Why hasn't any government stopped Bitcoin?

[veleten]

because goverments do not have enough power to stop something that has been initiated
by globalists-like the transition from fiat money ,for example
cryptocurrencies and bitcoin as the pioneer and the flagship,can't be just banned without repercussions
this would mean the particular country goes agaianst the will of the globalists forces of the world
and also losing out on the prospects of profiting from regulating and taxing of the crypta

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[Samueltalk]

At the early stages Russia ruled it as illegal, China outlawed all withdrawals and some other country also spoke against it. But now everything seem to be smoothing up at least on the government side. Surely Bitcoin must be seen as challenging their authority. Is there something I am failing to see? All it would take is a 51% attack or a new law.

I think that initially the government was wrong in assessing bitcoin, now in fact they are beginning to legalize the bitcoin that leads them to have to revise the laws they have made earlier to oppose the legality of bitcoin. In the next few years there will be some countries that will follow in their footsteps, I believe this will be a challenge for countries that still underestimate bitcoin.

[shohelalam]

Because any Government has not any power to stopped it. we don't know where bitcoin setup. we don't know any information about controlling power of bitcoin.

at same time any government hasn't any record about bitcoin so how could the government stopped bitcoin .

I think any government want to touch this and want to stopped it.

[khufuking]

There is simple answer for this . IF you can not stop something from outside then your next best option is to try to control it from inside .
Even if any government tried to stop it what is there options ? there hands is pretty much tied . If they had any chance trust me Bitcoin would have gone from long time now . Bitcoin take the power from banks and give it to people and there is nothing more dangerous than this to any government but they just can not stop it . So the 2 options they have is 1- try to stop it and will probably fail . 2- go along with it and try to control it and that is what they are trying to do right now .

[Nameless27]

The government is bond by the voice of the people if the citizens of that country opposed the stand of the government they will be followed. They can't stopped the one they can't controlle in the first place. Hackers and bitcoin has something in common the used of internet. Government been tracing hackers but failed when in fact there just few people. And bitcoin users are millions of determined people who just want to earned and that's the difference.

[seattletu]

The government is bond by the voice of the people if the citizens of that country opposed the stand of the government they will be followed. They can't stopped the one they can't controlle in the first place. Hackers and bitcoin has something in common the used of internet. Government been tracing hackers but failed when in fact there just few people. And bitcoin users are millions of determined people who just want to earned and that's the difference.

In any case, more to the point, what is the purpose behind these endeavors to dishearten utilize? Are the reasons and objectives handy and honest to goodness?

Does Bitcoin show a risk to power, control of the household cash supply, acquiring, expansion, remote trade or guardian organizations? Truly and No…

Governments can boycott Bitcoin, however the boycott can't be extremely viable. In this way, normally, they utilize different intends to debilitate Bitcoin proprietorship and exchanging.

Bit by bit, administrators in a few nations are starting to see Bitcoin as a greater amount of an open door than a risk. There might be no compelling reason to discourage natives from embracing Bitcoin, regardless of the possibility that the masses spares or spends it as real put away esteem money and not similarly as an installment instrument.

[Xenoph0bia]

The government is bond by the voice of the people if the citizens of that country opposed the stand of the government they will be followed. They can't stopped the one they can't controlle in the first place. Hackers and bitcoin has something in common the used of internet. Government been tracing hackers but failed when in fact there just few people. And bitcoin users are millions of determined people who just want to earned and that's the difference.

Agreed with you, bitcoin is not only popular among the common people but also people like bill gates has seen tremendous potential in the bitcoins. Government can not ignore the fact and they also can not ignore the extraordinary journey of the bitcoins since its initial days.

[chrissss]

because it is out of control and cant be hacked

[bubblebit]

The corrupt government officials and greedy bankers were thinking about it all along. But what make it harder for them to just banned it in all parts of the world. It is because of one specific thing "internet", they can't stopped this without switching it off. So it's impossible for them because it would make this world a war zone instantly without internet connection. It is like how can you stop a hurricane when it's on the run.

[Yuhee]

I think btc is now on a verge of going down. I dont mean to be shut down but the price is really going down fast. BTCChina has really high influence over the flow on the market and because even one statement from the Governor of the blockchain there and most people are really in panic and is already taking precautions whether to continue investing on btc or not.

