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Topic: They will try to stop Bitcoin - page 3. (Read 1218 times)

member
Activity: 753
Merit: 15
mulierum.com
November 21, 2021, 05:37:48 PM
There are some restrictions in some countries that do try to stop bitcoin. That's okay because not all countries are eligible to accept bitcoins and not everyone accepts bitcoins either. even this has happened from the start but bitcoin has proven that it deserves to be accepted and also used with its soaring value and rapid development. each country must have its own regulations to be able to accept or prohibit bitcoin for certain reasons.
legendary
Activity: 3080
Merit: 1292
Hhampuz for Campaign management
November 20, 2021, 07:28:15 AM
there are so many who try to stop bitcoin such as one example of the Chinese state which strongly opposes the circulation of bitcoin in that country where they forbid its people to adopt bitcoin, even though bitcoin is opposed by various countries but they are unable to stop the circulation of bitcoin or prohibit bitcoin from circulating in the global stock market, they can only ban the circulation but can't stop the bitcoins
Can you give us more examples then besides China though? You said there's a lot of groups or entities that are trying to stop bitcoin pretty sure that it's not only China though. Also, I don't get how there is a global stock market involved, they are a different kind of investment market so they really can't stop bitcoin if it doesn't exist right?

Let me answer that, I don't know if this list is still updated but there are the top 5 countries in which cryptocurrencies are banned.

1- CHINA
2-BOLIVIA
3- INDONESIA
4- TURKEY
5- EGYPT

source / https://www.news18.com/news/tech/five-countries-that-have-banned-cryptocurrencies-4233206.html
sr. member
Activity: 1274
Merit: 293
November 20, 2021, 05:22:28 AM
there are so many who try to stop bitcoin such as one example of the Chinese state which strongly opposes the circulation of bitcoin in that country where they forbid its people to adopt bitcoin, even though bitcoin is opposed by various countries but they are unable to stop the circulation of bitcoin or prohibit bitcoin from circulating in the global stock market, they can only ban the circulation but can't stop the bitcoins
Can you give us more examples then besides China though? You said there's a lot of groups or entities that are trying to stop bitcoin pretty sure that it's not only China though. Also, I don't get how there is a global stock market involved, they are a different kind of investment market so they really can't stop bitcoin if it doesn't exist right?
hero member
Activity: 2520
Merit: 783
November 20, 2021, 05:04:08 AM
they will always do whatever it takes to stop bitcoin, and they will not stop until their efforts succeed, they are always finding fault with bitcoin mining, I accept they stopped bitcoin to provide electricity, and create a clean environment for its citizens, but the question is why the government doesn't act fairly, because the miners of gold, coal, oil etc. why not stop, even their companies are supported by the government, such as in my country PT Lapindo which has released a lot of waste, thus destroying people's houses, but the government is silent and does not do nothing

To many attempts made by anti bitcoin from the past but nothing of them succeed and how much more right now where the adoption spreading fast across the globe for sure they will not succeed on what they plan towards this currency.

But for sure those any attempts will not succeed since one thing is for sure they are also into bitcoins and they are just spreading hate or any other reasons what you said just to paint bad bitcoins and dump it temporarily.
jr. member
Activity: 140
Merit: 2
November 20, 2021, 04:03:28 AM
It is already too difficult to stop something. If they wanted to do it, I think they would have done it earlier.
hero member
Activity: 2730
Merit: 632
November 19, 2021, 05:56:21 PM
there are so many who try to stop bitcoin such as one example of the Chinese state which strongly opposes the circulation of bitcoin in that country where they forbid its people to adopt bitcoin, even though bitcoin is opposed by various countries but they are unable to stop the circulation of bitcoin or prohibit bitcoin from circulating in the global stock market, they can only ban the circulation but can't stop the bitcoins
China has their own crypto meaning they are hindering  bitcoin for their own benefits,
that is a bias stand ..

but the people inside does not like their policy because there are so many miners in their region.

