Why has not any government stopped Bitcoin? - page 3.

aioc

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Quote from: numismatist on February 04, 2020, 01:48:50 PM

Quote from: diazepam666 on January 27, 2020, 07:38:35 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.

numismatist

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Quote from: diazepam666 on January 27, 2020, 07:38:35 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.

YOSHIE

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Quote from: nrnahid on October 04, 2019, 12:42:59 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.

You need to know that since Bitcoin was created by Satoshi, many Western governments have to do what, do not know what to do especially with Bitcoin until now.

"Bitcoin is hard to stop".

The fact that there is currently no leader of Bitcoin, even Bitcoin escapes censorship by governments in the world.

Even though there are governments that forbid their citizens from using Bitcoin, in fact, people still favor Bitcoin, because it is caused by Bitcoin having a decentralized network, you need to know again, bitcoin is currently implementing technology so that Bitcoin can be used without having to use the Internet, maybe you don't believe it but that's reality.

I repeat, "individual or country, the government cannot stop Bitcoin", because bitcoin is not controlled by individuals or centrally, with the exception that it may be restricted.

With what's happening now to bitcoin, the government can't do anything, the government, which recognizes illegal bitcoin, is more focused on taxes than its transactions, that's the best for them, instead of stopping it is complete the government chose this option rather than stopping, it can't, the key of Bitcoin is in yourself to stop and continue.

btccashacc

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Basically, they can stop it by regulating it, but to shut down bitcoin completely it is too impossible since it's uncontrolled and decentralized. Therefore the only way they can do is regulate and banning it. We all know that in some countries crypto has been banned from using it in terms of payment. Some countries also are trying to embrace technology behind bitcoin The Blockchain and starting to build their own crypto.

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

There is many positive things on blockchain and Bitcoin that should be legally approved and accepted by every government in this world. That is what everyone is expecting in the crypto or community.
Let's hope all will adopt blockchain and make blockchain government throughout this world.

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

Tamanna1

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It is the latest Technology so, Stopping Technology means Going back to the Stone Age. If They close the internet forever then they will be able to stop it.
They Can't Do it,You better know why.

TIDOVEE

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It's just like many of this government are threatened by bitcoin, and many do not know how it actually operates because in my country they have not been able to criticize it since it is not exhibiting any sign of internet fraudulence, once they notice any scan noise around bitcoin, they will do everything to go against it. The government can only tackle bitcoin in their domain and not all over the world, though I imagine how possible it is for all the government involved to come together and decide to stop it. That will be a power above decentralization.

Waheed2001

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Honestly Speaking, They Do not want to ban it. Because they see a huge amount of profit comes from its trading, otherwise, nothing is difficult for governments of world to stop.

smyslov

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Quote from: Tamanna1 on January 22, 2020, 12:26:30 PM

It is the latest Technology so, Stopping Technology means Going back to the Stone Age. If They close the internet forever then they will be able to stop it.
They Can't Do it,You better know why.

Yes that's true if they have a jurisdiction, they can do that, but this is internet based with no office or central figure to target, so they are left with nothing but to target their own people, some countries are successful in doing that, but this is an evolving technology, they can ban today but for how long, administration and government changes but this technology will go on.

imstillthebest

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Quote from: Baoo on January 21, 2020, 05:19:38 PM

Well, it is true that many governments are trying so hard in order to break Bitcoin through many ways like, banning Bitcoin in their countries and spreading some fake news, controlling the media ..ect but they always fail to achieve this ambition due to blockchain technology is so secure and the community of Bitcoin are spreading in the entire world ( Together stronger ) .

whats the connection of blockchain that is secure to the banning of government ?

but the strong community yes it helps counter the banning because people are working together to file an appeal or to convince the government that bans crypto. but you should not put the blame all on the government because there are people behind the fake news , controling the media and others that you describe above .

Baoo

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Well, it is true that many governments are trying so hard in order to break Bitcoin through many ways like, banning Bitcoin in their countries and spreading some fake news, controlling the media ..ect but they always fail to achieve this ambition due to blockchain technology is so secure and the community of Bitcoin are spreading in the entire world ( Together stronger ) .

