Bitcoin Forum

Their is something I confide on me toward the existence of cryptocurrency and government, so do you think that government can make Bitcoin not be functioning, or do you think that politics of a particular country can obstruct the existence of Bitcoin, because their one particular things I know that can not make Bitcoin to stop because it's a safe independent coin, when looking at Bitcoin government can only make a control of Bitcoin in their country to restrict Bitcoin but can not stop the existence of Bitcoin. I don't know for any body in your country can government stop Bitcoin?

A government in its own jurisdictionmcan make more difficult for people to use and have access to Bitcoin, reduce liquidity, stop access to exchanges and prosecute miners. But since Bitcoin is as decentralized as it is, it takes advantage of the lack of an effective global government which could distrupt it's functioning. The lack of a borderless government is one of the highest advantages of Bitcoin censonship and I suspect Satoshi Nakamoto was aware of it.
Even if an important market like the European Union or the United States decided to become hostile against Bitcoin, it would not stop the Blockchain from continuing existing as usual.

Perhaps, some entity in the future may try to destroy Bitcoin by distributing a computer virus against the nodes or miners, but it is kind of unlikely to succeed or be as effective as it sounds.

In my opinion a government can never completely shut down Bitcoin, if that were the case then all governments would interfere with Bitcoin. So don't you think that the government is continuing to try, I think the government is still trying to stop or take control. The decentralized system has given Bitcoin freedom. In all the countries where the use of Bitcoin is prohibited, the use of Bitcoin is still going on in all the countries, the government cannot interfere in any way. But it can control how Bitcoin is used and exchanged in some way. Currently, Bitcoin seems to be impossible to stop despite the advanced technology in the major countries of the world.

Yes, government can stop BTC in a particular country because they have the power to stop anything they don't approve for their people, which they can also do the same thing to stop their people not to use BTC or have any relationship with any decentralized currency in their country, and they will deploy army forces to be monitoring people in the country.

Have you not heard about some government that banned BTC and crypto in their countries and you cannot use their traditional institutions to carry out BTC or crypto transaction because you will not find legal way to do it than to move to near by country where BTC and crypto are accepted in their financial institution.

Since, we know that BTC is not control by any government, because is a decentralized currency which no government have the power to stop BTC in the whole world or control the movement of BTC in the world

yes, they can stop bitcoin through the regulations they make. you can see several countries that have made regulations limiting the use of bitcoin in their country, such as bangladesh, where their citizens cannot use bitcoin freely because the government has banned bitcoin. from this a government can limit the use of bitcoin whenever they want and citizens cannot fight this because it is the jurisdiction of the government to be able to secure their economy on the grounds that bitcoin could disrupt the circulation of their currency.

when you check the history of Bitcoin you can see that government don't have anything to do with bitcoin blockage because they don't know exactly the technology of bitcoin because if they have known the technology of bitcoin by now they would have abolish the existence of bitcoin, on my own I know very well that bitcoin have what it takes to remain on earth and only thing government can do government can do to bitcoin is to regulate its power rate in that particular country.

Technically governments can’t directly stop Bitcoin as it operates on a decentralised network. Bitcoin transactions are verified & recorded by a network of computers called miners making it difficult for any single entity to control or shut down the system. What they can do is governments can regulate or restrict Bitcoin through indirect means such as imposing regulations on exchanges, enforcing AML laws or banning cryptocurrency usage. These measures can affect the ease of buying & selling Bitcoin but they can’t completely eliminate its existence or prevent people from using it.

As I understand it (tell me if I am wrong about this), a majority of the servers for Bitcoin and the majority of the hashing power currently resides in China. Hence the CCP could simply order all of those servers to hard-fork and there's absolutely nothing any holder of Bitcoin could do about it--the network would naturally select China's version of the software because they'd have the majority. And if they effectively control the software, they could do anything they wanted including invalidate any block they wanted or put in their own blocks. And it wouldn't matter what country you live in (Bitcoin doesn't know what country you live in).

At the end of the day, there are physical servers involved in serving Bitcoin (or any other internet service), and those servers have a physical location, and thus those servers are subject to government intervention--just like anything else on the planet.

If China doesn't have the majority of the hashrate--or no single country does--then a group of countries could take over Bitcoin if they were so inclined (viz. China+Russia+client states of same = >50%).

I suspect, years ago, when the Computer Science people at the university went to the Political Science people and told them, "we've created a technology that is impervious to governments" they... probably had a good laugh...

