Because killing bitcoin is just about as doable as killing the internet. That and by this point in time, governments (for the most part) recognize that outright banning is neither an option nor really good for them.
They can ban crypto... it doesn't mean that such a ban can be enforced.
They can regulate crypto, however in the long run regulation will just mean bringing on large investors that will not enter the space without a certain level of regulation in place.
So basically bitcoin can't be banned practically-speaking, and any regulation in the long run will be helpful to the space.
Topic: Why government Don't kill btc? - page 2. (Read 1942 times)
Because they think that they are too big for bitcoin for them to bother doing something about bitcoin plus, they won't be able to do so because people will always resist authority if they find it oppressive.
why the government doesn't kill btc, the answer is very simple because btc doesn't threaten the country's economy at all, maybe the government has kept bitcoin a secret, the government has banned bitcoin mining, for various reasons, but in other countries like el salvador have legalized bitcoin,, that's why the government doesn't can kill bitcoin
how great bitcoin, make grow for some people economy, so the best choice is take the advantage, they can make regulation, taxing bitcoin user, or just swim on bitcoin too.
people will always find way to access crypto, no matter what. if government deny, people still play as silent as they cant. and its hard to 'kill', like removing people
people will always find way to access crypto, no matter what. if government deny, people still play as silent as they cant. and its hard to 'kill', like removing people
agree.
Crypto haters often forget that cryptocurrencies exist not to kill traditional financial systems or government-backed fiat currencies
but to provide more freedom (use) of money around the world.
The government won't fix anything by banning crypto
What is Stopping?
Why government Don't kill btc?
Why They protecting the btc?
Its Becouse They own Secretly btc?
Like They did with Gold in USA They banned Gold then They Secretly bought Gold in history
Why government Don't kill btc?
Why They protecting the btc?
Its Becouse They own Secretly btc?
Like They did with Gold in USA They banned Gold then They Secretly bought Gold in history
Because its out of control of Government so that it called decentralized actually. Government only make rule not to buy and sell BTC but can not control it. So, they protecting BTC is false actually and there has nothing to do and this is real. What is Stopping?
Why government Don't kill btc?
Why They protecting the btc?
Its Becouse They own Secretly btc?
Like They did with Gold in USA They banned Gold then They Secretly bought Gold in history
Why government Don't kill btc?
Why They protecting the btc?
Its Becouse They own Secretly btc?
Like They did with Gold in USA They banned Gold then They Secretly bought Gold in history
Depends your point of view.
1997 IMF-BIS publish first bitcoin-white paper
2009 Satoshi re-issues same white paper with consensus algo (NSA)
2009 Satoshi releases bitcoin source with NSA sha256 hash, and secp256k1 nsa private-key ecdsa ( 10+ shelf-life typical on NSA public crypto )
2013 scammers take over bitcoin infrastructure and turn it from libertarian to ponzi pyramid scheme
2021 Bitcoin algo approaches end of life, world gov steps in to offer stable CBDC currency's tied to the SDR
Well the reason all along is that BIS wanted a one-world currency, and they want crypto, and to date the plan is just fine, as crypto is now accepted all over the earth.
In 1933 they banned gold to prevent what happened in Germany 1919, where people bought gold to escape hyper-inflation, to prevent selling of USD the gov banned buying & hold gold. Here now, so what if people buy bitcoin, the NSA has the backdoor, in history of NSA have they ever publicly released an algo where they didn't have the backdoor. Fact.
Even if bitcoin is legal the government will be able to make a profit from it so the government will not kill bitcoin. Although there is a ban on virtual currency transactions in the country the government is interested in blockchain technology to take the digital country forward the government has also allocated in this sector in the proposed budget it has also been said that blockchain technology will be used experimentally in the next financial year. The main technology behind bitcoin is blockchain in other monetary systems such as the government of that country and the central bank are involved.
If you try to abolish something people like, it just pops up somewhere else.
Because Bitcoin can bring a certain amount of profit to the government, the government will certainly not block Bitcoin if it gets the benefit. In addition, the government can also use Bitcoin to stabilize the country's economy, which is conducive to the governance of the country.
Governments can't destroy Bitcoin. But they have the freedom to ban it (like China did). And it would affect the price for some time too. But it wouldn't cause Bitcoin price to go down to zero or something like that.
China did ban it but it didn't stop its people from buying. You can see the Chinese exchanges still have their users there. Go to the P2p page of binance because the list of the Chinese names goes on and on.
The government can't kill BTC. They just have to accept that people are using different currencies now and it can coexist with the currencies made by the government.
