They will try to stop Bitcoin | Bitcointalksearch.org

AakZaki

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Quote from: Rockstarguy on March 02, 2022, 08:39:40 AM

Turning off the network is not possible and if it is possible it will not only affect bitcoin. Turning off the network cam also affect the banking system and the transactions of fìat . If they have the power to stop bitcoin they would have done it since even before now, at this point where bitcoin has gotten to nothing can be done to stop it.

actually they (the government) have the power to be able to stem bitcoin. But the effects that occur will certainly harm them too. Groups that are pro with bitcoin will carry out various kinds of demonstrations and rebellions regarding the prohibition and termination of bitcoin if that happens.
Bitcoin is now a valuable digital asset, the government should also use it to get more benefits with some updated regulations such as taxes imposed on crypto users or crypto exchanges in their countries.

Maestro75

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Quote from: mynonce on November 10, 2021, 01:20:45 PM

https://www.fi.se/en/published/presentations/2021/crypto-assets-are-a-threat-to-the-climate-transition--energy-intensive-mining-should-be-banned/

EU is now making a change to its hatred for bitcoin and throwing away the bitcoin ban draft. The story can be seen in the more recent article below. https://decrypt.co/94157/eu-lawmakers-drop-bitcoin-ban-draft-crypto-regulations times are changing very fast and more institutions are starting to see why bitcoin should not be made illegal.

Emitdama

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Quote from: TheNineClub on March 03, 2022, 12:58:49 AM

Pointing fingers at other waste-producing and environment-harming industries is just whataboutism. That doesn't mean crypto should be off the hook or is right. Those issues need to be tackled head-on and that's the only way crypto can move forward in its adoption and recognition in the modern global economy. So crypto (in general) should not be pointing fingers at other industries, but rather cleaning up its own issues without the concern if someone is doing it on their side. And steps have been made, it's a different story from when it started.

Yeah they are just diverting the issue to something or to someone else but no matter what, cryptos adoption are still taking place. No one can stop this whatever reasons they make. Crypto cannot point fingers to others because it cant talk but it was the crypto users that did it. They only did that for purpose or to counter someone that says crypto are not good for the environment.

We cannot just say that crypto must clean up is own mess because it didn't create any mess in the first place. It was the mind of those crypto haters that are in mess because they keep on pushing that crypto has its issues. Also some cryptos like bitcoin are I think cant be changed already to make it more greener.

DU18

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Binance #SWGT dan CERTIK Audited

Quote from: ?? on ??

Until now I don't understand why there are people who hate bitcoin so much, it has been proven that there are many things and economic activities related to cryptocurrencies, even during the pandemic many people were helped by getting profit on cryptocurrencies, but I believe that a strong community will make bitcoin even more shine.

Fear of the widespread development of bitcoin is one reason people hate bitcoin, so far I have seen that only financial institutions such as the central bank continue to take action against bitcoin, of course their fear of being replaced fiat money by bitcoin is an illogical reason according in my opinion, In fact, if bitcoin continues to grow, of course later fiat money and bitcoin can go hand in hand in helping the economy of a country, but it seems that the central bank is too short-sighted in thinking.

Chato1977

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Quote from: fzkto on March 03, 2022, 01:11:02 AM

Maybe it's just gossip? Usually such news is amplified when the market is down or at the bottom. Manipulators take advantage of this in an attempt to buy cheap coins. Then it will turn out that bitcoin is not that bad for the environment and the asset will rise again. It should be noted that bitcoin was around its peak in November. That's when it started to fall.

Indeed as the timing of the News comes out when the price last year starts to subside but eventually made another ATH and again and again.

Quote from: luckyrichh on March 03, 2022, 03:18:21 AM

There is nothing to stop him...He will crush everything in his path.

How be so sure? can crush everything in his path?

luckyrichh

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There is nothing to stop him...He will crush everything in his path.

fzkto

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Cashback 15%

Maybe it's just gossip? Usually such news is amplified when the market is down or at the bottom. Manipulators take advantage of this in an attempt to buy cheap coins. Then it will turn out that bitcoin is not that bad for the environment and the asset will rise again. It should be noted that bitcoin was around its peak in November. That's when it started to fall.

