Government vs Bitcoin ?

[stiffbud]

Although bitcoin is decentralised currency but still Without government permission bitcoin cannot trading in a country.in country like china Bangladesh Ecuador bitcoin ban by their government because of its decentralised nature and in those countries their economy is affect by bitcoin. Bitcoin affects their country national currency and also affects their bank profits. But in country like japan their government fine with bitcoin. They also encourage their people to use bitcoin. In many developing countries bitcoin is the only source for money transaction.

[orarider]

I think the government has a strong impact on bitcoin. Major regulations may cause the bitcoin market to increase or decrease. Bitcoin prices will fluctuate sharply when the government makes an important decision.

[KonstantinosM]

It was really funny reading the earlier posts, and how it would only take a few GPUs to affect the hashrate, costing only about $100k.

Even now, the government could spend 10 billion dollars and make its own dedicated chips to attack bitcoin. Although with the speed and efficiency that government typically does things the chips will somehow cost 10 times the initial amount and be complete by the time they are completely obsolete.


Government is not all powerful. Even the US IRS is horribly underfunded.

As a one of the 2010 posters mentioned, the biggest governmental threat to bitcoin is Judiciary.

I've seen cases on YouTube where people where prosecuted for operating a money transmitting business without a licence, just for selling bitcoin for USD, which is complete bullshit.


Then again, when they haul you off to jail to get locked up with big dick McSqueek that's where government can beat individual Bitcoiners.

But as a whole, I think we can outsmart the government, should it be so unreasonable as to threaten Bitcoin.

We can, switch algorithms or slower block generation speed and switch to a bitcoin protocol through shortwave radio. Or a million different things.

Once bitcoin was first implemented the genie got out of the bottle. As long as there are people who want financial freedom, bitcoin will exist, whether the government likes it, or not.


 

[Epimetheus]

Government and bitcoin is two interrelated thing. Although beis a decentralised currency which means it doesn't under control of any kind of authority or government but still in a particular country the government of that country is superior then that of bitcoin. If a government want it can ban bitcoin trading, market in their country and also influences other country to do the same. In country like Israel, Bangladesh, China sri lanka their government ban bitcoin in their country because bitcoin influence their country economy in a negative way.

[nikki4]

Bitcoin and government is still not getting along. Why? Because the government wants to control over the Bitcoin or to regulates this crypto currency which Bitcoin is not into it. A lots of crypto people also wants to remain Bitcoin as it is as a decentralized and anonymous as it is. Moreover, we can say that they are not to what we can say that they were enemies.

[ginobitcoiner]

Bitcoin and government is still not getting along. Why? Because the government wants to control over the Bitcoin or to regulates this crypto currency which Bitcoin is not into it. A lots of crypto people also wants to remain Bitcoin as it is as a decentralized and anonymous as it is. Moreover, we can say that they are not to what we can say that they were enemies.

government and bitcoin can't really get along. because bitcoin will not be as good now as the preferred bitcoin character is because bitcoin is not regulated and is not held by the state or certain government.
decentralized. without government interference

[ginobitcoiner]

Bitcoin and government is still not getting along. Why? Because the government wants to control over the Bitcoin or to regulates this crypto currency which Bitcoin is not into it. A lots of crypto people also wants to remain Bitcoin as it is as a decentralized and anonymous as it is. Moreover, we can say that they are not to what we can say that they were enemies.

government and bitcoin can't really get along. because bitcoin will not be as good now as the preferred bitcoin character is because bitcoin is not regulated and is not held by the state or certain government.
decentralized. without government interference

[Mr.grin]

Bitcoin and government is still not getting along. Why? Because the government wants to control over the Bitcoin or to regulates this crypto currency which Bitcoin is not into it. A lots of crypto people also wants to remain Bitcoin as it is as a decentralized and anonymous as it is. Moreover, we can say that they are not to what we can say that they were enemies.

government and bitcoin can't really get along. because bitcoin will not be as good now as the preferred bitcoin character is because bitcoin is not regulated and is not held by the state or certain government.
decentralized. without government interference

yes, I also think like that. but I feel that it will not always be like that. someday, there will be a time for the government to use bitcoin like big companies use it. of course it can also add prices from fiat currencies.

[ginobitcoiner]

Bitcoin and government is still not getting along. Why? Because the government wants to control over the Bitcoin or to regulates this crypto currency which Bitcoin is not into it. A lots of crypto people also wants to remain Bitcoin as it is as a decentralized and anonymous as it is. Moreover, we can say that they are not to what we can say that they were enemies.

government and bitcoin can't really get along. because bitcoin will not be as good now as the preferred bitcoin character is because bitcoin is not regulated and is not held by the state or certain government.
decentralized. without government interference

[Afnan_faizah]

I am sorry sir, but in my opinion it's not really make sense. If government pretend bitcoin as a threat then government was tried to destroy bitcoin since long time ago. I read some news that there are some countries which is embrace blockchain technology so in my opinion bitcoin has very bright future and government don't have a problem with it.

[doodle07]

Governments just want to get tax out from bitcoin, other governments have started to learn how to deal with bitcoin because bitcoin will definitely affect the economy of a nation, other governments have banned it already, others regulate it but I hope that one day we will be all unite to use cryptos especially bitcoin.