Bitcoin Forum

Ok so there are people who say that crypto is decentralized and cannot be controlled by the government. How can this be true when the government can shut down the companies or networks where you are able to buy, sell, or send crypto? What do you guys think? Do you all think that crypto is truly decentralized and cannot be controlled by the government or can they? Maybe not directly but indirectly controlled?

No government can stop me from buying, selling, sending or receiving crypto. The worst they can do is to make it illegal.

I guess so, just like nobody can stop you from creating a business selling cocaine, can that be called decentralized?  👀😀

CryptoBitcoin is decentralized. The network itself is, but most of the on-ramps like exchanges aren't. There's a significant difference there. And yes, the government can surely outlaw the buying/selling of bitcoin/crypto, but they can't "ban" it. The same reason how certain drugs are illegal but people still buy/sell/use them. And knowing that bitcoin transactions are conducted 100% online, it will be far easier to use it(compared to buying/selling drugs) even if it was illegal.

Cryptocurrency is decentralized and no one can be able to control it even the government. The government will not be able to control cryptocurrency because it is decentralized and it's network itself, even they will be able to successfully shut down the exchangers where people are buying and selling their cryptocurrency still there will be other exchangers that will be pop up in order to sell their cryptocurrency, people will still be able find ways in order to make their cryptocurrency into fiat money. They can also ban it and make it illegal but still people will be able to use it no matter what happens.

What if an exchange or website still allows for sending, buying and selling crypto despite the government making it illegal, can it be called a decentralized exchange??

You're probably misunderstanding the meaning of "decentralized". A platform is decentralized if there isn't a single authority that has power over the platform, instead, authority and decision making is spread out to multiple parties. Just because a certain exchange continues operation despite illegalization doesn't make it "decentralized".

You are full of confusion.
For starters only bitcoin and a limited handful of alternative cryptocurrencies are decentralized. In fact majority of altcoins specially the top 10 are very centralized.
Secondly nobody (including government) can prevent individuals from communicating with each other, that is what a P2P network is and bitcoin is built as a peer to peer currency without any centralized authority. So much so that even if the government shuts down the internet they still can't shut down bitcoin! But when something is centralized, like the centralized shitcoins like XRP, or like centralized services like exchanges, all they have to do is to go to the centralized place and shut them down.

We don't think like you think, because we've been doing transactions and trading in Bitcoin for a very long time.

If I think you are wrong thinking about the process of running Bitcoin: (decentralized).

Before you ask about: 'Bitcoin bans' by governments and other organizations, you must first understand what is related to the Bitcoin network.

Please Read:👇

Bitcoin network. (https://en.m.wikipedia.org/wiki/Bitcoin_network#:~:text=The%20bitcoin%20network%20is%20a,using%20bitcoin%20cryptocurrency%20wallet%20software.&text=An%20ad%20hoc%20decentralized%20network%20of%20volunteers%20is%20sufficient.)

Once you understand the working system of Bitcoin, you will understand the meaning of (decentralized).

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Next: now that you have read all about the Bitcoin network, now back to your topic, if it is explained that it is too long it requires two pages to be written in this forum, for that, why can't the government carry out a ban permanently and cannot be controlled by the government.

The reasons are here: 👇

Can a cryptocurrency like Bitcoin get hacked or shut down? (https://www.bitpanda.com/academy/en/lessons/can-a-cryptocurrency-like-bitcoin-get-hacked-or-shut-down/)

I dont think that is the kind of control we are talking about, Government might be able to Ban which is the word I would use, Ban any organization that is affiliated with Crypto dealings in their country but this doesn't mean they are in control of the crypto ecosystem and I dont believe that all Government will do this at the same time. Look at countries where this has happened already, did it stop the people from dealing in crypto still? no. I know this for sure cos my country is one of such.

Gov can make crypto illegal. It can ban crypto like in India so you won't be able to buy something there. But no one can stop us from buying, holding and sending BTC. Gov has it's influence but doesn't control it.

governments are only authorized to exercise crypto control in their own country. the government of a country does not have the right to control crypto globally. I think it's natural because every country has different rules and views on crypto.

And that's what other countries did. They banned or illegalize bitcoin because they want to become involved in all of economic activities.

One of the best thing in crypto is that it is decentralized and we have financial freedom when we have it.

Cryptocurrency can be also controlled by the government depending on how they will regulate it .

Can't call it "controlling" tho, because by regulating they can't really enforce something through crypto. Not like banks, which easily seize your funds through just 1 click. Worst thing govs can really do is enforce some kind of investigation on you. Otherwise, you're free to move your own money.

They cannot control the blockchain.  The way they make claims many times in the history of the cryptocurrency market has proven that.  They cannot impose the prosperity of an advanced technology, financially liberal and democratic.  So far, what they've been able to do is use decrees and regulations to indirectly contain them.  Until new elements are embraced.  They couldn't do anything else.  Specifically, some countries remain neutral on bitcoin vsf crypto.

Forget the word "crypto". Saying that cryptos are decentralized is wrong, because some of them are not, for example XRP. You may read the words "cryptocurrency" and "decentralization" together in a sentence, but that won't mean that every single cryptocurrency works like Bitcoin.

Yes, the bitcoin network is consisted of nodes making their own decisions, but they each make the same decisions as one another, which makes it completely decentralized. You shouldn't be confusing exchanges with Bitcoin. Exchanges are authorities that sell an asset, while Bitcoin is that asset. A government cannot forbid you broadcasting a message to a peer-to-peer network unless they forbid internet.