and look after their banning , bitcoin climbed another high.
Banning and prohibitions decisions made out by China isnt something new and if you've been here on this market for a while now then you wouldnt really be surprised on how things do works when it comes to fundamentals like these on which it cant really be avoided for people to think that there would be might some major or big effect on the entire market which is still not an assurance for it to happen.
Everything will really vary on demand of course but sentiments like this could neither give out some significant impact or not depending on how the community would react into it.
Stopping is something usual to happen because government does really hate decentralized things.
hero member
Activity: 1106
Merit: 508
Bisq Market Day - March 20th 2023
November 19, 2021, 03:29:30 PM
I believe one of the primary motivations for governments to ban cryptocurrencies is not to protect people from its dangers, but to make sure that people do not have access to the same tools being used for criminal activities by the government itself. There are so many reports and documentaries about how high profile (and low profile as well) politicians are hiding their money professionally in order to evade taxes and finance evil causes, what would the world be if everyone could do that? Better ban it for the majority of people! Wink
Exactly. It looks like the primary goal of every government is not to protect the citizens living on a territory a government has managed to get control over, but rather to protect itself from internal and external enemies and to prolong its existence. The two main "problems" of bitcoin are that there is no way for a single centralized entity such as the government to control it and therefore people using it, and also it is completely transparent for an outside observer. Functioning outside the scope of influence of the government, Bitcoin is threatening the status quo, the current financial system. Paradoxically, but if the vast majority of people choose bitcoin as their primary currency, the current financial system, which is based on government-issued fiat, may collapse. Why are they afraid of a transparent financial system based on sound digital money? First, with bitcoin, they can't finance their shady activities by inflating them, and second, they can't finance shady activities secretly because bitcoin is transparent. Bitcoin keeps them constantly in check and makes their power more limited.

It makes government's power more limited while extending the range of tools for financial activities for "ordinary" people. If you read Gabriel Zucman's analysis about how much money is hidden in tax paradises by the world's elites, holy shit I tell you, that is beyond imagination!

One major problem from the perspective of governments also is the fact that they can't freeze your Bitcoin accounts (assuming you are in control of your private keys and can keep them secret). They could put you into jail, but that doesn't bring them the money they might be after. Bitcoin in this regard definitely brings the world closer to a level playing field. This doesn't mean that everyone now has an opportunity to evade taxes and should use it, but the fact that tax evasion by the elites might entail a (harmful) counteraction by the "normal" people definitely helps at least a little bit to balance out power ratios. I know, we are far from a real balance here, but that is something we won't strike ever anyway for a plethora of reasons.
sr. member
Activity: 2828
Merit: 344
win lambo...
November 18, 2021, 08:40:17 AM
#99
there are so many who try to stop bitcoin such as one example of the Chinese state which strongly opposes the circulation of bitcoin in that country where they forbid its people to adopt bitcoin, even though bitcoin is opposed by various countries but they are unable to stop the circulation of bitcoin or prohibit bitcoin from circulating in the global stock market, they can only ban the circulation but can't stop the bitcoins
China has their own crypto meaning they are hindering  bitcoin for their own benefits,
that is a bias stand ..

but the people inside does not like their policy because there are so many miners in their region.

and look after their banning , bitcoin climbed another high.
Crypto mining in China is quite known and of great numbers before. Apparently, their number is continuously growing until such a time that the government had to look for an opportunity to stop them ( maybe for some unidentified reason). That banning issue is the biggest challenge for their people, they are making a living to it and are suddenly just about to stop.

Well, that illegality is might be the concern of the government which urges them to regulate crypto but somehow, as to see that they are doing something more than that, they are aimed to manipulate and then take control.
full member
Activity: 2548
Merit: 217
November 18, 2021, 06:29:16 AM
#98
there are so many who try to stop bitcoin such as one example of the Chinese state which strongly opposes the circulation of bitcoin in that country where they forbid its people to adopt bitcoin, even though bitcoin is opposed by various countries but they are unable to stop the circulation of bitcoin or prohibit bitcoin from circulating in the global stock market, they can only ban the circulation but can't stop the bitcoins
China has their own crypto meaning they are hindering  bitcoin for their own benefits,
that is a bias stand ..

but the people inside does not like their policy because there are so many miners in their region.

and look after their banning , bitcoin climbed another high.
sr. member
Activity: 1876
Merit: 318
November 18, 2021, 05:55:49 AM
#97
there are so many who try to stop bitcoin such as one example of the Chinese state which strongly opposes the circulation of bitcoin in that country where they forbid its people to adopt bitcoin, even though bitcoin is opposed by various countries but they are unable to stop the circulation of bitcoin or prohibit bitcoin from circulating in the global stock market, they can only ban the circulation but can't stop the bitcoins

