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Bitcoin => Bitcoin Discussion => Topic started by: Gozie51 on March 13, 2021, 05:22:16 PM



Title: I have concluded that all governments together can't stop bitcoin
Post by: Gozie51 on March 13, 2021, 05:22:16 PM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Charles-Tim on March 13, 2021, 05:33:32 PM
Although, before it is very unstoppable to stop bitcoin because it is decentralized, while people are now adopting it the more. Who are the people to stop it? The governments that have officials already having bitcoin, this makes it hard for bitcoin to be stopped in the developed country, while the developing and underdeveloped countries will follow. I see bitcoin as the world's currency in the future, not that it will be the only currency but will be the most powerful of all existing currencies. Also a potent asset to compete with gold which is the greatest asset in the world.

Bitcoin is unstoppable.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: The Cryptovator on March 13, 2021, 05:34:11 PM
If you know that how a decentralized system works then simply you know that any centralized organization like the government wouldn't prevent the use of Bitcoin. Because Bitcoin is the truly decentralized cryptocurrency backed by the community. It's not backed by any government. So, they simply unable to stop Bitcoin. Although they can't stop it technically, but if all governments ban Bitcoin then it would affect Bitcoin price. I don't think it will happen since the world moving towards digitization. And a few governments taking advantage of Bitcoin that is well aware of its technology.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: AGD on March 13, 2021, 05:36:14 PM
Death penalty world wide for Bitcoin using might help, but will that likely be happening?

I guess things will turn out kind of what happened to the internet: People (incl. politicians, policemen, millionaires etc) watch porn and download some music/vids/apps for free. Then somebody who didn't use/understand the internet calls the internet 'dangerous', 'only for criminals' and wants to protect the children by closing it down. Porn guys go 'WTF' and 'The internet is great! You can't close it down!!!' In the end everybody watches porn and instead of downloading music for free they go to a music portal and pay for it.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: BrewMaster on March 13, 2021, 05:42:57 PM
when was the last time you saw even two governments in the world come together in the entire human history? near 200 of them will never come together ever. even during world war they only made alliances that didn't go any further than everyone thinking about their own benfits.
bitcoin in comparison is not a bad thing and many governments have already adopted it.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: blockman on March 13, 2021, 08:08:59 PM
Your thinking about them uniting is even impossible. There are rumors of wars and misunderstanding in different countries so even if they do, they won't focus on stopping bitcoin.
Governments that are thinking about bitcoin to stop in its operation, can't just shut it down but the implementation of a ban if ever they do will only hit badly on their citizens that are into bitcoin.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Mika220 on March 13, 2021, 08:26:55 PM
My only question is, why stop him? Instead, he is gaining the support of governments and seeing potential.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Gozie51 on March 13, 2021, 08:57:16 PM
Death penalty world wide for Bitcoin using might help, but will that likely be happening?

I guess things will turn out kind of what happened to the internet: People (incl. politicians, policemen, millionaires etc) watch porn and download some music/vids/apps for free. Then somebody who didn't use/understand the internet calls the internet 'dangerous', 'only for criminals' and wants to protect the children by closing it down. Porn guys go 'WTF' and 'The internet is great! You can't close it down!!!' In the end everybody watches porn and instead of downloading music for free they go to a music portal and pay for it.

I get this point, I mean that modernity has come , here to stay and taking away certain aspects of life or has given option. One aspect of it is financial system and bitcoin is part of the history that the world has to accept and deal with. Nice scene lol

when was the last time you saw even two governments in the world come together in the entire human history? near 200 of them will never come together ever. even during world war they only made alliances that didn't go any further than everyone thinking about their own benfits.
bitcoin in comparison is not a bad thing and many governments have already adopted it.

No time truly. For the governments it has been competition and war. Either trade war, atomic accusations or who next to visit pluto and sun  ;D


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: seoincorporation on March 13, 2021, 08:59:38 PM
Bitcoin runs under a protocol, it means it has his own port to run, and governments could block that port if they want. Another way to try to stop bitcoin would be by making it illegal all around the world and chase the users who spend BTC.

If governments want to stop it they will find a way to do it. But since there is a lot of money involved and important people are involved too, then the govs will not stop bitcoin.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: hatshepsut93 on March 13, 2021, 09:24:50 PM
This isn't big news, it's always been known that you can't truly destroy Bitcoin, because it exists on hard drives of hundreds of thousands of people across the world. But governments can absolutely harm Bitcoin - look at today's adoption, which is actually quite low, then divide it by 100 and remove all the institutional investors and other big players, and you will get what will happen if Bitcoin was outlawed.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: verita1 on March 13, 2021, 09:42:11 PM
I also think like you that now bitcoin is unstoppable. The decentralization and freedom that bitcoin offers was what produced the great momentum that we are witnessing.

What will happen to the banks? Some effect will bring that we prefer bitcoin and cryptocurrencies than banks.
The world will show the changes and without a doubt there will be great transformations.

There will always be governments that intend to ban bitcoin due to the criminals that can take advantage of cryptocurrencies. Since there is no perfect crime, I think that the best prepared people will be ready to act.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Ryker1 on March 13, 2021, 09:45:51 PM
Well, no one can stop because bitcoin isn't a physical or something like never exists, it's all about a digital number that you hold inside your hardware wallet and that is the reason why even government can't stop it. If the government will shutdown all internet power supply there is a chance that bitcoin adoption will freeze for a while but I think there is also an alternative way if there is no internet but still, you can able to have transactions using bitcoin.
Straight forward to the fact, bitcoin is unstoppable and no one will stop it, now let see the price, perhaps investors have quietly adopted bitcoin this week.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Baofeng on March 13, 2021, 10:27:25 PM
One way to stop bitcoin is that if government shutdown the internet, or if they started another war against each other. Anyhow, don't overthink it mate, it won't happen, government will not and can't stop bitcoin. They won't collude with each other just because they don't like this so called digital currency dominating the world.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: mirakal on March 13, 2021, 10:40:39 PM
It will never happen that all of them will unite to ban bitcoin because some of them are benefiting on bitcoin by regulating it. Why would they do that stupid move when people are trusting bitcoin, isn't it just right to do their job which is to serve the interest of the people?

And there should be a reason why they will ban bitcoin, if it's due to its anonymity, then they should regulate it.

Man, you know, institutional investors are already putting their money in crypto, and they would not do that if they see this kind of risk.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: androyster on March 13, 2021, 10:59:59 PM
I'll make a ton of money before that happens lol.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: famososMuertos on March 13, 2021, 11:31:29 PM
It is not about always thinking about governments, although as an adage says "they have the upper hand" but we should not necessarily be in the pan.

The point is that bitcoin is made strong by the number of ordinary users who have bitcoin, in reality the price and institutional investors are a part that is seen as a whole, actually, and that is where it lies that the bitcoin is unstoppable, in the largest number of common users.



Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Oceat on March 13, 2021, 11:50:27 PM
We are thinking too much worst case scenario in here to the point that it's so absurd and ridiculous at the same time just thinking about what would happen to Bitcoin if being stopped. This is not going to happen unless if the internet won't work anymore and that's the only way Bitcoin can be stop.

But that is most likely not going to happen since every country has its own leader and they were all have different perspective about of crypto currency. Plus Bitcoin is decentralized in the first place so there's nothing they can do about it hence, they'll just accept the new technology and move on.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: ivankoh on March 14, 2021, 01:57:05 AM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?
The governments of each country have no affiliation to shut down the crypto and bitcoin industries because they cannot, nor can they deny, the best features of bitcoin.  They can tighten their mentality and regulate their former practices such as prohibiting participation in cryptocurrencies, hoarding, and mining bitcoins ... but history has proven it is not possible and of course,  if it does, it will have a serious effect.  I'm a crypto, bitcoin believer and I never expected such bad news related issues.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Trinx01 on March 14, 2021, 02:03:47 AM
Even though the government keeps on doing a thing just to stop bitcoin they cannot still do it, the government wants to stop it because they only want banks and they are afraid that bitcoin or decentralization will replace the bank system in the future because if that would happen then they cannot benefit from it but for sure the cryptocurrency will never replace fiat currency because there are still a lot of people who don't have knowledge about internet or technology and there are a lot of countries which don't have a stable internet connection.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: cabron on March 14, 2021, 02:10:49 AM

When one country decides to ban BTC, another country will find it an opportunity for them this is why it can't be stopped. Even the Chinese government who is well known to have tight rules against anything that they couldn't control can't do anything to BTC. Its a lot harder for them to ban it this time because several countries are adopting BTC, it's best for the governments now to just adopt as well when people already have been adopting crypto.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Wawa2013 on March 14, 2021, 02:22:19 AM
Countries with strong economies like China and America alone cannot stop Bitcoin, this is an indication that there is probably no country that can
stop Bitcoin. Moreover, even a country that has banned Bitcoin cannot ensure that its citizens do not use Bitcoin. As long as there is an internet
connection Bitcoin will always be there. The only way to stop Bitcoin is to shut down the internet all over the world, but it is impossible for that
to happen. Because the internet has become a basic human need right now.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: goldade on March 14, 2021, 07:56:13 AM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?