Even if they illegalize it, they won't achieve anything significant. And that's because there isn't anything to stop/ban. Only a protocol. RapidShare was taken down, but what about BitTorrent? Why is it still alive?  ;)

I hope I answered your question.

I'm pretty sure you can do P2P transactions albeit more troublesome compared to when it is legal.

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Most people refer to the network when they're talking about decentralization. Those companies are running a business on top of that network, if they shut down their operation, the network itself is still running just fine. It's not about buying/selling things either, transactions aren't necessarily have to be a purchase or selling of crypto from a company. I think you should read more about this decentralization from the links shared above, or google it yourself so we're talking the same thing.

They can Shut down the companies or best called "Exchange" whenever they wanted but this not means they can stop Bitcoin to circulate .
There are many option on how to buy, sell and use bitcoin aside from those closed exchange.
and remember that there are countries that banned Bitcoin in their countries but some of their people are still Having and joining Bitcoin.

No government can prevent people from investing in cryptocurrencies. There has been some governments that tried to do it but people still continued to invest in them. They can make it illegal to use it when buying things. But they can't prevent people from trading.

Sure, shutdown my favorite exchange. I will do p2p transaction with other people that holds Bitcoin around my area. ::)
Cryptos like Bitcoin is decentralized. Nobody knows who is the one that holds a certain amount of Bitcoin behind those addresses.
Only control they can do would be shutting down every crypto related stuffs in the internet, but hey people still have the power to use VPN.
Sure, shutdown every single site to download VPN. People would make mirrors site of it still.

Well they can shut down an exchanger, OTC exchange etc but wallet stays online all the time. You can always exchange the crypto from one address to another without any trouble. Exchangers are just platforms to trade your currency like that of share market and stuff. However, bitcoin can be stored in the wallet, whether it is paper wallet, hardware or software wallets. Government does not have control on them. Plus miners are working all over the globe, if one government shuts operations then they will pop up in another country or another miners will increase the power. The network is huge, and by this time it's impossible to take down the bitcoin. So chillax mate, it still remains decentralised one.

^ I do not really think you have done your homework before you asked this question. You should know what is the meaning of being decentralized first then you come back here, and tell us what’s your perspective. Nevertheless, regarding your concern, the government banning companies that sell, trade, and buy Bitcoins won't affect the decentralization of Bitcoin and other cryptocurrencies. That is a different story, my friend. They are not really associate. Decentralization is for the platform itself. But some theory is saying that there is a way for the government to control the decentralization and that is if they will mine empty blocks. But that was not proven right yet.

Yes, the government can shut down centralized exchanges and companies but they will never shut down  p2p activities.  When it comes to decentralization, I believe the cryptocurrency industry is a mix of fully decentralized, centralized, and semi-decentralized cryptocurrencies. 

Bottomline, the government can affect cryptocurrency adoption but it will have a hard time shutting down or controlling cryptocurrency because of its decentralized nature (see Bitcoin as an example).  But any cryptocurrency that have a central authority will always be susceptible to government control.

If government bans Bitcoin, people can still use peer to peer network for Bitcoin activities. But doesn't p2p require a software? Can the website that offer that software be taken down by government? So the government can still indirectly control bitcoin?

Bitcoin is decentralized, not the exchanges. Hence the government can shutdown the exchanges, but not the network. Shutting down the exchanges doesn't mean that the government is controlling bitcoin. Think of it like P2P torrenting. At best what the authorities were able to do is just seize the websites that hosts illegal/pirated contents and shut it down. But where they able to bring the network under control? Nope, people still pirates. It's the same in case of bitcoin. Shutting down centralized exchanges won't help government control bitcoin. But they can indirectly do so by imposing strict regulations and policies.

making it illegal is tantamount to stopping the development of technology...
government is a tool for entrepreneurs especially those who own a bank business, when they feel cryptocurrency is a threat then they will definitely make it illegal. against cryptocurrencies = trying to catch the wind, that's impossible 'lol'.

Not all crypto is decentralized, so to make it easier to understand we are talking about Bitcoin only. In my opinion there is not a single country until
now that has been able to shut down Bitcoin, if indeed there is a country that can control and shut down Bitcoin it has been done for a long time.
But until now Bitcoin continues to grow and its users are growing. Therefore the government can only make Bitcoin illegal, because after all there
will always be ways to buy and own Bitcoin. That's one of the reasons why I am so in awe of Bitcoin.

Well, what they mean by controlling bitcoin is i guess by controlling the price, the supply and the demand of bitcoin. There's no way government can do that right? that's why people said bitcoin can't be controlled by the government, unlike cash, where the government can print or destroy them, adjusting them with the situation that they need.
However that's true, government can still control us from using bitcoin, not the bitcoin itself that's being controlled, but us, the citizen. They might ban, make it as something illegal and such so we can't use bitcoin, but they can't really do anything to bitcoin itself.

They control you mean in a sense that government make some regulations out of crypto activities. Like other countries that wanted to control bitcoin in a way that they wanted to create walls between cryptocurrency and governments. However, you can still access bitcoin without worrying that others may have a control over it unless you are in a country that prohibits the use of cryptocurrency totally.

