Topic: Why is Bitcoin allowed to continue? - page 2. (Read 2373 times)
The reason Bitcoin is "allowed" to continue is that any reasonable effort to destroy or stop it would cost the attacker(s) billions of dollars. In the end, I do not see how any entity would be willing to spend billions of dollars destroying or stopping BTC when the efforts would likely fail anyway. Some say the attacker could benefit by shorting the market. The markets are too illiquid at this time to possibly recoup the costs before most persistent bulls either get REKT, or give up, making the market even more illiquid.
the reason Bitcoin is still allowed and continues its operation is because Bitcoin is increasingly popular in the world and many people use Bitcoin as a personal need or other need. so far Bitcoin already more increasing growing and that is what makes Bitcoin will keep to continue its journey in the future. as long as Bitcoin can still be accessed on the internet and many enthusiasts, then Bitcoin still has the right to can be used. maybe there are still many other causes that make Bitcoin still allowed and keep to continue.
I think the reason behind why the bitcoin is still allowed to continue its operation is
because they are legit business and many people that are still keep supporting them from very beginning.
indeed the development of bitcoin is still interested by many people, even though the current situation is indeed experiencing a huge decline. but indeed bitcoin has the right to get permission to circulate.because they are legit business and many people that are still keep supporting them from very beginning.
I think the reason behind why the bitcoin is still allowed to continue its operation is
because they are legit business and many people that are still keep supporting them from very beginning.
because they are legit business and many people that are still keep supporting them from very beginning.
Bitcoin will not disappear, because it is not only the best tool for transactions, but also an important direction to a new level of quality of life and human progress.
It's because central bank are know how much bitcoin can help the people and the country economic, but i didn't understand why they didn't allowing full adoption of bitcoin operation as legal currency, one thing i senn the reason is because bitcoin is threat currency to become banks are die.
Maybe central banks still seeing some holes in regulating the cryptocurrency and adopting it fully. I think they are weighing the pors and cons of cryptocurrency in their and in society. Bitcoin is allowed to continue because even governments see some potential in here and benefits for the mankind.
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?
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?
No need to worry about printing money made by the government in their own country, because that includes their work to do money printing in their country. If their country runs out of money of course they will print new money.
There are no pitfalls against bitcoin, all of this depends on demand, because like they open the store they sell based on the number of people who make a purchase.
So what we hope for now is how the use of bitcoin can be used legally in all countries, and if taxed by the government will be better, so that all bitcoin usage is regular and tax compliance.
It's because central bank are know how much bitcoin can help the people and the country economic, but i didn't understand why they didn't allowing full adoption of bitcoin operation as legal currency, one thing i senn the reason is because bitcoin is threat currency to become banks are die.
I agree with this. Central banks were not the apple of the eye of the people now that Bitcoin is genuinely established nowadays,and I think this will be a main reason why untill now Bitcoin is very productive through thick and thin And people is very persistent in everything that they were doing here in this community as we can Bitcoin gained the trust of the people which we can say as the reason why up to now is continuously running.
And how do you want central bank stopping us to use Bitcoin? Who are they to give use us directives?
I don't think there is anyone or bank that can prohibit us from using bitcoin. because until now the existence of bitcoin will still grow again as before. so the possibility of btc enthusiasts will later increase again than before.
I think what the government is doing right now is because of the good development of cryptocurrency, inevitably the government starts making rules relating to cryptocurrency, so the rules are increasingly growing.
that's right because so far the development of bitcoin has been getting better in the eyes of several countries and governments, so until now bitcoin is still still allowed to grow again 
Well i don't think this central bankers can control BTC.All this crypto world is anonymous and besides that we are a community with a lot of people who live with the help of Bitcoin, like..they pay their bills , they buy what they need with Bitcoin so i really don't think that the central bankers can control technology and even if they could, i don't think that they want to be the target of a revolution.Anyway i hope that in 2019 things will be better and Bitcoinc will be legalized in more countries.
It is one of the characteristics of the bitcoin why many people are still patronizing it. Bitcoin is decentralized so there are no central authority like central banks that can control bitcoin. It is the reason why the bitcoin is a threat to banks and many more financial institutions.
Because a lot of people are still believing in it and will continue believing even if it's unstable nowadays.
Well i don't think this central bankers can control BTC.All this crypto world is anonymous and besides that we are a community with a lot of people who live with the help of Bitcoin, like..they pay their bills , they buy what they need with Bitcoin so i really don't think that the central bankers can control technology and even if they could, i don't think that they want to be the target of a revolution.Anyway i hope that in 2019 things will be better and Bitcoinc will be legalized in more countries.
Central banks can not stop bitcoin because bitcoin is decentralized cryptocurrency. What government can do with bitcoin is regulate it as commodity and collecting taxes from bitcoin trade. As decentralized cryptocurrency, bitcoin can not control by any institution
although Bitcoin can be stopped but I think it is better for the government to use Bitcoin for the progress of their respective countries rather than having to stop it because Bitcoin can change the fate of someone even a country.Unless Bitcoin has a negative effect on the world, the government has the right to stop it, but I think Bitcoin has a positive impact that is greater than the negative impact, so I don't think Bitcoin needs to be stopped.
Bitcoin popularity and using is from the people, the demand is from humanity worldwide.
Bitcoin is allowed to every country but the popularity it has make more country to regulate the coin.
But still there are many people who wants to continue using it as they see the freedom on it unlike on FIAT.
Bitcoin is allowed to every country but the popularity it has make more country to regulate the coin.
But still there are many people who wants to continue using it as they see the freedom on it unlike on FIAT.
Because a lot of people are still believing in it and still positive that it would be legalized every corner in this world.
Hoping for a better 2019 for Bitcoin and for everyone!
Hoping for a better 2019 for Bitcoin and for everyone!
...because those who had the power to stop him at the beginning had not noticed, not understanding him. Now there are already great interests. And politics never risks losing consensus going against too many interests.
The interest of banks are still many times bigger than any created interest in maintaining cryptocurrencies alive, the truth is they do not really know how they could kill something like bitcoin, the moment they try to do it we will know they are against us and unless they can exterminate all cryptocurrencies with a single movement then some of them will remain and people will do everything to protect the cryptocurrencies that were left and that will only make killing those cryptocurrencies even harder.Make no mistake they are looking for ways to destroy the market and so far they have failed that is why you do not see an open opposition against bitcoin at the moment but that will change especially if cryptocurrencies begin to affect in a significant way the interests of banks.
I agree, Central Bank certainly doesn't like Bitcoin to be alive but it still doesn't know how to stop Bitcoin yet, even though the Bitcoin can be dangerous but it also got a big usage for the people, so the government still try to do research, to see either Bitcoin could help the country or destroy the country
What are thinking? Is it good to don't allow by bank to continue bitcoin so who do you think to finance or to exchange our tokens. And where do you think you will buy or pay bitcoin.
Central banks can not stop bitcoin because bitcoin is decentralized cryptocurrency. What government can do with bitcoin is regulate it as commodity and collecting taxes from bitcoin trade. As decentralized cryptocurrency, bitcoin can not control by any institution
the simple reason why the central bankers can do nothing about bitcoin is simply because of the decentralized nature of the coin, i bet my life on it that if possible the central bankers would want to eliminate bitcoin infact they are doing all they could to stop bitcoin, but they cannot stop nor do anything about bitcoin, bitcoin is here to stay.
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