There is absolutely no way possible for bitcoin to be stopped even if all the governments of the world come together. Bitcoin is decentralized and this means that it is totally out of the control of government and banks.
If developed countries like the US and Britain cannot stop stop bitcoin, then it shows that bitcoin cannot be stopped. Even in Nigeria where bitcoin was banned, the ban did not stop its citizens from using bitcoin.
Just the like the user above me mentioned, bitcoin will always be here because the internet is always here


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: bayudndy on March 14, 2021, 08:02:59 AM
Solidarity is not possible, because looking back at the world situation see war conflict violence and political instability.
So what reason for them to unite here, it's because bitcoin sounds so funny.
They have control, but not all, and in this space, prohibition is pointless and often counterproductive.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: cheezcarls on March 14, 2021, 01:47:48 PM
Indeed! They can only regulate it somehow if we choose to store it in centralized wallets or exchanges that we don’t have the custody of these assets. However, if we store it on decentralized wallets like Ledger, Trust Wallet, etc., there’s no way they can stop it. Like in India, the government has proposed a ban on cryptocurrencies and anyone who is currently buying or holding them will be imprisoned for 10 years. However, they have a change of heart in which they are working on to regulate them instead.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: kryptqnick on March 14, 2021, 06:35:00 PM
I thought that op would offer some arguments and analysis of the effects of global effort against Bitcoin instead of just assuming that the govs can't stop it. A conclusion can only be formed when there was some prior reasoning, I believe, and I don't see it here.
My thought on the matter is that Bitcoin would continue to exist in such a scenario, but the price would be extremely low, and the amount of users would also plummet. So Bitcoin would become a very underground kind of thing that is used only by small groups of people who are willing to go against the laws out of need or out of protest.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Asuspawer09 on March 14, 2021, 06:42:00 PM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?

Kinda true and I agree with that I don't think they can stop bitcoin at all even though every government united to stop it, just because it is decentralized unless if the community will be the one to stop.

The only way that bitcoin will stop if no one uses it anymore in the community, being decentralized even though bitcoin is banned in some country we can tell that they are people that could easily bypass that in that country.

But it just a matter of how things could turn out, they could control the bitcoin if they try to invest in it as well, banning bitcoin in every country could surely limit the transactions.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Iranus on March 14, 2021, 07:05:11 PM
Now there is no time for wasting their time to stop Bitcoin, Already china government tried multiple times to ban and stop Crypto in their country but they are failed. Indian Govt also tried to prevent their people from crypto related business but they can't. Recently South Africa/Nigerian Govt and Bank attempt to ban Cryptocurrency but people showed them the Premium Price of Bitcoin, and they sold Bitcoin at premium price. So now it is time to accept decentralized system cause everyone is wanting it, If government will attempt to go against their people however the outcome will not be good.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Fatunad on March 14, 2021, 07:09:06 PM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?
If they do able to do so then they have it done already earlier which it wont able to make this big as of this moment but even though that bitcoin is uncontrollable or cant be stopped
but government could still really make out steps or regulations that would really be resulting into hardship on dealing with it, not only just limiting to Bitcoin alone but
in other altcoins in the market as well.It cant able to stop bitcoin or getting rid of it thats why we do see lots of banning and prohibitions but still
we are progressing in terms of adoption and recognition.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: CryptocurencyKing on March 14, 2021, 07:29:30 PM
The minds of people are different and very a lot hence, the possibility of people having a United mind of not using cryptos again is going to be very impossible. Even if there were to be some reason as to why people shouldn't be using cryptos, a new bread of crypto enthusiasts will emerge and as such, people will resume the use of cryptos.

The crypto market can't be stopped. It would have been possible should crypto be bounded to a nation or territory but its obviously not and even though the government were to be united on eradicating or banning crypto, its still not going to happen.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: DoublerHunter on March 14, 2021, 07:52:36 PM
Countries with strong economies like China and America alone cannot stop Bitcoin, this is an indication that there is probably no country that can
stop Bitcoin. Moreover, even a country that has banned Bitcoin cannot ensure that its citizens do not use Bitcoin. As long as there is an internet
connection Bitcoin will always be there. The only way to stop Bitcoin is to shut down the internet all over the world, but it is impossible for that
to happen. Because the internet has become a basic human need right now.
^ And followed by Nigeria and even in India. They keep trying to manipulate cryptocurrencies especially BTC but they always failed on how many attempts.
The decentralized feature of BTC was made this digital currency becomes strong and even government can not stop this even banning is not a solution that their netizen will stop using BTC, they can still able use it through hardware wallet and use exchange like P2P and decentralized exchange.
Even if the internet will shut down, you can still able to transact BTC using radio wave transmission, through the air.
https://news.bitcoin.com/no-internet-no-problem-how-to-send-bitcoin-by-amateur-radio/


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: eaLiTy on March 14, 2021, 08:29:05 PM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.
If you have heard about Liberty Reserve it was a centralized digital currency and 17 countries came together and shut their operations and during that period of time even i though it was impossible to have a coordinated effort from multiple countries to stop them but i was wrong. In the case of BTCitcoin we know that the government can identify major mining farms and if they can force them to shut then they can disrupt the network and if these major mining farms are shut i have no idea how decentralized we are.

Since you asked whether it is possible, anything is possible if majority of the government thinks that the market is a threat to their monopoly of centralized currency.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: khaled0111 on March 14, 2021, 09:06:28 PM
Technically, it's almost impossible to shut down bitcoin because it's a decentralised network. Practically, anyone can run a full node or mine bitcoin in his basement and no one would notice it.
But then, would bitcoin have any value! On what would you spend your bitcoins if not any regulated service would accept it? It will simply become worthless. Hopefully, this wilk never happen.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: 7788bitcoin on March 14, 2021, 09:34:59 PM
Since everyone had their opinions on both directions, we cannot expect any government to stop the entire network altogether, if US tries to stop the network then expect countries like Russia, Iran and even North Korea will allow a free ride for everything cryptocurrency related and they can even provide the space for miners and it is impossible to force any country to shut that down unless they start a war because they allow bitcoin mining  :D.

We are a decade strong and even if any country wants to restrict or ban it is impossible.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: mindrust on March 14, 2021, 09:47:45 PM
They don't need to stop crypto itself. All they need to do is shutting down the FIAT gates. That will almost kill crypto instantly. No, not the network that will die... They will kill its value. You will still be able to send and receive your coins but what good is it if the value becomes too low and cannot buy anything?



Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: bandungan on March 14, 2021, 09:48:17 PM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?
I don't think about it if governments will unite around the world and stop bitcoin. I just thought it looked like the government would join in and come up with new rules that don't make sense in the future. So maybe this should be avoided and should be watched out for, because government regulations are definitely not good and are detrimental to bitcoin users.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: ReiMomo on March 14, 2021, 09:54:08 PM
OP's conclusion is absolutely right, no one can stop bitcoin and it's impossible to shut down the decentralized network that has on bitcoin.
There are too many countries that tried to ban bitcoin but they have failed because they think that bitcoin is a threat to their financial system and they forced to implement such banning in any crypto-related currencies.

But now, look at the bitcoin price, it is still climbing up even though this year we have heard different negative news towards bitcoin, like banning but still people adopting bitcoin despite that issues.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Ryker1 on March 14, 2021, 10:11:36 PM
[snip]
Even if the internet will shut down, you can still able to transact BTC using radio wave transmission, through the air.
https://news.bitcoin.com/no-internet-no-problem-how-to-send-bitcoin-by-amateur-radio/
Well, I never know this, --good to know this information you have shared.
I thought that bitcoin will only work on the internet and I read before here in the forum that bitcoin could still process without the internet connection through the use of a third-party SMS wallet provider, but I doubt at the end, it needs an internet connection of course. Thinking about how the transaction unknowledge by the mempool network and now, this amateur radio, it is indeed good and it is unstoppable for sure.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: LogitechMouse on March 14, 2021, 10:26:06 PM
First of all, governments didn't create Bitcoin so how they can shut down it??
Second, I don't think also that there will be governments that will make an alliance just to shut down it.

