Why hasn't any government stopped Bitcoin? - page 12.

Lanatsa

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Quote from: DannaWonder on November 16, 2017, 10:23:49 PM

Quote from: 1BTC EQUALS 1CAR on November 15, 2017, 09:39:15 PM

Bitcoin is a very powerful technology and the communities that supports bitcoin is too huge so government can't do that because they are opposing what their citizens want. It is unstoppable that even they ban it now, they'll be needing to adjust and change their minds because bitcoin will be used worldwide in the near future.

Governments are starting to regulate the use of bitcoin because of the threat that it is giving to the fiat system. Yes bitcoin might become the future's currency but government will not allow a non regulated currency to be used by their residents.

In the sense of regulation which they cant directly regulate bitcoin thats why they do target on the services or the things which do connects on bitcoin like exchanges and merchants because theres no way that government can really block the network to avoid their citizens to engage into bitcoin because as long theres an internet,citizens do freely move and can engage to bitcoin without noticing by the government.This is why they do block indirectly because they cant do nothing if they would really target on the roots.

RedX

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Stopping bitcoin just means stopping economies to grow more. These countries are going to be stucked in a slow progress if they will not give bitcoin a chance to be used in their monetary system. Bitcoin is the best invention of this era to help everything to be monetized fairly so it's a stupid move if they will stop it.

Habakkuk77

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Bitcoin cannot be stopped by the governments because they don't have control and authority over bitcoin. It is also open to individual, anyone can participate in this currency and it isgetting wider and famous and proven. Countries who declare bitcoin as legal sees and realize this as a good form of economy, investment and currencies.

DannaWonder

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Quote from: 1BTC EQUALS 1CAR on November 15, 2017, 09:39:15 PM

Bitcoin is a very powerful technology and the communities that supports bitcoin is too huge so government can't do that because they are opposing what their citizens want. It is unstoppable that even they ban it now, they'll be needing to adjust and change their minds because bitcoin will be used worldwide in the near future.

Governments are starting to regulate the use of bitcoin because of the threat that it is giving to the fiat system. Yes bitcoin might become the future's currency but government will not allow a non regulated currency to be used by their residents.

1BTC EQUALS 1CAR

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Bitcoin is a very powerful technology and the communities that supports bitcoin is too huge so government can't do that because they are opposing what their citizens want. It is unstoppable that even they ban it now, they'll be needing to adjust and change their minds because bitcoin will be used worldwide in the near future.

Carmen01

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Its simple because we need this bitcoin in life and if government know bitcoin i think base on the earnings here and the conveniece that bitcoin brings i think they will authorized bitcoin and they will spread this also because we need this in life and its good know.A lot of user here ask this question about government but for me continue bitcoin then if they not authorized this in your country then stop

Layonk

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Quote from: darkangel11 on June 19, 2017, 06:18:31 PM

Fighting it without any effects is much worse than not doing anything. I'm sure some countries have thought of it, but analysis has proven it to be not worth it.
Bitcoin is not threatening to destabilize the government, so there's no need to fight it and doing so might prove to be futile. How would you stop an online project, that isn't supported by your local servers? You can't go to neighboring countries and start arresting people, and arresting node runners and miners in your country wouldn't stop anything.

you are right. there nothing to fight with bitcoin we got more advantage than the disadvantages.

crypcoinmonster

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Nepal has been trying.

MoonJeina

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I don't think this implies on all the governments .
China's government has stopped and banned the use of bitcoin in China . Other governments might not be banning bitcoin because bitcoin is the star of the market .
The impact and the domination of bitcoin on market is not hidden from any one . Governments might be confused about its acceptance ( because of the links of dark web ) but they definitely cannot deny the immense positive growth of economy in their country by the help of bitcoin.

TheKeyLongThumbI

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Because they know and they admit that blockchain could be put in a good use. It can help us financially and they are just worried about some things like regulating it and taxing it. And also they will not stop it because bitcoin will be the technology of the future.

