since it doesn't and can't be made to fit then they won't approve it.
Crypto won't receive any exceptions or charity. Because of its nature it's going to have to work to gain acceptance from places like the SEC and the likelihood is it may never manage it. It's also likely that's totally fine. In the meantime it has plenty of its own markets to be getting on with.
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.Quote
We all knows about Trump openly criticize Bitcoin so maybe he is now using his power to shutdown it slowly in the way that looks like nothing happen but failed so hopefully he realized it now that it is not that easy to destroy Bitcoin and that he may ended up like JP Morgan.
Like I said, you are thinking too much. Remember the fact that Trump was the owner of several casinos in Vegas. He knows how to make money and possibly knows the importance bitcoin has.You should do some research before accepting a news that pops up. Its said in the first line that its from the conspiracy theorists. Those who make up conclusions without having evidence or just false/fabricated evidence in order to raise a propaganda.
well, first china , then now U.S.A , btc fail to get approval from SEC and this the end of story.
what i curious is , both china and USA ,have a lot of miners there.
and why they try to shut down BTC ?
US have a large companies engaged in the field of cryptocurrency, such as coinbase and bittrex.
Are the tax regulations not so beneficial for the government?
what i curious is , both china and USA ,have a lot of miners there.
and why they try to shut down BTC ?
US have a large companies engaged in the field of cryptocurrency, such as coinbase and bittrex.
Are the tax regulations not so beneficial for the government?
It's obviously their dream to take BTC and the entire crypto market down. Otherwise, people will not only become richer as the recession gets closer but they'll also get the taste of economical freedom. That scares them institutions for sure, and they don't want to loose us.
Evidence, please.
They are right to warn people about it and right to be sceptical. Plenty of people will either rape themselves or get raped.
I've yet to see any actual malicious acts against it. They're trying to get it to fit in current laws as they would for anything else. It may not work but that's their job.
Bitcoin and cryptocurrency are something that Trump cannot control. It has its own system that is beyond American control, Trump can avoid but cannot stop. There are no eternal friends and enemies but only eternal interests. Trump sees cryptocurrency as a threat to America and a gap for America's enemies to intervene in America unnoticed.
A small flaw in your speech against Trump. (not that I like the guy).
This supposed incident, which I doubt it even happened, took place in 2012, 3 years in the first presidency of Obama.
US government always try for shut down bitcoin and never give space for their people become with bitcoin and altcoin investment, many ICO not allowed for investor come from United State because their government never allowing for US citizen invest on ICO or IEO, on the bounty campaign many KYC submit do not support for United State person.
Oh, the evil usa fascist gubbermint is not allowing its citizens to lose money in scam ICOs and only to buy bitcoins.
The perfect plan to bring down BTC. Thanks for showing me the truth, I would have never guessed it since it was such a well thought and elaborated scheme.
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