Bitcoin has proven to be very strong, even many parties have tried to stop Bitcoin always ending up failing. There have been many FUDs spread
by Bitcoin haters to stop Bitcoin, but they always fail. Although some FUD did affect the price of Bitcoin, but in the end Bitcoin managed to recover
and the price continued to rise. As long as there are people who use Bitcoin, Bitcoin can never be stopped. Especially with the performance that Bitcoin
has shown, which in a pandemic situation, Bitcoin can still grow. This is one of the reasons why more and more newcomers are investing in Bitcoin,
because it is proven that Bitcoin can be used as a source of income. There has been a lot of evidence spread on the internet that shows some
people managed to get rich after investing in Bitcoin. Although there are quite a number of benefits that Bitcoin provides for human life, it will never
be able to satisfy everyone. So there will always be those who hate Bitcoin and want to stop it, but no matter how hard they try to stop Bitcoin,
it won't work.
hero member
Activity: 1904
Merit: 510
November 18, 2021, 05:05:14 AM
#96
there are so many who try to stop bitcoin such as one example of the Chinese state which strongly opposes the circulation of bitcoin in that country where they forbid its people to adopt bitcoin, even though bitcoin is opposed by various countries but they are unable to stop the circulation of bitcoin or prohibit bitcoin from circulating in the global stock market, they can only ban the circulation but can't stop the bitcoins
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
November 18, 2021, 04:37:10 AM
#95
They Will will try to everything but they can't stop Bitcoin. Because Many people supporting bitcoin and bitched already huged development day by day.I Think bitcoin will go their rules and will be more development in future. Bitcoin price increase this year.i Think bitcoin price will be more rise in future.
You should not indulge yourself with the thought that states will not be able to do anything with bitcoin if they wish. They have not yet tried to stop him and it would be better if they did not have such a desire. So far, there is a good reason looming to ban Bitcoin mining. But the very circulation of bitcoin is practically not threatened by anything. It may well exist with an offer of 18 million. And it will be difficult to control this process of banning mining all over the world. There are several states from third world countries where bitcoin will still be mined.
If only one or two countries prohibit bitcoin and stop bitcoin while the other countries do not do the same, bitcoin will still grow because the other countries will benefit from bitcoin. Sooner or later, the country that prohibits bitcoin will realize the bitcoin benefits and change or modify its regulations.

With the higher bitcoin price, people or government will not let it away as simple because if they do not take part inside bitcoin, they will regret it someday. The government can stop bitcoin but when bitcoin becomes bigger and gets more popular, more countries will support bitcoin.
legendary
Activity: 2450
Merit: 4415
🔐BitcoinMessage.Tools🔑
November 18, 2021, 01:54:14 AM
#94
I believe one of the primary motivations for governments to ban cryptocurrencies is not to protect people from its dangers, but to make sure that people do not have access to the same tools being used for criminal activities by the government itself. There are so many reports and documentaries about how high profile (and low profile as well) politicians are hiding their money professionally in order to evade taxes and finance evil causes, what would the world be if everyone could do that? Better ban it for the majority of people! Wink
Exactly. It looks like the primary goal of every government is not to protect the citizens living on a territory a government has managed to get control over, but rather to protect itself from internal and external enemies and to prolong its existence. The two main "problems" of bitcoin are that there is no way for a single centralized entity such as the government to control it and therefore people using it, and also it is completely transparent for an outside observer. Functioning outside the scope of influence of the government, Bitcoin is threatening the status quo, the current financial system. Paradoxically, but if the vast majority of people choose bitcoin as their primary currency, the current financial system, which is based on government-issued fiat, may collapse. Why are they afraid of a transparent financial system based on sound digital money? First, with bitcoin, they can't finance their shady activities by inflating them, and second, they can't finance shady activities secretly because bitcoin is transparent. Bitcoin keeps them constantly in check and makes their power more limited.
hero member
Activity: 1106
Merit: 508
Bisq Market Day - March 20th 2023
November 18, 2021, 12:25:37 AM
#93
No, it isn't that "They will try to stop Bitcoin" according to your topic but that they already have been doing it. The exciting part though is that they won't be able to succeed at it.

A ban on mining alone would be bad, but not as bad as total ban on everything Bitcoin-related, like they did in China.
Even with the complete ban by the Chinese government, despite her population, Bitcoin is still thriving. At the end, China will be the sore loser in all that.
Yes, they are? And the government cheats their people in a way that they never give this opportunity their people to enjoy and make a good living out of crypto. The government has their unfair decision, it is supposed they ask first to the community before implementing the ban. If that their purpose is to stop fraud, money laundering, and other illegal activities, that I think there is a way to decrease this coz this will never stop no matter what they do.

I believe one of the primary motivations for governments to ban cryptocurrencies is not to protect people from its dangers, but to make sure that people do not have access to the same tools being used for criminal activities by the government itself. There are so many reports and documentaries about how high profile (and low profile as well) politicians are hiding their money professionally in order to evade taxes and finance evil causes, what would the world be if everyone could do that? Better ban it for the majority of people! Wink
sr. member
Activity: 280
Merit: 253
November 17, 2021, 10:24:18 PM
#92
''They will try to stop Bitcoin''

This is not a matter of "will." They have already been trying to stop Bitcoin. This is just one of those attacks. This is in a way unique in that this is coming from another side. When Bitcoin was first attacked by these same scumbags, the attack came from the side of Bitcoin being labelled as an underground currency which is preferred by none other than the criminals. 

