The U.S. Government Tried To Shut Down Bitcoin - page 7.

20kevin20

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Quote from: jaocoincrypto18 on October 11, 2019, 08:07:35 PM

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

You're a great example of somebody who blindly trust a source just because it's one of the top mass media websites in the USA.. 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.

jaocoincrypto18

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

timerland

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I saw the article in my Google feed a couple days back and had a read, it looks like it's really scrappily made and they don't actually have any real information/proof and it's just here to clickbait users into reading the article.

Tim cook is a weird fella. I don't agree with his views at all and he is too government oriented and isn't as free thinking most of the Bitcoin community is.

Think most of us got baited hard.

gentlemand

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Welt Am Draht

This crappy article doesn't illuminate anything. There's plenty of wariness and scepticism about BTC from the US government but little evidence of any sustained assault. The recent Libra hearings were overall positive about it I'd say.

As for Tim Cook - "I really think that a currency should stay in the hands of countries. I’m not comfortable with the idea of a private group setting up a competing currency,"

No private group will ever be permitted to set up a competing currency and Libra will never happen, nor any other similar thing. Luckily totally open groups can.

barota

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i never like this opinion of new coin libra , and i am sure it can creat problem for bitcoin in the future if libra creating or launching , i am sure that there is relation between Tried ban bitcoin and creating libra coin , i hope facebook will cancel this project libra coin because it is not beneficial to the future of Bitcoin

Maslate

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Quote from: Reid on October 11, 2019, 05:19:45 PM

They have two problems regarding this. But yes, they do want to shutdown bitcoin but just can't.

First problem is they do not like bitcoin because it is decentralized. That means privacy and freedom which they dont want. Everything must be under control.

Now, they want to fight it with a centralized one.
The second problem comes.
Suckerberg offers Libra. But he freaking still freaking own it and the government doesnt want that. It will just keep Mark getting more greedy.

Third problem comes now.
They will create their own but nobody supports it. Grin

US government has been in contradiction with crypto even from the start and the fact that they can't control bitcoin just like they did with dollar, so they will do things that could possibly shut down bitcoin. But they can't easily shut down bitcoin because there are still a lot of believers and users of bitcoin who will continue to believe on it. They can banned bitcoin in their own country but shutting it down will never happen.

Reid

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They have two problems regarding this. But yes, they do want to shutdown bitcoin but just can't.

First problem is they do not like bitcoin because it is decentralized. That means privacy and freedom which they dont want. Everything must be under control.

Now, they want to fight it with a centralized one.
The second problem comes.
Suckerberg offers Libra. But he freaking still freaking own it and the government doesnt want that. It will just keep Mark getting more greedy.

Third problem comes now.
They will create their own but nobody supports it. Grin

beerlover

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I think other countries didn't looked into "shutting it down", nobody is that scared of bitcoin, they tried to probably ban bitcoin in their own country because they know they can't ban it all together and probably China and Russia looked into a way to control it as well because they are used to controlling everything but they realized this is something they can't control like they do with everything else.

Those are it probably, just a way to control it and a way to ban it in their countries but nobody looked into "shutting it down" that is like trying to say shutting down the whole internet all around the world, it is not possible and it can't be done no matter how much countries get together to do it together there would still be some people with internet.

iv4n

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I can`t remember exactly where I read about it, but someone was claiming that most of the countries, different hackers groups, etc.. already tried to shut down bitcoin network, and guess what, nobody succeeded. I remember that I tried to find more about that, but I couldn`t find anything. Truth or not, I can`t tell, it`s logical to assume that some groups tried to do that, to hack bitcoin, with the purpose to control it or to shut it down. By the present state of bitcoin we can assume that nobody succeeded in that, bitcoin is still alive and well. Will they be able to do it in the future? I doubt it, it`s pretty hard to beat the fact that there are many nodes out there, any messing with the chain will be recorded at least on one place, if not on many.

redsun114

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Leading Crypto Sports Betting & Casino Platform

I would not be surprised if US had a hand in this recent crash of bitcoin, and I think that have a mole in the market who would definitely be a mole looking for every opportunity to crash the market and every attempt they have been making had failed. I am sure this recent crash too was timed, as we all expected that the bakkt would have effect on bitcoin price, but only for us to witness a crash after their released.

Don’t we think that this is a perfect conspiracy too to discredit the project of bakkt who would have made very much impact on bitcoin, and it seem that they really succeeded in destroying bakkt as we no longer hear news on bakkt again, the hype has gone down, but no matter what they do, now or in future, it would be impossible for bitcoin to be shut down, and the more they try, the more they get it increased.

cutesgirl

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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.

Kevondo

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Quote from: Karmakid on October 10, 2019, 12:39:54 AM

The U.S Government will never get a chance to shut down bitcoin because bitcoin is decentralized and there is no one that is controlling or managing the world of Bitcoin. It is a complete independent currency where people have the power to use it. Even the government orders a ban for using bitcoin, it will still not work because people can easily bypass that by using VPN.

Only fool will believe that United States of America has power of banning bitcoin or demolishing it from everywhere because bitcoin was created to end this thing i.e. to control others. As you said, this is completely decentralized and may be to keep sheer decentralized the founder of this currency has never revealed himself. No country in the whole world can ban it.

abhiseshakana

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From Zero to 2 times Self-Made Legendary

The style of economic and political policy in the United States has indeed changed since the shift in power from Obama to Trump. Trump with the policy of making America great again "always takes controversial decisions. For Trump make American first is his main focus, so that America seems arrogant and isolates his own country.

