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Topic: Who wrote the rules for bitcoin (Read 539 times)

member
Activity: 70
Merit: 10
November 04, 2017, 07:37:00 PM
#32
Every time Wall Street makes a decision or Banks make a decision it highly affects the rules of the BTC Game.

For example: CME planning Bitcoin Futures is Huge News like no other compared announcement so ultimately Wall Street/Banks have the most influence as well as the FEDS on controlling and manipulating MARKETING for Bitcoin
sr. member
Activity: 1071
Merit: 253
November 02, 2017, 06:23:49 AM
#31
Does Wall Street or banks have the ultimate concluding laws that they will implement on stopping bitcoin

They’re trying for sometimes now, as well as more propaganda’s for the public supports them but the end result is most of the people just ignored them and move on. Most investors now are earning much more than the banks that they supported for a long time. They have acknowledged that this officials are getting richer and richer while they’re investments on banks are not profitable as they have with bitcoin.

This laws will not hold the public from doing what they want as democracy is the main slogan of most country.
As we know that bitcoin is decentralize and still it’s a very big question in bitcoin that who is the founder of bitcoin and from where it’s going to operate and who is going to operate bitcoin so it’s very hard to say about bitcoin who wrote the rules but all is going well in bitcoin because it’s going to help humanity so thanks to bitcoin.
sr. member
Activity: 1778
Merit: 328
November 02, 2017, 04:41:41 AM
#30
Okay, neither of those entities can ultimately pass any laws. Laws are entirely in the hands of the government, so as far as regulations go, Wall Street and banks barely have a say.

It will depend on your country if your government wants to "stop" Bitcoin, but overall, in the global scale, the outlook is pretty positive. If you live in the US, which I assume because you mentioned Wall Street, then you have nothing to worry about.
If it could be happened so countries would have been banned bitcoin now but bitcoin is not in control of countries because bitcoin is completely decentralized. Counties can just impose restrictions on exchanges and not they can do more than this. There are so many ways for people to access to bitcoin frequently.

If someone draws rules for bitcoin so I don’t think so that they would be able to implement the rules in real sense and at the end they would realize the fact about decentralization feature of bitcoin. 
sr. member
Activity: 420
Merit: 250
November 01, 2017, 05:32:07 AM
#29
Does Wall Street or banks have the ultimate concluding laws that they will implement on stopping bitcoin

lol no Smiley They might try but they will probably fail. Right now i think Wall Street is probably looking into ways how to profit from the bitcoin price increase. To stop the bitcoin you would literally need to control entire internet. And this would work only until a workaround for the solution would be found.
full member
Activity: 616
Merit: 102
November 01, 2017, 05:04:54 AM
#28
Does Wall Street or banks have the ultimate concluding laws that they will implement on stopping bitcoin
Bitcoin will always prevail.  Grin They cannot stop bitcoin. Bitcoin is known all over the world if only they can convince all bitcoin users to stop using it then that's the end. However it's impossible.  Grin
Ucy
sr. member
Activity: 2576
Merit: 401
October 30, 2017, 06:28:55 PM
#27
Well, the creators wrote the rules which they too abide by.
 Those entities and others like them will definitely try on stopping Bitcoin but will continue fail as usual.
member
Activity: 112
Merit: 10
October 30, 2017, 06:13:15 PM
#26
Does Wall Street or banks have the ultimate concluding laws that they will implement on stopping bitcoin

They can just ban trading or stop accepting it by companies but it is impossible  to freeze wallets or cease them somehow.
member
Activity: 70
Merit: 10
October 30, 2017, 05:47:22 PM
#25
lobbyist with a lot of money and influence dictate the laws at the end of the day
full member
Activity: 210
Merit: 100
October 30, 2017, 06:55:04 AM
#24
There no rules set by a gouvernement or by a legislator but the rules in the Bitcoin Community are set by its own users.
The users think that rules will be limiting the users' privacy, because the believe that every single member of this great community can contribute or can be part of a big (project, change, ...).
member
Activity: 106
Merit: 10
"The Best ICO with Best ROI:: Cube"
October 30, 2017, 05:40:31 AM
#23
I am not sure if government in my country can really control bitcoin by bringing out rules but our central bank is already thinking to prevent people from moving into bitcoin by highlighting it as risky.
Strange thing is that our central bank wants to release its own crypto currency to counter bitcoin rise.
sr. member
Activity: 254
Merit: 250
October 30, 2017, 05:33:41 AM
#22
I'm sure banks will want to stop the spread of bitcoins, but there is nothing they can do about it. They can only go with the flow, but they're still resisting.
sr. member
Activity: 308
Merit: 251
October 30, 2017, 04:37:29 AM
#21
Does Wall Street or banks have the ultimate concluding laws that they will implement on stopping bitcoin

They’re trying for sometimes now, as well as more propaganda’s for the public supports them but the end result is most of the people just ignored them and move on. Most investors now are earning much more than the banks that they supported for a long time. They have acknowledged that this officials are getting richer and richer while they’re investments on banks are not profitable as they have with bitcoin.