The most a government can do is to ban use of Bitcoin and other cryptocurrencies through the centralised exchanges which means if you are found guilty or say you trade in cryptocurrencies you can be punished.But the government can never shut down or stop bitcoin usage because it has no central point of authority and all the transactions are carried out through P2P network and transactions are completed without any third party intervention on the blockchain.It is one of the unique feature of Bitcoin which makes it more valuable than other coins in the market.Can government shut down the internet?You can also conduct offline transaction in Bitcoin network but it will be promoted to the nodes in presence of internet only.It is something which is jointly owned by all and nobody have individual control over it.

Lots of people responding with almost exactly what im going to say.

Has the Pirate bay been shut down yet?  Bitcoin is several orders of magnitude harder to shut down then the Pirate bay.  Its a listing service only, and its peer to peer system is almost impossible to stop.   Bitcoin is way harder to stop.   Not to mention Bitcoin isn't actually stealing something like the people running the peer to peer networks that the pirate bay links. 

Governments Can shut down exchanges. 

But let me add something that I haven't seen anyone else mention.    TAXES.   Governments want their taxes.  Why the hell would a tax hungry gov shut down tax income?  Yes currently bitcoin avoids tax being peer to peer(prob forever due to its nature).   But if you want to convert to a local fiat Then the gov will get their cut.   And that's all there is to it.


Dumb govs will ban. Smart govs will pin down the exchanges with regulation.  Its a math problem.

Outright ban Costs money to maintain and zero returns.

Ignore crypto = no gov income

Regulation of exchanges = Some income with little cost keeps the crime somewhat in check. I am in favor of this option but then extent of regulation is where the real conversation should start.


Everything else is media rhetoric.   which btw is in my opinion a much much greater problem then gov regulation on exchanges.

Bitcoin The control of a decentralized coin does not depend entirely on one class of people but on the whole group.  However, if the government of a country wants, it can control it not only for the country but it cannot control it completely.

Be it bitcoin's price or even the technology of bitcoin none of the two that a government can control of. That is why it is known as decentralized coin meaning there is no other way that a government can control. And when it comes to exchanges this is where the government has a power or control over it and I guess this is the reason why it is so important that cryptocurrency or bitcoin be adopted by the  world so that there's no other reason to use exchanges, so we can directly use bitcoin in all transactions.

Nobody can control this market, it can only be regulated by creating obstacles to it - through prohibitions and restrictions, or, on the contrary, a favorable climate and incentive for development. Can you call a tax control? Sure you may! But it is also the rules of the game that are clear to everyone - which makes it possible for investors and other players in the market to feel comfortable and understand what will happen "tomorrow".

As long as bitcoin is still decentralized, we cannot expect for the government to fully adopt it as there is no way they can control it. Yes with exchanges they can but with bitcoin and its network itself, all are uncontrollable by the government. The least they can do is to create strict restrictions for bitcoin or banned it but they can't stop people from using it.

That is why i think some people not agree with centralized exchange, because they can get hit by government rules and can be shut down anytime. But i think it wouldn't really disturb people who use bitcoin because there will be new site or maybe new DEX that can allow people to trade their coins.

indeed it will be difficult to directly control bitcoin transactions because they work alone and no one is able to regulate and treat bitcoin transactions.
but the government is able to enforce applicable rules with all those who buy and sell fiat to bitcoin through state-regulated institutions. then the state is able to control it properly in the transaction.
other than if they do transactions on the black market, it will obviously be difficult.

Bitcoin and the crypto market are just one form of society.  It is still within the legal framework of the regulations, This is completely unavoidable.  But the way bitcoin existed it was still in a distance, a different space.  Today's blast is likely to initiate a price manipulation.

The rapid change and volatility in cryptocurrency prices has puzzled analysts and economists, especially as there are no fundamental reasons governing their price movements. So, what factors should traders and investors in cryptocurrencies consider to evaluate them? Government regulation might be one of them

Cryptocurrency is decentralized, this means that the government can't control or even shut down it. The only thing they can do is to prohibit crypto usage.

The government may ban, close the trading platforms. But they cannot control, appropriating Bitcoin in your wallet. And we can trade in exchange together. If there is no trading exchange.

Cryptocurrencies are decentralized, so it is not possible for any government to regulate cryptocurrencies. The government can only legalize cryptocurrencies, shut down trading platforms. So anyone can buy and sell cryptocurrencies from anywhere in the world, even if they are banned by the government.

Hello everybody. I think that governments cannot control cryptocurrency in any way - they make timid attempts, understands that they cannot do anything about it, and begins to introduce fiscal measures in the form of a ban. Which, in turn, is also not easy - you cannot prohibit what you cannot influence.

There is no way for governments to take the control of cryptocurrencies. The biggest thing they can do is banning the usage of it in their country. But I don't think it will prevent people from using it in different ways either.

There are a couple of ways in which government intervention can influence the price of cryptocurrencies. First, governments can regulate the price of assets, such as fiat currencies, through buying and selling actions in international markets. Second, they can tamp down excessive enthusiasm for an asset class by saddling it with regulations that increase the cost of doing business. An example of this approach is bitcoin regulation being considered across various states in the United States.

Most states require surety bonds or an equivalent amount in fiat currency for cryptocurrency exchanges within their jurisdictions. Finally, governments can also make the asset scarce by imposing controls on it. An example of this is the case of gold, which has import restrictions in several countries.

The government doesn’t control cryptocurrency. Even they want to control and regulate it. No institution controls Cryptocurrency. But any institution or government or even high-profile personality can manipulate cryptocurrency prices. That is why trading cryptocurrency is very risky due to its volatility in nature. But despite that, We love that the system or blockchain itself is decentralized. That is why I trust the technology behind crypto.