The only way to shut down Bitcoin right now is to just shut off the internet which is impossible to happen so in short, Bitcoin can't stop by those governments. They can ban it in their country but there will be some governments who will either support it or will not make a move at all. One thing more is that more and more people are using it. Many establishments are accepting it already.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: ecnalubma on March 14, 2021, 10:29:15 PM
Governments all over the world won’t unite just to ban Bitcoin, they have different understanding about it. If they had plan to kill it they should’ve planned it earlier, now its harder to kill because it is backed by millions of people and institutions around the globe believing in its value.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Alberts_Lob on March 14, 2021, 11:19:49 PM
Bitcoin is an unstoppable force for good imo


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: coolcoinz on March 15, 2021, 12:30:33 AM
when was the last time you saw even two governments in the world come together in the entire human history? near 200 of them will never come together ever. even during world war they only made alliances that didn't go any further than everyone thinking about their own benfits.
bitcoin in comparison is not a bad thing and many governments have already adopted it.

There were such cases, for instance at times of war. If you want peace-time examples, you can look at the THC ban. It was banned in the US first, but most European countries followed the example and also banned it in the 90s. It's possible for a few governments to cooperate, but to make the whole planet cooperate we'd need an alien invasion.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: clippers on March 15, 2021, 02:51:36 AM
For me, I do not believe that all governments could have ability to stop bitcoin, especially the US. In my opinion, as everyone knows,  the United States has issued a lot of U.S. dollars to the market in the past year. If there are no cryptocurrency market or stock market to absorb these funds, it will inevitably lead to inflation. For the cryptocurrency market, usdt is the only legal currency in the market, and these dollars invested in the cryptocurrency field will eventually flow back to the United States. This is a quite good business for the U.S. government, so the U.S. government will not ban cryptocurrencies. And for other countrys like China, issuing own country's digital currency, such as the digital RMB, which allows residents living in this country to conduct digital currency transactions without the use of U.S. dollars. It is beneficial to prevent the outflow of funds. Based on this two opinons, I also could conclud that all governments together can't stop bitcoin.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: yazher on March 15, 2021, 06:09:59 AM
Governments all over the world won’t unite just to ban Bitcoin, they have different understanding about it. If they had plan to kill it they should’ve planned it earlier, now its harder to kill because it is backed by millions of people and institutions around the globe believing in its value.

They already failed when they used the mainstream media to bad-mouth Bitcoin and the result was not good for them as the people wanted to know more about it after hearing it from them. All they can do now is put some taxes on the holders especially those exchanges located in their countries. Those holders who have lots of Bitcoin in their wallets won't get any damage from government threats unless they move their BTC to the exchanges. As long as it stays on their hard wallet no one will know about it.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: davis196 on March 15, 2021, 06:26:54 AM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?

All the governments in the world cannot shut down the Bitcoin blockchain completely,but they can crash the Bitcoin price to really low levels and the reduce the amount of Bitcoin users.Most of the "average Joe" Bitcoin users will run away from Bitcoin,as soon as they realize that using BTC is illegal.
Making BTC illegal will turn Bitcoin into a 100% darkweb currency,which is being used by a bunch of hackers and criminals.
Anyway,I think that the blockchain can survive a global ban.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: isaac_clarke22 on March 15, 2021, 02:37:42 PM
~
It is decentralized.
Even if all the governments team up together, they can't.
The least that they can only do to "indirectly" stop Bitcoin is to block all the trading sites to their own country, by imposing a law to every existing ISPs out there.
Still the coins that people hold are still in the blockchain and they can't have any absolute control to that.
How can they even gain control if themselves even hold one? :D


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: k@suy on March 15, 2021, 03:37:12 PM
It's too late if the government wants to stop Bitcoin, because Bitcoin has been trusted by many large institutions. Moreover, the demand for Bitcoin
this year continues to increase every month, making Bitcoin unstoppable. So it would be a futile action if several governments joined forces to stop
Bitcoin. In my opinion than the government is tired of fighting Bitcoin, why not make peace with Bitcoin by accepting it. That way in my opinion it is
more profitable for both parties.

I do believed that if governments would unite to stop bitcoin well it's too late to implement because bitcoin was already an established cryptocurrency and it already has a lot of investors some were known personality all over the world. Aside from it, the mere fact that bitcoin was decentralize make it more unique where the government has no control over it in short bitcoin has its own rules and regulations which the government has no power on it.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Swopon on March 15, 2021, 04:54:18 PM
That is not presumed to happen. Not all governments have come concurrently to agree on Bitcoin. Bitcoin is so famous and its appetite is the highest in the currency world. People will not be able to beat back from it even if they want to. Bitcoin is not yet legitimate in all governments. Less likely in the future. However, the legal countries do not think it will be excluded altogether. That will decide according to the convenience of the state.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: jjdub7 on March 16, 2021, 12:58:14 PM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?

Banning BTC will not help. the application of a crypto ban is unlikely to prevent people from using it. Everything can be taken as a reason for a ban - criminal use or dark network markets. Most likely, however, such a ban would be the best advertisement for the flagship cryptocurrency. A total ban on Bitcoin will do the exact opposite - it will draw more attention to cryptocurrency and encourage people to start using it, as the idea behind BTC is to move a person's money without informing the government or banks.

The only way governments can oppose and crush Bitcoin is to compete with it. Such rivalry may mean that governments will make the use of BTC unnecessary by creating a particular technology or using a reverse approach.

The best way is for governments to re-apply the gold standard, which is no longer followed, and to allow people to have more financial freedom and confidentiality when using their resources.

This is unlikely to be what the leaders of the countries would like to do, which means that Bitcoin is likely to remain relevant.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: doctor877 on March 16, 2021, 01:44:55 PM
the world government can only unite to solve a common issues like the pandemic, global warming, and the likes. bitcoin has gotten to the stage where everyone dont want to miss out even those who neglected earlier. different governments have started seeing a possibility with it and looking forward to leveraging on its technology.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: mezzaluna on March 16, 2021, 02:25:44 PM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?

We can really still say this but the Chinese Government is trying to stop it as we speak or even talk about it. China is scared of being overrun by something they cannot control because it is still basically money but as long as they cannot find a way to keep it under control, users within the Cryptocurrency industry should not be scared of thinking about the sudden stop of using Cryptocurrencies.

I believe that they governments should unite and try to research on how the world can utilize this invention.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: geegaw on March 16, 2021, 04:12:48 PM
They might not stop it but can bring out policy that will affect it negatively. By declaring it illegal and banning crypto related website and app will have bad effect on the price. However I don't think that will even happen. Bitcoin is not a global threat. They will rather focus on Covid19, terrorism etc
More precisely, governments of countries can limit, prevent, or even erase the existence of bitcoin in various ways, but relations between countries are often strained and sometimes there are conflicting opinions, which makes their cooperation in the prevention of bitcoin impossible, we should feel lucky that bitcoin is centrally located and does not belong to any country. Plus, bitcoin is clearly not the biggest concern for the government, the more important issue is economic control, national development, and the prevention of illegal acts that are soaring.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Yatsan on March 16, 2021, 04:15:12 PM
With the huge numbers of Bitcoin supporters out there, it will be a hard time for the government to manipulate people to stop supporting it just to be able to stop Bitcoin's momentum. Each and every country around the world have different type of government which enable people to decide on their own depending on the power they have and the government have to govern them. Bitcoin is a decentralized body not to be compared to centralized institutions manipulated and ruled by the government. Even if the world government will unite, it can still not be able to stop Bitcoin at all cost for it will become unreasonable unless stated and proven that it will just be essential if Bitcoin will be abolished for good sake.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Spack17 on March 16, 2021, 04:57:34 PM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?

Cryptocurrencies can only be manipulated not destroyed. You can't stop a currency that nobody has the control of it. Bitcoin and any other cryptos are decentralized and private to ourselves. But as I said, the prices can be easily manipulated as we have an Elon Musk example lately.  ;D


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Ozero on March 16, 2021, 06:21:56 PM
This isn't big news, it's always been known that you can't truly destroy Bitcoin, because it exists on hard drives of hundreds of thousands of people across the world. But governments can absolutely harm Bitcoin - look at today's adoption, which is actually quite low, then divide it by 100 and remove all the institutional investors and other big players, and you will get what will happen if Bitcoin was outlawed.
Governments don't have to physically destroy every bitcoin. Let's try to imagine what would happen if governments unite and declare cryptocurrency illegal and liquidate all cryptocurrency exchanges and exchanges, and those who use cryptocurrency face fines or jail time.
We can even see this in the example of the SEC lawsuit against Ripple Labs. US cryptocurrency exchanges immediately began to refuse to list ripple, although there are still no restrictions on this coin yet and it is unlikely that they will ever be. So, if cryptocurrency exchanges and cryptocurrency exchangers stop working, stores will stop taking it as payment for goods and services, then what is left for it? Of course, we will be able to send it to one another in different parts of the Earth, but without real application, how much will it cost then?
Therefore, it will be better if the cryptocurrency, as it was conceived, is simply an alternative means of payment for the currently existing payment system.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: buwaytress on March 16, 2021, 06:27:43 PM
They could, not can't. But it'd take several Trumps (referencing his outlandishness and singular dedication to get things done if he wanted, not his acumen) to come together to agree to use an enormous amount of resources to take down Bitcoin.