This laws will not hold the public from doing what they want as democracy is the main slogan of most country.
sr. member
Activity: 537
Merit: 250
October 30, 2017, 04:30:13 AM
#20
Okay, neither of those entities can ultimately pass any laws. Laws are entirely in the hands of the government, so as far as regulations go, Wall Street and banks barely have a say.

It will depend on your country if your government wants to "stop" Bitcoin, but overall, in the global scale, the outlook is pretty positive. If you live in the US, which I assume because you mentioned Wall Street, then you have nothing to worry about.

almost same here at philippines, nothing to worry to stop the bitcoin, because bitcoin here are totally adopted/accepted and some on us people are totally using bitcoin and gets involve in our daily life. more transaction now are related in bitcoin by our country bitcoin wallet provider to legally allowed us to use bitcoin in our whole country. and the outlook here are pretty positive too.
Can't say that if there's none of government's representation stating that bitcoin is officially accepted in your country.
To determine whether a country accept such cryptocurrencies is not because many people use it there, but how the regulation regarding its existence released by the government and there's no sign of "Prohibited/Illegal"
hero member
Activity: 490
Merit: 501
October 30, 2017, 04:27:10 AM
#19
The key word here is decentralization. As to who can be in command (who is writing the rules) for Bitcoin the answer is that nobody is doing it. However, there are developers working for Bitcoin and they are the ones in charge with the upgrading of the network to make it more agile and better responsive to new challenges...this is the reason why we have scheduled forks. In essence, nobody can ever control Bitcoin like a company controlling its assets. And whenever there are attempts to drastically change and control Bitcoin, the whole Bitcoin community is always on standby not to let it happen. And this can also be the big reason why many governments are afraid of Bitcoin because it is really beyond their freaking control and full influence unlike the traditional fiat or paper currency we are using right now where interventions are always done for different purposes.
full member
Activity: 546
Merit: 100
October 30, 2017, 04:05:19 AM
#18
Okay, neither of those entities can ultimately pass any laws. Laws are entirely in the hands of the government, so as far as regulations go, Wall Street and banks barely have a say.

It will depend on your country if your government wants to "stop" Bitcoin, but overall, in the global scale, the outlook is pretty positive. If you live in the US, which I assume because you mentioned Wall Street, then you have nothing to worry about.

almost same here at philippines, nothing to worry to stop the bitcoin, because bitcoin here are totally adopted/accepted and some on us people are totally using bitcoin and gets involve in our daily life. more transaction now are related in bitcoin by our country bitcoin wallet provider to legally allowed us to use bitcoin in our whole country. and the outlook here are pretty positive too.
full member
Activity: 238
Merit: 100
October 30, 2017, 03:47:54 AM
#17
Does Wall Street or banks have the ultimate concluding laws that they will implement on stopping bitcoin
In my country the banks have officially banned bitcoin as well as crypto. This is a determination to stop bitcoin in my country that is a sad thing Sad
hero member
Activity: 2632
Merit: 546
October 30, 2017, 03:38:34 AM
#16
Does Wall Street or banks have the ultimate concluding laws that they will implement on stopping bitcoin

Wall Streets or Banks does not have any final say on bitcoin. No central authority is above bitcoin for that matter because its decentralized. The only thing that nation or government is to put up regulations to somewhat "controlled" the flow of bitcoin in their country. And it you think that someone can really stop bitcoin, then go back last month specially the China news. Yes, the market has impacted, but bitcoin world didn't stop after they ban ICO and put a tighter regulations. See where we at right now, we just hit ATH without the biggest supporter of bitcoin before. So I guess you can have your answers regarding stopping bitcoin.
newbie
Activity: 169
Merit: 0
October 30, 2017, 03:27:48 AM
#15
I do not know about that, try the others can help answer kah
sr. member
Activity: 588
Merit: 257
October 30, 2017, 03:21:50 AM
#14
No one can stop bitcoin currency and its popularity.
Wall street or banks have no right or power to stop bitcoin operations.
Banning something is done by the government of any country.
What Banks or financial institutions like wall street can do, they can build a pressure on their respective governments to ban bitcoins.
Satoshi Nakamoto published a white paper about btcoins at the time of its introduction.
As bitcoin is a decentralised autonomous currency no one can control or manipulate it.
Its rules are already decided by its founders and  its users are following it strictly for the safety of their investments.
Countries like China, Bangladesh, Iceland, Russia, Sweden who feel bitcoins as a threat to their economy have banned it.
But there are countries like Japan, USA, Uk who are encouraging use of bitcoins.
There is a mix response over bitcoin all over the world.
newbie
Activity: 11
Merit: 0
October 30, 2017, 02:44:11 AM
#13
At the moment, it seems that "bitcoin" is becoming a keyword that can be guaranteed if a company wants to increase its share price.
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