The government cannot stop bitcoin transaction because it is decentralized.Bitcoin was created for financial freedom,it cannot be manipulated by any central controlling authority like banks and government.The government of a country can only regulate the use of BTC and other cryptos in their country but can't stop the transactions because the P2P platforms allows users to buy,sell and trade.Like in my country the use of Bitcoin is restricted and the government has also banned one of the centralized exchange but even as that,BTC transaction is still growing rapidly in my country so it's pointless for the government to restrict a transaction that is not under their control.

 The truth is they can try to but can't totally stop it. Take the case of China for instance when the government tried to stop it's citizens from trading with it and making it illegal for start up businesses to raise funds via ICOs but thanks to it's decentralized and autonomous pattern, it was easy to get around this strict rules using the peer to peer investing done in private than in public.
In essence, a government can try to set bars around Bitcoin to have at least some semblance of control on how it is used in a country by limiting or restricting what is done in the public like trading on exchanges and all that, however Bitcoin's core technology prevents a government from completely seizing power of use from the citizens.

As I understand it, China never made it illegal to personally hold or trade Bitcoin, they simply forbid their banks from holding Bitcoin as an asset on their balance sheet.

And as I mentioned above, it's certainly possible for a major government actor like China to usurp the Bitcoin network by winning the majority of the hashrate and then dictating a change to the software. This is probably not very likely (it would basically be an act of war), but it's important to understand that with governments, you should never say, "never" :).

Technically they can't stop the Bitcoin from used as Bitcoin but they can definitely shut any centralized service that provides crypto services which can be an exchange, casino, or even wallet provider became the target of Fed in the recent days if you have been watching the news, for example Phoenix wallet has been forced to shut down their service from US.

IMO they can, but only locally.

How?
Bitcoin depends on exchanges, ATM's and such. If you close gateways that people use to trade bitcoin, you'll stop its use.You won't stop people from holding, but they'll have to exchange it for cash, which will limit at least 80% of users. 

Silver lining is that people can easily leave the country with their bitcoin and exchange it somewhere where it's allowed and the country that banned it will only lose tax money that they'd have if they allowed bitcoin in the country.

It used to be so before the Chinese mining ban that came in 2021. These days majority of the hashing power comes from United States (40%), china has only half of that. Also if one pool would have 51% of the hashpower, it would make no sense to use all those millions in mining for one double spend and get kicked out of the network, and cause bitcoin price to drop because of panic, when they could just keep mining cash in by selling those mined bitcoins.

Real problem is that regulations could cause these incentives (bitcoins) to become a less popular and lower the overal acceptance and liquidity.

The government will not be able to stop Bitcoin because there are already more than 1 billion people in the world who know Bitcoin and half of them own Bitcoin even in small amounts

what the government can do is only regulate the use of bitcoin in each country, and if you can look more broadly, then the regulations on bitcoin in many countries are different so stopping bitcoin is an impossible task

Yes they can. In some countries, your internet wouldn’t work on cryptocurrency related websites, and if they can do that to all the known cryptocurrency services, the citizens wouldn’t be able to use those service because they are probably blacklisted even by their service providers. However, people will always find a way around it like using VPN, or other solutions (even if it was illegal)

They can stop exchanges but entirely the Bitcoin network, unless someone from the highest authority form of government which we don't have because we're all basing from each country's form of government to instruct ISPs to cut all the internet connection as that's the only way to stop Bitcoin temporarily.

But is it worth it? no.

IIRC, Bangladesh has restricted Bitcoin in their country but it's a perfect example that even the government imposes rules like that, they can't stop people from using and investing to Bitcoin.

Got it. My point was that it was theoretically possible for a nation-state actor to gain control of Bitcoin if they really wanted to.

As for the network double-spending, I don't think they would do it that way:they would simply invent transactions to their own blocks or something. If you controlled the nodes, you control everything, and the majority of the hashing power dictates what is reality and what is considered "wrong".

As for the motive? It would be one hell of a hostage standoff :). A country holding $1.5 trillion in wealth hostage could conceivably extract major concessions e.g. control of Taiwan.

Government can't stop bitcoin for any company in our country bitcoins are decentralized, meaning that central banks do not control them governments cannot regulate its use. The use of bitcoin is more online even if the government wants to it will not get any information. Bitcoin is not subject to any tax laws as it is untraceable. No matter how many coins you own. You don't have to pay any taxes and the government can't force you to.