And if they did succeed, Bitcoin would only reorganise (literally and metaphorically) to come back stronger as another iteration.

Come at me, brah.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: lovesmayfamilis on March 17, 2021, 09:38:52 AM
They also tried to ban gold at one time. But, meanwhile, gold remains in value. It's too late to ban Bitcoin. Capital control is always doomed to failure. How can you track all computers that miners use? The government simply cannot do so. This is technically impossible. There is no way to prevent new nodes from appearing.
I doubt that all countries together will be able to ban bitcoin on a general level. If one country prohibits, surely the other will permit it. Bitcoin exists outside states and any attempts to control or prohibit it further increase its value proposition.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Kittygalore on March 17, 2021, 10:00:12 AM
Tell that to China, banning bitcoin usage by the public combined with mass surveillance, Internet censorship, and propaganda, I think that if a government were to do something drastic, I think that they will be able stop bitcoin. I forgot to mention that North Korea is also one of the countries that can stop bitcoin.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Ucy on March 17, 2021, 10:24:55 AM
Well, that will only be possible with a very decentralized Bitcoin with good & safe ideals/principles the whole world can't find fault in.
One of the strongest point that is currently helping Bitcoin is it being a more moral network/system than fiat currencies system. If you remove the good aspects , I doubt most people will be able to handle the guilt when it's exposed to thorough scrutiny.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Lorence.xD on March 17, 2021, 10:29:34 AM
Tell that to China, banning bitcoin usage by the public combined with mass surveillance, Internet censorship, and propaganda, I think that if a government were to do something drastic, I think that they will be able stop bitcoin. I forgot to mention that North Korea is also one of the countries that can stop bitcoin.
The people can still access the Internet but yes you are right, they are heavily monitored, maybe a VPN or a Tor browser and learning how to Jump the Great Firewall of China could help people to access bitcoin, I think that OP has a point that the government can't stop bitcoin's growth, the only time that they can stop the growth is if the people doesn't even know that it exist, never underestimate the spirit of human curiosity and the will to get out of the cage.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: uneng on March 17, 2021, 07:57:08 PM
It would be a real pain to deal with bitcoins in a scenario where all governments together stopped bitcoin. Regulated platforms and sites wouldn't exist anymore, and anonymous ones operating in secret and illegaly would be under constant attack of governments' agencies, similar to online piracy content downloads sites which are often taken down by authorities.
So you could never rely your funds in any sites. A hardware wallet would be a must more than it already is nowadays.

I believe bitcoin's price would be also very negatively impacted by a fall in demand, as many investors would retreat from crypto universe, fearing the punishments by their local governments.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Reosta_ on March 17, 2021, 10:16:35 PM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?

It looks like some governments really believe that they will be able to help cryptocurrencies to be stopped at least by banning them in the country.  ;D  Banning a crypto won't cause it to be destroyed, the system doesn't work like that. You can't stop it as you can't take the control of it.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Ridwan Fauzi on March 17, 2021, 10:30:39 PM
They only have a chance to prohibit the use of bitcoin in the country but the rest they can't do anything. Bitcoin is a technology, you can use it by the internet, as long as they didn't break the internet network in the country then whatever rules they make will be useless.

We can still use VPN or something like that to access our bitcoin or to access our exchange. Like me now, Binance exchange has been banned in my country, I can't access the exchange with the normal network but I use VPN so I can using it freely. This is why, for those country who make a decision to ban bitcoin is a pointless decision.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Shasha80 on March 17, 2021, 10:39:43 PM
It's a waste of time if several countries join forces to stop Bitcoin. Because in my opinion it is impossible for a country to stop Bitcoin, The only way
I can think of to stop Bitcoin is to turn off all electricity around the world. Which is also impossible to do, it means that the conclusion is that nothing
can stop Bitcoin. Instead of getting tired of trying to stop Bitcoin, think more realistically by accepting Bitcoin. Make good use of Bitcoin in order to
get benefits from Bitcoin.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Ziskinberg on March 17, 2021, 11:34:58 PM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?
Maybe you are right (just maybe) because it is really hard to survive without support from them. Mind that if they will put Bitcoin as illegal and hunt everyone who uses this? It is really has a huge impact on the market if that will happen and I'm not sure if people will still have an interest if the situation may like this. I don't think so and nobody wants to compromise themselves.

Without them, bitcoin will never grow and people will keep ignoring it.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: kawetsriyanto on March 17, 2021, 11:53:52 PM
Bitcoin is the truly decentralized cryptocurrency backed by the community. It's not backed by any government. So, they simply unable to stop Bitcoin.
Indeed, Bitcoin isn't backed up by any institution. So, the governments are difficult to stop it for any reason. Also, it is not officially located in any place in the world, it is global and at a digital place. In this matter, the government cannot control it and judge it for physical offenses. Moreover, now Bitcoin already showed very positive advantages to improve people's income around the world. There are more demands to keep the existence of Bitcoin. Then, why the governments want to stop something good for people around the world, don't they?  ;)


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: FinneysTrueVision on March 18, 2021, 01:01:42 AM
We've heard so many stories of governments banning bitcoin and it has not made a very significant impact. We have also seen increased regulation. They might discourage adoption to some extent but bitcoin has become too large that it cannot be suppressed. Even a country as powerful as the US can't do anything meaningful at this point because there are major companies are invested in bitcoin's success. The negative repercussions would outweigh any potential benefit from banning bitcoin.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: acener on March 18, 2021, 02:21:16 AM
They couldn't really stop it just look at the Covid not everyone is doing the same thing not everyone is moving or making sure that they could prevent it.
If that kind of pandemic that already killed millions of people couldn't organize them or move as one then how would they even unite to stop crypto?


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Matimtim on March 18, 2021, 02:28:02 AM
Yes, I agree on your topic title, even all government in this world can't take control in crypto currency specifically bitcoin, because no of being decentralized this digital currency.

Bitcoin as made by unknown person can't control by someone who is not the creator of this currency, only who created this currency will take full control about it


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: bitzizzix on March 18, 2021, 03:05:01 AM
If only one country tried to stop bitcoin, it wouldn't be able to and even though it was strictly forbidden as long as there was an internal network everyone could still use it illegally.
And if all countries plan to discontinue bitcoin on an international scale, it is likely because there is still a long way to go and no one knows the future, and if only one or a few countries, it will not be easy to stop bitcoin because the core of bitcoin use is the internet and electricity.
And what we have to know in life is, after there are great people there will be great people who will come from time to time, so there is a possibility and not just bitcoin or maybe something new and surprising like the existence of bitcoin.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Twentyonepaylots on March 18, 2021, 03:08:18 AM
It's not going to be easy, but if all cpuntries were to stop bitcoin, it will involve spending millions and millions of money and would also involve billions of dollars in losses, because the most sensible way of beating bitcoin at this moment is to destroy the internet. That's basically it. Yes they can orchestrate a war that will cost them thousands if not millions of lives for the sake of beating a coin without getting into everyone's noses, but most countries in this planet aren't really well-known for their level-headed judgement. So yeah, I think we're screwed.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: MuffinMaster on March 18, 2021, 08:50:28 PM
Governments all around the world are not in favor of BTC because of one obvious reason i.e. BTC is taking financial control away from governments and other centralized institutes. It’s the community that is backing the BTC project from its inception till date regardless of what governments think about BTC.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Bilgent on March 18, 2021, 10:40:04 PM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?

We have seen many times that the prices of cryptocurrencies can easily be manipulated in both ways. But it is of course not the same thing with stopping it completely. I think that they can't be stopped even with the bans. Besides, I've heard many people were still using BTC despite its being banned in their country. Instead of searching ways for stopping it, governments can regulate them logically and things could be better for the users and the governments both.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: TheGreatPython on March 21, 2021, 02:36:09 PM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?

Even in the government that you’re talking about there are lots of government officials who are investing their money in Bitcoin, so I don’t think any of them will be in support of any leader that would give out order to ban Bitcoin.