[blockchainmarketus]

LOL. How to do this government. Bitcoin don't have any record of this transaction by client. The government don't know where its operate. and Who control this ? The Govt cant not stop this. If govt can if every govt stop internet but its not possible for any body for that Bitcoin never stop. If Possible if the miner stop mining but it also not possible.       

That's the revolution starts. Most authority with tyrany won't a new power to comes out. Bitcoin can be a means of new power in economy that shakes their hegemony in the country. In fact, they fail to attack or shut down bitcoin. What they can do ban. Ban bitcoin exchangers, yes they can ban them but ban individual to hold bitcoin? If they can, just do it.

[Kingofbitcoin12345]

In my personal opinion,, the government of each country is just balancing the demand and profitability of bitcoin to its people.. Why would a government lawmaker proposed a bill to stopped or banned bitcoin without giving any solid evidence that it can harm than it can be good to its citizens.. We almost forgot the essence of money,, as long as the money you get is not from illegal transactions and it will benefits you and your family.. I don't see any reason a good public servants will make a stupid act..

[darkangel11]

There's really no reason to try to stop bitcoin. I'm sure governments did their math and it has not only proven to be very difficult and expensive, but also pointless.
Bitcoin is not trying to destabilize governments. It's only giving people the ability to choose the currency they want to be using, it's like another foreign currency to a government. If they are allowing people to buy unstable currencies like some of those African ones, why would they want to stop them from using BTC?

[Miles123]

There is no reason to stop bitcoin. If the bitcoin will be known and will be legalize, the government will have beneficials beacause bitcoin will pay a tax so that it can help the economy of a country. And bitcoin is very helpful in our daily needs.

[Lampaster]

There is no reason to stop bitcoin. If the bitcoin will be known and will be legalize, the government will have beneficials beacause bitcoin will pay a tax so that it can help the economy of a country. And bitcoin is very helpful in our daily needs.

This is a misconception. The government can certainly come up with a method how to levy a tax on the use of bitcoins, but it is not important. With the advent of cryptocurrency government loses control over citizens, and it scares them more than the budget deficit.

[savushkinTA]

Governments probably cannot shut it down through "technical" means, i.e. hacking the system, thus crashing the value or preventing it from working

[Gotottack]

At the outset, governments worldwide tried to stop the proliferation of Bitcoins. However, it cannot be denied that the more they try to topple down said cryptocurrency, the more its popularity increases. The impact of its popularity has its highs and lows but the former obviously make it attractive to investors who desire to take control of their money. Thus, the massive growth of Bitcoins in a small amount of time has substantially affected the economy worldwide. With this, governments take a shot at what was once just an idea but now seems to be an invincible asset to deal with.

[imstillthebest]

LOL. How to do this government. Bitcoin don't have any record of this transaction by client. The government don't know where its operate. and Who control this ? The Govt cant not stop this. If govt can if every govt stop internet but its not possible for any body for that Bitcoin never stop. If Possible if the miner stop mining but it also not possible.       

yeah, bitcoin is decantralized and no one controls or holds it therfore no one can declare a law or regulation to it not even the government and banks. bitcoin is unstopable and no one in this world can stop it or restrict it unless theres a total black out and internet have been shutdown.

[Lieldoryn]

LOL. How to do this government. Bitcoin don't have any record of this transaction by client. The government don't know where its operate. and Who control this ? The Govt cant not stop this. If govt can if every govt stop internet but its not possible for any body for that Bitcoin never stop. If Possible if the miner stop mining but it also not possible.       

yeah, bitcoin is decantralized and no one controls or holds it therfore no one can declare a law or regulation to it not even the government and banks. bitcoin is unstopable and no one in this world can stop it or restrict it unless theres a total black out and internet have been shutdown.

This is not so. To stop bitcoin the government is sufficient to limit the exchange of bitcoins for Fiat. This is the weakest point of all users of bitcoin. It seems to me that the government now wants to deal with bitcoins because they think how to install a control for users to their hands to earn money.

[awilliams]

The government is scared of decentralized currency; however, if they lose out on the opportunity and ban it, then they lose out on billions. I think they're just trying to get the tech together to integrate, regulate, and/or track.