TheNineClub

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Quote from: dothebeats on November 10, 2021, 01:58:35 PM

They just can't point fingers on other industries that harnesses similar or even greater energy and produces similar or greater wastes because it will hurt their relationship with such industries. Bitcoin and crypto mining relying on PoW are easy targets, mainly because not a lot of countries and businesses are into it just yet. I understand the sentiments of those who signed on the Paris agreement that are trying so hard to reach their pledges, but they should also look into other industries that uses large amounts of energy and produces just as much waste in the end.

Then again, the fingers are already pointed, and sure enough bitcoin and crypto will take direct hit and be persecuted harshly and might even be blamed as the number one contributor in rising temperatures.

Pointing fingers at other waste-producing and environment-harming industries is just whataboutism. That doesn't mean crypto should be off the hook or is right. Those issues need to be tackled head-on and that's the only way crypto can move forward in its adoption and recognition in the modern global economy. So crypto (in general) should not be pointing fingers at other industries, but rather cleaning up its own issues without the concern if someone is doing it on their side. And steps have been made, it's a different story from when it started.

LegendaryK

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Quote from: mynonce on November 10, 2021, 01:20:45 PM

Edit:
Changed the topic
''Why are they against PoW?''
to
''They will try to stop Bitcoin''

They are against PoW because the energy resources of a given country is limited.
PoW mining energy needs grow at geometric increases, multiple of times greater than these countries ability to increase their power production.
Therefore they have to ban PoW mining to protect their power grids from collapse.
They really have no choice , for if their power grid collapses they will be in the stone age for 3 years or longer.
The death toll from no electricity would be insane.

They don't care about bitcoin, it is the PoW mining alone that is the issue.
Ethereum is bypassing the issue by converting to PoS.

Bitcoin does not have to convert to PoS, but they are going to have to do something to quit putting the power grids at risk of failure.
Otherwise their will be a worldwide PoW mining ban, odds are before 2030.

so98nn

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That's rude. How they plan on compensating the miners who have created huge mining farms across the globe? Does EU considers how much they might have invested in setting up those farms! The cost is huge and if they suddenly bans such activity what and where would they do and go??

Come on EU, you can plot better plans for the future man.

Edit.

Moreover, if there is any other way to do proof of work then please enlighten us with the same and they would be happy to do so.

Rockstarguy

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Quote from: AakZaki on March 01, 2022, 10:05:56 PM

Quote from: ?? on ??

As long as there is a demand for something, people will find a way to supply that demand, be it legally or illegally. Bitcoin are going to be a lot harder to stop, they cant unless their going to shutdown the internet. It is decentralized, meaning it belongs to everyone and no one.

If by turning off the internet, of course not only bitcoin will stop, but all transactions will stop. Bitcoin is getting stronger and becoming a digital asset that cannot be stopped easily. We are part of a group that supports bitcoin and we all make big bitcoins. the pros and cons of bitcoin will continue to exist. But no one will be able to stop bitcoin, bitcoin is not regulated by anyone even if it's the government. They can only issue regulations or rules for the use of bitcoin.

Turning off the network is not possible and if it is possible it will not only affect bitcoin. Turning off the network cam also affect the banking system and the transactions of fìat . If they have the power to stop bitcoin they would have done it since even before now, at this point where bitcoin has gotten to nothing can be done to stop it.

AakZaki

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Quote from: ?? on ??

As long as there is a demand for something, people will find a way to supply that demand, be it legally or illegally. Bitcoin are going to be a lot harder to stop, they cant unless their going to shutdown the internet. It is decentralized, meaning it belongs to everyone and no one.

If by turning off the internet, of course not only bitcoin will stop, but all transactions will stop. Bitcoin is getting stronger and becoming a digital asset that cannot be stopped easily. We are part of a group that supports bitcoin and we all make big bitcoins. the pros and cons of bitcoin will continue to exist. But no one will be able to stop bitcoin, bitcoin is not regulated by anyone even if it's the government. They can only issue regulations or rules for the use of bitcoin.

Viscore

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Quote from: Nutrient on December 10, 2021, 02:01:53 AM

PoW was due to energy waste. Also China’s reason for banning Bitcoin has nothing to do with protecting the environment from harm. They should actually focus on the proper supply of energy.

It is not about energy consumption but the revenue. Government want to tax. Since they cannot able to control it, they rather choose to ban bitcoin. Even if several countries like (China, EU etc.) will merge, it is practically impossible to stop, because bitcoin is now too big. It gets harder and harder for anyone to control or stop it.

