Topic: Why hasn't any government stopped Bitcoin? - page 5. (Read 36275 times)
We are now in a millennial world. Everyone uses technologies and one of those is bitcoin. I think the government comes to think about it that is why they become smooth when in terms of bitcoin. No matter what they do to stopped bitcoin or should i say transactions using bitcoins. They cannot control every human who wish to have it and use it. And at the same time, maybe they noticed that bitcoin doesn’t cause any harm to users and also helps many unemployed person and it makes the economy better.
If you speak ill of bitcoin, you possibly do it because you want to lessen its price and then buy it at a lower level or alternatively you just don’t have an idea about bitcoin technology and its operation.
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 governments still looking on how they should legalize the bitcoin. Governments upon to believe that it should be
Beyond the difficulties presented by the decentralization of bitcoin itself, governments and regulatory bodies have shown they lack understanding of technological topics, and bitcoin is one of the most complex. As governments struggle to ban technologies like Tor and encryption, it seems impossible to imagine them gaining the ability to truly impact bitcoin – and its alt-coin contemporaries – in a way that could impede its progress.
I know and believe that no Government can stop Bitcoin, reason because i don't see how Bitcoin does not affect the way the Government should govern her country. Government should look out for the need of his people and solve the problem not looking for a way to stop bitcoin. It's only a Government that is lazy that will leave what they are suppose to do and is now thinking on how to stop bitcoin. I think such Government should get busy and stop lazying about.
Because it is so easy to earn money with Bitcoin and use it, people start to get interested in it, especialy after the price went from less than 1K to over than 10K.
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 governments still looking on how they should legalize the bitcoin. Governments upon to believe that it should be
Bitcoin is a decentralize currency on the blockchanin so it willl be difficult for any body o stop it.
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Actually bitcoin is not an enemy of the government rather it is the only one that can possibly change the way of people life from simplicity to greatness. Government know that bitcoin gives purpose to the citizens even without tax from it. They try to control bitcoin but they cannot.
Many governments are trying to stop bitcoin but it can not be done for themselves, because bitcoin reaches the world-wide network, and if the government uses bitcoin it will be profitable for the government.
Total ban of bitcoin by the government seems impossible because it will marvel you to know that even most of the people holding higher positions in the government in one way or the other have investments in Bitcoin. The extent to which they can go is to impose regulations to its operation in order to gain at least some power over it.
Attacking method some time generate more attention of so many people around the world and I believe that people have over the see the potential inherent in bitcoin and crypto current and is why every thing seems cool with such negative news from the government in recent time.
We have to remember, there are many obstacles we need to overcome before countries start to officially accept the bitcoin
It will make you smarter, why deny if it is possible to busem to control the process and earn.
Bitcoin is a digital currency and is using decentralized Bockchain technology, so nobody can be accounted for it. 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. Government still, doesn't have any clue to stop Bitcoin. Some countries instead of banning Bitcoin, they want to make Bitcoin as legal tender because of the technology behind it.
Because bitcoin provides an alternative to the banking and government systems. Bitcoin offers an alternative to the conventional banking system that is approved by the state.
They can't stop it because they don't know where to start. Trading is not illegal, Mining is not illegal, possession is not how are you suppose to stop it?
In my opinion bitcoin never stop nowadays people are benefits from bitcoin and Government can't stop,too. Because Government has benefit from bitcoin they can benefit from it through taxes from the companies who provides services such as buying and selling from bitcoin. Long live bitcoin...
because bitcoin is not regulated by any government by the bitcoin is digital currency it is not owned by any person so it works on bitcoin network.
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.
Broadly speaking, Ultimately, the government has found a suitable legal framework for regulating bitcoin and the government is aware of the magnitude of bitcoin potential as it does in Russia.
Russia makes bitcoin a legal currency based on the awareness that digital cryptocurrency technology will be bigger and often used by people in transacting in the future. With the digital currency endorsement, the Russian government can monitor cryptocurrency transactions that occur in the country thereby reducing the risks to the use of digital currency such as money laundering and financing of terrorism.
A large population of about 146 million makes the Russian government believe its country has the potential to become a market ruler parallel to other countries such as China and the United States.
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