Topic: Why hasn't any government stopped Bitcoin? - page 2. (Read 36251 times)
They see the benefit of it esp in means of being able to better trace where funds have been coming and going. There are blockchain forensic firms like Ciphertrace who are helping bridge the gap between regulators and crypto community to better facilitate a mere shut down entirely
Implied in this question is the notion that bitcoin COULD be stopped by any government. It CAN'T.
How would they just stop it? they would have to kill the internet.
stop in the meaning of ban and prosecute the ones that are using it you do not need to kill internet...
So, to cut a long story short, Bitcoin itself can't be stopped with someone else even government. But when it comes regulation on an exchange where to exchange your bitcoin to fiat, they are actively doing that.
How would they just stop it? they would have to kill the internet. It'll be interesting to see how different countries' governments react but for the most part I think they see the potential in getting involved
stop in the meaning of ban and prosecute the ones that are using it
you do not need to kill internet , just forbid it exchange to fiat and fine or jail the ones that are caught dealing with it
it is not as far fetched as it sounds - North Korea and OAE , I heard have jail sentences for those who are found guilty trading crypto
they think that it could lead to their currency getting attacked , potentially , laundering money etc.
in reality the countries simply do not wanna regulate it and prefer to ban the crypto altogether
nowadays cryptocurrencies are not adopted enough to live without exchange to fiat - not enough merchants trading , not enough adoption , so it is enough to cut the exchanges and banks from the chain and the cryptocurrencies won't be welcome in that particular country
How would they just stop it? they would have to kill the internet. It'll be interesting to see how different countries' governments react but for the most part I think they see the potential in getting involved
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.
Russia and China are very strict with their people, they can impose their will on their people, but not so on countries that have a democratic or liberal form of government, they can tax it, they can regulate but I doubt if they can make it vanish.
Because Bitcoin is still a revolutionarything and they investigate it!
ROFL.. I would broadly divide the world governments in to three categories:
1. Supportive of Bitcoin: countries like Japan, Germany, Singapore and Switzerland have legalized Bitcoin and regulated most of the exchanges. They realize that it is foolish trying to ban crypto. And these countries have got the benefits resulting from the legalization.
2. Hostile to Bitcoin: Countries such as China, India and Bangladesh are trying to ban Bitcoin. They have arrested Bitcoin traders and miners, and hopes that these tactics will scare away the citizens who are looking to invest in crypto.
3. Neutral: Countries such as Mexico, which are neither hostile, nor supportive of crypto.
1. Supportive of Bitcoin: countries like Japan, Germany, Singapore and Switzerland have legalized Bitcoin and regulated most of the exchanges. They realize that it is foolish trying to ban crypto. And these countries have got the benefits resulting from the legalization.
2. Hostile to Bitcoin: Countries such as China, India and Bangladesh are trying to ban Bitcoin. They have arrested Bitcoin traders and miners, and hopes that these tactics will scare away the citizens who are looking to invest in crypto.
3. Neutral: Countries such as Mexico, which are neither hostile, nor supportive of crypto.
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.
- its unstoppable, you need to kill every programmer who saw BTC source code!
Bitcoin is the popular digital asset and besides that, it is one of the reasons for blockchain innovation. People are accepting Bitcoin and in many countries, governments are started accepting Bitcoin which is opening doors of acceptance!
It is difficult to ban a cryptocurrency that is decentralized and exist only in cyberspace. Any country can make a law to make bitcoin illegal and bans it in their territory but as long as internet exist in that country, many people can still able to buy and sell it. Technology is always advancing and government might be caught unaware of this new technologies that mostly use in internet. Bitcoin is also getting popular around the world, even in countries where it banned. I think most of these countries now are planning for regulation instead of banning the bitcoin.
Now we have about ten different states that have banned the use of cryptocurrency on their territory. However, no country can stop the spread of Bitcoin and other cryptocurrencies around the world. Apparently, we have already passed the point of no return for cryptocurrency. Most of the countries with developed economies to some extent have already legalized cryptocurrency or are at different stages of its legalization. Therefore, even the adoption of a ban on the use of cryptocurrency by some kind of international union of states becomes almost impossible.
A tendência das nações é a aceitação, mesmo porque não há possibilidade de qualquer delas banir de forma efetiva tanto Bitcoin como outras criptos.
No Brasil, ao lançar as instruções para o Imposto de Renda 2019, a Receita Federal já elencou determinadas situações em que as criptomoedas devem ser declaradas, bem como o limite de venda mensal em que incide o IR.
