Why has not any government stopped Bitcoin? - page 2.

YOSHIE

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Quote from: nrnahid on October 04, 2019, 01:42:59 PM

Governments have done enough to dissuade common people from using Bitcoin extensively. Being charged with operating unlicensed money changing businesses is a possibility if you engage in cash-bitcoin conversion.

if you visit my country you might not believe what happened with Bitcoin there.
from presidents to ordinary people, who use Bitcoin.

"How do you forbid all your family "not" can eat and sleep in your home". It is impossible...

In the Bitcoin stronghold that trades and invests, not just you here, starting from the president of the board members, the people, law enforcement, police, judges, involved and tempted by Bitcoin, so, how to ban and who prohibits...the answer is definitely not there..

You see in the news, the media, it's just a trick of the government to the people, as if Bitcoin is not good, the fact they are all in droves to buy Bitcoin.

Upgate

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Bitcoin popularity has gone all over the globe since her creation. The government didn't known that bitcoin will blossom in such a way that it will be difficult to control is circulation. They only thing they can do against bitcoin is not to be in full support of it, by telling their citizens not to invest in it cos they can't trace bitcoin transactions in case someone lost his or her money.

Lorence.xD

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Quote from: Upgate on July 01, 2020, 04:12:25 AM

The only thing I think the government can do is to regulate bitcoin, but putting a ban on it totally, it's impossible. The world is moving away from analog into a digital world era and cryptocurrency is leading way for that. Inasmuch you can say, the most secure and fastest way to actualize digital era is to adopt blockchain globally without further delays and sentiment's from the government bodies.

The regulation is the best compromise a country can do to get on the good side of bitcoin, we may never know what are the authority's ulterior motive but that is an assurance that bitcoin holder are safe within the confines of the country. The only thing that a government that can get when they ban bitcoin and other cryptocurrency altogether is a growing hate and disdain from their people and as a wise and smart politician, I would rather get on the good side of things.

hahay

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Is that a reality? Because even bitcoin is legal in many countries and of course the government will not stop bitcoin because what will happen is an increase in the actual use of bitcoin, at least bitcoin will be a great opportunity in the future to be used in terms of payments and other transactions because with digital transactions this is a solution to cut off the spread of any virus on this earth.

Upgate

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The only thing I think the government can do is to regulate bitcoin, but putting a ban on it totally, it's impossible. The world is moving away from analog into a digital world era and cryptocurrency is leading way for that. Inasmuch you can say, the most secure and fastest way to actualize digital era is to adopt blockchain globally without further delays and sentiment's from the government bodies.

lyka

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If you see why the Austrian authorities banned Silvio Gesel’s “free money” in 1932, you will understand why bitcoin was limited, but not prohibited. A global emission-free economy awaits us all. Sooner or later, the problem of world debts and banks will be solved. Silvio Gesel announced the principle of fair money, and in 1932 an experiment was made in the Austrian city of Wörgl on the use of such money. In essence, this was a presentation for the initiates, since the technology of turnover and accounting for such money did not exist yet.
Now such a technology is a blockchain. But it must be brought to perfection.

Lorence.xD

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Quote from: MCVXYZ on April 13, 2020, 03:37:21 PM

There is a very simple answer...People put their assets into this,they believe in it more and more,even today when its very hard to invest your money in pandemic-proof business and that's why. the most important thing in this case is people and nothing more.I think this is the measure of person's liberty and bitcoin has already proved its safety.

What he is saying is the very reason that the government should take measures to stop bitcoin altogether, maybe the reason for the governing bodies not stopping bitcoin is that they believe that it is a solution in development and they are trying to figure out how to harness and benefit from it. We will never know how the governments truly wants, but I think they see the same thing that a normal person can see and they are just calculating the risk whether it would outweigh the rewards or not. Ulterior motives have been around since the dawn of humanity and we can never comprehend.

lyka

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Any government can easily stop bitcoin. But no one needs it. Bitcoin acts as a foreign exchange currency for the blockchain industry. And the blockchain industry has needed and still needs breakthrough ideas, building infrastructure, and building the foundation for the subsequent adoption of blockchain worldwide. It can be done imperceptibly, for this purpose it is necessary simply not to interfere with it.
But we all saw how the banks tightened the requirements for exchange and .... everything! Many projects that planned to issue debit cards have ceased operations. Not only that, here is a new example - Pavel Durov's blockchain project is closed.
But blockchain is needed by everyone, and governments too. Therefore, they choose the methods of influence, but are not going to close the blockchain.