There are so many ways to access it if they doesn't allow their users to user  bitcoin on their state. But I never imagine that will happem simce imagine how big the potential of it and its a bad move for government if they stop it, many protest will come since bitcoin is changing the people's lives for just holding it.

It is anger, jealousy, and greediness that makes the government thinking about bad into crypto.
That actually they can control and stop those companies, cancel their business permit and etc...Perhaps, that is the only thing they can do, but they can totally stop the spread of Bitcoin on the internet.

The more they are hated crypto, the more it spreads globally. People will find another way to continue their doing and even they seize those machines (ATM, mining machine) they are still be doing it.

Government has no single authority over bitcoin and they can't stop people for buying and selling bitcoin. If government is difficult to stop illegal drugs, how about a decentralized digital currency which is done online through internet? Of course, it's more difficult than to hunt a drug user/seller. As long as there is electricity and internet connection, government has nothing to do to stop, ban, or control the bitcoin.

I don't think so.  It will not be easy for the government to control it.  If the government controlled it, it might not have come to the market.  crypto always maintain privacy

I Think, Government cannot control cryptocurrency. It's totally decentralize Cryptocurrency. They can't stop crypto buying and selling.So government can one thing, they can ban only his County. So,Government can't control bitcoin.

Crypto BITCOIN is 100% owned by the GOV, so they ask does GOV own Crypto? Perhaps they should ask who owns the GOV?

Let's see NSA created sha256 and secp256k1 which is 90% of bitcoin, the blockchain ( linked-list ) had been around 50+ years.

Coinbase is the arm of the IRS

You can't open an exchange without KYC GOV approval, the exchange is ingress/egress of all crypto, the only way to have privacy is to solo-mine, and HODL with no intention of ever selling or perhaps going back to the old-school of selling btc at the public parks for cash.

Everything about BTC is GOV

All the story's about BTC I should say promises have turned out to be lies, cheap, fast, anonymous

The only thing certain about btc is that it has becomes a fools lotto where the same people who would normally bet pocket money are now trading cryptos online, where the fee's and transaction costs eat up any profit, even if you correctly predict a 50% gain, the house takes a 50% cut when you add in fiat conversion, and fee's on all sides of the transactions, the only people making real money are those who own the exchanges, which goes back to #1 coinbase, a front for the IRS.

LOTTO is a tax on stupid people, cryptos are a tax on fools. Sure if you were an early miner, and held you made some easy money, but how many well sell before the ponzi flushes out? I suspect that most will lose,

Most likely like today loss blamed on GOV fraud investigation, one day all the exchanges will say "Sorry, all your profits have evaporated", what difference would it make to HODL, what's the real price at a public park for cash? Once all the infrastructure is pulled because its no longer profitable, what will price-discovery be? Just fools trying to hookup with greater fools.

We even know why the IMF released the original white paper in 1997, way before Satoshi's paper, the IMF was clear about diverting excess money away from Gold, and 2021 shows they have succeeded.

The only wild-card about bitcoin, is that the Chinese came to be the owners of 'mining' and ergo given that they control 67%, which is way over 51% consensus then China ended up controlling bitcoin, even though the US gov created it, IMHO I think this was the plan, sort of a trojan horse, China adopts NSA-CIA funny money, USA holds the back-door keys.

So now we move towards a one world-gov post COVID, and everything that Rockefeller hoped  for in the early 1990's has came true.

GOV controls Crypto? Does anybody really think that the geek game-boyz in mom's basement controls crypto?

how do you keep it all straight?

Governments can't shut down bitcoin because the network is decentralized meaning any banning of nodes is undermined by the large miner adoption rate.

They can only regulate those exchange that caters crypto to fiat transactions, but the entire crypto market is far from their hands.

Most government already tried to take control of this industry but until now they are not succeeding, some do banning this from thier country but with the access of the internet there are lots of ways to continue.

Good thing now, there are already places in the world where crypto are already been embraced and no
longer being treated as bad investment/ponzi types of business.

It is true about crypto being decentralized. It's the main reason why government have been at a disadvantage since trying to put an end for it for many years now. Their plans just keeps on failing. Their ability to stop crypto usage around a geographical location is bad too because you would be at the losing end if there's no clear option available on how you can convert some if not all of your coins to maybe fiat. This is why crypto users in US have difficulty accessing crypto services like the rest of us.

Yes, for decentralization system, government can't able to control bitcoin. A user is free to use bitcoin as own way. But for betterment of economical condition, some government are not adopting bitcoin still now.

That's true, but do you believe that government willing to ban the utilization of internet network in the country? I doubt they will do that. Just internet connection that can stop the utilization of bitcoin in the country, more than that there is no way for government or anyone which can be able to manage and make bitcoin become sentralized.

As for an exchange that can be used as a place to buy and sell bitcoin, I guess there will be new way popping up when the country ban the exchange from their territory. Like you can sell your bitcoin to me directly without party, this thing has been done by most people since most of crypto exchange obliged all their user to give the personal identity which makes investors reluctant to give it away.

the government can only make rules related to regulations, there are restrictions and prohibitions, because most governments still consider bitcoin and cryptocurrency in general to be misused for criminal acts. but we all know that bitcoin is completely decentralized, there are still many ways to do "unnoticed" activities. Don't worry too much, the cryptocurrency ecosystem is very broad, small restrictions can't lock up everything, take full advantage of the opportunity and fully understand the rules so you can play "safe"

USA is not even in the game.