Moreover we can see clearly from countries that have banned Bitcoin that it is not possible to ban Bitcoin since people will continue making use of Bitcoin through decentralized peer-to-peer exchanges and there is no way that the government will be able to ban such exchanges. The only exchanges that the government has power over is the centralized exchanges , they can ban it anytime, but not for the DEX.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: mbe48 on March 21, 2021, 07:19:48 PM
If the world government bans simultaneously on Bitcoin it must have the right reasons, one of which is to replace the conventional money function / Fiat by using Bitcoin because it will create inflation. But I think the government will not stop this digital asset, if we as holders of Bitcoin assets can use it positively


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Lordhermes on March 21, 2021, 08:05:19 PM
This thread just concluded that Nigerian ban on cryptocurrency usage was a waste of time., recently, this week, Nigeria called off their ban on cryptocurrency in the country,  you see? there is nothing to be done against bitcoin by the government of any nation, China's ban on ICO would have been the time crypto would stop but there was no way to stop it, by the way, bitcoin is decentralized, hodlers are heie own bank, no centralised commands, so bitcoin is untouchable to be stopped.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Clement Kaliyar on March 21, 2021, 09:11:45 PM
Tell that to China, banning bitcoin usage by the public combined with mass surveillance, Internet censorship, and propaganda, I think that if a government were to do something drastic, I think that they will be able stop bitcoin. I forgot to mention that North Korea is also one of the countries that can stop bitcoin.
This is the first time i am hearing someone claim that North Korea has the ability to stop bitcoin, i am curious to know why you think that is possible, they will nuke all the mining farms  :D. How can you stop bitcoin by mass surveillance, i clearly did not get that point.
It might possible to interrupt the network if the governments who has huge mining farms comes together and impose a complete ban citing huge electricity usage other than that i do not think it can be stopped.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: bryant.coleman on March 22, 2021, 07:45:59 AM
In my opinion it is fitting for all current governments to boost the popularity of cryptocurrency (Bitcoin), because Bitcoin can increase the economic growth of human resources in all parts of the world, the existence of Cryptocurrency can be a business opportunity for all governments to be able to make their own coins, so they can compete  in this industry

For the governments, the level of economic growth which is expected as a result of cryptocurrency adoption is not enough to make up for the loss of capital controls than can result from it. But I can tell one thing. Cryptocurrency in this decade is similar to what internet was during the 1990s. Those countries which tried to block the spread of internet back then suffered enormously in the next few decades due to losing out in competition. The same is going to happen this time, with the cryptocurrencies as well. 


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: aysg76 on March 22, 2021, 09:40:01 AM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?
---The government have tried to stop its usage by spreading FUD' s - failed
----The government's have tried to ban it - failed

So the government are now finding ways to regulate it rather than putting a ban on its usage because of mass adoption and increased prices.The government themselves are holding Bitcoin in their reserves irrespective of their statements towards cryptocurrencies.Here is list of countries holding Bitcoin:

1) Bulgaria : With more than 2,00,000 Bitcoins seized from criminal activities

2) United States : The Bitcoin seized from silk road in late 2014 they have almost 80000 Bitcoins auctioned at different intervals.

3) North Korea : The leader of North Korea Kim Jong Un has reserve of Bitcoin as they have publicly auctioned Bitcoin collected from various sources and might be personally holding huge reserves.

So why would government took the unsuccessful step of  banning Bitcoin usage with growing demand among country persons.They have political agenda of votes and they dont want to losse people support and that's why it's impossible for them also.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Sanugarid on May 05, 2021, 02:43:41 PM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?

Stopping bitcoin to operate is out of their hands and not really possible, but what they were trying to do is to regulate and have authority over BTC so that they could exploit it and make good use out of it. It's not like all countries are against cryptocurrency. In fact, there were many countries that legalized BTC on their own territories, such as the U.S, Japan, and U.K.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: kobita333 on May 05, 2021, 03:08:15 PM
Bitcoin is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. That lack of central authority is the primary reason governments will not stop it.

Bitcoin users don’t need the existing banking system. The currency is created in cyberspace when so-called "miners" use the power of their computers to solve complex algorithms that serve as verification for Bitcoin transactions. Their reward is payment with cyber currency, which is stored digitally and passed between buyers and sellers without the need for an intermediary.
So how can government interfere any bitcoin user, how can government get the the identity of them, How can Government stop them?


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: ShowOff on May 05, 2021, 03:26:00 PM
Stopping bitcoin to operate is out of their hands and not really possible, but what they were trying to do is to regulate and have authority over BTC so that they could exploit it and make good use out of it. It's not like all countries are against cryptocurrency. In fact, there were many countries that legalized BTC on their own territories, such as the U.S, Japan, and U.K.
Government have the capacity to prohibit people from using bitcoin in a country if the negative impacts outweigh the benefit. They can impose stricter rule if they don't succeed in preventing their official from laundering money with bitcoin and I think the government can still do it. But so far I don't think they will do it while they are profiting from bitcoin.

Government will not come together to fight bitcoin because they still have the will of their own to go for it. Usually the regulation will be lenient if the world government applies friendly rule for bitcoin and cryptocurrency. I'm sure most countries would reconsider their rule if that scenario existed. But I know that the government still wants to make bitcoin a controllable (centralized) asset but that is still not possible.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Lordhermes on May 05, 2021, 03:33:32 PM
Since Bitcoin and other cryptocurrencies are decentralized government policies can't have direct impact on cryptocurrencies. Although certain news might only cause a drastic drop in price (deflation) but over time a major spike would occur which would however trigger the coin to rise back causing even a higher high


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: geegaw on May 05, 2021, 03:36:27 PM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?

Stopping bitcoin to operate is out of their hands and not really possible, but what they were trying to do is to regulate and have authority over BTC so that they could exploit it and make good use out of it. It's not like all countries are against cryptocurrency. In fact, there were many countries that legalized BTC on their own territories, such as the U.S, Japan, and U.K.
Objections, bitcoin's features are quite advanced for the government to be difficult to edit but in the end, it is also a form of intelligence, with the genius brains of governments, combined with close cooperation, the bitcoin network can be traced back and destroyed then prevented anyone from participating. But perhaps the cybersecurity department and the governments are probably quite subjective, the sharp rise in the price of bitcoin demonstrates the attitude of the government, a primitive world and yet to create a level of danger


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: k@suy on May 05, 2021, 04:29:46 PM

Stopping bitcoin to operate is out of their hands and not really possible, but what they were trying to do is to regulate and have authority over BTC so that they could exploit it and make good use out of it. It's not like all countries are against cryptocurrency. In fact, there were many countries that legalized BTC on their own territories, such as the U.S, Japan, and U.K.

Yeah it really is what I mean was it is so impossible for every government to stop the operation of bitcoin because as long as there are investors and traders and those who believes in bitcoin it will still operate. Knowing bitcoin today, now a new and a trending kind of investment happen probably no government ever stopped bitcoin to introduce in the market and economy. And yes the only thing that the government can do was either ban on their country or legalize the use of bitcoin in their economy.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Tahsin Kabir Kollol on May 05, 2021, 04:38:53 PM
We all know that in the early stages of the creation of Bitcoin, the government of each country tried to control and ban it. Although the level of government restrictions has increased over time, it is slowly gaining popularity among the general public, leading governments in many countries to start thinking about its use. Although the government has banned it in our country, it is currently trying to understand its use through discussion and review. Because Bitcoin is a decentralized cryptocurrency, it is not possible for the governments of any country to control it, even if the governments of different countries work together to
 try control or stop it.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Alanaz on May 05, 2021, 04:42:52 PM
even though they are together I think they will have a hard time stopping this bitcoin :) because now I can say bitcoin is even more famous than fiat money.
besides that, the impact that would be generated if bitcoin was terminated simultaneously would certainly not be small. will be very impactful, it is possible that the impact generated by bitcoin will be felt in the economy. because the electability will be disturbed.
they can eliminate bitcoin but they will have a hard time dealing with the economic impact after bitcoin is gone


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Ozero on May 05, 2021, 05:28:54 PM
The role and importance of governments should not be underestimated. Unfortunately, if at least the G20 states decide to ban the circulation of cryptocurrency, then if it does not completely destroy it, then it will significantly reduce this market by tens and hundreds of times, and also significantly complicate its use, since exchanges and exchangers will stop working. and cryptocurrency will be able to move almost only between individuals and will practically completely disappear into the shadows. I doubt very much that there will be many who want to do it, since its price will drop hundreds and even thousands of times, which will cause colossal material damage to its holders. Therefore, it is unlikely that states will immediately ban the use of cryptocurrencies. Too much has already been invested in this market. Apparently, this will be gradual, if the states even make such a decision at all.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: bounceback on May 05, 2021, 05:31:54 PM
bitcoin is getting more and more popular among the public even nowadays many institutional investors are starting to adopt bitcoin, so in my opinion the government can only ban bitcoin but they can't stop bitcoin users from growing every year, in fact it is quite possible that one day the government will accept bitcoin and adjust accordingly.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Alucard1 on May 06, 2021, 07:48:49 AM
The nature of decentralization is meant to be only for decentralization and government with the centralized system cannot do something to kill or stop bitcoin, they already tried many times to stop bitcoin but still, nothing happens, they keep on making other things to stop bitcoin but they end up giving up because maybe bitcoin is unstoppable, only internet can stop bitcoin from processing.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Newlifebtc on May 06, 2021, 10:54:49 AM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?

