Topic: Why is Bitcoin allowed to continue? - page 13. (Read 2370 times)

central banks aren't a united front. you have to consider geopolitics, and the fact that nation-states are competing against one another.

if one superpower prohibits BTC, they might put their industry and population at great disadvantage to the rest of the world. this is a nascent industry where there is potentially massive economic growth and transfer of wealth. it would be outright foolish to purposely get left behind.

if all the superpowers and most of the others all agreed to ban BTC, maybe you'd be onto something. but that would never happen!

Your question does rise some valid points which are to be concerned about. In particular, I agree with you in that if the US gov. did not want BTC they could do their best to ban it, but it won't stop BTC, yet they still accept it

Certainly because if that happens, cryptocurrency will become an outlaw which means it will become a business done in secrecy just like other illicit businesses like smuggling etc and those kind of business don't lift the country's image, doesn't account to economic growth.

Lately,you can feel that government regulations are creeping slowly into the crypto sphere,bitcoin and other cryptos are decentralized and I think the government and Central Bank should leave it that way..
  With the rise of bitcoin and cryptocurrency it wouldn't be long before stringent rules are placed on them,that of course is when it's viewed as a threat to fiat

They do care and that is why they're trying to move their transactions to blockchain. They know that blockchain ia a more secure way of storing and sending information and will not fight it. They will use it.
What about Bitcoin? They are allowing it to function because there's no stopping it. You can't make every country ban it and you can't make the Internet go away.

Global banks are trillion dollar enterprises and have histories spanning hundreds of years (sometimes). I don't think institutions with such power and reach care too much about Bitcoin as it isn't much of a thread right now. In any case, Bitcoin is just another form of money, it won't be long until the banks have a stranglehold on the cryptocurrency economy too.

Obviously, it's not for nothing that you can not point out the specific person behind the bitcoin. Until now, no one knows who Satoshi is, and therefore there is no specific person to whom central banks, governments or the mafia could influence. The prohibition of bitcoin will not be able to stop the development of crypto currency.

And how do you want central bank stopping us to use Bitcoin? Who are they to give use us directives?

I have been thinking a lot lately about why the central bankers are allowing Bitcoin to continue with only minor resistance.   The central bankers have set up shop in almost all civilized countries and have a money printing racket going on.  In America the central bankers are kind enough to let our treasury print the money and then they take 6% off the top thus enslaving the American population.  Don't worry though most Americans are completely unaware of any of this.  The central bankers control the military as well as they own the government.

The last country, without nuclear weapons, to attempt to bypass the central bankers was Libya.  I can still see the vivid video on the internet of Qaddafi being murdered in broad daylight in the middle of the streets of Libya.  Another fellow who attempted to not use the US dollar and went against the wishes of the central bank was Saddam Hussein.  Once again he met a similar fate.  He was hung.

The three countries without central banks right now Iran, North Korea and Syria are under constant attack or threat of attack from the central bankers.

Why would they allow Bitcoin to continue like this and grow momentum?  All they would have to do is outlaw it and 90% of the world population would bitch out immediately and stop.  But they don't do it. 

Is Bitcoin a trap?  Is this a central banker monstrosity used to turn us into tax slaves by recording every transaction?  Was Bitcoin innocent and free money and the central bankers are trying to squeeze their way in so they can use it as a weapon?  The only thing I do know is they are not handing over a decentralized economy to us because they love us.  What's the play?  Are we being set up?  Are we the useful idiots getting all our friends and countrymen involved in crypto?