Topic: Why hasn't any government stopped Bitcoin? - page 20. (Read 36251 times)

because it is out of control and cant be hacked

Agreed with you, bitcoin is not only popular among the common people but also people like bill gates has seen tremendous potential in the bitcoins. Government can not ignore the fact and they also can not ignore the extraordinary journey of the bitcoins since its initial days.

In any case, more to the point, what is the purpose behind these endeavors to dishearten utilize? Are the reasons and objectives handy and honest to goodness?

Does Bitcoin show a risk to power, control of the household cash supply, acquiring, expansion, remote trade or guardian organizations? Truly and No…

Governments can boycott Bitcoin, however the boycott can't be extremely viable. In this way, normally, they utilize different intends to debilitate Bitcoin proprietorship and exchanging.

Bit by bit, administrators in a few nations are starting to see Bitcoin as a greater amount of an open door than a risk. There might be no compelling reason to discourage natives from embracing Bitcoin, regardless of the possibility that the masses spares or spends it as real put away esteem money and not similarly as an installment instrument.

The government is bond by the voice of the people if the citizens of that country opposed the stand of the government they will be followed. They can't stopped the one they can't controlle in the first place. Hackers and bitcoin has something in common the used of internet. Government been tracing hackers but failed when in fact there just few people. And bitcoin users are millions of determined people who just want to earned and that's the difference.

There is simple answer for this . IF you can not stop something from outside then your next best option is to try to control it from inside .
Even if any government tried to stop it what is there options ? there hands is pretty much tied . If they had any chance trust me Bitcoin would have gone from long time now . Bitcoin take the power from banks and give it to people and there is nothing more dangerous than this to any government but they just can not stop it . So the 2 options they have is 1- try to stop it and will probably fail . 2- go along with it and try to control it and that is what they are trying to do right now .

Because any Government has not any power to stopped it. we don't know where bitcoin setup. we don't know any information about controlling power of bitcoin.

at same time any government hasn't any record about bitcoin so how could the government stopped bitcoin .

I think any government want to touch this and want to stopped it.

I think that initially the government was wrong in assessing bitcoin, now in fact they are beginning to legalize the bitcoin that leads them to have to revise the laws they have made earlier to oppose the legality of bitcoin. In the next few years there will be some countries that will follow in their footsteps, I believe this will be a challenge for countries that still underestimate bitcoin.

because goverments do not have enough power to stop something that has been initiated
by globalists-like the transition from fiat money ,for example
cryptocurrencies and bitcoin as the pioneer and the flagship,can't be just banned without repercussions
this would mean the particular country goes agaianst the will of the globalists forces of the world
and also losing out on the prospects of profiting from regulating and taxing of the crypta

What's the issue here is that every government have moved beyond the point of banning bitcoin because they know that is a unachievable task at this time but if they have banned bitcoin, the implementation of making people responsible for flouting such rule also became impossible, then we are now in the point of regulation which is something they are now trying to implement in which without that, we will continue to have freedom unfettered.

Bitcoin doesn't have any weak point to attack. this is a technology which is not controlled by any organization or government. computers control it, the government has the option to use media otherwise there is no weak end to control it.   

 It isn't so easily answered. Bitcoin is fairly new technology. To completely shut it down would be to impede technological innovation.
Before any decision to remove it completely (less likely to happen), it would have to go through a series of heavy regulation first.
  Bitcoin and blockchain technology opened the door to a digital alternative financial system, free of centralization. It is a gateway that could lead to decentralizing almost everything. Bitcoin operates in a bit of a legal gray area for certain instances. Most of the regulation comes from turning it to fiat, which is regulated. Bitcoins value is determined by a combination of  supply and demand, and the system it's built upon.
If everyone were to drop bitcoin today and move on to something else, it's value becomes nothing.The system in place is collectively agreed upon, the more people that adopt and contribute, the bigger the expansion of system and it's value.
  You can most certainly believe that the big boys (governing bodies) are keeping their eye on this movement and a few are most likely making a profit from it. It is interesting to watch nonetheless, but even more so to participate. Exciting times we are living in my friend.
 
Welcome to the digital age!
"To infinity and beyond!" (Buzz Light Year: Toy Story)

Maybe in the future if Bitcoin will really be that famous and everyone knows it, Government will regulate it not now but i think someday Government will take it's steps in order to regulate Bitcoins and make the fiat money more powerful and usable than bitcoins, and probably most banks will not allow BTC overtaking fiat, or in a positive thinking , Maybe in the near future Banks and Government will embrace this changes and Make BTC available in banks ( that will be based on bitcoin network of course.)