When the U.S. wants to become the ruler of the world, America must reduce its dependence on others, commitments that are felt to limit the movement of America will also be violated. America also has to intervene in every field so that if there are potential problems that will interfere with America can be minimized or even avoided.

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.

stompix

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Blackjack.fun

Quote from: serjent05 on October 09, 2019, 11:22:18 AM

Can't see anywhere that US tried to shutdown Bitcoin on the article, I see it as plain interpretation or something like exaggerated writings to catch peoples attention.

Of course, she needs some attention, she works for a crypto fund now, they have to pull out stories and keep standing in the spotlight otherwise the bear season is going to get them.

Quote from: LeGaulois on October 09, 2019, 05:52:22 PM

True the White house was investigating (but like many others countries), both titles are differents, Forbes uses a clickbait title, the real news is about a lady who worked for the government and with her professional carrier she is now sitting as a partner at a VC firm with $350 millions in cryptocurrencies.

I would call it a paid clickbait article...
Seriously, lately, all the articles from those people are screaming look at us, we're cool, gives us money!!!!
I'm anxious for the "Cryptos might revive Elvis" article.

ivakar

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i knew all problems for the world comes form us Grin

but actually this is very disturbing information, cause that means if several country will combine its efforts to shutdown bitcoin or any other crypto coin, the could, in fact, succeed in their mission.

and that would be the end of the crypto as we know it. Angry

Periodik

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Quote from: South Park on October 10, 2019, 01:22:45 PM

Quote from: NathanJB on October 09, 2019, 05:57:03 AM

Well, if they failed in their earlier attempts, they will also fail in their subsequent attempts. If they are really determined to kill Bitcoin, they should have done it with much force when Bitcoin was a small infant in its crib. But because they failed on that and Bitcoin has grown into a strong young man after 10 years, they are admittedly helpless now. They are claiming Bitcoin to be unstoppable already.

And because of that they are now shifting their focus to unborn projects that might become as strong as Bitcoin in the future. Lest they will become as helpless as they are now over Bitcoin when they will allow the kinds of Libra to proceed. This is precisely the reason why unborn projects such as Libra, walmart's, Apple's, etc are nipped in the bud.

I suspect this was the reason satoshi decided to release his project by himself and decided to not reveal his identity, anyone that tries to release their coin will become a target, and this is what caused bitcoin to thrive, it was created in a way that brought no attention from the governments and it was not given to it until it was too late, now governments are desperate, they know that bitcoin is not a threat to them now but it can be in the future and they have no power to stop it.

And since Mark is an open target unlike Satoshi, he is now invited to countless hearings. He has to appear in countless meetings and investigations and what not and not just within the US but also in other countries around the world. Satoshi was indeed a genius. He knew what is to come with his invention, and he was completely prepared for it right from the get-go. He was not someone the governments can easily track and identify.

blckhawk

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I think the government and the media wants to influence the minds of those who still don't have an idea to what cryptocurrencies really is. They want to prevent mass adoption by saying negativity about these cryptocurrencies first before people even have the chance to research their true idea. It's no surprise that the government tries to supress its spread since they know what it can do to change the current centralized systems and it isn't limited to payment, but csn also include public cloud storage for different applications, even in politics.

South Park

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I am terrible at Fantasy Football!!!

Quote from: NathanJB on October 09, 2019, 05:57:03 AM

Well, if they failed in their earlier attempts, they will also fail in their subsequent attempts. If they are really determined to kill Bitcoin, they should have done it with much force when Bitcoin was a small infant in its crib. But because they failed on that and Bitcoin has grown into a strong young man after 10 years, they are admittedly helpless now. They are claiming Bitcoin to be unstoppable already.

And because of that they are now shifting their focus to unborn projects that might become as strong as Bitcoin in the future. Lest they will become as helpless as they are now over Bitcoin when they will allow the kinds of Libra to proceed. This is precisely the reason why unborn projects such as Libra, walmart's, Apple's, etc are nipped in the bud.

I suspect this was the reason satoshi decided to release his project by himself and decided to not reveal his identity, anyone that tries to release their coin will become a target, and this is what caused bitcoin to thrive, it was created in a way that brought no attention from the governments and it was not given to it until it was too late, now governments are desperate, they know that bitcoin is not a threat to them now but it can be in the future and they have no power to stop it.

Genemind

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I don't actually believe in this type of news. Yes, the government is somehow seeing Bitcoin as a threat but the US is really into crypto adoption. If it really happened, maybe the government might have done something to stop it because it might impulse terrorism but maybe after seeing its worth, things have changed and the government is into supporting it right now. We really don't know the story behind but it's still hard to believe complex news without proof.

SaShiRaJaVu

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Quote from: 1Referee on October 09, 2019, 06:03:26 AM

It's super interesting how these negatively tinted articles always find their way to the net when the price has been trending down.

That is the magic receipe for the price to fall further, we have seen those articles at the right moment when there is a minor correction and all these negative articles pops up and the price would fall further, just repeating the old drama Cheesy

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Quote from: 1Referee on October 09, 2019, 06:03:26 AM

It must feel great for any government to hammer down on these centralized tokens simply by subjecting them to regulations, something they can't force upon Bitcoin.

It is a fact that if they give a green signal to Facebook then they know very clearly that they will get thousands of application from every fin tech corporate to start their own centralized token and it will create issues beyond imagination and probably will open a can of worn that cannot be repaired Cheesy

.
Even i expect there will be a ton of regulation and stipulation if they release Libra.

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