Hong-Kong & Thailand ( 2019 ) have already signed off CBDC, cross border digital currency; China has already released theirs. China has already essentially removed 'cash' from day to day transactions one by the public.  Even Africa some 10+ years ago, most transactions were done using mobile-phone 'credit'. Everybody from Asia-2-Africa now has a smart-phone, as they cost about $3.

USA is a one trick pony, and they're tied to the FIAT aka US-Dollar, and will go down defending it.

Will the USA ban, or criminalize BTC to USA citizens living in the former penal colony called USA?? Hell yes, or make it so hard to use that its painful? Yes, but so what look at USA today SF has feces in the streets, Portland is a sewer as well, none of these problems exist in ASIA, even India now looks cleaner than most USA citys.

So all of Asia will start doing all trade in CBDC's, and fairly soon the USD will not even be in the equation. Russia, China, & Iran are pushing the hardest to de-dollarize the world.

BTC if it survives can&will be a store of value, but with 21M btc clones all saying their the one, this show is not unlike the matrix.

All the USA has to do is tell the banks to quit funding the exchanges, and overnight the exchanges have no fiat. But the USA solution is to always have a crisis, and then a solution, so most likely say China pulls the plug on the BTC-miners ( +60% ) of world 'mining', BTC transactions come to a halt, and fee's go to $100 to transfer $1. Even in the USA they could pull the plug on mining, utilities know who the users are, all meters are now tracked from home office. They could just set a tariff schedule say 100X for miners cost of electricity, to fund green. Lot's of things could bring BTC to its knees.

In all of Asia, most of the people are in sync, if the GOV says "Do this", everybody does that for the good of the collective; If the Asian Gov's say use CBDC's, the people will use them, just like they now do in China, where alipay has been essentially transferred from Jack Ma to the CCP. This is the model for 90% of the earth, what difference does it make for the USA? Deagle Report says that by 2025 the USA population to be reduced by +80%, most of the people in the USA playing BTC will not even be in the USA by 2025, unless they flee prior.

The government cannot control crypto it is completely out of the control of the government. That is why the governments of many countries have imposed many restrictions on it which did not give it legitimacy there is no one to control cryptocurrency in the same way that a common currency is controlled by a central bank bitcoin anyone using decentralized Internet can create cryptocurrencies. It can also transact the authorities consider it dangerous because there is no control the currency cannot be seen in reality it only exists online.

Bitcoin is a digital currency, a decentralized system that records transactions in a distributed ledger called a blockchain. So basically, the government has no full authority over cryptocurrency since blockchain serves as the bridge for transactions in the digital setup. Yes, the government could takedown companies but it wont be enough to shut down the entire network. Besides, it has been widely used in different countries so the only thing they could do is to set up restrictions and limitations for people who're involved in crypto

governments in every country are different, because they apply different rules. maybe only in your country that applies such rules, not all governments in a country fully control crypto, they usually only give rules about crypto to their people who use crypto for a better purpose

When you say the government can shut down companies or networks, yes that is possible to an extent, but it is not fully possible. The government can only shut down the companies that they regulate, you can use countries that banned bitcoin as an example, let’s look at Nigeria when they banned bitcoin and stopped all the companies there such Binance, Luno and the rest of them, they did all that but did it stop people from trading cryptocurrency? The answer is a NO. People still continued to trade cryptocurrency because they are now making use of P2P and they now happened to beat India as the second largest P2P traders.

So, that shows you that the government can’t stop cryptocurrency, the only thing they stop is companies that are regulated by them, but decentralized exchanges can’t be stopped.

I think the government can control electronic money. This does not mean prohibiting electronic money. I think this should do it. Needs of strict rules and appropriate sanctions to avoid bad guys stealing and protecting their assets. You still buy, sell or exchange normal electronic money as long as you don't take advantage of it to work badly.

Crypto is a digital currency that has no physibility ,shuting down companies can not frustrate the growth of crypto but rather it mystifies it and makes the exchange value higher and scare among users

Bitcoin is decentralized not crypto is decentralized because there are some crypto which claimed to decentralize whereas it centralized an example is every project created by Binance or on their platform.
Yes, government can not control every crypto that's truly decentralized but they can cause FUD whoch may influence the price of the crypto.

The government shutting down an exchange site doesn't mean they control crypto and the last time I check they can only do that with centralized exchange.

Governments around the world and those domestic centralized banks are taking enough steps to sell but a completely decentralized virtual currency so it has become a matter of great difficulty for a fully controlled government and centralized banking system.

There are shutting down issues of exchange which has been used to fud crypto users to dump the price of bitcoin so provably if something like this will happen we can possibly go the same as many people will think the demand will lessen for certain closer especially if the government will demand it. But this is far from reality since as long as bitcoin is serving a good purpose the government will not put any bad actions on it.

The government shows negative reaction towards bitcoin even how useful it is to the people but i think it will only stop there. Yes, they can shut down those crypto exchanges but definitely not the network itself. Bitcoin is decentralized so no single or group of authorities can ever control it. The government can impose limitations on bitcoin transactions but never they can stop bitcoin transactions even how they see it illegally.

What companies are you saying? Binance? Or where? See, there's no way they can stop us. They won't even make an effort but even though they did, it won't be really effect on us.