We don't have one united government for the whole world, so despite the prejudice that some countries have about Bitcoin, others truly embrace it, that means that Bitcoin can not go into extinction because some people or government don't like it. I know that there's a total ban on Bitcoin in some countries while there's some levels of restrictions and regulations in others, despite these, people are still using it in those countries, because it's decentralized, although they do so at their own risks. The most important thing about Bitcoin is that it's adoption is increasing everyday and more people are seeing it as a store of value, and this movement is what will compel skeptical governments to accept it eventually.

whatever rules and regulations that the government has, they have limitations and can mostly excecise thier powers in Thier jurisdiction. We can't say that the government can just decide to stop Bitcoin and that's just it, they can set laws that makes it deficult for users or Bitcoin to transact efficiently and we've seen instances like this with cases where some government stoping binance from carrying out thier operation in Thier region and although within some short space of time it did affected crypto users, it didn't take long before an alternative was sorted out for and it's now a thing of the past.

The whole crypto ecosystem is a sort of pseudo decentralized system that can exist independent of whatever policy the government is trying to set out and the only thing they can in most cases set out policies that will affect is mere exchanges and not the whole crypto ecosystem itself.

Government can't stop bitcoin from existing,  if it was possible for them to stop bitcoin from functioning  by now I don't think we will still have it till this time. Though they tried their best to end Bitcoin but they couldn't because bitcoin is a decentralized currency and its network is one that can't be tampered with. After they tried to bring down bitcoin but didn't succeed they placed restrictions on bitcoin just to frustate people from getting and using bitcoin,  but with all these it couldn't stop people from using bitcoin.

The government can't shutdown bitcoin and since it is impossible for them to do this that means their is nothing they can do trying to put bitcoin off from existing. Atleast before now there were countries that bitcoin was banned but now same countries bitcoin has become legal and widely use by people.

A large government could obtain enough servers to achieve over 50% of the hashrate, and take over Bitcoin and do whatever it wanted with it, including effectively shutting it down if it wanted to (although such a government would probably just corrupt it in certain ways e.g. add their own blocks and take out other ones).

It's naive to use words like "can't" when it comes to governments who possess trillions of dollars and nuclear weapons :).

Majority of the hashpower only does that in theory. In reality no one would just accept that when it was obvious hostal takeover.

All cexes would halt their trading. And this 51% attact couldn't sustain for a long time before counter measures were in place. That chain government controlled would have zero value, because no one would trade those bitcoins. Rest of the users would stick with the prior version before the hostile takeover, because no one sane would support the obvious government intervention chain.

And while you are talking in theory, cost for that hostile takeover would be insane. Not only the cost of the power, but all the miner rigs too.

As we have discussed this in the past I firmly believe that government cannot stop or control Bitcoin since it's decentralised but the government can control people by applying so many restrictions and it complicated for people to use Bitcoin again let me be clear they cannot stop but make it difficult to use and this will remain same they will never be able to stop Bitcoin and even people will figure out some or the other way to use Bitcoin.

First of all, how would anybody know it was a "hostile takeover"?

Second, the software accepts a new server, not individual people. (If it was individual people, China could get at them in other ways).

You don't really have a choice to "accept" anything on the Bitcoin network, it just.. is.


They would halt their trading in what would be a gigantic run on the market because of a panic? I'd like to see them try :).


China would be holding Bitcoin hostage, so nobody would be ready to declare their holdings "zero value". The average holder of Bitcoin would just want their Bitcoin to be okay. If that meant siding with China, that's what they would do.



1.5 trillion dollars is an insane amount of money. China already has, in the past, controlled over 50% of the hashrate. They could again.

Actually governments are so many powerful in their own counties. I means if they want,. They won't let the people using Bitcoin then they can! I mean they cant stop anyone cause there are lots of source and facilities so get connected with Bitcoin as well as use it. Even vpn is also common thing to bypass but imagine, your government Just ban all of these major exchanges and websites, then what will you do? Then you need to go low quality exchange or low quality website and always you have a risk during transaction or buying or selling cryptocurrency. But yeah, still you can!

We discussed a lot only topic before. Many governments already ban Bitcoin in their country and Gave many restriction so that people can't buy. But how can they stop this decentralized altcoins? Haven't you seen that Bitcoin is getting more higher than before? Days by days bitcoin Getting spread among worldwide. So it isn't possible for any government to stop Bitcoin. Maybe govt can for their country but not possible to stop using it

The government can't ban Bitcoin. However, they don't have the power to stop the existence of cryptocurrency, the only power the government has is to stop their citizens from operating anything related to cryptocurrency, but they lack the power to prevent Bitcoin from existing. Many countries have stopped their citizens from using Bitcoin, and even those that hold it don't seem to be comfortable because their governments make it illegal.