Governments can't destroy Bitcoin. But they have the freedom to ban it (like China did). And it would affect the price for some time too. But it wouldn't cause Bitcoin price to go down to zero or something like that.
how great bitcoin, make grow for some people economy, so the best choice is take the advantage, they can make regulation, taxing bitcoin user, or just swim on bitcoin too.
people will always find way to access crypto, no matter what. if government deny, people still play as silent as they can. and its hard to 'kill', like removing people
people will always find way to access crypto, no matter what. if government deny, people still play as silent as they can. and its hard to 'kill', like removing people
~
Even if they did, the least they can do is to ban exchange we got these days like Binance, Bittrex, etc. Sites like LocalBitcoins also counts for another and those custodial wallets you know, they're being taxed as well when you cash it out.However regardless of the bans and efforts they can make, people still have access to VPNs and p2p transaction.
I don't think the Government can kill Bitcoin, reason been that it operates in a decentralized system. It has no Central Bank. Can't be controlled by anyone. The Government can only get it banned, which won't also stop Bitcoin transactions.
Do not underestimate the capabilities of states and their governments. Even recently, we saw former President Trump speak negatively about Bitcoin, and it immediately plummeted in price and pulled the entire cryptocurrency market down. But he no longer even has any real power. One can imagine what will happen to the price of bitcoin if even several governments of the world states prohibit the circulation of bitcoin or all cryptocurrencies. We'd better not see this.So far, the states at the G20 summit have decided that cryptocurrency does not pose a threat to global financial stability. However, the situation may change.
~
Even if they did, the least they can do is to ban exchange we got these days like Binance, Bittrex, etc. Sites like LocalBitcoins also counts for another and those custodial wallets you know, they're being taxed as well when you cash it out.However regardless of the bans and efforts they can make, people still have access to VPNs and p2p transaction.
Technically, I don't think it's impossible, but maybe it's because the prospects are very good and indeed it's proven by its very good fundamentals, it's a shame if things like this are thrown away for free.
and for this matter regardless of the government owning btc or not, this is still beneficial for both the holders, traders and the government itself because btc has imposed taxes, indirectly these three parties can mutually benefit each other
and for this matter regardless of the government owning btc or not, this is still beneficial for both the holders, traders and the government itself because btc has imposed taxes, indirectly these three parties can mutually benefit each other
I don't think the Government can kill Bitcoin, reason been that it operates in a decentralized system. It has no Central Bank. Can't be controlled by anyone. The Government can only get it banned, which won't also stop Bitcoin transactions.
- As long as many big countries around the world gather together, killing bitcoin is just a simple story, many underground forces from government have expertise in these elimination but from the perspective of the lifetime of bitcoin, thinking in a positive way, perhaps face-to-face government negotiations are the surface and bitcoin is a shadowy collaboration between several governments. The use of bitcoin is quite real and mysterious as such, the government does not want to kill, they are just hiding some manipulation around it, necessary and will use
I don't think the Government can kill Bitcoin, reason been that it operates in a decentralized system. It has no Central Bank. Can't be controlled by anyone. The Government can only get it banned, which won't also stop Bitcoin transactions unlike Gold and other assets that's controlled by government. If you buy what the government ban, that's a way of becoming rich in the society.
What is Stopping?
Why government Don't kill btc?
Why They protecting the btc?
Its Becouse They own Secretly btc?
Like They did with Gold in USA They banned Gold then They Secretly bought Gold in history
Because they don't have the ability to do so. As Bitcoin is decentralized, the network as such cannot be shut down and there's no central authority in BTC which is why the government could not be regulated by the system itself. So the only thing they could do is limit and restrict the access of people over BTC. Why government Don't kill btc?
Why They protecting the btc?
Its Becouse They own Secretly btc?
Like They did with Gold in USA They banned Gold then They Secretly bought Gold in history
It is theoretically possible to completely ban btc, but it is actually impossible. For example, most of the international bans, there are always some small countries or institutions because of their interests, so that capital will flow into these few countries, and other countries will see If there are benefits to be taken up, they will naturally keep up. Just like most countries ban the development of atomic bombs, but some countries will do it. Another example is the prohibition of drugs in the world, but drugs are still rampant.
If the people can throw away their freedom and submit to oppressive powers then that's when we are going to see bitcoin fading out because no one wants to break the oppression and therefore no one will be able to rebel and do the right thing. But that too would be impossible because people that will fight for what is right will always exist no matter how harsh the reality is. Jump to: