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Topic: Government trying to stop bitcoin, what I see (Read 1713 times)

BlockchainGod

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Re: Government trying to stop bitcoin, what I see

September 25, 2018, 08:23:41 AM

#81

I think the government is doing this out of desperation. It understands perfectly well that bitcoin can not be fully controlled (as the government needs), so they put a spoke in the wheels.

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neo444

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Re: Government trying to stop bitcoin, what I see

September 25, 2018, 10:32:58 PM

#82

No one can stop bitcoin is working in all the country of the world and now with his high price bitcoin will be very popular and anyone want to have income from it

Om.monata

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Re: Government trying to stop bitcoin, what I see

September 25, 2018, 10:46:16 PM

#83

the government tries to stop bitcoin is something that will not happen, now bitcoin can develop to the best position and has a high price that is not based on government support. but only support from many people, so I don't think that will happen.

karloscimot

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Re: Government trying to stop bitcoin, what I see

September 25, 2018, 10:57:13 PM

#84

Quote from: AAKODI on September 18, 2018, 11:41:45 AM

Quote from: StImelda on September 18, 2018, 10:23:33 AM

Here is what I see each time the government tries to stop or control bitcoin-

Bitcoin is designed to be censorship resistant, peer-to-peer payment system designed to remove the control by centralized institutions like banks . When bitcoin eventually achieve mass adoption, it will not really be much of an issue if some Governments place a ban on it within their countries.

That is not a surprise and they are trying to do that through media and many sources most of the time but what they haven't understand that how can they control a decentralized currency. Because if they wants to stop a fiat currency or a social media site they can just take down there system through politics or lows but for bitcoin the core network is not centralized to any organization or a group of people so they can make bitcoin holders to fear and sell there assets or make some local restrictions but other than that nothing can be done until we have faith in it and that is the most important fact that can decide the bitcoins future

I also agree bro. even though they are hesitant about trying to close bitcoin, I don't think it's possible, bro. but who can determine the fate The digital world of bitcoin is the future. because the world of bitcoin can grow because of the large number of people who invest in it

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Re: Government trying to stop bitcoin, what I see

September 25, 2018, 11:27:58 PM

#85

Government force will only make us pursue more anonymization. Ultimately guiding us to the road of tax-avoidance.

The government should never have gotten enough force to oppress the citizens to this extent. On every step we are dragged down by taxes and laws that don't help the population but the special interests.

They can force the cryptocurrency community to the shadows but the long term war is one that they'd lose. Since it's so obvious they might as well play ball.

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khaled0111

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Re: Government trying to stop bitcoin, what I see

September 25, 2018, 11:44:42 PM

#86

Well, what you see is not what really happening because when your government bans bitcoin or any other cryptocurrency, it will be impossible to use it otherwise they will treat you as a criminal.
Governments know that they can not shut down the network but they put laws criminalizing any one using it and their strategy works good.

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killerfrost

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Re: Government trying to stop bitcoin, what I see

September 25, 2018, 11:49:49 PM

#87

Many countries have enacted regulations to curb the development of bitcoin. They do not want the bitcoin to spread too fast and cause currency turmoil in the world. Banks around the world have made many strict rules for bitcoin operations.

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xWolfx

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Re: Government trying to stop bitcoin, what I see

September 25, 2018, 11:54:41 PM

#88

The truth is that their efforts are indeed a waste of time in the long-term.

Even if the short-term there are a lot of ways to avoid censorship by close-minded governments that it's really interesting how they believe banning it will do anything meaningful to anybody who really wants to do it. Mass adoption will not happen yet anyways.

The image is in fact pretty accurate.

satria33

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Re: Government trying to stop bitcoin, what I see

September 25, 2018, 11:59:07 PM

#89

Nothing can stop and control bitcoin, because bitcoin will continue to grow and every country will need bitcoin.

bitcoindusts

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Re: Government trying to stop bitcoin, what I see

September 26, 2018, 02:19:46 AM

#90

It is really more than a gate with no fences arround it. There is no denying how pivotal the role of the governments when it concerns bitcoin and the cryptocurrency as a whole.

Sure, bitcoin might be able to exist even without government backing, but a total government take down can hurt the digital currency in serious ways and that is something we won't be happy about.

We cannot be too stubborn on the government issues against bitcoin. As a community believing in cryptocurrency, we will be better off without any rift with the governments.

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Marlo0619

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Re: Government trying to stop bitcoin, what I see

September 26, 2018, 02:57:50 AM

#91

I think bitcoin will never be stopped or be banned by the government. Even the other cryptocurrencies, it won't be banned also because this is just the beginning of cryptocurrencies and bitcoin in the future will be a legal currency. So there's no need to ban bitcoin.

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Piggymonster

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Re: Government trying to stop bitcoin, what I see

September 26, 2018, 05:36:42 AM

#92

I don't think so, any attempts to control the bitcoin simply won't work because bitcoin is decentralized in nature. They can never ever kill it, there is no way. Bitcoin is not linked to any territory or financial institution, it is too complex for the government to destroy it.

egytrickz

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Re: Government trying to stop bitcoin, what I see

September 26, 2018, 05:55:54 AM

#93

The government provides easy monetary policy for the banking system. The banks then created a large leveraged asset boom, then emerged, destroying the virtual economy boom and accounting for much of the country's productivity with it. Using Bitcoin will fight inflation and greed.

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johnwest

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Re: Government trying to stop bitcoin, what I see

September 26, 2018, 06:08:16 AM

#94

That is quite funny what they are trying to do but many governments have understood that it is very hard to stop all the transactions as it is decentralized. Governments wants the control over everything and that will be really hard to do with crypto.

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Kakmakr

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Re: Government trying to stop bitcoin, what I see

September 26, 2018, 06:17:11 AM

#95

Yea, eventually all governments that are using Fiat currencies, will fail and they will not be able to build the fence to stop people from using Bitcoin or some other Alt coin. Bitcoin was designed to be unstoppable and we are seeing several fruitless attempts by governments to stop it.

The adoption will grow, because of their failure and not just about the success of Bitcoin. The problem is most people does not recognize their own governments failures or they are to scared to challenge them. Roll Eyes

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Re: Government trying to stop bitcoin, what I see

September 26, 2018, 06:22:13 AM

#96

yes now there are enough countries that want to stop bitcoin, it's only natural because every new technology will take time to be accepted, I'm sure that over time bitcoin will be accepted in all countries in the world.

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Re: Government trying to stop bitcoin, what I see

September 26, 2018, 06:32:38 AM

#97

The government will block everything ,ban everything that they can not control and endanger them. But bitcoin is a revolution in digital technology that will be applied in the future.They can hardly stop the bitcoin forever. With the strong development of bitcoin I think they soon accepted bitcoin instead of banning it.

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Re: Government trying to stop bitcoin, what I see

September 26, 2018, 07:36:49 AM

#98

Well since bitcoin is a decentralized commodity the government will never allow it total adoption, government as a regulatory and rule making entity will always option in to what the can control but bitcoin can not be regulated nor control by the government. So at that they will try all means to ban or kill bitcoin but with time they will know that they efforts will yield no result at all.

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Re: Government trying to stop bitcoin, what I see

September 26, 2018, 07:38:35 AM

#99

I think not all government is stoping bitcoin. Therr are some government accept and legalize him. Infact they also supporting it. It is just many people are trying to use bitcoin for scamming people thats why many government today are stoping bitcoin.

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Re: Government trying to stop bitcoin, what I see

September 26, 2018, 07:38:53 AM

#100

i Think government is against bitcoin because there cant be government regulations imposed on it

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