I come from a country where the government did not allow the use of cryptocurrency, our government has announced many times to arrest everyone who is holding anything related to cryptocurrency in the country and nothing seems possible, whenever they announce such things the citizens use it more than before because we are from country where the government did not care about us, they don't know how we are surviving, so if they ban bitcoin and anything related to cryptocurrency the youths are going to suffer a lot. In my country they have banned many exchanges, so we shouldn't get access to it. The only thing the government may control is people, not Bitcoin.

It's also worth noting that while a major government like the US couldn't outright stop Bitcoin by legislative action, they could certainly tank the price of Bitcoin down to 2012 levels.

Today, virtually all Bitcoin is held in centralized databases today, e.g. brokers and apps. All of those are companies that must necessarily respond to government laws and regulations.

So yeah, maybe in that scenario a few hard-cores would still hold Bitcoin, but 98% of Bitcoin holders, and thus almost all of its market value, would be eliminated if a major government decided to come after Bitcoin.

To stop Bitcoin the governments of all countries in the world must simultaneously impose strict regulations to stop the use of Bitcoin and even direct execution of anyone found in its existence. Otherwise, there is no way to dissolve the existence of Bitcoin. For example in my country cryptocurrency is banned and illegal in my country but if you make a survey that will show that 75% of youth in the country are involved with Bitcoin. And it goes without saying that people no longer like to carry money in their pockets. So later Bitcoin or Cryptocurrency will rule.

Government can stop Bitcoin no matter how they tried but it's very funny and I keep wondering what they really want to do that Bitcoin keeps disturbing them like a nightmare, they don't want to hear or do anything with Bitcoin even if it serve in helping some individuals in a beneficial way yet they don't like it and they are really fight a lot to stop Bitcoin, they don't want it to exist again, that is why they are even creating laws just to make sure Bitcoin stops existing but we as the individuals won't allow that to happen, no matter how they tried, we will always look for our way out.

The reason why the US or some other large government hasn't stopped Bitcoin is because they don't want to. There's no reason to. Any large government could take over 50% of the hashrate and do whatever they wanted with Bitcoin if they felt like it.

Bitcoin is legal in almost every country in the world, even in China for the most part. I'll ask the same question of this post I ask of every post that asserts that "the government is out to get Bitcoin": what country are you from that is making Bitcoin illegal? I know there are a few out the 450 countries in the world, but it sure seems like a lot of people here are convinced their government outlaws Bitcoin even though it's pretty likely they don't.

(I continue to be amazed at how badly people need to feel like they are "defying the government" or something by investing in Bitcoin).

The government cannot stop bitcoin completely because bitcoin is a decentralized peer-to-peer network. So there is no institution or person who controls bitcoin. But governments can stop bitcoin in their countries, by regulation. If the government makes regulations that reject bitcoin or crypto in their country then bitcoin or crypto cannot be used there, or at least it will be very difficult to access and may have to do it secretly.

A larger government like the US or China could easily claim over 50% of the hashrate can thus control Bitcoin. This would take an unthinkable amount of money and resources for an individual or terrorist group, but for a major country it would be no problem.

Short of that, since most holders of Bitcoin don't hold their actual private keys, and they instead use a broker, and since these brokers are ordinary centralized companies, then a government could effectively outlaw Bitcoin for almost all of its current users (and thus drop the price of Bitcoin by about 99% while they were at it).

This idea that Bitcoin is "government proof" is a myth.

Bitcoin has been around for so many years, so many countries has been against it, banning it, being called scam, ponzi scheme and many more.
But it is still with us, doesn't that answer the question already? or it isn't enough proof for others to believe in it?

Bitcoin is legal to hold and trade in almost every country in the world, including China.

If any major country like the US actually made it illegal, the price of Bitcoin would probably drop by 90%.

There are no major governments even remotely threatening to ban Bitcoin. Spreading this kind of misinformation about Bitcoin makes it a less attractive investment for mainstream investors, so please stop that.

Government has limits when it comes to bitcoin because bitcoin is transacted in a blockchain through nodes, that is to say that government cannot stop bitcoin, but they can place restriction on bitcoin.
Government in other hand has serious effects on bitcoin because their regulation can affect the transaction of bitcoin in a particular country and thereby reducing and preventing people from taking part in activities that relates to bitcoin through bank regulations and other exchange mediums that can be tracked by any government enforcement agencies. government plays a very pivotal role in the activities of every country and they have serious impact in so many things that concern the citizens.

finally, government cannot stop bitcoin because they do not even know the source, and there is no country that have the activities of bitcoin installed in their constitution therefore they will find it very difficult to pass laws that will stop the existence of bitcoin.

