Topic: Why hasn't any government stopped Bitcoin? - page 4. (Read 36251 times)
Because no one can stop something which is a big help to the society and the society is the power for its domain.
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..
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..
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.
Although the government can ban the use of Bitcoin the government will not be able to stop Bitcoin. Because Bitcoin is a cryptocurrency in which there are sophisticated technologies that can not be stopped.
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.
We all understand that it is not possible for all countries to follow the example of JApan, but at the very least some countries decided to accept the use of bitcoin first and now they are working on measures that have to be taken to regulate this crypto currency.
because the bitcoin is the digital currency...and no one have control on it.
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 bitcoin has a potential that maybe even government people see. Investors and businessmen see it so it could be because they can see that bitcoin can also add to the economic growth of the country. Though they may be broadcasting warnings to the people to be safe, but that doesn't mean that they are not pro-bitcoin. Well it mainly depends on the country's perspective. There are some countries that have already banned bitcoin.
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.
The only way can a government stop bitcoin is to stop or cut off the internet in their area. Bitcoin exist only in virtual world and transactions are always done online. Countries like China have been doing this ban to their citizens but many of them are still managed to make cryptocurrency transactions through underground exchanges. Some counries decided to allow their citizens to buy cryptocurrencies after imposing their own kind of regulation.
it could be if the government really wanted to stop bitcoin from entering their country but some countries themselves feel the benefit even if a bit of their citizens use bitcoin indirectly so that the country is not really intent on stopping it.
so far bitcoin has a positive function for economy of its users which can help to be better than before, and perhaps for that fact the government doesn't stop function of bitcoin completely only limiting some bitcoin functions such as the prohibition for payment transactions that replace the real money function but those things of course back to policy of each country. because of course there are countries that have freedom to transact using bitcoin.
There has been one unofficial approval of digital currencies when the country claimed that their oil backed the cryptocurrencies.
it could be if the government really wanted to stop bitcoin from entering their country but some countries themselves feel the benefit even if a bit of their citizens use bitcoin indirectly so that the country is not really intent on stopping it.
It depends on the concern country law. Mostly, countries are accepting the bitcoin transactions legally.
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.
The government may be able to ban Bitcoin but the Government will not be able to stop Bitcoin. Because Bitcoin is a digital currency that has the very sophisticated technology. Surely the Government will never be able to stop technology. Bitcoin will stay alive.
As bitcoin is a digital currency and decentralized so there is no transaction record of it so its hard to stop it
I would assume that the most logical explanation to the fact that the bitcoin has not been available to the society as a payment method is becuse we are not ready to deal with those advanced technologies that bitcoin and the block chain in general work through, which is why the majoiry would be experiencing difficulties in getting used to it.
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.
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. 
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.
I consider that a talk on fraud and money laundering received in the criminal way are necessary to all countries. They want to distract attention from bitcoin and to own the most part of coins to regulate the market. Now the cryptocurrency and technology a blockchain are a new asset for which the future. All countries understand it. 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 are starting to understand how beneficial Cryptocurrenies can be. Poverty, corruption and inflation, are all problems for developing countries. Years of political instability and poor governance has had devastating economic effects on these counties. However, the emergence of Blockchain technology and decentralized Cryptocurrencies may help solve these problems. The rise in the value of bitcoin could boost economic growth. Crypto technologies can be good innovators for the development of other technologies which the government can use in the future.
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