Lab Breyer

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Because it is Future

MCVXYZ

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There is a very simple answer...People put their assets into this,they trust and believe in it more and more, even today when its very hard to invest your money in a pandemic-proof business. the most important thing in this case is people and nothing more. I think this is the measure of person's liberty and bitcoin has already proved its safety.

Tejapo77

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they can't even though if they try Wink

lucky_buddha

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As a comparison, think of P2P file sharing/torrent. It can only be moderated to an extent, and I don't think the government would be willing to use that many resources to shut down bitcoin anyways. Besides which, they would have to work towards regulation policies before they had enough reason to shut it down.

romeojasmin13

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Quote from: Kounter on April 03, 2020, 09:19:12 AM

Because goverments wants to regulate it, not to stop it

Some government are trying to ban cryptocurrencies, it proves that they want to stop it, but they are unable to do it.

senin

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Bitcoin, like other decentralized cryptocurrencies, spreads bypassing all traditional financial systems via the Internet. To stop Bitcoin, you need to stop the Internet, and so far no government can do it.
Recently, the Deputy Chairman of the Central Bank of Russia admitted that it is impossible to stop cryptocurrency. Many governments have already considered this possibility, but all of them subsequently abandoned this idea.

Kounter

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Because goverments wants to regulate it, not to stop it

hv_

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Clean Code and Scale

Hard to stop compliant systems

Easy to see segwit is not-compliant

That's what reasonable ppl & govs do

Tiews223

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Quote from: nrnahid on October 04, 2019, 01:42:59 PM

Governments have done enough to dissuade common people from using Bitcoin extensively. Being charged with operating unlicensed money changing businesses is a possibility if you engage in cash-bitcoin conversion.

Governments were caught off guard when many used bitcoins. Governments may not be able to stop something that is not in the law. There are no penalties to the emergence of bitcoins as there are no laws that would penalize them. Governments nowadays, should provide a law and provide concrete guidelines together with it corresponding penalties for violators and those who abuse it. In line with this for example, using bitcoins as a means to evade tax or use these bitcoins for illegal transactions.

TheNewAnon135246

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Quote from: TopExchanger on January 27, 2020, 12:45:39 AM

The answer is simple - decentralization. Bitcoin is unstoppable because it's decentralized. Do you know who controls the system? Neither do the government.

I doubt they'd be interested in actually stopping Bitcoin, since that would be them destroying innovation. Governments will do their absolute best to (over)regulate Bitcoin by restricting fiat on/off ramps (look at the recent AMLD5 changes).

fortunecrypto

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Quote from: nrnahid on October 04, 2019, 01:42:59 PM

Governments have done enough to dissuade common people from using Bitcoin extensively.

I don't think it's enough, it just keep Bitcoin moving and getting adopted it's Bitcoin who gets the government to surrender because they cannot contain it anymore, you cannot bring down a great technology it will find it's way, because people find it interesting and unique.

zviadits

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Quote from: aioc on February 05, 2020, 10:35:40 AM

Quote from: numismatist on February 04, 2020, 02:48:50 PM

Quote from: diazepam666 on January 27, 2020, 08:38:35 AM

First of all why it should be stopped by the government???

That's the right question. Since we don't really know everything about Bitcoins origins, it might even have been a project run by an agency.
Doesn't matter. The community runs it todays.

They can only try but there is no guaranty that they can, so they would not even try to do that they can do that when it was just starting out and they can save their resources but it's now very popular and very viral, it would take a huge resources to stop it and of course investors will not let government stop them, there is big money to be made here.

It's impossible. It seems to me that stopping crypto is similar to stopping the Internet, it will require an incredible amount of resources and this should be mutually beneficial with most of the world's countries.

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