They have no means of stopping the Bitcoin network but through shutting down the entire world's internet. But are they capable of that? maybe but unlikely.

You're right, they can't stop but they can stop businesses that are more focused to Bitcoin and other cryptocurrencies by implementing policies that will strengthen their strictness and compliance to their regulations. We see this already from exchanges, the enterprises that are connected to crypto or mainly into the crypto business, they can do something with them.

Wrong, they have no control over Bitcoin even with their own country's. But as I have said, they have control to the users of BTC but not entirely with Bitcoin and that's different from what you're saying and I agree that they cannot stop the existence of BTC.

No country's government is capable of shutting down Bitcoin. But the government of a country can stop the public use of Bitcoin in that country and punish the user. I know of countries where any kind of crypto usage is strictly prohibited and crypto usage is illegal. If someone uses crypto and the administration comes to know about it, he is punished. Crypto mining is prohibited in those countries as well as crypto use. I found in a report in Bangladesh, some students of a university in Bangladesh came to know about bitcoin mining and they started mining bitcoin in their residential hotel, at one point when the issue of mining reached the ears of the administration, the administration arrested the miners and gave them 2 years of imprisonment. So if a country's government can't stop Bitcoin, it can ban Bitcoin usage

Government policy makers can ban and in some cases regulate BTC but do not have the power to stop it. As a result of the decentralized system, it provides global access that anyone can enjoy the benefits of transactions. There may be objections to the Government's Anti-Money Laundering Act (AML) which is solvable. Although the government outright bans it, it is actually widely practiced because BTC is seen as a hedge for a country's economy.

what I am saying in my country government is trying in everywhere to stop the existence of Bitcoin because in my country now there arresting people who is making use of all this exchange so based on that note I think that government cannot stop Bitcoin people who they are chasing is still in bitcoin, so government does not have for that kind of momentum to stop the existence of Bitcoin through my own understanding of Bitcoin

For me, I don't think government can stop Bitcoin because it's not actually control by the government or any human being and if it were to be stop, it could have happened since even before I was born, yes, they were not in support of cryptocurrency but that doesn't mean, they will have the power to stop it, and I think if they actually stop it, there will be war and riots as the youth will really be angry, because the government who are trying everything possible to stop Bitcoin are not even providing or help the less privilege even creating Job opportunities. So since cryptocurrency has been the source of income to many young youth, it will better for them to stop fighting and try to negotiate with them.

Bitcoin is the world's first digital currency.  Many countries around the world have legalized it, such as Canada, Australia and ElSalvador. Some countries have declared it illegal.  While some countries have partially validated it, some countries are conducting more research on it.  Because there is a lot to know about a country's environment and financial situation and the benefits of Bitcoin.  But from time to time many changes in currency are seen.  Earlier, people used to exchange  silver and gold.  Then exchange started through money and money.  Then came the exchange through digital wallets and latest digital currencies.  Countries that have declared it illegal will also introduce it sometime because people choose modernity over time. And for these reasons it will not be stopped by the government.  Again, since Bitcoin is a decentralized virtual currency, no country's government can interfere in it.

No, it wasn't. There were others before it.


And the United States, and France, and Congo, and Bolivia, and Vietnam, and.... just about every country in the world. Bitcoin may well be one of the most legal things on earth, in fact.



Like, three countries in the whole world, amounting to about .01% of the world's GDP.


As we've discussed here at length (read before you post), any major country like China could conceivably take over 51% of the hashrate and thus control Bitcoin if they wanted to.

The government has the right to regulate anything that falls within its purview, especially if it has a significant impact on the development, security, and economy of the area. However, the situation with Bitcoin is more complex. While it plays a valuable role in society, its drawback is that it can be used for terrorist, fraud, and kidnapping. For this reason, a responsible government would never consider looking into outlawing Bitcoin.

I think a government could control BTC up to a level of regulation because there are some policy conflicts with Anti Money Laundering (AML). Also, due to the decentralized system there is a possibility that many transactional data may not be available which is why the governments of different countries want to control BTC.

Government can only stop her citizens from investing in Bitcoin if discovered to have any negative impact in thier economy. Every government wishes their economy to be influence positively. So I think the government can stop Bitcoin once is no longer favourable to their economy.

That's true and I totally agree with you, that's why it's very difficult for them to accept it, they want to be in control or in charge of Bitcoin which is totally impossible, although I don't really know their reasons of wanting to be in control but whatever it is, it can be for God, because they are going to misuse it which is going to affect everyone around the world ( In my own opinion though) and I thank God, they can get through it, no matter how they try it.

Do you think that government can stop Bitcoin?