Government policies have little or no effects on bitcoin if its users agree to stick together ,it is decentralized and can't be controlled by any financial institutions but grow from strength to strength against other crypto


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: finaleshot2016 on May 06, 2021, 01:36:37 PM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself?
Some countries have already embraced Bitcoin, and they may be taking legal steps to allow it to be used officially in their country. Bitcoin is unstoppable, as most of the world's largest countries have begun to recognize it as a payment mechanism on various platforms. If this occurs, it would be in the future if they have replaced bitcoin with a much superior currency. Since bitcoin is decentralized, and there are a slew of resources to use on the internet to gain access to cryptocurrencies, the government can do little, even though they go all out against it.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: bitgolden on May 06, 2021, 03:43:54 PM
If this occurs, it would be in the future if they have replaced bitcoin with a much superior currency. Since bitcoin is decentralized, and there are a slew of resources to use on the internet to gain access to cryptocurrencies, the government can do little, even though they go all out against it.
That superior currency definitely will not remain decentralized; that is the point on-which it may get failed over the time even if governments unite and plan up anything like that. As of now we are seeing some governments are planning for their own version of digital currencies and some other governments are about to bring heavy regulations etc. But all these will fail for the same decentralization reasons. Bitcoin's biggest power is its decentralized nature hence anything against bitcoin without that will fail over the time.

There are very less possibilities for governments to come together to think about stopping bitcoins; even they take any step on this regard that will end up biting dust for sure due to same decentralization and benefits based reasons.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: dificanovi on May 06, 2021, 03:59:12 PM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?

I think the government is not going to do deals with governments around the world, it will bring down the economies of all countries. I see bitcoin is very influential on the country's economy because many people have been helped by bitcoin.
I myself already feel the happiness from the results of investing in bitcoin, so in my opinion the government will not ban bitcoin, instead the government is very happy to see the economy of its people getting better by bitcoin.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: djangofan on May 06, 2021, 05:25:01 PM
It is just crazy to think that banks are "tryiing to stop Bitcoin".   The recent news proves that belief is false: "Bitcoin is coming to hundreds of U.S. banks this year, says crypto custody firm NYDIG"

Why would that happen if banks were trying to stop it?   Now, if the US isn't going to stop it, what makes you think all the countries in the world would try to stop it?


Title: Re: Tôi đã kết luận rằng tất cả các chính phủ cùng nhau không thể ngăn chặn bitcoin
Post by: todiefor17 on May 06, 2021, 05:59:36 PM
Bitcoin is a product of freedom and it is loved by everyone in the world. Bitcoin is decentralized, easy to use, and profitable.
Governments may not like Bitcoin, but people do. In the past, there was a time when Bitcoin was severely criticized by governments and economists. But let's take a look at the value it offers for everyone, most of the people who are rich in bitcoin. Highly profitable computer equipment businesses, electricity companies with steady sales, and more jobs thanks to the advent of Bitcoin.
Currently, several governments accept Bitcoin and have specific Bitcoin and cryptocurrency regulations. That is proof that cryptocurrencies will never die.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Jazzi Mahesh on May 06, 2021, 06:48:34 PM
If Bitcoin was money, given the volatility in its price, the world would be jumping from inflation one day to deflation the next, all the time. Any form of money to be accepted as such cannot exhibit such huge fluctuations.
 So in my opinion a strict rule should be constructed for smooth execution by govt.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: arapgeceleri on May 06, 2021, 11:23:34 PM
I don't think bitcoin can be stopped. Even if there is such an attempt, they will not be able to do it. this is now a supranational thing. decentralization is already the best feature. I mean, even if states unite, I don't think they will be able to achieve this. I think states do not want this anyway. They will also start to benefit from this market. Even trying to prevent bitcoin is harming themselves.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: jpnl0006 on May 06, 2021, 11:35:20 PM
Loads of governments have been giving so much restriction on cryptocurrencies since i can remember but none of those rules or restrictions has ever held water or stood the test of time as they often come back for a review. Government can not stop crypto.

I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: online73 on May 11, 2021, 10:01:20 PM
I think that no government in the world, even if alone, even if united, can stop Bitcoin - this is not possible, not only technically, but also because governments will never unite. Why ask even hypothetical questions that can be immediately answered without going into details. Any government can only pretend that they have the ability to stop Bitcoin, but the members of these governments themselves, at the same moment, will buy Bitcoin.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: finaleshot2016 on May 11, 2021, 10:43:07 PM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?
It's impossible; the fact that some countries have already legalized cryptocurrency use means they have no choice but to accept it.
Even if certain countries impose several laws and prohibitions on crypto, it makes no difference because there are many ways to access it and as long as you don't let the government handle your wallet, all is perfect.

So, the conclusion is that bitcoin can't really be stopped unless there are limits on accessing the internet, but I think it's against humanity because so many of us now rely on it.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Angna27 on May 12, 2021, 01:10:46 AM
With the current situation I think it would be even more favorable for goverment all over the world to consider and accept bitcoin to make things easier rather than stop it, like transfering fund, and all that, it would rather convenient for them to use it other any means of money transfer. The world is in transition period right now the way I see it from  fiat money to virtual.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Magical Bitcoin on June 05, 2021, 09:13:14 AM
I think there is only one way to ban bitcoin, that is to ban the Internet. Obviously, this is impossible.

Everyone has their own opinion, and for now, many people will not agree to ban bitcoin in order to make money, because bitcoin can bring them benefits.

It is possible for the government to formulate policies to supervise, but it is impossible to stop them together.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Mituletr on June 16, 2021, 08:17:17 AM
This kind of thing will not happen in fact. If the governments of all countries ban Bitcoin, this will show the great terror of Bitcoin, indicating that Bitcoin will shake the country's political power, and the result is that Bitcoin is deeply rooted in the people.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Obito on June 16, 2021, 09:05:03 AM
If they unite, they can do anything they want to do, they have the power over the public and they can suppress people and their freedom to an extent but the reason why it's impossible is because it's impossible to happen, not in our lifetime, we are too divided by race and class to do a unification.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: bittraffic on June 16, 2021, 09:19:29 AM
If they unite, they can do anything they want to do, they have the power over the public and they can suppress people and their freedom to an extent but the reason why it's impossible is because it's impossible to happen, not in our lifetime, we are too divided by race and class to do a unification.

Dont worry none of them will unite as one. Each is competing with each other which they find an opportunity when others fail to seize their moment. Look what is happening now that China had almost dominated the African countries, all other big countries are chasing their investments to Africa as well. The countries from the west are struggling to cope so they wanted to Unite G7 which is now NATO vs China.

There is no unification here because the other won't accept they are now not the dominant. War is even possible. BTC adopted by the other countries then it's the loss of countries that don't adopt.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: TangentC on June 16, 2021, 09:49:33 AM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?


Bitcoin can die like all things.

It is 11 year old outdated code, thinking it has magical abilities is for bitcoiner cult member not rational investors.



Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: perfect999 on June 16, 2021, 10:12:16 AM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.
I don’t think anyone will even come up with the idea of banning bitcoin, because of the top officials in politics are Bitcoin investors , so if they choose to ban it, then they lose as well. But even at that, if they decide to ban bitcoin and the whole cryptocurrency market, they will only be banning centralized exchanges and companies like Coinbase, Binance, and the rest of them.

But not the decentralized ones like LocalBitcoin, Paxful, etc. So people will move to the completely decentralized exchanges and continue making use of cryptocurrencies. And the government will as well be hurting themselves, because crypto exchanges like Binance and Coinbase are huge now, so they wouldn’t like to stop big platforms like this.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: evilgreed on June 16, 2021, 08:54:20 PM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?