Well, I hope every country's leaders will appreciate that but unfortunately, some of them are still blind to see it. I'm not sure what is in their mind or just they don't want to have crypto as their business competitor.

1-2 countries are not enough to stop crypto. Cryptocurrencies will continue to spread and become more useful to our lives in the future and we all get the benefits from them. Just we need some patience as the development continues and these leaders will open their minds and give their support instead.

There are many different cryptos to think about. But if you are taking a decentralized currency like bitcoin, the network is not controlled by any single person, group or entity. The government can ban it and make it difficult for people to get and trade bitcoin but they can't find out (if taken the necessary precautions) who owns what amount of coins and they won't be able to track P2P trade with bitcoin. Government cannot influence the transactions or stop them in any way. They can't confiscate it unless they hold the key to the wallet.

So you misunderstand the concept of the decentralized cryptocurrency. It is p2p transaction so even if the governments shut down exchange, comapnies, etc, people can still buy, sell or transfer their coins although it might be a little tough.

Not all crypto is decentralized. Some are centralized, some are pseudononymous. There are fully decentralized cryptocurrency but its usage in this decade is not significant. Maybe when bitcoin become the main asset of the world, decentralized coin will be used more

Even if governments make Bitcoin and other cryptocurrencies illegal, they will still not be able to control them. The price will again be determined by the supply and demand of Bitcoin, not by the any government.

They can control access to Bitcoin (by banning it, imposing sanctions on stock exchanges, etc.) but they cannot control Bitcoin itself.

I'm pretty sure the government has a way with this kind of things and I do know that if those corrupt and power hungry mongrels put effort into what they are doing, they will be able to pull it off but you are right there will be a resistance and the people will always win in the end no matter what happens next.

Government can only ban their citizen by trading and investing in bitcoin but they cannot ban it as a whole or even delete it, bitcoin is not under a centralized system as well, one of the features of bitcoin is decentralized which is really different story from the understanding of those people you have posted. The government won't shut down those companies that accept bitcoin or those platforms that have the feature of bitcoin, that would have a big process and expect that they will pay huge money for that thing, so for sure they won't sacrifice it.

Firstly, the governments can regulate the price of assets, such as fiat currencies, through buying and selling actions in international markets. Also, they can pinch off excessive enthusiasm for an asset class by saddling it with regulations that increase the cost of doing business. An example of this approach is bitcoin regulation being considered across various states in the United States. Finally, governments can also make the asset scarce by imposing controls on it. An example of this is the case of gold, which has import restrictions in several countries.

All three types of actions have the potential to fail in the case of bitcoin and cryptocurrencies. This is because cryptocurrencies are extra-national and have decentralized ledgers that are spread across multiple countries. Their regulation will require a well-coordinated effort across several economies. This might be a difficult task, given varying levels of interest in cryptocurrencies and their impact on national economies in different places.
 
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https://www.[Suspicious link removed]news/can-government-regulation-affect-bitcoin-prices/

The government only provides regulations on cryptocurrency. in every government in all countries have different regulations. Cryptocurrency cannot be completely controlled by anyone, including the government. The government only provides rules in the form of regulations. This regulation will determine whether each country allows cryptocurrency transactions or not.

However, it will not be possible to directly control crypto from within. Cryptocurrency is completely decentralized.

Companies can be shut down by governments, but bitcoin network (blockchain) can not, that is the most important thing here which makes all the difference. We don't need third party services or platforms (companies like exchanges) to use bitcoin. So people saying crypto is decentralized and can't be controlled by the government are telling the truth.
On the other hand what can happen is a persecution from governments against crypto adopters for not respecting a bitcoin or crypto ban, for an example. But it's important to let clear these people won't be prevented from using bitcoin anyway.

Government can't control crypto because it is a decentralized system it can't operate from one place and can't make any difference to change one place flow of money. Government can minimize their people's investment by giving them restrictions. It is for some time because people will never stop using it and the system can't stop by anyone.

Government controlling crypto is an absurd concept one can foolish think they can do. First stop, Bitcoin is decentralized and no government can control the said currency. The decentralization itself will prevent from any institution or government to control it. If you look at it, they have tried to shutdown many exchanges in the past, but that did not stop Bitcoin to continue spiraling up and become the king of cryptocurrency. People will look into Bitcoin now, and other cryptocurrencies and use it instead of fiat. It can be banned but it cannot be destroyed.

Also the government is wasting their time and taxes trying to shut down the networks and their exhcanges of this cryptocurrency because people will always find a way to make things work, we humans are genetically programmed to find freedom and struggle out of the control of tyranny.

The government does not control cryptocurrency, they are only able to shut down those exchanges that your are talking about because those ones are centralized.

If you’re looking for an example of centralized exchange, then an example of that is Coinbase and Luno, they are both centralized and the government can stop them at anytime, but stopping them doesn’t mean that the government have stopped bitcoin, you can still make use of bitcoin even if these exchanges are not working or doesn’t exist, and you can do that through decentralized wallets. Wallets like Trust wallet, and Exodus are a good example.

The crypto network is mostly on the internet and there is no head office. so how can the government manage it all. I only see if the government can regulate it all when people make crypto transactions in a country, and the government of that country can take action but only in that country not in the global world.

Those companies that were shutdown were not the cryptocurrency blockchain at all.  They are third party services that take advantage of cryptocurrency and get profit from it.  Unless the nodes of cryptocurrency blockchain is controlled, the government had no control over crypto at all.  Besides, cryptocurrency is design to do p2p trades and not to use a third party platform.

