Topic: Who wrote the rules for bitcoin - page 2. (Read 539 times)
While China banned some bitcoin deals, Japan is fast becoming the leading center of the digital money market.
Goldman Sachs Group is seeking to help its customers trade bitcoins and other virtual currencies.
Bitcoin cannot be stopped. Bitcoin is running on a global decentralized network of computers and stopping something like that are actually impossible. Governments can ban it's use, but people will still be running the software somewhere in the world, where it is not banned.
The rules are not written by Banks or Wall Street, but by the people running these full nodes to support a decentralized network. ^smile^
Go play https://play.google.com/store/apps/details?id=com.IUPuzzleMatch.WhackARabbit and think how these people might feel about Bitcoin. Bitcoin gets hit and it pops up somewhere else. ^lol^
The rules are not written by Banks or Wall Street, but by the people running these full nodes to support a decentralized network. ^smile^
Go play https://play.google.com/store/apps/details?id=com.IUPuzzleMatch.WhackARabbit and think how these people might feel about Bitcoin. Bitcoin gets hit and it pops up somewhere else. ^lol^
Ok, stopping Bitcoin is like attempting to stop hurricane, we all know it's coming but we cannot do anything.
Bitcoin core is coded very hard to be free from manipulations and even hackers cannot hack an entire community of blockchain.
Who made the rules? The creator itself named "Satoshi Nakamoto"
Who make the circulation rules? Every state and government should do regulations and rules not only for Bitcoin but to the entire crypto currency as well.
that is a well made answer to this thread topic, yes that is a big check and big fact. He made the rules of bitcoin not the wall street guys nor the central banks they just creating the rules of noise about how bad and negative bitcoin is, that is their marketing strategies just to survive their own businesses for the upcoming years, getting rid of the bitcoin or riding the roller coaster of its sky rocket price just to profit from it. They cannot stop bitcoin for now unless they shutdown the entire internet. Bitcoin core is coded very hard to be free from manipulations and even hackers cannot hack an entire community of blockchain.
Who made the rules? The creator itself named "Satoshi Nakamoto"
Who make the circulation rules? Every state and government should do regulations and rules not only for Bitcoin but to the entire crypto currency as well.
In my fucking country they trying to stop it. Using bitcoin(or gold) to by a cup of coffee make you go to prison. But you can keep it and tranfer it to money.
Ok, stopping Bitcoin is like attempting to stop hurricane, we all know it's coming but we cannot do anything.
Bitcoin core is coded very hard to be free from manipulations and even hackers cannot hack an entire community of blockchain.
Who made the rules? The creator itself named "Satoshi Nakamoto"
Who make the circulation rules? Every state and government should do regulations and rules not only for Bitcoin but to the entire crypto currency as well.
Bitcoin core is coded very hard to be free from manipulations and even hackers cannot hack an entire community of blockchain.
Who made the rules? The creator itself named "Satoshi Nakamoto"
Who make the circulation rules? Every state and government should do regulations and rules not only for Bitcoin but to the entire crypto currency as well.
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.
Everyone should keep in mind that there is a difference between "wants" and "can".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.
Sure they can pass a law to deem Bitcoin illegal but if users are careful and don't tie it to their identity by using an exchange (or using a mixer) then they can still keep using it.
They can't really block every single Bitcoin node. They'd have to block the internet like NK.
Does Wall Street or banks have the ultimate concluding laws that they will implement on stopping bitcoin
Bill Gates says, NO BODY CAN STOP BITCOIN! And I agree with him. Wall Street and any banks don't have the technology to stop Bitcoin. Now, some governments are fighting Bitcoin because they think it's a threat to their financial system. Maybe you're interested to read the following, What could the U.S. government do to stop Bitcoin and why would they want to?
Does Wall Street or banks have the ultimate concluding laws that they will implement on stopping bitcoin
Wall Street has no hold on bitcoins no matter how much they try because it isn't owned by any country nor market. Banks cannot intervene with bitcoins because they're virtually money or profit for them. Laws don't bound bitcoins because it's decentralized and it's just virtually floating in the internet earning more value by the week. Bitcoins today are just unstoppable.
I think they would have to consider jurisdiction in such a case because not every state or country abhors bitcoin or cryptocurrencies and so Wallstreet or whoever the power that be can and will only restrict bitcoin if its possible within the area he controls and not somewhere else because we have several other countries that are upholding bitcoin usage like Japan and you cannot absolutely ban bitcoin in japan from the United states.
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.
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.
Does Wall Street or banks have the ultimate concluding laws that they will implement on stopping bitcoin
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