               Look man, you need to understand that this world that we lived in has been doing fine even before the immergence of bitcoins or any altcoin on that matter. Even if we say that people who have tried it have gotten addicted to it like a smoker to his cigarettes, if you cut off the supply, even with unbearable withdrawals, the person gets over them and gets to live a life free of smoking. The same goes with this industry. If the leaders of every country in this world decides to unite for the first time and totally brand crypto currencies as illegal, then we would be forced to stop. Besides, just like how they promote nicotine gums and allow vaping to aide people that stopped smoking, they also have the choice to make an alternative to crypto currencies that we use having the same feel but programmed to be fully centralised and controllable.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: dmamigo on June 16, 2021, 09:16:22 PM
Bitcoin or other altcoins can be stopped by all the governments if they come together but this is not possible because every government has a different perspective against this industry. Few of them are strictly against Bitcoin and few are a little considerate. As of now, only a few countries have completely accepted cryptocurrency and its transaction.
I just hope they don't go crazy and even if they do I feel people will protest a lot and to maintain peace they will eventually withdraw these kinds of stupid decisions.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Yamifoud on June 17, 2021, 02:14:12 PM
Yes, they can't really. If they tried, the crypto industry would turn into a black market for cryptocurrencies.
The situation will be getting at worse when Bitcoin will turn into a black market. And this will get more hated and chase by the government as it was becoming the center of illegal transactions. This is not the thing we've dreamed of, the creators aimed for the betterness of our life which is why he creates Bitcoin. It becomes unfortunate when the market turns like that and all the government will considerably not think the help of Bitcoin to the present generation and for the next one.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: ChiBitCTy on June 17, 2021, 04:01:37 PM
Technically this is not true.  If all governments came together and spent enough money to do so they could attack the network and take it down.  This would cost a fortune and won't happen, but it is possible.  The issue I see with governments banning bitcoin is not that it could take down the network or anything like that, but by banning bitcoin, they then will ban the use of exchanges which will make it much more difficult for people to buy/sell/transact.  Now that may not be a huge deal for all of us, as we know we can use decentralized exchanges and Over The Counter trading, but for most people that either won't be an option or they won't want to take the time/effort to do it.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: adzino on June 17, 2021, 09:12:34 PM
They can, but they won't or else people will be against them. Imagine all government of the world made owning bitcoin illegal in their country. This would cause a mass disturbance to market. General people will highly like lose faith on bitcoin since they won't be able to use it illegally. Others will continue using it, but on the process will be convicted for breaking the laws. People can still continue using it as long as they don't interact with fiat currency. So yeah, the government together can't stop bitcoin but they can stop people from using it. But that's very unlikely to happen.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Kasabus on June 17, 2021, 09:47:34 PM
Banning Bitcoin also means banning the entire Bitcoin mining industry. Some countries in the world have a surplus of electricity and they raise miners as a way to make a profit. Bitcoin is too powerful and the government cannot ban their people because people always have a way to use Bitcoin. It is only possible to cut off the internet to ban Bitcoin altogether, and this cannot happen.
Banning bitcoin would not really come to the extent of shutting down the internet connection because all other companies' operations that are greatly run by internet would greatly suffer too. So the least that the government can do is to impose restrictions for bitcoin and its users, and all it crypto exchanges. But since crypto is decentralized, the government cannot control it fully so they cannot put and end in it no matter how they want it.



Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: tiCeR on June 17, 2021, 10:01:31 PM
Banning Bitcoin also means banning the entire Bitcoin mining industry. Some countries in the world have a surplus of electricity and they raise miners as a way to make a profit. Bitcoin is too powerful and the government cannot ban their people because people always have a way to use Bitcoin. It is only possible to cut off the internet to ban Bitcoin altogether, and this cannot happen.
Banning bitcoin would not really come to the extent of shutting down the internet connection because all other companies' operations that are greatly run by internet would greatly suffer too. So the least that the government can do is to impose restrictions for bitcoin and its users, and all it crypto exchanges. But since crypto is decentralized, the government cannot control it fully so they cannot put and end in it no matter how they want it.



You can just look at critical infrastructure like airports or other mobility services that involve a great deal of internet connection. It is impossible at this point to shut down the internet on a global level. Still, the idea that all governments will work together one day to achieve one goal is utopia. Governments won't work together because they don't do so anyway. You have all kinds of little networks that are against each other. That will forever be the case. If one shuts Bitcoin down, someone else sees an opportunity to legalize it.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Kong Hey Pakboy on June 19, 2021, 05:39:05 AM
It's not that worthy stopping bitcoin so I am pretty sure that every government stopping it is impossible also worth saying that  the people will always find a way to access bitcoin if they are being prohibited accessing it.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Lordhermes on June 19, 2021, 06:41:08 AM
It's not that worthy stopping bitcoin so I am pretty sure that every government stopping it is impossible also worth saying that  the people will always find a way to access bitcoin if they are being prohibited accessing it.
Not all Government are basically against Bitcoin. Some country have already legalized Bitcoin as a digital currency, while some government officials are investing secretly in Bitcoin. I think is high time, most country accept Bitcoin for good, and besides, crypto is a decentralized payment system so it impossible to stop using Bitcoin.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Expecto on June 19, 2021, 07:17:03 AM
Yes, it is true that all the governments can't stop Bitcoin even if all of them ban cryptocurrencies. And I also don't think that they will even try that. There is no meaning in banning Bitcoin. Letting people use cryptocurrencies will help the country economically too.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: clint25n on June 19, 2021, 07:19:39 AM
I really agree that not all governments can stop bitcoin, actually bitcoin is not dangerous for its users or its investments. Maybe the government is afraid if we no longer save money in banks. Therefore the government is trying to stop bitcoin itself


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Kong Hey Pakboy on June 19, 2021, 08:25:48 AM
It's not that worthy stopping bitcoin so I am pretty sure that every government stopping it is impossible also worth saying that  the people will always find a way to access bitcoin if they are being prohibited accessing it.
Not all Government are basically against Bitcoin. Some country have already legalized Bitcoin as a digital currency, while some government officials are investing secretly in Bitcoin. I think is high time, most country accept Bitcoin for good, and besides, crypto is a decentralized payment system so it impossible to stop using Bitcoin.
That's already given, that's why I didn't mention it, OP is talking about the hypothetical stuff so you really have tto exaggerate a bit and you can't seem to do that. These are what if situation that is being talked about and they concluded that it can't be done.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: ziyaaa on June 19, 2021, 08:30:06 AM
Governments can do whatever they want. They can ban it, impose some restrictions on it etc. . But when it comes to stopping Bitcoin for good, it is not that simple of course. If Bitcoin was in the control of someone or some group, it'd be possible. But it is not.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: KaliLinux on June 19, 2021, 08:35:27 AM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?
As you must have known by now that the impossibility is that all Government of the world come together as one to stop Bitcoin as some countries have already started accepting Bitcoin as a legal tender while others are looking into the same direction even if not confirmed yet and the way Bitcoin is Developed as a Decentralize entity which is not really controlled by a single person, that makes it even more difficult to completely stop by any one or group of Government.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: romero121 on June 19, 2021, 09:50:55 AM
Governments can do whatever they want. They can ban it, impose some restrictions on it etc. . But when it comes to stopping Bitcoin for good, it is not that simple of course. If Bitcoin was in the control of someone or some group, it'd be possible. But it is not.
At present we can see the market getting manipulated by the Whales on the market. Particularly each and every small move by Elon Musk is making a big change in the market. Same as this if a big volume is acquired by specific country we can see the price getting manipulated same as now. Maybe that'll happen in a bit harder way. By the time nothing can cause the network get stopped. I believe in Satoshi, if he's the true innovator then he has got the ability to stop bitcoin.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: aejay420 on January 13, 2022, 01:25:04 PM
Hello BTT family,
What if bitcoin was legal in India?
When there is talk of cryptocurrency, how bitcoin can be excluded from the discussion. Right? As bitcoin has shown the entire world of investment that cryptocurrency can give high value return on investment. The highest ROI given by bitcoin in last 10 years than anyother project.
So if bitcoin becomes legal in India it could benefit everyone in the country like firstly the government. Government can make it legal or regularise so that it can earn from the tax which can help in economic growth and development of the country. Moreover India which in last 6 years has encouraged online transactions through UPI payments want to make aware of online transactions and which has been a great success. As government encourages online transactions next could be cryptocurrency. As I think so let's see. What you think about it?
Secondly India which has so much potential young youths in every field and sees opportunities in new sectors for growth. Bitcoin launching could provide a great opportunity for these young youths for there personal and financial growths.
Third is mining of bitcoin on a large scale should be encouraged with the help of renewable energy sources like wind, solar, hydro. This type of mining could increase in rise of new mining companies and which in return would provide good job opportunities.
This type of mining could control pollution also thus not harming our environment and this is good news for every one
So more jobs, new online transactions in form of cryptocurrency/ bitcoin, new companies, less pollution. Isn't this futuristic?
That's why I believe Bitcoin/cryptocurrency is future of our world.
Indian government do it fast don't be late on this.
Thanks guys for reading my views.
Was it good? I'm open to feedbacks  and discussion.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: BitcoinAccepted on January 14, 2022, 03:08:01 AM
Agreed. I personally think that no government, neither anyone or anything, could stop Bitcoin and crypto in general. Not unless electricity and technology fails, which I doubt will happen except if the world really fell in despair. I could confidently attest that nothing can stop Bitcoin because even with the pandemic and other crisis that the world is currently facing, crypto still persisted and continuously growing. That is why the only way for the governments to stop it is through stopping their people directly from embracing it through bans and other laws that prohibits its usage and such.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: goldkingcoiner on January 14, 2022, 03:19:12 AM
As far as government power goes, 1 government alone could not do anything, except perhaps cutting off the country from outside internet like North Korea or China, for example. But if every government in the world wanted to stop Bitcoin, all together they probably could do it. But then again, when has such a worldwide cooperation ever happened? Thats why Bitcoin will stay... Because too much corruption is what fuels the most incorruptable money.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: pushups44 on January 14, 2022, 03:29:37 AM
If the U.S. and major European powers were to ban bitcoin, it would cripple the price for many years, but it would not stop bitcoin. What this would do is incentivize competing nations to adopt bitcoin as a way to circumvent American power and unseat the U.S. dollar as a global reserve currency. I am sure the U.S. understands this and that it's best to use bitcoin to prevent its weaponization by adversaries.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: coinmanhere on January 14, 2022, 03:42:42 AM
For something to ban worldwide goverment have to come together and well forget goverment people in general rarely come together they are busy fighting over race and religion. So government coming together well never gonna happen. What will continue to happen is rich exploiting poor and rich countries exploiting developing nation even after cryptocurrency become mainstream. To be Frank I feel like discrimination will increase multiple times after cryptocurrency. I love cryptocurrency but i am also aware of human nature which never changes despite of how much advance or whatever new technology comes.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Reatim on January 14, 2022, 07:49:16 AM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D
Never that this will never happen because government of the world tend to have their own views in life and in their country so i will never buy the idea of this going to happen.

