Why hasn't any government stopped Bitcoin? - page 3.

iMark

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Quote from: idham29 on March 10, 2019, 10:11:11 PM

Quote from: Alex_Zi on October 23, 2018, 03:37:58 AM

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.

The government cannot stop bitcoin because all transactions are in cyberspace, so there are only actors who transact without being known by anyone in the world. Even the actual bitcoin owner is unknown, because it's anonymous.
The government should take advantage of advances in digital technology such as the use of bitcoin transactions, by monitoring when withdrawing to collect state taxes. The government must not lose opportunities just because it does not understand the future technology.

the government can only provide prohibition rules, but it will not be able to stop completely. you're right because the access to bitcoin is on an internet (independent) that cannot be controlled by the government, so they will not be able to stop bitcoin

idham29

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Quote from: Alex_Zi on October 23, 2018, 03:37:58 AM

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.

The government cannot stop bitcoin because all transactions are in cyberspace, so there are only actors who transact without being known by anyone in the world. Even the actual bitcoin owner is unknown, because it's anonymous.
The government should take advantage of advances in digital technology such as the use of bitcoin transactions, by monitoring when withdrawing to collect state taxes. The government must not lose opportunities just because it does not understand the future technology.

jakezyrus

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Quote from: jabrix on March 02, 2019, 01:45:18 AM

Quote from: Madara_Uchiha on October 17, 2018, 04:57:07 AM

We all know about the benefits of bitcoin. I think that some government agencies are interested in using or at least legalizing cryptocurrencies. Moreover, they are very popular and the number of people who work in the cryptocurrency market is growing.

The government cannot stop bitcoin, because all transactions occur in the internet world so that it cannot be monitored by any party.

Sure they cant totally ban bitcoin itself but they can ban websites and ip addresses locally if they found out that you were accesing crypto related content online . they can also add a law that prohibits the use of crypto on both offline and online .

On th other hand , The title of the thread seems incorrect . governments ( most of them ) are actually allergic to bitcoin and crypto just because they cannot control it. They are angry because people can now transact freely .

denzkilim

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Quote from: BeGoods on June 04, 2018, 10:19:42 PM

Quote from: St4yInTh3D4rk on May 29, 2018, 03:14:39 AM

Because they can't stop bitcoin because it is decentralized and not controlled by anyone even the creator of bitcoin is still unknown so all they can do is stop the exchanges in their countries but still we can use the exchanges by using TOR.

Thats right, the government actually did that already, but they failed. they try to stop bitcoin by giving a ban rules on the use of bitcoin.
although it does give a bad effect on bitcoin market but look at bitcoin right now, bitcoin not dead because of it? bitcoin is still alive and still can be used..

There are some countries that banned that usage of Bitcoin for their citizens but I doubt that they can monitor those people using virtual private networks to bypass the websites that their country banned. A government can't do anything about Bitcoin they can't stop it even if they banned it from their respective countries there will be countries that accept Bitcoin and most of the countries in this world are not banning the usage of Bitcoin and other forms of Crypto Currency, only some minor country banned it for their citizens. Cool

Brasch

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jabrix

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Quote from: Madara_Uchiha on October 17, 2018, 04:57:07 AM

We all know about the benefits of bitcoin. I think that some government agencies are interested in using or at least legalizing cryptocurrencies. Moreover, they are very popular and the number of people who work in the cryptocurrency market is growing.

The government cannot stop bitcoin, because all transactions occur in the internet world so that it cannot be monitored by any party. In addition, the transaction is peer to peer so as to eliminate third parties such as banks.
The government does not feel disadvantaged, it actually benefits if it is able to properly manage the money circulation in the world of cryptocurrency. For this reason, many governments legalize bitcoin because they realize that their potential can increase state revenues.

Pattart

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Quote from: KorakPawon on May 30, 2018, 12:37:31 PM

in fact, the government has done to stamp out the spread of bitcoin in some countries but the development is too fast and many believe that bitcoin will promise and in the end they use bitcoin to be used as an investment tool.

Believe me, the government in my country has made several efforts to stop bitcoin, starting from the politics and the minister who spread the fud that virtual currencies such as bitcoin do not have legal legality, and are very risky investment and detrimental, but you are probably right developing too fast and bitcoin cannot be stopped..

jrrsparkles

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Quote from: Alex_Zi on October 23, 2018, 03:37:58 AM

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.

Yes it will as long as people using it and governments have only one way to stop the bitcoin is shutting the internet world wide which is not a possible thing to do so bitcoin also can't be stopped.

Bizard

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Well, I think Bitcoin didn’t just appear, who was involved in this and very much, the US intelligence services recently confirmed that Bitcoin is absolutely legal, and this is very strange, because the bankers shouldn’t like it all and they should have destroyed everything.

Alex_Zi

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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.

nuraziaaziz

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It will be very hard to stopped Bitcoin, I mean they can if they want since anyone in the world are allowed to join without having the middle man however it will take a very longtime to stopped Bitcoin.

Madara_Uchiha

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We all know about the benefits of bitcoin. I think that some government agencies are interested in using or at least legalizing cryptocurrencies. Moreover, they are very popular and the number of people who work in the cryptocurrency market is growing.

iMark

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Quote from: KorakPawon on May 30, 2018, 12:37:31 PM

in fact, the government has done to stamp out the spread of bitcoin in some countries but the development is too fast and many believe that bitcoin will promise and in the end they use bitcoin to be used as an investment tool.

Actually there are many countries that have done various ways to stop the development of bitcoin, one of them is by banning bitcoin, but that way has not succeeded in stopping the development of bitcoin, you're right the spread of bitcoin is very fast and you know anyone will not be able to stop the development of technology

Wonderced

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because it's help us to improve our environment and many people see bitcoin as illegal for that many people did not do anything for bitcoin but some of poeple know bitcoin will help to upgrade the human life.

Mhd-Bobbi

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Quote from: zeze18 on June 17, 2017, 08:57:47 PM

Perhaps with such rapid growth and popularity and by seeing the enormous potential of bitcoin.
it attracts the attention of governments to give statements about the legality of bitcoin.
Although currently not many countries are adopting bitcoin and declare about its legality but it is proven that bitcoin can be a good innovator for the development of digital currency.
And with bitcoin declaration as the official payment instrument, it is necessary to revise finance law on bitcoin services for countries that have declared their Legality.

Yes, I agree with your opinion, of course this attracts the attention of the government, it seems necessary for the right party to revise it, because I see the use of bitcoin in some countries has legalized the use of bitcoin.

canej

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I think that States are not afraid of cryptocurrencies, because almost everything depends on government agencies. They primarily think about the economic security of the country, so those who prohibit the use of cryptocurrencies, see a security threat.

passeroutpass

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Because bitcoin is not controlled by the state and they can not affect its operation. States can only prohibit its use, which is the practice of some countries.

thetruth123123

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it is now, i think in a few years the situation with this question will be simple, it will be legal, be patient to Bitcoin

mamarried

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they see the fast grows of Bitcoin and popularity is the world in all, so the governments want to work with it, but not closed

amrenamren

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I think that the states realized that it is impossible to stop this. So they decided to see how this will evolve and what will happen. So to speak, they gave the young industry time for testing opportunities. In the near future there will already be regulation. I would like everyone to follow the path of Japan. Time will tell!

Topic: Why hasn't any government stopped Bitcoin? - page 3. (Read 36251 times)