Irvinn

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It seems that states simply can not stop the spread of bitcoin in their country. An example of this is China, whose government tried to prohibit the circulation of bitcoin. however, none of this did not happen, as the population began to circumvent these prohibitions in various ways. Although, for example, countries such as Bangladesh, Vietnam and some others have banned the Crypto-currency. Let's see what will come of it.

genolica

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Quote from: botany on June 19, 2017, 11:58:13 AM

Quote from: w0lverine on June 17, 2017, 08:53:17 PM

At the early stages Russia ruled it as illegal, China outlawed all withdrawals and some other country also spoke against it. But now everything seem to be smoothing up at least on the government side. Surely Bitcoin must be seen as challenging their authority. Is there something I am failing to see? All it would take is a 51% attack or a new law.

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.

Surely. It makes crime in a sense

Rajamuda

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It wouldn't be easy for all governments or some governments from different countries to stop bitcoin or stoped the development of bitcoin itself. They may be able to forbid the community to use bitcoin, but that doesn't mean they have the right to stop bitcoin and can stop the development of bitcoin in the internet world. Bitcoin is freedom and still entitled to be used by anyone as long as there is an internet network used and given that bitcoin itself has a decentralized system.

supandi wiharja

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I think the government can not stop bitcoin.
If the government wants to stop bitcoin then i think the government should stop the internet, and that's very unlikely, because everyone in the world needs the internet.
In my opinion, governments in the world must be able to adjust to the existence of bitcoin at this time.

lepricoin

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umachit.fund

Well, it's probably impossible to forbid bitcoin in printsype, but it can be forbidden to trade it in the country. but this unreasonable move of the government needs to keep pace with the times, to match the society, although the majority of officials in the declarations indicate bitcoins

hugeblack

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Quote from: w0lverine on June 17, 2017, 08:53:17 PM

At the early stages Russia ruled it as illegal, China outlawed all withdrawals and some other country also spoke against it. But now everything seem to be smoothing up at least on the government side. Surely Bitcoin must be seen as challenging their authority. Is there something I am failing to see? All it would take is a 51% attack or a new law.

at first time government try to fight bitcoin then start ban .

Trust is the reason that make bitcoin have power now Because trust make bitcoin have price and can fight against control of government .

Increase price make new people join to bitcoin and make high Demand

now government try to make some income from bitcoin and may be start accept it with some rules

Mr.Dick

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didn't the federal reserve bank bought a huge amount of btc?

ahasan909

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Still, no users report Bitcoin For anything, and The government doesn't know where its operate. and Who controls this, Still many countries have legality for using bitcoin
I thought that's why government Don't stop bitcoin

Kemarit

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Quote from: GreenCoin22 on November 02, 2017, 06:12:15 PM

As stated in a documentary regarding bitcoin, if they can`t stop it they adopt it. And I think that this case is something similar. They tried to stop it but when they saw that it can`t be stopped and somehow will proceed because there is not a central, they decided to adopt it and earn as much as they can from it. In my opinion the interviews of huge banks and the other huge investors that say it`s a bubble may be for decreasing the price of it and earning by themselves.

If you can't beat them join them. Yea nice. But its not the way is seems. China has been friendly with bitcoin ever since. But then do a sudden U-turn because they think its gonna be uncontrollable in the next coming years. So they instantly banned ICO, closed exchanges for that fear and I don't think they are coming back to join. I think by now the Chinese government knows that they can't really stop it that's why mining is still allowed. People will really try everything just to get their hands on bitcoin, even going underground is a options for most of them. I hope governments should know by now that the sphere of influence has almost covered the entire globe and it can't really be stop by anyone.

muffinsboat

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Quote from: w0lverine on June 17, 2017, 08:53:17 PM

At the early stages Russia ruled it as illegal, China outlawed all withdrawals and some other country also spoke against it. But now everything seem to be smoothing up at least on the government side. Surely Bitcoin must be seen as challenging their authority. Is there something I am failing to see? All it would take is a 51% attack or a new law.

They simply can't stop it. A law won't stop what can't be stopped. Not sure what a 51% attack is though.

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