In fact, we all know that Bitcoin has a better properties or characteristics than FIAT like, Euro, Dollars, Yen.. ect, the most important are the transaction speed , the low value of fees, the security of the wallet ..ect.
So it is so difficult to stop this new era I would think, and the governments should accept these facts to be honest.

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Quote from: malevolent on January 20, 2020, 03:55:39 PM

Quote from: hv_ on January 20, 2020, 07:53:22 AM

Nope - surlely not. They havn't even started.

Check out last game was against Liberty Reserve - who won ?

Liberty Reserve was centralized company, of course it wasn't difficult to shut them down. There is no need for an explicit Bitcoin ban to cause harm, various AML/KYC regulations are enough if they make it difficult to exchange fiat money for Bitcoin or vice versa.

The more devs and ppl try to make Bitcoin more ano, anarcho and crime finance, exchanges runaway, ....

The more we can expect govs will collaborate, exactly what happened with Liberty Reserve, no matter how many exchanges / fiat banks / miners are here

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Quote from: hv_ on January 20, 2020, 07:53:22 AM

Nope - surlely not. They havn't even started.

Check out last game was against Liberty Reserve - who won ?

Liberty Reserve was centralized company, of course it wasn't difficult to shut them down. There is no need for an explicit Bitcoin ban to cause harm, various AML/KYC regulations are enough if they make it difficult to exchange fiat money for Bitcoin or vice versa.

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Quote from: Ryker1 on December 22, 2019, 10:41:51 AM

Quote from: The Cryptovator on December 22, 2019, 07:40:55 AM

[snip]
Governments should welcome instead of ban so users will not use it on black markets.

Well, that sounds good if the government doesn't ban bitcoin all over the world and unite each other with the same motive in adopting Bitcoin. But there are some countries who hate Bitcoin because they think that it will harm the financial global economy including the banking system. BUT, in fact, bitcoin has no threat to the economy only the government is afraid. Indeed, we have nothing to do with this, because each country has its own jurisdiction and we should obey as a good citizen.

The point is that with BTC you can send money wherever you want if you have a correct wallet address, and this includes countries where they do not want your money to be sent to (like North Korea/Iran or specific individuals being on the bank wire transfer ban under UN security council decisions). It requires more effort to track it. and as well you can make OTC transaction for huge amounts, what potentially could mean you are hiding from taxes.

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Quote from: sovie on January 20, 2020, 05:26:44 AM

Quote from: oleg8791 on January 18, 2020, 03:39:16 AM

The answer is evident. Bitcoin is decentralized system. It was designed to be unstoppable.

Governments have taken all steps they can to stop cryptocurrency use from spreading. ...

Nope - surlely not. They havn't even started.

Check out last game was against Liberty Reserve - who won ?

sovie

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Quote from: oleg8791 on January 18, 2020, 03:39:16 AM

The answer is evident. Bitcoin is decentralized system. It was designed to be unstoppable.

Governments have taken all steps they can to stop cryptocurrency use from spreading. Its because of this decentralized nature they were not able to completely stop its use. This is where we see power of spreading the control to multiple entities, the system become robust and censorship free.

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Quote from: oleg8791 on January 18, 2020, 03:39:16 AM

The answer is evident. Bitcoin is decentralized system. It was designed to be unstoppable.

Yes, they can regulate transactions incoming to their jurisdictions but there's no way for them to stop it. Bitcoin is an unstoppable train and even some countries already expressed their ban to it, others might want to follow those steps or not because it isn't enough to stop it.

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The answer is evident. Bitcoin is decentralized system. It was designed to be unstoppable.

hv_

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Quote from: jessyj48 on January 17, 2020, 01:50:53 AM

If bitcoin can be stopped it would have stopped years ago when thing were very hard then, now that Bitcoin have overcome many hardship its now impossible to stop, secondly its not a centralized coin that can be control by the government or powerful people

Nope.

Bitcoin was / is too small and they got hold on some of the crimes like silk road . If devs / miners go the dark road they ll stop it imo

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