Quote
I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?
and besides Bitcoin decentralization and anonymity is one factor that is why this is not possible to come .

but anyway if the whole world go against Bitcoin ? then this is the end of the crypto world.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: clint25n on January 14, 2022, 07:08:22 PM
this may be completely impossible to happen despite the many oppositions against bitcoin from various countries but so far have not succeeded in stopping bitcoin as they have done, because bitcoin can only be stopped if a government forbids its citizens to adopt or conduct transactions in bitcoin then there is no other way than this because poverty is an investment that cannot be stopped circulating


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: ChrisPop on January 14, 2022, 07:31:34 PM
As long as we don't live in a completely centralized world, I don't see how could Bitcoin be stopped. Even if a big state decides to ban it, with the present problems of the fiat currencies it is going to be a matter of time until people make request of Bitcoin to be unbanned. Remember, something that is rare and is regarded by the population as hard money will triumph in the end.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: dataispower on January 14, 2022, 07:32:45 PM
this may be completely impossible to happen despite the many oppositions against bitcoin from various countries but so far have not succeeded in stopping bitcoin as they have done, because bitcoin can only be stopped if a government forbids its citizens to adopt or conduct transactions in bitcoin then there is no other way than this because poverty is an investment that cannot be stopped circulating
Government can only succeed in attacking and stopping Bitcoin when they have proper documentation of bitcoin and is not going to be possible that government can stop Bitcoin all over the world, Bitcoin is decentralized and the documentation is not handled to any body except Satoshi nakamoto release the documents to government before they will get access to bitcoin bridge


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: clint25n on January 15, 2022, 01:06:20 PM
the legal terms of bitcoin cannot be stopped either by any circle or community because bitcoin is an investment that is long-term and does not link itself to others so it is very difficult to remove from circulation, the government only has a way to prohibit its citizens from adopting bitcoin but not by banning it in a certain country


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Ozero on February 15, 2022, 06:53:32 AM
Well, let's imagine a situation if all states ban the use of cryptocurrencies, and some even introduce severe penalties for those who violate such a ban. First of all, this means that all crypto-exchanges and cryptocurrency exchangers will be closed. People will only be able to send cryptocurrency to one another, and then, if they are not afraid that this will somehow become known to the relevant state authorities and punishment will not follow. But the punishment can be criminal, with the threat of imprisonment. If there is no prospect of cryptocurrency legalization, the number of users will drop not even hundreds, but thousands of times. Accordingly, the price of cryptocurrencies will also fall to a level at which it will practically disappear.
Whether this is possible in practice, we do not know. So far, the cryptocurrency is developing quite confidently and its position in our world is growing stronger every day.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Mauser on February 15, 2022, 07:38:52 AM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?

If you ask me if it's realistic the whole world will unite and ban bitcoins, I will answer a big NO. There is no way at this point that countries like Russia, China and USA all work together on one unified approach against bitcoins. The world is too divided to make something big like that happen. In a unrealistic world where everyone gets along and there are no wars between countries it could happen. Then all countries together could issue a ban on bitcoins and prevent stores or companies to accept and deal in bitcoins. This ban would still not mean that a 100% of the bitcoin transactions stop. I am sure a blackmarket for bitcoins would start to exist where the government has no influence.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: xSkylarx on February 15, 2022, 07:45:24 AM
I think, It's true The Government may ban existence of bitcoin but the Government cannot stop bitcoin. Bitcoin is digital currency and Decentralized crypto.Many Countries people's Usually Using investment in bitcoin but all Countries are not accepted in bitcoin but they are still using bitcoin.Bitcoin investment and bitcoin interested increase day by day.

I agree that they can ban bitcoin, but they cannot prevent people from using or investing in bitcoin. For example, I am aware that there are countries that have banned bitcoin in their jurisdiction, but there are still people who are able to get into bitcoin because it is an investment for them and they can earn money from it. Yes, this is illegal in that country, but they cannot prevent people from investing in or using bitcoin. I am confident that, in the future, the ban will be lifted and will be legalized in the country because it has a positive impact on the economy of the country, similar to what Brazil has done.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: noormcs5 on February 15, 2022, 09:25:38 AM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?
As you must have known by now that the impossibility is that all Government of the world come together as one to stop Bitcoin as some countries have already started accepting Bitcoin as a legal tender while others are looking into the same direction even if not confirmed yet and the way Bitcoin is Developed as a Decentralize entity which is not really controlled by a single person, that makes it even more difficult to completely stop by any one or group of Government.

Even though few countries have made bitcoin legal, others may also thinking of making bitcoin, a legal tender. However, the majority of the governments will not accept it and they may even impose trade cut off with those countries who accpet bitcoin. Even all the government unite to control or ban crypto, yet the model developed by satoshi is soo good and decentralized that it cannot be banned practically.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: bitzizzix on February 15, 2022, 01:45:11 PM
No government of any country can ban bitcoin forever, and this is like banning the internet which I don't think is possible.
and the essence of decentralization is to ignore a single point of control or hierarchical bureaucracy, so that bitcoin can always continue to exist even without the knowledge of the government, because they have no control whatsoever over it.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: BITCOIN4X on February 18, 2022, 05:49:16 PM
In my opinion, governments can't prevent P2P transactions and they can't control decentralized bitcoin transactions either. The government can only regulate users, trading platform owners, block wallet applications on google play and so on but the government cannot stop transactions.

Besides, the world's governments will not unite just to kill bitcoin because I believe there is a vested interest involved in it. It's okay some countries ban it while many others legalize it within certain limits. But if the government knew what bitcoin was then they wouldn't be against it. The government can take advantage of bitcoin users' income taxes, taxes from mining companies, taxes from trading platforms and so on. That would probably help state revenue instead of banning it permanently.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Emitdama on February 20, 2022, 06:12:09 AM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?
One way to stop bitcoin is that if government shutdown the internet, or if they started another war against each other. Anyhow, don't overthink it mate, it won't happen, government will not and can't stop bitcoin. They won't collude with each other just because they don't like this so called digital currency dominating the world.
The chance of every government or countries uniting with each other is slim therefore the chance of them uniting to stop bitcoin is also slim. It is a crazy move to stop the internet because almost everyone is depending on it. Internet is very useful nowadays and many business now rely's with it.

Cannot imagine what the world will be without it. Wars are also impossible because the topic is about being united. They need to unite to stop btc and they are not going to kill each other because that was not their main objective. BTC is not dominating the world or the currency world, they need to stop over thinking because it is bad for their mental health.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: qwertyup23 on February 20, 2022, 06:39:11 AM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?

I think the only way that cryptocurrencies can be stopped is if all people decided to just disregard and not use it. What drives the price of almost all cryptocurrencies is the general law of demand and supply. If government prohibitions can somehow affect its price, then a wide-scale global prohibition can somehow stop BTC, though it will definitely decrease significantly its price on the market, thereby making it obsolete.

Though what I mentioned above is highly unlikely to happen, still, we should not discount the possibility of it from happening. While its utilization is ongoing, better take the opportunity and grab such privilege of joining.


Title: Re: I have concluded that all governments together can't stop bitcoin
Post by: Henrobakkara on February 20, 2022, 07:31:29 AM
I get to be thinking what about all the government of the world unite and decide to stop bitcoin and cryptocurrency ?  ;D

I have wondered if this is possible to happen despite bitcoin being decentralized. Within me, I don't think that is no more possible because bitcoin is now unstoppable. Just like water is to the fish, bitcoin is the light of the earth.

What do you say yourself ?
Not because of the way you put it, but for me, it is just that I don't believe that the whole government in the world would have the same consensus about Bitcoin at the same time regardless of whether we think the Government doesn't like Bitcoin.
You see, the world has existed before Bitcoin and will still exist without Bitcoin but the Fishes, well you know :) and sure Bitcoin has shone a new light on financial investment and I too don't see it stopping anytime soon.