That attack didn't last long. Today, even the richest person on the planet and other billionaires own Bitcoin. That's why they're constantly changing attack approaches because they fail every time.
He gets it.

Crypto threat to existing banking system. US uses "only criminals use it", because the law motivates the sheople in the US. EU uses it's not green enough, because that motivates the sheople their.

The sheople are slowly waking up to the massive inflation caused by the rampant money printing and theft of people's savings through the pandemic stock market crashes worldwide and rampant money printing.

They see the deflationary currency that is BTC and they want out of the system.

The NWO won't let that happen.
full member
Activity: 2142
Merit: 183
November 17, 2021, 09:06:10 PM
#91
They Will will try to everything but they can't stop Bitcoin. Because Many people supporting bitcoin and bitched already huged development day by day.I Think bitcoin will go their rules and will be more development in future. Bitcoin price increase this year.i Think bitcoin price will be more rise in future.
You should not indulge yourself with the thought that states will not be able to do anything with bitcoin if they wish. They have not yet tried to stop him and it would be better if they did not have such a desire. So far, there is a good reason looming to ban Bitcoin mining. But the very circulation of bitcoin is practically not threatened by anything. It may well exist with an offer of 18 million. And it will be difficult to control this process of banning mining all over the world. There are several states from third world countries where bitcoin will still be mined.
hero member
Activity: 2744
Merit: 588
November 17, 2021, 06:42:13 PM
#90
Yes, they are? And the government cheats their people in a way that they never give this opportunity their people to enjoy and make a good living out of crypto. The government has their unfair decision, it is supposed they ask first to the community before implementing the ban. If that their purpose is to stop fraud, money laundering, and other illegal activities, that I think there is a way to decrease this coz this will never stop no matter what they do.
Every government have different say as some of their people uses it to cheat or scam their community while other governments plans on improving their implementation of having crypto to be used fully by their people to help them in their living. It will depend on the situation of each country but mostly many stops it as it hinder their political will or too scared that they can’t control their people’s money once they all use crypto.

Indeed, every government has their own reason why they have different approach towards bitcoin.
Some are very open like El Salvador, while others are totally shutting it down like China.
You can really see the difference here by looking at these 2 countries.
However, whether countries have varying regulations towards crypto, it shows that no one can totally dictate its future.
full member
Activity: 233
Merit: 253
November 17, 2021, 06:36:40 PM
#89
... Their goal is not about giving the opportunity for their people to live better ...

Bitcoin's goal is about giving the opportunity for the people to live better ...
sr. member
Activity: 2436
Merit: 343
November 17, 2021, 06:28:35 PM
#88
Yes, they are? And the government cheats their people in a way that they never give this opportunity their people to enjoy and make a good living out of crypto. The government has their unfair decision, it is supposed they ask first to the community before implementing the ban. If that their purpose is to stop fraud, money laundering, and other illegal activities, that I think there is a way to decrease this coz this will never stop no matter what they do.
Every government have different say as some of their people uses it to cheat or scam their community while other governments plans on improving their implementation of having crypto to be used fully by their people to help them in their living. It will depend on the situation of each country but mostly many stops it as it hinder their political will or too scared that they can’t control their people’s money once they all use crypto.
And this gives the reason why can't make the community fully trust the government as they are believing the number 1 cheater. Their goal is not about giving the opportunity for their people to live better, in fact, that was their campaign, however, it comes to change when their money involve and makes people suffer because of their personal interests.

It can't be just a political will but this is because of greediness. And they will stop and never allow crypto to exist in their place if they can never control it nor to have the benefits.
hero member
Activity: 2716
Merit: 698
Dimon69
November 17, 2021, 05:29:30 PM
#87
Yes, they are? And the government cheats their people in a way that they never give this opportunity their people to enjoy and make a good living out of crypto. The government has their unfair decision, it is supposed they ask first to the community before implementing the ban. If that their purpose is to stop fraud, money laundering, and other illegal activities, that I think there is a way to decrease this coz this will never stop no matter what they do.
Every government have different say as some of their people uses it to cheat or scam their community while other governments plans on improving their implementation of having crypto to be used fully by their people to help them in their living. It will depend on the situation of each country but mostly many stops it as it hinder their political will or too scared that they can’t control their people’s money once they all use crypto.
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