Government can do this rather easily. All they have to do is nuke their 10 major cities... for starters.



8)

Not all states have a positive attitude towards cryptocurrency. The whole issue is regulation. Some countries simply don't have the technology to track users on the payment network, so countries are trying to restrict user access to the cryptocurrency market. But users still try to circumvent all sorts of prohibitions. This proves that the state cannot restrict users from using cryptocurrency.

I Don't really think that Bitcoin can be stopped finally because, Bitcoin has high control of the economy, government and political heads also engaged in mining Bitcoin as a way of generating funds and revenue,so if Bitcoin is stop how will this revenue be generated in some countries.so stopping Bitcoin in a country is Really Challenging and difficult.

Government cannot stop bitcoin for so many reasons, if they have the capacity to do so, then they would have stopped it long time ago, bitcoin they also realized that its a decentralized digital currency in which no one has effect on it, because it follows by strict adherence on it consensus protocols in securing the network, with all this, instead, we should expect for more government adoption in more years to come.

You are on point and it's only God that can stop the Bitcoin, no matter how the government try, they can't stop Bitcoin, they can only limit or stop us from using it, which can't be possible, their plans is just to be in control or charge over Bitcoin, and since they can't control it, they are angry and wants to make it stop, they just keep trying and trying but can't control it and who knows what will happen if they are in charge or be in control of Bitcoin, by now, we could be paying to join or involved ourselves in crypto, by now, they would be using it as they want either for their selfishness or stop it from existing and I thank God is not done that way, it's decentralized assets which always makes me happy.

IMO, government cannot stop bitcoin,just like you said it's an independent coin that doesn't rely on centralized entities.They can only make a living hell to Bitcoin enthusiasts by giving strict restrictions and they can't do otherwise,no matter how governments have been setting strict restrictions and regulations it doesn't affect the market from continuing, despite the restrictions the trading volume is still increasing on a daily basis,so it still remains pointless.If Bitcoin is in a centralized form the government would have taken control over it or probably stop it but unfortunately it's in a decentralized form.

Each government have their own point of view and government will be so powerful while it comes to controlling their own country. They can do a lots of thing. Even many country already restricted Bitcoin but they won't stop Bitcoin cause some other governments allowed their people to use Bitcoin as well as Bitcoin mining. And they earn from these. So Bitcoin can't be stopped. Even if all country ban Bitcoin, some people will still mine Bitcoin and keep using Bitcoin illegally.

Yes I agree with you, the government of any country can try to ban or heavily regulate the use of Bitcoin within its borders. However, major countries are trying to completely eliminate the use of Bitcoin but making it extremely difficult for governments. In countries where bitcoin is currently used, it continues to be used through mechanisms such as peer-to-peer exchanges despite government restrictions. Anyone can access and use Bitcoin from anywhere in the world. This makes it challenging for any single government to stop using Bitcoin.

There are no "major countries" trying to ban Bitcoin or otherwise, "completely eliminate the use of Bitcoin". That's nonsense.

Bitcoin is legal to hold and trade in almost every country in the world.

Spreading this disinformation drives the price of Bitcoin downward. Please stop.

It depends on how strict they would make it for the average man to use bitcoin cause you see bitcoin network is run by nodes and as long as they are nodes still functioning then the bitcoin network would still be functioning but they could put strict rules that would make it difficult fir an average person with little knowledge on how to access the network anonymous to do that therby shading investors away from buying bitcoin.

To even have a chance to stop Bitcoin, every government in the world would have to successfully coordinate simultaneously to shut down the entire Internet everywhere and then keep it off forever. Even in that improbable scenario, the Bitcoin network can be communicated over radio signals and mesh networks.

The government has the full power to stop Bitcoin and it may not exist again if the world government comes together to ban Bitcoin and eradicate all that it is all about, they would do it but this will be very difficult because not all country will agree with that and it could bring a state to contention. We don't pray that this will happen because even the United States have accepted Bitcoin and it shows that things are going to go smoothly and the adoption is going to continue as more people get to know about Bitcoin. It is better we starts buying before the full adoption will take place that will increase the numbers of holders to skyrocket.

That not true as you say it, you see bitcoin is run by an open source meaning developers from different parts of the world take care if bitcoin and as long as nodes are still functioning in the network then everything woudl continue to work fine except the government finds a way to stop that and nodes are run by individuals, but sure restrictions can affect the price of bitcoin drastically since it becomes hard for new investors to come in and efts would have no choice than to remove bitcoin too, so the government can actually attck bitcoin but not end it.

A simple act of Congress in the USA could send the price of Bitcoin down 99%.