It all depends on the perspective. Governments cannot control crypto directly since they are not the one who developed it.
They don't any access over the specific blockchain network. What they can do though is that they can restrict the company from operating in that locality.
But still the company has the option to operate the network from countries which are crypto friendly.
So yeah, Government cannot control crypto directly.

Technically speaking no governments or no one in this world that a country government have a control over a cryptocurrency. But know what the things that the government has a control over crypto? It is the laws and regulation on their government like prohibiting their people to use or invest in crypto and banning cryptocurrency to be circulated in their economy, but directly having a control over crypto market it is absurd and unbelievable to be exact.

Yes, I totally agree here. States and their governments have a lot of power and great ability to strongly influence cryptocurrency. We have a recent example with ripple. As soon as the SEC filed a lawsuit against the abuse of two executives at Ripple Labs, XRP immediately plummeted in value. This despite the fact that there was no real danger for the circulation of the XRP coin itself, and there is not. What will happen to the price of any cryptocurrency if, for example, the G20 states declare it illegal and establish responsibility for its use? I am confident that the price of any such cryptocurrency will almost immediately drop by more than 90 percent. At their own peril and risk, some will still be able to use it, but this will no longer be its previous use.

As much as the government wanted to control crypto activities, they are only limited to regulating third-party crypto services or crypto platforms.  It would be hard for the government to control crypto because it is online and users are around the world.  They need to cooperate with different countries in order to at least initiate their plan but crypto being decentralized adds layers of protection on being controlled by any authority.

I am sure that this is simply impossible. If we are talking about control, then this is excluded, but regulation or restrictions are quite possible. We already see a lot of such examples. In general, governments can be divided into three groups: 1) the government that gives freedom of action; 2) the government that gently regulates the market; 3) the government follows the path of strict prohibition or restriction. Of course, the first option is closer to me, but who knows - how many of them will remain in the coming years?

shutting down dosent mean its controlled, and moreso no government can shut down companies where trading is done except for the ones that are not licensed. majority of them are licensed. you dont understand that government also are making use of crypto oportunity.

The Bitcoin market varies depending on supply and demand, it is also based on the effect of whales, and currently the power of social networks in such a way that it could be affected by emotions.Governments cannot control Bitcoin because they are not based on physical banks, unless the government has a platform where some public service can be canceled with crypto, this is the only way that the government begins to control those who operate with crypto , that is why people prefer to remain anonymous.

the reach of the government is only limited to the country they control. The government will not be able to control bitcoin more widely throughout the world, so that statement will never happen if the government will control bitcoin in any case.

Well not all crypto are decentralized so government also have a control on those centralized crypto.
The government could shut those centralized trading company or wallet providers but they still doesn't control your crypto if you have it on your own wallet.
That is why it is important to have control on your own crypto,
Remember "Not Your Keys, Not Your Coins".

so, we must first equate the concepts so that what we discuss has the same meaning.  first, what is decentralized from cryptocurrency is the blockchain network, and this has been discussed by several of the members above.  second, the exchange can be considered as a financial institution, so it must obtain an official operating license from the government.  I think here it is clear, what is controlled by the government is only the market where crypto is traded, not directly traded goods (crypto).

The government may not be able to control each crypto, one by one because the cryptocurrency itself is very volatile and also depends really on the market.
however, yes you are right that government can shut down the exchanges of crypto that are being in their country's regulation. Every country has different rules and regulations related to crypto. And a company needs certain permission and also law to build a company itself including cryptocurrency exchanges. And when the exchanges are not suitable or conformed to the country's regulations, the exchanges will be banned or blocked.
This also happens in my country where every exchange must be registered in one of the institution in our country to enable to run in Indonesia

I agree that the government has the power to close the exchanges registered in the country, even if it can do extreme things. Like banned
cryptocurrency, but that doesn't mean the government can really control crypto. Because I have a friend where he lives in a country that
rejects crypto and punishes its citizens who are caught using crypto. But still my friend can still buy crypto and own it, so it is impossible
for the government to fully control crypto.

If the government has in control, then manipulation is not anymore happening, IMO, the market is well manipulated, so I would say that it's not yet regulated well, and the government has to step on it now, put a clear law especially on exchanges where faking their transactions and volume.

The government could really benefit from crypto, but they can't do that if they lack control over it.

Let's be realistic, we are still in the early stage, adoption is still young so it's normal to see things that we arent' expecting to happen, lack of regulation and lack of control.

It is not controlling instead that can be categorized as Limiting and far different from Controlling .

When you banned a certain company Meaning you are preventing someone to control it and that means no one can control Bitcoin by that way.

If talk about exchanges, i think regulation is good too. I mean, not really control but maybe government not want their people to get bad things when use exchange. Just wonder if there are no regulation about exchanges and then they gone with our money, of course we not want that happen. To shutdown a company, government must have strong reason to do it and if the exchanges is not do anything suspicious, i think no need to worry about it.

True. We understand that the Government have the power for all that but like you mentioned, that is not the actual control, just because they are able to ban the transactions of crypto in their country does not mean they directly control it cos like you said, likewise in my country the Government has place a ban on cryptocurrency trading but many people are still in crypto trading via which even other means they can. So you see, they are not in direct control.

I don't think that decentralized wallets are going to be controlled by the government, they are decentralized for a reason so there is no way to control them unless the government goes the authoritarian route and watch all the things that their citizens do.