But as much as i really think , Government will see BTC as threat specially to Banks.

To be brief, I think your opinion only applies to Bitcoin and Digital Assets if they are
regulated directly by governments or other regulated entities like corporations or
banks.

If they are not regulated directly, they could operate freely and comparable to things like
in "International Waters". Now imagine if those waters were in the center of your country.
If that occurred, that country and it's government could never regulate or control anything
in reality. The mere existence of that "International Water" within your country is what
prevents enforcement of laws and statutes both off and on the land.

International Waters (Bitcoin) is a double edged sword, and the only means of regulation
currently is by monitoring the beaches (third party exchanges). This is why Bitcoin (and
some Digital Assets) challenges governmental authority now. Those governments are forced
to sit on the beaches and watch and hope to chase down any boats that hit the shore. Prior
to Bitcoin, there was no shore, or water, and no non-enforcement boundary. Its a new
world now and if they could, they would attempt to drain that water body and reclaim it's
lakebed as their own regulatable land again.

So, IMO, your belief is correct if governments/etcs can regulate those Digital Assets. But as
it applies to Bitcoin currently, (and some other CryptoCurrencies/CryptoAssets) its existence
actually undermines governmental authority and powers, the same way "International Water"
does. Their job is to capture us and ours is to circumvent them, this brings a balance to
something that was too imbalanced for too long. If the system won't become healthy,
it must be made so, so that the many don't suffer.

If the Protocol becomes regulatable, the "International Water" becomes an average lake.
Then you will need to get a permit from your masters before you go fishing. But currently,
we don't need a permit to fish and hasn't Satoshi showed us how to be fishers of men?

Most governments are growing to realise that digital assets can do a lot more good than harm.

There has been a lot of education in bringing those in government up to speed on the possibilities of digital assets, as a result there is less resistance.

Some could even suggest that there is somewhat of an arms race among the various governments to establish flourishing digital asset centres, beating other nations to the punch in becoming dominant participants in this new market.

I may be incorrect, but I tend not to believe that Bitcoin challenges the authority of any government. Digital assets in general may actually serve to enhance the authority and abilities of government and ultimately allow for various agencies, globally, to achieve heightened levels of efficiency.

Digital assets allow the human race, in it's entirety, to take another step upwards on the stairway of evolution.

I really struggle to find a segment of society that will be affected negatively by the growth of digital assets.

All of the industries, including the banking sector, can experience advancement due to this new world that has opened up - so long as they adopt a forward thinking approach, and abandon some of their old (and limiting) ideologies

 

In my opinion, i don't think government needs to stop Bitcoin, since bitcoin can be collected through mining
which means mining>electricity usage>electricity bill>profit from electricity>taxes>government.
Government has benefit from bitcoin miners and i think with the progress of bitcoin, Government is now thinking that with the progress and advancement of bitcoin they can benefit from it from the taxes from the companies who provides services such as buying and selling of bitcoin.

The fact is Bitcoin is soon to become a bigger phenomenon in financial landscape. Any ban on a digital and decentralised currency like bitcoin isn't very effective to make it count. There are thousands of ways to access Bitcoin in case of ban. Government can't really ignore Bitcoin now. It is gaining grounds in various parts of world and leaving it behind isn't worthwhile for any country. So, now government aren't focusing on banning Bitcoin but regulating it. Thus, having a give and take relation with Bitcoin.

In fact, here in the Philippines bitcoin was seen by the government not as money, but as property therefore, it is not subject to legal tender. The government now does not see it as a threat to the economy nor to the system but in fact, they see it as a rising potential for future trades. Also, since converting bitcoin to fiat is famous, some of our retailers even accepts bitcoin as a payment for fees. My friend interviewed the lawyer at our Central Bank (BSP) and discussed their view on bitcoin and they discussed about the future of it being legal at the moment.

Maybe, because it's not easy to do. Countries like China and Taiwan, which are pretty advanced, tried to stop it but failed. I think it says something.

If you look beyond conspiracy theories about the banks and the 1% etc then you will see that governments have no motive to ban bitcoin. They may have initially been afraid it was used solely for scams and illegal trade but ultimately its use has spanned way beyond that.

Because there are several advantages in permitting Bitcoin to embellishment because blockchain technology might attract new stakeholders and new currency into the counter. Governments are subsequently finding new investments that can expectantly generate more careers and generate a cause and effect on the budget.