As to whether it would remain technically "alive" among a few thousand hackers on the Internet is really not very relevant to virtually all current holders of Bitcoin.

As as we've discussed on another thread, a large nation-state player like China or even the USA could easily perform a "51% attack" and effectively take over the Bitcoin network, and do anything they wanted with it.

The answer to this thread, therefore is:

Yes, the government could stop Bitcoin if they wanted to; no, there is no major government in the world that wants to right now.

It is within the power of any country's government to outlaw Bitcoin but it is beyond their power to shut down Bitcoin. Because Bitcoin is not controlled by any specific group or specific people. Since Bitcoin is a very old crypto-currency and its value is very high no government apparently has the power to shut down Bitcoin. But I believe that all the countries that have allowed Bitcoin mining will start using Bitcoin soon.

Off course every country government can stop the BTC because there the one own the power they have the right to stop everything they like with in country, but for me stop the people's from using the decentralized currency doesn't have any reasons since is not that the BTC affects the government properties, but they will not do the necessary things or what can fevor the people in countries.
But do you know that there some stage that if he reach government can able to stop BTC even thought is a decentralized currency. Because if every government put a law on his country that everyone should stop BTC it can be possible accept they didn't wish to so, because people in the country can do anything against them since they have the power.

As a user, I’ve often wondered about the government’s power over Bitcoin. While they can regulate exchanges and enforce restrictions, Bitcoin’s decentralized nature makes it resilient. No single government can unilaterally shut it down. The global community’s support and blockchain technology ensure its survival. So, as a user, I remain optimistic about Bitcoin’s future.

Bitcoin have come too far to be stopped or controlled by a single entity (the government). If there was a way for them to do that, they would have done it and we will already be ascertained that bitcoin can be stopped by the government. Haven’t you seen how all the allegations and hatred for the currency have paved more way for it to stand on its existing protocols and continue to enlarge its reach. Too many clear signs to see that it cannot be stopped but only regulated, if they’d done that, they must have started benefiting from it too by number of citizens using them. Maybe they want to try their luck out again to see if they can stop it or have total control over it, but in all sincerity or likelihood, it won’t be possible to do.

Yes the government has right to stop Bitcoin because they have the power to do so but the the reasons they are can't do it is that Bitcoin is a decentralized digital asset, and also Bitcoin has come a long way the be controlled by some group of individuals they may only resist the use of Bitcoin in a particular country but can't stop Bitcoin.

No country's government can regulate bitcoin exchanges. Yes, of course a country's government can place restrictions on the public exchange and storage of bitcoins. But we can certainly exchange bitcoins through non-custodial wallets very easily. In this case there is no need for government intervention and the government cannot control it.

Do you think that government can stop Bitcoin?


They blew up Nord Stream, didn't they? It would be easy to take out the power grid.



8)

Of course yes the government of a country can frustrate Bitcoin adoptors in its own country and forces the existence of Bitcoin to the exile by disputing the fact that Bitcoin as a global and unified digital currency would be an illegal tender and whoever found transacting or associated with the Bitcoin or the rest Crypto currencies and whoever is caught on it would face the regulatory laws of violation.

They might not actually succeed to terminate the existence of the Bitcoin totally in the country because it is a decentralized technology so, it would be unguaranteed to cover a total range in the community where no citizen can not be associated with the currency.

The ultimate regulatory power of the government over Bitcoin is mostly based on the official legal tendered for means of payments and also using the centralized exchange to trade their assets with the fiats and aside that, smart citizens can always hold safely and secretly with their Bitcoin for an asset.

You are right. Governments can only make things difficult for bitcoiners but they cannot stop Bitcoin. If they could, they would have done that a long time ago. There have been cases in my country where certain exchanges were banned outrightly in a bid to discourage bitcoin and cryptocurrency adoption. That still hasn't stopped people from using bitcoin, people still maneuvered the system to do what pleases them and till now, there's still a way out. Satoshi Nakamoto did us a favour by making Bitcoin decentralized because if he hadn't done that, we would have been using bitcoin at the mercy of the government where we either dance to their tunes or get evicted from the system.

Government can only frustrate the effort of the BTC users in the country, but they can't stop BTC not to exist in the world because is a decentralized currency that is not control by any government, and it pump when it is time to pump high and It dump when it is time to dump.

Despite the banned of BTC and crypto in my country, there are still BTC users in my country which the government is not aware and they are still promoting BTC and crypto to educate those people that see BTC as a distraction to our currency which is not truth.