They cannot make a complete control and control mechanism. However, in order to prevent money laundering and terrorist financing, states will regulate to prevent tax evasion. These arrangements can be good for users. Thus, the stock markets will be subject to more control and they will not be able to steal people's money.

I think, government can't stop crypto buying and selling. Government can ban specific his countries. So government will not control cryptocurrency. So it will be continued.

lol Your government ? best that you put those companies that has been shut down by each government and not just spreading FUD here.

Crypto is bannable but not controllable better put that in mind.

Yups because even if they Ban the exchange yet there are still p2p that can still manage to make the trade flowing.

Cryptocurrency is definitely decentralized, you can say that at some point it can shut down companies and networks but other mode of transactions would still be made available. Even though they will choose to make crypto illegal, they don't have the enough power to stop people from buying, selling, transacting and trading crypto. That's the least they can do, banning it or making it illegal but it will just soon show that crypto is way more powerful than them and at the same time, the cannot get it under their control no matter how hard they try.

Cryptocurrencies fully Decentralized plafrorm which already spreaded among the people that's a way that governments and central bank can't control bitcoin transactions at all. Even if any countries banning cryptocurrencies then another countries allow bitcoin.

To every action there is always counteraction . Even if the government declares operations with cryptocurrency illegal, there will always be a way to implement the exchange of bitcoin for fiat,because a lot of funds have been invested in this asset by whales and corporations. The capitalization of bitcoin is more than a trillion dollars. Therefore, the governments of countries should better legalize operations  with bitcoin and just get taxes from it.

There is no company that government can close for Bitcoin, and there is no ceo's to arrest and question, but you can't say that for most other altcoins that are not really decentralized.
According to Luke Dashjr, Bitcoin currently have almost 80,000 nodes and it is really decentralized, compare that with other coins that mostly run their software on VPS and you can't call them decentralized.
Binance than forks that and run it between 10 to 20 people they choose, and call it a ''DEX'', it would be funny if it wasn't reality and I wonder what would Satoshi say about all this circus.

I am sure that if more and more large companies start investing in Bitcoin, your country which still prohibits crypto trading will change its mind.
Moreover, there are rumors that Alibaba will buy Bitcoin in large quantities, I hope these rumors come true. In order to open the eyes of countries
that are still banned Bitcoin, in the end I believe all countries will accept cryptocurrency. So just be patient for those of you whose government
in your country cannot accept cryptocurrency yet. Because I believe in the future they will allow their citizens to trade crypto.

I agree with how some members think: Governments can declare the use of cryptocurrencies illegal. But I also think that by this time of the game if we speak in sporting terms, it is remotely likely that this will happen.
Cryptocurrencies have entered our countries and citizens have made use of them because we live in freedom. We have not asked the government for permission to do so for the same reason to enjoy freedom the same freedom that was conquered by our ancestors.

No one can stop me buying and selling Cryptos but governments can stop using cryptocurrencies if the want. Something they forced on traders and investors to stop money laundering.

If the country is very strict with cryptocurrency, I don't think that they can also control cryptocurrency, except that the crypto is issued by the government itself. But, if it is about certain exchanges in certain countries, they may be able to control the exchanges based on the regulations of exchange itself.
Nobody can control crypto moreover in the market about the price because it really depends on the market itself.

It is a sure thing that no government can control cryptocurrencies. Because there is noone owns them already as they are decentralized as the name implies. They can't cantrol it but they can prevent the anonymity at least by demanding info about which wallet address belongs to whom.

I hope governments will accept cryptocurrencies. governments should not be against cryptocurrencies. This is necessary both for the development of the cryptocurrency market and for people to invest comfortably. Although some states put bans, I hope they will remove them as soon as possible. Cryptocurrencies and their technologies will benefit us all in the future.

Government does not control anything related to crypto and infact that's the reason why they are fighting hard to bring it down. Imagine turning all the blockchain projects and crypto into the hands of government, that means we did not get any form of liberty. Government has no hand in it.

No government in the world can claim to have control over crypto whether it is being used int it's soil or outside the soil of the government as the system was designed to flaw the centralized government systems

The government can't do anything on cryptocurrency, I mean yeah maybe they can do something but they cannot fully control cryptocurrency or bitcoin at some point.

The government can maybe ban bitcoin in a country but it doesn't really make it effective because they cannot block everything, I mean if you're in North Korea probably you could do that but it's gonna violates everything. It's like stopping the internet which is impossible, people make a lot of ways to still buy and invest in crypto, and the government cannot stop that if people wanted to.

I think a part of it can be controlled or can be manipulated at some point if you have a big money but having full control of it is impossible because there are so many factors affecting it.

Goverment only can make regulation because bitcoin based on blockchain system which never can control by anyone its already on internet and nobody could control or use it as their desire. and also why goverment need to controls it ? its out of their right and system.

Luckily government has no control over our funds and crypto and they can't take hold of it. Consider for a moment, if government has the power to stop the block chain technology. They would have stopped the blockchain technology and would want us to be their salves and keep on using the banking fiat system.

Sometime government fears the rise of scam transactions using cryptocurrency that makes them banned it before, however since they cant control the continuous use of crypto and fast adoption of it throughout the world tgey can just limit it thru the uses or authorization to other companies in using, hopefully they will just accept the fact that transactions will only be controlled by the user themselves and not them.

Government and its policies can't shut down or stop crypto but rather they can illegalize it within there jurisdictions and make subscribers or users look like offenders