Let the government do what they want, but it would not stop people from using bitcoin..

Mahanton

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Quote from: nur rochid on February 28, 2022, 03:34:10 AM

Quote from: Reatim on December 10, 2021, 02:06:13 AM

Quote from: mynonce on November 10, 2021, 01:20:45 PM

... or the topic could be:

Quote from: sheenshane on November 14, 2021, 05:59:05 PM

Quote from: goldkingcoiner on November 14, 2021, 05:41:51 PM

The topic of this thread should be : "they wish they could stop Bitcoin"

Much better, I tend to agree with you.

Let them do anything in their power because those who trust bitcoin and support it are more powerful than them because their capacity is limited while we as users is unlimited.
all the people in the world will act one in the future to support this market fully while they are still having problems in stopping bitcoin to progress.
i will continue the support and the using until adoption worldwide will come.

Maybe not for now, but the development of the era will bring Bitcoin can be adopted by all countries, considering that currently Fiat is still relevant to the current conditions, according to the government. With its decentralization, the government is afraid of losing its control if legalizing Bitcoin. No matter how strong it prevents Bitcoin, but in fact until now the development of Bitcoin is actually unexpected as we saw in 2021 yesterday

Adoption is on the move and its recognition thats why it couldnt be stopped nor inevitable but we know that fiat would still remain no matter what and bitcoin or crypto would remain as an
alternative.There's no way that it could replaced out those traditional things that we've been using through ages. Stopping is there but they couldnt done it technically thats why they do
put out their efforts on regulating everything which is attached to it via those platforms and services.

btcjoe99

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I like the view on Glasschain for this purpose. https://glasschain.org/Bitcoin-Footprint

check out the energy consumption. but then again, its only bad because of the amount of transactions it actually processes.

who will pay for it when block rewards get smaller than fees. the output spenders

nur rochid

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Quote from: Reatim on December 10, 2021, 02:06:13 AM

Quote from: mynonce on November 10, 2021, 01:20:45 PM

... or the topic could be:

Quote from: sheenshane on November 14, 2021, 05:59:05 PM

Quote from: goldkingcoiner on November 14, 2021, 05:41:51 PM

The topic of this thread should be : "they wish they could stop Bitcoin"

Much better, I tend to agree with you.

Let them do anything in their power because those who trust bitcoin and support it are more powerful than them because their capacity is limited while we as users is unlimited.
all the people in the world will act one in the future to support this market fully while they are still having problems in stopping bitcoin to progress.
i will continue the support and the using until adoption worldwide will come.

Maybe not for now, but the development of the era will bring Bitcoin can be adopted by all countries, considering that currently Fiat is still relevant to the current conditions, according to the government. With its decentralization, the government is afraid of losing its control if legalizing Bitcoin. No matter how strong it prevents Bitcoin, but in fact until now the development of Bitcoin is actually unexpected as we saw in 2021 yesterday

Rinderpest

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In the final draft of the MICA framework, the much anticipated cryptocurrency regulation also includes a provision forbidding the environmentally unsustainable consensus mechanism.

mynonce

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EU on Track to Ban Bitcoin: Report

'Bitcoin will be banned in the EU starting from 2025 if the Commission and the Council of the EU don’t ditch a crippling amendment to the MiCA framework'

source: https://u.today/eu-on-track-to-ban-bitcoin-report

Reatim

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Eloncoin.org - Mars, here we come!

Quote from: mynonce on November 10, 2021, 01:20:45 PM

... or the topic could be:

Quote from: sheenshane on November 14, 2021, 05:59:05 PM

Quote from: goldkingcoiner on November 14, 2021, 05:41:51 PM

The topic of this thread should be : "they wish they could stop Bitcoin"

Much better, I tend to agree with you.

Let them do anything in their power because those who trust bitcoin and support it are more powerful than them because their capacity is limited while we as users is unlimited.
all the people in the world will act one in the future to support this market fully while they are still having problems in stopping bitcoin to progress.
i will continue the support and the using until adoption worldwide will come.

Nutrient

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PoW was due to energy waste. Also China’s reason for banning Bitcoin has nothing to do with protecting the environment from harm. They should actually focus on the proper supply of energy.

Topic: They will try to stop Bitcoin (Read 1218 times)