I know US government has been fighting BTC and crypto users in their country, but there are some users who are also politicians in the country and they are coming up to include BTC and crypto in their campaign to make sure BTC and crypto users support them in this up coming election.

Government can't stop BTC but they can shut down mining operations, they can shut down every exchanges, they can even announce anyone involved with crypto can be facing criminal charges that doesn't stop BTC but can cause drop in prices let's say it's now at 71K but if governments all over the world decide to ban BTC overnight then it can bring down price to at least below 10K again which won't stop BTC operations but what about the investors who re holding.

Any way they won't go to such moves cause the found BTC tax revenue model is far better than banning it so they will be imposing high taxes and discourage people from using it.

People's support for Bitcoin is indeed its life force and its blockchain technology. Besides another important reason to be optimistic about Bitcoin is the past experience or success statistics of Bitcoin. Since there are no barriers to a person's access to Bitcoin shutting down Bitcoin is a futile effort.

Yeah bitcoin cannot be shut down by the government bitcoin is used online. Everything is secret that's why the government has no power to regulate bitcoin even if it wants to it's completely out of the government's hands. Bitcoin exchanges have separate wallets and all information in these wallets is private.

They? Do you mean the Ukrainians?
Can the Ukrainian government stop bitcoin? They have more pressing matters to attend to ;)
Technically any nuclear power could stop bitcoin by nuking half of the world. That would disrupt power and Internet at the same time, start a panic and kill a large part of the population. Nobody would care about bitcoin for a while

I agree with you actually because even in countries that placed restrictions on cryptocurrency yet most of their citizens are very much into cryptocurrency and my country was a typical example though they have lifted the ban but as at when the ban was still active so many people were still investing on cryptocurrency and the government was very much aware but couldn't do anything and they can never do anything because Bitcoin has gotten to a point when the government can only succeed to regulate it but they can't completely interfere in people's transactions.

Are you kidding, I wonder which country would take up arms against bitcoin and that woudl be absrd killing half the world to stop peopel from participating in bitcoin, well I think the bitcoin network relies on three thigns people, internet and power, now we have nodes that are responsible for running or would I say make the network what it is, so if peopel are running nodes privately from all corners of the world, even if that happens bitcoin woudl survive and after that peopel would gain interest in it gain as long there is still a means to but and sell.

It could be possible for government to banned the operation of Bitcoin within there country but the good aspect of it is that they can hardly no if people are doing it because Bitcoin is not a physical assets were they can go into and request for the total number of persons that are into it, though there could be some country based on there high technology be able track people who are still into it but whichever way I don't think Bitcoin can totally be stop able.

I no longer think this will ever happen again looking at the institutional adoption that has increased in these past months with the ETF'S approval of Bitcoin and Ethereum, It will be hard for government to hurt this institution who had recently exposed to Bitcoin via ETF'S,  There's this press release by the Fed Chairman,  Jerome Powell,  where he did say "We are not moving back to the same economy, we are recovering but to an economy that is more leverage to technology which I think it's an economy that will be run with Bitcoin,  AI ,robots Algorithm and drones and where people may considering settling cross border payments with Bitcoin.

The only thing goverment can do is to restrict users from using Bitcoin bit as to destroy bitcoin the government,  if they have the power to destroy or stop bitcoin it would have been something they would have done since even before now. The security in bitcoin is something that no one can try to shut bitcoin off. Before now their are some goverment that they were against bitcoin but along the line they gave up  and the only choice they had was just to accept Bitcoin.  The government have no choice than to accept Bitcoin because its value is good and this is a good reason why many goverment have no choice than for them to just accept it.

Government has the power to ban BTC in a country, and people in that particular country will no longer have access to BTC, but government will not make such law that will affect their economy because some of the government officials are storing their money in BTC which they will not allow the government to take it in that angle.

Even the government know that BTC is helping the government in the area of unemployment that is affecting people, and many people have created their own business through the help of BTC, which is the reason some government will not ban BTC.

Base on what am observing from the youths that are into BTC investment, if those youths have the opportunity to secure any government position in the future, they will surely fight for government to make BTC legal  in the country because they know what government and the youth will benefit from BTC.

If government can stop bitcoin, then they would have achieved all these long time ago since after it invention back then in 2009 or thereafter, but they have set in many attacks to see that they engage the people to go against it al because they wanted to regulate the network and the same people have insisted that this is what they want and they are tired of centralization with finances under government, ever since then till now, bitcoin has remained unstoppable.

Money makes power and power makes money. I think there are someones able to buy more and more BTCs, they are groups that already have power and money. I am a pessimistic, I know, then prove I am wrong if you are able. :-[