Um grande passo para a regulamentação...
No Brasil, ao lançar as instruções para o Imposto de Renda 2019, a Receita Federal já elencou determinadas situações em que as criptomoedas devem ser declaradas, bem como o limite de venda mensal em que incide o IR.
Um grande passo para a regulamentação...
Its funny how the governments are fighting Bitcoin. It is decentralized so they don't have any Body to hold and it is taking power out of the government and Bank's hands. I think that is why they are subtly fighting it. They should focus on regulate it as they are doing and curbing the price manipulations and all will be fine.
that's the advantage of bitcoin, no one can have the power to stop bitcoin in full, even if it's a government. the government has all the power to stop, they have rules, police, judges and many others. but bitcoin is in a decentralized network? it is beyond the authority of the government
Its funny how the governments are fighting Bitcoin. It is decentralized so they don't have any Body to hold and it is taking power out of the government and Bank's hands. I think that is why they are subtly fighting it. They should focus on regulate it as they are doing and curbing the price manipulations and all will be fine.
it seems they can stop it by doing what they have done, which is introducing a huge taxation amount to it, at least within the united states, as well as making the taxation of it overly complicated, especially when it comes to mining.
for most things to be stopped, or at least slowed down significantly, you just have to make it a nuisance to take part, then add in a bit of delayed satisfaction ( aka, seize tons of btc and constantly flood the market with btc so the price drops ) and the progress of the activity, in this instance, btc, is slowed to a crawl
Stop the bitcoin by the state for what it is, because in general bitcoin does not harm anyone and its users are fully aware that this is a digital currency that can be used as money for payment or deposit for investment.for most things to be stopped, or at least slowed down significantly, you just have to make it a nuisance to take part, then add in a bit of delayed satisfaction ( aka, seize tons of btc and constantly flood the market with btc so the price drops ) and the progress of the activity, in this instance, btc, is slowed to a crawl
Therefore bitcoin cannot be stopped by anyone as long as the user community still exists, so the government should think more positively where it can use bitcoin to advance development.
it seems they can stop it by doing what they have done, which is introducing a huge taxation amount to it, at least within the united states, as well as making the taxation of it overly complicated, especially when it comes to mining.
for most things to be stopped, or at least slowed down significantly, you just have to make it a nuisance to take part, then add in a bit of delayed satisfaction ( aka, seize tons of btc and constantly flood the market with btc so the price drops ) and the progress of the activity, in this instance, btc, is slowed to a crawl
Taxes will not stop bitcoin, as long as there is a price paid by the government for that, such as legalization. the tax will not become for most things to be stopped, or at least slowed down significantly, you just have to make it a nuisance to take part, then add in a bit of delayed satisfaction ( aka, seize tons of btc and constantly flood the market with btc so the price drops ) and the progress of the activity, in this instance, btc, is slowed to a crawl
an obstacle to bitcoin, as happened in United States, in fact users grow very fast in that country.
it seems they can stop it by doing what they have done, which is introducing a huge taxation amount to it, at least within the united states, as well as making the taxation of it overly complicated, especially when it comes to mining.
for most things to be stopped, or at least slowed down significantly, you just have to make it a nuisance to take part, then add in a bit of delayed satisfaction ( aka, seize tons of btc and constantly flood the market with btc so the price drops ) and the progress of the activity, in this instance, btc, is slowed to a crawl
for most things to be stopped, or at least slowed down significantly, you just have to make it a nuisance to take part, then add in a bit of delayed satisfaction ( aka, seize tons of btc and constantly flood the market with btc so the price drops ) and the progress of the activity, in this instance, btc, is slowed to a crawl
Governments can't stop bitcoin because they don't control it. BTC is not only cryptocurrency that controlled by national banks. It is decentralized technology which will work for long time.
As long as bitcoin doesn't harm anyone why should it be stopped, because bitcoin users really feel the positive impact of bitcoin trading or investment. Profits or losses in bitcoin trading have become a risk for business people, such as forex trading.Of course not all profit, because there are disadvantages of bitcoin and that is the risk of trading which is not the right of the government to stop bitcoin.
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.
Because they can't. Bitcoin was created in such a way that it cannot be stopped by anyone, even if we are talking about the most powerful organizations in the world aka governments. I think governments have realized there is no point in wasting their time with crypto right now since it's useless to stop bitcoin in one country while it is used in the other. This means they are probably thinking to ally together and work against bitcoin because that's the only way they have a chance to do something. Jump to: